When it comes to pursuing an MBA, one of the biggest concerns students have is the high cost of education. Many top B-schools in India charge fees that go beyond ₹20–25 lakhs, which is simply unaffordable for most middle-class students. But the good news is that there are several low fees MBA in India programs available that provide quality education, UGC-approved degrees, and excellent placement opportunities at a fraction of the cost.
In this blog, we will explore the best low-cost MBA colleges in India, their fees, admission process, eligibility, placements, and career opportunities. Whether you’re a fresh graduate or a working professional, this guide will help you make an informed decision.
Low Fees MBA Colleges in India
Some of the most affordable MBA colleges in India include:
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Faculty of Management Studies (FMS), Delhi University – Fees around ₹2 lakhs.
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Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai – Fees around ₹6 lakhs.
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Tata Institute of Social Sciences (TISS), Mumbai – MBA equivalent programs at ₹2–3 lakhs.
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Delhi School of Economics (DSE) – Affordable MBA in International Business.
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IGNOU MBA – The cheapest option with fees under ₹40,000.
Government MBA Colleges with Low Fees
Government universities and institutes offer world-class MBAs at very low costs:
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FMS Delhi – Known as the “CEO factory of India.”
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University Business School (UBS), Chandigarh – Fees less than ₹2 lakhs.
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Department of Management Studies (DMS), IIT Delhi – Affordable MBA with global recognition.
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Delhi School of Economics (DSE) – MBA fees around ₹30,000–₹50,000 per year.
These are ideal for students seeking low-cost MBAs with strong ROI (Return on Investment).
UGC Approved Low Fees MBA in India
UGC approval is crucial for validity. Some UGC-approved low fees MBA options are:
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IGNOU MBA (₹37,800)
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Jain University Online MBA (~₹1.5 lakh)
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Chandigarh University Online MBA (~₹1.8 lakh)
These are recognized by government jobs, international employers, and higher studies abroad.
Distance MBA with Low Fees in India
If you prefer flexibility, a distance MBA with low fees is a great choice:
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IGNOU MBA (under ₹40,000)
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Symbiosis Centre for Distance Learning (SCDL) – Affordable fee structure.
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ICFAI University MBA – Value-for-money option.
Distance MBAs are best for students who cannot attend regular classes but want a recognized degree.
Online MBA with Low Fees in India
The online MBA trend is booming. Some affordable online MBA programs are:
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Chandigarh University Online MBA (~₹1.8 lakh)
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Amity University Online MBA (~₹2 lakh)
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Manipal University Online MBA (~₹2.5 lakh)
Online MBAs provide live classes, recorded lectures, and placement support at affordable costs.
Best Private MBA Colleges with Low Fees
Private institutes offering budget-friendly MBAs include:
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Jain University Bangalore (Online/Regular)
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Lovely Professional University (LPU) Online MBA
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Chandigarh University Online MBA
These are ideal for students who want quality education without spending ₹20+ lakhs.
Low Fees MBA for Working Professionals
For working professionals, low fees executive MBAs and online MBAs are perfect:
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IGNOU Executive MBA
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NMIMS Online Executive MBA
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Amity Online Executive MBA
They provide flexible schedules, EMI payment options, and career growth opportunities.
Low Fees MBA Admission Process in India
The general admission process includes:
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Entrance exam (CAT, MAT, XAT, CMAT, or university exams).
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Application to chosen universities.
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Group discussion or interview.
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Admission confirmation & fee payment.
Some distance and online MBA programs may not require entrance exams.
Low Fees MBA Eligibility Criteria in India
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Bachelor’s degree in any discipline.
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Minimum 50% marks (45% for reserved categories).
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Work experience (preferred for executive MBAs).
Low Fees MBA Fees Structure 2025
Here’s an idea of MBA fees in India (2025):
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Government colleges: ₹30,000 – ₹2 lakh.
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Distance MBAs: ₹40,000 – ₹1.5 lakh.
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Online MBAs: ₹1.5 – ₹2.5 lakh.
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Private universities: ₹2 – ₹6 lakh.
Low Fees MBA with Placement Support
Many low-cost MBA programs provide placements:
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FMS Delhi – Average package ₹25+ LPA.
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JBIMS Mumbai – Average package ₹20 LPA.
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TISS Mumbai – Strong corporate tie-ups.
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Amity & Chandigarh University Online MBAs – Placement support for mid-level roles.
Low Fees MBA in Finance Specialization
Affordable finance MBAs cover:
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Corporate finance
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Banking and investment
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Risk management
Best options: IGNOU MBA, Jain Online MBA, FMS Delhi.
Low Fees MBA in Marketing Specialization
Marketing MBAs focus on:
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Consumer behavior
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Digital marketing
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Brand building
Best low-cost colleges: Chandigarh University, IGNOU, Amity Online.
Low Fees MBA in Human Resource Management
HR-focused MBAs teach:
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Talent acquisition
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Labor laws
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Employee engagement
Affordable options: IGNOU MBA HRM, Jain Online MBA HR, Symbiosis Centre for Distance Learning.
Scholarships and EMI Options for Low Fees MBA
To make MBAs even more affordable:
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Government scholarships (SC/ST/OBC/EWS)
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Merit scholarships offered by universities
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Corporate sponsorships for employees
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No-cost EMI plans for working professionals
Career Opportunities After Low Fees MBA in India
Even with a low-cost MBA, career growth is possible. Graduates can join:
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Consulting firms (Deloitte, PwC, EY, KPMG)
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Banking & Finance (HDFC, ICICI, SBI, Axis)
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IT & Startups (Infosys, Wipro, Flipkart, Zomato)
Average salaries: ₹6–20 LPA depending on college and specialization.
Case Studies / Real-World Examples
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A FMS Delhi graduate paid just ₹2 lakhs for an MBA and secured a ₹25 LPA package.
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An IGNOU MBA student got placed in a PSU at mid-management level.
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A Chandigarh University Online MBA graduate switched from a BPO job to corporate HR.
FAQs
Q1. Which is the cheapest MBA in India?
IGNOU MBA – under ₹40,000.
Q2. Are low fees MBAs worth it?
Yes, if the college is UGC-approved and has placement support.
Q3. Which government colleges offer affordable MBAs?
FMS Delhi, JBIMS Mumbai, DSE, UBS Chandigarh.
Q4. Can I get a job abroad with a low-cost MBA?
Yes, if the degree is UGC-approved and globally recognized.
Q5. Which specialization is best in low-cost MBAs?
Finance, Marketing, Business Analytics, and HR are most popular.
Conclusion
A low fees MBA in India is not just a dream – it’s a reality in 2025. With options like IGNOU, FMS Delhi, JBIMS, Chandigarh University, and Amity Online, you can pursue an MBA without spending a fortune.
Always check for UGC approval, placement records, and ROI before applying. With the right choice, even a budget-friendly MBA can lead to a high-paying career.