All of us are aware of the fact that appearing in GMAT is a costly affair. It begins right with the registration process. GMAT exam fee is USD 250. In India, GMAT exam fee is approximately INR 16,000 which is equivalent to USD 250. GMAC follows uniform GMAT Exam Fee across the globe.
However, GMAC (Graduate Management Admission Council) helps the students economically through GMAT fee waiver. The students could take the advantage of this fee waiver from the B-schools, shortlisted by them. The assistance is provided to those students who really want to take GMAT exam but unable due to high exam fees.
Here we’re sorting out the frequently asked questions in respect to GMAT fees and GMAT fee waiver.
What does the GMAT Exam Fee consist?
While the GMAT registration process, candidates are allowed to select minimum three and maximum five test centers. And the official score card will be directly sent to the short-listed three/four/five B-schools.If any candidate tends to send official GMAT score card to more than five schools, GMAC charges USD 28 for every added B-school. Read more about GMAT Scholarships.
Do Rescheduling GMAT Exam charges extra cost?
The answer is YES, if any candidate wants to reschedule GMAT test before the seven days of the original date-USD 50 will be chargeable. While the base fee of USD 250 will be charged if the test is rescheduled within the seven days of original exam date.
GMAT Registration Cancellation Fees & Refund
You’ll receive a reimbursement of USD 80 if you cancel your GMAT exam online over seven complete days before the date and time of original test date. An amount of USD80 will be credited to your account, with an additional service charge of USD10 if you cancel through telephone. There will be no reimbursement if you cancel the test within seven entire days before the assigned test date and time, and you may be required to pay yet further USD10 as a service fee if you do this during the telephone.
What is GMAT Fee Waiver?
GMAC, regulating and administering body of GMAT ensures all prospective test takers have access to the examination. In case, if a prospective test taker is economically disadvantaged by applying can receive up to 10 times fee waiver every year. Test aspirants can request fee waivers by completing the form with the following information:
- Number of fee waivers requested (up to 10).
- Description of your process to determine eligibility for awarding GMAT fee waivers to candidates.
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