Cheapest Online MBA in India

Cheapest online MBA in India is becoming the top choice for many who want to earn a valuable degree without spending a fortune. With the rising costs of higher education, students and working professionals are searching for affordable options that do not require quitting jobs or taking huge loans. India offers numerous government-recognised online MBA programs priced well below one lakh rupees, making quality education accessible to all.

These courses stand out by providing flexibility, allowing you to study at your own pace from anywhere in India. Whether you are a recent graduate eager to boost your career or a professional aiming for leadership roles, online MBA programs offer a convenient and cost-effective path. Today, you can find the perfect balance of affordability, credibility, and student-friendly experience. Explore your options carefully and pick the best program that suits your needs and budget. For those seeking value without compromise, the cheapest online MBA in India is a smart, practical choice.

Also Read: Will Traditional MBA Degrees Lose Their Value in 2026?

Let's explore some of the top and cheapest online MBA options in India that are available for aspirants:

#1 IGNOU Online MBA

Indira Gandhi National Open University (IGNOU) provides a well-regarded Online MBA program approved by both the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE). This course lasts for two years, divided into four semesters, with an option to extend up to four years if needed. Designed to deliver a thorough business education through online classes, IGNOU’s program stands out as one of the most affordable options available, making it one of the cheapest online MBAs in India.

Fees: The total fee is just 62,000 INR for the entire two-year course, which breaks down to 15,500 INR per semester, boosting its popularity among students nationwide.

Eligibility Criteria: To join, candidates must hold a bachelor’s degree with at least 50% marks (45% for reserved categories) or professional qualifications such as CA, ICWA, CS, or an AICTE-approved PG Diploma in Management with a minimum of 50%. This makes IGNOU a practical and accessible choice for many aspiring managers.

#2 Jain University Online MBA

Jain University offers a 2-year Online MBA program perfect for working professionals and learners wanting flexible study options. This program, approved by AICTE, focuses on current industry demands and includes various specialisations taught by experienced faculty. The fully online format allows students to study at their own pace, balancing work and education easily. The course covers essential management skills and deeper knowledge through case studies, virtual simulations, and practical business examples.

​​​Fees: The total fee for the program ranges from INR 1,96,000 to 2,16,000 depending on the specialisation. Semester fees for standard specialisations are around INR 49,000.

Eligibility Criteria: To apply, candidates need a bachelor’s degree from a recognised university with at least 50% marks (slight relaxation for SC/ST). Even final-year students can apply. While work experience is not required, it may be valued for some elective subjects.

#3 DY Patil University's Online MBA

DY Patil University provides one of the cheapest online MBA programs in India, designed especially for working professionals aiming to boost their careers. This program is approved by UGC, AICTE, and NAAC, ensuring high standards and credibility. Students can choose from over 15 specialisations, such as Digital Marketing, International Business, Business Analytics, and others that align with current market needs. The course offers a flexible learning approach with live and recorded classes, giving students the freedom to study anytime, anywhere. Graduates from this program enjoy strong placement opportunities, with the highest salary package reaching around INR 21 lakh per annum and an average package of INR 7 lakh.

​​​Fees: The total fee for the two-year MBA course is INR 1,89,400, with easy payment options like semester-wise fees and EMI plans through top banks.

Eligibility Criteria: To join, candidates must hold a bachelor’s degree with at least 50% marks for the general category and 45% for reserved categories.

Also Read: What Makes a Good MBA Candidate?

#4 Shoolini University Online MBA

Shoolini University offers one of the cheapest online MBA programs in India, perfect for those aiming to build strong business skills and grow as future leaders. This program focuses on sharpening your analytical, strategic, and leadership abilities. It is fully accredited by top bodies like UGC, NAAC A+, AICTE, and ranks well in NIRF, ensuring quality education you can trust. Students get the flexibility to pick both a Major and a Minor specialisation from diverse fields like Marketing, Finance, Human Resource Management, and Digital Marketing.

Fees: The fees range from around INR 1.5 to 2 lakhs, making it affordable. Plus, Indian students benefit from a unique "Pay after Placement" option—pay a small part upfront, and the rest once you land a job.

#5 Hindustan Online Centre for Open and Digital Education (CODE) Online MBA

Hindustan Online, known as CODE (Centre for Open and Digital Education), is an initiative by the Hindustan Institute of Technology and Science (HITS) that offers flexible online learning. It features one of the cheapest online MBA programs in India, tailored specifically for working professionals and anyone looking to boost their career. This two-year program is approved by UGC-DEB and provides students the chance to specialise in fields like Finance, Marketing, Human Resource Management, Analytics and Data Science, FinTech, among others. The course focuses on practical learning through real-world projects and case studies, ensuring that students gain skills directly relevant to today’s industry demands. With a global outlook, CODE’s MBA lets students develop a broad perspective while advancing their knowledge.

Fees: The total fee for one of the cheapest online MBA in India is INR 120,000 for Indian students. Payments can be made in instalments either semester-wise at INR 30,000 per semester or annually at INR 60,000 per year over two years.

Eligibility Criteria: To be eligible, candidates need a Bachelor’s degree with at least 50% marks (45% for SC/ST) from a recognised university. Admissions do not require any entrance exam, making it even more accessible for learners.

Also Read: Distance MBA in India in 2025

Tips on Choosing the Best Online MBA Program in India

• When searching for the cheapest online MBA in India, prioritise programs accredited by UGC and AICTE , as these ensure quality and recognition. NAAC accreditation adds extra credibility.
• Consider the course curriculum carefully. Choose specialisations like Analytics, Human Resources, or Fintech that align with your interests and career goals for maximum engagement and growth.
• Flexibility is key for working professionals. Opt for self-paced or mostly online programs from reputed universities such as IGNOU, Jain, or DY Patil, which balance work and study effectively.
• Student support matters a lot. Programs offering career counselling, strong alumni networks, and placement assistance tend to provide better value and help build a lasting network.
• Brand reputation influences future opportunities. Well-known names like IGNOU, Shoolini, Jain University and more often have better industry recognition, which can boost your resume.
• Many MBA graduates emphasise the importance of course quality combined with affordability. Balanced choices lead to rewarding career growth without breaking the bank.

Also Read:

Fill out the Common Application Form (CAF) in case you need personalised guidance in your MBA admissions journey. If you have any questions, visit our CollegeDekho Q&A Zone or call our toll-free helpline number 18005729877 for live expert support.