When pursuing an MBA, one of the biggest considerations is the cost. Fortunately, many of India’s top MBA colleges offer high-quality education with low fees, ensuring students get a strong return on investment (RoI). Colleges such as FMS Delhi, JBIMS Mumbai, UBS Chandigarh, and USMS Delhi offer programs that are not only affordable but also boast excellent placements, often competing with premier institutions like the IIMs.
In this article, we explore some of the most affordable MBA colleges in India that offer two-year full-time MBA or PGDM programs with a fee structure between ₹50,000 and ₹6-7 lakhs — a stark contrast to the ₹18-25 lakhs charged by many top-tier institutions. Here’s everything you need to know about these colleges and their admissions status for 2023.
Low Fee MBA Colleges in India: Types of B-Schools
India has numerous MBA colleges offering low-fee programs, typically affiliated with prestigious universities. These colleges provide a great RoI with affordable tuition fees and impressive placements. Examples include the management departments of Delhi University, Mumbai University, Panjab University, and GGSIPU, Delhi. Even a few IIMs are included in this category. Admission to these colleges generally requires high scores in entrance exams like CAT, XAT, CMAT, or MAH CET.
Top MBA Colleges with Low Fees: Admissions for 2023 Closed
Some of the top MBA colleges offering low fees have already closed admissions for 2023. However, you can apply for 2024 admissions, starting in October. Here’s a glimpse of colleges whose admission process has already concluded:
| MBA College | Fees (₹) | Admission Status |
|---|---|---|
| Faculty of Management Studies (FMS), Delhi | 1,94,000 | Closed |
| Delhi School of Economics, Delhi University | 32,000 | Closed |
| BITS Pilani | 12,00,000 | Closed |
| UBS Chandigarh, Panjab University | 42,000 | Closed |
| NITIE Mumbai | 14,63,000 | Closed |
| SJMSOM, IIT Bombay | 10,08,000 | Closed |
| DoMS, IIT Delhi | 10,40,000 | Closed |
op MBA Colleges in India with Low Fees: Admissions for 2023 Open
For those still looking to apply for an MBA in 2023, some of India’s best low-fee MBA colleges still have admissions open. These institutions offer AICTE-approved, UGC-recognized MBA programs with fees ranging between ₹1.34 lakhs and ₹6 lakhs.
| MBA College | Fees (₹) | Admission Status |
|---|---|---|
| USMS, GGSIPU, Delhi | 1,92,000 | Opening Soon |
| PUMBA, Pune University | 1,34,000 | Opening Soon |
| SIMSREE, Mumbai | 1,36,000 | Opening Soon |
| Jamna Lal Bajaj Institute of Management Studies (JBIMS) | 6,00,000 | Opening Soon |
| Ambedkar University, Delhi | 3,00,000 | Opening Soon |
| Delhi Technical University | 4,25,000 | Opening Soon |
Other Prominent MBA Colleges with Low Fees: Admissions for 2023 Open
In addition to the colleges mentioned above, several other institutes are offering affordable MBA programs with admissions for 2023 still open.
| Institute Name | Fees (₹) | Admission Status |
|---|---|---|
| Gitarattan International Business School, Delhi | 3.76 Lakhs | Opening Soon |
| Sri Sri University, Cuttack | 6.60 Lakhs | Opening Soon |
| Siva Sivani Institute of Management, Hyderabad | 6.90 Lakhs | Opening Soon |
| Kohinoor Management School, Mumbai | 7.00 Lakhs | Opening Soon |
| Rajagiri Business School, Kochi | 7.36 Lakhs | Opening Soon |
IIMs with Low-Fee MBA Programs
Although many IIMs have a higher fee structure, a few offer MBA programs with comparatively lower fees, ranging between ₹13 and ₹16 lakhs. These IIMs provide exceptional education and impressive placements.
| IIM | Fees (₹) |
|---|---|
| IIM Amritsar | 16,00,000 |
| IIM Bodh Gaya | 15,50,000 |
| IIM Jammu | 17,15,000 |
| IIM Nagpur | 13,75,000 |
| IIM Raipur | 14,36,000 |
| IIM Rohtak | 17,90,000 |
| IIM Sirmaur | 11,75,000 |
| IIM Sambalpur | 13,03,000 |
MBA with Low Fees in Major Indian Cities
MBA in Bangalore: Top colleges in Bangalore, including those affiliated with Bangalore University and Visvesvaraya Technical University, offer affordable MBA programs. Fees range between ₹60,000 to ₹1 lakh.
MBA in Delhi NCR: Delhi University and GGSIPU-affiliated colleges provide high RoI programs at affordable fees. FMS Delhi, for example, charges only ₹1.94 lakhs.
MBA in Mumbai: Leading institutions like JBIMS, SIMSREE, and PUMBA offer low-fee MBA programs with excellent placement records. Fees range from ₹1.34 lakhs to ₹6 lakhs.
Conclusion: High Return on Investment for MBA in India
MBA programs in India offer a unique opportunity for students to gain advanced management education with a short duration and high return on investment. With affordable fee structures, students can secure excellent placements without the financial burden of expensive education. If you plan to pursue an MBA, consider these affordable institutions to maximize your educational value and career prospects.
