Best MBA Programs and Business Schools for 2025 for 2025 – No GMAT/GRE Required

MBA programs can be the key to boosting your career and amplifying your earning potential. However, preparing for the standardized tests required by some MBA programs can be expensive and time-consuming. Using data from our best MBA programs ranking, Fortune has compiled a list of the best MBA programs that flatly do not require the GMAT or GRE. This list serves as a tool for those looking for degree program options that do not require submission of test scores to apply or have to worry about applying for a test waiver. Also, check out our main best MBA programs for 2025 ranking.

1. University of Michigan–Ann Arbor (Ross)

Ann Arbor, MI

At the University of Michigan Ross School of Business, four pillars at center to its MBA experience: excellence, action, impact, and community. There are about 75 students in each MBA core class, and students have close to six years of work experience. Standardized test scores are not required, but those who do not submit must add a statement of academic readiness. One letter of recommendation is needed to apply, and international students must provide proof of English proficiency. The final deadline to apply is March 4, and the application fee is $250.

Acceptance rate	38%
Median base salary of new grads	$175,000
Median GMAT	730
Tuition per year, out-of-state	$78,030

2. Georgia Institute of Technology (Scheller)

Atlanta, GA

The MBA program at Georgia Institute of Technology's Scheller College of Business is designed for professionals with at least two years of work experience. Applicants must submit one letter of recommendation, and while standardized test scores (GMAT or GRE) are optional, they can be included to strengthen an application. International students must provide TOEFL or IELTS scores, with a minimum TOEFL score of 95. Each core MBA course typically has around 36 students. Tuition per credit hour is $1,584.82, and the application deadline for fall is May 1. The application fee is $95.

Acceptance rate	19%
Median base salary of new grads	$165,000
Median GMAT	700
Tuition per year, out-of-state	$42,790

3. Washington University in St. Louis (Olin)

St. Louis, MO

Students in the MBA program at WashU's Olin Business School are described as "competitive—but not cutthroat—ambitious, hungering to make a difference, and challenging each other to achieve more." Core classes have about 40 students—who have on average close to five years of work experience. Applicants are not required to submit standardized testing nor letters of recommendation. Students can choose to concentration in subjects like business and policy, global business, and business analytics. The deadline to apply is April 15—with no application fee.

Acceptance rate	28%
Median base salary of new grads	$130,000
Median GMAT	700
Tuition per year, out-of-state	$68,882

UNC Kenan-Flagler’s top-ranked online MBA

STEM-designated. Tar Heel ROI. No compromises.

UNC Kenan-Flagler’s top-ranked online MBA is designed for experienced professionals looking to take their career to the next level. Students have access to lifelong career benefits and a global network of 51,000+ business school alumni. Earn your MBA online in as few as 18 months or up to three years. MBA Fellowships Available.

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4. University of California–Los Angeles (Anderson)

Los Angeles, CA

The average full-time MBA student at the UCLA Anderson School of Management has five to six years of work experience, and about 76 students can be found in each core course. GMAT, GRE, or EA exam scores are optional to submit, but all international applicants must submit TOEFL or IELTS scores to show their fluency in English, unless they did their undergraduate degree in an English-speaking country. Two letters of recommendation are also needed. Students can choose to concentrate in subjects like entertainment, brand management, and marketing analytics. The final application due date is April 7, and there is a $200 application fee.

Acceptance rate	40%
Median base salary of new grads	$150,000
Median GMAT	720
Tuition per year, out-of-state	$76,396

5. University of Washington (Foster)

Seattle, WA

University of Washington's Foster School of Business recommends students have three to nine years of work experience before applying to its MBA program, but students on average have a little less than six years. Core classrooms have about 96 students on average. The school is test-optional, and two letters of recommendation are needed to apply. International students must prove English proficiency via exam or other means. The final deadline to apply is March 12, and the school has a $90 application fee.

Acceptance rate	42%
Median base salary of new grads	$148,000
Median GMAT	710
Tuition per year, out-of-state	$57,831

6. University of Wisconsin-Madison (Wisconsin)

Madison, WI

At the Wisconsin School of Business, students are recommended to have at least two years of work experience before applying to the full-time MBA program. Students can choose to specialize in areas such as technology strategy & product management, marketing, corporate finance & investment banking, strategic human resources and more. To apply, one letter of recommendation is needed, and international students need to take an English proficiency exam. GMAT/GRE waivers are available based on eligibility. There are ongoing deadlines throughout the year, the final one is June 3 for U.S./permanent residents, and April 10 for international students.

Acceptance rate	26%
Median base salary of new grads	$124,500
Median GMAT	650
Tuition per year, out-of-state	$50,663

7. Southern Methodist University (Cox)

Dallas, TX

The SMU Cox Full-Time Two-Year MBA program offers students the opportunity to specialize in areas such as ITOM (information technology and operations management), marketing, and real estate. International students are required to submit TOEFL scores of 100, or IELTS or Duolingo scores. Applicants are not required to take standardized tests. On average, admitted students have five years of work experience. There are four application deadlines for the fall semester throughout the year, and no application fee is required. The cost is $681 per credit, and students need to complete 71 credits to earn the degree.

Acceptance rate	24%
Median base salary of new grads	$128,000
Median GMAT	710
Tuition per year, out-of-state	$63,685

8. University of Maryland (Smith)

College Park, MD

The full-time MBA at the University of Maryland Smith School of Business is STEM designated and allows students to concentrate in subjects like AI & business strategy, consulting, and sustainability. To apply, one letter of recommendation is needed, but the school is test optional when it comes to GMAT and GRE. International students must submit proof of English proficiency via TOEFL or IELTS. Students tend to have about six years of work experience. The deadline to apply is April 30, and the application fee is $75.

Acceptance rate	32%
Median base salary of new grads	$130,000
Median GMAT	660
Tuition per year, out-of-state	$60,272

UC Davis Master of Management

The online Master of Management from UC Davis is a graduate business degree designed for recent college graduates, ambitious young professionals and career-changers aspiring to leadership roles.

The 15-month online Master of Management program provides aspiring leaders with a foundation in the functional areas of business, such as accounting, finance, marketing and strategy. No minimum professional experience is required.

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9. American University (Kogod)

Washington, DC

The MBA program from American University's Kogod School of Business requires applicants to submit one letter of recommendation. For international students, either TOEFL, IELTS, or Duolingo scores are required. However, American is a standardized test optional institution. On average, there are 22 students per core course. The school offers concentrations in consulting and multiple dual degree options. The program has a $100 application fee, and the deadline for application is April 15.

Acceptance rate	22%
Median base salary of new grads	$110,000
Median GMAT	DNP
Tuition per year, out-of-state	$45,000

10. San Jose State University (Lucas)

San Jose, CA

The 42-credit Early Career MBA from San Jose State University's Lucas Graduate School of Business offers global leadership and business analytics concentrations. TOEFL, IELTS, and PTE scores are required from international students. While the program does not require standardized score submissions, applicants with undergraduate GPAs below 3.0 are strongly encouraged to submit either GMAT or GRE scores. On average, there are 32 students per core MBA course. The deadline to apply for the fall semester is May 1, and application fees cost $70. Each credit costs around $1,178.

Acceptance rate	59%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$24,739

11. King University

Bristol, TN

The traditional daytime MBA from King University's School of Business, Economics, and Technology (SOBET) can be completed in one year. The program offers concentrations in two areas: healthcare administration and management. All applicants must submit two letters of recommendation, and TOEFL scores are required from international students. Standardized test scores are not required for admission. Fall 2023 saw 27 students admitted to the program; on average, there are 24 students per core MBA course. Admissions are rolling throughout the year, and the application fee is free.

Acceptance rate	84%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$19,500

12. George Washington University

Washington, DC

George Washington University's Global MBA program requires applicants to submit one letter of recommendation. GMAT or GRE scores are not required, but international students must submit scores from English proficiency exams such as TOEFL, IELTS, or Duolingo. The first year of the program culminates in the Consulting Abroad Program. This school places students on live consulting teams working with global corporations around the world. In the second year, students choose electives and have the opportunity to take study abroad courses. GW offers concentrations in topics such as artificial intelligence, quantitative business foundations, and sport management. The program has rolling application deadlines and the application fee is $80.

Acceptance rate	26%
Median base salary of new grads	$120,000
Median GMAT	610
Tuition per year, out-of-state	$64,988

13. Fordham University (Gabelli)

New York, NY

The Gabelli School of Business Full-Time MBA program at Fordham University requires applicants to submit one letter of recommendation. While standardized test scores (GMAT or GRE) are not mandatory, applicants can submit them if they choose. International students must provide TOEFL, IELTS, PTE, or Duolingo scores, with a minimum TOEFL score of 100. The 60-credit program offers concentrations in subjects like accounting, communication and media management, finance, information systems management, and marketing. The average core course size is 29 students. The application fee is $140, and the deadline for fall enrollment is June 6.

Acceptance rate	58%
Median base salary of new grads	$120,000
Median GMAT	640
Tuition per year, out-of-state	$62,250

The Online MBA From Rice Business

Rethink Your Approach to Business

GMAT waivers are available for the online MBA from Rice Business, ranked a Top-20 Online MBA by U.S. News & World Report. Ranked #1 in graduate entrepreneurship in the U.S. by the Princeton Review for 2024, aspiring entrepreneurs can earn their MBA in as few as 24 months.

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14. College of William & Mary (Mason)

Williamsburg, VA

The full-time MBA program from the College of William and Mary (Mason) requires two letters of recommendation. It offers seven different learning tracks, including finance, consulting, marketing, supply chain, analytics, entrepreurship, and innovation. English proficiency testing is not required for graduates of a U.S.-based university. There are multiple deadlines to apply for the fall semester. The application fee is $100. It is worth noting the College of William and Mary did not have a fall 2023 class—all data used was from spring 2024.

Acceptance rate	58%
Median base salary of new grads	$112,000
Median GMAT	650
Tuition per year, out-of-state	$49,712

15. Clarkson University (Reh)

Potsdam, NY

Clarkson University's MBA program offers an accelerated pathway for students to complete their degree in just nine months, or two traditional semesters. The program provides concentrations in global supply chain management, environmental management, innovation, new venture management, and a new data analytics specialization. Applicants need to submit two letters of recommendation, but those with three or more years of work experience or a master's degree may be exempt from standardized tests. International students must provide English proficiency scores. It's worth noting that the school boasts that 1 in 5 of its MBA alumni are CEOs, C-suite executives, or entrepreneurs. The deadline for fall enrollment is rolling throughout the year.

Acceptance rate	90%
Median base salary of new grads	$107,500
Median GMAT	DNP
Tuition per year, out-of-state	$18,905

16. Montclair State University (Feliciano)

Little Falls, NJ

The full-time MBA program at Montclair State University Feliciano School of Business allows students to apply without submitting a letter of recommendation. The program offers concentrations in various subjects such as accounting, marketing, and real estate development. International students are required to take English proficiency exams, while all applicants have the option to submit either GRE or GMAT scores. Admission is rolling, and the application fee is $60 for all applicants.

Acceptance rate	90%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$38,300

17. University of Cincinnati (Lindner)

Cincinnati, OH

The Lindner MBA at the University of Cincinnati recommends students have at least two years of work experience. Candidates are able to concentrate in subjects such as artifical intelligence, data analytics, and human resources. To apply, test scores are not required (but are taken into consideration for financial aid awards). Two letters of recommendation are also needed along with proof of English proficiency for international applicants. The deadline to apply is June 15 for domestic applicants, and February 15 for international. The application fee is $65.

Acceptance rate	29%
Median base salary of new grads	$70,000
Median GMAT	DNP
Tuition per year, out-of-state	$34,060

18. Indiana State University (Scott)

Terre Haute, IN

The Scott MBA from Indiana State University allows students to complete the program in four to five semesters and choose from 10 concentrations. These include fields such as accounting, educational leadership, and government affairs. Students may optionally submit a GMAT or GRE score with their application. On average, there are 19 students per core MBA course. The program requires 30 credits to graduate, each costing $909. The fall application deadline is April 1, and the application fee is $45.

Acceptance rate	55%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$16,362

UC Davis Master of Management

The online Master of Management from UC Davis is a graduate business degree designed for recent college graduates, ambitious young professionals and career-changers aspiring to leadership roles.

Learn More

19. University of Southern Mississippi

Hattiesburg, MS

The MBA program at the University of Southern Mississippi allows students to focus in areas such as sport security management, public history, and human capital development. GMAT or GRE scores are accepted, but they are not required. Three letters of recommendation are needed to apply along with proof of English proficiency for international applicants. Each core MBA course has about 19 students. The deadline to apply is August 10, and the application fee is $60.

Acceptance rate	84%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$17,997

20. Baylor University (Hankamer)

Waco, TX

Baylor University's MBA program is 54 credits long. Applicants are required to submit one letter of recommendation. The program is GMAT/GRE test-optional for all applicants. While a GMAT or GRE score is not necessary to apply, applicants can self-report a current score with their application if they choose to do so. The school offers diverse concentrations, including healthcare administration, business analytics, cybersecurity, entrepreneurship and corporate innovation, and sustainability. On average, entrants for the 2023—24 academic year had less than a year of prior work experience. The application deadline is May 15, and there is no application fee.

Acceptance rate	38%
Median base salary of new grads	$81,500
Median GMAT	605
Tuition per year, out-of-state	$58,100

21. Troy University (Sorrell)

Troy, AL

Troy University's Sorrell College of Business has a full-time MBA program with an average of 14 students per core course. The degree takes 30 credit hours to complete. To apply, one letter of recommendation is needed, and GMAT or GRE scores are accepted. International students must submit proof of English proficiency via TOEFL. There is a $50 application fee.

Acceptance rate	91%
Median base salary of new grads	DNP
Median GMAT	570
Tuition per year, out-of-state	$17,100

22. Pepperdine University (Graziadio)

Malibu, CA

The Pepperdine Graziadio Business School's full-time traditional MBA requires two letters of recommendation, preferring applicants to have at least two years of work experience. International applicants must provide TOEFL, IELTS, or Duolingo scores. The program offers nine specializations in entertainment, media, sports management, entrepreneurship, and finance. On average, there are 18 per core MBA course. The program's application deadline is July 14, and tuition is set at $2,030 per credit. The 12-month track is 46 units, and the 20-month track is 55.

Acceptance rate	48%
Median base salary of new grads	$101,000
Median GMAT	610
Tuition per year, out-of-state	$93,380

23. Ohio University (College of Business)

Athens, OH

Ohio University's full-time MBA program can be finished in less than one year and requires three letters of recommendation, with applicants typically having between zero to three years of work experience. With 758 students admitted in fall 2023, each core MBA course has an average size of 33 students. To demonstrate English proficiency, international applicants must submit TOEFL, IELTS, or Duolingo scores. The application deadline is March 26, and the fee is $50.

Acceptance rate	37%
Median base salary of new grads	$61,200
Median GMAT	DNP
Tuition per year, out-of-state	$37,050

Maryville University Master of Science in Data Science | Online

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Earn your Master of Science in Data Science online from Maryville University in as few as two years. Prepare to collect and analyze data, manage teams, and create data-driven strategies.

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GRE Required	No
Part Time	Yes

24. Colorado State University

Fort Collins, CO

Colorado State University's full-time MBA programs require three letters of recommendation and at least two years of work experience. International students need to submit TOEFL, IELTS, Duolingo, or PTE scores. While submitting GMAT or GRE scores is optional, they will be considered as part of the application. The core MBA courses typically have around 132 students. The application deadline is July 1, and there's a $60 application fee. This data is sourced from the school's Impact and evening MBA programs. Each program is delivered on-campus and full-time.

Acceptance rate	82%
Median base salary of new grads	$87,000
Median GMAT	DNP
Tuition per year, out-of-state	$22,535

25. Syracuse University (Whitman)

Syracuse, NY

At the Syracuse Whitman School of Management, the MBA program prepares students for a "world of accelerating change." Seven different concentrations are available, like finance, real estate, and business analytics. The submission of test scores is highly encouraged, and two letters of recommendation are mandatory. International applicants can prove their English proficiency via TOEFL, IELTS, or Duolingo. Applicants are also recommended to have at least four years of work experience. April 15 is the final deadline to apply, and the application fee is $75.

Acceptance rate	83%
Median base salary of new grads	$85,000
Median GMAT	610
Tuition per year, out-of-state	$52,515

26. Louisiana State University A&M (Ourso)

Baton Rouge, LA

LSU's E. J. Ourso College of Business offers the Flores MBA program, featuring 12 specialized concentrations such as analytics, emerging technology, and sports business, with a strong focus on STEM. All applicants must submit two letters of recommendation, and international students must demonstrate English proficiency. While standardized test scores are not mandatory, they can impact scholarship eligibility. The program consists of 48 credits, with each credit costing $1,469. The application deadline for fall admission is April 15, and the application fee is $50.

Acceptance rate	66%
Median base salary of new grads	$69,500
Median GMAT	545
Tuition per year, out-of-state	$35,200

27. Xavier University

Cincinnati, OH

The Williams College of Business at Xavier University allows students to complete an MBA in one year. Standardized testing is generally not required, but it may be requested for some applicants. Prospective students must also submit one or possibly two letters of recommendation. International students must supply an English proficiency exam score. There is no application fee, and the recommended deadline to apply is July 1. Students tend to have three years of work experience.

Acceptance rate	57%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$35,841

28. West Virginia University (Chambers)

Morgantown, WV

The MBA program at the John Chambers College of Business and Economics at West Virginia University is designed to be completed in one year and includes project-based learning with companies throughout the state. Applicants must turn in one letter of recommendation, and standardized testing is not required. International students must complete an English proficiency exam via IELTS, TOEFL, PTE, or Duolingo. Students have an average of one and a half years of work experience, and the deadline to apply is March 1.

Acceptance rate	51%
Median base salary of new grads	$65,000
Median GMAT	DNP
Tuition per year, out-of-state	$54,000

The Online MBA From Rice Business

Rethink Your Approach to Business

The online MBA program from Rice Business prepares students to apply both traditional and cutting-edge business principles to current real-world challenges. Students amplify their technical and leadership skills and can select from electives such as finance, marketing, entrepreneurship, strategy and operations. Located in the energy industry hub of Houston, Texas, Rice Business also features specialized electives focused on the energy field. GMAT/GRE waivers are available. Learn more.

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29. College of Charleston

Charleston, SC

The one-year-long traditional Charleston MBA requires applicants to submit three letters of recommendation. The program offers business analytics, finance, hospitality and tourism development, and marketing concentrations. English proficiency exams are required for international students, but standardized test score submissions are optional. On average, there are 57 students per core MBA course. The final deadline to enroll for the fall semester is March 1.

Acceptance rate	43%
Median base salary of new grads	$70,000
Median GMAT	590
Tuition per year, out-of-state	$32,000

30. John Carroll University (Boler)

University Heights, OH

The Boler MBA from John Carroll University's Boler College of Business costs $1,150 per credit. When considering applicants, the program reviews applications, resumes, two professional recommendation letters, and prior education accomplishments. However, both GMAT and GRE score submissions are optional. International students must submit English proficiency exams. On average, there are 28 students per core MBA course. The deadline to apply for the fall is August 1, and applications are free.

Acceptance rate	86%
Median base salary of new grads	$72,500
Median GMAT	DNP
Tuition per year, out-of-state	$34,500

31. Lehigh University

Bethlehem, PA

The One-Year MBA program at Lehigh University offers specializations in financial management, marketing, business analytics, and supply chain management. Applicants must have at least two years of prior work experience and submit two letters of recommendation. International students must provide proof of English proficiency through TOEFL, IELTS, or Duolingo exams. While submitting GMAT or GRE scores is optional, all applicants should demonstrate evidence of potential success in the program, such as strong academic performance, relevant work experience, or professional certifications like the CPA or CFA. Additionally, the program includes a week-long trip to Silicon Valley in California. The application deadline for the fall term is April 15.

Acceptance rate	65%
Median base salary of new grads	$95,000
Median GMAT	DNP
Tuition per year, out-of-state	$68,900

32. University of Oregon (Lundquist)

Eugene, OR

During the MBA program at the University of Oregon Lundquist College of Business, there is sharp focus on "hands-on learning with real-world applications" as well as four specializations: finance and securities analysis; innovation and entrepreneurship; sports business; and sustainable business practices. To apply, two letters of recommendation are needed, but standardized testing is not required. For those who do not speak English as their native language, proof of English proficiency is needed. The deadline to apply is August 1. The application fee is $70 for domestic students, $90 for international.

Acceptance rate	78%
Median base salary of new grads	$75,000
Median GMAT	630
Tuition per year, out-of-state	$44,620

33. University of Denver (Daniels)

Denver, CO

The Denver MBA at the Daniels College of Business seeks to "elevate" the career of its students. Applicants must have at least two to three years of post-bachelor experience. The application process does not require letters of recommendation or standardized testing, but international students must submit results from the TOEFL, IELTS or Duolingo exam. The average number of students per core MBA course is 25. The deadline to apply for the program is August 15, and the application fee is $100.

Acceptance rate	64%
Median base salary of new grads	$90,000
Median GMAT	705
Tuition per year, out-of-state	$48,000

UNC Kenan-Flagler’s top-ranked online MBA

STEM-designated. Tar Heel ROI. No compromises.

Learn More

34. Hult International Business School

Cambridge, MA

Hult International Business School's Global One-Year MBA program offers concentrations in business analytics, entrepreneurship, finance, innovation, management, marketing, operations, and project management. All applicants are required to submit one letter of recommendation, and international students must provide scores from TOEFL, IELTS, Cambridge ESOL, or Duolingo. While GMAT and GRE scores are not mandatory, submitted scores will be considered. The program requires 42 credits to graduate. The deadline for fall matriculation is September 7, and there is a $95 application fee.

Acceptance rate	62%
Median base salary of new grads	$84,700
Median GMAT	DNP
Tuition per year, out-of-state	$87,900

35. University of San Diego (Knauss)

San Diego, CA

The University of San Diego Knauss School of Business seeks to elevate the careers of aspiring business leaders through its MBA program. Students may concentration is one of six areas, including business analytics, entrepreneurship, and marketing. To apply, two letters of recommendation as well as standardized test scores are optional, but international students must submit proof of English proficiency. The average class size of core courses is 38 students—with about two years of work experience. The deadline to apply is May 1, and the application fee is $125.

Acceptance rate	78%
Median base salary of new grads	$91,000
Median GMAT	DNP
Tuition per year, out-of-state	$35,090

36. Bentley University (McCallum)

Waltham, MA

Bentley University's McCallum Graduate School of Business offers a flexible MBA program that requires 36 credits to complete. The program allows applicants to choose whether they want to submit a GMAT or GRE score as part of their application. While not mandatory, applicants can share their current score if they wish to do so. The program offers concentrations in accounting, finance, law and taxation, leadership, marketing, and strategic healthcare management. International students need to submit TOEFL, IELTS, or Duolingo scores. Each credit costs $1,955, and the application deadline is August 1.

Acceptance rate	61%
Median base salary of new grads	$71,750
Median GMAT	DNP
Tuition per year, out-of-state	$52,785

37. Rochester Institute of Technology (Saunders)

Rochester, NY

The MBA from Rochester Institute of Technology’s Saunders College of Business does not require letters of recommendation or prior work experience. Additionally, standardized test score submissions are waived for students with a degree from a regionally accredited U.S. college or university. International students, however, must submit TOEFL, IELTS, or PTE Academic scores. On average, there are 21 students per classroom. The application deadline for the fall is rolling. 48 credits are required to earn the degree, with each credit costing $2,463.

Acceptance rate	62%
Median base salary of new grads	$76,500
Median GMAT	DNP
Tuition per year, out-of-state	$59,102

38. University of Texas–San Antonio (Alvarez)

San Antonio, TX

The University of Texas–San Antonio Alvarez College of Business's MBA program offers seven different learn tracks, including project management, health professionals, and finance. Standardized testing is not required for the 2024-25 application cycle, but two letters of recommendation are needed as well as English proficiency exams for international applicants. The deadline to apply is August 1. The application fee is $50 for domestic students, $90 for international.

Acceptance rate	97%
Median base salary of new grads	$67,600
Median GMAT	DNP
Tuition per year, out-of-state	$59,684

UC Davis Master of Management

The online Master of Management from UC Davis is a graduate business degree designed for recent college graduates, ambitious young professionals and career-changers aspiring to leadership roles.

Learn More

39. Kent State University (Crawford)

Kent, OH

Kent State University's full-time MBA program offers an opportunity to earn a degree in one year. Each course spans eight weeks, allowing students to focus on specialized concentrations such as business analytics, digital transformation, and finance. The program requires two letters of recommendation and does not have a standardized testing policy. On average, students have less than a year of management experience and there are typically around 29 students per core MBA course. The fall application deadline is March 15, with a $50 application fee for domestic students and a $70 fee for international students.

Acceptance rate	67%
Median base salary of new grads	$57,403
Median GMAT	680
Tuition per year, out-of-state	$24,361

40. Valparaiso University

Porter County, IN

Valparaiso's MBA program requires two letters of recommendation and does not require standardized testing. The school recommends applicants have at least five years of work experience before joining the program. International students must submit an English proficiency exam score from TOEFL, IELTS, or Duolingo. There are just under 16 students in each core MBA class, and students must complete 36 credits to graduate. The program has a rolling admissions process.

Acceptance rate	100%
Median base salary of new grads	DNP
Median GMAT	DNP
Tuition per year, out-of-state	$30,000

41. Southeast Missouri State University (Harrison)

Cape Girardeau, MO

Southeast Missouri State University's Harrison College of Business & Computing MBA allows students to concentrate in eight areas ranging from accounting and financial management to general management and health administration. The program accepts a range of English proficiency tests for international applicants, including TOEFL, IELTS, ITEP, PTE, Duolingo, Kaplan International (Higher Intermediate certification level), and HOFT Institute Level 5. Generally, there is no standardized testing requirement. The application deadline for the fall semester is March 1.

Acceptance rate	32%
Median base salary of new grads	DNP
Median GMAT	530
Tuition per year, out-of-state	DNP

42. Missouri State University

Springfield, MO

The traditional, general MBA program at Missouri State University does not require letters of recommendation. All applicants should submit standardized test results. In the fall of 2023, 249 students were admitted, with an average of 249 students per core MBA course. International students are required to submit either TOEFL, IELTS, Duolingo, PTE Academic, Linguaskill, iTEP Academic, or GTEC scores, or complete the school's English for Academic Purposes (EAP) program. The application deadline is rolling, and the application fee is $72. It is worth noting the Missouri State University STEM MBA program launches in fall 2024.

Acceptance rate	95%
Median base salary of new grads	DNP
Median GMAT	590
Tuition per year, out-of-state	$13,608

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Methodology

Hundreds of business schools have full-time MBA programs, and Fortune reached out to more than 200 schools for our flagship ranking. Of the nearly 100 that decided to participate in our data questionnaire, 42 have policies that no GMAT or GRE scores are required to apply—for all applicants. The schools were ranked using the same calculation as our main best MBA ranking, and were weighted as follows:

Fortune 1000: 20%
Previous Fortune MBA ranking: 2%
Employment placement rate: 15%
Graduation rate, 2020–23: 10%
Median GMAT score, fall 2023 entrants: 7%
Total tuition, out-of-state U.S. residents: 5%
Retention rate, 2022–23: 5%
Acceptance rate, fall 2023: 5%
Yield, 2023–24: 3%
Average undergraduate GPA, 2023–24 enrollees: 3%

Learn more: Read Fortune’s MBA methodology.

MBA career paths

What is an MBA?

A master’s in business administration—commonly known as an MBA—is one of the most highly sought-after graduate-level degrees. It teaches in-demand business leadership and management skills, and graduates often start businesses or lead existing ones. The degree is traditionally completed in a two-year, full-time span, but other formats like online, part-time, and executive are also popular.

General curriculum and skills taught

No matter the format or university, MBA programs focus on core areas of business like finance, leadership, and marketing. These courses may take up one’s first year of any MBA program, then the door is open to other electives. MBA programs also notably teach a combination of technical skills like data analysis or basic accounting as well as more human skills like problem-solving and communication.

Specializations and concentrations

MBA students can typically choose to learn more specific topics beyond the general management curriculum. These specializations or concentrations can cater to one’s career path and help to distinguish one’s skills: Concentrations in MBA programs may include the following options:

Admissions information

Admissions requirements may vary from one business school to another, but generally include:

Bachelor’s degree: a transcript must be provided from an accredited college or university
Work experience: shown via a resume
Writing responses: answer essay questions and/or provide a personal statement
Letters of recommendation: from supervisors, previous professors, or someone who just knows you well in a professional capacity
Interview: some applicants are asked to interview with an admissions officer
Test scores: not required for this list of schools, but they may be provided as a supplement

GMAT, GRE, and GPA

The schools in this list do not have any requirements for GMAT or GRE whatsoever—meaning you do not have to worry about thresholds or waivers; you simply can apply without having to ever take a grueling standardized test. That being said, it can still be difficult to get into some of these institutions (Georgia Tech, for instance, has a 19% acceptance rate), so it is best to ensure other aspects of your application are competitive. If all fails, standardized test scores can still be submitted merely as a supplement—and will be considered as part of the holistic process.
Most programs also do not have minimum GPA requirements, but those who had low undergraduate grades may want to reconsider submitting standardized test scores to boost one’s application.

Which factors drive acceptance?

The MBA admissions process is holistic, meaning universities look at all parts of one’s application. However, with no GMAT/GRE requirements, this means there is one less indicator of your potential acumen, so it is best to have well-polished essays and prepare well for the interview.

How to choose the best MBA for you: Factors to consider beyond rankings

Selecting an MBA program requires consideration of multiple factors beyond any ranking. While lists provide valuable insights, prospective students should weigh various aspects to find the best fit for their career goals and personal circumstances. Key considerations include program cost, institutional prestige, alumni network strength, and concentration options, especially for those seeking career transitions. Additionally, program duration and start dates may be crucial for students aiming to complete their degree swiftly.

Accreditation

Accreditation serves as a crucial indicator of a business school's quality, signifying rigorous curriculum standards, expert faculty, and advanced research capabilities. The Association to Advance Collegiate Schools of Business (AACSB) accreditation stands out as the premier designation, with only 6% of business schools worldwide achieving this status. Notably, 96% of AACSB-accredited school alumni secure employment, underscoring the value of this certification in the job market.

Start times, schedule, and program length

Many institutions provide rolling admissions and various start dates throughout the year. This adaptability allows students to balance their education with full-time employment or other commitments. Some programs even offer accelerated options, enabling completion in as little as one year. This flexibility is particularly appealing to professionals seeking career advancement or transition without interrupting their current work.

Prestige

Local reputation may hold more weight for students targeting specific job markets, while national or global prestige could be crucial for those with broader career aspirations. Recruiters often value programs known for particular specializations or those with a track record of producing successful alumni in their industry.

Concentrations

MBA concentrations play a vital role in shaping career trajectories and should be carefully considered when choosing a program. Schools located near industry hubs often offer specialized concentrations aligned with local business ecosystems, potentially providing enhanced networking and job placement opportunities in those sectors.

Cost

Full-time MBA program costs can vary significantly. While total tuition may be less than $30,000 for certain schools—such as Indiana State University, which costs about $27,000—other schools, like Columbia Business School, can cost you close to $250,000. While scholarships and employer reimbursement can offset expenses, many students rely on self-funding or loans. Federal loans are available up to $20,500 annually for graduate students, albeit with higher interest rates. Cost considerations become particularly significant when comparing similar programs.

Learn more: Check out Fortune's list of the best MBA programs—and use the left-hand menu to find schools with tuition that fit your budget.

Network and access to alumni

The value of an MBA extends beyond classroom learning to encompass the professional network built during the program. A robust alumni network can provide invaluable career advancement opportunities. Prospective students should evaluate not only the size of the alumni network but also its engagement level and the school's efforts to facilitate meaningful connections among graduates.

Internship facilitation

Real-world experience is crucial in the business world, and internships provide valuable opportunities to apply classroom knowledge and build professional networks. While no program guarantees internship placement, the quality and extent of career services offered can significantly impact a student's ability to secure desirable positions.

Careers for MBA graduates

An MBA degree typically leads to expanded job opportunities and higher salaries. The Graduate Management Admission Council (GMAC) reports a median projected salary of $120,000 for new MBA graduates, approximately 60% higher than bachelor's degree holders. Career paths for MBA graduates are diverse, spanning industries such as technology, finance, consulting, and entrepreneurship. Common roles include project managers, brand managers, consultants, financial analysts, and various c-suite positions.

Financing and scholarships

Financing an MBA education typically involves self-funding, employer reimbursement, or a combination of loans and scholarships. Many business schools offer merit-based or need-based scholarships to qualified applicants. Some employers provide partial or full tuition reimbursement, often with a post-graduation employment commitment. Military veterans may be eligible for education benefits through the Post-9/11 GI Bill and Yellow Ribbon Program, potentially covering all tuition and fees.

Frequently asked questions

What are the top B schools without GMAT?

University of Michigan (Ross), Georgia Tech (Scheller), and Washington University in St. Louis (Olin) are the top business schools to get into without needing to supply GMAT scores.

What is the average GMAT score without studying?

The average GMAT score is about 553, but the latest version of the test slightly altered the score. Today, many test takers aim to score at least a 645. A perfect GMAT scoreis 805.

Can you get into Harvard MBA without GMAT scores?

Standardized test scores are required to apply to Harvard Business School, but applicants can choose to submit results from either the GMAT or GRE. The school has no preference for either.

What is the lowest GMAT score for a Harvard MBA?

The lowest GMAT score for Harvard Business School was 540 for the class of 2026. About two-thirds of the class submitted GMAT scores when applying, and over 40% submitted GRE scores (some applicants submitted both).

Methodology for Fortune’s 2025 ranking of the best MBA programs

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The Online MBA From Rice Business

Methodology

MBA career paths

What is an MBA?

General curriculum and skills taught

Specializations and concentrations

Admissions information

GMAT, GRE, and GPA

Which factors drive acceptance?

How to choose the best MBA for you: Factors to consider beyond rankings

Accreditation

Start times, schedule, and program length

Prestige

Concentrations

Cost

Network and access to alumni

Internship facilitation

Careers for MBA graduates

Financing and scholarships

Frequently asked questions

What are the top B schools without GMAT?

What is the average GMAT score without studying?

Can you get into Harvard MBA without GMAT scores?

What is the lowest GMAT score for a Harvard MBA?

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Methodology for Fortune’s 2025 ranking of the best MBA programs