How Much Does the GMAT Cost? A Guide to GMAT Exam Fees

Getting into and going to graduate school is pricey, and there’s no denying that the GMAT cost of $250 is an added expense. GMAT exam fees are hefty, and more expensive than many similar standardized exams (except the MCAT…). Furthermore, the actual GMAT cost is not the only fee you have to consider. Most test-takers purchase some sort of practice materials, and many students even take the exam more than once. No doubt about it, paying GMAT exam fees will impact your wallet. In this post, we’ll go over what fees you can expect to pay and how to minimize the cost of taking the GMAT.

An Overview of GMAT Exam Fees

Before we get into any more detail, let’s look at how much the GMAT might cost you. (NOTE: This table applies to most of the world, but not to Europe. In Europe, GMAT scheduling and other GMAT fees can vary a little bit from the costs in the table below.

Scheduling fee (U.S. and Canada$275
Scheduling fee (US Overseas Territories, most other countries)$250
Rescheduling fee (more than 60 days out)$50
Rescheduling fee (15-60 days out)$100
Rescheduling fee (within 14 days of the exam)$150
Cancellation refund (15-60 days out)$100 refund
Cancellation refund (15-60 days out)$75 refund
Cancellation refund (within 14 days of the exam)$50 refund
Additional score report$35

With that in mind, let’s take a look at some of these GMAT costs in more detail. Skip ahead to a section by selecting a GMAT cost or GMAT score report section from the navigation table below, or keep scrolling down to review all information.

The GMAT Costs $250-$300

As seen in the table above, the GMAT costs $250-$275. While the fees can vary a bit in Europe, you’ll only find three different possible fees in European countries. In the United Kingdom, the fee is £225. In most other European countries, you’ll pay a fee of either €250 or $285, but there are some European countries that charge the “global” $250 fee as well. Needless to say, other secondary GMAT fees (score reporting, cancellation, etc.) can also vary in Europe. And of course, local taxes can also vary in any country. See the official GMAT Location Specific Pricing & Regulations page for more information.
 
Note, however, that if you choose to pay by phone you will be charged an additional $10 or so (again, fees can vary in Europe, especially when a currency other than USD is in play). So, if you have easy access to the internet, register online!
 
GMAT cost

 

Rescheduling and Cancellation Fees

The $250-$300 base fee gives you one administration of the exam. GMAC, however, will add to your GMAT cost if you choose to do something like reschedule your exam. In most of the world, rescheduling costs $50 if you reschedule your exam at least 60 days days before your scheduled test, $100 if you cancel 15-60 days in advance, and $150 if you . If you cancel, test-takers around the world typically get a refund of $150 (more 60 than days notice), $100 (15-60 days notice), or $50 (less than two days notice). This refund comes from your initial registration fee. (Again, different fees may apply in certain parts of Europe.)
 
If you decide to reschedule or cancel at the very last minute, you’re out of luck. You’ll be charged another full $250-$300. You also will not be entitled to a refund of your initial payment. That makes your GMAT cost essentially double—$500 for one sitting.
 
You cannot reschedule the GMAT within 24 hours of the test date. Your account history will instead register a “no-show.” Note that this will not be sent to schools in your score report, however.

 

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Score Reports and (Un-)Cancellation Fees

Besides rescheduling fees, GMAC also charges for score reports. On test day, you are given five (5) free score reports. Any more will cost you $35 each in most countries, with different pricing in various parts of Europe.

Finally, if you cancel your scores and then later decide you want to un-cancel them, the good news is that you. On the other hand, you’ll be charged a $50 reinstatement fee, possibly more in Europe.

Cost to Retake the GMAT

You may retake the GMAT once every 16 calendar days, but no more than 5 times in a rolling 12-month period (but let’s be real, taking the GMAT 5 times would not be ideal anyway). However, there are no discounts for taking the test again. Also, don’t forget that the schools you send score reports to will see all of the scores you’ve received in the past five years. Unsure if you should retake the GMAT? You can find out more about GMAT retakes here.

 

GMAT Prep Materials

While most of the GMAT cost comes from GMAC directly, you’ll also want to buy some prep materials! Keep in mind that the range of materials is enormous. A full, in-person course will run you thousands of dollars. Something more self-guided, like a GMAT study guide or online test prep could cost you less than $150. You can see some of our Magoosh plans here.

For high-quality free practice, you can also check out:


 

Grad School Tuition

If you’re hoping to attend a top-tier business school like Harvard, GMAT exam fees will just be a drop in the bucket! Always remember to put your GMAT cost in perspective. The whole point of taking the GMAT is to get into business school, after all. And that’s very expensive!

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Since B-school itself will be pricey, you might want to consider this when budgeting in your GMAT cost. If you’re concerned about expenses, you might consider planning to avoid a rescheduling fee or a retake. You should also be prepared well in advance to send in your score reports to maximize your five free ones. After all, every dollar counts!
gmat exam fees
This post was updated by Rachel Dale-Kapelke on 3/15/17, with help from Jen Nguyen.

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One Response to How Much Does the GMAT Cost? A Guide to GMAT Exam Fees

  1. Jaspreet Singh June 8, 2019 at 6:36 pm #

    Gmac is an Evil company. As per fortune.com article in 2014 , Gmac made more profit than did Apple inc. It’s shame that a non profit company could make billions and has a luxurious office space.
    Every year Gmac publishes new Gmat books in which most of the contents are same from previous years books. only 10 to 15 % new questions get added every year so that Gmac could lure students to buy its books. Seriously, my trust in humanity gets shattered when I see money hungry organisations like Gmac that put a huge price tag on the test. By the way operating a test center doesn’t cost too so much that $ 250 be charged on every student. Interestingly, as per fortune article, the CEO of Gmac earned more money than Harvard’s dean


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