Cheapest Online MBA Options with No GMAT Requirement in 2025

Traditional MBAs can quickly become expensive. That’s why many students opt for an affordable online MBA program instead. If you’re in the market to earn an MBA, we’ve compiled some of the cheapest online MBA programs available.

Some of the colleges on this list also constitute online MBA programs with no GMAT requirement, which means you can still earn your MBA without having to take the standardized test.

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What is an MBA?

An MBA stands for Master’s in Business Administration. This postgraduate degree helps professionals to excel in their existing careers, change careers, earn an increased salary, or become eligible for a promotion.

MBA programs also can teach the knowledge and skills to start one’s own business or obtain leadership positions in an existing business.

MBA coursework covers a range of topics, from accounting and statistics to management and communication.

How Much Does an MBA Cost in 2025?

The cost of an MBA varies widely based on the institution, program format, and location.

• Average MBA Cost: Around $63,000 for a full program.
• Top-Tier Programs: Tuition alone can exceed $80,000 per year, with total costs (including living expenses) surpassing $250,000 at schools like Stanford and Wharton.
• Public vs. Private Universities: Public universities often charge $30,000–$60,000, while private institutions range from $60,000–$100,000.
• Affordable Online MBAs: Some online programs offer tuition as low as $201 per credit, making them a cost-effective alternative.

Besides tuition, students should budget for books, fees, and living expenses, which vary by location and lifestyle.

Benefits of an Online MBA

Before we jump into the cheapest online MBA programs, let’s consider the benefits of earning your MBA online.

Some of the most notable upsides of the online route include:

Cost-effective

Of course, you’re here because you want an affordable online MBA option. Naturally, online options are more cost-effective because you have less overhead costs and can also take the classes from anywhere you wish.

Flexible schedule

With a traditional in-person MBA, you’d be expected to be in the classroom at the scheduled time. But with an online MBA, you may be able to log on and learn whenever you want, granted the lectures are recorded.

Low barrier to entry

Typical MBA programs call for a long list of requirements to enroll, including work experience, a certain GMAT score, letters of recommendation, and a minimum GPA. Online programs make MBAs more accessible as they tend to have fewer requirements for entry (as is the case at the University of the People). Despite the lower barrier to entry, the quality of the education is not sacrificed.

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Cheapest Online MBA Programs

1. University of the People

The University of the People offers a fully online, accredited, tuition-free MBA program.While there are no tuition fees, students pay a small assessment fee per course, bringing the total expected cost of earning the MBA to $4,860. For those not ready to commit to a full MBA program, the university’s Strategy certificate program provides a shorter pathway to develop business acumen at an even lower cost. The MBA program does not require a GMAT and is designed for flexibility, making it accessible to students worldwide.

2. University of Texas Permian Basin

The University of Texas Permian Basin provides an affordable online MBA program with tuition ranging from $11,729.70 to $14,075.64. The program offers GMAT waivers for qualified students, making it a flexible option for those who prefer to bypass standardized testing.

3. University of Saint Mary

This online MBA can be completed in as little as one year and does not require a GMAT for admission. Students can choose from six concentrations, including finance, healthcare management, and leadership. The program costs $605 per credit hour, making it an affordable and fast-track option for professionals.

4. Florida International University

FIU offers an online MBA with an optional GMAT/GRE requirement for applicants with at least four years of professional work experience. The program provides eight concentration areas and multiple pacing options, making it highly flexible. Tuition is approximately $42,000 for the entire program.

5. Grand Canyon University

This accredited online MBA requires only 34 credits to complete and does not mandate a GMAT, as long as applicants have a bachelor’s degree from an accredited institution with a minimum 2.8 GPA. Those who don’t meet the GPA requirement may submit GMAT scores instead. Tuition is just over $11,000.

6. Columbia College

Columbia College’s online MBA program consists of 36 credits and covers key business topics such as marketing strategy, managerial analytics, and business ethics. Tuition is approximately $14,500, making it an affordable option compared to many traditional MBAs.

7. University of Northwestern Ohio

This affordable online MBA program accepts students without a GMAT requirement, provided they meet a minimum GPA of 2.5. Those with a GPA of 3.0 or higher receive guaranteed admission. Tuition costs about $21,600, making it a budget-friendly choice for those seeking flexibility and career growth.

Online MBAs Offer an Affordable Path to Career Growth

If you’re searching for the cheapest online MBA with no GMAT requirement, you have several accredited and reputable options. The programs listed above provide an affordable and flexible alternative to traditional MBAs, allowing you to advance your career without accumulating excessive debt.

When choosing a program, consider accreditation, tuition, curriculum, and career outcomes. Whether you want to increase your salary, switch careers, or gain leadership skills, an online MBA can help you achieve your goals—without breaking the bank.

FAQs

What is the most affordable online MBA with no GMAT requirement in 2025?

University of the People offers a tuition-free online MBA, with only minimal assessment fees, making it the most affordable option.

Can I earn an online MBA without taking the GMAT?

Yes, many accredited universities offer online MBAs with no GMAT requirement, especially for applicants with work experience or strong academic backgrounds.

How much does an online MBA cost?

Online MBA tuition varies, ranging from $4,860 at University of the People to over $60,000 at some private universities. Many affordable programs fall between $10,000 and $25,000.

Are online MBAs respected by employers?

Yes, accredited online MBAs are widely recognized by employers, especially those from reputable universities with strong business programs.

How long does it take to complete an online MBA?

Most online MBA programs take 12 to 24 months, depending on the course structure and whether you study full-time or part-time.