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MBA or Masters of Business Administration is one of India's most sought-after degrees. It is the popular choice of students looking for a business degree after graduation. The reason behind the popularity is—the ROI of this 2-year PG degree is the highest with just a few years of study.
However, students dreaming of an MBA degree often give up due to the skyrocketing fees for MBA programs in India. Do not worry. If you have a good score on the entrance exam, you can still attend some of the top B schools. And we are here to guide you about the same. We have compiled the list of the top 10 MBA colleges in India that provide top-notch education at an affordable price.
Top 10 MBA Colleges in India with Low Fees
An MBA degree in India comes with a heavy price tag, but not if you are doing MBA from these colleges listed below. But, as said before, to attend these top colleges, you must score good marks in entrance exams like CAT, GMAT, or CMAT. That being said, MBA colleges with low fees are the best bet, so it's better to study hard to get there. So, here's the list of the top top MBA colleges with low fees for you!
Faculty of Management Studies, University of Delhi
Delhi University (DU) is a renowned university in India. It is primarily known for the quality education and world-class faculty it has. And the MBA course at the Faculty of Management Studies is affordable and top-class. The average cost of studying MBA in FMS Delhi is around ₹2 lakhs. There is also an excellent campus placement program at the college.
Jamia Millia Islamia (JMI)
JMI college of Delhi offers quality educational courses at economical prices. The MBA program of the institute is one of them. With the various scholarship options available at the college, you can get admission to an MBA course at the lowest fee. The average fee for MBA is almost ₹50,000.
Department of Management Sciences Savitribai Phule Pune University
This Pune university college offers an MBA course for only ₹1.32 Lakhs. The college has more to offer at a modest price; good campus life, outstanding campus placement and faculty. All you can ask for in a good MBA college!
Delhi Technical University (DTU), Delhi
Another gem of an MBA institute from Delhi University. It is a 75-year-old institute with a good-grade education and faculty. The course fees at DTU are around ₹3-4 lakhs.
Tata Institute of Social Sciences
TISS is another MBA institute with top-of-the-line education at modest prices. This institute offers some notable placement companies for its pass-outs. The cost of studying here is only ₹1.2 lakh.
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
The JBIMS is another institute for MBA courses in Mumbai for seeking quality education without spending lakhs after lakhs. The average fee structure of an MBA course at JBIMS is ₹2 lakh to ₹7 lakhs.
Institute of Management Studies, Banaras Hindu University (BHU)
Banaras University offers various courses, but the MBA course is one of the most popular courses at the institute. The cost of studying MBA at BHU is around ₹1 lakhs.
Sydenham Institute of Management Studies, Mumbai university
Named after a British governor of colonial time, this is one of the oldest management institutes in Mumbai. To study here, you would have to spend around ₹2 lakhs.
Delhi School of Economics
The cost of an MBA degree from the Delhi School of Economics is ₹30,000. More than that, the college offers unmatched education and high ROI.
Christ University Bangalore
This university offers MBA courses only after a good score in the entrance exam, just like the other colleges mentioned above. The average money you may need to study MBA here is around ₹6.5 lakhs.
Other Top MBA Colleges in India with Low Fees:
Though we’ve listed out only 10, there are more colleges in India that offer MBA degrees at economical prices. Here are a few of them:
- Chandigarh University
- Ambedkar University
- Indira Gandhi Institute of Management
- AIMS Institute of Management Studies, Pune
- Maharaja Sayajirao University of Baroda (MSU Baroda)
IIMs with Low Fee MBA
Talking about management studies, we can't forget the jewels of our country, the IIMs. Although a study plan at IIMs is a bit on the higher side of the price spectrum, here are some IIMs which offer the MBA degree at a reasonable cost:
- IIM Jammu - ₹14,82,000
- IIM Bodhgaya - ₹12,95,000
- IIM Nagpur - ₹ 13,75,000
- IIM Rohtak - ₹16,65,000
- IIM Amritsar - ₹13,20,000
- IIM Sambalpur - ₹13,03,000
- IIM Udaipur - ₹18,65,000
What are the fees for MBA in India?
As we have talked about, many MBA colleges have minimum fees. However, the question remains, "What are the average fees for MBA in India?” The answer is very subjective, and totally depends on the college. Government colleges mostly charge less than private or deemed colleges and universities.
How can I fund my MBA?
Many top colleges in the above list offer scholarship programs for promising students. You can use this to your advantage to fund your studies without spending much from your or your parent's pocket.
MBA is a very sought-after degree since it has a high investment return. And with the correct information, you can bag a seat in the top MBA college in the country. We hope you now have a clear picture of what the best MBA colleges in India with low fees have to offer you. You also have the option to explore MBA colleges with low fees without CAT. For more personal guidance, you can always reach out to educational experts at Sunstone.
Sunstone is a leading higher education services provider that works with academic institutions in upskilling students for employability. Sunstone offers career-oriented training interventions for undergraduate and postgraduate students at 40+ institutions across 30+ cities.
Sunstone’s training programs are industry-endorsed to enhance employability. These programs are designed for hybrid delivery with an unparalleled focus on soft skills and personality development. Sunstone’s focus is to provide students with a holistic educational experience.
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