MBA Fees in India: Check course fees of top MBA colleges

MBA Fees in India: Check course fees of top MBA colleges

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Vipra
Vipra Shrivastava
Senior Manager - Content
Updated on Jul 8, 2024 17:35 IST

MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another.

MBA fees in India

MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh. While the MBA fee at programmes offered by universities and government colleges are low, the fee is private institutes is high. Since, MBA is an expensive degree, the minimum fee of a full-time MBA degree is over INR 1 lakh. However, the MBA fee in India for part-time and distance education mode are within INR 1 lakh, infact, as low as INR 20,000. 

MBA college fee in India depends on several factors like infrastructure, hostel facility, extra-curricular activities and pedagogy. For example, if an MBA institute offers international immersion programme wherein the candidates have to visit a foreign university for a semester or a certain duration, the course fee of that institute will be high. On the other hand, if the MBA institute is funded by the government, the fees will be low.

Yes, one of the major reasons behind low MBA fees of government colleges and universities is financial aid given by the state or the central government to run their academic programmes.

MBA aspirants who plan to pursue an MBA course in the upcoming academic session, must start searching for the most suitable MBA college for themselves now. In this search, MBA fees will be a major determining factor.

While talking about MBA colleges in India, it is impossible to not talk about the Indian Institute of Management (IIM), the premier MBA institutes of India. There are 20 IIM campuses in India and MBA fees at IIMs range from INR 14 lakh to INR 27 lakh. While the fees of PGP programme at IIM Udaipur is INR 14 lakh; the fees of MBA programme at IIM Calcutta is INR 27 lakh.

Also Read: Institute wise IIM fees for MBA

In this article, we have listed down a number of popular MBA colleges in India and their fees. We have clubbed the MBA colleges and their fees in the following range:

  • Fees of top MBA colleges in India other than IIMs
  • MBA fees under INR 10 lakh
  • MBA fees under INR 5 lakh
  • MBA fees under INR 1 lakh

Also Read: Top PGDM Colleges in India: NIRF Ranks, Placements, Fees, Courses

MBA fees of top B-Schools other than IIMs

Some of the top B-Schools apart from the IIMs are FMS Delhi, XLRI-Jamshedpur, MDI-Gurgaon, SPJIMR-Mumbai and IIFT-Delhi. These institutes offer the best of infrastructure, faculty, pedagogy, international exposure and placements. MBA fees of these B-schools range from INR 11 to INR 30 lakh. The only exception here is FMS-Delhi whose fee is INR 1.92 lakh. Take a look MBA fees of some of the top B-schools in India other than IIMs.

B-School

Course Name

**Fees 

FMS-Delhi

MBA

INR 1.92 lakh

XLRI Jamshedpur-Xavier School of Management

PGDM

INR 23.15 lakh

MDI-Gurgaon

PGPM

INR 24 to 28 lakh

SPJIMR-Mumbai

PGDM

INR 23.50 lakh

IIFT-New Delhi

MBA International Business

INR 21.77 lakh

ISB-Hyderabad

PGPM

INR 38 to 41 lakh

Symbiosis Institute Of Business Management-Pune

MBA

INR 24.59 lakh

Jamnalal Bajaj Institute of Management Studies-Mumbai

MMS

INR 6.00 lakh

IMI-Delhi

PGDM

INR 18.20 lakh

NMIMS Mumbai-School of Business Management

MBA

INR 11.90 to 24.00 lakh

IMT-Ghaziabad

PGDM

INR 19.50 lakh

Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai

PGDM

INR 94,000 to 14.00 lakh

BIMTECH-Greater Noida

PGDM

INR 14.00 lakh

K. J. Somaiya Institute of Management Studies And Research-Mumbai

PGDM  International Business

INR 19.94 lakh

IRMA-Anand

PGDRM

INR 12.60 lakh

Xavier Institute of Management, XIMB-Bubaneshwar

MBA

INR 21.50 lakh

TAPMI-Manipal

PGDM

INR 16.50 lakh

Great Lakes Institute of Management-Chennai

PGPM

INR 19.95 lakh

Symbiosis Institute of Business Management-Bangalore

MBA

INR 18.00 lakh

Entrepreneurship Development Institute of India - Ahmedabad

PGDM Business Entrepreneurship

INRs 12.56 lakh

IIT Madras - Department of Management Studies

MBA

INR 15.00 lakh

**Fees mentioned above may change in the upcoming academic year. However, the candidates can avail scholarships and financial assistance offered by these institutes in getting a study loan from banks.

MBA fees less than INR 10 lakh

Most of the MBA colleges in this fee-range are the departments of management studies of IITs. The MBA programmes offered by these institutes are not only economical as compared to private B-Schools but are also highly ranked in the annual ranking by MHRD-NIRF and offer excellent placement opportunities. Take a look at colleges with MBA fees less than INR 10 lakh:

*B-School

Course Name

**Fees

IIT Delhi - Department of Management Studies

MBA Telecommunication Systems Management

INR 8.080 lakh

IIT Bombay - Shailesh J. Mehta School of Management

MBA

INR 8.32 lakh

NITIE-Mumbai

PGD Industrial Safety and Environmental Management

INR 8.50 lakh

IIT Kharagpur-Vinod Gupta School of Management

MBA

INR 9.30 lakh

BITS-Pilani

MBA

INR 9.26 Lakh

IIT Roorkee

MBA

INR 6.23 lakh

IIT Delhi - Department of Management Studies

MBA 

INR 8.80 lakh

Admission process of the abovementioned institutes is same as other MBA colleges, i.e. selection through entrance exams such as CAT, XAT, GMAT, Group Discussion and Personal Interview.

MBA fees less than INR 5 lakh

MBA colleges in this fee range include popular institutes like Symbiosis International University (Deemed), Prin. L N Welingkar, Christ University, Chandigarh University and Amity University. These universities offer a number of MBA programmes for fees which will not burn a whole in your pocket. Take a look at colleges with MBA fees less than INR 5 lakh:

*B-school

MBA/PGP Course Name

**Fees

Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai

PGP Media and Entertainment Management

 

INR 3.00 lakh

Christ University, Bangalore

MBA Leadership and Management

INR 3.80 lakh

International School of Management and Research-ISMR

MBA

INR 3.20 lakh

CU - Chandigarh University

MBA Tourism and Hospitality Management

INR 4.00 lakh

Indira Institute of Management - IIMP

MBA

INRs 4.00 lakh

ASM’s Institute of Business Management and Research-IBMR

MBA

INR 3.20 lakh

Pune Institute of Business Management

PGDM

INR 4.05 lakh

Amity University

MBA Agriculture and Food Business

INR 4.47 lakh

AIMS Institute of Management Studies

MBA

INR 3.69 lakh

MIT Pune-MIT World Peace University

MBA

INR 3.50 lakh

 

DBS-Doon Business School

MBA International Business

INR 4.52 lakh

 

Gems B School, Bangalore

Corporate MBA

INR 4.20 lakh

 

Galgotias University-GU

MBA Healthcare and Hospital Management

INR 4.47 lakh

 

IES Management College and Research Centre (IES MCRC)

MMS

INR 4.20 lakh

DTU-Delhi Technological University (DCE)

MBA Business Analytics

INR 3.56 lakh

 

SRCC-Shri Ram College of Commerce

PGDM Global Business Operations

INR 3.20 lakh

Students shortlisting their preferred MBA institutes must keep in mind colleges mentioned in the above table as they offer various upcoming specialisations in MBA for low fees.

MBA fees less than Rs 1 lakh

MBA colleges with fees less than INR 1 lakh are mostly department of management studies of central or state level universities. Even though their fees is low, these institutes are recognised by the University Grants Commission (UGC). Take a look at some of the popular MBA colleges with fees less than INR 1 lakh.

*B-school

Course Name

**Fees

Jamia Millia Islamia-JMI

MBA in International Business

INR 33,170

WE School-Prin. L. N. Welingkar Institute of Management Development and Research

PGP Foreign Trade Management

INR 94,400

BK School of Business Management

MBA in Maritime Management

INR 80,000

Amity University

PGD in Health and Wellness Management

INR 54,000

Department of Financial Studies, University of Delhi

MBA in Financial Management

INR 26,000

Institute of Management Studies, Banaras Hindu University

MBA in International Business

INR 98,888

Maharshi Dayanand University-MDU

Master of Hotel Management and Catering Technology

INR 84,468

Tata Institute of Social Sciences, Mumbai

PG Diploma in Community Media

INR 40,600

University Business School, Chandigarh-Panjab University

MBA HRM

INR 60,000

Vishwa Vishwani School of Business

MBA

INR 54,000

Garware Institute of Career Education and Development, University of Mumbai

PGD Retail Management

INR 65,420

YMCA-New Delhi

PGD Aviation & Tourism Management

INR 61,256

Utkal University

PGD Banking & Insurance Management

INR 40,600

Maharshi Dayanand University Center, Dwarka

MBA

INR 48,000

Indian Institute of Social Welfare and Business Management-IISWBM

PGD Supply Chain and Logistics Management

INR 70,000

Chaitanya Bharathi Institute of Technology

MBA

INR 86,000

Andhra University, Visakhapatnam

MHRM

INR 24,440

Babu Banarasi Das University

PGD Sports Management

INR 80,000

Gujarat University

PGD Export-Import & International Finance

INR 6,000

AMU - Aligarh Muslim University

PGD Public Relations

INR 3,500

Patna University

PGD HRD

INR 9,500

University College of Commerce and Business Management, Osmania University

MBA Technology Management Programme

INR 20,000

Gauhati University-GU

Master of Business Economics

INR 14,090

Department of Management Studies, Anna University

MBA

INR 56,550

GD Goenka University-GDGU

PGD Supply Chain Management

INR 90,000

Doon University

PGD Security Management

INR 40,000

CUSAT-Cochin University of Science and Technology

MBA

INR 42,000

Aspirants who plan to pursue an MBA course from institutes mentioned in the table above must check for their past placement data before taking a decision. This is so, because the ultimatr goal of pursuing an MBA degree to get a good start in career. So, even if the fee is low at a university, but placements are not good, you should look out for other options. However, if a fee of an institute is high, but the campus placements are great, try to take admission in that institute. Most of the MBA colleges provide scholarships and financial assistance for student loans from nationalised banks, etc. 

*These institutes are listed according to their popularity on Shiksha based on maximum visits by the readers.

**The fees data mentioned against each institute is according to the latest figures available. They may change in the upcoming academic session.

Check Cut offs of top MBA entrance exams and predict calls from IIMs and other Top MBA Colleges. Check Fees, Placement Reviews, Admission, Shortlist Criteria and eligibility of all MBA Colleges by clicking the link below:

Predict IIM & Non IIM Calls

FAQs Related to MBA Fees

Q: Why is MBA fees so high?

A: MBA is a professional degree that includes classroom lectures as well as live projects. Moreover, many private MBA institutes have student exchange programmes with foreign universities. Also, the potential to earn after MBA is higher than any other course. This aspect is also taken into account while fixing fees. To understand in detail, read this article.

Q: Which is the best MBA college in India with low fees?

A: In India FMS, Delhi University is top ranked MBA institute with a low fee of INR 1.92 lakh for a full-time MBA programme. The fees of all government MBA institutes are less than that of private institutes because they are financially aided by the government. IIMs however, have high fees as it is not aided by the government despite being government institutes.

Q: Why is IIM MBA fees high even though it is not a private college?

A: IIM MBA fees in high because it is an autonomous institution aided by the government i.e. although the government provide financial aid, it has no say in administrative decisions. The best infrastructure, teaching pedagogy and resources, international immersion programme cost a lot, which is why the fees of IIM courses are high.

Q: Do MBA colleges offer scholarships to students from financially weak background?

A: Yes, most of the MBA institutions offer scholarships to students from financially weak background. These scholarships are based on merit and category. Most of the MBA colleges offer scholarship to students on the basis of their first semester result and not on the basis of entrance exam score

Q: Which banks offer student loan for MBA?

A: All nationalized banks in India such as SBI, Canara Bank, PNB, Central Bank of India, Punjab & Sind Bank, Dena Bank, Union Bank of India, Bank of Baroda, ICICI, HDFC, AXIS, etc.

Q: Up to how much student loan can I get from bank for MBA?

A: Candidates can avail student loan of up to INR 40 lakh with interest rate between 8 to 11 per cent. SBI and Union Bank of India offer up to INR 30 lakh, while Canara Bank offers loan up to INR 40 lakh.

Q: Is the cost of MBA in foreign universities more than that in India?

A: Yes, the cost of MBA in foreign universities is more than that in India. An MBA abroad may cost at least between INR 20 to 50 lakh but in India, MBA fees start from INR 5 lakh onwards.

Q: Is full-time MBA more expensive than Executive MBA?

A: Executive MBA fees is higher than full-time MBA fees in most of the private and autonomous institutes. The fees includes all the expenses of pedagogy, infrastructure, international immersion, etc. 

Q: Is MBA waste of money?

A: MBA is the best professional course in the current business scenario if you do it from an AICTE approved and highly ranked institute, having good infrastructure, experienced faculty, latest pedagogy and a good placement cell. Also, you need to score good grades in all the semesters for best ROI.

Q: Which MBA specialization offers best Return on Investment?

A: In the current job scenario, MBA in Operation, Information Technology, Marketing, Sales, Business Analytics and Consulting and such popular specialisations offer best Return on Investment (ROI).

About the Author
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Vipra Shrivastava
Senior Manager - Content

Vipra is a massive Breaking Bad fan. When not watching crime drama series, she spends time in updating the list of places she wants to visit and people she wants to meet, but she is happiest in the company of dogs. ... Read Full Bio

Comments

(3)

P

Pintoo arya

3 years ago

Anyone Help Me My college Take College Fees, Examination a fees, Now Pressure for Scholarship Fees so.... What to do

Reply to Pintoo arya

M

Mohit Kumar

2 years ago

Consumer court ki site par jaiye aur complaint register kijiye college ke khilaf kaam ho jayega

R

Ram Kondreddi

4 years ago

Is this degree has value for applying jobs

Reply to Ram Kondreddi