Affordable Online MBA Programs That Deliver High ROI

Investing in an MBA is a crucial decision that can transform your career and future income. However, with so many options available, choosing a program that offers an excellent return on investment (ROI) is essential. There are many affordable and high-quality options to study an online MBA without geographical barriers. This adaptation has allowed management aspirants to take up MBA programs at cheaper prices. Listed are some cost-effective online MBA options offered by business schools and universities in India and abroad. The selected programs share a common trait: they offer excellent value for money.

Indian Universities/Institutes

Indira Gandhi National Open University (IGNOU)

Tuition Fee: Rs. 62,000 (Rs. 15,500 per semester)

Eligibility Criteria: Bachelor's degree with a minimum 3 years duration with at least 50% marks (45% in the case of reserved category candidates).

Description: IGNOU is one of India's most reputable and established universities offering online degrees. It's a great option for a recognised and affordable online MBA. The program is designed for working professionals and includes a robust curriculum covering key business areas, enabling students to advance their careers. The online MBA offered by IGNOU includes 28 courses with a total credit weightage of 116. Students must select seven courses in each semester.

Specialisations Offered: Human Resource Management, Financial Management, Operations Management, Marketing Management, and Services Management.

Dr. D.Y. Patil Vidyapeeth 

Tuition Fee: Rs. 75,000

Eligibility Criteria: A Bachelor's degree from a recognized university in any discipline. Minimum 50% aggregate marks or 45% in case of candidates belonging to reserved categories

Description: The online MBA program at D.Y. Patil Vidyapeeth is UGC-approved and is designed for working professionals. The curriculum aims to meet the needs of a global business environment by providing the necessary skills. The program offers insights, practices, and industry trends in over 15 specializations, making it a flexible option for individuals seeking to balance work and personal commitments.

Specialisations Offered: Finance, Sales & Marketing, Human Resource Management, International Business, Hospitality Management, Hospital and Health Care Management, Sports Management, Retail Management, Rural and Agri-Business, Event Management, Logistics and Supply Chain Management, Digital Marketing, Data Science & Business Analytics, Entrepreneurship Management.

Uttaranchal University

Tuition Fee: Rs. 80,000

Eligibility Criteria: Bachelor’s degree of minimum three years duration with minimum 50% marks for the General and 45% marks in case of Reserved Category in the qualifying examination.

Description: Uttaranchal University is a private university located in Dehradun, Uttarakhand. It offers a UGC-approved online MBA program. The program is divided into four semesters, and each semester is of 20 credits. The university also offers placement assistance to students.

Specialisations Offered: Marketing Management, Financial Management, HR Management, Business Analytics, Information Technology, Digital Marketing, and International Business.

Jain University Online

Tuition Fee:Rs. 85,000

Eligibility Criteria: Bachelor's degree of a minimum duration of three years in any stream from a UGC recognized University, with a minimum aggregate of 50% or equivalent. A relaxation of 5% shall be given to SC/ST candidates. Candidates in the final semester of the Bachelor Program are also eligible to apply.

Description: Jain University is a private university offering online MBA programs with various specialisations.

Specialisations Offered: HR Management, Finance, Marketing, General Management, Systems & Operations Management, HR Management & Finance, IT  Management, Retail Banking Operations, Entrepreneurship & Leadership, Project Management, Healthcare Management, Logistics & Supply Chain Management, International Finance, Marketing & Human Resource Management, & Business Intelligence & Analytics.

Bharathidasan University - Center for Distance Education

Tuition Fee:Rs. 91,000

Eligibility Criteria: Bachelor's or an equivalent degree, including B.E./B.Tech. with a minimum of 50% marks in Part III. Candidates in the final year of the Bachelor Program are also eligible to apply.

Description: Online MBA Degree from Bharathidasan University helps students learn important management skills needed for any business area. This program boosts your knowledge and improves your entrepreneurial, managerial, and leadership abilities through continuous learning.

Specialisations Offered: Marketing, Finance, Human Resource, Systems, Operations.

Explore these online degree programmes–

Study Abroad

You can also consider taking an online MBA from international universities/institutes that offer global recognition.

University of the People (USA)

• Tuition Fee: Pay as You Go ($400 per course assessment)
• Eligibility Criteria:  18 years or older and able to study in English. A bachelor's degree from a U.S.-accredited institution or equivalent from an accredited international institution and a letter of recommendation.
• Description: This tuition-free MBA program focuses on providing accessible education to students globally. It combines theoretical knowledge with practical skills to prepare students for leadership roles.
• Specialisations Offered: Finance, Marketing, Strategy, Entrepreneurship, Accounting

University of Illinois - Gies College of Business (USA)

• Tuition Fee: Rs. 21,00,000 ($24,984)
• Eligibility Criteria: Bachelor’s Degree with a 3.0 GPA on a 4.0 scale (or equivalent)*/Minimum of 3 years full-time, rich work experience
• Description: The iMBA program offers a comprehensive business education focusing on leadership and strategic thinking. It includes live global classrooms and real-world business challenges.
• Core Specialisations: Strategic Leadership and Management, Managerial Economics and Business Analysis, Value Chain Management, Financial Management.

Edinburgh Business School, Heriot-Watt University (UK)

• Tuition Fee: Rs. 11,88,634/with scholarship - Rs. 8,07,661 (£11,232/with scholarship - £7,632
• Eligibility Criteria: First or second class honours degree or equivalent professional qualification from a recognised university/institute, work experience, English proficiency (If English is not the applicant’s first language, a minimum of IELTS 6.5 or equivalent with score 6.0 or above)
• Description: This highly flexible program can be tailored to fit individual career goals. It is internationally recognised and combines theoretical learning with practical applications.
• Specialisations Offered: Marketing, Finance, Human Resource Management, Strategic Planning, Project Management.

University of London (UK)

• Tuition Fee: Rs. 13,04,429 (£12,327)
• Eligibility Criteria: A second-class honours bachelor's degree or equivalent from an acceptable institution AND three years’ work experience in a managerial role (within the past five years).
• Description: The Global MBA from the University of London offers a broad understanding of business principles and practices. It is designed for professionals seeking to enhance their leadership and managerial skills.
• Specialisations Offered: Accountancy, Entrepreneurship and Innovation, Finance, Law, Leadership.

Conclusion

Investing in an online MBA is a wise decision that can significantly boost your career and future income. There are many affordable and high-quality online MBA programs available from reputable universities in India and abroad. These programs offer excellent value for money, flexible learning options, and specializations to suit various career goals. Whether you are a working professional looking to advance your career or seeking to develop new skills, these programs provide a great return on investment.