The fee structure for top MBA Colleges in India such as the IIMs, XLRI, MDI, IIFT, NMIMS are among the highest, starting at Rs.15 lakh and above, and hence it is very important to know the MBA Colleges in India with Low Fees and good Placement records at the same time.

Despite securing a high percentile in the CAT Exam, MBA aspirants are often in a dilemma to choose the right B-School owing to high fee amounts and unsatisfactory Return of Investment. Fortunately, an MBA dream might not be necessarily an expensive one, as there are many B-schools which offer affordable MBA Courses with a low Fee Structure and have an impressive ROI as well. With a minimal fee of only Rs. 25,000 for a full-time two-year MBA Programme, FMS Delhi continues to be the most economic MBA college in India, offering good Placements and in return. As per the Fee Structure, a list of the top B-schools in India which not only offer affordable MBA at a low fee, but also have a promising future ahead in terms of Career Prospects and Placement Trends are discussed below:

With most of us not being able to afford the high fee of some of the reputed MBA Colleges in India, it is important for us to know the MBA Colleges in India with Low Fees. This will help us understand and set a specific target for MBA Colleges and create an opportunity to study in MBA Colleges in India with Low Fees. 

MBA Colleges in India

MBA Colleges in India with Low Fees

Name of the College                   Expected CAT Cut-off Fee Structure
Faculty of Management Studies, FMS Delhi 97.8+  Rs.25000
JBIMS, Mumbai 99.8+ Rs. 1,02,290
NITIE, Mumbai 97+ (for flagship management course) Rs.8-8.5 lakhs
Tata Institute of Social Sciences, TISS Mumbai 72+ Rs. 2 Lakhs
Department of Management Studies, IIT Delhi 95.8+ Rs. 4 Lakhs
Department of Management Studies, IIT Roorkee 95+ Rs. 4 Lakhs
KJ Somaiya Institute Of Management Studies And Research 80-85+ Rs. 8 Lakhs
Department of Management Studies, Pune (PUMBA) 90+ Rs. 3 Lakhs
Faculty of Management Studies, FMS BHU, Varanasi 75-85 Rs. 2 Lakhs
MIB/MHROD, Delhi School of Economics 87+ Rs. 1 Lakh

 

1. Faculty of Management Studies, FMS Delhi 

Faculty of Management Studies (FMS, Delhi), also popularly known as the “Red Building of Dreams” is one of the oldest B-Schools in the country. It was established in the year 1954, under the aegis of the University of Delhi and is a part of this Central University. It is one of the premier MBA colleges in India and makes its way into the league of top three IIMs. It is known to impart quality education, with a minimal Fee Structure and excellent Placement opportunities, which makes FMS, New Delhi one of the highest RoI B-schools of India.

Not only does FMS come in the top 5 MBA Colleges, but the students also boast of studying in the MBA College at a very low Fee. Placements are no concern when you study in FMS Delhi, you name a company and you find it recruiting from here.

Scores Accepted: CAT

Expenses: Less than 1 lakhs including living expenses as well. Tuition Fee is in a 25,000 range.

2. JBIMS, Mumbai

This one also ranks high on the list of MBA Colleges in India with Low Fees. Popularly and widely known as the CEO Factory of India, this institute has a staggering legacy of 50 years. JBIMS is located in the heart of Mumbai and has produced several industry leaders, who timely visit the institute to share their practical experiences of their respective journey, which does count for a lot.

Most of the visiting faculty members at JBIMS are Corporate Leaders, who also happen to be the alumni of JBIMS. Their guest lectures provide direct insight into the present industry scenario and future vision.

  • They possess a large alumni base working as CEO’s and at other top-notch position across the Globe in numerous big brands, which in turn helps the JBIMS students to secure high placements.
  • The MBA Programme Fee for domestic students is Rs. 6 lakhs and for NRI/PIO the fee is Rs. 12 lakhs.
  • It has a Placement record of 100% for the year 2018 wan ith average salary of Rs. 18.91 lakhs.
  • The Highest Salary obtained by a JBIMS student ever is Rs. 30 lakhs
  • Top recruiters at JBIMS  include  Abbott, Aditya Birla Group, AkzoNobel, Capgemini, Citibank, DBS Bank, Goldman Sachs, HSBC, ICICI Bank, IDFC Bank, J P Morgan Chase, McKinsey & Company, P&G, Piramal, RBL, RIL, Standard Chartered, Tata Motors, Vodafone and the likes.

Besides being an institute with a great reputation, low Fee Structure and, JBIMS is also known to be a strong player in MBA (Finance), yet, it has been doing fairly well in other specializations as well. Certainly, a go-to college for MBA candidates.

Scores Accepted: CAT / XAT / MH CET. (However,  from upcoming academic season JBIMS may stop accepting CET Score). The Expected Cut-off through any exam for Outside Maharashtra: 99.8+

3. NITIE, Mumbai

Formerly known as the National Institute for Training in Industrial Engineering, NITIE is a prestigious Post-graduation education institute located in Powai near Vihar Lake in Mumbai, India. The institute, which started off as an Industrial Institute, now offers Post-graduate Diplomas in various fields of management and industrial engineering, as well as Doctoral level fellowship programmes.

The institute, in its initial days, was spread across the country with knowledge centres situated in Hyderabad, Chennai and Delhi. Gradually, during the late 1980s, these nodal centres were shut down and a single centre was formed, which is now located at Mumbai. Ranked among top 10 colleges consistently and known as Mecca of Supply Chain Management, along with prominent profiles being offered across the specializations.

Scores Accepted: CAT

Expenses: Approximately 8-8.5 lakhs including hostel charges.

4. Tata Institute of Social Sciences, TISS Mumbai

TISS was established in the year 1936 as the Dorabji Tata Graduate School of Social Work. TISS is regarded as India’s first school of Social Work. The institute started off by offering Post-graduate Diploma in Social Work. However, over the years, TISS has expanded itself and now offers courses in Policy, Planning, Action strategies and Human Resource Development. Presently, TISS has four campuses Mumbai, Tuljapur, Hyderabad and Guwahati. It is a renowned college for HR, Ranked Number 2 after XLRI, when it comes to HRM. Runs multiple programmes in varied domains. It ranks high on the charts of MBA Colleges in India with Low Fees for all its’ programmes. 

Scores Accepted: TISSNET

Fee: Approximately 2 lakhs including hostel charges.

5. Department of Management Studies, IIT Delhi

The Indian Institute of Technology Delhi (abbreviated IIT Delhi or IITD) is a Government-run institution. It was established in 1961. The IIT Delhi is also rendered the status of Institute of Eminence (IoE). These IoEs will have greater autonomy in that they will be able to admit foreign students up to 30% of the admitted students and recruit foreign faculty up to 25% of the faculty strength.

Ranked among top 20 Colleges.

Scores Accepted: CAT

Tuition Fee: 4 lakhs (6-8 lakhs including all expenses)

6. Department of Management Studies, IIT Roorkee

IIT Roorkee is the seventh Indian Institute of Technology. In 1949, it became a University remained as the University of Roorkee till 2001. It was converted into an IIT in 2001 by an act of Government of India and an ordinance is now converted into the act by Parliament to make IIT, Roorkee an Institution of National Importance. The institute possesses 21 academic departments covering Engineering, Applied Sciences, Humanities & Social Sciences. The Institute offers various UG, PG, Integrated and PhD Courses in Engineering, Management, Science, and Architecture. It is ranked among top 30-35 Colleges.

Scores Accepted: CAT

7.KJ Somaiya Institute Of Management Studies And Research

This institute came into existence in 1981 and possess an autonomous status, granted to it by the UGC. It ranks among the top 25 management institutes and top 10 premier B-schools in India. It serves as a beacon of light to all its students and widens their scope in terms of meaningful learning and education.

This one ranks rather low on the chart of MBA Colleges in India with Low Fees. However, it offers Full time, Part-time and Executive Programmes in Business Management, along with Masters in Computer Applications and Doctoral Programmes. All the Programmes at the said institute are approved by All India Council of Technical Education, Ministry Of HRD, Govt. of India and University of Mumbai.

Scores Accepted: CAT / CMAT/ MH CET

8. Department of Management Studies, Pune (PUMBA)

Department of Management Sciences (PUMBA), Savitribai Phule Pune University features amongst the oldest Public Universities offering an MBA programme in India. The highest CTC offered to the Batch of 2015-2017 MBA++ Programme was Rs. 9 lakhs per annum and the Average CTC offered was Rs. 5.94 lakhs per annum.

The flagship program offered by PUMBA is MBA++.

Scores Accepted: CAT / CMAT/ MH CET

Expenses: Approximately 3 lakhs.

9. Faculty of Management Studies, FMS BHU, Varanasi

The Banaras Hindu University was established in the year 1916. It is one of the largest institutes in India and is known for its state-of-the-art campus, environment, academic standards, facilities, values and culture. 

Scores Accepted: CAT

Expected CAT Cutoff: 85 percentile

Expenses: With approximately 2 lakhs including Hostel charges, it ranks well amongst MBA Colleges in India with Low Fees.

10. MIB/MHROD, Delhi School of Economics

MBA (HRD) programme of the Delhi School of Economics has been designed to cater to the growing needs of industry in the area of Human Resource and Organisational Development. MBA (HRD)’s main goal is to provide quality education to highly motivated individuals so that they can provide professional expertise to the corporate world in the area of human resource and organisational development.

Scores Accepted: CAT

Total Expenses: Approximately 1 lakhs. One institute which really deserves to be on the list of MBA Colleges in India with Low Fees.

11. MFC / MBE, Delhi University

MBE or Masters in Business Economics is a Post-graduate course which is a combination of both management techniques and economic theories. Post completion of the course, students can work as an Environment Policymaker, Economics Teacher/Professor, Development Officer etc. The average starting salary of a student with a Masters is 6 lakhs per annum.

MBE is a dual degree which provides a base in micro and macroeconomic principles, along with quantitative techniques. Additionally, it provides a thorough specialization in Finance, Marketing, Operations, Applied Environmental Economics concepts. 

Scores Accepted: CAT

12. Department of Management Studies, IIT Kanpur

The Department of Industrial and Management Engineering (DIME) at IIT Kanpur was one of the first B-schools in the country to impart management studies to engineers. Established in the year 1988, it has now become a premier B- School.

Scores Accepted: CAT

Total Expenses: Approximately 4 lakhs.

13. Department of Management Studies, IIT Madras

The Department of Management Studies (DoMS), IIT Madras offers internationally reputed research programmes at the Masters and Doctoral levels. The research works carried out in the respective department revolves around the functional areas of Human Resources, Operations and Marketing, Systems and Information Technology Management, Knowledge and Learning, Strategy and Decision Making, Projects, Safety and Occupational Health, Social Responsibility, Entrepreneurship, etc.

Scores Accepted: CAT

Conclusion

The aforementioned details for the MBA Colleges in India with Low Fees provides the Fee Structure for top 13 MBA colleges, it will become much easier to arrive at a decision as to which college to choose for an admission to MBA. It will also aid you to organize your fund arrangement for pursuing the MBA Programme from one of the top B-schools in India.

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