In both India and the US, the GMAT exam costs $275. However, this is not the only expense you'll have to pay. Your GMAT registration price exceeds $275 because to additional fees for services like rescheduling, cancelling, ESR, and additional score reports. Additionally, the GMAT costs vary depending on where you are. Your costs will vary depending on where you are. For instance, whereas the GMAT price in the UK is £225 (about $300), it is $275, or INR 20,000, in India. In a few European nations, the GMAT price is $285; the total cost is expressed in either euros or pounds. Thus, the GMAT costs vary depending on where you live. But is the GMAT registration price different if you take the test at home?
No, regardless of where you take the GMAT exam—in a facility or at home - the cost is the same. Therefore, the GMAT online exam costs $275 in India, $275 in the United States, and $300 in the United Kingdom. Instead of paying an extra $35 per score report for the GMAT taken at home, you can transmit your results to any number of business schools for free.
GMAT Fees in India and Information
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The GMAT contains questions from several segments and is based on a number of different factors. With such a feature, the exam is challenging, and for many, getting into the test appears difficult. So, before taking the GMAT exam, a student should consider the following key elements inclusng GMAT fees in India.
- Before choosing to do research for the exam, international students should be aware of the GMAT's scoring specifications. The GMAT ranges from 200 to 800 points in the score.
- The GMAT does not assess a person's capacity for interpersonal, leadership, or teamwork.
- The GMAT exam can only be taken five times a year by students. Finally, there can be a total of eight attempts.
- With testing at more than 600 test centres globally, the GMAT exam fees is used by more than 7,700 programmes offered by more than 2,400 colleges and organizations in 114 countries.
- To reduce English-speaking or US-centric prejudice, international specialists resolve test questions and incorporate multicultural examples.
How Can I Sign up for the GMAT Test?
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The GMAT exam registration process is accessible all year round. As a result, you may choose a day that works for you and take the exam at any time of the year. A step-by-step tutorial on how to sign up for the GMAT test is provided here.
- Create a profile - Make an account on mba.com, the GMAT's official website. You may do this by clicking the sign-up button on the page's upper right corner. Once you click on it, you'll be sent to a new page where you must enter your contact details, including your name and email address and also get to know about GMAT fees in India.
- Start the registration procedure: Once you've made an account, you may begin the registration procedure. To do this, click the examinations icon in the top left corner of the page. You'll be sent to a different page when you click on it. You must input all of your personal data here, including your name, phone number, address, and country of residence.
- After entering all of your personal information, fill out the optional fields by providing facts on your academic performance, employment history, etc. You may, however, decide to omit this action.
- Verify your profile - After you have filled out all the required information, GMAC's account processing staff will receive your registration request. Within two business days, your registration request will be completed and you may acknowledge GMAT fees in India.
- After your request has been validated, you can choose a day and book an exam time window. Up to three test centres can be chosen at your preferred location. Additionally, you may pick a time and date that work for you. You can take the GMAT online test from the convenience of your home if a test centre is unavailable to you because of the COVID-19 epidemic this will not hamper the GMAT fees in India.
- Pay the enrollment fee - Pay the registration fee of $250, or roughly 18,300 INR, to complete the registration process.
GMAT Eligibility
Candidates should be aware of the minimal qualifying requirements for the GMAT before registering. To be eligible for the GMAT, you must meet the following requirements:
- Candidates must possess a foundational education from a recognised university or institution.
- Candidates must be at least 18 years old; if they are younger, a guardian's no-objection certificate is required.
- A applicant cannot show up without a current passport.
- Only 5 times each year and 8 times overall can applicants take the GMAT.
- Only 16 days after the first exam is given may candidates take the GMAT.
- Although job experience is not a necessity in and of itself, the world's best business schools favour it.
- And a payment of GMAT fees in India.
The GMAT Fees in India
The GMAT exam fees registration price is $250 (for the majority of nations) or GMAT fees in India INR 18500. In contrast to this enrollment price, the cost of GMAT has other additional expenses. You can see a general breakdown of the GMAT exam fees in the figure below.
The cost of GMAT exam varies by nation. The GMAT syllabus needs to be prepared extensively to get a good score. The GMAT fees in India online at-home version is $250 worldwide. Additionally, the final cost of GMAT differs from the registration price since you can be responsible for additional GMAT exam fees for GMAT fees in India exam's cancellation and rescheduling (if the need be). In addition to this, you will also need to pay more if you want more score reports.
The GMAT exam fees costs $250 for GMAT exam fees in India as well, and you must pay the cost for GMAT in US dollars. However, depending on the conversion rate at the time of registration, this number may change in INR. The breakdown of the potential total GMAT fee is provided below:
|
Fee Category |
Fee Amount |
| GMAT Exam Fees for Registration | $250 |
| Cost of GMAT Enhanced Score Report | $30 |
| Score Cancellation Fee After Leaving the Test Centre | $25 |
| Additional Cost for GMAT Score Report | $30 Each |
| Rescoring For AWA Essay | $45 |
| Rescheduling Fee Cost for GMAT | 60 days prior to the appointment, $50; 15 to 60 days prior to the appointment, $100; and 140 (14 Days Before the Appointment) |
| Cancellation Fee Cost for GMAT | Refund of $100 (60 Days Before the Appointment) $75 in refund (15-60 Days Before the Appointment) 50 USD Refund (14 Days Before the Appointment) |
Top Universities Offering GMAT Fee Exemptions
Depending on factors like academic standing, financial situation, etc., several schools and universities eliminate student fees. You must submit a request to the admissions committee of the business schools you are applying to in order to be qualified for the cost waiver. You may either contact them personally or do it through the college's website. The rules for entry, though, can alter over time. Several courses exempt GMAT like MiM without GMAT. Therefore, before submitting applications for the cost waiver, check the GMAT official website of the universities of your interest and to know GMAT Fees in India.
The top 10 MBA institutions that partially or totally waived their application costs are listed below if you're seeking schools that provide fee waivers for GMAT Fees in India.
- University of Manchester – Alliance Manchester Business School
- The University of Texas at Austin McCombs School of Business
- Ohio State University Fisher School of Business
- Yale School of Management
- Vanderbilt University Owen Graduate School of Management
- University of Rochester Simon Business School
- University of Iowa: Tippie School of Business
- The University of St. Gallen MBA
- Michigan State University-Eli Broad College of Business
- Georgetown University McDonough School of Business
Payment Options for the GMAT Fees in India
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The most popular method of payment for GMAT exam registration through the internet option is a credit or debit card. However, bear the following things in mind while thinking about purchasing the GMAT exam fee online.
- Visa, American Express, Mastercard, and Discover Network Cards are all accepted by GMAC.
- Your appointment will be immediately cancelled if any of your cards are denied; you will then need to book another test session with a valid payment.
- In the event that you use a fake card, your registration will be revoked. Additionally, if you have any prior GMAT results, they may be annulled. GMAC will also let law enforcement and business schools know about this.
You may send a cashier's check, money order, or personal check to pay the GMAT test cost if you have submitted a registration form (paper form). Keep the following in mind while purchasing the GMAT exam cost by check or money order:
- Payable to Pearson VUE-GMAT, the payment must be made in US dollars.
- The current date must be mentioned instead of the post date.
- Your signature should appear on the check.
GMAT Fees in India Exemptions
Direct cost of GMAT fee exemptions are not provided to students by GMAC. Only the schools have the authority to grant the 10 fee exemptions cost for GMAT each year for test takers from economically disadvantaged backgrounds. The standards used by various schools determine what is meant by "economically disadvantaged."
Paying your GMAT exam fees
If you enrolled online, a credit card or debit card is the most popular method of payment. You may also use a cashier's check, money order, or personal check to make your payment if you have submitted a physical form. Payments made by check of cost for GMAT should be made in US dollars and drawn from US banks.
GMAT Result
In contrast to other exams, you may immediately see your GMAT Score Report after paying the GMAT fees in India. Following the exam, the GMAT AWA score will not be made public. The candidate has the option of accepting or rejecting their GMAT result. If the candidate accepts the outcome, GMAC will send the score report to the school straight away; if the candidate rejects the outcome report, no one will be able to access the candidate's GMAT score. After the test, candidates can obtain their unofficial GMAT score report. Within 20 days of taking the GMAT, candidates can get their GMAT result report and their AWA score.
It is now official to use the new process for sending candidates' online GMAT results. For the GMAT's online results, there are five free score reports available. After mba.com publishes the official online test results, you have 48 hours to use the five free score reports. Additional score reports may be purchased for US$35 each. The GMAT exam, which is available both online and in test centres throughout the world, is recognized and trusted by over 7,000 programmes worldwide.
How is the GMAT score determined?
As a result of the formation, candidates will be graded on each GMAT component. Only the GMAT Verbal and GMAT Quantitative scores are included in the GMAT Score Report. One can acquire a GMAT score of 750+ with right preparation. The course includes the AWA and GMAT IR to assess applicants' analytical skills. The following items are listed in the GMAT Score Report:
- Quantitative Score on the GMAT (6-51)
- Verbal Reasoning on the GMAT (6-51)
- Writing Analytical Essays Evaluation (0-6)
- Integrative Analysis (1-8)
Validity of GMAT scores
The GMAT score validity period is five years after being done with GMAT fees in India.
Since many recruitment organizations utilise GMAT results to connect individuals with vacancies, they are helpful for both getting an MBA and obtaining work.
If a test taker is dissatisfied with their results, they can repeat the GMAT after paying cost of GMAT fees in India.
The GMAT can only be taken five times in a 12-month period or the calendar year.
Conclusion
The first step in your GMAT preparation guide, to start studying each of the GMAT components, specifically the Verbal Reasoning, Quantitative, Integrated Reasoning, and Analytical Writing portions. Your admission to the business school of your choice is determined by the GMAT score. Therefore, it's crucial that you fully get ready for it. You must first be well-versed on the exam's specifics in order to do this. To start, you must be aware of the cost of GMAT fees in India. After all, you will be spending a sizable cost for GMAT Exam fees price; as a result, be sure the money you invest isn't wasted.
