In India with 1 lakh budget, it is possible to pursue MBA in fulltime, part time, online and distance mode. Students who are seeking flexible learning and affordable fees structure can pursue online MBA under 1 lakh to improve their career prospects.
In this blog, we will discuss about one question that graduates have is, “Can I do an MBA in 1 lakh?” covering colleges/universities that offer MBA in online and executive mode under 1lakh fees structure.
MBA course fees
MBA is a popular and rewarding career choice of many graduates aiming to climb corporate ladder and to enhance their business acumen for future successful career. Before embarking the MBA journey, candidates need to know the total cost of the MBA program.
The MBA course fees depends on multiple factors, such as type of college, location, course mode, duration, and additional expenses (study material, hostel and mess). The MBA course fee varies from as low as ₹39,000 at JMI government colleges to high as 22 Lakhs at elite colleges like FORE and IIFT.
Mentioned below is the MBA fee structure on the basis of college type and course mode:
|
College type
|
Range of total fees
|
Course mode
|
|
Top private MBA colleges like IIMs/SPJIMR/MDI
|
20lakhs-35 lakhs
|
Full-time
|
|
Government MBA college like FMS/TISS/DU
|
20,000-2 lakhs
|
Full-time
|
|
Online/Distance MBA
|
20,000- 1 lakh
|
Remote (classes are conducted virtually)
|
Online MBA under 1 Lakh
Management aspirants can pursue distance or online MBA under 1 Lakh from any recognized university that offers updated curriculum and recognized degree. The online/distance mode MBA program in India enables graduates to complete their higher education degree at affordable fee structure.
MBA course fee in government colleges and online/distance mode are affordable, MBA fees for the learners. MBA aspirants prefer distance/ online MBA under 1 Lakh course fee as the program is flexible and cost effective for working professionals.
Mentioned below is the list of leading MBA government colleges and distance/online MBA under 1 Lakh with their total fees structure:
|
University/College Name
|
Total Fee
|
Course Mode
|
Recognized by
|
|
Jamia Millia Islamia
|
39000-58000
|
Full time government college
|
UGC
|
|
IGNOU
|
62,000
|
Online/Distance
|
AICTE and UGC
|
|
KCC-ITM
|
65,000 per semester (various merit based scholarships)
|
Full time, government affiliated private college
|
AICTE and UGC
|
|
Delhi School of Economics (DSE DU)
|
53,980
|
Full time government college
|
DU (Delhi university) and UGC
|
|
Banaras Hindu University (BHU)
|
1 L-1.5 Lakhs
|
Full time government college
|
UGC
|
|
Tata Institute of Social Sciences (TISS), Mumbai
|
1.2Lakhs
|
Full time government college
|
UGC
|
|
Andhra University
|
50,600
|
Online
|
UGC
|
|
Symbiosis Centre for Distance Learning
|
74,000
|
Online
|
AICTE, UGC
|
|
Uttaranchal University
|
92,000
|
Online
|
AICTE, UGC
|
|
Mizoram University
|
50,700
|
Online
|
AICTE, UGC
|
|
GLA University
|
75,000
|
Online
|
AICTE, UGC
|
|
Bharathidasan University
|
91,000
|
Online
|
AICTE, UGC
|
|
KL University
|
65,500
|
Online
|
AICTE, UGC
|
|
Parul University
|
90,000
|
Online
|
AICTE, UGC
|
|
Mysore University
|
62,625
|
Online
|
AICTE, UGC
|
Executive MBA under 1 Lakh
Executive MBA is tailored for working professionals with 2 plus work experience. It has fewer classes, which are conducted in weekends or online mode. Candidates who are planning for executive MBA should have atleast 3 years plus work experience.
Most of the executive MBA course fee ranges from 2 Lakh to 10 Lakh, but few private and government colleges offer executive MBA under 1 lakh. Such MBA program enables candidates to complete their education with continued employment.
Executive MBA course duration is 1-2years with weekend/evening classes with flexible study program. Mentioned below is the list of colleges/universities with executive MBA under 1 lakh:
|
College/University |
Total Fees (INR) |
Duration |
Location |
|
IGNOU |
20,000-50,000 |
2-3 Years |
Delhi |
|
Symbiosis Cetre for Distance Learning |
80,000-1 Lakh |
2 Years |
Pune |
|
Andhra University |
62,200 |
2 Years |
Andhra Pradesh |
|
ICFAI Business School (IBS), Hyderabad |
60,000 |
2 Years |
Hyderabad |
|
IIKM Business School |
52,000 |
2 Years |
Kerala |
|
Nirma University |
23,000 |
2 Years |
Gujarat |
|
BK School of Business Management |
24,000 |
2 Years |
Gujarat |
|
Navrachana University |
62,500 |
2 Years |
Gujarat |
MBA in 6 months online
In India, MBA in six months online business management certificate programs are rare. The UGC (University Grant Commission) approves MBA degrees of two years, four semester’s program.
There is currently no accredited or UGC approved full time MBA or PGDM program in India with only 6 months duration. MBA program and PGDM degree that are recognized by AICTE and UGC, minimum duration is 1-2years.
Cheapest online MBA in India
In India, the cheapest online MBA program is offered by Jamia Millia Islamia, Symbiosis centre for distance learning, Uttaranchal University, IGNOU and Mizoram University. Their MBA program is accredited and recognized by AICTE and UGC. Their MBA course fee ranges from 50,000 – 1 lakh.
The government jobs, MNCs, and corporate companies widely accept the degree of these universities. The admission process is flexible as the eligibility criterion requires 50% marks in graduation.
Final Takeaway
In conclusion, completing MBA program under 1lakh is a viable and doable option. The distance, fulltime, executive MBA and online MBA under 1 lakh is a valuable option. The cost of traditional MBA course fees varies from as low as ₹39,000 at JMI government colleges to high as 22 Lakhs at elite colleges like FORE and IIFT.
Candidates who are seeking admission in well-recognized and affordable MBA colleges are advised to check MBA course fees in various mode (distance/online/executive/fulltime) and type of college (government/private) and then select a college that aligns with learner’s career aspirations.
Cheapest online MBA in India offers by Jamia Millia Islamia, Symbiosis centre for distance learning, Uttaranchal University and IGNOU enables learners to pursue MBA program without any financial burden typically associated with traditional MBA degree.
FAQs for Can I do MBA under 1 Lakh?
Q1: Is an online/distance MBA under 1 lakh valid for jobs?
Ans1: Yes, degrees from UGC and AICTE recognized institutions like IGNOU, Symbiosis, or state universities are accepted by Indian government, private, and international employers.
Q2. Which is the most affordable MBA college in Delhi NCR?
Ans2. The most affordable MBA college in Delhi NCR is Delhi School of Economics (DSE DU), KCC-ITM and Jamia Millia Islamia.
Q3: Is a 6-month MBA equivalent to a regular MBA?
Ans3: No, a 2yrs professional full time MBA degree is never equivalent to a national or international 6months MBA certificate. For a recognized MBA degree, a program must span at least 2 years as per UGC norms.
Q4: Is placement provided in low-fee online MBAs?
Ans4: Yes, placement cell offers assistance to candidates with online/distance MBA learners. Generally online/distance/executive MBA is taken up by working professionals. But if the learners choose campus placement then the placement package may not match on-campus full-time MBA learner.