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 low cost online MBA courses that are almost 3-4 times cheaper than a traditional MBA programs.
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 top 11 most affordable 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.
So if you're wondering Which college has lowest fees for online MBA in India? this article will surely help you.
11 Cheapest Online MBA Courses in India
Below we have mentioned the top universities that offers most affordable online MBA programs in India. All courses mentioned in our article cost under INR 1 Lakh. The fee of these courses starts from as low as INR 50,000.
Most Affordable Online MBA Courses in India – Fee Comparison | |
Name of the University | Total Fee |
Yenepoya University | INR 50,000 |
Mizoram University | INR 54,050- 56,690 |
IGNOU | INR 66,000 |
Mysore University | INR 68,625 |
KL University | INR 73,500 |
Symbiosis Centre for Distance Learning | INR 76,000 (if paid lumpsum) |
Bharathidasan University | INR 91,000 |
Uttaranchal University | INR 94,000 (if paid lumpsum) |
MIT School of Distance Education | INR 95,000 |
GLA University | INR 97,000 |
Parul University | INR 99,000 (if paid lumpsum) |
1. Yenepoya University
Established in 1991 as a not-for-profit trust by Mr. Yenepoya Abdulla Kunhi, Yenepoya University is a NAAC A+ accredited private university based in Mangalore, Karnataka. The university offers its online degree programmes through Yenepoya Online.
At just INR 50,000 total program fee, the Yenepoya online MBA is currently the most affordable UGC-DEB entitled online MBA in India. While most affordable MBA courses offered in online mode only provides recorded material, Yenepoya delivers the programme through live online classes and also assigns a dedicated academic mentor to each learner.
Key Highlights
Name of the Institution | Yenepoya Online |
Course Name | Online MBA |
Mode | Online |
Approvals | UGC-DEB entitled |
NAAC Grade | A+ |
University Type | Deemed to be University |
Duration | 2 Years (4 Semesters) |
Total Fees | INR 50,000 |
Location | Mangalore, Karnataka |
Specializations
Yenepoya offers 11 specializations with their Online MBA program, these includes three dual specializations. The list of specializations are mentioned below:
- Marketing
- Finance
- Human Resource Management
- Data Science and Analytics
- Healthcare Management
- International Finance
- Public Administration
- Strategic Accounting and Taxation
- Marketing and Finance (dual)
- Marketing and Human Resource Management (dual)
- Human Resource Management and Finance (dual)
Yenepoya University is known for their health science programs, and this is the reason their Online MBA in Healthcare Management is worth considering. This is the most affordable online MBA in Healthcare Management available today from a university that has its roots in health sciences.
Eligibility Criteria
A 3-year bachelor’s degree from a UGC-Recognized university with a minimum of 50% marks or an equivalent grade. SC/ST candidates are given a 5% relaxation in marks.
Fee Structure
The total fee for the Yenepoya online MBA is INR 50,000. This can be paid in two installments of INR 25,000 per year. EMI options are also available.
Apart from this, students are also required to pay examination fee of INR 3,000 per year.
2. 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 #82 in India as per NIRF ranking 2025 university category.
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 worth considering for students who are looking for budget friendly MBA options.
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 ranges between INR 54,050- 56,690 depending on the specialization, which makes this program the second most affordable online MBA program in India.
3. 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 one of 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 who 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 66,000. Students need to pay INR 16000 per semester for semester 1st, 2nd, and 4th, and INR 18,000 for semester 3rd.
4. 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 68,625/-. This fee is applicable for dual specialization option.
5. 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 country which has been granted Category 1 Status by the UGC. The university ranks #26 among all the universities in India as per the NIRF ranking 2025.
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 73,500, which makes the program highly affordable for students.
6. 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 offer a MBA degree program, but their 2-year post graduate diploma in management is considered to be equivalent to a MBA degree program. The SCDL program considered to be one of the most affordable online MBA in India.
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 SCDL PGDBA program is INR 76,000 if paid lumpsum.
7. 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 91,000.
8. 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 ranked among the top affordable online MBA courses in India.
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 94,000/-. The fee includes the examination fee of INR 2,500 per semester.
9. 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 Executive 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 95,000.
10. GLA University
GLA University is one of the top ranked private universities in Uttar Pradesh. The university ranks in #101-150 band in India as per NIRF 2025 ranking. Its 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 97,000, which makes it a good option to consider if you’re looking for an online MBA under 1 lakh for working professional and fresh graduates in India.
11. 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 99,000, if you make the lumpsum payment.
FAQs
What is the cheapest online MBA program in India?
Yenepoya University offers the cheapest online MBA program that cost just INR 50,000 for the complete two year program. Mizoram University is another university that comes very close to Yenepoya University when it comes to affordable online MBA in India, its online MBA cost just INR 54,050 for the complete 2 year program.
How much does an Online MBA cost in India?
In India, the cost of an online MBA program ranges from INR 50,000 – INR 5,00,000+. The average cost of an online MBA in India is INR 2,00,000/-.
Can I get a loan for an Online MBA?
Yes, you can get loan for online MBA in India. Universities in India also offer easy EMI options to students to pay their online MBA fees.