As with any standardized exam, the fees associated with the GMAT are set by the testing institution. In most cases, the amount charged for GMAT online exams will include an on-site walk through of the testing facility, some instruction on the types of questions that will be asked, and the disposal of test booklets after each section. If you are unable to attend a testing facility in person, the cost of taking the exam online is almost always less than if you were to go to a local college or university and pay the customary fee.
Many accredited colleges and universities offer online programs for GMAT. In the past, these programs were not well known, but today they are absolutely commonplace. As is the case with most standardized exams, the cost of taking the GMAT online is significantly less than if you were to take the exam locally.
The reason for this is fairly simple. Taking the exam online eliminates the need for you to commute to take the test. This alone reduces the cost of taking the exam dramatically. The amount of work involved in physically taking the exam from place to place also falls away once the exam is taken online. There are no more driving all over town to take a test.
But just because the cost is significantly less when taking the GMAT online does not mean that you should take it without first ensuring that the program is accredited. Most online test programs are properly accredited, but it is important to make sure. You can usually find this information on their web site. There is nothing wrong with contacting the accrediting body and asking them why their particular test is not accepted online. They will likely tell you that there are currently no accredited online GMAT tests in existence.
But keep in mind that this is simply based upon the current status of their testing program at this moment in time. It is unlikely that they will immediately approve all online GMAT exams for taking. After all, if there were a lot of people who were taking the test and found out that it was not approved for online participation, the test could be pulled back. So keep this in mind when deciding if you should pursue this method of examination.
The one thing you should always remember is that the online exam fee is subject to change, so even if your GMAT score is the same right now, if the exam costs more next year, it’s worth it. There are a lot of different websites that offer free online practice tests, so take advantage of these. In addition to online practice tests, you can also purchase practice tests through major online test preparation companies. These companies are obviously more expensive than a free online practice test, but they are also reliable and will provide you with correct GMAT questions that you can take to gauge your confidence level before taking the real test.
In conclusion, online GMAT fee is just a means to get as many questions answered as possible. Don’t let anyone mislead you into thinking that the fee is going to buy you a shortcut to success. Taking the GMAT online is still the best way to prepare for the exam, so don’t give anyone any false information about its price. However, a good understanding of the concept of GMAT will help you decide if you should be pursuing the online method.