Top 10 Most Affordable Online MBA in India 2024

MBA (Master’s in Business Administration) is one of the most sought-after courses in India for higher education. The degree course is among the significant courses that help gain higher salary packages’ job, promotion, and positions. However, the fees for an MBA from regular colleges and universities range between Rs 10 Lakhs and 40 Lakhs. But you don’t need to worry about these high fees.

An online MBA is one of the best options for gaining regular MBA degrees and knowledge at an affordable course fee.

In India, various universities provide 2-year online MBA programmes that are affordable and known for offering quality MBA learning at your own pace.

From these universities, you can pursue the course on your own. Moreover, you can easily finance your higher education by working in a part-time or full-time job.

Wondering what are those universities and their affordable online MBA programs?

Let’s dive deep into the blog!

Also Read : List of UGC Approved Online MBA Colleges [2024 Updated List] Click Here

Affordable MBA Colleges in India for Online/Distance Learning

Here is the list of the top 10 universities that provide an affordable MBA in India with excellent teaching facilities, learning opportunities, and career assistance. In these universities, you can find various MBA specializations to pursue as per your career goal, budget, and preference.

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. 1,79,000/-

Affordable Online/Distnce MBA Colleges and Programs

1. Indira Gandhi Open University, IGNOU to Pursue MBA from Government Institute

Indira Gandhi Open University is one of the top government institutes in India to pursue online courses. Established in 1985, IGNOU is recognized by UGC, accredited by NAAC, and approved by AICTE. The institute provides complete MBA programmes at only Rs. 62,000/-. All the MBA programmes offered by IGNOU have the same course fee.

Recognition & Accreditation	UGC, NAAC, AICTE
Affordable Online MBA Programs to Pursue from IGNOU	General MBA MBA in Banking & Finance MBA in Human Resources Management MBA in Financial Management MBA in Operations Management MBA in Marketing Management
Eligibility	Passed Bachelor Degree of Minimum 3 years duration At least 50% marks (45% in case of candidates belonging to reserved category).
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 among the top online universities in India. It offers quality education, placement assistance, and affordable fees. At the university, you can learn managerial skills through Live Classes, personalized mentorship, and integrated LMS and e-library.

Recognition & Accreditation	UGC, AICTE, NAAC
Affordable and in-demand MBA Courses in Uttaranchal University	MBA in Marketing Management MBA in Digital Marketing MBA in Human Resources MBA in Business Analytics MBA in Financial Management MBA in International Business MBA in Information Technology
Eligibility	Bachelor’s degree in any discipline from any recognised university or an equivalent degree. A minimum of 50% marks in aggregate in graduation or 45% marks for reserved category. 2 years of work experience.
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. The college provides several MBA specializations that you can pursue at a course fee of only Rs. 90,000/-. However, if you want the placement facility, you can receive pay after the placement facility, for which you will be required to pay Rs. 15,000/- per semester and the remaining fee of Rs. 60,000/- after the placement.

Recognition & Accreditation	UGC, NIRF
Affordable Online MBA Course to Pursue at Shoolini University	MBA in Marketing Management MBA in Human Resource Management MBA in Financial Management MBA in Digital Marketing MBA in Retail Management MBA in Operation Management MBA in Banking & Insurance MBA in Logistics & Supply Chain Management MBA in Tourism Management MBA in Real Estate Management MBA in Direct Selling Management MBA in Data Science & Business Analytics MBA in Agri Business Management MBA in Biotechnology Management MBA in Food Technology Management MBA in Pharma & Health Care Management
Eligibility	Bachelor’s degree from a recognized university/institution At least 50% marks (45% marks in case of Candidates belonging to reserved category)
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 featured in world university rankings and is accredited by NIRF and NAAC. The institute offers various courses for bachelor's and master's degrees. It also offers several MBA specializations, along with an MBA in Finance, Marketing, and Human resources, to build professionals with Multiple skills.

Recognition & Accreditation	NIRF, A+ NAAC
Affordable Online MBA Programs to Pursue from IGNOU	MBA in Finance, Marketing and Human Resources MBA in Human Resource Management (HRM)+ MBA in Marketing Management MBA in Finance Management MBA in Marketing and Finance Management MBA in Human Resource and Finance Management MBA in General Management MBA in FinTech MBA in Project Management MBA in Information and Technology Management MBA in Healthcare Management MBA in Logistics and Supply Chain Management MBA in Digital Marketing and eCommerce MBA in Analytics and Data Science Eg MBA in Sports Management MBA in Operations Management
Eligibility	Graduates / Bachelor’s Degree holders of any discipline from a recognized University A minimum of 50% aggregate. (Reserved category for 45%)
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

Another university that is well-known for providing various online courses is Jain University. The university fees start at Rs 1,50,000/—per year and go up to Rs 2,60,000. Here, affordable MBA courses include MBA in finance, marketing, systems and operations management, general management, and human resource management. You can pursue advanced MBA courses, including International Finance, integrated marketing, etc., with a course fee of Rs 2,60,000/—, which is affordable compared to numerous universities.

To learn about Jain University, its various courses and fees in detail, Tap here.

Recognition & Accreditation	NAAC A++, NIRF
Most Affordable Online MBA Programs of Jain University	MBA in Finance MBA in Marketing MBA in Systems and Operations Management MBA in General Management MBA in Human Resource Management
Eligibility	Pass in an undergraduate program A minimum 50% of marks (5% relaxation for reserved class)
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 university of tomorrow with an integrated AI curriculum, helping the students to adapt to new technology and be ready for the job market. The UPES offers various MBA specializations, including some exclusive specializations, such as MBA in oil and gas management, power management, etc. 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	MBA in International Business MBA in Business Analytics MBA in Digital Business MBA in Human Resource Management MBA in Marketing Management MBA in Operations Management MBA in Infrastructure Management MBA in Financial Management
Eligibility	-
Fees Per Semester	Rs. 37,500/-
Total Fees	Rs. 1, 50, 000/-
Placement Assistance	-

Exclusive MBA Programmes of UPES University with Fees

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 most famous private universities in India. It offers affordable MBA courses for students with a quality learning environment. It provides students with a tailored course curriculum, live and recorded classes, course materials, and more. DY Patil online MBA will help you develop a self-learning attitude with their 24*7 support.

Recognition & Accreditation	UGC, NAAC, AICTE, NIRF
DY Patil University’ Affordable MBA Specializations	MBA in Sales And Marketing (SM) MBA in Human Resource Management (HRM) MBA in Hospital And Healthcare Management (HHM) MBA in Finance (FIN) MBA in Retail Management (RM) MBA in Logistics & Supply Chain Management (LSM) MBA in International Business (IB) MBA in Entrepreneurship Management (EM) MBA in Event Management (EVM) MBA in Digital Marketing (DM) MBA in Data Science And Business Analytics (DS)
Eligibility	Bachelor’s degree from a recognized university/institution. A minimum of 50% marks in aggregate in graduation (45% for reserved categories)
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 one of the top universities for MBA. You must know that Online Manipal University, Jaipur, offers affordable MBA courses. However, Manipal University for Higher Education's MBA fees is relatively higher than Manipal University Jaipur.

Recognition & Accreditation	NAAC A+, UGC
Manipal University Jaipur Affordable Online MBA Courses	MBA in Finance MBA in Marketing MBA in Human Resource Management MBA in Analytics and Data Science MBA in IT & FinTech MBA in Operations Management MBA in International Business MBA in Information System Management MBA in Project Management MBA in Supply Chain Management
Eligibility	Bachelor’s degree from a recognized university/institution A minimum of 50% marks in aggregate in graduation (45% for reserved categories) or an equivalent qualification as recognized by the Association of Indian Universities. Candidates must clear Manipal University Jaipur’s online aptitude test or must have a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT)
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 another well-known and affordable university offering online courses to students. The UGC university provides online classes with an innovative virtual learning environment, 24/7 academic support, an industry-oriented curriculum, and interactive live lectures.

You can enroll in LPU's online MBA program, which will cost you Rs. 1,76,000/- if you pay a fee semester-wise. Here, you can also avail of a student grant of Rs 1,44,000 with a semester-wise fee of Rs. 36,000/-. You can reduce the course's fee to Rs. 1,31,200/-with a one-time payment facility.

Recognition & Accreditation	NAAC A++, UGC, NIRF
Affordable Online MBA Programs of Lovely Professional University	MBA in Finance MBA in Marketing MBA in Human Resource Management MBA in Data Science MBA in Digital Marketing MBA in Business Analytics MBA in International Business MBA in Information Technology MBA in Operations Management
Eligibility	Bachelor’s degree from a recognized university/institution
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 among the top private institutes, with its physical colleges in numerous cities. The university, ranked in the top 10 Asia Pacific in QS ranking 2023, is known for regular and online courses. With Online Amity University, you can pursue an MBA in various specializations at an affordable course fee. All the MBA courses’ fees at Amity University are the same.

Recognition & Accreditation	NAAC, AICTE, NIRF, UGC
Affordable Online MBA Programs of Amity University	MBA in Business Analytics MBA in Data Science MBA in Digital Entrepreneurship MBA in Digital Marketing Management MBA in Entrepreneurship and Leadership Management MBA in Finance and Accounting Management MBA in Global Finance Market MBA in Hospitality Management MBA in Human Resource Management MBA in Human Resources Analytics MBA in Information Technology Management MBA in Insurance Management MBA in International Business Management MBA in International Finance(ACCA) MBA in Marketing & Sales Management MBA in Petroleum and Natural Gas Management MBA in Production and Operations Management MBA in Retail Management
Eligibility	Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognized university/institution or an equivalent qualification A minimum of 40% marks in aggregate in graduation or if not; candidates need to pass an exam conducted by Amity Knowledge of English Language
Fees Per Semester	Rs. 45,000/- (except Rs. 44,000/- in 4th Semester)
Total Fees	Rs 1,79,000/-
Placement Assistance	Yes

Also Read : List of UGC Approved Online MBA Colleges [2024 Updated List] Click Here

How to Take Admission in Affordable Online/Distance MBA in India

You can take admission to any of the colleges that seem affordable to you. All the colleges mentioned above are recognized and qualified to provide online education.

You can compare different universities and find the best universities for your online MBA.
Visit the preferred MBA university’s website to apply for admission.
Check the last application date, admission fees, different specializations, and more.

However, if you find collecting details challenging, contact us for expert guidance. We, Edukyu, will be happy to help you.

You can contact us to discuss your career goal, preferred MBA, budget, qualifications, and more to learn about the best university that meets your requirements. Moreover, you can contact us to proceed with your admission process to your preferred education institutions for online MBA courses, bachelor’s programmes, MCA, and more.

Want to learn more about MBA Specialisations in India?

List of Popular Online/Distance MBA Specialisation in India

Online MBA in Human Resource Management	Online MBA in Logistics & Supply Chain Management
Online MBA in Operations Management	Online MBA in Banking and Finance
Online MBA in International Business	Online MBA in Business Analytics
Online MBA in Marketing	MBA in Entrepreneurship
Online MBA in Hospital Management	MBA Consulting
MBA in General Management	MBA in Technology Management

Conclusion

Online MBAs are a path-breaking opportunity for many individuals. Colleges like Amity, Lovely Professionals, Manipal University, Shoolini University, DY Patil, Uttaranchal University, etc., are some of the best online MBA colleges.

With Edukyu, you can easily get admitted to the top and affordable universities to pursue your preferred MBA programmes. Meet Ankit Gupta, who was a Deputy Manager at Minda Rika. After completing his online MBA with the guidance of Edukyu, he got an 85% hike and joined Exicom Power Solutions as a senior manager.

“I enrolled in the perfect Online program with EduKyu's support , one that aligned with my aspirations and fit my busy schedule. The knowledge and skills I gained were like powerful crampons, propelling me upward. Within months, I landed a Senior Manager position at my new company! They didn't just help me get promoted; they helped me become the leader I was always meant to be."