If you’re planning to study abroad for an MBA, the GMAT exam is an important step in your journey. But before you register, it’s essential to understand the GMAT exam fees in India and the additional costs involved.
As a student, you may be worried about budgeting for the exam, especially if you’re already managing tuition and living expenses. In this guide, I’ll break down the GMAT exam fees in India, additional charges, and payment methods in a simple and student-friendly way. Let’s make sure you’re financially prepared for this step in your study-abroad journey!
Table of contents
GMAT Exam: Purpose and Importance
The GMAT (Graduate Management Admission Test) is a crucial exam for students who want to pursue an MBA or other business-related programs. It is designed to assess a student’s analytical, writing, quantitative, verbal, and reading skills. Business schools worldwide use GMAT scores to evaluate applicants and determine their readiness for advanced studies.
Why is the GMAT Exam Important?
The GMAT exam has its own importance, which the students should know about. Here, we have listed the importance of the GMAT exam and why students opt for this examination.
- For MBA Admissions – The GMAT is required for admission to top business schools worldwide. A high score increases your chances of getting into a prestigious university.
- Tests Your Skills – The exam evaluates your reasoning, analytical, and writing skills, ensuring you are prepared for the rigorous coursework of an MBA.
- Accepted Globally – Over 2,300 universities and 7,000 programs accept GMAT scores, making it a widely recognized test for business education.
- Helps in Scholarships – A high GMAT score can improve your chances of receiving financial aid and scholarships, reducing the overall cost of your education.
- Career Advantage – Many recruiters value GMAT scores during job placements, especially in fields like consulting, finance, and management.
GMAT Exam Fees in India
The basic GMAT exam fee in India is 275 USD, which is around INR 22,900 depending on the exchange rate. These costs may vary based on the exchange rate, so always check the official GMAT website before making payments. Here’s a breakdown of the different costs:
| GMAT Fee Type | Cost (in USD) | Approx. Cost (in INR) |
| GMAT Exam Fee | USD 275 | INR 22,900 |
| Rescheduling Fee (More than 60 days before the exam) | USD 55 | INR 4,500 |
| Rescheduling Fee (15-60 days before exam) | USD 110 | INR 9,100 |
| Rescheduling Fee (1-14 days before exam) | USD 165 | INR 13,600 |
| Cancellation Fee (More than 60 days before the exam) | Refund of USD 110 | Refund of INR 9,100 |
| Cancellation Fee (15-60 days before exam) | Refund of USD 80 | Refund of INR 6,600 |
| Cancellation Fee (1-14 days before exam) | Refund of USD 55 | Refund of INR 4,500 |
| Additional Score Report | USD 35 per report | INR 2,900 per report |
| Enhanced Score Report | USD 30 | INR 2,500 |
| AWA Essay Rescoring | USD 45 | INR 3,700 |
Also Read:
- Is GMAT a Tough Exam? Understand the Format, Challenges & Prep Tips
- MBA Abroad: A Complete Guide to Studying Business Overseas
GMAT Exam Fees in India for MBA
If you’re planning to take the GMAT for MBA admissions, it’s important to understand the total cost involved. The GMAT exam fee is just one part of the expense. Other factors like score reports, rescheduling fees, and coaching costs can add to the overall amount. Proper budgeting and planning can help you manage these costs effectively.
Factors Affecting GMAT Exam Costs
There are certain factors that affect the GMAT exam costs for the candidates. You can find some of the factors below:
- Number of Score Reports – You get five free score reports, but sending additional reports to universities costs extra.
- Rescheduling or Retaking the Exam – If you need to reschedule or retake the GMAT, you’ll have to pay an additional fee.
- Coaching Fees (if applicable) – Many students opt for coaching classes, which can significantly increase the total cost.
Estimated Total Cost for MBA Aspirants
Look at the table below for the estimated total cost for MBA aspirants. These numbers are likely to change, so make sure to check the latest data before moving forward. If you plan well, you can reduce unnecessary expenses and keep the overall cost within your budget.
| Expense | Cost (in INR) |
| GMAT Exam Fee | INR 22,900 |
| Coaching Fees (if applicable) | INR 30,000 – INR 80,000 |
| Additional Score Reports (3 reports) | INR 8,700 |
| Rescheduling Fee (if needed) | INR 9,100 – INR 13,600 |
| Total Estimated Cost | INR 40,000 – INR 1,25,000 |
GMAT Exam Fees for SC and OBC Candidates
Many Indian exams offer discounts for SC/ST/OBC candidates, but unfortunately, the GMAT does not have a specific fee concession for these categories. However, there are ways to reduce the cost through fee waivers, scholarships, and smart planning.
Ways to Save on GMAT Fees
The GMAT exam can be expensive, but with the right strategy, you can cut down on unnecessary costs. Here are five effective ways to save money on your GMAT fees.
1. Apply for a GMAT Fee Waiver: While GMAT does not offer direct discounts, some business schools provide fee waivers for students facing financial difficulties. Contact your target universities and inquire whether they offer a GMAT fee waiver as part of their admissions process.
2. Look for Scholarships: A high GMAT score increases your chances of getting an MBA scholarship. Many top universities offer full or partial scholarships to students with strong GMAT scores, which can significantly reduce tuition fees and overall education costs.
3. Plan Your Exam Date Wisely: The rescheduling fee for GMAT can range from INR 9,100 to INR 13,600. If you cancel the exam, you lose a portion of the fee. To avoid extra expenses, choose a test date when you are fully prepared, and make sure your schedule is free of conflicts.
4. Use Free Study Resources: Instead of investing in expensive coaching classes, take advantage of free GMAT study resources like the following:
- GMAT Official Starter Kit (Includes free practice questions).
- Free GMAT mock tests on various platforms.
- Online study groups that share free preparation materials.
5. Retake the Exam Only If Necessary: Each GMAT retake costs INR 22,900, so avoid multiple attempts by preparing well for the first attempt. Use practice tests to assess your readiness before registering for the exam. If needed, wait a few extra weeks and strengthen your weak areas before booking the test.
GMAT Exam Fees Payment Methods in India
Once you’ve decided to take the GMAT exam, the next step is paying the exam fee. The GMAT exam fee in India is USD 275 (INR 22,900 approx.), and you need to make the payment online while registering.
If you’re unsure about the payment methods, don’t worry! Here’s a simple breakdown of the different ways you can pay for the GMAT exam in India.
1. Credit Card / Debit Card: You can use Visa, Mastercard, or American Express to pay the GMAT fee. Most Indian banks issue international debit and credit cards, so make sure your card is enabled for international transactions before making the payment.
2. Net Banking: Some students prefer net banking because it’s safe and easy to use. If your bank supports international transactions, you can pay directly from your account.
Important: Not all Indian banks allow direct USD payments, so check with your bank before selecting this option.
3. UPI / Mobile Wallets: Some international portals now accept UPI (Google Pay, PhonePe, Paytm) or mobile wallets for payments. However, this option may not always be available for GMAT. Before choosing this method, check the GMAT registration portal for supported payment options.
4. International Payment Cards: If you have an international forex card or a dollar-denominated credit/debit card, you can use it to pay your GMAT fees. Many students who travel abroad for studies or work already have a Forex card, which can be a convenient option.
5. What If I Don’t Have an International Card?
Many students face this issue because Indian debit/credit cards often have restrictions on international transactions. If you don’t have an international card, here’s what you can do:
- Ask a family member or friend who has an international card to make the payment for you.
- Use a Forex card if you or your family members have one.
- Check with your bank to enable international transactions on your debit/credit card.
Tip: Always double-check your payment confirmation after registering. If there’s an issue, contact GMAT customer support immediately.
Also Read:
GMAT Exam Fees in India vs Other Countries
If you’re planning to take the GMAT exam, it’s important to understand how the fees vary across different countries. While the GMAT exam fee is standardised at USD 275 worldwide, the amount you pay in your local currency depends on the exchange rate. This means that students in different countries may experience variations in the final cost of the exam. Here is the breakdown of the GMAT exam fees comparison.
| Country | GMAT Exam Fee (USD) | Approx. Fee in Local Currency |
| India | USD 275 | INR 22,900 |
| USA | USD 275 | USD 275 |
| UK | USD 275 | GBP 215 |
| Canada | USD 275 | CAD 375 |
| Australia | USD 275 | AUD 430 |
Key Points to Consider:
- Standard Fee Worldwide – The GMAT fee is fixed at USD 275 for all countries, but the amount in local currency changes due to exchange rates.
- Exchange Rate Impact – Countries with weaker currencies pay higher amounts when converted from USD. For instance, students in India pay around INR 22,900, depending on the latest exchange rates.
- Additional Costs – Apart from the registration fee, students should also consider costs for rescheduling, additional score reports, and coaching.
- Financial Planning – Since the GMAT fee is high, planning ahead and looking for scholarships or fee waivers can help reduce expenses.
Is GMAT Worth the Investment?
If you’re planning to pursue an MBA from a top university, you might be wondering if the GMAT exam is worth the cost. The exam fee, preparation costs, and application fees can add up, but the long-term benefits make it a smart investment. Here’s why:
1. Boosts Your MBA Application: A strong GMAT score makes your MBA application stand out. Most top business schools in the U.S., Canada, Europe, and Asia consider GMAT scores as a key factor for admission. A high score improves your chances of getting into prestigious universities, making it easier to secure a seat in a top program.
2. Higher Salary Potential: Earning an MBA from a top-ranked university can lead to higher salary packages. Many companies offer better pay to graduates from prestigious institutions. Investing in the GMAT today can lead to higher earnings in the future, making it financially rewarding.
3. Better Job Opportunities: Many multinational companies, consulting firms, and financial institutions prefer MBA graduates from top-ranked B-schools. A strong GMAT score can help you get into these top programs, leading to better career growth, promotions, and leadership roles in the future.
4. Scholarships Available: Many business schools offer scholarships based on GMAT scores. If you score 700+, you may qualify for tuition fee waivers or financial aid. This can significantly reduce your study expenses, making an MBA more affordable.
5. Long-Term Benefits Outweigh the Cost: While the GMAT exam fee may seem expensive, it is a one-time investment that can open doors to a high-paying career. If you get into a top university, your salary growth, career opportunities, and global exposure will make the initial cost worth it.
Final Tips for GMAT Aspirants
Preparing for the GMAT exam requires strategy and discipline. By following certain tips, you can boost your GMAT score and increase your chances of admission to top business schools worldwide. Here are some final tips to help you succeed:
1. Start Early and Follow a Study Plan: The GMAT is a challenging exam, so start preparing at least 3–6 months in advance. Create a structured study plan covering all sections—Quantitative, Verbal, Integrated Reasoning, and Analytical Writing.
2. Use Official GMAT Study Materials: The GMAT Official Guide and GMAT Prep Software provide the most accurate practice questions. These resources help you understand the test format and question types.
3. Take Mock Tests and Analyse Mistakes: Regular mock tests help track progress and improve time management. Review mistakes carefully to identify weak areas and adjust your study plan accordingly.
4. Manage Time Effectively During the Exam: Time management is crucial. Avoid spending too long on a single question. If you’re stuck, make an educated guess and move on to maximize your score.
5. Stay Calm and Confident: Exam stress can affect performance. Practice relaxation techniques like deep breathing before the test. Stay confident in your preparation and trust your abilities.
The GMAT exam fees in India are a significant expense, but proper planning can help you save money. If you’re aiming for a top MBA, consider this an investment in your future. Prepare well, check for scholarships, and make sure you’re financially ready before registering.
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FAQs
The GMAT exam fee in India is USD 275 (approx. INR 22,800). The price may vary based on exchange rates.
Yes, additional charges apply for rescheduling, score reports, and cancellations. Rescheduling costs USD 55-USD 165, and additional score reports cost USD 35 per school.
No, the GMAT fee is charged in USD (USD 275). Your bank will convert the amount to INR based on the exchange rate at the time of payment.
You can pay using credit/debit cards (Visa, MasterCard, American Express), net banking, or PayPal. Some banks may charge a foreign transaction fee.
If you cancel your exam more than 60 days before the test date, you get a USD 110 refund. Cancelling 1-14 days before the exam gives you only USD 55 back.
Yes, the GMAT exam fee covers all four sections: Analytical Writing, Integrated Reasoning, Quantitative, and Verbal.
No, there are no direct discounts. However, some universities provide GMAT fee waivers to students applying for scholarships.
No, the GMAT exam fee in India is the same for all test-takers. However, fee assistance programs are available for students facing financial difficulties.
No, there is no late fee. However, slots fill up quickly, so it’s best to book your exam at least 2-3 months in advance.
Your GMAT fee includes five free score reports. If you need to send scores to additional schools, it costs USD 35 per institution.
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