Top 20 MBA Colleges in India with Low Fees Latest List 2023

Top 20 MBA Colleges in India with low fees is our topic of discussion today. Talking about one of the most popular and sought after courses in India, MBA definitely tops the list. Be it the commerce students or the engineering ones, they always opt to end their studies with an MBA degree. This is because it enhances their career by all means. 

Not only MBA guarantees a safe and a secure job but also it is one of the safe career choices to go for. This is the reason why there are so many MBA colleges in the country. Almost all the colleges in India are offering MBA these days. Getting an MBA degree means entering the business and the management life for a prosperous future ahead. 

But, MBA is a very expensive course and that does create a hindrance for a lot of students to pursue it. The fee for MBA goes into lakhs and lakhs of money which is not possible for everyone to afford. Here we are listing Top 20 MBA colleges in India with low fees. 

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1. Christ University Bangalore 

We begin our list of top 20 MBA colleges in India with low fees with the Christ University, Bangalore. The college is an old one that got established in 1969. 

They offer MBA course in different specialisations like Business Analytics, Marketing, Human Resource, Finance, and others. The entrance exams that are accepted for MBA admissions in this college are CAT, XAT, MAT, ATMA, and CMAT. 

The fee for MBA in this college is somewhat around 4.35 lakhs. The average placements start from 6 LPA and goes up till 15 LPA. The lowest salaries are around 3 LPA. Hyundai, IBM, KPMG, Accenture, Infosys are the top companies to recruit from this college. 

Check out their website at https://www.christuniversity.in

2. Department of Financial Studies, Delhi University 

The department of financial studies is the next college in our list of top 20 MBA colleges in India with low fees. This college under Delhi university accepts MBA admissions only on the basis of CAT exam scores. It is one of the cheapest institutes in India that offer MBA in 3 lakhs and has the greatest return on this investment. 

The average salary backed by most number of students from this college is 9.2 LPA and the highest salary has gone up till 18 LPA. So investing 3 lakhs to get at least double its amount in only one year is definitely a sparkling deal. 

Axis bank, Deshaw, KPMG, SBI are the main recruiters. 

Check out their website at https://mfc.edu

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

TISS is a very reputed and a famous college for MBA in India. But, this college coming under the list of top 20 MBA colleges in India with low fees is a surprise for many. The cost of doing MBA from TISS is just around 2.38 lakhs. 

The quality of education this college provides is far batter than lots of other top colleges. In fact, this is one of the top MBA colleges in India by all means. The placements here goes up till the CTC of 20.06 LPA. 

Palmolive, Colgate, Taj Group, Infosys, Dell, Swiggy are the top companies to provide placements.

Check out their website at https://www.tiss.edu

4. Delhi Technical University (DTU), Delhi

Next Delhi college in our list of top 20 MBA colleges in India with low fees is DTU. This college offers admission in MBA on the basis of CAT scores. This college is famous for having one of the best MBA faculty in the country. In fact, they boast about their faculty status. 

The cost at which this college provides MBA is around 3.56 lakhs which is affordable for this course. Their average salary goes up to 6.4 LPA. 

The top recruiters from this college are HP, HCL, Amazon, Genpact, Vivo, Yes bank, and lots more. 

Check out their website at http://dtu.ac.in

5. Department of Management Sciences, (PUMBA) Pune 

The Pune University department of management sciences or Pune University MBA is one of the best places to pursue MBA from in India. This is definitely one of the top 20 MBA colleges in India with low fees. This is affiliated to the university of Pune and offers MBA for as low as 1.33 lakhs. 

To get an admission in this college, one has to give any of the exams like CAT, MAT, XAT, CMAT, CET, ATMA, and MAH. The placements offered by the college starts from around 6.4 LPA. Croma, Bajaj Finserv, Aditya Birla Group are some of the top companies to recruit from this campus. 

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Check out their website at https://www.pumba.in

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

Another Mumbai based college that enters our list of top 20 MBA colleges in India with low fees is Jamnalal Bajaj Institute of Management Studies (JIBMS). The college got founded in 1965. It is a college affiliated to the University of Mumbai. 

The cost of doing MBA from this college is around 3 lakhs. ATMA, MAH, CAT, MAT, CET, are the exams whose scores are accepted for an admission in this college. The highest package offered by the college is over 17 LPA. This shows the ROI can get as high as 6 times of the investment. 

Indian express, Godrej, Vodafone, bISLERI, HSBC, are the top companies to recruit students from this college. 

Check out their website at https://jbims.edu

7. Faculty of Management Studies (FMS), Delhi University 

DU is famous for having some of the top 20 MBA colleges in India with low fees. FMS is another one from DU. The mind blowing price of an MBA course from this college is around twenty thousand only. 

The university is affiliated to the Delhi University and is one of the best places to pursue MBA from. CAT exam scores are accepted for an admission in this college. The highest package offered by the college is around 23.2 LPA. Nestle, Paytm, SBI, HSBC, IBM, Pepsico are some of the companies to recruit from the campus. 

Check out their website at http://www.fms.edu

8. Ambedkar University, Delhi 

Another Delhi college in our list of top 20 MBA colleges in India with low fees is Ambedkar college. The fee for doing MBA from this college is around 3 lakhs. It is a public university that got established in 2007. 

The campus of the college is a beautiful one that is fully wifi enabled and their classrooms have audio-visual systems along with modern projectors. They offer MBA in the disciplines like HRM, Marketing, finance, and operations. 

The average CTC offered by the college is around 6 LPA and highest CTC offered is around 10 LPA. 

Check out their website at https://aud.ac.in

9. SIMSREE, Mumbai 

The fee to do MBA in SIMSREE Mumbai is around 1.58 lakh that is totally great for this course. Mumbai also has a lot of great colleges for MBA at lower fee. MAT, XAT, CAT, ATMA, CMAT, MHT-CET are the top exams that need to be cleared to get an admission in this college. 

It is a public government college that offers MBA and PGDM courses. The median salary offered by the college is 10.02 LPA. The highest domestic package is 17 LPA and highest international package is 19 LPA. 

Check out their website at https://www.simsree.org/Simsree/

10. Chandigarh University 

Another one in the list of top 20 MBA colleges in India with low fees is Chandigarh university. They offer MBA and PGDM in ten specialisations altogether. Hence, there are a lot of options. The fee for doing MBA in this college is around 3 lakhs. 

The highest CTC offered to the MBA students is 28 LPA which is crazy against the fee they charge for it. The average CTC given to most of the students is 12 LPA. 

Check out their website at https://www.cuchd.in

11. International School of Management and Research (ISMR), Pune 

Next college in our list of top 20 MBA colleges in India with low fees is ISMR, Pune. This college got established in 2007 by Sri Balaji Education Society. It is one of the premier business schools of India. They offer MBA and PGDM courses in various disciplines. 

The fee of MBA in this college is 3 lakh. CAT, MAT, SNAP, CMAT, ATMA, MAH CET are the exams through which this college accepts admissions. The average salary given to the students is 5.5 LPA and highest salary is around 15 LPA. 

Check out their website at https://www.ismrpune.edu.in

12. Indira Institute of Management (IIMP), Pune 

Indira college of Pune is one of the most famous MBA colleges of the city. It is more famous because it is one of the top 20 MBA colleges in India with low fees in India. Their fee is only around 4 lakhs which is great as per their academic excellence and placements. 

The college got established in 1994. The disciplines in which they offer MBA are HR, Finance, Marketing, and others. The average salary provided by the college is around 5.5 LPA. Wipro, Deloitte, Angel Broking, eclerx, are some of the top companies to recruit from the college. 

Check out their website at www.indiraiimp.edu.in/

13. ASM’s Institute of Business Management and Research (IBMR), Pune 

Another college in a row in our list of top 20 MBA colleges in India with low fees is ASM’s Institute of Business Management and Research or IBMR, Pune. It is a private college that got established in 1984.

This college has a grade of A++ by Business Standard. All India Management Association (AIMA) has ranked this college in the first place. The fee of this college is 3 lakhs for MBA. The highest salary offered by IBMR in MBA is 12 LPA which is 4 times the amount of the fee invested. 

Check out their website at www.asmibmr.edu.in

14. AIMS Institute of Management Studies, Pune 

Pune is obviously a city filled with MBA colleges at affordable prices and great placements. This college is a part of KRSNA Educational Trust. This college has been awarded with the title of “Best Innovative Management Institute in Pune”  by the World Education Summit. 

The fee for MBA in this college is around 3.69 LPA. They offer MBA in a lot of disciplines in combination with other subjects as well. The average CTC backed by most students is 6 LPA. They also have academic collaborations with TISS. 

Hands down, this is one of the top 20 MBA colleges in India with low fees.

Check out their website at https://aimsinstitute.in

15. MIT Pune

One of the best colleges in Pune to study MBA is MIT at a really affordable price. Their MBA fee is 3.50 lakhs which makes it one of the top 20 MBA colleges in India with low fees. MIT is the college of dreams for any student because of its lavish infrastructure and extravagant campus life. 

They have high class and expert faculty in the business department. The placements of MIT is one of the best in the country in MBA. The average salary given to the MBA students is over 4 LPA at the top MNCs of the country. 

MIT develops and trains its students like no one else does. 

Check out their website at https://mitwpu.edu.in

16. Doon Business School (DBS), Dehradun 

Breaking the monotony of Pune colleges in our list of top 20 MBA colleges in India with low fees is Doon business school. The college got established in 2007. The college is affiliated to the Uttarakhand Technical University. 

Hands down, it is one of the top colleges in Uttarakhand for management and business studies. The average salary given to the students is 7.4 LPA and the highest salary offered by the college is 23.5 LPA. This is against the fee of 4.52 lakhs. MAT, CAT, CMAT, XAT, GMAT are the exam scores approved by the college. 

Most of the Uttarakhand students who wish to pursue MBA get into this college for an amazing career ahead. 

Check out their website at www.doonbusinessschool.com

17. GEMS B School, Bengaluru 

Another college in our list of top 20 MBA colleges in India with low fees is GEMS B school. This college got established 15 years ago in 2006. This college has been awarded for the Most Preferred B School for Placements with an an ASSOCHAM award. 

The accepted exam for MBA in this college is their own university exam called GEMS online admission test. They guarantee 100% placements which is evident with their award. Capgemini, Airtel, TCS, Accenture, and Vodafone are the top companies to recruit students from this college. Their MBA fee is 4.20 lakhs. 

Check out their website at www.gemsbschool.com

18. Galgotias University, Noida 

The MBA fee in this college is around 4.47 lakhs. They offer MBA in healthcare and hospital management. There are other streams as well in which they offer MBA like finance, HR, Marketing, etc. 

This university is a new one that for established a decade ago in 2011. Their placement record is 100% with more than 450 multinational companies visiting the campus for drives. It is one of the top 20 MBA colleges in India with low fees. 

MAT, NMAT, CAT, CMAT, and GMAT are the exams approved in this college for an MBA admission. They offer MBA in financial management, aviation management, logistics and supply chain management and lots of other disciplines. 

Check out their website at https://www.galgotiasuniversity.edu.in

19. BK School of Management 

Our list of top 20 MBA colleges in India with low fees is going to be totally incomplete without the mention of this college. They offer MBA in just Rs 80,000. This is an Ahmedabad based college that got established in 1976. They offer MBA in 14 streams so there is a lot of choice. 

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CMAT and CAT are the entrance exams that need to be given to get an admission in this college. HDFC, Amul, Adani, Vodafone, ITC are some of the top recruiters from the campus. The media salary offered to the students is somewhere between 4 to 5 LPA. The highest salary has even gone upto 20 LPA. 

Check out their website at https://bkschool.org.in/

20. Maharishi Dayanand University (MDU), Rohtak 

The last college in our list of top 20 MBA colleges in India with low fees is MDU in Rohtak. It is a state level university that is approved by UGC and is a member of AIU. MBA in this college is offered at a fee of as less than Rs 85,000. 

Their NAAC accreditation is an A+ grade and their NIRF ranking is 76. They offer MBA in general category, business economics, MBA hons, hotel management and catering technology, and lots more disciplines. The median salary offered to the MBA and PGDM students is somewhere between 4.5 to 6.61 LPA. This itself is 4 times than the money invested. Most of the students back this offer with guarantee. 

Lots of top MNCs visit the campus to recruit the students every year. Some of the top names are Accenture, Capgemini, TCS, Tata Motors, L&T, and lots more. 

Check out their website at https://mdu.ac.in

Conclusion

Fee should not be a problem for you if you want to do MBA. And that’s why these colleges are there to let you go ahead with your dreams and have an aspiring career. The fee of all these colleges are extremely low as compared to the other famous colleges. This does not mean that there is any issue in the quality of the education provided or low placements. We wish you all the best for your career.