GMAT Price Increases to $275 Effective February 4th in US / Canada

Question

Hello All,

I got an E-Mail from GMAC that GMAT price is going to be increased by 10% in US and Canada Effective Feb 4th. We all know the current price is $250 and effective Feb 4th the new price would be $275.

If you are looking to appear for GMAT in coming months , its best to register now to get the current price.

One way to consider this is as motivation to register for exam quickly

Akadiyan

bb · Answer

Thanks for posting! Wow - this is a major change. GMAT Has been $250 for a long time!
This will make it even less competitive and attractive compared to the GRE.

Edit: not that it should not be adjusted for inflation and that a fair price should not be charged but seems odd that it is only a week’s notice for the raise.

I found the increase from $200 to $225 back in 2003 https://www.gmac.com/why-gmac/gmac-news ... e-increase but I have not seen the $225 --> $250 increase timeline

TheNightKing · Answer

Oh Man! The next one better be my last attempt.

Note : Thought I feel like scheduling my March test right now but probably not the best approach. I would rather schedule when I am more ready. So I will have to pay 25$ more I guess.

akadiyan · Answer

bb

You are spot on about the timeline of price increase. In the email it has been mentioned that this increase is first in 15 years.

Akadiyan

bb · Answer

Yes, esp since they have increased change fees just 4 months ago . What did the email say by the way? Did it say that they did a lot of research and this change was as the result of the test-taker requests?

TheNightKing · Answer

<img src="{SMILIES_PATH}/1f602.png" class="forumSmileyItem" width="20" height="20" alt=":lol:" title="Laughing" /> <img src="{SMILIES_PATH}/1f602.png" class="forumSmileyItem" width="20" height="20" alt=":lol:" title="Laughing" /> <img src="{SMILIES_PATH}/1f602.png" class="forumSmileyItem" width="20" height="20" alt=":lol:" title="Laughing" /> <img src="{SMILIES_PATH}/1f602.png" class="forumSmileyItem" width="20" height="20" alt=":lol:" title="Laughing" /> <img src="{SMILIES_PATH}/1f602.png" class="forumSmileyItem" width="20" height="20" alt=":lol:" title="Laughing" />

akadiyan · Answer

bb

I have attached the screenshot from email. Hope it helps.

cantaffordname · Answer

Next thing is that they will remove 2 free test and start charging.

akadiyan · Answer

I am eager to know whether anyone else have received similar email from GMAC ?

Posted from my mobile device

bb · Answer

Meanwhile, China has figured out a solution to this fee increase: https://gmatclub.com/forum/crazy-china- ... 15249.html

ShankSouljaBoi · Answer

Coaching institutes are also going to increase fees. Exams also. Everything has become too commercial on this planet.

Posted from my mobile device

bb · Answer

I don't think so and I would suggest you don't sign up with any place that calls itself a coaching institute in the first place.

ShankSouljaBoi · Answer

Hahahahhahahahah right I have GMAT club

Archit3110 · Answer

once in 2 years GMAC does bring some change or another ... I think this change of fee is still okay than a change in exam pattern

.. fingers crossed

Don't know what could be the reason for this hike ? It could be that With the acceptance of GRE and Executive GMAT in B school GMAC might have assumed that there could be a fall in no. of GMAT exam taker in near future so probably ,not to take hit on revenue hence price hike in exam.. it's my take.. nevertheless change is always good.

Posted from my mobile device

ShankSouljaBoi · Answer

To heck with these people. They are so commercial. I wish this were a government organization. Plus making you pay in US$ is a boost to American economy certainly.

Just my views.

Posted from my mobile device

TheNightKing · Answer

Well, I sort of agree. And just because you mentioned your views I will mention mine too and this is not to do with GMAT.

I hate how they let you apply for VISAs (Tourist and other) and then reject your visa and then offer you no refund.

And then you can just keep doing this over and over again.

First, It would be fine but you have to look at the scale of it. Look at thousands of people outside Consulate every day in every 15 minutes slot applying for some or the other VSIA.

Second, I understand if they start issuing those thousands of VISAs then eventually those many people will come to USA and then immigration issues begin.

Meh, I don't know. It sucks!

bb · Answer

GMAC is a not for profit organization. It is private but it’s not commercial.

I do have to say this is the strangest comment I’ve seen here for a while about someone wishing GMAT was run by the government.... Things are not usually cheaper than they are run by the government but they could be subsidized which means someone else is paying for it. The only way to drive the price down is to bring in more competition which is what GRE is doing and you’re welcome to take the GRE.

PS. I’m not defending their price increase especially since GRE is about half the price of the GMAT but increasing a price by 10% in 10 - 15 years is not even keeping up with inflation. They would have to raise the price by 30-40% to keep up with inflation.

Posted from my mobile device

unraveled · Answer

If we are going into economics of things then it is understood that "Economics of anything has everything involved but mathematics".

bb · Answer

I also find it odd that there is only 7 days of notice... GMAC seems to not provide refunds even within this short of a window. It’s generally appropriate to give like 30 days of notice or even more so people could plan ...

Posted from my mobile device

Posted from my mobile device

ShivamoggaGaganhs · Answer

Is the increase applicable in India too?

Posted from my mobile device

	Target Test Prep - Save up to $599 $400 Discount + $99 Bonus GMAT Club Tests
	e-GMAT: 60% Off on GMAT Focus Get to 735+ from any starting point
	Magoosh increases your score, guaranteed - 15% off ALL Magoosh GMAT plans with code GMATCLUB15 + Free GMAT Club Tests.
	Manhattan Prep: $99 Bonus Score Higher on Your GMAT Exam. Guaranteed.
	Experts' Global - ~~$1720~~ $960 End-to-End GMAT Prep + App Support: 150+ Videos, 2000+ Questions, 15 FLTs +
	GMATWhiz - $299 ~~$499~~ Experience the course through a free trial.
	GMAT Club Tests - Free Included with every course purchase of $149+ View all deals

GMAT Price Increases to $275 Effective February 4th in US / Canada

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards