Best Gmat Prep

By Author: Online Masters Colleges
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What is GMAT?
The Graduate Management Admission Test (GMAT), administered by the Graduate Management Admission Council (GMAC) online or at a test center, is a standardized evaluation tool. Widely adopted by business universities globally, the GMAT assesses students’ readiness for business degree programs, including Master of Business Administration (MBA) and other graduate degrees such as Finance, Marketing, and Accounting. While the primary use of GMAT scores is for admission into business graduate programs, organizations may also request them for hiring.

Typically, universities consider GMAT scores from the past five years, recognizing that recent performance is a relevant indicator of a candidate’s current capabilities. A high GMAT score enhances applicants’ chances of admission into graduate programs and positively influences their overall application. As a comprehensive assessment tool, the GMAT is crucial in evaluating candidates’ aptitude and suitability for success in various business-related disciplines.

GMAT Test: Basic Information
The Graduate Management Admission Test (GMAT) is a ...
... pivotal standardized online test conducted by the Graduate Management Admission Council (GMAC). Widely acknowledged by business universities globally, GMAT is essential for assessing candidates seeking admission to various business graduate programs, including Master of Business Administration (MBA). In this brief overview, we’ll explore critical information about the GMAT, its significance, and its role in shaping aspiring graduate students’ academic and professional trajectories.

How much does the GMAT cost?

Every student planning to take the GMAT exam is required to pay a registration fee, which varies by country. Additionally, several other GMAT exam costs are associated with specific needs, such as rescheduling, requesting additional score reports, etc. Below is a detailed breakdown of GMAT fees and expenses.

1. GMAT Registration Fee
The current GMAT examination fee is USD 250.
Additional taxes may apply in specific countries, as the official GMAT exam website mentions.
2. GMAT Rescheduling Fee
Rescheduling fees apply if you modify your exam date.
The amount varies based on the number of days before the exam date:
More than 60 days: $50
15-60 days: $100
2-14 days: $150
3. GMAT Cancellation Fee and Refund Policy
You may be entitled to a refund if you cancel your GMAT appointment.
Refund amounts vary based on the number of days before the exam date:
More than 60 days: $100
15-60 days: $75
Less than 14 days: $50
Note: No rescheduling or cancellation is allowed 24 hours before the exam date, and forfeiting the entire GMAT exam fee is mandatory.

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