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  1. 3. University of Pennsylvania (Wharton)

    Philadelphia, PA
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    University of Pennsylvania (Wharton) MBA applicants must submit either a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 733, and the acceptance rate was 25%. English language proficiency scores are not required for international applicants. The median base salary for Wharton MBA graduates is $175,000.
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    University of Pennsylvania (Wharton) MBA applicants must submit either a GMAT or GRE score to be considered for admission...

  2. 4. Yale University

    New Haven, CT
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    Yale University MBA applicants must submit either a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 723. TOEFL scores are not required for international applicants. The median base salary for graduating Yale MBA students is $160,100.
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    Yale University MBA applicants must submit either a GMAT or GRE score to be considered for admission...

  3. 6. Columbia University

    New York, NY
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    Columbia Business School requires a GMAT, GRE, or Executive Assessment score for admission to its full-time MBA program, with incoming students reporting an average GMAT score of 729. Last year, the school’s acceptance rate was 22.1%. Columbia requires one letter of recommendation with an application, but does not require a TOEFL score for international students. No concentrations or specializations are offered, but Columbia has many dual degree programs. Graduates earn a median base salary of $175,000.
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    Columbia Business School requires a GMAT, GRE, or Executive Assessment score for admission to its full-time MBA program, with incoming students reporting an average GMAT score of 729...

  4. 7. University of Chicago (Booth)

    Chicago, IL
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    University of Chicago (Booth) MBA applicants must submit either a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 729. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 30%. Booth MBA students earn a median salary of $175,000 after graduating.
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    University of Chicago (Booth) MBA applicants must submit either a GMAT or GRE score to be considered for admission...

  5. 8. Massachusetts Institute of Technology (Sloan)

    Cambridge, MA
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    Massachusetts Institute of Technology (Sloan) expects applicants to its full-time MBA program to submit either GMAT or GRE scores, but waivers are available. In 2022, incoming students had an average GMAT score of 724. Applicants must submit one letter of recommendation to be considered for admission. Sloan graduates earn a median base salary of $165,000.
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    Massachusetts Institute of Technology (Sloan) expects applicants to its full-time MBA program to submit either GMAT or GRE scores, but waivers are available...

  6. 9. New York University (Stern)

    New York, NY
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    NYU Stern School of Business requires applicants to submit a GMAT, GRE, Executive Assessment, LSAT, MCAT, or DAT score to be considered for admission to its full-time MBA program, but waivers are available. Last year, incoming students had an average GMAT score of 733. Stern admitted 27% of applicants last year. In order to be considered for admission, applicants must submit one letter of recommendation, and international students must provide proof of English proficiency. Dozens of concentrations are avaliable to choose from. Stern MBA graduates earn a median base salary of $170,000.
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    NYU Stern School of Business requires applicants to submit a GMAT, GRE, Executive Assessment, LSAT, MCAT, or DAT score to be considered for admission to its full-time MBA program, but waivers are available...

  7. 10. University of Michigan–Ann Arbor (Ross)

    Ann Arbor, MI
    University of Michigan—Ann Arbor (Ross) requires candidates to submit a GMAT (GMAT Focus), GRE, MCAT, LSAT, PCAT, or DAT score to be considered for admission to its full-time MBA program. On average, incoming Ross students have a 720 GMAT score. Last year, Michigan accepted 28.1% of applicants to its full-time MBA program. One letter of recommendation is required with the application, and international students must submit a TOEFL IELTS score. Graduates earn a median base salary of $165,000.
    University of Michigan—Ann Arbor (Ross) requires candidates to submit a GMAT (GMAT Focus), GRE, MCAT, LSAT, PCAT, or DAT score to be considered for admission to its full-time MBA program...

  8. 11. Duke University (Fuqua)

    Durham, NC
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    Duke University’s Fuqua School of Business requires applicants to submit a standardized test score to apply to its full-time MBA program and will accept either the GMAT, the GRE, or the Executive Assessment. Applicants are allowed to submit multiple test scores. On average, incoming students to Fuqua in 2022 had a 718 GMAT score. The acceptance rate to Duke’s full-time MBA program was 20.5% last year. One letter of recommendation is needed. A TOEFL score is not required for international students. Fuqua graduates earn a median $160,055 base salary.
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    Duke University’s Fuqua School of Business requires applicants to submit a standardized test score to apply to its full-time MBA program and will accept either the GMAT, the GRE, or the Executive Assessment...

  9. 12. Cornell University (Johnson)

    Ithaca, NY
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    Cornell University’s Samuel Curtis Johnson Graduate School of Management requires full-time MBA candidates to submit a GMAT or GRE score to be considered for admission, but for the 2023—2024 application cycle candidates could submit a request for a test waiver that asked applicants to write a short statement on how they would “flourish in our rigorous academic environment.” Cornell incoming students have an average GMAT score of 707 GMAT. In 2022, the program accepted 31.23% of applicants. Graduates earn a median base salary of $165,000.
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    Cornell University’s Samuel Curtis Johnson Graduate School of Management requires full-time MBA candidates to submit a GMAT or GRE score to be considered for admission, but for the 2023—2024 application cycle candidates could submit a request for a test waiver that asked applicants to write a short statement on how they would “flourish in our rigorous academic environment...

  10. 13. University of Virginia (Darden)

    Charlottesville, VA
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    University of Virginia (Darden) MBA applicants must submit either a GMAT, GRE, Executive Assessment, MCAT, or LSAT score to be considered for admission. The program requires one letter of recommendation. Among students accepted last year, the average GMAT score was 720, with a 35% acceptance rate. English testing scores are required for international applicants, unless they qualify for a waiver. The program offers classes in data science, coding with GPT, and the environment. The median base salary for Darden MBA graduates is $175,000.
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    University of Virginia (Darden) MBA applicants must submit either a GMAT, GRE, Executive Assessment, MCAT, or LSAT score to be considered for admission...

  11. 14. University of California–Berkeley (Haas)

    Berkeley, CA
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    University of California–Berkeley (Haas) MBA applicants must submit either a GMAT or GRE score to be considered for admission, and there is no test-waiver policy. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 729. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 19.6%, with Haas graduates going on to earn a median salary of $155,000.
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    University of California–Berkeley (Haas) MBA applicants must submit either a GMAT or GRE score to be considered for admission, and there is no test-waiver policy...

  12. 15. Dartmouth College (Tuck)

    Hanover, NH
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    Dartmouth College’s Tuck School of Business requires applicants to submit either a GMAT or GRE score when applying to its full-time MBA program but offers waivers for certain candidates. In 2022, incoming students reported an average GMAT score of 726. Dartmouth has three application rounds throughout the year. Last year, the acceptance rate was 33%. Tuck graduates earn a median base salary of $175,000.
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    Dartmouth College’s Tuck School of Business requires applicants to submit either a GMAT or GRE score when applying to its full-time MBA program but offers waivers for certain candidates...

  13. 16. University of California–Los Angeles (Anderson)

    Los Angeles, CA
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    University of California–Los Angeles (Anderson) MBA applicants entering in fall 2023 are not required to submit GMAT or GRE scores. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 708. TOEFL or IELTS scores are required for international applicants unless students obtained their undergraduate degree in an English-speaking country. The acceptance rate in 2022 was 37.6%. Anderson MBA students earn a median salary of $145,000 after graduating.
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    University of California–Los Angeles (Anderson) MBA applicants entering in fall 2023 are not required to submit GMAT or GRE scores...

  14. 17. University of Texas–Austin (McCombs)

    Austin, TX
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    University of Texas–Austin (McCombs) MBA applicants must submit either a GMAT or GRE score to be considered for admission, with some waiver options available. Among students accepted last year, the average GMAT score was 706. One letter of recommendation is required. TOEFL scores are required for international applicants, although some people may qualify for a waiver. Graduates earn a median base salary of $140,500.
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    University of Texas–Austin (McCombs) MBA applicants must submit either a GMAT or GRE score to be considered for admission, with some waiver options available...

  15. 18. University of Southern California (Marshall)

    Los Angeles, CA
    University of Southern California (Marshall) applicants must submit a GMAT or GRE score unless certain exceptions are met. No letters of recommendation are needed to apply, but international students must submit a TOEFL score. Last year, the average GMAT score was 732.
    University of Southern California (Marshall) applicants must submit a GMAT or GRE score unless certain exceptions are met...

  16. 19. Carnegie Mellon University (Tepper)

    Pittsburgh, PA
    The Tepper School of Business requires applicants to submit a GMAT, GRE, or EA score, or an approved test waiver. One professional letter of recommendation is required to apply, and international students must submit proof of English proficiency or meet certain exceptions. Among students accepted last year, GMAT scores were 702 on average, and the acceptance rate was 29%. Graduates go on to earn $145,000 base median salary.
    The Tepper School of Business requires applicants to submit a GMAT, GRE, or EA score, or an approved test waiver...

  17. 20. Emory University (Goizueta)

    Atlanta, GA
    Emory University (Goizueta) requires applicants to its full-time MBA program to submit a GMAT or GRE score, but waivers are available based on based on academic background and work experience. Among students accepted last year, the average GMAT score was 675. More than 20 different concentrations are offered for students. Graduates earn a median base salary of $165,000.
    Emory University (Goizueta) requires applicants to its full-time MBA program to submit a GMAT or GRE score, but waivers are available based on based on academic background and work experience...

  18. 21. University of North Carolina–Chapel Hill (Kenan-Flagler)

    Chapel Hill, NC
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    University of North Carolina–Chapel Hill (Kenan-Flagler) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. The program requires one letter of recommendation. Among students accepted last year, the average GMAT score was 706. TOEFL scores are required for international applicants, although some may qualify to waive the requirement. The acceptance rate in 2022 was 36%. Over 12 full-time MBA concentrations are available. Kenan-Flagler MBA graduates earn a median base salary of $130,000.
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    University of North Carolina–Chapel Hill (Kenan-Flagler) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  19. 22. University of Washington (Foster)

    Seattle, WA
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    University of Washington (Foster) MBA applicants are strongly encouraged to submit either a GMAT or GRE score to be considered for admission. Among students accepted last year, the average GMAT score was 703. The program requires two letters of recommendation, and English testing scores are required for international applicants. The median base salary for graduating Foster MBA students is $144,500.
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    University of Washington (Foster) MBA applicants are strongly encouraged to submit either a GMAT or GRE score to be considered for admission...

  20. 23. Georgetown University (McDonough)

    Washington, D.C.
    Courtesy of Georgetown University
    Georgetown University (McDonough) requires candidates to submit a GMAT, GRE, or Executive Assessment score to be considered for admission to its full-time MBA program. On average, incoming McDonough students have a 697 GMAT score. Last year, Georgetown accepted 50.9% of applicants to its full-time MBA program. One letter of recommendation is required with the application, and international students must submit a TOEFL, IELTS, or PTE score. Graduates earn a median base salary of $140,000.
    Courtesy of Georgetown University
    Georgetown University (McDonough) requires candidates to submit a GMAT, GRE, or Executive Assessment score to be considered for admission to its full-time MBA program...

  21. 24. Rice University (Jones)

    Houston, TX
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    Rice University (Jones) candidates must submit a GMAT or GRE score, although test waivers are possible. The school requires one letter of recommendation if it is from a direct or former supervisor; otherwise students must submit two. Incoming students had an average GMAT score of 702 in 2022, with an acceptance rate of 43%. A TOEFL score is not required for international students. Graduates from Rice’s full-time MBA program earn a median base salary of $140,000.
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    Rice University (Jones) candidates must submit a GMAT or GRE score, although test waivers are possible...

  22. 25. Indiana University (Kelley)

    Bloomington, IN
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    Indiana University–Bloomington (Kelley) requires applicants to take the GMAT or GRE to apply to its full-time MBA program, although waivers are granted to those with a record of strong academic and quantitative performance. Applicants must submit one recommendation letter, and accepted students had average scores of 685 on the GMAT. International applicants can skip the TOEFL or IELTS if they earned a degree from an institution where English was the language of instruction. Kelley admitted 24% of applicants in 2022. Graduates earn a median $130,000 base salary.
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    Indiana University–Bloomington (Kelley) requires applicants to take the GMAT or GRE to apply to its full-time MBA program, although waivers are granted to those with a record of strong academic and quantitative performance...

  23. 26. Vanderbilt University (Owen)

    Nashville, TN
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    Vanderbilt University (Owen) requires an official GMAT, GRE, or Executive Assessment score or an approved test waiver as a part of its MBA application. The program requires one letter of recommendation. Among students accepted last year, the average GMAT score was 690. English testing scores are required for international applicants, unless they qualify for a waiver. The median base salary for graduating Vanderbilt MBA students is $135,000.
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    Vanderbilt University (Owen) requires an official GMAT, GRE, or Executive Assessment score or an approved test waiver as a part of its MBA application...

  24. 27. University of Notre Dame (Mendoza)

    Notre Dame, IN
    Matt Cashore-Pool—Getty Images
    University of Notre Dame (Mendoza) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 673. TOEFL scores are required for international applicants. Notre Dame graduates earn an median base salary of $130,000.
    Matt Cashore-Pool—Getty Images
    University of Notre Dame (Mendoza) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  25. 28. Georgia Institute of Technology (Scheller)

    Atlanta, GA
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    Georgia Institute of Technology (Scheller) doesn’t require candidates to submit a GMAT or GRE score to apply to its full-time MBA program, but in 2022, incoming students had an average GMAT score of 690. Two letters of recommendation are required. Last year, the school accepted 32% of applicants. Graduates earn a median base salary of $127,000.
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    Georgia Institute of Technology (Scheller) doesn’t require candidates to submit a GMAT or GRE score to apply to its full-time MBA program, but in 2022, incoming students had an average GMAT score of 690...

  26. 29. University of Rochester (Simon)

    Rochester, NY
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    University of Rochester (Simon) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. Letters of recommendation aren’t required, but the program requires two references. Among students accepted last year, the average GMAT score was 671, and an English proficiency exam score is required for international applicants, unless they qualify for a waiver. Simon offers 10 MBA specializations.
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    University of Rochester (Simon) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  27. 30. University of Minnesota–Twin Cities (Carlson)

    Minneapolis, MN
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    University of Minnesota–Twin Cities (Carlson) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for those who meet very specific GPA and work experience requirements. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 682, with a 38% acceptance rate. TOEFL scores are required for international applicants. Graduates from Carlson’s MBA program earn a median base salary of $119,000.
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    University of Minnesota–Twin Cities (Carlson) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for those who meet very specific GPA and work experience requirements...

  28. 31. Michigan State University (Broad)

    East Lansing, MI
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    Michigan State University (Broad) does not require GMAT or GRE scores from applicants to its full-time MBA program. Accepted students who do take the GMAT score an average of 658. At least one letter of recommendation is required. International students must take the TOEFL, but waivers are available. In 2022, 28% of applicants were accepted to Broad’s full-time MBA program. Graduates earn a median base salary of $118,577.
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    Michigan State University (Broad) does not require GMAT or GRE scores from applicants to its full-time MBA program...

  29. 32. University of California–Irvine (Merage)

    Irvine, CA
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    The University of California–Irvine (Merage) MBA program requires a GMAT and GRE score, but waivers are based on academic and work experience. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 652 and the acceptance rate was 21%. TOEFL scores are required for international applicants, with the option for waivers. Concentrations in healthcare, real estate and digital transformation are available, with MBA students earning a median salary of $127,000 after graduating.
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    The University of California–Irvine (Merage) MBA program requires a GMAT and GRE score, but waivers are based on academic and work experience...

  30. 33. University of Wisconsin–Madison

    Madison, WI
    The Wisconsin School of Business does not require applicants to submit GMAT or GRE schools if they received an undergraduate degree from an accredited US institution, but waivers are available for others. International students must take and submit a TOEFL score. One letter of recommendation is required, but students may submit up to two. Last year, of those submitted a GMAT score, the average was 665. The acceptance rate for the program was 39.3%. Eight MBA concentrations are available, and graduates make $115,000 median salary on average.
    The Wisconsin School of Business does not require applicants to submit GMAT or GRE schools if they received an undergraduate degree from an accredited US institution, but waivers are available for others...

  31. 34. University of Florida (Warrington)

    Gainesville, FL
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    University of Florida (Warrington) MBA applicants must submit either a GMAT or GRE score to be considered for admission. Two letters of recommendation are required. Among students accepted last year, the average GMAT score was 652. TOEFL scores are required for international applicants, unless they qualify for a waiver. The median base salary for Warrington MBA graduates is $117,550.
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    University of Florida (Warrington) MBA applicants must submit either a GMAT or GRE score to be considered for admission...

  32. 35. Fordham University (Gabelli)

    New York, NY
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    Fordham University (Gabelli) is standardized test-optional for all MBA programs. All applicants must submit one letter of recommendation, and international applicants must submit a TOEFL score. In 2022, incoming students reported an average GMAT score of 655, and 60% of applicants earned admission. Gabelli graduates earn $120,000 median base salary.
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    Fordham University (Gabelli) is standardized test-optional for all MBA programs...

  33. 36. University of Texas–Dallas

    Richardson, TX
    Courtesy of University of Texas at Dallas
    University of Texas–Dallas MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. The program requires two letters of recommendation, and among students accepted last year, the average GMAT score was 689. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 34%. Fifteen specialized MBA programs are available.
    Courtesy of University of Texas at Dallas
    University of Texas–Dallas MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  34. 37. Howard University

    Washington, D.C.
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    Howard University requires applicants to its full-time MBA program with a bachelor’s degree to take the GMAT or GRE, but submission is for optional for master-level and terminal degree applicants. Two letters of recommendation are needed to apply. Incoming students have a 520 GMAT score, on average. In 2021, Howard accepted 41% of applicants. Graduates from Howard’s full-time MBA program earn a median base salary of $127,223.
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    Howard University requires applicants to its full-time MBA program with a bachelor’s degree to take the GMAT or GRE, but submission is for optional for master-level and terminal degree applicants...

  35. 38. Rutgers, The State University of New Jersey–Newark and New Brunswick

    Newark, NJ
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    Rutgers University accepts either GMAT or GRE scores with applications to its full-time MBA program, although score submission waivers are selectively considered for qualified applicants. International applicants must submit a TOEFL score, and all candidates must submit two recommendation letters. Incoming students, on average, have a GMAT score of 668. In 2022, 26.1% of applicants earned admission. Graduates earn a median base salary of $113,500.
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    Rutgers University accepts either GMAT or GRE scores with applications to its full-time MBA program, although score submission waivers are selectively considered for qualified applicants...

  36. 39. Washington University in St. Louis (Olin)

    St. Louis, MO
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    Washington University in St. Louis (Olin) does not explicitly require GMAT or GRE scores to be submitted by MBA applicants, but doing so is recommended. The program does not require letters of recommendation. Among students accepted last year, the average submitted GMAT score was 670. English testing scores are required for international applicants, unless they qualify for a waiver. The median base salary for graduating Olin MBA students is $120,000.
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    Washington University in St...

  37. 40. University of Maryland–College Park (Smith)

    College Park, MD
    University of Maryland
    Courtesy of University of Maryland
    University of Maryland–College Park (Smith) MBA applicants don’t have to submit either a GMAT or GRE score to be considered for admission. The program requires one letter of recommendation. Among students accepted last year, the average GMAT score was 647. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 35%.
    University of Maryland
    Courtesy of University of Maryland
    University of Maryland–College Park (Smith) MBA applicants don’t have to submit either a GMAT or GRE score to be considered for admission...

  38. 41. Texas A&M University–College Station (Mays)

    College Station, TX
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    Texas A&M University–College Station (Mays) requires submission of a GMAT or GRE score to apply to its full-time MBA program, but does offer waivers for score submissions in special cases. Incoming students, on average, have a 652 GMAT score. In 2022, Mays had an acceptance rate of 43%. The school currently enrolls 77 full-time MBA students. No letters of recommendation are required with an application. Graduates earn a median base salary of $120,000.
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    Texas A&M University–College Station (Mays) requires submission of a GMAT or GRE score to apply to its full-time MBA program, but does offer waivers for score submissions in special cases...

  39. 42. Brigham Young University (Marriott)

    Provo, UT
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    Brigham Young University (Marriott) requires candidates to submit a GMAT or GRE, but waivers are available for those with significant work experience in a quantitative area. Prospective students need two letters of recommendation to apply. Incoming students, on average, have a GMAT score of 677. International students must take the TOEFL. In 2022, Marriott admitted 47% of applicants to its full-time MBA program. Graduates earn a $120,000 median base salary.
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    Brigham Young University (Marriott) requires candidates to submit a GMAT or GRE, but waivers are available for those with significant work experience in a quantitative area...

  40. 43. Southern Methodist University (Cox)

    Dallas, TX
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    Those who apply to the Southern Methodist University (Cox) MBA program have the option to submit either GMAT or GRE scores with their application, and incoming students have an average GMAT score of 694. No letters of recommendation are required for all candidates, however students must include two references. Applications are due April 30, for U.S. residents. In 2022, 30% of applicants were accepted, and students need 71 credits in order to graduate.
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    Those who apply to the Southern Methodist University (Cox) MBA program have the option to submit either GMAT or GRE scores with their application, and incoming students have an average GMAT score of 694...

  41. 44. Boston University (Questrom)

    Boston, MA
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    Boston University (Questrom) applicants must submit either GMAT or GRE scores to be considered for admission to the full-time MBA program. Incoming students have an average GMAT score of 683. One letter of recommendation is required and international students must submit a TOEFL score. In 2022, Questrom accepted 27.5% of applicants. Graduates earn a $123,000 median base salary.
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    Boston University (Questrom) applicants must submit either GMAT or GRE scores to be considered for admission to the full-time MBA program...

  42. 45. University of Utah (Eccles)

    Salt Lake City, UT
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    University of Utah (Eccles) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for students who qualify. The program requires two letters of recommendation. In 2022, the acceptance rate was 62%, and the average GMAT score for students was 632. The median base salary for MBA graduates of the University of Utah is $116,250.
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    University of Utah (Eccles) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for students who qualify...

  43. 46. William & Mary

    Williamsburg, VA
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    William & Mary does not require GMAT or GRE scores to be submitted by MBA applicants, but test scores are evaluated as part of the application package. The program requires two letters of recommendation. Among students admitted last year, the average GMAT score was 628, with an acceptance rate of 58%. The median base salary for graduating William & Mary MBA students is $112,000.
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    William & Mary does not require GMAT or GRE scores to be submitted by MBA applicants, but test scores are evaluated as part of the application package...

  44. 47. CUNY Bernard M. Baruch College (Zicklin)

    New York, NY
    CUNY Bernard M. Baruch College (Zicklin) candidates must submit a standardized test score, but the requirement is waived based on undergraduate GPA for U.S. college graduates. Two letters of recommendation are needed to apply. Zicklin has a 50% acceptance rate, and last year’s average GMAT score was 595. Graduates earn median salary of $105,000.
    CUNY Bernard M...

  45. 48. University of Arizona (Eller)

    Tucson, AZ
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    University of Arizona (Eller) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although some waivers are available based on previous GPA. Among students accepted last year, the average GMAT score was 673. The program requires one letter of recommendation, and TOEFL scores are required for international applicants. The acceptance rate in 2022 was 28.9%.
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    University of Arizona (Eller) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although some waivers are available based on previous GPA...

  46. 49. Texas Christian University (Neeley)

    Fort Worth, TX
    Courtesy of Texas Christian University
    Texas Christian University (Neeley) MBA applicants must submit either a GMAT or GRE score to be considered for admission, unless a wavier is awarded. The program does not require letters of recommendation, but contacts of three professional references must be provided. Among students accepted last year, the average GMAT score was 617. TOEFL scores are required for international applicants, unless they qualify for a waiver. The median base salary for MBA graduates is $107,500.
    Courtesy of Texas Christian University
    Texas Christian University (Neeley) MBA applicants must submit either a GMAT or GRE score to be considered for admission, unless a wavier is awarded...

  47. 50. Babson College (Olin)

    Wellesley, MA
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    Babson College (Olin) is test-optional for candidates applying for fall 2023 entry. One professional—non-academic—letter of recommendation is required. Admitted students who choose to take a test have an average GMAT score of 653. A TOEFL score is required for international students. Seven MBA concentrations are offered, including business analytics and machine learning as well as global management. In 2022, the school accepted 63% of applicants. Graduates earn a median base salary of $113,750.
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    Babson College (Olin) is test-optional for candidates applying for fall 2023 entry...

  48. 51. University of Pittsburgh (Katz)

    Pittsburgh, PA
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    University of Pittsburgh (Katz) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 651. TOEFL scores are required for international applicants. Katz MBA graduates earn a median salary of $100,000.
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    University of Pittsburgh (Katz) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  49. 52. University of Tennessee–Knoxville (Haslam)

    Knoxville, TN
    Steven Frame—Getty Images
    University of Tennessee–Knoxville (Haslam) MBA highly recommends submit either a GMAT or GRE score to be considered for admission. Two letters of recommendation are required. Among students accepted last year, the average GMAT score was 680. TOEFL scores are required for international applicants. The acceptance rate for the Haslam program is 50.3%.
    Steven Frame—Getty Images
    University of Tennessee–Knoxville (Haslam) MBA highly recommends submit either a GMAT or GRE score to be considered for admission...

  50. 53. American University (Kogod)

    Washington, D.C.
    American University (Kogod) is test-optional program that accepts both GMAT or GRE scores. Applicants are required to submit one letter of recommendation. Among students accepted last year, the average GMAT score was 668. English testing scores are required for international applicants, unless they qualify for a waiver. The median base salary for graduating Kogod MBA students is $106,500.
    American University (Kogod) is test-optional program that accepts both GMAT or GRE scores...

  51. 54. University of Massachusetts–Amherst (Isenberg)

    Amherst, MA
    Blake Nissen—The Boston Globe/Getty Images
    University of Massachusetts–Amherst (Isenberg) provides waivers for GMAT or GRE score based on academic or work experience, but submitted scores can enhance any application. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 638. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 28%.
    Blake Nissen—The Boston Globe/Getty Images
    University of Massachusetts–Amherst (Isenberg) provides waivers for GMAT or GRE score based on academic or work experience, but submitted scores can enhance any application...

  52. 55. University of Denver (Daniels)

    Denver, CO
    Courtesy of the University of Denver
    University of Denver (Daniels) MBA applicants are not required to submit a GMAT or GRE score to be considered for admission. The program doesn’t require letters of recommendation. Among students accepted last year, the average GMAT score was 586. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 49%.
    Courtesy of the University of Denver
    University of Denver (Daniels) MBA applicants are not required to submit a GMAT or GRE score to be considered for admission...

  53. 56. Case Western Reserve University (Weatherhead)

    Cleveland, OH
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    Case Western Reserve University (Weatherhead) applicants must submit a GMAT or GRE score, but a waiver can be obtained based on certain conditions. Admitted students that take a test have an average GMAT score of 654. International students can obtain a waiver to skip the TOEFL if they meet certain conditions. In 2022, 52% of applicants were admitted to the program.
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    Case Western Reserve University (Weatherhead) applicants must submit a GMAT or GRE score, but a waiver can be obtained based on certain conditions...

  54. 57. Pepperdine University (Graziadio)

    Malibu, CA
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    Pepperdine University (Graziadio) requires applicants to submit either a GMAT or GRE score during the admissions process to its full-time MBA program. Last year, 30.4% of applicants were admitted to the program, and incoming Graziadio students had a 611 GMAT score on average. Letters of recommendation are not required, but international applicants are require to take the TOEFL. The median base salary for Graziadio graduates is $89,000.
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    Pepperdine University (Graziadio) requires applicants to submit either a GMAT or GRE score during the admissions process to its full-time MBA program...

  55. 58. University of San Diego (Knauss)

    San Diego, CA
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    The University of San Diego (Knauss) MBA program does not require GMAT or GRE scores, but students can submit them. Among students accepted last year, the average GMAT score was 573. The program does not require letters of recommendation, but up to two can be added. TOEFL scores are required for international applicants. Graduates earn $94,000 salary on average.
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    The University of San Diego (Knauss) MBA program does not require GMAT or GRE scores, but students can submit them...

  56. 59. Syracuse University (Whitman)

    Syracuse, NY
    Syracuse University (Whitman) full-time MBA applicants are strongly recommended to submit a GMAT or GRE score. Two two letters of recommendation must be submitted to apply. Incoming students, on average, have a 650 GMAT score. Last year, Whitman accepted 73% of applicants to its full-time MBA program. Alumni earn a median base salary of $78,500.
    Syracuse University (Whitman) full-time MBA applicants are strongly recommended to submit a GMAT or GRE score...

  57. 60. Tulane University (Freeman)

    New Orleans, LA
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    Tulane University (Freeman) MBA applicants must submit either a GMAT or GRE score to be considered for admission. Among students accepted last year, the average GMAT score was 604, with a 70% acceptance rate. The program requires one letter of recommendation. TOEFL scores are required for international applicants. Freeman graduates’ median base salary is $77,500.
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    Tulane University (Freeman) MBA applicants must submit either a GMAT or GRE score to be considered for admission...

  58. 61. Hult International Business School

    Cambridge, MA
    Hult International Business School allows students to submit GMAT or GRE scores, but they are not required. One letter of recommendation is needed, and international students must submit a TOEFL score. In 2022, the program accepted 55.7% of MBA applicants. Graduates earn a $85,700 median base salary.
    Hult International Business School allows students to submit GMAT or GRE scores, but they are not required...

  59. 62. University of Houston (Bauer)

    Houston, TX
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    University of Houston (Bauer) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although this requirement may be waived for those who meet specific criteria. Two letters of recommendation are required. Among students accepted last year, the average GMAT score was 613. English testing scores are required for international applicants, unless they qualify for a waiver. The acceptance rate for the program is 42.9%.
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    University of Houston (Bauer) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although this requirement may be waived for those who meet specific criteria...

  60. 63. University of Oregon (Lundquist)

    Eugene, OR
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    University of Oregon (Lundquist) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver based on work experience and previous GPA. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 588. TOEFL or IELTS scores are required for international applicants, although some may qualify to waive the requirement. The acceptance rate in 2022 was 73%.
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    University of Oregon (Lundquist) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver based on work experience and previous GPA...

  61. 64. Baylor University (Hankamer)

    Waco, TX
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    Baylor University (Hankamer) requires MBA applicants to submit a GMAT, GRE, MCAT, DAT, or LSAT score unless they are granted a wavier. One letter of recommendation is required, and admitted students, on average, have a GMAT score of 624. TOEFL scores are required for international applicants. Concentrations, including in cybersecurity, are available. In 2022, the school accepted 57% of applicants. Students earn median base salaries of $78,250.
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    Baylor University (Hankamer) requires MBA applicants to submit a GMAT, GRE, MCAT, DAT, or LSAT score unless they are granted a wavier...

  62. 65. Bentley University

    Waltham, MA
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    Bentley University does not require applicants to submit GMAT or GRE scores, but it is an option. Among those submitting, the average GMAT score was 563. TOEFL score are required for international applicants. In 2022, the school accepted 48% of applicants. After graduating, students earn median base salaries of $77,000.
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    Bentley University does not require applicants to submit GMAT or GRE scores, but it is an option...

  63. 66. University of Oklahoma (Price)

    Norman, OK
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    University of Oklahoma (Price) MBA applicants must submit a GRE or GMAT score with their applications to be consider for scholarship and some waivers are available. The program does not require letters of recommendation. Among students accepted last year, the average GMAT score was 560. TOEFL or IELTS scores are required for international applicants, although some may qualify to waive the requirement. The acceptance rate in 2021 was 93%. Students can enroll in concentrations such as digital technologies and media management. Price graduates earn $75,000 median base salary.
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    University of Oklahoma (Price) MBA applicants must submit a GRE or GMAT score with their applications to be consider for scholarship and some waivers are available...

  64. 67. Morgan State University (Graves)

    Baltimore, MD
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    Morgan State Graves School of Business MBA applicants do not have to submit a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. TOEFL scores are required for international applicants. The median base salary for graduating Graves MBA students in 2022 is $80,000.
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    Morgan State Graves School of Business MBA applicants do not have to submit a GMAT or GRE score to be considered for admission...

  65. 68. University of Cincinnati (Lindner)

    Cincinnati, OH
    University of Cincinnati -EDU
    Michael Hickey—Getty Images
    University of Cincinnati (Lindner) applicants are not required to submit a GMAT or GRE score to be considered for admission, but they are taken into consideration for financial aid awards. The program requires two letters of recommendation. TOEFL scores are required for international applicants, but waivers are available. The acceptance rate in 2022 was 100%.
    University of Cincinnati -EDU
    Michael Hickey—Getty Images
    University of Cincinnati (Lindner) applicants are not required to submit a GMAT or GRE score to be considered for admission, but they are taken into consideration for financial aid awards...

  66. 69. Lindenwood University

    Saint Charles, MO
    Lindenwood University accepts GMAT or GRE scores, but they are not required for admission. Three letters of recommendation are needed if GPA is below 3.0. The program’s acceptance rate was 31.3% last year. A TOEFL or similar test are required for international students, unless they graduated from a U.S. institution.
    Lindenwood University accepts GMAT or GRE scores, but they are not required for admission...

  67. 70. Pace University (Lubin)

    New York, NY
    Pace University (Lubin) requires student to submit a GMAT or GRE score, but waivers are eligible based on academic history. Two letters of recommendation are required to apply. International students are required to present proof of English proficiency through an exam or waiver. Last year, 88.2% of applicants were admitted. Lubin graduates earn $70,000 in median annual salary.
    Pace University (Lubin) requires student to submit a GMAT or GRE score, but waivers are eligible based on academic history...

  68. 71. College of Charleston

    Charleston, SC
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    College of Charleston MBA applicants are not required to submit a GMAT or GRE score to be considered for admission, and the program does not require any letters of recommendation. Among students accepted last year, the average GMAT score was 650. English language proficiency scores are required and accepted from TOEFL, IELTS, or Duolingo. The acceptance rate in 2022 was 45.8%.
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    College of Charleston MBA applicants are not required to submit a GMAT or GRE score to be considered for admission, and the program does not require any letters of recommendation...

  69. 72. Texas Tech University (Rawls)

    Lubbock, TX
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    Texas Tech University (Rawls) MBA applicants must submit either a GMAT or GRE score to be considered for admission, but TTU students with a 3.0 GPA and above may receive a GMAT waiver. The program requires one letter of recommendation. Among students accepted last year, the average GMAT score was 526. All international applicants must provide proof of English proficiency, unless they qualify for a waiver. Texas Tech MBA graduates earn $67,000 median base salary.
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    Texas Tech University (Rawls) MBA applicants must submit either a GMAT or GRE score to be considered for admission, but TTU students with a 3...

  70. 73. University of Texas–San Antonio

    San Antonio, TX
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    Typically, University of Texas–San Antonio MBA applicants must submit a GRE or GMAT score, but the requirement is currently waived. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 326. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 91%.
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    Typically, University of Texas–San Antonio MBA applicants must submit a GRE or GMAT score, but the requirement is currently waived...

  71. 74. Clark University

    Worcester, MA
    Courtesy of Clark University
    Clark University requires a GMAT or GRE score, but offers full-time MBA applicants waivers based on previous work and academic experience. Students need two letters of recommendation in order to apply. Accepted students have an average GMAT score of 590. Last year, 47% of applicants were accepted to the program. Submission of an English proficiency exam is required for most international applicants.
    Courtesy of Clark University
    Clark University requires a GMAT or GRE score, but offers full-time MBA applicants waivers based on previous work and academic experience...

  72. 75. Appalachian State University (Walker)

    Boone, NC
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    Appalachian State University (Walker) requires a GMAT or GRE score to be considered for admission, with waivers available based on undergraduate or work experience. Three recommendation letters to apply to its full-time MBA program. Last year, incoming students had an average GMAT score of 470, with a 89.7% acceptance rate. A TOEFL or IETLS score is required for international students. Concentrations in subjects such as cybersecurity, human resources, and sustainable business are available. Graduates earn a median base salary of $62,500.
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    Appalachian State University (Walker) requires a GMAT or GRE score to be considered for admission, with waivers available based on undergraduate or work experience...

  73. 76. Rochester Institute of Technology (Saunders)

    Rochester, NY
    Courtesy of the Rochester Institute of Technology
    University of Rochester (Simon) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver. Letters of recommendation are not required. Among students accepted last year, the average GMAT score was 514. TOEFL scores are required for international applicants. Simon graduates earn a base salary of $60,000.
    Courtesy of the Rochester Institute of Technology
    University of Rochester (Simon) MBA applicants must submit a GRE or GMAT score, but qualified applicants may receive a test waiver...

  74. 77. John Carroll University (Boler)

    University Heights, OH
    John Carroll University (Boler) does not require GMAT or GRE scores, but they can be submitted. Last year, admitted students had an average GMAT of 660. The program’s acceptance rate was 83%. Only one letter of recommendation is required to apply. Graduates earn $59,000 annual base salary.
    John Carroll University (Boler) does not require GMAT or GRE scores, but they can be submitted...

  75. 78. University of South Florida

    Tampa, FL
    University of South Florida prospective MBA students must submit a GMAT or GRE unless they meet waiver qualifications. Three letters of recommendation are needed to apply, and international applicants must submit a TOEFL score. The acceptance rate is 49%. USF MBA graduates earn a median base salary of $55,500.
    University of South Florida prospective MBA students must submit a GMAT or GRE unless they meet waiver qualifications...

  76. 79. Marquette University

    Milwaukee, WI
    Marquette University MBA applicants only need to submit a GMAT or GRE score if they do not meet waiver requirements, which are based on previous academic and professional experience. Two letters of recommendation are needed to apply. The program acceptance rate is 100%.
    Marquette University MBA applicants only need to submit a GMAT or GRE score if they do not meet waiver requirements, which are based on previous academic and professional experience...

  77. 80. Kent State University

    Kent, OH
    Kent State University applicants must submit either GMAT or GRE scores to be considered for admission to the full-time MBA program unless waiver criteria is met. Two letters of recommendation are required, and proof of English language proficiency, such as TOEFL score, is required for international students. In 2022, Kent State accepted 83% of MBA applicants. Graduates earn a $57,500 median base salary.
    Kent State University applicants must submit either GMAT or GRE scores to be considered for admission to the full-time MBA program unless waiver criteria is met...

  78. 81. Xavier University

    Cincinnati, OH
    Xavier University does not require a GMAT or GRE score for admission consideration, but it may be requested based upon credentials submitted. Two letters of recommendation are needed to apply, and international students must submit a TOEFL score. Last year, 73% of applicants were admitted to Xavier’s MBA program.
    Xavier University does not require a GMAT or GRE score for admission consideration, but it may be requested based upon credentials submitted...

Frequently Asked Questions

What is an MBA?

An MBA, or master of business administration, is an internationally recognized graduate-level degree in business leadership and management that can help you advance in your current industry or change fields. Most MBA programs have a core curriculum focusing on business fundamentals, and full-time programs typically take two years to complete.

Is it worth doing a full-time MBA?

A full-time MBA program requires students to completely immerse themselves in their coursework, group studies, and typically complete an internship. These sacrifices can pay off; the median salary of MBA grads, at $115,000, is 77% higher than people with a bachelor’s degree alone. And some recent MBA grads are fetching $200,000 or more.

Is a full-time MBA hard?

Pursuing an MBA can be hard for students because they must transition back to academia, find the right balance between school and personal obligations, and make the most of networking and other opportunities that are a core part of business school programs. Learn more about what you should consider before you apply.

How long is a full-time MBA program?

Most full-time programs take two academic years to complete, with an internship during the summer in-between. However, some business schools offer 12-month degree programs.

Which MBA has the highest salary?

Some students from top-ranked business schools fetch pay packages exceeding $400,000 in their first roles out of school, depending on their chosen industry. In 2021, Harvard Business School grads netted average pay packages of $217,000, Wharton’s graduating class had a median base salary at $155,000, and more than one-third of Stanford’s latest class went into finance, where they earned $310,000 pay packages.

Can you work and do a full-time MBA?

Most full-time MBA programs are designed to be treated like a job, with a full schedule of coursework and other school-related obligations like group projects. If you don’t want to give up a paycheck while attending school, a part-time, online or executive MBA program may be a better fit.

Is a part-time or full-time MBA better?

Part-time MBA students continue working and earning a salary, while applying lessons learned in the classroom in their current roles. These programs are best for people who want to advance within their current company or industry. Full-time MBA students fully immerse themselves in their business education, pursue an internship, and are often looking to switch careers.

What is a traditional MBA?

A traditional MBA refers to a full-time program that typically takes students two years to complete. Classes are typically conducted in person and on campus for traditional programs, and business school is a full-time endeavor for these students.

Online MBA versus traditional MBA?

Online MBA programs allow for more flexibility in students’ schedules, but traditional full-time programs offer students more personalized coursework and the opportunity to take full advantage of internships, networking, and other career resources. Traditional MBA programs are best for people who are switching careers.

Executive MBA versus traditional MBA?

A traditional MBA program can be an asset for professionals at any point in their career who are looking to switch careers, while the executive MBA option is geared toward more seasoned professionals who want to land a C-suite role.

Which full-time MBA ranking is best?

Fortune’s ranking of the best traditional MBA programs stands out by finding schools that not only offer comprehensive curricula, but also see their students achieve competitive salaries after graduation.