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List of 10 Popular MBA Colleges with Fees Under 10 Lakh

Tiyasa Khanra
Tiyasa KhanraUpdated On: December 22, 2022 08:37 pm IST

If you are aspiring to seek admission to the top affordable MBA colleges in India, you can refer to the article given below and find the 10 most popular MBA colleges with fees under 10 lakh. 

Top MBA Colleges With Fees Under Rs. 10 Lakhs

One must take into account a number of factors when choosing an MBA college, including teaching experience, exposure to the industry, infrastructure, pedagogy, hostel accommodations, course fees, and employment prospects, among others. MBA programmes offered by universities and government colleges have affordable tuition, however, those same programmes at private institutions are more expensive. For instance, if an MBA college offers a programme that requires candidates to spend a semester or some period of time studying abroad, the course fee for that institute will be high. On the contrary, if the government is funding the MBA institute, the fees will be minimal. There are several excellent options accessible if you're seeking MBA colleges in India with affordable tuition.

An individual with an MBA degree usually has access to a wider range of career options and job profiles. Pursuing an MBA from one of the top business schools means a better job role, a higher position and better promotion. High Return on Investment MBA programmes is offered by top MBA universities in India with fees under Rs.10 lakhs. Among the top business schools in India that provide inexpensive MBAs are FMS, JBIMS, SIMSREE, PUMBA, UBS, USMS, and SRM. Compared to many of the more expensive MBA universities, they charge fees for the entire MBA programme that range from Rs.50,000 to Rs. 10 Lakhs.

This article provides a list of 10 popular MBA colleges in India with fees under 10 lakh, along with ROIs offered and the entrance exams accepted. Take a look!

List of 10 Popular MBA Colleges with Fees Under 10 Lakh

The table provided below contains the top MBA Colleges in India with fees under 10 lakh:

Name of College

Entrance Exams Accepted

Course Name

Course Fees (in INR)

IIT Delhi - Department of Management Studies

CAT

MBA in Telecommunication Systems Management

9,60,000

Symbiosis Centre for Management and Human Resource Development, Pune

SNAP

MBA

8,13,000

IIT Bombay - Shailesh J. Mehta School of Management

CAT

MBA

10,08,000

BITS-Pilani

Business Analytics Aptitude Test (BAAT)/CAT/XAT/GMAT

MBA

9,49,000

NITIE-Mumbai

CAT/GATE/GMAT/GRE

PGD Industrial Safety and Environmental Management

7,62,000

IIT Madras - Department of Management Studies

CAT/XAT

MBA

6,89,000

IIT Roorkee

CAT

MBA

6,23,000

IIT Kharagpur-Vinod Gupta School of Management

CAT

MBA

6,19,000

MIT Pune-MIT World Peace University

CAT/XAT/NMAT/GMAT/CMAT/ATMA/MAH MBA CET/PERA/MAT 

MBA

3,50,000

ASM’s Institute of Business Management and Research (IBMR)

CAT/CMAT/MAH MBA CET

  • Masters in Business Administration
  • PGDM Dual Specialization
  • PhD in Management

4,80,000

By referring to the links below, prospective students can learn more about the admissions process at some of the best MBA colleges in India with affordable tuition:

MBA Colleges with Fees Under 10 Lakh: Branch-Wise

The top colleges with fees under Rs. 10 Lakhs offering supreme quality programs in different specializations have been mentioned below:

Colleges Offering MBA in Human Resource Management

Colleges Offering MBA in Finance

Colleges Offering MBA in Business Analytics

MBA Colleges with Fees Under 10 Lakhs Cutoff

Different MBA/PGDM colleges with fees under Rs.10 lakhs have different cutoff scores and admissions requirements. The chart below shows the cutoff for admission to a variety of India's top MBA programmes with fees under Rs.10 lakhs.

Name of the MBA College

Exams Accepted

Cutoff Percentile

Xavier School of Management, XLRI Jamshedpur

XAT/ GMAT/ GRE/ IIFT/ MICAT/ TISSNET/ IBSAT

95+

Faculty of Management Studies, Delhi

CAT

97.5+

S P Jain Institute of Management and Research, Mumbai

GMAT/ NMAT/ CAT/ XAT

97+

Shailesh J Mehta School of Management, IIT Bombay

CAT

98+

Jamnalal Bajaj Institute of Management Studies, Mumbai

MAH CET/ CMAT/ CAT/ GMAT

97+

SIBM, Pune

SNAP

97+

SCMHRD, Pune

SNAP

95+

Department of Management Studies, IIT Delhi

CAT

96+

Vinod Gupta School of Management, IIT Kharagpur

CAT/ GMAT

90+

K J Somaiya Institute of Management Studies and Research, Mumbai

CAT/ XAT/ GMAT/ CMAT/ NMAT

87+

ROI of MBA Colleges with Fees Under 10 Lakhs

A ratio between profitability acquired and investment is known as Return on Investment. A high ROI indicates that the returns on the investment outweigh the costs. ROI is used to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments. Below is a list of the best MBA schools with tuition under Rs. 10 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)

NIIT University

5,25,000 – 10,67,000

9,08,000

24,98,000

Department of Financial Studies (DFS), DU

48,000

13,80,000

20,80,000

Faculty of Management Studies (FMS), Delhi University

1,94,000

26,40,000

58,00,000

IIT Delhi - Department of Management Studies

8,80,000

18,50,000

33,80,000

Symbiosis Centre for Management and Human Resource Development, Pune

8,13,000

15,00,000

32,80,000

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

3,04,000

18,91,000

44,00,000

SIMSREE Mumbai

1,35,000

10,84,000

23,24,000

BITS-Pilani

8,04,000

11,68,000

31,86,000

PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University

1,32,388

8,01,000

15,30,000

IIT Kharagpur-Vinod Gupta School of Management

6,19,000

19,36,000

31,89,000

ROI=(Average Placement Package/Average Annual Fees)*100%

Top Recruiters for MBA Colleges with Fees Under 10 Lakhs

The institute-wise top recruiters for the top MBA colleges with fees under lakhs have been tabulated below:

Name of the College

Top Recruiters

Faculty of Management Studies (FMS), Delhi University

  • Aditya Birla Group
  • Accenture
  • BYJU's
  • Capgemini
  • EY
  • Adobe
  • Adani Group
  • Boston Consulting Group

K. J. Somaiya Institute of Management Studies & Research

  • Accenture
  • Vodafone
  • Dell
  • Axis Bank
  • Puma
  • Amazon

Principal L N Welingkar Institute of Management Development and Research

  • Morgan Stanley
  • Citi Group
  • Abbott
  • Oracle
  • Nestle
  • Cognizant Technology Solutions

Also Read:Best ROI MBA Colleges in India 2022: Fees, Average Salary, Highest Salary

If candidates graduate from a prestigious Indian university, they will gain recognition in the business sector on a global scale and be able to seek lucrative and challenging work opportunities. The importance of including entrepreneurship education in the curriculum is that it helps students make the transition from job seekers to employers. Recognized institutions have substantial networks of graduates who have gone on to work for eminent organizations all across the world.

Related Articles:

List of MBA Colleges in Pune Accepting Low SNAP ScoreTop 20 MBA Colleges in North India 2022: Courses, Exams & Fees
Top 10 MBA Colleges in Mumbai with Fees Less Than 10 LakhsTop Private MBA Colleges in India 2022: Fees, Eligibility, Entrance Exams, Courses

FAQs

Which are the top private MBA colleges in India with fees under 10 lakhs?

Apart from IIMs and other government-led institutions, there are many other private MBA colleges and B-Schools for aspirants to pursue MBA under 10 lakhs. Some of these MBA colleges with fees under 10 lakhs are Symbiosis Institute of Business Management in Bangalore, Jamnalal Bajaj Institute of Management Studies in Mumbai, Birla Institute of Technology and Science (BITS) Pilani, Symbiosis Centre for Management and Human Resource Development in Pune, Amity University Gwalior, KIIT School of Management in Bhubaneswar, Christ University Bangalore, and more. 

Which are the top private MBA colleges in India with fees under 10 lakhs?

Apart from IIMs and other government-led institutions, there are many other private MBA colleges and B-Schools for aspirants to pursue MBA under 10 lakhs. Some of these MBA colleges with fees under 10 lakhs are Symbiosis Institute of Business Management in Bangalore, Jamnalal Bajaj Institute of Management Studies in Mumbai, Birla Institute of Technology and Science (BITS) Pilani, Symbiosis Centre for Management and Human Resource Development in Pune, Amity University Gwalior, KIIT School of Management in Bhubaneswar, Christ University Bangalore, and more. 

List of 10 Popular MBA Colleges with Fees Under 10 Lakh

No, the overall IIM Bangalore fees for the MBA/PGP programme are around INR 24,50,000. MBA costs at IIM Bangalore will cover tuition, internet, library, dormitory accommodation, and other expenses. Students will be expected to pay the caution deposit and mess in advance, in addition to the IIM Bangalore fees. Having said that, IIMB provides financial help and scholarships to shortlisted students for the MBA/PGP programme based on the CAT scores. 

Is it possible to study MBA in an IIM for under 10 lakhs?

Every MBA student wishes to begin his or her career in business and management by studying at an IIM. Having said that, as prestigious as it is to study and graduate from an IIM institute, it leaves a significant financial hole in the graduates' pockets. Sadly, there are no IIMs in India where hopefuls can pursue MBA under 10 lakhs. MBA tuition ranges between INR 12 lakhs and INR 27 lakhs for candidates.

Which are the top MBA colleges in Hyderabad with fees under 10 lakhs?

MBA is a very popular course when it comes to postgraduate degrees and in the race to being the finest university, leading MBA colleges in Hyderabad have been coming out with options under 10 lakhs also for aspirants to choose from. Some of the best options for an MBA under 10 lakhs in Hyderabad are BRAOU Hyderabad - Dr BR Ambedkar Open University, Manage Hyderabad - National Institute of Agricultural Extension Management, Chaitanya Bharathi Institute of Technology, Vardhaman College of Engineering, MRCET Hyderabad, Vishwa Vishwani Institute of Systems and Management, and St Anns College for Women.

Which are the top MBA colleges in Ahmedabad with fees under 10 lakhs?

Ahmedabad is home to some of the best MBA programs. It has roughly 70 management colleges that provide up to 432 courses.  Among those, MBA colleges and institutes like Ahmedabad University, Shanti Business School (SBS), Institute of Management at Nirma University, LJ Institute of Engineering and Technology, Institute of Management, Indus University, Adani Institute of Infrastructure Management (AIIM), ICFAI Business School (IBS), MICA-The School of Ideas are among the top options for aspirants for pursuing an MBA under 10 lakhs.

Which are the top MBA colleges in Pune with fees under 10 lakhs?

Some of the top cheap MBA colleges under 10 lakhs in Pune are spread across the city so it is convenient for students to opt for one. PUMBA Pune, MITCON Institute of Management, AISSMS Institute of Management, Bharati Vidyapeeth, Dr D.Y. Patil Institute of Management and Entrepreneur, Institute of Science’s Institute of Business Management & Research and Trinity Institute of Management and Research are a few prominent examples of such MBA colleges that are offering MBA degrees under 10 lakhs. 

Which are the top MBA colleges in Bangalore with fees under 10 lakhs?

Many top MBA colleges in Bangalore are known to have some of the most affordable MBA programmes for aspirants under 10 lakhs. Some of these universities are Dr Ambedkar Institute of Technology, Bangalore University, BMS College of Engineering, Jain University, Department of Management Studies at Indian Institute of Science, Presidency College, DSCE Bangalore and more.

Which are the top MBA colleges in Delhi with fees under 10 lakhs?

There are several top MBA colleges in Delhi including both Public/Government and Private institutions where aspirants can pursue MBA for under 10 lakhs. Management Education and Research Institute, Jamia Hamdard, JMI New Delhi, FMS Delhi, IGNOU Delhi, Department of Commerce at the University of Delhi and DIPSAR New Delhi are among many institutes for budget-friendly and low-cost MBA programmes. 

Which are the top MBA colleges in Mumbai with fees under 10 lakhs?

Some of the top business schools and colleges in Mumbai for MBA with fees under 10 lakhs for aspirants are KJ Somaiya Institute of Management, Prin LN Welingkar Institute of Management Development and Research, IES Management College and Research Centre, IIT Bombay: Shailesh J Mehta School of Management, TISS Mumbai, CIMR Mumbai, SIES College of Management Studies and SIES School of Business Studies, and more. 

Is it possible to pursue an MBA degree in India for under INR 10 lakhs?

Yes, absolutely. MBA and management aspirants can think of pursuing an MBA degree in India for under INR 10 lakhs. They can find a plethora of options (especially government colleges and business schools) where they can pursue an MBA degree for around or less than INR 10 lakhs. Some of the colleges that have the best ROI and low tuition fees are FMS Delhi, TISS Mumbai, JBIMS  Mumbai, DMS OF IITs (especially IIT Delhi) and more. 

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