MBA Fees in India: Top B-School Fees, MBA Colleges Fee in India

The Top B-schools like XLRI and MDI are expensive too. Fee for XLRI PGDM program (equivalent to MBA) is Rs 24.80 lakhs. MDI PGDM Fee is also expensive at Rs 24.17 lakhs. NMIMS Mumbai MBA Fees is slightly lower at Rs.23.90 lakhs followed by SPJIMR with Rs.20.42 lakh fees. FMS Delhi has the lowest MBA fee amongst top Colleges in India. Top MBA Colleges in India with Fee Structure are given below.

Source: MBAUniverse.com

With more than 3,000 MBA Colleges in India of different quality, there is a wide range with Fee Structure too. Generally, MBA Fee ranges from Rs 5.0 Lakhs to 20 Lakhs. MBA Colleges in India with Fee Structure are below.

Source: MBAUniverse.com- Fee may be revised for 2024-26 batch

There are now 21 IIMs in India after NITIE has been awarded the IIM Mumbai status from August 2023. Do you know that MBA from IIM Calcutta is more expensive than IIM Ahmedabad and IIM Bangalore. The MBA from new IIMs is cheapest like IIM Sambalpur, IIM Sirmaur and IIM Bodhgaya. Complete List of IIMs with Fee Structure is given below. The admission status for all the 21 IIMs is open with the start of CAT 2023 exam registration from Aug 2 and closes when the last date to apply for CAT is over on September 13, 2023.

Source: MBAUniverse.com – Fee may be revised for 2024-26 batch

While MBA Programs at IIMs are expensive, there are many MBA Colleges in India with Low Fee. We have prepared different list of colleges at different fee structure. So you can match your budget.

But remember, you do your MBA only once. So, if you don’t get admission in a good and low fee B-schools, it may be better to increase your budget and get into a good B-school, with strong placement record, even if its slightly expensive. You will recoup your extra investment in a few months. MBA colleges with low fee in India can be divided into following two categories:

1. Low Fee MBA Colleges in India with less than Rs.5 Lakh Fee
2. Lowest Fee MBA Colleges in India with less than Rs.1 Lakh Fee

Let us know the top MBA colleges in India with low and lowest fee structure:

MBA colleges in India with less than Rs. 5 lakh fee for MBA

FMS Delhi, one of the top MBA colleges in India offers MBA at a fee of Rs.1.92 lakhs, while SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs.2.36 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs.2.45 lakhs Following are some of the top MBA colleges in India with less than Rs.5 lakh fee for MBA and the MBA colleges in India with less than Rs.3 lakh fee for MBA

Source: MBAUniverse.com

Lowest MBA Fee in India: MBA colleges with less than Rs. 1 lakh Fee

The lowest MBA fee in India is collected by the Government University MBA departments or affiliated MBA colleges like DSE-Delhi University; USMS-IP University among others. Earlier, FMS Delhi had the lowest MBA fee of Rs. 22,000 for the entire 2 years full time MBA programme but the fee is increased now.

IIMs & Top MBA Colleges increase MBA Fee Annually: IIM Ahmedabad, Bangalore, Calcutta and rest other IIMs increase their fee for each academic session. IIMs increase their fee with the beginning of their academic session. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, XLRI Jamshedpur, MDI Gurgaon have already increased their fee. 

Good MBA colleges with low fee are few: These are the Government University MBA departments or affiliated colleges. MBA at UBS Chandigarh is offered at below Rs.70,000 while MBA at FMS Delhi of Delhi University is still offered at a fee of Rs.1.92 lakhs for the entire MBA programme. SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs.2.36 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs.2.45 lakhs.

MBA Colleges in Delhi, Bangalore with less than 5 lakh fee are many: Delhi University; Guru Gobind Singh Indraprastha University Delhi; Bangalore University; VTU Bangalore University; Mumbai University are few of the examples who offer MBA programme at less than Rs.2 lakhs.