Best Colleges for MBA in India with Low Fees and Good Placements

If an MBA is your dream, then it doesn't have to be expensive. We have listed below a few of the best MBA colleges in India with low fees. Read the article below to know which are the top MBA colleges in India with low fees:

Best MBA colleges with low fees: MBA is one of the most popular and sought-after postgraduate programmes in India, which offers lucrative and high-paying career options. But an MBA can be a costly affair. However, if an MBA is your dream, then it doesn’t necessarily have to be expensive. There are a lot of affordable MBA colleges in India which offer MBA programmes at fees that suit your budget, such as the Faculty of Management Studies, JBIMS, etc. MBA programmes offered by government colleges and universities are much cheaper than those offered by private institutions.

In this article, we have listed some of the best colleges for MBA in India with low fees that will suit your budget. These colleges have fees under INR 7 Lakhs and offer the best infrastructure, excellent placement records and world-class faculty. Read the article below to know more about the low fees MBA colleges in India. 

2. Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai

JBIMS was founded in 1965 and is affiliated with the University of Mumbai. It is a public institute that offers full-time and part-time MMS programmes. JBIMS also offers a variety of other programmes but MBA is one of the most popular courses of JBIMS. The current fee structure is INR 6.10 lakh for two years of its MBA programme. The college accepts scores of CAT/MAH CET/MAT/ATMA. The institute ranks among the top 10 B-schools in India and has a large alumni base who are working as CEOs, and along with this, JBIMS has a place in the cheapest MBA colleges in India. The average salary package is INR 26.12 LPA. Companies for placements in JBIMS include McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, etc.

3. Tata Institute of Management Studies (TISS), Mumbai

TISS, Mumbai, is another management institution that offers quality MBA education at an affordable MBA fee. Admissions into TISS were earlier offered based on the TISSNET score, but now admissions to TISS are being done through the Central University Entrance Test-PG or CUET PG. The fee of an MBA course at TISS is INR 1.4 Lakh and the average salary from the placements was INR 28.2 LPA in 2024. TISS is another MBA college with low fees and good placements. Companies such as Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, Wipro, etc. offer placements to the MBA graduates of TISS.

4. Department of Management Sciences, Pune

Pune University Department of Management Sciences (PUMBA) is affiliated with Pune University and has course fees of INR 2.5 Lakh for two years. The college accepts scores of exams like CAT/XAT/MAT/CET/ATMA/MAH CET for admission to various MBA courses and offers placements with an average salary of INR 8.10 LPA. Axis Bank, E-serve, Bee Management, ONGC, Thermax, SBI Life, etc. are a few companies which offer placements to the students studying in this college.

5. Department of Financial Studies, Delhi University

This institute provides admissions based on the CAT exam score which IIMs conduct. The total cost of pursuing an MBA at this institution is INR 97,000 to INR 99,000 for two years. Department of Financial Studies is known for providing the best ROI. The average salary package offered here is INR 15.5 LPA and the highest package is INR 17.5 LPA in the year 2023.
Companies such as DE Shaw, HDFC Bank, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, Ministry of Finance etc. are some of the top recruiters for MBA graduates.