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    MBA Fees in India 2026: Compare IIM, FMS, XLRI Fees, Low-Cost Colleges & ROI Insights

    MBA Fees in India 2026: Compare IIM, FMS, XLRI Fees, Low-Cost Colleges & ROI Insights

    SundararajanUpdated on 20 Apr 2026, 12:11 PM IST

    MBA fees in India 2026 range from Rs. 26,000 to Rs. 30,00,000. The MBA fees in India for tier 1 colleges like IIMs, SPJIMR, MDI, etc. are very high, ranging from Rs. 14,00,000 to Rs. 27,00,000. Fortunately, there are still many top MBA government colleges like FMS Delhi and DFS Delhi that offer affordable MBA courses and have an excellent placement record. MBA fees in government colleges are pocket-friendly, whereas the fees of private MBA institutes like XLRI, SIBM, ISB, etc. are quite high as well. MBA fees in Indian institutes depend on various factors like infrastructure, extracurricular activities, hostel facilities, etc. Generally, the top 10 MBA colleges in India have fee structures that increase by 5–7% every year. In this piece, we will explore the MBA fee structure of B-schools in India, have a look at the placement record, etc.

    MBA Fees in India 2026

    MBA Fees in India 2026: Compare IIM, FMS, XLRI Fees, Low-Cost Colleges & ROI Insights
    MBA Fees in India

    Although you earn the degree with your hard work over the two years, you have to pay the price of the education you receive, the faculty members, infrastructure and other facilities that you would avail of during these two important years of your life. The cost of an MBA in India is dependent on various factors like curricular activities, infrastructure, hostel facilities, international exposure, placement services and much more. The lowest MBA fees in India are around Rs. 20,000 to Rs. 50,000. In this article, we discuss the top MBA colleges in India with their fee structures.

    Many MBA colleges in India also provide scholarships to students fulfilling the eligibility criteria. Read the article further to know details on the top MBA colleges in India with fee structures. Most of the candidates are looking for government colleges and MBA Colleges with low fees. Your quest for your dream college ends here. This article on Careers360 will help you choose the right MBA college for you. You will get a list of MBA fees in government colleges, top private colleges with low fees, and so on, with this article. Continue to read to know the top MBA colleges, how much it costs to do an MBA from top B-schools, IIMs MBA fees in India, top B-schools and their MBA fees, top MBA colleges with the lowest fees, etc.

    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.

    ITM Business School MBA Admissions 2026

    400+ Company Visits | Highest CTC Offered: 21 LPA | Average CTC Offered: 8.65 LPA | 100% Placement Assurance

    Also Read: What is an MBA? Know in detail the core MBA Subjects

    How much will your MBA cost in the Top B-Schools

    Thus, a fee is one of the crucial factors in selecting the right B-School. As the MBA admission 2026-28 season ushers in, it is important for MBA aspirants who are expecting a call from the top B-schools to know about the average MBA fees in India that they have to pay for their selected MBA programme. Although the fee amount should not matter if you are getting admission to top B-schools, you still need to know the fee amount so that you can analyse the ROI factor as well.

    MBA Course Fees in India

    Check out the table below about MBA fees in Indian government colleges.

    Particulars IIM Fees range (Approx in Rs.)
    IIM MBA Fees16,00,000 – 27,00,000
    IIT MBA Fees4,00,000 – 21,00,000
    IGNOU MBA Fees64,000
    CAT 2025 College Predictor
    Use CAT 2025 College Predictor to check your chances for IIM and top MBA calls based on CAT percentile, profile, work experience and cut-off trends.
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    💡 Conversion Formula used is: Percentage = CGPA × 9.5

    IIM MBA Fees in India

    Candidates can check the list of top IIM MBA colleges in India with fees in the table provided below. This table will also give you an idea of the top government MBA colleges in India with low fees. Candidates who are willing to get into a government IIM college but are expecting low fees can opt for the list of colleges provided in this table.

    Top 10 MBA Colleges in India with fee structure

    IIM IIM MBA Total Fees*
    IIM AhmedabadRs 27.5 lakhs
    IIM BangaloreRs. 26 lakhs
    IIM CalcuttaRs 27 lakhs
    IIM LucknowRs 24 lakhs
    IIM KozhikodeRs 23.50 lakhs
    IIM IndoreRs 20.15 lakhs
    IIM ShillongRs. 26.18 lakhs
    IIM RohtakRs 17.90 lakhs
    IIM RaipurRs 20 lakhs
    IIM TrichyRs 19.50 lakhs (2024-26)
    IIM RanchiRs. 19.20 lakhs (2025-27)
    IIM KashipurRs 17.30 lakh (2025-27)
    IIM UdaipurRs 21.51 lakhs
    IIM NagpurRs 21 lakhs
    IIM VisakhapatnamRs 23.58 lakhs
    IIM SirmaurRs 16 lakh
    IIM SambalpurRs 21.01 lakhs (2024-26)
    IIM AmritsarRs 21.50 lakhs
    IIM MumbaiRs. 25 lakhs
    IIM JammuRs. 22.8 lakhs
    UPES MBA Admissions 2026

    Last Date to Apply: 30th May | Ranked #36 amongst institutions in Management by NIRF | 100% Placement

    BIMTECH PGDM Admissions 2026

    AACSB Accredited | Highest CTC: 22 LPA

    *These are the approximate fees only. The actual MBA fee structure may vary.

    Check out:

    Top MBA Colleges in India with fees

    With the IIM fee structure already discussed above, Careers360 brings to you the approximate cost of the top 10 MBA colleges in India with fee structure for their flagship management programmes in the academic year 2026-28. Check the following list of average IIT MBA fees in India.

    B-School

    Fee*

    DMS, IIT Delhi

    Rs. 12 lakhs

    DoMS, IIT Madras

    Rs. 10 lakhs

    XLRI Jamshedpur

    Rs 30.50 lakhs

    VGSoM, IIT Kharagpur

    Rs. 13.03 lakhs

    FMS, University of Delhi

    Rs. 2.43 lakhs

    SJMSoM, IIT Bombay

    Rs. 15.15 lakhs

    MDI Gurgaon

    Rs. 26.55 lakhs

    SPJIMR Mumbai

    Rs. 22.66 lakhs

    DIME, IIT Kanpur

    Rs. 8.24 lakhs

    IIFT Delhi

    Rs. 21.82 lakhs

    DMS, IISc. Bangalore

    Rs. 5.33 lakhs

    JBIMS Mumbai

    Rs. 8.12 lakhs (2024-26)

    TAPMI Manipal

    Rs. 19.50 lakhs

    Great Lakes Institute of Management, Chennai

    Rs. 19.82 lakhs

    IMT Ghaziabad

    Rs. 23 lakhs

    XUB-XIMB

    Rs. 24.60 lakhs

    IFMR Chennai

    Rs. 16 lakhs

    IIFM Bhopal

    Rs. 12.98 lakhs

    NMIMS Mumbai

    Rs. 27 lakhs

    LIBA Chennai

    Rs. 18.89 lakhs

    IRMA

    Rs.16.29 lakhs

    We School Mumbai

    Rs. 14 lakhs

    DSM, DTU

    Rs. 3.96 lakh

    IBS Hyderabad

    Rs. 17.01 lakhs

    DMS, NIT Trichy

    Rs. 2.91 lakhs

    SCMHRD Pune

    Rs. 28.54 lakhs

    KJSIMSR, Mumbai

    Rs. 23.87 lakhs

    Goa Institute of Management

    Rs. 21.45 lakhs

    IMNU, Ahmedabad

    Rs. 12.80 lakhs

    MANAGE Hyderabad

    Rs. 4.94 lakhs

    XIME Bangalore

    Rs. 12.90 lakhs

    IFIM Bangalore

    Rs. 10.21 lakhs

    LBSIM Delhi

    Rs. 17.25 lakhs

    IPE Hyderabad

    Rs. 9.15 lakhs

    Amrita School of Business, Coimbatore

    Rs. 13.50 lakhs

    SIIB Pune

    Rs. 20.82 lakhs

    SIMSREE Pune

    Rs. 1.38 lakhs

    PSG Institute of Management

    -

    Alliance School of Business, Alliance University, Bangalore

    Rs. 15 lakhs

    Jaipuria Institute of Management, Noida

    Rs. 16.50 lakhs

    SCMS Cochin

    Rs. 9.75 lakhs

    KIAMS Harihar

    Rs. 11.93 lakhs

    MS Ramaiah Institute of Management, Bangalore

    Rs. 12 lakhs

    DMS, University of Pune

    Rs. 2.50 lakhs

    Thiagarajar School of Management, Madurai

    Rs. 14.7 lakhs

    VIT Business School, Vellore

    Rs. 7 lakhs

    Christ University, Bangalore

    -

    Dr. D Y Patil School of Management, Pune

    Rs. 2.91 lakhs

    AIMS Bangalore

    Rs. 6 - 12 lakhs

    BVIMR, Pune

    Rs. 6,07 lakhs

    Chitkara Business School, Chandigarh

    Rs. 10 lakhs

    FLAME University, Pune

    Rs. 20.95 lakhs

    SDMIMD Mysore

    -

    Shiv Nadar University

    Rs. 15.95 lakhs

    Universal Business School, Karjat

    Rs. 10.48 lakhs

    VJIM, Hyderabad

    Rs. 9 lakhs

    Jagan Institute of Management Studies (JIMS), Rohini

    Rs. 10.82 lakhs

    Fortune Institute of International Business, New Delhi

    Rs. 13.05 lakhs

    *The above fees are tentative and may vary for the current academic year.

    MBA Fees in private colleges

    Check the list of MBA course fees in some of the private colleges of India, which have distinguished themselves in the field of Master of Business Administration courses.

    S. No

    MBA Fees in India Private Colleges

    Total Course Fee

    1

    XLRI Xavier College of Management, Jamshedpur

    Rs 30.50 lakhs

    2

    MDI Gurgaon

    Rs 26.55 lakhs

    3

    SPJIMR, Mumbai

    Rs 22.66 lakhs

    4

    Great Lakes, Chennai

    Rs 19.82 lakhs

    5

    TAPMI Manipal

    Rs 19.50 lakhs

    Lowest MBA Fees in India

    In India, the minimum fee for a full-time MBA degree is variable, and it depends on several factors including the ones such as the CAT or relevant entrance exam score. Candidates belonging to reserved categories, such as SC/ ST/ OBC, are charged much less than unreserved category candidates. There are many government MBA Colleges with low fees as well.

    So, if you don’t get admission to a good and low-fee B-school, it may be better to increase your budget and get into a good B-school with a strong placement record, even if it's slightly expensive. You will recoup your extra investment in a few months.

    Read more:

    There are many B-schools in India whose MBA fee structure is less than rupees one lakh. Even though their fee is low, all these institutes are recognised by the University Grants Commission (UGC). Here is the list of popular MBA colleges with less than Rs 1 lakh.

    MBA Colleges Name

    Course Name

    Fee Structure*

    Jamia Millia Islamia-JMI

    MBA in International Business

    Rs 20,960

    BK School of Business Management

    PGP Foreign Trade Management

    Rs 13,000

    Department of Financial Studies, University of Delhi

    MBA in Financial Management

    Rs 97,000

    Amity University

    PGD in Health and Wellness Management

    Rs 16.56 lakhs

    Tata Institute of Social Sciences, Mumbai

    MA in HRM and Labour Relations

    Rs 2.03 lakhs

    University Business School, Chandigarh-Panjab University

    MBA HRM

    Rs 4 lakhs

    Vishwa Vishwani School of Business

    MBA

    Rs 8.01 lakhs

    Utkal University

    PGD Banking & Insurance Management

    Rs 80,000

    Indian Institute of Social Welfare and Business Management-IISWBM

    PGD Supply Chain and Logistics Management

    Rs 8.30 lakhs

    Maharshi Dayanand University Center, Dwarka

    MBA

    Rs 48,000

    Andhra University, Visakhapatnam

    MHRM

    Rs 24,440

    Gujarat University

    PGD Export-Import & International Finance

    Rs 6,000

    AMU - Aligarh Muslim University

    PGD Public Relations

    Rs 3,500

    University College of Commerce and Business Management, Osmania University

    MBA Technology Management Programme

    Rs 20,000

    Gauhati University - GU

    Master of Business Economics

    Rs 14,090

    Department of Management Studies, Anna University

    MBA

    Rs 56,550

    CUSAT - Cochin University of Science and Technology

    MBA

    Rs 42,000

    Doon University

    PGD Security Management

    Rs 1.48 lakhs

    *These are the approximate fees only. The actual fee may vary.

    Average MBA Fees in India

    CategoryAverage Fees (2 Years)
    IIMsRs 20 to 28 Lakhs
    Tier-1 Private CollegeRs 15 to 25 Lakhs
    Tier-2 Private CollegeRs 8 to 12 Lakhs
    Tier-3/ State CollegeRs 2 to 6 Lakhs

    IGNOU MBA Fees

    The MBA Programme at IGNOU consists of 21 courses in all. Total fees for all these courses are Rs 66,000:

    • All the courses from MS-1 to MS-09 and MS-11
    • Five courses from any one of the specialisation streams
    • Compulsory Courses (MS-10, MS-91, MS-95) and anyone elective course out of MS-92/93/94/96/97
    • Project Course (MS-100) equivalent to 2 courses

    Also Read: IIM Admission Criteria

    MBA Fees in India: Key Trends

    1. IIMs & Top MBA Colleges increase MBA Fee Annually: IIM Ahmedabad, Bangalore, Calcutta and the other IIMs increase their fee for each academic session. IIMs increase their fee at the beginning of their academic session. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, XLRI Jamshedpur, and MDI Gurgaon have already increased their fee.
    2. Good MBA colleges with low fees are few: These are the Government University MBA departments or affiliated colleges. MBA at UBS Chandigarh is offered at Rs. 4 lakhs while an MBA at FMS Delhi of Delhi University is still offered at a fee of Rs. 2.43 lakhs for the entire MBA programme. SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs. 1.38 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs. 2.50 lakhs.
    3. MBA Fees in Delhi and Bangalore less than 5 lakh fee are many: Delhi University; Guru Gobind Singh Indraprastha University Delhi; Bangalore University; VTU Bangalore University; are a few of the examples that offer MBA programmes at less than Rs. 4 lakhs.
    4. MBA Fees in Mumbai: IIM Mumbai is one of the premium B-schools that offer MBA admission with MBA fees of Rs. 21 lakh. The average MBA fee in Mumbai comes around Rs. 10 lakhs to Rs. 18 lakhs.

    Frequently Asked Questions (FAQs)

    Q: What is the average fees for MBA in India?
    A:

    The MBA fee for IIMs range from Rs 12 Lakh to Rs 30 Lakh and other top B-schools such as XLRI, SPJIMR and MDI Gurgaon MBA fees ranges from Rs 15 Lakh to Rs 26 Lakh. Most of the top B-schools in India will cost between Rs 10 Lakh to Rs 23 Lakh.

    Q: What is the minimum MBA fees in India? or What is the lowest MBA fees?
    A:

    There are certain B-schools that offer MBA with low fee structures.

    MBA CollegeMBA fees

    Faculty of Management Studies (FMS) Delhi – University of Delhi

    Rs 2.43 lakhs
    SIMSREE, Mumbai
    Rs 1.38 lakhs
    PUMBA, Pune
    Rs 2.50 lakhs
    Q: Can I study MBA for free?
    A:

    If a candidate wants to pursue MBA for free, then they have to apply to certain Bschool which offer a 100 percent scholarship.

    Q: Can I do MBA from home?
    A:

    Those who want to pursue MBA from home, then they can opt Correspondence MBA or Distance MBA.

    Q: What is the cost of 1 year MBA in India?
    A:

    The one-year MBA fees for prestigious institutes like IIM Ahmedabad, IIM Bangalore, IIM Calcutta are around Rs 15-16 lakhs.

    Q: What is the lowest fees of MBA in India?
    A:

    The lowest MBA fees in India have been provided are Rs. 50,000 to Rs. 1 lakhs. 

    Q: How much does an MBA cost in India?
    A:

    The cost of doing an MBA in India comes to around Rs. 20,000 to Rs. 40 lakhs. MBA fees in India per year for the government and private colleges vary year to year. 

    Q: Can I do an MBA in 1 lakh?
    A:

    Yes, MBA aspirants can also complete their MBA in any specialisation by attending any of the MBA entrance exams. Some of the institutions offering MBA courses under Rs. 1 lakh are University of Delhi, Indian Institute of Social Welfare and Business Management and other state universities.

    Q: Why are MBA fees so high?
    A:

    The quality of the education and infrastructure offered by the B-Schools for various management courses is up to the world-class level. So, the MBA fees in government or private colleges in India are higher as compared to other postgraduate courses.

    Q: How to reduce MBA fees?
    A:

    Here are some important points that specify how one can cut the cost of an MBA.

    • Choose your region wisely
    • Opt for a shorter MBA to cut the cost
    • Consider India: a top choice for lower-cost MBAs.
    • Explore online or hybrid options
    • Explore scholarship options
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