5 Top MBA Colleges in India Under 5 Lakhs

The best MBA colleges in India (affordable edition) highlighted here have been chosen based on a set of key criteria:

• Affordability: Ensuring the total fees for the MBA program are under 5 lakhs.
• Reputation: Institutions known for their quality education with a proven track record of research and teaching.
• Curriculum: Robust and industry-relevant curriculum that meets current market demands.
• Location: Presence in major cities that can offer better industry exposure and internship opportunities.
• Alumni Network: A strong alumni network that can help in career growth and opportunities.
• Placement Records: Consistent and high placement rates with reputable companies.

Here are some of the best MBA colleges in India that provide quality education and excellent placement opportunities, all while keeping the total fees under 5 lakhs:

Faculty of Management Studies (FMS), University of Delhi

• Overview: FMS Delhi is one of the oldest and most reputed business schools in India. Known for its excellent faculty and strong industry connections, FMS offers a top-notch MBA program.
• Programs: Full-time MBA, Executive MBA, MBA-Health Care Administration.
• Fees: INR 1,94,000 
• Eligibility: Graduation with at least 50% marks and a CAT (Common Admission Test) score.
• Placement: Companies like Samsung, ITC, Adobe, Amazon, Goldman Sachs, KPMG, etc., offer placements to FMS students.
• Salary Package: The average salary package offered is approximately INR 34,00,000.
• Ranking: Ranked among the top 10 business schools in India by IIRF.

Delhi Technical University (DTU)

• Overview: DTU, formerly known as Delhi College of Engineering, is known for its strong engineering programs and has a growing reputation in management education.
• Programs: MBA in various specializations, including Marketing, Finance, and Human Resources. Business Analytics.
• Fees: INR 2,90,000 
• Eligibility: Graduation with at least 50% marks and CAT/MAT/CMAT score.
• Placement: Companies like HCL, HP, Amazon, Yes Bank, Genpact, Deloitte, etc., offer placements to the DTU pass-outs.
• Salary Package: The average salary package offered is approximately INR 23,00,000 
• Ranking: Consistently ranked among the top technical universities with a strong management program.

Institute of Management Studies, Banaras Hindu University (BHU)

• Overview: Located in Varanasi, BHU is one of the oldest and most prestigious universities in India, with a robust management program.
• Programs: MBA, MBA-IB (International Business).
• Fees: INR 99,288
• Eligibility: Graduation with at least 50% marks and a CAT (Common Admission Test) score.
• Placement: Companies like Accenture, Capgemini, Amazon, Microsoft, TCS), Goldman Sachs, ICICI Bank, L&T, Berger Paints, etc. have offered placements to BHU MBA graduates.
• Salary Package: The average salary package offered is approximately INR 12,00,000 
• Ranking: Highly regarded for its strong academic environment and research.

Ambedkar University

• Overview: Known for its social sciences and humanities programs, Ambedkar University in Delhi also offers quality management education at an affordable cost.
• Programs: MBA with specializations.
• Fees: INR 3,00,000
• Eligibility: Graduation with at least 50% marks and a CAT (Common Admission Test) score.
• Placement: Companies like EY, KPMG, Decathlon, Moody's Analytics, Naukri.com, Flipkart, Zomato, Paytm, ITC, and Swiggy have recruited MBA graduates from this institute.
• Salary Package: The average salary package can vary from approximately INR 5,00,000 to INR 10,00,000
• Ranking: Growing reputation as a hub for affordable and quality education.

Tata Institute of Management Studies (TISS)

• Overview: TISS is renowned for its social sciences and management programs, particularly its focus on social impact and human resources.
• Programs: Although they don’t offer an MBA, they do have great courses like an MA in Human Resource Management & Labor Relations and an MA in Social Entrepreneurship.
• Fees: INR 1,85,000
• Eligibility: Graduation with at least 50% marks and a TISSNET score.
• Placement: Companies like Aditya Birla Group, Citi, HUL, ITC, Mahindra, Marico, Nestle, P&G, etc., offer placements to TISS graduates.
• Salary Package: The average salary package offered is approximately INR 10,00,000 
• Ranking: Consistently ranked among the top institutions for social sciences and management.

Pursuing an MBA doesn't have to be extremely expensive. This is why we have curated a list of the top MBA colleges in India with fees in this blog that provide excellent education and career opportunities without the heavy financial burden. Evaluate these options carefully and choose the one that best aligns with your career goals and financial situation. Investing in your education is a step toward a brighter future, and with these affordable MBA programs, that future is within reach. 

Careervira understands the importance of choosing the right path. Explore our extensive resources and connect with our education experts to gain valuable insights into various MBA programs and career options in business administration. Let us help you navigate your educational journey and achieve your academic goals! 

Disclaimer: Rankings are subject to change. Please refer to the official institute websites for the latest information.