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11 Cheapest Colleges to Study MBA Course in India

11 Cheapest Colleges to Study MBA Course in India

Edited By Team Careers360 | Updated on Jul 05, 2024 11:14 AM IST | #CAT

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!

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 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 (in Rs.)

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: 5 Money Saving Tips For Your MBA

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 (in Rs.)

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 Question (FAQs)

1. Can a student with an undergraduate degree from an Open University apply for the MBA course?

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

2. Is there any age limit to study MBA?

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

3. Can Someone with a BTech apply for an MBA?

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

4. Do we get the option of studying MBA online?

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

5. Are the cheap colleges offering MBA any good?

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

Have a question related to CAT ?

Hello aspirant,
The CAT exam syllabus is not officially prescribed, but it generally includes topics from the following sections:

1. Verbal Ability and Reading Comprehension (VARC)
2. Data interpretation and logical reasoning
3. Quantitative ability

  • Arithmetic

  • Algebra

  • Geometry and Mensuration

  • Number System

  • Modern Math

It seems unlikely that you would be able to get admission in the BTech CS branch at BIT Sindri or Mesra with a CML rank of 2058 and category rank of 433.

Key points:

1. The search results indicate that a CML (Common Merit List) rank of 2058 is quite low for admission to premier engineering colleges like BIT Sindri or NIT Mesra.

2. The cutoff ranks for BTech CS branch at these institutes are usually much higher, often in the range of 1000-2000 for the general category.

3. With a category rank of 433, you may have a better chance of getting admission in the reserved category quota, but the competition is still quite high.

4. The search results do not provide specific cutoff details for BIT Sindri or NIT Mesra, but the general trend suggests your current ranks may not be sufficient for the CS branch in these institutes.

My advice would be to:

1. Check the latest cutoff ranks and admission criteria on the official websites of BIT Sindri and NIT Mesra.

2. Explore other options like state-level engineering colleges or NITs where your current ranks may have a better chance of securing admission.

3. Consider improving your performance in the next attempt of the entrance exam to increase your chances of getting into your desired BTech program.



For VARC, read daily from diverse sources (newspapers, novels, journals) to improve comprehension and vocabulary. Practice RC passages and verbal ability questions regularly. For DILR (Data Interpretation and Logical Reasoning) and QA (Quantitative Aptitude), solve previous years' papers and take mock tests to identify weak areas. Join a coaching institute or online courses for guidance and stay consistent with your study schedule. Review and analyze your performance in mocks to understand mistakes and improve. Maintain a positive mindset and stay disciplined in your preparation.

Hello aspirant,

Every year, IIMs conduct the Common Admission Test (CAT), a national MBA entrance exam, in rotation. For admission to over 1,200 institutions and premier B-schools in India, as well as PGDM, Executive MBA, PhD, and FPM programmes, the IIM CAT exam is regarded as one of the most difficult MBA entrance exams to pass. One of the best MBA schools in India, IIMs offers PGDM and MBA programmes for students who pass the CAT exam with scores in the 82nd to 99th percentiles.

For complete information you can visit our website by clicking on the link given below.

https://bschool-careers360-com.cdn.ampproject.org/v/s/bschool.careers360.com/exams/cat/amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17204523672625&csi=1&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fbschool.careers360.com%2Fexams%2Fcat

Thank you

Hope this information helps you.

Hello!

The educational qualification required for CAT exam is bachelor's degree or its equivalent from a recognized university with minimum of 50% for the open category and 45% for the SC/ST/PwD category. Since you have secured more than the required percentage in your bachelor's degree, you are eligible for CAT exam.

For more information, please visit the website by clicking on the link given below:

https://bschool.careers360.com/articles/cat-eligibility-criteria

I hope you will find this information helpful. Best wishes ahead!

View All

1-radian measures 600. (True/False)

Option: 1

True


Option: 2

False


$111111^2$ = 

Option: 1

123456654321


Option: 2

123454321


Option: 3

123454321


Option: 4

12345654321


1111112 =___________ 

Option: 1

 123456654321


Option: 2

1234554321


Option: 3

123454321


Option: 4

12345654321


159702 is divisible by

Option: 1

7


Option: 2

9


Option: 3

11


Option: 4

6


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What best can be said about the number of satellites serving C? 

Option: 1

Must be between 450 and 725 

 


Option: 2

Cannot be more than 800 
 


Option: 3

Must be between 400 and 800 

 


Option: 4

Must be at least 100 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What is the minimum possible number of satellites serving B exclusively? 

Option: 1

100


Option: 2

200


Option: 3

500


Option: 4

250


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

If at least 100 of the 1600 satellites were serving O, what can be said about the number of satellites serving S? 

Option: 1

At most 475 

 


Option: 2

Exactly 475 
 


Option: 3

At least 475 

 


Option: 4

No conclusion is possible based on the given information 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

 If the number of satellites serving at least two among B, C, and S is 1200, which of the following MUST be FALSE? 

Option: 1

The number of satellites serving C cannot be uniquely determined 

 


Option: 2

The number of satellites serving B is more than 1000 
 


Option: 3

All 1600 satellites serve B or C or S 

 


Option: 4

The number of satellites serving B exclusively is exactly 250 


2839155 is divisible by

Option: 1

2


Option: 2

7


Option: 3

55


Option: 4

None of the above


'a' for which x^{2}-ax+9= 0 can be written as square of a linear factor is

Option: 1

6


Option: 2

-6,6


Option: 3

\left ( 6,\infty \right )


Option: 4

\left ( -\infty,-6 \right )


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