BIMTECH PGDM Admissions 2026
AACSB Accredited | Highest CTC: 22 LPA
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
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.
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 |
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)
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.
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.
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.
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
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
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
NAAC A++ Grade | MBA program graded A** (National) by CRISIL | AACSB, ACBSP and BGA Member
Assured Placements and Career Support
Phase 02 Applications Window Closing on 23rd January 2026 | 100% Placement Record | Average CTC 12.75 LPA | Highest CTC 40.31 LPA | Median CTC 12.49 LPA