The price of pursuing an MBA degree is among the most important variables that can affect this decision. The selection of candidates is greatly influenced by the cost of MBA programs’ Many prospective students are often discouraged by the high tuition costs because they are beyond their means and the loan amount is too high. The abundance of business schools in India that offer outstanding placement opportunities is a blessing for MBA students.
India’s top MBA schools at reasonable costs
It is not necessary for candidates to incur significant financial burdens in order to pursue an MBA. These are some of the best MBA schools in India that provide excellent instruction at reasonable prices, making them desirable to students who want to balance affordability and academic achievement.
| MBA Programs at a Reduced Cost | Financial obligations |
| Delhi’s Faculty of Management Studies (FMS) | INR 232,000 |
| Mumbai’s Jamnalal Bajaj Institute of Management Studies (JIBMS) | INR 610,000 |
| The Tata Institute of Management Studies (TISS) in Mumbai | 180,000 Indian rupees |
| Mumbai, SIMSREE | In the amount of INR 138,000 |
| Delhi Department of Financial Studies (DFS) | INR 200,000 |
| Pune, PUMBA | INR 440,000 |
| 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 |
Indian MBA schools with reasonably priced tuition
Since every applicant is driven to pursue an MBA at a lower cost, competition for prestigious universities with lower tuition is frequently much fiercer. To ensure that only the best applicants are selected, these institutes usually have a competitive selection process with higher cutoffs. The most economical MBA schools in India accept the following tests and cutoffs.
| MBA Programs at Reasonable Prices | Program Fees | Exam Accepted | Cutoff |
| Faculty of Management Studies (FMS), Delhi | INR 232,000 | CAT | 99.7+ |
| Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai | INR 610,000 | MAHCET, CMAT, and CAT | 99.9+ |
| Tata Institute of Management Studies (TISS), Mumbai | INR 180,000 | CAT | 98+ |
| SIMSREE, Mumbai | INR 138,000 | MBA CET, CMAT, CAT, MAT, ATMA | 99+ |
| Department of Financial Studies (DFS), Delhi | INR 200,000 | CAT | 94+ |
| PUMBA, Pune | INR 440,000 | 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+ |
Reasonably priced tuition at India’s IIMs
IIM colleges typically have fairly high tuition costs, though some more recent and younger IIMs have lower tuition than their more established counterparts. The following table provides an illustration of these colleges’ fee structures:
| 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 |
Indian MBA programs that offer a good return on investment
The return on investment (ROI) for MBA education is the ratio of the financial gain a student receives upon completion of their program to the total cost incurred during the program. ROI is a crucial consideration for candidates when choosing a business school. A competitive package that would cover the cost of an MBA would suggest a high return on investment. In terms of return on investment, these are the best MBA schools in India.
| Colleges That Provide MBA Degrees at a Reduced Cost | Fees for the program | Average Placements |
| Faculty of Management Studies (FMS), Delhi | INR 232,000 | 34.1 LPA |
| The Jamnalal Bajaj Institute of Management Studies (JIBMS) in Mumbai | INR 610,000 | 28.02 LPA |
| Tata Institute of Management Studies (TISS), Mumbai | INR 180,000 | 27.22 LPA |
| SIMSREE, Mumbai | INR 138,000 | 15.19 LPA |
| Department of Financial Studies (DFS), Delhi | INR 200,000 | 17.10 LPA |
| PUMBA, Pune | INR 440,000 | 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 benefits of signing up for inexpensive MBA programs in India?
Students should think about enrolling in a business school with affordable tuition if they want to receive a top-notch education without taking on a lot of debt. This is a wise financial decision. Choosing an inexpensive MBA program could be the best course of action for you for the reasons listed below:
- Reduced Financial Stress: Because an MBA is less expensive, there is less need to take out loans to pay for the program. Furthermore, candidates won’t have to spend all of their savings to pay for their education.
- Business schools like FMS and JBIMS provide excellent placement opportunities and top-notch education at a substantially lower cost than IIMs.
- Greater Return on Investment (ROI): Because they have access to competitive placement packages and reduced educational costs, students at affordable B-schools can quickly recover their costs.
In conclusion, the following are the most reasonably priced MBA programs in India:
Students are able to balance the cost of an MBA program with their placement by enrolling in a discounted program. Candidates can receive a top-notch MBA education from reasonably priced MBA schools without having to worry about breaking the bank. These schools assist students in managing their finances and launching prosperous careers.