One of the most significant factors that can influence the pursuit of an MBA education is the cost. The cost of MBA institutions significantly influences the selection of candidates.’The high cost of tuition frequently serves as a deterrent to numerous prospective students, as it exceeds their financial capabilities and the loan amount is excessively high. MBA students are fortunate to have access to a plethora of business schools in India that provide exceptional placement opportunities.
Top MBA colleges in India at an affordable price
Candidates are not required to burden themselves financially in order to pursue an MBA. The following are a few of the top MBA colleges in India that offer high-quality education at comparatively low costs, appealing to students who are interested in striking a balance between academic excellence and affordability.
| MBA Programs at a Reduced Cost | Financial obligations |
| Delhi’s Faculty of Management Studies (FMS) | INR 2,32,000 |
| Mumbai’s Jamnalal Bajaj Institute of Management Studies (JIBMS) | INR 6,10,000 |
| The Tata Institute of Management Studies (TISS) in Mumbai | 1,80,000 Indian rupees |
| Mumbai, SIMSREE | In the amount of INR 1,38,000 |
| Delhi Department of Financial Studies (DFS) | INR 2,00,000 |
| Pune, PUMBA | INR 4,40,000 |
| DOMS at IIT Delhi | INR 12,00,000 |
| Kanpur Institute of Technology | INR 3 L – 4 L |
| DOMS at IIT Madras | INR 13,00,000 |
MBA institutions in India that offer affordable tuition fees
The competition for top colleges with lower fees is often significantly higher, as every aspirant is motivated to pursue an MBA at a lower cost. The selection process for these institutes is typically competitive, with higher cut-offs to guarantee that only the most exceptional candidates are chosen. Here are the exams and cutoffs that the most affordable MBA colleges in India accept.
| MBA Programs at Reasonable Prices | Program Fees | Exam Accepted | Cutoff |
| Faculty of Management Studies (FMS), Delhi | INR 2,32,000 | CAT | 99.7+ |
| Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai | INR 6,10,000 | MAHCET, CMAT, and CAT | 99.9+ |
| Tata Institute of Management Studies (TISS), Mumbai | INR 1,80,000 | CAT | 98+ |
| SIMSREE, Mumbai | INR 1,38,000 | MBA CET, CMAT, CAT, MAT, ATMA | 99+ |
| Department of Financial Studies (DFS), Delhi | INR 2,00,000 | CAT | 94+ |
| PUMBA, Pune | INR 4,40,000 | MAH CET, CMAT, CAT, MAT, ATMA | CAT: 75+, CMAT: 95+, MAH CET: 99+ |
| IIT Delhi DMS | INR 12,00,000 | CAT | 98+ |
| IIT Madras DOMS | INR 13,00,000 | CAT | 98+ |
Tuition Fees at IIMs in India, Which Are Reasonable
Generally, the tuition fees at IIM colleges are quite high; however, there are a few new and youthful IIMs that charge a lower fee than their older counterparts. The fee structure of these colleges is illustrated in the following table:
| IIMs that offer a low-cost MBA | MBA Fee Structure |
| IIM Amritsar— | Rs.21 Lakhs |
| Indian Institute of Management Bodhgaya | Rs. 19.52 Lakhs |
| IIM Jammu | Rs.20.73 Lakhs |
| IIM Nagpur | Rs.18.9 Lakhs |
| IIM Raipur | Rs.18.36 Lakhs |
| IIM Rohtak | Rs.18 Lakhs |
| IIM Tiruchirappalli | Rs.21 Lakhs |
| IIM Sirmaur | Rs.17.5 Lakhs |
| IIM Visakhapatnam | Rs.17.92 Lakhs |
MBA institutions in India that provide a favorable return on investment
The ratio of financial gain that a student experiences after completing their MBA to the total cost incurred during the program is known as the return on investment (ROI) for MBA education. When selecting a business school, candidates evaluate ROI as a critical factor. A high return on investment would be suggested by a competitive package that would cover the cost of an MBA. These are the top MBA colleges in India that provide a high return on investment.
| Colleges That Provide MBA Degrees at a Reduced Cost | Fees for the program | Average Placements |
| Faculty of Management Studies (FMS), Delhi | INR 2,32,000 | 34.1 LPA |
| The Jamnalal Bajaj Institute of Management Studies (JIBMS) in Mumbai | INR 6,10,000 | 28.02 LPA |
| Tata Institute of Management Studies (TISS), Mumbai | INR 1,80,000 | 27.22 LPA |
| SIMSREE, Mumbai | INR 1,38,000 | 15.19 LPA |
| Department of Financial Studies (DFS), Delhi | INR 2,00,000 | 17.10 LPA |
| PUMBA, Pune | INR 4,40,000 | 9.40 LPA |
| IIT Delhi DOMS | INR 12,00,000 | 25.50 LPA |
| IIT Madras DOMS | INR 13,00,000 | 20 LPA |
What are the advantages of enrolling in low-cost MBA programs in India?
If students are interested in obtaining a high-quality education without incurring significant debt, they should consider enrolling in a business school with low fees. This is a financially responsible choice. The following are the reasons why selecting an affordable MBA college may be the optimal decision for you:
- Decreased Financial Stress: The necessity to finance MBA education through loans is diminished as a result of the lower cost of an MBA. Additionally, candidates will not be required to exhaust their savings in order to fund their education.
- At a significantly lower cost than IIMs, business schools, such as FMS and JBIMS, offer exceptional placement opportunities and high-quality education.
- Higher Return on Investment (ROI): Students can quickly recoup their costs at affordable B-schools, as they have access to competitive placement packages and lower educational expenses.
In summary, the MBA colleges in India that are the most affordable are as follows:
Enrolling in an MBA program at a reduced cost allows students to achieve a balance between the cost of an MBA and their placement. Affordable MBA colleges can offer a high-quality MBA education to candidates without imposing a financial burden. These institutions help students establish successful careers while simultaneously managing expenses.