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Jagpreet
20 June, 2024
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“Today a reader, tomorrow a leader.” – Margaret Fuller
Came across the inspiring story of Swathi Aravindan, who earned a B.Tech. from IIT Madras. She had years of work experience in Product Development roles. However, she felt an Executive MBA would help grow her career. During the pandemic, she pursued a 15-month Online EMBA course from a foreign university. Then she switched her job & now she is leading a team that navigates the strategy & execution of a Global SaaS firm’s product roadmap.
This was the story of Swathi, next can be yours. In today’s competitive job market, an Online MBA can be a valuable asset that can open the doors to higher salaries, leadership roles, and career advancement. However, the steep fee of traditional MBA programmes can seem daunting, especially for working professionals and students with limited budgets. This is where Online MBAs shine, offering a flexible and affordable pathway to a coveted management degree.
Here’s some good news: you don’t have to compromise quality for affordability when it comes to Online MBAs in India. Several esteemed universities and institutions offer high-calibre programmes at affordable costs.
Related: How to Finance Your Online MBA Education – Tips
One of the articles published in Fortune reports that MBA graduates are achieving six-figure salaries as the new standard.
Imagine having a magic key that unlocks tons of awesome career options, way more than just the usual doctor, engineer, or teacher! That’s kind of what an reasonable Online MBA is like. Think of it like a magic suit. Let’s see what this suit can do for you.
So, let’s say you love tinkering with gadgets and computers. This suit can help you become a tech boss, leading the charge at a cool startup or even building your own app empire! Or maybe you are a wordsmith who loves stories – with this suit, you can become a marketing whiz, crafting campaigns that capture everyone’s attention.
The best part is, that you don’t have to choose just one path! This suit gives you the flexibility to switch directions whenever you want. Maybe you start in marketing but then decide you want to be the CEO. Boom, the suit’s got you covered.
Remember, it’s all about taking control of your future and shaping it into something amazing. So, if you are feeling curious about this whole MBA thing, go ahead and explore it! You might just discover your own superhero potential!
The table below lists the cheapest online MBA in India.
| Sl# | University/College | Fee (Full Course) | Semester Wise |
| 1 | IGNOU | INR 62,000 | INR 15500 |
| 2 | Uttaranchal University | INR 80,000 | INR 20,500 |
| 3 | Bharati Vidyapeeth Deemed to be University | INR 1,60,000 (Full course) | – |
| 4 | Dr. D.Y. Patil | INR 1,62,000/ (Full course) | – |
| 5 | Jain University Online | INR 1,60,000 – 1,80,000 (depending on specialisation) | INR 40,000 – 45,000 (depending on specialisation) |
| 6 | Online Manipal University | INR 1,75,000 – 3,60,000 (Full course) | INR 43,750 |
| 7 | UPES | INR 175,000 | INR 43,750 |
| 8 | Manav Rachna International Institute of Research and Studies | Rs.1,02,000 Total Course Fee | – |
| 9 | LPU Online | INR 1,80,000 | INR 45,000 |
| 10 | ICFAI Online | INR 2,00,000 | INR 45,000 |
Let’s discuss each college in detail.
IGNOU is one of the best distance MBA colleges in India. It also offers cheap online MBA degree courses. Moreover, IGNOU offers the cheapest online MBA in India. You can complete your whole MBA degree in just INR 62000. Not only does it just offer an affordable online MBA, but it is also a UGC-DEB recognised, NAAC A++ accredited university. You can complete your MBA at home and manage your personal and professional commitments.
| Year of Establishment | 1985 |
| Ownership | Government |
| Management Course | MBA |
| Approvals & Recognition | UGC – DEB, AICTE |
| Accreditations | NAAC A++ |
| Fee Structure | INR 62,000 (Total Fee) INR 15,500 Per Semester |
| Course Duration | Min: 2 Years & Max: 8 Years |
| Mode of Education | Distance Mode |
| Eligibility Criteria | The eligibility criteria for admission to MBA programmes would be as per the AICTE norms. • Any graduate (Including Chartered Accountancy/Cost Accountancy/Company Secretaryship) with 50% marks for the general category/45% for the reserved category as per government of India rules. • Clearance of OPENMAT conducted by IGNOU. |
| Specialisations | Operations Management |
| Human Resource Management | |
| Financial Management | |
| Marketing Management |
Uttaranchal University is a private university. It is situated in Uttarakhand, India’s capital city of Dehradun. The institution has received the esteemed A+ Grade from the National Assessment and Accreditation Council (NAAC), an autonomous body of the institution Grants Commission in India. Currently ranked among the top 5% of HEI in the nation, Uttaranchal University was the first private university in Uttarakhand to receive a “NAAC A+” grade in the first accreditation cycle. It offers you personal job assistance, LMS, e-library and other facilities. This is the right fit if you are looking for an affordable online MBA.
| Year of Establishment | 1956 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC-DEB, AICTE |
| Accreditations | NAAC A+ |
| Fee Structure | INR 20,500 (per semester) INR 80,000 (Yearly for both year) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | A Bachelor’s degree of a minimum of three years duration with a minimum of 50% marks for the General and 45% marks in case of Reserved Category in the qualifying examination. |
| Specialisations | Marketing Management |
| Business Analytics | |
| International Business | |
| Human Resource Management | |
| Financial Management |
| Semester Wise Payments | Amount (₹) |
| 1st Semester | 20,500 |
| 2nd Semester | 20,500 |
| 3rd Semester | 20,500 |
| 4th Semester | 20,500 |
| Total | 82,000 |
| Yearly Fee Payments | Amount (₹) |
| 1st Year | 40,000 |
| 2nd Year | 40,000 |
| Total | 80,000 |
This includes the examination fee of ₹2,500 per semester.
Bharati Vidyapeeth Deemed to be University (BVDU) is a well-known private institution with an excellent reputation. Established in 1964 by the esteemed educationist Dr. Patangrao Kadam, it has expanded into a multi-campus establishment providing various academic programmes across multiple subjects. If you are looking for a cheap online MBA, you can complete your MBA in INR 1,60,000/-. Additionally, it offers live recorded lectures, one-to-one guidance, and personal assistance with placements.
| Year of Establishment | 1964 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC Category 1, AICTE, NIRF 91 (University) |
| Accreditations | NAAC A+ |
| Fee Structure | INR 1,60,000 (Full Course) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | • Graduate (10+2+3) from any recognised university. • The candidate should have secured at least 50% (45% for SC/ST) in aggregate at the graduate level of the university examination. |
| Specialisations | Marketing Management |
| Financial Management | |
| Human Resource Management | |
| International Business Management | |
| Product and Operations Management | |
| Information Technology Management | |
| Agribusiness Management | |
| Retail Management |
| MBA Fee Structure Batch | Amount (₹) |
| Tuition Fees | 1,60,000 |
| Registration Fees | 1,000 |
| Admission Fees | 1,000 |
D.Y Patil is one of the renowned private universities in India. Your learning and professional development will be further enhanced by the all-inclusive educational experience of the affordable online MBA programme. You will access an extensive research and study materials collection through a digital library. The programme provides five additional learning certifications in addition to the core curriculum, allowing you to expand your knowledge in various business-related fields. You will be able to apply theoretical knowledge to real-world settings with the help of more than 100 case studies and study guides, which will promote practical comprehension.
| Year of Establishment | 2003 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC, AICTE, NIRF 81 (Overall Category) |
| Accreditations | NAAC A++ |
| Fee Structure | INR ₹ 1,62,000/ (Full course) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | 10+2 of India obtained from recognised Central (CBSE / ISC) or State Boards |
| Specialisations | Logistics, Materials & Supply Chain Management |
| Project Management | |
| BlockChain Management | |
| Operations Management | |
| Digital Marketing Management | |
| Hospital Administration & Healthcare Management | |
| AgriBusiness Management | |
| International Business Management |
Jain University is deemed to be a university. It offers you the cheapest online MBA in India. It also provides 70 electives at your disposal and allows you to match your education to your interests and future goals. As a result of the program’s association with over seven eminent international professional groups, your professional network and industry recognition will grow. Through the programme’s connections to more than 2000 recruiting corporates, you will have plenty of options to further your career and find work. To further enhance your educational journey, you will also get access to over 20,000 courses on LinkedIn Learning, allowing you to learn new things at your own speed.
| Year of Establishment | 1990 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC, AICTE, NIRF 68 (University Category) |
| Accreditations | NAAC A++ |
| Fee Structure | Finance, Marketing, Human Resource Management, General Management, Systems & Operations Management: • INR 40,000 Semester Fee • INR 80,000 Yearly Fee • INR 1,60,000 (Total Fee) Human Resource Management and Finance, Finance & Marketing, Marketing & Human Resource Management: • INR 45,000 Semester Fee • INR 90,000 Yearly Fee • INR 1,80,000 Total Fee |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | Pass in an Undergraduate (Bachelor) Programme of a minimum duration of Three (3) years in any stream from a UGC recognised University, with a minimum aggregate of 50 % or an equivalent letter/numerical grade. A relaxation of 5% shall be given to SC/ST candidates. |
| Specialisations | Human Resource Management |
| General Management | |
| Systems and Operations Management | |
| Finance and Marketing | |
| Human Resource Management and Finance | |
| Marketing and Human Resource Management | |
| Information Technology Management | |
| Healthcare Management |
Online Manipal is also known for affordable online MBA. Manipal University Jaipur (MUJ)’s online Master of Business Administration (MBA) programme equips you with the skills necessary to succeed as a leader in the competitive world. To build successful career paths in the field and industry of their choice, learners can select from ten career-focused electives, including HR, Finance, Marketing, Operations, International Business, and Analytics & Data Science. Apart from all this, you will get placement assistance, one-to-one feedback sessions, and live lectures at lower fees.
| Year of Establishment | 1953 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC, AICTE, NIRF 16 (Overall Category) |
| Accreditations | NAAC A+ |
| Fee Structure | INR 1,75,000 (Course fee) INR 43,750 (Each Semester) EMI STARTING INR 7,292/month |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognised university/institution or an equivalent qualification as recognised by the Association of Indian Universities. |
| Specialisations | Finance |
| Marketing | |
| Human Resource Management | |
| Analytics & Data Science | |
| Operations Management | |
| International Business |
UPES offers a two-year MBA programme. It offers an affordable online MBA as it gives easy EMI plans and semester-wise fees. Its focus on marketing management gives students the skills necessary to develop and implement marketing strategies, carry out market research, maintain brand identity, and assess the efficacy of marketing campaigns. With the newest skills, knowledge, and techniques in consumer behaviour, market analysis, and marketing strategy, this programme puts students ahead of the curve and helps them launch profitable businesses.
| Year of Establishment | 2003 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC, AICTE, NIRF 52 (Overall Category) |
| Accreditations | NAAC A |
| Fee Structure | INR 7,292 Monthly INR 175,000 Total Easy EMI Plan: Study stress-free and focus on smaller, manageable payments over 24 months. Semester-wise Fee: Opt for our straightforward semester-wise fee structure and pay just INR 43,750 per semester (total 4 semesters) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognised university/institution or an equivalent qualification. |
| Specialisations | Finance |
| Oil & Gas | |
| Power Management | |
| Marketing | |
| Human Resource Management | |
| Business Analytics | |
| Operations Management | |
| International Business |
The “Manav Rachna International Institute of Research and Studies” in India offers an online “Master of Business Administration (MBA)” degree that offers students a multidisciplinary approach to help them design their careers both inside and outside of their field of study and to meet the changing needs of society. It offers one of the cheapest online MBA degrees as a semester as you can pay yearly and semester-wise. It also offers financial aid and scholarship programmes.
| Year of Establishment | 1997 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC, AICTE |
| Accreditations | NAAC A++ |
| Fee Structure | INR 1,02,000 Total Course Fee (Semester-wise) INR 30,000*3 Year Wise INR 85,500 Total Course Fee (5% Discount on one-time payment) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognised university/institution or an equivalent qualification |
| Specialisations | Digital Marketing |
| Business Intelligence & Analytics | |
| Health-Care Management | |
| International Business | |
| Management Information System |
LPU online
is one of the best private universities for pursuing an online MBA. It offers 9 specialisations. You can pay the fees online on the admission portal via Debit Card/Credit Card/UPI/Wallets/Net Banking etc. LPU gives you the flexibility to choose how you want to go about achieving your goals. With an industry-focused curriculum, the online MBA programme offers flexible online exams, placement assistance, master classes led by business professionals, and live lectures by elite faculty on weekends. You can complete your MBA at affordable rates from LPU online university.
| Year of Establishment | 2005 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC-DEB, AICTE, NIRF (46 Overall Category) |
| Accreditations | NAAC A++ |
| Fee Structure | Semester Fee: INR 45,000 Programme Fee: INR 43,000, Exam. Fee: INR 2,000 (per sem.) Total Fee: INR 1,80,000 (all sems.) Total Fee, if paid Lumpsum: INR 1,62,800 (which comes out to be INR 40,700 per sem.) |
| Course Duration | 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | You must have completed a bachelor’s degree. A minimum aggregate score of 50% in a bachelor’s or any other equivalent degree. |
| Specialisations | Data Science Marketing |
| Information Technology | |
| Finance | |
| Human Resource Management | |
| Operations Management | |
| International Business | |
| Entrepreneurship | |
| Healthcare Management |
ICFAI is deemed to be a university. It offers an affordable online MBA in 2 years. Working professionals and recent graduates who want to pursue careers in management can enrol in the online MBA programme. The programme includes an entrepreneurship practicum/business research project and a cafeteria approach to electives to meet the growing demand for interdisciplinary, enterprising, and creative managers. All programmes offered under online and distance learning modes are administered through the Center for Distance and Online Education (CDOE), IFHE, Hyderabad. Check out the fee structure and payment option below.
| Year of Establishment | 1956 |
| Ownership | Private |
| Management Course | MBA |
| Approvals & Recognition | UGC-DEB, AICTE, NIRF (40 Overall Category) |
| Accreditations | NAAC A++ |
| Fee Structure | INR 2,00,000 |
| Course Duration | Min: 2 Years |
| Mode of Education | Online |
| Eligibility Criteria | You must have completed a bachelor’s degree. A minimum aggregate score of 50% in a bachelor’s or any other equivalent degree. |
| Specialisations | Human Resources |
| Finance | |
| Marketing | |
| IT & Operations |
| Fee Structure | Amount (₹) |
| Admission Fee | 20,000 |
| Programme Fee | 1,80,000 |
| Total Fee | 2,00,000 |
Note: The Programme Fee does not include the Exam Fee.
| Payment Options | Amount (₹) |
| A) Year Wise Fee Payment | |
| – Admission Fee | 20,000 |
| – 1st Year Fee | 90,000 |
| – 2nd Year Fee | 90,000 |
| B) Semester Wise Fee Payment | |
| – Admission Fee | 20,000 |
| – 1st Semester Fee | 45,000 |
| – 2nd Semester Fee | 45,000 |
| – 3rd Semester Fee | 45,000 |
| – 4th Semester Fee | 45,000 |
Note: The candidates are required to pay the Admission Fee and the Programme Fee as applicable based on the payment option (A) or (B) chosen above.
India’s most affordable online MBA programmes provide you with a remarkable chance to fulfil your academic and professional ambitions without worrying about paying expensive fees. These programmes ensure a thorough education by providing high-quality instruction, flexibility, and a wealth of resources. Don’t allow a lack of money to prevent you from achieving your goals. You may invest in your future, develop your abilities, and open up new professional chances with reasonably priced MBA alternatives. Utilise these cheapest online MBA programmes in India to set yourself up for success and demonstrate that, despite your financial circumstances, a better future is attainable.
Q1. Which distance MBA has the lowest fees?
IGNOU offers a distance MBA and has the cheapest fees, at INR 62,000. Apart from lower fees, IGNOU is one of the best open universities in the central government. Its regional centres are located throughout India.
Q2. Which college has the lowest fees for an MBA in India?
Some of the colleges that offer cheap online MBAs in India are IGNOU, Uttaranchal University, Bharti Vidyapeeth, and Jain University Online. Their MBA fees are 62,000, 82,000, 1,30,000 and 75,000 – 1,30,000 respectively.
Q3. Which online MBA is best in India?
Online MBAs from colleges such as Jain University, Amity University, DY Patil University, and Chandigarh University are regarded as the best in India.
Q4. How much will an online MBA in India cost?
Ans 4 There are colleges such as Jain University, Uttaranchal University, Online Manipal University and Bharati Vidyapeeth University that offer cheap online MBA programmes in India.
Q5. Is online MBA accepted by companies?
Yes, many companies accept online MBAs. In fact, companies visit renowned colleges such as Online Manipal, Uttaranchal University, and Chandigarh University, hire students, and provide on-campus placements.
