Which is the best and cheapest distance MBA?
Let’s face it, “best” and “cheapest” are obviously strange bedfellows. That said, the demand for distance MBAs among busy working professionals and fresh graduates continues to skyrocket. Distance MBAs have become popular over the years due to affordability and the flexibility they offer to the learning process. In my view, the institutions below offer the best and cheapest distance MBAs.
1. Vinayaka Mission University / Vinayaka Mission’s Research Foundation (VMRF)
Founded in 1981, it is one of the remaining legacies of the philanthropist Dr. A. Shanmugasundaram. The institution’s distance MBA program dates back to 2005 with the establishment of the Directorate of Distance Education  and is approved by Jt. Committee UGC/AICTE/DEC. The cost of an MBA from VMRF typically starts at INR 9,000.
2. Devi Ahilya Vishwavidyalaya (DAVV)
Formerly The University of Indore, DAVV was established in 1964 and is an ideal institution to pursue a distance MBA for the budget-conscious. In order to gain admission, you must have an average of 45% in your undergraduate results. Learners can undertake MBAs in Finance, Marketing, HR, etc at a cost of Rs. 9,500.
3. The Mahatma Gandhi Antarrashtriya Hindi Vishwavidyalaya (MGAHV)
MGAHV is a government university located in the Maharashtra state of India. The institution was established in 1997 with the objective of developing Hindi literature and Education. Their MBA program is ideal for the underprivileged in society. This explains the minimum requirement of 50% in any undergraduate study. The annual fee requirement is Rs. 15,000
4. Yashwantrao Chavan Maharashtra Open University (YCMOU)
YCMOU was established in 1999 as a tribute to late Maharashtra’s Yashwantrao Balwantrao Chava. It is one of the 5, UGC approved, Open universities in the country. You require an average of 45% in your undergraduate studies to be eligible for admission. YCMOU offers the flexibility of distance learning at a relatively affordable annual cost of Rs. 17,500.
5. Andhra University
It is arguably one of the oldest universities in India established in 1926, by Sir C.R. Reddy. Andhra is a prestigious university accredited by NAAC. Distance Education at the university goes back to 1972 when The School of Distance Education was established. At an annual fee of Rs. 30,000, you can pursue various MBA programs at this institution.
There you have it. If you are having a hard time finding a balance between cheap and quality, consider these 5 Institutions that offer the best and cheapest MBAs. Beyond cost considerations, remember that the choice of MBA has to also consider your interest and career plans. There are many institutions available to meet your specific needs as shown above.