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MBA is one of the most demanding master’s programmes chosen by the candidates after the completion of a bachelor's degree in any stream. As per the latest reports, the cost of studying MBA in the USA and UK ranges from Rs. 60 lakhs to Rs. 65 lakhs. However, the cost of studying MBA in India is around Rs. 26 lakhs to Rs. 35 lakhs. The MBA course fee can vary from one institute to another based on its rankings and reputation. Following some money-saving tips for an MBA helps students achieve their goals and complete the course at an affordable MBA fees. Read this article further to understand some of the tips that help candidates save money for doing an MBA course.
CAT 2025: VARC, DILR, and Quant: MCQs & Weightages | Chapter-wise MCQs
CAT 2025 Study Material: VARC | Quantitative Aptitude | 60 Days Study Material by Experts
Online MBA: Guide | Top Online MBA Universities India | Online MBA at IIMs
Due to the high demand for an MBA, the course fee required to join the management programme at top B-schools in India or abroad will be higher. Candidates who wish to do the MBA must know some money saving tips for doing MBA. When choosing an MBA, the important thing to be considered is the financial investment for completing the course. The course fee for doing an MBA programme at tier 1, tier 2 and tier 3 institutes from India is different from one to another.
The below 5 money saving tips will help the candidates to do an MBA at an affordable cost. These cost-saving techniques will help MBA aspirants to do an MBA from any of the top B-schools in India. The money saving tips for doing an MBA are mentioned below.
MBA opens the door to new opportunities and enhances our professional skill set. So, before choosing an MBA, the candidates must do thorough research regarding the MBA specialisations, reputation of the MBA institutions, best MBA ROI, MBA salary, and MBA placements. The result of this research will help the candidates save money for an MBA by making the right decision and achieving their dreams without burdens.
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Candidates who are worried about the payment of course fees and other expenses to pursue an MBA can directly approach the banks. The bank offers education loans for students who wish to do an MBA in India or abroad. Only one thing to keep in mind while applying for an educational loan, choose a loan with a favorable interest rate and ensure the repayment of the loan on time without failure.
Many MBA universities and colleges offer financial aid to students by offering scholarships based on their academic performance and other extracurricular activities. In addition to this, the central and state government also offers scholarships to the students to pursue their higher studies.
Check out | Scholarship for MBA Students in India: Types, Qualifications
Try to start saving money during your study period by doing part-time jobs, paid internships or freelancing. This practice will help the students to ease the financial burden and source of income for living expenses. The main advantage of doing a job during your study period will be an added advantage to your career.
Most of the top MBA institutes offer academic and infrastructure facilities for students. The candidates can make use of the library, online study materials, and other learning materials to enhance their knowledge and skills. Students can attend the workshops, placement-oriented training sessions, and other placement-related activities offered by the institutions. Students can avoid paying charges for similar services outside the campus.
MBA aspirants also search for: Top MBA Colleges in India with Low Fees & Better Placement
MBA aspirants can also apply for various management specialisations offered at low-cost colleges. Some of the MBA Institutes offering management courses with lower fees in India are mentioned below.
Colleges | Course Fees |
Rs. 2,00,960 | |
Rs. 48,000 | |
Rs. 31,392 | |
Rs. 1,14,600 | |
Rs. 1,32,000 | |
KJ Somaiya Institute of Management Studies and Research, Mumbai | Rs. 12,35,850 |
MBA aspirants who wish to do an MBA from abroad has also plenty of opportunities. Candidates can avail the scholarships based on their profile. Some of the top B-schools available outside India with low fees are mentioned in the table below.
MBA Colleges Abroad | MBA Fees | MBA Scholarships |
Memorial University of Newfoundland, Canada | Rs. 3,93,200 |
|
University of Victoria, Canada | Rs. 29,61,700 |
|
EU Business School, Barcelona | Rs. 19.28,690 |
|
University College of Birmingham, UK | Rs. 26,44,290 |
|
Technical University of Munich, Germany | Rs. 12,00,000 | - |
University of Tuebingen, Germany | Rs. 8,00,000 | - |
Kaplan Business School, Sydney | Rs. 27,00,000 | Asia-International Student Scholarship |
International Institute of Business and Information Technology, Sydney | Rs. 32,00,000 | Federation University Australia Global Excellence Scholarship |
Deusto Business School, Spain | Rs. 10,00,000 | - |
EAE Business School, Spain | Rs. 24,00,000 | Academic Excellence Grant |
Also Read: MBA in India vs MBA Abroad: Which one is better?
MBA aspirants looking for management courses can check out the top colleges with low fees located in different cities in India from the links below.
MBA Colleges in India: Location-wise
Interested candidates can apply for the MBA after the completion of 3 years bachelor’s degree. The main thing the students need to face is the expenses required to do an MBA programme. The candidates can apply for MBA specialisations with low fees offered by the below institutes.
Yes, MBA aspirants can apply for the various scholarships offered by the government or private. The IIMs and other NMBA institutes also provide scholarships for eligible candidates. The scholarships are offered based on some eligibility criteria, entrance exam scores, and academic performance.
Candidates who wish to do an MBA from India can expect expenses like college application fees, tuition fees, mess fees, admission fees, entrance examination fees and preparation fees.
The 5 money saving tips for your MBA are as follows:
Yes, the candidates can do MBA without paying course fees from the top B-schools based on their previous academic performance, entrance exam score and performance in other extra curricular activities.
Hello dear,
The CAT exam requires a significant amount of time for preparation, including brushing up on basic concepts and practicing advanced problem-solving. Starting too early can feel overwhelming and may not be sustainable with other academic commitments.
The CAT exam requires a level of focus and maturity that is not always present in class 9. Starting preparation at this stage can be challenging to maintain. At class 9, you're primarily focused on learning foundational concepts. So you just need to boost your fundamentals by practicing more and more at class 9 because the Quantitative Aptitude section of CAT syllabus includes all the topics of Mathematics from Class 9 to 10 such as Arithmetic, Geometry, Algebra, Trigonometry and Mensuration.
Start Preparation 12 Months Prior:
Identify Weak Sections:
I hope you got your answer, That's all Thank you.
IIFT CAT Cutoff 2024
IIFT Delhi
General: 95–98 percentile
OBC: 90+
SC: 85–95
ST/PwD: 75–93
IIFT Kolkata
General: 85–95 percentile
OBC/SC/ST: 50–95 (varies)
Note: Final selection also includes WAT, GD, PI, academics, and work experience.
To prepare for CDS, CGL, and CAT during graduation, create a clear study schedule focusing on basics, reasoning, and aptitude. Practice daily mocks, improve time management, and stay consistent. Balance college and preparation with discipline and regular revision.
Many colleges accept low CAT scores or have their own exams. Some examples:
Lovely Professional University (LPU)
Amity University
UPES Dehradun
Jaipuria Institute of Management
ITM Navi Mumbai
These often have GD/PI rounds after application.
Hello Devansh, With your VITEEE rank close to 42,000, it is very much possible for you to get CSE in VIT Vellore (CAT 1 or CAT 2) and possible for VIT AP contingent on the opening ranks for that year. CSE in VIT Vellore is very competitive, especially CAT 1, so it is more realistic to get a stream instead. VIT AP is growing, with areas of opportunity and growing, and better infrastructure than what was in the beginning. If you get CSE there as I indicated, the same thought process indicates that it is worth consideration.
Many students say to avoid VIT Bhopal due to it being new (less facilities) and less industry connections. It also does not compare, facility-wise and industry-wise, to VIT Vellore and VIT AP. However, getting CSE is most important and if everything else fails, braking VIT Bhopal is possible. My suggestion would be VIT Vellore (CAT 1 or CAT 2) if you got to sit for CSE or relevant stream. Otherwise, VIT AP is a strong second option. Avoid VIT Bhopal if you have better options.
Best of luck!
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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