When you plan on pursuing MBA there are only a few colleges that come to your mind like MDI, IIMs, XLRI, IIFT, NMIMS, and SPJIMR which are among the highest fees colleges starting from 15-20 Lakhs and above.
But it is essential to know that there are MBA colleges that offer good courses and that too at an affordable price at the same time. It is not necessary that all high-paid B schools will give you a good Return on Investments but yes it is certainly possible that an affordable MBA course can give you a better Return on Investments.
There is a myth when it comes to colleges that the more the fees, the better the education and placements will be. It is not at all true. Money should not be a reason for someone very talented to pursue their dreams.
These affordable MBA colleges are also affiliated with top universities like Delhi University, Bangalore University, Devi Ahilya University, Pune University, and Panjab University among others.
Now you will ask if you must clear the entrance exam for admission?
Yes, of course, you will have to clear the entrance exams like CAT/XAT/CMAT/MAH CET apart from good academic/work experience.
In this article, I will share the Top affordable MBA Program in India in 2022-
|S.no||B-School||Scores Accepted||Management Program Name||Annual tuition and fees (INR Rs.)||Duration of Program||Location|
|1||Faculty of management studies (FMS)||CAT||Full-Time MBA||50,000||2 Years||Delhi|
|2||Tata Institute of Social Science (TISS)||TISSNET||MBA (LR and HRM)||1 Lakhs||2 Years||Mumbai|
|3||Delhi School of Economics||CAT||MBA (IB/HRD)||36,000||2 Years||Delhi|
|4||Digital Gurukul||CAT/XAT/ATMA/CMAT/GMAT||Alt MBA||75,000 (total fees)||6 Months||Online|
|5||University of Business School||CAT||MBA (IB/HR/Entrepreneurship/Executives)||18,000- 97,000||2 Years||Chandigarh|
|6||Department of Financial Studies (DFS)||CAT||MBA in Finance||26000||2 Years||Delhi|
1- Faculty of Management Studies (FMS)
Faculty of Management Studies (FMS) offers a Two-year full-time MBA program in FMS comes under Delhi University. This college comes under one of the affordable b-schools of India which offers a high Return on Investments. FMS considers CAT score for MBA admission and its cutoff is around 98+ percentile.
The cost of the college does not exceed 1-1.5 Lakh including food and accommodation.
Placements after MBA is not an issue with this college as it has top recruiters including EY, Accenture, Star India, ITC, IBM, Goldman Sachs, ICICI Bank, RBL, HSBC, and reliance among others.
This university comes under the finest MBA colleges in India with some of the best faculty available.
Admissions in TiSS are based on its own internal entrance exam named TISSNET. Including the food and accommodation, the MBA from TISS will cost around Rs. 2.38 Lakh. TISS is known for its Human Resource Management program. TISS is also known for its good curriculum and placements. TISS has always been on one of the top lists of students who want to take admitted to a good B- school.
Delhi School of Economics (DSE) is affiliated with Delhi University and offers a two years MBA in International Business and Human Resource Development. The average placement for MBA programs is really high and takes admission on the basis of students’ CAT scores.
It is one of the finest B-schools in India which have affordable fees and good placement numbers. In short a great Return on Investments.
Digital Gurukul is known for its Digital Marketing Module and the placements and startups of its students. The students of Digital Gurukul are taught mostly by Dr. Raj Padhiyar who is the CEO and Founder of Digital Gurukul. Digital Gurukul has recently come up with an Alt MBA program in which they teach students both Business Management Skills and Advance Digital Marketing Skills along with Internships and Placements with big corporates and Startups in India.
Alt MBA is an Online course where you do not have to add on the expense of food and accommodation but just a good setup in your house. The fee for Alt MBA is Rs. 75000 for the 6 months program. They take admissions on the basis of CAT/XAT/ATMA/CMAT/GMAT.
The University of Business School was established in 1882 and is established in Chandigarh. The School is well equipped with modern methods of teaching and teaching aids.
The University of Business School is affiliated with Panjab University and takes admission on the basis of CAT results.
It has a two years MBA course where they have maintained a good number of placements throughout the years. It also has the finest of faculties which makes balances theoretical knowledge and practical knowledge.
One can take admission in MBA (IB/HR/Entrepreneurship/Executives) In which the fees go from Rs.18,000 to 97,000 depending on the course you opt for.
DFS takes admission on the basis of CAT results and offers two of the famous courses for MBA i.e MBA in Financial Management and MBA in Business Economics and it is located in Delhi. DFS is known to have a good curriculum and the finest of the faculties for teaching who makes a balance between theory and real-life experience. It includes recruitment from American Express, and ICICI Bank among many others with four campuses i.e North, South, East, and West.
The college fees also vary along with the up-gradation in modules and placements they might vary year to year but the difference in the fees is not too much.
I hope this article will help you a bit in narrowing down your choice for a good B-School. We wish you a greaaattttt career ahead.