The GRE generally presents a more cost-effective option than the GMAT, though the price difference is relatively modest compared to total application expenses. Understanding the complete fee structure and potential additional costs provides crucial context for budget planning.
Standard Testing Fees
The baseline costs show a clear price difference between the two exams.
- GRE General Test Fee. The standard GRE administration costs $220 in most locations worldwide. This establishes the fundamental price point for the exam.
- GMAT Exam Fee. By comparison, the GMAT focus edition costs $275, representing a $55 premium over the GRE. Consequently, the GRE is cheaper than the GMAT for the initial test attempt.
- Regional Price Variations. Both exams may have different pricing in certain countries, though the relative cost difference typically remains consistent.
Additional Cost Considerations
Several supplementary expenses impact the total testing investment.
- Rescheduling Fees. Both exams charge significant fees for test date changes, though specific amounts vary by notice period and test administration.
- Score Reporting Costs. The GRE includes four free score reports, while the GMAT provides unlimited free score reporting. This difference can affect which is cheaper, GRE or GMAT, for candidates sending multiple applications.
- Preparation Materials. Both exams have extensive official and third-party preparation resources available at various price points, making this cost largely equivalent.
Strategic Financial Decision-Making
The exam choice should consider factors beyond direct costs.
- Program Preference Alignment. First, determine which test your target programs prefer, as this may eliminate choice and dictate the required exam regardless of price.
- Potential for Retesting. Factor in the possibility of multiple attempts when budgeting, as this magnifies the initial price difference between the exams.
- Application Strategy Impact. Ultimately, the minor cost difference rarely justifies choosing an exam that might result in a lower score or reduced admission chances.
While the GRE is cheaper than the GMAT in direct testing fees, the decision should prioritize program requirements and individual testing strengths. The modest price differential becomes relatively insignificant within the context of total graduate school application expenses, which often exceed several thousand dollars. Therefore, candidates should base their selection primarily on which exam better aligns with their academic strengths and program preferences rather than cost considerations alone.