MBA is considered the Golden Passport for a dream career in Corporate World. While preparing for MBA Admissions, you should know the correct MBA Fee in India, and plan for it. MBA College Fees varies widely based on type of B-school and generally increases by 5-7% every year. There are MBA colleges with High fee and Moderate fee but many top MBA colleges with low fee and high placements like FMS Delhi, UBS Chandigarh, SIMSREE Mumbai, PUMBA Pune also exist in India
The present MBA Fee for IIMs ranges from Rs 14 Lakhs to Rs 25 Lakhs and the MBA Fee for Top PGDM B-schools like XLRI, MDI and SPJIMR ranges from Rs 21 Lakhs to Rs 24 Lakhs. So, MBA from most of the Top 10-20 B-schools in India will cost between Rs 14 lakhs and Rs 25+ Lakhs. But if you have lower budget for your MBA Fee, don’t worry. MBAUniverse.com has researched MBA Fee for all Top 200 B-schools and MBA Programs in India and will guide you with latest 2024 MBA Fee details including top MBA colleges with low fees in India.
On this page, you will get following information:
- MBA Fee for Top Private MBA/PGDM Colleges in India with Admission Status
- MBA Colleges in India with Fee Structure
- MBA Fee for IIMs
- MBA Colleges in India with Low Fee
MBA Fee for Top Colleges with Admission Status
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.
|
Institute Name
|
Fees (Rs in Lakhs)
|
Admission Status
|
|
1.92
|
Opening Soon
|
|
|
24.80
|
Open
|
|
|
24.59
|
Opening Soon
|
|
|
24.17
|
Opening Soon
|
|
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23.90
|
Open
|
|
|
21.77
|
Opening Soon
|
|
|
20.42
|
Opening Soon
|
|
|
21.38
|
Opening Soon
|
|
|
6.00
|
Opens in June 2024
|
Source: MBAUniverse.com
MBA Colleges with Fee Structure
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.
|
Institute Name
|
Fees (Rs in lakhs)
|
Admission Status
|
|
19.53
|
Opening soon
|
|
|
17.15
|
Opening soon
|
|
|
BITS Pilani – Deptt of Management (Link to Adm article of BITS Pilani)
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12.00
|
Opening soon
|
|
13.00
|
Opening soon
|
|
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21.30
|
Opening soon
|
|
|
16.50
|
Opening soon
|
|
|
18.31
|
Opening soon
|
|
|
16.15
|
Opening soon
|
|
|
19.95
|
Opening soon
|
|
|
22.58
|
Opening soon
|
|
|
13.00
|
Opening soon
|
|
|
14.56
|
Opening soon
|
|
|
19.10
|
Opening soon
|
|
|
8.15
|
Opening soon
|
|
|
8.70
|
Opening soon
|
|
|
Jaipuria Institute of Management, Lucknow
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12.50
|
Opening soon
|
|
Jaipuria Institute of Management, Noida
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13.50
|
Opening soon
|
|
New Delhi Institute of Management (NDIM) Delhi
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10.60
|
Opening soon
|
|
Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD) Mysore
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11.40
|
Opening soon
|
|
IMS Ghaziabad
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7.95
|
Opening soon
|
|
Loyola Institute of Business Administration (LIBA) Chennai
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15.26
|
Opening soon
|
|
Institute Of Management Technology (IMT) Nagpur
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14.50
|
Opening soon
|
|
Chandragupt Institute of Management (CIMP) Patna
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7.65
|
Opening soon
|
|
SOIL Institute of Management, Gurgaon
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12.90
|
Opening soon
|
|
Bharathidasan Institute of Management (BIM), Tiruchirappalli
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15.60
|
Opening soon
|
|
Jagannath International Management School (JIMS) Kalkaji
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7.95
|
Opening soon
|
|
Xavier Institute of Social Service (XISS) Ranchi
|
8.90
|
Opening soon
|
|
SIES College of Management Studies, Mumbai
|
9.00
|
Opening soon
|
|
IES’s Management College and Research Centre (IESMCRC), Mumbai
|
9.12
|
Opening soon
|
|
12.10
|
Opening soon
|
Source: MBAUniverse.com- Fee may be revised for 2024-26 batch
MBA Fee for IIMs
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.
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Institute Name
|
Fees (Rs.in Lakhs)
|
|
24.61
|
|
|
24.70
|
|
|
25.00
|
|
|
21.75
|
|
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20.50
|
|
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21.17
|
|
|
IIM Mumbai (NITIE Mumbai)
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14.63
|
|
19.50
|
|
|
21.50
|
|
|
21.43
|
|
|
17.30
|
|
|
17.50
|
|
|
17.15
|
|
|
15.93
|
|
|
17.90
|
|
|
19.40
|
|
|
18.25
|
|
|
17.30
|
|
|
16.20
|
|
|
17.00
|
|
|
13.08
|
Source: MBAUniverse.com – Fee may be revised for 2024-26 batch
MBA Colleges with Low Fee
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:
- Low Fee MBA Colleges in India with less than Rs.5 Lakh Fee
- 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:
1. 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
|
Institute Name
|
Fees (Rs in lakhs)
|
|
1.92
|
|
|
2.36
|
|
|
4.05
|
|
|
2.45
|
|
|
1.07
|
|
|
2.56
|
Source: MBAUniverse.com
2. 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.
|
Institute Name
|
Fees (Rs in lakhs)
|
|
Delhi School of Economics (DSE)-Delhi University
|
0.35
|
|
MBA (Financial Markets) University School of Management Studies (USMS) – Guru Gobind Singh Indraprastha University
|
0.60
|
|
University Business School Chandigarh-Panjab University
|
0.70
|
MBA Fee in India: Key Trends
- 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.
