5 Proven Money-Saving Tips to Afford Your MBA in India & Abroad

5 Proven Money-Saving Tips to Afford Your MBA in India & Abroad

Alen Tom ShajiUpdated on 12 Mar 2025, 05:47 PM IST

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.

This Story also Contains

  1. 5 Money Saving Tips For Your MBA
  2. Money Saving Tips For MBA Students
  3. Best MBA Colleges in India with Low Fees
  4. Best Cheapest MBA Colleges Abroad
  5. MBA with low Fees in India
5 Proven Money-Saving Tips to Afford Your MBA in India & Abroad
5 Money Saving Tips For Your MBA

5 Money Saving Tips For Your MBA

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.

Money Saving Tips For MBA Students

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.

Tip 1: Research about MBA Specialisations and Job Market

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.

Amity University-Noida MBA Admissions 2026

Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.

BIMTECH PGDM Admissions 2026

AACSB Accredited | Highest CTC: 22 LPA

Tip 2: Apply for a Bank loan

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.

Tip 3: Avail of the MBA Scholarships

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

Tip 4: Start to earn during the course period itself

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.

Tip 5: Maximize the use of B-Schools facilities and resources

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

Best MBA Colleges in India with Low Fees

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.

Cheapest MBA Colleges in India

Best Cheapest MBA Colleges Abroad

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.

Top 10 Cheapest MBA Colleges Abroad

MBA Colleges Abroad

MBA Fees

MBA Scholarships

Memorial University of Newfoundland, Canada

Rs. 3,93,200

  • Faculty Of Business Administration MBA Entrance Scholarships
  • Faculty Of Business Administration MBA Indigenous Entrance Scholarship

University of Victoria, Canada

Rs. 29,61,700

  • Ritchie Foundation MBA Entrance Scholarship
  • MBA Pay-it-Forward Award
  • James A. Mossey Award

EU Business School, Barcelona

Rs. 19.28,690

  • EADA Scholarships
  • Barcelona GSE Master Scholarship

University College of Birmingham, UK

Rs. 26,44,290

  • Academic Excellence Scholarship
  • Sporting Excellence Scholarship

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 with low Fees in India

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

Frequently Asked Questions (FAQs)

Q: How can I do an MBA with lower fees in India?
A:

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.

  • Pune University Department of Management Sciences (PUMBA)
  • Tata Institute of Social Sciences (TISS), Mumbai
  • IGNOU Delhi
  • Delhi School of Economics, DU
  • Dr. D.Y. Patil Institute of Management and Entrepreneur
Q: What are the 5 steps to save money for an MBA?
A:

The 5 money saving tips for your MBA are as follows:

  • Research about the MBA specialisation and institutes.
  • Apply for educational loans from banks at favourable interest rates if required. 
  • Apply for the scholarships or grants offered by the government or MBA Institutes.
  • Start to earn during the study period itself by doing part-time jobs, internships or freelance work.
  • Try to utilise the resources available at the MBA colleges.
Q: Can I do an MBA without money?
A:

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.

Q: Are there any scholarships available to do MBA courses in India?
A:

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.

Q: What are the expenses of doing an MBA in India?
A:

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.

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Check your devices and email; you may still have the soft copy of the Admit card. If not, don't panic, the CAT 2025 admit card may not be a huge requirement after the exam; the CAT scorecard is usually asked for the admission formalities.

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 ,

can you please specify the question like in NIT trichy are you looking for admission in B. tech program .

If yes for B. tech program then JEE main exam is necessary and the cut off for each branch may vary.

https://engineering.careers360.com/articles/jee-main-cutoff-for-nit-trichy


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 dear candidate,

Although, the older and prestigious IIMs require 97 to 99 percentile which is not applicable in your case. The IIM Rohtak and IIM Shillong might be your closest calls with historically cut off range around 91 to 93 percentile in CAT especially with strong hold for female