List of MBA Colleges in India with Low Fees

Published on 5th March 2025, 4:35 PM 

MBA is a popular postgraduate degree in India that can lead to excellent career prospects. However, getting an MBA can be pricey. If you want to pursue an MBA, it doesn't have to be prohibitively expensive. Many renowned universities in India provide MBA degrees at more inexpensive prices. Government colleges and universities typically charge substantially less than private ones. 

In this article, we've compiled a list of some of the best MBA colleges in India that charge less than INR 7 Lakhs. These colleges have reasonable fees and provide excellent facilities, strong job placement records, and high-quality teaching. Read on to discover more about these affordable MBA colleges in India. 

MBA 2025 Colleges in India with Low Fees

For anyone looking to pursue an MBA, creating a list of potential colleges is important. Consider your specialization interests, budget, and the reputation of the colleges you’re interested in. This way, you can make a well-informed decision about your future education. 

*The fee data mentioned against each institute is based on the latest figures on their websites. They may change in the upcoming academic session.

Top MBA Colleges in India With Low Fees

If you want to pursue an MBA in India without breaking your bank account, you're in luck! Here's a rundown of some top-notch management colleges that offer quality education at low fees.

Faculty of Management Studies (FMS), Delhi University

FMS is recognized as one of the best management colleges in India. Their MBA programs are affordable, starting at just INR 2 lakhs for two years. To get in, students take the CAT exam and then go through personal interviews. FMS has an excellent track record for job placements, with graduates earning an average salary of INR 34.1 LPA, making it one of the top colleges for job prospects in the country. Some students even land salaries as high as INR 58 LPA. This college is popular with big companies like Deloitte, OLA, PwC, Google, and Amazon, which helps its graduates stand out in the job market. 

Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai

JBIMS was established in 1965 and is associated with the University of Mumbai. It provides both full-time and part-time MMS programs, with two-year costs starting at INR 9 lakhs. The CAT, MAH CET, MAT, and ATMA are among the entry exams whose results are accepted by the institute. The average compensation package for JBIMS graduates is INR 26.12 LPA, with the highest possible compensation of INR 48 LPA. Companies such as McKinsey, Accenture, and Amazon frequently hire from the institute's campus, demonstrating the strength of its alumni network in high-level corporate roles.

Tata Institute of Management Studies (TISS), Mumbai

TISS offers its MBA programs at very reasonable fees, between INR 45.4 K and INR 1.2 Lakhs. Earlier, aspirants had to take a university-level exam, known as TISSNET, to get into this particular B-school. However, from 2024 onwards, admissions to TISS will take place through CAT, thus, all the aspirants must register for the same and start preparing from today itself to secure a spot at Tata Institute of Management Studies (TISS), Mumbai. The average salary for graduates is around INR 27.22 LPA, with placements from companies like Accenture, Infosys Consulting, and TCS.

Indian Institute of Technology Delhi 

While primarily known for its engineering programs, IIT Delhi also offers a distinguished MBA that combines technical skills with business acumen. The fees for the MBA program are competitive, around INR 8 Lakhs for two years, and graduates enjoy impressive placement statistics. The average salary package for MBA graduates is around INR 22 LPA, with top companies like Google, Microsoft, and JP Morgan Chase frequently recruiting from the campus.

Department of Business Economics, Delhi University

The specialist MBA program offered by this department combines economic theory with real-world business management. The average pay package for graduates of the two-year MBA program is approximately INR 12 LPA, and the program costs roughly INR 1.5 Lakhs. The program is renowned for its demanding curriculum, which gives students the tools they need to succeed in consulting and business analysis positions. 

Delhi School of Economics, Delhi University

The Delhi School of Economics is known for its academic excellence, particularly in economics and business studies. The MBA program is highly sought after, with fees of around INR 20,000 for two years. Graduates from this program achieve an average salary package of INR 18 LPA, with many securing positions in top firms like McKinsey, Goldman Sachs, and HDFC Bank.

Sydenham Institute of Management Studies

Sydenham Institute, one of Mumbai’s oldest management colleges, offers quality MBA programs at fees ranging from INR 6 Lakhs to INR 7 Lakhs for two years. The average salary for graduates is approximately INR 10 LPA, with companies like SBI, ICICI Bank, and Axis Bank actively recruiting from the campus, ensuring students have ample job opportunities.

University Business School 

Part of Panjab University, University Business School provides a robust MBA program with affordable tuition fees between INR 1.25 Lakhs to INR 1.5 Lakhs for two years. Graduates can expect an average salary package of around INR 8 LPA, with recruitment from a range of industries, including finance, marketing, and consulting.

These colleges not only provide excellent educational opportunities but also pave the way for successful careers, all while keeping fees manageable. They represent some of the best options for aspiring MBA students in India.

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