Top B-schools in India offering affordable MBA
Top B-Schools in India Offering Affordable MBA - There are many B-schools in India offers affordable MBA admission. Those students who are looking for same can check this page to know the name of the best MBA colleges in India.
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Top B-schools in India offering affordable MBA
The fee for the top MBA colleges in India such as IIMs, XLRI, MDI, IIFT, NMIMS are among the highest, starting at Rs. 15 lakh and above, and so it is important to know the MBA Colleges which have low fee and good placement records at the same time. Along with those, there are many other MBA colleges fees less than 1 lakhs. Despite securing high percentile, MBA aspirants are often in a dilemma to choose the right B-School owing to the high fee amount and a not so satisfactory Return of Investment (ROI). For example, for a top MBA colleges in India like IIM, the fee could be as high as Rs. 20 lakh. This means that the candidates have to rethink whether they must pursue Management studies or go for hefty MBA education loans to pay their B-School expenses. Apart from IIMs, there are many Top MBA colleges in india with low fees.
Fortunately, an MBA dream might not necessarily be an expensive one as there are many B-schools which offer best MBA colleges in india with low fees and have impressive ROI. With a fee of only Rs. 25,000 for a full-time two-year MBA programme, FMS Delhi continues to be the most economic MBA college in India with good placements and in turn, a high ROI. With top-level placements at par with the IIMs and average placement salary of Rs. 20.96 lakh in 2019, FMS Delhi takes the cake! As per the fee structure, Careers360 has compiled a list of the top B-schools in India which not only offer affordable MBA programmes at a low fee, but also have a promising future ahead in terms of career prospects and placement trends.
Ongoing MBA Admission 2021
Best MBA Colleges in India with Low Fees
Flagship Program Name
Course/Tuition Fee (in Rs.)
Average Salary Package (Rs. Lakh Per Annum)
Full Time MBA
MFC / MBE
13 to 14
MBA in HRM and LR
For Maharashtra candidates- MAH CET
For OMC: CAT/MAT/ATMA/XAT/ MAH CET
For Maharashtra state candidates: 1.32 lakh
For all other state candidates: 1.33 lakh
CAT / CMAT / GMAT / XAT
12,35,850- Tuition Fees
Top MBA Entrance Exams
B-School Accepting CAT Scores - Location-wise
Top B-schools with Low Fees
1. Faculty of Management Studies, Delhi - Current tuition fee Rs 20,960
Established in the year 1954, the fee for a Two-Year Full-time MBA programme in FMS is regulated by Delhi University (DU). This is one of those MBA colleges fees less than 5 lakhs. The fee structure has remained the same around Rs.10,000 per annum with the total cost including food and accommodation not exceeding Rs.1 lakh for two years. In 2019, FMS Delhi witnessed an average salary of Rs. 20.96 LPA and has topped the charts in the most affordable B-schools in India which are high on Return of Investment. FMS is amongst the top MBA colleges in India with low fees.
FMS considers CAT scores for admission to its MBA programme and the cutoff is around 98.00+ percentile. Finding a good placement is no concern at this Red Building of Dreams and top recruiters include EY Consulting, Accenture Strategy, Star India, ITC, IBM, Goldman Sachs, HSBC, ICICI Bank, RBL Bank, Reliance among others. The institute is part of one of the premier Universities world – the University of Delhi with some of the finest faculty. FMS is considered to be the best MBA colleges in India with low fees. FMS also hosts a part-time MBA programme where candidates with work experience can join.
2. Department of Financial Studies (DFS), Delhi University (DU) – Current Fee Rs. 26,000
DFS offers two full year MBA Programmes -MBA in Financial Management and MBA in Business Economics with the number of seats as 32 and 82 respectively. Selection is on the basis of CAT score in DFS. The average placement salary as of 2019 was Rs. 9.2 LPA. Top recruiters for placements at DFS include Axis Bank, ICICI Bank, American Express among many others.
3. Delhi School of Economics (DSE), Delhi University (DU) – Current Fee Rs. 36,000
For a fee as low as Rs.18,000 per annum, DSE offers Masters of Business Administration (MBA) in International Business (IB) and Human Resource Development (HRD) in a Full-Time Two-Year Course. It accepts CAT score for admission into 146 seats. Numbers of seats for MBA(IB) and MBA(HRD) is 75 (62+13) for each Program. The average Placement for the MBA programmes was Rs.13 to 14 LPA for 2019 batch.
4. Tata Institute of Social Sciences (TISS), Mumbai – Current fees Rs. 1 Lakh
TISS Mumbai is known for the Human Resources Management programme. The placements of roughly up to Rs. 20.06 LPA average salary, location, reasonable course etc., thereby producing hundreds of polished students every year. Admission is based on the TISSNET score. The entire cost of MBA at TISS is approximately Rs. 2.38 lakh including accommodation/hostel fees.
5. Department of Management Sciences (PUMBA), Pune University - Current fee Rs 1.3 lakh
Pune University Department of Management Sciences (PUMBA) has a slightly higher fee for candidates Outside Maharashtra State (OMS). While the fee for Maharashtra candidates stands at Rs.66,194 for one year (2018-19 session), the fee for All India candidates for flagship two year MBA is Rs.66,694 for the same. Reserved candidates such as SC/ST/OBC are charged Rs. 32,500 per annum. The qualifying exam for PUMBA also has a slightly different structure. For Maharashtra candidates, students have to qualify the MAH CET exam. For Outside Maharashtra Candidates (OMS), students can apply through CAT/MAT/ATMA/XAT/MAH CET.
Founded in the year 1971, PUMBA is one of the first management institutes in India and is a pioneer by itself. Recently, the university has been granted the highest rating by the National Council of Assessment and Accreditation (Bangalore). The University is also recognized by University Grants Commission (UGC) as University of Potential Excellence. Average placement salary recorded in 2019 was Rs. 7.06 LPA.
6. KJ Somaiya Institute of Management Studies and Research, Mumbai – 12,35,850- Tuition Fees for PGDM Programme
The Two-Year MMS Programme is quite economical costing just a meagre fee of Rs.2.04 lakh. However, the cost for Full-time MBA flagship course at SIMSR, Mumbai falls on the higher side, i.e. around Rs.11 lakh. K J Somaiya has consistently ranked among top 25 management institutes and top 10 private sector B-schools in India. All the programmes at K J Somaiya are approved by AICTE, MHRD, Govt. of India and the University of Mumbai. The intake for the programme is 121 seats with 50 percent seats reserved for Gujarati Linguistic Minority. The Two Year Full-Time Programme under autonomy is spread across six trimesters. Placement 2019 recorded an Average salary of Rs. 10.05 LPA and highest salary of Rs.24 LPA. Top Recruiters in Placement 2019 include Google, HUL, GEP, HSBC, Amazon, Invesco, Crisil, Citi Bank, Morgan Stanley, Barclays, SAP, Deloitte, Accenture, Capgemini. The B-school accepts CAT, XAT and CMAT scores in admission.
Below is a list of top MBA colleges in India with low fees but with a slightly higher fee to help students in arranging for the MBA Programme.
Top B-schools with fee below Rs. 10 lakh
Flagship Program Name
Course/Tuition Fee (in Rs.)
Average Salary Package (in Rs. Lakh Per Annum)
CAT/ XAT/ MAH CET/CMAT
Full time Masters in Management Studies (MMS)
PGDIM/PGDISEM, Fellowship Program, PGDIE, PGDMM and PGDPM.
Full Time MBA
DMS, IIT Roorkee
2 years PGDM
2 Years Full-Time MBA/ MMS
1. Jamuna Lal Bajaj Institute of Management Studies (JBIMS), Mumbai - Current fee Rs 6 lakh
JBIMS suddenly twisted its fee structure in 2019. From what used to be Rs.1.02 lakh for the flagship MMS programme, the revised fees will be Rs 3 lakh per annum for General Category from the year 2019-20 onwards. The fee for NRI students will be double of the General category, i.e. Rs 12 lakh for the Two-Year MMS Flagship.
Despite a 300% fee hike, the fee for the flagship MMS 2019-21 will not go much higher as compared to other top B-schools. JBIMS, Mumbai has stuck to its intake of 120 students per year and accepts MAH-CET, CAT and now CMAT scores as well. Surprisingly, the core faculty consists of only eight permanent members on its roll. Placement in 2019 at JBIMS has recorded an average salary of Rs. 18.91 LPA and highest salary of Rs 30 LPA. The top recruiting companies at JBIMS include Accenture, McKinsey, Goldman Sachs, JP Morgan, ICICI Bank, Hindustan Unilever, P&G among many others.
2. National Institute of Industrial Engineering, or NITIE, Mumbai – Current fee Rs.7 lakh
This government-subsidised school charges Rs. 7 lakh for two-year postgraduate programmes offered in three specialisations —industrial management, information technology management, and safety and environmental management. Students get admission on the basis of the Common Admission Test, or CAT scores. The selection procedure is based on a cutoff of 98 percentile and above followed by group discussion and personal interview. However, NITIE only admits graduate engineers to its MBA programmes.
NITIE also offers one of the best returns on investment—the placement packages grossly overshadowing the paltry fees. In 2019, the school selected 174 of the more than 10,000 candidates who applied, giving it an acceptance rate of 1.7 percent. Deloitte, Amazon, Coca-Cola, Flipkart, Nestle, Mars and Marico are among the top recruiting companies of NITIE graduates. Average placement salary recorded in 2019 was Rs. 19.77 LPA.
3. Department of Management Studies (DMS) at IIT Delhi, Delhi – Current fees Rs. 8 lakh
MBA at IIT Delhi is comparable to the best MBA programmes that are available in the world-class business schools. A Two-Year Full-time MBA/PGDM costs Rs.8 lakh. Admission is secured on the basis of CAT score. Department of Management at IIT Delhi was established in 1997 spanning an area of 320 acres including 13 hostels. DMS IIT Delhi is approved by UGC, AICTE and NBA. The average placement salary went up to Rs 16.54 LPA for Batch of 2017-19. Some of the leading recruiters were American Express, Citi Bank, JP Morgan Chase, ICICI Bank, P&G, Johnson & Johnson, Infosys, ONGC etc.
4. Department of Management Studies, IIT Roorkee – Current fee Rs 8.24 lakh
DMS at IIT Roorkee offers MBA specializations in Finance, Human Resource Management, Information Technology, Marketing and Operations Management. It is approved by AIC, AICTE and NAAC. DMS, IIT Roorkee accepts CAT score for Admission into its two-year flagship PGDM programme. It is regarded as a public autonomous institute. This means us that the course offered by this college is primarily PGDM and the course curriculum is set by the college itself within the guidelines of the regulatory authority. The average salary package picked up by students during placements in 2019 was Rs. 9.18 LPA. Top recruiters are P&G, Deloitte, EY, Cognizant, McKinsey etc.
5. Shailesh J. Mehta School of Management (SJMSoM), IIT Bombay – Current fee Rs 8.30 lakh
SJMSOM, IIT Bombay offers a full-time flagship Master of Management degree for 8.15 lakh. Admission is based on CAT score. The hostel fees is an additional Rs.19,000. SJMSOM recorded an average placement salary of Rs. 25.18 LPA in 2019 and the top recruiters include Axis Bank, Accenture, Bisleri, Goldman Sachs, ICICI, Nestle, PwC and many more.
Besides these Central and private MBA colleges, there are other State colleges which offer Management programmes at a low cost. Here is the list of the State universities offering MBA at affordably low fees.
Top University B-schools offering affordable MBA
Flagship Program Name
Course/Tuition Fee (in Rs.)
Average Salary Package (in Ra. Lakh per Annum)
MBA, specialisation in Agri-Business and International Business also offered
6 to 7
Institute of Business Management, Jadavpur University
CAT / XAT
MBA in Forest Management
1. Institute of Management, Banaras Hindu University, Varanasi – Current fee Rs 98,888
IMS BHU has A Full-Time MBA of Two-Years, MBA in Agri-Business Programme and MBA in International business to offer at a price as low as Rs. 98,888. The fee for Agri-Business is even lower – Rs. 61,534. In order to secure admission to IMS BHU, a valid CAT score is required followed by the institute's own selection procedures. Shortlisted candidates for admission to IMS BHU are called for group discussion based on the percentile in CAT Entrance. The B-school has a total of 42 seats. Adani Group, Amazon, Bandhan Bank, Berger Paints, Bosch Ltd, Coffee Day Group, ICICI Prudential, Infosys, State Bank of India, TCS, Wipro are amongst the top recruiters. The average salary package recorded in 2019 was Rs. 6 to 7 LPA.
2. Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata – Current fee Rs 6 lakh
Established in 1953, it is the first institute in India to offer an MBA degree. IISWBM's Full-time two-year MBA programme is affiliated to AICTE. Admission in IISWBM is secured on the basis of CAT / MAT Score. Average placement salary is Rs. 4.5 LPA as of 2019 and top recruiters include Adani Group, Airtel, Axis Bank, CITI Bank, Hindustan Unilever, HSBC, IBM, Infosys, ITC, KPMG, Novartis, PwC, TCS, Vodafone, Wipro among many others.
3. Institute of Business Management, Jadavpur University – Current fee Rs 3.1 lakh
Jadavpur University affiliated Institute of Business Management is a product of century-old National Council of Education, Bengal and was established on 11 March 1905. The institute considers CAT/MAT/XAT/ATMA/WBJEMAT scores followed by GD-PI or JEMAT scores (through counselling) for MBA admission. The current fee for the two-year course is Rs. 3,10,025. Among the leading companies who attend placement sessions at IBM, Jadavpur University is Airtel, Bisleri, Capgemini, KPMG, PwC, Titan and many other top firms.
4. Pune Institute of Business Management - Current fee Rs 4.5 lakh
Pune Institute of Business Management is one of the prestigious institutes for management education in Pune. The AICTE Approved MBA course offered here for two years costs Rs. 4.5 lakh and is affiliated to Savitribai Phule Pune University, Pune. PIBM Pune allows admission through counselling based on the rank obtained in CAT/MAT/XAT/CMAT/ATMA/GMAT/PIBM's Aptitude Test. For campus placement, a decent number of companies visit the PIBM Pune campus like Amazon, Cognizant, Genpact, Globe Op, IBM, Indian Oil Corporation Ltd (IOCL), Infosys, Mahindra & Mahindra, NTPC, Wipro, Accenture, TCS etc. The course has a total intake of 120 seats. The average placement salary here is around Rs. 6 LPA.
5. Indian Institute of Forest Management (IIFM), Bhopal – Current fee Rs 4.80 lakh
A Post Graduate Diploma in Forest Management from IIFM, Bhopal costs Rs. 2.4 lakh per annum. Admission is basis CAT / XAT score. The hostel fee is also quite affordable at Rs. 18,000 per annum. IIFM Bhopal has an intake of 120 seats in MFM course out of which 57 are meant for General category and the rest for SC / ST. Axis Bank, BAIF Development Research Foundation Pune, BILT, CARE, Crompton Greaves, Dr Reddys LaboratoriesLtd, Ernst & Young, WWF, Yes Bank and many more top-notch companies recruit graduates from IIFM and the average salary in this B-school offered is Rs. 6.97 lakh.
MBA colleges fees less than 1 lakh
- FMS New Delhi: Faculty of Management Studies
- Delhi School of Economics (DSE)-Delhi University
- University School of Management Studies (USMS) – Guru Gobind Singh Indraprastha University
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Questions related to CAT
Im stuck between 60 - 75 scores in cat mocks, what should I do in order to hit the 90s mark?
hope you are doing well and safe. As per your query , I would glad to inform you that score can be improved to 90 but for that you need to do quite hardwork and do self analysis on yours . Focus on the easy topics in which you are weak and work on them and upsolve all the mocks and dont redo the same mistakes . For sure you will hit 90 marks soon
Hope you found this answer informative. Best wishes for your future
i want admission on iim for that i had to clear CAT exam so i need full details about CAT course
CAT is not a course rather an entrance examination through which you can get into IIMs and many other B-schools.
Here's the complete detail about CAT
CAT i. e Common Admission Test is a national level entrance examination for admission in MBA/PGDM in B- Schools, including IIMs and several other prestigious B- Schools. It is conducted by IIMs themselves every year in rotation in online mode/computer based examination in English medium and it is accepted by 1100+ B-Schools.
>>>>>>>> Eligibility criteria
CAT eligibility criteria says that:
To be eligible for CAT ,
you need a Bachelor's/graduation degree in any discipline
you must have got at least 50 per cent marks or equivalent CGPA in your graduation . SC/ST/PH students need only at least 45 percentage in Bachelor’s Degree in any discipline to be eligible .
Candidates who are in the final year of their graduation are also eligible for CAT examination.
There is no age restriction to be eligible
It is not mandatory to have work experience to be eligible
For detailed information about eligibility go through
>>>>>>>> CAT examination pattern:-
CAT EXAMINATION PATTERN
Mode of examination
Online i. e Computer-Based Mode
Name of the Section
There are 3 sections :-
----------) VARC i. e Verbal Ability & Reading Comprehension
----------) DILR i. e Data Interpretation & Logical Reasoning
----------) Quantitative Aptitude
Types of questions asked
There are 2 types of questions in CAT
----------) mcqs &
----------) non - mcqs
---------) +3 marks for each correct answer
---------) -1 marks for each wrong answer in case of MCQs ,
---------) No negative marking is there for wrong answers in case of non-mcqs
You can get the complete examination pattern:-
>>>>>>>> How to prepare for CAT
Follow the below tips:-
********* First of all go through its syllabus and examination pattern so that you can prepare accordingly.
Your CAT examination has 3 sections :-
----------) VERBAL ABILITY AND READING COMPREHENSION ( VARC) :- Reading is the key to score good marks in VARC, you need to go through newspapers, articles, journals, etc so that you can improve your reading skills. While reading note down the new words and write their meanings to improve your vocabulary. You need to practice questions based on comprehension, para jumbles and inference.
>>>> Best books for VARC
Word Power made easy by Norman Lewis ( to improve your vocabulary)
How to Prepare for Verbal Ability and Reading Comprehension for the CAT by Arun Sharma and Meenakshi Upadhyay
Mastering the Verbal Ability for CAT by Ajay Singh
----------)DATA INTERPRETATION AND LOGICAL REASONING (DILR) :- You need to practice topics like blood relations ,seating arrangements, syllogisms,Propositions, etc to have a good hold on this section. Unlike maths, there's no formula in DILR so practice is the key, the more you practice, the better you get.
>>>> Best books for DILR :-
How to Prepare for Data Interpretation for CAT by Arun Sharma
Logical Reasoning and Data Interpretation for CAT by K. Sinha Nishit
----------)QUANTITATIVE ABILITY (QA) :- First clear your basics of maths, you need to go through topics like profit and loss, geometry, Arithmetic, number system, Time-Speed and Distance etc . Avoid the use of calculator so that you can do improve your calculation speed. For each topic, you can write down important fomulas and short tricks on a sheet of paper so that it's easy for you during revision.
>>>> Best best books you can follow for QA:-
How to prepare for Quantitative Aptitude for the CAT by Arun Sharma
Quantitative Aptitude for the CAT by Nishit K. Sinha
Quantitative Aptitude Quantum by Sarvesh K Verma
********* Make a time table, give more time to the subject you are weak at , for example if you are weak at Quantitive ability then give it more time.
********* Plan your studies, and set daily, weekly and monthly goals and meet them without any fail.
*********Solve previous year question papers of CAT :-it will let you know the examination pattern, type and difficulty level of questions, also concepts behind the question often gets repeated, so you should definitely solve year papers . You can get cat previous year question papers at https://bschool.careers360.com/articles/cat-question-papers
*********Once you are done with complete CAT syllabus then go through CAT mock test papers , it will let you know your preparation level and and weak areas so that you can work on them and perform well in your examination
For detailed information about how to prepare go through
can you please guide me where I star preparing for cat exam
A proper mindset and dedication is required to crack CAT entrance. You need to make a proper time table, a proper strategy. Understand the pattern of the exam, your capability, your strong and weak area/portion.
There are total 3 section in CAT exam -
- Verbal and reading comprehension (VARC)
- Data interpretation and logical reasoning (DI and LR)
- Quantitative analysis (QA)
Try to read a lot of vocabulary related books such as Word power made easy, or you can read any novels too, This will make your reading comprehension more strong in verbal section.
Read the newspaper everyday, this will make you aware about the current affairs.
Complete the basic concepts of quanta, you can start doing maths problem of 10th grade.
You can join any class for CAT exam, this will help you to make your doubts clear.
Start giving mock tests, as you know practice makes a man perfect. Try to practice a lot this will help in boost your confidence and your flow. Join the test series and stick to your schedule. Focus on smart learning.
Later on, test your accuracy and your preparation. Solve previous year papers, don't lose hope if you aren't scoring well in mock tests. Try to give your best.
Stay motivated and focused.
Hope this helps !
All the best for your bright future
from where most of questions comes in CAT exam
You have to be regular with your studies , be updated about current affairs, for making vocab string you should read newpaper , books.
regularity is the most important thing for crack the CAT.
every year questions are different so it is hard to predict.
i hope this information is helpful for you.
I am currently in my final year in the 5th semester of my college. my 6th and final semester will get over by July. can I give the cat exam then fir MBA admissions
Yes it is possible that student who is pursuing his last year in bachelor's degree can appear for Common Aptitude Test for MBA admission. However the candidate must have completed their bachelor's degree with minimum 50% marks in the aggregate and 45% marks for reserved categories.
For more details click here: