Top Government MBA Colleges in India with low Fees

Top Government MBA Colleges in India with Low Fees

Looking to get the details about MBA government college fees? In this article, we have put all the data together to help you figure out your dream college which includes Top Government MBA Colleges in India 2023 which also includes MBA government college fees, Fee Structure For MBA in Government Colleges, MBA Fees in Private Colleges and many more details.

Because of their outstanding academic output, the top Indian government MBA colleges are internationally recognized. These colleges will accept your CAT score to admit you. These colleges strive to bring excellence to their students. Indian Institute of Management (IIM), is a well-known name for students who plan to study management master. Many students consider IIM a dream. IIMs is a grouping of 20 institutions that offer management education. Some of the most prestigious IIMs include IIM Ahmedabad and IIM Bangalore.

The Faculty of Management Studies at the University of Delhi is another well-respected government MBA college in India. FMS is a well-known Indian MBA college that is known for its ability to teach students entrepreneurial skills. National Institute of Industrial Engineering in Mumbai; Department of Management Studies at Indian Institute of Technology Delhi; JBIMS Jamnalal Bajaj Institute of Management Studies in Mumbai]); and Department of Management Studies at Indian Institute of Science, Bangalore. These are just a few of the top government MBA colleges across India.

Some insights of colleges from other regions as well: Fee Structure For MBA in Government Colleges

Fees for MBA courses in government colleges are low. The fees in those government colleges are listed here.

Colleges	Annual Fees
Jamia Millia Islamia University, New Delhi	INR 65,100
University of Delhi, Faculty of Management Studies, New Delhi	INR 96,000
Institute of Management Studies, Banaras Hindu University, Varanasi	INR 1,20,767
Department of Management Studies, Anna University, Chennai	INR 20,500
Pondicherry University, Pondicherry	INR 74,718
University of Jammu, Jammu	INR 78,071
Maharaja Sayajirao University of Baroda, Vadodara	INR 14,500
Ganpat University, Mehsana	INR 95,000
RKDF University, Bhopal	INR 50,000
Department of Management Science, Savitribai Phule Pune University, Pune	INR 66,194

Synopsis - 

The Master of Business Administration (MBA) is a professional degree program available at the postgraduate level of higher education. Most institutions choose students based on their admission test results, academics, and job experience. Shortlisted applicants must next take a Written Ability Test (WAT), a Group Discussion (GD), and a Personal Interview (PI). Following this, the individual B-schools compile a merit list.

Top Government MBA Colleges in India with NIRF Ranking 2022

Every year, the NIRF rankings are issued in line with the framework's yearly statistics. Rankings and ratings are based on five factors: graduation rate, research and professional practices, teaching and learning resources, and overall impression of the school.

Following is a list of the top government MBA colleges in India ranked by NIRF 2022:

College Name	NIRF 2022
Indian Institute of Management, (IIM) Ahmedabad	1
Indian Institute of Management, (IIM) Bangalore	2
Indian Institute of Management, (IIM) Calcutta	3
Indian Institute of Technology, (IIT) Delhi	4
Indian Institute of Management, (IIM) Kozhikode	5
Indian Institute of Management, (IIM) Lucknow	6
Indian Institute of Management, (IIM) Indore	7
National Institute of Industrial Engineering, (NITIE) Mumbai	9
Indian Institute of Technology, (IIT) Madras	10

Fee Structure For MBA in Government Colleges 2023 ( Less than 1 Lakh)

Top government colleges in almost all states in India provide MBA courses. Fees for MBA courses in government colleges are low. The fees in those government colleges are listed here.

Colleges	Annual Fees
Jamia Millia Islamia University, New Delhi	INR 65,100
University of Delhi, Faculty of Management Studies, New Delhi	INR 96,000
Institute of Management Studies, Banaras Hindu University, Varanasi	INR 1,20,767
Department of Management Studies, Anna University, Chennai	INR 20,500
Pondicherry University, Pondicherry	INR 74,718
University of Jammu, Jammu	INR 78,071
Maharaja Sayajirao University of Baroda, Vadodara	INR 14,500
Ganpat University, Mehsana	INR 95,000
RKDF University, Bhopal	INR 50,000
Department of Management Science, Savitribai Phule Pune University, Pune	INR 66,194

MBA Fees in Private Colleges 2023 (Less than 10 Lakhs)

More than 70% of colleges providing MBA are private colleges. Generally, the fees for MBA in private colleges are high and the fees in those private colleges are listed here.

Colleges	Annual Fees
Vinod Gupta School of Management, Kharagpur	INR 5,21,900
Woxsen University, Hyderabad	INR 6,95,000
Symbiosis Institute of Business Management, Pune	INR 9,60,000
ICFAI Foundation for Higher Education, Hyderabad	INR 7,02,000
KIIT School of Management, Bhubaneswar	INR 6,80,000

How can I get a scholarship for MBA in India?

MBA in India is one of the most popular degrees, ensuring students a successful career. For millions of students, it is more than just a diploma. It is a fantasy that will never be realized due to the exorbitant price involved. Given the high cost of the degree, government schools and the government are developing government scholarships for MBA students in India in order to give financial aid to worthy students through MBA scholarships in India.

Five well-known MBA scholarships available in India are listed below with their eligibility and steps to apply, have a look:

1. Post Graduate Merit Scholarship For University Rank Holder. 
2. ONGC Foundation Scholarship Scheme for OBCs. 
3. Post Graduate Scholarship for Professional Courses for SC/ST.
4. Merit cum Means Scholarship for Professional and Technical Courses
5. OPJEMS (O. P. Jindal Engineering & Management Scholarships)

Government Scholarship for MBA Students in India 

There are various government scholarships for MBA students that offer full-time management scholarships. Five well-known MBA scholarships available in India are listed below with their eligibility and steps to apply, have a look:

1. Post Graduate Merit Scholarship For University Rank Holder

The scholarship program is at the top of our list of Government Scholarships for MBA Students. The University Grant Commission (UGC) of the Government of India is giving Post Graduate Merit Scholarships to university-rank holders. This program focuses on top and second-place graduates around the country in various graduating courses. The grant is intended to encourage bright students to pursue postgraduate study.

Who all are eligible:

1. You must be under 30 years old.
2. A post-graduate program at a university (central/state) or one of the deemed universities/private universities/25 independent institutions/non-UGC affiliated colleges is required.
3. The prior graduation test must have resulted in a first or second-place finish.
4. A bachelor’s degree in biological sciences, physical sciences, chemical sciences, earth sciences, mathematical sciences, social sciences, commerce, or language is necessary.
5. A minimum grade point average of 60% is necessary for graduation.

How to apply:

1. Visit the website NSP.
2. Read the guidelines carefully before registering.
3. Then, choose your scholarship.
4. Fill in the blanks with your basic information.
5. Send your scholarship in and keep a copy for future reference.

2. ONGC Foundation Scholarship Scheme for OBCs

The ONGC Foundation Scholarship Scheme is our second top Government Scholarship for MBA students. As part of its CSR strategy, the Oil and Natural Gas Company provides a range of scholarships to OBC and other minority communities. Those who are presently enrolled in the first year of a full-time Engineering/MBBS/MBA/Master in Geology/ Geophysics degree program at a recognized university are eligible to apply for the Foundation Scheme for OBCs.

Eligibility:

1. Age should not exceed 30 years.
2. Indian nationality is required.
3. 1st year engineering graduate/1st year MBA master’s degree
4. Family income should not exceed Rs. 200,000 per year.
5. 60% or above in 12th grade

Reward:

The selected scholars will get a lump sum amount of INR 4,000 per month i.e. INR 48,000 per annum.

How to Apply:

1. On the website, https://www.ongcscholar.org/ applicants must complete an online application form.
2. To apply for a scholarship, go to the official website and choose the “Apply scholarship” option on the home page.
3. Now select “ONGC Scholarship for OBC Category” from the drop-down menu.
4. Fill up the needed information.
5. After double-checking the form, submit it.

3. Post Graduate Scholarship for Professional Courses for SC/ST

The plan was designed with candidates from the lowest parts of society in mind, with the purpose of giving them the chance to pursue postgraduate courses in professional topics such as engineering, technology, management, and pharmacy in Indian universities, institutes, and colleges.

Eligibility:

• Candidates who have completed their undergraduate studies and have been admitted into the first year of a professional postgraduate program are eligible for this scholarship.
• The applicant must be pursuing a master’s degree on a full-time basis.
• The upper age limit for male applications should not exceed 45 years, while the upper age limit for female candidates should not exceed 50 years.

Reward:

Candidates chosen for PG scholarships will get a monthly scholarship of Rs.5000/- (M.Tech) with a contingency grant of Rs.15000/- per year, and a monthly scholarship of Rs.3000/- with a contingency grant of Rs.10,000/- each year for the duration of the PG Scholarship.

How to Apply:

1. Only online application forms are available for filling up.
2. Students can apply for national scholarships by going to the national scholarship portal.
3. To apply online, go to this link.
4. Students must click on “New User/ Register” after clicking on this link.
5. To register, read over all of the guidelines and then click the proceed button.
6. In the registration form, fill in all of the essential information.

4.  Merit cum Means Scholarship for Professional and Technical Courses

Moving on, we have the Merit cum Means Scholarship for Professional and Technical Courses on our list of Government Scholarships for MBA Students.

The Scheme’s purpose is to give financial assistance to qualified impoverished students from minority groups so that they can pursue professional and technical education.

Eligibility:

1. Muslims, Sikhs, Christians, Buddhists, Jain, and Zoroastrians are examples of minority groups (Parsis).
2. Students who obtained at least 50% or an equal grade on their last final test will be considered for a scholarship.
3. Whose parents/guardians’ total yearly income does not exceed Rs.2.50 lakh.
4. The candidate must be a student in an Indian government or accredited private university, institute, college, or school.
5. The program you are interested in should last at least a year.

Reward:

Rs. 20,000/- per annum, whichever is less, subject to actuals

How to Apply:

• For online application, visit https://scholarships.gov.in
• Search for the scholarship scheme there
• Enter the required details
• Submit before re-checking the added information

5. OPJEMS (O. P. Jindal Engineering & Management Scholarships)

The O.P. Jindal Engineering and Management Scholarships are ranked seventh among government scholarships for MBA students. The Group created these scholarship programs in 2007. (OPJEMS). 

These scholarships promote academic and leadership success and are awarded to worthy students who share Shri O. P. Jindal’s vision and beliefs, as well as the potential to lead in entrepreneurial accomplishment and innovation.

Eligibility:

• First 10 best performers from each management year- a. First-year students: the college considers entrance exam ratings for admitting students.
• Students in their second, third, and fourth years, depending on their academic results the previous year.

Reward:

INR 1,50,000 for each Management Student

How to Apply:

1. Visit the official website: www.opjems.com
2. Click on the OPJEMS 2021 Link
3. Read all the instructions carefully, and then start filling out your application
4. Submit the form before re-checking the added information

What are the Top Outlook-ICARE India MBA Rankings 2023? 

Ans. Outlook-ICARE India MBA Rankings 2023: India's Top Government MBA Colleges

Rank	1
Institution	Indian Institute of Management Ahmedabad
Place	Ahmedabad
State	Gujarat
Rank	2
Institution	Indian Institute of Management Bangalore
Place	Bangalore
State	Karnataka
Rank	3
Institution	Indian Institute of Management Calcutta
Place	Kolkata
State	West Bengal
Rank	4
Institution	Indian Institute of Management Lucknow
Place	Lucknow
State	Uttar Pradesh
Rank	5
Institution	Indian Institute of Management Indore
Place	Indore
State	Madhya Pradesh
Rank	6
Institution	Indian Institute of Management Shillong
Place	Shillong
State	Meghalaya
Rank	7
Institution	Indian Institute of Management Ranchi
Place	Ranchi
State	Jharkhand
Rank	8
Institution	Indian Institute of Management Raipur
Place	Raipur
State	Chhattisgarh
Rank	9
Institution	Faculty of Management Studies, University of Delhi
Place	New Delhi
State	Delhi
Rank	10
Institution	Jamnalal Bajaj Institute of Management Studies
Place	Mumbai
State	Maharashtra
Rank	11
Institution	Pondicherry University
Place	Kalapet
State	Puducherry
Rank	12
Institution	Indian Institute of Management Kashipur
Place	Kashipur
State	Uttarakhand
Rank	13
Institution	Anna University
Place	Chennai
State	Tamil Nadu
Rank	14
Institution	Guru Gobind Singh Indraprastha University
Place	New Delhi
State	Delhi
Rank	15
Institution	Panjab University
Place	Chandigarh
State	Chandigarh

Government MBA Colleges in Kolkata

Kolkata The capital of legend city of West Bengal is one of India’s most sought-after MBA destinations. The top MBA institutions in Kolkata provide top-quality MBA training with top scores. The very first IIM of the nation, IIM Calcutta, was founded in Kolkata. Master of Business Administration or MBA is among the most sought-after postgraduate programs in Kolkata. The two-year program can lead to an abundance of jobs in the business world.

MBA is offered in Kolkata is available through three different MBA schools, which include the IIMs which include IIM Calcutta; AICTE Approved PGDM Colleges such as IMI, MDI, Globsyn, Calcutta Business School and University MBA colleges such as IIFT, IISWBM, XBS, IEM. These management schools are what make Kolkata the most sought-after MBA destination. 

A successful MBA professional must have attributes that include excellent leadership, communication management, problem-solving, analytical, and research-oriented thinking, attention to detail, goal-oriented and ability to perform under pressure, with strong math skills, etc.

Top MBA Colleges in Kolkata Highlights

Parameters	Particulars/Statistics
Number of MBA Colleges in Kolkata	95
Fees	Annual Fee more than 5 lakh- 37% Annual Fee between Rs. 3-5 lakh- 36% Annual Fee between 2-3 lakh- 12% Annual Fee between 1-2 lakh- 7% Annual Fee less than 1 lakh- 8%
Top Specialisations	Sales and Marketing, Finance, Human Resources, IT and Systems, Operations, and many more
Number of IIMs	One

In Kolkata, MBA degree is offered across various specializations. Candidates must graduate from recognized institutions/colleges with a minimum passing percentage. The duration of MBA course is two years. The best MBA colleges in Kolkata accept scores obtained by students in numerous national or state-level examinations, including MAT, CAT, JEMAT, CMAT, XAT, ATMA, NMAT, FDDI AIST, etc. 

MBA Colleges in Kolkata Eligibility Criteria

The eligibility criteria for MBA courses may differ from college to college. However, the basic eligibility criteria for MBA are as follows. The candidates:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criterion for MBA (full-time).
• Most of the institutes follow the minimum score criteria for graduation which are 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
• Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

List of Top Private and Government MBA Colleges in Kolkata

There are approximately 85 MBA colleges in Kolkata that offer MBA courses, out of these 62 colleges are private, 9 are public and the rest are public/private. Here is the list of some of the top private and public MBA colleges in Kolkata:

List of Private MBA Colleges in Kolkata 

Private Colleges	Course Fee (in Rs)
Praxis Business School (PBS), Kolkata	7.57 L
Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata	75 K - 6 L
Adamas University	5.17 L
NSHM Knowledge Campus, Kolkata	6.15 L
Institute of Management Study (IMS), Kolkata	2.35 L - 3.75 L

List of Public/Government Colleges in Kolkata

Public Colleges	Course Fee (in Rs)
Indian Institute of Management (IIM) Calcutta, Kolkata	16.2 L - 20 L
Indian Institute of Foreign Trade (IIFT), Kolkata	16.25 L
Calcutta University	16.51 K - 1.76 L
University of Kalyani (KU), Kolkata	50 K
Footwear Design and Development Institute (FDDI), Kolkata	5.18 L

ROI of Top MBA Colleges in Kolkata

Return on Investment refers to knowing the benefit of placements divided by the fees paid for the program. Candidates can know the colleges which have a high or low return on investment. It is the major factor for the students to know the institute/college to apply for.

College Name	Course Fee in Rs.	Average salary (in Rs LPA)
Indian Institute of Foreign Trade (IIFT) Kolkata	18.25 lakhs	18.01
Indian Institute of Management (IIM) Calcutta	20 - 24 lakhs	25.36
International Management Institute (IMI) Kolkata	13 lakhs	6.9
Management Development Institute (MDI) Murshidabad	10.42 lakhs	9.03
Indian Institute of Social Welfare & Business Management (IISWBM), Kolkata	75 k - 6 lakhs	5.8

Government MBA Colleges in Delhi

When compared to other places, MBA in Delhi provides an outstanding learning experience with high placements. In Delhi, there are over 130 MBA institutions. 

There are around 16 government institutions and 69 privately operated colleges among these. The bulk of MBA programs in Delhi is offered by private universities.

MBA Colleges in Delhi Highlights

Refer to the table below to know some of the highlights for MBA colleges in Delhi.

Parameters	Particulars/Statistics
No. of MBA colleges in Delhi	Approximately 130 Delhi MBA Colleges
Fees	-Annual Fees < Rs 1 lakh: 10% -Annual Fess > Rs 5 lakh: 37%
Top Specialisations	MBA in Finance, MBA in Sales and Marketing, MBA in HR, MBA in Healthcare and Hospital, MBA in Operations, MBA in International Business, MBA in Business Analytics

When it comes to MBA programs, Delhi is one of the most popular destinations. With the position of a National Capital and an active corporate interface, the mood and wave it provides are very appropriate and distinct. The following are some important reasons why Delhi is one of the most sought-after educational destinations:

The capital city is home to a number of uncontested top MBA schools. In addition to a number of top MBA programs, Delhi provides industry contacts due to the presence of a big number of Fortune 500 organizations. Students can also pick from a variety of MBA specializations provided by these universities.

Top MBA institutions in Delhi accept marks from a variety of national and state-level examinations. The most common qualifying test for admittance to MBA programs in Delhi is the CAT. This test is followed by others like MAT, XAT, CMAT, ATMA, MAH CET, SNAP, MHT CET, NMAT, ICAR AIEEA, and so on..

MBA Colleges in Delhi: Eligibility Criteria

The eligibility criteria for MBA courses may differ from one college to another. However, the basic eligibility criteria for MBA is as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognized university or institute.
• Most of the institutes follow the minimum score criteria in graduation which are 50% aggregate or equivalent CGPA. For reserved category students, the minimum score is 45% in aggregate or equivalent CGPA. However, this may vary from one institute to another.
• Final-year graduation students are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

List of Top Private and Government MBA Colleges in Delhi

Private MBA Colleges in Delhi

Refer to the table below to know the top private MBA colleges in Delhi with fees:

Name of the Institute	Course Fee (in Rs)
International Institute of Health Management Research	7.25 lakh
International College of Financial Planning (ICOFP)	7.2 lakh
JIMS Kalkaji	7.95 lakh
IMI Delhi	17.68 lakh
Lal Bahadur Shastri Institute of Management	11.67 lakh

Government MBA Colleges in Delhi

Refer to the table below to know the top government/public MBA colleges in Delhi with fees

Name of the Institute	Course Fees (in Rs)
Department of Management Studies, IIT Delhi	8.8 lakh to 9.6 lakh
Indian Institute of Foreign Trade	18.24 lakh
Jamia Milia Islamia	47K to 1.3 lakh
Faculty of Management Studies	1.92 lakh
Delhi School of Management, DTU	3.96 lakh

Top 10 Government MBA Colleges in Mumbai

MBA is the most prestigious and lucrative degree being offered in India. Admission to the course is carried out by various Entrance Exams and exams are structured so as to access the ability of the candidates.

Get the list of the best 50 private / government MBA colleges in India based on placement, Academic excellence, Infrastructure, education, faculty, intellectual capital, and so on.

Here is the list of top colleges of government for MBA applicants. These are the prestigious colleges in India. Since MBA is one of the most coveted courses in India, return on investment always remains a big attraction and proves to be substantial. Though MBA gives you a launchpad in the corporate world the price paid for it sometimes might not suit your pocket. Here are some top-tier 1 Government MBA colleges that provide the best ROI in the country.

MBA Government colleges in Mumbai offer top-quality MBA advice with high-game strategies for growing and sustaining within the business world. MBA has consistently been referred to like a saw, bringing the possibility of stopping the ladder or climbing to the top of the corporate ladder. It is regarded as unique among other major decisions made by the students of the board after graduation.

If you’re looking to have greater flexibility following the completion of your degree and are hoping to acquire abilities that employers will appreciate seeking your MBA degree will be the best choice. It provides the skills that you can use to fill the role of a manager or enter the market or simply grow in your career. In this blog, we’ll discuss everything you need to be aware of when pursuing an MBA at a government college!

The top MBA institutions in Mumbai provide MBA along with PGDM (Postgraduate Certificate in Management) via Offline, Online, and Distance learning modes. Mumbai is often referred to as the “City of Dreams” or the “Finance Capital of India” is home to more than 260 of the top MBA schools in India. There are 57 MBA institutions in Mumbai that are endorsed by AICTE and 17 are accredited by UGC. The top MBA school in Mumbai provides MBA with different specializations ranging from Marketing and Finance up to Supply Chain Management and Urban Planning.

• Of the total 262 MBA colleges in Mumbai, Around 106 are private, and 11 are MBA government-run colleges in Mumbai.
• Indian Institute of Technology – [IITIIT Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management & Research are placed at 10, 12, and 19 respectively in NIRF The ranking for 2021.
• Shailesh J. Mehta School of Management SJMSOM, SPJIMR, IIT Bombay, SBM, NMIMS are some of the most prestigious colleges to study MBA located in Mumbai.
• MBA admissions to the best MBA colleges in Mumbai are usually made by taking an entrance exam known as the CAT. But many colleges will take other entrance examinations for management scores, such as NMAT, MAT CMAT, ATMA, MAH CET, GMAT, and GRE.
• IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSThe IHM Mumbai, Bharati Vidyapeeth College of Hospital and Tourism Navi Mumbai ITM Institute of Hotel Management Mumbai are among the best Hotel Management Colleges in Mumbai.
• The fees for taking MBA or PGDM courses at the top MBA schools in Mumbai vary from INR 500,00 to 30 Lakhs per year , depending on the college.
• A few of the best MBA institutions in Mumbai charge lower than INR 60,000. These include K. C. College of Management Studies [KCCMSMumbai, ISMS Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
• The top MBA schools in India provide lucrative opportunities for placement with attractive packages and high ROI. The average CTC is priced at 18-30 LPA.
• Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top firms that take part in programs for placement offered by the best MBA schools in Mumbai.
• SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the most prestigious colleges in Mumbai to study MBA in Finance. They are also ranked among the 10 best MBA schools in Mumbai.

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

College Name	Average Fees(INR)
SPJIMR, Mumbai	17,50,000
NMIMS, Mumbai	19,76,000
NITIE Mumbai	12,53,000
JBIMS Mumbai	6,00,000
K J Somaiya Institute of Management, Mumbai	14,94,000
SIES, Mumbai	7,20,000
SIMSREE, Mumbai	1,46,000
IESMCRC, Mumbai	6,00,000
Chetana’s Institute of Management and Research	6,60,000
SDA Bocconi Asia Center, Mumbai	18,60,000

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of the top 10 MBA colleges in Mumbai along with their average annual fees

Name of the College	Average Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai	INR 6,91,000
National Institute of Industrial Engineering - [NITIE], Mumbai	INR 7,03,000
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai	INR 50,400
Mumbai University - [MU], Mumbai	INR 55,000
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai	INR 1,00,905
Hansraj Jivandas College of Education, Mumbai	INR 6,600
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai	INR 63,791
Vikas Night College of Arts Science and Commerce, Mumbai	-
Thakur Global Business School - [TGBS], Mumbai	INR 4,80,000
Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai	INR 1,99,000

Top MBA Colleges in Mumbai: NIRF Ranking 2021

NIRF (National Institutional Ranking Framework) is the premier ranking agency in India and is run by the NIRF (National Institutional Ranking Framework) is the top rating agency for India and is managed through the Ministry of HRD, Government of India. It is the authority to publish the ranking lists for various colleges in India separated into eight categories.

• IIT Bombay has been ranked as the top MBA school located in Mumbai in the country by NIRF. The college has been awarded an 11th place ranking within India by the nation’s organization for ranking in the year 2021.
• While the school is rated as the top in Mumbai however, it has experienced the loss of 1 spot in its standing when compared to 2022.
• Some other schools in Mumbai which are ranked by NIRF include SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.
• The most impressive improvement in these colleges was demonstrated by NITIE Mumbai, which has shot up 17 places. NITIE Mumbai saw a decrease of 15 places this year.

Colleges	Annual Fees
Jamia Millia Islamia University, New Delhi	INR 65,100
University of Delhi, Faculty of Management Studies, New Delhi	INR 96,000
Institute of Management Studies, Banaras Hindu University, Varanasi	INR 1,20,767
Department of Management Studies, Anna University, Chennai	INR 20,500
Pondicherry University, Pondicherry	INR 74,718
University of Jammu, Jammu	INR 78,071
Maharaja Sayajirao University of Baroda, Vadodara	INR 14,500
Ganpat University, Mehsana	INR 95,000
RKDF University, Bhopal	INR 50,000
Department of Management Science, Savitribai Phule Pune University, Pune	INR 66,194

Top MBA Colleges in Mumbai: India Today Ranking

College Name	India Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)	4
Narsee Monjee Institute of Management Studies (NMIMS)	9
National Institute of Industrial Engineering (NITIE)	11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)	25
L N Welingkar Institute of Management Development and Research	33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)	39
N L Dalmia Institute of Management Studies and Research	80
Universal Business School	86
IES Management College and Research Center	144
Atharva Institute of Management Studies	171

SPJIMR Mumbai has been ranked as the best MBA college in Mumbai by India Today survey. It has been given a rank of 4 among all the top management colleges in India.

• Other popular MBA colleges in the city like Narsee Monjee, NITIE, and KJ Somaiya have also been included in this list and are also ranked among the top 25 MBA colleges in India.
• NITIE Mumbai, which wasn’t included in the list last year, is ranked in 11th position in India now.
• IES Management College and Research Center still rank at 144th position, but it has shown a tremendous improvement of 24 ranks.

MBA Colleges with Low Fee: Admission 2022 Open

The MBA colleges with low fee as shared below are open with their admission process 2022. They offer University MBA at low fees. Most of these MBA colleges with low fee are keeping their fee level for 2022-24 batch at last year level with a negligible or no increase in fee. Last year due to Covid pandemic, AICTE had also released guidelines to all the management institutes not to hike fee. Accordingly, there is no fee hike in MBA programs offered by these low-fee MBA colleges in India.

MBA College	Fees (Rupees)	Admission Status
VIT Business School Vellore	7,02,000	Open |
Chandragupt Institute of Management Patna	7,65,000	Open |
IMS Ghaziabad	7,95,000	Open |
VJIM Hyderabad	7,50,000	Open |
JIMS Rohini Delhi	7,95,000	Open |
SCMS Cochin	7,50,000	Open |
GBS Kolkata	7,95,000	Open |
Jaipuria School of Business, Ghaziabad	7,50,000	Open |
Firebird Institute of Research in Management Coimbatore	4,80,000	Open |
K R Mangalam University Delhi	2,60,000	Open |

Other Top MBA Colleges in India with Low Fees: Many Have Closed Admission

Among the top MBA institutions with inexpensive fees, Faculty of Management Studies (FMS) Delhi University is the best. The following are some of the best low-cost MBA programs in India:

Top MBA college with Low Fees	Programme Fee
Jamna Lal Bajaj Institute of Management Studies (JBIMS)	Rs. 1,94,000
Delhi School of Economics, Delhi University	Rs. 32,000
Program Fee	Rs. 59,000
PUMBA, Pune	Rs. 1,34,000
SIMSREE, Mumbai	Rs. 1,36,000
Jamna Lal Bajaj Institute of Management studies (JBIMS)	Rs. 6,00,000
BITS Pilani	Rs. 9,00,00
UBS Chandigarh-Panjab University	Rs. 38,000

Other Prominent MBA Colleges with Low Fee

Apart from the above top MBA colleges with low fees are other top MBA colleges in India with low fees. Some of these MBA colleges with low fees are:

MBA college with Low Fees	Programme Fee
Ambedkar University, Delhi	Rs.2,99,880
Delhi Technical University (Formerly Delhi College of Engg.)	Rs.3,56,000
NITIE Mumbai	Rs.14,63,000/-
SJMSOM-IIT Bombay	Rs.10,08,000/-
DoMS-IIT Delhi	Rs. 9,60,000/-

IIMs with Low Fee MBA

Although the MBA cost at IIMs is relatively exorbitant in comparison to other MBA institutions in India, there are several IIMs that provide low-fee MBA programs. While IIM Ahmedabad, Bangalore, and Calcutta have cost structures ranging from 21 lakhs to 24 lakhs, certain IIMs offer MBA programs for between Rs.10 Lakhs and Rs.15 Lakhs. 

The IIMs that provide cheap-charge MBAs are also among the best MBA schools with low fees. The following are some of the IIMs that offer low-cost MBA programs.

IIMs with Low Fee MBA	MBA Fee Structure
IIM Amritsar	Rs.13,20,000
IIM Bodhgaya	Rs.12,95,000
IIM Jammu	Rs.14,82,000
IIM Nagpur	Rs.13,75,000
IIM Raipur	Rs.14,21,000
IIM Rohtak	Rs.16,65.000
IIM Tiruchirappalli	Rs.16,50,000
IIM Udaipur	Rs.18,65,000
IIM Sirmaur	Rs.11,75,000
IIM Sambalpur	Rs.13,03,000

MBA with Low Fees in Bangalore

MBA programs are available in colleges associated with Bangalore University or Visvesvaraya Technical University (VTU), Bangalore.

All of these top MBA institutions in Bangalore provide low-cost MBA programs through their affiliation with the Bangalore University MBA program. Visvesvaraya Technical University (VTU), Bangalore affiliated colleges also offer MBA with low fees.

University MBA with Low Fees	Programme Fee	Entrance Exam Accepted
Bangalore University	Rs. 66,000 to 75,000	PGCET & Other National Exams
Visvesvaraya Technical University (VTU), Bangalore	Rs. 56,000 to 65,000	PGCET & Other National Exam

The cost structure for Karnataka domicile and All India category applicants enrolling for the Bangalore University or VTU MBA degrees provided by university-affiliated MBA institutes, however, differs. MBA fees at MBA institutes are quite affordable for Karnataka domicile applicants, while they are more for All India candidates.

Rank wise Best Government MBA Colleges In India With Fee Structure

An MBA is seen as a symbol of social and professional achievement in India. MBA has grown in popularity in India to the point that it is more than just a certification. Management studies are available in both private and governmental institutions in India. Let’s have a look at the best government MBA institutions in India.

Listing below Rank wise Best Government MBA Colleges in India-

1- Indian Institute of Management Ahmedabad(IIMA)

2- Indian Institute of Management Bangalore(IIMB)

3- Indian Institute of Management Kolkata(IIMC)

4- Indian Institute of Management Lucknow(IIML)

5- Indian Institute of Management Indore(IIMI)

6- Indian Institute of Management Kozhikode (IIMK)

7- Management Development Institute Gurgaon(MDI)

8- Faculty of Management Studies Delhi University New Delhi(FMS)

9- Jamnalal Bajaj Institute of Management Studies Mumbai(JBIMS)

10- Indian Institute of Foreign Trade New Delhi(IIFT)

Also see Top MBA Colleges in India according to the Placement

Now let’s find out the details about these Best Government MBA Colleges in India-

1- Indian Institute of Management Ahmedabad(IIMA)

MBA Colleges in India

Best MBA Colleges in India

IIMA is the name of excellence in management studies in India as well as in the world. Established in 1961, it was the second IIM in Indian history. Being the dream of several graduates, admission to the college is taken on the CAT (99%), and GMAT Scores.

Website: www.iimahd.ernet.in

2-  Indian Institute of Management Bangalore(IIMB)

IIMB is another name of excellence in management studies after IIMA and its ranked 2nd in the country. Established in 1973, it is the premier Government MBA College offering a variety of management courses in India. The admission is taken by the CAT (95%), GMAT (95%) Scores.

The fee for the MBA program is about INR 15 Lacs per annum with total 375 intakes.

Website: www.iimb.ernet.in/

3-      Indian Institute of Management Kolkata(IIMC)

Top 10 MBA Colleges in India

IIM Kolkata

IIMC, like the other IIMs in India, is well-known for the high quality of education it offers and the success it has achieved over the years. IIMC is India’s first IIM for management studies, having opened its doors in 1961. Admission to this college follows the same pattern as other colleges, including CAT (99.59 percent) and GMAT (730) scores.

Website: www.iimcal.ac.in

4-  Indian Institute of Management Lucknow(IIML)

Top 20 MBA Colleges in India

IIM Lucknow

IIML, located in the ancient city of Nawabs, is well-known for its cutting-edge teaching system and stringent standards for students seeking MBA programs. IIML, which was founded in 1984, is rated fourth among Best government MBA institutions in India in terms of rank. Admission to this fantastic university is based on CAT (90 percent) and GMAT scores.

Website: www.iiml.ac.in

5-  Indian Institute of Management Indore(IIMI)

Top 50 MBA Colleges in India

IIM Indore

IIMI is one of the IIMs in India that provides quality and excellence in management education. The MBA institute was established in 1996 and has been successful in setting landmarks in courses such as MBA. The CAT Score is required for admission to this MBA College.

The Fee for the MBA Course is around INR 6.5 Lacs per annum with a total 228 intakes.

Website:   www.iimidr.ac.in/

6-  Indian Institute of Management Kozhikode(IIMK)

Top 20 MBA colleges in India

IIM Kozhikode

IIMK is located on two hilltops with a lovely atmosphere in the most picturesque part of India. It is also from the IIMs team that has been serving the nation for many years. It is the government MBA College and is ranked among the best MBA colleges in India. It was founded in 1997 and is now ranked sixth among India’s Best Government MBA Colleges. The CAT (85 percent) score is used to determine admission.

Website: www.iimk.ac.in

7-  Management Development Institute Gurgaon(MDI)

Top 100 MBA Colleges in India

MDI Gurgaon

MDI Gurgaon is one of the top ten MBA institutions in India, overseen by a group of intellectuals from various businesses and areas of experience in education. It is ranked seventh among the Best Government Colleges for MBA in India. The administration has effectively overseen the university since its inception in 1973. Admission is based on CAT (95%) and GMAT (678) scores.

Website: www.mdi.ac.in/

8-  Faculty of Management Studies Delhi University New Delhi(FMS)

Top Colleges for MBA

FMS Delhi

The FMS of Delhi University is the university’s management education department. FMS is ranked first among Top MBA Colleges in India, Best Colleges for MBA in India, and many more rankings. It is ranked eighth among the Best Government Colleges for MBA in India. Because it is India’s cheapest MBA college, admissions are competitive. The CAT (95 percent) score is used to determine admission.

Website: www.fms.edu

9-  Jamnalal Bajaj Institute of Management Studies Mumbai(JBIMS)

Best Colleges for MBA

JBIMS Mumbai

JBIMS is one of the oldest MBA colleges, having connections to several overseas universities to provide students with worldwide experience. JBIMS, founded in 1965, is well-known for its dedication to education. Admission to this prestigious government institution for MBA is based on CAT (99.86) and MHT CET scores.

Website: www.jbims.edu/

10- Indian Institute of Foreign Trade New Delhi(IIFT)

Top Colleges for MBA

IIFT Delhi

IIFT, located in New Delhi, is one of the best MBA institutions in India, ranking within the top ten. IIFT’s mission is to provide quality education in the field of management studies while also teaching students in the proper manner. It was founded in 1963 and is now ranked 10th among the Best Government Colleges for MBA in India. Admission to IIFT is determined on CAT and GMAT (575) scores.

Website: www.iift.edu/

People Also Ask – Top Government MBA Colleges in India with Low Fees

Q. Are there any government MBA colleges in India?

Ans. Government MBA Colleges in India 2022

• FMS Delhi – Faculty of Management Studies University of Delhi. 
• JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies. 
• PUMBA Pune – Department of Management Sciences Savitribai Phule Pune University.
• IIM Bangalore – Indian Institute of Management.

Q. Which is the best Government College for MBA in India?

Ans. Top government MBA colleges in India include IIMs and IITs.

Top Government MBA Colleges in India.

Top MBA Colleges	NIRF Rankings 2021
Indian Institute of Management Ahmedabad	1
Indian Institute of Management Bangalore	2
Indian Institute of Management Calcutta	3

Q. Which is the cheapest college for MBA in India?

Ans. Cheapest colleges to study MBA courses 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

Q. Which college is best for MBA low fees?

Ans. Register now for the latest MBA Exam & Admissions Updates, contact Formfees for the latest updates

Top MBA college with Low Fees	Jamna Lal Bajaj Institute of Management Studies (JBIMS)
SIMSREE, Mumbai	Rs. 1,36,000
Jamna Lal Bajaj Institute of Management studies (JBIMS)	Rs. 6,00,000
BITS Pilani	Rs. 9,00,00
UBS Chandigarh-Panjab University	Rs. 38,000

Entry exams to admission to top Government MBA Colleges of India

CAT is one of India’s most popular management entrance exams. It is administered by IIMs to allow admission to top IIMs, as well as other top B-schools in India. It is usually conducted in the last week or so of November. To select the best colleges MBA colleges in India, they use the CAT score.

IIFT is another common management entrance test that is administered by the National Testing Agency to determine eligibility for admission to MBA IB (International Business).

Many top Indian government MBA colleges also accept /MAT scores. It is done four times a year to be eligible for admission into more than 500 B-Schools in India.

Common MBA Courses in India

• Marketing and Sales
• Human Resource Management
• Banking and Finance
• International Business

Q. What is the placement assistance offered by Top Government MBA Colleges of India?

Ans. It is not surprising that every year, many candidates take entrance exams in an attempt to gain admission to top Indian government MBA colleges. The colleges offer excellent placements and a wide range of professional opportunities. IIMs are well-known for their placement support. The median package IIM Ahmedabad students receive is 22.80 LPA, according to statistics from previous years. Excellent support is also available at other Indian government MBA colleges.

• Top MBA Colleges with Low Fees: India’s Lowest Fee MBA colleges are the high ROI Management Institutes
• Top MBA colleges in India with Low Fee charge a fee from Rs. 50,000 to Rs. 10 Lakhs for a 2-year full-time residential MBA or PGDM program. Other prominent MBA institutions, such as IIMs, XLRI, MDI, and SPJIMR, charge fees ranging from Rs.17 lakhs to Rs.24 lakhs. 
• Some of the best B-schools in India offering low-cost MBA programs are associated with or management departments of Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To gain admission to top MBA schools with inexpensive tuition, you must do well on an entrance test such as the CAT/XAT/CMAT/MAH CET and have great academic/work experience.

Frequently Asked Questions:

Q. What is the top college for MBA fees?

Ans. Some of the top colleges for MBA in terms of fees are IIM Ahmedabad, FMS Delhi, IIM Bangalore, IIM Calcutta, IIFT Delhi, etc.

Q. Do companies in India sponsor candidates’ MBA fees?

Ans. Yes, of course, the company does. But it completely depends on the company the candidate works for and also the position the candidate is in.

Q. Can I do MBA with low fees?

Ans. Top MBA Colleges in India With Low Fees. Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices starting at INR 1.92 Lakhs only. It is one of the most prestigious institutes for MBA in the country which is affiliated with Delhi University.

Q. Which is the cheapest IIM?

Ans. The Indian Institute of Management-Ranchi, the youngest IIM in the country is also its cheapest. The Indian Institute of Management-Ranchi, the youngest IIM in the country is also its cheapest. Ahmedabad, the most expensive of the country’s eight IIMs, charges.

Q. Is CAT necessary for MBA?

Ans. No, CAT or CMAT exam is not compulsory for MBA. There are a host of other MBA entrance exams similar/equivalent to CAT like XAT. Several institutes have their own entrance exams like NMAT for NMIMS, TISS, SNAP for Symbiosis, IIFT, CET for Maharashtra institutes, MICA, etc.

Q. What are the average fees for MBA in India?

Ans. MBA fees in India range from INR 20,000 to INR 40 lakh for the two-year full-time program.

MBA fees of top B-Schools other than IIMs.

B-School	Course Name	**Fees
FMS-Delhi	MBA	INR 20,960
XLRI Jamshedpur-Xavier School of Management	PGDM	INR 23.60 lakh
MDI-Gurgaon	PGPM	INR 19.80 lakh
SPJIMR-Mumbai	PGDM	INR 17.50 lakh

Q. Which country is the cheapest for MBA?

Ans. 8 Cheapest Countries for MBA

• Canada. 
• Switzerland. 
• China.
• Ireland. 
• Malaysia. 
• Germany. 
• Norway. 
• The Netherlands.

Q. Is CAT necessary for MBA?

Ans. No, CAT or CMAT exam is not compulsory for MBA. There are a host of other MBA entrance exams similar/equivalent to CAT like XAT. Several institutes have their own entrance exams like NMAT for NMIMS, TISS, SNAP for Symbiosis, IIFT, CET for Maharashtra institutes, MICA, etc.

Conclusion – Low Fee MBA in India: High ROI Program

MBA in India is the most popular post-graduate program. It has a short duration and high return. The biggest obstacle to obtaining an MBA from a top MBA college apart from the high tuition and preparation required for the entrance exam is the high cost. Your dream of getting an MBA at one of the top-ranked MBA schools rests on two key ingredients: the 2 year MBA fee and current career prospects. In other words, what is the Return on Investment?

With the MBA low fee structure, it will be easier to make a decision about your MBA admission. This will allow you to organize your funds for the MBA program at the top B-schools of India.

We hope you found this article useful in giving a broad overview of Indian MBA colleges that charge low fees and their admission status. This page will be updated frequently with new information.

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