There aren’t many students who are lucky enough to get admission into the top MBA colleges with low fees structure. Thousands of students appear for MBA entrance examinations each year, aspiring to get a management degree from a reputed institute, but often have to step back later as they can’t afford the hefty fee charged by premier B-schools, and sometimes even by the government MBA colleges.
If we talk about MBA college fees in general, the fee structure of the top-rated MBA colleges in India like XLRI, IIMs, IIFT, MDI, NMIMS etc. is among the highest, starting anywhere around ₹ 15 lakh and going up to ₹ 33 lakh. Hence, if MBA college fees is going to play a critical role in your ability to pursue a career in business management, you must know about the B-schools with a low fee structure, right from the beginning, so you can prepare yourself for them accordingly. While looking for MBA colleges with low fee structure, it is very important to simultaneously consider the placement records of these institutes too.
There are several B-schools that offer affordable MBA courses. What more, many of these institutes have impressive return on investment (ROI) too! Having a very reasonable MBA college fees of just ₹ 25,000 for their entire two-year MBA program, the Faculty of Management Studies (FMS), Delhi, has held strong to its position as the most economical MBA college in India. The placements offered by FMS Delhi are also at par with any of the top MBA College in the country.
Below provided is a list of MBA colleges in India that charge reasonably low fees for their programs:
FMS or Faculty of Management Studies, Delhi - ₹ 12,500 per annum
Also popularly referred to as the ‘Red Building of Dreams’ by many, Faculty of Management Studies, Delhi is counted amongst the oldest business schools in India. The institute was established in 1954, under the aegis of University of Delhi and has ever since stood out as a premier MBA College, often compared to the top 3 IIMs. FMS is well-known to impart quality management education, with minimum fee and amazing placement opportunities, making it the best in terms of ROI.
The fee structure of FMS Delhi has remained the same for a very long time, approximately ₹ 12,500 per annum, with the total MBA cost including food and accommodation coming to no more than ₹ 1 lakh for the 2 years. In 2018, FMS Delhi recorded an average yearly salary of ₹ 21.1 lakh, which makes it the most affordable business school with the best return on investment.
FMS accepts students based primarily on their CAT score and the cut-off is normally in the vicinity of 98.00+ percentile. Some of the top recruiters that come to FMS Delhi include IBM, Accenture Strategy, HSBC, RBL Bank, Goldman Sachs, Ernst & Young Consulting, ICICI Bank, ITC and more.
DFS or Department of Financial Studies, Delhi University - ₹ 13,000 per annum
You can pursue two different types of two year full-time MBA programs at the Department of Financial Studies of Delhi University – MBA in Business Economics and MBA in Financial Management, with 82 and 32 seats respectively. The fee for these two-year MBA programs comes to ₹ 26,000.
Students who successfully pass out with MBA degrees from Department of Financial Studies with MBA degrees can expect an average placement salary of around ₹ 10.9 lakhs per annum. Some of the top businesses that have come recruiting to Department of Financial Studies include American Express, ICICI Bank, Axis Bank and more.
DSE or Delhi School of Economics, Delhi University - ₹ 18,000 per annum
Charging as less as ₹ 18,000 per annum for its full-time two-year MBA in Human Resource Development (HRD) and MBA in International Business programs, Delhi School of Economics, Delhi University is one of the top 3 MBA colleges with a very low fee structure. You can get admission to DSE through your CAT score and there are a total of 146 seats up for grabs. The average placement salary for students passing out with MBA degrees from DSE was around ₹ 8.25 lakhs per annum for the 2017 batch.
PUMBA or Pune University MBA from the Department of Management Sciences, Pune University - ₹ 66,694 per annum
The Department of Management sciences of Pune University is yet another institute that offers a highly reputed MBA program at a comparatively lower fee. The fee taken from the candidates belonging to other states than Maharashtra (OMS or Outside Maharashtra State) for the institute’s flagship two-year MBA program is ₹ 66,694 per annum. Maharashtrian candidates pay ₹ 500 less, which is ₹ 66,194 per annum for the same program. Candidates belonging to OBC/ST/ST categories on the other hand are charged a nominal fees of ₹ 32,500 per annum for the same MBA program.
The admission procedure of PUMBA is slightly different from other institutes. Maharashtra-based candidates must clear the MAH CET exam, while the OMS candidates can get admission through their XAT/ATMA/MAH CET/MAT/CAT scores. Founded in 1971, the institute is one of the first few management institutes established in the country. Students passing out from Department of Management sciences of Pune University can expect a placement salary in the vicinity of ₹ 5.5 lakh per annum.
TISS or Tata Institute of Social Sciences, Mumbai - ₹ 1 lakh per annum
TISS, Mumbai is widely recognized for its popular Human Resources Management program. Passing out with an MBA degree from Tata Institute of Social Sciences can get you an average salary of approximately ₹ 14 lakh per annum. Not only does the institute offer a reasonably priced MBA program at around ₹ 2.38 lakh for the two-year course (including hostel/accommodation fees), the students who pass out from TISS are also counted amongst the most polished in the industry. The admission to this MBA program is through an entrance exam conducted by the institute itself, known as TISSNET.
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