Best MBA Colleges Under 10 Lakhs - Several reputed institutes in India are offering MBA courses with fees below Rs 10 lakh while providing strong placement opportunities. Candidates who wish to take MBA 2027 admission at colleges that have low fees but offer high MBA placement packages can check institutes such as FMS Delhi, IIT Kanpur, JMI, and IMS BHU. These institutes stand out for their combination of affordable education and good placement outcomes, with the MBA highest salary reaching 1 crore and the lowest being as low as 50,000. This article covers the best MBA colleges under Rs 10 lakh, along with their fees, placement performance, median salaries, and key institute details.
FMS Delhi offers the highest median salary of Rs 29.59 LPA against a fee of just Rs 2.43 lakh, making it the strongest option in terms of ROI. Candidates can check the table below comparing the MBA fee and placement of the colleges.
Colleges | MBA Fee | Median Salary 2023-25 |
8,00,000 | 16.50 LPA | |
NIT Tiruchirappalli | 2,91,700 | 8.50 LPA |
FMS New Delhi | 2,43,272 | 29.59 LPA (2024-26) |
JMI New Delhi | 53,750 - 1,24,000 | 16.00 LPA |
IMS BHU | 50,00 - 1,00,000 | 9,20,000 |
IIT Kanpur's Department of Management Sciences (DoMS) offers an MBA at an approximate fee of Rs 8 lakh. The institute, established in 1959, has a strong academic reputation and was ranked 27th in the NIRF 2025 rankings.
Components | Details |
Established Year | 1959 |
Institute Type | INIs |
NIRF Ranking (2025) | 27 |
Total Students | 204 |
Total Male | 180 |
Total Female | 24 |
Outside State | 153 |
Within State | 48 |
Total faculty | 30 |
Fee (approx.) | 8,00,000 |
IIT Kanpur reported 100% placement among students considered for placement after accounting for students who opted for higher studies. Despite the recent decline, the latest median salary remains double of the programme fee, highlighting the institute's strong value proposition.
Category | 2022–23 | 2023–24 | 2024–25 |
Students Admitted | 39 | 54 | 135 |
Students Graduating | 39 | 49 | 135 |
Students Placed | 37 | 44 | 122 |
Opted for Higher Studies | 2 | 5 | 13 |
Placement % | 100% | 100% | 100% |
Median CTC (₹) | 17,25,000 | 19,90,000 | 16,50,000 |
With an approximate fee of Rs 2.92 lakh, NIT Tiruchirappalli is considerably more affordable than many premier management institutes. The institute was established in 1978 and secured 57th position in the NIRF 2025 rankings.
Components | Details |
Established Year | 1978 |
Institute Type | Constituent Colleges |
NIRF Ranking (2025) | 57 |
Total Students | 196 |
Total Male | 132 |
Total Female | 64 |
Outside State | 123 |
Within State | 73 |
Total faculty | 16 |
Fee (approx.) | 2,91,700 |
While the MBA median salary at NIT Tiruchirappalli has remained stable in the last three years the placement percentage has declined.
Category | 2022–23 | 2023–24 | 2024–25 |
Students Admitted | 98 | 89 | 96 |
Students Graduating | 91 | 87 | 95 |
Students Placed | 88 | 79 | 77 |
Opted for Higher Studies | 0 | 4 | 2 |
Placement % | 96.70% | 95.18% | 82.80% |
Median CTC (₹) | 8,70,000 | 8,70,000 | 8,50,000 |
In the list of MBA colleges with low fees, FMS stands out the most. FMS is among the strongest ROI focused B-Schools.
Components | Details |
Established Year | 1954 |
Institute Type | Constituent Colleges |
Ownership | Public |
Campus size | 7 acres |
Batch size | 307 |
Students placed | 287 |
Companies rolled out offers | 103 |
Faculty-to-student ratio | 1:6 |
Fee (approx.) | 2,43,272 |
FMS Delhi reported a median CTC of Rs 29.59 LPA and an average CTC of Rs 32.27 LPA, while the highest CTC reached Rs 1.10 crore. Around 75% of the batch received an MBA salary above 25 LPA.
Placement Components | Details |
Highest CTC | ₹1.10 CR |
Average CTC | ₹32.27 LPA |
Median CTC | ₹29.59 LPA |
Top 10% Average CTC | ₹60.67 LPA |
Top 100 Average CTC | ₹45.19 LPA |
Offers Above ₹25 LPA | 74.9% of the batch |
Jamia Millia Islamia was established in 1920; it has been ranked 28th in the NIRF 2025 MBA rankings. The MBA fee for JMI is between 53,750 to 1.24 lakh, making it one of the cheapest colleges offering MBA courses.
Components | Details |
Established Year | 1920 |
Institute Type | Central University |
NIRF Ranking (2025) | 28 |
Total Students | 209 |
Total Male | 101 |
Total Female | 108 |
Outside State | 163 |
Within State | 15 |
Total faculty | 16 |
Fee (approx.) | 53,750 - 1,24,000 |
Over the past three years, the JMI MBA placements have seen stable growth, with the MBA median salary for the 2023- 25 batch reaching 16 LPA. The institute has also reported a 100% placement percentage in the last three years.
Category | 2022–23 | 2023–24 | 2024–25 |
Students Admitted | 63 | 103 | 105 |
Students Graduating | 63 | 103 | 105 |
Students Placed | 60 | 97 | 94 |
Opted for Higher Studies | 3 | 6 | 11 |
Placement % | 100% | 100% | 100% |
Median CTC (₹) | 10,20,000 | 12,60,000 | 16,00,000 |
Established in 1968, IMS BHU has been ranked 60th in the NIRF 2025 MBA ranking. The approximate fee of MBA at BHU ranges from Rs 50,000 to Rs 1 lakh, making it accessible to students seeking a low-cost management education.
Components | Details |
Established Year | 1968 |
Institute Type | Constituent College |
NIRF Ranking (2025) | 60 |
Total Students | 383 |
Total Male | 260 |
Total Female | 123 |
Outside State | 227 |
Within State | 145 |
Total faculty | 29 |
Fee (approx.) | 50,000 - 1,00,000 |
IMS BHU reported a median CTC of Rs 11.8 lakh in 2022-23 and Rs 12.1 lakh in 2023-24, before falling to Rs 9.2 lakh in 2024-25. The placement rate also declined from 100% in the first two years to 94.51% in 2024-25.
Category | 2022–23 | 2023–24 | 2024–25 |
Students Admitted | 179 | 180 | 185 |
Students Graduating | 175 | 180 | 185 |
Students Placed | 174 | 178 | 172 |
Opted for Higher Studies | 1 | 2 | 3 |
Placement % | 100% | 100% | 94.51% |
Median CTC (₹) | 11,80,000 | 12,10,000 | 9,20,000 |
These MBA colleges prove that a good MBA does not always require a high investment. But it should be noted that MBA placement performance should always be evaluated in the context of the fees charged. Comparing low-fee MBA institutes directly with IIMs may not give an accurate picture.
FMS Delhi has emerged as the strongest ROI option, while IIT Kanpur offers the advantage of an IIT brand and strong placement outcomes. Needless to say, aspirants should evaluate fees, placement percentage, median salary, and overall ROI together to make a responsible decision.
On Question asked by student community
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