MBA fees in India range from INR 20,000 to INR 40 lakh for the two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another.
MBA expenses in India for the full-time program go from INR 20,000 to INR 40 lakh. While the charges of MBA programs presented by colleges and government schools are pocket amicable, similar programs presented by confidential organizations is costly.
MBA Fees in India rely upon a few variables like framework, in-office, extra-curricular exercises, and teaching method. For instance, on the off chance that an MBA establishment offers a global inundation program wherein the up-and-comers need to visit an unfamiliar college for a semester or a specific length, the course expense of that foundation will be high. Then again, assuming the MBA organization is subsidized by the public authority, the charges will be low.
Indeed, one of the significant purposes for low MBA charges of government schools and colleges is a monetary guide given by the state or the focal government to run their scholastic projects.
MBA hopefuls who intend to seek an MBA course in the impending scholastic meeting should begin looking for the most reasonable MBA school for themselves now. In this pursuit, MBA expenses will be the main consideration to impact your choice.
While discussing MBA universities in India, it is difficult to not discuss the Indian Institute of Management (IIM), the chief MBA foundation of India. There are 20 IIM grounds in India and MBA expenses at IIMs range from INR 11 lakh to INR 23 lakh. While the charges of the PGP program at IIM Sirmaur are INR 11 lakh; the expenses of the MBA program at IIM Ahmedabad are INR 23 lakh.
Top 20 MBA Colleges in India with Low Fees
1. Christ University Bangalore
Christ University, Bangalore, is the first on our list of the best 20 MBA institutions in India with inexpensive tuition. The college is somewhat ancient, having been founded in 1969.
They provide MBA courses in a variety of specializations such as Business Analytics, Marketing, Human Resources, Finance, and others. This college accepts the following entrance tests for MBA admissions: CAT, XAT, MAT, ATMA, and CMAT.
The MBA tuition at this college is around 4.35 lakhs. The typical placement starts at 6 LPA and progresses to 15 LPA. The lowest pay is approximately 3 LPA. Hyundai, IBM, KPMG, Accenture, Infosys are the top companies to recruit from this college.
Check out their website at https://www.christuniversity.in
2. Department of Financial Studies, Delhi University
The next college on our list of the top 20 MBA colleges in India with inexpensive fees is the department of financial studies. This Delhi University college exclusively accepts CAT test results for MBA admissions. It is one of the cheapest colleges in India, offering MBA for 3 lakhs and providing the best return on investment.
The average wage supported by the majority of students from this college is 9.2 LPA, with the maximum pay reaching 18 LPA. So spending 3 lakhs and receiving at least double the amount in a year is a fantastic deal.
Axis bank, Deshaw, KPMG, SBI are the main recruiters.
Check out their website at https://mfc.edu
3. Tata Institute of Management Studies (TISS), Mumbai
TISS is a well-known and well-respected MBA college in India. Many people are surprised that this college is among the top 20 MBA colleges in India with inexpensive tuition. The cost of an MBA from TISS is around 2.38 lakhs.
This college’s educational quality is considerably superior to that of many other prestigious institutions. By all accounts, this is one of the top MBA institutions in India. Placements here are available up to a CTC of 20.06 LPA.
The top firms that give placements include Palmolive, Colgate, Taj Group, Infosys, Dell, and Swiggy.
Check out their website at https://www.tiss.edu
4. Delhi Technical University (DTU), Delhi
DTU is the next Delhi institution on our list of the best 20 MBA colleges in India with inexpensive fees. This college admits MBA students based on their CAT results. This university is well-known for having some of the greatest MBA instructors in the country. They even brag about their professor rank.
The cost of this college’s MBA is roughly 3.56 lakhs, which is reasonable for this programme. Their average annual wage rises to 6.4 LPA.
This college’s top recruiters include HP, HCL, Amazon, Genpact, Vivo, Yes Bank, and many more.
Check out their website at http://dtu.ac.in
5. Department of Management Sciences, (PUMBA) Pune
The Pune University department of management sciences, also known as the Pune University MBA, is one of the top institutions in India to study an MBA. This is without a doubt one of the top 20 MBA institutions in India with inexpensive tuition. This institute is associated with the University of Pune and provides an MBA for as little as 1.33 lakhs.
To gain admission to this college, candidates must take any of the following exams: CAT, MAT, XAT, CMAT, CET, ATMA, and MAH. The college offers positions starting at about 6.4 LPA. Some of the prominent organizations that hire from this campus include Croma, Bajaj Finserv, and Aditya Birla Group.
Read More – Top 20 IIITs of India
Check out their website at https://www.pumba.in
6. Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai
Jamnalal Bajaj Institute of Management Studies is another Mumbai-based college that makes our list of the top 20 MBA colleges in India with inexpensive fees (JIBMS). The college was established in 1965. It is a university college associated with the University of Mumbai.
This college’s MBA program costs roughly 3 lakhs. The following examinations are accepted for admission to this college: ATMA, MAH, CAT, MAT, and CET. The college’s top package is more than 17 LPA. This demonstrates that the ROI may be as high as six times the expenditure.
The major firms that hire students from this college are Indian Express, Godrej, Vodafone, bISLERI, and HSBC.
Check out their website at https://jbims.edu
7. Faculty of Management Studies (FMS), Delhi University
DU is famous for having some of the top 20 MBA colleges in India with low fees. FMS is another one from DU. The mind blowing price of an MBA course from this college is around twenty thousand only.
The university is affiliated to the Delhi University and is one of the best places to pursue MBA from. CAT exam scores are accepted for an admission in this college. The highest package offered by the college is around 23.2 LPA. Nestle, Paytm, SBI, HSBC, IBM, Pepsico are some of the companies to recruit from the campus.
Check out their website at http://www.fms.edu
8. Ambedkar University, Delhi
Ambedkar College is another Delhi college on our list of the best 20 MBA colleges in India with inexpensive fees. The tuition for an MBA at this institute is roughly 3 lakhs. It is a public university that was founded in 2007.
The institution has a lovely campus that is completely internet equipped, and its classrooms feature audio-visual equipment as well as sophisticated projectors. They provide MBA programs in HRM, Marketing, Finance, and Operations.
The college’s average CTC is approximately 6 LPA, while the highest CTC provided is over 10 LPA.
Check out their website at https://aud.ac.in
9. SIMSREE, Mumbai
The fee to do MBA in SIMSREE Mumbai is around 1.58 lakh that is totally great for this course. Mumbai also has a lot of great colleges for MBA at lower fee. MAT, XAT, CAT, ATMA, CMAT, MHT-CET are the top exams that need to be cleared to get an admission in this college.
It is a public government college that offers MBA and PGDM courses. The median salary offered by the college is 10.02 LPA. The highest domestic package is 17 LPA and highest international package is 19 LPA.
Check out their website at https://www.simsree.org/Simsree/
10. Chandigarh University
Another one in the list of top 20 MBA colleges in India with low fees is Chandigarh university. They offer MBA and PGDM in ten specialisations altogether. Hence, there are a lot of options. The fee for doing MBA in this college is around 3 lakhs.
The highest CTC offered to the MBA students is 28 LPA which is crazy against the fee they charge for it. The average CTC given to most of the students is 12 LPA.
Check out their website at https://www.cuchd.in
11. International School of Management and Research (ISMR), Pune
Next college in our list of top 20 MBA colleges in India with low fees is ISMR, Pune. This college got established in 2007 by Sri Balaji Education Society. It is one of the premier business schools of India. They offer MBA and PGDM courses in various disciplines.
The fee of MBA in this college is 3 lakh. CAT, MAT, SNAP, CMAT, ATMA, MAH CET are the exams through which this college accepts admissions. The average salary given to the students is 5.5 LPA and highest salary is around 15 LPA.
Check out their website at https://www.ismrpune.edu.in
12. Indira Institute of Management (IIMP), Pune
Indira College in Pune is one of the city’s most well-known MBA programs. It is more well-known since it is one of the top 20 MBA institutions in India with inexpensive tuition. Their tuition is cheap around 4 lakhs, which is really reasonable given their academic brilliance and placements.
The college was founded in 1994. The disciplines in which they offer MBA are HR, Finance, Marketing, and others. The average salary provided by the college is around 5.5 LPA. Wipro, Deloitte, Angel Broking, eclerx, are some of the top companies to recruit from the college.
Check out their website at www.indiraiimp.edu.in/
13. ASM’s Institute of Business Management and Research (IBMR), Pune
Another institution in a row on our list of the best 20 MBA colleges in India with inexpensive fees is ASM’s Institute of Business Management and Research, or IBMR, in Pune. It is a private institution founded in 1984.
Business Standard gives this college an A++. This college was ranked top by the All India Management Association (AIMA). The MBA tuition at this college is 3 lakhs. The maximum pay provided by IBMR in MBA is 12 LPA, which is four times the cost spent.
Check out their website at www.asmibmr.edu.in
14. AIMS Institute of Management Studies, Pune
Pune is undoubtedly a city brimming with MBA programs at reasonable pricing and with excellent employment opportunities. This college is affiliated with the KRSNA Educational Trust. The World Education Summit has named this college the “Best Innovative Management Institute in Pune.”
The MBA tuition at this college is around 3.69 LPA. They provide an MBA in a variety of areas, as well as other topics. Most pupils support a CTC of 6 LPA on average. They also collaborate academically with TISS.
Hands down, this is one of the top 20 MBA colleges in India with low fees.
Check out their website at https://aimsinstitute.in
15. MIT Pune
MIT is one of the top universities in Pune for studying MBA at a low cost. Their MBA price is 3.50 lakhs, placing them among the top 20 MBA institutions in India with the lowest rates. Because of its opulent facilities and spectacular campus culture, MIT is every student’s dream college.
In the business department, they have distinguished and knowledgeable faculty. MIT’s MBA placements are among the finest in the country. At the country’s top MNCs, the average compensation for MBA students is more than 4 LPA.
MIT develops and trains its students like no one else does.
Check out their website at https://mitwpu.edu.in
16. Doon Business School (DBS), Dehradun
Doon Business School breaks the monotony of Pune institutions in our ranking of the best 20 MBA colleges in India with inexpensive fees. The college was founded in 2007. The Uttarakhand Technical University is connected with the college.
It is without a doubt one of the best institutions in Uttarakhand for management and business courses. The average income offered to students is 7.4 LPA, with the college offering the maximum compensation of 23.5 LPA. This is in comparison to the price of 4.52 lakhs. The college accepts test results such as the MAT, CAT, CMAT, XAT, and GMAT.
Most of the Uttarakhand students who wish to pursue MBA get into this college for an amazing career ahead.
Check out their website at www.doonbusinessschool.com
17. GEMS B School, Bengaluru
GEMS B school is another college on our list of the best 20 MBA colleges in India with inexpensive fees. This college was founded 15 years ago in 2006. With an ASSOCHAM award, this institution was named the Most Preferred B School for Placements.
This college’s recognized exam for MBA is their own university exam called GEMS online entrance test. They promise 100% placement, as evidenced by their award. The major firms that hire students from this college are Capgemini, Airtel, TCS, Accenture, and Vodafone. Their MBA tuition is Rs. 4.20 lakhs.
Check out their website at www.gemsbschool.com
18. Galgotias University, Noida
The MBA tuition at this institute is around 4.47 lakhs. They provide an MBA in healthcare and hospital administration. There are various MBA programs available, such as finance, human resources, and marketing.
This university is quite new, having opened its doors in 2011. With over 450 major firms visiting the campus for drives, they have a 100% placement record. It is one of the top 20 MBA institutions in India with affordable tuition.
MAT, NMAT, CAT, CMAT, and GMAT are the exams approved in this college for an MBA admission. They offer MBA in financial management, aviation management, logistics and supply chain management and lots of other disciplines.
Check out their website at https://www.galgotiasuniversity.edu.in
19. BK School of Management
Without including this college, our list of the best 20 MBA colleges in India with inexpensive fees would be incomplete. They provide MBA programs for as little as Rs 80,000. This is an Ahmedabad-based college that was founded in 1976. There are 14 MBA streams available, so there is plenty of variety.
The CMAT and CAT are the entrance tests required for admission to this college. Some of the top campus recruiters are HDFC, Amul, Adani, Vodafone, and ITC. The average income provided to students is between 4 and 5 LPA. The maximum wage has risen to 20 LPA.
Check out their website at https://bkschool.org.in/
20. Maharishi Dayanand University (MDU), Rohtak
MDU in Rohtak is the final institution on our list of the best 20 MBA colleges in India with inexpensive fees. It is a state university that has been authorized by the UGC and is a member of AIU. MBA programs are available at this institute for as little as Rs 85,000.
Their NAAC certification is A+, and they are ranked 76 on the NIRF. They provide MBA programs in general, business economics, MBA specializations, hotel management and catering technology, and a variety of other subjects. MBA and PGDM students may expect to earn between 4.5 and 6.61 LPA on average. This is four times the amount invested. The majority of students guarantee this offer.
Lots of top MNCs visit the campus to recruit the students every year. Some of the top names are Accenture, Capgemini, TCS, Tata Motors, L&T, and lots more.
Check out their website at https://mdu.ac.in
MBA Fees of Top B-Schools Other than IIMs
Some of the top B-Schools apart from the IIMs are FMS Delhi, XLRI-Jamshedpur, MDI-Gurgaon, SPJIMR-Mumbai, and IIFT-Delhi. These institutes offer the best infrastructure, faculty, pedagogy, international exposure, and placements. MBA fees of these B-schools range from INR 11 to INR 35 lakh. The only exception here is FMS-Delhi whose fee is INR 20, 960 per year. Take a look at the MBA fees of some of the top B-schools in India other than IIMs.
NOTE: Fees mentioned above may change in the upcoming academic year. However, the candidates can avail of scholarships and financial assistance offered by these institutes in getting a study loan from banks.
MBA Fees are Less than INR 10 lakh
Most of the MBA colleges in this fee range are the departments of management studies of IITs. The MBA programs offered by these institutes are not only economical as compared to private B-Schools but are also highly ranked in the annual ranking by MHRD-NIRF and offer excellent placement opportunities. Take a look at colleges with MBA fees less than INR 10 lakh:
|IIT Delhi – Department of Management Studies||MBA Telecommunication Systems Management||INR 8.80 lakh|
|Symbiosis Centre for Management and Human Resource Development, Pune||MBA||INR 8.13 lakh|
|IIT Bombay – Shailesh J. Mehta School of Management||MBA||INR 8.32 lakh|
|NITIE-Mumbai||PGD Industrial Safety and Environmental Management||INR 7.62 lakh|
|IIT Kharagpur-Vinod Gupta School of Management||MBA||INR 6.19 lakh|
|BITS-Pilani||MBA||INR 8.04 Lakh|
|IIT Madras – Department of Management Studies||MBA||INR 6.89 lakh|
|IIT Roorkee||MBA||INR 6.23 lakh|
MBA Fees Less than INR 5 lakh
MBA colleges in this fee range include popular institutes like Symbiosis International University (Deemed) and Prin. L N Welingkar, Christ University, Chandigarh University, and Amity University. These universities offer a number of MBA programs for fees that will not burn a hole in your pocket. Take a look at colleges with MBA fees less than INR 5 lakh:
|B-school||MBA/PGP Course Name||Fees|
|Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai||PGP Media and Entertainment Management||INR 3.00 lakh|
|Christ University, Bangalore||MBA Leadership and Management||INR 3.10 lakh|
|International School of Management and Research-ISMR||MBA||INR 3.00 lakh|
|CU – Chandigarh University||MBA Tourism and Hospitality Management||INR 3.28 lakh|
|Indira Institute of Management – IIMP||MBA||INR 4.00 lakh|
|ASM’s Institute of Business Management and Research-IBMR||MBA||INR 3.00 lakh|
|Jamnalal Bajaj Institute of Management Studies-Mumbai||MMS||INR 3.00 lakh|
|Pune Institute of Business Management||PGDM||INR 4.05 lakh|
|Amity University||MBA in Agriculture and Food Business||INR 4.47 lakh|
|AIMS Institute of Management Studies||MBA||INR 3.69 lakh|
|MIT Pune-MIT World Peace University||MBA||INR 3.50 lakh|
|DBS-Doon Business School||MBA International Business||INR 4.52 lakh|
|Gems B School, Bangalore||Corporate MBA||INR 4.20 lakh|
|Galgotias University-GU||MBA Healthcare and Hospital Management||INR 4.47 lakh|
|IES Management College and Research Centre (IES MCRC)||MMS||INR 4.20 lakh|
|DTU-Delhi Technological University (DCE)||MBA Business Analytics||INR 3.56 lakh|
|SRCC-Shri Ram College of Commerce||PGDM Global Business Operations||INR 3.20 lakh|
Students shortlisting their preferred MBA institutes must keep in mind the colleges mentioned in the above table as they offer various upcoming specializations in MBA for low fees.
MBA Fees Less than Rs 1 lakh
MBA colleges with fees less than INR 1 lakh are mostly departments of management studies of central or state-level universities. Even though their fees are low, these institutes are recognized by the University Grants Commission (UGC). Take a look at some of the popular MBA colleges with fees less than INR 1 lakh.
|FMS-New Delhi||MBA||INR 20,960|
|Jamia Millia Islamia-JMI||MBA in International Business||INR 33,170|
|WE School-Prin. L. N. Welingkar Institute of Management Development and Research||PGP Foreign Trade Management||INR 94,400|
|BK School of Business Management||MBA in Maritime Management||INR 80,000|
|Amity University||PGD in Health and Wellness Management||INR 54,000|
|Department of Financial Studies, the University of Delhi||MBA in Financial Management||INR 26,000|
|Institute of Management Studies, Banaras Hindu University||MBA in International Business||INR 98,888|
|Maharshi Dayanand University-MDU||Master of Hotel Management and Catering Technology||INR 84,468|
|Tata Institute of Social Sciences, Mumbai||PG Diploma in Community Media||INR 40,600|
|University Business School, Chandigarh-Panjab University||MBA HRM||INR 60,000|
|Vishwa Vishwani School of Business||MBA||INR 54,000|
|Garware Institute of Career Education and Development, University of Mumbai||PGD Retail Management||INR 65,420|
|YMCA-New Delhi||PGD Aviation & Tourism Management||INR 61,256|
|Utkal University||PGD Banking & Insurance Management||INR 40,600|
|Maharshi Dayanand University Center, Dwarka||MBA||INR 48,000|
|Indian Institute of Social Welfare and Business Management-IISWBM||PGD Supply Chain and Logistics Management||INR 70,000|
|Chaitanya Bharathi Institute of Technology||MBA||INR 86,000|
|Andhra University, Visakhapatnam||MHRM||INR 24,440|
|Babu Banarasi Das University||PGD Sports Management||INR 80,000|
|Gujarat University||PGD Export-Import & International Finance||INR 6,000|
|AMU – Aligarh Muslim University||PGD Public Relations||INR 3,500|
|Patna University||PGD HRD||INR 9,500|
|University College of Commerce and Business Management, Osmania University||MBA Technology Management Programme||INR 20,000|
|Gauhati University-GU||Master of Business Economics||INR 14,090|
|Department of Management Studies, Anna University||MBA||INR 56,550|
|GD Goenka University-GDGU||PGD Supply Chain Management||INR 90,000|
|Doon University||PGD Security Management||INR 40,000|
|CUSAT-Cochin University of Science and Technology||MBA||INR 42,000|
People Also Ask –
1. Which is the cheapest college for MBA in India?
Answer. Cheapest colleges to study MBA course in India – Placement
|Name of the college||Average/Median Salary (in Rs.)|
|Delhi School of Economics, DU||–|
|Tata Institute of Social Sciences (TISS), Mumbai||Rs. 4.80 lakhs|
|Pune University Department of Management Sciences (PUMBA)||–|
|FMS BHU||Rs. 7.20 lakhs|
2. Which college is best for MBA with low fees?
Answer. Register now from the website
|Top MBA college with Low Fees||Programme Fee|
|Faculty of Management Studies (FMS) Delhi – University of Delhi||Rs. 1,94,000|
|Delhi School of Economics, Delhi University||Rs. 32,000|
|GGSIPU, Delhi||Rs. 59,000|
|PUMBA, Pune||Rs. 1,34,000|
3. How much it cost for MBA in India?
Answer. MBA fees abroad may cost anywhere from Rs. 20 to 50 lakh, whereas fees for top MBA colleges in India are somewhere between Rs. 7.5 to 25 lakh.
4. Where can I study MBA for free in India?
Answer. Some of the popular Indian colleges that provide students with the option of online MBA courses are given below: which are not free but costs less compared to many online programs.
- Amity University Online, Noida.
- ITM University Online, Navi Mumbai.
- Symbiosis Centre for Distance learning, Noida.
- National Institute of Business Management (NIBM), Coimbatore.
- Great Lakes Institute of Management.
5. What is the lowest MBA fee?
Answer. Top MBA Colleges in India With Low Fees
|Amity University||MBA in Agriculture and Food Business||INR 4.86 L – 20.16 L|
|Ambedkar University||MBA||INR 3 L|
|AIMS Institute of Management Studies||MBA||INR 3.95 L – 5.9 L|
|MIT Pune – MIT World Peace University||MBA||INR 3.5 L|
6. Which is the No 1 MBA colleges in India?
Answer. IIM Ahmedabad leads the list of the top MBA colleges in India followed by IIM Bangalore, then IIM Kolkata and so on. NIRF rankings showcasing the top MBA colleges in India 2021 include the above three and IIM Kozhikode, IITs like IIT Delhi, XLRI MDI Gurgaon to name a few.
7. Is MBA free in Germany?
Answer. All students looking to pursue a Masters in Business Administration (MBA) are informed that most publicly funded universities in Germany levy no tuition fees. Students are however required to pay an Administration Fee at the beginning of every academic year.
8. Is CAT very difficult?
Answer. Overall CAT has a moderate difficulty level, but it can turn easy for sometimes who start their preparation early and keep practicing all the three sections. If well planned, you can easily crack the CAT! It just tests your math and logical skills of grade tenth level tenth class.
Frequently Asked Questions
Q1. How much does an MBA cost in India?
Ans. Generally, MBA Fee ranges from Rs 5.0 Lakhs to 15.0 Lakhs. MBA Colleges in India with Fee Structures are below. There are 20 IIMs in India.
Q2. What is the minimum fees for MBA in India?
Ans. Top MBA Colleges in India With Low Fees
|ASM’s Institute of Business Management and Research-IBMR||MBA||INR 3 L – 6.5 L|
|Amity University||MBA in Agriculture and Food Business||INR 4.86 L – 20.16 L|
|Ambedkar University||MBA||INR 3 L|
|AIMS Institute of Management Studies||MBA||INR 3.95 L – 5.9 L|
Q3. What is the total cost of an MBA?
Ans. The total course fee for an MBA degree is INR 11. 75 lakh.
Q4. Can I do MBA with low fees?
Ans. The low-fee MBA colleges in India are the low-fee and high-placement management institutes affiliated with top universities.
|IIMs with Low Fee MBA||MBA Fee Structure|
Q5. Which MBA field is best?
Ans. 7 MBA Specializations to Enhance Your Professional Career
- MBA in Accounting. An MBA in Accounting prepares graduates to measure, analyze, interpret, and communicate economic data.
- MBA in Analytics Intelligence.
- MBA in Healthcare Management.
- MBA in Human Resources Management.
- MBA in Management.
- MBA in Marketing.
Q6. Why are MBA fees so high?
Ans. Many programs incorporate the costs of international business trips, real-world consulting projects, and other experiences into their fees. Equally, organizing career fairs, workshops, and coaching make providing an MBA an expensive endeavor for schools.