Do you want to pursue an MBA but are worried about high fees? You do not need to spend a fortune; many top MBA colleges in India offer quality education at affordable rates.
The average MBA fee in private colleges ranges from ₹10 lakh to ₹28 lakh, whereas fees in government and government-aided institutions are significantly lower. With over 1,300 MBA colleges in India, you can easily find a good option that fits your budget.
Renowned institutions like FMS Delhi and JBIMS Mumbai offer excellent education and great placement opportunities at a low cost.
Top MBA Colleges in India with Low Fees
Admission to most MBA colleges depends on entrance exams like CAT, XAT, MAH CET, or CUET PG. Always check the cutoff and prepare for the right exam.
Here are some of the best affordable MBA colleges for 2026:
1. Faculty of Management Studies (FMS), Delhi University
- Fee: Around ₹2.32 lakh (for 2 years)
- Selection: CAT score + Personal Interview
- Average package: ₹34.1 LPA
- Top recruiters: Deloitte, Google, Amazon, Adobe, PwC, L’Oreal
FMS is one of the most respected and cheapest top MBA colleges in India. It offers excellent return on investment.
2. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Fee: Around ₹6.10 lakh (for 2 years)
- Selection: CAT / MAH CET / MAT / ATMA
- Average package: ₹26.12 LPA
- Top recruiters: McKinsey, JP Morgan, Accenture, Amazon, Axis Bank
JBIMS is a public institute under the University of Mumbai. It ranks among the top 10 B-schools and has a strong alumni network.
3. Tata Institute of Social Sciences (TISS), Mumbai
- Fee: Around ₹1.4 lakh
- Selection: CUET PG
- Average package: ₹28.2 LPA (2024)
- Top recruiters: Accenture, Deloitte, Infosys Consulting, TCS, Wipro
TISS offers quality management education at a very low fee and strong placements.
4. Department of Management Sciences (PUMBA), Pune University
- Fee: Around ₹2.5 lakh (for 2 years)
- Selection: CAT / XAT / MAT / MAH CET / ATMA
- Average package: ₹8.10 LPA
- Top recruiters: Axis Bank, ONGC, Thermax, SBI Life
This is a good government option with reasonable fees and decent placements.
5. Department of Financial Studies, Delhi University
- Fee: ₹97,000 – ₹99,000 (for 2 years)
- Selection: CAT
- Average package: ₹15.5 LPA
- Highest package: ₹17.5 LPA (2023)
- Top recruiters: DE Shaw, HDFC Bank, Barclays, Axis Bank, Ministry of Finance
This department is known for excellent ROI and strong finance placements.
6. Christ University, Bangalore
- Fee: ₹10.48 lakh – ₹12.08 lakh
- Selection: CAT / MAT / XAT / CMAT / ATMA
- Highest package: Around ₹15 LPA
- Top recruiters: Accenture, Deloitte, KPMG, Infosys, Aditya Birla Group, IBM
Christ offers multiple MBA specialisations and good industry exposure.
7. Delhi Technological University (DTU), Delhi
- Fee: Around ₹4.83 lakh
- Selection: CAT
- Average package: ₹9.02 LPA
- Top recruiters: Google, Amazon, Uber, Facebook, Bloomberg
DTU is a reputed technical university that also offers a solid low-fee MBA programme.
Other Popular MBA Colleges in India with Low Fees
Here is a quick list of more affordable options:
| College Name | Course | Approx. Fee |
|---|---|---|
| SIMSREE, Mumbai | PGDM | ₹1.36 lakh |
| International School of Management (ISMR) | MBA | ₹4.6 – 7.9 lakh |
| Indira Institute of Management (IIMP) | MBA | ₹4.8 lakh |
| Chandigarh University | MBA (Tourism & Hospitality) | ₹5.84 – 7.6 lakh |
| ASM’s IBMR | MBA | ₹7.1 – 9.15 lakh |
| AIMS Institute of Management Studies | MBA | ₹6.58 – 9.21 lakh |
| Doon Business School | MBA in Finance | ₹9.05 lakh |
| Galgotias University | MBA (Healthcare) | ₹90,000 – 6.3 lakh |
| BK School of Business Management | MBA in Maritime Management | ₹40,000 – 1 lakh |
| Maharishi Dayanand University (MDU) | Master of Hotel Management | ₹54,000 – 7.7 lakh |
Best MBA Colleges with Low Fees in Delhi NCR
| Institute | Fee (Approx.) | Average Package |
|---|---|---|
| FMS, Delhi | ₹2.32 lakh | ₹34.1 LPA |
| Department of Financial Studies, DU | ₹52,000 – 99,000 | ₹15 – 16 LPA |
| Delhi School of Economics, DU | ₹62,000 | ₹13 – 15 LPA |
| Jamia Millia Islamia | ₹1.2 lakh | ₹7 – 8 LPA |
| IGNOU | ₹62,000 | ₹3.5 LPA |
| Ambedkar University | ₹3.5 lakh | ₹7.5 LPA |
| IMS Ghaziabad | ₹2.3 – 2.6 lakh | ₹6 – 7.5 LPA |
Tip: Always compare fees, placement records, location, and entrance exam requirements before applying. Government colleges and colleges affiliated with universities generally offer good value for money.
Choose a college that aligns with your budget and career goals. A high fee is not always necessary for a good MBA program.