The top MBA college in India with low fees 2024 include Bangalore University, Delhi Technical University and more. The students can also check the list of other prominent MBA colleges in India with low fees incase they could not get admitted into the primary list.
Top MBA Colleges in India with Low Fees 2024: The top low fees MBA Colleges in India 2024 can be found in the country with costs ranging from INR 25,000 to INR 6,00,000 for the complete MBA program.
The list of colleges include Bangalore University, Delhi School of Economics, Visvesvaraya Technical University (VTU) and more.
The MBA programs offered by the government colleges in India and the universities are less expensive than those offered by private institutions.
Table of Contents:
- Top MBA Colleges in India with Low Fees 2024
- List of Other Prominent MBA Colleges in India with Low Fees 2024
- Return of Investment in MBA Colleges
Top MBA Colleges in India with Low Fees 2024
Some colleges in India strive to provide low fees for students who wish to continue their higher studies. There are several low-fee structure MBA colleges in India.
The fee structure and the entrance examinations accepted by these colleges providing MBA are mentioned in the table below.
| NIRF Ranking (2023) | College Name | Average Fee |
| - | Faculty of Management Studies (FMS) | INR 48,000 per semester |
| - | Delhi School of Economics (DSE) | INR 31,000 |
| 84 | Guru Gobind Singh Indraprastha University (GGSIPU) | INR 56,000 |
| 101 | Bangalore University (BU) | INR 66,000 to 75,000 |
| 52 | Visvesvaraya Technical University (VTU) | INR 56,000 to 65,000 |
| 41 | Department of Management Sciences (PUMBA) | INR 1,34,000 |
| 35 | Sydenham Institute of Management Studies, Research & Entrepreneurship Education (SIMSREE) | INR 1,36,000 |
| - | Jamnalal Bajaj Institute of Management Studies (JBIMS) | INR 6,00,000 |
| 42 | Dr. B.R. Ambedkar University, (DBRAU) | INR 2,99,880 |
| 61 | Delhi Technical University (DTU) | INR 3,56,000 |
The top low-fee MBA colleges promise an excellent return on investment. These colleges are not low fees because they have substandard education, infrastructure, or faculties.
Rather, they are low-fee because they provide excellent academic education and industry exposure without burdening students unnecessarily. See below the courses, placements, rankings, and more of these top low-fee MBA colleges in India.
Also Read: NIRF Ranking Management Colleges
1. Faculty of Management Studies (FMS, Delhi)
Faculty of Management Studies also known as the "Red Building of Dreams" is one of the oldest Business Schools in the country. It was established in 1954 under the University of Delhi.
It is known to be one of the premier MBA colleges in India and earns its way into the league of the top three IIMs in India.
FMS Delhi imparts quality education, with a minimal fee structure to make higher education affordable along with excellent placement opportunities.
FMS Delhi comes in the top five MBA Colleges, but the students enjoy studying in the MBA College at a very low Fee for the entire program.
The FMS Delhi admissions allow students on a budget and those who want to aim for top B-Schools for an MBA.
Read More: Top B-Schools in India 2024
2. Delhi School of Economics, Delhi University
Delhi School of Economics was established in 1949 by VKRV Rao and former prime minister Jawaharlal Nehru. It was built on a vision of the Social and Economic Progress of an independent India.
It is located on the premises of Delhi University. It is also approved by the University Grants Commission (UGC).
The MBA (HRD) program offered has been designed to cater to the growing needs of industry in the Human Resource field and Organisational Development.
Delhi School of Economics Admission is based on the CAT entrance exam for an MBA Program.
Read More: Tier 1 MBA Colleges in India
3. Guru Gobind Singh Indraprastha University
Guru Gobind Singh Indraprastha University was established in 1998 under the provisions of Guru Gobind Singh Indraprastha University Act, Government of Delhi.
The university is approved by the Association of Indian Universities (AIU) and the University Grant Commission (UGC).
It is one of the top-ranked universities in India, and it has earned many awards for its quality of educational research and teaching coursework. The university is accredited by the National Assessment and Accreditation Council (NAAC) with an 'A' Grade.
The university has a vision of providing top-class education to students with the help of holistically developed programs. The IP University admission can be done online through the university portal.
Read More: Top Government Colleges with Low Fees
4. Bangalore University
Bangalore University is one of the best colleges in Karnataka and is affiliated with many top universities in Karnataka. It was established in 1964 and has achieved great heights in delivering high-quality education to its students.
The National Assessment and Accreditation Council has also been accredited with an 'A' NAAC grade and is recognized and approved by the University Grants Commission (UGC).
The university offers UG and PG degrees in science, Arts, Law, Commerce, and Technology.
The Bangalore University Admission can be done through the online platform. The university follows a motto that says, "Knowledge together with the Knowledge of the supreme releases one from all the evils".
Read More: Tier 2 MBA Colleges in India
5. Visvesvaraya Technical University
Visvesvaraya Technical University Belgaum was established in the year 1998. It offers 35 undergraduate courses and 94 PG courses in the Engineering discipline along with an MBA program.
Students can do their PG courses in the university while the Bachelor's degree courses are offered by the affiliated colleges.
It has 218 other colleges, one constituent college, and 17 autonomous colleges affiliated with the university. All the affiliated colleges conduct their admissions through the VTU Admission process and state entrance exams.
Read More: Direct Admissions MBA Colleges
6. Department of Management Sciences, University of Pune
Department of Management Sciences Pune was established in 1971 and is one of the first management institutes in India as a pioneer by itself in the management studies field.
The vision of PUMBA University is to become a vibrant knowledge center and a center of excellence in teaching, extension activities, and research.
The mission is to be a global, socially conscious center of excellence in creating, conserving, advancing, and disseminating knowledge.
The college also focuses on taking up challenges of the enormous changes taking place and is committed to empowering the faculty and students to contribute to the economic, technological, social development leading to the nation's progress.
The college is situated in 414 acres of lush green surroundings with modern facilities that provide an atmosphere to develop a perfect manager out of a student.
Read More: Top MBA Colleges Other Than IIMs
7. Sydenham Institute of Management Studies, Research & Entrepreneurship Education
Sydenham Institute of Management Studies, Research & Entrepreneurship Education was founded in 1983 to deliver quality education to the students.
The institute is approved by the All India Council for Technical Education (AICTE) and provides quality education in management studies. The admission can be done online through the official website.
The SIMSREE Admission is offered to the courses like Masters of Management Studies, Master's Degree in Financial Management, Master's Degree in Marketing Management, Post Graduate Diploma in Business Management, and Doctorate of Philosophy.
SIMSREE provides specializations in fields like marketing, finance, and operations.
Read More: Different Types of MBA Courses
8. Jamnalal Bajaj Institute of Management Studies
Jamnalal Bajaj Institute of Management Studies Mumbai was established in 1965 and is affiliated with the University of Mumbai. JBIMS is approved by the All India Council for Technical Education (AICTE).
Over the years, it has received many awards for delivering quality education. The college hosts various workshops and invites guest lecturers who are experts in their field to better the students.
The institute focuses on the overall growth of the students by encouraging them to participate and host in various inter-college activities.
For this, the institute organizes many annual events such as Prayaag, Strategy, Prabhav, etc. It offers various other programs, but MBA is one of the most popular courses in this institute.
Read More: One Year MBA Program in India
9. Dr. B.R. Ambedkar University
Dr. B.R. Ambedkar University Delhi was established in 2007 by the Government of the NCT of Delhi. The university is identified by an Indian reformer Dr. B.R. Ambedkar, who believed in education as a key cut social slavery.
Ambedkar University Delhi admissions are done based on qualifying examination results. Presently, the campuses are located in Karampura, Lodhi Road, Kashmere Gate.
The university is affiliated with UGC, AIU and is broadly structured into different centers and schools; it is a public university with a campus-based in research, PG, and UG programs in humanities and social sciences.
Read More: Top 7 Demanding Specializations in MBA
10. Delhi Technical University
Delhi Technical University , formerly named Delhi College of Engineering (DCE), was established in 1941 to meet the needs of Indian industries for trained technical manpower with practical experience and sound theoretical knowledge.
The Delhi cabinet used to grant many funds from time to time for the development of DTU. The university offers two years of full-time MBA programs, which are selected by the CAT exam score.
It is a 75 years old university and has several MBA faculties in India.
Read More: Online MBA vs Regular MBA
List of Other Prominent MBA Colleges in India with Low Fees 2024
The students can check the list of other prominent MBA colleges in India with low fees 2024 from the table mentioned below. If the students who are looking for budgeted education can check this list of MBA colleges.
Read More: Top 11 Benefits of MBA
Return on Investment in MBA Colleges
Return on Investment or ROI means how much a student is earning after completing their MBA course compared to how much they earned before/fees of an MBA course.
It computes whether the investment is done for the sake of an MBA degree, whether it be in terms of time, money, or opportunity was justified or not.
ROI is an extremely important consideration when thinking of pursuing an MBA degree. A college with a high fee can also have a high ROI if the placements in that college are immensely good. Most of the items fall under this category.
FMS Delhi, which tops our list of best low-fee MBA colleges, is one of the best ROI MBA colleges to consider as well. It ranks extremely high on the list of the best B-Schools in India and is known for its great placements.
When considering an MBA college, a good rule of thumb is to see whether the average salary offered to students can be enough to pay the fee for the course in a year or two. If so, then college is a good bet.
Read More: MBA Placements 2024
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