Hi Rakeeb,

Since there is a requirement of high cut-offs in many prestigious colleges like IIMs, FMS, NMIMS, SIBM, IIFT, and many other top-rated colleges, there is a huge competition amongst the aspirants. Because the seats are limited and the number of applicants is on a higher side. This has made the cut-off percentage to crack these colleges very high and thus making it tough for the aspirants to get into these colleges. Many MBA aspirants with a good profile are worried about this and hence they start searching for alternative options of other B-Schools.

Some viable options for these aspirants are given below, Faculty of Management Studies, (FMS)

This institute is one of the top 5 institute and the best institute in terms of return on investment. It was established in 1954 and is located in New Delhi. The reason why the fees of this institute is low is because, it is affiliated to University of Delhi. The governance of the institute is also done by University of Delhi. Because it is one of the top most institute of the country, candidates strive hard to get a high cut-off in CAT to be eligible for a seat in this institute.

Package: The average package of placement over here can easily reach around 20 lakhs per annum.

Fees: Its average fee is around INR 20,960 for a full time MBA program.

Jamnalal Bajaj Institute of Management Studies, (JBIMS)

This institute was established in 1965 and is also one of the best in terms of its ranking and also in return of investments. It was established by University of Mumbai and it was collaborated with Graduate School of Business, Stanford University. Its located at the Nariman Point in Mumbai, which is also considered as the commercial hub of the nation. Its ranking is one of the best and can easily fit into top 10 B-Schools of our country. It was also ranked amongst top 20 B-Schools of Asia pacific region.

Package: The average package of the placements in this institute is around 17 lakhs per annum.

Fees: Its average fees are around 2.1 lakhs per annum for the two-year MBA full time program.

On a similar line, various other colleges that fall under the fee bracket of below 3 lakhs are,

Institute	Average approx. academic fees (INR)
K J Somaiya Institute of Management Studies and Research, Mumbai	75,000 p.a
Department of Management Studies, IIT, Delhi	35, 480 p.a
Sydenham Institute of Management Studies, Mumbai	67,000 p.a
Department of Management, BITS, Pilani	77,500 p.a
ICFAI Business School, Hyderabad	28,200 p.a
Department of Industrial and Management Engineering, Kanpur	81,687 p.a
Institute for Financial Management and Research, Chennai	50,000 p.a
Motilal Nehru National Institute Technology, Allahabad	51,151 p.a
Faculty of Management Studies, BHU, Varanasi	30,765 p.a
Department of Management Science, PUMBA, Pune	65,000 p.a
Pondicherry University, Pondicherry	45,850 p.a

The above-mentioned colleges can fit into top 10 colleges with fee structure below INR 3 lakhs in our country. The reason why many graduates want to attend an MBA program is to get a career progression and a hike in their salary. A student who holds an MBA degree has a bigger advantage than a high school diploma student to get a better renumeration and a better job profile. The senior management or company executives positions require a person to have completed an MBA degree program and hence these positions in a company are solely occupied by MBA professionals and are not given to a bachelor degree candidate. These colleges thus provide aspirants an opportunity to such profiles without worrying too much about their investments.

All the very best!!

Hello student top MBA colleges with less fees are mentioned below
TopMBAcollegewithLowFees ProgrammeFee
GGSIPU, DelhiRs. 56,000
PUMBA, PuneRs.1,30,000
SIMSREE, MumbaiRs.2,36,000
JamnaLal BajajInstituteof Management studies (JBIMS)Rs.6,00,000

You can also click on the link mentioned below for more information about affordable Business school

https://www.google.com/amp/s/bschool.careers360.com/articles/top-b-schools-in-india-offering-affordable-mba/amp

Feel free to comment if you have any doubt
Good luck

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