The test center GMAT Exam costs $275 in the United States and Canada.
The cost of the GMAT varies depending on your test location and local currency. The GMAT costs €250 in mainland Europe. In the UK, the GMAT costs £225. In India, the GMAT costs $250.
You pay additional fees for Enhanced Score Reports (around $30), rescheduling ($50-$150), or cancelling your score after you’ve left the test center ($25).
The GMAT Online Exam costs $250 worldwide.
The GRE exam is priced slightly lower at $205 for most regions, including the US and Canada. In India, the GRE costs $213.
The GRE is the same price, whether you take the GRE in a test center or online.
GMAT vs GRE Online
You can take both the GMAT and GRE online from your home. These online versions of the traditional test center exams were launched in response to the COVID-19 pandemic in 2020.
The GMAT Online exam is available globally, excluding Mainland China, Iran, Cuba, Sudan, and North Korea. The GRE online test, the GRE General Test at Home, is available in the same locations as the GRE General Test, excluding Mainland China and Iran.
For both the GMAT Online exam and the GRE at Home test, a human proctor monitors you via a live video feed for the duration of the exam to ensure you can’t cheat. You can take the tests on a PC or Mac.
The GMAT and GRE online tests are almost identical to the test center versions in terms of exam structure and score scales.
The GRE at Home test is identical to the test center GRE, with the same section order and on-screen experience.
The current version of the GMAT Online exam is essentially the same as the test center GMAT, aside from the exclusion of the AWA section. However, GMAC plans to launch an enhanced version of the GMAT Online in 2021, which includes the AWA, the optional breaks, and other enhancements, and will make the two test formats equivalent.
So should you take the GRE or GMAT online or in a test center? Since the content of the tests is pretty much the same, the costs are similar, and they’re viewed the same by business schools, your choice mostly comes down to personal preference.
Taking the GMAT or GRE online gives you added flexibility if you don’t live close to a test center or simply prefer to sit an exam from the comfort of your home.
GMAT vs GRE Prep
Whichever test you decide to take, preparing for the GMAT or GRE can be a stressful experience. Luckily, there are plenty of test prep resources out there, and the more practice questions you complete the more confident you will feel on the day.
When starting your GMAT test prep, take advantage of the prep resources offered by GMAC. The annual GMAT Official Guide—see our GMAT Official Guide 2022 Preview—is the most comprehensive GMAT prep book around.
It’s also the only GMAT test prep guide that uses real practice questions, taken from previous GMAT exams. The guide is updated each year and includes an Online Diagnostic Evaluation that allows you to assess your strengths and weaknesses for a more strategic approach to prep.
If you want to focus on one particular area, GMAT prep books focused on sentence correction, GMAT math, or GMAT critical reasoning are all available from test prep experts like Manhattan Prep.
The best GMAT prep strategies also include at least one full GMAT practice test. Taking a mock GMAT test will help you understand how you perform under pressure, and gives you a chance to practice your timing strategy.
You should follow a similar strategy for GRE test prep: identifying and working on your weak points, learning core concepts, and answering as many GRE practice questions as you can.
You can find plenty of free GRE sample questions online, and once you’ve established your strengths and weaknesses it could be worth investing in a GRE prep course tailored to your needs. There are plenty of affordable prep courses on the market, from providers like Magoosh.
If you want to learn from the people who created the GRE, an ETS GRE practice test is your best bet. ETS regularly updates its Official Guide to the GRE General Test, which includes four real practice tests along with online mock exams and hundreds of GRE sample questions.
Should you do the GMAT or GRE for your MBA? Which test is easier? Find out on page 4.