Gmat exam fees | Instructions you need to learn

GMAT, also referred to as the Graduate Management Admission Test is a computer-adaptive entrance exam that is required for enrollment in business schools all around the world. The test will assess your analytical writing, critical analysis, and logical reasoning skills. This competitive exam draws numerous participants each year, including working professionals and students. Therefore, a perfect GMAT score of 800 or more is required if you want to be accepted into the best institutions. This post takes an in-depth look at the GMAT exam fees in India.

An overview of GMAT exam fees in India

The GMAT exam registration price is $250 for the majority of nations or INR 18500 in India. In contrast to this enrollment price, the GMAT has other additional expenses. Within 24 hours of the exam, candidates cannot change or cancel their GMAT registration. Students should carefully select and reserve the exam slot because of this. The fee has to be paid in US dollars. However, depending on the conversion rate at the time of registration, this number may change in INR. You can see an overview of the GMAT exam fees in the table below.

Fee category	Amount
GMAT registration fees	250 USD ( 20273.39 INR)
Enhanced score report	30 USD (2432.81 INR)
Fee for Score Cancellation After Leaving the Testing Facility	25 USD (2027.34 INR)
Additional report of scores	35 USD (2838.27 INR)
Rescoring For AWA Essay	45USD (3649.21 INR)
Rescheduling fees	60 days or more before the appointment: 50 USD (4054.68 INR)15 to 60 days before the appointment: 100 USD (8109.36 INR)Fewer than 14 days before the appointment: 150 USD (12164.03 INR)
Cancellation fees (refund money)	60 days or more before the appointment: 100 USD (8109.36 INR)15 to 60 days before the appointment: 75 USD (6082.02 INR)Fewer than 14 days before the appointment: 50 USD (4054.68 INR)

Remuneration waiver for GMAT exam

• The cost of going to business school is not something that everyone can afford. Students from low-income families might choose to forgo paying the GMAT fee to ease their financial burden.
• Anyone can apply for the GMAT fee waiver option. On the other hand, the applicants are unable to explicitly request this waiver. GMAC refers to the business schools in deciding whether to permit exam fee waivers for their students.
• GMAC (Graduate Management Admission Council) allows schools to select which applicants qualify for a fee waiver or discount. Schools may request a maximum of 10 fee waivers per year.
• GMAC allows organizations to select their standards for calculating a student’s financial needs. This suggests that anyone requesting a fee waiver must provide the institution with proof of their financial need.
• The candidate may apply for the GMAT fee waiver through their undergraduate institution or the MBA program they have applied for. Anyone interested in a fee waiver should check with their school’s financial aid office to see whether they provide one before applying through one of these channels.
• Not only will the school decide whether an applicant qualifies for a test fee waiver, but it will also decide how much of a fee waiver or reduction they qualify for. For this purpose, they must submit a financial necessity statement to the school that explains their financial situation and the reason they are unable to pay the GMAT exam fees.

What are the payment options for the GMAT exam?

The most popular method of payment for GMAT exam registration through the internet option is a credit or debit card. However, bear the following things in mind when thinking about purchasing the GMAT exam fee online.

• Visa, American Express, Credit card, and Discover Network Interface cards are all accepted by GMAC.
• Your appointment will be immediately cancelled if any of your cards are denied; you will then need to book another test slot with a valid payment.
• If you use a fake card, your registration will be revoked. Additionally, if you had any prior GMAT results, they might be annulled. GMAC will also let law enforcement and business schools know about this.

You may send a cashier’s check, money order, or personal check to pay the GMAT test fee if you have mailed a registration form (paper form). Keep the following in mind when purchasing the GMAT exam cost by check or money order:

• Payable to Pearson VUE-GMAT, the payment must be made in US dollars.
• The current date must be mentioned instead of the post date.
• Your signature should appear on the check.

Visit the GMAT’s official website for more information about the different payment methods.

Your entry into the business school of your choice is through the GMAT exam. You must do your due diligence in preparing for it. You must first be thoroughly familiar with the exam specifics to do this. Understanding the GMAT exam’s cost is the first step toward doing this. You will be paying a significant GMAT Exam price, so be sure the money you invest isn’t wasted.

Key takeaways

• The GMAT is a widely acknowledged test for applying to the business school of your choosing.
• The knowledge of the GMAT exam fee is essential for getting your GMAT preparation off to a strong start.
• It not only provides accurate information about the pricing structure but also directs you in terms of how much money you should budget for the GMAT exam.

FAQs

Question 1: What is the GMAT exam price in India?

Answer 1: In India, the GMAT costs $250, or about 20274 INR. However, the price could change depending on fluctuations in exchange rates (Rupee-Dollar Value).

Question 2: What does GMAT mean?

Answer 2: The Graduate Management Admission Test (GMAT) is a standard test that evaluates a variety of candidate talents.

Question 3: Can candidates have a preview of their results?Answer 3: Candidates will be able to check their exam results before choosing which schools to send their exam results to, but they will not be able to access their exam results after the exam.