GMAT Examination Fees
The GMAT is an important pathway to pursue a management degree in one of the top business schools, globally. So, if you are planning to take the GMAT it is essential for you to know everything about the exam and one of the most important things is to know about the exam fees.
The exam fee in India and US is $275, but this is not the only cost you will incur as there are other services such as cancellation, rescheduling, ESR, and additional score reports that are chargeable. In fact, the exam fee is not constant everywhere, it varies based on your location also.
For instance, the GMAT exam fee in India is approximately INR 20,000, whereas in UK it is approximately £225 and in a few European Countries, it is $285.
Through the course of this article, you will learn how much the exam actually costs including every service.
The GMAT Exam Fees in India
The exam registration fees in India is approximately INR 20,000. However there are other costs that are associated apart from the registration fees. Below is the breakup of the total cost that you might have to incur.
|Fee Category||Fee Amount|
|GMAT Registration Fee||INR 20,000|
|Enhanced Score Report||INR 2,000|
|Score Cancellation Fee||INR 2,000|
|Additional Score Report||INR 3,000|
|Rescoring For AWA Essay||INR 3,000|
|Rescheduling Fee||INR 4,000 (60 Days Before the Appointment)— INR 8,000 (15-60 Days Before the Appointment)— INR 11,000 (14 Days Before the Appointment)|
|Cancellation Fee||INR 8,000 Refund (60 Days Before the Appointment)—INR 6,000 Refund (15-60 Days Before the Appointment)—INR 4,000 Refund (14 Days Before the Appointment)|
*Depending on the exchange rate at the time of registration, figures might vary
Five Score Reports
When you apply to any Business school, it will not accept your self-reported GMAT score. You must request GMAC to send your GMAT score report. If you are taking the test at the test center, you can choose up to 5 programs to which your scores will be sent. These 5 score reports are included in the USD 275 GMAT exam fee. If you want to send additional score reports later, you can order them at a charge of US $35 per report.
Fee to Reschedule or Cancel the Examination
The fee for rescheduling or canceling the exam is same for both GMAT Online and GMAT test at the centers.
If you have registered for the GMAT but feel that you will not be able to take the exam on a given date, you can reschedule or cancel your GMAT exam for a fee. The fee for reschedule depends on the number of days left from the date of scheduled appointment. It varies from US$ 50 to US$ 150.
In case you decide to cancel a scheduled exam, you will get a refund. It, also, depends on the number of days left from the date of the scheduled exam appointment. It ranges from US$ 50 to US$ 100.
Remember that your appointment cannot be rescheduled or cancelled within 24 hours of the scheduled appointment time. If you do not reschedule or cancel your exam more than 24 hours before the scheduled appointment time, the entire exam fee will be forfeited.
The fee to Cancel or Reinstate a Score
On the day of the GMAT test, as soon as you complete the test, you will see your score and will have 2 minutes to decide whether to keep the score or cancel it. If you cancel at that time, you can reinstate your score within 4 years and 11 months at a cost of US$ 50. If you do not make a choice within 2 minutes, your scores are automatically canceled. If you accept the GMAT score at the center, you can cancel it within 72 hours at a cost of US$ 25.
You will be able to see the Unofficial GMAT scores immediately after taking the GMAT Online, but the option of canceling the scores will not be available.
Fee for Additional score report and Enhanced Score Reports
After the GMAT exam at the test center, you can order additional score reports at a cost of US$ 35 per report. For US$ 30, you can order the Enhanced Score Report. This enhanced score report provides a detailed analysis of your performance and can help you understand your accuracy in different question categories, strong and weak areas, and pacing. The option of ESR is not available if you take the GMAT Online.
The recommended method for booking a GMAT appointment is online registration. You can pay by Credit Card (Visa, MasterCard, American Express, or JCB) or Debit card (Visa or MasterCard only) that allows international transactions. However there are few points that you should keep in mind:
Your appointment will be cancelled automatically in case, any of your cards are declined, and you will be required to book other slot with a valid payment mode.
If you use any fraudulent cards, your registration will be cancelled and in fact your previous GMAT scores may get cancelled, if any. GMAC will inform the authorities at b-school about the same.