GMAT Exam Fees in India: How Much is the Fees for GMAT ExamUpdated on 27 April, 2022
Study Abroad Expert
Study Abroad Expert
GMAT or Graduate Management Admission Test is a standard entrance examination students take to get admission in top-ranked business schools. Graduate Management Admission Council conducts it. It is a compulsory entrance test required by global management schools to grant admissions to MBA programs. It is a 3 hours 7 minutes examination with four test sections, analytical writing assessment, integrated reasoning, quantitative reasoning, and verbal reasoning.
The registration fee for the GMAT examination is $250 for most of the countries, and for India, it is INR 18500. It is highly recommended that students prepare well for the test to avoid multiple attempts.
According to GMAC, strict guidelines are followed for cancellation and refund policy for GMAT exam fees. This is why students need to choose and book the test slot carefully. Candidates cannot cancel or modify the GMAT examination within 24 hours of the examination. Here's the complete insight into the GMAT exam cancellation and the refund fees:
|Cancellation time frame||Refund amount||Cancellation fee|
|1-14 days before the test||$50 (INR 3720)||$200 (INR 14881)|
|15-60 days before test appointment||$75 (INR 5580)||$175 (INR 13021)|
|More than 60 days before the test||$100 (INR 7440)||$150 (INR 11160)|
Students can reschedule their test date by paying the additional fees as below:
|Reschedule time frame||Rescheduling fees|
|1 to 14 days before the appointment||$150 (INR 11160)|
|15 to 60 days before the appointment||$100 (INR 7440)|
|More than 60 days||$50 (INR 3720)|
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Yes, GMAC offers discounts and GMAT fee waivers for economically backwards candidates. It helps many financially weak students to take the GMAT examination for free or at a discounted rate.
Students can apply for a GMAT fee waiver through the undergraduate school or MBA program they have applied for. Before applying, they should confirm whether the B- school offers a fee waiver program or not.
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