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Top 10 Most Affordable Online MBA in India 2024
An MBA (Master’s in Business Administration) is one of the most popular higher education courses in India. It is known for helping people get better job opportunities, promotions, and higher salary packages. However, the cost of a regular MBA from colleges and universities in India can range from Rs 10 Lakhs to 40 Lakhs. But don’t worry about these high fees!
An Online MBA is a great alternative to a regular MBA. It allows you to get the same degree and knowledge at a much lower cost.
Many universities in India offer affordable 2-year online MBA programs that provide quality education. You can complete the course at your own pace, making it easier to balance your studies with part-time or full-time work.
Curious about which universities offer affordable online MBAs?
Let’s explore this in detail!
Affordable MBA Colleges in India for Online/Distance Learning
Here is a list of the top 10 universities in India that offer affordable MBA programs with excellent teaching, learning opportunities, and career support. These universities provide a wide range of MBA specializations to choose from, based on your career goals, budget, and personal preferences.
| Most Affordable MBA Colleges | Fees Per Semester | Total Fees |
| IGNOU | Rs 15, 500/- | Rs 62, 000/- |
| Uttaranchal University | Rs 20, 500/- | Rs 82, 000/- |
| Shoolini University | Rs 22,500/- | Rs 90,000/- |
| Hindustan Online University | Rs. 30,000/- | Rs. 1,20,000/- |
| Jain Online | Rs. 37,500/- | Rs. 1,50,000/- |
| UPES | Rs 37,500/- | Rs 1,50,000/- |
| DY Patil University | Rs 42,500/- | Rs 1,70,000/- |
| Online Manipal University Jaipur | Rs 43,750/- | Rs 1,75,000/- |
| Lovely Professional University | Rs. 44,000/- | Rs. 1,76,000/- |
| Amity University | Rs. 45,000/- (except Rs. 44,000/- in 4th Semester) | Rs. 1,83,000/- |
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Affordable Online/Distnce MBA Colleges and Programs
1. Indira Gandhi Open University, IGNOU to Pursue MBA from Government Institute
Indira Gandhi National Open University (IGNOU) is one of the leading government institutes in India for online courses. Founded in 1985, IGNOU is recognized by the UGC, accredited by NAAC, and approved by AICTE. It offers full MBA programs at an affordable fee of Rs. 62,000. All MBA programs at IGNOU have the same course fee.
| Recognition & Accreditation | UGC, NAAC, AICTE |
| Affordable Online MBA Programs to Pursue from IGNOU |
|
| Eligibility |
|
| Fees Per Semester | Rs 15, 500/- |
| Total Fees | Rs 62, 000/- |
| Placement Assistance | Yes |
2. Uttaranchal University for in Demand Online MBA Program
Uttaranchal University, located in Dehradun, Uttarakhand, is one of the best online universities in India. It provides good education, help with job placements, and affordable fees. Students can develop management skills through live classes, one-on-one mentorship, and access to an integrated learning system and e-library.
| Recognition & Accreditation | UGC, AICTE, NAAC |
| Affordable and in-demand MBA Courses in Uttaranchal University |
|
| Eligibility |
|
| Fees Per Semester | Rs 20, 500/- |
| Total Fees | Rs 82, 000/- |
| Cost effective Fee Structure | (Rs 80,000/- if you pay the fee yearly- 40,000) |
| Placement Assistance | Yes |
3. Shoolini University with Pay After Placement Option
Shoolini University is one of the most affordable private institutes in India for online courses. It offers several MBA specializations with a course fee of just Rs. 90,000/-. If you opt for placement assistance, you can pay Rs. 15,000/- per semester and the remaining Rs. 60,000/- after securing a job.
| Recognition & Accreditation | UGC, NIRF |
| Affordable Online MBA Course to Pursue at Shoolini University |
|
| Eligibility |
|
| Fees Per Semester | Rs. 22,500/- |
| Total Fees | Rs. 90,000/- |
| Fees per Semester with Placement Facility | Rs. 15,000/- |
| Pay After Placement | Rs. 60,000/- |
| Placement Assistance | Yes with Pay After Placement MBA |
4. Hindustan Online University for Multi-dimensional MBA Course
Hindustan Online University is recognized in world university rankings and accredited by NIRF and NAAC. The university offers a variety of bachelor’s and master’s degree programs. It also provides several MBA specializations, including Finance, Marketing, and Human Resources, aimed at developing professionals with multiple skills.
| Recognition & Accreditation | NIRF, A+ NAAC |
| Affordable Online MBA Programs to Pursue from IGNOU |
|
| Eligibility |
|
| Fees Per Semester | Rs. 30,000/- |
| Total Fees | Rs. 1,20,000/- |
| Placement Assistance | Yes |
5. Jain Online University with a Wide Range of Affordable Courses
Jain University is another well-known institution offering a variety of online courses. The university fees range from Rs 1,50,000 to Rs 2,60,000 per year. Affordable MBA options include Finance, Marketing, Systems and Operations Management, General Management, and Human Resource Management. Advanced MBA courses like International Finance and Integrated Marketing are also available at a fee of Rs 2,60,000, which is more affordable compared to many other universities.
| Recognition & Accreditation | NAAC A++, NIRF |
| Most Affordable Online MBA Programs of Jain University |
|
| Eligibility |
|
| Fees Per Semester | Rs 37,500/- (only for above mentioned program) |
| Total Fees | Rs 1,50,000/- (only for above mentioned program) |
| Placement Assistance | Yes |
6. UPES Online MBA with AI Integrated Curriculum
UPES ON is a forward-thinking university with an AI-integrated curriculum that helps students adapt to new technologies and prepare for the job market. It offers a variety of MBA specializations, including unique options like MBA in Oil and Gas Management and Power Management. The university fees range from Rs. 1,50,000 to Rs. 1,99,000.
| Recognition & Accreditation | NIRF, NAAC |
| Affordable Online MBA Programs of UPES University |
|
| Eligibility | – |
| Fees Per Semester | Rs. 37,500/- |
| Total Fees | Rs. 1, 50, 000/- |
| Placement Assistance | – |
- Online Logistics and Supply Chain Management – Rs. 1, 70,000/-
- Oil And Gas Management – Rs. 199,000/-
- Power Management- Rs. 199,000/-
7. DY Patil University Online With the Best Pedagogy
DY Patil University is one of the well-known private universities in India. It offers affordable MBA programs with a high-quality learning experience. The university provides a customized curriculum, live and recorded classes, study materials, and more. The DY Patil online MBA helps students develop a self-learning approach with 24/7 support.
| Recognition & Accreditation | UGC, NAAC, AICTE, NIRF |
| DY Patil University’ Affordable MBA Specializations |
|
| Eligibility |
|
| Fees Per Semester | Rs. 42,500/- |
| Total Fees | Rs. 1,70,000/- |
| Placement Assistance | Yes |
8. Online Manipal University Jaipur for Affordable MBA
Manipal Online University is among the top universities for MBA programs. It’s important to note that Online Manipal University, Jaipur, offers more affordable MBA courses. However, the MBA fees at Manipal University for Higher Education are higher compared to Manipal University Jaipur.
| Recognition & Accreditation | NAAC A+, UGC |
| Manipal University Jaipur Affordable Online MBA Courses |
|
| Eligibility |
|
| Fees Per Semester | Rs 43,750/- |
| Total Fees | Rs 1,75,000/- |
| Placement Assistance | Yes |
9. Lovely Professional University with 25% Student Grant
Lovely Professional University (LPU) is a well-known and affordable university offering online courses. As a UGC-recognized university, it provides online classes with a virtual learning environment, 24/7 academic support, an industry-focused curriculum, and live interactive lectures.
LPU’s online MBA program costs Rs. 1,76,000 if paid semester-wise. You can also avail a student grant, reducing the semester-wise fee to Rs. 36,000, making the total Rs. 1,44,000. Additionally, by choosing a one-time payment, you can further lower the total fee to Rs. 1,31,200.
| Recognition & Accreditation | NAAC A++, UGC, NIRF |
| Affordable Online MBA Programs of Lovely Professional University |
|
| Eligibility |
|
| Fees Per Semester | Rs. 44,000/- |
| Fees Per Semester (with 25 % student grant) | Rs. 36,000/- |
| Total Fees | Rs. 1,76,000/- |
| Total Fees (with 25 % student grant) | Rs 1,44,000/- |
| One time Fee | Rs. 1,60,000/- |
| One time Fee (with 25 % student grant) | Rs. 1,31,200/- |
| Placement Assistance | Yes |
10. Amity University Online MBA From Most Reputed Institute
Amity University is one of the top private institutions, with campuses in many cities. Ranked in the top 10 in the Asia Pacific by QS Ranking 2023, the university offers both regular and online programs. Through Online Amity University, you can pursue an MBA in various specializations at an affordable fee. All MBA courses at Amity University have the same fee structure.
| Recognition & Accreditation | NAAC, AICTE, NIRF, UGC |
| Affordable Online MBA Programs of Amity University |
|
| Eligibility |
|
| Fees Per Semester | Rs. 45,000/- (except Rs. 44,000/- in 4th Semester) |
| Total Fees | Rs 1,79,000/- |
| Placement Assistance | Yes |
IGNOU offers the MBA programmes at lowest fees.
In India Online MBA fees starts with Rs. 62,00/-
Yes, In India, Online MBA provided by recognized universities is valued equally like regular MBAs.
Yes, by taking admission in Shoolini University, IGNOU, and Uttaranchal University, you can pursue an online MBA under Rs. 1 Lakhs/-.