Pursuing an MBA does not always require paying high tuition fees. Several top institutes in India offer quality management programmes with excellent return on investment (ROI) at comparatively affordable fees. Colleges such as FMS Delhi, JBIMS Mumbai, TISS Mumbai, DFS Delhi, DoMS IIT Kanpur, SIMSREE Mumbai, and BITS Pilani are the top 7 MBA colleges with low fees and high ROI. The fees range from around Rs 48,500 per year at DFS Delhi to Rs 2.75 lakh per semester at BITS Pilani, while reported average salary packages range from Rs 15.10 LPA to Rs 32.27 LPA. This article highlights the fees, accepted entrance exams, cutoffs, and placement packages of the top MBA colleges with low fees and high ROI.
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ROI Analysis of Top 7 MBA Colleges With MBA Fees Under 10 lakhs
| College | ROI | Indicative salary-to-fee ratio |
| FMS Delhi | Exceptional | ~13.3 times |
| JBIMS Mumbai | Strong | ~3.1 times |
| TISS Mumbai | Excellent | ~14.1 times |
| DFS Delhi | Excellent | ~16 times |
| IIT Kanpur – DoMS | Good | ~3.7–4.2 times |
| SIMSREE Mumbai | Excellent | ~10.9 times |
| BITS Pilani | Moderate | ~1.5 times |
FMS Delhi
| Particulars | Highlights |
| Programmes | MBA Full Time, MBA Executive (Evening), MBA Executive HCA (Evening) |
| Entrance Exam Accepted | CAT (MBA Full Time) |
| Cutoff | General – 46.739 OBC – 35.189 EWS – 37.031 SC- 29.370 ST- 23.140 |
| Fees | Rs 60,818 per semester |
| Average Salary Package | Rs 32.27 LPA |
| Highest Salary Package | Rs 1.1 CPA |
JBIMS Mumbai (Jamnalal Bajaj Institute of Management Studies Mumbai)
| Particulars | Highlights |
| Programmes | Master of Management Studies (MMS) – Finance, Marketing, Operations, HR and Systems. |
| Entrance Exam Accepted | MAH-MBA CET |
| Cutoff | ~ 99.93 to 99.99 |
| Fees | Rs 4,22,175 per year |
| Average Salary Package | Rs 26.15 LPA |
| Highest Salary Package | Rs 80 LPA |
| Top 5 Recruiters | Accenture, BCG, Crisil, Deloitte, EY, JP Morgan Chase, Visa |
TISS Mumbai
| Particulars | Highlights |
| Programmes | Master of Arts in Human Resources Management & Labour Relations |
| Entrance Exam Accepted | CAT |
| Cutoff | 70 Overall Percentile (Sectional cut-offs: 60 VARC, 60 DILR, 60 QA) |
| Fees | Rs 2,03,500 (Total Fees) |
| Average Salary Package | Rs 28.69 LPA |
| Highest Salary Package | Rs 66 LPA |
| Top 5 Recruiters | Aditya Birla Group, Reliance Industries, Tata Administrative Services, Accenture Strategy & Consulting, AON, Deloitte, Egon Zehnder, EY |
DFS Delhi (Department of Finance Studies)Â
| Particulars | Highlights |
| Programmes | MBA – Finance and Business Economics |
| Entrance Exam Accepted | CAT |
| Cutoff | ~95 percentile |
| Fees | Rs 48,500 per year |
| Average Salary Package | Rs 15.50 LPA |
| Highest Salary Package | Rs 28.30 LPA |
| Top 5 Recruiters | DE Shaw & Co, Moody’s, ICICI Bank, Axis Bank, Insurance Dekho, Hero Fincorp |
Department of Management Sciences (DoMS), IIT Kanpur (Erstwhile IIT Kanpur DIME)
| Particulars | Highlights |
| Programmes | MBA (Marketing Management, Accounting and Finance, Organisation Structure andDesign, Economic Analysis for Management, Quantitative Methods for Decision-Making, Production and Operations Management System, Socio-Political andEthical Aspects of Business) |
| Entrance Exam Accepted | CAT |
| Cutoff | 80+ overall percentile |
| Fees | Rs. 7 lakhs (approx.) |
| Average Salary Package | Rs 18.2 LPA |
| Highest Salary Package | Rs 24 LPA |
| Top 5 Recruiters | EY, ICICI Bank, MasterCard, Cognizant, Deloitte, ITC, Oxane, Dell |
SIMSREE Mumbai (Sydenham Institute of Management Studies, Research and Entrepreneurship Education)
| Particulars | Highlights |
| Programmes | Master of Management Studies (MMS) – Marketing, Finance, Operations, HR and Systems |
| Entrance Exam Accepted | MBA CET, CMAT, CAT, MAT, ATMA |
| Cutoff | MBA CET: 99.67 – 99.75+ percentile CAT/CMAT/CET: 99.85+ percentile |
| Fees | Rs 69,000 per year |
| Average Salary Package | Rs 15.10 LPA |
| Highest Salary Package | Rs 22.50 LPA |
| Top 5 Recruiters | D’Decor, Dun & Bradstreet, Ernst & Young, State Bank of Hyderabad, Tata Communications Ltd. |
BITS Pilani
| Particulars | Highlights |
| Programmes | MBA(Master of Business Administration In Business Analytics) |
| Entrance Exam Accepted | BAAT and CAT/XAT/GMAT |
| Cutoff | ~75+ percentile for CAT~70+ to 75 percentile for XAT~ 620+ score for GMAT |
| Fees | Rs 2,75,000 per semester |
| Average Salary Package | Rs 16.57 LPA |
| Highest Salary Package | Rs 26 LPA |
| Top 5 Recruiters | KPMG, Axtria, Citi, Abbott, EY, Tata Capital, Accenture |
Conclusion
Choosing an MBA college with low fees and strong placement opportunities can significantly improve your return on investment. FMS Delhi, JBIMS Mumbai, TISS Mumbai, DFS Delhi, DoMS IIT Kanpur, SIMSREE Mumbai, and BITS Pilani are some of the options that you can opt for. Factors such as programme curriculum, location, placement record, entrance exam requirements, and career goals should also be considered before making a final decision.
FAQs
FMS Delhi, JBIMS Mumbai, TISS Mumbai, DFS Delhi, DoMS IIT Kanpur, SIMSREE Mumbai, and BITS Pilani are among the MBA colleges known for affordable fees and strong placement outcomes.
DFS Delhi and FMS Delhi are among the most affordable options on this list. DFS Delhi has annual fees of around Rs 48,500, while FMS Delhi charges around Rs 60,818 per semester.
FMS Delhi has the highest reported average salary package of Rs 32.27 LPA. Its comparatively low fees make it one of the most attractive MBA colleges in India in terms of ROI.
FMS Delhi, TISS Mumbai, DFS Delhi, and DoMS IIT Kanpur primarily accept CAT scores for their respective programmes. JBIMS Mumbai and SIMSREE Mumbai accept MAH MBA CET, while SIMSREE also considers exams such as CAT, CMAT, MAT, and ATMA. BITS Pilani accepts BAAT along with CAT, XAT, or GMAT scores.
