We get this question, quite often, from our readers. GMAC does not distribute GMAT Vouchers directly to individual test takers. You have to contact your target Business Schools for vouchers.
Eligibility: Business Schools and Organizations, that accept GMAT scores, grant graduate level degree programs (in Business and Management) and provide financial aids (including fellowships and scholarships) are eligible for distributing the GMAT Vouchers.
Denomination: Eligible organizations can distribute GMAT Vouchers in denomination of $50, starting from $50 to $250.
The goal of the GMAT Voucher is to provide economically disadvantaged applicants with the opportunity to compensate the cost of the GMAT exam.
GMAT Fee Waiver
Another alternative for GMAT test takers is to request the Business Schools for GMAT Fee Waiver. Each year, GMAC offers each school with 10 GMAT Fee Waivers. Schools will offer the fee waiver directly or when you join the program.
The number of Fee Waivers is not limited to 10. Business Schools can request for more, if the applicant is eligible for the program. Once Business Schools approve your GMAT Fee Waiver, a code is shared with you. When you register for the GMAT appointment, apply the waiver code in mba.com
Please note that the code is equivalent to the entire GMAT Fee and is valid for one year (since the school received the code).
About the Author
I am Atul Jose, Founding Consultant of F1GMAT, an MBA admissions consultancy that has worked with applicants since 2009.
For the past 15 years I have edited the application files of admits to the M7 programs: Harvard Business School, Stanford Graduate School of Business, the Wharton School, MIT Sloan, Chicago Booth, Kellogg School of Management, and Columbia Business School, together with admits to Berkeley Haas, Yale School of Management, NYU Stern, Michigan Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, SDA Bocconi, IESE Business School, HEC Paris, McCombs, and Tepper, plus other programs inside the global top 30.
My work covers the full MBA application deliverable: career planning and profile evaluation, application essay editing, recommendation letter editing, mock interviews and interview preparation, scholarship and fellowship essay editing, and cover letter editing for funding applications. Full bio with credentials and admit history is here.
I am the author of the Winning MBA Essay Guide, the best-selling essay guide covering M7 MBA programs. I have written and updated the guide annually since 2013, which makes the 2026 edition the thirteenth.
The reason I still write and edit essays every cycle: a good MBA essay carries a real applicant's voice. Writing essays for F1GMAT's Books and Editing essays weekly is how I stay calibrated to what current admissions committees respond to.
Contact me for school selection, career planning, essay strategy, narrative development, essay editing, interview preparation, scholarship essay editing, or guidance documents for recommendation letters.