When considering studying for and taking the GMAT in India, it's essential to plan financially for every aspect of the exam. As of the latest updates, the registration fee for the GMAT in India is approximately $250 USD, which equates to around ₹20,000, depending on the current exchange rate. This primary cost is just the beginning; there are additional expenses to consider which can affect your overall budget.
Firstly, most candidates opt for supplementary preparation materials or coaching classes. The cost for these can vary significantly based on the provider and the comprehensiveness of the material.
Typically, a well-rounded GMAT preparation course can range anywhere from ₹15,000 to ₹35,000. Personalized tutoring is another option, though it tends to be more expensive, potentially adding several thousand rupees to your total cost.
Furthermore, if you need to retake the GMAT to improve your score, remember that each attempt will incur the same registration fee. Additionally, there are charges for sending your score reports to more than five universities, costing about $35 per additional institution. It's also wise to consider indirect costs such as travel, accommodation if you need to stay overnight near the test center, and perhaps even the opportunity cost of time spent studying versus working.
Therefore, a realistic budget for taking the GMAT should include these potential expenses, ensuring that you are fully prepared for the financial commitment required. Planning ahead and researching various prep resources can help optimize your spending and make your GMAT journey as cost-effective as possible.
The GMAT fee in India is nearly ~INR 22,800 (USD 275) for the GMAT exam taken at a test centre and nearly ~INR 24,600 (USD 300) for the online GMAT exam. In addition, if you want to reschedule your GMAT exam or want to cancel it, you will have to pay a certain fee.
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In India, the GMAT exam fee dances around $275 (approximately INR 22,582.56). But wait, there’s more!
Online Exam Option: If you prefer the digital stage, the online GMAT costs a tad more—$300 (around INR 24,635.52). Why the difference? Well, think of it as the VIP pass to your virtual test center.
Consider, If you need to change your test date, there’s a fee. For test centers, it’s like $55–$165 (that’s INR 4,516.51–INR 13,549.54). Online? Add a few bucks. Sometimes plans unravel. If you cancel more than 14 days before your appointment, you’ll get a refund—$55–$60 (around INR 4,516.51–INR 4,927.10). If you want to send your scores to multiple business schools? Each extra score report costs $35 (approximately INR 2,874.14).
The GMAT (Graduate Management Admission Test) is a standardized test commonly used for admission to business schools. If you're planning to take the GMAT in India, it's important to know the associated costs.
As of now, the cost to take the GMAT in India is $275. This fee is for the exam itself and is required at the time of registration. The payment can be made using a credit card, debit card, or other acceptable forms of payment listed on the official GMAT website.
In addition to the test fee, there might be additional costs to consider. For instance, if you need to reschedule your exam, there is a fee associated with that. If you reschedule more than seven days before your original test date, the fee is $55. However, if you reschedule within seven days of the test date, the fee is $150. Canceling your exam more than seven days before the test date costs $80, but if you cancel within seven days, you'll only receive a partial refund of $55.
Another potential cost is related to sending your GMAT scores to business schools. When you register for the GMAT, you can send your scores to up to five programs for free. If you need to send your scores to additional schools, there is a fee of $35 per school.
There are also optional services, like the GMAT Enhanced Score Report, which provides detailed insights into your performance for $30. Additionally, if you want to review your official GMAT exam questions after the test, the GMAT Official Practice Exams are available for purchase.
To summarize, while the basic fee for taking the GMAT in India is $275, you should budget for potential additional costs related to rescheduling, canceling, and sending scores to schools. Make sure to check the official GMAT website for the most current information and any possible changes in fees.