GMAT Exam Fees: Rescheduling, Cancellation, Fee Waiver, and Payment Methods
Content Curator | Updated On - Jan 23, 2024
GMAT exam fees for the test center in India is USD 275. For taking the GMAT online, candidates have to pay USD 300. The payment process for GMAT registration is simple and there are multiple options available. Registration fees differ by location, including local taxes, and regulations. To reschedule or cancel the exam, candidates have to pay a GMAT exam price. GMAT test fee for rescheduling and cancellation of the exam varies on the timeline.
The GMAT fees does not include taxes as it will be added separately depending on your location. Effective 31st March 2023, as per Indian government budget guidelines, 18% GST will additionally applicable. You can pay the GMAT fees via VISA, Mastercard, American Express and Discover Network Cards.
You will also be able to reschedule, cancel or get an additional score report. All these services provided by GMAT will incur extra GMAT exam fees. These are not included in the GMAT registration fee. Financially weak background candidates can apply for GMAT fee waiver.
GMAT Exam Fees
The GMAT exam fees vary as per country due to tax regulations. The GMAT fees for India for both GMAT test center and online are provided below. We have also included other fees like cancellation, additional report and so on.
| Service Fees | GMAT Exam | |
|---|---|---|
| Delivered to a test center | Delivered Online | |
| GMAT Exam | USD 275 | USD 300 |
| Enhanced Score Report (purchased at the time of registration) | USD 30 | Not Available |
| Additional GMAT Score Report | USD 35 each | USD 35 each |
| Cancel score (via mba.com My Account page after the exam) | USD 25 | Not Applicable |
| Reinstate score | USD 50 | Not Applicable |
| GMAT AWA Essay Rescoring | USD 45 | USD 45 |
GMAT Reschedule Fees
GMAT rescheduling fees differ by the timeline candidates are applying. The last timeline for rescheduling their GMAT exam dates and GMAT test centers is 1–14 days before the test.
| Rescheduling Timeline | Delivered to a Test Center | Delivered Online |
|---|---|---|
| More than 60 days before the appointment | USD 55 | USD 60 |
| 15–60 days before appointment | USD 110 | USD 120 |
| 14 days or less before the appointment | USD 165 | USD 180 |
GMAT Cancellation Fees
To cancel the GMAT exam dates, candidates have to pay GMAT form fees. GMAT cancellation fees differ by the timeline. Candidates canceling their exam at a test center between 1–14 days have to pay INR 18,317 ($220). Candidates will get the refund of GMAT exam fees after completing the cancellation process.
| Cancellation Timeline | Refund Amount for Delivered to a Test Center | Refund Amount for Delivered Online Test |
|---|---|---|
| More than 60 days before the appointment | USD 110 | USD 120 |
| 15–60 days before appointment | USD 80 | USD 90 |
| 14 days or less before the appointment | USD 55 | USD 60 |
GMAT Exam Fees Payment Methods
GMAT exam fees can be paid by the candidates through credit cards or debit cards, allowing international transactions. Candidates are required to consider the below-mentioned criteria while paying with a credit or debit card for the GMAT exam pattern fees:
GMAT Exam Fees Payment through Card
- GMAT application fee payment through VISA, Mastercard, American Express, and Discover Network Cards.
- Charges on the credit card statement will appear as “VUE*GRAD MGMT TEST” for exams delivered at a test center and "DRI*EXAMITY LLC" for exams delivered online.
- Candidates’ appointments will be canceled automatically if the credit or debit card is declined.
- Candidates will be required to reschedule for another appointment with a valid GMAT fees payment.
- Candidates are not supposed to use any stolen or fraudulent credit or debit cards for payment of fees, and GMAT registration fee will be canceled in this respect.
- If the candidate faces challenges with GMAT prices with a card, then GMAC (Graduate Management Admission Council) can block the candidate from taking further exams.
GMAT Exam Fees Payment through Check or Money Orders
- Candidates must pay GMAT form fees to Pearson VUE GMAT in US Dollars.
- Candidates need to use the current date.
- The signature must be appropriate.
- The check should contain pre-printed the bank name and its location.
- GMAT application fees must be paid to Pearson VUE at least 10 days before the GMAT exam date.
GMAT Fee Waiver
Financially weak background candidates can apply for GMAT fee waiver while preparing for GMAT syllabus. GMAC offers 10 GMAT fee waivers for free in top business schools. Candidates are required to write a letter about their financial crisis to reduce GMAT exam costs. After applying, candidates will receive GMAT exam fees waiver codes in their mail. Candidates have to use the fee waiver code during the registration process to cut the GMAT cost of exam.
GMAT exam fees vary on the candidate's location. Candidates can check the mentioned GMAT exam price, GMAT rescheduling charges, and cancellation fees. Candidates are advised to read the GMAT reschedule policy on the official website before rescheduling.
FAQs
Ques - How much does it cost to get a GMAT?
Ans - GMAT registration fees in India cost INR 22,896 ($275) for the paper-based and 24,978 INR ($300) for the Online exam.
Ques - Why is GMAT fee so high?
Ans - GMAT exam fees are INR 22,896 ($275) for the test center and INR 24,978 ($300) for the online exam. The other services like cancellation, rescheduling, and additional score reports will cost extra.
Ques - Is the GMAT exam fee refundable?
Ans - The GMAT exam fees are non-refundable. Candidates can reschedule or cancel their exam through the official website.
Ques - What happens if I cancel my GMAT exam?
Ans - Candidates have to pay INR 4,163 (US$50) to cancel the exam. After completing the cancellation process, candidates will get a refund of GMAT registration fees.
Ques - What is GMAT score for Harvard?
Ans - The average GMAT score for Harvard is 730. With a GMAT score range between 540-790, candidates can get admission into top business schools.
Ques - How many attempts are allowed for GMAT?
Ans - Candidates can sit for the GMAT exam a maximum of five times a year.
Ques - Can I clear GMAT without coaching?
Ans - With a good command of the English language, candidates can crack GMAT exam without coaching.
Ques - Can I give GMAT from home?
Ans - GMAC organized MAT online, which is a remote proctored version of the test center-based exam.
Ques - Is there a GMAT cancellation fee?
Ans - Candidates can cancel their GMAT score after they leave the GMAT exam center. Candidates have to pay INR 2,081 ($25) to cancel their score.
Ques - How long is GMAT score valid?
Ans - GMAT score is valid for five years from the test date. After five years, business schools will no longer accept candidate's GMAT scores.
Ques - Are there additional fees beyond the registration fee?
Ans – Yes, there are additional fees if you want to avail other options. Some optional services come with additional costs, like score reports ($35 per recipient) and prep materials. The cancellation or rescheduling of the exam also comes with additional fees.
Ques - Do international test-takers pay different fees?
Ans – The test fee is set in USD, but might translate to varying amounts depending on local currency. Some countries may have additional taxes for which the fees differ. You can select your country on the official website and check the fees.
Ques - Are there discounts for students or specific groups?
Ans – Yes, GMAT Fee Waivers are available for qualifying candidates facing financial hardship. The eligibility and the application details are available on the GMAC website. If you are eligible for GMAT fee waiver, you can take the exam for free. .
Ques - Can I get a refund if I cancel my registration?
Ans – yes, you can get a partial refund if you cancel the exam. The partial refunds depending on how early you cancel (up to 100% if it's 60+ days before). You can review the cancellation details above.
Ques - What payment methods are accepted?
Ans – GMAT accepts almost all payment methods. You can pay with major credit/debit cards (Visa, Mastercard, etc.) in most locations. You can also pay with VISA, Mastercard, American Express and Discover Network Cards.
Ques - Can I reschedule my exam with no extra cost?
Ans – No, if you reschedule the exam with a specific time, you must pay. You can reschedule once for free up to 48 hours before your original appointment. Hence, if you want to reschedule, you need to think and act early.
Ques - What happens if I miss my exam without notice?
Ans – If you miss your exam without notice, your registration fee is forfeited and you need to re-register to reschedule. You will have to pay the registration fees again to take the exam.
Ques - Do I need to pay extra for additional score reports?
Ans – Yes, you need to pay extra for additional score reports. You will be allowed to select 4 universities to send the report to which is included in the registration fees. For extra score sending, each score report sent to additional universities costs $35.
Ques - Does the online GMAT cost more than the test center version?
Ans – Yes, the online GMAT registration fee is currently $300, compared to $275 for test centers. You must check the fees for your country before proceeding. The fees will differ as per the country selected.
Ques - Where can I find the latest official information on GMAT fees?
Ans – You can find the latest official information on GMAT fees by visiting the official GMAT website (mba.com) or contact GMAC directly for the most up-to-date information.
*The article might have information for the previous academic years, please refer the official website of the exam.