Cheapest Online MBA in India (Most Affordable), Colleges Under 1 Lakh
A regular MBA in India costs INR 5–20 lakh. But what if you could get the same degree for under INR 1 lakh?
Getting an MBA can really help your career. Since the cost of a regular MBA programme is often too high, enrollments in distance/online MBA has increased in the past few years. The majority of online MBA colleges in India have fee ranges between INR 1,00,000 to 3,00,000,. However, some universities, such as Indira Gandhi National Open University (IGNOU), Mizoram University, Uttaranchal University, and Bharathidasan University, offer low-cost online MBA programmes. You can study an online MBA programme under 1 lakh. If you are looking for the cheapest online MBA in India offering flexible study options, recognised degrees and many different specialisations, we have got you covered.
Cheapest Online MBA Colleges in India
The table below lists some of the affordable online MBA colleges in India along with their fee structure. Know how much an online MBA cost in India. The universities listed below give you an MBA degree, let you learn at your own pace and offer many different specialisations all for less than INR 1 lakh in total.
Cheapest Online MBA in India: Programme Under 1 Lakh
| College Names | Approx Fee (Full Course) |
| IGNOU | INR 66,000/- |
| Mizoram University | INR 54,050 – INR 56,690/- |
| Andhra University | INR 62,200/- |
| Uttaranchal University | INR 98,000/- |
| Bharathidasan University | INR 91,000/- |
| DU SOL | INR 1,10,440/- |
Note that the fees of the cheapest online MBA course in India may change. It is advisable to check the official website.
Overview of Colleges offering Online MBA Under 1 Lakh
Many universities in India now offer MBA programmes under one lakh. This makes it easier for more students to study management. Eligibility for online MBA courses usually requires a bachelor’s degree with around 50 per cent marks. Online MBA colleges under 1 lakh generally offer specialisations like Marketing, Finance, Human Resource Management, Operations and IT.
1.IGNOU
Indira Gandhi National Open University started in 1985 and offers an affordable Master of Business Administration programme. IGNOU MBA is perfect for students and working professionals who need to learn at their own pace. The curriculum is designed to help you learn the skills required to manage a business. It offers a course for planning online learning and hands-on work.
| Feature | Details |
| University Name | Indira Gandhi National Open University (IGNOU) |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Distance / Online Support |
| Course Duration | Minimum: 2 Years
Maximum: 4 Years |
| Eligibility | Bachelor’s degree with at least 50% marks
45% for reserved categories such as SC/ ST/ Pwd/ OBC. |
| Semester Wise Fee | INR 16,000/- for 1st, 2nd, and 4th Semester
INR 18,000/- for 3rd Semester |
| Recognition | UGC, AICTE approved
No.1 NIRF Ranking 2025 |
| Specialisation |
|
2. Mizoram University
Established in 2001, Mizoram University provides an affordable Online/Distance MBA programme through its Centre for Distance and Online Education. The university is renowned for providing high-quality management education to students and working professionals across the country. The university provides an online MBA programme to enhance students’ management skills. It is one of the popular colleges offering the cheapest online MBA in India with a fee of around INR 55,000 to 60,000.
| Feature | Details |
| University Name | Mizoram University |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Online / Distance |
| Course Duration | 2 Years (4 Semesters) |
| Eligibility | Bachelor’s degree in any discipline from a recognised university |
| Annual Fees | INR 26,920 – INR 28,450/- |
| Recognition | UGC-recognised Central University |
| Specialisation |
|
3. Andhra University
The Online MBA offered by Andhra University enables the acquisition of advanced and modern skills through ongoing education. The programme emphasises the improvement of entrepreneurial skills, managerial skills, and leadership skills. The two-year affordable online MBA programme equips you to be a future leader in an organisation.
| Feature | Details |
| University Name | Andhra University |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Distance / Online Support |
| Course Duration | 2 Years (4 Semesters) |
| Eligibility | Bachelor’s degree from a recognised university |
| Annual Fee | INR 31,600/- |
| Recognition | UGC-recognised State University |
| Specialisation |
|
4. Uttaranchal University
Another university in the list of cheapest or affordable online MBA colleges in India is Uttaranchal University. The online MBA offered by Uttaranchal University is designed to provide essential areas of business, such as finance, marketing, and human resource management to enhance management skills. The university provides each student with one-on-one mentoring from an academic mentor. The university holds an NAAC grade of A+.
| Feature | Details |
| University Name | Uttaranchal University |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Fully Online |
| Course Duration | 2 Years (4 Semesters) |
| Eligibility | Bachelor’s degree from a recognised university |
| Annual Fee | INR 47,000/-
Plus 2,000 Additional Concession Applied |
| Recognition | UGC-entitled Online Degree |
| Specialisation |
|
5. Bharathidasan University
If you are looking for a low-cost online MBA, Bharathidasan University is a preferable option. This cost-effective online MBA programme is offered through its Centre for Distance and Online Education (CDOE). The university, established in 1982, is known for its high-quality higher education and strong academic reputation. It is a suitable option for those who are searching to study and improve their managerial skills within their budget. Bharathidasan University provides quality education under 1 lakh for the full course.
| Feature | Details |
| University Name | Bharathidasan University |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Distance / Online Support |
| Course Duration | 2 Years (4 Semesters) |
| Eligibility | Graduation from a recognised University |
| Annual Fee | INR 46,000/- |
| Recognition | UGC-recognised State University |
| Specialisation |
|
6. DU SOL
Delhi University School of Open Learning offers MBA programmes in a distance and online mode of learning, which makes it more accessible for professionals willing to pursue higher education without quitting a job.. DUSOL offers scholarships and merit-based admission for the reserved category, such as army personnel, transgender, widows, or even alumni.
| Feature | Details |
| University | Delhi University School of Open Learning (DUSOL) |
| Course Name | Master of Business Administration (MBA) |
| Mode of Learning | Distance / Online |
| Course Duration | 2 Years (4 Semesters) |
| Eligibility | Bachelor’s degree with around 50% marks |
| Annual Fee | INR 55,220/- |
| Recognition | UGC-recognised degree from Delhi University |
| Specialisation |
|
Low-Cost Online MBA Programmes: EMI & Scholarship Options
Universities in India offer online MBA courses with flexible payment options, including EMI and scholarship schemes. Although the cost of an online MBA offered by top institutes such as NMIMS, Amity and Amrita is more than 1 lakh, scholarships and no-cost EMI options are provided to make it affordable. Below are some of the top colleges offering online MBA with EMI and scholarship options. Note that the following colleges do not offer online MBA under 1 lakh.
| College Name | EMI & Scholarship Options |
| Amity Online | EMI – 24 Months Zero Cost EMI – ₹8,292 Interest-free
Scholarship – Include the Sports Scholarship (CHAMPS), Defense Scholarship, Divyaang Scholarship, Merit-based Scholarship, and scholarships provided via ISAT, our flagship scholarship test, among many others |
| NMIMS CDOE | EMI – Finance Options Available with No Cost Emi
Scholarship – The University offers special incentives to our armed forces, Defence Personnel and their immediate family with a 20% Defence Scholarship on the programme fee. |
| Manipal Online | EMI – Hassle-free learning with no-cost EMIs, low interest rates, and flexible part-payment options
Scholarship – Exclusive scholarships of up to 20% for various categories. |
Reasons to choose an online MBA
An Online MBA is an option for students and working professionals who want to improve their management skills without leaving their jobs. Here are some of the main reasons why many people choose an online MBA these days.
Cheaper Than a Regular MBA: One advantage of an online MBA is that it does not cost as much money. Regular MBA programmes in India usually cost between ₹5 lakh and ₹20 lakh. Online MBA programmes are often available for 1-4 lakhs.
Flexible for Working Professionals: Online MBA programmes let you study at any time and from any place. This flexibility really helps working professionals balance jobs, studies and personal life without having to go to a classroom every day.
Many Specialisations to Choose From: Similar to regular MBAs, online MBA courses are offered in a wide range of specialisations, including:
- Marketing Management
- Finance Management
- Human Resource Management
- Operations Management
- International Business
- Information Technology
You can choose an Online MBA specialisation that matches what they want to do in their career and this is a great thing about Online MBA programmes.
Helps with Career Advancement: An MBA degree serves as a ladder to leadership roles. Many people advance their careers with an MBA.
Great for Entrepreneurs: An Online MBA is helpful for people who want to start or grow their business. You learn skills such as finance, marketing, and strategic planning. These skills help you run a business.
Conclusion
Students and working professionals in India can now easily pursue an Online MBA for less than 1 Lakh rupees. These online MBA programmes are ideal for people who want to enhance their qualifications and career opportunities and gain knowledge in management skills without spending a large sum on a regular MBA course. These online MBA courses provide students with additional benefits such as EMI options, scholarships, online learning platforms, and job opportunities, which allow students to have good educational experiences without compromising their financial conditions. Selecting the right university makes an Online MBA a great choice for career progress and achievements.
FAQs
Are the online MBA courses in India recognised?
Yes, the courses are recognised by the University Grants Commission (UGC) and accredited by the National Assessment and Accreditation Council (NAAC). Universities like Bharathidasan University and DUSOL offer courses that are recognised globally.
Can I complete the online MBA course while working full-time?
Yes, you can. The online MBA courses are flexible enough to accommodate your full-time job as well. The courses are conducted on weekends, and the examinations are also scheduled on weekends.
What specialisations are offered in the affordable online MBA courses?
The affordable online MBA courses offer specialisations like Marketing, Finance, Human Resource Management (HRM), Operations, Supply Chain Management, and Digital Marketing.
The specialisations may vary from university to university, and the courses are aligned with the requirements of the various industries.
How do I pay for the online MBA program?
Universities generally offer flexible payment options, allowing students to pay per semester or per year.
Many universities, including Andhra University, Uttaranchal university even offer an Equated Monthly Installment scheme.
