List of 20 Popular MBA Colleges in Maharashtra with Low Fees

Updated On: August 24, 2023 12:01 PM

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!

Table of Contents

List of 20 Popular MBA Colleges with Low Fees in …
Top MBA Colleges with Low Fees in Maharashtra as per …
MBA Colleges in Maharashtra with Fees Between Rs. 1-5 Lakh
ROI of MBA Colleges with Low Fees in Maharashtra
MBA Colleges with Low Fees in Maharashtra: Top Recruiters
Faqs

Top MBA Colleges with Low Fees in Maharashtra

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
Dr D Y Patil Institute of Technology Pune	1,99,480
KJ SIMSR Mumbai	3,30,000
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune	4,50,000
Sancheti Group of Institutions, Pune	90,000
Department of Management Sciences, Pune University	1,53,000
Shri Ramdeobaba College of Engineering, Nagpur	2,31,000
Ambedkar Institute of Management, Nagpur	2,02,000
NMIMS Global Access School for Continuing Education (NGA-SCE)	76,000
Indira Institute of Management -IIMP, Mumbai	2,40,000
Department of Business Management, Nagpur University	47,420
College of Engineering, Pune	4,08,000
University of Mumbai	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
Hansraj Jivandas College of Education, Mumbai	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)
Indian Institute of Technology Bombay	11	2,26,000
K. J. Somaiya Institute of Management Studies & Research	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%)	Vaikunth Mehta National Institute of Cooperative Management Sancheti Group of Institutions Pune Shri Shivaji Maratha Society’s Institute of Management & Research SSBT’s College of Engineering & Technology Jalgaon Rashtrasant Tukadoji Maharaj Nagpur University Department of Business Administration, Sant Gadge Baba Amravati University
MBA colleges with course fees between Rs. 1-2 Lakh (around 36%)	Department of Management Sciences, Pune University Progressive Education Society’s Modern College of Engineering RIIM – Arihant Group of Institutes Dr D Y Patil Institute of Technology Pune Dr D Y Patil Institute of Management Pune Jayawantrao Sawant Institute of Management & Research
MBA colleges with course fees between Rs. 2-3 Lakh (around 16%)	Shri Ramdeobaba College of Engineering Nagpur VIT-Vidyalankar Institute of Technology Sinhgad Institute of Management Pune NG Naralkar Institute of Career Development & Research Ambedkar Institute of Management Nagpur
MBA colleges with course fees between Rs. 3-5 Lakh (around 14%)	Indira Institute of Management -IIMP International School of Management & Research, Pune Suryadatta Institute of Management & Mass Communication Sai Balaji International Institute of Management Sciences Welingkar Institute of Management Mumbai

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:

IIT Bombay Admissions 2023	PUMBA Pune Admissions 2023
JBIMS Admissions 2023	KJ SIMSR Mumbai Admissions 2023
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	Accenture Cochlear JPMC P&G PWC Marico Infosys Yes Bank ICICI Bank
SIMSREE Mumbai	Amway AO Smith Deloitte Ernst and Young Godrej Motilal Oswal
K. J. Somaiya Institute of Management Studies & Research	Accenture Vodafone Dell Axis Bank DHL Puma Amazon Hero
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development	Accenture Exide Industries Ltd. IndusInd Bank Axis Bank Wipro Jubilant Motorworks (Audi)
Principal L N Welingkar Institute of Management Development and Research	Accenture K Raheja Corp Lexi Private Limited Alight Solutions Kalpataru Ltd Lifestyle Amazon Kantar Group

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.

For admission-related assistance, fill out our Common Application Form or call our toll-free number 1800-572-9877.

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FAQs

What are the average fees of the top MBA colleges in Maharashtra?

The average fees of the top MBA colleges in Maharashtra are approximately INR 6,00,000-7,00,000 for two years. This amount includes only the tuition fee. Other educational expenses such as stationery, project, uniform (if any), and hostel and living expenses are not included. The overall cost to study in top MBA colleges in Maharashtra can average up to INR 7,00,000 annually.

Are there any top MBA colleges in Maharashtra with low fees?

Yes, there are many top colleges in Maharashtra with low fees. The majority of MBA colleges do not charge extremely high tuition fees, it is the course itself that is costlier due to its employability and quality of education. Some of the top colleges in Maharashtra with low fees are Dr. D.Y. Patil Institute of Technology (Pune), University of Mumbai (Mumbai), Indian Institute of Management Bombay (Mumbai), and College of Engineering (Pune).

Which are the best MBA colleges in Maharashtra with low fees?

The best MBA colleges in Maharashtra with low fees are Narsee Monjee Institute of Management Sciences, Hansraj Jeevandas College of Education, Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Bharathi Vidhyapeeth Institute of Management Studies and Research, K.J. Somaiya Institute of Management Studies and Research, and Principal L.N. Welingkar Institute of Management Development and Research.

Are there any government MBA colleges in Maharashtra?

Yes, there are many reputed and internationally recognised government MBA colleges in Maharashtra. Some of them are the Indian Institute of Management Bombay, the University of Mumbai, the College of Engineering Pune, the Department of Management Sciences Pune University, and the Department of Business Management Nagpur University.

Do the top MBA colleges in Maharashtra with low fees offer any scholarships?

Yes, the top MBA colleges in Maharashtra with low fees offer scholarships despite their affordable MBA courses. These scholarships have been approved by the respective administration to honour and award meritorious and exceptionally outstanding students for their hard work and dedication. There are also scholarships and financial aid for students with talent and potential coming from financially backward or challenged backgrounds.

Can I apply for an education loan to study in the top MBA colleges in Maharashtra with low fees?

Yes, you can apply for an education loan to study in the top MBA colleges in Maharashtra with low fees. You simply need to provide an offer letter from the university or business school you have been accepted at. You can avail of an education loan for the amount which goes beyond your finances and scholarships (if any).

Which is the most popular MBA specialisation offered by the best MBA colleges in Maharashtra with low fees?

The most popular MBA specialisations offered by the best MBA colleges in Maharashtra with low fees are Financial Management, International Business, Human Resource Management, Operations Management, Marketing Management, Product Management, Project Management, Supply Chain Management, Retail Management, Information Technology, Entrepreneurship, and Data Analytics.

What is the average placement salary of top MBA colleges in Maharashtra with low fees?

The average placement salary of top MBA colleges in Maharashtra with low fees is ranged between INR 15,00,000-24,00,000. There are many reputed business schools included among the best MBA colleges in Maharashtra with low fees. Their MBA students receive placements offer from national and international companies before graduation. The quality of education and the influx of economic centres are huge driving factors of these placements.

What is the placement rate of top MBA colleges in Maharashtra with low fees?

The placement rate of the top MBA colleges in Maharashtra with low fees ranges from 95%-100%. The best MBA colleges in Maharashtra with low fees, such as IIM Bombay and Dr. D.Y. Patil Institute of Technology, have a placement rate of 100%, that is all of their MBA students nearing graduation get job offers. Some of the top recruiters for these MBA graduates are Amazon, TCS, EY, PwC, Deloitte, Infosys, Accenture, Reliance Industries, Reliance Ltd. Tata Group, Wipro, Godrej, Birla Group, Google, Apple, etc.

Is it worth applying to the top MBA colleges in Maharashtra with low fees?

Yes, it is highly worth applying to the top MBA colleges in Maharashtra with low fees. The state of India is home to the city of Mumbai, which is an international economic centre since the times before independence. Apart from Mumbai, Pune has also been making a mark in being an economic centre of the nation. The opportunities presented to the graduates go beyond the territorial boundaries of India. It is easy to scale one’s income in these cities.

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