The fee structure for studying in MBA in India is hefty ranging between thousands and going up to more than twenty lakhs. Besides, Over a period of 6-7 years, the fee structure of doing full-time MBA programme has seen a huge increase in a range of 5 to 15 percent in almost all the MBA colleges every year. IIMs are definitely costly and many have a question that if not IIM then where? Well, there are many good Management colleges which offers you MBA under your budget.
There are the Government University MBA departments or affiliated colleges such as MBA at FMS Delhi of Delhi University is still offered at a nominal fee of Rs. 22,000 for the entire MBA programme. There are other as such which offers MBA Admission with fee less than Rs. 2 lakhs.
Read the article below to check the list of the MBA colleges with academic fee less than Rs. 2 lakhs.
Top MBA Colleges With Fee Less Than 2 lakh
Check the list of the top MBA Colleges with a low academic fee from the table below.
|Name of the College||Academic Fee (in Rs.)|
|Faculty of Management Studies, University of Delhi||10,480 p.a. (Approx)|
|Jamnalal Bajaj Institute of Management Studies, Mumbai||1 Lakh p.a (Approx)|
|K J Somaiya Institute of Management Studies and Research, Mumbai||75,000 p.a (Approx)|
|Department of Management Studies, IIT, Delhi||35, 480 p.a (Approx)|
|Sydenham Institute of Management Studies, Mumbai||67,000 p.a (Approx)|
|Department of Management, BITS, Pilani||77,500 p.a (Approx)|
|ICFAI Business School, Hyderabad||28,200 p.a (Approx)|
|Department of Industrial and Management Engineering, Kanpur||81,687 p.a (Approx)|
|Institute for Financial Management and Research, Chennai||50,000 p.a (Approx)|
|Symbiosis Institute of Operations Management, Nashik||78,000 p.a (Approx)|
|Motilal Nehru National Institute Technology, Allahabad||51,151 p.a (Approx)|
|Faculty of Management Studies, BHU, Varanasi||30,765 p.a (Approx)|
|Department of Management Science, PUMBA, Pune||65,000 p.a (Approx)|
|Pondicherry University, Pondicherry||45,850 p.a. (Approx)|
Faculty of Management Studies, University of Delhi
Faculty of Management Studies (FMS), University of Delhi, is one of the top MBA colleges of India which provide the quality education and has a very good placement record. The admission in FMS is on the basis of Extempore Speech, Group Discussion, Personal Interview, Class X & Class XII marks and CAT scores. The fees structure for the MBA regular program is approximately about 10,000 per year (excluding the hostel and the mess charges).
Jamnalal Bajaj Institute of Management Studies, Mumbai
The Institute was established in 1965, by the University of Mumbai in collaboration with Graduate School of Business, Stanford University. The Institute is located near the commercial hub of the nation- Nariman Point providing it an added advantage.
JBIMS, Mumbai is ranked with top 20 Business Schools of Asia Pacific region and it has been consistently ranked among the top 10 Business Schools in India. The Annual fee of studying MBA at JBIMS is over 2.1 lakh for two years and the average package of the institute was INR 17 LPA for the previous.
K J Somaiya Institute of Management Studies and Research, Mumbai
The Management Institute is located in Somaiya, Mumbai, the institute was established in 1981 as a part of the K.J. Somaiya Trust and Somaiya Vidyavihar. The Institute is spread over 72 acres of lush green land, the institute surely does fulfill its promise of state of the art study curriculum. Also, it is alma mater to one of the most notable figures of the nation such as Madhusudan Kela, the Chief Investment Strategist at Reliance Capital and the famous novelist and filmmaker Piyush Jha.
Department of Management Studies, IIT, Delhi
The Department of Commerce of the Delhi School Of Economics was established in the year 1967 as a separate body in IIT. Before becoming an independent faculty in 1992, the department was run as composite Department of Economics & Commerce. The department also offers two-year full-time programme in International Business and Human Resource Department.
Sydenham Institute of Management Studies, Mumbai
The Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) was founded in the year 1983 and got its name from then-governor of Bombay Lord Sydenham of Combe. It is one of the topmost management institutes of the country.
Department of Management, BITS, Pilani
The Birla Institute of Technology & Science (BITS) is one of India’s leading higher education institutes. The Department of Management at BITS, Pilani was established in the year 1971. BITS Pilani will use CAT and GMAT Scores for Short-listing Candidates for its MBA Programme. BITS MBA ranked the No. 1 private university Management Department.
ICFAI Business School
ICFAI Business School is one of the top Business school in India which is also famously known as IBS Hyderabad. In a survey conducted by Hindustan Times in 2012, ICFAI was ranked number 12 among top business schools of India. The MBA program is offered at IBS Dehradun, IBS Hyderabad and IBS Jaipur. The fee at IBS Dehradun and IBS Jaipur is Rs. 2.835 lakhs per annum, however, the fee at IBS Hyderabad is Rs. 7.02 lakhs per annum.