MBA Colleges in India with Good Placement and Low Fees

MBA is one of the most popular postgraduate programs in India, with several employment opportunities. MBA programs may be expensive. However, if an MBA is your desire, it does not have to be prohibitively expensive.

There are several excellent colleges in India that provide MBA programs at reasonable costs. MBA programmes offered by government colleges and universities are significantly less expensive than those offered by private schools.

In India, there are several high ROI top MBA programs with low fees. These MBA institutions with inexpensive costs are situated around the country and charge fees ranging from Rs.50,000 to Rs.10 Lakhs for the whole two-year full-time residential MBA program, as opposed to other top MBA colleges with price structures ranging from Rs.17 lakhs to Rs.24 lakhs.

This article analyses the top affordable MBA Low Fees institutions in India offering 2 years full-time MBA/PGDM programs to help you make the best MBA admission decision.

What are the MBA tuition fees in India?

As previously stated, many MBA programs charge minimum tuition. However, the question of "What are the average MBA fees in India?" remains. The answer is highly subjective and is entirely dependent on the college. Government colleges and universities often charge less than private or deemed colleges and universities.

Also Read: MBA Entrance Exam

Top 10 MBA Colleges with Low Fees in India

Here is the list of the top 10 affordable MBA Colleges in India.

Delhi University's Faculty of Management Studies (FMS)

Faculty of Management Studies is one of India's best management colleges, offering MBA courses at the most affordable costs beginning at INR 1.92 Lakhs. It is one of the most respected MBA programs in the country, and it is associated with Delhi University.

The institute's selection process involves CAT scores and personal interviews. This year, the average remuneration package in campus placement was INR 32.4 LPA.

Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai

JBIMS, which is associated with the University of Mumbai, was formed in 1965. It is a public university that provides full-time and part-time MBA programs. It also offers a range of other programs, but MBA is one of JBIMS's most popular.

The current fee structure for its MBA program is INR 1.52 lakh to INR 7 lakh for two years. The college accepts CAT/MAH CET/MAT/ATMA results. The institute is ranked among the top ten B-schools in India and has a big alumni base of CEOs. The average annual pay is INR 27.63 LPA.

McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, and other companies have placements in JBIMS.

Mumbai's Tata Institute of Management Studies (TISS)

TISS in Mumbai is another management school that provides high-quality MBA education at a reasonable cost. Admission to TISS is based on the TISSNET score, which is administered by the institute itself. TISS charges INR 1.02 Lakh for an MBA course, and the average pay from placements in 2022 was INR 23.97 LPA.

Companies such as Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, Wipro, and others hire TISS MBA graduates.

Jamia Millia Islamia (JMI)

The JMI College in Delhi provides affordable, high-quality educational programs. One of them is the institute's MBA program. You may enroll in an MBA program at the lowest cost by using the many scholarship opportunities the college offers. An MBA typically costs around Rs. 50,000.

Department of Management Sciences, Pune

With course costs ranging from INR 1.29 Lakh to INR 1.33 Lakh, the Pune University Department of Management Sciences (PUMBA) is a component of Pune University. The college provides placements with an average income of INR 7.6 LPA and accepts results from tests like the CAT, XAT, MAT, CET, ATMA, and MAH CET for admission to different MBA programs.

Among the businesses that put students at this college are Axis Bank, E-serve, Bee Management, ONGC, Thermax, and SBI Life.

Mumbai's Christ University

Christ International (Deemed to be University), which provides a variety of post-graduate programs, was founded in 1969. The institution provides a number of MBA specializations, such as Business Analytics and Marketing.

Students that take tests like the CAT, MAT, XAT, CMAT, and ATMA are qualified for admission to this esteemed institution. The cost ranges from 6.75 Lakh to 21.82 Lakh INR. After placement, a candidate will typically receive a salary of around 20.5 LPA.

Some of the leading businesses that visit the college for placements and provide graduates with generous salaries include AB InBev, ZS Associates, DE Shaw & Co., Bain Capability Network, Exxon Mobil, Accenture, Aditya Birla Group, Infosys, Hyundai, IBM, ICICI, KPMG, Deloitte, and Dabur.

Delhi University's Department of Financial Studies

This institute offers admissions based on the results of the CAT test that the IIMs administer. At this college, obtaining an MBA will cost you INR 26,000 over the course of two years. The Department of Financial Studies is renowned for offering the greatest return on investment. The highest compensation package was INR 26 LPA in 2020, while the average salary package provided here is INR 13.3 LPA.

Some of the top employers for MBA graduates are DE Shaw, American Express, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, the Ministry of Finance, and others.

Delhi Technical University (DTU)

Another outstanding MBA program from Delhi University. It is a 75-year-old institution with top-notch teachers and education. The cost of a course at DTU is around Rs. 3–Rs. 4 lakhs.

During the Delhi School of Management, DTU MBA placements 2021, the top package and average package were, respectively, INR 18 LPA and INR 7.5 LPA.

Delhi School of Economics

An MBA from the Delhi School of Economics costs 30,000 rupees. The college also provides unequaled education and significant returns on investment.

The DSE MBA placement report for the IB class 2020–2022 has been made public by the college. The average package for DSE MBA (IB) students was INR 13.94 LPA, while the maximum package was INR 32 LPA.

Tata Institute of Social Sciences

Another top-tier MBA program offered at affordable pricing is by TISS. For its graduates, this institution provides several reputable employment firms. There is only a 1.2 lakh fee to attend this school.

For the HR and Labour Relations 2022–24 class of students, TISS Mumbai has secured a 100% summer placement rate. The average package for MBA graduates was between 15-25 Lakhs.

IIMs with Affordable MBA

When discussing management studies, we must not overlook the IIMs, which are national treasures. Here are several IIMs that provide the MBA degree at a fair price, despite the fact that study plans at IIMs tend to be on the more expensive end of the pricing spectrum:

• IIM Bodhgaya - ₹12,95,000
• IIM Sambalpur - ₹13,03,000
• IIM Amritsar - ₹13,20,000
• IIM Nagpur - ₹ 13,75,000
• IIM Jammu - ₹14,82,000
• IIM Rohtak - ₹16,65,000
• IIM Udaipur - ₹18,65,000

How will I pay for my MBA?

Numerous prestigious universities on the list above have scholarship programs for bright students. This may be used to your advantage to pay for your courses without straining your or your parent's financial resources.

Conclusion

Due to its excellent investment return, the MBA is a highly in-demand degree. Furthermore, if you have the right knowledge, you may enroll in the nation's best MBA program. We trust that you now have a good understanding of what the top MBA institutions in India with affordable tuition have to offer. You may also look for MBA schools without a CAT that has inexpensive tuition.

Frequently Asked Questions

Q. What is the entrance cost and which test is approved by the Tata Institute of Management Studies?

Ans. The Tata Institute of Management Studies accepts the TISSNET, and the entrance fee to TISS is INR 1.02 lakhs.

Q. Is the TISS entry price inclusive of the cost of lodging?

Ans. TISS has varied entrance costs for day scholars and hostellers. The admission cost will include an accommodation charge if the candidate chooses to stay on campus.

Q. How much of a score on the CAT test do I need to enroll in FMS, Delhi?

Ans. A minimum combined CAT test score of 98% is a must for applicants to FMS.

Q. Is there a scholarship program at FMS, Delhi?

Ans. The OPJEMS Scholarship, the NTPC Scholarship, and the Aditya Birla Scholarship are all offered by FMS.

Q. How many examinations does the Jamnalal Bajaj Institute of Management Studies accept?

Ans. The CAT, XAT, GMAT, ATMA, CMAT, and MAH CET are all accepted at JBIMS in Mumbai.