List of 20 Popular MBA Colleges in Maharashtra with Low Fees
Looking for MBA colleges in Maharashtra with low fees? Explore popular MBA colleges with low fee structures yet excellent pedagogy, infrastructure, industry exposure, placement opportunities, and more here!
Popular MBA Colleges in Maharashtra with Low Fees: Before selecting an MBA college, one must consider a variety of aspects, such as teaching expertise, industry exposure, infrastructure, course fees, and placement opportunities, among others. If you are looking for MBA colleges with low fees in Maharashtra, there are so many great options available.
The average MBA fees for colleges like SIMSREE Mumbai is INR 1.34 lakh, SJMSOM, IIT Bombay is INR 1 lakh and BVIMSR Mumbai is INR 4.5 lakh. Graduating from such MBA colleges in Maharashtra can help students get the best theoretical and practical knowledge of business management and grab the best placement and job opportunities in top organizations like Goldman Sachs, Deloitte, HDFC Bank, etc.
Take a read through this article to explore the best MBA colleges with low fees in Maharashtra, along with their fee structure, ROIs offered, career opportunities, and entrance exams accepted.
Also Read:Top Private MBA Colleges in India 2023
List of 20 Popular MBA Colleges with Low Fees in Maharashtra
The top private MBA colleges with low fees in Maharashtra along with their average annual fees have been tabulated below:
Name of Private MBA College | Course Fee (In INR) |
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 1,34,000 |
BVIMSR Mumbai: Bharati Vidyapeeth's Institute of Management Studies & Research | 4,50,000 |
1,99,480 | |
3,30,000 | |
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune | 4,50,000 |
Sancheti Group of Institutions, Pune | 90,000 |
1,53,000 | |
2,31,000 | |
2,02,000 | |
NMIMS Global Access School for Continuing Education (NGA-SCE) | 76,000 |
2,40,000 | |
47,420 | |
4,08,000 | |
8,000 - 2,00,000 | |
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | 50,400 |
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | 1,00,905 |
6,600 | |
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | 63,791 |
Thakur Global Business School - [TGBS], Mumbai | 4,80,000 |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University | 1,32,388 |
Top MBA Colleges with Low Fees in Maharashtra as per NIRF Ranking
The Ministry of Education provides the NIRF rankings of the institutions in India every year based on a number of factors. Candidates seeking the best MBA programmes in Maharashtra may check the top MBA schools in Maharashtra with low fees according to the NIRF rankings.
Name of the College | NIRF Ranking | Total Course Fees (in INR) |
11 | 2,26,000 | |
46 | 9,59,100 | |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | 63 | 2,25,000 (Annual) |
Principal L N Welingkar Institute of Management Development and Research | 68 | 6,50,000 |
MBA Colleges in Maharashtra with Fees Between Rs. 1-5 Lakh
The MBA colleges with low fees in Maharashtra along with their course fee range have been tabulated below:
Course Fee Range | Name of MBA Colleges |
MBA colleges with course fees less than Rs 1 Lakh (about 8%) |
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MBA colleges with course fees between Rs. 1-2 Lakh (around 36%) |
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MBA colleges with course fees between Rs. 2-3 Lakh (around 16%) |
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MBA colleges with course fees between Rs. 3-5 Lakh (around 14%) |
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Prospective students can check the admissions procedures for some of the top MBA colleges with low fees in Maharashtra by referring to the links below:
SIMSREE Mumbai Admissions 2023 | Principal L N Welingkar Institute of Management Development and Research Admissions 2023 |
ROI of MBA Colleges with Low Fees in Maharashtra
ROI (Return on Investment) refers to the profitability a student acquires while enrolling in a certain college or university program. It is the disparity between the investment made to attend a specific MBA programme and the typical salary packages they offer in placement drives. The annual compensation package can be viewed as a return on the student's investment in the course fee. The ROI of the best Maharashtra MBA colleges with affordable tuition is provided below:
Name of Institute | Average Annual Fees (in INR) | Average Package Offered (in INR) | Highest Package Offered (in INR) |
University of Mumbai | 8,000 - 2,00,000 | 5,20,000 - 12,00,000 | 57,65,000 |
Department of Business Management, Nagpur University | 47,420 | 2,80,000 | 6,00,000 |
Department of Management Sciences, Pune University | 1,29,000 - 1,33,000 | 8,01,000 | 15,30,000 |
SIMSREE Mumbai | 1,35,000 | 10,84,000 | 23,24,000 |
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | 50,400 | 25,00,000 | 49,00,000 |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | 4,50,000 | 7,50,000 | 18,10,000 |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University | 1,32,388 | 8,01,000 | 15,30,000 |
Balaji Institute of Management and HRD | 4,80,000 | 5,80,000 | 18,00,000 |
Dr D Y Patil Institute of Technology Pune | 1,99,480 | 6,50,000 | 10,00,000 |
KJ SIMSR Mumbai | 3,30,000 | 10,67,000 | 26,50,000 |
ROI = (Average Placement Package/Average Annual Fees)*100%
MBA Colleges with Low Fees in Maharashtra: Top Recruiters
The institute-wise top recruiters for the top MBA colleges with low fees in Maharashtra have been tabulated below:
Name of the College | Top Recruiters |
Indian Institute of Technology Bombay |
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SIMSREE Mumbai |
|
K. J. Somaiya Institute of Management Studies & Research |
|
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development |
|
Principal L N Welingkar Institute of Management Development and Research |
|
Also Read:MBA Fees for Management Programmes Offered by B-Schools in India
The course fees of the above-mentioned colleges may be affordable, but the biggest advantage is that they provide extraordinary employment possibilities. The University of Mumbai is the best MBA college in Maharashtra, according to the ROI point of view, because it only charges between INR 8,000 and INR 2,00,000 while offering a median package of INR 12,00,000. IIT Bombay and SIMSREE Mumbai are two other universities that offer large ROIs.
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FAQs
What are the average fees of the top MBA colleges in Maharashtra?
The average fees of the top MBA colleges in Maharashtra are approximately INR 6,00,000-7,00,000 for two years. This amount includes only the tuition fee. Other educational expenses such as stationery, project, uniform (if any), and hostel and living expenses are not included. The overall cost to study in top MBA colleges in Maharashtra can average up to INR 7,00,000 annually.
Are there any top MBA colleges in Maharashtra with low fees?
Yes, there are many top colleges in Maharashtra with low fees. The majority of MBA colleges do not charge extremely high tuition fees, it is the course itself that is costlier due to its employability and quality of education. Some of the top colleges in Maharashtra with low fees are Dr. D.Y. Patil Institute of Technology (Pune), University of Mumbai (Mumbai), Indian Institute of Management Bombay (Mumbai), and College of Engineering (Pune).
Which are the best MBA colleges in Maharashtra with low fees?
The best MBA colleges in Maharashtra with low fees are Narsee Monjee Institute of Management Sciences, Hansraj Jeevandas College of Education, Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Bharathi Vidhyapeeth Institute of Management Studies and Research, K.J. Somaiya Institute of Management Studies and Research, and Principal L.N. Welingkar Institute of Management Development and Research.
Are there any government MBA colleges in Maharashtra?
Yes, there are many reputed and internationally recognised government MBA colleges in Maharashtra. Some of them are the Indian Institute of Management Bombay, the University of Mumbai, the College of Engineering Pune, the Department of Management Sciences Pune University, and the Department of Business Management Nagpur University.
Do the top MBA colleges in Maharashtra with low fees offer any scholarships?
Yes, the top MBA colleges in Maharashtra with low fees offer scholarships despite their affordable MBA courses. These scholarships have been approved by the respective administration to honour and award meritorious and exceptionally outstanding students for their hard work and dedication. There are also scholarships and financial aid for students with talent and potential coming from financially backward or challenged backgrounds.
Can I apply for an education loan to study in the top MBA colleges in Maharashtra with low fees?
Yes, you can apply for an education loan to study in the top MBA colleges in Maharashtra with low fees. You simply need to provide an offer letter from the university or business school you have been accepted at. You can avail of an education loan for the amount which goes beyond your finances and scholarships (if any).
Which is the most popular MBA specialisation offered by the best MBA colleges in Maharashtra with low fees?
The most popular MBA specialisations offered by the best MBA colleges in Maharashtra with low fees are Financial Management, International Business, Human Resource Management, Operations Management, Marketing Management, Product Management, Project Management, Supply Chain Management, Retail Management, Information Technology, Entrepreneurship, and Data Analytics.
What is the average placement salary of top MBA colleges in Maharashtra with low fees?
The average placement salary of top MBA colleges in Maharashtra with low fees is ranged between INR 15,00,000-24,00,000. There are many reputed business schools included among the best MBA colleges in Maharashtra with low fees. Their MBA students receive placements offer from national and international companies before graduation. The quality of education and the influx of economic centres are huge driving factors of these placements.
What is the placement rate of top MBA colleges in Maharashtra with low fees?
The placement rate of the top MBA colleges in Maharashtra with low fees ranges from 95%-100%. The best MBA colleges in Maharashtra with low fees, such as IIM Bombay and Dr. D.Y. Patil Institute of Technology, have a placement rate of 100%, that is all of their MBA students nearing graduation get job offers. Some of the top recruiters for these MBA graduates are Amazon, TCS, EY, PwC, Deloitte, Infosys, Accenture, Reliance Industries, Reliance Ltd. Tata Group, Wipro, Godrej, Birla Group, Google, Apple, etc.
Is it worth applying to the top MBA colleges in Maharashtra with low fees?
Yes, it is highly worth applying to the top MBA colleges in Maharashtra with low fees. The state of India is home to the city of Mumbai, which is an international economic centre since the times before independence. Apart from Mumbai, Pune has also been making a mark in being an economic centre of the nation. The opportunities presented to the graduates go beyond the territorial boundaries of India. It is easy to scale one’s income in these cities.