Table of Contents
GMAT Exam Fees: Fee and cost Worldwide, Payment Methods and Fee Waiver
GMAT exam fees differ depending on your country. The GMAT fees in India and USA are INR 22,630.44 ($275), while it is INR 22,663.19 (£225) in the UK. In a few European countries, the GMAT price is INR 23,472.03 ($285); the total cost is expressed in either euros or pounds. While paying GMAT exam fees, or any additional product or service with a credit card or debit card, please consider using VISA, Mastercard, American Express, and Discover Network Cards.
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GMAT Additional Costs
Apart from GMAT registration fees, there are many additional associated with the GMAT exam cost.
Here are the GMAT exam fees:
- Registration fee
- Reschedule fee
- Cancellation fee
- Additional score reports
- Score cancellation after leaving the test center
- Score reinstatement
- AWA essay rescoring
- Preparation cost
GMAT Cancellation Fee
In case you want to cancel the GMAT exam 1 to 14 days prior to the test date then you will be charged $200 and $50 will be refunded. If you cancel the exam 15 - 60 days prior to the exam date then you will be charged $175 and $75 will be refunded.
GMAT Rescheduling Fee
In case you want to reschedule the GMAT exam 1 to 14 days prior to the test date then you will have to pay US$150. If you reschedule the GMAT exam 15 - 60 days prior to the exam date then you have to pay US$100.
Also, Check- GMAT application trends
GMAT Fees Around the World
The cost of taking the GMAT differs among countries and therefore, in this section, we have categorized them into different groups.
GMAT Fee and Cost in India
The GMAT exam fees in rupees are INR 21,000 (varies on the exchange rate). Here are the costs of different GMAT products and services like GMAT Enhanced Score Report, GMAT score sending, and more, while you’ll incur while taking the GMAT test in India:
| GMAT Fee Criteria | GMAT Exam Fees | GMAT Fees in INR |
|---|---|---|
| GMAT Registration fee in India | US$275 | INR 22,630.44 |
| Enhanced Score Report | US$30 | INR 2,468.78 |
| Additional Score Report | US$35 each | INR 2,880.24 |
| Cancel score (online after you leave the test center) | US$25 | INR 2,056.14 |
| Reinstate score | US$50 | INR 4,113.03 |
| AWA Essay Rescoring | US$45 | INR 3,701.54 |
| GMAT Reschedule Fees | ||
| More than 60 days before the appointment | US$50 | INR 4,113.48 |
| 15-60 days before the appointment | US$100 | INR 8,226.95 |
| 14 days and less before the appointment | US$150 | INR 12,345.00 |
| Cancellation Fees | ||
| More than 60 days before the appointment | US$100 refund | INR 8,226.95 |
| 15-60 days before the appointment | US$75 refund | INR 6,171.71 |
| 14 days and less before the appointment | US$50 refund | INR 4,113.48 |
The cost of taking the GMAT in the US is similar to India’s except for the registration fee which is $275 in the US. Here are the different criteria like GMAT Enhanced Score Report, GMAT score sending, and more and GMAT fees given below:
| GMAT Fee Category | GMAT Fees amount | GMAT Fees in INR |
|---|---|---|
| GMAT Registration fee | US$275 | INR 22,630.44 |
| Enhanced Score Report | US$30 | INR 2,468.78 |
| Additional Score Report | US$35 each | INR 2,880.24 |
| Cancel score (online after you leave the test center) | US$25 | INR 2,056.14 |
| Reinstate score | US$50 | INR 4,113.03 |
| AWA Essay Rescoring | US$45 | INR 3,701.54 |
| Reschedule Fees | ||
| More than 60 days before the appointment | US$50 | INR 4,113.48 |
| 15-60 days before the appointment | US$100 | INR 8,226.95 |
| 14 days and less before the appointment | US$150 | INR 12,345.00 |
| Cancellation Fees | ||
| More than 60 days before the appointment | US$100 refund | INR 8,226.95 |
| 15-60 days before the appointment | US$75 refund | INR 6,171.71 |
| 14 days and less before the appointment | US$50 refund | INR 4,113.48 |
GMAT Fee and Cost in the UK
The GMAT registration fee in the UK is £225. The additional score reports charge $35. You can also opt for GMAT online application from your home comfort. The below table highlights those costs:
| GMAT Fee Category | GMAT Fees amount | GMAT Fees in INR |
|---|---|---|
| GMAT Registration | £225 | INR 22,663.19 |
| Enhanced Score Report (purchased at the time of registration) | £24 | INR 2,417.05 |
| Reschedule Fees | ||
| More than 60 days before the appointment | £45 | INR 4,532.74 |
| 15-60 days before the appointment | £85 | INR 8,562.60 |
| 14 days or less before the appointment | £125 | INR 12,596.86 |
| Cancellation Fees | ||
| More than 60 days before the appointment | £85 refund | INR 8,562.60 |
| 15-60 days before the appointment | £70 refund | INR 7,055.05 |
| 14 days or less before the appointment | £45 refund | INR 4,532.74 |
| Additional Score Report | US$35 each | INR 2,880.24 |
| Cancel score (online after you leave the test center) | US$25 | INR 2,056.14 |
| Reinstate score | US$50 | INR 4,113.03 |
| AWA Essay Rescoring | US$45 | INR 3,701.54 |
GMAT Fee and Cost in Eurozone Countries
The GMAT registration fee in a eurozone country is €250. For the additional score reports you’ll have to pay $35 for each report. The below table highlights those costs:
| GMAT Fee Criteria | GMAT Fees amount | GMAT Fees in INR |
|---|---|---|
| GMAT Exam Fees | Fees | in Indian Currency |
| GMAT Exam Registration | €250 | INR 7,055.05 |
| Enhanced Score Report (purchased at time of registration) | €26 | INR 2,257.76 |
| Reschedule Fees | ||
| More than 60 days before the appointment | €50 | INR 4,341.85 |
| 15-60 days before the appointment | €100 | INR 8,688.91 |
| 14 days or less before the appointment | €150 | INR 13,033.36 |
| Cancellation Fees | ||
| More than 60 days before the appointment | €100 refund | INR 8,687.00 |
| 15-60 days before the appointment | €75 refund | INR 6,515.25 |
| 14 days or less before the appointment | €50 refund | INR 13,033.36 |
| Additional Score Report | US$35 each | INR 2,880.24 |
| Cancel score (online after you leave the test center) | US$25 | INR 2,056.14 |
| Reinstate score | US$50 | INR 4,113.03 |
| AWA Essay Rescoring | US$45 | INR 3,701.54 |
GMAT Fee and Cost in Non-Eurozone Countries
If you’re someone in a Non-Eurozone country, you’ll have to pay in USD, but your cost structure would be a little higher. The below table highlights those costs:
| GMAT Service Criterias | Cost | GMAT Fees in INR |
|---|---|---|
| GMAT Exam | US$285 | INR 23,472.03 |
| Enhanced Score Report | US$30 | INR 2,468.78 |
| Additional Score Report | US$35 each | INR 2,880.24 |
| Cancel score (online after you leave the test center) | US$25 | INR 2,056.14 |
| Reinstate score | US$50 | INR 4,113.03 |
| AWA Essay Rescoring | US$45 | INR 3,701.54 |
| Reschedule Fees | ||
| More than 60 days before the appointment | US$55 | INR 4,529.14 |
| 15-60 days before the appointment | US$115 | INR 9,470.02 |
| 14 days and less before the appointment | US$170 | INR 13,999.16 |
| Cancellation Fees | ||
| More than 60 days before the appointment | US$115 refund | INR 9,470.02 |
| 15-60 days before the appointment | US$85 refund | INR 6,997.29 |
| 14 days and less before the appointment | US$55 refund | INR 4,527.66 |
GMAT Total Cost Calculations
To determine the overall cost of taking the GMAT, we have selected three situations. A portion of the GMAT preparation cycle is provided below for each case. We've used the GMAT costs in India and the USA as an example:
A GMAT preparation cycle includes the above given steps and associated GMAT fees –
- GMAT Registration Fee
- GMAT Coaching fees
- Rescheduling the test (if, required)
- Taking the GMAT
- Cost of Retaking the GMAT (if, required)
- Requesting additional score reports
- Applying to Business Schools
GMAT Exam Fees Mode of Payment
Candidates can make payment for the GMAT application fee by following a few easy steps. You need to pay GMAT form fees only by debit or credit cards that allow international transactions. Such cards are Visa, American Express, MasterCard, or JCB.
While paying for GMAT application fees, few things to be considered as follows:
GMAT Exam Fees through Card
- Only Visa, Amex, MasterCard, and JCB cards are accepted.
- Charges on credit card statements will appear as “VUE*GRAD MGMT TEST”.
- Automatic cancellation will be initiated if the card is declined.
- Candidates should reschedule another appointment by initiating GMAT exam fees payment properly.
- If any fraudulent card is used for paying GMAT form fees then the registration will be canceled. GMAC can also take severe actions against the candidate.
- If the candidate challenges or disputes GMAT exam fees with a card, then GMAC can also block the candidate from taking further exams.
GMAT Exam Fees through Check, Money Orders, or Personal Check
- If the candidate pay GMAT exam fees through check or money order need to keep a few of the following things in mind:
- GMAT form fees must be payable to Pearson VUE GMAT in US Dollars.
- Use the current date.
- Make an appropriate signature.
- Pre-printed the bank name and its location on the check.
- Pearson VUE must receive the GMAT application fees at least 10 days before the GMAT exam date.
- Due to insufficient balance. Pearson VUE will deduct a service fee from the account electronically and the GMAT appointment will be canceled.
GMAT Fee Waiver
GMAT fee waivers help those candidates who are unable to complete GMAT registration due to the financial crisis. GMAC ensures such potential candidates take the exam just by requesting a GMAT fee waiver option. GMAC offers 10 GMAT fee waivers for free in respective schools. Candidates must write a letter to the director or someone with a similar position about the financial crisis. The graduate school also has to accept GMAT scores for the particular program where the candidate must be applying. With the GMAT fee waiver request by the Director, GMAC will easily waive off the GMAT cost. Candidates will receive GMAT exam fees waiver codes via mail. While registering for GMAT, candidates have to use the fee waiver code. Till the expiry date given, candidates can use the GMAT fee waiver code.
GMAT 2024 : 27 Answered QuestionsView All
Ans. Generally speaking anything above 750 is a good score for admission to IBS Hyderabad. But even a high GMAT score does not guarantee admission to IBS Hyderabad because the shortlisting is profile-based. GMAT score is just a part of the entire selection process. You need to improvise your profile by working on other aspects also like essays profile academics extracurricular activities Academics: Your 12th class marks graduation grades, post-graduation, and certification scores along with the GMAT cutoff is considered in your academic profile. Leadership: The leadership skills of the aspirants are tested on the basis of their prior achievements and roles. Personal attributes: This comprises your personal qualities like hobbies, talents, and extracurricular skills. Aspirants from diverse work experiences, cultures, and educational backgrounds are welcomed at IBS Hyderabad. So along with preparing well for GMAT, give importance to these parameters as well to increase your chances of admission. Read more
Ans. In case you are enquiring about the CAT percentile let me clarify that ISB Hyderabad does not take into consideration CAT scores. It accepts GMAT/GRE scores only. Most importantly, the ISB Shortlisting process is profile-based. This means even with a lower percentile you can manage to get shortlisted provided you have an excellent profile. There is no fixed cutoff for GMAT. However, a 700+ GMAT score isn't a must-have for ISB if your application is strong in other areas. According to an ISB spokesperson, candidates were admitted to the 2021 cohort with scores as low as 580, and as high as 780. So the GMAT score range for ISB is 580-780. Read more
Ans. Yes, it certainly is worth paying a hefty fee of 30k for GMAT coaching at Crack ISB Hyderabad. The quality of trainers and the certainty of admission is what draw the candidates here. While there are many institutes that specialize in training for the CAT, very few institutes offer training for GMAT. Crack ISB Hyderabad has many features that have made it so popular and demanding among GMAT aspirants The peer group is a productive and effective group discussion is possible The institute gives the admission essay reviews free of cost while most institutes charge around 20-25k The quality of editing is much better at this Institute mainly because the faculty comprises alumni of top B Schools So it’s better to pay more for quality education than pay less or the same for substandard education. But remember an Institute can just prepare you for your entrance exam. It’s upon you to put in maximum effort and achieve your goals. Read more
Ans. There is hardly any B-school in India that accepts GMAT scores for full-time MBA. IIMs, FMS, XLRI, JBIMS, IIFT, MDI, etc. are some of the institutions that accept GMAT scores. However, students applying through a foreign national quota or NRI quota are eligible for GMAT score. ISB on the other hand accepts the GMAT for its full-time program MBA program. Here is the list of some B-Schools that accepts GMAT scores in India XLRI, Jamshedpur XIM, Bhubaneswar VIT Business School TISS, Mumbai TERI School of Advanced Sciences, TERI University TASMAC, Pune TAPMI, Manipal School of Management, Udaipur School of Management, NMIMS, Mumbai School of Management, International Institute of Management This is why most students go for CAT, XAT, SNAP, and other management exams for admission in MBA. Only foreign nationals or students with NRI Quota can apply through GMAT. Read more
Ans. Yes, ISB Hyderabad’s PGP program requires a minimum of 2 years of full-time paid work experience. This criteria came into force on 31st March 2016 and is still a necessity. For candidates who lack in this aspect, there is a back door entry called the Early Entry Option or the EEOs. Under this, you can apply right away, go through the selection process, and receive the admission offer but join only after working for 2 years. This can also be referred to as Deferred admission. Read more
Ans. More than 140 Business Schools in India accept GMAT scores. Here is a list of popular B-School that accept GMAT scores. IIM Ahmedabad (PGPX) IIM Bangalore (EPGP) IIM Calcutta (PGPEx) IIM Indore (EPGP) IIM Kozhikode (EPGP) IIM Lucknow (IPMAX) XLRI Jamshedpur MDI Gurgaon IMT Ghaziabad IIFT Delhi FMS Deli ISB Hyderabad/Mohali Many other reputed B-School across the country also accept GMAT scores. Read more
Ans. Very few universities in Canada offer MBA without GMAT scores. They will consider other factors as eligibility criteria such as work experience for selection. York University’s Schulich of School of Business, McMaster University’s Degroote School of Business are some of the most reputed business schools in Canada that offer MBA without GMAT. Other than these, other universities offering MBA without GMAT are New York Institute of Technology, Thompson Rivers University, Lakehead University, Wilfrid Laurier University. You have the option to apply for executive MBAs without a GMAT score, too. Read more
Ans. IIM Shillong accepts GMAT scores of only for International students for the PGP flagship program The Executive PGP program For International students who are targeting the PGP flagship program, the cutoff is as follows Category SSC Percentage HSC percentage General 80 80 EWS 80 80 DA 50 50 ST 50 50 SC 55 55 So a good GMAT score for an International student is anything above 700. For the Executive program too, a GMAT score of 700+ is a good target. If your profile is average you can target a higher GMAT score. Read more
Ans. There are many business schools in India that require GMAT scores at the time of admission. Some of the top business schools with requiring GMAT scores in India are: Institute Name GMAT Score ISB, Hyderabad & Mohali 730 or higher S.P. Jain Institute of Management and Research, Mumbai 550 IIM Ahmedabad 711 School of Management, NMIMS Mumbai 600 IIM Bangalore 710 Great Lakes Institute of Management 600 IIM Calcutta 701 XLRI Jamshedpur 710 IIM Lucknow 680 IMT (All campuses) 720 IIM Indore 700 ICFAI Business School (Hyderabad & Mumbai) 700 IIM Kozhikode 700 A few other institutes include - MDI Gurgaon, FMS Delhi, Sunstone Business School Noida, ISB Indore, and more. Read more
Ans. I know this decision is a bit difficult to make. What you need to keep in mind is that these two colleges should not be compared to other great IIMs or even ISBs. Those B Schools are at another level and cannot be on par with Kashipur or Raipur. To facilitate a better decision, I will mention the circumstances of these B Schools then you can choose after considering all options. IIM Indore and IIM Kashipur: Both these colleges are not worth a year drop as they will help you earn only an extra 1.5-2 LPA. Moreover, in the coming years, Kashipur and Raipur will have almost the same brand value as that Indore and Kozhikode. IIM Ahmedabad, Calcutta, Lucknow and Bangalore: All these top IIMs are definitely worth a year's drop provided that you are confident enough to cope with the cutoff. All these IIMs consider your academics while selecting so if that is your reason for the year drop I don’t think it will help. There is no surety of admission even after a percentile of 100. ISB: This one is at a whole different level and is in the category of elite B Schools like UCB, NYU, HBS, etc. The top-notch faculty offers amazing pedagogy at relatively low fees. CAT is sufficient for IIMs. But if you want to go for ISB, a work experience of 4+ years and a GMAT are a must. Read more
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College
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