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GMAT Cost


How Much Does the GMAT Cost?

 
low costExam: $250average costTest Preparation: $5-$210high costPrivate Tutoring: $570-$5,400
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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:

  • The test[2] costs $250.
  • 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] .
Related articles: MBA, GRE, College

What should be included:
  • 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.
Shopping for the gmat:
  • Register[13] for a GMAT test date online.
  • The GMAC maintains an online list of schools[14] that accept the GMAT.
  • Mba.com offers a search tool[15] to find the closest test center.
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External Resources:
  1.  www.gmac.com/
  2.  www.mba.com/the-gmat/schedule-a-gmat-appointment/pay-for-the-test.aspx
  3.  www.mba.com/store/store-catalog.aspx?tabs=CAT2680001&
  4.  www.princetonreview.com/business/gmat-test-preparation.aspx
  5.  kaplanpublishing.com
  6.  www.800score.com/download.html
  7.  www.mba.com/the-gmat/schedule-a-gmat-appointment/pay-for-the-test.aspx
  8.  www.princetonreview.com/ChooseProducts.aspx?&testtype=TDA&producttype=TUT
  9.  www.kaptest.com/GMAT/GMAT-Prep/One-On-One/gmat-private-tutoring.html
  10.  www.kaptest.com/GMAT/Home/index.html
  11.  www.mba.com/the-gmat/schedule-a-gmat-appointment/pay-for-the-test.aspx
  12.  www.gmac.com//thegmat/gmatfeewaiverprogram/
  13.  /www.mba.com/service/reg-profile.aspx
  14.  www.gmac.com//thegmat/programsthatacceptthegmat.htm
  15.  /www.mba.com/service/testing/testing.aspx?Action=APPOINTMENTSEARCH
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