The Graduate Management Admission Test (GMAT) is a standardized assessment—delivered in English—that helps business schools assess the qualifications of applicants for advanced study in business and management. Schools use the test as one predictor of academic performance in an MBA program or in other graduate management programs.

It figures that a test associated with business would be expensive: a whopping $250.00 a pop! This is one test where it pays, or rather saves, to take it once. Applications to the top business schools are super expensive as well, with an average of $150.00 each.

The Testing Expense

  GMAT Fee - $250.00


Application Time! The fees for applying to seven business schools:

  Additional score reports to send to business schools at $28.00 each (five are included in the registration fee) - $56.00

  Average application fee of $70.00 each - $490.00 (Average application fee of $150.00 each at the most competitive b-schools - $1050.00)

  Priority mail postage of approximately $4.05 each - $28.35

  Average university registrar fee to submit transcripts of $10.00 each - $70.00



Total - $894.35
($1454.35 for the most competitive schools)



After reading the expenses that you have to bear on application process, one has to understand that several factors should be considered. Things are definitely not easy when you are applying to graduate schools. This doesn't even include the prices of late fees, cancellation fees, rescheduling fees, visiting colleges, and any type of guidebooks or prep courses you may want to take on you dream to a world class school.

If you're an average student, money is tight and the idea of having to spend huge wads of cash to take a test doesn't sound like a good time. So for your own financial health, the best bet is to aim to take these tests only once after preparing diligently. It's important to be well prepared in a systematic manner and to invest both your time and money wisely to maximize your chances of getting into a dream college. One of the best investments you can make is to take a prep course that will augment your preparation and chances to get selected.

RAIAA offers the best SAT, GRE and GMAT prep available to help you realize the intrinsic potential. Small classes, expert instructors, free extra help, and the most comprehensive, up-to-date materials available and personalized guidance are our forte. RAIAA guarantees that you will raise your score and come up with flying colors.











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