Introduction to Affordable Online MBA in India
The MBA program is the most popular professional degree program among working professionals, and fresh graduates who want to make their career in the field of business management.
Although, due the high fees of regular MBA courses, not everyone can afford them. That is the reason, more and more people in India are opting for an online MBA program.
These courses are not only affordable, but also provide great flexibility to working professionals so that they can balance their work and education at the same time.
In India, the fee for an Online MBA program starts from INR 64,000 and goes up to INR 5,00,000.
In this article, we will discuss about some cheapest online MBA options available in India that cost less than 1 lakh INR.
10 Cheapest (Most Affordable) Online MBA Programs in India
below are the top 10 cheap online MBA programs in India that cost as low as INR 12675 per semester.
Top 10 Affordable Online MBA Colleges in India | |||
Rank | University | Total Fee | Approvals |
1 | IGNOU | INR 64,000 | UGC, AICTE, NAAC A++, NIRF Rank #1 in Open University Category |
2 | Symbiosis Centre for Distance Learning | INR 74000 | AICTE |
3 | Sikkim Manipal University | INR 1,10,000 | UGC, AICTE, NAAC A+, NIRF Rank 151-200 |
4 | Uttaranchal University | INR 1,36,000 | UGC, AICTE, NAAC A+ |
5 | Mizoram University | INR 50,700 | UGC, AICTE, NAAC A Grade, NIRF Rank #77 |
6 | Shoolini University | INR 1,10,000 | UGC, AICTE, NAAC A+, NIRF Rank #89 |
7 | Sharda University | INR 1,00,000 | UGC, AICTE, NAAC A+, NIRF Rank #87 |
8 | Parul University | INR 90,000 | UGC, AICTE, NAAC A++, NIRF Rank #101-150 |
9 | Manav Rachna University | INR 1,28,139 | UGC, AICTE, NAAC A++, NIRF Rank #201-300 |
10 | Hindustan Institute of Technology & Science | INR 1,20,000 | AICTE, NAAC A+ |
1. Indira Gandhi National Open University (IGNOU)
When it comes to affordable quality education, the name of Indira Gandhi National Open University (IGNOU) comes at the top.
IGNOU is the world’s largest university and offer an online MBA that cost only INR 64,000.
This is one of the most affordable online MBA program available in India.
The IGNOU MBA is approved by the UGC and AICTE, and it offers total five specializations.
University Name | IGNOU |
Name of the course | Online MBA |
Total Fee | INR 64,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC, and AICTE |
2. Symbiosis Centre for Distance Learning (SCDL)
Symbiosis Centre for Distance Learning is one of the most popular institutions for distance learning management courses in India. They offer many specialized PGDM (equivalent to an MBA) courses that are very affordable and cost just INR 74,000 for the entire two year program.
SCDL courses are approved by the AICTE.
The institute was incorporated in 2001, and offer courses in different areas of management including Business Management, Supply Chain Management , Information Technology, Banking and Finance, International Business, Insurance Management, Education Management, Business and Corporate Law, Customer Relationship Management, and Entrepreneurship.
They also offer corporate programs to leading national and international companies such as Infosys, Aditya Birla Group, IBM, Bharti Airtel, Wipro etc.
SCDL follows blended learning methodology of teaching for their programs that combines the three forms of learning i.e printed learning material, digital e-learning, and faculty interaction.
University Name | Symbiosis Centre for Distance Learning |
Name of the course | Online MBA |
Total Fee | INR 74,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university. |
Specializations |
|
Recognition & Approvals | AICTE |
3. Sikkim Manipal University (SMU)
Sikkim Manipal University is a well-known university in distance education. The university is offering distance learning courses since 2001. Over 5,00,000 students have already completed their degree through distance learning mode of education from SMU.
Sikkim Manipal University is a NAAC A+ accredited, and UGC-Entitled university that offer a dual-specialization online MBA program.
SMU Online MBA is another cheap online MBA course that cost just INR 1,10,000.
University Name | Sikkim Manipal University |
Name of the course | Online MBA |
Total Fee | INR 1,10,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with a minimum of 50% marks (45% for SC/ST). |
Specializations |
|
Recognition & Approvals | UGC, AICTE, NAAC A+ |
4. Uttaranchal University
The online MBA program offered by Uttaranchal University is another affordable online MBA in India.
Uttaranchal University online MBA program cost just INR 35,000 per semester or INR 1,36,000 for the entire two year program if fee is paid in two yearly instalments.
Uttaranchal University is a NAAC Grade A+ accredited university. The university is also entitled by the UGC to offer online degree courses in India.
The online MBA program offered by the Uttaranchal University is approved by the UGC-DEB and AICTE.
Uttaranchal University online MBA offers total 8 specializations.
University Name | Uttaranchal University |
Name of the course | Online MBA |
Total Fee | INR 1,36,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE, NAAC A+, Member of AIU |
5. Mizoram University
Established in the year 2021, Mizoram University is a central university which comes under the UGC. The university is NAAC A Grade accredited university that ranks among the top 100 universities in India as per the recent NIRF rankings.
Mizoram University offers the cheapest online MBA program in India that cost only INR 50,700 for the entire two year course. The fee structure of this program makes it very attractive to students looking for an online MBA degree in budget.
The program offers total 5 MBA specializations.
University Name | Mizoram University |
Name of the course | Online MBA |
Total Fee | INR 50,700 |
Eligibility | Graduation or equivalent degree through ( 10 +2 + 3) from a recognized University. |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE Approved |
6. Shoolini University
Shoolini University is a popular private university in India. The university is known for their pay after placement online degree courses.
It is UGC-entitled and NAAC A+ Grade University with 250+ hiring partners.
The university offers 16 MBA specialization and the fee of their online MBA program is also very affordable.
Shoolini University online MBA program just cost INR 1,10,000.
The university ranks #1 private university in India as per QS world university rankings, and #70 as per NIRF ranking.
University Name | Shoolini University |
Name of the course | Online MBA |
Total Fee | INR 1,10,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE Approved |
7. Sharda University
Located in Greater Noida, Uttar Pradesh, Sharda University is a popular private university in north India. The university is accredited by NAAC with A+ grade, and entitled by the UGC to offer online degree courses in India.
Sharda University offers a low cost online MBA program that cost just INR 1,00,000. The online MBA from Sharda University offers total 5 specializations, and comes with placement support.
University Name | Sharda University |
Name of the course | Online MBA |
Total Fee | INR 1,00,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE Approved |
8. Parul University
Founded in 2009, Parul University is a private university located in Vadodara, Gujarat.
Parul University is a NAAC A++ grade accredited university. It is also recognized by the UGC, and approved by AICTE.
Parul University offers a 2-year budget friendly online MBA that cost just INR 90,000. It’s another highly affordable online MBA program in India. It comes with 20 specializations.
Students also get access to free certification courses to enhance their skills in different areas of management.
The university also have a Pathway program that gives students an opportunity to pursue online MBA from two universities.
Currently, Parul University have a semester exchange program in 5 counties.
University Name | Parul University |
Name of the course | Online MBA |
Total Fee | INR 90,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE Approved, NAAC A++ |
9. Manav Rachna University
Located in Faridabad, Haryana, Manav Rachna University is UGC and AICTE approved university. Manav Rachna Online degrees are also accredited by WES-Canada and WASC-USA. This ensures that your degree is accepted globally.
The university offers an online MBA degree program through Manav Rachna Centre for Distance and Online Education.
The online MBA offered by Manav Rachna University offers 9 specializations.
Manav Rachna University also offers placement support through virtual and offline job fairs. They also have a strong network of 200+ hiring partners to ensure students get ample job opportunities after completing their degree.
The fee structure for Manav Rachna University online MBA program is also very affordable. The online MBA program cost just 1,28,139.
University Name | Manav Rachna University |
Name of the course | Online MBA |
Total Fee | INR 1,28,139 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations |
|
Recognition & Approvals | UGC-Entitled, AICTE Approved, NAAC A++ |
10. Hindustan Institute of Technology & Science
Hindustan Online MBA offers 16 specializations to choose from. It’s a 2-year degree program that is offered by Hindustan Centre for Online and Distance Education (CODE).
Located in Chennai, Tamilnadu, Hindustan Institute of Technology & Science is a deemed to be university. The university’s online MBA program is another low cost online MBA program in India.
The program cost online INR 30,000 per semester or INR 1,20,000 for the entire two-year course.
Hindustan Institute of Technology & Science is a NAAC A+ accredited institute, that ranks among the top 30 private universities in India as per latest The World University Ranking.
University Name | Hindustan Institute of Technology & Science |
Name of the course | Online MBA |
Total Fee | INR 1,20,000 |
Eligibility | A Bachelor’s degree in any discipline from a recognized university with at least 50% marks (45% for reserved category candidates) |
Specializations | Finance, Marketing and Human Resources Human Resource Management (HRM) Marketing Management Finance Management Marketing and Finance Management Human Resource and Finance Management
|
Recognition & Approvals | AICTE, NAAC A+ |
Frequently Asked Questions
How much does online MBA cost in India?
The cost of an online MBA program in India ranges from INR 50,700 – INR 5,00,000. The cost depends upon multiple factors like institute reputation, specialization, and program type. Courses from institutes like IIM, Goa Institute of Management, BITS Pilani, Shiv Nadar University are 5-7 time costlier compared to courses from IGNOU, and Mizoram University.
Which online MBA is the cheapest in India?
Online MBA from Mizoram University is the cheapest online MBA program in India followed by online MBA from IGNOU. The Mizoram University online MBA cost just INR 50,700, and IGNOU MBA cost INR 64,000.
Do affordable online MBA courses have any value?
Yes, affordable online MBA courses mentioned above in this article are approved by the UGC and AICTE, which means they are valid online MBA programs for jobs and higher education in India. Some of these universities also offer placement assistance to their students.
Which MBA has more value online or offline?
Both online and offline MBA courses have same value as both of them are recognized by the UGC and other regulatory authorities. If you’re looking for a flexible and cost-effective online MBA program, then an online MBA is a better choice.