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GMAT Fees 2021: Registration Fee, Cancellation Fee, Rescheduling Fee, Payment Methods and Fees Structure

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Sayantani Barman

Study Abroad Expert

GMAT fees in India are $250 (INR 18300). GMAT registration fee differs country wise. Along with the GMAT exam fee, candidates can also pay for other services as available like rescheduling fee, cancellation fee, additional test report form. While paying GMAT exam fees in India, candidates have to remember some of the banks do not remember debit card transaction unless the merchant is verified by Verified by Visa or Mastercard Secure. Candidates have to enter a pin number while making the transaction. 

Additional 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 fees in India comprise certain distinct phenomena. Firstly, the GMAT registration fee is $250 or in Rs. 18,300. 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, for GMAT Exam Fees in India 2021, the breaking down of fees is somewhat like –

Types Cost (US$)
GMAT registration fee 250
Enhanced score report 30
Additional score report 35 each
Cancel score(online when you leave the centre after the test) 25
Reinstate score 50
AWA essay rescoring 45
GMAT Reschedule Fee
More than 60 days before appointment 50
15-60 days before appointment 100
14 days or less before appointment 150
GMAT Cancellation Fees
More than 60 days before appointment 100 (refund)
15-60 days before appointment 75 (refund)
14 days or less before appointment 50

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.

Types Cost (US$)
GMAT registration fee 275
Enhanced score report 30
Additional score report 35 each
Cancel score(online when you leave the center after the test) 25
Reinstate score 50
AWA essay rescoring 45
GMAT Reschedule Fee
More than 60 days before appointment 50
15-60 days before appointment 100
14 days or less before appointment 150
GMAT Cancellation Fees
More than 60 days before appointment 100 (refund)
15-60 days before appointment 75 (refund)
14 days or less before appointment 50

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. 

Types Cost
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 Report US$ 35 (each)
Cancel score(online when you leave the center after the test) US$ 25
Reinstate score US$ 50
AWA essay rescoring US$ 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. 

Types Cost
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 report US$35 each
Cancel score(online after you leave the test) US$25
Reinstate score US$50
AWA essay rescoring US$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. 

Types Cost (US$)
GMAT Exam 285
Enhanced score report 30
Additional score report 35 (each)
Cancel score (online after you leave the test centre) 25
Reinstate score 50
AWA essay rescoring 45
GMAT Reschedule Fee
More than 60 days before appointment 55
15-60 days before appointment 115
14 days or less before appointment 170
GMAT Cancellation Fee
More than 60 days before appointment 115 refund
15-60 days before appointment 85 refund
14 days or less before appointment 55 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 of 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.

Comments


35 Comments
G
gouri kumari
Is there difference in fees according to the month in which I am giving the exam?
C
common admission test

GMAT is a global exam, the exam fees for GMAT is also fixed considering that which is approximately $250 or in Rs. 18,852.40. There is no difference in fee according to month in which you are applying. 

V
vikram dewan
How many times is it required to pay the fees in case I clear the exam?
A
abdul nazir

Hi Vikram, There is no fees applicable after you have cleared the test until you appear for retake to improve the score or apply for a scorecard. The fees have different divisions are it may vary from country to country. Find other related details at GMAT fees.

A
anuj singh chauhan
Will there be reduction in exam fee next year?
C
common admission test

No, There won't be any change as GMAT is a global exam, and the exam fees for GMAT is also fixed considering that which is approximately $250 or in Rs. 18,852.40.

V
vikram dewan
What is the fees for OBC candidates?
C
common admission test

GMAT registration fee costs $250 (INR 18,461) and there is no Caste based reservation policy. Special reservation criteria are provided for students with disabilities.

M
muheshraaj
Will there be any fee refund if I can't give the exam?
R
rakhisree chatterjee

Hi,  If you miss your GMAT appointment, you won't get a refund. You may register for a new exam without waiting 16 calendar days. For more information, please refer, GMAT.

A
anuj singh chauhan
Is the online payment the only way to submit the fees?
S
surendra

Hi Anuj

Yes you need to pay for the GMAT exam fee tnhrough the online portal. While filling the application form you will be taken to the fee payment portal once your are done you will get an email notifying you that you have paid your fee. For more details you can visit on our official wbeiste of GMAT Fees 

R
riya gupta
Will there be any fee relaxation foe next year due to crisis created by COVID-19?
R
rakhisree chatterjee

Hi, Acknowledging and understanding the current situation, B-schools has started to offer alternatives/relaxation on GMAT or on application fee for a specific round. For more information, please refer, GMAT Exam.

L
lakshay kakkar
Can I refurbish my fees in case of rescheduling of the exam?
R
rakhisree chatterjee

Hi, Depending on when you're rescheduling your exam, you will pay a $50 GMAT reschedule fee (more than seven days before your appointment) or $250 fee (seven days or fewer before your appointment).

S
shiya devi
How much amount can I get as refund after cancelling my exam ?
R
rakhisree chatterjee

Hi, Cancel Fee Tiers: 1 to 14 days prior to appointment: $200 ($50 refund) 15 to 60 days prior to appointment: $175 ($75 refund). For more information, please refer, GMAT.

A
arushi thankur
How many retakes of GMAT are possible?
R
rakhisree chatterjee

Hi, You can retake the GMAT up to 5 times in a calendar year and up to 8 times in a lifetime. However, you must wait for 16 days before retaking the GMAT.

T
tanishka shah
Will there be any relaxation in fees for the students who have given exam multiple times in a year?
R
rakhisree chatterjee

Hi, Regardless of whether you're taking the GMAT for the first time or have taken it before, GMAC scores your test the same way, so aside from the $250 fee of paying for another test, there is no “penalty” for retaking the GMAT. 

P
pradeepraje
Do they even refund money to the students if they cannot make it to the college?
A
abdul nazir

Hi Pradeepraj, No the registration fees for GMAT is not refundable under any circumstances. There will however to separate fees for cancelling or rescheduling of the exam. The changes are permissible only till the time window is opened. So if admission gets rejected, no fees will be refunded. To know more visit GMAT 2020 registration.

P
pradeepraje
How much it costs for Counselling from general seats?
A
arvind kumar

Hi Pradeepraj, Greetings from Collegedunia. GMAT Exam is conducted for admission to management courses. The counselling fees is 250 dollars. For more details visit: GMAT EXAM

S
saurav kumar
How many attempts i can give to GMAT?
S
surendra

Hi Saurav

You cannot appear in GMAT for more than 5 times in one year and the maximum attempt to appear in GMAT exam is 8 times. 

D
dharshini rajendran
Do they even refund money to the students if they cannot make it to the counselling?
D
dummy

Dear Dharshini Rajendran

Greetings from Collegedunia. The registration fee of GMAT is US $250 and there is also a preparation course fee of US $349 and the reschedule fee is the US $50,100,150. There is also the Enhanced Score Report fee is US $30. There is no refund fee but you can re-take the GMAT Examination again if you have gained the required cut-off. For more details, kindly go through this link – GMAT Registration Fee  

S
sandesh kumar
How much it costs for counselling round
D
dummy

Dear Sandesh Kumar

Greetings from Collegedunia. You will be appearing in counselling as soon as GMAT score report published on the official website. You can check out various cut-off mentioned for counselling of GMAT for various reputed Institutes in India. Only a Registration fee is taken for the GMAT examination and there is no counselling fee for GMAT Examination. For more details, kindly go through this link – GMAT Results & Counselling

L
lakshay kakkar
How much does GMAT fee in any colleges?
R
rakhisree chatterjee

Hi, The Graduate Management Admission Test (GMAT) is a standardised, computer-based assessment that business schools around the world use as a selection tool for prospective students. The test is owned and administered by the non-profit Graduate Management Admission Council (GMAC) and costs approximately US$250.00.

S
swarup
Will there be reduction in fee if I am not able to pay the whole amount?
R
rakhisree chatterjee

Hi, GMAC doesn't offer GMAT fee waivers directly to applicants, so if you're looking to have your GMAT fees reduced or waived, you'll need to work directly with schools. GMAC provides GMAT exam vouchers to schools based on request. Each school can request up to 10 GMAT exam vouchers per year.

D
deep jyoti das
Do they even refund money to the students if they cannot give exam on the schedule?
K
kapila.gandrola

Hello Deep,

No, if you fail to give the examination, the money will not be refunded. However, you can reschedule your examination four days prior to the examination without any additional fee. For more details, visit – GMAT rescheduling process.

M
mohammed najamuddin
How much does GMAT fee in different abroad colleges?
K
kapila.gandrola

Hello,

The fee for the GMAT is $250. The fee of the colleges abroad in which you’re applying through your GMAT score varies. You can check the fee of that respective college on their official website. Alternatively,  you can reply with the name of the college and we can provide you with related information. For details on GMAT, visit – GMAT Overview.