GMAT Exam Fee 2023 -
Test Dates, Result

The GMAT, Graduate Management Entrance Test, is one of the popular tests that is accepted for admission to top business schools in the world. This computer-based test assesses your analytical writing, quantitative, verbal and reading skills. The GMAT exam fee in India is USD 275 (INR 24,848 approx.).

Do you wish to learn more about GMAT exam fee? Do you know which are the accepted GMAT exam fee payment modes?

The GMAT entrance exam fee typically includes a base registration fee and additional charges for optional services. The base registration exam fees for GMAT is USD 275. Additional costs may apply for services such as rescheduling, score reporting to multiple schools, or obtaining an Enhanced Score Report. It is essential to visit the official GMAT website or contact GMAC (Graduate Management Admission Council) for the most up-to-date fee information.

The GMAT exam booking fees are different for online and test centre versions. The GMAT exam fee in India is USD 275 (INR 24,848 approx.) for the test centre and USD 300 (INR 24,920 approx.) for the online one. Apart from this, there will be an additional reschedule GMAT exam fee if you want to change the test date. Also, you will not receive any refund if you do not show up for the test. The table below gives you details of the GMAT exam fees.

You have the option to cancel your GMAT exam if you are unable to attend the test on the given date. However, you will be required to pay a GMAT cancellation fee, the amount of which varies depending on the number of days before the exam the cancellation is made. You cannot cancel or modify the test 24 hours before the test. The table below will help you understand better.

You have the option to reschedule your GMAT exam if you are not in a position to attend the test on the given date. However, you will be required to pay a GMAT rescheduling fee for this. A detailed breakdown of the same is given in the table below.

There can be changes in the GMAT exam fee based on a few factors, and it may not be a uniform amount in all cases. A few of these factors that can influence GMAT exam fees are given below.

1. Location: The GMAT entrance exam fee can vary depending on the country or region where you plan to take the test. Some areas may have higher testing fees due to local administrative costs or currency exchange rates.
2. Rescheduling and Cancellation: If you need to change your test date or cancel your exam, GMAC may charge additional fees. The closer the change is to your original test date, the higher the fee is likely to be.
3. Additional Score Reports: Sending your GMAT scores to multiple business schools can incur extra charges. GMAC typically includes a limited number of free score reports with your initial registration fee.
4. Enhanced Score Report: If you wish to receive a detailed analysis of your GMAT performance, you may need to pay for an Enhanced Score Report.
5. Test Preparation: While not a direct exam fee, you may choose to invest in test preparation materials or courses, which can add to the overall cost of preparing for the GMAT.

GMAC, or Graduate Management Admission Council, which conducts the GMAT exam, offers the option of GMAT exam fee waivers to students who are not in a financial position to pay the GMAT exam booking fees. GMAC offers 10 GMAT exam fee waivers in the respective schools. However, you cannot directly apply for a fee waiver. GMAC has left it to the business schools to give GMAT exam fee waivers to their students. In a 12-month period, business schools can apply for 10 waivers or reductions. You should have a proven financial need to be eligible for the fee waiver, and the business schools can decide on this financial criteria. You should consult the financial aid department of your business school to know whether they offer the option for a GMAT exam fee waiver.

Saving money on GMAT exam fees is possible with careful planning and consideration. Here are some tips to help you reduce your GMAT-related expenses:

Early Registration: Register for the GMAT well in advance. GMAC often offers lower fees for early registrants, so plan your test date and register as soon as you are ready.

Fee Waivers: Check if you qualify for any fee waivers. Some programs, like the MBA Fee Assistance Program, may provide financial assistance to eligible candidates, covering part or all of the GMAT exam fees.

Bundle Services: If you plan to send your scores to multiple business schools, consider bundling score reports during registration. This can be more cost-effective than sending individual score reports later.

Utilise Free Score Reports: Take advantage of the free score reports included with your initial registration fee. Make sure to choose schools where you are most likely to apply to maximise this benefit.

Avoid Rescheduling: Plan your test date carefully to avoid rescheduling fees. Changing your test date, especially close to the original date, can incur additional charges.

Prepare Thoroughly: Invest time in thorough GMAT preparation to increase your chances of achieving a high score on your first attempt. This can reduce the need for retakes and associated fees.

Use Free or Low-Cost Study Resources: Explore free or affordable GMAT study materials, such as online practice tests, sample questions, and open-source study guides, before investing in costly test prep courses.

Look for Discounts: Keep an eye out for promotions or discounts offered by GMAC or authorised GMAT test centres. Occasionally, they may offer reduced fees for certain periods or locations.

Consider Test Centers: Explore test centres in nearby cities or regions. Exam fees may vary by location, so choosing a more affordable test centre could save you money.

Plan Your MBA Application Strategy: Be strategic about which business schools you apply to. Focus on schools that align with your career goals and are more likely to admit you, reducing the need for sending scores to numerous institutions.

Paying the GMAT exam fees involves several steps. Given below is a step-by-step guide to help you through the process.

1. Create a GMAT Account.
2. Log in to your GMAT account using the credentials you created.
3. Schedule your test.
4. Review and confirm the information given.
5. Select additional services if required.
6. Review the GMAT exam fees.
7. Pay the exam fee.
8. Confirm and submit the application.

The common GMAT exam fee payment modes are credit and debit cards. You can also opt for cashier’s checks, money orders, and personal checks.

• Credit and Debit Cards: You can consider paying with a VISA, MasterCard, American Express and Discover Network Cards.
• Cashier’s Checks, Money Orders and Personal Checks: The payment, in this case, must be sent to Pearson VUE-GMAT in USD, drawn on a US bank, and for the entire sum.

We hope that you have gathered enough information related to GMAT exam fees. It is always a good idea to visit the official website to get updated information on the GMAT exam fee in India. If you have any further questions or doubts, you can contact AECC. We have trained counsellors to guide you through the entire process related to studying abroad, from university applications to visa guidance. Do not hesitate to contact us for FREE assistance!