Choosing the right MBA college is often a balance between quality education, affordability, and placements. While Odisha has several government-run universities that offer MBA programs at extremely low costs, one institute consistently stands out for its best price-to-placement ratio — the Regional College of Management (RCM), Bhubaneswar.
RCM is widely regarded as the top private MBA college in Odisha that provides students with excellent ROI. Unlike many private B-schools in India that charge ₹8–15 lakhs for an MBA, RCM offers programs in the range of ₹4–6 lakhs, while ensuring strong placements with leading companies such as Byju’s, ICICI Bank, HDFC, Deloitte, and TCS. This makes RCM the ideal choice for students who want the best blend of affordable fees and excellent career opportunities.
Alongside RCM, Odisha is also home to several low-cost MBA colleges under government and public universities where the fees range from as low as ₹288 to under ₹1 lakh. Let’s explore both categories in detail.
Why Choose MBA Colleges in Odisha with Low Fees?
- Best Price-to-Placement Ratio (RCM)
RCM Bhubaneswar is unmatched in Odisha for students seeking value for money. The investment is reasonable, and the placements ensure that students quickly recover their fees. - Extremely Low Government Fees
Public universities like Utkal University and SCS Autonomous College offer MBA programs under ₹1 lakh, making them accessible for students from all economic backgrounds. - High ROI
Whether you opt for ultra-low fees at government colleges or affordable private education at RCM, the return on investment is attractive. - Recognized Degrees
These colleges are UGC/AICTE recognized, ensuring the degree holds value across industries.
Best MBA Colleges in Odisha with Low Fees
Here’s a breakdown of the most popular and affordable MBA colleges in Odisha:
1. Regional College of Management (RCM), Bhubaneswar
- Fees: ₹4–6 lakhs (depending on specialization).
- Placement Highlights: Regular recruiters include Byju’s, Deloitte, TCS, ICICI, HDFC, Tech Mahindra, and more. Average packages range between ₹6–8 LPA with higher offers for top performers.
- Why RCM?: While not the cheapest, RCM offers the best price-to-placement ratio in Odisha. The combination of affordable investment and strong industry tie-ups makes it one of the most attractive choices for MBA aspirants.
- Legacy: With over 42 years of excellence, RCM is Odisha’s first management institute and continues to rank among the top B-schools in Eastern India.
2. SCS Autonomous College, Puri
- Fees: As low as ₹288 for the entire MBA program.
- Highlight: Known as one of the most affordable MBA colleges in Odisha.
- Why Choose?: A great option for students from weaker financial backgrounds.
3. Utkal University, Bhubaneswar
- Fees: Around ₹50,000 for the full MBA course.
- Highlight: Oldest and most reputed state university in Odisha.
- Why Choose?: Students looking for best MBA colleges in Odisha with low fees but also solid academic reputation should consider Utkal.
4. Rama Devi Women’s University, Bhubaneswar
- Fees: Around ₹49,000.
- Highlight: Exclusive for women, offering a safe and empowering learning environment.
- Why Choose?: Best choice for female students looking for low-cost MBA colleges in Odisha.
5. Berhampur University, Berhampur
- Fees: ₹18,000 – ₹64,000 depending on specialization.
- Highlight: Affordable fees with diverse MBA options.
- Why Choose?: A balanced option for a budget-friendly MBA in Odisha.
6. Fakir Mohan University, Balasore
- Fees: Around ₹57,000.
- Highlight: Provides higher education opportunities in Northern Odisha.
- Why Choose?: Its affordable MBA fees under ₹1 lakh make it an attractive option.
7. Gangadhar Meher University, Sambalpur
- Fees: Around ₹90,000.
- Highlight: Slightly higher than others, but still MBA colleges in Odisha fees less than 1 lakh.
- Why Choose?: Recognized government university with strong academic focus.
Admission Process
Most government universities use OJEE scores for admissions, while private institutes like RCM accept CAT, MAT, XAT, CMAT, or OJEE.
Eligibility:
- Bachelor’s degree with at least 50% marks (45% for reserved categories).
- Valid score from entrance exams.
Placements
- Government Colleges: Offer limited placement support, but students often secure jobs in banking, academia, government jobs, or private firms.
- RCM Bhubaneswar: Known for its best ROI in Odisha, RCM offers consistent placements with average packages around ₹6–8 LPA and maximum packages reaching double digits.
Advantages of MBA in Odisha with Low Fees
- Debt-Free Education – Especially in government colleges.
- Recognized Degrees – Valid across industries and regions.
- Affordable ROI – Even average placements cover the costs.
- Best ROI Choice – RCM – Strong placements with moderate investment.
FAQs
Q1. Which MBA college in Odisha has the lowest fees?
👉 SCS Autonomous College, Puri, with just ₹288 fees.
Q2. Can I pursue an MBA in Odisha under ₹1 lakh?
👉 Yes, colleges like Utkal University, Rama Devi University, Berhampur University, and Fakir Mohan University.
Q3. Which MBA college in Odisha offers the best price-to-placement ratio?
👉 Regional College of Management (RCM), Bhubaneswar offers the best balance between affordable fees and strong placements.
Conclusion
Odisha provides a wide range of MBA opportunities for students who want quality education at affordable fees. On one hand, government universities like Utkal University, SCS Autonomous College, and Berhampur University offer programs under ₹1 lakh, making them accessible to everyone. On the other hand, for students who want strong placements and industry exposure without paying exorbitant fees, the Regional College of Management (RCM) Bhubaneswar is the best choice.
With its proven track record, top recruiters, and best price-to-placement ratio, RCM continues to be the most value-driven MBA college in Odisha.
So, whether you prefer ultra-low fees at government colleges or affordable private education with excellent ROI at RCM, Odisha has something to offer for every MBA aspirant.
