MBA on a Budget: Top 10 Most Affordable MBA Programs in India

In recent days, it’s crucial to keep learning and expanding one’s skills. However, the cost of education can be a major obstacle for many individuals. Through this article, we have shared some practical advice and techniques on how to learn without spending a lot of money and still retain the quality of education. From top ROIs to low-cost certification programs, we have covered all available options to help you achieve your learning goals without breaking your bank balance & future earning potential. Whether you’re looking to advance your career or acquire new knowledge, read on to find out how you can learn with quality but at a low cost.

 

MBA courses have gained immense popularity in India, thanks to the country’s reputation and the nation’s recovery from the recession. Many students are choosing to enrol in MBA programs due to the inclusion of MBA courses in the curriculum of various Indian universities. However, the degree comes with a huge financial commitment, making it unattainable to many with limited financial resources.

 

This article lists the top and cheapest MBA colleges in India with the best return on investment, so you don’t have to settle between quality & quantity offered! 

 

1. Faculty of Management Studies, Delhi, Delhi – Fees – 1.92 Lakhs

College | Established

FMS, Delhi | 1954

Top Accreditation

NAAC

Courses Offered

  • 2 Years full-time MBA Programme
  • MBA Executive Programme
  • Executive (Health Care Administration) Programme
  • Doctoral Programme

Fees

1.92 Lakhs

Highest CTC

58 LPA

Average CTC

32.4 LPA

Top Recruiters

HDFC Bank, Jubilant, ITC, InfoEdge IBM, Accenture, KPMG 

Exams Accepted

CAT

 

2. Tata Institute of Social Sciences (TISS)- Fees- 1.89 Lakhs

College | Established

TISS | 1936

Top Accreditation

NAAC

Courses Offered

Masters of Administration (HR & LR) 

Fees

1.89 Lakhs

Highest CTC

42.09 LPA

Average CTC

23.97 LPA

Top Recruiters

Accenture, Deloitte India, Infosys Consulting, Flipkart, Citi, Aditya Birla

Exams Accepted

TISSNET

 

3. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai– Fees- 6 Lakhs

College | Established

JBIMS | 1965

Top Accreditation

UGC Approved by AICTE

Courses Offered

  • Master of Management Studies (MMS)
  • MHRD
  • Master of Science in Finance

Fees

6 Lakhs

Highest CTC

42 LPA

Average CTC

27.63 LPA

Top Recruiters

Deloitte, Marico, Adani

Exams Accepted

MAHCET, CMAT, CAT and GMAT

 

4. IISC, Bangalore (Department of Management Studies)- Fees- 5.18 Lakhs

College | Established

JBIMS | 1965

Top Accreditation

NAAC

Courses Offered

Masters in Management (Business Analytics) 

Fees

5.18 Lakhs

Highest CTC

39.5 LPA

Average CTC

26.8 LPA

Top Recruiters

Goldman Sachs, JP Morgan Chase, Google, Microsoft, Amazon

Exams Accepted

CAT ,GMAT and GATE

 

5. Shri College of Commerce (Global Business Operations)- Fees- 3.2 Lakhs

College | Established

SRCC GBO | 1926

Courses Offered

Global Business Operations (GBO)

Fees

3.2 Lakhs

Highest CTC

21.32LPA

Average CTC

10.61 LPA

Top Recruiters

Zomato, Snapdeal, HDFC Bank

Exams Accepted

SRCC GBO

 

6. Delhi School of Economics- Fees- 38 K

College | Established

DSE| 1967

Top Accreditation

University of Delhi

Courses Offered

  • MBA (International Business)
  • MBA (Human Resource Development)

Fees

38 Thousand

Highest CTC

32 LPA

Average CTC

13.96 LPA

Top Recruiters

Amazon, APB, Citi, Axis Bank, Genpact

Exams Accepted

CAT, XAT, MAT, GMAT

 

7. Department of Financial Studies- Fees 38K

College | Established

DFS| 1967

Top Accreditation

University of Delhi

Courses Offered

  • MBA (Business Economics)
  • MBA (Finance)

Fees

38 Thousand

Highest CTC

20 LPA

Average CTC

10 LPA

Top Recruiters

DE Shaw, Arcesium, American Express, Barclays

Exams Accepted

CAT

 

8. Department of Business Economics- Fees- 38K

College | Established

DBE| 1973

Top Accreditation

University of Delhi

Courses Offered

MBA (Business Economics)

Fees

38 Thousand

Highest CTC

21 LPA

Average CTC

11 LPA

Top Recruiters

Accenture, HCL, BYJUs, Birla, Infosys, Nielsen, HDFC

Exams Accepted

CAT

 

9. Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE)- Fees- 1.4 Lakhs

College | Established

SIMSREE | 1983

Top Accreditation

AICTE

Courses Offered

  • MBA
  • MMS

Fees

1.4 Lakhs

Highest CTC

23.50 LPA

Average CTC

13.33 LPA

Top Recruiters

Axis Bank, Capgemini, Crisil, DE Shaw, EY

Exams Accepted

MAT, XAT, CAT, CMAT, ATMA, MHT CET, GMAT

 

10. PUMBA- Fees- 1.4 Lakhs

College | Established

PUMBA (DMS) | 1971

Top Accreditation

NAAC

Courses Offered

  • MBA
  • MBA (Pharma Biotech)
  • Executive MBA
  • Ph.D

Fees

1.4 Lakhs

Highest CTC

15.3 LPA

Average CTC

8 LPA

Top Recruiters

HDFC Bank, TATA AIG, MRF, Vodafone

Exams Accepted

MAT, XAT, CAT, CMAT, ATMA, MHT CET

 

When choosing an MBA program on a budget, focus on the ROI, program quality, accreditation, location, entrance exams accepted, placement statistics, and flexibility. Research the curriculum, faculty, and placement statistics. Compare the cost with the average salary of graduates. Look into the location and its impact on job prospects after graduation. Consider the flexibility of the program and if it allows you to continue working while studying. Choose a program that best suits your needs & not the one preferred by the common all. Consider the listed options before making your decision. 

 

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