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List of 10 Popular MBA Colleges with Fees Under 5 Lakh

Tiyasa Khanra
Tiyasa KhanraUpdated On: December 20, 2022 05:50 pm IST

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 programmes.

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 MBA programmes. It is a wise choice to enrol in an MBA programme 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 programmes 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 college in India. For a two-year full-time residential MBA programme, 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.

Here, check out a list of the top 10 MBA colleges with fees under 5 lakhs, ROIs offered, and entrance exams accepted. 

Also ReadWhich 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


PGP Media and Entertainment Management

INR 3,00,000

Delhi Technical University (DTU), Delhi


Master of Business Administration

INR 2,79,000

Institute of Management Studies, Banaras Hindu University


MBA in International Business

INR 98,888

Ambedkar University, Delhi

AUD MBA Entrance Test


INR 3,00,000

Faculty of Management Studies (FMS), Delhi University


Master of Business Administration

INR 1,94,000

Tata Institute of Management Studies (TISS), Mumbai


MBA in Human Resource Management and Labor Relations

INR 2,38,000

Department of Financial Studies, Delhi University


MBA in Financial Management

INR 1,51,000

Christ University, Bangalore


Master of Business Administration

INR 3,10,000

Birla Institute of Technology and Science (BITS), Pilani


MBA in Business Analytics

INR 5,08,000

MIT Pune-MIT World Peace University



INR 3,50,000

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 FinanceSupply Chain Management 
Sales and MarketingRetail Management
Business AnalyticsAgriculture and Food Business
International BusinessOperations Management
Human Resource ManagementTourism 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 enrol in a particular MBA programme 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)

University of Mumbai

8,000 - 2,00,000

5,20,000 - 12,00,000


Faculty of Management Studies (FMS), Delhi University




Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai








Christ University, Bangalore




The ICFAI University, Dehradun




PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University




Vels Institute of Science, Technology & Advanced Studies, Chennai

1,75,000 to 2,10,000



Delhi Technical University (DTU), Delhi








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:


Asian Paints



Aditya Birla Group

Tata Consultancy Services

Hindustan Unilever


Yes Bank

Kotak Mahindra Bank







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.


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. 


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