Study MBA Being one of the most challenging tests, GMAT assesses an applicant’s quantitative, verbal, analytical writing and reading skills in written English language for seeking admission to a graduate management program, like an MBA in a top-tier B-School. Management aspirants who wish to take the GMAT exam need to shell out US$250 as the exam registration fee. GMAC(Graduate Management Admission Council), the managing body of GMAT follow a fixed exam fee structure across the globe.
In India, the GMAT exam fees cost around INR 17,500(approx). However, the GMAC provides financial assistance to students in the form of fee waivers. Students who are unable to afford the huge cost of the GMAT exam fees due to their financial hardships can benefit from GMAT fee waivers. But again, there are certain candidates who take the test twice to enhance their current scores. Candidates are allowed to select their score recipients and send across their respective score for free to all the selected B-Schools. Just in case, they wish to send the score to an additional school, they need to pay US$25 extra. Besides, to clear the GMAT exam with flying colors in the first attempt, candidates can also enroll for 2-3 months of coaching from a training center or opt for complete mentorship from some GMAT gurus which might cost them a roughly US$300-400 from a renowned institute which is inclusive of study materials and counseling from GMAT experts.
For applicants who wish to reschedule the test or modify their examination center, they will be charged $50 extra within 7 days of the original GMAT exam date. On successful conclusion of the test, candidates can access 5 score reports for sending to the score recipients and they can also opt for an additional report if they opt to pay extra US$28 for each score report.
Below are the different modes to pay for the GMAT exam fees:
- Personal cheque
- Cashier’s cheque
- Debit card (Visa or MasterCard only)
- Credit card (Visa®, MasterCard®, American Express®, or JCB®)
- Money order
Do you need any professional guidance to score well in the GMAT exam? You can enroll with BYJU’S and talk to our GMAT trainers directly for thorough guidance. You can subscribe to BYJU’S GMAT YouTube channel and check out the solution link given below: