Choosing the right MBA college is a big decision, especially when you have a limited budget. Whether you want to build a career in marketing, finance, consulting, business analytics or general management.
Several government institutions, IITs, NITs and public universities in India offer full-time management programmes at comparatively affordable fees.
Each college has its own admission criteria, fee structure, specialisations and placement opportunities. That's why it's worth looking beyond the course fee and comparing what each institution offers.
Top MBA Colleges Under ₹10 Lakh in India
|
MBA College |
Location |
Fee information for 2026 |
|---|---|---|
|
New Delhi |
₹2.43 lakh academic fee |
|
|
Chandigarh |
Approximately ₹4.45 lakh |
|
|
Dhanbad |
Approximately ₹4.64 lakh |
|
|
Hyderabad |
Approximately ₹2.25 lakh |
|
|
Ranchi |
₹7.84 lakh approximate |
|
|
Delhi School of Economics |
New Delhi |
Check programme-specific fee |
|
DFBE, University of Delhi |
New Delhi |
Check current programme fee |
|
New Delhi |
Check current prospectus |
|
|
Varanasi |
Check current programme fee |
|
|
Mumbai |
Check current fee |
|
|
PUMBA |
Pune |
Check current MBA fee |
|
Kanpur |
Check current fee schedule |
|
|
Roorkee |
Check current fee schedule |
|
|
Tiruchirappalli |
Check MBA-specific fee schedule |
|
|
Rourkela |
Check current fee schedule |
|
|
NIT Durgapur |
Durgapur |
Check MBA-specific fee schedule |
|
New Delhi |
Check regular MBA fee |
|
|
Chennai |
Check current regular MBA fee |
|
| IIT Jodhpur, School of Management and Entrepreneurship | Jodhpur | Approximately ₹9 lakh in tuition |
Best MBA Colleges
Students who want to keep their education expenses low can begin their search with government institutions and university-affiliated management departments.
1. Faculty of Management Studies (FMS), Delhi
FMS Delhi is one of the most sought-after options for students looking for an affordable MBA from a well-known management institution.
The institute offers a full-time MBA programme through the University of Delhi. Its comparatively low academic fee makes it attractive to candidates who want to reduce their education expenses while targeting competitive management roles.
Key highlights:
-
Location: New Delhi
-
Programme: Full-time MBA
-
Entrance examination: CAT
-
Approximate academic fee: ₹2.43 lakh for the 2026–28 programme
Official website: https://fms.edu/
2. Delhi School of Economics, University of Delhi
The Department of Commerce at Delhi School of Economics offers management programmes including MBA International Business, MBA Human Resource Development and MBA Business Analytics.
Key highlights:
-
Location: Delhi
-
Programmes: MBA International Business, MBA HRD and MBA Business Analytics
-
Entrance examination: CAT, as prescribed by the programme
-
Fees: Check the latest programme-specific fee notification
Official website: https://www.commerce.du.ac.in/
3. Jamia Millia Islamia, New Delhi
Jamia Millia Islamia is a central university that offers management education through its relevant departments and programmes.
Key highlights:
-
Location: New Delhi
-
Programme: MBA and applicable management specialisations
-
Entrance examination: As specified in the current admission notification
-
Fees: Programme-dependent and subject to revision
Official website: https://www.jmi.ac.in/
4. University Business School, Panjab University
University Business School (UBS), Chandigarh, is another option for students searching for an affordable, full-time MBA.
The school offers management programmes within the Panjab University system. Students can explore its general MBA and other specialisations, subject to the current admission notification.
Key highlights:
-
Location: Chandigarh
-
Programmes: MBA and eligible specialisations
-
Entrance examination: CAT, as prescribed by the programme
-
Fees: Vary by programme and applicable charges
Official website: https://ubs.puchd.ac.in/
5. Department of Management Sciences (PUMBA), Pune
PUMBA operates under Savitribai Phule Pune University and offers a full-time MBA programme.
Key highlights:
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Location: Pune, Maharashtra
-
Programme: Full-time MBA
-
Entrance route: MAH MBA CET and other routes, where applicable under current admission rules
-
Fees: Confirm the latest programme fee and category-specific charges
Official website: https://www.pumba.in/
6. IIT (ISM) Dhanbad
IIT (ISM) Dhanbad offers full-time MBA programmes, including MBA Business Analytics. It can be a relevant option for candidates interested in management education within an IIT environment.
Key highlights:
-
Location: Dhanbad, Jharkhand
-
Programmes: MBA and MBA Business Analytics
-
Entrance examination: CAT
-
Fees: Published semester-wise, with mess charges listed separately
Official website: https://www.iitism.ac.in/home-mba
7. Institute of Management Studies, Banaras Hindu University
BHU offers management programmes through its management faculty, including MBA and MBA International Business.
Its established university environment and relatively affordable fee structure make it worth considering for students comparing public-university MBA options.
Key highlights:
-
Location: Varanasi, Uttar Pradesh
-
Programmes: MBA and MBA International Business
-
Entrance examination: CAT, as prescribed for the programme
-
Fees: Check the current admission brochure
Official website: https://www.bhu.ac.in/
MBA Colleges Under ₹10 Lakh: Understanding Return on Investment
Return on investment (ROI) is an important factor when choosing an MBA college, especially if you're planning to finance your education through a loan.
A simple comparison between salary and course fees can be useful for shortlisting colleges, but it doesn't tell the whole story. Your actual financial outcome will also depend on living expenses, loan interest, taxes and how your career progresses after graduation.
MBA Admission Process in India
The MBA admission process varies from one institution to another. Here's how the process generally.
Step 1: Check the eligibility criteria
Step 2: Choose the right entrance exam
Step 3: Submit college applications
Step 4: Review the shortlisting criteria
Step 5: Attend further selection rounds
Step 6: Complete document verification
Step 7: Confirm your admission
Eligibility Criteria for MBA Colleges
- A bachelor's degree from a recognised university.
- Minimum graduation marks as prescribed by the institution.
- A valid score in an accepted entrance examination, where required.
- Participation in additional selection rounds, if applicable.
Popular Entrance Exams for MBA Colleges Admission
| Entrance Exam | Relevant Institutions |
| CAT | FMS Delhi, IIT Kanpur, IIT (ISM) Dhanbad, DSE and other participating institutions |
| XAT | Colleges that explicitly accept XAT under their admission rules |
| CMAT | Participating management institutions and applicable admission processes |
| MAH MBA CET | Maharashtra MBA/MMS admissions through the applicable state process |
| MAT | Institutions that accept MAT for the specific programme |
| TANCET | Participating Tamil Nadu MBA programmes and counselling |
How to Choose the Best MBA College Under ₹10 Lakh
Here are seven things to consider before making your decision.
1. Calculate the Total Cost
2. Check the Latest Placement Report
3. Compare Entrance Exam Requirements
4. Choose a Suitable Specialisation
5. Consider the College Location
6. Verify Recognition and Accreditation
7. Apply to a Balanced List of Colleges