Are you preparing for CAT and targeting India’s top B-schools? Are you also looking forward to an affordable MBA program? Going for an MBA is a big decision, that one takes in his career, which should be taken after thorough deliberation.

The MBA education scenario in India is dominated by B-schools with exceptionally high fees. If you are a working professional then, going for an MBA means letting go of your salary for two years. For a fresher, it can be equally excruciating to pursue an MBA that burns a hole in the pocket and doesn’t give much in return. At the same time, B-schools which have low fees are generally considered to be below par and not worth considering. The ideal situation would be to pursue an affordable MBA program at one of India’s top B-schools. In this case you can have your cake and eat it too. It obviously suggests that you need to perform exceptionally well in the CAT and other exams so that you have the privilege of choosing a B-school from among the best in the country.

In this article, we highlight the affordable MBA programs at India’s top 20 B-schools which have an extremely high ROI. These programs are not only affordable but are terrific from the standpoint of the ROI and are, in fact, some of the most coveted B-schools of India.


1.    Faculty of Management Studies – Delhi                                           ₹ 20,000

Established in the year 1954, FMS is probably the most sought after B-school in North India.  It is a premier institute located in heart of the capital city in Delhi University. This Red Building of Dreams is raising the bar with its exceptional placement record this year with an average salary of 20.6 LPA, FMS Delhi certainly tops the chart in the most affordable MBA programs which are high on ROI.


2.    Jamnalal Bajaj Institute of Management Studies (JBIMS)           ₹ 3,00,000

The second affordable MBA institute from the commercial capital of India is Jamnalal Bajaj Institute of Management Studies (JBIMS).  JBIMS, named after noted industrialist and philanthropist, Jamnalal Bajaj, offers a degree for its MMS course which is equivalent to an MBA. It provides quality education which helps students to bag packages as high as 34.30 LPA. It has an average package of around 18.76 LPA.


3.    Tata Institute of Social Sciences- Mumbai                                     ₹ 1,46,600

It is the destination for better learning, knowledge, and understanding specially known for its Human Resource Programs and Social Work programs. There’s not just one reason to join TISS, there are many -good placements of roughly 16 LPA (average salary), location, reasonable course etc. TISS is considered as one of the best institutes for doing post graduate program in Human Resource Management. Every year, it produces hundreds of polished students for that field.


4.    National Institute of Industrial Engineering (NITIE)                      ₹ 6,26,500

Renowned as the top B-school for operations and supply chain management, NITIE is the producer of efficient managers and leaders in the field of operations. It has been awarded as the “Most Industry Focused Curriculum” in ET Education Excellence Awards 2013.  NITIE has one of the best placements in industry and has high ROI. The highest placement last year was at 39.5 LPA and the average placement was at 15.83 LPA. NITIE aims at providing the best education and developing competent managers.  NITIE, however, is only open to students who have pursued engineering in their graduation


5.    IIT-Bombay                                                                                         ₹ 4,54,000

It is the only IIT to have found a place in the list of top 20 B-schools in India. Apart from being an affordable MBA option and having good placements, there are many other reasons to be in IIT Bombay.  Despite the small batch size, many events are organized and managed solely by students which enhance student profile.  IIT- Bombay is a brand that speaks for itself. The excellent education imparted by their most coveted faculty is always appreciated in the industry.

So if you are looking for a B- School that would not put you in debt and has a great ROI: the above mentioned B – Schools are the best picks.

All the best!

Team CL