When an online version of MBA programs was introduced due to coronavirus upheaval to testing, after a long deadlock in many countries of the world, an obstacle was noticed in maintaining the aristocracy of MBA programs as a result of deeming a waiver in the GMAT entrance test. But do you know the significance of the GMAT? Before discussing the Best MBA schools with GMAT waiver, let us throw light on the value of GMAT.
Numerous leading graduate business schools use the Graduate Management Admission Test (GMAT) to examine the candidature of applicants who desire to accomplish their higher education in graduate studies from universities abroad. A majority of prospective MBA graduates who wish to travel abroad for higher education usually prefer taking the GMAT exam. Nevertheless, there are exceptions to everything. A few applicants come across conflicts while appearing for this exam. And such participants come up with a lot of questions, such as,
- Is it mandatory to take the GMAT for Business and Management programs?
- Do all the B-schools require a GMAT score?
- Is it true that a GMAT waiver is not offered by any International Business School?
Much to your surprise, none of these statements stands true. Not to mention, various top business schools do not accept an application without the GMAT scores. However, there are numerous other renowned business organizations that accept your resume without GMAT scores and consider you for their business and management program. Usually, these organizations select you based on your practical work experience in the field of Management plus your comprehensive intellectual research which contributes primarily towards strengthening your prospects. With this arises the need to find the Best MBA schools with GMAT waiver.
So let us take a look at the shortlisted record of the Best MBA schools with GMAT waiver.
#1. MIT Sloan School of Management, Massachusetts Institute of Technology
Cambridge, Massachusetts
#2. University of Virginia (UVA) – Darden School of Business
Charlottesville, Virginia
#3. University of Michigan – Ross School of Business
Ann Arbor, Michigan
#4. Tepper School of Business, Carnegie Mellon University (CMU)
Pittsburgh, Pennsylvania
#5. Georgetown University – McDonough School of Business
Washington, DC
#6. The University of North Carolina at Chapel Hill – UNC Kenan-Flagler Business School
Chapel Hill, North Carolina
#7. Cornell University – Samuel Curtis Johnson Graduate School of Management
Ithaca, New York
#8. Kelley School of Business – Indiana University Bloomington
Bloomington, Indiana
#9. F.W. Olin Graduate School of Business at Babson college
Babson Park, Massachusetts
#10. Rutgers Business School – Newark and New Brunswick
Newark, New Jersey
Let us discuss the MBA programs offered by a few of the above-mentioned schools in detail:
MIT Sloan School of Management, Massachusetts Institute of Technology
The MIT Sloan School of Management from the Massachusetts Institute of Technology was successful in grabbing the first position in the list of the Best MBA schools with GMAT waiver.
Total tuition cost of a full-time MBA program: $154, 336
The total duration of the program: 24 months
The average strength of current classroom: 484
The average volume of female participants: 38%
The average intakes allowed per year: August
The average volume of international participants: 33%
The average years of work experience: 5.0 years
The average salary to be expected post-graduation: $150,000
University of Virginia (UVA) – Darden School of Business
The Darden School of Business from the University of Virginia is successfully placed at the second position in the list of the Best MBA schools with GMAT waiver.
Total tuition cost of a full-time MBA program: $137,280
The total duration of the program: 21 months
The total strength of a current classroom: 404
The average volume of female participants: 39%
The average intakes allowed per year: August
The average volume of international participants: 24%
The average years of work experience: 5.0 years
The average salary to be expected post-graduation: $139,945
University of Michigan – Ross School of Business
The Ross School of Business from the University of Michigan has successfully bagged the third position in the list of the Best MBA schools with GMAT waiver.
Total tuition cost of a full-time MBA program: $142,096
The total duration of the program: 20 months
The total strength of the current classroom: 358
The average volume of female participants: 43%
The average intakes allowed per year: September
The average volume of international participants: 18%
The average years of work experience required: 5.3 years
The average salary to be expected post-graduation: $121,501
Tepper School of Business – Carnegie Mellon University (CMU)
The table School of Business from Carnegie Mellon University offers a full-time MBA program which has been placed at the fourth position in the list of the Best MBA schools with GMAT waiver.
Total tuition charges of a full-time MBA program: $140,000
The total duration of the program: 21 months
The total strength of the current classroom: 340
The average volume of female participants: 25%
The average intakes allowed per year: September
The average volume of international participants: 28%
The average years of work experience required: 5.4 years
The average salary to be expected post-graduation: $136,000
Georgetown University – McDonough School of Business
The McDonough School of Business from Georgetown University offers a full-time MBA program which was capable of grabbing the fifth position in the list of the Best MBA schools with GMAT waiver.
Total tuition charges of a full-time MBA program: $121,788
The total duration of the program: 21 months
The total strength of a current classroom: 247
The average volume of female participants: 32%
The average intakes allowed per year: August
The average volume of international participants: 28%
The average years of work experience required: 5.0 years
The average applicants enrolled per year: 1482
The average salary to be expected post-graduation: $128,162
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