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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 2024
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 2024 |
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| 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 2024
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.
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.
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
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 2024 |
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| Specialisation | Fee Category | Total Fee |
|
Fee per semester | ₹15,500/- |
| Total Fee | ₹62,000/- | |
2. Hindustan Online CODE
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 2024 |
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| Specialisation | Fee Category | Total Fee |
|
Fee per semester | ₹30,000/- |
| Total Fee | ₹1,20,000/- | |
3. DY Patil Vidyapeeth COL
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 2024 |
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| Specialisation | Fee Category | Total 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
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 Category | Total Fee |
|
Fee per semester | ₹33,750/- |
| Total Fee | ₹1,35,000/- | |
|
Fee per semester | ₹37,500/- |
| Total Fee | ₹1,50,000/- |
5. Jain Deemed To Be University Online
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 Category | Total Fee |
|
Fee per semester | ₹30,000/- |
| Total Fee | ₹1,20,000/- | |
|
Fee per semester | ₹35,000/- |
| Total Fee | ₹1,40,000/- | |
|
Fee per semester | ₹40,000/- |
| Total Fee | ₹1,60,000/- | |
|
Fee per semester | ₹50,000/- |
| Total Fee | ₹2,00,000/- |
6. Manav Rachna Centre for Distance & Online Education
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 Category | Total Fee |
|
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
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 Category | Total Fee |
|
Fee per semester | ₹37,500/- |
| Total Fee | ₹1,50,000/- |
8. Lovely Professional University (LPU) Online
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 Category | Total Fee |
|
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 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 Category | Total Fee |
|
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
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 Category | Total Fee |
|
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 2024
1. 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 Category | Total Fee |
|
Fee per semester | ₹50,000/- |
| Total Fee | ₹2,00,000/- |
2. 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 Category | Total Fee |
|
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/- |
