After a long day at work, who doesn’t want to binge Netflix at night and relax on the couch. And if you are planning to do an MBA, would you expect to do the same? Online MBA has made this scenario a reality for all the aspiring candidate. You can watch lectures in your PJs, pause the class for a tea and still climb to the managerial position. In fact, all this won’t weigh heavy on your pocket. There are many budget-friendly online MBA programmes available. These programmes would cost just a fraction of what traditional MBAs cost, yet deliver quality education.

online MBASo yes, affordable are real. If you are looking for one of them, in this blog we have explored best options and tips to help you choose.

First, let’s see what makes an online MBA truly affordable.

How is an Online MBA Affordable?

When we talk about affordable education, the first to blame is the fees for the course. But there are many other things which adds up to the cost. Here’s what matters:

Fee structure: Watch the hidden charges for the course as some institutions mention quarterly, some yearly and a few quote full course fee.
Ranking and accreditation: In online education, it’s about value not just cost. So, higher the institutional ranking, the higher might be it’s fee.
Support services: check for placement assistance, e-library, live sessions and other such support services offered to students.
Travel and relocation: In an online MBA, you don’t have to travel daily or relocate to a different location of the university. This cuts the cost of doing an MBA.
Specialisations offered: More choices for electives and minors, the better will be the ROI of your programme.

Top 10 Affordable Online MBA Colleges in India

Here are some of the online MBA programmes that won’t break your bank:

IGNOU

online MBA college in IndiaThe most budget-friendly and credible , is undoubtedly IGNOU. The institute is accredited by UGC-DEB, AICTE and other statutory bodies. Not only does it offers an affordable online MBA, but, flexible learning, a recognised degree, quality academics and diverse specialisations.

Fee: INR 62,000 (total fee)

Specialisations Offered: Operations management, human resource management, financial management, agribusiness management, construction management, healthcare and hospital management, logistics and supply chain and marketing management

DU SOL

Delhi University comes next in terms of an affordable online MBA programme in India. DU’s Department of Distance and Continuing Education offers various courses across different disciplines. The online MBA programme by DU SOL is a two-year PG course aligned with the latest business requirements. However, DU SOL does not offer specialisations in the MBA course.

Fee: INR 52,570 (full course)

Jamia Milia Islamia

Jamia has a legacy of providing world-class higher education in dual-mode. The open learning system of the university facilitates students with printed learning material, personalised counselling sessions and contact programmes. In this programme, you get the choice of three in-demand specialisations.

Fee: INR 50,000 (full course)

Specialisations Offered: Financial management, marketing management, and human resource management.

Andhra University

Andhra University has a global reputation for academic excellence in both regular and distance education modes. The university’s Centre for Distance and Online Education provides you self-study material, a community radio station and other such facilities. The curriculum focuses on developing an entrepreneurial mindset.

Fee: INR 62,200 (full course)

Specialisations Offered: Human resource management, marketing, and finance.

Bharathidasan University

If you want a fine balance of affordability and flexibility, Bharathidasan University is an ideal option. Bharathidasan is a state-run university, which is recognised by UGC-DEB, AICTE and has NAAC A+ accreditation. The Centre offers 12 UG, 21 PG, 6 diploma and 7 professional programmes. So, you get the right mix of good learning environment and affordability at one place.

Fee: INR 91,000

Other Budget-Friendly Universities Offering Online MBA

Above, we discussed about the affordable universities for online MBA with fee under 1 lakh, however, if your budget is slightly above that, you get more options. Here are some other affordable online MBA options:

Institution Name	Fee
Jain University Online	INR 1,96,000 (full course)
Uttaranchal University Online	INR 1,40,000 (full course)
Dr. D.Y. Vidyapeeth Online	INR 1,92,400 (full course)

Summarising

As you can see, there are many credible, affordable online MBA programmes in India. Whether your budget is below 1 lakh or below 3 lakh, you have got many options. Just remember, the university should have UGC-DEB accreditation, the curriculum should be industry-aligned, and it should provide student support facilities. However, it is not always the price tag, if the course has a good return on investment, it is considered affordable in terms of the returns. If you are disciplined and goal-oriented, an affordable online MBA can be a smart choice.

Are There Affordable or Budget-Friendly Online MBA Programmes Available?

Budget-Friendly Online MBA Programmes Available?