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How Much Are GMAT Fees In India?

gmat fees india

The GMAT Cost is the Same Worldwide (sort of)

What is the cost of the GMAT? Well, in theory, the cost is universal across the world. The Graduate Management Admissions Council sets a global price of $250 USD. The problem? That price is set in the currency of just one country.

GMAT Fees In Different Countries

GMAT fees in different countries are close to the GMAC’s $250 USD price. However, this price can vary, thanks to changes in currency exchange rates. Paying for the GMAT when living outside the United States can be somewhat confusing, as prices are only listed in USD.

Below, we look at GMAT fees in India in terms of the rupee (₹). (Note that this post was written in November 2016 using an exchange rate of $1 = ₹68.2)

The Minimum GMAT Fee in India

At minimum, everyone taking the GMAT will have to pay $250 USD, or roughly ₹17,000, to reserve a seat at a testing center. Test centers are available in 26 cities in India. To find a testing center near you, click here.

GMAT Fee Waivers

If paying the registration fee is going to cause you noticeable financial pressure, you should contact the admissions department of schools you’ll be applying to. Colleges that participate in the GMAT Fee Waiver program will allow a limited number of students to take the GMAT at no cost (based on financial need).

Rescheduling Fees

After your initial registration, you may have to deal with some additional fees. If you discover you need to reschedule your test date, make sure you take care of it as soon as possible. As long as you reschedule more than 7 days from your original date, you’ll only need to pay ~₹3,400 ($50). However, attempting to reschedule within 7 days of your original date will cost an additional ~₹17,000 ($250).

Cancellation Fees

Likewise, if you need to cancel your registration, make sure you do so as early as possible! Cancelling more than 7 days out will net you a ~₹5450 ($80) refund (not much, but it’s better than nothing!). There will be no refunds for cancellations within 7 days of the scheduled test date (ouch!).

Additional Score Reports

On your test day, you will be able to send your score reports to five institutions without any extra charges. If you need to request any additional score reports, expect to pay ~₹1900 ($28) per report. So if you need two additional reports, you’ll have to pay ~₹3800.

Students interested in retaking the exam may want to purchase an Enhanced Score Report (ESR) for themselves, which contains detailed information about each subsection of the test. The fee for the ESR is ~₹1700 ($25).

For information concerning the overall scoring trends of test takers from India, check out this blog post about GMAT scores in India.

How To Pay

The easiest way to pay for the GMAT is by using a credit card online. If you plan on using a debit card, please note the following potential complication (as mentioned on MBA.com) that may occur:

“In India some banks will not allow the debit cards to be used on the internet unless the merchant participates in Verified by Visa or MasterCard Secure Code. This requires that the customer enter a pin number. We do not participate in this program. Please contact your bank for assistance. Some banks may be willing to issue their customers a special onetime use card or lift the pin restriction so you can use it on our web site.”

As you can tell, GMAT fees in India (and elsewhere) are definitely not insignificant! Make sure you choose your initial test date wisely so that you have enough time to study as you reach for your target GMAT score.

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