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User’s Guide to Full-Time MBA Rankings

Bloomberg BusinessWeek

Distinctive emphasis:Employability

Business school candidates whose core focus in selecting a full-time MBA program is landing a satisfying, well-paying job after graduation may be particularly interested in the Best Business Schools 2017 rankings from Bloomberg BusinessWeek.

Bloomberg’s ranking methodology weights 35 percent of a school’s rank on the results of a survey of corporate recruiters who regularly hire recently graduated MBAs. Employer opinions are also featured in the U.S. News & World Report rankings, but weighted less (15%). The Financial Times rankings weight 2 percent to alumni opinions from a recruitment perspective.

Additional factors taken into account are salary (20% total), recent graduate opinions (15%), alumni opinions (10%), employment rate (10%), and career progress (10%, specifically in the area of job satisfaction).

Bloomberg’s ranking methodology weights 35 percent of a school’s rank on the results of a survey of corporate recruiters who regularly hire recently graduated MBAs.

How Does Bloomberg BusinessWeek Determine Its Rankings?

The Bloomberg Business Best Business Schools rankings are calculated using a mix of data collected from corporate recruiters, alumni, business schools, and recent graduates.

Overall, the methodology is weighted 30 percent to fact-based criteria and 70 percent to opinion-based criteria.

CategoryMetric NameObjectiveWeightDescription
Employer opinionEmployer surveyNo0.35Opinion-based data collected from a survey of corporate recruiters. Respondents rate up to 10 schools on how well graduates perform on specific qualities related to employability.
SalaryMedian compensation increaseYes0.1Average most recent annual compensation divided by annual compensation directly prior to entering the MBA program for alumni that graduated six to eight years ago.
Starting salaryYes0.1Starting base salary for the previous year’s class of full-time MBA graduates. Data is adjusted to control for salary variation across industries and regions. Data collected from business schools.
Career progressJob satisfactionNo0.1Average job satisfaction of MBA alumni that graduated six to eight years ago.
Alumni opinionMBA feedbackNo0.1Alumni that graduated six to eight years ago provide opinion-based feedback on their MBA experience, particularly as it relates to their careers.
Student/recent graduate opinionStudent surveyNo0.15Opinion-based feedback of the most recent graduating class on MBA program features such as campus climate, effectiveness of career services, and responsiveness of faculty and administrators. A quarter of this indicator’s weight uses the previous class’s data.

Note: this indicator includes students’ rating of career services. The Bloomberg methodology does not specify what portion of the student survey is weighted to career services, so the full weight of the student survey is categorized here as student/recent graduate opinion.

Employment rateJob placement rateYes0.1Employment rate three months after graduation for the previous year’s class of full-time MBA graduates. Data collected from business schools.

How much do the Bloomberg BusinessWeek rankings change year to year?

Average schools’ position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the Bloomberg rankings saw their ranking position change an average of +/- 2.9 positions. This is the smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent Bloomberg ranking, their ranking position changed an average of +/- 2.2 positions from the previous edition. This is the third smallest average change in the top 20 among the five major publications.

publicationAverage Position Change among Top 20Average Position Change overall
Bloomberg2.22.9
The Economist4.97.6
Financial Times2.86.9
Forbes2.13.6
USNWR1.34.8

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 86 percent of schools included in both of the last two editions of the Bloomberg BusinessWeek rankings saw their ranking position change four or fewer positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.

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What Schools Does Bloomberg BusinessWeek Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

Bloomberg creates separate rankings for full-time MBA programs based inside and outside of the United States. The 2017 US rankings include 85 programs, down from 87 in 2016. The 2016 international ranking included 31 schools.

To be included in the US rankings, each school is required to have at least 30 students respond to the student survey; larger programs are required to reach a minimum response rate ranging from 15 to 40 percent.

The 2017 US rankings include 85 programs, down from 87 in 2016.

Who Uses the Bloomberg BusinessWeek Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants living in the United States, Africa, Canada, Central & South Asia, Latin America, Middle East, and Western Europe rated Bloomberg as the second most influential to their decision making. It is the third most influential publication in Asia and Eastern Europe.

Bloomberg is the second most used ranking publication among mba.com registrants in the United States, Africa, Canada, Central & South Asia, Latin America, Middle East, and Western Europe. It is the third most used publication in Asia and Eastern Europe.

CountryUsage RankingInfluence Ranking
Africa0.272
Asia0.43
Canada0.262
Central & South Asia0.422
E. Europe0.333
Latin America0.42
Middle East0.242
United States0.282
W. Europe0.282

* Based on data collected from mba.com registrants.

Date and Frequency

Bloomberg produces US full-time MBA rankings annually in November. Each ranking is titled with the year of its publication. Their international MBA rankings typically publishes after the US ranking.

Ranking History

BusinessWeek established the first full-time MBA rankings in 1988. Bloomberg made notable changes to its methodology for the 2015 rankings that reflect their shift in focus toward how well MBA programs prepare graduates for job success.

Data Access

The interactive rankings chart available on the Bloomberg rankings webpage displays each MBA program’s change in rank from the previous year, in addition to each program’s overall ranking index score and their rank in the five main categories of the methodology: employer survey, alumni survey, student survey, starting salary, and job placement.

Users can also type in the name of a school to reveal interactive charts displaying data related to pay growth, entrepreneurship, industries of employment, US regions of employment, average debt, and job placement rate three months after graduation.

Additional Rankings

Bloomberg annually produces two separate rankings for full-time MBA programs: one for programs based in the US, one for programs based outside of the US. Both use the same methodology. In the past, Bloomberg also published a part-time MBA ranking. Their last part-time MBA ranking was published in 2015.

School Rankings

U.S.
RankRanking Index ScoreAlumni Survey Rank (30%)*Student Survey Rank (15%)School
1100.00318Harvard
291.201117Pennsylvania (Wharton)
390.002022MIT (Sloan)
490.003510Chicago (Booth)
589.80116Stanford
689.401011Duke (Fuqua)
789.20735Dartmouth (Tuck)
887.901814Northwestern (Kellogg)
987.102615Columbia
1085.80412Rice (Jones)
1185.5025UC at Berkeley (Haas)
1284.20474Michigan (Ross)
1383.70223Cornell (Johnson)
1482.20248Carnegie Mellon (Tepper)
1581.404019Washington (Foster)
1681.40927Yale
1781.30129Virginia (Darden)
1880.102713NYU (Stern)
1978.30161UCLA (Anderson)
2078.303720Texas at Austin (McCombs)
2176.80526Emory (Goizueta)
2275.901551Texas A&M (Mays)
2375.00830Brigham Young (Marriott)
2473.403021North Carolina (Kenan-Flagler)
2572.505349Penn State (Smeal)
2672.30631Notre Dame (Mendoza)
2770.303232Indiana (Kelley)
2870.104128Georgia Tech (Scheller)
2970.102960Michigan State (Broad)
3069.20586USC (Marshall)
3169.003843Texas-Dallas (Jindal)
3268.80467Southern Methodist (Cox)
3368.401944Rochester (Simon)
3467.803933Vanderbilt (Owen)
3567.703423Georgetown (McDonough)
3666.501738Washington in St. Louis (Olin)
3766.404337Ohio State (Fisher)
3865.706053Purdue (Krannert)
3965.404247Minnesota (Carlson)
4063.902839Maryland (Smith)
4163.703625Iowa (Tippie)
4262.50442William and Mary (Mason)
4361.202546Wisconsin
4460.905540Boston College (Carroll)
4560.607145Illinois at Urbana-Champaign
4660.005256SUNY at Buffalo
4759.705155Arizona State (Carey)
4859.605429Florida (Hough)
4958.804954Boston University (Questrom)
5058.606259Rutgers
5157.804536UC at Irvine (Merage)
5255.505650Pittsburgh (Katz)
5354.701476Oklahoma (Price)
5454.207041Georgia (Terry)
5554.206934Texas Christian (Neeley)
5654.005762Utah (Eccles)
5753.707375Tennessee (Haslam)
5853.606352Miami
5953.403164George Washington
6053.307757Fordham (Gabelli)
6152.906442Northeastern (D’Amore-McKim)
6252.003358Babson (Olin)
6351.705061Howard
6450.606683Syracuse (Whitman)
6550.005924Houston (Bauer)
6649.604873Connecticut
6749.401385Baylor (Hankamer)
6849.402169Cincinnati (Lindner)
6948.006770Arizona (Eller)
7047.907479North Carolina State (Jenkins)
7146.207972Mississippi
7245.306178Case Western Reserve (Weatherhead)
7343.702366UC at San Diego (Rady)
7443.406867Kentucky (Gatton)
7542.508148Pepperdine (Graziadio)
7641.007684Texas Tech (Rawls)
7740.507265Willamette (Atkinson)
7838.706571Tampa (Sykes)
7936.308274Rochester Institute of Technology (Saunders)
8034.608080Colorado at Boulder (Leeds)
8134.107581San Diego
8233.608463Chapman (Argyros)
8327.708368Denver (Daniels)
8427.307882San Diego State (Fowler)
8524.608577Oregon (Lundquist)
International
RankRanking Index ScoreAlumni Survey Rank (30%)*Student Survey Rank (15%)School
1100.0064London Business School
293.11122INSEAD
392.11121Oxford (Saïd)
486.1435Cambridge (Judge)
580.65216IESE
679.36210IE
779.2781IMD
873.9247SDA Bocconi
973.69193Melbourne
1073.41138Western (Ivey)
1171.701517HEC Paris
1270.071012ESADE
1369.912413ESMT
1469.19718Cranfield
1562.752225Imperial College London
1660.36916St. Gallen
1760.012322Hult
1857.581723Queen’s
1956.901111Manchester
2055.772920Mannheim
2154.79526National University of Singapore
2254.17169Warwick
2351.952029Toronto (Rotman)
2451.421828CEIBS
2550.381414McGill (Desautels)
2645.502727Erasmus (Rotterdam)
2745.313015Copenhagen
2844.742831ESIC
2944.573119HKUST
3037.852630Alberta
3130.482524HEC Montréal
See rankings for Bloomberg BusinessWeek .

* Alumni survey rank is based on the 30 percent of the methodology weighted to median compensation increase (10%), job satisfaction (10%), and MBA feedback (10%).

You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.

The Economist

Distinctive emphasis:Career services and networking

Business school candidates that value the guidance provided by career services offices and want to become a part of a strong alumni network with global reach may be particularly interested in The Economist’s full-time MBA ranking.

The Economist ranking methodology weights 11.67 percent of a school’s ranking on the quality of MBA programs’ career services offices. The only other ranking that includes a rating of career services is the Financial Times, which weights it only 2 percent.

Another 10 percent of The Economist’s methodology is weighted to networking potential. This is the only ranking to include indicators related to networking as a part of its methodology.

Additional factors taken into account are salary (20%), career progress (11.67%), employment rate (11.67%), academic selectivity (8.75%), faculty quality (8.75%), internationalization (8.75%), student/recent graduate opinion (6.13%), and gender parity (2.62%).

The Economist is the only ranking to include indicators related to networking as a part of its methodology.

How Does The Economist Determine Its Rankings?

The Economist full-time MBA rankings are calculated using a mix of data collected from business schools, current full-time MBA students, and recent graduates.

Overall, the methodology is weighted 76 percent to fact-based criteria and 24 percent to opinion-based criteria.

CategoryMetric NameObjectiveWeightDescription
Career progressSpread of industry sectors that recruited most recent graduatesYes0.1167Two measures were used to rank the diversity of recruiters: the number of industry sectors that recruited most recent graduates and how evenly those graduates were spread between these industry sectors.
Employment ratePercentage of job-seeking students with a job offer three months after graduationYes0.1167The employment rate of the most recent class of full-time MBA graduates three months after graduation.
Career services ratingPercentage job-seeking students who found a job directly through the career servicesYes0.0875Recent graduates indicate whether or not they found a job with the help of the business school career services office.
Student assessment of career servicesNo0.1167Current students and recent graduates’ opinion of the career services office, specifically regarding meeting their expectations and needs.
Faculty qualityFaculty student ratioYes0.029155The faculty to student ratio of the full-time MBA program.
Percentage faculty with PhDYes0.029155The percentage of full-time faculty in the full-time MBA program that hold a PhD.
Faculty rating by studentsNo0.029155Current students and recent graduates’ opinion of the quality of faculty in the full-time MBA program.
Academic selectivityAverage GMAT scoreYes0.029155The average GMAT scores of the most recent full-time MBA entering class.
Average number of years work experienceYes0.029155The average number of years work experience of the most recent full-time MBA entering class.
Average salary of students before entering classYes0.029155Mean annual salary of incoming class prior to enrollment.
InternationalizationSpread of regions from which students hailedYes0.04375Schools are given a score based on the percentage of students enrolled in the full-time MBA program from various world regions.
Range of and access to overseas exchange programsYes0.021875The number of overseas exchange programs lasting one month or more that full-time MBA students have access to.
Number of language courses availableYes0.021875The number of language courses offered at no additional cost or a nominal charge to full-time MBA students.
Gender parityGender diversityYes0.02625Schools are given a score based on the variance of the gender split of their full-time MBA enrollment from 50 percent.
Student/recent graduate opinionStudent rating of culture and classmatesNo0.0175Current students and recent graduates’ rating of their full-time MBA culture and classmates.
Student rating of program and range of electivesNo0.021875Current students and recent graduates’ rating of their full-time MBA program and range of electives.
Student assessment of facilities and other servicesNo0.021875Current students and recent graduates’ opinion of the facilities and other services of their full-time MBA program.
SalarySalary change from pre-MBA to post-MBA (excluding bonuses)Yes0.05The difference between recent graduates’ post- and pre-MBA salaries, excluding bonuses.
Post-MBA salaryYes0.15Recent graduates’ post-MBA salary, excluding bonuses.
NetworkRatio of MBA alumni to current MBA studentsYes0.0333Ratio of MBA alumni to current MBA students
Number of overseas alumni chaptersYes0.0333Number of overseas alumni chapters
Student rating of alumni networkNo0.0333Current students and recent graduates’ opinion of the strength of their business school’s alumni network.

How much do the The Economist rankings change year to year?

Average schools’ position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of The Economist rankings saw their ranking position change an average of +/- 7.6 positions. This is the greatest average change among the five major publications.

Among schools ranked in the top 20 of the most recent The Economist ranking, their ranking position changed an average of +/- 4.9 positions from the previous edition. This is the second greatest average change among the five major publications for schools in the top 20.

publicationAverage Position Change among Top 20Average Position Change overall
Bloomberg2.22.9
The Economist4.97.6
Financial Times2.86.9
Forbes2.13.6
USNWR1.34.8

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 27 percent of schools included in both of the last two editions of The Economist rankings saw their ranking position change ten or more positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.

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What Schools Does The Economist Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

A total of 153 full-time MBA programs were invited to participate in the 2017 ranking. The top 100 schools receive a rank. A minimum response rate of 25 percent or a minimum of 50 current students/recent graduates (whichever is lower) is required for schools to be included in the ranking. Schools must complete questionnaires for at least two consecutive years before being ranked.

Schools must complete questionnaires for at least two consecutive years before being ranked.

Who Uses the Economist Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in Asia rate The Economist as the most influential to their decision making. It’s ranked the third most influential in Canada and the Middle East.

The Economist is the least frequently used ranking publication in every region of the world.

CountryUsage RankingInfluence Ranking
Africa0.225
Asia0.371
Canada0.213
Central & South Asia0.344
E. Europe0.274
Latin America0.34
Middle East0.23
United States0.175
W. Europe0.245

* Based on data collected from mba.com registrants.

Date and Frequency

The Economist full-time MBA rankings are produced annually and published online in October. Each ranking is titled with the year of its publication.

Ranking History

The Economist has been ranking international full-time MBA programs annually since 2003. Rankings dating back five years are available on The Economist website.

The methodology is based on the results of a survey of MBA students on what factors are important to them in choosing a program. The 2017 methodology was changed slightly from the 2016 methodology.

Data Access

The complete full-time MBA rankings are publicly available on The Economist website . Users can filter the rankings by region/country and view the previous five years’ rankings using dropdown menus.

On the rankings main page, no additional data beyond a school’s ranking is viewable. Users can select the “compare schools” tool to compare up to four schools at one time by their rank in any of the individual indicators that are a part of The Economist methodology.

Additional Rankings

In addition to its annual full-time MBA rankings, The Economist also produces a bi-annual ranking of executive MBA programs .

School Rankings

RankCountrySchool
1United StatesUniversity of Chicago – Booth School of Business
2United StatesNorthwestern University – Kellogg School of Management
3United StatesUniversity of Virginia – Darden School of Business
4United StatesHarvard Business School
5United StatesStanford University – Graduate School of Business
6United StatesDartmouth College – Tuck School of Business
7United StatesUniversity of California at Berkeley – Haas School of Business
8SpainUniversity of Navarra – IESE Business School
9FranceHEC School of Management, Paris
10AustraliaThe University of Queensland Business School
11United StatesColumbia Business School
12United StatesUniversity of Pennsylvania – Wharton School
13FranceINSEAD
14United StatesUCLA – UCLA Anderson School of Management
15United StatesYale School of Management
16SpainIE University – IE Business School
17United StatesMassachusetts Institute of Technology – MIT Sloan School of Management
18United StatesDuke University – Fuqua School of Business
19United StatesNew York University – Leonard N Stern School of Business
20United KingdomUniversity of Warwick – Warwick Business School
21United StatesUniversity of Michigan – Stephen M. Ross School of Business
22United StatesUniversity of North Carolina at Chapel Hill – Kenan-Flagler Business School
23SwitzerlandIMD – International Institute for Management Development
24FranceEDHEC Business School
25United KingdomLondon Business School
26United StatesVanderbilt University – Owen Graduate School of Management
27United KingdomHenley Business School
28United StatesCornell University – Samuel Curtis Johnson Graduate School of Management
29United StatesEmory University – Goizueta Business School
30United StatesIndiana University – Kelley School of Business
31Hong KongUniversity of Hong Kong – Faculty of Business and Economics
32United StatesUniversity of Washington – Foster School of Business
33United StatesCarnegie Mellon University – The Tepper School of Business
34AustraliaUniversity of Melbourne – Melbourne Business School
35United StatesGeorgetown University – Robert Emmett McDonough School of Business
36United StatesMichigan State University – Eli Broad College of Business
37United StatesUniversity of Notre Dame – Mendoza College of Business
38ItalySDA Bocconi – School of Management
39United StatesUniversity of Texas at Austin – McCombs School of Business
40United StatesUniversity of Florida – Hough Graduate School of Business
41GermanyUniversity of Mannheim – Mannheim Business School
42United StatesArizona State University – W. P. Carey School of Business
43United StatesRice University – Jesse H Jones Graduate School of Business
44United StatesOhio State University – Fisher College of Business
45United StatesWashington University in St Louis – Olin Business School
46AustraliaMacquarie Graduate School of Management
47United StatesUniversity of Maryland – Robert H Smith School of Business
48United StatesUniversity of Minnesota – Carlson School of Management
49United KingdomCranfield School of Management
50United StatesUniversity of Rochester – Simon Business School
51United StatesGeorgia Institute of Technology – Scheller College of Business
52United KingdomCity University – Cass Business School
53GermanyEuropean School of Management and Technology – ESMT Berlin
54SpainESADE Business School
55United StatesUniversity of Pittsburgh – Katz Graduate School of Business
56CanadaYork University – Schulich School of Business
57United StatesBoston University – Questrom School of Business
58United KingdomUniversity of Bath – School of Management
59CanadaWestern University – Ivey Business School
60United StatesHult International Business School
61United StatesUniversity of Wisconsin-Madison – Wisconsin School of Business
62United KingdomUniversity of Cambridge – Judge Business School
63United StatesPennsylvania State University – Smeal College of Business
64United StatesUniversity of Georgia – Terry College of Business
65United StatesUniversity of Southern California – Marshall School of Business
66United StatesSouthern Methodist University – Cox School of Business
67United KingdomDurham University – Durham University Business School
68United StatesTemple University – Fox School of Business
69SingaporeNanyang Technological University – Nanyang Business School
70Hong KongHong Kong University of Science and Technology – HKUST Business School
71United StatesUniversity of California at Davis – Graduate School of Management
72United StatesUniversity of Iowa – Henry B Tippie School of Management
73United StatesTexas Christian University – Neeley School of Business
74United KingdomUniversity of Edinburgh Business School
75FranceEMLYON – EMLYON Business School
76United KingdomUniversity of Strathclyde – Strathclyde Business School
77United KingdomLancaster University – Lancaster University Management School
78GermanyWHU – Otto Beisheim School of Management
79CanadaQueen's University – Smith School of Business
80FranceGrenoble Ecole de Management
81United StatesGeorge Washington University – School of Business
82United KingdomUniversity of Nottingham – Nottingham University Business School
83United KingdomUniversity of Oxford – Saïd Business School
84IrelandUniversity College Dublin – Michael Smurfit Graduate School of Business
85United StatesPurdue University – Krannert Graduate School of Management
86IrelandTrinity College Dublin – School of Business
87United StatesUniversity of Miami – School of Business Administration
88SwitzerlandUniversity of St.Gallen
89United StatesNorth Carolina State University – Poole College of Management
90United KingdomUniversity of Birmingham – Birmingham Business School
91MonacoInternational University of Monaco
92IndiaIndian Institute of Management Ahmedabad
93NetherlandsErasmus University – Rotterdam School of Management
94FranceAudencia Nantes – Audencia Nantes School of Management
95DenmarkCopenhagen Business School
96United StatesCase Western Reserve University – Weatherhead School of Management
97GermanyHHL Leipzig Graduate School of Management
98ChinaSun Yat-sen University – Sun Yat-sen Business School
99SingaporeNational University of Singapore – The NUS Business School
100United KingdomThe University of Liverpool – The University of Liverpool Management School
© The Economist Newspaper Limited, London (2016). See rankings for The Economist .
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.

The Financial Times

Distinctive emphasis:Internationalization and faculty quality

Individuals who are looking for a business school experience with international reach and want to learn from faculty at the forefront of their fields may be particularly interested in the FT Global MBA ranking.

The FT methodology weights 20 percent of a school’s ranking to indicators that reflect the international scope of its MBA program. The only other ranking that includes measures of internationalization in its methodology is The Economist, which weights it significantly less (8.75% in total).

Also weighted 20 percent in FT’s methodology are indicators related to faculty quality. Again, the only other ranking to include faculty and research indicators is The Economist, which gives it less than half the weight (8.75% in total).

Additional factors taken into account are salary (40% in total), career progress (6%), gender parity (5%), return on investment (3%), employment rate (2%), alumni opinion (2%), and career services rating (2%).

A total of 155 business schools took part in the 2018 FT Global MBA rankings.

How Does The Financial Times Determine Its Rankings?

The FT Global MBA rankings are calculated using a diverse mix of data collected from alumni and business schools.

Overall, the methodology is weighted 93 percent to fact-based criteria and 7 percent opinion-based criteria.

CategoryMetric NameObjectiveWeightDescription
SalarySalary todayYes0.2Average MBA alumni salary three years after graduation, adjusted for variation between sectors.
Salary increaseYes0.2Average difference in alumni pre-MBA salary and salary three years after graduation. Based half on absolute increase and half on percentage increase.
Return on investmentValue for moneyYes0.03Calculated using salary three years after graduation, time to degree, tuition and fees, and foregone wages while enrolled.
Career progressCareer progressYes0.03Calculated by changes in alumni job level and company size from pre-MBA to three years after graduation.
Aims achievedNo0.03A measure of the extent to which alumni fulfilled their goals or reasons for earning an MBA.
Career services ratingPlacement successNo0.02Alumni rating of the effectiveness of their school’s career services.
Employment rateEmployed at three monthsYes0.02Employment rate of the most recent MBA graduating class three months after graduation.
Alumni opinionAlumni recommendNo0.02Calculated according to alumni’s selection of three schools from which they would recruit MBA graduates.
Gender parityFemale facultyYes0.02Percentage of female faculty. Schools with 50:50 gender composition receive the highest possible score.
Female studentsYes0.02Percentage of female students currently enrolled in a school’s full-time MBA program. Schools with 50:50 gender composition receive the highest possible score.
Women on boardYes0.01Percentage of female members on the school’s advisory board. Schools with 50:50 gender composition receive the highest possible score.
InternationalizationInternational facultyYes0.04Calculated by citizenship diversity of faculty and the percentage whose citizenship differs from that of their business school.
International studentsYes0.04Calculated by citizenship diversity of current full-time MBA students and the percentage whose citizenship differs from that of their business school.
International boardYes0.02The percentage of the board whose citizenship differs from that of the country in which the business school is based.
International mobilityYes0.06Based on alumni citizenship and the countries where they have worked.
International course experienceYes0.03Calculated by the completion of exchanges, research projects, study tours, and company internships in countries other than where the school is based by the most recent MBA graduating class.
LanguagesYes0.01The number of extra languages required to complete a full-time MBA.
Faculty qualityFaculty with doctoratesYes0.05Percentage of full-time faculty with a doctorate degree.
PhD graduatesYes0.05The number of doctoral graduates from the past three years.
FT research rankYes0.1Based on the number of articles by full-time faculty in 45 internationally recognized academic and practitioner journals, weighted by faculty size.

How much do the The Financial Times rankings change year to year?

Average schools’ position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the FT rankings saw their ranking position change an average of +/- 6.9 positions. This is the second greatest average change among the five major publications.

Among schools ranked in the top 20 of the most recent FT ranking, their ranking position changed an average of +/- 2.8 positions from the previous edition. This is the second greatest average change in the top 20 among the five major publications.

publicationAverage Position Change among Top 20Average Position Change overall
Bloomberg2.22.9
The Economist4.97.6
Financial Times2.86.9
Forbes2.13.6
USNWR1.34.8

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 26 percent of schools included in both of the last two editions of the FT rankings saw their ranking position change ten or more positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.

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What Schools Does The Financial Times Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

A total of 155 business schools took part in the 2018 FT Global MBA rankings. All included programs must be internationally accredited, at least four years old, have a minimum of 30 graduates each year, and meet the minimum response rate of 20 percent for FT’s alumni survey. The top 100 schools are included in the published rankings.

<p>A total of 155 business schools took part in the 2018 FT Global MBA rankings.</p>

Who Uses the Financial Times Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in every world region except the United States and Asia rated FT as the most influential to their decision making.

The FT Global MBA ranking is the most widely used ranking publication among mba.com registrants in every world region except the United States.

CountryUsage RankingInfluence Ranking
Africa0.31
Asia0.412
Canada0.281
Central & South Asia0.441
E. Europe0.461
Latin America0.421
Middle East0.261
United States0.243
W. Europe0.371

* Based on data collected from mba.com registrants.

Date and Frequency

The FT Global MBA rankings are produced annually and published online in late January. Each ranking is titled with the year of its publication.

Ranking History

The Financial Times has been ranking international full-time MBA programs annually since 1999. Every edition of the rankings is available in the rankings archives on ft.com. The ranking methodology has been tweaked slightly over the years, but overall has remained relatively consistent.

Data Access

The complete FT Global MBA ranking, including all data, is publicly available on the Financial Times website . Users can explore the data with the interactive ranking table, download the full ranking as a PDF, and view ranked school’s locations on a map.

Additional Rankings

The Financial Times produces seven rankings annually. The methodologies used for each are similar. They are published at different times throughout the year.

Global MBA
Executive MBA
Masters in Management
Masters in Finance
Executive Education
European Business Schools
Online MBA

School Rankings

RankSalary Percentage IncreaseSalary Today (US$)CountrySchool
1114214742USStanford Graduate School of Business
2105177157France / SingaporeInsead
396190826USUniversity of Pennsylvania: Wharton
4109167897UKLondon Business School
5102192133USHarvard Business School
6118174153USUniversity of Chicago: Booth
7103177680USColumbia Business School
8168162858ChinaCeibs
998173095USMIT: Sloan
10104176167USUniversity of California at Berkeley: Haas
11126148480SpainIese Business School
12103168608USNorthwestern University: Kellogg
13100162143UKUniversity of Cambridge: Judge
14112158119ChinaHKUST Business School
15114166458USYale School of Management
16110170706USDartmouth College: Tuck
17123161029USCornell University: Johnson
18134143917SingaporeNational University of Singapore Business School
19101156876USDuke University: Fuqua
20119143542SpainEsade Business School
21105135858FranceHEC Paris
22125132288SingaporeNanyang Business School
23107153182USNew York University: Stern
2479156908SwitzerlandIMD
25107160487USUCLA: Anderson
26114153938USUniversity of Michigan: Ross
2799145537UKUniversity of Oxford: Saïd
28164148974IndiaIndian School of Business
29117120151ItalySDA Bocconi
30113141008USGeorgetown University: McDonough
31101175801IndiaIndian Institute of Management Ahmedabad
32110151257USUniversity of Virginia: Darden
33121128245ChinaUniversity of Hong Kong
34182121635ChinaShanghai Jiao Tong University: Antai
35114166651IndiaIndian Institute of Management Bangalore
3698125243UKAlliance Manchester Business School
3788121538NetherlandsRotterdam School of Management, Erasmus University
37116139456USUniversity of North Carolina: Kenan-Flagler
39173100003ChinaRenmin University of China School of Business
40108143151USCarnegie Mellon: Tepper
4177110264UKWarwick Business School
42175103032ChinaFudan University School of Management
43108122866ChinaCUHK Business School
4498148978USUniversity of Texas at Austin: McCombs
45118139189USRice University: Jones
4680121964UKCity University: Cass
47114142989USEmory University: Goizueta
4894132391USUniversity of Washington: Foster
49134112173SingaporeSingapore Management University: Lee Kong Chian
50107122709USWashington University: Olin
51129114470USArizona State University: Carey
5168118324UKImperial College Business School
5193113701S KoreaSungkyunkwan University GSB
54140131544USGeorgia Institute of Technology: Scheller
55119122704USPurdue University: Krannert
5599120908USUniversity of Maryland: Smith
57114127942USIndiana University: Kelley
58147105743USUniversity of Florida: Hough
5995137960USUniversity of Southern California: Marshall
6064115879SwitzerlandUniversity of St Gallen
6172121580UKCranfield School of Management
6168118260GermanyMannheim Business School
6359115909AustraliaAGSM at UNSW Business School
64118104306UKDurham University Business School
64114120245USUniversity of California at Irvine: Merage
6678108084AustraliaMelbourne Business School
67101130706USBoston College: Carroll
68131130904USBrigham Young University: Marriott
68130117631USOhio State University: Fisher
7095104106UKLancaster University Management School
71107125289USWisconsin School of Business
72135109486USMichigan State University: Broad
7379113420UKUniversity of Edinburgh Business School
73109127483USVanderbilt University: Owen
7579107505FranceEdhec Business School
75119119673USPennsylvania State University: Smeal
77117125853USUniversity of Notre Dame: Mendoza
78117139244IndiaIndian Institute of Management Calcutta
788699204CanadaMcGill University: Desautels
8075113470PortugalThe Lisbon MBA
8199131611USBabson College: Olin
82133105732USUniversity of Pittsburgh: Katz
83125119410USUniversity of Rochester: Simon
84118116530USUniversity of Connecticut School of Business
8591117480USUniversity of Minnesota: Carlson
86103123221USBoston University: Questrom
867797210CanadaUniversity of Toronto: Rotman
8857106581GermanyESMT Berlin
89112118144USRutgers Business School
9074103975CanadaWestern University: Ivey
91104122109USSMU: Cox
9292100049UKLeeds University Business School
9310897708USUniversity of Texas at Dallas: Jindal
9463102643IrelandUniversity College Dublin: Smurfit
9454112794GermanyWHU Beisheim
9648102201FranceEssec Business School
97109103952USUniversity of San Diego School of Business Administration
988691814UKUniversity of Strathclyde Business School
995992517FranceEMLyon Business School
1004491807DenmarkCopenhagen Business School
1006693461UKUniversity of Bath School of Management
FT Source: FT Staff 2018 Global MBA Rankings 2018 FT.com 24 January 2018. Used under license from The Financial Times. All Rights Reserved. See rankings for The Financial Times .
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.

Forbes

Distinctive emphasis:Return on Investment

Prospective MBA candidates who want to compare business schools by the return alumni see on their investment will be particularly interested The Best Business Schools 2017 rankings from Forbes

The Forbes methodology is based solely on the return on investment achieved by alumni five years following graduation. The only other ranking to include return on investment as a part of its methodology is the Financial Times, which weights it only 3 percent.

The Forbes methodology is based solely on the return-on-investment achieved by alumni five years following graduation.

How Does Forbes Determine Its Rankings?

TheForbes business school rankings are calculated based solely on data collected from alumni.

100 percent of the Forbes methodology is weighted to fact-based criteria.

CategoryMetric NameObjectiveWeightDescription
Return on investment5-year MBA gainYes1Net cumulative amount the typical alumni would have earned after five years by getting their MBA versus staying in their pre-MBA career.

How much do the Forbes rankings change year to year?

Average schools’ position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the Forbes rankings saw their ranking position change an average of +/- 3.6 positions. This is the second smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent Forbes ranking, their ranking position changed an average of +/- 2.1 positions from the previous edition. This is the second smallest average change among the five major publications for schools in the top 20.

publicationAverage Position Change among Top 20Average Position Change overall
Bloomberg2.22.9
The Economist4.97.6
Financial Times2.86.9
Forbes2.13.6
USNWR1.34.8

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 67 percent of schools included in both of the last two editions of the Forbes rankings saw their ranking position change four or fewer positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.

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What Schools Does Forbes Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

For the 2017 rankings, Forbes surveyed 17,500 alumni from more than 100 business schools and had an overall response rate of 25 percent. A minimum alumni response rate of 15 percent is required for schools to be included in the ranking. Also excluded are schools where alumni had a negative ROI after five years.

In total for 2017, 70 schools appear in their ranking of US two-year MBA programs and 17 schools appear in their ranking of international one-year MBA programs.

A minimum alumni response rate of 15 percent is required for schools to be included in the ranking.

Who Uses the Forbes Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in Eastern Europe rated Forbes the second most influential to their decision-making. Registrants in Central & South Asia, Western Europe, and Latin America rated it as the third most influential.

Forbes is the second most frequently used ranking publication among mba.com registrants in Eastern Europe, and is tied for the third most used ranking publication among mba.com registrants in the United States.

CountryUsage RankingInfluence Ranking
Africa0.224
Asia0.384
Canada0.234
Central & South Asia0.384
E. Europe0.342
Latin America0.353
Middle East0.214
United States0.244
W. Europe0.253

* Based on data collected from mba.com registrants.

Date and Frequency

Forbes’ Best Business Schools rankings are produced annually and published online in September. Each ranking is titled with its publication year.

Ranking History

Forbes first began ranking business schools in 1999. The organization does not offer access to historical rankings or indicators. Since its first edition, the Forbes methodology has been centered on the return-on-investment of a full-time two-year MBA degree.

Data Access

The complete MBA rankings are available on the Forbes website . Users can filter the rankings by 5-year MBA gain, years to payback, pre-MBA salary, 2016 salary, tuition, and GMAT score.

Users can also view each school’s individual profile, which contains other pertinent information including enrollment, total applicants, acceptance rate, median years of work experience, top employers, job placement by function, and more.

Additional Rankings

In addition to its biennial ranking of US full-time two-year MBA programs, Forbes also publishes an biennial ranking of the top international one-year MBA programs. These rankings are also published online in September and the same return-on-investment oriented methodology is employed.

School Rankings

Rank2016 SalaryPre-MBA Salary5-Year MBA GainLocationSchool
1$225 K$82 K$97.1 KPhiladelphia, PAPennsylvania (Wharton)
2$215 K$80 K$92.5 KPalo Alto, CAStanford
3$212 K$80 K$89.6 KBoston, MAHarvard
4$195 K$80 K$84.8 KEvanston, ILNorthwestern (Kellogg)
5$200 K$76 K$81.2 KHanover, NHDartmouth (Tuck)
6$203 K$75 K$75.9 KNew York, NYColumbia
7$195 K$81 K$74.8 KChicago, ILChicago (Booth)
8$201 K$81 K$72.5 KCambridge, MAMIT (Sloan)
9$212 K$93 K$72.4 KBerkeley, CAUC Berkeley (Haas)
10$172 K$67 K$70.4 KIthaca, NYCornell (Johnson)
From Forbes , 2017 © 2017 Forbes. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of the Content without express written permission is prohibited. See rankings for Forbes .
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.

U.S. News & World Report

Distinctive emphasis:Academic selectivity and business school leader opinion

Candidates who want to earn an MBA in the United States and place a high value on the academic selectivity of programs and reputation among business school leaders may be particularly interested in the Best Business Schools rankings from U.S. News & World Report.

The USNWR methodology weights 25 percent of a school’s ranking on its academic selectivity — average GMAT and GRE scores, average undergraduate GPA, and acceptance rate. The only other ranking to feature academic selectivity as a part of its methodology is The Economist, which weights it significantly less (8.75% in total).

Another 25 percent of a school’s ranking is weighted to the results of a survey of business school deans and directors. USNWR is the only ranking to include a measure of reputation among business school leaders as a part of its methodology

Additional factors taken into account are employment rate (21% total), employer opinions (15%), and salary (14%).

USNWR is the only ranking to include a measure of reputation among business school leaders as a part of its methodology.

How Does U.S. News & World Report Determine Its Rankings?

The U.S. News Best Business Schools rankings are calculated using a mix of data collected from recent graduates, business schools, business school leaders, and corporate recruiters.

Overall, the methodology is weighted 60 percent to fact-based criteria and 40 percent to opinion-based criteria.

CategoryMetric NameObjectiveWeightDescription
Business school leader opinionPeer assessment scoreNo0.25Opinion-based data collected from a survey of business school deans and directors. Respondents rate other schools’ programs on a scale of 1 to 5.
Employer opinionRecruiter assessment scoreNo0.15Opinion-based data collected from a survey of corporate recruiters and company contacts. Respondents rate school’s programs on a scale of 1 to 5.
SalaryMean starting salary and bonusYes0.14Starting salary and signing bonus data collected from the most recent graduating class of full-time MBA programs.
Employment rateEmployment rate at graduationYes0.07Employment rate calculated for the most recent class of full-time MBA graduates based on employment status on graduation day.
Employment rate three months after graduationYes0.14Employment rate calculated for the most recent class of full-time MBA graduates based on employment status approximately three months after graduation.
Academic selectivityMean GMAT and GRE scoresYes0.1625The average GMAT and GRE quantitative and verbal scores of the most recent full-time MBA entering class.
Mean undergraduate GPAYes0.075The average undergraduate grade-point average of the most recent full-time MBA entering class.
Acceptance rateYes0.0125The percentage of applicants to the most recent full-time MBA entering class who were accepted for admission.

How much do the U.S. News & World Report rankings change year to year?

Average schools’ position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the USNWR rankings saw their ranking position change an average of +/- 4.8 positions. This is the third smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent USNWR ranking, their ranking position changed an average of +/- 1.3 positions from the previous edition. This is the smallest average change among the five major publications for schools in the top 20.

publicationAverage Position Change among Top 20Average Position Change overall
Bloomberg2.22.9
The Economist4.97.6
Financial Times2.86.9
Forbes2.13.6
USNWR1.34.8

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 62 percent of schools included in both of the last two editions of the USNWR rankings saw their ranking position change four or fewer positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.

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What Schools Does U.S. News & World Report Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

All US-based business schools that offer business master’s programs accredited by the Association to Advance Collegiate Schools of Business International (AACSB) are invited to participate.

The top three-fourths of these programs are numerically ranked. The bottom fourth are labeled as “rank not published” and are listed alphabetically after the ranked programs. Programs that did not provide enough data to be included or did not have a full-time program to be included are labeled as “unranked” and are listed alphabetically after the “rank not published” programs.

The top three-fourths of these programs are numerically ranked.

Who Uses the U.S. News & World Report Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants living in the United States rated USNWR as the most influential to their decision-making. The United States is the only world region in which the USNWR rankings are viewed as the most influential. It is rated least influential in six of nine world regions.

USNWR is the most widely used ranking publication among mba.com registrants living in the United States, where about 1 in 3 report using it.

CountryUsage RankingInfluence Ranking
Africa0.253
Asia0.415
Canada0.245
Central & South Asia0.45
E. Europe0.325
Latin America0.365
Middle East0.235
United States0.31
W. Europe0.264

* Based on data collected from mba.com registrants.

Date and Frequency

The U.S. News Best Business Schools rankings are produced annually and publish online in mid-March. Each ranking is titled with the following year (i.e., the rankings published in March 2018 are titled the 2019 rankings).

Ranking History

USNWR has been ranking US full-time MBA programs annually since 1990. The organization does not offer access to historical rankings or indicators. The ranking methodology has changed little since its first edition.

Data Access

U.S. News & World Report allows free public access to their entire full-time MBA rankings, meaning visitors to their site can view each included school’s rank. To view data beyond full-time enrollment and tuition, as well as their full specialty rankings, requires the purchase of one year of unlimited “Business School Compass Access” for $29.95.

Additional Rankings

U.S. News & World Report produces rankings for a variety of additional MBA program types and specialties. These additional rankings are based only on survey responses from business school deans and directors, with the exception of the part-time MBA, Online MBA, and Online Graduate Business rankings. These specialty are also produced annually, and released concurrently with the Best Business Schools rankings in March.

MBA program types:

Executive MBA, Part-time MBA, Online MBA, Online Graduate Business

MBA Specialties:

Accounting, Entrepreneurship, Finance, Information Systems, International Business, Management, Marketing, Nonprofit, Production/Operations, Supply Chain/Logistics

School Rankings

U.S. News and World Report has not granted permission for their 2019 rankings (published March 2018) to be posted on our website. You can access their full rankings here .

You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.

©2002-2018, Graduate Management Admission Council® (GMAC®).
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Online MBA Today

The Latest Online MBA News and Reviews

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Top 50 No-GMAT Online MBA Programs 2018

This is a comprehensive ranking of the very best online Master’s of Business Administration that either offer absolute GMAT waivers or have no GMAT or GRE requirement. With this initial requirement in mind, each school was then assessed by their tuition rates, accreditation, early-career salary, and prestige. Let the following ranking of the nation’s best Non-GMAT online MBA programs assist you in finding the perfect program for your graduate studies.

With the high financial and time-prep costs of the GMAT , some students are interested in programs which feature no GMAT or GRE test score requirements in order to be accepted into their programs. This is a particularly attractive feature for students who may struggle with performing successfully on standardized tests. With factors like this in mind, many of the nation’s top business schools now offer its applicants the option of not having to take the GMAT. Some schools waive the GMAT requirement based on a candidate’s previous academic performance and/or professional work experience, and some business schools have deleted the GMAT from its list of admissions requirements all together.

For more information about other online MBA programs, check out our article on the  top MBA specializations  and explore our other  Online MBA Rankings .

Note: A detailed explanation of the methodology we used to determine the best No-GMAT online MBA programs can be found at the end of the ranking.

#50 Baldwin Wallace University School of Business – Berea, Ohio


An online Master’s of Business Administration, with a specialization in Management and no GMAT requirement for qualifying students, is offered at Baldwin Wallace University’s School of Business. This 38-credit hour program is priced at $921 per credit hour making the total cost of tuition $34,998 for this highly-accredited program.

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The School of Business at Baldwin Wallace University features an online Master’s of Business Administration with a specialization in Management . This 38-credit hour program is priced at $921 per credit hour making the total cost of tuition $34,998. Some students of the School of Business have reported an average early career salary of $61,300 after graduating revealing a strong return on the investment of education. “The management track is designed from a general management perspective and is applicable across functions and industries. Coursework in this track includes financial management, project management and an elective class that can be chosen from any of the other MBA specialization tracks.” Interested applicants with a cumulative undergraduate grade point average of 3.0 or better can waive the required GMAT test score. An advising session with an MBA director at the business school is required for this credit. U.S. News & World Report has recently recognized the business school as offering the 95th best online MBA in the nation.

Under the official school motto of “Creating contributing, compassionate citizens of an increasingly global society”, Baldwin Wallace University was named when the fledgling Baldwin University merged with German Wallace College in 1913. Today the school features over 80 majors and offers degrees at the undergraduate and graduate levels to the 3,933 students currently enrolled there. This four-year, private not-for-profit institution of higher learning features a main campus in Berea, Ohio. Receiving its accreditation through the Higher Learning Commission, Baldwin Wallace is home to the WBWC radio station which enjoys local notoriety as one of the most popular stations in the Cleveland area. Established in 1845, the school still has strong ties to the United Methodist Church.

Estimated Program Tuition: $34,998

#49 Portland State University School of Business Administration – Portland, Oregon


The School of Business Administration at Portland State University offers an online Master’s of Business Administration with a specialization in Healthcare with no GMAT requirement for qualifying students. U.S. News & World Report has recently recognized the School of Business Administration as offering the 65th best online MBA in the nation.

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Portland State University features an online Master’s of Business Administration with a specialization in Healthcare at its School of Business Administration. Qualifying students, including those who hold an MD, DO, DDS or DMD degree and have at least five years professional experience beyond the doctoral degree, can automatically waive the GMAT/GRE requirement. The School of Business Administration has recently been recognized as the 65th best online MBA by U.S. News & World Report. This 72-credit hour program is priced at $1,037 making the entire tuition cost $74,664. An average early career salary of $66,600 has been reported by some students of the business school after graduation revealing a solid return on the investment of education. The six major thematic areas covered in this degree include Understanding the Healthcare Industry, Leadership and Management in Healthcare, Financial Management in Healthcare, Operations and Quality in healthcare, Marketing, Business Planning and Strategy, and Application Projects and Capstone. The School of Business Administration receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business.

With a main campus located on 50 acres in the southwest region of downtown Portland, Oregon, Portland State University is a four-year, public university offering undergraduate, graduate, and doctoral degrees to the 26,627 students currently enrolled there. Receiving its regional accreditation through the Northwest Commission on Colleges and Universities, PSU was established in 1946 as the Vanport Extension Center by Stephen Edward Epler in an effort to offer higher education in the Portland area for returning Word War II veterans taking advantage of the G.I. Bill, which had been passed just two years before. With a high priority for environmental sustainability, a number of buildings on the school’s campus are Leadership in Energy and Environmental Design (LEED)-certified and Portland State has been recognized as one of the eco-friendliest colleges in the nation.

Estimated Program Tuition: $74,664

#48 Colorado Technical University School of Business & Management – Colorado Springs, Colorado


Colorado Technical University offers an online Master of Business Administration at its School of Business & Management. Besides an accessible total tuition fee of $28,080, this program features no GMAT/GRE requirement for its applicants.

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The School of Business & Management at Colorado Technical University features an online Master’s of Business Administration with an emphasis in Accounting, Entrepreneurship, Finance, Global Leadership, Healthcare Management, Human Resource Management, Logistics, Marketing, Project Management, Supply Chain Management, or Technology Management. This 48-credit hour program is priced at $585 per credit hour making the total cost of tuition $28,080. The School of Business & Management, which receives its business accreditation through the Accreditation Council for Business Schools and Programs, was recognized as a Tier One program among North American universities by CEO Magazine in 2015. Divided between 32 credit hours of core courses and 16 hours of concentration-specific courses, the core courses for this program include Strategic Management in Dynamic Environments, Applied Managerial Finance, Leadership and Ethical Decision-Making, Strategic Human Capital Management, and Applied Managerial Marketing. Applicants with active duty military status, transferring credits from other qualifying institutions, or eligibility for a Corporate Alliances Grant, can save on tuition fees for this program. CTU also offers a tuition reimbursement plan, grants, and scholarships. The School of Business and Management does not require applicants to submit GMAT/GRE scores to be considered for acceptance. U.S News & World Report has recently ranked the School of Business & Management as having the 160th best MBA program in the nation.

With two main campuses, one in Colorado Springs and one in Denver, Colorado Technical University is a four-year, not-for-profit university which receives its regional accreditation through the North Central Association of Colleges and Schools, The Higher Learning Commission. While over 90% of the student body completes coursework through online education, the school offers degrees at the associate, undergraduate, graduate, and doctoral levels to the 25,548 students currently enrolled there. CTU was founded in 1965 as Colorado Technical College with the primary focus of educating former military personnel in technical and vocational fields of study. Thirty years later the school achieved its university status and was renamed Colorado Technical University. Most the school’s funding is provided by the US government which includes $33 million from GI Bill funds and nearly $3 million from the Department of Defense.

Estimated Program Tuition: $28,080

#47 American University Kogod School of Business – Washington, District of Columbia


American University’s Kogod School of Business features an online Master’s of Business Administration with a concentration in Marketing, Finance, Cybersecurity, International Business, Business Analytics, or Consulting. While some students of the business school have reported an average early career salary of $75,800, this well-accredited, 48-credit hour program features no GMAT/GRE requirements for acceptance.

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An online Master’s of Business Administration with a focus in Marketing, Finance, Cybersecurity, International Business, Business Analytics, or Consulting is offered at American University’s Kogod School of Business. This 48-credit hour program is priced at $1,642 per credit hour making the total cost of tuition $78,816. An average early career salary of $75,800 has been reported by some students after graduating from the business school showing a healthy return on the investment of education. The Kogod School of Business has recently been recognized as offering the 127th best online MBA in the nation by U.S. News & World Report. Receiving its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, the Kogod School of Business has designed this 100% online MBA with a number of specializations to be completed in as little as one calendar year. This 48-credit hour degree is divided between 12 core courses, three elective courses, and two immersions, offering students a balanced academic experience between rigorous curriculum and real-life business experience. Core courses within this program include Brand Strategy, Business Law, Ethics, & Governance, Financial Accounting, Financial Management, Financial Statement Analysis, Forensic Accounting: Fraud Examination and Litigation Support, Integrated Marketing Communication, and International Finance. Interested applicants lacking the GMAT will be pleased to know GMAT/GRE scores are not required for acceptance into the online MBA program.

The campus of American University is situated in the Tenleytown area of northwest Washington D.C. The school was originally chartered in 1893 by an Act of Congress under the approval of President Benjamin Harrison. The first classes began meeting in 1914 after years of fundraising. The original enrollment of the school was 28 students. While U.S. News & World Report has labeled the university as a “more selective” institution of higher learning, American University’s admission office accepted 35% of its applicants in 2015 and only 25.7% of its total applicants in 2016. American University is a four-year, private not-for-profit university offering degrees at the associate, undergraduate, graduate, and doctoral levels to 13,346 students currently enrolled there. American University receives its regional accreditation through the Middle States Commission on Higher Education and reports a positive graduation rate of 81%.

Estimated Program Tuition: $78,816

#46 Southern Illinois University, Carbondale College of Business – Carbondale, Illinois

An online Master’s of Business Administration is offered, with no GMAT requirement for qualifying students, at Southern Illinois University, Carbondale’s School of Business. While the total tuition fee for this program is $36,000, some students of the business school have reported an average early career salary of $48,900 upon graduation, revealing a strong return on the investment of education.

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The School of Business at Southern Illinois University, Carbondale features an online Master’s of Business Administration offered as a general degree or with a focus in Agricultural Economics. This 42-credit hour program is delivered as a structured, cohort-based modular degree plan which allows students the opportunity to complete all coursework in just 23 months. While the total tuition fee for this degree is $36,000, that price includes all course textbooks and course-specific supplemental reading materials. Some students of the School of Business have reported an average early career salary of $48,900 revealing a strong return on the investment of education. Receiving its excellent business accreditation through the Association to Advance Collegiate Schools of Business, the School of Business has recently been recognized by U.S. News & World Report as offering the 36th best online Master’s of Business Administration in the nation. Core courses within this degree include Brand Management, Business Communication for MBA Professionals, Critical Issues for Business, Seminar on Career Effectiveness, Advanced Seminar in Leadership Development, Managerial Accounting and Control, Entrepreneurship Theory and Practice, Business Ethics, and Operations Management. Applicants with five or more years of professional work experience following an undergraduate degree or those with a master’s degree from an accredited university are not required to submit GMAT or GRE test scores for acceptance into this program.

Featuring the school motto of Deo Volente (“God Willing”), Southern Illinois University, Carbondale is a four-year, public flagship university of the Southern Illinois University system. The school currently offers degrees at the associate, undergraduate, graduate, and doctoral levels to the 15,987 students enrolled there. Home of the Salukis, the 16 men’s and women’s varsity teams at SIU compete at the NCAA Division I level as members of the Missouri Valley Conference. While the saluki is a royal dog of ancient Egypt, the southern Illinois area is commonly referred to as “little Egypt.”

Estimated Program Tuition: $36,000

#45 Norwich University College of Graduate and Continuing Studies – Northfield, Vermont


The College of Graduate and Continuing Studies at Norwich University offers an online Master’s of Business Administration with no GRE/GMAT requirement. Priced at $792 per credit hour, this 36-credit hour program features an affordable total tuition rate of just $28,512.

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Norwich University’s College of Graduate and Continuing Studies features an online Master’s of Business Administration with a specialization in Project Management, Construction Management, Energy Management, Finance, Organizational Leadership, or Supply Chain Management and Logistics. Graduate students interested in pursuing this degree will be interested to know the business school requires no GMAT or GRE scores to be submitted in order to be considered for acceptance into this program. This 36-credit hour program is priced at $792 per credit hour making the total cost of tuition an accessible $28,512. An average early career salary of $50,100 has been reported by some students of the College of Graduate and Continuing Studies showing a healthy return on the investment of education. Core courses within this program include Strategic Resources management, Managerial Finance, Strategic Marketing and Operations Management, International Business Management, Leading Change in organizations, Strategic Management, Project Management Techniques, Tools and Practices, and Supply Chain Management Strategy, Planning and Operations. U.S. News & World report has recently recognized the business school, which receives its accreditation through the ACBSP, as the 134th best online MBA program in the nation.

With a main campus in Northfield, Vermont, Norwich University is a four-year, private not-for-profit institution of higher learning which currently offers undergraduate and graduate degrees to the 4,219 students enrolled there. Receiving its regional accreditation through the New England Association of Schools and Colleges, Commission on Institutions of Higher Education, Norwich is the oldest private military college in the United States. The university got its start in 1819 when Captain Alden Partridge, former superintendent of West Point, returned to his native state of Vermont to plant the American Literary, Scientific and military Academy. Many of the educational principals Partridge created were used in subsequent military schools including The Citadel. While the school colors are maroon and gold, the 18 men’s and women’s varsity sports teams at Norwich University compete at the NCAA Division II level within the Great Northeast Athletic Conference.

Estimated Program Tuition: $28,512

#44 Bentley University Graduate School of Business – Waltham, Massachusetts


An online Professional Master’s of Business Administration is featured at the Graduate School of Business at Bentley University. All Bentley alumni graduating with an undergraduate degree within the last five years are not required to submit GMAT and GRE test scores for acceptance into this program.

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Bentley University offers an online Professional Master’s of Business Administration with a specialization choice of Accountancy, Business Analytics, Economics of Financial Markets, Finance, Information Systems and Technology, Law and Taxation, Leadership, or Marketing at the Graduate School of Business. Qualifying students can waive up to seven courses making this degree a 10-course part-time Professional MBA priced at $4,445 per three-credit course making the total cost of tuition $44,450. Some graduates of the business school have reported an average early career salary of $82,000 showing a healthy return on the investment of education. Receiving its excellent business accreditation through the Association to Advance Collegiate Schools of Business, the Graduate School of Business offers students the chance to work through a dual degree with the added coursework of a master’s at Bentley. “Credits from four courses apply to both degrees, so you can earn the valuable extra credential by completing six additional courses. Tuition for the Professional MBA program does not include Master of Science courses; they are charged at the regular per-course rate.” Core courses within the part-time Professional MBA include Strategic Information Technology Alignment, Business Process Management, Law, Ethics and Social Responsibility, Designing for the Value Chain, Global Strategy, and Leading Responsibly. Applicants for this program are encouraged to submit a completed application form with essays, a current resume, two letters of recommendation, all official transcripts, GMAT or GRE score, and $50 application fee in the admissions office. All Bentley alumni graduating within five years of applying for an MBA are not required to submit a GMAT or GRE test score.

Reporting an impressive graduation rate of 89%, Bentley University is home to the Falcons who wear the official school colors of blue and white while competing at the NCAA Division II level within the Northeast-10 Conference. The school is a four-year private, not-for-profit institution of higher learning located in Waltham, Massachusetts, just ten miles from Boston. While Bentley currently oversees 5,506 students seeking degrees at the associate, undergraduate, graduate and doctoral levels, it receives its regional accreditation through the New England Association of Schools and Colleges, Commission on Institutions of Higher Education.

Estimated Program Tuition: $44,450

#43 Eastern Illinois University School of Business – Charleston, Illinois


An online Master’s of Business Administration is featured at the School of Business at Eastern Illinois University. While this 33-credit hour program features an accessible tuition rate of just $19,800, qualifying applicants can also benefit by waiving a GMAT test score submission during the acceptance process.

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The School of Business at Eastern Illinois University offers an online Master’s of Business Administration as a general degree or with an emphasis in Applied Management, Geographic Information Sciences (Computer Systems with Geographical Data), or Accountancy. This 33-credit hour program is priced at $600 per credit hour making the total cost of the program an attractive $19,800. An average early career salary of $41,500 has been reported by some students after graduating from the School of Business showing a healthy return on the investment of education. Students needing flexibility and seeking an accelerated option can graduate in just two calendar years taking two courses for six consecutive semesters. While the School of Business receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, core courses within this degree include Organizational Behavior and Group Dynamics, Operations Management, Management Simulation, Quantitative Modeling, Supply Chain and Logistics Management, Systems Security, Project Management, and Accounting from a Management Perspective. Applicants with the proper academic qualifications can waive the GMAT and GRE test score requirements during the application process.

Eastern Illinois University is a four-year, public university currently overseeing 7,415 students seeking degrees at the undergraduate and graduate levels. Wearing the school’s official colors of blue and grey, the men’s and women’s varsity sports teams at Eastern Illinois compete at the NCAA Division I level as members of the Ohio Valley Conference. The school’s mascot is Billy the Panther. Established as the Eastern Illinois Normal School in 1895, the university was first founded in order to train educators as public-school teachers in the region. The first classes were held on a 40-acre piece of land in Charleston, Illinois. The original student enrollment consisted of 125 students and 18 college staff. The school receives its regional accreditation through the Higher Learning Commission.

Estimated Program Tuition: $19,800

#42 Suffolk University Sawyer Business School – Boston, Massachusetts


An online Master’s of Business Administration is featured at the Sawyer Business School at Suffolk University. Qualifying applicants, including those who maintained a 3.4 GPA throughout their undergraduate career coupled with at least two years of professional work experience, can waive all GMAT and GRE test score submissions during the application process.

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The Sawyer Business School at Suffolk University offers an online Master’s of Business Administration with a focus in Accounting, Entrepreneurship, Finance, International Business, Marketing, or Strategic Management. The business school encourages all students interested in applying for this online MBA to complete an online form with a $50 application fee, submit official transcripts, goal-statement and professional resume, one letter of recommendation, GMAT or GRE test results, and to be prepared for a possible admission interview conducted by a Sawyer Business School representative. Undergraduate students who maintained a cumulative GPA of 3.4 and who have at least two years of professional work experience, can waive all GMAT and GRE test score submissions during the admissions process. This 49-credit hour program is priced at $1,424 per credit hour making the total cost of tuition $689,776. An average early career salary of $75,300 has been reported by some graduates of the business school revealing a healthy return on the investment of education. The Sawyer Business School, which receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business, has recently been recognized by QS Distance as offering the 35th best online MBA program on the planet.

Recently relocating its main campus from the historic campus in Beacon Hill into the middle of downtown Boston at 20 Somerset Street, Suffolk University has been able to give its students even greater access to the many cultural and historical attractions the city of Boston delivers. Suffolk was established in 1906 by Boston lawyer, Gleason Archer with an aim to “serve ambitious young men who are obliged to work for a living while studying law.” Receiving its regional accreditation through the New England Association of Schools and Colleges and Commission on Institutions of Higher Education, the school today exists as a four-year, private not-for-profit university overseeing 7,461 students seeking degrees at the associate, undergraduate, graduate, and doctoral levels. Over nine out of ten students attending Suffolk receive some form of financial aid, most through grants or scholarships.

Estimated Program Tuition: $69,776

#41 Lawrence Technological University College of Management – Southfield, Michigan


An online Master’s of Business Administration, with no GMAT requirement for qualified students, is offered in the College of Management at Lawrence Technological University. The College of Management, which receives its excellent business accreditation through the IACBE and ACBSP, has recently been recognized by U.S. News & World Report as offering the 142nd best online MBA in the nation.

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The College of Management at Lawrence Technological University features an online Master’s of Business Administration with an emphasis in Information Technology or Project Management with no GMAT requirement for qualified students. This 36-credit hour program is priced at $960 per credit hour making the total cost of tuition an accessible $34,560. Some students of the business school have reported an average early career salary of $57,800 showing a strong return on the investment of education. Applicants holding a master’s degree or who have been previously admitted to a master level program are not required to submit a GMAT test score in order to be accepted into this program. A GMAT is not required for applicants who hold an undergraduate degree and who maintained a minimum GPA of 3.0 for undergraduate course work. The College of Management, which receives dual business accreditation through the International Assembly for Collegiate Business Education and the Accreditation Council for Business School and Programs, has recently been recognized by U.S. News & World Report as offering the 142nd best online MBA program in the country. The curriculum for this 100% online MBA has been designed to be completed in just two years. Core courses within this degree include Managerial Accounting, Global Business Economics, Financial Management, Corporate Finance, Global Leadership, Strategic Marketing Management, Operations and Supply Chain Management, and Enterprise Information Technology.

Operating under the school motto of “Theory and Practice”, Lawrence Technological University is a four-year, private not-for-profit institution of higher learning featuring a main campus in Southfield, Michigan. Currently offering degrees at the associate, undergraduate, graduate, and doctoral levels to the 3,309 students enrolled there, LTU is accredited by the Higher Learning Commission. The school was established in 1932 by Russell Lawrence with just a few hundred students and small faculty. The original school building was a leased property owned by henry Ford just next to a huge manufacturing warehouse on Woodward Avenue in Michigan.

Estimated Program Tuition: $34,560

#40 New Jersey Institute of Technology Martin Tuchman School of Management – Newark, New Jersey


An online Master’s of Business Administration is offered at the New Jersey Institute of Technology’s School of Management. Interested candidates holding an undergraduate degree with 2.8 GPA, master’s, or PhD are eligible to waive the GMAT/GRE requirement during the acceptance process.

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The Martin Tuchman School of Management at New Jersey Institute of Technology features an online MBA with a specialization in Management Information Systems, Marketing, or Finance. This 48-credit hour program is priced at $1,248 per credit hour making the total cost of tuition $59,904. An average early career salary of $69,700 has been reported by some students of the business school after graduation revealing a strong return on the investment of education. The majority of students in this program sign up for two classes each semester and the program is delivered in 8 semesters lasting 15 weeks each. The Martin Tuchman School of Management, which receives its business accreditation through the Association to Advance Collegiate Schools of Business, has recently been recognized as offering the 167th best online MBA in the nation by U.S. News & World Report. 30 credits of this 48-credit 100% online MBA are core courses including Management Accounting, Managerial Economics, Corporate Finance I, Organizational Behavior, Decision Analysis, New Venture Management, and International Business while 12 are concentration-intensive. The final six hours of capstone courses for this degree include Corporate Governance and Strategic Management. Interested candidates with an undergraduate degree with 2.8 GPA, master’s, or PhD are eligible to waive the GMAT/GRE requirement during the acceptance process.

Reporting a student-to-faculty ratio of 18 to one and a graduation rate of 61% among its students, New Jersey Institute of Technology receives its regional accreditation through the Middle States Commission on Higher Education. The school was established as Newark Technical School in 1881. Today the college exists as a four-year, public school with a main campus in Newark, New Jersey and is home to nearly 50 laboratories and education centers with 120+ business incubators, where many research breakthroughs have been achieved. While BestColleges.com names the school as one of the best in the nation to have a low student loan default rate, NJIT currently oversees 11,317 students seeking degrees at the undergraduate, graduate, and doctoral levels.

Estimated Program Tuition: $59,904 

#39 Liberty University School of Business – Lynchburg, Virginia


Liberty University’s School of Business offers a highly recognized online Master’s of Business Administration. Interested applicants lacking GMAT or GRE scores will be pleased to know Liberty does not require them for acceptance into this program.

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The School of Business at Liberty University features an online Master’s of Business Administration with an emphasis in Accounting, American Legal Studies, Criminal Justice Administration, Finance, Healthcare Management, Human Resources, International Business, International Legal Studies, Leadership, Marketing, Nonprofit Leadership and Management, Project Management, Public Administration, Public Relations, Strategic Management, Supply Chain Management, or Logistics. This 45-credit hour program is priced at $615 per credit hour making the total cost of tuition an accessible $25,425. Some students of the School of Business have reported an average early career salary of $53,600 after graduating revealing a strong return on the investment of education. The School of Business at Liberty, recently recognized as offering the 127th best online MBA in the nation by U.S. News & World Report, receives its exemplary business accreditation through the Accreditation Council for Business Schools and Programs.

The School of Business has designed this 100% online program to train graduate students for the career fields of global management, cultural advising, international transportation and shipping, missions ministry, tour industry, and federal, state, and local government specialty. Applicants for this program are encouraged to submit an online application with $40 fee, copies of unofficial transcripts, and proof of an accredited undergraduate degree with a cumulative 3.0 GPA into the admissions office to be considered. There are no GMAT or GRE test score requirements for acceptance into this program.

Home of the Flames, the men’s and women’s varsity teams at Liberty University wear the official school colors of blue and red while competing at the NCAA Division I level as members of the Big South Conference. Liberty was established in 1971 as Lynchburg Baptist College by author, pastor, and televangelist Jerry Falwell. The university is a four-year, private not-for-profit Christian university located in Lynchburg, Virginia. Liberty obtained university status in 1984 and is widely known as the largest evangelical Christian university in the world. Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, the school currently offers associate, undergraduate, graduate, and doctoral degrees to the 75,756 students currently enrolled there.

Estimated Program Tuition: $25,425

#38 Cleveland State University Monte Ahuja College of Business – Cleveland, Ohio


Cleveland State University’s Monte Ahuja College of Business offers an online Master’s of Business Administration with no GMAT requirement for qualified students. The business school, which receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, has recently been recognized as featuring the 47th best in the nation online MBA by U.S. News & World Report.

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Cleveland State University features an online Master’s of Business Administration with no GMAT for qualified students at the Monte Ahuja College of Business. Tuition for this 34-credit hour degree is $35,000 and includes all resources needed for the program. An average early career salary of $55,100 has been reported by some students upon graduating from the business school revealing a solid return on the investment of education. While the Monte Ahuja College of Business receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, it has also recently been recognized as offering the 47th best online MBA in the nation by U.S. News & World Report. While this entire program has been designed to be completed in as little as one year, the core courses for this degree include International Business, Strategic Entrepreneurship, IT for Competitive Advantage, Managerial Accounting, HR Management, Team Dynamics, Financial Policies, and Marketing Strategy. Interested applicants are encouraged to submit an application with $30 non-refundable application fee, all official transcripts and official GMAT or GRE scores in order to begin the acceptance process. Students having achieved a degree at the MD or PhD. Level do not need to submit GMAT or GRE scores.

With a main campus in downtown Cleveland, Ohio, Cleveland State University got its start in 1964 after taking ownership of the buildings, land, and student body previously occupied by Fenn College, which was founded in 1923. Today, the school operates with the mission to “encourage excellence, diversity, and engaged learning by providing a contemporary and accessible education in the arts, sciences, humanities and professions, and by conducting research, scholarship, and creative activity across these branches of knowledge.” Receiving its accreditation through the Higher Learning Commission, CSU is a four-year public school offering degrees at the undergraduate, graduate, and doctoral levels to the 16,864 students currently enrolled there.

Estimated Program Tuition: $35,000

#37 University of Scranton Arthur J. Kania School of Management – Scranton, Pennsylvania


An online Master’s of Business Administration is featured at the University of Scranton’s Arthur J. Kania School of Management. Graduate students looking for a business school that prioritizes integrity and social awareness will want to consider this 36-credit hour program which offers no GMAT or GRE requirement for acceptance.

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The Arthur J. Kania School of Management at the University of Scranton features an online Master’s of Business Administration offered as a general degree or with a concentration in Accounting, Enterprise Resource Planning, Healthcare Management, Human Resources, International Business, or Operations Management. Courses within this degree include Responsibility, Sustainability, and Justice, Accounting for Management, Managerial Economics, Management Information Systems, Organizational Behavior, and marketing Management. General MBA students may choose three to six courses from all specialization fields while all students complete the degree with a required Capstone Course of Business Policy. This 36-credit hour program is priced at $965 per credit hour making the total cost of tuition $34,740. An average early career salary of $55,200 has been reported by some students of the business school after graduation showing a strong return on the investment of education. The Arthur J. Kania School of Management, which was recently recognized by U.S. News & World Report as offering the 91st best online MBA in the nation, receives its stellar business accreditation through the Association to Advance Collegiate Schools of Business. Students interested in applying for admission into this program are encouraged to fill out an application and submit letters of recommendation, transcripts, a resume, and a statement of intent into the admissions office. There are no GMAT or GRE test score submissions required for acceptance into the business school.

Home of the Royals and Lady Royals, the 19 men’s and women’s varsity sports teams of the University of Scranton compete at the NCAA Division III level within the Landmark Conference. The university, which reports a healthy graduation rate of 80% among its students, receives its regional accreditation through the Middle States Commission on Higher Education and houses three colleges: the College of Arts and Sciences, Kania School of Management, and Panuska College of Professional Studies. This four-year, private, not-for-profit university oversees 5,380 students seeking degrees at the associate, undergraduate, graduate, and doctoral levels. Originally established as Saint Thomas College in 1888 by founding father and Bishop of Scranton, the Most Reverend William O’Hara, the school received university status fifty years later. Today, this Catholic and Jesuit university is nestled in the historic Hill Section area of Scranton, Pennsylvania.

Estimated Program Tuition: $34,740

#36 Southern New Hampshire University School of Business – Manchester, New Hampshire


Southern New Hampshire University’s School of Business features a robust online Master’s of Business Administration. While this 12-course program features a competitive tuition rate of just $22,572, the School of Business at SNSU does not require its applicants to submit GMAT or GRE score in order to be accepted into the program.

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The School of Business at Southern New Hampshire University offers an online Master’s of Business Administration with concentration choices in the fields of Accounting, Business Intelligence, Economics, Engineering Management, Entrepreneurship, Finance, Human Resources, Information Technology Management, Internet Marketing, Leadership, Project Management, Public Administration, Social Media, Sport Management, and more. This 12-course degree is priced at $1,881 per course making the total cost of tuition an affordable $22,572. An average early career salary of $52,600 has been reported by some students of the School of Business after graduation showing a healthy return of the investment of education. This 12-course, 100% online degree is divided between nine core courses and three concentration-specific courses. Core courses for this degree include Ethics, Corporate Culture, and Social Responsibility, Finance, Economics, and Decision Making, Government Impact on Business, Operations Management and Technology, Leading in an Organization, and Marketing and Strategy. Students seeking an accelerated experience can graduate in just 15 months by completing two courses each 10-week term. This degree “provides an examination of how to research and analyze new business ventures along with a foundation of time-tested business strategies.” Besides a GMAT/GRE score waiver for all incoming students, the business school offers a staff of admission counselors accessible to all applicants throughout the admissions process. The School of Business receives its exemplary business accreditation through the Accreditation Council for Business Schools and Programs.

With a large student body of 73,177 seeking degrees at the associate, undergraduate, graduate, and doctoral levels, Southern New Hampshire University is a four-year, private, not-for-profit university nestled on 300 acres along the Merrimack River in Manchester, New Hampshire. SNSU is comprised of three schools and two colleges and receives its regional accreditation through the New England Association of Schools and Colleges, Commission on Institutions of Higher Education. Home of the Penmen, the men’s and women’s varsity sports teams wear the official school colors of blue and gold while competing at the NCAA Division II level within the Eastern College Athletic Conference. The university was first established as the New Hampshire School of Accounting and Secretarial Science in 1932 by Harry and Gertrude Shapiro. The school’s motto is “The Greatest and the Best.”

Estimated Program Tuition: $22,572

#35 Florida Atlantic University College of Business – Boca Raton, Florida


The College of Business at Florida Atlantic University offers an online Master’s of Business Administration with a concentration in International Business. This competitively priced online degree costs $32,000 in total tuition and requires no GMAT or GRE test score submissions by those having five years of professional work experience.

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Florida Atlantic University features an online Master’s of Business Administration with an International Business specialization at its College of Business. Students with the proper academic experience may be able to waive up to six hours of coursework making this 100% online MBA a 40-credit hour program. Priced at $800 per credit hour, the total cost of tuition for this degree is $32,000. The College of Business, which has recently been recognized by U.S. News & World Report as the 100th best online MBA in the country, receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. This degree offers a team-based cohort format, can be completed in less than two years, and features two start times a year. This 40-hour program is divided between 28 core courses and 12 International Business-specific credits. The core courses for this degree include Financial Accounting Concepts, Corporate Financial Management, Communication Skills for Business Professionals, Global Environment of Management, Advanced Analysis of Accounting Data, Marketing Management in a Global Environment, and Advanced Financial Management.

Established in 1964 as the first public university in southeast Florida, Florida Atlantic University currently offers associate, undergraduate, graduate, and doctoral degrees to the 30,541 students currently enrolled there. Receiving its regional accreditation its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, FAU exists as a four-year, public institution of higher learning which currently reports a graduation rate of 49%. With a main campus in Boca Raton, Florida, Florida Atlantic University features five centers for education in Dania Beach, Davie, Fort Lauderdale, Fort Pierce, and Jupiter, Florida. The school is classified by the Carnegie Foundation as a top-tier research university. FAU’s mascot is Owlsley the Owl and the school’s official colors are blue and red.

Estimated Program Tuition: $32,000

#34 Mercer University Eugene W. Stetson School of Business and Economics – Macon, Georgia


Mercer University features an online Master’s of Business Administration in its highly accredited College of Business. While this program features an attractive total tuition fee of just $26,640, a GMAT requirement is waived for applicants holding a graduate degree from a regionally accredited college or university or an equivalent international graduate degree.

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The College of Business at Mercer University offers an online Master’s of Business Administration with a specialization in Marketing, Finance, Economics, General Business, Human Resources, or Healthcare Management at its College of Business. Students with the proper academic experience can waive up to nine hours of foundational credit and complete this degree by taking 36-credit hours. Receiving its stellar business accreditation through the Association to Advance Collegiate Schools of Business, the College of Business has recently been recognized by U.S. News & World Report as offering the 78th best online MBA in the nation. This 36-credit hour program is priced at $740 per credit hour making the total cost of tuition an accessible $26,640. Some students of the business school have reported an average early career salary of $51,700 revealing a strong return on the investment of education. Core courses within this program include Managerial Economics, Managerial Accounting, Issues in Business Law and Corporate Responsibility, Marketing Concepts and Practices, Corporate Finance, Operations Management Science, and Ethical Leadership. Applicants for this program will be pleased to know the GMAT requirement is waived for applicants holding a graduate degree from a regionally accredited college or university or an equivalent international graduate degree.

Founded in 1833, Mercer University is currently the oldest four-year, private not-for-profit university in the state of Georgia. The school was first established as Mercer Institute and was named after Baptist leader Jesse Mercer, who provided the school’s first endowment and served on the first board of trustees as chairman. The school was granted university status four years later and would graduate its first class of three students in 1841. Today, Mercer features three campuses: a main campus in Macon, Georgia and two others in Atlanta and Savannah. Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, Mercer offers degrees at the undergraduate, graduate, and doctoral levels to the 8,615 students currently enrolled there.

Estimated Program Tuition: $26,640

#33 Louisiana State University E. J. Ourso College of Business – Baton Rouge, Louisiana


Louisiana State University features an online Master’s of Business Administration at the E. J. Ourso College of Business. While this program features a total tuition rate of $46,620, the E. J. Ourso College of Business has recently been recognized as offering the 47th best online MBA in the nation by U.S. News & World Report.

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An online Master’s of Business Administration is offered at the E. J. Ourso College of Business at Louisiana State University. This 42-credit hour program is priced at $1,110 per credit hour making the total cost of tuition $46,620. An average early career salary of $64,600 has been reported by some students of the E. J. Ourso College of Business after graduating revealing a solid return on the investment of education. Applicants interested in this program are encouraged to complete an online application and submit all official transcripts, GMAT/GRE scores, and a $50 application fee to the admissions office. “For candidates who do not meet the minimum work requirements, the MBA admissions committee may consider supplemental documentation; including official GMAT test scores, GRE test scores, and/or official professional designation or certification.” Candidates with at least a 3.0GPA in previous coursework may waive the GMAT requirement. The business school receives its stellar accreditation though the Association to Advance Collegiate Schools of Business. Core courses within this 100% online MBA include Managerial Statistics, Understanding Financial Information, Information Systems, Elements of Cost Management, Understanding Behavior in Organizations, Financial Management, Marketing Administration, Operations Management, Legal Environment of Business, and Economic Environment of the Firm.

Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, Louisiana State University is a four-year public university located in Baton Rouge, Louisiana. 31,409 students are currently seeking degrees at the undergraduate, graduate, and doctoral levels. First named the Louisiana State Seminary of Learning & Military Academy, Louisiana State dates to 1853 when it was founded with the express intent to educate students in the military tradition. LSU’s athletic department consists of 12 women’s varsity teams and nine men’s varsity teams which compete at the NCAA Division I level as members of the Southeastern Conference. The Tigers and Lady Tigers have won 47 team national championships through the years.

Estimated Program Tuition: $46,620

#32 Webster University Walker School of Business and Technology – Saint Louis, Missouri


Webster University’s Walker School of Business and Technology offers an online Master’s of Business Administration that allows students to tailor their studies with multiple specializations. This 36-credit hour program benefits from the university’s priority for “small classes, personal attention, international perspective, and a real-world approach to learning” and requires no GMAT or GRE score for acceptance.

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An online Master’s of Business Administration with a specialization in Business and Organizational Security Management, Cybersecurity, Environmental Management, Gerontology, Health Administration, Human Resources Development, Human Resources Management, Information Technology Management, International Business, International Relations, Management and Leadership, Marketing, Media Communications, Procurement and Acquisitions Management, or Project Management is featured at the School of Business and Technology at Webster University. This 36-credit hour general degree is priced at $780 per credit hour making the total cost of tuition $28,080. An average early career salary of $58,300 has been reported by some students after graduating from the College of Management showing a healthy return on the investment of education. Candidates interested in this program are encouraged to provide transcripts showing an undergraduate degree awarded by an accredited university and a cumulative GPA of at least 2.5. There is no advertised requirement for GMAT/GRE test scores for acceptance. Recently recognized by U.S. News & World Report as offering the 160th best online MBA in the nation, the College of Management receives its business accreditation through the Accreditation Council for Business Schools and Programs.

Webster University is a four-year, private not-for profit university situated in Saint Louis, Missouri, overseeing 13,906 students seeking degrees at the undergraduate, graduate, and doctoral levels. Established in 1915 as Loretto College by the Sisters of Loretto, the school was as one of the first Catholic women’s colleges west of the Mississippi River. Home of the Gorloks, the seven men’s and seven women’s varsity sports teams at Webster wear the official school colors of navy, gold, and white and compete at the NCAA Division II level as members the St. Louis Intercollegiate Athletic Conference. Receiving its regional accreditation though the North Central Association of Colleges and Schools, The Higher Learning Commission, Webster began admitting male students in 1962.

Estimated Program Tuition: $28,080

#31 National University School of Business and Management – La Jolla, California


National University’s School of Business and Management offers an online Master’s of Business Administration. Candidates with an undergraduate degree and cumulative GPA of at least 2.5 are exempt from submitting GMAT and GRE scores for admission into the program.

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The School of Business and Management at National University offers an online Master’s of Business Administration with an emphasis in Financial Management, Human Resources Management, Integrated Marketing Communication, International Business, Management Accounting, Marketing, Mobile Marketing and Social Media, Organizational Leadership, or Supply Chain Management. Priced at $416 per quarter unit, this 63 quarter-unit, 100% online Master’s of Business Administration features a total tuition rate of $26,208. Some students of the business school have reported an average early career salary of $58,100 after graduation revealing a strong return on the investment of education. Students interested in applying for this program are encouraged to submit an application with $60 fee, turn in transcripts showing a GPA of at least 2.5, and sign up for an interview with an admissions advisor. Students meeting these criteria are exempt from having to submit GMAT/GRE scores. Core courses for this degree include Organization Management and Leadership, Marketing Management, Global Business, Statistics for Business, Managerial Accounting, Economics for Managerial Decisions, Managerial Support Systems, and Seminar in Financial Management. This 63-quarter unit degree includes two modules of core coursework followed by 18 quarter units of General Electives. The remaining 18 quarter units are required specialized courses within the chosen concentration. The School of Business and Management receives its business accreditation through the International Assembly for Collegiate Business Education.

Receiving its regional accreditation through the Western Association of Schools and Colleges, Senior College and University Commission, National University was established in 1971 by retired United States Navy lieutenant commander David Chigos. Today, this four-year, private not-for-profit university which maintains a main campus in the coastal Southern California city of La Jolla and features education centers throughout the state of California, in Nevada, and online through distance learning. National University is comprised of the College of Letters and Sciences, the School of Business and Management, the Sanford College of Education, the School of Engineering and Computing, the School of Health and Human Services, and the School of Professional Studies.

Estimated Program Tuition: $26,208

#30 University of Nevada-Reno College of Business – Reno, Nevada


The College of Business at the University of Nevada-Reno features an online Executive Master’s of Business Administration. While the business school has been recognized as offering the 36th best online MBA in the nation by U.S. News & World Report, a GMAT waiver can be applied to students possessing an accredited graduate degree (Master’s, Ph.D.), professional degree (JD, MD, DVM, etc.), or with an active CPA, CFP, CMA or PE license.

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An online Executive Master’s of Business Administration is offered at the University of Nevada-Reno’s College of Business. This 100% online, cohort-based programs features 12 courses and requires two years to complete the curriculum. The total tuition fee for this degree is $30,000 and the program begins in the fall each year. “This allows students in each cohort to begin the program at the same point, move through the curriculum together, and build supportive working relationships in a stimulating online environment. Courses in the EMBA program are sequenced to assure continuity in learning.” Candidates for this program are encouraged to apply by June 1 of the year. A favorable application includes the completion of an undergraduate degree from an accredited four-year institution, a cumulative GPA of at least 2.75, professional work experience of at least five years past the achievement of a bachelor’s degree, and the submission of GMAT or GRE test score. Candidates possessing an accredited graduate degree (Master’s, Ph.D.), a professional degree (JD, MD, DVM), or an active CPA, CFP, CMA or PE license are not required to submit a GMAT or GRE to be accepted into this program. Receiving its excellent business accreditation through the AACSB, the College of Business has recently been recognized by U.S. News & World Report as offering the 36th best online MBA in the country. Some students of the business school have reported an average early career salary of $56,000 revealing a strong return on the investment of education.

Holding the distinction as the only land grant institution in the state of Nevada, the University of Nevada, Reno was established in 1874 and originally named State University of Nevada. Until 1965, UNR was the exclusive four-year university in the state. Today, this four-year public institution of higher learning offers degrees at the undergraduate, graduate, and doctoral levels to the 21,353 students currently enrolled there. Receiving its accreditation through the Higher Learning Commission, the University of Nevada operates under the motto of Omnia Pro Patria (“All For Our Country”). The flagship campus of Nevada is situated just to the north of downtown Reno near the casinos and overlooking the Truckee Meadows.

Estimated Program Tuition: $30,000

#29 Dallas Baptist University Graduate School of Business – Dallas, Texas


Dallas Baptist University features an online Master’s of Business Administration in the Graduate School of Business. While this 36-credit hour program is priced at just $32,616, applicants meeting certain criteria are exempt from providing any GMAT or GRE test scores upon acceptance.

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An online Master’s of Business Administration with specialization in Finance, Health Care Management, International Business, Management, Management Information Systems, Marketing, or Project Management is offered at the Graduate School of Business at Dallas Baptist University. This 36-credit hour online MBA is priced at $906 per credit hour making the total cost of tuition $32,616. Applicants looking for a solid return on the investment of education will be pleased to learn that some students have reported an average early career salary of $62,900 upon completing this degree. Offered by the Graduate School of Business as a 100% online MBA, 24 hours of this degree consist of core courses while 12 hours consist of concentration-specific courses. Core courses within this program Managerial Accounting, Corporate Finance, Quantitative Analysis for managers, Leadership in Management, Business Ethics, Management Information Systems, Creative Problem-Solving Marketing Decisions, and Strategic Management Decisions. “Specific learning foci include: creative leadership, customer relationship development, marketing, messaging and sales, culture innovation, and value-centric servant leadership.” Recently ranked as offering the 175th best online MBA in the nation by U.S. News & World Report, The Graduate School of Business, which receives its business accreditation through the Accreditation Council for Business Schools and Programs, was recently ranked as offering the 175th best online MBA in the nation by U.S. News & World Report. Candidates meeting certain criteria are exempt from providing any GMAT or GRE test scores upon acceptance.

Established in 1898, Dallas Baptist University was originally named Decatur Baptist College. It was the first two-year college in Texas. Now located just 12 miles from downtown Dallas, the school was relocated in 1965. Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, this four-year, private not-for-profit Christian university offering degrees at the associate, undergraduate, graduate, and doctoral levels to the 5,156 students currently enrolled there. Reporting a graduation rate of 58%, the graduates of DBU enjoy a 70% acceptance rate into medical school, which is twice the national average.

Estimated Program Tuition: $32,616

#28 University of Cincinnati Carl H. Lindner College of Business – Cincinnati, Ohio


An online Master’s of Business Administration is featured at the Carl H. Lindner College of Business at the University of Cincinnati. Students who successfully complete the Foundations Pathway of this degree may waive the GMAT requirements for the MBA application.

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The University of Cincinnati offers an online Master’s of Business Administration with a concentration in Marketing, Health Care Finance, Health Care Administration, Health Care Operations, Health Care Policy and Regulation, Corporate Taxation, Individual Taxation, or Business Foundations at the Carl H. Lindner College of Business. The business school has recently been recognized by U.S. News & World Report as offering the 65th best online MBA in the nation. This 38-credit hour program is priced at $890 per credit hour making the total cost of tuition $33,820. Some students of the business school have reported an average early career salary of $59,100 after graduation. Receiving its excellent business accreditation through the Association to Advance Collegiate Schools of Business, the Carl H. Lindner College of Business offers a “Foundations Pathway for its students which typically involves a student possessing three or more years or professional work experience. “Students start by applying to the Business Foundations Certificate program and DO NOT submit a GMAT/GRE score. Candidates who successfully complete the Foundations Pathway may waive the standardized test score requirements for the MBA application.” Core courses within this program include Accounting for Managerial Decisions, Corporate Legal and Social Responsibility, Decision Models, Managerial Economics, Financial Management, Information and Technology Management, Strategic Management, and Leadership and Organizations.

Operating under the two school mottos of “Strength in Unity” and “Seek the Highest”, the University of Cincinnati got its start in 1819 when the Medical College of Ohio and Cincinnati College were opened. Within 20 years, the schools combined and in 1893 the school was moved to its present location in the Heights neighborhood of downtown Cincinnati. Today, this four-year, public university oversees 36,596 students seeking degrees at the associate, undergraduate, graduate, and doctoral levels. Receiving its accreditation through the Higher Learning Commission, UC is home to the Bearcats and its official school colors are red and black.

Estimated Program Tuition: $33,820

#27 Florida Institute of Technology Nathan M. Bisk College of Business – Melbourne, Florida


The Nathan M. Bisk College of Business at the Florida Institute of Technology offers a highly regarded online Master’s of Business Administration. This robust 36-credit hour program features a competitive tuition cost of $32,256 and features no GMAT or GRE requirement for acceptance into the program.

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An online Master’s of Business Administration with a specialization in Accounting, Accounting & Finance, Cybersecurity, Finance, Healthcare Management, Information Technology Management, International Business, Management, Marketing, or Project Management, is offered at Florida Institute of Technology’s Nathan M. Bisk College of Business. Students seeking an accelerated experience can take 12 courses over eight-week long terms and satisfy all requirements for this 36-credit hour program in as few as 24 months. The Nathan M. Bisk College of Business, which receives its business accreditation through the International Assembly for Collegiate Business Education, communicates this MBA offers “the global perspective and practical leadership abilities to position you as a stronger candidate for high-level and executive careers, including international business manager, international sales representative, international management consultant, and risk analyst.” This degree consists of two foundation courses, five core courses, and four concentration-intensive courses. U.S. News & World Report recently recognized the Nathan M. Bisk College of Business as offering the 119th best online MBA in the nation. This 36-credit hour program is priced at $896 per credit hour making the total cost of tuition $32,256. An average early career salary of $64,400 has been reported by some students of the business school reflecting a positive return on the investment of education.

Florida Institute of Technology is a four-year, private not-for-profit university located on over 130 acres in Melbourne, Florida which offers degrees at the associate, undergraduate, and graduate levels to the 2,774 students currently enrolled there. Commonly known as Florida Tech, the school was founded in 1958 and receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges. Recently recognized by Times Higher Education as the 219th best university in the nation, U.S. News & World Report has ranked Florida Tech as a tier-one national university. While Florida Tech reports a graduation rate of 57% among its students, the male to female student ratio was seven-to-three in 2016.

Estimated Program Tuition: $32,256

#26 Ohio University College of Business – Athens, Ohio


The College of Business at Ohio University features an online Master’s of Business Administration with a specialization in Finance, Health Care, Business Analytics, or Executive Management. Priced at $35,140, this 35-credit hour program benefits from the business school’s excellent business accreditation through the AACSB and requires no GMAT score for acceptance.

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Ohio University’s College of Business offers an online Master’s of Business Administration with an emphasis in Finance, Health Care, Business Analytics, or Executive Management. Receiving its stellar business accreditation through the Association to Advance Collegiate Schools of Business, the College of Business has recently been recognized as offering the 72nd best online MBA in the country by U.S. News & World Report. This 35-credit hour program is priced at $1,004 per credit hour making the total cost of tuition $35,140. Some students of the business school have reported an average early career salary of $61,200 after graduating showing a healthy return on the investment of education. Students interested in this program will be pleased to know the College of Business does not require its candidates submit GMAT or GRE test scores in order to be accepted. This 100% online Master’s of Business Administration has been ranked as the 3rd best MBA value by Fortune Magazine.

What began as a shared vison for an institution of higher learning in the area of the newly-founded Ohio by Manasseh Cutler and General Rufus Putnam became realized in 1804 when the charter for Ohio University was established by the General Assembly of Ohio. The first three students of Ohio were enrolled in 1809 while the school’s first degrees were granted in 1815. Today, this four-year public university features a main campus situated in Athens, Ohio overlooking the Hocking River. Receiving its accreditation through the Higher Learning Commission, Ohio University offers degrees at the associate, undergraduate, graduate, and doctoral levels to the student body of 29,509. Home of the Bobcats, the men’s and women’s varsity sports teams at the school wear the official colors of Ohio green and white while competing at the NCAA Division I level within the University System of Ohio.

Estimated Program Tuition: $35,140

#25 Western Illinois University College of Business and Technology – Macomb, Illinois


The College of Business and Technology at Western Illinois University features an online Master’s of Business Administration with concentration in Management or Supply Chain Management. Discerning students will want to consider this program which features an affordable tuition rate of just $10,680 and no GMAT or GRE test score requirements for qualified candidates.

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Western Illinois University’s College of Business and Technology offers an online Master’s of Business Administration with concentration in Management or Supply Chain Management. This 33-credit hour program is priced at just $323 per credit hour making the total cost of tuition a very accessible $10,680. An average early career salary of $45,500 has been reported by some students of the College of Business and Technology showing a strong return on the investment of education. Qualified candidates with the proper academic experience can waive up to 21-credit hours and complete all requirements for this degree by taking only 11 courses.

No GMAT or GRE test scores are required of applicants with the following achievements: a cumulative GPA of at least 3.6 in an AACSB accredited bachelor’s degree in a business discipline or a cumulative GPA of at least 3.75 in a bachelor’s degree from the WIU College of Business and Technology and a minor in either business or Pre-MBA. This program is offered as a fully-online experience, in the classroom, or as a hybrid with the combination of the two. The business school also encourages mentoring relationships between faculty and students and maintains an average class size of 16. The College of Business and Technology receives its remarkable business accreditation through the Association to Advance Collegiate Schools of Business.

Home of the Leathernecks, the men’s and women’s varsity sports teams at Western Illinois University compete while wearing the official school colors of purple and gold within the NCAA Division I as members of the Summit League. This four-year public institution of higher learning located in Macomb, Illinois was originally known as Western Illinois State Normal School when it was established in 1899 as a school for training public school educators to teach in the state of Illinois. WIU currently offers degrees at the undergraduate, graduate, and doctoral levels to the 10,373 students currently enrolled there. The school’s grounds were originally donated by the Freemason’s in Macomb. Today the campus consists of over 50 buildings spread on over 1,000 acres.

Estimated Program Tuition: $10,680

#24 Rochester Institute of Technology Saunders College of Business – Rochester, New York


The Saunders College of Business at the Rochester Institute of Technology offers an online Executive Master’s of Business Administration. Receiving its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, the Saunders College of Business requires no GMAT/GRE for acceptance into this program.

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An online Executive Master’s of Business Administration is featured at the Rochester Institute of Technology’s Saunders College of Business. Offered as a 17-month, four-semester program, the total tuition fee for this degree is $70,000. An average early career salary of $58,600 has been reported by some students of the business school revealing a positive return on the investment of education. Receiving its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, the Saunders College of Business has recently been recognized by U.S. News & World Report as offering the 33rd best online in the nation and the Princeton Review as featuring the seventh best online MBA program in the United States. While candidates for this program are encouraged to submit proof of an undergraduate degree from an accredited institute of higher learning, have at least six years of professional work experience, and complete an application, no GMAT or GRE test scores are required for acceptance. The majority of requirements for this program are completed online, however students are required to visit the campus for a three-day orientation at the onset of the program.

Formerly known as Rochester Athenaeum and Mechanics Institute, today’s Rochester Institute of Technology operates under the school motto of “the making of a living and the living of a life.” With the official establish date of 1829, the Institute got its start with a merger between Rochester Athenaeum and Mechanics Institute, one a literary school and the other a technical training school. RIT’s campus consists of 1,300 acres, many of which are woodlands and swamps located near the Genesee River in Rochester, New York. This four-year, private not-for-profit university offers degrees at the associate, undergraduate, graduate, and doctoral levels to the 16,507 students currently enrolled there. The school receives its regional accreditation through the Middle States Commission on Higher Education.

Estimated Program Tuition: $70,000

#23 University of Houston, Clear Lake College of Business – Houston, Texas


The University of Houston-Clear Lake features a stellar online Master’s of Business Administration in their College of Business. This 36-credit hour program features an affordable total tuition of just $20,868 and offers a GMAT waver for qualified applicants.

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An online Master’s of Business Administration with concentration options in Environmental Management, Finance, Human Resource Management, or Management of Technology is offered at the College of Business at the University of Houston-Clear Lake. This 36-credit hour program is priced at $1,739 per course making the total cost of tuition an accessible $20,868. Some students of the College of Business have reported an average early career salary of $54,400 after graduating showing a healthy return on the investment of education. Receiving its excellent business accreditation through the Association to Advance Collegiate Schools of Business, the College of Business has recently been recognized as the 109th best online MBA program in the nation by U.S. News & World Report. The business school has replaced the standard 16-week long courses with eight-week long classes which allow an accelerated pace for this degree. By taking two classes per term, a student can now complete all coursework in just 14 months. Core courses within this program include Accounting for Administration Control, The Global Environment of Business, Management Science and Operations, Managerial Economics, Corporate Finance, Human Behavior in Organizations, Strategic Management Seminar, and Executive Decisions in Marketing.

Established in 1971, the University of Houston-Clear Lake is a four-year, public university offers degrees at the undergraduate, graduate, and doctoral levels to the 8,669 students currently enrolled there. Functioning as one of the four distinct campuses within the University of Houston System, the over-500-acre campus of the University of Houston-Clear Lake is in southeast Houston. The school was originally founded in response to the growing need for graduate programs within NASA and the space-related industry that was booming in the area of the state since the early 60’s. Land for U of H-Clear Lake was donated by Humble Oil and the Friendswood Development Corporation. While the university receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, its school mascot is the Hawks.

Estimated Program Tuition: $20,868

#22 Embry-Riddle Aeronautical University Worldwide College of Business – Daytona Beach, Florida


An online Master’s of Business Administration is featured in the College of Business at Embry-Riddle Aeronautical University. The College of Business, which delivers this 33-credit hour program at the affordable tuition rate of $21,120, lists no GMAT or GRE test score requirements for acceptance into this program.

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The College of Business at Embry-Riddle Aeronautical University offers an online Master’s of Business Administration with a concentration in Accounting, Finance, Leadership, Information Technology, Marketing, International Business, or Public Administration. The College of Business, which has designed this program “to help prepare graduates for leadership and management roles in the business industry and teach critical analytic skills in accounting, economics, international business, marketing, finance, operations research, and statistics”, has recently been recognized as the 100th best online MBA program in the nation by U.S. News & World Report. This 33-credit hour program is priced at $640 per credit hour, making the total tuition rate for this degree an accessible $21,120. An average early career salary of $60,900 has been reported by some students of the College of Business upon graduating reflecting a positive return on the investment of education. Business core courses included in this 33-credit hour program include Strategic Marketing Management in Aviation, Managerial Accounting for Decision Making, Managerial Finance, Business Research Methods, Advanced Aviation Economics, and International Business Administration. The College of Business receives its stellar business accreditation through the Accreditation Council for Business Schools and Programs.

Named after its founders, Talton Embry and John Riddle, who first established the Embry-Riddle Company based in Cincinnati, Ohio at Lunken Airport, Embry-Riddle Aeronautical University was established in 1926 and stands today as a four-year private, not-for-profit institution of higher learning located in sunny Daytona Beach, Florida. The school currently offers degrees at the associate, undergraduate, graduate, and doctoral levels to the 14,221 students enrolled there. Embry Riddle receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges. The school relocated to Miami in 1939 and would train many WWII pilots under the Civilian Pilot Training Program. The second-largest fleet of aircraft in the United States, 67 in total, is housed at the university.

Estimated Program Tuition: $21,120

#21 Kettering University School of Management – Flint, Michigan


An online Master’s of Business Administration, with a concentration in Global Leadership, Supply Chain Management, Operations Management, or Healthcare Management, is featured at Kettering University’s School of Management. The School of Management receives its excellent business accreditation through the Accreditation Council for Business Schools and Programs and does not require a GMAT score from its applicants for the online MBA or the Graduate Certificate Program.

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Kettering University offers an online Master’s of Business Administration with a specialization in Global Leadership, Supply Chain Management, Operations Management, or Healthcare Management at its School of Management. Receiving its business accreditation through the Accreditation Council for Business Schools and Programs, the School of Management has designed this degree to help students “learn the skills needed to become effective leaders and aid in making the important decisions that can make their organization successful.” This 48-credit hour program is priced at $890 per credit hour making the total cost of tuition $42,720. An early career salary of $76,600 has been reported by some students of the business school after graduating reflecting a positive return on the investment of education. Receiving its business accreditation through the Accreditation Council for Business Schools and Programs, the business school has designed this 100% online MBA to be completed in as few as 18 months. Required courses for this degree include Managerial Accounting, International Business, Financial Management, Enterprise Information System Models, Managing People & Organization, Strategy, and Operations Management in Service Organizations. Applicants are not required to submit a GMAT or GRE score for acceptance into this program.

Receiving its regional accreditation through the Higher Learning Commission, Kettering University stands as a four-year private, not-for-profit university maintaining a main campus in Flint, Michigan. Currently overseeing 2,326 students pursuing degrees at the undergraduate and graduate levels, the schools original name was the School of Automotive Trades when it was established in 1919. General Motors took over the school in 1926 in order to train the automaker’s engineers until 1982 when the school cut ties to GM. The school became Kettering University in 1998 to honor the memory of inventor and automotive engineering legend, Charles Kettering. The official school colors of Kettering are gold and blue. Payscale.com recently recognized the university as the 12th-best return on investment in the nation. The university’s nickname is the Bulldogs.

Estimated Program Tuition: $42,720

#20 Wright State University Raj Soin College of Business – Dayton, Ohio


The Raj Soin College of Business at Wright State University offers an accessible online Master’s of Business Administration program. Applicants with a cumulative undergraduate GPA of 3.0 or higher can enroll under the school’s regular admission and waive the GMAT, while undergrads with a GPA of 2.7-2.99 can waive the GMAT and enroll on a conditional basis.

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The Raj Soin College of Business at Wright State University offers an online Master’s of Business Administration with concentration choices in Economics, Finance, Healthcare Management, International Business, Interdisciplinary Business, Investments, Management, Innovation and Change, Marketing, New Venture Creation, or Project Management. Priced at $640 per credit hour, this 11-course program is listed at just $19,200 in total tuition fees. An average early career salary of $58,600 has been reported by some students of the Raj Soin College of Business revealing a strong return on the investment of education. Core courses for this program include Strategic Cost Management, Economics for Managers, Financial Analysis and Decision Making, Leadership and Ethics, International Business Management: Operations and Environments, Developing and Implementing Competitive Strategies, Marketing Strategy, and Supply Chain Management. The business school has recently been recognized as offering the 124th best online MBA in the country by U.S. News & World Report. Students interested in waiving the GMAT requirement for this degree may do so if they have acquired an undergraduate degree from an accredited college or university and have maintained a GPA of at least 3.0. Students with an undergraduate GPA of 2.7 to 2.99 may seek acceptance into the program on a conditional basis and still waive the GMAT requirement.

Offering degrees at the undergraduate and graduate levels to the 16,655 students currently enrolled there, Wright State University is home to the Raiders. The school’s namesake is aviators and inventors Orville and Wilbur Wright, who lived in Dayton. The school’s campus is situated in the suburb area of Fairborn, Ohio. This four-year public university was founded in 1964 as a center for education between an agreement of Ohio State University and Miami University and today is accredited by the Higher Learning Commission. Wearing the official school colors of green and gold, the men’s and women’s varsity sports teams at Wright State compete at the NCAA Division I level as members of the Horizon League.

Estimated Program Tuition: $19,200

#19 Central Michigan University College of Business Administration – Mount Pleasant, Michigan


An online Master’s of Business Administration is offered through the College of Business Administration at Central Michigan University. This 36-credit hour program is priced at an affordable $21,600 and offers a GMAT waver to qualified candidates.

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Central Michigan University’s College of Business Administration features an online Master’s of Business Administration with a concentration in ERP Emphasis using SAP Software, Human Resource Management, Logistics Management, Marketing, or Value-Driven Organization. Core courses within this degree include Managing Information Systems in a Global Economy, Managerial Accounting: A Management Perspective, Managing and Leading Individuals and Groups in Organizations, Data Analysis for Managers, Global Business and Sustainability, Financial Analysis and Risk management, and Global Economic Environment. The College of Business Administration, which receives its stellar business accreditation through the Association to Advance Collegiate Schools of Business, has recently been recognized as offering the 42nd best online MBA in the nation by U.S. News & World Report. Candidates with the proper academic experience can waive up to seven hours of prerequisite courses and complete this degree as a 12-course program. This 36-credit hour program is priced at $600 per credit hour making the total cost of tuition an affordable $21,600. An average early career salary of $62,800 has been reported by some students of the College of Business Administration after graduation showing a positive return on the investment of education.

Operating under the official school motto of “Wisdom, Virtue, Friendship”, Central Michigan University was established in 1892 and today is one of the state’s largest universities and a member of the top 100 largest schools in the United States. This four-year, public research university features a main campus in Mount Pleasant, Michigan. Home of the Chippewas and wearing the official school colors of maroon and gold, the athletic department at CMU is comprised of men’s and women’s varsity sports teams which compete at the NCAA Division I level within the Mid-American Conference. CMU currently oversees 25,986 students seeking degrees at the undergraduate, graduate, and doctoral levels. The university offers over 200 academic fields of study and is best known for its audiology, entrepreneurship, journalism, music, psychology, and teacher education programs. Central Michigan’s official school colors are maroon and gold and the nickname is the Chippewas.

Estimated Program Tuition: $21,600

#18 University of North Carolina at Chapel Hill Kenan-Flagler Business School – Chapel Hill, North Carolina


The University of North Carolina at Chapel Hill’s Kenan-Flagler Business School offers an online Master’s of Business Administration with multiple choices of concentrations for students to consider. Recently recognized as offering the top online MBA in the country by the Princeton Review, the Kenan-Flagler Business School requires no GMAT or GRE test scores for applicants with seven or more years of professional work experience.

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The University of North Carolina at Chapel Hill’s Kenan-Flagler Business School offers an online Master’s of Business Administration with concentration in Corporate Finance, Entrepreneurship, Global Supply Chain Management, Marketing, Investment Management, Sustainable Enterprise, Management Consulting, or Data Analytics and Decision Making. Priced at $1,728 per credit hour, this 66-credit hour degree features a total tuition rate of $114,078. Students seeking an accelerated experience can complete all coursework in as few as 18 months, however most students take two years to graduate. The business school encourages applicants have two years of professional experience and submit all official transcripts, three required essays, two letters of professional recommendation, and an online application with $150 fee into the admissions office in order to be considered for acceptance. Candidates with seven or more years of professional work experience do not have to submit GMAT or GRE test scores. All applicants are required to complete an interview process before being accepted into this program. This 66-credit hour degree covers “a broad range of entrepreneurial topics, and includes electives that help students bring their business ideas to life. Courses focus on principles such as managing innovation, corporate strategy, innovation and social entrepreneurship in developing economies, new ventures discovery and business discovery and technology management.” Core courses for this degree include Analytical Tools, Marketing Strategy, Analysis, and Development, Financial Accounting, Developing Management & Leadership Skills, Economics, Operations, Introductory Finance, and Business Communication. The business school has recently been recognized as offering the #1 online MBA in the nation by the Princeton Review and the 4th best by U.S. News & World Report.

While the University of North Carolina at Chapel Hill is one of three universities in the nation to claim to be the oldest, there is no doubt it has been setting the pace for quality education since its inception in 1789 as the first public university in America to be chartered under the US Constitution. Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, UNC offers degrees at the undergraduate, graduate, and doctoral levels to the 29,468 students currently enrolled there. This four-year public research university features a main campus in Chapel Hill, North Carolina and reports a solid graduation rate of 91%. Home of the NCAA Division I Tar-Heels, the sports teams at UNC wear the official school colors of Carolina blue and white.

Estimated Program Tuition: $114,078

#17 James Madison University College of Business – Harrisonburg, Virginia


An online MBA with a focus in Executive Leadership or Information Security is featured at James Madison University’s College of Business. Candidates with a master’s degree or holding a CPA do not have to submit a GMAT or GRE score in order to be accepted into this program.

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James Madison University’s College of Business offers an online Master’s of Business Administration with a specialization in Executive Leadership or Information Security. While most coursework for this degree is offered online, some on campus residencies are required for this hybrid program. Short-term residencies of one day at the campus in Reston, Virginia every eight weeks are included in both programs. The Executive Leadership program features a total tuition fee of $42,000 while the degree with an emphasis in Information Security is priced at $37,800. Both programs are 42-credit hours in length. An average early career salary of $53,500 has been reported by some students of the College of Business after graduating reflecting a positive return on the investment of education. While the Princeton Review has recently recognized the business school as offering the 10th best online MBA in the U.S., U.S. News & World Report has recently recognized the business school as offering the 21st best program in the nation Receiving its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, the College of Business encourages its applicants to complete an online application with $55 fee and submit unofficial transcripts, letters of recommendation, and GMAT/GRE results into the graduate school for consideration. Applicants with a graduate’s degree or holding a CPA do not have to submit a GMAT or GRE score in order to be accepted into this program.

Home of the Dukes who wear the official school colors of purple and gold, James Madison University features over 16 men’s and women’s varsity sports teams which compete at the NCAA Division I level as members of the Colonial Athletic Association. The school was founded in 1908 by the Virginia General Assembly as an all-women’s college called the State Normal and Industrial School for Women at Harrisonburg. Thirty years later the name was changed to James Madison College in honor of the fourth president of the United States, James Madison, whose Montpelier Estate was located in nearby Orange, Virginia. The school was renamed once more in 1976 when it achieved its university status. Today, this four-year public university in Harrisonburg, Virginia oversees 21,270 students currently seeking degrees at the undergraduate, graduate, and doctoral levels. Receiving its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges, JMU reports a healthy graduation rate of 82%.

Estimated Program Tuition: $37,800

#16 Marist College School of Management – Poughkeepsie, New York


An online Master’s of Business Administration with a specialization in Ethical Leadership, Financial Management, or Healthcare Administration is offered at Marist College’s School of Management. While this 36-credit hour program features an affordable tuition rate of just $28,800, candidates with a graduate’s degree are exempt from submitting GMAT or GRE test scores during the application process.

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The School of Management at Marist College features an online Master’s of Business Administration with a concentration in Ethical Leadership, Financial Management, or Healthcare Administration. The School of Management, which receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business, has designed this 100% online MBA to be accessible to an array of students by not requiring a business undergraduate degree for its applicants. Students interested in applying for this program are encouraged to complete a Graduate Admission Application and submit a $50 fee with responses to essay questions, GMAT/GRE results, transcripts, a current resume, and two letters of recommendation into the admissions office. Applicants with a master’s degree or higher are not required to submit GMAT or GRE test scores. This 36-credit hour program is priced at $800 per credit hour making the total cost of tuition $28,800. Some students of the School of Management have reported an average early career salary of $56,600 upon graduation revealing a positive return on the investment of education. Core courses for this degree include The 21st Century Manager, Global Environment of Business, Economics, Analytics Bootcamp, Accounting, Marketing Management, Finance, Operations Management, and Strategic Management. U.S. News & World Report While the business school has recently recognized by U.S. News & World Report as offering the 61st best online MBA in the nation, Quacquarelli Symonds has recently named the program the 37th best in the world.

Operating under the official school motto of “To Pray and To Work”, Marist College is a four-year, private not-for-profit institution of higher learning with previous ties to the Roman Catholic Church. Established in 1905, the school was founded by the Marist Brothers to prepare men of the cloth for professions as educators. Today the school features centers of learning in 26 countries, a campus in Florence, Italy, and a main campus nestled on 180 acres along the Hudson River in Poughkeepsie, New York. The school currently offers undergraduate and graduate degrees to the student body of 6,569. Receiving its regional accreditation through the Middle States Commission on Higher Education, Marist reports a healthy 83% graduation rate.
Estimated Program Tuition: $28,800

#15 Auburn University Raymond J. Harbert College of Business – Auburn, Alabama


Auburn University’s Raymond J. Harbert College of Business features a highly regarded online Master’s of Business Administration. The business school stands as one of the most prestigious in the nation, and has recently been recognized as offering the 10th best online MBA in the nation by U.S. News & World Report.

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Auburn University features a general online Master’s of Business Administration at its Raymond J. Harbert College of Business. This 39-credit hour degree is priced at $875 per credit hour making the total cost of tuition $34,125. Some students of the business school have reported an average early career salary of $60,200 after graduation showing a positive return on the investment of education. Interested applicants are encouraged to complete an online application with application fee, and submit a personal statement, resume, two letters of recommendation, official GMAT results, and all transcripts from previous universities to the admissions office. Those students who have already achieved a J.D or Ph.D. are not required to submit a GMAT or GRE test score as a part of the application process. Core courses for this program include Financial Analysis, Quantitative Analysis, Strategic Analysis & the Competitive Environment, Information Systems for Competitive Advantage, Organizational Leadership & Change, and Integrated Business Project & Case Analysis. Receiving its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, the Raymond J. Harbert College of Business has been recognized by the Princeton Review as having the 14th best online MBA in the country and U.S. News & World Report for offering the 10th best degree in the nation.

Commonly heralded as Alabama’s first public land-grant university after the Morrill Act of 1872, Auburn University receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges. With a founding affiliation with the Methodist Episcopal Church, South, the school was established in 1856 as the East Alabama Male College. The school was later renamed the Agricultural and Mechanical College of Alabama before becoming the first co-educational school in the state. Auburn achieved its university status in 1960. Located in Auburn, Alabama, the university currently exists as a four-year, public institution of higher learning which offers undergraduate, graduate, and doctoral degrees to the 28,290 students enrolled there. Auburn reports a solid graduation rate of 75% and is now one of the few in the United States designated as a land-grant, sea-grant, and space-grant, research center.

Estimated Program Tuition: $34,125

#14 George Washington University School of Business – Washington, District of Columbia


George Washington University features an online Master’s of Business Administration at its School of Business. The School of Business has recently been recognized as offering the #15 best online MBA in the world by Quacquarelli Symonds.

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The School of Business at George Washington University offers an online Master’s of Business Administration with a specialization in Consulting, Finance, Global Management, Government Contracts, Information Systems and Technology Management, or Project Management. This 55.5-credit hour program is priced at $1,765 per credit making the total cost of tuition $97,957. An average early career salary of $79,000 has been reported by some students of the School of Business after graduating revealing a healthy return on the investment of education. With three start times each year and a schedule based on six credit hours taken each semester, all coursework for this degree is completed 100% online. Each class includes an hour of instructor-led live classroom sessions featuring “lectures, case discussion, and/or group activities.” The business school has recently been recognized as the 15th best online MBA in the world by Quacquarelli Symonds, the 29th best program in the country by U.S. News & World Report, and the #6 best online MBA in the nation by the Princeton Review. The School of Business receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business. Required courses include a year’s worth of Foundational Business Fundamentals including Financial Accounting, Global Perspectives, Business Ethics, Judgment, Uncertainty and Decisions, Nature of Markets, Data Analysis and Decisions, and Marketing Decisions followed by a second year’s worth of Advanced Business Fundamentals.

George Washington University is a four-year, private not-for-profit institution of higher learning which currently oversees 27,159 students seeking degrees at the associate, undergraduate, graduate, and doctoral levels. Receiving its regional accreditation through the Middle States Commission on Higher Education, GWU reports a strong graduation rate of 84%. With a national reputation as one the country’s “Most Politically Active” institutions of higher education, GWU has equipped many notable politicians and business leaders through the years including Senate Minority Leaders, Presidential staffers, and even former First Ladies. Plans for the university were set into motion by an act of Congress in 1821. Although it was first known as Columbian College, the university would later be renamed in 1904 to honor of the nation’s first president.

Estimated Program Tuition: $97,957

#13 Ball State University Miller College of Business – Muncie, Indiana


An online Master’s of Business Administration is featured at the Miller College of Business at Ball State University. Featuring a very affordable total tuition rate of just $12,060, applicants with a JD, PhD, PharmD, or MD, are not required to present GMAT or GRE test scores during the application process.

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The Miller College of Business at Ball State University offers an online Master’s of Business Administration with a specialization in Entrepreneurship, Finance, Health Economics, Policy, and Administration, Logistics and Supply Chain Management, or Sales Management and a Certificate in Business Essentials for Professionals, Health Economics, Policy, and Administration, or Professional Sales Management. This 30-credit program is priced at $402 per credit making the total cost of tuition an incredibly low $12,060. An average early career salary of $49,400 has been reported by some students of the Miller College of Business after graduation reflecting a positive return on the investment of education. Recently recognized as offering the 24th best program in the U.S. by Princeton Review and awarded the 12th best in the nation by U.S. News & World Report, the business school receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business. While this program offers three start dates each calendar year, the business school puts flexibility and accessibility as a high priority in distance learning by allowing students the opportunity to complete courses on-campus, online, or a combination of the two. The 10 courses required for this 100% online MBA include eight core courses including Entrepreneurial Leadership, Statistics and Quantitative Methods, Information Systems, Accounting and Decision Making, Economic Analysis for Managers, Managerial Finance, Marketing Management, and Global Strategic Management and two electives chosen within the concentration-focused courses.

Home of the Cardinals, the seven men’s varsity teams and 12 women’s varsity teams at Ball State University wear the official school colors of cardinal and white while competing at the NCAA Division I level as members of the Mid-American Conference. This four-year public research university in Muncie, Indiana which offers programs at the associate, undergraduate, graduate, and doctoral levels to the 21,998 students currently enrolled there. Founded as the Indiana State Normal School in 1918, Ball State University began meeting for classes with a student body of 235 with the purpose of educating public school teachers for the state of Indiana.

Estimated Program Tuition: $12,060

#12 Babson College F.W. Olin Graduate School of Business – Wellesley, Massachusetts


A Blended Learning Master’s of Business Administration is offered in the F.W. Olin Graduate School of Business at Babson College. While the business school at Babson receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business, GMAT or GRE scores are not required for most Blended Learning program candidates.

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Babson College features a Blended Learning Master’s of Business Administration with concentration choices of Business Analytics, Entrepreneurship, Finance, Global Management, or Marketing at the F.W. Olin Graduate School of Business. Priced at $1,853 per credit hour, this 46-credit hour program features a total tuition rate of $85,238. An average early career salary of $96,800 has been reported by some students of the business school after graduating reflecting a positive return on the investment of education. Recently recognized by both the Princeton Review and Financial Times as offering the 8th best online MBA program in the nation, the business school receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. This 46-credit hour Blended Learning program has been designed to include the advantages of a cohort-based on-campus degree with the flexibility and convenience of an online program. The short-term residencies planned every seven weeks allow students to network with one another and form close-knit interactive professional relationships which often serve their business careers in the future. Core courses for this degree include Introduction to Financial Management, Law, Marketing, and Managerial Economics, Entrepreneurship and Opportunity, Creating and Leading Effective Organizations, Financial Reporting, Managing Talent: Your Own and Others, and Strategy, Data, Models and Decisions.

With an original student body of just 27 students, Babson College got its start when Roger and Grace Babson set out to educate its students over the topics of finance, production, and distribution over one year as opposed to the typical four-year plan most schools supported. Founded in 1919, classes originally met in the couple’s home in Wellesley Hills in Wellesley, Pennsylvania. Today the school exists as a four-year, private not-for-profit college offering undergraduate and graduate degrees to the 3,165 students currently enrolled there. Babson receives its regional accreditation through the New England Association of Schools and Colleges, Commission on Institutions of Higher Education. The 22 men’s and women’s varsity teams at Babson compete at the NCAA Division III level as members of the New England Women’s and Men’s Athletic Conference.

Estimated Program Tuition: $85,238

#11 University of North Texas College of Business – Denton, Texas


The University of North Texas’ College of Business features an online Master’s of Business Administration with a specialization in Finance, Marketing, Strategic Management, or Organizational Behavior. While this 36-credit hour program offers an accessible total tuition rate of $25,237, candidates with high academic qualifications can waive the GMAT requirement during the application process.

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The College of Business at the University of North Texas offers an online Master’s of Business Administration with a concentration in Finance, Marketing, Strategic Management, or Organizational Behavior. This 36-credit hour program is priced at $701 per credit-hour making the total cost of tuition an affordable $25,237. An average early career salary of $59,900 has been reported by some students of the business school revealing a positive return on the investment of education. The College of Business has recently been recognized by U.S. News & World Report as offering the 55th best online MBA in the nation while the Princeton Review hails it as the 21st among the nation’s top programs. This 36-credit program is divided between 18 hours of core courses, 12 hours of required courses, and two elective courses chosen through consultation with the departmental advisor of Theory and Application of Financial Derivatives, Theory of Finance, and Contemporary Issues in Finance. With three acceptance deadlines advertised, candidates for this program are encouraged to complete an online application with $75 fee, submit GMAT/GRE results, a 600-word essay, current resume, and two letters of recommendation into the Graduate Programs office. UNT undergraduate degree holders with a cumulative GPA of 3.5 or higher will receive a GMAT score waiver while a UNT Honors College graduates with a cumulative GPA of 3.5 or higher will be considered for a GMAT waiver.

University of North Texas is a four-year, public research school in Denton, Texas that got its start as the Texas Normal College and Teachers Training Institute in 1890. While UNT’s main campus is situated in Denton, Texas, the school also maintains learning centers in nearby Dallas and Fort Worth. Home of the “Mean Green”, the varsity sports teams at UNT wear green white and black as they compete at the NCAA Division I level as members of the Conference USA. Currently reporting a graduation rate of 52%, the university currently offers the 38,145 students enrolled there an array of degrees at the undergraduate, graduate, and doctoral levels. Comprised of two schools and ten colleges, UNT receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges.

Estimated Program Tuition: $25,237

#10 Lehigh University College of Business and Economics – Bethlehem, Pennsylvania


An online Master’s of Business Administration is featured at the College of Business and Economics at Lehigh University. Candidates with ten years of professional experience, six years of professional experience combined with a graduate’s degree, or holding an academic doctorate, juris doctorate, or medical doctorate are automatically exempt from needing to submit GMAT or GRE scores for acceptance into this prestigious program.

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Lehigh University offers an online Master’s of Business Administration with a focus in Corporate Entrepreneurship, Finance, International Business, Marketing, Project Management, or Supply Chain Management at its College of Business. This 36-credit hour degree is priced at $1,075 per credit hour making the total tuition fee $38,700. Some students of the business school have reported an average early career salary of $69,100 after graduation reflecting a positive return on the investment of education. The business school receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. Candidates for this program are encouraged to submit an online application with $75 fee, essay, current resume, GMAT/GRE results, official transcripts, and two letters of recommendation into the admissions office at the business school. Applicants with ten years of professional experience, six years of professional experience combined with a graduate’s degree, or holding an academic doctorate, juris doctorate, or medical doctorate are automatically exempt from needing to submit GMAT or GRE scores for acceptance into this program. The College of Business and Economics has recently been recognized as offering the 21st best online MBA in the country by U.S. News & World Report and the 25th best program in the nation by Quacquarelli Symonds. Lehigh’s Flex MBA allows distance learners to attend classes through Classroom Live, a series of real-time classroom-based lessons, or through Classroom Online, which allows students to view pre-recorded class videos at their convenience online. Both Classroom Live and Classroom Online are 100% online formats, both feature three start times each year, and both typically take between 24 and 72 months to complete. All concentration-intensive courses are taken on campus.

Receiving it regional accreditation through the Middle States Commission on Higher Education, Lehigh University is a four-year, private not-for-profit institution of higher learning which features the P.C. Rossin College of Engineering and Applied Science, College of Business and Economics, College of Arts and Sciences, and College of Education. Operating under the official school motto of “Man, the Servant and Interpreter of Nature”, Lehigh features a main campus in Bethlehem, Pennsylvania. Home of the Mountain Hawks, the 25 men’s and women’s varsity sports teams at Lehigh compete at the NCAA Division I level within the Patriot League. The school’s current enrollment is 7,059 students who are seeking degrees at the undergraduate, graduate, and doctoral levels. Lehigh reports an above-average graduation rate of 89%.

Estimated Program Tuition: $38,700

#9 Colorado State University College of Business – Fort Collins, Colorado


An online Master’s of Business Administration with a focus in Computer Information Systems, Finance, Marketing, or Professional Enrichment is featured in the College of Business at Colorado State University. This 42-credit hour program offers a total tuition rate of $39,732, and candidates interested in applying are not required to submit a GMAT score.

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Colorado State University offers an online Master’s of Business Administration with a specialization in Computer Information Systems, Finance, Marketing, or Professional Enrichment at its College of Business. This online degree is divided between core courses including Business Systems and Processes, Quantitative Business Analysis, Accounting Concepts, Managerial Accounting, Financial Reporting and Analysis, Business Economics for the World Market, and Financial Principles and Practice and six elective credits. This 42-credit hour program is priced at $946 per credit making the total cost of tuition $39,732. An average early career salary of $70,300 has been reported by some students after graduating from the College of Business reflecting a positive return on the investment of education. Recently recognized by Financial Times for offering the 19th best online MBA program in the nation, the College of Business receives its stellar business accreditation through the Association to Advance Collegiate Schools of Business. This program has been designed with flexibility in mind as all coursework can be completed in as few as 21 months or if students need a slower pace, they can take as long as five years to graduate.

Widely known as the flagship school of the Colorado State University System, Colorado State University is situated on a main campus in Fort Collins, Colorado. The school offers degrees at the undergraduate, graduate, and doctoral levels to the 31,858 students currently enrolled there. This four-year, public research institution of higher learning receives its regional accreditation through the Higher Learning Commission and reports a graduation rate of 56%. The 11 women’s and 6 men’s varsity sports teams at Colorado State wear the school’s official colors of green, gold, and white while competing at the NCAA Division I level within the Mountain West Conference.

Estimated Program Tuition: $39,732

#8 University of Arizona Eller College of Management –Tucson, Arizona


An online Master’s of Business Administration is offered in the elite University of Arizona’s Eller College of Management. This 45-unit program is bolstered by the business school’s recent recognition as the 55th best online MBA program in the nation by U.S. News & World Report, and qualifying candidates with the proper academic experience may waive the GMAT requirement during the application process.

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The University of Arizona features an online Master’s of Business Administration with a concentration in Entrepreneurship, Health Care, Finance, Management and Organizations, Management Information Systems, or Marketing at its Eller College of Management. The business school has recently been recognized as offering the 19th best online MBA program in the nation by the Princeton Review and ranked #55 by U.S. News & World Report. This 45-unit 100% online program is divided into 28 core units and 17 elective units at a cost of $1,000 per unit making the total tuition cost $45,000. Some students of the Eller College of Management have reported an average early career salary of $74,000 after graduation revealing a strong return on the investment of education. The Eller College of Management receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. Students seeking an accelerated experience can structure their course load and complete all requirements for the degree in as few as 14 months or take as long as five years to graduate if their work schedule dictates a slower pace. Potential students interested in this program are encouraged to contact the admissions office with any questions they may have. Graduate students looking to apply should submit an online application with $100 application fee, an essay, professional resume, two professional letters of recommendation, a copy of official transcripts, and GMAT/GRE results to the admissions office. Veterans and actively serving U.S. military personnel, bachelor’s degree holders with at least a 3.0 GPA from a STEM (science, technology, engineering, or math) discipline, are eligible for a GMAT waiver. Applicants holding a terminal degree such as MD, JD, or Ph.D. may also receive a GMAT waiver.

Established in 1885 as the Arizona Normal School, today’s University of Arizona was first founded with the intent of educating public school teachers in the southwest territories. Just two years later, the leadership at the school began construction of Old Main, the first and oldest building on the campus, which still stands as a reminder of the school’s traditions. The university is situated on a main campus in Tucson and offers undergraduate, graduate, and doctoral degrees to the 43,161 students currently enrolled there. The men’s and women’s varsity teams, which compete under the nickname of the Wildcats, compete at the NCAA Division I-A level as part of the Pac-12 Conference. Reporting a 60% graduation rate among its students, Arizona receives its regional accreditation through the North Central Association of Colleges and Schools, The Higher Learning Commission.

Estimated Program Tuition: $45,000

#7 University of Illinois at Urbana-Champaign College of Business – Champaign, Illinois


The College of Business at the University of Illinois at Urbana-Champaign offers an online Master’s of Business Administration. As this program features an accessible tuition rate of just $18,000, interested applicants are encouraged to submit a GMAT or GRE score but are not required in order to be considered for this program.

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The University of Illinois at Urbana-Champaign’s College of Business features an online Master’s of Business Administration with a concentration in Digital Marketing, Global Challenges in Business, or Innovation: From Creativity to Entrepreneurship. While the College of Business receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business, its recent recognitions include Poets & Quants awarding the school as offering a top 50 100% online MBA in the nation. This 18-course/72-credit hour program is priced at $250 per credit hour making the total cost of tuition an affordable $18,000. An average early career salary of $88,000 has been reported by some students of the College of Business after graduating reflecting a strong return on the investment of education. Core courses within this program include Everyday Leadership, Designing & Managing Organizations, Strategic Management, Firm-Level Economics, Country Level Economics, Business Statistics, Data Analysis & Decision Making, Managerial Accounting, Process Management, and Marketing Management. While a GMAT or GRE is not a required component of a complete application, standardized test score submissions are encouraged by the admissions office.

Operating under the official school motto of “Learning and Labor”, the University of Illinois at Urbana-Champaign receives its regional accreditation through the North Central Association of Colleges and Schools, The Higher Learning Commission. Currently offering degrees at the undergraduate, graduate, and doctoral levels (both on-campus and online through distance learning), the school was established in 1867 and today is a land-grant institution within the twin cities of Champaign and Urbana. The university is the founding member of the Big Ten Conference and the flagship university within the University of Illinois State System. 46,951 students are enrolled at this four-year, public university which reports a solid graduation rate of 85%.

Estimated Program Tuition: $18,000

#6 Florida International University College of Business – Miami, Florida


Florida International University’s College of Business offers a prestigious online Master’s of Business Administration. While the College of Business has been recognized as offering the 21st best in the world online MBA by Quacquarelli Symonds, candidates with four years of professional work experience can waive the GMAT.

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The College of Business at Florida International University features an online Master’s of Business Administration with a concentration in Entrepreneurship and Innovation, Finance, International Business, Marketing Channel Strategy, Strategic Negotiations, or Business Analytics. Core courses for this degree include Competitive Strategy, Accounting for Managers, Corporate Finance, Business Analysis for Decision Making, Operations Management, Marketing Management in the Global Environment, Financial Reporting and Analysis, International Business, and Global Financial Strategy. This 42-credit hour MBA features a per-credit cost of $1,000 making the total cost of tuition $42,000. Some students of the College of Business have reported an average early career salary of $58,100 after graduating reflecting a solid return on the investment of education. While the Financial Times has recognized the business school as offering the 16th best online MBA in the country, U.S. News & World Report has awarded the business school their spot as the 42nd best program in the country. One of the most notable recognitions the business school has in recent years is Quacquarelli Symonds’ listing this program as the 21st best in the world. The College of Business receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. While candidates interested in this degree with at least four years of professional work experience can waive the GMAT requirement during the application process, students seeking an accelerated rate for completion can finish all coursework for this degree in as few as 18 months.

Florida International University features a main campus in University Park, and another major campus in Miami-Dade County, Florida. Under the official school motto of “Hope, Knowledge, Opportunity”, FIU was founded in 1965 after then-Florida Senator Robert M. Haverfield introduced a bill for a new state university in Florida. Today the school exists as the largest institution of higher learning in South Florida and the second-largest in the state. This four-year, public university offers degrees at the associate, undergraduate, graduate, and doctoral levels to the 55,003 students currently enrolled there. The official school colors are blue and gold while the school’s mascot is Roary the Panther.

Estimated Program Tuition: $42,000

#5 Syracuse University Martin J. Whitman School of Management – Syracuse, New York


An online Master’s of Business Administration is offered at the Martin J. Whitman School of Management at Syracuse University. There is no GMAT or GRE score requirement for candidates interested in this award-winning 54-credit hour program if they possess at least five years of professional work experience.

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The Martin J. Whitman School of Management at Syracuse University features an online Master’s of Business Administration with a concentration in Accounting, Business Analytics, Entrepreneurship, Finance, Marketing Management, or Supply Chain Management. This 100% online MBA has been divided between 36 credits of core courses, 15 credits of concentration-specific electives, and three credits of U.S. and global residencies. Core courses within this program include Data Analysis and Decision Making, Global Entrepreneurial Management, Financial Accounting, Leadership in Organizations, Managerial Accounting, Strategic Management, Microeconomics, and Legal and Ethical Environment of Business. The business school has been the recent recipient of recognition from Financial Times as offering the 10th best online MBA in the country, 20th best in the nation by the Princeton Review, and 47th in the nation by U.S. News & World Report. Quacquarelli Symonds has also deemed the business school as featuring the 28th best online MBA on the planet. Priced at $1,500 per credit, this 54-credit hour program features a total tuition rate of $81,000. An average early career salary of $59,800 has been reported by some students of the Martin J. Whitman School of Management reflecting a strong return on the investment of education. The business school receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business. Candidates with at least five years of professional work experience can waive the GMAT requirement during the application process of this program.

Syracuse University is a four-year, private not-for-profit institution of higher learning with a main campus located in Syracuse, New York. With a large student body of 21,970, the school currently offers degrees at the associate, undergraduate, graduate, and doctoral levels. Syracuse receives its regional accreditation through the Middle States Commission on Higher Education and reports a high 82% graduation rate among its students. The university was chartered in 1870 after a combined donation of $100,000 from the city of Syracuse and a $25,000 gift from Bishop Jesse Truesdell Peck. Home of the Orange, the athletic department at ‘Cuse has a long-standing tradition of success.

Estimated Program Tuition: $81,000

#4 Drexel University Bennett S. LeBow College of Business – Philadelphia, Pennsylvania


The Bennett S. Lebow College of Business at Drexel University offers an online Master’s of Business Administration. While qualified candidates with the proper academic experience can waive the GMAT requirement, this 49-credit hour program is backed by the business school’s recent recognition by Quacquarelli Symonds as providing the 18th best online MBA in the world.

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Drexel University’s Bennett S. Lebow College of Business features an online Master’s of Business Administration with an emphasis in Accounting, Business Analytics, Entrepreneurship/Innovation Management, Finance, Healthcare Management, Marketing, or Supply Chain and Logistics. The Bennett S. Lebow College of Business has recently been recognized by U.S. News & World Report as offering the 61st best online MBA in the nation, by Financial Times as having the 20th best program in the U.S., and by Quacquarelli Symonds Distance as offering the 18th best online MBA in the world. Students needing an accelerated experience can complete all requirements for this 100% online part-time cohort-based program in as few as 24 months. The business school receives its excellent business accreditation through the Association to Advance Collegiate Schools of Business. Core courses within this 49-quarter credit degree include Managerial Economics, Managing & Leading the Total Enterprise, Introduction to Statistics for Business Analytics, Legal Options in Decision Making, Strategy Analysis, Leading High-Performance Teams, and Essentials of Financial Reporting. In addition to the core courses, this degree also includes one capstone course and four specialization-intensive electives. Priced at $1,306 per credit, this 49-credit MBA features a total tuition cost of $63,994.

With an official school motto reflecting their values for “Science, Industry, Art”, Drexel University was established in 1891 by Anthony J. Drexel who had a vision for a university that would provide a quality education in the “practical arts and sciences” to men and women of all backgrounds. First labeled the Drexel Institute of Art, Science and Industry, the school achieved its university status in 1907. Today Drexel University exists as a four-year private not-for-profit institution of higher education currently overseeing 24,232 students with a choice of associate, 70 undergraduate degrees, over 100 graduate, doctoral, and professional programs. Receiving its regional accreditation through the Middle States Commission on Higher Education, Drexel reports a 70% graduation rate.

Estimated Program Tuition: $63,994

#3 North Carolina State University Poole College of Management – Raleigh, North Carolina


The Poole College of Management at North Carolina State University offers an online Master’s of Business Administration. While all students may submit a GMAT-GRE Waiver Request Form during the application process, students with a J.D, Ph.D., Pharm. D., or M.D. are automatically exempt from providing GMAT or GRE results.

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A Professional Online Master’s of Business Administration with a choice of a Depth Area in BioSciences Management, Financial Management, Innovation Management, Marketing Management, Supply Chain Management, or Entrepreneurship & Technology Commercialization is featured at the Poole College of Management at North Carolina State University. This 40-credit hour program is priced at $1,108 per credit hour for a total tuition fee of $44,320. An average early career salary of $65,000 has been reported by some students of the Poole College of Management reflecting a solid return on the investment of education. Students seeking an accelerated academic experience can complete all requirements for this degree in as few as 21 months or take as long as six years if a work schedule dictates it. While the majority of the coursework for this degree can be completed online, the business school does require its students to take part in just two on-campus residencies to experience face-to-face teaching, dynamic group projects, and networking benefits. Receiving its excellent business accreditation through the Association to Advance Collegiate Schools of Business, the Poole College of Management has recently been recognized by the Financial Times and U.S. News & World Report as offering the 18th best online MBA in the nation and the 9th best in the U.S. by the Princeton Review. Core courses for this degree include Economics & Managerial Accounting, Statistics & Marketing, Critical Thinking and Communications, Financial Accounting and Finance, Strategy, Statistics 2 & Operations/Supply Chain Management, and Analytics.

Home of the Wolfpack, the 11 men’s varsity teams and 11 women’s varsity teams at North Carolina State University compete at the NCAA Division I level as members of the Atlantic Coast Conference. This four-year, urban, public university’s main athletic rivalry is the University of North Carolina Tar Heels. Overseeing a student body of 33,755, the university offers degrees at the associate, undergraduate, graduate, and doctoral levels. Reporting a solid graduation rate of 77%, NCSU receives its regional accreditation through the Southern Association of Colleges and Schools, Commission on Colleges.

Estimated Program Tuition: $44,320

#2 Northeastern University D’Amore-McKim School of Business – Boston, Massachusetts


The D’Amore-McKim School of Business at Northeastern University features a highly esteemed online Master’s of Business Administration. Qualifying students with the proper academic and professional work experience may waive the GMAT/GRE requirement during the application process.

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An online Master’s of Business Administration with a focus in Finance, Healthcare Management, High Technology Management, Innovation Entrepreneurship, International Management, Marketing, Supply Chain Management, or Sustainability is offered at Northeastern University’s D’Amore-McKim School of Business. This 50-credit hour program is priced at $1,560 per credit making the total cost of tuition $78,000. An average early career salary of $73,000 has been reported by some students of the D’Amore-McKim School of Business after graduation showing a healthy return on the investment of education. The business school has recently been recognized for offering the 17th best online MBA in the country by the Princeton Review, the 13th best in the U.S. by Financial Times, and the 42nd best program in the nation by U.S. News & World Report. Quacquarelli Symonds has awarded the D’Amore-McKim School of Business the 17th best online MBA program spot in the world. The 100% online MBA is divided between 13 core courses and five concentration-intensive electives. Core courses within this program include Finance, Healthcare Management, High Technology Management, Innovation Entrepreneurship, International Management, Marketing, Supply Chain Management, and Sustainability. The D’Amore-McKim School of Business receives its exemplary business accreditation through the Association to Advance Collegiate Schools of Business.

Featuring a main campus in Boston, Massachusetts, Northeastern University is a four-year, private not-for-profit school which receives its regional accreditation through the New England Association of Schools and Colleges, Commission on Institutions of Higher Education. Originally founded as the Evening Institute for Younger Men in 1898, students first met in classrooms at the Huntington Avenue YMCA. The school became Northeastern College in 1916 after the passing of a bill in the Massachusetts Legislature. Offering degrees at the undergraduate, graduate, and doctoral levels, the current enrollment of NU is 20,381.

Estimated Program Tuition: $78,000

#1 University of Nebraska, Lincoln College of Business Administration – Lincoln, Nebraska


The University of Nebraska-Lincoln’s College of Business Administration offers a top online Master’s of Business Administration. Qualifying students, including those who hold a Ph.D., JD, MD or Pharm D, or are currently enrolled in medical school, do not have to submit a GMAT or GRE score in order to be accepted into this prestigious program.

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An online Master’s of Business Administration with concentration options in Business Analytics, Finance, International Business, Marketing, or Supply Chain Management is featured at the College of Business Administration at the University of Nebraska, Lincoln. This 48-credit hour program is priced at $600 per credit hour making the total cost of tuition $28,800. An average early career salary of $52,900 has been reported by some students upon graduating from the College of Business Administration showing a healthy return on the investment of education. Nine hours of this online MBA are offered as electives while 39 hours of core courses include Intro to Business Strategy, Financial Accounting, Managerial Finance, Managerial Economics, Managerial Marketing, Applied Organizational Behavior, Supply Chain Management, Human Resource Management, and Strategic Management and Business Policy. Interested applicants who hold a Ph.D., JD, MD or Pharm D, are currently enrolled in medical school, or who are taking coursework through the Nebraska College of Law, are not required to submit a GMAT or GRE score for acceptance into this program. As students with seven or more years of significant managerial, operational or decision-making experience and an acceptable undergraduate GPA are not required to submit a GMAT score, a reference must be submitted in order to validate work experience. Receiving its exemplary business accreditation through the AACSB, the College of Business Administration has recently been recognized as offering the 21st best online MBA in the nation by U.S. News & World Report, the 16th best by the Princeton Review, and the 40th best online MBA on the planet by Quacquarelli Symonds.

Receiving its accreditation through the Higher Learning Commission, the University of Nebraska, Lincoln reports a graduation rate of 67% and currently offers degrees at the associate, undergraduate, graduate, and doctoral levels to the student body of 25,897. Home of the Cornhuskers, the 21 men’s and women’s varsity sports teams at Nebraska compete at the NCAA Division I level within the Big Ten Conference. Wearing the official school colors of scarlet and cream, the football team is one of the flagship athletic programs at the school which features three Heisman Trophy winners and five national championships, the earliest being in 1970 and the latest being won in 1997.

Estimated Program Tuition: $28,800

No-GMAT Online MBA Ranking Methodology

A list of over 450 online MBA programs was obtained and then vetted based three factors:

Accreditation: Accreditation should always plays a major part when researching prospective business degrees. Accreditation directly affects value and program brand recognition, which in turn affects the competitive advantage of each graduate in the job market. Every online MBA program included in this best value ranking is regionally accredited by one of the six accrediting agencies recognized by the US Department of Education. Each program was also evaluated on whether they hold an additional business accreditation from one of the top three business school accrediting institutions: IACBE, ACBSP, and AACSB-International.

Estimated Tuition Cost: Each Online MBA program was evaluated based on their estimated total base tuition cost. This figure gives insight on accessibility, affordability, and possible return on investment. Each tuition figure was gathered from the most recent data given on each program or school website. This financial data was calculated for the entirety of the degree, but does not included fees, books, or room and board, with the exception of programs that only offer all-inclusive figures. In the event that a school offers a lower in-state tuition cost, the in-state pricing was used. The lowest online MBA tuition in this ranking is $10,680, the highest came in at $1114,078, with the average resting at $41,434.

PayScale Early Career Salary: The salary data is highlighted because it provides insight on a possible financial ROI from a particular online MBA program. This data is collected from the 2016-17  PayScale College Salary Report . The early-career salary data reports the median salary for recent alumni, from each school’s master’s or MBA program, that have 0-5 years of experience. The highest early career salary reported in this ranking is $102,000, the lowest came in at $41,500, with the average resting at $62,832.

Prestige: The prestige for each program was calculated by evaluating rankings from some of the most prestigious educational rankings systems for online MBA programs, and finding how many rankings included their program. The ranking systems researched are  US News and World Report’s Online MBA Ranking , the  Princeton Review’s Online MBA Ranking , the  Financial Times’ Global Online MBA Ranking , and  Quacquarelli Symonds’ Distance Online MBA Ranking .

All of the data for each of the four factors was weighted equally and then averaged. This average score provided the ranking order for this list. By evaluating the accreditation, estimated tuition cost, early-career salary, and prestige, this ranking can help prospective students find the highest quality No-GMAT Online MBA program.