1. Faculty of Management Studies (FMS), University of Delhi

Tuition: Approximately ₹200,000 total for 2 years (approximately ₹10,000/annual tuition)

Average Placement: ₹20–34 LPA; ROI is exceptionally high.

Why Choose: One of the highest ROI programs in India, with top-tier recruiters like McKinsey, Goldman Sachs, EY, and more.

2. DFS and DSE, University of Delhi

Department of Financial Studies (DFS):

Fee: ₹26,000 (total)

Average Placement: ₹9.2 LPA

Delhi School of Economics (DSE):

Fee: ₹36,000 (total)

Average Placement: ₹13-14 LPA

3. SIMSREE, Mumbai (Sydenham Institute)

Fee: ₹1.36 lakh (total)

Average Placement: ₹10.92 LPA

Why it stands out: Excellent value for money thanks to its moderate fee and strong placement performance.

4. TISS, Mumbai (HRM)

Fees: ₹1–238 lakhs (includes accommodation)

Average Placement: ₹20–25 LPA

Pros: Prestigious institute with elite recruiters in HR and management positions

5. PUMBA, University of Pune

Fees: ₹66,000–13 lakhs, depending on the category

Average Placement: ₹7–11 LPA

A recognized name among affordable state-run MBA programs in Maharashtra

6. IISWBM, Kolkata

Fees: ₹460–760,000 (slightly higher, but still reasonable)

Average Placement: ₹9 LPA; Maximum: ₹18 LPA

7. NIT Trichy (NIT Tiruchirappalli)

Fees: ₹1.4 lakh total

Average Placement: ₹8.7 LPA; Maximum: ₹52.89 LPA

8. IBS Hyderabad

Accredited by the AACSB, offers high-quality education

Placements: Strong network of recruiters, including Deloitte, EY, TCS

Fee Information: Not specified in sources, but generally in the mid-range