Best MBA Colleges in India; Know the Colleges with Good Placements

An MBA is a highly sought-after postgraduate program in India, offering promising and well-paying career paths. While the cost of an MBA 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.

Good Placements Top Low fees MBA Colleges in India

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

Faculty of Management Studies (FMS), Delhi University

• Entrance Exam Accepted: CAT, followed by PI.
• Average Placement Salary: INR 34.1 LPA

Faculty of Management Studies (FMS), Delhi University's features are given below:

Feature	Description
Exceptional ROI	Known for outstanding Return on Investment (ROI) due to its combination of low fees and high placement packages.
Top Recruiters	Attracts leading companies such as Deloitte, OLA, PwC, L'Oreal, Info Edge, Adobe, Google, and Amazon for placements.

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

• Entrance Exams Accepted: CAT/MAH CET/MAT/ATMA.
• Average Placement Salary: INR 26.40 LPA

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai's features are given below:

Feature	Description
National Ranking	Consistently ranks among the top 10 B-schools across India.
Alumni Network	Features a vast and influential alumni network, including numerous successful CEOs.
Leading Recruiters	Attracts top companies like McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, and Amazon for placements.

Tata Institute of Social Sciences (TISS), Mumbai

• Entrance Exam Accepted: CUET PG (Central University Entrance Test-PG). Previously TISSNET.
• Average Placement Salary: INR 25.28 LPA

Tata Institute of Social Sciences (TISS), Mumbai features could be seen in table:

Feature	Description
Value Proposition	Delivers quality MBA education at a highly affordable fee.
Prominent Recruiters	Attracts leading companies such as Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, and Wipro for placements.

Department of Management Sciences (PUMBA), Pune University

• Entrance Exams Accepted: CAT/XAT/MAT/CET/ATMA/MAH CET.
• Average Placement Salary: INR 11.23 LPA

The features of Department of Management Sciences (PUMBA), Pune University are given below:

Feature	Description
Affiliation	Directly affiliated with Pune University.
Placements	Attracts renowned hiring companies like SBI Life, ONGC, Bee Management, E-serve, Axis Bank, and Thermax.

Department of Financial Studies (DFS), Delhi University

• Entrance Exam Accepted:
• Average Placement Salary: INR 15.5 LPA

The features of Department of Financial Studies (DFS), Delhi University are given below:

Feature	Description
Exceptional ROI	Highly regarded for providing an excellent Return on Investment (ROI) due to its extremely low fees.
High Placements	Recorded the highest package of INR 32 LPA in 2023 (Note: Previous data might indicate 17.5 LPA, but latest reports show higher).
Top Recruiters	Attracts prominent recruiters including DE Shaw, HDFC Bank, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, and even the Ministry of Finance.

Christ University, Bangalore

• Entrance Exams Accepted: CAT/MAT/XAT/CMAT/ATMA.
• Highest Placement Salary: Approximately INR 15 LPA

The features of Christ University, Bangalore are given below:

Feature	Description
Specializations	Offers a wide range of MBA specializations, including popular fields like Business Analytics and Marketing.
Institution Status	A well-established deemed university, founded in 1969.
Leading Recruiters	Attracts top companies for placements such as AB InBev, ZS Associates, DE Shaw & Co., Bain Capability Network, Exxon Mobil, Accenture, Aditya Birla Group, Infosys, Hyundai, IBM, ICICI, KPMG, Deloitte, and Dabur.

Delhi Technical University (DTU), Delhi

• Entrance Exam Accepted:
• Average Placement Salary: INR 15.45 LPA

The features of Delhi Technical University (DTU), Delhi are given below:

Feature	Description
Program Type	Provides a comprehensive two-year full-time MBA program.
Legacy & Faculty	A long-standing 75-year-old university, featuring highly regarded MBA faculty.
Top Recruiters	Attracts leading global companies like Google, Uber, Amazon, Facebook, and Bloomberg for placements.

Read More

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

Frequently Asked Questions

Which entry exams are approved by these low-fee, high-placement MBA programs? +

Ans: The majority of the top low-fee MBA colleges primarily accept CAT scores. Some also accept other national-level exams like XAT, CMAT, MAT, ATMA, or state-level exams like MAH CET (for Maharashtra colleges like JBIMS and SIMSREE).

What kind of average placement packages can one expect from these colleges? +

Ans: While fees are low, the average placement packages from these institutions are often quite competitive, ranging from INR10-15 LPA to INR 25-35 LPA, with FMS Delhi being a standout with averages often exceeding INR 30 LPA.

What are low fee MBA programs with good placemats eligibility criteria for admission? +

Ans: A Bachelor's degree from a recognized university with a minimum aggregate of 50% (45% for reserved categories) is required. Specific colleges may have additional criteria.

How much work experience is needed for admission into low-fee MBA programs with good placements? +

Ans: No, prior work experience is not mandatory for most full-time MBA programs, though it can be a beneficial factor in the selection process. Some executive MBA programs are specifically designed for working professionals.

MBA colleges accept which exams’ score for their admission? +

Ans: After passing the admission exam, candidates are often called to a Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI). The final selection procedure takes into account academic performance as well as work experience (if any).

Are scholarships available at low-fee MBA colleges? +

Ans: While the fees are already low, some government colleges might have limited scholarship schemes, often based on merit or specific categories (SC/ST/OBC). 

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

Ans: Consider the college's overall reputation, faculty expertise, curriculum, specific specializations offered, alumni network, and, most importantly, its placement record and ROI. 

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