GMAT Exam Fees: Fee and cost Worldwide, Payment Methods and Fee Waiver
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Content Writer at Study Abroad Exams | Updated On - Jan 24, 2023
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.
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.
*The article might have information for the previous academic years, please refer the official website of the exam.
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TAPMI’s WAT includes questions that are mostly related to general knowledge and current affairs. WAT is basically how strong you are in written skills. Try reading current affairs topics from there only. It's all about how you tell them. Write clearly point to point and do not use jargon or bug words. They don't fetch any more points. Just make your point clear.
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Read the form that you filled out. That's the first thing they are going to ask. Be confident and do not try to beat around the bush. If you do not know something it's ok as long as you say it. But that being said, do not go completely blank.
Several factors affect the chance of a candidate getting a seat in ISB Hyderabad. Not only the GMAT score, but also the application profile, essays, and performance in the interview combined together decides whether a candidate should get a seat or not in such an elite institute. The points listed below are some important aspects to consider for admission to such institutes.
- There is no fixed cut-off for ISB Hyderabad, as declared by the institute. There are examples of people with a GMAT score of 720 not getting a seat from the interviews. On the other hand, there are candidates with a score of 700-710 but are successful in getting a seat in ISB Hyderabad.
- GMAT score is not the only criteria for getting a seat, but the door to get an interview call. The quality of essays written by the candidate, his/her application/ profile, and the performance in the interviews are also considered.
- For candidates with an average profile, a GMAT score of 720+, along with a complete application and a good essay can be considered to have high chances to receive an interview call. After having a call, the rest depends on how the candidate will perform in his/her interview.
This is the overall scenario for admission in ISB Hyderabad, for a student with an average profile.