Cheapest Online Master’s in Accounting Without GMAT: 2025/26 Ranks

Are you ready to advance your accounting career, command a higher salary, and finally meet the 150-credit-hour requirement for the CPA exam? You know a Master’s in Accounting is the next logical step. But you’re facing two major hurdles: the daunting, time-consuming GMAT exam and the sky-high cost of graduate education.

What if you could bypass both?

You’ve landed in the right place. This is your definitive guide to finding the cheapest online Master’s in Accounting without GMAT requirements for the 2025/2026 academic year.

We’ve done the heavy lifting, researching dozens of programs to identify accredited, high-quality, and, most importantly, affordable options that value your experience and academic record over a single standardised test score.

This isn’t just a list. This is your road-map to a career-changing degree without breaking the bank or spending months studying for an exam you don’t need to take.

Let’s dive in and find the perfect program to launch the next phase of your accounting career.

Why an Online Master’s in Accounting is a Career Supercharger

Before we get to the rankings, let’s quickly reaffirm why you’re making this excellent decision. An online Master of Accountancy (M.Acc. or Macc) or Master of Science in Accounting (MSA) is more than just a line on your resume.

• Meet the CPA 150-Credit Hour Rule: This is the most common reason. Most states require 150 semester hours of education to become a licensed Certified Public Accountant (CPA). A 30-credit master’s program is the most direct and valuable way for an undergraduate accounting major to bridge this gap.
• Unlock Higher Earning Potential: According to the Bureau of Labor Statistics, professionals with a master’s degree earn significantly more on average than those with only a bachelor’s. In accounting, this advanced credential can open doors to leadership roles in management, auditing, and financial consulting.
• Specialize and Future-Proof Your Skills: The accounting world is evolving. Modern programs integrate crucial topics like data analytics, forensic accounting, information systems, and advanced taxation. This specialized knowledge makes you indispensable in a tech-driven market.
• Flexibility for Working Professionals: Online programs offer the ultimate flexibility. Asynchronous courses allow you to study on your schedule—after work, on weekends, or whenever life allows. You can advance your career without putting it on hold.

The GMAT Hurdle: Why “No GMAT” is the New Standard

For decades, the Graduate Management Admission Test (GMAT) was a dreaded gatekeeper for business and accounting graduate programs. It tested quantitative, verbal, and analytical writing skills, but universities are increasingly realizing its limitations.

Here’s why more and more respected institutions are offering GMAT waivers or eliminating the requirement entirely:

1. A Holistic Approach: Admissions committees now prefer a holistic review. They recognize that your undergraduate GPA, professional work experience, letters of recommendation, and personal statement are far better predictors of success than a single, high-pressure test score.
2. Valuing Professional Experience: If you’ve been working in the accounting field for several years, you’ve already demonstrated the aptitude and dedication required for graduate-level study. Your real-world experience is more valuable than a test score.
3. Removing Barriers: The GMAT is expensive (around $275 per test) and requires months of preparation. By removing it, universities attract a wider, more diverse pool of talented applicants—especially working professionals who don’t have time for intensive test prep.

Bottom line: A “no GMAT” policy isn’t a sign of a lower-quality program. It’s a sign of a modern, forward-thinking institution that values what you bring to the table.

The Gold Standard: Why Accreditation is Non-Negotiable

When searching for the “cheapest” program, it’s easy to fall into a trap. An unaccredited degree is worthless. It won’t qualify you for the CPA exam, and employers will not recognize it.

You MUST choose a program with institutional accreditation and, ideally, specialized business school accreditation. There are two main types you should look for:

• AACSB (The Association to Advance Collegiate Schools of Business): This is the global gold standard. Only about 5% of the world’s business schools have earned this elite accreditation. An AACSB-accredited degree carries the most prestige and is recognized by every employer, from the Big Four accounting firms to Fortune 500 companies.
• ACBSP (Accreditation Council for Business Schools and Programs): This is another highly respected accreditation that focuses on teaching excellence and student outcomes. Many excellent, affordable state universities hold ACBSP accreditation. It is widely recognized and will absolutely qualify you for the CPA exam and top jobs.

Our ranking prioritizes accredited universities, with a special note for those holding the prestigious AACSB accreditation.

How We Ranked the Cheapest Online Accounting Master’s Programs

Transparency is key. Here’s the methodology behind our 2025/2026 rankings:

1. Total Estimated Program Cost: We calculated this based on the per-credit-hour tuition rate for online, out-of-state students multiplied by the total credits required (typically 30). We prioritized the absolute lowest total cost.
2. GMAT Policy: The program must either have no GMAT requirement for all applicants or offer a clear, attainable waiver (e.g., based on undergraduate GPA or work experience).
3. Accreditation: All programs on our list are from regionally accredited universities, and we have noted their specific business accreditation (AACSB or ACBSP).
4. Flexibility: All programs are offered 100% online to cater to working professionals and students nationwide.

Disclaimer: Tuition rates are subject to change annually. The costs listed below are estimates based on 2024-2025 data and are intended for planning purposes for the 2025/26 academic year. Always verify the most current tuition and fees directly with the university’s bursar’s office before applying.

Ranked: Top 10 Cheapest Online Master’s in Accounting Without GMAT (2025/26)

Here they are—the most affordable, accredited online master’s programs that will help you achieve your career goals.

1. Fort Hays State University

• Program: Master of Professional Accountancy (MPA)
• Estimated Total Cost: ~$9,500
• Credits: 30
• Accreditation: Regionally Accredited
• GMAT Waiver: GMAT not required for admission.

Why It’s #1: Fort Hays State University (FHSU) has long been a leader in affordable and accessible online education. With a total program cost under $10,000, it is, by a significant margin, one of the cheapest options in the country. The curriculum is robust, covering advanced topics in auditing, taxation, and accounting theory, making it an excellent pathway for aspiring CPAs. While it doesn’t hold a specialized business accreditation like AACSB or ACBSP, its regional accreditation and incredible affordability make it an unbeatable value proposition for the budget-conscious student.

Best For: Students prioritizing the absolute lowest cost to meet the 150-credit hour requirement.

2. Western Governors University

• Program: M.S. in Accounting (MSAC)
• Estimated Total Cost: ~$10,500 – $16,000
• Credits: 30 (10 courses)
• Accreditation: ACBSP
• GMAT Waiver: GMAT not required for admission.

Why It Ranks High: Western Governors University (WGU) operates on a unique, competency-based model. Instead of paying per credit, you pay a flat rate for a six-month term (around $5,230 per term). You can complete as many courses as you can master in that time. Highly motivated students can accelerate their progress and finish the entire 30-credit program in as little as two terms (one year), bringing the total cost to just over $10,000. This model, combined with its ACBSP accreditation, offers an incredible blend of flexibility, speed, and affordability.

Best For: Self-disciplined, motivated individuals who want to finish their degree as quickly and cheaply as possible.

3. Arkansas State University

• Program: Online Master of Accountancy (M.Acc)
• Estimated Total Cost: ~$11,000
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT is automatically waived for applicants with a 3.0+ GPA or relevant professional experience/certifications.

Why It Ranks High: Finding an AACSB-accredited program at this price point is exceptionally rare. Arkansas State delivers exactly that. For just over $11,000, you get a degree from an AACSB-accredited business college, which adds significant prestige and value. The program is designed to prepare students for the CPA exam and leadership roles, with a curriculum focused on advanced accounting theory and practice. The GMAT waiver is straightforward for most qualified applicants, making this a top-tier choice for those who want both affordability and the gold standard of accreditation.

Best For: Students seeking the best possible value—a low-cost program with elite AACSB accreditation.

4. Emporia State University

• Program: Master of Accountancy (M.Acc)
• Estimated Total Cost: ~$13,500
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT is automatically waived for applicants with a 3.25+ undergraduate GPA.

Why It Ranks High: Another hidden gem offering AACSB accreditation at an incredibly competitive price. Emporia State’s School of Business is well-regarded, and its online M.Acc program is tailored for working professionals. The curriculum can be completed in as little as one year and provides a deep dive into subjects like forensic accounting and business valuation. The automatic GMAT waiver for those with a solid academic background makes the application process smooth and straightforward.

Best For: Applicants with a strong undergraduate GPA who want a fast, affordable, and AACSB-accredited program.

5. Georgia Southern University

• Program: Online Master of Accounting (WebMAcc)
• Estimated Total Cost: ~$14,000 (for students with an accounting undergraduate degree)
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT is generally waived for applicants with significant work experience or a strong GPA from an accredited institution.

Why It Ranks High: Georgia Southern University’s Parker College of Business offers a highly respected, AACSB-accredited online program at a fantastic price point. The program is designed for flexibility, delivered in an asynchronous format that is perfect for balancing work and study. It’s consistently ranked among the top online programs in the nation for both quality and value. They also offer foundational courses for those coming from non-accounting backgrounds, making it a versatile choice.

Best For: Career changers and traditional accounting students looking for a top-ranked, flexible, and affordable AACSB program.

6. University of West Florida

• Program: Online Master of Accountancy (M.Acc.)
• Estimated Total Cost: ~$15,500
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT is waived for applicants who meet specific criteria, such as a 3.25+ upper-division GPA or holding a CPA license.

Why It Ranks High: The University of West Florida (UWF) offers a robust, AACSB-accredited M.Acc. program renowned for its rigor and excellent student support. The curriculum is comprehensive, with specialized courses in governmental and not-for-profit accounting. UWF is nationally recognized for its military-friendly policies and overall value. The straightforward waiver policy makes it accessible for high-achieving undergraduates and experienced professionals.

Best For: Students seeking a well-rounded, challenging curriculum from a respected state university with strong support services.

7. Shorter University

• Program: Online Master of Accountancy (M.Acc)
• Estimated Total Cost: ~$15,750
• Credits: 30
• Accreditation: ACBSP
• GMAT Waiver: GMAT not required for admission.

Why It Ranks High: Shorter University is a private, Christian university that offers a surprisingly affordable and accessible online M.Acc. With no GMAT requirement for any applicant and a total cost under $16,000, it’s a fantastic option. The program is ACBSP-accredited and can be completed in just 12 months. Its curriculum is designed with the CPA exam in mind, focusing on core competencies in financial reporting, auditing, regulation, and business environment concepts.

Best For: Students looking for a fast-track, faith-based program with a simple admissions process and solid accreditation.

8. University of North Dakota

• Program: Master of Accountancy (M.Acc.)
• Estimated Total Cost: ~$16,000
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT is automatically waived for applicants with a 3.0+ GPA or 2.75+ GPA with relevant work experience.

Why It Ranks High: The University of North Dakota (UND) offers a highly flexible and well-regarded online M.Acc. program. What sets UND apart is its option to complete the program in a traditional semester format or through a self-paced, enrollment-based format, giving you ultimate control over your timeline. The program offers both a “Fundamentals” track for non-accounting majors and a “Professional” track for those with an accounting background. This flexibility, combined with its AACSB accreditation and affordable price, makes it a powerful contender.

Best For: Students who need maximum flexibility, including career changers who require prerequisite courses.

9. University of South Dakota

• Program: Online Master of Professional Accountancy (MPA)
• Estimated Total Cost: ~$16,500
• Credits: 30
• Accreditation: AACSB
• GMAT Waiver: GMAT waived for applicants with a 3.2+ undergraduate GPA or relevant professional certifications (CPA, CMA).

Why It Ranks High: Located within the esteemed Beacom School of Business, the University of South Dakota’s online MPA is another AACSB-accredited powerhouse. The program boasts small class sizes, even online, allowing for greater interaction with expert faculty. It offers specialized tracks in both Business Analytics and Taxation, allowing you to tailor your degree to your specific career aspirations. This focus on specialization is a huge plus in today’s data-driven accounting landscape.

Best For: Students who want to specialize in high-demand areas like data analytics or tax within an affordable, AACSB-accredited framework.

10. Eastern Washington University

• Program: Master of Professional Accounting (MPAcc)
• Estimated Total Cost: ~$17,000
• Credits: 36 (quarter system)
• Accreditation: AACSB
• GMAT Waiver: GMAT waived for applicants from an AACSB-accredited school with a 3.25+ GPA in their last 90 quarter-credits.

Why It Ranks High: Eastern Washington University offers a comprehensive and affordable AACSB-accredited program. While it requires slightly more credits due to the quarter system, the total cost remains highly competitive. The program is designed to be completed in one year and has a strong record of placing graduates in public accounting firms and industry. The faculty are praised for being accessible and supportive, providing a quality educational experience in a fully online format.

Best For: Students who can meet the GPA requirement and are looking for a fast-paced, one-year program from a well-respected AACSB-accredited institution.

Quick Comparison Table

Beyond Tuition: Budgeting for the Hidden Costs

While tuition is the biggest expense, it’s not the only one. To create a realistic budget for your 2025/26 studies, consider these additional costs:

• University Fees: Most universities charge technology fees, online learning fees, or student service fees per semester or per credit hour. These can add several hundred to a few thousand dollars to your total bill.
• Textbooks and Software: Budget for digital textbooks, accounting software, and other course materials. Some programs use Open Educational Resources (OER) to reduce this cost, which is a huge plus.
• Proctoring Fees: Some exams may require a virtual proctoring service, which often has a fee per exam.
• Application Fees: Most schools charge a non-refundable application fee ranging from $30 to $75.
• Graduation Fees: A final fee is often required to process your diploma and finalize your graduation.

Action Tip: When you narrow down your top 2-3 choices, create a spreadsheet and itemize all potential costs listed on the university’s website to get a true “all-in” estimate.

How to Strengthen Your Application (Without a GMAT Score)

Since the university won’t see a GMAT score, they will place more weight on other parts of your application. Here’s how to make your profile stand out:

• Highlight Your GPA: If you have a strong undergraduate GPA (especially in your major-specific courses), make sure it’s front and center.
• Craft a Compelling Personal Statement: This is your chance to shine. Don’t just list your accomplishments. Tell a story. Why do you want this degree? What are your career goals? How has your work experience prepared you for graduate study? Connect your past experiences to your future aspirations.
• Get Strong, Relevant Letters of Recommendation: Ask professors or supervisors who know you well and can speak to your work ethic, intellectual curiosity, and accounting aptitude. Give them plenty of notice, your resume, and your personal statement so they can write a detailed, personalized letter.
• Optimize Your Resume: Tailor your resume to the program. Use keywords from the program description. Quantify your achievements whenever possible (e.g., “Identified cost-saving measures that reduced expenses by 15%”).

Frequently Asked Questions (FAQ)

1. Can I get an online master’s in accounting without an accounting bachelor’s degree?

Yes! Many programs on our list (like Georgia Southern and the University of North Dakota) offer “bridge” or “foundational” tracks. These consist of several prerequisite courses you take before starting the core master’s curriculum. It will add time and cost to your degree, but it’s a fantastic pathway for career changers.

2. How long does an online accounting master’s take?

Most programs are 30 credits and can be completed in 12-24 months. Accelerated options (like at WGU or Shorter) can be finished in a year or less, while part-time students may take up to two years.

3. Is an online master’s degree as respected as an on-campus one?

Absolutely. Today, employers view online degrees from accredited universities as equal to their on-campus counterparts. The diploma you receive will not say “Online” on it—it will be from the university itself. What matters is the school’s accreditation and reputation, not the delivery format.

4. What’s the difference between a M.Acc. and an MSA?

The terms are often used interchangeably. Historically, a Master of Accountancy (M.Acc.) was for students with an undergraduate accounting degree, while a Master of Science in Accounting (MSA) was for those from other backgrounds. Today, the distinction is blurred. Focus on the program’s curriculum and accreditation rather than the title.

5. Will these programs guarantee I become a CPA?

No program can “guarantee” you’ll pass the CPA exam. However, all the programs on this list are specifically designed with CPA licensure in mind. Their curriculum covers the content tested on the exam and helps you fulfill the 150-credit hour educational requirement. Your success on the exam will ultimately depend on your dedicated study and preparation.

Your Next Step

You now have a clear, actionable list of the cheapest online master’s in accounting without GMAT requirements for 2025/26.

The path to becoming a CPA, earning a higher salary, and taking on a leadership role is more accessible and affordable than ever before. You don’t need to be held back by an expensive, stressful exam.

Your investment in one of these programs is an investment in yourself and your future. The return—in terms of salary, opportunity, and professional fulfillment—will pay dividends for the rest of your career.

Start exploring the websites of your top 3 choices from this list. Check their application deadlines for the 2025/26 academic year. Your future in accounting is waiting.