Top 10 Cheapest (Most Affordable) Online MBA Degree India In 2022
Online & Distance MBA

Top 10 Cheapest (Most Affordable) Online MBA Degree India In 2022

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An MBA is a quite prosperous but equally expensive course to pursue. An MBA is a 2-year postgraduate program with an average fee of approximately ₹10 lac per year. However, you do not need to worry about that now because of the online MBA programs.

The MBA programs in the online mode are the cheapest and most affordable by all sections of society while maintaining the quality and standards of the course curriculum. This blog has listed the top 10 cheapest and most affordable MBA online colleges in India along with their fee structures and other important details.   

10 Cheapest Online MBA In India 2022 

When it comes to affordable but the best MBA program, then an online MBA can be considered the best choice. We will go into more detail about the online MBA courses, the facilities offered by online colleges, and if it is worth it or not. But first, let us see some of the cheapest online MBA colleges in India.     

Cheapest MBA Online Colleges India 2022

S.No. College Name Total Fee for Online MBA
IGNOU ₹62,000/-
2.Hindustan Online Centre for Open and Digital Education ₹1,20,000/-
3.DY Patil Vidyapeeth Centre for Online Learning ₹1,30,000/-
4.UPES ₹1,35,000/-
5.Jain Online University₹1,40,000/-
6.Manav Rachna Centre for Distance and Online Education ₹1,44,000/-
7.Online Manipal University ₹1,50,000/-
8.Lovely Professional University (LPU)₹1,56,000/-
9.NMIMS ₹1,64,000/-
10.ICFAI Hyderabad ₹2,00,000/-

P.S- The above list was made keeping in mind not just the fee but the quality of the online MBA course and other facilities as well. Towards the end, we have mentioned two more online MBA colleges whose fees are a little higher but because of the quality of the online MBA curriculum they offer and the facilities provided to the students, these two colleges couldn’t be ignored and made it to the list. 

Most Affordable (Cheapest) MBA Online Colleges In India 2022

Master of Business Administration (MBA) is an extremely popular and desired postgraduate course for all the right reasons. The career and job opportunities after an MBA are marvellous and in diverse sectors. However, before these lucrative job opportunities, first comes the huge fee structure needed by an MBA program. 

In India, there are only a handful of government colleges that offer good quality MBA courses that have affordable fee structures. Therefore, private B-schools are more preferred when it comes to an MBA program. The quality and standards of education needed for an MBA program are better provided by these private B-schools in comparison to most government institutions. 

 Average Fee For Offline MBA

However, these courses are extremely expensive. The fee structure for the best B-school in India, i.e, IIM Ahmedabad is a whopping ₹23 lakhs for 2 years. Other top private B-schools also have similar fee structures. 

This huge MBA fee left a lot of aspiring candidates stranded as they couldn’t afford to pursue it. This was a huge problem as a lot of eligible students could not enrol and so their talent was not put in the right direction. 

Average Fee For Online MBA 

In order to bridge this gap, many top colleges came up with online MBA programs. These online MBA programs are a lot cheaper than the regular offline MBA programs. The reason is that the cost of infrastructure is not applicable in the case of online education. You do not have to go to the college, or stay at the college hostel, or use any other college infrastructure. The cost of relocation is also saved. You just have to pay for the online course material and the education you receive through the online learning platform. Also Read | Online MBA Fees Along with Affordable Colleges.

Let us now discuss these online colleges in detail and understand why an online MBA is the best choice when it comes to the cheapest yet the best MBA curriculum. 

1. IGNOU

IGNOU

Indira Gandhi National Open University (IGNOU) is a government-operated national university. The university is known for its open/distance programs, however, it has now ventured into providing completely online programs as well. The aim is to offer affordable and quality higher education to the marginalised.

IGNOU has been recognised by UGC-DEB to offer online courses. Additionally, IGNOU is recognised and accredited by AICTE, NCT, INC, and NAAC (A++). 

Given below are the detailed fee structure and the specialisations offered by IGNOU for their Cheapest online MBA program. Detailed guide.

IGNOU Online MBA 2022

Specialisation Fee CategoryTotal Fee 
  1. Marketing Management 
  2. Financial Management 
  3. Human Resource Management 
  4. Operations Management 
  5. Services Management 
Fee per semester ₹15,500/- 
Total Fee ₹62,000/- 

2. Hindustan Online CODE 

Hindustan University

Hindustan Online Centre for Open and Digital Education (CODE) offers MBA in a blended online and distance mode. In this mode, students have the facility for studying in the online mode using the LMS facility, however, they have to give exams in the offline mode. 

The university is well known for its postgraduate programs and also offers placement assistance and career counselling to the students. Hindustan Online CODE is recognized by UGC-DEB to offer online programs. Other accreditations include AICTE, NAAC (A), NIRF ranking (107). 

Given below are the detailed fee structure and the specialisations offered by Hindustan Online CODE for their online MBA affordable program. Detailed information.

Hindustan CODE MBA 2022

Specialisation Fee CategoryTotal Fee 
  1. Finance 
  2. Human Resource Management 
  3. Marketing 
  4. FinTech 
  5. Operations Management 
  6. Marketing and Finance 
  7. General Management 
  8. Healthcare Management
  9. Aviation Management 
  10. Logistics and Supply Chain Management 
  11. Analytics and Data Science 
  12. Project Management 
  13. Information Technology Management 
  14. Digital Marketing and e-commerce 
  15. Sports Management 
  16. Marketing and Human Resource 
Fee per semester ₹30,000/- 
Total Fee ₹1,20,000/- 

3. DY Patil Vidyapeeth COL

Dr D.Y. Patil Vidyapeeth Online

Dr. D.Y. Patil Vidyapeeth- Centre for Online Learning (DPU-COL) is a prestigious university that offers online courses in Management domain only. The online MBA course offered by the university is known for the wide range of specialisations it offers. 

The university gives placement assistance to their students with the help of their placement collaborating companies like Bajaj Capital, HDFC Bank, American Express, Apollo Munich Health Insurance, and Dr. D.Y. Patil Hospital. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, AIU, WES, ACU, ISO, NAAC (A++), and NIRF. Detailed guide.

Given below is the detailed fee structure and the specialisations offered by DPU-COL for their online MBA program

DY Patil COL MBA 2022

Specialisation Fee CategoryTotal Fee 
  – Artificial Intelligence & Machine Learning

  – Blockchain Management

  – Business Analytics Management 

  – Digital Marketing 

  – Finance Management 

  – FinTech Management 

  – Hospital Administration & Healthcare Management 

  – Human Resource Management

  – IT Management

  – International Business Management

  – Logistics, Materials, and Supply Chain Management 

  – Marketing Management

  – Operations Management

  – Project Management

For Indian Students 
Fee per semester  Semester 1- ₹35,000/-
Semester 2- ₹35,000/-
Semester 3- ₹30,000/-
Semester 4- ₹30,000/- 
Total Fee ₹1,30,000/- 
For Indian Defence / Differently Abled Students 
Fee per semester  Semester 1- ₹35,000/-
Semester 2- ₹35,000/-
Semester 3- ₹30,000/-
Semester 4- ₹25,000/- 
Total Fee ₹1,25,000/- 
For DPU Staff/Alumni 
Fee per semester  Semester 1- ₹35,000/-
Semester 2- ₹35,000/-
Semester 3- ₹30,000/-
Semester 4- ₹15,000/- 
Total Fee ₹1,15,000/- 
For international students 
Fee per semester  Semester 1- $650/-
Semester 2- $650/-
Semester 3- $675/-
Semester 4- $725/- 
Total Fee $2,700/- 

4. UPES ODL 

upes university

University of Petroleum and Energy Studies (UPES) situated in Dehradun is renowned for its online MBA programs, especially in the specialisations related to Petroleum and Energy Studies. 

The university offers amazing placement assistance services to its students. The university is famous for offering a dynamic set of specialisations for its online MBA program. The university is recognised by UGC-DEB to offer online education. 

 

The fee structure differs for a few specialisations. Given below are the detailed fee structure and the specialisations offered by UPES for their online MBA program. Click here for more info.

Specialisation Fee CategoryTotal Fee 
  1. Business Analytics 
  2. Finance 
  3. Human Resource 
  4. International Business 
  5. Logistics Supply Chain Management 
  6. Marketing 
  7. Operations 
Fee per semester ₹33,750/- 
Total Fee ₹1,35,000/- 
  1. Aviation Management 
  2. Oil and Gas 
  3. Power Management
Fee per semester ₹37,500/- 
Total Fee₹1,50,000/-

5. Jain Deemed To Be University Online 

Jain Online University

Jain Deemed To Be University online is famous for its affordable online MBA program. It is also very much renowned for the numerous online MBA specialisations it offers. Jain Online offers a total of 24 online MBA specialisations. The university has dedicated cells to offer placement assistance services and career support guidance. The university is recognised by UGC-DEB to offer online education. 

The Fee structure is different for different specialisations. Given below are the detailed fee structure and the specialisations offered by Jain Online University for their online MBA program. Detailed info.

Specialisation Fee CategoryTotal Fee 
  1. Finance 
  2. General Management 
  3. Human Resource 
  4. Marketing 
Fee per semester ₹30,000/- 
Total Fee ₹1,20,000/- 
  1. Aviation Management
  2. Entrepreneurship and Leadership
  3. Finance and Marketing 
  4. IT Management 
  5. Human Resource and Finance 
  6. Project Management 
  7. Marketing and Human Resource 
Fee per semester ₹35,000/- 
Total Fee ₹1,40,000/- 
  1. Healthcare Management 
Fee per semester ₹40,000/- 
Total Fee ₹1,60,000/- 
  1. Advertising & Branding
  2. Banking and Finance 
  3. Business Intelligence and AI (Accredited by AI Society, UK) 
  4. Business Intelligence and Analytics (Accredited by IoA, UK) 
  5. Data Science & Analytics 
  6. Digital Marketing and E-commerce
  7. Finance and Leadership (Accredited by CIMA, UK) 
  8. FinTech 
  9. International Finance (Accredited by ACCA, UK)
  10. International Marketing (Accredited by CIM, UK) 
  11. Investment Banking and Equity Research 
  12. Logistics and Supply Chain 
Fee per semester ₹50,000/- 
Total Fee ₹2,00,000/- 

6. Manav Rachna Centre for Distance & Online Education 

Manav Rachna University

Manav Rachna Centre for Distance and Online Education is another renowned online college offering an online MBA program. The pedagogy for the online MBA program at Manav Rachna is industry-oriented. The program curriculum is designed in a way that is flexible for working professionals. 

The university gives placement assistance to their students with the help of their placement collaborating companies like HCL, IBM, HP, Voltas, Federal Bank, VLCC, etc. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, NAAC, and QS. 

Given below are the detailed fee structure and the specialisations offered by Manav Rachna for their online MBA program.

Specialisation Fee CategoryTotal Fee 
  1. Banking and Insurance 
  2. Entrepreneurship and Small Business 
  3. Finance 
  4. Human Resource 
  5. International Business 
  6. Logistics and Supply Chain Management 
  7. Marketing 
  8. Waste Management  
For Semester-wise Payment
Fee per semester ₹36,000/- 
Total Fee ₹1,44,000/- 
For Year-wise Payment 
Fee per semester ₹67,500/-
Total Fee₹1,35,000/-
For One-time Payment 
Total Fee ₹1,26,000/-

7. Online Manipal University 

Manipal Online University

Online Manipal University is one of the top online universities in the country. It offers an excellent MBA curriculum. The flexible curriculum allows you to learn at your own pace. The curriculum is delivered by experienced faculty and real world mentors. 

The university gives placement assistance to their students with the help of their placement collaborating companies like Amazon, Accenture, Axis Bank, American Express, Dell, Bajaj Finserv, ICICI Bank, etc. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, AIU, NAAC, and NIRF. 

Given below is the detailed fee structure and the specialisations offered by Online Manipal University for their online MBA program. Detailed information.

Specialisation Fee CategoryTotal Fee 
  1. Analytics & Data Science 
  2. Banking, Financial Services, and Insurance 
  3. Human Resource 
  4. Finance 
  5. Marketing 
  6. IT & FinTech 
  7. Operations 
  8. Retail 
Fee per semester ₹37,500/- 
Total Fee ₹1,50,000/- 

8. Lovely Professional University (LPU) Online 

Lovely Professional University

The Lovely Professional University online is one of the best universities in India especially for its online courses. It is not just famous in India but is known globally as well. The university has its own LMS to offer a smooth learning environment. Students are given industry exposure with the help of webinars, live interaction with industry veterans and leaders, alumni meet, and much more. 

The placement assistance facility offered by LPU is amazing. There are separate cells that are dedicated to help and guide students in their future career path. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, NAAC, NIRF, and World University Ranking. 

Given below is the detailed fee structure and the specialisations offered by LPU for their online MBA program. Detailed info.

Specialisation Fee CategoryTotal Fee 
  1. Finance 
  2. Data Science 
  3. Marketing 
  4. Human Resource 
Fee per semester ₹35,000/- 
Exam Fee per semester ₹4,000/-
Total Fee (semester-wise)₹1,56,000/- 
Total Fee (one-time payment)₹1,42,000/- 
Early Decision Benefit 
Fee per semester ₹26,250/- 
Exam Fee per semester ₹4,000/-
Total Fee (semester-wise)₹1,21,000/- 
Total Fee (one-time payment)₹1,07,000/- 

9. NMIMS Global 

Narsee Monjee Institute of Management Studies

Narsee Monjee Institute of Management Studies Global Access School for Continuing Education is a big brand when it comes to Management education. The institute offers a variety of management courses out of which the online MBA program is the most renowned. The personalised career counselling and placement assistance is one of the best at NMIMS. The institute has its own LMS with various advanced facilities.     

The MBA program offered by NMIMS is in the Blended and ODL mode. The university is recognised by UGC-DEB to offer online education. Other accreditations include NAAC (A+), NIRF, etc. 

Given below are the detailed fee structure and the specialisations offered by NMIMS global for their online MBA program. Detailed guide.

Specialisation Fee CategoryTotal Fee 
  1. Information Technology and Systems Management 
  2. Retail Management
  3. Supply Chain Management
  4. Marketing Management 
  5. International Trade Management 
  6. Banking and Finance Management 
  7. Financial Management
  8. Human Resource Management
  9. Operations Management 
  10. Business Management  
Pro Mode (live classes + recorded lectures)
Fee per semester ₹41,000/- 
Total Fee (semester-wise payment)₹1,64,000/- 
Fee per year ₹77,500/- 
Total Fee (year-wise payment)₹1,55,000/- 
Total Fee (one-time payment)₹1,44,000/- 
Prime Mode (only recorded lectures)
Fee per semester ₹35,000/- 
Total Fee (semester-wise payment)₹1,40,000/- 
Fee per year ₹65,500/- 
Total Fee (year-wise payment)₹1,31,000/- 
Total Fee (one-time payment)₹1,20,000/- 

10. ICFAI Hyderabad Online 

ICFAI University

Institute of Chartered Financial Analysts of India (ICFAI) Centre for Distance and Online Education is one of the top Management institutes in the country. Their online MBA program is equally renowned as their regular offline program. 

The university gives excellent placement assistance to their students with the help of their placement collaborating companies like Google, HCL, Deloitte, IBM, Oracle, Airtel, etc. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, NAAC (A+), and NIRF. 

Given below are the detailed fee structure and the specialisations offered by ICFAI for their online MBA program. Detailed information.

Specialisation Fee CategoryTotal Fee 
  1. Human Resource Management
  2. Finance 
  3. Marketing 
  4. IT and Operations 
Fee per semester Semester 1- ₹65,000/-

Semester 2- ₹45,000/- 

Semester 3- ₹65,000/-

Semester 4- ₹45,000/-  

Total Fee ₹2,00,000/- 

These were the 10 best and cheapest online MBA colleges. However, as mentioned above, we have two more online MBA colleges whose fees are a little higher than the 10 we have mentioned above but can not be ignored because of the quality of education and excellent facilities they offer.  

Other Affordable (Cheapest) MBA Colleges In India 2022

1. Chandigarh Online University

Chandigarh Online University 

Chandigarh University online is an apex institute and has now ventured into offering online programs as well. The online MBA program offered by Chandigarh University is well known as the curriculum is industry oriented.  

The university gives placement assistance to their students with the help of their placement collaborating companies like Birla, HDFC Bank, Panasonic, Deloitte, TCS, etc. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, AIU, NAAC (A+), etc. 

Given below are the detailed fee structure and the specialisations offered by Chandigarh University for their online MBA program. Detailed information.

Specialisation Fee CategoryTotal Fee 
  1. Entrepreneurship 
  2. Human Resource 
  3. Marketing 
  4. International Business Management
Fee per semester ₹50,000/- 
Total Fee ₹2,00,000/- 

2. Amity University Online

Amity University Online

Amity University Online is one of the best universities in India whether you talk about offline programs or online programs. The online Amity university is especially very famous for its online MBA program and the varied specialisations it offers. They have their own LMS and the university has an active alumni network. There are several networking events including webinars, alumni meets, and live interactive sessions with globally renowned personalities. 

The university gives excellent placement assistance to their students with the help of their placement collaborating companies likeTCS, HCL, Reliance, Concentrix, Byju’s, Amazon, etc. The university is recognised by UGC-DEB to offer online education. Other accreditations include AICTE, AIU, WES, ACU, NAAC (A+), QS world Ranking, and NIRF. 

Given below are the detailed fee structure and the specialisations offered by Amity University for their online MBA program. Detailed information.

Specialisation Fee CategoryTotal Fee 
  1. Marketing & Sales Management
  2. Entrepreneurship & Leadership Management 
  3. Finance & Accounting Management 
  4. Human Resource Management 
  5. Information Technology Management
  6. International Business Management 
  7. Production and Operations Management 
  8. Retail Management 
  9. Global Finance Market 
  10. Hospitality Management 
  11. Insurance Management 
  12. Petroleum & Natural Gas Management
Fee per semester ₹70,000/- 
Total Fee (semester-wise payment)₹2,80,000/- 
Fee per year ₹1,32,000/- 
Total Fee (year-wise payment)₹2,64,000/-
Total Fee (one-time payment)₹2,55,000/- 

FAQs About Cheapest Online MBA Course 

⭐Which is the cheapest MBA college? 

The cheapest MBA is the online MBA from IGNOU. The total fee for an online MBA from IGNOU is ₹62,000 only. 

⭐Which is the best and cheapest college for MBA?

There are a lot of online colleges that offer excellent online MBA courses that are extremely affordable. Some of the best ones are- NMIMS, UPES, LPU, Jain Online, etc. 

⭐Is online MBA good from Amity University?

Amity University is a well known university in India specially for its online MBA course. They have their own LMS and the university has an active alumni network. There are several events of networking including webinars, alumni meets, and live interactive sessions with globally renowned personalities. The university gives excellent placement assistance to their students.

⭐How is online MBA from LPU?

The Lovely Professional University is one of the best universities in India especially for its online courses. LPU is known worldwide for its online MBA course because of its industry relevant curriculum, expert faculty, and excellent pedagogy. The placement assistance facility offered by LPU is amazing. The university has its own LMS to offer a smooth learning environment. Students are given industry exposure with the help of webinars, live interaction with industry veterans and leaders, alumni meet, and much more. 

⭐Does IGNOU offer online MBA or Distance MBA? 

IGNOU earlier offered only the distance MBA program. However, the prestigious university has now started a full-time online MBA program as well. So, the university offers both distance MBA and Online MBA programs separately. 

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