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10 June 2024

8 minutes read

GMAT exam fees 2024 – exam date , cancellation fee , rescheduling fee 

Key Takeaways

  • To register for the GMAT, create an account on the official GMAT website, choose a test date and location, and pay the exam fee using accepted payment methods like credit/debit cards, checks, or bank transfers.
  • Candidates must be at least 18 years old, with no specific educational qualifications required. Valid government-issued ID is necessary to take the test.
  • GMAT fee waivers are available through business schools for candidates who can demonstrate financial need.
  • The GMAT exam costs $275 for in-person tests and $300 for the online version in India.

GMAT (Graduate Management Admission Test) is a standardized exam designed to measure skills essential for success in business school, such as analytical writing, quantitative reasoning, and verbal reasoning. It is a critical part of the application process for many MBA programs worldwide. The GMAT serves as a benchmark to compare candidates from diverse backgrounds, helping admission committees assess academic potential and readiness for the rigorous curriculum. High GMAT scores can also enhance scholarship opportunities, making it an important factor for students aiming to pursue MBA studies abroad.

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GMAT Eligibility

Understanding the below criteria is essential for anyone planning to take the GMAT, ensuring they meet all necessary requirements before scheduling their test.

Age Requirement: Candidates must be at least 18 years old to take the GMAT. However, those aged 13-17 can take the test with parental or guardian consent.

Educational Qualification: There is no specific educational qualification required to sit for the GMAT. It is typically taken by individuals who have completed or are in the final year of their undergraduate studies.

ID Requirements: Test-takers must present a valid, government-issued ID (like a passport or driver’s license) that matches the name used during registration.

Frequency of Attempts: The GMAT can be taken up to five times within a 12-month period, with a minimum gap of 16 days between attempts. There is also a lifetime limit of eight attempts.

Special Conditions: There are no strict limitations based on nationality, gender, or professional background. The GMAT is accessible globally and welcomes candidates from various fields aiming to pursue graduate management education.

Know the eligibility requirements and beat the GMAT by following all essential strategies .

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How to Register for the GMAT?

The below steps shows the procedure to register for the GMAT exam . It is necessary to know the importance of GMAT exam before you register yourself for it .

Step 1: Create an Account

  1. Visit the official GMAT website.
  2. Create an account by providing your personal information, including name, email, and contact details.
  3. Verify your email to activate the account.

Step 2: Log In and Start Registration

  1. Log in to your GMAT account.
  2. Navigate to the “Register for the GMAT Exam” section.
  3. Fill in the required information about your education, work experience, and test preferences.

Step 3: Choose Your Test Date and Location

  1. Use the search tool to find a convenient GMAT test centre.
  2. Select a test date and time that suits your schedule.
  3. Ensure you are aware of the test centre GMAT policies and procedures.

Step 4: Review and Submit

  1. Review all the information you have entered to make sure it is accurate.
  2. Confirm your test date, time, and location.
  3. Submit your registration.
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Step 5: Pay the Exam Fee

  1. Pay the registration fee using a credit or debit card.
  2. Once the payment is processed, you will receive a confirmation email with details about your GMAT exam.

Step 6: Prepare for Test Day

  1. Know about the GMAT exam format and what to expect on test day.
  2. Gather necessary documents, such as a valid ID, to bring to the GMAT test centre.
  3. Arrive at the test centre GMAT location at least 30 minutes early to complete check-in procedures.

GMAT Exam Dates 2024

The GMAT exam is available throughout the year, both at test centres and as an online exam. One should have a thorough time-table for themself to clear GMAT . Enrolling in one of the best GMAT online coaching institutes may help you in your GMAT journey . Below is a table with the GMAT exam dates for 2024:

MonthIn-Person GMAT Exam DatesOnline GMAT Exam AvailabilityRegistration Deadline
January5, 12, 19, 26Available all month2 weeks before exam
February2, 9, 16, 23Available all month2 weeks before exam
March1, 8, 15, 22, 29Available all month2 weeks before exam
April5, 12, 19, 26Available all month2 weeks before exam
May3, 10, 17, 24, 31Available all month2 weeks before exam
June7, 14, 21, 28Available all month2 weeks before exam
July5, 12, 19, 26Available all month2 weeks before exam
August2, 9, 16, 23, 30Available all month2 weeks before exam
September6, 13, 20, 27Available all month2 weeks before exam
October4, 11, 18, 25Available all month2 weeks before exam
November1, 8, 15, 22, 29Available all month2 weeks before exam
December6, 13, 20, 27Available all month2 weeks before exam

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GMAT Exam Fees 2024 in India?

For Indian students planning to take the GMAT exam in 2024, it’s crucial to understand the various fees and costs associated with the GMAT. Here’s a detailed breakdown:

GMAT Registration Fee:

  • In-Person Test Centre: $275 (approximately ₹22,930)
  • Online GMAT Exam: $300 (approximately ₹25,010)

GMAT Rescheduling fee

The below table shows the rescheduling fee to be paid at a test centre and through online mode , if in case you wanted to reschedule the GMAT .

Time Before Scheduled TestRescheduling Fee (Test Centre)Rescheduling Fee (Online)
More than 60 days$55 (₹4,592.47)$60 (₹5,009.96)
15 to 60 days$110 (₹9,184.93)$120 (₹10,019.93)
Within 14 days$165 (₹13,777.40)$180 (₹15,029.89)

GMAT Cancellation fee

The below table shows the cancellation fee to be paid at a test centre manually and through online mode . 

Time Before Scheduled TestCancellation Fee (Test Centre)Cancellation Fee (Online)
More than 60 days$110 refund (₹9,184.93)$120 refund (₹10,019.93)
15 to 60 days$80 refund (₹6,679.95)$90 refund (₹7,514.95)
Within 14 days$55 refund (₹4,592.47)$60 refund (₹5,009.96)

How to Register and Pay the Fees?

  1. Visit the Official Website: Go to the official GMAT website managed by the Graduate Management Admission Council (GMAC).
  2. Plan Their GMAT: Select your preferred test date and test centre, or choose to take the online GMAT exam.
  3. Complete Registration: Enter all required information and proceed to the payment section.
  4. Pay the Fees: Pay the GMAT exam registration fee using a credit or debit card. Ensure all details are correct before confirming your payment.
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After successfully registering for the exam , it is important that you are either guided by mentors or other online resources to crack the GMAT .

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What are the Accepted Modes of Payment?

By understanding and utilizing the below mentioned accepted payment methods, candidates can ensure a smooth and successful registration process for their GMAT test appointment. This allows them to focus on their GMAT preparation without worrying about administrative issues.

1. Credit and Debit Cards

  • The most commonly accepted mode of payment for the GMAT test fee includes major credit and debit cards such as VISA, MasterCard, American Express, and Discover Network Cards.
  • Ensure you have sufficient funds in your account and that your card is activated for international transactions.

2. Payment via Check or Money Order

  • You can pay the GMAT test fee using a check or money order. This is a convenient option for those who prefer not to use electronic payments.
  • Make sure the check or money order is drawn on a U.S. bank and made payable to Pearson VUE-GMAT. Ensure it includes the candidate’s name and GMAT registration number.

3. Payment via Bank Transfer

  • Some test centres might accept bank transfers. This method involves transferring the GMAT test fee from your bank account to the specified account of the test administration.
  • Confirm with your chosen test centre if this option is available and check out the GMAT official website for detailed instructions on completing a bank transfer.

4. Cash Payment (In Limited Locations)

  • A few test centres may accept cash payments. However, this is less common and varies by location.
  • Contact your GMAT test centres in advance to verify if cash payments are accepted and plan your GMAT preparation accordingly.

How to Ensure a Successful Payment

  1. Check Payment Options: Before registering, review the accepted payment methods on the official GMAT website or contact the test centre directly.
  2. Confirm Payment Details: Double-check all payment details before submission to avoid any errors that could lead to invalid payment.
  3. Keep Records: Save all payment confirmations and receipts for your records and future reference.

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GMAT fee waivers 

GMAT fee waivers are available to help reduce the financial burden on candidates who may not be able to afford the exam fees. These waivers cover the cost of the GMAT test and, in some cases, additional services like score reporting.

1. Requesting a Fee Waiver:

  • Candidates seeking a fee waiver must typically apply through the business schools they are interested in. The schools then request the waiver on behalf of the student from the Graduate Management Admission Council (GMAC).
  • Contact the admissions office of the schools that accept GMAT scores and express your need for financial assistance to cover the official GMAT exam fees.

2. Documentation and Proof:

  • Most schools will require you to provide documentation proving your financial need. This might include financial statements, tax returns, or other evidence of your economic situation.
  • Schools assess the requests individually and decide whether to approve them based on their criteria and available waivers.
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Benefits of Fee Waivers

1. Coverage:

  • Exam fee waivers typically cover the full cost of the GMAT test fee, which can be significant savings for candidates.
  • Some waivers might also cover additional costs such as rescheduling fees or the cost of sending an additional GMAT score report to schools.

2. Access to Resources:

  • Fee waivers can also grant access to preparation materials and resources, ensuring that financial constraints do not hinder your ability to prepare for the GMAT online or in-person exams.

How to Use the Fee Waiver?

1. Registering for the GMAT:

  • Once you have received a fee waiver, you will need to follow the specific instructions provided by the GMAC or the business school to register for the GMAT without paying the fee upfront.
  • The fee waiver code or approval must be entered during the registration process on the GMAT official website.

2. Scheduling the Test:

  • Use the fee waiver to schedule your test at a convenient date and location. Ensure you adhere to any deadlines or specific conditions attached to the waiver.

GMAT Exam cost

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Understanding the GMAT exam costs in the UK, USA, Australia, and Canada helps prospective students budget accordingly. Despite regional differences in currency, the fee is relatively standardized, allowing candidates to focus on preparing for the exam without worrying about significant cost variations.

GMAT cost in UK

  • The cost of the GMAT exam in the UK is $275. This fee covers the standard registration and allows test-takers to send their scores to up to five programs of their choice.

GMAT cost in United States (USA)

  • In the USA, the GMAT exam fee is also $275. This cost includes the ability to take the test at any of the numerous test centers across the country or via the online format.

GMAT cost in Australia

  • The GMAT exam fee in Australia is AUD 250, which is approximately $350 USD. This fee encompasses both the in-person and online test formats, providing flexibility for candidates.

GMAT cost in Canada

  • In Canada, the GMAT exam costs $275 USD. Similar to other regions, this fee includes sending scores to up to five business schools or programs and offers the option to take the exam either in-person at a test centre or online.

Conclusion

Understanding the GMAT examination process, including exam costs, fee waivers, and registration steps, is crucial for aspiring MBA students. The GMAT exam pattern tests analytical, quantitative, and verbal reasoning skills, making it an essential component of business school applications. Fee waivers can help reduce financial burdens, allowing candidates to prepare for the exam without stress over costs. Utilizing resources such as GMAT mock tests and thorough preparation can enhance your performance and its even possible to complete the GMAT preparation in 2 months . Ensuring valid payment methods and adhering to cancellation and rescheduling policies will help manage the entire GMAT experience smoothly and efficiently.

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FAQs

How can I ensure a successful payment for my GMAT exam?

To ensure a successful payment:
1. Check the accepted payment methods on the official GMAT website.
2. Confirm all payment details before submission to avoid errors.
3. Save all payment confirmations and receipts for your records and future reference.

What are GMAT fee waivers and how can I apply for them?

GMAT fee waivers help reduce the financial burden on candidates who may not be able to afford the exam fees. To apply for a fee waiver, candidates must:
1. Apply through the business schools they are interested in.
2. Provide documentation proving financial need.
3. Contact the admissions office of the schools that accept GMAT scores for assistance.

How often can I take the GMAT exam?

You can take the GMAT up to five times within a 12-month period, with a minimum gap of 16 days between attempts. There is also a lifetime limit of eight attempts.

What documents are required for GMAT registration?

You need a valid, government-issued ID (such as a passport or driver’s license) that matches the name used during registration. Additionally, you might need financial documentation if you are seeking a fee waiver.

What is the cost of the GMAT exam in India for 2024?

The GMAT exam fee in India for 2024 is $275 (approximately ₹22,930) for the in-person test and $300 (approximately ₹25,010) for the online exam.

What documents are required for GMAT registration?

You need a valid, government-issued ID (such as a passport or driver’s license) that matches the name used during registration. Additionally, you might need financial documentation if you are seeking a fee waiver.

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