If you’re someone looking for advancing your career, Master of Business Administration (MBA) degree is probably the best postgraduate program that you can pursue today. Although, the cost of doing a traditional classroom MBA program is very high and not everyone can afford it.
Luckily, In India, many top business schools and universities now offer an online MBA programs that is almost 3-4 times cheaper than a traditional MBA program.
These courses offer great opportunities to working professionals and fresh graduates to acquire business and leadership skills without breaking the bank.
In this article, we have listed cheap online MBA courses in India that cost under INR 1 Lakh. These courses come from UGC recognized universities that are NAAC accredited and offers online MBA at lowest fee.
10 Cheapest Online MBA Courses in India
Below we have mentioned the top universities that offers most affordable online MBA in India. All courses mentioned in our article cost under INR 1 Lakh. The fee of these courses starts from as low as INR 50,700.
Top 10 Cheap Online MBA Programs in India | |
University Name | Total Fee |
IGNOU | INR 62000 |
Symbiosis Centre for Distance Learning | INR 58000 |
Uttaranchal University | INR 82000 |
Parul University | INR 90000 |
MIT School of Distance Education | INR 90000 |
GLA University | INR 75000 |
KL University | INR 65500 |
Mysore University | INR 62625 |
Mizoram University | INR 50700 |
Bharathidasan University | INR 91000 |
1. IGNOU
Indira Gandhi National Open University is the largest Open University in the world. The university is situated in New Delhi and offers one of the most popular online MBA program in India. The online MBA program offered by IGNOU is also the cheapest online MBA program available in India.
Indira Gandhi National Open University (IGNOU) was established in the year 1985 with an aim to provide access to higher education to all segments of the society.
Currently over 40 lakh students from India and other 33 countries are enrolled in different courses offered by IGNOU.
The university started its Centre for Online Education (COE) on June 7, 2019, and the online MBA program is offered under the COE.
The IGNOU MBA is an AICTE recognized Post Graduate Degree programme that is designed to provide necessary skills to students want to make their career in the field of business management.
IGNOU Online MBA offers the following specializations
- Human Resource management
- Financial Management
- Operations Management
- Marketing Management
- Services management
Eligibility Criteria
Candidates with 50% marks in graduation (45% for reserved category) are eligible for admission in IGNOU online MBA.
Fee Structure
The total fee for IGNOU online MBA program is INR 62,000. Students need to pay INR 16000 at the beginning of 1st semester and INR 14000 each in the beginning of 2nd, 3rd and 4th semesters.
2. Symbiosis Centre for Distance Learning (SCDL)
Symbiosis Centre for Distance Learning (SCDL) is one of the largest autonomous distance learning education institute in India. The institute was established in the year 2001, and offers many diploma and certification programs in different sectors of management.
Being an autonomous institute, SCDL doesn’t offers a MBA degree program, but their 2-year post graduate diploma in management is considered to be equivalent to a MBA degree program.
You can pursue a variety of postgraduate diploma courses from SCDL. List of PG diploma courses offered by SCDL are
- Post Graduate Diploma in Business Administration
- Post Graduate Diploma in Banking and Financial Services
- Post Graduate Diploma in Human Resource Management
- Post Graduate Diploma in Personnel and Human Resource Management
- Post Graduate Diploma in International Business
- Post Graduate Diploma in Export and Import Management
- Post Graduate Diploma in Business and Corporate Laws
- Post Graduate Diploma in Customer Relationship Management
- Post Graduate Diploma in Supply Chain Management
- Post Graduate Diploma in Retail Management
- Post Graduate Diploma in Data Science
- Post Graduate Diploma in Information Technology
- Post Graduate Diploma in Project Management
- Post Graduate Diploma in Energy Management
- Post Graduate Diploma in Technical Writing in Business Management
- Post Graduate Diploma in Insurance Business Management
- Post Graduate Diploma in Educational Administration
- Post Graduate Diploma in Instructional Design
- Post Graduate Diploma in School Counselling
- Post Graduate Diploma in Pre-primary Teachers Training
- Post Graduate Program in Agribusiness Management
- Post Graduate Diploma in Journalism and Mass Communication
- Post Graduate Program in Strategic Management
- Post Graduate Diploma in Psychological Counselling
Apart from this, SCDL has also tied up with many leading corporates like IBM, Wipro, Infosys, Ranbaxy, Aditya Birla group, to offer corporate programs to their employees.
The courses offered by SCDL are approved by AICTE.
Eligibility Criteria
Students who have complete their graduation degree from a recognized university are eligible for admission in SCDL post graduate diploma program in management.
Fee Structure
The total fee for Symbiosis PGDM program is INR 58000.
3. Uttaranchal University
Uttaranchal University is a UGC approved university located in Dehradun India. The University is awarded with the A+ Grade by the National Assessment and Accreditation Council (NAAC).
The university offers various online courses such as, MBA, Executive MBA, MCA, BBA, BCA, and BA.
The Uttaranchal University online MBA program is a 2-year UGC recognized degree program that offers total 7 MBA specializations to choose from.
The fee of the online MBA program is highly affordable and can be paid in semester wise instalments.
Uttaranchal University online MBA offers the following specializations
- Marketing Management
- Information Technology
- Business Analytics
- International Business
- Financial Management
- Digital Marketing
- Human Resource Management
Eligibility Criteria
Candidates who have completed a 3-year bachelor’s degree from a recognized university are eligible for admission. The minimum percentage required in graduation degree is 50% for general category students and 45% for reserved category students.
Fee Structure
The total fee for Uttaranchal University online MBA program is INR 82000/-. The fee includes the examination fee of INR 2500 per semester.
4. Parul University
Parul University is a renowned private university located in Vadodara, Gujarat. The university ranks among the top 50 universities in India and the youngest university to receive NAAC A++ grade in the first cycle.
The university is UGC-entitled to offer online courses in India.
At present the university offers the following online courses: BBA, BCA, MBA, MCA, MSW, MA, MCOM, M.Sc applied mathematics.
The university offers one of the most affordable online MBA program that cost less than 1lakh.
Parul University online MBA offers total 20 MBA specializations.
- Marketing Management
- Digital Marketing & Sales Management
- Banking and Financial Services
- Information technology
- Human Resource Management
- Retail Management
- Business Analytics
- Operation Management
- Finance Management
- Agricultural Management
- Tourism & Event management
- Logistics & Supply Chain Management
- Project Management
- Family-Managed Business
- Pharmaceutical Management
- Entrepreneurship & Innovation Development
- Public Policy
- International Trade & Business
- Forensic Accounting & Corporate Fraud Investigation
- Healthcare Management
Eligibility Criteria
A graduation degree with minimum 50% marks for general category students and 45% for reserved category students is required for admission in Parul University online MBA program.
Fee Structure
The total fee for Parul University online MBA program is INR 90,000/-
5. MIT School of Distance Education (MITSDE)
Established in the year 2008, MIT School of Distance Education (MITSDE) is a part of MAEER’s MIT Pune, that offers AICTE approved online and distance learning degree, diploma, and certificate courses in various fields of business management such as: Marketing, Human resources, Operations, Information Technology, Finance, Logistics and Supply Chain, Insurance and Risk, and Retail.
Currently, MIT School of distance learning offers a dual degree MBA program, that offers a PGDM and a EMBA degree to students, and an executive MBA program. Apart from these 2 degree courses, the university also offers many postgraduate diploma and certification courses.
Here is the complete list of management courses offered by MITSDE
- Dual Degree – PGDM and EMBA
- Executive MBA
- Post Graduate Certificate in Management (PGCM)
- Post Graduate Diploma in Management (PGDM Executive)
- Post Graduate Diploma in Management (PGDM)
- Post Graduate Diploma in Business Administration (PGDBA)
Eligibility Criteria
A graduation degree from a recognized university in India.
Fee Structure
The fee for 2 year PGDBA program offered by MITSDE is INR 90,000.
6. GLA University
GLA University is one of the top ranked private universities in Uttar Pradesh. The university rank #44 in India. It’s a NAAC A+ grade private university in the state of Uttar Pradesh with highest score of 3.46.
The university offers UGC approved online undergraduate and postgraduate courses. Here is the list of courses offered by GLA University.
- BBA
- Com
- BCA
- MBA
- MCA
The online MBA offered by GLA University offers 10 specializations:
- Marketing Management
- Human Resource Management
- Retail Management
- Finance Management
- Business Analytics
- Operations Management
- Banking & Insurance
- Information Technology
- Supply Chain Management
- International Business Management
Eligibility Criteria
Passed a graduation degree from a recognized university with a minimum of 50% marks. 5% relaxation will be given to SC/ST candidates.
Fees
The total fee for GLA University online MBA program is INR 75000.
7. KL University
Located in Andhra Pradesh, KL University is among the top ranked universities in India. The university was established in the year 1980 and accredited by NAAC with A++ grade. It is among the few institutions in the county which has been granted Category 1 Status by the UGC. The university ranks #28 among all the universities in India as per the NIRF ranking.
KL University offers an online MBA program which is one of the cheapest online MBA program in the country.
The university offers the following online MBA courses
- Online MBA in Marketing
- Online MBA in Finance
- Online MBA in HR
- Online MBA in Data Science
- Online MBA in Logistics and Supply Chain
- Online MBA in Digital Marketing
- Online MBA in Entrepreneurship
Eligibility Criteria
Graduates in any discipline are eligible for KL University online MBA program
Fees
The total fee for KL University online MBA program is INR 65500, which makes the program highly affordable for students.
8. Mysore University
Located in Mysore, Karnataka, Mysore University is one of the oldest universities in India. The university was established in the year 1916. It is the first university to be accredited by NAAC with 5 star status. The university ranks among the top 50 universities in India as per the NIRF ranking.
University of Mysore offers the following affordable online MBA programs
- Online MBA General Management
- Online MBA (Dual Specialization)
- Online MBA HR Management
- Online MBA Marketing Management
- Online MBA Financial Management
- Online MBA Supply Chain Management
- Online MBA Operations Management
- Online MBA Data Science & Business Analytics
- Online MBA Healthcare Administration
- Online MBA Pharma & Biotechnology
- Online MBA Information Technology Business Management
- Online MBA Entrepreneurship
- Online MBA Executive Leadership
- Online MBA Digital Marketing
- Online MBA Small & Medium Business Management
- Online MBA Hospital Administration
- Online MBA Strategy And Leadership
Eligibility Criteria
10 + 12 pass from any recognized Board + Graduation Degree in any stream from a recognized university in India.
Fees
The total fee for Mysore University online MBA program is INR 62625/-. This program is among the online MBA programs that is available at lowest fees.
9. Mizoram University
Established in 2001, Mizoram University is a central university located in Aizawl, Mizoram. It is a UGC recognized university, that is also accredited by NAAC and ranks #76 in India as per NIRF ranking.
The university offers various Bachelors, Masters, and Executive level courses under the The Centre for Distance and Online Education.
The university’s courses are highly affordable and
Mizoram University offers the following low cost online MBA courses
- Online MBA in Logistics & Supply Chain Management
- Online MBA in Big Data Analytics
- Online MBA in Financial Management
- Online MBA in Entrepreneurship
- Online MBA in Marketing Management
Eligibility Criteria
Any Graduation degree or equivalent 10 +2 + 3 formal education from a recognized University is required for admission in Mizoram University online MBA program. Students with relevant work experience of minimum two years will get relaxation in eligibility criteria.
Fees
The total fee for Mizoram University online MBA program is just INR 50,700, which makes this program the cheapest online MBA programs in India.
10. Bharathidasan University
Established in February 1982, Bharathidasan University is another top university that offers a cheap distance MBA program in India. The university is located in Tiruchirappalli, Tamilnadu, and offers online and distance learning courses under its Centre for Online and Distance Programs.
Bharathidasan University is recognized by the UGC, and has been awarded NAAC A+ with Grade 3.32. It ranks #41 in India as per NIRF ranking.
The university offers Online MBA program with Marketing, Finance, HR, Systems, and Operations specializations.
Eligibility Criteria
Students with 3 year bachelor’s degree with minimum 50% marks are eligible for admission in Bharathidasan University online MBA program.
Fees
The total fee for Bharathidasan University online MBA program is INR 91000.