Best MBA Colleges in India; Know the Colleges with Low Fees

An MBA is a highly sought-after postgraduate program in India, offering promising and well-paying career paths. While the cost can often be substantial, it doesn't have to be a barrier to achieving your dreams. Many affordable MBA colleges across India offer quality programs that fit various budgets. Government colleges and public universities, in particular, tend to have significantly lower fees compared to private institutions.

This Studyriserr article highlights some of the leading MBA colleges in India that offer programs with fees generally under INR 7 Lakhs. These institutions are recognized not only for their affordability but also for their strong infrastructure, excellent placement records, and world-class faculty. Continue reading to explore more about these budget-friendly MBA options in India.

What are the Top MBA Colleges with Low Fees in India?

The MBA admission relies on entrance exam scores. Check out the low-fees colleges below:

College Name	Approximate MBA Fee
Faculty of Management Studies (FMS), Delhi University	INR 2 Lakh (approx. 2.29 Lakhs for 2 years)
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai	INR 6-7 Lakhs (for two years) (General category fees are around 4-5 Lakhs for 2 years, but some sources indicate 6.10 Lakhs)
Tata Institute of Social Sciences (TISS), Mumbai	INR 3.5 Lakhs (some programs may be around 1.85 Lakhs to 4 Lakhs)
Department of Management Sciences (PUMBA), Pune University	INR 1.3-1.5 Lakhs (range from 1.2 Lakh to 4.4 Lakh depending on category/state)
Department of Financial Studies (DFS), Delhi University	INR 26,000 (for two years) (some sources indicate 97,000-99,000 for 2 years)
Christ University, Bangalore	INR 6.2-22 Lakhs (Varies significantly by specialization; often around 10.48 Lakhs for 2 years)
Delhi Technical University (DTU), Delhi	INR 2.9 Lakhs (sometimes 4.42-4.66 Lakhs)

Other Well-known MBA Programs Have Affordable Fees in India

Below is a list of some other affordable MBA colleges and their respective courses:

Colleges	Course Name	Approximate Fees (INR)
International School of Management and Research (ISMR)	MBA	3.2 Lakh
SIMSREE, Mumbai	Post Graduate Diploma in Business Management	51,000
CU - Chandigarh University	MBA Tourism and Hospitality Management	4 Lakh - 6.6 Lakh
Indira Institute of Management (IIMP)	MBA	30 K - 7 Lakh
ASM?s Institute of Business Management and Research (IBMR)	MBA	3.2 Lakh - 7 Lakh
Amity University	MBA in Agriculture and Food Business	4.2 Lakh - 25.9 Lakh
Ambedkar University	MBA	2.1 Lakh - 2.5 Lakh
AIMS Institute of Management Studies	MBA	4 Lakh - 5.9 Lakh
DBS - Doon Business School	MBA International Business	5.6 Lakh - 9 Lakh
Gems B School, Bangalore	Corporate MBA	5.4 Lakh - 11 Lakh
Galgotias University (GU)	MBA Healthcare and Hospital Management	90 K - 4.85 Lakh
BK School of Business Management	MBA in Maritime Management	40 K - 1 Lakh
Maharishi Dayanand University (MDU)	Master of Hotel Management and Catering Technology	1.1 K - 5 Lakh

Read More

• India's Best MBA Colleges by Financial Times Rankings 2025
• MBA Institutes of Distance or Correspondence Education in India

Frequently Asked Questions

Can I get a quality MBA experience without a high fee tag? +

Ans: Absolutely. Many of the low-fee government institutions offer a high-quality MBA experience. They often have rigorous academics, strong peer groups, and direct industry connections through their rich alumni networks, providing excellent value for money.

How can I determine the quality and legitimacy of a low-fee MBA college? +

Ans: Always check accreditations (AICTE, UGC), NIRF rankings, faculty profiles, curriculum details, and most importantly, independently verify their placement reports and alumni testimonials. Look for official data rather than just marketing claims.

What factors, beyond fees, should I consider when choosing a low-fee MBA college? +

Ans: Beyond fees, consider the college's overall reputation, faculty expertise, curriculum, specific specializations, alumni network, and, critically, their placement record (average and highest packages). Check their qualifying requirements and accepted entrance examinations.

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