List of 10 Popular MBA Colleges with Fees Under 5 Lakh
In order to assist you in making the best MBA admission decision, this article analyzes popular MBA colleges with fees under 5 lakhs that offer full-time MBA/PGDM programs. Check out the popular MBA colleges mentioned here before you finalize your decision for admission!
MBA Colleges with Fees Under 5 Lakh: In response to the increased demand for graduates and postgraduates who can competently analyze, examine, and manage expanding enterprises, many respectable universities have introduced affordable yet top-quality Master of Business Administration (MBA) programs. It is a wise choice to enroll in an MBA program at a B-School in India that offers affordable courses with fees under 5 lakhs. Additionally, these colleges work in partnership with top MNCs to offer students outstanding industrial training programs and opportunities for job placement in a variety of industries.
There are a few top-notch institutions in India with excellent faculty and facilities, offering MBA courses with affordable tuition. Major cities like Mumbai, Delhi, Gujarat, and Kolkata are home to the top MBA colleges in India. For a two-year full-time residential MBA program, these MBA colleges charge fees in the range of Rs. 50,000 to Rs. 10 Lakhs, which is significantly less than other prominent MBA colleges like IIMs, XLRI, MDI, and SPJIMR, having a fee structure between Rs. 17 lakhs and Rs. 24 lakhs. Additionally, government colleges charge less than private MBA institutions and another option to get an affordable MBA degree is to take up an EMBA course.
Here, check out a list of the top 10 MBA colleges with fees under 5 lakhs, ROIs offered, and entrance exams accepted.
Also Read: Which Is Better: MBA After Graduation or After Work Experience
List of 10 Popular MBA Colleges with Fees Under 5 Lakhs
The table provided below contains the top MBA Colleges in India with fees under 5 lakhs:
Name of the College | Entrance Exams Accepted | Course Name | Course Fees |
Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai | CAT/XAT/ATMA/GMAT/CMAT | PGP Media and Entertainment Management | INR 4,00,000 |
CAT | Master of Business Administration | INR 2,90,000 | |
CAT | MBA in International Business | INR 99,288 | |
AUD MBA Entrance Test | MBA/PGDM | INR 3,00,000 | |
CAT | Master of Business Administration | INR 1,94,000 | |
MBA in Human Resource Management and Labor Relations | INR 1,85,000 | ||
CAT | INR 1,51,000 | ||
CAT/ MAT/CMAT/ GMAT/ GRE/ ATMA & XAT | Master of Business Administration | INR 4,75,000 | |
CAT / XAT/ GMAT | INR 5,08,000 | ||
CAT/XAT/NMAT/GMAT/CMAT/ATMA/MAH MBA CET/PERA/MAT | MBA | INR 4,55,000 |
Also Read:Top 10 MBA Colleges in Mumbai with Low Fees
MBA Specializations Offered in MBA Colleges with Fees Under 5 Lakhs
The MBA specializations offered by top colleges with low fees in India include the following:
| Banking and Finance | Supply Chain Management |
| Sales and Marketing | Retail Management |
| Business Analytics | Agriculture and Food Business |
| International Business | Operations Management |
| Human Resource Management | Tourism Management |
ROI of MBA Colleges with Fees Under 5 Lakhs
Return on Investment (ROI) is the term used to describe the profit a student makes from attending a certain institution or university. It is the difference between the financial investment required to enroll in a particular MBA program and the average salary packages made available during placement drives. Below is a list of the best MBA schools with tuition under 5 lakhs and the ROIs offered by them.
Name of the Institute | Average Annual Fees (in INR) | Average Package Offered (in INR) | Highest Package Offered (in INR) |
8,000 - 2,00,000 | 5,20,000 - 12,00,000 | 57,65,000 | |
Faculty of Management Studies (FMS), Delhi University | 1,94,000 | 34,10,000 | 1,23,00,000 |
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai | 3,04,000 | 28,02,000 | 35,75,000 |
SIMSREE Mumbai | 1,35,000 | 10,97,000 | 19,00,000 |
Christ University, Bangalore | 2,40,000 | 6,00,000 | 21,46,000 |
1,28,000 | 6,33,000 | 23,00,000 | |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University | 1,32,388 | 8,01,000 | 15,30,000 |
Vels Institute of Science, Technology & Advanced Studies, Chennai | 1,75,000 to 2,10,000 | 6,60,000 | 8,00,000 |
2,79,000 | 6,40,000 | 18,00,000 | |
3,30,000 | 10,67,000 | 26,50,000 |
ROI = (Average Placement Package/Average Annual Fees)*100%
Top MBA Recruiters for Colleges with Fees Under 5 Lakhs
The most eminent recruiters for MBA graduates from MBA colleges with fees under 5 lakhs have been mentioned in the table below:
Accenture | Asian Paints |
Capgemini | Amazon |
Aditya Birla Group | Tata Consultancy Services |
Hindustan Unilever | ICICI Bank |
Yes Bank | Kotak Mahindra Bank |
Apple | E&Y |
Microsoft | Deloitte |
Samsung | HSBC |
Candidates will achieve international recognition in the business community and be able to pursue lucrative and demanding employment prospects on a global scale if they graduate from a reputable Indian university. The inclusion of entrepreneurship education in the curriculum has grown in importance as a means of assisting students in transitioning from being job searchers to employment providers. Reputable institutions have significant networks of alumni who have been employed by prestigious companies all over the world.
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FAQs
Is there any MBA college with fees under 5 lakhs?
Yes, there are several MBA colleges with fees under 5 lakhs. Though MBA is a costly course with a high tuition fee, some colleges do offer affordable tuition fee rates to students. The demand for MBA courses has led these universities to introduce affordable MBA programmes.
Are the MBA colleges with fees under 5 lakhs good?
Yes, the MBA colleges with fees under 5 lakhs are good. Students should not assume that as low fees are being charged, the quality of education will not be up to the mark. These MBA colleges offer quality training to students and have links with the industry that ensure students have good career prospects after graduation.
Which Indian cities have MBA colleges with fees under 5 lakhs?
Several Indian cities have MBA colleges with fees under 5 lakhs. The cities include Delhi, Mumbai, Kolkata, Bangalore and Gujarat. The institutes charge lower fees than the reputed IIMs. Among these MBA colleges, most of them are government institutes and therefore offer MBA programmes at reasonable rates.
What are the top MBA colleges with fees under 5 lakhs?
The top MBA colleges with fees under 5 lakhs are Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai, Delhi Technical University, Institute of Management Studies, Benaras Hindu University, Faculty of Management Studies, Delhi University and Tata Institute of Management Studies, Mumbai.
What are the entrance exams accepted at MBA colleges with fees under 5 lakhs?
The entrance exams that are accepted at MBA colleges with fees under 5 lakhs are CAT, MAT, XAT, SNAP, ATMA, GMAT, CMAT, AUD MBA entrance test, PERA and MAH MBA CET. These exams are important to get admission to prestigious MBA colleges and students must score a good percentile to get admission easily.
Are IIMs MBA colleges with fees under 5 lakhs?
No, IIMs are not included in MBA colleges with fees under 5 lakhs. IIMs charge fees between INR 10,00,000 to 23,00,000 depending on the location. IIM Kashipur charges the lowest fee of INR 7,31,500 while IIM Banglore charges the highest, that is, 23,00,000 for the entire 2 years course.
Is Christ University Banglore an MBA college with fees under 5 lakhs?
Yes, Christ University Bangalore is an MBA college with fees under 5 lakhs. The tuition fee to study in the university for students who reside in Karnataka is INR 4,20,000. The students outside Karnataka will have to pay INR 4,30,000. The foreign nationals will have to pay a fee between USD 7,500 and USD 8,000.
What is the average package offered at MBA colleges with fees under 5 lakhs?
The average package offered at MBA colleges with fees under 5 lakhs is between INR 6,00,000 and INR 10,00,000. Eligible students were offered packages of more than INR 25 lakhs. The salaries accelerate as soon as the students increase their skills and gain experience.
Who are the top recruiters at MBA colleges with fees under 5 lakhs?
The top recruiters at MBA colleges with fees under 5 lakhs are Accenture, Capgemini, Hindustan Lever, Aditya Birla Group, Microsoft, Samsung, HSBC and Kotak Mahindra Bank. The return on investment after studying at these colleges is high as the tuition fees are low and the remunerations are attractive. Students can get the costs incurred covered in a year.