GMAT Prep Course Costs: Compare and Choose

Preparing for the GMAT can feel overwhelming, especially with so many prep options out there. Your GMAT score plays a pivotal role in MBA admissions and can even unlock scholarships at top schools like Harvard, Stanford, or Wharton. But how much should you spend on prep, and which provider is the best fit for your goals? Let’s break down the most popular GMAT prep brands, what they offer, and real student experiences to help you decide.

Why Invest in a GMAT Prep Course?

Many MBA hopefuls wonder if they should spend money on a GMAT prep course or simply study on their own. While self-study is an option, professional prep courses often provide the structure, resources, and expert guidance needed to push your score into the 700+ range.

Take a student from GMATClub who used Target Test Prep to tackle their quant section: “I was stuck at 47Q for months. With TTP’s step-by-step approach, I finally got to 50Q!”. For many students, that jump can be the difference between getting into a top-tier MBA program and settling for a less competitive school.

Beyond the score itself, a high GMAT score can make you eligible for scholarships worth tens of thousands of dollars. In this light, a prep course is often a worthwhile investment.

The Best GMAT Prep Providers and What They Offer

Kaplan

Known for: Flexible options and the Official Test Day Experience.

Kaplan’s GMAT courses cater to a variety of learning needs:

  • On-Demand Course: Starting at $599, this self-paced option includes video lessons, practice tests, and a question bank.
  • Live Online Classes: For $1,249, Kaplan offers interactive online sessions led by experienced instructors.
  • In-Person Classes: Available in select cities for $1,449.
  • Private Tutoring: Customized packages start at $2,599.

A unique feature of Kaplan is its Official Test Day Experience, which allows you to take a practice exam in a real GMAT testing center. A student on Quora noted, “Walking into the real test felt so much less intimidating because I’d already done Kaplan’s Test Day Experience.”

Magoosh

Known for: Affordability and flexibility.

If you’re on a tight budget, Magoosh is an excellent option:

  • Self-Paced Online Course: At just $249, this course includes over 300 video lessons, 1,300 practice questions, and email support from tutors.
  • Score Guarantee: Magoosh promises a 50-point score increase or your money back.

Students often praise Magoosh for its simple, no-frills approach. As one GMATClub user shared, “For under $300, Magoosh gave me everything I needed to go from 650 to 710. The practice questions were spot on.”

Veritas Prep

Known for: Advanced strategies and free practice resources.

Veritas Prep is a premium provider offering comprehensive prep solutions:

  • Live Online and In-Person Classes: Starting at $999, these courses include 36 hours of live instruction and access to extensive online resources.
  • Self-Paced Course: At $699, this option provides detailed video lessons and practice materials.
  • Private Tutoring: Packages start at $180/hour and include personalized coaching.

Veritas stands out for its advanced strategies aimed at high scorers. A student from Reddit noted, “Veritas taught me how to approach 700+ level questions with confidence. Their instructors were amazing.”

Target Test Prep (TTP)

Known for: Quantitative mastery.

Target Test Prep specializes in helping students improve their quant scores:

  • Monthly Subscription: $99/month gives you full access to all materials.
  • Quant-Focused Prep: Includes over 3,000 practice problems and detailed solutions.

Many students swear by TTP’s step-by-step approach. A GMATClub user shared, “I went from being terrified of quant to actually enjoying it. TTP’s explanations were a game-changer.”


How to Choose the Right GMAT Prep Course

Consider Your Learning Style

  • Do you prefer studying alone? Magoosh and Target Test Prep’s self-paced options may suit you.
  • Need structure and accountability? Kaplan’s live classes are great choices.
  • Struggling in specific areas? Private tutoring from Veritas Prep or Kaplan can help.

Budget Wisely

While it’s important to stay within your budget, don’t underestimate the ROI of a good prep course. If a more expensive course can significantly boost your score and land you a scholarship, it’s worth the investment.

Check for Free Trials and Guarantees

Many providers offer free trials or score improvement guarantees. For example, Magoosh and Princeton Review both promise a score increase or your money back. Use these guarantees to reduce your financial risk.

Look at Student Reviews

Reading reviews from real students can help you understand what to expect. Sites like GMATClub, Reddit, and Quora are treasure troves of honest feedback.

Final Thoughts

Finding the right GMAT prep provider is a personal decision that depends on your goals, budget, and learning style. From the affordability of Magoosh to the advanced strategies of Veritas Prep, there’s a course out there for everyone.

Investing in a prep course can pay off not only with a higher GMAT score but also with admission to top MBA programs and scholarships. Take your time to research, take advantage of free resources, and choose the provider that will set you up for success. Your MBA dreams are worth it!