Get Your MBA -- No GMAT Required

According to Bloomberg Business Week, the GMAT is the "gatekeeper to MBA education in the U.S.", which is why a low GMAT score can be a barrier to business school admission. Low GMAT scores have hurt several older GMAT applicants, even those with high-profile job titles such as Senior VP of Marketing. In addition, at $250, the GMAT is the most expensive graduate school entry test out there. That's why so many people are seeking ways to get their MBA without the GMAT.

An increasing number of Executive MBA programs are offering ways to get in without the GMAT. Since the average EMBA candidate is between the ages of 30 and 40 and can have up to 18 years of work experience, some universities feel that the GMAT is not a good indicator of an applicant's ability. NYU's Stern School of Business, University of Michigan's Ross School of Business, Cornell's Johnson School of Business and USC Marshall have all decided to do away with the GMAT requirement for their EMBA programs. While the Kellogg School of Management doesnt' require the GMAT, some applicants are required to take a refresher course to brush up on their quantitative skills. Other EMBA programs waive the GMAT requirement on a case by case basis. UNC Kenan-Flagler, for example, does not require the GMAT for people with advanced degrees or people who work technical jobs.