The best MBA colleges offer high RoI MBA programs with low fees in India. These Top B-Schools in India offering affordable MBAs include FMS, JBIMS, SIMSREE, PUMBA, USMS, and others. Some of them don’t need you to take the CAT exam as well. They charge a fee from Rs.25000 to Rs.15 Lakhs for the entire MBA curriculum against many of the pricey MBA colleges in a fee range from Rs.18 lakhs to 25 lakhs. This blog analyses the most competitive top MBA colleges offering 2-year full-time MBA/PGDM programs.
Top MBA colleges with low fees in India are distributed throughout the country and charge a fee from Rs.25000 to Rs.15 Lakhs for the full MBA curriculum. The only thing to get admission to the top MBA college is to score high in the entrance test, such as CAT/XAT/CMAT/MAH CET, among others, and to apply for other required academic criteria.
The very first feature of MBA colleges with low fees is that they deliver a low-fee university MBA. All of India’s top B-schools offering inexpensive MBAs are either affiliated with or operated by Delhi University, Mumbai University, GGSIPU University Delhi, Delhi Technical University, Bangalore University others. Any of the 20 IIMs are among the top 50 B-schools in India offering inexpensive MBAs.
AICTE Guidelines to Institutes: Not to Hike MBA Fee 2020-22
All India Technical Education Council (AICTE), the governing body for PGDM education in India, has given empty notification No to all institutes. AICTE/MS Office/Special 01 dated 1 May 2020 with no hike charge for the 2020-22 batch given the Covid-19 pandemic.
Consequently, MBA colleges with low fees can keep their fee level at 2019-20. AICTE has also published an updated instructional calendar for B-Schools with guidance for PGDM/PGCM intake timelines, the start of classes for new and current students, teaching process, and revised dates for applying for fee refunds, among other primary directions. These guidelines are mandatory for more than 500 B-schools, including top B-schools such as XLRI, SPJIMR, and MDI.
MBA Colleges in India with Low Fees: High RoI Program
MBA in India is potentially the only postgraduate program with a limited duration and a high return. However, the main challenge to doing MBA from the top MBA college is its high cost, aside from training well and scoring well in the entrance exam. So, your hope of doing an MBA from one of the top-ranked MBA colleges depends on the two simple ingredients – the 2-year MBA fee for the program and job opportunities for existing trends in the selection, in other words – what the RoI would do to your savings. Additionally, you can give a shot at MBA foreign admissions as well.
This blog analyses India’s most competitive MBA colleges with low fees offering 2-year full-time MBA/PGDM programs to help you make the right MBA admission decision.
Top MBA Colleges with Low Fees in India
Among the top MBA colleges with low fees, the Delhi University School of Management Studies (FMS) is the top low-fee MBA college. Following are some of India’s ten lowest MBA college fees:
|Top MBA college with Low Fees||Program Fee||Entrance Exam Accepted|
|Faculty of Management Studies (FMS) Delhi – University of Delhi||Rs. 25,000||CAT conducted by IIMs|
|Delhi School of Economics, Delhi University||Rs. 31,000||CAT conducted by IIMs|
|GGSIPU, Delhi||Rs. 56,000||Own Entrance exam in April|
|PUMBA, Pune||Rs.1,34,000||MAH CET/CAT/CMAT|
|SIMSREE, Mumbai||Rs.1,36,000||MAH CET/CAT/CMAT/XAT|
|Jamnalal Bajaj Institute of Management Studies (JBIMS)||Rs.6,00,000||MAH CET/CAT/CMAT/XAT|
Other MBA Colleges with Low Fee
Apart from the above top MBA colleges with low fees, there are other top low-cost MBA colleges in India. Any of these MBA colleges with low costs are:
|MBA college with Low Fees||Program Fee||Entrance Exam Accepted|
|Ambedkar University, Delhi||Rs.2,99,880||CAT/AUD MBA Entrance Test|
|Delhi Technical University (Formerly Delhi College of Engg.)||Rs.3,56,000||CAT conducted by IIMs|
|NITIE Mumbai||Rs.14,63,000/-||CAT conducted by IIMs|
|SJMSOM-IIT Bombay||Rs.10,35,000/-||CAT conducted by IIMs|
IIMs with Low Fee MBA
While MBA fees in IIMs are very high compared to other MBA colleges in India, there are many IIMs with low MBA fees. Although IIM Ahmedabad, Bangalore, Calcutta has a fee structure of between 21 Lakhs and 23 Lakhs, some IIMs offer MBAs at a price between Rs.10 Lakhs and Rs.15 Lakhs. IIMs offering low-fee MBA are also among the leading low-fee MBA schools. Following are some of the low-cost MBA IIMs:
|IIMs with Low Fee MBA||MBA Fee Structure||Entrance Exam Accepted|
|IIM Amritsar||Rs.12,00,000||Common Admission Test (CAT) conducted by IIMs|
|IIM Bodhgaya||Rs.10,60,000||CAT conducted by IIMs|
|IIM Jammu||Rs.13,80,000||CAT conducted by IIMs|
|IIM Nagpur||Rs.13,75,000||CAT conducted by IIMs|
|IIM Raipur||Rs.14,21,000||CAT Conducted by IIMs|
|IIM Rohtak||Rs.16,65.000||CAT conducted by IIMs|
|IIM Tiruchirappalli||Rs.16,50,000||CAT Conducted by IIMs|
|IIM Udaipur||Rs.17,60,000||CAT Conducted by IIMs|
|IIM Sirmaur||Rs.11,75,000||CAT Conducted by IIMs|
|IIM Sambalpur||Rs.13,03,000||CAT Conducted by IIMs|
|IIM Visakhapatnam||Rs.13,90,000||CAT Conducted by IIMs|
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Frequently Asked Questions
Q1. Can we seek for an MBA scholarship?
Ans. Given the high costs of MBA courses, numerous schools and organisations provide scholarships. If you want to enter a reputable MBA program in India to enhance your career, but finances are a barrier, you can get an MBA scholarship.
Q2. Is it difficult to study for an MBA?
Ans. MBAs are hard to accomplish but not impossible. Many prospective students wonder if pursuing an MBA is challenging for an average candidate. Moreover, you’ll certainly discover throughout the MBA program, that your attitude accounts for more than half of overall professional performance.
Q3. Can underprivileged students attend IIM?
Ans. Yes, everybody can manage the IIM charge. IIMs have worked hard over the years to guarantee that no students drop out for monetary reasons. They offer various scholarships to deserving individuals.