Top MBA Colleges with Low Fees and Good Placements

 

Choosing the right MBA college is one of the most significant decisions for aspiring professionals. It's not just about gaining knowledge; it’s also about ensuring the return on investment (ROI) is worthwhile in terms of fees and placements. This article will guide you through some of the best MBA colleges in India that offer low fees while ensuring excellent placement opportunities.

Why Choosing an Affordable MBA College with Good Placements is Essential

Many students shy away from pursuing an MBA because of the daunting costs associated with the degree. However, some top-ranked MBA colleges in India offer quality education without breaking the bank. These institutes provide great placements and ensure that their graduates receive a competitive salary that justifies the investment.

1. Faculty of Management Studies (FMS), University of Delhi

The Faculty of Management Studies (FMS) at the University of Delhi is one of the most prestigious and affordable MBA programs in India.

• Fees: The total fee for the two-year MBA program is approximately INR 2 lakhs, making it one of the most economical options.
• Placements: FMS boasts a stellar placement record with an average package of around INR 30-35 lakhs per annum.
• Specialties: Known for its focus on management education with a practical approach, FMS is often ranked among the top 10 business schools in India.

2. International Institute of Business Studies (IIBS)

IIBS is another top choice for students seeking an affordable MBA program in Bangalore. The institute is known for its quality education, strong placement record, and reasonable fee structure. IIBS has partnerships with leading companies, ensuring good placement opportunities for its graduates.

• Average Fees: INR 8-9 LPA
• Average Placement Package: INR 12-14 LPA
• Highest Placement Package: 54 LPA
• Top Recruiters: Amazon, Deloitte, HDFC Bank, Capgemini

Developing students for a global work culture, IIBS are on the way of delivering self-motivated professionals by providing them with best resources, equipment’s and core values for a bright and successful future. Over the years, IIBS growth success rate stood out in the competitive market of fine education.

IIBS is providing free laptop for MBA, Bengaluru City University. And only top 100 students are eligible for international tour having more than 80% attendance and academic merit in pursuing course.

3. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Jamnalal Bajaj Institute of Management Studies is another name synonymous with top-quality management education at an affordable cost.

• Fees: The fee for the full MBA program is around INR 6-7 lakhs.
• Placements: With an average package of approximately INR 27-30 lakhs, JBIMS ensures its students land in lucrative positions post-graduation.
• Specialties: The proximity to India's financial capital, Mumbai, provides JBIMS students with excellent networking opportunities.

4. Tata Institute of Social Sciences (TISS), Mumbai

While known for its focus on social sciences, the Tata Institute of Social Sciences (TISS) offers an excellent management program with low fees.

• Fees: The total MBA fee is about INR 2-3 lakhs.
• Placements: TISS guarantees outstanding placement opportunities, with the average package being around INR 18-20 lakhs.
• Specialties: The institute focuses on creating socially responsible managers and leaders.

5. Indian Institute of Management (IIM) Visakhapatnam

One of the newer IIMs, IIM Visakhapatnam offers an affordable MBA program while maintaining the standards of the older, more established IIMs.

• Fees: The total fees are around INR 13-14 lakhs for the two-year program.
• Placements: The average salary package at IIM Visakhapatnam is around INR 15-20 lakhs.
• Specialties: Despite being a newer IIM, the institute has quickly built a reputation for its academic rigor and strong placement support.

6. Department of Management Studies (DoMS), IIT Madras

IIT Madras is renowned for its engineering programs, but its Department of Management Studies (DoMS) also offers one of the best MBA programs in India.

• Fees: The total fee is approximately INR 8-10 lakhs.
• Placements: With an average placement package of around INR 15-20 lakhs, DoMS offers excellent ROI.
• Specialties: IIT Madras benefits from its brand name and has strong corporate connections for placements.

7. Institute of Rural Management Anand (IRMA)

For students interested in rural management, IRMA is one of the top choices in India.

• Fees: The total cost of the MBA program is around INR 15-16 lakhs.
• Placements: IRMA consistently achieves high placement rates with an average salary package of around INR 10-12 lakhs.
• Specialties: IRMA is known for producing graduates who excel in rural development and management.

8. Symbiosis Institute of Business Management (SIBM), Pune

The Symbiosis Institute of Business Management (SIBM) in Pune is well-regarded for its affordable fees and excellent placements.

• Fees: The total fees for the MBA program are approximately INR 20 lakhs.
• Placements: SIBM Pune records an average placement package of INR 20-23 lakhs, with top companies recruiting from the campus.
• Specialties: SIBM has a strong alumni network and excellent industry connections, ensuring its students have ample career opportunities.

9. Christ University, Bangalore

Christ University in Bangalore offers an MBA program that combines quality education with affordability.

• Fees: The total MBA fees are around INR 8-9 lakhs.
• Placements: The average salary offered to Christ University MBA graduates is around INR 10-12 lakhs.
• Specialties: Known for its diverse student body and holistic learning approach, Christ University provides great exposure to its students.

10. Delhi School of Economics (DSE), University of Delhi

The Delhi School of Economics (DSE) offers a high-quality MBA program with low fees, making it an attractive option for students seeking affordability and good placements.

• Fees: The total fee for the two-year MBA program is around INR 2-3 lakhs.
• Placements: DSE consistently achieves high placement rates with an average salary package of INR 10-12 lakhs.
• Specialties: DSE is renowned for its economics and management education, with strong ties to top corporations.

Conclusion: Balancing Fees and Placements

When selecting an MBA program, it is crucial to balance the cost of education with the placement opportunities available. The institutes mentioned above offer some of the best MBA programs in India, providing a combination of affordable fees and excellent placement records. These colleges ensure that their students receive quality education while guaranteeing strong career opportunities in the corporate world.