A 6 minute read

Most sources will tell you that GMAT cost is $250.  But, $250 is only the GMAT registration fee. GMAT cost will be more than just the GMAT registration fee of US $250 in 2019. There are many other costs associated with taking the GMAT successfully. Taking a cue from the Master Card Advertisement, let’s look at the cost of taking the GMAT.

  1. GMAT Registration Fee – US $250
  2. GMAT Preparation Cost – US $349 (e-GMAT’s ‘GMAT Online’ course)
  3. Rescheduling GMAT Fee (if, necessary) – US $60
  4. The look on your face after getting a 780 – Priceless!!

GMAT exam fee and cost 2019

In this article, we’ll understand, how to calculate the total cost to take the GMAT by explaining the following:

Factors on which GMAT cost depends

gmat fee gmat cost 2019 | GMAT test cost | cost of gmat exam

The total cost you incur will depend upon the GMAT journey you take. Hence, it will be different for different people. I am defining the GMAT journey from the time you register for the GMAT till the time you apply for admission in business schools. The only cost that I am not considering here is the application fee for business schools.

Below is a table which gives you information on different costs that you may incur during your GMAT preparation.

In the last leg of your GMAT Preparation? Read this article on GMAT journey in the last 25 days for actionable steps to improve your target score.

GMAT Cost Categories

GMAT Cost 

GMAT Registration Fee / GMAT exam Cost US $250
GMAT Preparation Course Fee US $349 for e-GMAT’s ‘GMAT Online course’
Details of other e-GMAT’s prep courses
Reschedule Exam Appointment

More than seven days before the appointment

US $60

Within seven days of appointment

US $250
Cancel Exam Appointment

More than seven days before the appointment

US $80 Refund

Within seven days of appointment

No Refund
Additional Score Report (first 5 reports are free) US $35 Each
Enhanced Score Report US $30
Score Cancellation US $25
(after you leave the testing center)
Score Reinstatement US $50
AWA Essay Rescoring US $45

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 1850 reviews (as on August 25, 2019).

Why don’t you take a free trial and judge for yourself?

GMAT cost – How to calculate the total cost of taking the GMAT

I have chosen 3 scenarios to explain, how to calculate the total cost of taking the GMAT. All scenarios will have some steps of the GMAT preparation cycle shown below

GMAT exam fees 2019

A typical GMAT preparation cycle would include the following steps –

  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 additional steps

Scenario 1 | How to calculate the GMAT cost | GMAT fee

GMAT exam cost 2019

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 fee
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 | How to calculate the GMAT cost | GMAT Fee

GMAT cost 2019

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 fee
GMAT Registration Fee US $250
GMAT Preparation Course Fee US $349
Reschedule Appointment US $60
Additional Score Reports – 5 Nos. US $175
TOTAL US $834

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 – How to calculate the GMAT cost | GMAT Fee

GMAt fees GMAT cost 2019

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.

GMAT fees 2019

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 $60
2nd GMAT Registration Fee US $250
Enhanced Score Report US $30
Additional Score Reports – 5 Nos. US $175
TOTAL US $1,114

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?

GMAT Fees in India

GMAT fees in India is also US $250 or INR 17,850 (based on today’s exchange rate), the same which is charged by GMAC in any other country. Moreover, the total cost of taking the GMAT would also be same for you if you live in India as explained in the above 3 scenarios i.e.,

  • GMAT cost Scenario 1 – US $734
  • GMAT cost Scenario 1 – US $834
  • GMAT cost Scenario 1 – US $1,114

How to avoid rescheduling and retaking the GMAT | Reduce GMAT 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?

gmat-fee-gmat-cost

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.

When it comes to applications, there are 3 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 5 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 fee 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.

Also learn about the application fee waivers given by business schools

How to pay your GMAT fee?

how to pay gmat fee

The most common form of payment is through 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.

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 1850 reviews (as on August 14, 2019).

Why don’t you take a free trial and judge for yourself?

Payal Tandon
Co-founder, e-GMAT
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I am Payal, Co-Founder of e-GMAT.
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