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GMAT Exam Fee Payment 2023

All You Need To Know About GMAT Exam Fee Payment 2023

GMAT Exam Fee Payment

The GMAT Exam Fees in India

The GMAT exam fees in India costs $275, which is approximately equivalent to 22,800 INR.  In addition, there may be an additional fee if the candidates want to change the test location or reschedule it. Those candidates who fail to appear for the exam will be charged the full cost of the GMAT.

GMAT Cancellation Fee

If any student wants to cancel the exam 1 to 14 days before the exam conduct date then they will be required to pay $200 however they will get refund of $50. Whereas if any student cancels their exam before 15 to 60 days from the date of appointment then they will be charged $175 and get a refund of $75. In addition if the student cancel the test beyond 60 before the date of appointment then they will be charged $150 and will get $100 as  refund. Furthermore, within 24 hours of the scheduled test and time, the appointment for the test cannot be changed or cancelled.

GMAT Exam Reschedule Fee

The following are the Online GMAT Reschedules fee requirements. It is suggested that student must register for the test after determining the length of time they will need to study because it will reduce the total cost of taking the test.

Timeframe

Reschedule Fee

More than 60 days before the appointment

$50

15-60 days before the appointment

$100

14 days and less before the appointment

$150

GMAT Rescheduling Fee

If any student will reschedule the exam 1 to 14 days prior to the date of giving test,  they will be required to pay US$150. Moreover, student must pay US$100 if they need to reschedule the exam 15 to 60 days before the scheduled appointment. If any candidate will reschedule their exam beyond 60 days from the test date then they must be required to pay US$50.

How to Register for the GMAT Exam?

The registration process of GMAT exam remain open throughout the year.  As a result, students can choose a day that will be convenient for them and take the exam at any time during the year. A step-by-step tutorial on how to sign up for the GMAT test is provided here.

Create an account- Make an account on mba.com, which is the official website for the GMAT. One can do this by clicking the sign-up button on the page's upper right corner. Once the candidate will click on it, they will see a new page where they will be required to enter their contact details, including their email address, name, age etc.  

Begin the registration procedure- Once the candidate made an account, they may commence the registration process. To accomplish this, candidate must click the exams button in the top left corner of the page. When the student will click on it, they will be sent to a different page. On that page candidate must input all of their  personal data, including their name, phone number, address, and country where they live.

Filling optional information- After entering all of the personal information, candidate must fill out the optional fields by providing details about their academic performance, employment history, etc. Candidate can, however, decide to omit this action.

Verify the profile- After the submission of the required information, GMAC's account processing personnel will receive candidate's registration request. Within two business days, the registration request gets processed.

Date selection and scheduling the exam- Once the request has been validated, candidate can choose a date and book an exam time slot. At candidate desired location, they have the choice of up to three test centres. The time and date can also be chosen based on the candidate preferences. If the test centre is not available due to covid 19 pandemic then student can give the GMAT online test from the comfort of their home.

Pay the enrolment fee- Student will be required to complete the registration process after paying registration fee of $250, or roughly 18,300 INR.

The GMAT test is conducted several times a year. As a result, there are no set dates for the GMAT. Candidates should register for the GMAT Exam at least three months in advance. Mode of Payment for the GMAT Exam

A credit card or debit card is the most popular method of payment if a candidate intend to register for the GMAT exam which will be conducted online. However, it is essential to keep the following things in mind when thinking about paying the GMAT exam fee online.

  • American Express, Visa, Mastercard, and Discover Network Cards are all accepted by GMAC.
  • The appointment will be immediately cancelled if any of the above-mentioned cards are denied; candidate will then be required to book another test slot along with a valid payment.
  • In addition to this, the registration will be revoked if the candidate uses a fake card.  If candidate possess any prior GMAT scores, they might be cancelled. Furthermore, GMAC will inform the relevant law enforcement agencies and business schools.

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Frequently Asked Questions

While registering for GMAT exam all candidates are required to pay $250 in addition if anyone wishes to cancel or reschedule their exam, they will have to pay an additional fee each time.

The GMAT Exam fees are costly or high since additional services like ESR, rescheduling, canceling, and additional score reports are extra.

Given that the GMAT exam is a reliable measure of academic accomplishment, it may be important when determining if a candidate qualifies for merit-based scholarships and, in some situations, business schools automatically reduce tuition fees for GMAT-qualified applicants.

No, the calculator is not allowed for maths calculations.

After 16 days from the initial test attempt, candidates may retake the GMAT. The GMAT exam may be taken up to five times in a 12-month period by a single candidate. In total, 8 attempts at the GMAT are permitted in a lifetime.

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