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Cheapest Tier 1 MBA colleges in India: MBA Colleges under 5 Lakhs and more

Cheapest Tier 1 MBA colleges in India: MBA Colleges under 5 Lakhs and more 

Tier 1 MBA colleges in India are not only determined as per the location but it is also upto the ROI provided by the institutions in terms of placement, Fees, etc, below you will find the Best yet Cheapest Tier 1 MBA colleges in India.  We all know that MBA opens the door to tons […]

 Gagan Doshi
 Gagan Doshi 07/02/2024
As a content writer, I have a great passion for creating engaging and informative content. My experience includes writing articles on various management-related topics. more

Tier 1 MBA colleges in India are not only determined as per the location but it is also upto the ROI provided by the institutions in terms of placement, Fees, etc, below you will find the Best yet Cheapest Tier 1 MBA colleges in India

We all know that MBA opens the door to tons of opportunities and it is also one of the most sought-after degrees in the world is a Master of Business Administration (MBA)

And Without any doubt or debate we can say that , it is the dream of every management aspirant to pursue their MBA in one of the top management institutions due to the quality of education offered and the assured placements with better remuneration. A reputable top MBA college is always in search of MBA experts with management degrees. 

Cheapest tier 1 MBA colleges in India & ROI of MBA Colleges with Fees Under 5 Lakhs

A student's return on investment (ROI) describes the profit they make from attending a certain institution or university. During placement drives, it's the difference between the average salary package available during placement drives and the financial investment required to enroll in an MBA program. We have compiled a list of the best MBA schools with tuition under 5 lakhs and their ROIs.

Name of the InstituteAverage Annual Fees (in INR)Average Package Offered (in INR)Highest Package Offered (in INR)
University of Mumbai8,000 - 2,00,0005,20,000 - 12,00,00057,65,000
Faculty of Management Studies (FMS), Delhi University1,94,00034,10,0001,23,00,000
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai3,04,00028,02,00035,75,000
SIMSREE Mumbai1,35,00010,97,00019,00,000
Christ University, Bangalore2,40,0006,00,00021,46,000
The ICFAI University, Dehradun1,28,0006,33,00023,00,000
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University1,32,3888,01,00015,30,000
Vels Institute of Science, Technology & Advanced Studies, Chennai1,75,000 to 2,10,0006,60,0008,00,000
Delhi Technical University (DTU), Delhi2,79,0006,40,00018,00,000
KJ SIMSR Mumbai3,30,00010,67,00026,50,000

ROI = (Average Placement Package/Average Annual Fees)*100%

Several top-notch institutions in India offer MBA courses at affordable tuition, with excellent faculty and facilities. Among the top MBA colleges in India are located in Mumbai, Delhi, Gujarat, and Kolkata. For a two-year full-time residential MBA program, these MBA colleges charge fees ranging from Rs. 50,000 to Rs. 10 Lakhs, which is significantly less than other prominent MBA colleges like IIMs, XLRI, MDI, and SPJIMR, which charge between Rs. 17 lakhs and Rs. 24 lakhs. Also, government colleges charge less than private MBA institutions, and EMBA courses are another way to get an affordable MBA degree.

Here are the top 10 Cheapest tier 1 MBA colleges in India under 5 lakhs, ROIs offered, and entrance exams accepted. 

List of 10 Cheapest tier 1 MBA colleges in India with Fees Under 5 Lakhs

The table provided below contains the top MBA Colleges in India with fees under 5 lakhs:

Name of the CollegeEntrance Exams AcceptedCourse NameCourse Fees 
Prin. L. N. Welingkar Institute of Management Development & Research-MumbaiCAT/XAT/ATMA/GMAT/CMATPGP Media and Entertainment ManagementINR 4,00,000
Delhi Technical University (DTU), DelhiCATMaster of Business AdministrationINR 2,90,000
Institute of Management Studies, Banaras Hindu UniversityCATMBA in International BusinessINR 99,288
Ambedkar University, DelhiAUD MBA Entrance TestMBA/PGDMINR 3,00,000
Faculty of Management Studies (FMS), Delhi UniversityCATMaster of Business AdministrationINR 1,94,000
Tata Institute of Management Studies (TISS), MumbaiTISSNETMBA in Human Resource Management and Labor RelationsINR 1,85,000
Department of Financial Studies, Delhi UniversityCATMBA in Financial ManagementINR 1,51,000
Christ University, BangaloreCAT/ MAT/CMAT/ GMAT/ GRE/ ATMA & XATMaster of Business AdministrationINR 4,75,000
Birla Institute of Technology and Science (BITS), PilaniCAT / XAT/ GMATMBA in Business AnalyticsINR 5,08,000

Tier 1 MBA colleges in India MBA Fees of IIMs

The Indian Institutes of Management (IIMs) are the most prestigious MBA colleges in India. India is home to over 20 IIM campuses scattered across the country, each with its own unique fee structure. And IIM Mumbai (Formerly NITIE) is the 21st IIM. 

Choosing an IIM institution based on the fee structure is crucial for candidates to make an informed decision. IIM Sirmaur's PGP program costs INR 11 lakh, while IIM Ahmedabad's MBA program costs INR 23 lakh.

In the table provided below are listed the IIM fees for MBA 2023:

IIMsProgramme Fee Approx.
IIM Ahmedabad(IIM A)INR 23,00,000
IIM Bangalore(IIM B)INR 23,00,000
IIM Calcutta(IIM C)INR 27,00,000
IIM Lucknow(IIM L)INR 19,25,000
IIM Indore(IIM I)INR 17,00,000
IIM Kozhikode(IIM K)INR 17,50,000
IIM Shillong(RGIIM)INR 13,00,000
IIM RaipurINR 14,20,400
IIM RanchiINR 15,30,000
IIM Rohtak (IIM R)INR 15,20,000
IIM KashipurINR 14,75,000
IIM TrichyINR 11,80,000
IIM Udaipur (IIM U)INR 17,05,400
IIM AmritsarINR 12,00,000
IIM Bodh Gaya (IIM BG)INR 11,00,000
IIM Nagpur (IIM N)INR 13,75,000
IIM SambalpurINR 13,03,000
IIM Sirmaur(IIM S)INR 11,75,000
IIM Visakhapatnam (IIM Vizag)INR 10,70,000
IIM Jammu (IIM J)INR 14,82,000
IIM Mumbai (Formerly NITIE)INR 21 Lakhs for 2 years.

MBA Fees of Top B-Schools Other than IIMs (Tier 1 MBA colleges in India)

There are many other B-schools in India that have been ranked among the top. A few of them are MDI Gurgaon, IIFT-Delhi, and XLRI-Jamshedpur. MBA fees of these colleges range from INR 11 lakh per annum to INR 30 lakh. 

The table provided below will help you know the MBA Fees of top B-Schools other than IIMs.

CollegeProgram OfferedFees
FMS, DelhiMBAINR 20,960
MDI, GurgaonPGPMINR 21.34 lakh
IIFT, New DelhiMBA International BusinessINR 16.25 lakh
Symbiosis Institute Of Business Management, PuneMBAINR 11.32 lakh
IMI, DelhiPGDMINR 18.34 lakh
IMT, GhaziabadPGDMINR 17.55 lakh
BIMTECH, Greater NoidaPGDMINR 12.00 lakh
IRMA, AnandPGDRMINR 12.08 lakh
TAPMI, ManipalPGDMINR 15.10 lakh
Symbiosis Institute of Business Management, BangaloreMBAINR 8.00 lakh
XLRI Jamshedpur, Xavier School of ManagementPGDMINR 22.00 lakh
SPJIMR, MumbaiPGDMINR 17.87 lakh
ISB, HyderabadPGPMINR 35.98 lakh
Jamnalal Bajaj Institute of Management Studies, MumbaiMMSINR 6.00 lakh
NMIMS Mumbai, School of Business ManagementMBAINR 17.50 lakh
Prin. L. N. Welingkar Institute of Management Development & Research, MumbaiPGDMINR 11.00 lakh
K. J. Somaiya Institute of Management Studies And Research, MumbaiPGDM International BusinessINR 11.66 lakh
Xavier Institute of Management, XIMB, BhubaneshwarMBA Business ManagementINR 18.30 lakh
Great Lakes Institute of Management, ChennaiPGPMINR 17.15 lakh
Entrepreneurship Development Institute of India, AhmedabadPGDM Business EntrepreneurshipINR 13.22 lakh

Colleges with MBA Fees Less than Rs 10 lakh

Some of the colleges that have MBA fees less than INR 10 lakh per annum are provided in the table below.

CollegeProgram OfferedFees
IIT Delhi, Department of Management StudiesMBA Telecommunication Systems ManagementINR 8.80 lakh
IIT Bombay, Shailesh J. Mehta School of ManagementMBAINR 8.32 lakh
BITS, PilaniMBAINR 7.64 Lakh
IIT RoorkeeMBAINR 9.21 lakh
NITIE, MumbaiPGD Industrial Safety and Environmental ManagementINR 12.53 lakh
IIT Kharagpur, Vinod Gupta School of ManagementMBAINR 10.82 lakh
Symbiosis Centre for Management and Human Resource Development, PuneMBAINR 8.13 lakh
BML Munjal University, GurgaonMBAINR 5.25 lakh
Amity University, GwaliorMBAINR 5.16 lakh
KIIT School of Management, BhubaneswarMBAINR 9.2 lakh

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