Top 10 Best MBA Colleges in India with Low Fees

MBA or Master's of Business Administration is one of India's most sought-after degrees. It is the popular choice of students looking for a business degree after graduation. The reason behind this popularity is simple: the ROI of this 2-year PG degree is extremely high, requiring only a few years of study to see career growth.

However, many students dreaming of an MBA degree often give up due to the skyrocketing fees charged by top management institutes. The good news is that India has several low-fee MBA colleges that offer quality education at affordable prices. If you score well in entrance exams like CAT, CMAT, GMAT, or other institute-level tests, you can still attend some of the best MBA colleges with low fees.

To help you, we’ve compiled the top 10 MBA colleges in India with low fees, known for excellent teaching, strong placements, and high ROI.

Top 10 MBA Colleges in India with Low Fees 

An MBA degree in India usually comes with a heavy price tag, but not if you study at these low-fee MBA colleges in India. With good preparation and high entrance exam scores, you can secure admission to some of the country’s best institutions.

1. Faculty of Management Studies (FMS), University of Delhi

Delhi University (DU) is a renowned institution known for its world-class faculty and quality education.

• Average MBA Fee: ~₹2 lakhs
  
  

Why Choose FMS? Excellent ROI, outstanding placement record, and one of the best low fee MBA colleges in India.

2. Jamia Millia Islamia (JMI), Delhi

JMI offers quality education at highly economical prices. It is one of the most affordable MBA colleges in India.

• Average MBA Fee: ~₹50,000
  
  

Highlights: Multiple scholarship options, strong academic foundation, and experienced faculty.

3. Department of Management Sciences, Savitribai Phule Pune University

This Pune University college offers one of the best MBA programs with low fees.

• MBA Fee: ₹1.32 lakhs
  

Highlights: Excellent campus environment, strong placements, and experienced faculty.

4. Delhi Technological University (DTU), Delhi

A historic and prestigious DU institute offering value-driven MBA education.

• MBA Fee: ₹3–4 lakhs
  

Highlights: 75-year legacy, strong academic reputation, and good placement support.

5. Tata Institute of Social Sciences (TISS)

TISS offers management programs with a social impact focus at a modest cost.

• MBA Fee: ₹1.2 lakhs
  

Highlights: One of India’s top institutes with impressive placement opportunities.

6. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Often called the “CEO Factory,” JBIMS is a dream institution for many MBA aspirants.

• MBA Fee: ₹2–7 lakhs
  

Highlights: Premium placements at a lower cost compared to private B-schools.

7. Institute of Management Studies, Banaras Hindu University (BHU)

BHU offers various courses, but its MBA program is particularly popular.

• MBA Fee: Around ₹1 lakh
  

Highlights: Good academic environment, legacy institution, and strong value for money.

8. Sydenham Institute of Management Studies, Mumbai University

One of the oldest management institutes in Mumbai.

• MBA Fee: Around ₹2 lakhs
  

Highlights: Affordable tuition, strong alumni network, and high-quality management education.

9. Delhi School of Economics (DSE), Delhi

An unmatched institute with exceptional education quality.

• MBA Fee: ₹30,000
  

Highlights: One of the lowest MBA fee structures in India with high ROI.

10. Christ University, Bangalore

Christ University offers an MBA program that requires a solid entrance exam score.

• MBA Fee: ~₹6.5 lakhs
  

Highlights: Modern infrastructure, reputed faculty, and strong placement record.

Other Top MBA Colleges in India With Low Fees

Here are additional best MBA colleges with low fees you can explore:

• Chandigarh University
  
  

• Ambedkar University
  
  

• Indira Gandhi Institute of Management
  
  

• AIMS Institute of Management Studies, Pune
  
  

• Maharaja Sayajirao University of Baroda (MSU Baroda)

IIMs With Low Fee MBA Programs

While IIMs are known for higher fees, some newer IIMs offer comparatively affordable MBA courses:

• IIM Jammu: ₹14,82,000
  
  

• IIM Bodh Gaya: ₹12,95,000
  
  

• IIM Nagpur: ₹13,75,000
  
  

• IIM Rohtak: ₹16,65,000
  
  

• IIM Amritsar: ₹13,20,000
  
  

• IIM Sambalpur: ₹13,03,000
  
  

• IIM Udaipur: ₹18,65,000

These IIMs provide high-quality management education with strong industry connections.

What Are the Fees for MBA in India?

MBA fees in India vary widely depending on the college.

• Government colleges: Significantly lower fees (₹30,000–₹2 lakhs).
  
  

• Private colleges: Higher fee structures (₹6–25 lakhs).
  
  

IIMs: Range from ₹12 to ₹25 lakhs depending on the institute.

How Can I Fund My MBA?

Many top colleges in the list offer scholarship programs for meritorious or financially weak students.

These scholarships can significantly reduce the financial burden and help you complete your MBA without large loans. You can also explore:

• Education loans
  
  

• Government scholarships
  
  

• Need-based scholarships
  
  

• Corporate scholarships

Conclusion

MBA remains one of the most sought-after degrees in India due to its strong return on investment. With the right knowledge about low-fee MBA colleges in India, you can secure a seat in a top institution without financial stress. You can also explore MBA colleges with low fees without CAT for alternative admission options.

If you need personalised guidance, you can always reach out to education experts at Sunstone.

Sunstone is a leading higher education services provider that works with academic institutions to improve student employability. With a career-oriented curriculum, hybrid learning, soft skills training, and strong industry partnerships, Sunstone ensures a holistic educational journey for every student.

FAQ’s

1. Which are the best MBA colleges with low fees in India?

Some of the top options include FMS Delhi, JMI, Pune University, DTU, TISS, JBIMS, BHU, and DSE, known for quality education and affordable fee structures.

2. Can I get admission to low-fee MBA colleges without CAT?

Yes. Many universities accept CMAT, MAT, XAT, or institute-level entrance exams. Some also offer direct admission based on merit.

3. What is the average fee of an MBA course in India?

MBA fees vary from ₹30,000 in government colleges like DSE to ₹25 lakhs in some private institutes. Most low-fee MBA colleges charge between ₹50,000–₹4 lakhs.

4. Are placements good in low-fee MBA colleges?

Yes. Colleges like FMS, JBIMS, BHU, and TISS offer excellent placement opportunities with top recruiters, often matching or surpassing private B-schools.

5. How can I fund my MBA degree in India?

You can use merit-based scholarships, government schemes, education loans, and need-based financial support offered by universities to cover your MBA fees.