Best MBA Colleges In India With Low Fees: Top B-Schools
Summary: If you want to pursue an MBA and fulfil your dream of getting into a management institute, we have listed below a few of the best MBA colleges in India with Low fees so that you can study without worrying about spending excessive money. Read the article below to know more.
MBA colleges with low fees: MBA is one of the most popular postgraduate programs in India, offering numerous career opportunities. However, it is not easy for everyone to get into this program and pay the lump sum. However, if MBA is your dream, you can still pursue it without breaking the bank. There are several top institutes in India that offer MBA programs at a fee that is affordable and suits your budget.
In this article, we have listed some of the best MBA colleges in India with low fees to help you choose the right institute.
Best MBA Colleges In India With Low Fees
The following is a list of MBA colleges with low fees in India:
Faculty of Management Studies (FMS), Delhi University
Faculty of Management Studies is one of the top-ranking management institutes in India. It offers an MBA full-time program starting at affordable fees of INR 1.92 lakhs. The institute’s commitment to thoughtful leadership and a deep understanding of business helps students grow and learn in detail about the real business world.
It is affiliated with Delhi University, and the selection process at this institute is through CAT entrance exam and Personal Interviews. The final average salary package for FMS MBA was INR 34.10 LPA ( as per the 2023 report).
FMS is one of the best MBA colleges in India with low fees and good placements. Companies, including Deloitte, OLA, PwC, L’Oreal, Info Edge, Adobe, Google, and Amazon, among others, actively participate in offering job opportunities to FMS students.
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Keep reading the article below to learn more about the best MBA Colleges in India with low fees.
Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai
JBIMS was established in 1965 and is a part of the University of Mumbai. It is renowned for being an autonomous institution that offers both full-time and part-time MBA programs, among other courses. To enrol in their full-time MBA program, you will be required to pay fees of INR 9.00 lakhs for the two-year program. If you are aiming to secure a seat, you should know that JBIMS accepts scores from entrance exams like CET, CAT, CMAT, MAT, and ATMA.
It is ranked within the top 10 in India, having a vast network of alumni who have climbed their way up to CEO positions. Remarkably, it is also listed among the best MBA colleges in India with low fees.
On the financial front, graduates can expect an average salary package of about INR 26.12 LPA ( as per 2024 data) L.P.A, with top companies like McKinsey & Company, JP Morgan Chase, Accenture, and Axis Bank, among others, recruiting from the campus.
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SIMSREE, Mumbai
The Sydenham Institute of Management Studies, Research and Entrepreneurship Education, located in the bustling city of Mumbai, Maharashtra, offers a comprehensive 2-year MMS program that has been shaping future leaders and innovators.
One of SIMSREE’s distinguishing features is its emphasis on a student-led culture that promotes engagement, leadership, and proactiveness. It enables students to take charge of organizing various conferences, contests, and events, sharpening their managerial and organizational abilities.
This practical experience gives the students a feeling of responsibility and equips them to excel in the ever-changing world of business. Not only this, but it is one of the Best MBA Colleges in India with low fees to help students study and grow without worrying about excessive expenses.
With an impressive average final placement package of INR 15.19 LPA as of 2024, the institute allows aspiring management professionals to get into their preferred job placement. The participants include Tata Motors, ICICI Bank, Accenture, Times of India, and Bank of Baroda.
The total fee for this program is INR 4.38 Lakhs, making it an affordable option for many students. The institute accepts CET, CAT, and CMAT scores, catering to different kinds of applicants. With an intake of 180 students, the institute ensures quality education and attention to each student, promising an enriching learning experience in the heart of one of India’s most vibrant cities.
Department of Management Sciences, Pune
Savitribai Phule Pune University is on its way to becoming a world-renowned institution keenly aware of societal needs. It focuses on preserving, creating, enhancing, and sharing knowledge, ready to tackle the vast changes happening worldwide. The university is dedicated to enabling its staff and students to significantly contribute to economic, technological, and social growth, furthering the country’s development.
Department of Management Sciences, Pune, commonly known as PUMBA, is part of Pune University. Its tuition fee is INR 4.40 lakhs. For admissions into its various MBA programs, PUMBA accepts scores from entrance exams, including CET, CAT, CMAT, MAT, and ATMA.
The college has lucrative placement opportunities, with students landing jobs that offer an average salary of INR 8.85 L.P.A ( as per the data of 2023). Companies like Axis Bank, E-serve, Bee Management, ONGC, Thermax, and SBI Life are among the significant recruiters that hire graduates from this institution. This makes it one of the best MBA colleges in India with low fees but a considerable return on investment.
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Tata Institute of Management Studies (TISS), Mumbai
The Tata Institute of Social Sciences (TISS) in Mumbai doesn’t offer a traditional MBA program. Instead, it provides a range of similar management-focused programs, such as an MA in Human Resource Management and Labour Relations, Globalisation and Labour, and Hospital Administration.
Additionally, the institute offers an MBA as a self-financed course. If you are interested in pursuing a postgraduate program there, remember to check the specific eligibility criteria for the MBA program before applying.
Admission to TISS is based on the CAT scores. The cost of pursuing management programs at TISS ranges from INR 2 lakhs to 9 lakhs.
Impressively, the final average salary package from the placements was around 25.28 (2024) for an MA in HRM and 24.60 (2024) for an MA in ODCL.
This makes TISS an attractive option for students seeking high-quality education with low tuition fees and promising placement opportunities. Top companies such as Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, and Wipro are known to recruit Master’s graduates from TISS.
Department of Financial Studies (DFS DU)
The University of Delhi is one of the top universities in the country, known for its rich history and international reputation. It offers high academic standards, a wide range of educational programs, a distinguished faculty, and a vibrant campus life with excellent facilities.
This institute admits students based on their CAT scores. For a two-year MBA program, students can expect to pay a total fee of INR 2.30 Lakhs. The Department of Financial Studies is particularly renowned for its excellent return on investment.
On average, graduates are offered salaries of 17.10 LPA (as per the report of 2024). This demonstrates how this university is one of the best MBA colleges in India with low fees category.
Top companies like DE Shaw, HDFC Bank, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, and the Ministry of Finance are among the prominent recruiters for MBA graduates from this institution.
IIT Delhi DMS
Founded in 1993 by amendment to IIT (D) statutes, Department of Management Studies has consistently been acknowledged for its strong academic standards and outstanding quality in management studies.
The MBA program at IIT Delhi is a comprehensive two-year course that ensures an immersive educational experience. As of 2023, it has provided an impressive average final placement package of INR 25.82 LPA. The total fees for this program are around INR 1.20 lakhs, making it a significant investment in your future.
Admission to the program is competitive, with the CAT serving as the accepted entrance test. The institute intake students for this program is 130 students, ensuring a focused and personalized learning environment.
Some corporate partners that help students get the placement include Adani, Yes Bank, Whirlpool, Wipro, Mahindra Logistics, Mckinsey & Company, among others.
IIT Madras DOMS
IIT Madras is known as one of the leading business schools in India, excelling in new management areas. It is gaining international prominence by successfully collaborating with academic circles, the business sector, the government, and other key partners. It is also among the best MBA Colleges in India with low fees.
IIT Madras, located in Chennai, Tamil Nadu, has an impressive average final placement package of INR 16.93 LPA (as per 2024 data) for its MBA program. It presents an attractive proposition for prospective students with a total fee of INR 10.99 lakhs.
This two-year program, which accepts CAT scores for admission, admits 68 students. This blend of affordability, location, and academic quality makes it an appealing choice for those looking to further their education.
Prominent recruiters for this institution are ICICI Bank, V.I.P., P&G, Morgan Stanley, Deloitte, Honda, and Bank of America, among others.
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Note: The complete fee structure and details about the program can be found on the official website of the given institutions. In this article, we have tried to include the best MBA colleges in India with low fees. We hope this guide will help you make the right decision and choose the institution that is right for you. Best of Luck!!
