Top MBA Colleges with Low Fees and High Packages: Pursuing an MBA can be a significant investment, but some institutions offer exceptional return on investment (ROI) with low fees and impressive placement packages. Here’s a list of top MBA colleges in India that combine affordability with excellent career prospects.
Top MBA Colleges
1. Faculty of Management Studies (FMS), Delhi
FMS, often referred to as the “Red Building of Dreams,” is renowned for its unmatched ROI in management education. With a stellar average package of ₹34.1 LPA, FMS remains a top choice for MBA aspirants.
| Fee | ₹2 Lakhs (total expenses approx. ₹5 Lakhs) |
| Average Package | ₹34.1 LPA |
| Exams Accepted | CAT |
2. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
Known as the “CEO Factory,” JBIMS offers a rigorous curriculum and exceptional industry connections, leading to high placement packages at a modest fee.
| Fee | ₹6 Lakh |
| Average Package | ₹27.63 LPA |
| Exams Accepted | CAT, CMAT, GMAT, MAHCET |
3. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
SJMSOM leverages IIT Bombay’s brand and industry integration, offering a tech-focused management program with excellent placements.
| Fee | ₹13 Lakhs (relatively low compared to peers) |
| Average Package | ₹28.88 LPA |
| Exams Accepted | CAT |
4. Tata Institute of Social Sciences (TISS), Mumbai
TISS is a unique choice for those looking to specialize in human resources and social sciences. Its affordable fee structure and high placement numbers make it a top-notch option.
| Fee | ₹2 Lakhs (total expenses approx. ₹4 Lakhs) |
| Average Package | ₹27.22 LPA |
| Exams Accepted | TISSNET |
5. Vinod Gupta School of Management (VGSoM), IIT Kharagpur
Part of IIT Kharagpur, VGSoM integrates technology with management, delivering excellent ROI with a focus on analytics and consulting roles.
| Fee | ₹12 Lakhs (relatively low) |
| Average Package | ₹22.13 LPA |
| Exams Accepted | CAT |
6. Department of Financial Studies (DFS), Delhi University
DFS is a hidden gem for those aiming for a career in finance. With its incredibly low fees and solid placement records, it’s a great choice for aspiring finance professionals.
| Fee | ₹26,000 (total expenses approx. ₹1.5 Lakhs) |
| Average Package | ₹14.55 LPA |
| Exams Accepted | CAT |
7. Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE), Mumbai
SIMSREE is another Mumbai-based institution offering affordable management education with strong placement outcomes, especially in finance and marketing.
| Fee | ₹1.3 Lakhs (total expenses approx. ₹2.5 Lakhs) |
| Average Package | ₹14 LPA |
| Exams Accepted | CAT, CMAT, MAHCET |
8. Delhi School of Management (DSM), Delhi Technological University (DTU)
DSM, DTU is gaining prominence for its affordable fees and decent placements in technology and management roles.
| Fee | ₹4 Lakhs |
| Average Package | ₹14 LPA |
| Exams Accepted | CAT, CMAT |
9. Department of Commerce, Delhi School of Economics (DSE)
DSE combines affordability with excellent placement records, particularly in analytics, finance, and consulting domains.
| Fee | ₹30,000 (total expenses approx. ₹1.5 Lakhs) |
| Average Package | ₹13.94 LPA |
| Exams Accepted | CAT |
When considering an MBA, the cost of education should not overshadow the potential returns. Institutions like FMS, JBIMS, and TISS demonstrate that world-class education and career prospects can come at an affordable cost. Choose a college based on your career aspirations, preferred domain, and entrance exam performance.