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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 for the quality and quantity offered!
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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.
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 specialisation, such as Business Analytics, and General Management.
Popular MBA Examinations
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: -
Last Date to Apply: 10th Feb | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
Highest Package 27.25 LPA | Top 100 Average package 16.65 LPA | AACSB Accredited | Ranked 52 by QS International
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 |
Rs. 2.45 lakhs | |
Rs. 97,000 | |
Rs. 97,540 | |
Rs. 1.85 lakhs | |
Rs. 60,800 | |
Rs. 99,290 | |
Rs. 1.5 lakhs | |
Rs. 4 lakhs | |
Rs. 66,000 | |
Rs. 53,150 |
Browse MBA Colleges By Location
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: -
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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. 34.1 lakhs |
Department of Financial Studies (DFS), DU | Rs. 15 lakhs |
Delhi School of Economics, DU | Rs. 13.92 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 |
Mentioned below are some of the most popular MBA specialisations that are becoming increasingly popular with candidates pursuing this post-graduate program in leading colleges across India.
Many top colleges across the country 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)
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.
Yes, anyone who has a 3+2 years of educational qualification can apply for admission to an MBA course.
There is no age limit to study MBA in any recognized institution.
Yes, anyone with a 10+2+3 education irrespective of their bachelor's degree can apply for an MBA.
Yes, definitely distance MBA is offered in many recognized universities for students who cannot attend college.
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.
On Question asked by student community
Hello,
Here are some top colleges accepting XAT and CAT exams :
Top colleges accepting CAT:
IIMs (All Indian Institutes of Management)
FMS Delhi
SPJIMR Mumbai
MDI Gurgaon
IIT Bombay (SJMSOM)
IIT Delhi (DMS)
IIFT
IMT Ghaziabad
JBIMS Mumbai
Top colleges accepting XAT:
XLRI Jamshedpur
XIMB Bhubaneswar
IMT Ghaziabad
Great
Hi there,
A female candidate with a CAT percentile of 67.97 and low sectional scores should target private and tier-2/3 B-schools that accept overall CAT scores in the 60–70 percentile range and have flexible sectional criteria.
Some suitable options include AIMS Institute Bangalore, Doon Business School Dehradun, Christ Institute of
Hi there,
Yes, you are eligible for XISS Ranchi with a CAT percentile of 67.60.
According to recent admission trends, the CAT cutoff for the PGDM in Human Resource Management for the general category has been around 60 percentile. For other programs such as Marketing, Finance, and Rural Management, the
Hi there,
Careers360 offers a wide range of eBooks and study materials to assist with CAT preparation. You can access past CAT question papers with solutions to understand the exam pattern and difficulty level. Additionally, there are quantitative aptitude handbooks, cheat sheets, and section-specific practice sets for arithmetic, algebra, and
Hi there,
The minimum eligibility criteria for a general candidate to receive a call from IIM Sambalpur are as follows:
VARC: 65%ile
QUANTS: 65%ile
LRDI: 65%ile
Overall: 90%tile
Keep practising and aim to improve your score. You can also focus on other management exams where you may secure a strong
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