One of the most common goals among students who pursue an MBA is pretty straightforward: money, or earning a higher salary. And hundreds of online MBA programs now compete for students by offering more flexibility to working professionals and often at a lower price point than their traditional MBA program counterparts.
The median cost of an online program on Fortune’s ranking of the best online MBA programs is currently $795 per credit, with most schools requiring 36 credits to graduate. That means a midrange online MBA program costs about $28,620, not including fees or other school-related costs.
Some schools are increasingly trying to lure students by offering another perk: They’ve dropped GMAT and GRE testing requirements, which were previously required for admission. If you’re looking for a solid and affordable online MBA program that doesn’t require spending the time (and money) to submit a GMAT score as part of the application process, you’re in luck. Previously, we created a list of in-person programs that don’t require either of the two tests, but if you’re looking to pursue an online MBA, here are five programs that may be a good fit for you.
1. University of Southern Mississippi
Fortune online MBA program rank: No. 28
Test policy: No GMAT or GRE score is required for students who submit an online application, three reference letters, an official college transcript with a minimum 2.75 GPA, a resume, a cover letter, and a statement of purpose.
Price per credit: $512
Credits required to graduate: 33
2. Campbellsville University
Fortune online MBA program rank: No. 42
Test policy: No GMAT or GRE is required for students who submit their online application, three reference letters (one being a professional reference), their official college transcript with a minimum 2.5 GPA, a resume, and an essay including a statement of professional goals.
Price per credit: $479
Credits required to graduate: 36
3. Missouri State University
Fortune online MBA program rank: No. 86
Test policy: The GMAT may be waived for candidates who have earned a 3.25 cumulative GPA, have been admitted to or have graduated from a Missouri State College of Business or an AACSB-accredited school business major in the past five years, completed at least 80 hours of undergraduate coursework at the time of application, and meet all English proficiency requirements.
Price per credit: $320
Credits required to graduate: 34
4. Dakota Wesleyan University
Fortune online MBA program rank: No. 100
Test policy: No GMAT or GRE score is required for students to apply. To be eligible for Dakota Wesleyan’s online MBA program, students must have an undergraduate GPA of 2.75 or higher and a bachelor’s degree from an accredited institution. If an applicant’s bachelor’s degree is not business-related, they can complete courses through Peregrine Academic Services in order to meet admission requirements.
Price per credit: $425
Credits required to graduate: 36
5. Shippensburg University of Pennsylvania
Fortune Online MBA program rank: No. 103
Test policy: GMAT or GRE scores are not required to be submitted with applications to its online MBA program, and Shippensburg University of Pennsylvania does not consider them during the application process.
Price per credit: $516
Credits required to graduate: 30
See how the schools you’re considering landed in Fortune’s rankings of the bestpart-timeMBA programs.
