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Cheap MBA Colleges | Best ROI | Business Schools in India
May 14 2024

MBA is one of the most expensive degrees in India. However, the list of colleges given below provides quality education and industry exposure with the best ROI. The average, total fees for PGDM/MBA courses from any IIMs is more than 20 lakhs and students who are willing to invest so much would expect good returns from the colleges.

What is ROI?

Return on Investment (ROI) means that a college with low fees but offers you a high salary package. As MBA is an expensive course, students usually apply for loans to pay for their course. For every student, it is essential to select an MBA college with good ROI to pay their loans on time and get the best package.

List of colleges with the best ROI -:

Rank College Course Fees Average Placement Package
1. Faculty of Management Studies (FMS) INR 2 Lakhs  32.4 LPA 
2. Jamnalal Bajaj Institute of Management Studies (JBIMS) INR 6.10 Lakhs

INR 28.02 LPA

3. NITIE Mumbai INR 21,00,000  INR 31 LPA
4. TISS Mumbai Approx 1.7 Lakh 23.97 (2020-2022)
5. IIT Delhi 9.60 Lakh  25.82 LPA
6. Vinod Gupta School of Management, IIT Kharagpur (VGSoM) INR 12.85 lakhs INR 22.13 LPA
7. Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) 1.38 Lakh  INR 15.19 LPA
8. Institute of Rural Management (IRMA)


₹16.75 Lakhs
9. Department of Industrial and Management Engineering, IIT Kanpur INR 8 lakh - INR 8.38 lakh INR 18.14 LPA


10. Birla Institute of Technology and Science, (BITS) 6.53 Lakh  INR 30.37 LPA
11. SRCC Delhi 3.2 Lakh 10.88 LPA
12. Indian Institute of Technology Madras 8 Lakh INR 20.80 LPA
13. UBS Chandigarh  INR 39,570 INR 13.72 LPA
14. PUMBA Pune 1.3 L - 1.5 L INR 8.85 LPA
15. Department of Commerce, Delhi School of Economics, Delhi University ₹48,770 15 LPA and 16 LPA


“In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks” So make sure you seize every opportunity and target the best college where you can get the best exposure with the best ROI.

All the best!

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Anisha Mukhija

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