The GMAT Exam is conducted to test international students aspiring to pursue graduate management education. Developed by the GMAC (Graduate Management Admission Council), the GMAT is a standardised test recognised globally by business schools worldwide. This test assesses your skills and competency for higher education in a business and management field. In this blog, we will thoroughly explore the entire GMAT exam fee structure, covering registration costs, cancellation and rescheduling fees, and any additional expenses you might incur.
From assessing analytical writing skills to quantitative reasoning and verbal proficiency, each section of the GMAT is designed to test your potential. One of the major aspects of appearing for this test is the GMAT exam fees. There are a lot of GMAT test costs involved while registering for the GMAT Exam as an international student.
Understanding GMAT Exam 2024-25
Up until January 2024, the GMAT exam was conducted in a different format. However, starting this year, the GMAC has discontinued the old format and introduced the new GMAT Focus Edition. It is designed to be flexible, efficient and detailed. Here are some of the major changes in the GMAT Focus Edition:
- The exam duration is 52 minutes shorter.
- The number of questions has been reduced from 80 to 64.
- There has been a sectional reduction in Integrated Reasoning and Essay Writing.
- A new section called Data Insights has been added.
The table below comprises an at-a-glance summary of the GMAT Focus Edition format:
| Section | Duration | Number of Questions | Type of Questions |
| Quantitative | 45 minutes | 21 | Problem-solving: Algebra and arithmetic-based |
| Verbal | 45 minutes | 23 | Reading comprehension, critical reasoning |
| Data Insights | 45 minutes | 20 | Data sufficiency, multi-source reasoning, table analysis, graphics interpretation, two-part analysis |
Although no eligibility criteria are set for the GMAT Exam, candidates applying to a master’s business course typically write this test. Also, remember to register only if your preferred university requires it since several institutions do not have GMAT as a necessary entry requirement.
Candidates must be at least 18 years old. Those between 13 and 17 years old must have a written consent letter from their parents or guardians. Additionally, no work experience is required.
GMAT Exam Cost In 2024
Let’s look at the GMAT Fees for international candidates registering in 2024. Because the GMAT cost could have various connotations, we explore this aspect of finances by breaking it down into different sections.
GMAT Fees in India For Registration
GMAT Exam Fees differ depending on whether you deliver it online or at a test centre. Moreover, the fees are set in USD. Thus, the amount in INR for Indian applicants may vary depending on the current conversion rate. Refer to the following table
GMAT Exam Fees For Cancelling Or Rescheduling
Sometimes, candidates must cancel or reschedule their tests because of unavoidable circumstances. Fortunately, the GMAT exam has a provision for both. However, you must pay an additional fee for the same. If you cancel too close to the exam, you incur higher costs. On the other hand, if you cancel with ample time before the exam, you can expect a significant refund. Look at the following table for a detailed explanation:
| GMAT Price for desired actions | Timeline | Delivered Online (in USD) | Delivered Online (in INR) | Delivered at a test centre (in USD) | Delivered at a test centre (in INR) |
| GMAT Exam Rescheduling | 60+ days before the test | USD 60 | INR 5,008 | USD 55 | INR 4,591 |
| 15 to 60 days before the test date | USD 120 | INR 10,017 | USD 110 | INR 9,182 | |
| Less than 15 days before the test date | USD 180 | INR 6,678 | USD 165 | INR 13,774 | |
| GMAT Exam Cancelling | 60+ days before the test | USD 120 refund | INR 10,017 | USD 110 refund | INR 9,182 |
| 15 to 60 days before the test date | USD 90 refund | INR 7,513 | USD 80 refund | INR 6,678 | |
| Less than 15 days before the test date | USD 60 refund | INR 5,008 | USD 55 refund | INR 4,591 |
GMAT Exam Fees: Additional Costs
Whether it is asking for a report or getting an enhanced scorecard, you might be required to incur several other costs when looking at the GMAT Exam fees. Consider the following table that elaborates on these additional costs:
| Action | Delivered Online (in USD) | Delivered Online (in INR) | Delivered at a test centre (in USD) | Delivered at a test centre (in INR) |
| Enhanced Score Report to be purchased at registration | Not available | Not available | USD 30 | INR 2,504 |
| Additional Score Report | USD 35 each | INR 2,921 | USD 35 each | INR 2,921 |
| Reinstate score | Not available | Not available | USD 50 | INR 4,173 |
| AWA Essay Rescoring | USD 45 | INR 3,756 | USD 45 | INR 3,756 |
GMAT Exam Fees In India: Accepted Modes Of Payment
Another aspect to keep in mind is the available modes of payment. You can avail of various options and convenient payment methods to pay the GMAT Exam fees. You can pay using a Visa, Mastercard, American Express, and Discover Network Card. Remember that the appointment will be cancelled automatically if your card declines. If you try to pay the fees incorrectly, you may be banned from taking the GMAT or applying for more scorecards.
How To Register For The GMAT?
You might be wondering how to register for the GMAT exam. Let’s look at the registration process for the GMAT. It’s a simple process that candidates can complete online. Here’s how:
- Visit the official GMAT website at MBA.com and click on “Register” to create your account.
- Explore your options and determine whether you wish to take the exam online or at a test centre.
- Enter your details, like name, contact information, and educational background.
- Choose your preferred GMAT exam dates and time from the available options.
- Pay the registration GMAT exam cost using a credit or debit card.
- Once registered, you’ll receive confirmation details and access to study resources on MBA.com.
- Prepare for your exam!
Conclusion
In conclusion, the GMAT exam fee is $275 globally, with additional costs for rescheduling ($55 to $150) and canceling ($55). Fees may vary by country and additional services like score report requests or online proctoring. Understanding these costs helps candidates budget effectively for their GMAT journey.
FAQs
Q1. What are the GMAT fees in India?
Ans: The GMAT exam fee in India is $275, equivalent to approximately ₹22,000 to ₹23,000, depending on the exchange rate. Additional fees apply for rescheduling (₹4,500 to ₹12,000) or canceling (₹4,500). Candidates can also pay extra for additional score reports or services.
Q2. What is the GMAT reschedule fee?
Ans: The fee is $55 (₹9,000) if 15–60 days prior, and $150 (~₹12,000) if within 15 days.
Q3. What is the GMAT cancellation fee?
Ans: Canceling 60+ days before refunds $150 (₹8,000), and less than 15 days refunds $50 (~₹4,000).
Q4. Why is the GMAT fee so high?
Ans: The fee covers test development, maintenance, security, and global administration to ensure fairness and reliability.
Thank you for reading our guide to GMAT Exam Fees! Let us know your doubts or queries in the comments section below! If you found this blog helpful, find some others on our website:
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