CAT 2023: Top MBA Colleges with Low Fees in India

Admission to MBA colleges through CAT is considered the best option by most candidates due to high-paying career options in management and entrepreneurship. Pursuing an MBA from IIMs and other private colleges can be expensive. Having said that, there are colleges offering MBA and other allied specializations with low fees. Students aspiring to pursue an MBA at a minimum fee can choose colleges such as IFIM College, Amity Global Business School, TISS (Mumbai), JMI, etc. 

Here we provide you with a list of MBA colleges with low fees in India.

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Top B Schools with Low Fees through CAT

A couple of the most cost-effective colleges for obtaining an MBA are represented under the aegis of Delhi University. Some of the top MBA colleges in Delhi University are FMS (Faculty of Management Studies), DFS (Department of Financial Studies), and DSE (Delhi School of Economics). Percentile requirements for these institutions generally run high so candidates must aim high. 

FMS (Faculty of Management Studies)

• The cost of a 2-year program at FMS Delhi is INR 2 Lakhs.
• In the MBA placements of 2023 at FMS Delhi, the highest offered package was INR 1.23 crore per year.
• The average package for the MBA class of 2023 stood at INR 34.1 Lakhs per annum.
• FMS Delhi achieved a remarkable 100% placement rate for the MBA class of 2023.
• The placement process included top-tier recruiters such as BCG (Boston Consulting Group), E&Y (Ernst & Young), HUL (Hindustan Unilever Limited), Deloitte, and KPMG, showcasing the institute's strong industry connections and appeal to leading companies.

Department of Financial Studies, Delhi University

• The Department of Financial Studies at the University of Delhi offers its program at a fee of 3 Lakhs, providing students with an opportunity to delve into the realm of financial education and management.
• In terms of placement statistics, the department has achieved noteworthy results, with the highest salary offered being an impressive 27.6 Lakhs Per Annum (LPA), highlighting the potential for lucrative opportunities for graduates.
• The average salary for students from the department stands at a commendable 14.55 LPA, indicative of the overall quality of placements and the preparation that the department imparts to its students.
• The department's strong industry connections are evident from its list of top recruiters, which includes esteemed names such as American Express, Barclays, DE Shaw & Co, Genpact, Aranca, Bridgei2i, and Ernst & Young. These prominent organizations showcase the trust they place in the quality of education and talent pool provided by the Department of Financial Studies.

Also Check: CAT Score vs Percentile

Delhi School of Economics, Delhi University

• The Delhi School of Economics, affiliated with the University of Delhi, offers its program with a fee structure amounting to 1.5 Lakhs, making quality education accessible to a diverse range of students.
• In terms of placements, the institution has demonstrated its ability to secure lucrative opportunities for its graduates, with the highest salary package reaching an impressive 26.5 Lakhs Per Annum (LPA), underscoring the potential for substantial career growth.
• The average salary for students who graduate from DSE is a commendable 14.4 LPA, reflecting the institution's commitment to fostering a strong learning environment that equips students with competitive skills for the job market.
• DSE's influence and reputation are clearly visible through its roster of top recruiters, which comprises esteemed organizations including Deloitte, Ernst & Young (E&Y), PricewaterhouseCoopers (PwC), JP Morgan, Adani, Axis Bank, KPMG, TresVista, Wipro, and Infosys. These partnerships signify the strong industry connections that the Delhi School of Economics maintains, contributing to the success of its graduates in various sectors.

Tata Institute of Social Sciences (TISS), Mumbai 

• The Tata Institute of Social Sciences, located in Mumbai, offers its program at a fee of 1.88 Lakhs, ensuring that students from diverse backgrounds have access to its quality education and social sciences curriculum.
• In the realm of placements, TISS has demonstrated its ability to secure promising career opportunities for its graduates, with the highest package reaching an impressive 49 Lakhs Per Annum (LPA), showcasing the potential for substantial financial growth and professional success.
• The institution maintains a commendable average placement package of 25.75 LPA, reflecting its dedication to preparing students with the skills and knowledge required to excel in their chosen fields.
• TISS's strong network and reputation are evident through its impressive list of top recruiters, which includes prestigious names such as Accenture, Accenture Strategy, Aditya Birla Group, Asian Paints, Deloitte India, Flipkart, Hindustan Unilever Limited (HUL), ITC, Korn Ferry, Marico, Nestle, and Tata Administrative Services (TAS). These collaborations emphasize the institute's connections in various sectors and its commitment to providing students with opportunities for meaningful and impactful careers.

Department of Management Sciences, Pune University (PUMBA) 

• The Department of Management Studies, affiliated with Pune University, offers its program with a fee range spanning from 1.29 Lakhs to 1.52 Lakhs, making quality management education accessible to students with varying financial considerations.
• In the realm of placements, PUMBA has facilitated opportunities for its graduates, with the highest package offered standing at 13.5 Lakhs Per Annum (LPA), showcasing the potential for growth and advancement in the corporate world.
• The department maintains an average placement package of 6.7 LPA, highlighting its commitment to equipping students with foundational skills and knowledge that are valued in the job market.
• PUMBA's industry connections are evident from its list of top recruiters, which includes notable organizations like Global Data, Federal Bank, Entytle, GEP, Ezest Solutions, Accenture, and Bajaj Finserv. These collaborations underscore the department's dedication to connecting students with prominent employers and preparing them for successful careers in management. Read  CAT 2023 Reservation 

KJ Somaiya Institute of Management Studies and Research, Mumbai 

• MMS program offered by K J Somaiya Institute of Management Studies and Research is a relatively affordable option as compared to their full-time MBA program. 
• KJ Somaiya is listed under the top B schools in the country and consistently holds a position in the top 25 management programs offered in any management establishment. 
• Even though it is a private sector B School, all the programs offered by the school are approved by AICTE, Ministry of Human Resource and Development, Government of India, and Mumbai University. 
• Their course spans 6 trimesters and has a 50 percent reservation present in its 121 seats for the Gujurati Linguistic Minority. 
• The tuition fee is Rs 2.04 lakhs for the entire program.

Institute of Management, BHU Varanasi

• Acclaimed as a revered university, Banaras Hindu University was established in 1916 and is one of the biggest centers of learning in the country.
• It includes a vast expansive campus, a warm and friendly environment, high institutional standards, state-of-the-art facilities, and a rich student culture. 
• IMS BHU offers a full-time MBA, an MBA with a specialization in Agri-Business Programme, and MBA in International business. 
• With tuition fees cornering around 1 lac, the total living expenses are around 2 lakhs including accommodation and boarding. 

Sydenham Institute of Management Studies, Research and Entrepreneurship (SIMSREE) 

• Founded in 1983, the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) is well known not only for its state-of-the-art campus and facilities but also for its top-ranked management courses. 
• Masters of Management Sciences (MMS) course at SIMSREE has a total cost of 1.36 lakhs and the average placement salary is 10.92 lakhs. 
• The pre-placement training includes guest lectures, industrial visits, workshops, seminars, job fairs to train the students for placement.
• For SIMSREE Mumbai placement, the cell maintains relations with industries and acts as a facilitator between the students and corporates

GITAM Hyderabad Business School

• The fee for a 2-year program at GITAM University Hyderabad is INR 9.7 L.
• During the GITAM Business School Hyderabad placements in 2023, the highest package offered to students was INR 32 LPA.
• The average package offered during the same placement drive was INR 4.9 LPA.
• The overall placement rate achieved by the university was 90%.
• Notable recruiters who participated in the GITAM Hyderabad placements 2023 included Mindtree, TATA, Wipro, and other prominent companies

IBS Hyderabad

• The fee for a 2-year program at IBS Hyderabad (ICFAI Business School) ranges from INR 5.25 L to 16.02 L.
• IBS Hyderabad is renowned as one of the leading business schools in the country.
• In the 2023 placement drive, the highest International Salary offered to a student was INR 58.19 LPA.
• The highest Domestic Salary offered during the same placements stood at INR 21 LPA.
• On average, students received a salary of INR 10.42 LPA.
• The placement rate for the 2023 batch was an impressive 95%, with the majority of students securing job offers.

Galgotias University, Noida

• The BBA + MBA program at Galgotias University has a first-year fee of ₹1.1 Lakhs.
• During the Galgotias University Placements in 2023, the highest package offered to a student was INR 44 LPA.
• The average package offered during the same placement drive was INR 5.25 LPA.
• 32% of students received dream job offers, which signifies that they secured highly desirable positions.
• The placements attracted more than 450 recruiters, reflecting a strong interest from the corporate world.
• Prominent companies that participated in Galgotias University Placements 2023 include Cognizant, Wipro, Infosys, DXC, Accenture, and others.

IPE Hyderabad

• The first-year fee for the course at Institute of Public Enterprise (IPE), Hyderabad is ₹4,55,000.
• IPE Hyderabad is currently conducting its Placements for the batch of 2023.
• The highest package offered to a student during the placements stands at INR 24.75 LPA.
• The average package recorded for the same placement drive is INR 7.4 LPA.
• IPE Hyderabad has consistently achieved excellent placements year after year.
• The institute is the preferred choice for top-notch companies from various sectors for talent acquisition.
• Recruiters consider IPE as one of the top B schools in India and actively select its students for pan India requirements.
• Despite the challenges posed by the COVID-19 pandemic, IPE recorded an impressive 90% placement rate and managed to maintain the average package while increasing the minimum CTC for its students.

According to the research conducted by Collegedunia, these are the most lucrative colleges that are currently offering an MBA program in India based on their Return on Investment (ROI). They all hold a considerable reputation and are proclaimed as some of the top institutions in the country. To be duly accessible to all potential talent, these establishments have made sure that they are reasonably inexpensive.

MBA Colleges with Low Fees without CAT