Obtaining an MBA (Master’s in Business Administration) is a popular choice for many business professionals. After all, degree holders have a median starting salary of $110K and are more likely to obtain leadership positions at the organizations they work for. Given the advanced coursework, many programs require students to take the GMAT to demonstrate they are prepared for admission. But not all students have the time or ability to take the GMAT which can deter students from pursuing a degree. Fortunately, there are also a number of respected programs that don’t require the GMAT and instead look for general academic success and work experience. Schools will often grant waivers and exceptions for students who do not take the GMAT based on their work experience.
Programs that don’t require the GMAT offer the same rigorous coursework as programs that do. Students will learn to address major changes in business through courses on innovation management, information security, and data analysis. Such course ensure that graduates will be prepared to respond and adapt to technological change and emerging business trends.
Yes, graduates have an average starting salary of $110K and are more likely to obtain leadership positions. The key is to find schools with AACSB accreditation — this form of accreditation is the gold standard for MBA programs.
Most MBA programs require 2 years of study, but can be completed in as fast as 1 year.
Some MBA programs do not require a GMAT score for acceptance. The best bet is to visit program websites and check their list of requirements.
Obtaining an MBA online offers students more flexibility and convenience. Students also have the ability to obtain their degree as they work.
The main draw of an MBA is that it offers the opportunity to develop a deep understanding of fundamental business principles. From accounting to marketing, MBA programs are designed to produce well-rounded professionals who are trained to succeed in a variety of professional business settings — often with international reach. In short, degree holders can feel confident that they will become leaders in the dynamic world of business whether they take the GMAT or not.