The Path To Success: Top MBA Colleges In India With Affordable Fees

Joanna Tresa

Last Updated: July 26, 2023
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Welcome to the world of business and leadership, where dreams take flight and aspirations are turned into reality. Embarking on the journey of pursuing an MBA holds the promise of a transformative experience, equipping you with the skills and knowledge to navigate the complex world of business. However, the financial aspect can often cast a shadow of doubt on this pursuit. But fear not! In this blog, we’ll unveil the top six MBA colleges in India that offer exceptional quality education without breaking the bank. These institutions combine affordability with excellence, providing you with the perfect platform to hone your business acumen and shape your future. So, fasten your seatbelts and get ready to explore the top MBA colleges that offer a world-class education under 15 lakhs fees. Let’s embark on this exciting adventure together!

Indian Institute Of Management (IIM) Shillong: Where Dreams Take Flight

Indian Institute Of Management (IIM) Shillong

IIM Shillong, nestled amidst the serene hills of Meghalaya, is one of the premier management institutes in India. Known for its picturesque campus and academic excellence, IIM Shillong offers a range of management programs, including a two-year Post Graduate Program in Management (PGPM) and a Post Graduate Program for Executives (PGPEx). The institute focuses on holistic development and emphasises sustainable business practices and ethical leadership. With a rigorous curriculum, industry interactions, and a strong alumni network, IIM Shillong equips students with the skills and knowledge to excel in the corporate world. The institute also hosts various guest lectures, workshops, and seminars, providing students with opportunities to learn from industry experts.

  • Approx Fees: The approximate fees for the MBA program at IIM Shillong is around INR 16-18 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST/PWD candidates). They must also qualify for the Common Admission Test (CAT) conducted by the IIMs.
  • Expenses: Apart from the tuition fees, students may need to consider additional expenses such as accommodation, books, study materials, living expenses, etc.

Department Of Management Studies, Indian Institute Of Technology (IIT) Delhi: Where Innovation Meets Business

Department Of Management Studies, Indian Institute Of Technology (IIT) Delhi

IIT Delhi’s Department of Management Studies combines the best of technology and management education. With its affordable fee structure, this esteemed institution equips students with a unique blend of business acumen and technological expertise, preparing them to lead in a rapidly evolving business landscape.

There are several aspiring entrepreneurs with a passion for technology. By pursuing their MBA at IIT Delhi, they gain the knowledge and skills to bridge the gap between business and technology, launching successful startups that revolutionise the industry.

  • Approx Fees: The approximate fees for the MBA program at IIT Delhi is around INR 9-10 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree with a minimum aggregate score of 60% (55% for SC/ST/PWD candidates). They must also qualify for the Common Admission Test (CAT) or the Graduate Management Admission Test (GMAT).
  • Expenses: In addition to the tuition fees, students may need to budget for accommodation, books, study materials, living expenses, and other miscellaneous costs.

Xavier Institute Of Management (XIMB), Bhubaneswar: Nurturing Leaders With A Social Conscience

Xavier Institute Of Management (XIMB), Bhubaneswar

XIMB, known for its exceptional faculty and holistic approach to management education, offers affordable programs that focus on sustainability, ethics, and social responsibility. Located in Bhubaneswar, Odisha, it is a prestigious management institute affiliated with Xavier University. It offers various programs, including a two-year full-time MBA, Executive MBA, and doctoral programs. XIMB focuses on nurturing socially responsible leaders who possess strong business acumen and a sense of ethics. 

The institute places a strong emphasis on experiential learning, with opportunities for industry internships, live projects, and case study competitions. XIMB boasts a faculty comprising experienced industry professionals and renowned academicians, providing students with a well-rounded learning experience. The institute also organises numerous extracurricular activities, clubs, and events, fostering a vibrant and inclusive campus culture.

  • Approx Fees: The approximate fees for the MBA program at XIMB is around INR 18-20 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree with a minimum aggregate score of 55%. They must also qualify for the Xavier Aptitude Test (XAT) or the Common Admission Test (CAT).
  • Expenses: Apart from the tuition fees, students should consider additional expenses like accommodation, books, study materials, living expenses, and other personal costs.

Institute Of Management Technology (IMT), Ghaziabad: Empowering Innovators And Entrepreneurs

Institute Of Management Technology (IMT), Ghaziabad:

IMT Ghaziabad, with its affordable fees and strong industry connections, fosters a culture of innovation and entrepreneurship. It is a leading business school in India renowned for its academic excellence and industry-focused programs. The institute offers a two-year full-time PGDM program, PGDM Executive program, and a range of specialised management courses. IMT Ghaziabad prides itself on its strong industry connections, providing students with ample opportunities for internships, industry visits, and placements. 

The institute’s curriculum combines theoretical knowledge with practical exposure, preparing students to tackle real-world business challenges. IMT Ghaziabad also promotes entrepreneurship and innovation through its incubation centre and entrepreneurship development programs, fostering a culture of creativity and leadership.

  • Approx Fees: The approximate fees for the MBA program at IMT Ghaziabad is around INR 17-19 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree with a minimum aggregate score of 50%. They must also qualify for the Common Admission Test (CAT) or the Graduate Management Admission Test (GMAT).
  • Expenses: In addition to the tuition fees, students should factor in expenses such as accommodation, books, study materials, living expenses, and other personal costs.

Goa Institute Of Management (GIM): Where Business Meets Serenity

Goa Institute Of Management (GIM):

Nestled in the serene coastal state of Goa, GIM offers affordable MBA programs that emphasise experiential learning and industry exposure. With a picturesque campus and a collaborative learning environment, GIM provides students with a transformative education experience that combines academic rigour with a touch of tranquillity.

Imagine immersing yourself in vibrant classroom discussions during the day and unwinding on the pristine beaches of Goa in the evening. At GIM, you can strike the perfect balance between academic excellence and a rejuvenating lifestyle.

  • Approx Fees: The approximate fees for the MBA program at GIM is around INR 14-16 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree with a minimum aggregate score of 50%. They must also qualify for the Common Admission Test (CAT), Xavier Aptitude Test (XAT), or the Graduate Management Admission Test (GMAT).
  • Expenses: Apart from the tuition fees, students should consider additional expenses like accommodation, books, study materials, living expenses, and other personal costs.

Loyola Institute Of Business Administration (LIBA), Chennai: Shaping Ethical Leaders

Loyola Institute Of Business Administration (LIBA), Chennai

LIBA, known for its affordable MBA programs, focuses on nurturing ethical leaders who possess strong business acumen and a sense of social responsibility. The institute offers a two-year full-time PGDM program and various executive management programs. LIBA focuses on developing ethical leaders with strong business acumen. The institute’s curriculum emphasises values-based education, social responsibility, and sustainability. With experienced faculty members and a vibrant campus environment, LIBA provides students with a holistic learning experience. The institute also offers opportunities for industry internships, research projects, and collaborations, enabling students to gain practical insights and exposure to the corporate world. LIBA boasts a strong alumni network, contributing to the institute’s reputation and success.

  • Approx Fees: The approximate fees for the MBA program at LIBA is around INR 14-16 lakhs.
  • Eligibility: Candidates must have a bachelor’s degree in any discipline with a minimum aggregate score of 50%. They must also qualify for the Common Admission Test (CAT), Xavier Aptitude Test (XAT), or the Graduate Management Admission Test (GMAT).
  • Expenses: In addition to the tuition fees, students should budget for accommodation, books, study materials, living expenses, and other personal costs.

Pursue An MBA With Mentoria! 

You’ve uncovered the top six MBA colleges in India that offer exceptional education without burdening your wallet. These institutions combine affordability, excellence, and unique educational experiences, providing you with the perfect launching pad for your career. So, buckle up and take the next step towards your business aspirations. Whether you choose to soar high at IIM Shillong or embrace innovation at IIT Delhi, remember that success knows no boundaries when passion meets opportunity. Get ready to unlock your potential and make your mark in the dynamic world of business.

We’re here to provide you with all the help! Kick-start your journey with Mentoria and discover the right fit for you. Feel free to call us to speak to our career mentors and choose the right guidance plan that suits your needs.

Mentoria’s career guidance programme enables you to choose your perfect fit from 3 streams, 850+ courses, and 12,000+ careers, and discover what will bring out the best in you.




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