So I just went to sign up to take the GMAT Exam and it costs $250? Are you freaking kidding me??? Anyone know if they charge an additonal $250 for each retake?
Ok correct me if I’m wrong but if you’re the type of professional who frets about $250 for an exam sitting are you really - also - they type of professional who has the kind of position to pay for an MBA degree on your own or who, likewise, either has the support of your employer or money saved up to attend an MBA school worth going to? Am I missing something or am I simply being extra spiteful this evening? Seriously tell me. But what’s $250 against the a degree program that, on average, costs around $80,000K. Willy
As a matter of fact, my employer is going to cover my MBA at UChicago. My point is 250 to take the test? That’s just silly, it should be about 50 bucks, and even that’s a bit high.
Congrats on having your people pick up the tab but somehow, based on your initial question, I really don’t believe you 100%. I’m sorry, I just don’t. U Chicago is, what, about a $201,000 tuition bill…why on earth would $250 even phase you? Shouldn’t you be spending about that much on dinners? Willy
I take it you’re a huge spender. I’m more of a saver.
i think they teach economics most MBA programs… i hope you pay attention to them when you get in. and if it’s too high… well just don’t take it. Nobody is forcing you to take it, unless your employer is… if so go whine to them about 250$ when they’re going to shell out a couple hundred thousand for your tuition.
hey i wouldn’t mind being treated to $250 fancy dinners anytime…
I take it if your employer is covering your MBA at UChicago that you have already written the GMAT and gotten in… or did you just sign up to write it? I am confused. And envious that you found an employer stupid enough to pay for a top-tier MBA.
mike, the only school they will pay for is UChicago. It’s a very small firm. It was part of my contract. When I get admitted, they will cover it 100%. I just better get in at some point =)
Ah ok, understood. I thought the chicken was coming before the egg… etc. I need to find a firm like that. You doing the part-time program? I take it from the fact that UChicago was in your contract that you are based out of there?
TeamHydro, you might want to check out www.gmatclub.com - that might help you to prepare for the GMAT exam and apply to GSB.
The MBA is cheap compared to the CFA… CFA registration is $1000?
I mean I enjoy life and yeah, I’ll have a nice $250 dinner once in a while. Willy
mikebc1 Wrote: ------------------------------------------------------- > Ah ok, understood. I thought the chicken was > coming before the egg… etc. > > I need to find a firm like that. > > You doing the part-time program? I take it from > the fact that UChicago was in your contract that > you are based out of there? Yeah part-time and based out of Chicago as well. I love their MBA program… I’m a little behind in the app process since its due June 11th. Didn’t plan on applying for this fall but might as well give it a shot now 
hydro - what are you doing currently? Equity Research, FI Sales etc? How many years of experience do you have? I am thinking of applying for the part time program in the spring.
3 years exp. by fall. I’m an options trader. Currently working at a family office developing our own trading algorithym. and you?
The GMAT is a monopoly…that’s why it is expensive. Most MBA schools prefer you taking the GMAT then the GRE. The reality is, they could have charged you 150$, but since they know they can, they will charge you 250$. Especially since it has become computer-adaptive which lowers costs even more. For the typical MBA applicant who is working, 250$ isn’t that expensive. For me, I am a full time student who had to take the GMAT to get into Masters of Finance program which also asked for the GMAT (at that particular school), and 250$ is a lot if you don’t have a job. (And in Canada, tuition isn’t that expensive for a Masters in Finance since there’s only public schools here). And to boot, if you live in a country that is weak against the US dollar, you pay an even higher cost, especially in poor countries where you want to get a MBA to move up in life, its a double whammy.
$250 is pebbles compared to the whole application process. $250+ on books alone $200 per application to school $500-$1000 per plane ticket because you only get a couple of weeks to plan $200 a night for a hotel $400+ for a nice suit if you don’t have one
4 years this oct. assitant PM FI department of asset manager with about 3.5 billion AUM.
how is teamhydro a trader and be worried about 250 GMAT fee?