MBA is one of the most sought after career options now-a-days in India and most expensive as well. Despite having good percentile, many MBA aspirants are often in dilemma to choose the right B-school due to high admission fees. A two year full time MBA or PGDM course at top B-schools like IIMs, IIFT, XLRI, NMIMSetccost candidates between Rs 15 to 20 lakh approximately. As a result of which, candidates have to think whether they must pursue their MBA from top B-Schools or go for education loans to bear the expenses.
But this is not the case for all the top B-Schools, there are many colleges in India that offers affordable and quality MBA degree. Management institutes like FMS Delhi, Delhi School of Economics, TISS, Department of Management Studies, Pune University, KJ Somaiya Institute of Management Studies and Researchetc, offers affordable MBA with good placements. Listed below is the top B-Schools in India offering affordable MBA.
Top B-Schools in India Offering Affordable MBA
|College||Accepted score||Course Fees|
|Faculty of Management Studies, FMS Delhi||CAT||Rs 25,000|
|Delhi School of Economics, Delhi University||CAT||Rs 31,000|
|GGSIPU, Delhi||Admission through own entrance test||Rs 56,000|
|Delhi School of Economics, DU||CAT||Rs 36,000|
|TISS||TISSNET||Rs 1 lakh|
|Department of Management Studies, Pune University (PUMBA)||MAH CET/CAT/CMAT||Rs 1 lakh|
|SIMSREE, Mumbai||MAH CET/CAT/CMAT/XAT||Rs 2,36,000|
|JamnaLal Bajaj Institute of Management studies (JBIMS)||MAH CET/CAT/CMAT/XAT||Rs 6 lakh|
|NITIE Mumbai||CAT||Rs 8 lakh|
|SJMSOM-IIT Bombay||CAT||Rs 8 lakh|
|KJ Somaiya Institute Of Management Studies And Research||CAT / CMAT / GMAT / XAT||Rs 2 lakh|
|KIIT School of Management, Bhubaneshwar||Own entrance exam, CAT / MAT / GMAT / ATMA / CMAT / XAT||Rs 12 lakh|
|Institute of Management Studies, BHU||CAT||Rs 2 lakh|
|Shailesh J. Mehta School of Management (SJMSoM), IIM Bombay||CAT||Rs 8.5 lakh|
|Department of Management Studies (DMS), IIT Delhi||CAT||Rs 8 lakh|
Institute of Management Studies, Banaras Hindu University (BHU)
This institute was formerly known as Faculty of Management Studies, BHU (FMS-BHU) is another very old and respected MBA college in the country. Institute of Management Studies, Banaras Hindu University (BHU) quality and affordable MBA. The institute accepts CAT score.
Faculty of Management Studies, FMS Delhi
Established in the year 1954, FMS Delhi offers two-year MBA programme which is regulated by Delhi University (DU). FMS considers CAT scores for admission to its MBA programme. The institute also has good placement track. Students are placed EY Consulting, Accenture Strategy, Star India, ITC, IBM, Goldman Sachs, HSBC, ICICI Bank, RBL Bank, Reliance among others.
Tata Institute of Social Sciences (TISS), Mumbai
TISS offersHuman Resources Management programme. Admission is offered to candidates based on TISSNET score. The entire cost of the MBA programme is approximately Rs 2 lakh.
Department of Management Sciences (PUMBA), Pune University
Founded in 1971, PUMBA has since then has provided good management education. Candidates are selected based on MAH CET/CAT/CMAT scores. An MBA degree in the university cost candidates around Rs 1 lakh.
Jamnalal Bajaj Institute of Management Studies, JBIMS
JBIMS Mumbai offers MMS programme. The institute accepts MAH CET/CAT/CMAT/XAT scores to offer admission to candidates. The fee for the programme is Rs 2 lakh. The top recruiting companies at JBIMS include Accenture, McKinsey, Goldman Sachs, JP Morgan, ICICI Bank, Hindustan Unilever, P&G etc.
KJ Somaiya Institute of Management Studies and Research
The two year MMS program in KJ Somaiya will cost candidates around Rs 2 Lakh. The cost for full-time MBA at SIMSR is around Rs 11 lakhs. In 2017 placements, the institute recorded an average salary of Rs 9.19 LPA and highest salary of Rs 24 LPA. Companies that recruited candidates were Google, HUL, GEP, HSBC, Amazon, Invesco, Crisil, Citi Bank, Morgan Stanley, Barclays, SAP, Deloitte, Accenture, Capgemini.
Also browse all MBA colleges in India fees, ranking, and cutoff at https://www.shiksha.com/mba/colleges/mba-colleges-india