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GMAT Exam Fees: Fee and cost Worldwide, Payment Methods and Fee Waiver

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Rituparna Nath

Content Writer at Study Abroad Exams

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
GMAT Fee and Cost in the US

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, which will be updated soon subject to the notification issued by the University/College.

GMAT 2023 : 27 answered questions

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Ques. MBA Preparation: What GMAT score can be considered good for applying to ISB Hyderabad with an average academic profile?

● Top Answer By Uday Pawar on 30 Jan 23

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

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Ques. What is the percentile required to get into ISB Hyderabad?

● Top Answer By Akanksha Sharma on 30 Jan 23

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

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Ques. Is it worth spending 30k to join GMAT coaching at Crack ISB Hyderabad?

● Top Answer By Yash Bhati on 30 Jan 23

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

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Ques. Why do students go for CAT, XAT, SNAP etc when almost all the B-Schools in India accept GMAT scores for the full time MBA?

● Top Answer By Nia Malhotra on 17 May 21

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

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Ques. Does ISB Hyderabad need work experience apart from the GMAT score?

● Top Answer By Bejoy John on 30 Jan 23

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

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