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GMAT Exam Fees 2024: Registration, Fee Structure, Booking, Payment Modes & More

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Yocket Editorial Team
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The GMAT, a highly regarded computer-adaptive entrance test, is crucial for aspiring business school students worldwide. This 3-hour, 7-minute exam comprises four sections: Integrated Reasoning, Quantitative Reasoning, Analytical Writing Assessment, and Verbal Reasoning. While the base GMAT registration fee for a test center is $275 or INR 22,996, please note that the exact INR amount may fluctuate based on the exchange rate at registration.

However, the total cost of taking the GMAT goes beyond the registration fee. Rescheduling and canceling the exam incur additional charges, which can vary. So, if you're planning to take the GMAT, remember to factor in these potential additional costs beyond the base registration fee.

This article provides a comprehensive overview of all the costs associated with the GMAT, helping you make informed decisions and budget accordingly.

Table of Contents

Overview of the GMAT

The GMAT, known for its comprehensive nature and diverse question types drawn from various fields, can be a challenging test for many aspiring business school students. To understand this effectively, here are some crucial points to consider before you start your GMAT journey:

  • Target score: For international students, understanding the GMAT’s scoring range (200–800) is crucial before diving into research. Aim for a score that aligns with your target school’s requirements.
  • Focus on core skills: The GMAT doesn’t assess communication, social, leadership, or teamwork skills. It primarily focuses on analytical, writing, quantitative, and verbal reasoning in English.
  • Schedule wisely: Plan your attempts strategically. You can take the GMAT up to 5 times per year, with a lifetime limit of 8 attempts.
  • Global reach: The GMAT opens doors to opportunities across the globe. Over 7,700 programs at 2,400 universities in 114 countries accept GMAT scores, with testing available in over 600 centers worldwide.
  • Fairness and inclusivity: International experts curate the test questions, incorporating multicultural examples to minimize bias towards English speakers or US-centric perspectives.

Feed Booking

Attention!

Did you know that the familiar GMAT Exam is being replaced by the GMAT Focus Edition on January 31, 2024?

The GMAT Focus Edition is a condensed and streamlined version of the official GMAT guide, designed to help test-takers maximize their score in a shorter study time. It prioritizes key concepts and high-yield practice questions, making it ideal for busy professionals or those seeking a more targeted review.

Suggested: Study Plan for GMAT Preparation

How to Register for the GMAT?

Registering for the GMAT is a straightforward process, and you have two options for taking the exam: online or at a test center. Here’s a step-by-step guide for registering for the GMAT:

Step 1: Create an account on MBA.com. This is the official website for the GMAT, and it’s required for scheduling and managing your exam. Simply click “Register” and follow the prompts to create your account.

Step 2: Decide whether you’d prefer to take the GMAT online or at a test center.

Step 3: Provide basic information like your name, contact details, and educational background.

Step 4: Select your desired date and time from the available options.

Step 5: Pay the registration fee. The standard fee for the GMAT at a center is $275 or INR 22,996, and for the online GMAT, it’s $300 or INR 25,086 The payment can be made using credit or debit cards.

Step 6: Once you’ve registered, you’ll receive confirmation details and access to study resources on MBA.com. Utilize this time to prepare effectively for your exam.

What is the GMAT Exam Fee in India?

The GMAT exam fee in India for examination at test center is $275 or INR 22,996 and $300 or INR 25,086 for an online test. Here's the breakdown of the addtional fees & cost assocaited with GMAT exam:

Service Fees

Test Center

Online

GMAT Exam Fees

$275

$300

Enhanced Score Report (purchased at the time of registration)

$30

Not Available

Additional Score Report

$35 each

$35 each

Cancel score (via mba.com My Account page after the exam)

$25

Not Applicable

Reinstate score

$50

Not Applicable

AWA Essay Rescoring

$45

$45

Rescheduling fees for more than 60 days before the appointment

$55

$60

Rescheduling fees for 15–60 days before the appointment

$110

$120

Rescheduling fees for 14 days or less before the appointment

$165

$180

Cancellation fees for more than 60 days before the appointment

$110 refund

$120 Refund

Cancellation fees for 15–60 days before the appointment

$80 refund

$90 Refund

Cancellation fees for 14 days or less before the appointment

$55 refund

$60 Refund

Note: Effective 31st March 2023, as per government budget guidelines, 18% GST will be additionally applicable.

Suggested: Everything About the Online GMAT

What are the Accepted Modes of Payment?

While GMAC accepts convenient payments from VISA, Mastercard, American Express, and Discover Network cards, please be aware that your appointment will be automatically canceled if your chosen card’s payment is declined. In such cases, you’ll need to reschedule your test with a valid payment method.

For those who prefer alternative methods, cash, money orders, and cheques are also accepted. However, please ensure the following:

  • Your payment is payable to Pearson VUE-GMAT in US dollars, drawn on a US bank, and covers the full amount, including any applicable taxes.
  • The cheque includes the current date, your signature, and the pre-printed bank name and location.
  • Your payment is drafted at least 10 days before your test date to allow for processing.

Suggested: GMAT Exam Dates 2024 and Test Centres in India

From the Desk of Yocket

The GMAT, your gateway to global MBA programs requires not just strategic planning but also financial awareness. While the base registration fee may seem straightforward, additional costs for rescheduling, score reports, and even the new GMAT Focus Edition await. This post has equipped you with a comprehensive breakdown of all GMAT-related expenses, empowering you to budget wisely and navigate your journey with confidence.

But don’t go it alone! Consider Yocket Premium, your expert GMAT sherpa. Our expert guidance from experienced counselors, coupled with our impressive 15k+ successful admits, can be the ultimate game-changer. So, prepare yourself with knowledge, strategize your approach, and ace the GMAT with financial and academic preparation. The doors to prestigious business schools worldwide await—are you ready to kick them open?

Frequently Asked Questions about GMAT Exam Fees 2024 in India

What if I am unable to attempt the GMAT exam?

Will I be charged extra if I cancel my GMAT exam via phone?

Is the cost of attempting the GMAT online or from the test center different?

What is the GMAT registration fee?

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