In India, the MBA fees vary from RS. 15,000 to RS. 35 lakh. Government colleges charge less than private ones because the state or federal government financially supports them. The Indian Institutes of Management, sometimes known as IIMs, are the most sought-after and highly acclaimed MBA colleges in India, charging between Rs 16 lakhs and Rs 23 lakhs. Even among the IIMs, the fees differ. The IIM Ahmedabad MBA fee is Rs. 23 lakh.
The remaining top MBA colleges in India are on par with IIMs regarding fees; for instance, SPJIMR, MDI Gurgaon, IIFT Delhi, and XLRI charge between Rs. 14 lakhs and Rs. 27 lakhs. However, students may be relieved to know that many top MBA colleges charge relatively low fees while keeping an excellent placement record; this includes FMS Delhi and JBIMS Mumbai.
The distance education fees for an MBA range from RS. 1,50,000 to RS. 2,00,000, making them relatively affordable compared to other MBA course categories. For example, the fee for studying an MBA from IGNOU is only RS. 37,800, making it considerably more inexpensive than many other colleges that offer distance education in MBA. Certain universities, such as LPU, also offer scholarships to students who meet their MBA eligibility requirements very well. Top universities offer MBA admissions based on exam scores such as CAT, MAT, XAT, SNAP, and CMAT.
The cost of the course, however, will depend on the hostel's facilities, the quality of the infrastructure, the courses chosen, and, above all, the institution's reputation. Students consider the affordability of fees as a significant factor when choosing an MBA college in India.
Factors Affecting 2025 MBA Fees in India
The following factors greatly affect the MBA program fees offered by various Indian universities:
Main Patterns in Indian MBA Fees
The annual MBA fee at IIMs and Top MBA Colleges is on the rise.
Year after year, prestigious MBA institutions like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, and MDI Gurgaon consistently increase their fees. Typically, these hikes begin at the start of the academic year.
Reasonable MBA Colleges in India
In government institutions or affiliated colleges, some MBA programs offer affordable tuition fees. For example, FMS Delhi of Delhi University offers an MBA program for RS. 20,960, while UBS Chandigarh charges RS. 47,890 for the same degree. For Rs. 1.36 lakhs, SIMSREE, an MBA college affiliated with Mumbai University, offers an MBA/PGDBM program. On the other hand, PUMVA Pune, which is a part of Pune University, provides an MBA program for Rs. 1.31 lakh.
There are several MBA programs in Delhi and Bangalore with tuition fees below Rs. 5 lakh. Some of the MBA programs available for less than Rs. 4 lakhs include Delhi University, Guru Gobind Singh Indraprastha University in Delhi, Bangalore University, VTU Bangalore, and Mumbai University.
MBA College Admission Process
Students should choose their preferred specialty—finance, marketing, HR, operations management, business analytics, international business, or IT—before starting an MBA program in India. They should then list the organizations that provide the intended program. Usually needing 2–5 years of professional experience to apply, students must have a bachelor's degree from a reputable university with at least 50% marks (45% for reserved categories).
One also has to clear entrance tests, including MAT, XAT, or CAT. Students who achieve the minimum cutoff marks in these tests are eligible for further rounds, which include group discussion (GD) to assess communication skills and group dynamics, a personal interview (PI) to evaluate personality, motivation, and competency for the program, and a written ability test (WAT) to assess written communication skills and thought process.
Final admission is determined by a merit list that weighs students' entire performance on the entrance exam, GD, PI, and WAT. Paying the application fee and finishing document verification helps students guarantee their seats.
The Top B-School MBA Admissions Process
You can find the list of the top government MBA colleges in India, including their fees, in the table below. This table also highlights government MBA colleges with affordable fees, making it easier for candidates seeking lower-cost options to choose from.
Institute |
MBA Total Fees (in Rs. lakh) |
IIM Ranchi |
15.3 |
IIM Raipur |
15.62 |
IIM Nagpur |
13.75 |
IIM Sambalpur |
13.08 |
IIM Sirmaur |
16 |
IIM Shillong |
15 |
IIM Amritsar |
17.3 |
IIM Kashipur |
17.3 |
IIM Rohtak |
17.9 |
IIM Visakhapatnam |
18.25 |
IIM Calcutta |
19 |
IIM Kozhikode |
20.5 |
IIM Udaipur |
20.43 |
IIM Trichy |
19.5 |
IIM Indore |
21.14 |
IIM Lucknow |
21 |
IIM Bangalore |
24 |
IIM Ahmedabad |
25 |
Review the tuition fees for MBA programs at leading private colleges in India known for their excellence in the field of Master of Business Administration.
Name of the College |
Total Course Fee |
TAPMI Manipal |
Rs 17.34 lakhs |
MDI Gurgaon |
Rs 24.99 lakhs |
XLRI Xavier College of Management, Jamshedpur |
Rs 25.80 lakhs |
SPJIMR, Mumbai |
Rs 24 lakhs |
Great Lakes, Chennai |
Rs 15.86 lakhs |
IGNOU MBA Fee Structure
Compared to other MBA programs in India, IGNOU's fees are rather reasonable. Based on the most recent data, the MBA program at IGNOU costs roughly RS. 37,800 total.
The IGNOU MBA program consists of twenty-one courses, each costing Rs. 64,000.
There are numerous B-schools in India where the MBA tuition fees are below one lakh rupees. The University Grants Commission (UGC) duly recognizes all these institutions despite their affordable fees. Here's a compilation of well-known MBA colleges with fees below Rs. 1 lakh.
MBA Colleges Name |
Course Name |
Fee Structure |
Department of Financial Studies, University of Delhi |
MBA in Financial Management |
Rs 26,000 |
Amity University |
PGD in Health and Wellness Management |
Rs 54,000 |
University Business School, Chandigarh-Panjab University |
MBA HRM |
Rs 47,890 |
BK School of Business Management |
PGP Foreign Trade Management |
Rs 33,170 |
Jamia Millia Islamia-JMI |
MBA in International Business |
Rs 20,960 |
Department of Financial Studies, University of Delhi |
MBA in Financial Management |
Rs 26,000 |
Gauhati University - GU |
Master of Business Economics |
Rs 14,090 |
CUSAT - Cochin University of Science and Technology |
MBA |
Rs 42,000 |
Gujarat University |
PGD Export-Import & International Finance |
Rs 6,000 |
Maharshi Dayanand University Center, Dwarka |
MBA |
Rs 48,000 |
Indian Institute of Social Welfare and Business Management-IISWBM |
PGD Supply Chain and Logistics Management |
Rs 70,000 |
Andhra University, Visakhapatnam |
MHRM |
Rs 24,440 |
University College of Commerce and Business Management, Osmania University |
MBA Technology Management Programme |
Rs 20,000 |
Tata Institute of Social Sciences, Mumbai |
PG Diploma in Community Media |
Rs 40,600 |
Doon University |
PGD Security Management |
Rs 40,000 |
Garware Institute of Career Education and Development, University of Mumbai |
PGD Retail Management |
Rs 65,420 |
Utkal University |
PGD Banking & Insurance Management |
Rs 40,600 |
YMCA-New Delhi |
PGD Aviation & Tourism Management |
Rs 61,256 |
Department of Management Studies, Anna University |
MBA |
Rs 56,550 |
AMU - Aligarh Muslim University |
PGD Public Relations |
Rs 3,500 |