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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CAT Application Date:01 Aug' 25 - 13 Sep' 25

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!

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 ?

Yes, you can fill the CAT form even if you currently have a backlog. CAT eligibility requires you to be in your final year of graduation or already graduated backlogs don’t stop you from applying.

While filling the form:

  • Enter the aggregate percentage/CGPA of marks you have obtained up to the latest semester for which results are declared (in your case till 4th semester).

  • There will be an option to mention that you have a backlog.

  • If you clear the backlog later, you’ll just need to show the updated marks during admission.

Hello Aspirant,

Yes, you can apply for the CAT exam as a final-year student. You must declare your backlog on the online application form. You do not write about it on the final-year student certificate; that document is to certify your enrollment status. You must clear all backlogs before the final admission process to any MBA college.

Hello,

Thank you for your question!

KL- MAT syllabus: Quantitative Aptitude, Reasoning, English/Verbal Ability, and General Awareness (similar to MAT/CMAT pattern).

CAT scores are valid in many private universities including KL University, but always check the year’s admission notification.

CAT vs other exams: CAT is toughest (IIMs + top B-schools), while MAT/CMAT/ATMA are relatively easier and accepted by many mid-level private universities.

Hello it will clear your doubt!

Hello Aspirant,

  1. I saw a cat. The cat found an old map inside a drawer of the king's palace.

Here's why:

  • "a cat": It's the first time we mention the cat, so it's indefinite.

  • "The cat": Now we're talking about that specific cat we just mentioned, so it's definite.

  • "an old map": It's the first time we mention a map, and "old" starts with a vowel sound, so "an."

  • "a drawer": It's one of possibly many drawers, not a specific one known to us yet.

  • "the king's palace": This is a specific, unique place, so "the."

Hello Kapish

You can find the last 5 year questions of DILR for CAT at Careers360 website. Moreover, you can find the previous year papers of all the subjects i.e. DILR, Quants and VARC. I am attaching the link through which you would be able to access the same.

Here's the link: CAT Previous Year Papers by CAREERS360
Sample paper of DILR: CAT Sample Paper (DILR) by CAREERS360

Thank You!!!