GMAT Exam Fees: Costs, Payment Options, and Key Details
The GMAT exam is non-negotiable for those preparing for graduate business schools. To prepare for the GMAT, you need to do more than just study hard. You also need to carefully plan your finances. Knowing the different costs can help you escape unpleasant surprises. This blog will cover the GMAT exam fees, the different ways you can pay for it, and some money-saving tips. You’ll learn everything you need to know about the GMAT exam to confidently plan your GMAT journey.
Overview of the GMAT Exam
The Graduate Management Admission Test (GMAT) is an internationally accepted test for MBA and graduate management program admissions. It assesses analytical, writing, quantitative, and verbal skills, and is used globally by admissions panels as a standard measure for scoring and assessing. The GMAT exam fee in India is ₹23,001 for the offline center and ₹25,092 for the online exam. The examination lasts roughly 3.5 hours and provides flexibility in timing and format, enabling applicants to demonstrate their competencies efficiently.
It’s crucial to familiarize yourself with the GMAT syllabus before paying the fees and starting your preparation to ensure effective planning and success.
GMAT Exam Fee by Country
GMAT exam fees are different in each country because of differences in the economy and the way things are run in each area. In the table below, you can see how much the GMAT costs in each country:
| Country | GMAT Fees (Online Exam) | GMAT Fees (Test Center Exam) |
| India | ＄300 (₹25,350) | ＄275 (₹23,212) |
| United States | ＄300 (₹25,350) | ＄275 (₹23,212) |
| United Kingdom | £ 275 (₹29,040) | £ 250 (₹26,400) |
| China | ＄250 (₹21,125) | Not available |
| Canada | ＄300 (₹25,350) | ＄275 (₹23,212) |
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How to Pay the GMAT Exam Fee Online?
The steps for paying the GMAT exam fees are very clear and organized. This makes sure that your registration goes through smoothly. Just follow the steps below to make the payment quickly and without any problems. You will save time and have a better GMAT experience if you are well-prepared and know how to pay.
1. Create/Log into Your GMAT Account
- Go to the GMAT’s official website (mba.com) and either sign up for a new account or sign in to your existing account.
2. Schedule Your Exam
- Once logged in, go to the section ‘Register for GMAT’.
- Choose an exam date, time, and location (or select take the online exam option).
3. Proceed to the Payment Option
- After examining the details regarding your exam, click on the pay option.
4. Choose a Payment Option
The payment modes available for the GMAT examination fee are:
- Credit or Debit Cards: VISA, Mastercard, American Express, and Discover Network Cards
- PayPal: This option is for use during online transactions.
- Personal Checks or Money Orders: These should be drawn from a US-based bank and in US dollars. It must be made payable to Pearson VUE-GMAT.
5. Complete the Payment
- Provide your payment information and finalize the process.
- A payment confirmation and details regarding your exam will be sent to you on your official email once the payment has been successfully processed.
Additional Costs for Rescheduling and Cancellation
Preparing for the GMAT entails more than only paying the registration money. Rescheduling or canceling your exam may incur additional fees depending on the time of your request. For optimal planning, here is a comprehensive summary of the related fees:
| Action | Timeline | Fees |
| Rescheduling | More than 7 days before the test | $55 (₹4,634) |
| Rescheduling | Within 7 days of the test date | $150 (₹12,638) |
| Cancellation | More than 7 days before the test | Refund- $100 (₹8,425) |
| Cancellation | Within 7 days of the test date | No Refund |
Key points to remember:
- Rescheduling Fee: Since rescheduling earlier would cost less, changes should be made as early as possible.
- Cancellation Policy: Partial refunds are available only if you cancel more than seven days before the test.
- Online and Test Center Aptitude Test Fees: The same terms and conditions apply to both online examinations as well as test center-based examinations.
Retake Fees and Other Charges
If you decide to repeat the GMAT examination or select supplementary services, be ready for any fees that may be incurred. Below are the details of the costs involved:
| Service | Fees | Details |
| Retake exam fees | $275 (₹23,177) | This applies to any retake, no matter the location. |
| Additional score reports | $35 (₹2,950) | This is in addition to the 5 complimentary score reports included with the registration fee. |
| Enhanced score report | $30 (₹2,530) | It offers a comprehensive assessment of the performance of the candidates. |
| AWA essay rescoring | $45 (₹3,797) | This is a request for a review of your Analytical Writing Assessment results. |
| Canceled score reinstate | $50 (₹4,219) | Reinstate the scores canceled for any reason within 5 years. |
Key points to remember:
- Resit Fees: Should the candidate decide to retake the GMAT, the fee charged will be the same as that charged during the initial registration.
- Score-Related Services: Test-takers may order further score reports or submit their essays for rescoring for an additional fee.
- Reinstated Scores: Scores that a test-taker has canceled can be reinstated, subject to a fee, within the validity period of five years.
Conclusion
Understanding the GMAT exam fees is very important to plan your MBA journey. Regardless of whether you undertake the examination in a center or online, it is crucial to comprehend supplementary expenses such as rescheduling, cancellations, and optional services to prevent unforeseen complications. Effective financial planning and investment in adequate preparation can facilitate your aspiration of enrolling in a graduate business school.
If you’re planning to pursue an MBA and need insights to plan your study abroad journey effectively, explore our guide on the top MBA colleges in the world for international students.
FAQs
Answer: The GMAT exam fees include the cost of the exam and the price of sending up to five score reports for the candidates to their prospective universities. Other score reports can be obtained for additional charges.
Answer: GMAT can be taken a maximum of five times in one year, with a charge of $275 (₹23,177) for every retake. A minimum gap of 16 days is compulsory between two successive attempts.
Answer: If your payment has been declined, you cannot confirm your registration. Please ensure your payment method is valid and enabled for international payments.
Answer: No, if you do not show up for the scheduled GMAT exam without prior cancellation or rescheduling, the exam fees will not be refunded and you will have to pay the entire amount again to re-register.
