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Best MBA colleges in India with Low Fees

High fees at MBA colleges often lead many prospective candidates to abandon their aspirations. Our blog highlights the top Indian MBA universities that offer quality education at lower costs, ensuring excellent placement opportunities with attractive packages. Moreover, it includes comprehensive information on eligibility, covering minimum qualifications and essential entrance tests for each college.

Table of Contents:

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MBA Colleges with Low Fees: Overview

For aspirants seeking to pursue an MBA without the burden of hefty fees, exploring MBA colleges with lower fees is paramount. Here we are going to discuss the MBA colleges in India with low fees but good placement records, and the institutions offer a diverse range of programs, ensuring quality education at an affordable cost.

They provide an opportunity for individuals to access a comprehensive curriculum, industry exposure, and networking prospects without compromising their financial constraints. Additionally, these MBA colleges present a platform where aspiring business leaders can receive a top-notch education without incurring significant financial stress, making their MBA dreams more accessible and realistic.

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Faculty of Management Studies (FMS), Delhi

Established in 1954 as part of the University of Delhi, the Faculty of Management Studies (FMS) in Delhi stands as one of the top business schools in India, offering a range of programs, including a full-time MBA program. FMS boasts a strong academic standing and an impressive track record in placements, with graduates consistently securing some of the highest average salaries in the country. Numerous top-tier companies, including McKinsey & Company, BCG, and Goldman Sachs, actively seek graduates from FMS due to its stringent admission standards and strong global reputation for enrolling students with exceptionally high CAT scores.

Eligibility Criteria:

The full-time MBA program requires a CAT score and mandates a minimum 50% or equivalent CGPA in a bachelor’s degree.

  • CAT Cutoff : General: 98%, OBC: 90.07%, SC: 82.19%, ST: 58.1%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA251INR 34.1 LPAINR 1.23 crore2 lakh INR2 YearsMcKinsey & Company, Goldman Sachs, J.P. Morgan Chase & Co, American Express

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

The Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai is esteemed for its MBA program and specialized management courses. Renowned for its academic excellence and industry-aligned curriculum, the institute stands out for its esteemed faculty and strong corporate connections. Offering programs in finance, marketing, human resources, and more, JBIMS provides a comprehensive management education, featuring an affordable MBA program coupled with exceptional placement prospects for its students. Aspiring candidates aiming for admission are required to attain qualifying scores in CAT, MAH CET, MAT, or ATMA.

Eligibility Criteria:

Applicants to JBIMS are evaluated based on their CAT/MAH CET/MAT/ATMA test scores. Additionally, prospective students must possess a bachelor’s degree with a minimum of 50% marks in aggregate. 

  • CAT Cutoff : General: 95%, OBC: 92%, SC: 84%, ST: 79%
  • MAH CET Cutoff : General: 99.97%, OBC: 99.86%, SC: 99.65%, ST: 98.15%
  • MAT – General: 99%, OBC: 97%, SC: 95%, ST: 83%
  • ATMA – General: 85%, OBC: 83%, SC: 80%, ST: 77%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA156INR 28.02 LPAINR 35.75LPA6 lakh INR2 YearsBain & Company, Amazon, Flipkart, Goldman Sachs, Microsoft, Accenture, Deloitte, and P&G.

Tata Institute of Management Studies (TISS), Mumbai

TISS Mumbai offers a unique MBA program blending business education with a focus on social impact. Known for its emphasis on social sciences, the program equips students with managerial skills and a deep understanding of societal needs.

 With reasonable fees, esteemed faculty, and diverse learning, TISS provides a platform for MBA aspirants seeking a business education committed to social change. To apply for TISS Mumbai’s MBA, candidates must take the TISS National Entrance Test (TISSNET), a university-level exam for admission to postgraduate management programs.

Eligibility Criteria:

Applicants need to achieve an 85 percentile or higher in the TISSNET, along with holding a bachelor’s degree or its equivalent, with a minimum of 50% marks overall.

ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA156INR 27.2 LPAINR 49.00LPA6 lakh INR2 YearsTata Group, Reliance Industries, Infosys, Wipro, and Aditya Birla Group.

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Delhi Technological University(DTU), Delhi

Delhi Technological University (DTU) presents a comprehensive two-year, full-time Master of Business Administration (MBA) program designed to equip students with the skills required for successful careers in business and management. 

The curriculum covers diverse management topics, offering interactions with experienced faculty and industry professionals through guest lectures and case studies. With an average salary surpassing ₹15 lakhs per annum, DTU’s MBA graduates secure placements with top recruiters like McKinsey & Company, Boston Consulting Group, Amazon, and others, showcasing the program’s industry relevance and promising career options.

Eligibility Criteria:

Students need to appear for MAT/CAT exams and hold a Bachelor’s degree or its equivalent with a minimum of 50% marks overall.

  • CAT Cutoff – General: 85%, OBC: 82%, SC: 80%, ST: 80%, pwd: 75%
  • MAT Cutoff – General: 95%, OBC: 90%, SC: 85%, ST: 85%, pwd: 90%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA150INR 9.02 LPAINR 23.78 LPA2.95 lakh INR2 YearsDeloitte, KPMG, PwC, and HP

Sydenham Institute of Management Studies, Research & Entrepreneurship Education

Founded in 1983, Sydenham Institute of Management Studies, Research & Entrepreneurship Education (SIMSREE) boasts an esteemed two-year full-time MBA program, offering a cost-efficient option with a nominal fee of INR 1.34 lakh for the entire duration, encompassing tuition and other fees, alongside a structured curriculum, various elective choices, and a six-month internship, providing students with exceptional placement avenues in Mumbai.

Eligibility Criteria:

Candidates need to appear for the MAH-CET, CAT, or CMAT examinations and hold a bachelor’s degree or its equivalent with at least 50% marks overall.

  • CAT Cutoff : General: 99.95%, OBC: 99.75%, SC: 99.40%, ST: 99.40%, pwd: 99.65%
  • CMAT Cutoff : General: 99.96%, OBC: 99.76%, SC: 99.41%, ST: 99.41%, pwd: 99.66%
  • MAH-CET Cutoff : General: 99.97%, OBC: 99.80%, SC: 99.45%, ST: 99.45%, pwd: 99.70%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA240INR 15.19 LPAINR 21.53 LPA1.34 lakh INR2 YearsAditya Birla Group, Bank of America, Cognizant, and Ernst & Young

Department of Financial Studies, Delhi University

Delhi University’s Department of Financial Studies offers an acclaimed MBA program specializing in finance and management, renowned for its expansive curriculum and significant industry exposure. Aspiring candidates gain entry by clearing the CAT (Common Admission Test). 

The program’s affordable fees facilitate accessible quality education, fostering a vibrant campus environment that combines academic depth with practical applications, ensuring students are well-prepared for thriving careers in finance and management. Alumni from this program have secured positions in esteemed companies like HSBC, Barclays Bank, Citigroup, and Axis Bank, which frequently visit the campus for recruitment.

Eligibility Criteria:

Candidates are required to take the CAT examination and possess a bachelor’s degree or its equivalent with at least 50% marks overall.

  • CAT Cutoff : General: 98+%, OBC: 96+%, SC: 95+%, ST: 95+%, pwd: 95%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA63INR 17.10 LPAINR 32 LPA26,000 INR2 YearsHSBC, Barclays Bank, Citigroup, and Axis Bank

University Business School, Panjab University, Chandigarh

The University Business School (UBS) is a public business school at Panjab University in Chandigarh, India, established in 1995 and now recognized as a leading business school in the nation. UBS offers a variety of programs encompassing undergraduate and postgraduate studies, including BBA, MBA, MBA (Executive), MBA (International Business), and Ph.D. Moreover, the institution provides specialized programs such as MBA in Supply Chain Management, MBA in Accounting and Business Finance, and MBA in Investment Decision Making and Innovative Financing.

Eligibility Criteria:

Candidates should be taking the CAT examination and hold a Bachelor’s degree in any discipline, achieving a minimum of 50% marks (45% for SC/ST/BC/PwD candidates).

  • CAT Cutoff – General: 85%, OBC: 80%, SC: 60%, ST: 60%, pwd: 60%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA120INR 13.72 LPAINR 58.48 LPA41,630 INR2 YearsPaytm, Reliance Jio, Ola,  Uber, and Nestle India

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Institute of Management Studies, Banaras Hindu University (BHU)

The Institute of Management Studies (IMS) at Banaras Hindu University (BHU) is a prominent business school in India, known for several key aspects. With an outstanding record of placing over 90% of its students, it’s highly sought-after by leading employers. Its alumni network, comprising successful entrepreneurs and corporate leaders, actively supports current students and graduates. 

Offering a cost-effective MBA program, IMS BHU provides specialized courses in areas like Supply Chain Management and Investment Decision Making. Additionally, through dual degree programs and international collaborations, the institute provides unique opportunities for earning multiple degrees and gaining global exposure.

Eligibility Criteria:

Applicants must possess a bachelor’s degree with at least 50% marks (45% for SC/ST candidates) and a valid CAT score. The CAT score plays a pivotal role in shortlisting candidates for the subsequent selection process.

  • CAT Cutoff – General: 85%, OBC: 80%, SC: 70%, ST: 65%, pwd: 70%
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA120INR 11.3 LPAINR 38 LPA99,314 INR2 YearsAccenture, DHL, Infosys, and L&T Finance.

Christ University, Bangalore

Christ University, located in Bangalore, Karnataka, began as Christ College in 1969 before becoming a deemed-to-be university in 2008. It’s ranked 67th among India’s top 100 universities in NIRF Ranking 2023 and holds an ‘A+’ Grade accreditation by the NAAC. 

Renowned for its acclaimed MBA program accredited by AICTE and NBA, the university boasts a dedicated faculty and comprehensive curriculum covering various business domains. With strong industry connections, it offers hands-on experience through internships, projects, and placements known for its high demand and competitive salary packages.

Eligibility Criteria:

Candidates need to take CAT/XAT/CMAT/MAT/GMAT and hold a bachelor’s degree with a minimum of 50% marks (45% for SC/ST/OBC). If the bachelor’s degree is completed through distance education, the minimum required is 55% (50% for SC/ST/OBC).

  • CAT Cutoff : General: 70%, OBC: 65%, SC: 60%, ST: 55%, pwd: 50%
  • XAT Cutoff : General: 70%, OBC: 65%, SC: 60%, ST: 55%, pwd: 50%
  • CMAT Cutoff : General: 70%, OBC: 65%, SC: 60%, ST: 55%, pwd: 50%
  • MAT Cutoff : General: 600 marks, OBC: 550 marks, SC: 500 marks, ST: 450 marks, pwd: 400 marks
  • GMAT Cutoff : General: 450 marks, OBC: 425 marks, SC: 400 marks, ST: 375 marks, pwd: 350 marks
ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA260INR 10.5 LPAINR 32 LPA8.6 lakh INR2 YearsAccenture, IBM, Flipkart, Myntra, Swiggy, and Zomato

Department of Management Sciences, Pune

The Department of Management Sciences, Pune (PUMBA) stands as a leading business school in India. PUMBA, a self-governing department of Savitribai Phule Pune University, a top-tier public institution in India,  was founded in 1971. Recognized for its excellence, PUMBA is accredited by both the National Accreditation and Assessment Council (NAAC) and the All India Council for Technical Education (AICTE). The MBA program at PUMBA is distinguished for consistently upholding high academic standards and staying relevant to industry needs.

Eligibility Criteria:

The applicant needs to have a bachelor’s degree with at least a 50% aggregate (45% for reserved categories) and must also appear for one of the following entrance exams: CMAT with a  minimum of 95%, MH-CET with a minimum of 99.92%, or CAT with minimum 85%.

ProgramNumber of SeatsAverage SalaryHighest SalaryFeesDurationTop Recruiting Companies
Full-time MBA240INR 8.85 LPAINR 18.97 LPA1.32 lakh INR2 YearsBirla Soft, Bajaj Finance, Crisil, and Federal Bank

Conclusion

Opting for an MBA from institutions that provide reasonable fees while upholding exceptional education standards and promising career prospects is a sensible decision for ambitious students. These specific MBA colleges in India not only relieve financial burdens but also guarantee a well-rounded curriculum, industry exposure, and bright professional pathways. The mentioned universities showcase a perfect balance between affordability and high-quality management education, allowing students to pursue their MBA aspirations without sacrificing educational standards or future career potential.

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