Latest update:GMAC's fee waiver program allows schools to request up to 10 GMAT fee waivers per year for economically disadvantaged candidates. Eligible institutions must receive a minimum of 25 official GMAT score reports within 12 months to qualify for these waivers.
The GMAT (Graduate Management Admission Test)is a crucial step for MBA aspirants worldwide. Understanding the exam fee helps in effective planning. As of 2025, the standard GMAT registration fee is $275 (approx. ₹24,000), which covers the test and sending scores to up to five business schools. Additional costs include rescheduling fees ($50–$150 / ₹4,400–₹13,200) and extra score reports ($35 / ₹3,000 per report).
According to GMAC data, over 200,000 candidates take the GMAT annually, making early budgeting essential to avoid last-minute surprises. Knowing the fee structure also helps aspirants plan for preparation courses, study materials, and practice tests.
By understanding the costs in USD and INR, candidates can budget effectively, reduce financial stress, and focus entirely on achieving a competitive score for top MBA programs globally.
The GMAT exam fee in 2025 depends on the mode of exam delivery and your location. As of the latest update, the cost is:
Test Center GMAT Exam Fee: $275 (approximately ₹23,000 in India).
Online GMAT Exam Fee: $300 (approximately ₹25,000 in India).
The price remains the same everywhere, but the amount in INR changes because of the fluctuation of the exchange rate and the conversion fee of the bank. Applicants are advised to validate the up-to-date fee schedule on mba.com prior to making their test appointment.
Other than the registration fee, students are expected to incur additional costs in rescheduling, cancellation, and sending additional score reports. These can really add up in terms of total cost to take the GMAT, and if you apply to multiple schools.
What is the GMAT Exam Fee in India?
For Indian test-takers, the GMAT exam fee in India for 2025 is as follows:
$275 (approx. ₹23,000) – when booked at a physical test center.
$300 (approx. ₹25,000) – when taken as the online version of GMAT.
Since payment is processed in USD, the final fee charged in INR may be slightly higher depending on exchange rates and transaction charges by banks or credit card providers.
In addition to the regular GMAT exam fee for 2025, learners are likely to be charged for reserving, denying, or requesting a score report.
This is the breakdown of USD along with an approximate INR value:
GMAT Rescheduling Fees 2025
Time Before Test Date
Test Center Fee
Online GMAT Fee
60+ days
$55 (≈ ₹4,600)
$60 (≈ ₹5,000)
15–60 days
$110 (≈ ₹9,200)
$120 (≈ ₹10,000)
14 days or less
$165 (≈ ₹13,700)
$180 (≈ ₹15,000)
GMAT Cancellation Fees
Cancelling more than 60 days before the test gives a partial refund (around 50%).
Cancelling between 15–60 days before reduces the refund amount.
Cancelling within 14 days usually gives no refund.
Refunds are processed in USD, so INR amounts depend on exchange rates.
Score Report Fees
First 5 universities: Free if selected within 48 hours of the test.
Additional score reports: $35 (~₹2,900) per school.
Most schools accept electronic reports, which are faster than paper copies.
How much does it cost to reschedule or cancel the GMAT exam?
The expenses of rescheduling or canceling the GMAT vary according to the timing of the change. The earlier you reschedule, the lower the fee. Cancellation leads to a partial refund, and cancellation at the last minute might cause the loss of most of the exam fee.
Is there a fee for sending GMAT scores to universities?
Yes, while the first 5 schools are free (if chosen within 48 hours of the exam), any additional report costs $35 (~₹2,900). Since most universities accept electronic reports, candidates should plan carefully which schools to include to avoid extra charges.
Purchasing the GMAT exam is easy, but one must understand the acceptable payment styles, regional limitations on payment, and additional costs. The Graduate Management Admission Council (GMAC) can accept payment either online or offline.
Accepted Payment Methods
Credit/Debit Cards: Visa, MasterCard, American Express, Discover.
PayPal: Available only in select countries.
Bank Drafts, Cashier’s Checks, or Money Orders: Must be drawn on a US bank in USD.
Phone Payments: You can register over the phone, but it costs an extra $10 (~₹830) as a service fee.
Step-by-Step Guide to Pay the GMAT Exam Fee
Go to mba.com and create a GMAC account.
Start your registration and select your preferred test type (test center or online).
Choose your exam date and time slot.
Enter your personal details (passport name, DOB, address).
Select your payment method (card, PayPal, or bank draft).
Review total fees (including reschedule/cancellation insurance if added).
Make the payment in USD.
Receive confirmation via email once payment is successful.
Can I pay the GMAT exam fee in INR?
No, you cannot directly pay in INR. GMAC processes all payments in USD only. For Indian candidates:
Banks or credit card companies automatically convert INR → USD.
Expect a small foreign transaction fee (1–3%) depending on your bank.
Example: The $275 fee may appear as ~₹23,000–₹23,500 depending on the exchange rate and charges.
What happens if my GMAT exam fee payment fails?
If your payment fails, your GMAT booking will not be confirmed. In this case:
Retry with another credit/debit card.
Make sure international transactions are enabled.
Check for sufficient credit limit or funds.
Contact GMAT Customer Service if the issue persists.
Do not wait too long; test slots may get filled if payment delays occur.
GMAT Exam Fee Waivers & Vouchers
It is also expensive to take the GMAT exam, particularly to students in countries where the dollar to a local currency transfer is more costly. GMAC, which administers the GMAT, has come up with fee waivers to make this test more affordable.
However, the important point is that you cannot apply directly to GMAC. Rather, participation waivers are disseminated by participating universities and business schools.
Key Highlights of GMAT Fee Waivers
No direct student applications: Only schools can request fee waivers on behalf of students.
University nomination limit: Each school can nominate up to 10 students per year for a waiver.
Voucher-based system: Once approved, students receive a voucher code to register for the exam at no cost.
Scholarship-linked coverage: In some cases, universities include GMAT registration fees as part of their scholarships or financial aid packages.
Complete cost coverage: A full waiver means you don’t pay the $275–$300 exam fee (₹23,000–₹25,000 approx.).
How Can I Apply for a GMAT Exam Fee Waiver?
If you are aiming to save on costs, here’s the process:
Check eligibility with your university: Contact your admissions, placement, or scholarship office to ask if they participate in the GMAC fee waiver program.
Get nominated: If eligible, your university will recommend you for a waiver (remember, only 10 students per year per school).
Receive the voucher: Once approved, you’ll get a GMAT fee waiver voucher code.
Use it during registration: Enter the voucher code at checkout on mba.com to pay zero exam fees.
How Much Can You Save with a GMAT Fee Waiver?
Below is the table highlighting the fee with or without a waiver:
Fee Type
Without Waiver
With Waiver
GMAT Test Center Fee
$275 (~₹23,000)
$0
GMAT Online Fee
$300 (~₹25,000)
$0
Additional Costs
Payable by the student
May be covered by scholarships (varies)
Troubleshooting GMAT Exam Fee Payments
Missed payments cancel out your booking, so it is critical to use a secure option and save transaction records. It is wise to be sure of the manner you are paying, that is, turn on international usage and save confirmation messages.
In a case where you miss the deadline for applying, do not hesitate to have the GMAT support team contact you as soon as possible to see how they can accommodate you.
Who do I contact if I face issues with my GMAT exam fee payment?
If your payment doesn't go through, reach out to GMAT Candidate Services in your region.
The process of preparing to take the GMAT does not only involve preparing for the exam, but also doing so economically. Although the registration fee is standardized, you can save money on other expenses through a number of tactics.
Plan your test date early: Avoid last-minute rescheduling or cancellations, which can cost up to $180 (~₹15,000).
Use the free score reports wisely: You get 5 free reports if you select schools within 48 hours of your exam. Extra reports cost $35 (~₹2,900) each.
Check for university fee waivers: Some schools cover the GMAT fee for shortlisted students as part of scholarships.
The GMAT exam fee in 2025is $275 (₹25,000) online. On top of this, you should account for extra charges like rescheduling ($55–$180), cancellations ($110–$165), and additional score reports ($35 each). These small but important costs can add up quickly if you don’t plan.
You can save by scheduling your test with confidence, taking advantage of the five free GMAT score reports, and seeing whether your college or university has a GMAT fee waiver. Don't think of it as a test fee, but rather as an investment opening the doors to the international MBA programs. Being aware of the prices guarantees that you do not waste money on something that is not helpful and prevents you from achieving the goal set: preparing to get a good score.
Want personalized help? Book a 1:1 consultation with our team to plan your prep, shortlist schools, or decide the best time to take the exam.
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The standard GMAT registration fee in India is around ₹24,000 ($275). This covers the test itself and sending scores to up to five business schools. Additional fees may apply for rescheduling, cancelling, or sending extra score reports, so planning your budget in advance is crucial.
Is a 700 GMAT score easy to achieve?
A 700 GMAT score is considered competitive and falls around the 88–90th percentile. Achieving it requires strong performance across all sections, including Quant, Verbal, and Analytical Writing. Consistent preparation, practice tests, and strategy are key to reaching this level.
How rare is a 750 GMAT?
Scoring 750 is highly uncommon and places you in the 97th percentile globally. Only a small fraction of test-takers reach this level, which reflects exceptional analytical, quantitative, and verbal skills. It significantly strengthens your MBA application.
How many attempts can I take for GMAT?
Candidates can take the GMAT up to 5 times in a year, a maximum of 8 times in consecutive years, and 12 times in a lifetime. Spacing out attempts strategically allows time for preparation, score improvement, and recovery from weaker performances.
Are there any hidden charges for GMAT?
There are no hidden charges in the GMAT fee, but additional costs can arise for rescheduling, extra score reports, or optional prep materials. Being aware of these helps avoid surprises and ensures accurate budget planning.
Can I pay the GMAT fee in INR?
Yes. Indian candidates can pay in INR, with the amount converted from USD at the prevailing exchange rate. Payment can be made via credit/debit cards or net banking. Bank charges may apply, so factor that into your total cost.
Does GMAT fee vary by test center?
The official registration fee is uniform worldwide. Minor variations may occur due to currency conversion or bank charges when paying from different countries. Always check the exact amount before finalizing registration.
Are GMAT prep courses included in the exam fee?
No, prep courses are not included. Many candidates invest in official prep materials, online courses, or coaching programs to improve scores. Planning for these additional costs is important for a smooth preparation journey.
Can I get a refund if I cancel the GMAT?
Partial refunds may be available if you cancel well in advance. However, cancelling or rescheduling closer to the test date usually incurs fees. It’s important to check GMAC’s cancellation and refund policies before registering.
Does the GMAT fee include sending scores to schools?
Yes, the registration fee covers sending your scores to up to five business schools. If you wish to send scores to additional schools later, there is a separate fee of around $35 per report.
Is GMAT fee the same every year?
While the GMAT fee is generally stable, it may increase slightly over time due to inflation, currency fluctuations, or administrative updates. Always check the official GMAC website for the most accurate and up-to-date fee information.
Pragya Sharma is a content developer and marketer with 6.5+ years of experience in the education industry. She started her career as a social media copywriter for NIELIT, Ministry of Electronics & IT,...
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