GMAT Focus Edition Exam Fees: How Much is the Fees for GMAT Exam in India

If studying MBA from abroad is what you look forward to, you must be aware of the GMAT (the Graduate Management Admission Test), a standard entrance examination students take to get admission to top-ranked business schools. 

When we talk about GMAT Focus Edition (the new and only valid version of the GMAT), one of the most important things an aspirant wants to know is its fees. This article lists the updated GMAT exam fees in India for your perusal.

Recent Update on GMAT Exam Fees

The GMAC has discontinued the previous version of GMAT. Since February 2024, the GMAT Focus Edition is the only accepted GMAT version. 

It consists of three test sections: quantitative reasoning, verbal reasoning, and data insights (with a total duration of 2 hours and 15 minutes). 

Along with changing the exam format, there are new GMAT exam fees for Focus Edition. Paying for this version has been made simple as multiple payment options have been added.

The final GMAT fees, local taxes, and rules that apply to each place are determined by your location (whether taking it online or at a test center).

Current GMAT Focus Edition Exam Fees in India

The GMAT application fee in India is $275, which is approximately ₹22,967  for an exam delivered at the test center and $300 (₹25,055) for an exam delivered online. To avoid multiple attempts, it is strongly advised that students prepare thoroughly for the test.

GMAT Focus Edition Exam Fees in India

GMAT Exam Cancellation Fees

Candidates cannot cancel or modify the GMAT examination within 24 hours of the examination.  That is why students must choose and book the test slot carefully.

GMAT Exam Rescheduling Fees

Students can reschedule their test date by paying the additional fees. The GMAT reschedule charges are as below:

GMAT Focus Edition Reschedule Policy

You can reschedule or cancel your GMAT Exam (GMAT Focus Edition) appointment up to twenty-four hours before the specified start time of the session. 

Rescheduling fees, cancellation fees, and refunds will vary depending on when you request the modification and according to the laws that are in effect in your area.

If you do not take your GMAT exam, you will have to wait for 24 hours to schedule a new appointment. You cannot cancel or reschedule an appointment that is less than 24 hours away. 

The whole exam money will be forfeited if you fail to cancel or reschedule your exam more than 24 hours before the appointed appointment time. 

GMAT Focus Edition Fee Waivers

• Not everyone can afford the cost of attending a business school. Students from financially underprivileged backgrounds can avail themselves of the GMAT fee waiver to lessen their burden.
• Anyone can apply for the GMAT fee waiver option. The applicants cannot apply for this waiver directly. Instead, GMAC leaves it up to the business schools to allow exam fee waivers for their students.
• GMAC allows schools to decide which applicants are eligible for a fee waiver or reduction. In 12 months, schools are allowed to apply for ten fee waivers.
• GMAC permits institutions to choose their criteria for determining a student's financial need. This implies that anyone seeking a fee waiver must demonstrate their financial need to the school.
• The GMAT fee waiver can be applied through the candidate’s undergraduate school or the MBA program they have applied for. But, before anyone applies for a fee waiver through any of these sources, they need to confirm with their school’s financial aid department if they offer a GMAT fee waiver.
• The school will not only determine if a candidate is eligible for a test fee waiver but also how much of a fee waiver or reduction they are eligible for. They must provide the school with their financial need statement, justifying their economic condition and why they cannot afford the GMAT test fee.

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GMAT Exam Fees Payment Information

Credit and Debit Cards

• When paying for the GMAT Focus Edition exam and/or any additional product or service with a credit or debit card, candidates should only consider VISA, Mastercard, American Express, and Discover Network Cards.
• An appointment will be automatically canceled if the credit or debit card is declined. Only a candidate is responsible for scheduling another test appointment with a valid payment.
• If anyone uses a stolen or fraudulent credit or debit card, the registration will be canceled. Any of the candidate’s previous scores may also be canceled. The Graduate Management Admission Council may notify schools and law enforcement authorities.
• A candidate may be barred from taking further examinations or requesting more score reports if they incorrectly challenge or dispute the fee with the credit card company.

Cashier’s Checks, Money Orders, and Personal Checks

When paying for the GMAT exam by cashier check, money order, or personal check, one should consider the following:

• The payment must be sent to Pearson VUE-GMAT in US dollars, drawn on a US bank, and for the entire sum, including any relevant taxes.
• The current date should be listed.
• Have the appropriate signature (s).
• Have the bank's name and location pre-printed on the check's face.

If the check is returned due to insufficient funds, Pearson VUE may deduct a service fee from the candidate’s account electronically, and their appointment will be canceled. 

Candidates are responsible for scheduling another test appointment with a valid payment.

Now that you have a fair understanding of the GMAT Focus Edition fee in India, you must start mapping your preparation strategy to get a high GMAT score. 

Ensure you are aligned with the GMAT 2024 syllabus.

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