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MBA Colleges with Fee Less Than 1 Lakh

Last Updated - September 16, 2019

CAT (Common  Admission Test) is a national level test held by IIMs every year for admission to various MBA colleges in India. It is a computer based exam and more than 150 management institutes consider CAT score as qualifying criteria for MBA/PGDM programs.

  • Apart from 20 IIMs, there are 15 national institutes and the rest are private B-schools. 
  • MBA institutes may charge a tuition fee as low as INR 21000 and as high as INR 20 lakhs for 2 years.
  • The difference in the fees of MBA programme depends on if the institute is private or government, faculty, placement, ranking, infrastructure and other facilities.

It is vital for MBA aspirants seeking admission to B-schools, to know about the course fee they have to pay for their selected MBA programme. 

Faculty of Management Studies, University of Delhi

Academic Fee: INR 10,480 p.a. (Approx)

Established in 1954, Faculty of Management Studies, New Delhi is one of the finest B Schools of India. The Institute is affiliated to the University of Delhi and is governed and run by the same. Admitting 200 students every year through CAT 2016, Candidates will have to strive for getting into the prestigious Institute. CAT 2019 Cutoff is expected to go higher owing to the increasing popularity of the institute among CAT 2019 enthusiasts.

Highest package of over 1.02 Cr, The average placement package of FMS Delhi is expected to be around 20 LPA.

With an average fee of INR 20,960, Surely FMS, New Delhi is one of the best institutes to pursue higher studies in management programs.

Jamnalal Bajaj Institute of Management Studies, Mumbai

Academic Fee: 1 Lakh p.a (Approx)

Established in 1965, by University of Mumbai in collaboration with Graduate School of Business, Stanford University. The Institute’s location near the commercial hub of the nation- Nariman Point provides it an added advantage.

Firmly rooted in the local soil and capable of articulating Indian ideology, JBIMS, Mumbai is ranked with top 20 Business Schools of Asia pacific region and has been consistently ranked among the top 10 Business Schools in India.

With Annual fee of over 2.1 lakh for two year MBA full time programme, the average package of the institute was INR 17 LPA for the previous. Though the quality of placement went down for the previous year, but is sure to go back up the current session.

K J Somaiya Institute of Management Studies and Research, Mumbai

Academic Fee: INR 75,000 p.a (Approx)

Located in Somaiya, Mumbai, the institute was established in 1981 as a part of the K.J. Somaiya Trust and Somaiya Vidyavihar. K.J. SIMSR was granted the status of autonomous institute by UGC in May 2013.

Though established in the 80s, the inception of the idea to establish such an illustrious college of management, was brought forth in 1959 when Padmabhushan Shri KJ Somaiya envisioned to serve the education needs of the society at an affordable cost.

Spread over 72 acres of lush green land, the institute surely does fulfill its promise of state of the art study curriculum. The Institute also provides the promised international exposure with its alliances and ties to some elite International colleges.

Also, the institute 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 film maker Piyush Jha.

Department of Management Studies, IIT, Delhi

Academic Fee: INR 35, 480 p.a (Approx)

Centre Of Post graduate learning of University of Delhi, the Department of Commerce of the Delhi School Of Economics was established in the year 1967 as a separate body. 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.

Alma Mater to some finest Indians, the department of commerce is one of the few institutes with low tuition fee and high salary packages.

Sydenham Institute of Management Studies, Mumbai

Academic Fee: INR 67,000 p.a (Approx)

One of the top most management institutes of the country, Sydenham Institute of Management Studies, Research and Entrepreneurship Education is located in Mumbai. It comes under University of Mumbai and was established in 1913. The institute got its name from then-governor of Bombay Lord Sydenham of Combe. 

The institute offers varied full time and part time courses. Full time courses includes Masters of Management Studies (MMS) and Post graduate diploma in Business Management. Master's in Financial Management and Master's in Marketing Management are part time courses offered by the institute. 

Department of Management, BITS, Pilani

Academic Fee: INR 77,500 p.a (Approx)

Established in the year 1971, Department of Management at BITS, Pilani, intially statrted by offering the two yearMaster of Business Administration (MBA). But, after two years their M.B.A programme evolved into the integrated first degree programme MMS- Master of Management Studies- a unique amalgamation of engineering and management.

MMS got restructured to M.B.A in 2006, which is a two year post graduate Programme.

BITS, Pilani's M.B.A is the flagship programme offered to students who wish to pursue their career in management stream. 

ICFAI Business School, Hyderabad

Academic Fee: INR 28,200 p.a (Approx)

One of the top Business school in India,ICFAI Business School which is also famously known as IBS Hyderabad is a Deemed University as per the UGC Act 1956. In a survey conducted by Hindustan Times in 2012, ICFAI was ranked number 12 among top business schools of India. 
IBS- Hyderabad offers M.B.A, which is considerd astheir flagship programme plus PhD and B.B.A. The institution has collabated with foreign institutions in U.S.A, U.K, Australia and Malaysia. 

Department of Industrial and Management Engineering, Kanpur

Academic Fee: INR 81,687 p.a (Approx)

The department of Industrial and Management Engineering (IME) at IIT Kanpur was set up in 1974 and it was one of the first in India to impart analytical education of engineers in the training of management professionals. The programme tracked its pace from the year 1988, when it got fully developed.

Currently, the department has 19 PhDs faculty members from various reputed universities.

The courses offered by the department are Dual Degree for B.Tech students, PhD, M.Tech and M.B.A programmes in industrial and Management Engineering. 

Institute for Financial Management and Research, Chennai

Academic Fee: INR 50,000 p.a (Approx)

Located in Sri City of Andhra Pradesh, The Institute for Financial Management and Research is a renowned Business school which is recognised an an Intitution of National Importance by the Ministry of Finance. It is also notably recognised as a social research institution by the Ministry of Science and Technology. 

Institute for Financial Management and Research offers a two year PGDM program which has accrediation by AICTE. It also offers a Ph.D degree in streams like Finance, Economics and Management. Executive Programs are also offered by the institute. 

Symbiosis Institute of Operations Management, Nashik

Academic Fee: INR 78,000 p.a (Approx)

Symbiosis Institute of Operations Management (SIOM), Nasik, comes under the ambit of Symbiosis. This institution is India's only Institute dedicated to Operations Management, constituted with a vision of Empowering and Leading Operations Excellence.

The institute takes initiative like SAP ERP training, APICS certification, CII logistice workshop and SCS training. 

Motilal Nehru National Institute Technology, Allahabad

Academic Fee: INR 51,151 p.a (Approx)

Located in Allahabad, Uttar Pradesh, Motilal Nehru National Institute of Technology Allahabad (MNNIT or NIT Allahabad) is a National Institute of Technology. The institute carries a tag of a Institute of National Importance. It is considered as 'Top Engineering College of Super Excellence'.

The institute offers various undergraduate and Post graduate Programmes. The admission to the undergraduate course is through JEE (Mains). M.Tech degrees are offered in 19 streams by the institution. 

The notable alumni includes famous personalities like Sanjiv Chaturvedi, who is an IFS officer, B.N. Singh- Indian Engineering Scientist and chairperson of ICTACEM and many more. 

Faculty of Management Studies, BHU, Varanasi

Academic Fee: INR 30,765 p.a (Approx)

Established in 1968, Institute of Management Studies, Banaras Hindu University is counted among the earliest Management Schools in India. 

The strongest part of this institute is its strong Alumuni, which includes notable personalities like Mr. B.S. Nagesh, former Vice-Chairman, Shopper's Stop Pvt. Ltd.,Mumbai;
Dr. Atul Parvatiyar,President & CEO of ICRM,USA & Ace Sporting & Fitness USA; Prof. Vinay K. Nangia,Head Of Department, DOMS,IIT Roorkee; Mr. Sarvesh Goorha, CEO, Auditel Expenses Management Pvt. Ltd., Noida and many more prominent personalities. 

Institute of Management Studies, Banaras Hindu University offers different courses like Doctoral Programme in Management Studies (PhD),
One Year (Part Time) (2 Semester) P.G. Diploma in Business Administration (PGDBA) and
Executive Development Programme.

Department of Management Science, PUMBA, Pune

Academic Fee: INR 65,000 p.a (Approx)

PUMBAis one of the oldest Management Institutes in the country. Established in 1971 the institute has continuously developed itself as an initiator of the transformative knowledge hub at one end, while being a provider of proficient managers to the business world at the other.

In 2008, PUMBA started an MBA++ course, which provides dual specialization in business studies and it has been a unique factor in PUMBA’s course structure since then. 

The Institute has produced some very known figures of today. Some of them are Kay Kay Menon, Dhananjay Sen Gupta and Ajay Chacko.

Pondicherry University, Pondicherry

Academic Fee: INR 45,850 p.a. (Approx)

The premier institute celebrated its pompous silver jubilee on Oct 18, 2010, that included some well-known figures of the nation. Pondicherry University is the hub of innovation and entrepreneurial thinking.

The Institute is considered as one of the Top 10 best institutes to pursue Management Courses from.



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