GMAT Exam Fees and Cost in India, US, UK, and Rest of the World

The Graduate Management Admission Test, or GMAT, is a crucial step for many individuals aspiring to pursue a graduate business degree. As you embark on your GMAT journey, one of the most pressing concerns is understanding the cost and fees associated with this examination. This comprehensive article will delve into the GMAT cost in various regions across the globe, providing you with essential insights into what you can expect to pay.

We will start by examining the GMAT fee and cost in India, the United States, the United Kingdom, Europe (both Eurozone and non-Eurozone countries), China, Africa, and Asia (excluding India and China). We’ll also explore GMAT costs in countries like Canada, Australia, and New Zealand. For those seeking financial assistance, we’ll discuss GMAT fee waivers and how you can qualify for one.

Furthermore, this article will guide you on how to effectively pay for your GMAT appointment, making the entire process smoother and more manageable. So, whether you’re a prospective MBA or business graduate student, a professional looking to advance your career, or simply curious about the GMAT costs worldwide, this comprehensive guide will equip you with the knowledge you need to plan your GMAT journey with confidence.

Let’s begin by exploring the GMAT fee and cost in India.

GMAT Fee and Cost in India

The GMAT fee in India is $275 if you take the test at a test center and $300 if you take the test at home. Considering the USD/INR exchange rate as USD 1 = INR 83, the GMAT fee in India would be INR 22,825 if you take the GMAT at a designated test center and INR 24,900 if taken at home.

Here are the other costs associated with taking the GMAT:

What is the GMAT cost in India?

The GMAT cost in India is the sum of the GMAT registration fees and other GMAT-related expenses.

Scenario:

You register for the at-home GMAT but due to unpreparedness or some other reason you want to reschedule your GMAT appointment. Let’s say you decide to reschedule 40 days before your scheduled appointment. In this case, you would have to pay the GMAT reschedule fee of $120. Now, you take the GMAT and you have applied to 10 business schools and want to send your GMAT score to all of these 10 business schools.

Since you only get 5 test reports for free, you would have to pay $35 each for the additional 5 score reports. Thus, you’d have to shell out $175.

In total, you would be spending the following amount for your GMAT attempt:

Therefore in this scenario, your total GMAT cost would be $595 or INR 48,790/-

GMAT Fee and Cost in the US

The GMAT fee in the US is $275 if you take the test at a test center and $300 if you take the test at home.

Here are the other costs associated with taking the GMAT:

What is the GMAT cost in the US?

Consider this scenario:

You registered for the test center GMAT and also ordered the ESR. You take the GMAT on your scheduled date but did not manage to achieve your target GMAT score. You register again and this time for at-home GMAT or GMAT Online. However, you reschedule your test 60 days before your new scheduled appointment. After rescheduling, you take the GMAT and score your target GMAT score. You want to send your GMAT score to 8 business schools and therefore, you have to buy 3 additional score reports. In this case, this is the total GMAT cost would be $740.

GMAT Fee and Cost in the UK

The GMAT fee in the UK is £250 if you take the test at a test center and £275 if you take the test at home.

Here are the other costs associated with taking the GMAT:

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GMAT Fee and Cost in Europe (Eurozone countries)

The GMAT fee in Europe (Eurozone) is €275 if you take the test at a test center and €300 if you take the test at home.

Here are the other costs associated with taking the GMAT:

GMAT Fee and Cost in Europe (Non-Eurozone countries)

The GMAT fee in Europe (Non-Eurozone) is US$285 if you take the test at a test center and US$310 if you take the test at home.

Here are the other costs associated with taking the GMAT:

GMAT Fee and Cost in China

Test takers do not have the option to take the GMAT at home in China. Therefore, the cost and fee is available only for the test center option.

GMAT Fee and Cost in Africa, and Asia (except India and China)

The GMAT fee is $250 if you take the test at a test center and $275 if you take the test at home.

Here are the other costs associated with taking the GMAT:

GMAT Fee and Cost in Canada, Australia, New Zealand

The GMAT fee in Canada, Australia, New Zealand is $275 if you take the test at a test center and $300 if you take the test at home.

Here are the other costs associated with taking the GMAT:

GMAT fee waiver

Even though GMAT fee waivers are provided by GMAC (the GMAT’s developer), applicants need not contact GMAC directly.

There are three ways to get the GMAT fee waived. Let’s look at what each choice is.

Option #1: You can apply through business programs.

Apply for a fee waiver for the GMAT through an MBA program you want to apply to. Each year, business schools can only get 10 GMAT fee waivers. So, if you want a chance at getting a GMAT fee waiver, you should apply as soon as possible. These fee waivers are quickly given out by business programs.

Option #2: Apply through the school where you went to college.

Some schools let former students and current students take the GMAT for free. So, if you’re still in school and on track to graduate in less than two years or have already graduated, you should talk to your financial aid office about GMAT fee waivers.

Option 3: Apply as a veteran or someone who is still in the military.

The military helps veterans and people still in the military who want to get a higher degree. If you’re in the military or have been in the military, you can get your GMAT registration fee reimbursed either directly through DANTES or through the GI Bill, in addition to the options listed above.

But keep in mind that the fee isn’t really waived. Instead, you get the fee back. The military will only pay for the fee to sign up for the test. You won’t get money back for things like travel costs, rescheduling fees, etc.

How to pay for your GMAT appointment?

You can pay for your GMAT exam appointment using a credit or debit card. However, there are a few things to keep in mind:

• GMAT accepts: VISA, Mastercard, American Express and Discover Network Cards.
• Charges on your credit card statement will most likely appear as “VUE*GRAD MGMT TEST” for exams delivered at a test center, or “DRI*EXAMITY LLC” for exams delivered online.
• If your credit or debit card is declined, your appointment will be automatically canceled. You are responsible for scheduling another test appointment with a valid payment.
• If you use a stolen or fraudulent credit or debit card, your registration will be canceled, any of your previous GMAT scores may be canceled, and Graduate Management Admission Council may notify both schools and law enforcement authorities.
• If you wrongfully challenge or dispute the fee with your credit card company, you may be blocked from taking further exams or from requesting additional score reports.

FAQs – GMAT Exam Fees