Top 11 Cheapest MBA Colleges in India 2025 - Fees, ROI, Admission Criteria

Top 11 Cheapest MBA Colleges in India 2025 - Fees, ROI, Admission Criteria

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Himanshu ShekharUpdated on 07 Apr 2025, 03:44 PM IST

Cheapest MBA colleges in India: India is an ideal destination for students looking for affordable and quality higher education. MBA courses are very popular in India. Many students choose to join MBA programs as MBA courses are included in the curriculum of various Indian universities. However, the degree comes with a huge financial commitment, making it out of reach for many with limited financial resources. This article lists the cheapest colleges to study MBA courses in India with low fees and the best return on investment, so you don't have to settle between the quality and quantity offered!

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This Story also Contains

  1. Cheapest MBA colleges in India
  2. Why You Should Think About Top Cheap MBA Colleges in India
  3. Cheapest Colleges to Study MBA - Eligibility Criteria
  4. Top cheapest colleges to Study MBA in India with Low Fees
  5. Cheapest colleges to study MBA course in India - Placement
  6. Popular MBA Specializations
  7. Low Rankings: Top MBA colleges in India
Top 11 Cheapest MBA Colleges in India 2025 - Fees, ROI, Admission Criteria
Cheapest Colleges to Study MBA

Cheapest MBA colleges in India

With a rise in demand for graduates and postgraduates (administrators) who can efficiently understand, evaluate and run growing businesses, many good colleges have come up with cheap yet quality courses in MBA. Metropolitan cities such as Mumbai, Delhi, Gujarat, and Kolkata have good yet affordable MBA colleges with good faculty and outstanding facilities in India.

Why You Should Think About Top Cheap MBA Colleges in India

The purpose of an MBA course is to create leaders in Business Management. However pursuing some of these MBA programs in big institutions such as IIMs, XLRI, MDI, and NMIMS in India can be really expensive. Some of these courses are designed with a lot of intricate details to ensure the overall grooming of the students, so they are capable of negotiating, critical thinking, ethics, teamwork and time management. There are various MBA streams from which students can opt for their specialization, such as Business Analytics, and General Management.

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Cheapest Colleges to Study MBA - Eligibility Criteria

The eligibility criteria to seek MBA admission to any of the MBA colleges is more or less the same. Students have to complete their bachelor's from any stream before applying to the MBA colleges. Moreover, many of the top MBA colleges prefer students who have at least two or three years of work experience. The general MBA eligibility criteria to get admission into any of the top cheap MBA colleges in India are mentioned below: -

  • The students must have completed their education in the 10+2+3 pattern or in the 10+2+4 pattern.
  • In their undergraduate studies, candidates must have scored around 50% aggregate marks (45% for reserved categories).
  • Their undergraduate degree has to be from an institution that is recognized by the UGC Act.
  • Candidates who have completed their undergraduate and postgraduate education from an open university or through correspondence must have done so from the universities which are recognized by the law. Also, they are exempted from the above pattern. Their degree program should be of 3+2 years.
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Top cheapest colleges to Study MBA in India with Low Fees

Students are taught well the basics and advanced topics in the field and are groomed to become world leaders in the future. Some of the top colleges that provide the lowest MBA fees in India are spread across the states so that the students can choose their convenience, and they do not have to move around and look for colleges and courses in other states.

Here is a list of the top cheap MBA colleges in India, along with their course fees: -

Top MBA colleges with low fees in India

Course fees

FMS, Delhi

Rs. 0.20 lakhs

Department of Financial Studies (DFS), DU

Rs. 0.48 lakhs

Delhi School of Economics, DU

Rs. 0.31 lakhs

Tata Institute of Social Sciences (TISS), Mumbai

Rs. 1.14 lakhs

Pune University Department of Management Sciences (PUMBA)

Rs. 1.32 lakhs

FMS BHU

Rs. 0.98 lakhs

MSU Baroda

Rs. 0.29 lakhs

UBS Chandigarh

Rs. 0.38 lakhs

IGNOU Delhi

Rs. 0.37 lakhs

JMI New Delhi

Rs. 0.47 lakhs

Browse MBA Colleges By Location

Cheapest Colleges to Study MBA - Admission Procedure

Before applying to the MBA colleges in India, the students must check the eligibility criteria. They must make sure they abide by the criteria and rules mentioned in the eligibility criteria list and then proceed further. If at any stage, the student is found to have not complied with the eligibility guidelines, then his/her admission shall be cancelled. Some of the common admission steps for top cheap MBA colleges in India are given below: -

  • Firstly, select the perfect MBA degree. For example, if you are interested in HR, go to a college in Bangalore. Similarly, if you are interested in finance, go to a college in Mumbai.
  • Then select what kind, of course, you would like, i.e., regular mode, online mode, or distance education mode.
  • Score a higher CGPA in your undergraduate degree. Check for the CGPA criteria for colleges.
  • Appear for entrance exams such as MAT, ATMA, MAH CET, XAT, or any suitable test whose scores are accepted by the college.
  • Create a good CV/ resume. In this, you are supposed to add all your previous achievements and educational qualifications.
  • Prepare for the selection process. If your name is featured in the merit list, complete the admission formalities and pay the course fees.

Also Read:

Cheapest colleges to study MBA course in India - Placement

Here is a list of the top cheap MBA colleges with low fees and good placements in India, along with their MBA placement: -

Name of the college

Average/Median Salary

FMS, Delhi

Rs. 20.50 lakhs

Department of Financial Studies (DFS), DU

Rs. 15 lakhs

Delhi School of Economics, DU

Rs. 15 lakhs

Tata Institute of Social Sciences (TISS), Mumbai

Rs. 4.80 lakhs

Pune University Department of Management Sciences (PUMBA)

Rs. 18 lakhs

FMS BHU

Rs. 7.20 lakhs

MSU Baroda

Rs. 5 lakhs

UBS Chandigarh

Rs. 11.38 lakhs

IGNOU Delhi

Rs. 4.5 lakhs

JMI New Delhi

Rs. 4.20 lakhs

Popular MBA Specializations

Mentioned below are some of the most popular MBA specializations that are becoming increasingly popular with candidates pursuing this post-graduate program in leading colleges across India.

Low Rankings: Top MBA colleges in India

There are many top colleges across the country that accept students with low ranks in their entrance exams. Students don't have to worry about scoring less they can apply to any of the following colleges to take admission to MBA programs: -

Frequently Asked Questions (FAQs)

Q: Which is the No 1 MBA college in India?
A:

According to the NIRF MBA rating, IIM Ahmedabad is the top B-school/ MBA college in India. Other top MBA colleges in Indian include IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIT-Delhi-DoMS.

Q: Can a student with an undergraduate degree from an Open University apply for the MBA course?
A:

Yes, anyone who has a 3+2 years of educational qualification can apply for admission to an MBA course.

Q: Is there any age limit to study MBA?
A:

There is no age limit to study MBA in any recognized institution. 

Q: Can Someone with a BTech apply for an MBA?
A:

Yes, anyone with a 10+2+3 education irrespective of their bachelor's degree can apply for an MBA.

Q: Do we get the option of studying MBA online?
A:

Yes, definitely distance MBA is offered in many recognized universities for students who cannot attend college.

Q: Are the cheap colleges offering MBA any good?
A:

There are many government colleges with low fees but are known to offer good quality education, which is in part with leading private colleges in India.

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Hello

You can get all the papers on the Careers360 website. To access the paper and download it for practice, just visit here:

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Hello dear candidate,

Yes, you have a very good chance of getting a BPT seat with 488 out of 600 and TS EAMCET rank of 14,000 under the ST category.

As the cut off of BPT for ST category students are generally between 25,000 to 45,000 ranks, depending upon the college and you have TS EAMCET rank of 14,000.

Thank you.

If you got 802 marks in Telangana Intermediate and belong to the ST category, you have a fair chance to get admission in a BPT course in 2025, but it depends on the college and cut-off. Most BPT colleges in Telangana ask for 12th marks in Physics, Chemistry, and Biology, and some also use the TS EAMCET rank for admission. The cut-off for ST students is usually lower than for general students, but it changes every year. It is better to check the previous year’s cut-offs of the colleges you want to apply to.

Hello, Getting shortlisted for IIM Lucknow or IIT Bombay (SJMSOM) with your profile is challenging, primarily due to your 58% in Class 10th, which significantly impacts the composite score calculation for both institutes. While your 98 percentile CAT score is excellent, and your 24 months of work experience, B.Com (Hons) background (providing academic diversity, especially for IIM-L), and KVS National player status are valuable additions, top IIMs and IITs heavily weigh consistent academic performance. Your 74% in 12th is also on the lower side. IIM Lucknow places substantial weight on 10th and 12th marks, making a call quite difficult despite your strengths. You likely have a relatively better, though still uncertain, chance at IIT Bombay, as their weighting might be slightly less penalizing for past academics compared to IIM-L, and your high CAT score is a major factor. However, the low 10th score remains a significant hurdle for both prestigious institutions.

I hope you found this information helpful and for study related queries you can ask in careers360 app, Have a great day and!

Hey,

You already have a strong profile with the score of 58% in Class 10, 74% in Class 12, and 80% in graduation, but admission in IIT Bombay, Shailesh J Mehta School of Management is quite competitive, especially if you are in general category because the cutoff for general goes to 98.5-99%. Your CAT percentage is impressive but your 10th marks might reduce your score during the shortlisting process. If you perform well in Written Ability Test and Personal Interview, and present your commerce background you still stand a fair chance. But it would also be wise if you have some backups like MDI Gurugram, IMT Ghaziabad, IMI Delhi, where your marks and profile will fit well in their selection range.