Looking for MBA colleges in Maharashtra with low fees? Explore popular MBA colleges with low fee structures yet excellent pedagogy, infrastructure, industry exposure, placement opportunities, and more here!
Popular MBA Colleges in Maharashtra with Low Fees:
Before selecting an MBA college, one must consider a variety of aspects, such as teaching expertise, industry exposure, infrastructure, course fees, and placement opportunities, among others. If you are looking for MBA colleges with low fees in Maharashtra, there are so many great options available.
The average MBA fees for colleges like SIMSREE Mumbai is INR 1.34 lakh, SJMSOM, IIT Bombay is INR 1 lakh and BVIMSR Mumbai is INR 4.5 lakh. Graduating from such MBA colleges in Maharashtra can help students get the best theoretical and practical knowledge of business management and grab the best placement and job opportunities in top organizations like Goldman Sachs, Deloitte, HDFC Bank, etc.
Take a read through this article to explore the best MBA colleges with low fees in Maharashtra, along with their fee structure, ROIs offered, career opportunities, and entrance exams accepted.
Also Read: Top Private MBA Colleges in India 2023
List of 20 Popular MBA Colleges with Low Fees in Maharashtra
The top private MBA colleges with low fees in Maharashtra along with their average annual fees have been tabulated below:
Name of Private MBA College | Course Fee (In INR) |
|---|---|
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 1,34,000 |
BVIMSR Mumbai: Bharati Vidyapeeth's Institute of Management Studies & Research | 4,50,000 |
1,99,480 | |
3,30,000 | |
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune | 4,50,000 |
Sancheti Group of Institutions, Pune | 90,000 |
1,53,000 | |
2,31,000 | |
2,02,000 | |
NMIMS Global Access School for Continuing Education (NGA-SCE) | 76,000 |
2,40,000 | |
47,420 | |
4,08,000 | |
8,000 - 2,00,000 | |
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | 50,400 |
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | 1,00,905 |
6,600 | |
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | 63,791 |
Thakur Global Business School - [TGBS], Mumbai | 4,80,000 |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University | 1,32,388 |
Top MBA Colleges with Low Fees in Maharashtra as per NIRF Ranking
The Ministry of Education provides the NIRF rankings of the institutions in India every year based on a number of factors. Candidates seeking the best MBA programmes in Maharashtra may check the top MBA schools in Maharashtra with low fees according to the NIRF rankings.
Name of the College | NIRF Ranking | Total Course Fees (in INR) |
|---|---|---|
11 | 2,26,000 | |
46 | 9,59,100 | |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | 63 | 2,25,000 (Annual) |
Principal L N Welingkar Institute of Management Development and Research | 68 | 6,50,000 |
MBA Colleges in Maharashtra with Fees Between Rs. 1-5 Lakh
The MBA colleges with low fees in Maharashtra along with their course fee range have been tabulated below:
Course Fee Range | Name of MBA Colleges |
|---|---|
MBA colleges with course fees less than Rs 1 Lakh (about 8%) |
|
MBA colleges with course fees between Rs. 1-2 Lakh (around 36%) |
|
MBA colleges with course fees between Rs. 2-3 Lakh (around 16%) |
|
MBA colleges with course fees between Rs. 3-5 Lakh (around 14%) |
|
Prospective students can check the admissions procedures for some of the top MBA colleges with low fees in Maharashtra by referring to the links below:
SIMSREE Mumbai Admissions 2023 | Principal L N Welingkar Institute of Management Development and Research Admissions 2023 |
ROI of MBA Colleges with Low Fees in Maharashtra
ROI (Return on Investment) refers to the profitability a student acquires while enrolling in a certain college or university program. It is the disparity between the investment made to attend a specific MBA programme and the typical salary packages they offer in placement drives. The annual compensation package can be viewed as a return on the student's investment in the course fee. The ROI of the best Maharashtra MBA colleges with affordable tuition is provided below:
Name of Institute | Average Annual Fees (in INR) | Average Package Offered (in INR) | Highest Package Offered (in INR) |
|---|---|---|---|
University of Mumbai | 8,000 - 2,00,000 | 5,20,000 - 12,00,000 | 57,65,000 |
Department of Business Management, Nagpur University | 47,420 | 2,80,000 | 6,00,000 |
Department of Management Sciences, Pune University | 1,29,000 - 1,33,000 | 8,01,000 | 15,30,000 |
SIMSREE Mumbai | 1,35,000 | 10,84,000 | 23,24,000 |
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | 50,400 | 25,00,000 | 49,00,000 |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | 4,50,000 | 7,50,000 | 18,10,000 |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University | 1,32,388 | 8,01,000 | 15,30,000 |
Balaji Institute of Management and HRD | 4,80,000 | 5,80,000 | 18,00,000 |
Dr D Y Patil Institute of Technology Pune | 1,99,480 | 6,50,000 | 10,00,000 |
KJ SIMSR Mumbai | 3,30,000 | 10,67,000 | 26,50,000 |
ROI = (Average Placement Package/Average Annual Fees)*100%
MBA Colleges with Low Fees in Maharashtra: Top Recruiters
The institute-wise top recruiters for the top MBA colleges with low fees in Maharashtra have been tabulated below:
Name of the College | Top Recruiters |
|---|---|
Indian Institute of Technology Bombay |
|
SIMSREE Mumbai |
|
K. J. Somaiya Institute of Management Studies & Research |
|
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development |
|
Principal L N Welingkar Institute of Management Development and Research |
|
Also Read:
MBA Fees for Management Programmes Offered by B-Schools in India
The course fees of the above-mentioned colleges may be affordable, but the biggest advantage is that they provide extraordinary employment possibilities. The University of Mumbai is the best MBA college in Maharashtra, according to the ROI point of view, because it only charges between INR 8,000 and INR 2,00,000 while offering a median package of INR 12,00,000. IIT Bombay and SIMSREE Mumbai are two other universities that offer large ROIs.
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