GMAT Exam Fees

Introduction

The GMAT(Graduate Management Admission Test) standardized exam applied by graduate business schools to assess prospective students’ quantitative and verbal reasoning skills —the GMAT exam scores between 200 and 800, with higher scores indicating stronger academic performance.

The cost of taking the GMAT exam varies depending on the country in which you take it. In India, the GMAT exam fee is US$275 for the test centre-based exam and US$300 for the online exam.

GMAT Exam Fees in India

The GMAT exam fee in India is US$275 for the test centre-based exam and US$300 for the online exam.

GMAT Rescheduling Fee

The fees for rescheduling will depend on how much near is your appointment date before making the changes. Suppose you are rescheduling your exam with more than 60 days left to the appointment, you have to pay a fee of US$55.  However, if you are making changes with more than 15 to 60 days only left before the appointment, you have to only pay a fee of US$110. This  rescheduling fee increase to US$165, if appointment is 14 days or less.

GMAT Cancellation Fee

Similarly, cancellation fees are also based on how much cancellation date is near to the appointment date. See the table below:

Additional GMAT Fees

In addition to the basic exam fee, there are several additional GMAT fees that you may need to pay, including:

• Rescheduling fee: If you need to reschedule your GMAT exam, you will be charged a fee of US$50. Please check the Reschedule fees table above mentioned.
• Cancellation fee: If you need to cancel your GMAT exam, you will be charged a fee of US$105. Please check the Cancellation fee table above mentioned
• Additional score report fee: If you need to send additional score reports to business schools, you will be charged a fee of US$35 per report.
• GMAT Enhanced Score Report (ESR): The ESR is a detailed report of your GMAT performance that can help you uderstand your strengths and weaknesses. The ESR costs US$35.

How to Pay the GMAT Exam Fee

You can pay the GMAT exam fee online using a credit or debit card. You can also pay the fee in person at a test center using a credit or debit card, cash, or check.

Additional Tips

•  If you are on a tight budget, you may want to consider taking the GMAT exam online. The online exam is slightly more expensive than the test centre-based exam, but it can save you money on travel and other expenses.
• You may also want to consider taking the GMAT exam during the off-season. The GMAT exam fee is typically lower during the off-season, from May to August.
• Finally, you may find discounts on the GMAT exam fee through your employer or other organizations. Be sure to check with your employer and other organizations to see if they offer any discounts on the GMAT exam fee.

Conclusion

The GMAT exam fee is a significant investment but an important part of the MBA application process. By understanding the different components of the GMAT exam fee, you can budget accordingly and ensure you are prepared to pay the fee on time.

FAQs 

Q: How much does the GMAT exam cost in India?

A: The GMAT exam fee in India is US$275 for the test centre-based exam and US$300 for the online exam.

Q: What are the additional GMAT fees?

A: In addition to the basic exam fee, there are several additional GMAT fees that you may need to pay, including:

• Rescheduling fee: US$50
• Cancellation fee: US$105
• Additional score report fee: US$35 per report
• GMAT Enhanced Score Report (ESR): US$35

Q: How can I pay the GMAT exam fee?

A: You can pay the GMAT exam fee online using a credit or debit card. You can also pay the fee in person at a test :centre using a credit or debit card, cash, or check.

Q: Is the GMAT exam fee refundable?

A: Yes, the GMAT exam fee refundable. It all depends on how much your reschedule and cancellation request is near to your appointment date. For detailed refund fees information, refer to the blog above.