11 Cheapest Colleges to Study MBA Course in India

11 Cheapest Colleges to Study MBA Course in India

India is a great place for students who are looking for affordable and quality higher education. With a rise in demand for graduates and postgraduates (administrators) who can efficiently understand, evaluate and run the growing businesses, many good colleges have come up with cheap yet quality courses in MBA. Metropolitan cities such as Mumbai, Delhi, Gujarat, and Kolkata happen to have some really good yet affordable MBA colleges with good faculty and outstanding facilities in India.

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Why You Should Think About Top Cheap MBA Colleges in India

The purpose of an MBA course is to create leaders in the field of Business Management. But pursuing some of these MBA programs in big institutions such as IIMs, XLRI, MDI, and NMIMS in India can be really expensive. Some of these courses are designed with a lot of intricate details to ensure the overall grooming of the students, so they are capable of negotiating, critical thinking, ethics, teamwork and time management. There are various MBA streams from which students can opt their specialization, such as Business Analytics, General Management.

Popular MBA Examinations

CAT

MAT

GMAT

CMAT

XAT

NMAT

ATMA

MAH CET

MBA Eligibility Criteria

Eligibility criteria to seek admission in any of the MBA colleges is more or less the same. Students have to basically complete their bachelor's from any stream before applying to the MBA colleges. Moreover, many of the top MBA colleges prefer students who have at least two or three years of work experience. The general eligibility criteria to get admission into any of the top cheap MBA colleges in India is mentioned below: -

  • The students must have completed their education in 10+2+3 pattern or in 10+2+4 pattern.

  • In their undergraduate studies, candidates must have scored around 50% aggregate marks (45% for reserved categories).

  • Their undergraduate degree has to be from the institution which is recognized by the UGC Act.

  • Candidates who have completed their undergraduate and postgraduate education from an open university or through correspondence must have done so from the universities which are recognized by the law. Also, they are exempted from the above pattern. Their degree program should be of 3+2 years.

Top cheapest colleges to Study MBA in India

Students are taught well the basics and advanced topics in the field and are groomed to become world leaders in the future. Some of the top cheap MBA colleges in India are spread across the states so that the students can make a choice at their convenience, and they do not have to move around and look for colleges and courses in other states.

Here is a list of top cheap MBA colleges in India, along with their course fees: -

Name of the college

Course fees

(in Rs.)

FMS, Delhi

Rs. 0.20 lakhs

Department of Financial Studies (DFS), DU

Rs. 0.48 lakhs

Delhi School of Economics, DU

Rs. 0.31 lakhs

Tata Institute of Social Sciences (TISS), Mumbai

Rs. 1.14 lakhs

Pune University Department of Management Sciences (PUMBA)

Rs. 1.32 lakhs

FMS BHU

Rs. 0.98 lakhs

MSU Baroda

Rs. 0.29 lakhs

UBS Chandigarh

Rs. 0.38 lakhs

IGNOU Delhi

Rs. 0.37 lakhs

JMI New Delhi

Rs. 0.47 lakhs

Browse MBA Colleges By Location

MBA Colleges in Bangalore

MBA Colleges in Delhi

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MBA Colleges in Bhopal

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MBA Colleges in Mumbai

MBA Colleges in Indore

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Steps for Admission

Before applying to the MBA colleges in India, the students must check the eligibility criteria. They must make sure they abide by the criteria and rules mentioned in the eligibility criteria list and then proceed further. If at any stage, the student is found to have not complied with the eligibility guidelines, then his/her admission shall be canceled. Some of the common admission steps for top cheap MBA colleges in India is given below: -

  • Firstly, select the perfect MBA degree. For example, if you are interested in HR, go to a college in Bangalore. Similarly, if you are interested in finance, go to a college in Mumbai.

  • Then select what kind, of course, you would like, i.e., regular mode, online mode, or distance education mode.

  • Score a higher CGPA in your undergraduate degree. Check for the CGPA criteria for colleges.

  • Appear for the entrance exams such as MAT, ATMA, MAH CET, XAT, or any suitable test whose scores are accepted by the college.

  • Create a good CV/ resume. In this, you are supposed to add all your previous achievements and educational qualifications.

  • Prepare for the selection process. If your name features in the merit list, complete the admission formalities and pay the course fees.

Cheapest colleges to study MBA course in India - Placement

Here is a list of top cheap MBA colleges in India, along with their placement: -

Name of the college

Average/Median Salary (in Rs.)

FMS, Delhi

Rs. 20.50 lakhs

Department of Financial Studies (DFS), DU

-

Delhi School of Economics, DU

-

Tata Institute of Social Sciences (TISS), Mumbai

Rs. 4.80 lakhs

Pune University Department of Management Sciences (PUMBA)

-

FMS BHU

Rs. 7.20 lakhs

MSU Baroda

-

UBS Chandigarh

Rs. 11.38 lakhs

IGNOU Delhi

-

JMI New Delhi

Rs. 4.20 lakhs

Popular MBA Specializations

Mentioned below are some of the most popular MBA specializations that are becoming increasingly popular with candidates pursuing this post-graduate program in leading colleges across India.

MBA in Marketing Management

MBA in Information Technology

MBA in Banking and Finance

MBA in Healthcare Management

MBA in Communication and Media Management

MBA in General Management

MBA in International Business

MBA in Agriculture Business Management

MBA in Finance

MBA in Business Analytics

Low Rankings: Top MBA colleges in India

There are many top colleges across the country that accept students with low ranks in their entrance exams. Students don't have to worry about scoring less they can apply to any of the following colleges to take admission in MBA programs: -

Name of College

Ranking

ABES Engineering College, Ghaziabad

AA

ASM IBMR Pune

AA

AIMT, Greater Noida

AA

ABBS Bangalore

AA

AKNU, Rajahmundry

AA

Ajay Kumar Garg Institute of Management, Ghaziabad

AA

ASM, Delhi

AA

AIM, New Delhi

AA

Assam Institute of Management, Guwahati

AA

Baba Ghulam Shah Badshah University, Jammu

AA