Top MBA Programs in India with Low Fees Structure

“Spending in MBA is like a business investment, you may not always get the required returns.” 

In recent times, we have seen a lot cases of fees being increased by most top b-schools in India and consequently it is putting tremendous financial constraint on students when they plan for a MBA. Majority of the students come from middle class families who are bound to take education loans when they get admitted into one.

The MBA Investment

The MBA Investment

Post 2008, IIM-A set a new trend when it increased its fees almost 6 times from a mere 2 lacs to 11.5 lakhs for its flagship two year PGP course.

Recently even IIM-B has increased its fees from 15 lacs to 17 lacs for its 2 year flagship course which was one of the highest increase in fees by approximately 13% as compared to year 2012, even last year IIM-B had increased its fees by almost 15%.

One exceptional IIM was IIM-L which actually reduced the steep burden of fees from 12 lakhs to approximately 10.8 lakhs. Top B-schools such as NMIMS, Mumbai, MDI, Gurgaon, XLRI, Jamshedpur too have had hikes in the fee structure for their flagship courses. Even Tier-II colleges such as IMT, Ghaziabad and IMI, New Delhi have increased their fees  by manifolds in recent times.

Let us now look at the trends at the IIMs for last two years (2012 and 2013)

Trends Over the last 2 Years at IIMs

Trends Over the last 2 Years at the IIMs

 

Institute

Fees structure (2012-14) (in Rs for 2 years)

Fees structure (2013-15) (in Rs for 2 years)

Trend over the last 2 years

IIM, Ahmedabad

1,550,000

1,660,000

110,000

IIM, Bangalore

1,500,000

1,700,000

200,000

IIM, Calcutta

1,350,000

1,360,000

10,000

IIM, Lucknow

1,250,000

1,080,000

-170,000

IIM, Indore

1,300,000

1,300,000

0

IIM, Shillong

800,000

800,000

0

IIM, Kozhikode

975,000

975,000

0

IIM, Raipur

900,000

960,000

60,000

IIM, Udaipur

800,000

800,000

0

IIM, Trichy

1,000,000

1,000,000

0

IIM, Rohtak

800,000

800,000

0

IIM, Ranchi

900,000

900,000

0

IIM, Kashipur

800,000

800,000

0

So what are the options left for people who just can’t afford such top b-schools? How can they achieve their dreams of getting good quality education and a great career growth in future?

In this article, we bring to you a list of some of the best and decent B-Schools in India with the most affordable fee structure. Most of these colleges are top government B-Schools such as FMS, MFC, IITs, Nitie, etc. that have over the years proven that they are at par with most of the top B-Schools, if not better when it comes to academic excellence and good placements. Here is the list of these colleges with their fees, cut-offs and placement record for the year 2012/2013.

B-school Name

Fees for 2 years

Cut-Off in CAT/XAT/CMAT

2013-15

Placement Average CTC 2012/2013 in LPA

Faculty of Management Studies, Delhi

Rs. 20,960

(Tuition Fees)

98.56%tile in CAT

16.0

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Rs. 2,00,000

(Tuition Fees)

315+ in CMAT

15.3

Institute of Rural Management, Anand (IRMA)

Rs. 4,17,700

(All expenses)

This year will take CAT score

7

National Institute of Industrial Engineer (NITIE), Mumbai

Rs. 6,26,500

(All expenses)

97.2X %tile in CAT With Sectionals

Not Available

Vinod Gupta School of Management (VGSoM) IIT Kharagpur

Rs. 6,81,304

(All expenses)

97tile in CAT

 11.44

Department of Management Studies (DMS) IIT Roorkee

Rs. 4,00,000

(All expenses)

95.75% tile in CAT

7.81

Department of Management Studies (DMS) IIT Madras

Rs. 3,40,000

(All expenses)

95.8X%tile With Sectionals

8.76

Department of Management Studies (DMS) IIT Delhi

Rs. 4,00,000

(Tuition Fees)

98.0X %tile in CAT

12.60

Department of Management Studies (DMS) IIT Kanpur

Rs. 1,60,000

(Tuition Fees)

95.2%tile in CAT

 8.73

Tata Institute of Social Sciences

Rs. 34,550

(Tuition Fees)

Takes TISS Score

Not Available

Department of Management Studies (DMS), Nit Trichy

Rs. 63,320

(All expenses)

91%tile in CAT

Not Available

Claims 100% placement on website

LBSIM, Delhi

Rs. 6,03,950

(Tuition Fees)

85.41%tile in CAT

7.7

Sydenham Institute of Management Studies and Entrepreneurship Education, Mumbai

Rs.1,38,000

(Tuition Fees)

280+ in CMAT

10.12

Faculty of Management Studies, BHU

Rs. 56,984

(Tuition Fees)

84.59% tile in CAT

7

Loyola Institute of Business Administration, Chennai

Rs. 6,42,000

(Tuition fees)

86%tile in CAT/ 80%tile (Sectionals 78.81, 50.36, 53.51) in XAT

8

MIB/MHROD, Delhi

Rs. 29,000

(Tuition Fees)

91%tile in CAT

7.2

MFC/MBE, Delhi

Rs. 24,722

(Tuition Fees)

90+tile in CAT With weights to other factors

MFC, Delhi:  9.2MBE, Delhi : 7.5

SRCC-GBO

Rs. 48,000

(Tuition Fees)

Takes SRCC GBO Exam Score

6.8

*Note-The figures have been taken from official Websites or Publicly available information from reputed websites. Readers are requested to use their own discretion while reading these figures.

Hope the above list helps you a little in finding the top MBA programs at a low cost. The article in no way compares the quality of education being provided by the b-schools rather it compares education in a parameter of cost. Some of the most expensive MBA programs are some of the best in the country, especially when it comes to academic excellence and providing a professional road-map for their students.

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What's on your mind?

20 comments

  1. very informative .. :-)

  2. why IIMs increases their fee

  3. how is ubs chandigarh in terms of placement?

  4. ISB&M also missed out.. Totally XLRI curriculum in academics and well versed placement records ranging upto 20lk..

  5. what about kj somaiya? what is the overall cost?

  6. what is the fee in KJ somaiya? and does sydenham take cat scores?

  7. fees for TISS is around 70K for 2 years. Kindly check and update

    • Anvesh,

      We have provided only the tuition fee above for TISS. Let us know if there is any mismatch on only tuition fee part.

      Cheers!

  8. i think that careeranna will be one of the biggest MBA portal in near future.=D

  9. wht abt XLRI?
    no mention anywhere?

  10. KJ-SOM missing……:(

  11. n yop one more question…hw much %ile is needed fr school of petroleum management

  12. teamanna i need a lil hlp!!!!can u plz post a list of da colleges dt tk %ile till 80!!!

  13. Indraneil Mukherjee

    Abhi – Another B-School you’ve missed to mention is the School of Petroleum Management, Gandhinagar. Overall Fee is less than 5.8 lacs, and average placements are around 6.5 – 7 lpa.

  14. we have to fill separate form for non iim,if yes please let me know . As i m following your blog regularly it will be very helpful and your effort will be appreciated. thanks,

  15. Great job Career Anna :)