GMAT Fees 2020: Registration, Scheduling, Cancelation, and Other Costs

    GMAT is a widely accepted MBA entrance exam throughout the world. The vitality of the GMAT exam is known by everyone along with its syllabus which comprises four sections - quant, verbal, integrated reasoning and analytical writing assessment. Candidates who are wishing to pursue MBA, prepare for the GMAT exam, day and night for that 700+ score and eventually see themselves in one of those reputed business schools. Not just the score, but the GMAT exam has certain eligibility criterias to be followed carefully. Now, as we have already mentioned, GMAT is a global exam, the exam fees for GMAT is also fixed considering that which is approximately $250. It is definitely on the higher side compared to the country wise entrance exam fees but the facilities provided in this GMAT fees is also commendable.

    Other costs attached with the GMAT exam fees

    The GMAT exam follows a lot of steps and it has certain processing costs involved too and they are

    • GMAT Registration Fee
    • GMAT Application Fee
    • GMAT Reschedule Fee
    • GMAT Cancellation Fee
    • Additional score reports
    • Score cancellation after leaving the test centre
    • Score reinstatement
    • AWA essay rescoring
    • GMAT preparation cost

    These are the basic GMAT costs involved in the whole GMAT exam process. But the question lies here – does every country have the same GMAT fees? Well, no and we are going to discuss that now.

    GMAT Fees around the world

    GMAT Exam Fees in India 2020

    The GMAT fees in India comprises certain distinct phenomena. Firstly, the GMAT registration fee is $250 or in Rs. 18,852.40. Wondering why we mentioned the dollar currency? This is because GMAT fees have to be paid in dollars while sitting for the exam in India. Further, the breaking down of fees is somewhat like –

    TypesCost (US$)
    GMAT registration fee250
    Enhanced score report30
    Additional score report35 each
    Cancel score(online when you leave the center after the test)25
    Reinstate score50
    AWA essay rescoring45
    GMAT Reschedule Fee
    More than 60 days before appointment50
    15-60 days before appointment100
    14 days or less before appointment150
    GMAT Cancellation Fees
    More than 60 days before appointment100 (refund)
    15-60 days before appointment75 (refund)
    14 days or less before appointment50

    The above distribution of the exam fees will help the student understand the GMAT exam fees in a precise manner.

    GMAT Cost in the US

    If you are someone giving the GMAT test in the US then there will be a slight change in the GMAT registration fee and that is $275. The further details will help the students handle the fee structure of GMAT carefully.

    TypesCost (US$)
    GMAT registration fee275
    Enhanced score report30
    Additional score report35 each
    Cancel score(online when you leave the center after the test)25
    Reinstate score50
    AWA essay rescoring45
    GMAT Reschedule Fee
    More than 60 days before appointment50
    15-60 days before appointment100
    14 days or less before appointment150
    GMAT Cancellation Fees
    More than 60 days before appointment100 (refund)
    15-60 days before appointment75 (refund)
    14 days or less before appointment50

    The above cost distribution will help the candidates understand the GMAT fees clearly.

    GMAT Fees in UK

    The thing to be noted in the UK GMAT fees structure is, there will be few amounts which have to be paid in GBP and few in US$. To further understand this, let us get going with the details of the GMAT cost. 

    TypesCost
    GMAT Registration Fee£225
    Enhanced score report (purchased at the time of registration)£24
    GMAT Reschedule Fees
    More than 60 days before appointment£45
    15-60 days before appointment£85
    14 days or less before appointment£125
    GMAT Cancellation Fees
    More than 60 days before appointment£85
    15-60 days before appointment£70
    14 days or less before appointment£45
    Additional Score ReportUS$ 35 (each)
    Cancel score(online when you leave the center after the test)US$ 25
    Reinstate scoreUS$ 50
    AWA essay rescoringUS$ 45

    Now, this will help the students get hold of every detail about the GMAT cost.

    GMAT Fees in the Europe Eurozone Countries

    The Eurozone countries are Greece, Austria, Belgium, Luxembourg, Spain, Portugal, Germany, Ireland, Italy and more. If you are someone residing in any of these countries or will be sitting for the GMAT in any of these then you need to know that few of the fees will have to be paid in euros and remaining US$. Just like the previous one, the GMAT registration fee will be €250 and the enhanced score reports will cost US$ 35 each. 

    TypesCost
    GMAT Registration Fee€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 reportUS$35 each
    Cancel score(online after you leave the test)US$25
    Reinstate scoreUS$50
    AWA essay rescoringUS$45

    GMAT Fees in Non-Eurozone countries

    By non-Eurozone countries it is meant the countries which don’t use Euro as their currency and they are – Denmark, Czech republic, Hungary, Poland, Romania, Sweden, Bulgaria, Croatia and more. Here, the currency used for the GMAT fees is US$ and they also have too little extra. 

    TypesCost (US$)
    GMAT Exam285
    Enhanced score report30
    Additional score report35 (each)
    Cancel score (online after you leave the test centre)25
    Reinstate score50
    AWA essay rescoring45
    GMAT Reschedule Fee
    More than 60 days before appointment55
    15-60 days before appointment115
    14 days or less before appointment170
    GMAT Cancellation Fee
    More than 60 days before appointment115 refund
    15-60 days before appointment85 refund
    14 days or less before appointment55 refund

    Process to calculate GMAT Cost

    After studying the cost distribution, the next immediate thing to understand is the process of calculating the GMAT cost. It further includes these steps –

    • GMAT Registration Fee
    • GMAT Preparation Course Fee
    • GMAT Reschedule Fee (if needed)
    • Taking the GMAT
    • Cost of retaking the GMAT 
    • Requesting additional score report
    • Applying to the selected business schools

    Situation 1 – When the first attempt is successful

    Here, the candidate registers by giving the GMAT registration fee, follows the preparation tips for GMAT, doesn’t reschedule the exam and the outcome of the first attempt is a really high score. They then apply to their selected 10 business schools.

    Therefore, the candidate is incurring –

    • A GMAT registration fee of US$250
    • GMAT preparation course fee of US$349
    • Additional score report – 5 nos of US$ 175
    • Total is US$ 774

    Situation 2 – When the candidate opts for rescheduling and take the test once

    In this scenario, the student registers for the exam by paying the GMAT registration fee, prepares for it by following the practicing papers of GMAT, reschedules it by paying the GMAT reschedule fee and rocks it in the first attempt. 

    • A GMAT registration fee of $250
    • GMAT preparation course fee of US$349
    • GMAT Reschedule fee of US$50, 100, 150
    • Additional score reports – 5 nos of US$175
    • Total is US$ 824 – 924

    Situation 3 – when the candidate reschedules and retakes the GMAT

    Here, the candidate reschedules the exam, takes the exam in their allocated exam centre but is unable to achieve the target score. Therefore, they retake the GMAT exam.

    Situation 4 – when the candidate retakes the GMAT exam

    Here, to analyse the last GMAT exam, the candidate purchases the enhanced score report. In the second attempt they achieve the score they wanted and proceed with applying for their selected 10 business schools.

    • A GMAT registration fee of $ 250
    • GMAT preparation course fee of US$ 349
    • GMAT Reschedule fee of US$ 50,100,150
    • 2nd GMAT registration fee of US$ 250
    • Enhanced score report US$ 30
    • Additional score report US$ 175
    • Total is US$ 1,104 – 1,204

    How to avoid the retakes of GMAT Exam

    The GMAT cost can be really painful to the eyes and even more while paying. The best way to avoid these extra costs would be to prepare for the exam thoroughly. The need at this hour would be to create a solid plan which will enable the candidates to prepare for the exam carefully. The plan should be personalized and where the strengths and weaknesses of the test taker is measured. 

    Lastly, it can be said after studying the GMAT exam fees in India 2020, UK, USA and more, it is beneficial for the students to engage in a careful study plan to avoid the GMAT postpone fee. The GMAT cost is higher in comparison to others though at the same time it offers plenty facilities and the GMAT fee waiver also helps the student. It is the candidate’s systematic and tactful planning that will result in their success and then paying the GMAT exam fees will be worthy for them and there will be no question of GMAT cancellation fee.

    *The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College

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