Why is the GMAT Exam Costly?

GMAT Exam Costly

The GMAT (Graduate Management Admission Test) is a standardised test conducted by the GMAC (Graduate Management Admission Council), which is headquartered in the state of Virginia in the United States of America. The test is administered throughout the year, and can be taken from a nearby test centre in your city. The exam is also being offered online now, in light of the global coronavirus pandemic, and can be taken from the safety of your own home.

GMAT Exam Syllabus

The GMAT exam is taken by those who wish to pursue a Master of Business Administration degree (popularly known as an MBA) or any other managerial higher education programme, especially abroad. The exam tests a candidate’s aptitude on a variety of subjects that would be relevant to the learning they would acquire at a business school, should they be admitted. The GMAT exam syllabus is divided into four test sections; the Quantitative Reasoning section, the Verbal Reasoning section, the Integrated Reasoning section, and the Analytical Writing Assessment section.

The Quantitative Reasoning section tests your ability to solve basic mathematical problems that you are likely to have already encountered at a high school level. The Verbal Reasoning section tests your command over the English language, sentence structure, vocabulary, phrasing, and contextual understanding of sentences in standard English. The Integrated Reasoning section assesses your ability to interpret data that is presented in a visual format such as a graph or a chart. The last section, the Analytical Writing Assessment section, is an essay writing question where you will be tested on your ability to write clear and compelling arguments based on sound logic and reasoning.

GMAT Exam Fee

The GMAC charges a fee for all the candidates that aim to take the GMAT exam. The fees are mostly the same around the world. The GMAT exam fees in India are USD 275, which when converted into Indian rupees at the current exchange rate, comes up to about INR 20,000. If you wish to get your test appointment cancelled or rescheduled, you will be charged an additional fee for the same. This will be a nominal amount in order to cover the administrative costs associated with cancelling or rescheduling your test appointment. If you wish to get your exam rescored or your Analytical Writing Assessment re-evaluated, these services will also be made available to you at an additional fee.

Why is the GMAT Costly?

Here is a table detailing the additional costs associated with the GMAT exam:

Service Fee (USD)
GMAT Exam 275
Enhanced Score Report 30
Cancelling the raw score after leaving test centre 25
Reinstating the cancelled score 50
Rescoring of AWA essay 45
Additional score reports 35 each

In addition to the above, rescheduling and cancelling your exam also costs an additional amount ranging from USD 50 to USD 150, depending on how many days you have left before your existing appointment.

The GMAT exam is a costly affair, not to mention, if you reattempt it over and over again, there is no doubt how expensive it can get. However, if you are able to prepare well for the exam and get a good score, you will definitely be able to secure admission to your dream business school. In the long run, an MBA will help your career prosper, and you will receive a higher starting salary at any job you get hired for, simply by virtue of your degree. The MBA qualification is highly valuable, and you will get the return on your investment several times over. So, prepare well for the GMAT and get a good score. Good luck!

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