The average MBA fees in India range from ₹2 lakh to ₹25 lakh depending on whether you choose a government college, private college, or an IIM. While top B-schools like IIM Ahmedabad charge around ₹24–25 lakh, there are also budget MBA colleges in India under ₹5 lakh offering quality education.
If you are planning to pursue an MBA (Master of Business Administration), one of the first questions that comes to mind is:
✔ What is the MBA fee structure?
✔ How much does an MBA cost in India?
✔ Are there MBA colleges with low fees?
This comprehensive guide will explain:
- MBA course fees in India
- Government vs Private MBA college fees
- Top MBA colleges with low fees
- Tips to reduce MBA cost
MBA Fees in India – Overview
The MBA fees in India vary widely depending on:
✔ Type of Institution (Government, Private, IIM, Deemed University)
✔ Location of the College
✔ Mode of Study (Full-time, Part-time, Online, Executive MBA)
On average, the MBA total fees in India range between:
- Government Colleges: ₹50,000 – ₹3 lakh
- Private Colleges: ₹4 lakh – ₹25 lakh
- IIMs & Top B-Schools: ₹18 lakh – ₹25 lakh
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MBA Fee Structure – What Does It Include?
The MBA fee structure typically includes:
✔ Tuition Fees
✔ Library & Lab Charges
✔ Exam Fees
✔ Hostel & Mess Charges (optional)
✔ Placement Training Charges
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Average MBA Course Fees in India
| Type of College | Average MBA Fees |
|---|---|
| Government Colleges | ₹50,000 – ₹3,00,000 |
| Private Colleges | ₹4,00,000 – ₹20,00,000 |
| IIMs & Top B-Schools | ₹18,00,000 – ₹25,00,000 |
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MBA Fees in Government vs Private Colleges
✔ Government MBA Colleges:
Low fees, usually under ₹3 lakh for 2 years. Examples: FMS Delhi (₹2 lakh), JBIMS Mumbai (₹6 lakh).
✔ Private MBA Colleges:
Fees range from ₹5 lakh to ₹20 lakh. Examples: Symbiosis, NMIMS, Amity.
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Top MBA Colleges in India with Low Fees
If you are looking for budget MBA colleges in India, here are some options:
| College | MBA Fees |
|---|---|
| FMS Delhi | ₹2 lakh |
| Delhi School of Economics | ₹30,000 |
| Jamnalal Bajaj (JBIMS) | ₹6 lakh |
| Tata Institute of Social Sciences (TISS) | ₹2 lakh |
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Lowest MBA Fees in India
The minimum fees for MBA in India can be as low as ₹30,000 per year in government universities. For example, DSE (Delhi School of Economics) and some state universities offer low-cost MBA programs.
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How Much Does an MBA Cost in India?
The average MBA cost in India depends on the type of institute:
✔ Government Colleges: ₹1–3 lakh
✔ Private Colleges: ₹5–15 lakh
✔ IIMs: ₹18–25 lakh
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MBA Admission Fees
Most MBA colleges require:
✔ Application Fee: ₹1,000–₹3,000
✔ Admission Confirmation Fee: ₹20,000–₹1,00,000
✔ First Semester Fee: Part of total course fees
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Top MBA Colleges in India with Low Fees & High ROI
- Faculty of Management Studies (FMS), Delhi – Fees ₹2 lakh, Average Salary ₹30 LPA
- JBIMS Mumbai – Fees ₹6 lakh, Average Salary ₹22 LPA
- TISS Mumbai – Fees ₹2 lakh, Great ROI
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Online MBA Courses Fees
If you want an affordable option, online MBA programs are cost-effective.
✔ Average Cost: ₹50,000 – ₹3,00,000
✔ Providers: IGNOU, Symbiosis, Amity, NMIMS
How to Reduce MBA Cost?
✔ Apply for scholarships
✔ Consider government universities
✔ Choose distance/online MBA programs
✔ Look for education loans at low interest
Frequently Asked Questions (FAQs)
Q1. What is the average MBA fee in India?
✔ Around ₹7–8 lakh, but can go up to ₹25 lakh in IIMs.
Q2. Which is the cheapest MBA in India?
✔ Government universities like FMS Delhi, TISS Mumbai, and DSE.
Q3. How much does an MBA cost in private colleges?
✔ Around ₹5–20 lakh.
Q4. Can I find MBA colleges under 5 lakhs?
✔ Yes, many state universities and colleges offer MBA under ₹5 lakh.
Q5. Are there budget MBA colleges in India?
✔ Yes, look for government institutes or distance MBA programs.
Conclusion
The MBA fee structure in India depends on your choice of college, location, and mode of study. While IIMs charge ₹20–25 lakh, you can still pursue an MBA with low fees in India through government colleges or online programs. Always compare fees, placements, and ROI before making your decision.
