Last Updated on September 27, 2024
The GMAT, a computer-adaptive entrance test that holds a high reputation globally among people who want to study in business schools, is very important for students worldwide. This 3-hour and 7-minute exam has four parts: Integrated Reasoning; Quantitative Reasoning; Analytical Writing Assessment (AWA); and Verbal Reasoning. The basic cost to register for GMAT at a test centre is $275 or INR 22,996 but please note that the exact amount in INR might vary depending on exchange rate during registration time.
However, the whole cost of taking the GMAT is not just the registration fee. Changing the date and time of the exam or cancelling it will also have extra charges that may vary depending on various factors like how early you make changes or if there are any special circumstances involved in your situation. The GMAT exam fee encompasses a lot of costs. So, when you plan to take GMAT keep in mind these possible additional expenses other than basic registration cost.
This blog gives a complete understanding of all expenses related to the GMAT, allowing you to plan and manage your money wisely.
Read: GMAT Exam Preparation Tips: How to Prepare for GMAT Exam?
GMAT Exam Fee: Overview of the GMAT
The GMAT, with its wide-ranging content and different question formats, could prove to be a difficult test for numerous hopeful learners looking to further their education in the realm of business. To grasp this well, here are some important aspects to bear in mind prior you begin your preparation for GMAT:
- Score range: It’s important for international students to know the scoring range of GMAT, which is from 200 to 800, before they start their research work. Your aim should be to achieve a score that matches with what your desired school demands.
- Concentrate on your main competencies: The GMAT does not evaluate social, leadership, communication, or teamwork abilities. Its main areas of concentration are English analytical, writing, quantitative, and verbal reasoning.
- Make a solid study schedule: Make a strategic plan for your efforts. The GMAT may be taken up to five times a year, with a maximum of eight tries allowed in total.
- Global reach: The GMAT provides access to opportunities worldwide. GMAT scores are accepted for approximately 7,700 programs at 2,400 colleges across 114 countries, and the exam is offered in more than 600 locations globally.
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GMAT Exam Fee: How to Register for the GMAT?
Registering for the GMAT is a simple process and there are two ways to take the exam: either online or at a test centre near you. Here, we present you with step-by-step instructions on how to register yourself in GMAT:
Step 1: Make an acount on MBA.com. This website is the official one for GMAT, and it must be used for planning and controlling your exam. Just select “Register” and proceed to make an account by following given instructions.
Step 2: Choose if you want to take the GMAT online or in a test centre.
Step 3: Give a few essential details about yourself, such as your name, address, and educational background.
Step 4: From the available list of options, choose the time and date that you want.
Step 5: Pay the cost of registration. The GMAT tends to cost $275, or INR 22,996, at a test center, and $300, or INR 25,086, online. Credit or debit cards can be used to make the payment.
Check: GMAT Exam Registration: Step-by-Step Process of Slot Booking
What is the GMAT Exam Fee in India?
The GMAT fee in India is $275, or INR 22,996, for in-person testing, and $300, or INR 25,086 for online testing. The distribution of additional fees and costs related to the GMAT exam is as follows:
| Service Fees | Test Center | Online |
| GMAT Exam Fees | $275 | $300 |
| Enhanced Score Report (purchased at the time of registration) | $30 | Not Available |
| Additional Score Report | $35 each | $35 each |
| Cancel score (via mba.com My Account page after the exam) | $25 | Not Applicable |
| Reinstate score | $50 | Not Applicable |
| AWA Essay Rescoring | $45 | $45 |
| Rescheduling fees for more than 60 days before the appointment | $55 | $60 |
| Rescheduling fees for 15–60 days before the appointment | $110 | $120 |
| Rescheduling fees for 14 days or less before the appointment | $165 | $180 |
| Cancellation fees for more than 60 days before the appointment | $110 refund | $120 Refund |
| Cancellation fees for 15–60 days before the appointment | $80 refund | $90 Refund |
| Cancellation fees for 14 days or less before the appointment | $55 refund | $60 Refund |
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What are the Accepted Modes of Payment?
Once you are at the final step of completion the GMAT fee, it is crucial to understand the various modes of payment available. Although VISA, Mastercard, American Express, and Discover Network cards are easily accepted by GMAC, please be advised that your appointment will be immediately cancelled in the event that the payment from your selected card is denied. You will have to reschedule your test using a working payment method in such circumstances.
GMAC also take checks, cash, and money orders from individuals who would rather use other ways. But do make sure of the following:
- Your payment to Pearson VUE-GMAT is in US dollars, drawn from a bank in the United States, and it covers the total amount with taxes if they apply.
- This cheque has the date, your signature and the bank name with the location.
- They take your payment from your account a minimum of 10 days before the test date for processing.
Check: GMAT Syllabus: Guide on GMAT Exam Pattern, Duration, Section Wise Syllabus
FAQs
What happens if I am unable to take the GMAT after paying for it? Will I get the amount back?
Avoid losing your GMAT registration fee by rescheduling the test as soon as possible.
Is the GMAT registration fee different for GMAT online at GMAT test centre?
Yes. GMAT online is slightly expensive, costing $300, while the offline test costs $275.
Will I be charged extra if I cancel my GMAT?
There is an extra $10 charge for test cancellations. The cost of your cancellation is increased by this sum. For instance, you would receive a $140 refund if you cancelled 60 days prior to the test ($100 cancellation fee + $10 cost).
Manan is a graduate of the esteemed University of Delhi where he cultivated a taste for writing and research. His degree in Bachelor of Management Studies helps him guide students in their academic endeavours. Manan strives to spread excellent study abroad tips that can prove to be helpful.
