The GMAT exam opens doors to prestigious graduate management programs worldwide, but understanding the associated fees is crucial for budgeting and planning effectively. Let’s delve into the details:
Main Fee Components:
- Registration Fee:
- Test Center: $275 USD (subject to change based on currency fluctuations)
- Online Exam: $300 USD (subject to change based on currency fluctuations)
- Reschedule Fee: $100 USD (applicable if reschedule occurs at least 7 days before the original test date)
- Cancellation Fee: $100 USD (applicable if cancellation occurs at least 7 days before the original test date)
- Reinstatement Fee: $150 USD (applicable if cancellation occurs less than 7 days before the original test date)
- Score Report Sending Fee: Varies depending on destination and delivery method (standard or expedited)
Important Notes:
- All fees are non-refundable, except for the registration fee if you cancel your test at least 6 days before the scheduled date.
- You can only reschedule or cancel your exam online through your GMAT account.
- Fees may vary depending on your location and currency exchange rates.
Booking and Payment Modes:
- Booking: Register for the GMAT exam online through the official MBA.com website. Select your preferred test date, location (test center or online), and confirm your registration.
- Payment Modes: You can pay using credit cards (Visa, MasterCard, American Express, Discover), debit cards, or bank transfers (availability in select countries).
Additional Fees:
- Score Verification Service: $40 USD per request
- Quantitative and Verbal Score Interpretation Reports: $30 USD each
- Official Guide for the GMAT exam: Varies depending on format (physical book, online access)
Tips for Managing Fees:
- Plan early: Register for the test well in advance to avoid late fees associated with rescheduling or cancellation.
- Explore testing options: If budget is a concern, consider the online GMAT exam, which might be slightly cheaper than the test center format.
- Seek financial aid: Check if your employer or educational institution offers any GMAT exam fee assistance programs.
Remember: By understanding the GMAT exam fees and utilizing available resources, you can plan your journey to graduate management studies efficiently and minimize financial surprises.
Disclaimer: This information is accurate as of February 8, 2024. Always check the official GMAT website (https://www.mba.com/exams/gmat-exam/register/exam-payment) for the latest fee structure and updates.