Things that Make NMAT by GMAC Expensive – Many B- schools aspirants consider GMAC’s NMAT as a “costly” exam compared to other tests and not worth the cost, as the number of B-schools that admit the test grades is restricted. Also, NMAT by GMAC is not the only test mark that one prerequisite to have, to be capable to get into any other B-schools. Despite the fact that NMIMS takes only NMAT by GMAC test score for admittances, all the other B-schools agree to take test scores of other B-school admission exams too, like CAT, XAT, and GMAT. When NMIMS used to hold the pen- paper based NMAT, applicants had to pay for the exam and an added INR 1,000 if they had secured the highest rank and required to register for the GD&PI process. Here are some reasons on the Things that make NMAT by GMAC expensive
Things that make NMAT by GMAC Expensive: Cost of Registration
Applicants who register for NMAT by GMAC must pay INR 1,700 or INR 2,000 as late registration fee. Those who are not satisfied with their result and want a retest must pay INR 1,700. For the deferment of the test date, one should pay additionally INR 1,000. The trial registration fee permits applicants to send their score reports to seven institutes that accept NMAT according to the GMAC score. Candidates wishing to apply for additional institutes will have to pay INR 200 per Score report. An extra INR 1,000 will be mandatory if you desire to register for a group discussion – Personal Interview with GMAC. For all other non-NMIMS institutes, they have to pay according to the admission standards of the respective institute. This sum does not include taxes.
|Service||Amount of Fee|
|Registration Fees||INR 1700 + Appropriate Taxes|
|Late Registration Fee||INR 2000 + Appropriate Taxes|
|Repeating NMAT by GMAC||INR 1600 + Appropriate Taxes|
|Deferment the test||INR 1000 + Appropriate Taxes|
|Sending Extra Score cards||INR 200 per Score Report + Appropriate Taxes|
|GD & PI Registration||INR 1000 + Appropriate Taxes|
Things that Make NMAT by GMAC Expensive: Flexibility Ends up with Cost
The elasticity, on the other hand, comes at a cost – you may have to pay INR 1700 for every repeat and INR 1000 for postponement of the exam. And given that most of the candidates end up taking the test at least two times eventually making NMAT by GMAC as the most costly Indian entrance exam as of date. One may end up with the expenses somewhere between INR 5000 to INR 6000 just for the entrance exam. You may need to pay additional money if you seek to send scores to more than 7 institutions. So spending wisely is recommended. INR 1,650 and the added fee for intending to appear for GD/PI round.
Things that Make NMAT by GMAC Expensive: Tedious Process
Ridiculousness only upsurges when the complete admission process is done. They would select about 3000 applicants (about 5-6% of the total exam takers) on the basis of their scores and call them to a group discussion and a personal interview procedure to block up their 800 available places in various locations. Wait, the invite is not free! Even though if you are on the merit list, you still have to guarantee of INR 950 and travel all the way to Mumbai to show up. No other college stresses a single rupee from its eligible candidates for this procedure, even if they have to endure hotel costs at various places.
Things that Make NMAT by GMAC Expensive: Expensive Course Fee
After this process, they declare the list of aspirants selected for their courses. The sum to be paid is around 7.5 lakhs within a time frame of 8 working days. This gives the applicant barely 8-9 working days to sign up approaching Banks Outside of Mumbai; banks usually take 1-2 weeks to complete the entire process. Taking into account the pressure from the fiscal year, it is almost impossible to arrange loans outside of Mumbai within the given time frame.
Conversely, a high registration fee can probably be explained by the fact that a few thousand rupees are not much to pay when related to the fees of a B-school. In fact, CAT has no provisions for retesting and deferment, which means that contenders must wait for a full year before they can take up the exam again.