No GMAT? Check Out Some of Our Favorites Schools that Offer Waivers
Applying to MBA programs can be a labor intensive and overwhelming task, and one may wonder how necessary it is to add the GMAT to an already lengthy to-do list. It’s important to note that the GMAT helps admissions boards to efficiently gauge a student’s overall readiness for the MBA in comparison to other applicants, regardless of the rigor of their undergraduate work. Also, b-schools use the average GMAT of successful applicants in order to bolster their rankings in certain publications. Some programs do, however, accept GMAT waivers.
Here is a look at some top schools that do not require GMAT scores, along with a summary of their waiver requirements.
The Rutgers Business School offers MBA students to forego the GMAT or GRE if they have eight or more years of professional experience and an undergraduate GPA of 3.0 or higher. Students with a Master’s degree and at least five years of full-time work experience may also apply without taking the GMAT.
La Salle University has several possibilities for students who have not taken the GMAT. Potential MBAs can obtain a waiver if they have graduated from an AACSB-accredited school with a minimum cumulative GPA of 3.2; a minimum GPA of 3.0; and three years of work experience. La Salle’s MBA program director evaluates each applicant’s work experience to determine whether the waiver may be granted.
Applicants with a CPA license or a CFA Charter may also apply without the GMAT, as may those with a Ph.D. or a Master’s degree or higher from an accredited institution. A cumulative GPA of 3.0 or higher is required for applicants with a Master’s degree.
LaSalle also has a ‘qualified admission’ option in which a student with two years’ work experience and a GPA of 3.0 or higher from an accredited school can waive the GMAT requirement. Qualified students may take up to four MBA courses, and with an overall GPA of 3.3, will not be required to take the GMAT. ‘Conditional Acceptance’ is also an option, in which a limited number of students are admitted for one semester, but then must take the test in order to remain enrolled and gain financial aid eligibility.
University of Delaware’s Lerner College of Business and Economics gives waivers to MBA students if they possess a terminal degree (Ph.D., MD, or JD, for example) or if they have four or more years of professional experience at the full-time level. Other conditions under which a student may apply with no GMAT are a minimum undergraduate GPA of 2.8; a minimum grade of ‘B’ in two non-introductory level statistics or calculus courses; and an acceptable level of writing ability and English proficiency.
Lerner also grants exceptions to the GMAT requirement for undergraduates of the school who have fewer of four years of work experience and a GPA of 3.0 or higher, in addition to ‘B’ grades or better in 200 level statistics or math courses.
The Pace University Lubin School of Business MBA admissions board considers waivers of GMAT scores for students with a 3.2 GPA or above for all undergraduate coursework. For those applying to the one year fast track MBA in Financial Management or Marketing Management, applicants need a cumulative GPA of 3.3 or above and a B grade or better in all undergraduate business courses.
Babson College’s F.W. Olin College of Business offers GMAT waivers to all applicants to the Blended Learning MBA program, as students applying to this track are required to have extensive work experience. Additionally, those applying to Babson’s evening MBA do not have to submit GMAT scores in certain circumstances, such as a grade of ‘B’ or better in two or more quantitative undergrad and/or graduate courses or exhibited quantitative and analytic skills in a work setting.
Babson evening MBA applicants who have a professional certificate with a quantitative focus such as a CPA or CFA may also apply without taking the GMAT. Other instances in which evening MBAs may apply without the test are a 3.0 GPA or greater throughout their undergrad degrees, a prior degree from Babson, or completion of Babson’s Certificate in Advanced Management (CAM) program.
The GMAT requirement may also be waived at DePaul University’s Kellstadt Graduate School of Business if an applicant meets some specific criteria. With a bachelor’s degree from an accredited university along with five years of work experience, a student may petition for a waiver. Work experience must include both management and quantitative responsibilities.
Like other programs mentioned above, the GMAT may not be required if a student already has a PhD, JD or MD, or a Master’s degree in finance. An LSAT score of 160 or higher along with an undergraduate degree, or completion of all parts of the PE exam may also exempt an applicant from the GMAT requirement.
Students applying to the part-time MBA program who have attended DePaul’s Driehaus College of Business for their undergraduate work may receive a waiver with a minimum GPA of 3.2 and at least two years of work experience.
Suffolk University’s Sawyer School of Business allows students who have taken the CPA exam to request a waiver, and also those who have taken the first level of either the CFA or the FRM exams. Second semester seniors and undergraduate business students applying for an MBA may waive the GMAT with a cumulative GPA of 3.3 or greater.
Students with work experience and certain GPA requirements may waive the GMAT; those who have worked for two years in a relevant position with an average grade point of 3.4 may request a waiver, as can those who have four years of work experience and a 3.3 GPA. With six years of work experience and at least a 3.2 GPA, an applicant may also waive the submission.
Law school graduates (from ABA approved schools), along with MSA, MSF, MSBA or MST from an AACSB approved institution are eligible for waivers. Sawyer allows MBA applicants who are in their second senior semester of undergraduate music management at Berklee College to request a GMAT waiver as well, provided the student maintains a 3.3 minimum GPA. Recent Berklee graduates may also request exemption from the GMAT requirement.
Golden Gate University’s Edward S. Ageno School of Business has several options for students who wish to apply without the GMAT. Those with a Master’s degree or higher from any accredited US institution may be exempt, along with any applicant with a 3.5 GPA or greater during undergraduate studies. Applicants with a CPA or other professional license may also petition for the waiver.
Any applicant with proven work experience of five years or more and/or management experience are eligible to waive the submission with approval from the Dean.
At UNC’s Kenan-Flagler Business School, applicants with a CPA or CFA license are eligible for waivers, as are those with a Master’s or Ph.D. in a technical field. Kenan-Flagler does not list minimum GPA requirements for eligibility, and professional experience is evaluated on a case-by-case basis.
It’s also important to note that Executive MBA programs typically offer GMAT waivers. However, applicants usually possess extensive management experience before enrolling.
7 Best Schools that Specialize in Supply Chain Management
Supply chain management delves into business at the big-picture level. It puts all the operations together to ensure that everything functions smoothly. It’s the ideal position for individuals who are interested in managing people, organizing moving parts, and analyzing global trends.
According to the Bureau of Labor and Statistics, supply chain management and operations is a fast-growing career field. The employment rate is expected to increase by 7 percent by 2026. It’s also an industry with high salary potential with additional earning opportunities due to commissions and bonuses.
Earning an MBA in supply chain management opens up a host of opportunities to work as an inventory control manager, purchasing manager, vendor managed inventory coordinator, warehouse operations manager, and more. And almost every company needs quality employees in the field, which means you could find yourself working in retail, healthcare, technology, and more.
If that sounds of interest to you, the key is finding the right MBA program for success. Below, we’ve outlined our top seven picks for MBA programs in supply management. Continue reading…
New MBA Jobs at Five Tech Giants
As the line between business and information technology industries continues to blur, more and more professionals are looking to business schools and MBA programs to get them into the tech industry. Here’s a rundown of some New MBA jobs at five different tech giants: Continue reading…
Oxford Saïd MBA Employment Rises Alongside Tech Industry Interest and New School Research
There’s no doubt that the tech industry and the MBA are becoming cozier. From fintech to well-known tech firms, MBAs are chasing after jobs at tech companies and vice versa. And this shift has definitely been felt and reflected at the University of Oxford Saïd Business School.
Over the last several weeks, the school has been talking up the importance of tech. It starts with the release of the latest Oxford MBA employment report, revealing that the employment rate had risen to 91 percent. It continues with the revelation that more MBAs are heading into the tech industry than ever before. From there, Saïd released a new research report, “Understanding Chief Digital Officers” to find out about this new position and how people can succeed in this new tech role.
As we said, it’s been a few busy weeks. So, we’ll take you on a brief deep-dive of the latest Oxford Saïd MBA tech news
Oxford MBAs Exhibit Mobility, Capability, and Interest in Tech
Although the UK is still facing a challenging economic environment, Oxford Saïd MBAs are overcoming. This year, the employment rate rose to 91 percent, and the average salary increased to £71,550, both of which are reliable indicators that Oxford MBAs are well set for their future careers. As Stuart Jagot, the Director of Career Development says, “Results demonstrate the international mobility and capability of the Oxford MBA.”
Jagot calls it a “tech revolution” with a significant number of MBA graduates launching successful tech careers. And much of that success is due to the school’s relationship with the industry.
For example, MBA student Daniel Peach worked in consulting before he took a year out to study at Oxford Saïd. From there, he built upon his tech credentials and analytical roles until he eventually landed an internship with Google. “Oxford Saïd’s relationship with Google was extremely helpful,” says Daniel. “The careers team also gave me some great preparation for the interview—particularly on behavioral aspects.” And he’s not the only success story.
MBA student Marla Woodward made the successful transition from product manager to a tech sector internship at Cisco. And William Ou made the transition to the fast-evolving world of fintech, thanks to his MBA at Oxford Saïd.
“When I arrived in Oxford there was so much going on with blockchain technology which, honestly, I had never heard of. In one of the many company presentations at the School, I met the people from Blockchain.info, the world’s most popular bitcoin wallet, where I eventually did my Summer Internship and got into the cryptocurrency/blockchain world.”
The new Digital Marketing Pathway for tech-minded students has been an enormous help. The pathway provides access to General Assembly online curriculum, which helps students develop the tech skills they need for their future careers. There’s also the Oxford Saïd Careers Academy, which helps MBA students with career development planning, guidance, practical exercises, and 1-1 coaching in their career of choice. Together, these programs have helped Oxford Saïd students become successful in tech careers. (Learn more.)
Oxford Saïd Goes Inside the Role of Chief Digital Officer
For the aforementioned “Understanding Chief Digital Officers” paper, the business school interviewed 41 Chief Digital Officers (CDOs) in 13 countries to understand who they are, what they do, and how they can be successful. Researchers found that the role was full of “challenging contradictions” with a severe lack of clarity around the role and a wide range of tensions.
Lead author Gillian Brooks says:
“The CDO role has typically been created by large, established companies who can feel under threat from digital disruption in their markets as well as being excited by the opportunities that new technologies can offer. But there is no consensus on the ideal background or qualifications for a CDO, where the role should sit in the organizational structure, or even what a CDO does.”
The authors explain that CDOs are forced to do their job and define it at the same time with other C-suite executives having no understanding of what a CDO does. This makes the CDO role highly dependent on the goodwill and support of the CEO because if they’re not on board with their position, then nothing gets done. At the same time, while a CDO’s role is transformative, it’s also transient, since many times they can end up making themselves redundant.
Author Michael Smets, Associate Professor in Management and Organization, says:
“We discovered that, whatever their background, the most successful CDOs were those who are comfortable with uncertainty and ambiguity. They embrace complexity and paradox by finding ways to make seemingly incongruent, contradictory elements of their roles fit together.”
The combination of Oxford Saïd’s MBA curriculum, which supports tech, and the School’s tech-centric research and career development have made the tech industry attractive for Saïd MBAs. And it doesn’t look like that interest will wane anytime soon.
You can learn more on the school’s website and check out the full report here.
Bloomberg, Knight, Stand Out Among World’s Biggest MBA Success Stories
You may (or may not) be surprised to learn that the majority of Forbes‘ Billionaires List features people do not have an MBA. It’s true—Amazon paragon and Washington Post owner Jeff Bezos comes from Princeton, but with degrees in electrical engineering and computer science. Bill Gates is perhaps the most famous college dropout (sorry Kanye). Even the Oracle of Omaha himself, Warren Buffett, only holds a Bachelor’s degree in Business Administration from the University of Nebraska. But that doesn’t mean there aren’t some standout MBA success stories on the list. Continue reading…
Georgetown Employment Report Reveals Record-Setting Job Offers, Salaries
Georgetown University’s McDonough School of Business set records this year for both salaries and job offers according to its Class of 2018 Employment Report, released earlier this month. An impressive 98 percent of students received job offers within three months of graduation, and average full-time salary rose to an all-time high of $116,946.
MBA Graduates Get More Money and More Job Offers
Compared to last year, average starting salary increased by 4 percent. The average signing bonus for the latest graduating class was $31,036, up 9 percent year over year.
The record-setting 98 percent of students who received job offers within three months of graduation represented a 5 percent jump over the prior year. Ninety-four percent of 2018 graduates had accepted an offer within three months, up 2 percent from last year.
“Through a personalized approach to the job search, opportunities for career treks throughout the United States and around the world, and a global alumni network of 190,000 graduates, the MBA Career Center ensures students are placed in the positions that inspired them to attend business school,” Doreen Amorosa, Associate Dean of McDonough Career Services, said in a press release.
MBAs Choose Consulting, Financial Services, and Technology
For the second year in a row, consulting, financial services, and technology were the top three industries for MBA graduates. However, the breakdown within these three industries saw some shifts.
Last year, financial services was the top industry of choice, drawing an even third–33 percent–of students. Consulting was second, drawing 28 percent of grads, and technology was a distant third, at 13 percent. The most recent graduating class headed off to these three leading industries in more equal numbers. Consulting, for its part, drew 25.5 percent of students, followed by financial services at 21.7 percent, and tech at 17.5. In both years, nonprofit/social impact came in fourth, attracting 8 percent of the Class of 2018 and 7 percent of the Class of 2017.
MBA Internships Remain Steady
As for this year’s class of MBA student internships, the results remained similar to previous years with only slight increases. This year, 100 percent of students secured an internship, and 86 percent of those positions were paid an average of $7,043 per month. This was an uptick over last year, when interns averaged $6,501 per month. Also, 78 percent of all internship positions were facilitated by the MBA Career Center, a ten percent increase from 2016. Student interns gravitated toward the finance/accounting (34 percent), consulting (28 percent), and marketing & sales (17 percent) industries.
