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Top MBA Programs in India with Low Fees Structure | CareerAnna.com

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Top MBA Programs in India with

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Posted by: CareerAnna August 26, 2013

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Spending in MBA is like a business investment, you may not always get the
required returns.
In recent times, we have seen a lot cases of fees being increased by most top b-schools in India
and consequently it is putting tremendous financial constraint on students when they plan for
a MBA. Majority of the students come from middle class families who are bound to take
education loans when they get admitted into one.

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Post 2008, IIM-A set a new trend when it increased its fees almost 6 times from a mere 2 lacs
to 11.5 lakhs for its flagship two year PGP course.
Recently even IIM-B has increased its fees from 15 lacs to 17 lacs for its 2 year flagship course
which was one of the highest increase in fees by approximately 13% as compared to year 2012,
even last year IIM-B had increased its fees by almost 15%.
One exceptional IIM was IIM-L which actually reduced the steep burden of fees from 12 lakhs
to approximately 10.8 lakhs. Top B-schools such as NMIMS, Mumbai, MDI, Gurgaon, XLRI,
Jamshedpur too have had hikes in the fee structure for their flagship courses. Even Tier-II
colleges such as IMT, Ghaziabad and IMI, New Delhi have increased their fees by manifolds in
recent times.
Let us now look at the trends at the IIMs for last two years (2012 and 2013)

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Trends Over the last 2 Years at the IIMs

Institute

Fees structure
(2012-14) (in Rs for
2 years)

Fees structure (201315) (in Rs for 2 years)

Trend over
the last 2
years

IIM, Ahmedabad

1,550,000

1,660,000

110,000

IIM, Bangalore

1,500,000

1,700,000

200,000

September 9, 2013

IIM, Calcutta

1,350,000

1,360,000

10,000

B School Comparison Series: Colleges to be

covered

IIM, Lucknow

1,250,000

1,080,000

-170,000

IIM, Indore

1,300,000

1,300,000

IIM, Shillong

800,000

800,000

IIM, Kozhikode

975,000

975,000

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Bangalore, Calcutta and Lucknow

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March 16, 2014

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Haunted by Poor Acads: Target these Top

Colleges

IIM, Raipur

960,000

60,000

800,000

800,000

IIM, Trichy

1,000,000

1,000,000

IIM, Rohtak

800,000

800,000

IIM, Ranchi

900,000

900,000

IIM, Kashipur

Amazon Best Sellers

900,000

IIM, Udaipur

June 18, 2013

800,000

800,000

So what are the options left for people who just cant afford such top b-schools? How can they
achieve their dreams of getting good quality education and a great career growth in future?
Priv acy

In this article, we bring to you a list of some of the best and decent B-Schools in India with the most affordable
fee structure. Most of these colleges are top government B-Schools such as FMS, MFC, IITs, Nitie, etc.

Flipkart Offers Zone

that have over the years proven that they are at par with most of the top B-Schools, if not better when it comes
to academic excellence and good placements. Here is the list of these colleges with their fees, cut-offs and
placement record for the year 2012/2013.

B-school Name

2013-15
Faculty of Management
Studies, Delhi

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Jamnalal Bajaj Institute of

Management Studies
(JBIMS), Mumbai

Fees for 2
years

Rs. 20,960

Cut-Off in
CAT/XAT/CMAT

Placement
Average CTC
2012/2013 in
LPA

98.56%tile in CAT

16.0

315+ in CMAT

15.3

(Tuition Fees)
Rs. 2,00,000
(Tuition Fees)

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Institute of Rural
Management, Anand
(IRMA)
National Institute of
Industrial Engineer
(NITIE), Mumbai
Vinod Gupta School of
Management (VGSoM) IIT
Kharagpur
Department of
Management Studies
(DMS) IIT Roorkee
Department of
Management Studies
(DMS) IIT Madras
Department of
Management Studies
(DMS) IIT Delhi

Department of
Management Studies
(DMS) IIT Kanpur
Tata Institute of Social
Sciences

Department of
Management Studies
http://www.careeranna.com/top-mba-programs-with-low-fees/

Rs. 4,17,700
(All expenses)
Rs. 6,26,500
(All expenses)
Rs. 6,81,304

This year will take

CAT score

97.2X %tile in CAT

With Sectionals

Not Available

97tile in CAT

11.44

95.75% tile in CAT

7.81

95.8X%tile With
Sectionals

8.76

98.0X %tile in CAT

12.60

95.2%tile in CAT

8.73

Takes TISS Score

Not Available

91%tile in CAT

Not Available

(All expenses)
Rs. 4,00,000
(All expenses)
Rs. 3,40,000
(All expenses)
Rs. 4,00,000
(Tuition Fees)

Rs. 1,60,000
(Tuition Fees)
Rs. 34,550
(Tuition Fees)
Rs. 63,320
(All expenses)

Claims 100%
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(DMS), Nit Trichy

placement on
website

LBSIM, Delhi

Rs. 6,03,950

85.41%tile in CAT

7.7

280+ in CMAT

10.12

84.59% tile in CAT

86%tile in CAT/
80%tile (Sectionals
78.81, 50.36, 53.51) in
XAT

91%tile in CAT

7.2

90+tile in CAT With

weights to other
factors

MFC, Delhi:
9.2MBE, Delhi :
7.5

Takes SRCC GBO

Exam Score

6.8

(Tuition Fees)
Sydenham Institute of
Management Studies and
Entrepreneurship
Education, Mumbai
Faculty of Management
Studies, BHU

Loyola Institute of
Business Administration,
Chennai

Rs.1,38,000
(Tuition Fees)

Rs. 56,984
(Tuition Fees)
Rs. 6,42,000
(Tuition fees)

Search CareerAnna

MIB/MHROD, Delhi

Rs. 29,000
(Tuition Fees)

MFC/MBE, Delhi

Rs. 24,722
(Tuition Fees)

SRCC-GBO

Rs. 48,000
(Tuition Fees)

*Note-The figures have been taken from official Websites or Publicly available information from reputed
websites. Readers are requested to use their own discretion while reading these figures.
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Hope the above list helps you a little in finding the top MBA programs at a low cost. The article
in no way compares the quality of education being provided by the b-schools rather it
compares education in a parameter of cost. Some of the most expensive MBA programs are
some of the best in the country, especially when it comes to academic excellence and providing
a professional road-map for their students.
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