A quick guide to 10 cheapest MBA colleges in India with an introduction to the best ROI!

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Pursuing MBA degree is not at all easy. With all that funding for college and other necessities, it is a hefty amount to be paid. A big load for the students and parents, the amount needed for the course is much high for many institutions. But if you are looking for a college charging less for the course, here is the quick guide to the 10 cheapest MBA colleges.

What is ROI?

ROI, which means Return of Investment is a very important matter for students who invest a lot of money in the stream or courses of study they wish to pursue. The matter of investment sometimes requires the students to take debts and that is why the return of investment is important as to keep a balance and to avoid any problematic situation further.

Now, for the 10 cheapest MBA colleges, here is the list:

10. Pumba, Pune

       Ranked as the 10th cheapest MBA college in India, Pumba, Pune provides courses for students under the fee structure of nearly 1.4 lakh rupees only while the highest package goes up to 25 lakhs and for the average, it’s 8 lakh rupees only.

Established in 1972, major companies like Accenture, Mercedes, Godrej, Namura and Tec Mahindra are coming on the campus.

You can apply for the institution through the Maharashtra C.T. The students securing over 90% in CAT while students securing 97% and 94% in CET and CMAT respectively are eligible to apply for the institution.

9. Simsree

Based in Maharashtra, the free structure for the institution ranges from 1.4 lakh rupees for the basic package to 25 lakh rupees for the highest package.

Major companies like Citibank and Aditya Birla Group come for the institution.

One of the renowned institution in the country, for a student to apply, they need to be quite excellent and secure at least 99% in CAT, CET and CMAT.

8. Department of Business Economics (DBE)

The fee structure of the institution ranges from 38k for a basic package to 11 lakh on an average while the highest package goes up to 21 lakh rupees only.

For students to apply into the institution, one has to secure at least 95%.

7. Department of Financial Studies (DFS)

Ranging from 38k for the basic package to 11 lakh rupees for the average packages and 20.8 lakh rupees for the highest packages, the fee structure is quite good in comparison to many other institutions in the country.

6. Delhi School of Economics

The fee structure ranges from 38k for a basic package to 27 lakh rupees for highest packages while the average package counts for a whooping 10 lakh rupees only. The institution provides MBA in two categories, IB and HR.

Major companies like McKenzie and Mahindra come to the campus.

5. SRCC

An excellent institution with exceptional record of excellence, the batch of this institution is made up of only 84 individuals while 55 companies come to the institution including Amazon Express, Dell, and many more.

Average package costs 10.61 lakh rupees to 21.3 lakhs for the highest packages.

Students securing above 90% can apply for the institution.

The institution is known to achieve the record breaking year by year growth at the average rate of 7.1 % and also for winning many competitions organized by major companies.

4. IISC, Bangalore

For the basic package starting at 5.18 lakhs and the highest package landing at 39.5 lakhs while the average package cost is around 26.8 lakhs, the free structure of the institution seems to be quite good for the students.

The institution functions with less than 100 students and has the best of materials for everyone.

3. JBIIMS, Mumbai

The fee structure of the institution ranges from 6 lakhs for the basic package to 44 lakhs for the highest packages while the average package lands at 27.63 lakhs. Students need to score at least 99.9% or 99.7% in CAT to apply in this institution.

No GDPA or rankings are considered for admission in this institution, rather students have to clear one examination carrying 200 marks and have to score very well in order to apply for the institution. 54 students get PPOs through the institution. 68 companies come to the institution and the package for internship starts from 5 to 7 lakhs.

2. TISS, Mumbai

Fee structure ranges from 25 lakh for the basic package to 43 lakhs for the highest package while the average package costs 23.9 LPA.

6000 students get to study in the institution, so preparing well for what is coming next is important.

  1. FMS Delhi

The fee structure ranges from 58 lakhs for the highest package while the medium package costs around 30 lakhs and the average package costs 32 lakhs. 107 companies come to the campus while every batch welcomes only 269 students.

Students need to score over 97% in CAT to apply in this institution. Also, the weightage for Verbal availability is 40% and for QR, it’s 30%. So here is a short guide to top 10 cheapest MBA colleges in India. Now, buckle up, work hard and go ahead in your journey.

Author
Sumit Singh Gandhi
CEO CATking Educare
SPJain Alumni
Harvard business School ( Executive management )

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