The Graduate Management Admissions Test (GMAT) is required at many institutions for advanced study in business and management, including the MBA. Created under the direction of the non-profit Graduate Management Admission Council[1] , the standardized exam measures verbal, mathematical and analytical writing skills with a top possible score of 800.
Typical costs:
Official test preparation guides[3] , available in formats including hard-copy books and mobile apps, cost about $5-$210, depending on the products and sample tests offered.
A variety of GMAT practice books and software programs are available for about $15-$63 through independent companies including The Princeton Review[4] , Kaplan[5] and 800score.com[6] .
Free test preparation materials[7] are included through an online registration.
Scores will be sent to up to five schools listed on the application.
Additional costs:
Private tutoring options are available from several independent companies including The Princeton Review[8] and Kaplan[9] for about $570-$5,400, depending on the amount of hours and skill level of instructor chosen. Each company maintains a list of tutors by zip code.
Classroom courses, offered by companies including Kaplan[10] , cost about $475-$1,550 depending on location and online or in-class options.
Additional score reports[11] are $28 each. Rescheduling an exam costs $50.
Discounts:
Fee waivers[12] are offered through the GMAC directly to schools. Each university independently chooses which students will receive the financial aid. To determine eligibility contact the individual school.
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