Top 11 Affordable MBA Colleges in Kolkata

Category : Education | Sub Category : Management Posted on 2025-07-24 06:10:38

Top MBA Colleges in Kolkata

1. Indian Institute of Social Welfare & Business Management (IISWBM)

First B‑school in India, established in 1953

Fees: ₹4‑8 lakh per year
Placements: Average ₹5 lakh; top recruiters include ICICI, Yes Bank, Deloitte

2. JIS College of Engineering (MBA)

Autonomous institute offering MBA in Finance, Marketing, HR, Systems (₹4.98 lakh total)

Placements: Median ₹5.7 LPA; top recruiters include Cognizant, TCS, Infosys, Deloitte
Entrance: MAT / WBJEMAT with 45% eligibility

3. JIS University (MBA)

Private multi‑disciplinary university with established management faculty

Fees: ₹2.82 lakh total (~₹1.41 lakh/year)
Placements: Up to ₹35 LPA; average ₹5.5 LPA; ~92% placement rate

4. St. Xavier’s Business School (SXBS)

Accepts CAT/MAT/XAT, fees around ₹5‑9 lakh

Placements: Average ₹7‑8 LPA; peak ₹12 LPA

5. International Management Institute (IMI Kolkata)

Inaugurated 2011; NBA‑accredited PGDM equivalent to MBA

Fees: Approx ₹10 lakh
Placements: Near‑100% campus placement

6. Praxis Business School

Fees: ~₹8.9‑9.5 lakh
Placements: Average ₹9‑9.1 LPA; highest ~₹17.6 LPA

7. International School of Business & Media (ISB&M)

Fees: ~₹10‑10.8 lakh
Placements: Average ~₹10.8 LPA; top ₹17.2 LPA

8. Swami Vivekananda Institute of Management & Computer Science (SVIMCS)

1st-year fees: ₹2.7 lakh (~₹4.5 lakh total)
Placements: Average ₹4.5‑12 LPA

9. Adamas University

Fees: ~₹1.75 lakh/year
Placements: Average ₹4.5 LPA; highest ₹45 LPA

10. University of Engineering & Management (UEM Kolkata)

Fees: ₹2.3 lakh/year
Placements: Average ₹12.56 LPA; highest ₹24 LPA

ROI & Affordability Analysis

Institute	Total Fee (₹ lakh)	Avg. Placement (₹ LPA)	ROI (Salary/Cost)
JIS University	2.82	5.5	~1.95
JISCE	4.98	5.7	~1.15
IISWBM	~8.0	5.0	~0.63
Adamas Univ.	3.5	4.5	~1.29
SVIMCS	4.5	6.0 (upper band)	~1.33
Praxis	9.5	9.0	~0.95

Exceptional value: JIS University’s MBA offers the most compelling ROI among private options.
Strong contender: JISCE (MBA) guarantees solid returns and specializations.
Mid-range pick: IISWBM, with historic legacy and stable placements, remains attractive.
High-potential option: Praxis Business School may justify higher fees for top-tier placements.

Admission Criteria & Entrance Exams

CAT, XAT, CMAT, MAT, WBJEMAT, and college‑level exams are typically accepted.

Cut‑offs: For mid‑tier affordable colleges, percentile range hovers between 60–80 depending on the exam.
Incremental advantage: Management quotas and direct admissions are sometimes possible, especially at institutes like JIS University and JISCE, making them financially accessible.

Why These Colleges Shine

Affordability: Fees in the ₹2.5–6 lakh bracket with high placement outcomes speak volumes about value-for-money.
Diverse Specializations: From Finance & Marketing to Business Analytics, Media and Supply Chain—especially at JIS University which offers dual specialization options.
Robust Placement Ecosystem: JISU reports a ~92% placement rate and an impressive peak package of ₹35 LPA.
Accreditations: Most institutions are AICTE-approved, with NBA/UGC recognitions at IMI, JISCE, JISU, and others.
Geographic Advantage: Kolkata offers cost-effective living, rich cultural experiences, and vibrant industry presence—excellent for MBA students.

Strategic Tips for Students

Target ₹5 lakh total fee band: JIS University (₹2.8 L), JISCE (₹4.98 L), Adamas University (₹3.5 L), UEM (₹4.6 L).
Entrance preparation: Focus on CAT/MAT/XAT; consider MAT/WBJEMAT for JISCE direct entries.
Weightage on placements: Prioritize colleges with robust placement support and internship tie‑ups.
Use ROI as a guide: Measure average package vs. fee; a ≥1.2 ratio is a healthy threshold.

The JIS Edge

Although our ranking focuses on affordability, a quick glance at JIS University and JIS College of Engineering:

JIS University:

Offers dual-specialization MBA across high-impact domains
Total fees ₹2.82 lakh; stellar placement stats with peak package ₹35 LPA and 92% placement rate.
Ranked among top private B‑schools in Eastern India.

JIS College of Engineering (JISCE):

Sector-specific MBA with strong median placement (~₹5.7 LPA).
Full-time program, AICTE-approved, with accessible eligibility criteria.

Final Takeaway

Best Budget MBA in Kolkata: JIS University—blends affordability, specialization variety, and high placements.
Holistic mid-budget pick: JISCE—stable returns in finance, HR, marketing, systems.
Balanced traditional option: IISWBM—heritage legacy, solid industry ties.
Premium ROI leap: Praxis and ISB&M—great placements if you're ready to invest ~₹9–11 L.