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GMAT exam fee and cost in India, US, UK, Europe, Rest of the World (2021)

GMAT exam fee is $250. However, it differs for a few countries. Also, the GMAT cost will be more than just the GMAT exam fee. Why? Because the GMAT registration fee is more than $250 in a lot of countries, and other services like rescheduling, cancellation, ESR, additional score reports cost extra.

For example, the GMAT fee in India is $250 or INR 18,300 and GMAT fee in the US is $275. The GMAT fee is $285 in a few European countries and in other European countries the cost is charged in either Euros or Pounds.

Also, GMAC is giving the option to take the at-home version of the GMAT called the GMAT Online, which costs $250 everywhere.

To know more about how much the GMAT costs in your location continue reading this article.

You can also watch this video where we answer some important questions related to the GMAT including the GMAT fees and cost:

  

 

Here is the outline of the article:

Different costs associated with the GMAT

There are many costs associated with the GMAT apart from the registration fee and they all add up to give you the total cost of taking the GMAT. Here are those costs:

  • Registration fee
  • Reschedule fee
  • Cancellation fee
  • Additional score reports
  • Score cancellation after leaving the test center
  • Score reinstatement
  • AWA essay rescoring
  • Preparation cost

However, these costs differ from country to country and we’ll state those costs in the next section.

Cost oof GMAT across the world

GMAT exam fee and cost across the world

As mentioned above, the cost of taking the GMAT differs among countries and therefore, in this section, we have categorized them in different groups.

GMAT fee and cost in India

You’ll have to pay in USD to register for the GMAT in India. The registration fee is $250, which translates to approximately INR 18,300 based on the current exchange rate. Here are the costs of different GMAT products and services you’ll incur while taking the GMAT in India:

GMAT Registration fee in India

 US$250

Enhanced Score Report 

 US$30

Additional Score Report 

 US$35 each

Cancel score (online after you leave the test center)  

 US$25

Reinstate score 

 US$50

AWA Essay Rescoring 

 US$45

Reschedule Fees

 

More than 60 days before appointment

US$50

15-60 days before appointment

US$100

14 days and less before appointment

US$150

Cancellation Fees

 

More than 60 days before appointment

US$100 refund

15-60 days before appointment

US$75 refund

14 days and less before appointment

US$50 refund

GMAT fee and cost in the US

The cost of taking the GMAT in the US is similar to India’s except for the registration fee which is $275 in the US. Here are the costs of different GMAT products and services you’ll incur while taking the GMAT in the US:

GMAT Registration fee

 US$275

Enhanced Score Report 

 US$30

Additional Score Report 

 US$35 each

Cancel score (online after you leave the test center)  

 US$25

Reinstate score 

 US$50

AWA Essay Rescoring 

 US$45

Reschedule Fees

 

More than 60 days before appointment

US$50

15-60 days before appointment

US$100

14 days and less before appointment

US$150

Cancellation Fees

 

More than 60 days before appointment

US$100 refund

15-60 days before appointment

US$75 refund

14 days and less before appointment

US$50 refund

GMAT fee and cost in the UK

To take the GMAT in the UK, you’ll have to pay a few costs in GBP and others in USD. For example, the GMAT registration fee in the UK is £225, but if you want to buy additional score reports you’ll have to pay $35 for each report. The below table highlights those costs:

GMAT Registration

 £225 

Enhanced Score Report (purchased at the time of registration)

 £24 

Reschedule Fees

 

More than 60 days before appointment

 £45

15-60 days before appointment

 £85 

14 days or less before appointment

 £125

Cancellation Fees

 

More than 60 days before appointment

 £85 refund

15-60 days before appointment 

 £70 refund

 14 days or less before appointment

 £45 refund

Additional Score Report

 US$35 each

Cancel score (online after you leave the test center) 

 US$25

Reinstate score 

 US$50

AWA Essay Rescoring 

 US$45

GMAT fee and cost in Eurozone countries

If you’re someone in a Eurozone country, you’ll have to pay a few costs in Euros and a few others in USD. For example, the GMAT registration fee in a eurozone country is  €250, but if you want to buy additional score reports you’ll have to pay $35 for each report. The below table highlights those costs:

GMAT Exam Fees

Fees

GMAT Exam Registration

 €250

Enhanced Score Report (purchased at time of registration)

 €26

Reschedule Fees

 

More than 60 days before appointment

 €50

15-60 days before appointment

 €100 

14 days or less before appointment

 €150

Cancellation Fees

 

More than 60 days before appointment

 €100 refund

15-60 days before appointment 

 €75 refund

14 days or less before appointment

 €50 refund

Additional Score Report 

 US$35 each

Cancel score (online after you leave the test center)  

 US$25

Reinstate score 

 US$50

AWA Essay Rescoring 

 US$45

GMAT fee and cost in Non-Eurozone countries

If you’re someone in a Non-Eurozone country, you’ll have to pay in USD, but your cost structure would be a little higher. However, a few East European countries do not fall into this category. Here are the different costs associated with taking the GMAT in non-Eurozone countries:

GMAT Product or Service Fees

Cost

GMAT Exam

 US$285

Enhanced Score Report 

 US$30 

Additional Score Report 

 US$35 each

Cancel score (online after you leave the test center)  

 US$25

Reinstate score 

 US$50

AWA Essay Rescoring 

 US$45

Reschedule Fees

 

More than 60 days before appointment

 US$55

15-60 days before appointment

 US$115 

14 days and less before appointment

 US$170

Cancellation Fees

 

More than 60 days before appointment

 US$115 refund

15-60 days before appointment

 US$85 refund

14 days and less before appointment

 US$55 refund

GMAC has changed its reschedule fee policy. Here are complete details

If you are planning to take the GMAT, we can help you with a personalized study plan and give you access to quality online content to prepare. Why don’t you take a free trial and judge for yourself?

How to calculate the total cost of taking the GMAT

I have chosen three scenarios to explain how to calculate the total cost of taking the GMAT. All situations will have some steps of the GMAT preparation cycle shown below

gmat-preparation-cycle-cost

A typical GMAT preparation cycle would include the following steps and associated costs –

  1. GMAT Registration Fee
  2. GMAT Preparation Course fee
  3. Rescheduling the test (if, required)
  4. Taking the GMAT
  5. Cost of Retaking the GMAT (if, required)
  6. Requesting additional score reports
  7. Applying to Business Schools

This cycle is not exhaustive and can include other steps

Scenario 1: You score well on your first attempt

gmat-exam-fees-2020-preparation-cycle-1

In this scenario, a student registers for the GMAT, prepares for it, does not reschedules the test, aces the GMAT in the first attempt, and applies to 10 chosen business schools. In this case, he/she will incur the following cost:

GMAT Cost categories GMAT fees
GMAT Registration Fee US $250
GMAT Preparation Course Fee US $349
Additional Score Reports – 5 Nos. US $175
TOTAL US $774

It is possible to score high in your first GMAT attempt. Take a look at a few success stories of first time GMAT Takers.

Scenario 2: You reschedule the test but take it only once

GMAT-cost-fees-preparation-cycle-2

In this scenario, a student registers for the GMAT, prepares for it, reschedules the test, aces the GMAT in the first attempt, and applies to 10 chosen business schools. In this case, he/she will incur the following GMAT cost:

GMAT Cost Categories GMAT fees
GMAT Registration Fee US $250
GMAT Preparation Course Fee US $349
Reschedule Appointment US $50, 100, 150
Additional Score Reports – 5 Nos. US $175
TOTAL US $824 – US $924

Even taking the GMAT has its cost. But what value do you get from the GMAT score? Know more about the importance of GMAT

Scenario 3.1: Reschedules and Retakes the GMAT

gmat-fees-preparation-cycle-3

In this scenario, a student registers for the GMAT, prepares for it, reschedules the test, takes the GMAT, but does not reach his/ her target score. Therefore, retakes the test.

Scenario 3.2: Retakes the GMAT

gmat-fees-preparation-cycle-3.1

For the retake, the student registers for the GMAT again but not necessarily incurs additional cost for the GMAT preparation.

Here is a 5-step strategy for a successful GMAT retake.

To assess the last GMAT attempt, he/she buys the Enhanced Score Report (ESR) and, in the second attempt, aces the GMAT and applies to 10 chosen business schools. In this case, he/she will incur the following GMAT cost:

GMAT Cost Categories GMAT fees
GMAT Registration Fee US $250
GMAT Preparation Course Fee US $349
Reschedule Appointment US $50, 100, 150
2nd GMAT Registration Fee US $250
Enhanced Score Report US $30
Additional Score Reports – 5 Nos. US $175
TOTAL US $1,104 – $1,204

The GMAT cost difference between Scenario 3 and Scenario 2 is US $280, which is roughly equal to INR 19,500.

Three questions pop up at this time, which would help you reduce your GMAT preparation cost.

  1. How to avoid rescheduling and retaking the test?
  2. How many business schools should I apply to?
  3. Are there any GMAT fee waivers?

How to avoid reduce the cost?

To avoid rescheduling and retaking the GMAT, what you need is a rock-solid plan, a plan that is personalized and created, taking into account your daily schedule. At e-GMAT, we are known for providing personalized study plans which not only help you schedule your test better but also help you ace the GMAT in your first attempt.

You can also register for our free Strategy Webinar, which will help you plan effectively for the GMAT. The first step of any successful GMAT strategy is making a study plan.

Take a look at our article series on Study plans

How many business schools should I apply with GMAT?

It depends on your GMAT score. First, take a look at your target business school’s average GMAT score of the last incoming batch. If your score is 20+ points above it, you should definitely target those schools.

GMAT-fees-how-many-b-schools-should-i-apply-to

When it comes to applications, there are three categories of Business Schools

  1. Reasonable ones (Your profile and GMAT score are a good fit)
  2. Optimistic ones (You are pushing your luck here, but there is a small chance of admission)
  3. Safety nets (You are almost sure of an admit)

Try applying to 2-3 schools of each category during application rounds. In calculating the cost of taking a GMAT, I have assumed you are applying to 10 business schools. GMAT sends five score reports for free. For every additional report, it charges US $35 each.

Read more to know how to get into a top business school and how to get into Harvard Business School.

GMAT fees Waivers

GMAC does not offer fee waivers directly to students. Only the schools can distribute fee waivers, which are limited to 10 within a year for economically disadvantaged test takers. The definition of ‘economically disadvantaged’ is as per the criteria set by individual schools. Here is a detailed article on GMAT fee waivers and how to get them.

Also learn about the application fee waivers given by business schools

Paying for your GMAT

How-to-pay-GMAT-fees

The most common form of payment is through a credit card or Debit Card if you have registered online. If you have mailed a physical form, then you can also pay by Cashier’s check, Money order or Personal check. Payments by check should be payable in US $ and drawn on banks located in the United States.

Are you planning to take the GMAT?

Now that you have understood that the GMAT fee of US $250 is only a portion of the total GMAT cost, the next step is to prepare for the GMAT.

If you are planning to take the GMAT, we can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1950 reviews. Why don’t you take a free trial and judge for yourself?

GMAT FAQs

How much does the GMAT Cost?

Taking the GMAT will cost you anywhere between $750 and $1,250. This cost includes the GMAT registration fees of $250.

What is the difference between GMAT and GRE?

The difference between GMAT and GRE is simple. if you want to do an MBA, take the GMAT and if you’re still confused about which master’s degree you want to earn, take the GRE. Both the tests differ on 6 factors:
1. Test Fees
2. Number of business schools accepting them
3. Test duration
4. Test design
5. Test structure
6. Scoring system
Check out this article to know in detail.

What is the difference between CAT and GMAT?

The basic difference between GMAT and CAT is that while CAT is a national level entrance exam, GMAT is a global exam accepted by over 2000+ business schools & 7000 graduate management programs worldwide.

How many sections in GMAT?

There are 4 sections in GMAT:
1. Quant
2. Verbal
3. Analytical Writing Assessment
4. Integrated Reasoning

What is the GMAT cost in India?

GMAT registration fee is the same across the world i.e., $250 which is approx equal to INR 19,000 based on the exchange rate of 1 USD = 76 INR.

Is GMAT a computer adaptive test?

Yes, GMAT is a computer adaptive test. It adapts to the test taker’s ability level determined by the correct responses in previous questions.

What does GMAT score and percentile mean?

The GMAT score is in the range of 200 to 800 and each GMAT score translates to GMAT percentile figure. The same is the case with GMAT scores of Quant, Verbal, IR, and AWA sections. For all these sub-sections your score will translate into a percentile. A score of 760 to 800 is 99 percentile and a score of 750 is 98 percentile. To know more, check out this article.

How should I register for the GMAT?

To register for the GMAT, log on to mba.com and follow this 7-step process.

Can I retake the GMAT?

Yes, definitely you can retake the GMAT. However, you have to wait for 16 calendar days. You can take the GMAT at most 5 times in a year and 8 times in a lifetime.

What is the duration of the GMAT?

The duration of GMAT is 3 hours and 7 minutes.

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