Top MBA Colleges in India with Low Fees: The
Lowest Fee MBA colleges are the high RoI Management Institutes
Choosing the right MBA college is a critical decision for any aspiring business leader. With rising education costs, students are increasingly seeking top MBA colleges in India with low fees that also provide a strong return on investment (RoI). For those with dreams of a successful career in management without wanting to incur massive student debt, India has a number of prestigious institutes offering affordable MBA programs. These colleges provide high-quality education, excellent placements, and industry exposure, all while maintaining low tuition fees.
1. FMS, University of Delhi – A Legacy of Excellence
One of the most prominent names in Indian business education, Faculty of Management Studies (FMS), Delhi is renowned for providing an excellent MBA program at a fraction of the cost compared to private institutions. With a fee structure of just INR 25,000 annually, it stands out as a beacon for students seeking a low-cost yet highly impactful business education. The placement record at FMS is stellar, with average salary packages ranging from INR 23-30 LPA (lakhs per annum), making it one of the top choices for students across India. Its strong alumni network, close industry ties, and excellent faculty further bolster its reputation. The combination of low fees and high salaries after graduation ensures that FMS offers an unbeatable RoI.
2. JBIMS, Mumbai – The Finance Hub of India
Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai, popularly known as the "CEO Factory," has consistently been ranked among the top MBA colleges in India. Located in the financial capital of India, JBIMS offers unparalleled industry exposure, particularly in finance. With a fee of approximately INR 6-8 lakhs for the entire course, JBIMS provides an MBA with excellent RoI. The institute has a history of producing top business leaders, and its placement packages often exceed INR 20 LPA. The central location, legacy of excellence, and strong corporate connections make JBIMS a preferred choice for management aspirants looking for affordable education.
3. TISS, Mumbai – A Social Science Approach to Management
For students interested in social entrepreneurship, human resources, or public policy, Tata Institute of Social Sciences (TISS), Mumbai, offers an excellent Master's in Human Resource Management and Labour Relations at a very low cost. The total fees range between INR 1-2 lakhs, making it one of the most affordable programs in India for those specializing in HR.
TISS has a unique focus on social responsibility and provides students with the tools to drive change within organizations. The placement packages for HR graduates range from INR 18-22 LPA, and the institute's unique curriculum sets it apart from traditional MBA programs. This blend of affordability, purpose-driven education, and solid placement outcomes make TISS a sought-after institute for future HR leaders.
4. DMS, IIT Delhi – Technology Meets Management
The Department of Management Studies (DMS), IIT Delhi, offers an MBA program that blends technical expertise with managerial acumen. With a fee structure of INR 10-12 lakhs for the entire course, DMS IIT Delhi stands out as an affordable option for those looking for a tech-oriented MBA.
The average placement packages at DMS are in the range of INR 18-25 LPA, and students benefit from the institute's strong reputation in technology, innovation, and research. The interdisciplinary approach at IIT Delhi's management school ensures that graduates are well-equipped for roles in tech-driven industries.
5. NITIE, Mumbai – The Industrial Management Pioneer
National Institute of Industrial Engineering (NITIE), Mumbai, offers a world-class education in operations and supply chain management. Known for its focus on industrial and systems management, NITIE's programs are highly respected in the business community.
With a fee structure of INR 12-14 lakhs, it offers great value considering the average salary packages of INR 20-27 LPA. NITIE's strategic location in Mumbai, along with its specialization in operations, makes it one of the best RoI MBA colleges in India.
Corporate Connections and Academic Rigor
Management Development Institute (MDI), Gurgaon, is another premier business school that offers an MBA program with strong RoI. The fees are slightly higher compared to others on this list, ranging between INR 20-22 lakhs, but the institute makes up for it with its placement statistics, where the average package stands at INR 23-27 LPA. MDI’s close proximity to Delhi-NCR ensures that students are regularly exposed to corporate leaders, internships, and live projects, all of which boost employability. If you are looking for a high-quality education in one of the most vibrant business ecosystems in India, MDI Gurgaon should be on your list.
7. SIMSREE, Mumbai – Government Affiliated and Affordable
Another top choice for students looking for low-cost MBA programs in India is the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai. Affiliated with the University of Mumbai, SIMSREE offers an affordable MBA with fees of approximately INR 1.5-2 lakhs. With placement packages ranging from INR 10-15 LPA, SIMSREE ensures that students can pursue their MBA dreams without breaking the bank. The institute has a strong reputation for its finance and marketing programs and offers an excellent RoI for students.
8. PUMBA, Pune – Affordable Education in a Thriving City
Pune University MBA (PUMBA) is another great option for students seeking low-cost MBA colleges in India. The total fee structure for the two-year program is approximately INR 1-1.5 lakhs, making it one of the most economical MBA programs in the country. PUMBA offers specializations in marketing, finance, operations, and HR, and its placement packages range between INR 6-12 LPA. For students seeking quality education in a growing industrial city like Pune, PUMBA provides the perfect balance of affordability and academic excellence.
MBA Colleges Program Fee
Faculty of Management Studies (FMS) Delhi –
University of Delhi
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Department of Management Studies, Indian Institute of Technology, Delhi
1.94 Lakh
34.1 Lakh
6.0 Lakh
27.63 Lakh
10.40 Lakh
25.82 Lakh PUMBA, Pune
1.34 Lakh
8.10 Lakh SIMSREE, Mumbai
DR B R
AmbedkarUniversity, Delhi
Delhi School of Economics, Delhi University
3.0 Lakh
6.0 Lakh
30,000
14.0 Lakh
Tata Institute of Management Studies (TISS), Mumbai
Department of Commerce Faculty of Commerce and Business
1.14 Lakh
27.22 Lakh
30K
9.02 Lakh