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Mumbai, the financial and business capital of India, is likewise among the top MBA destinations in the country. Indeed, Mumbai is one of India's leading MBA objective. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is likewise a center of education in management, technology and partnered areas. Expert of Business Administration or MBA is one of the most famous post-graduate projects in Mumbai. The two-year program is a gateway to a plethora of open positions in the corporate world.
In view of reputed rankings, among top 10 MBA colleges in Mumbai some of them are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. On the off chance that we extend this rundown, SJMSOM-IIT Mumbai, Welingkar Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are additionally profoundly positioned MBA colleges in Mumbai. Every one of these management institutes make Mumbai a favored MBA objective. A MBA proficient should have qualities like excellent communication, administration, critical thinking, management, research-oriented, insightful reasoning, eye for detail, objective oriented and ability to work under, areas of strength for pressure abilities, and so on.
Admission Process of Top MBA Colleges in Mumbai
Like the other MBA colleges similar to other MBA Colleges in India, MBA colleges in Mumbai are also able to use the admissions process that is both online and offline. The timeframe for the admission procedure usually includes filling out of the application form, appearing for the entrance exam or selection process, getting seats and taking the admissions to the desired college. Here are some important points to remember about the admissions process for the top MBA colleges in Mumbai. Mumbai are:
- The application forms are usually available online. Students need to fill them in online. In certain colleges, application forms could be made available offline to applicants to fill in and submit. Find the specific college's website for specifics.
- Candidates must appear for ATMA, CAT, MAT Exams such as XAT, MAH-CET, or any other institute-level entrance exam to be admitted into the majority of colleges. Some colleges are based on the merit. Candidates are required to visit the official site for more about the admissions process.
- Additionally the colleges in Mumbai are required to conduct groups of Discussions or Group Exercises Writing Ability Tests, as well as Personal Interviews. Candidates must go through every step of the selection procedure.
- Candidates who are selected will then go for counselling . Depending on their final results they can be admitted to the colleges they want and MBA Programs.
- Additionally, applicants must be in good standing at the end of both their class 10 and 12 with a passing grade across all subjects by an approved board of education.
- Candidates must have graduated from a recognized institution with at least 50-55 percent. There may be a relaxation of 3 -5 percentage for economically backwards students as well as gender-based, SC, ST, PwD relaxations as well.
Top MBA Colleges in Mumbai Highlights
Check out the highlights of top MBA colleges in Mumbai in the table given below:
| Particulars | Details |
|---|---|
| Total Number of Colleges | 228 (Approximately) |
| Types of Colleges | Public, Private, and Government |
| Colleges Approved by | AICTE (All India Institute of Technical Education)NAAC (National Assessment and Accreditation Council)UGC (University Grants Commission) |
| Admissions Through | Mostly Entrance Exam Based |
| Entrance Exam Accepted | ATMAMAH CETMATCATXAT and others. |
| Popular Specialization Offered | Finance, IT and Systems, Human Resources, Sales and Marketing, Supply Chain Management, International Business, Operations, Entrepreneurship, Business Analytics, Healthcare and Hospital. |
| Fee Range | Rs. 1 Lac - Rs. 25+ Lacs (Approximately) |
| Hostel Facility | Available (not at all colleges) |
MBA Colleges in Mumbai Highlights
| Parameters | Particulars/Statistics |
|---|---|
| Number of MBA Colleges in Mumbai | 180 Colleges |
| Fees | Annual fee: More than Rs. 5 lakh- 48% Rs. 3-5 lakh- 24% Rs. 2-3 lakh- 11% Rs. 1-2 lakh- 11% Less than Rs. 1 lakh- 6% |
| Top Specialisations | Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital |
| Admission Process | CAT, MAT, XAT, CMAT, ATMA, MAH CET and more. |
| Number of IITs | One |
Top 10 MBA Colleges in Mumbai-Fee
Candidates looking forward to join the top colleges in Mumbai may checkout the fees for the colleges:
| Name of the Colleges | Fees (Approx.) |
|---|---|
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM Fee | INR 20,80,000 |
| SPJIMR Mumbai: SP Jain Institute of Management and Research Fee | INR 17,50,000 |
| NITIE Mumbai: National Institute of Industrial Engineering Fee | INR 12,58,000 |
| IIT BOMBAY: Shailesh J Mehta School of Management Mumbai Fee | INR 8,30,000 |
| JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies Fee | INR 6,00,000 |
| K J Somaiya Institute of Management, Mumbai Fee | INR 16,29,280 |
| SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education Fee | INR 1,34,000 |
| MET Mumbai Fee | INR 8,10,000 |
| SIES College of Management Studies, Navi Mumbai Fee | INR 9,00,000 |
| IES Management College And Research Centre, Mumbai Fee | INR 8,00,000 |
List of Top Private MBA Colleges in Mumbai
| Private Colleges | Course Fee (in Rs) |
|---|---|
| Private Colleges | Course Fee (in Rs) |
| Dr DY Patil University's School of Management (DYPUSM), Navi Mumbai | 8.4 L |
| Kohinoor Business School (KBS), Mumbai | 5.5 L |
| Sir M. Visvesvaraya Institute of Management Studies and Research (SVIMS), Mumbai | 4.6 L |
| ASM's Institute of Management & Computer Studies (IMCOST), Thane | 2.31 L - 6.5 L |
| GNVS Institute of Management (GNVSIOM), Mumbai | 3.5 L |
List of Top Public MBA Colleges in Mumbai
| Public Colleges | Course Fee (in Rs) |
|---|---|
| Tata Institute of Social Sciences (TISS), Mumbai | 40.6 K - 1.05 L |
| Bombay Stock Exchange (BSE) Institute, Mumbai | 5.6 L - 30.76 L |
| Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | 8.32 L |
| National Institute of Industrial Engineering (NITIE), Mumbai | 6.63 L - 14.63 L |
| Sasmira's Institute of Management Studies and Research | 3.8 L |
Top MBA colleges in Mumbai accept score obtained by students in numerous national or state-level examinations including CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, and so on.
ROI of Top MBA Colleges in Mumbai
Return on Investment of top B Schools in Mumbai is determined by dividing the return or advantage by the expense of investment as fees. All in all, ROI alludes to what placement an up-and-comer gets versus what they paid for the college. Candidates can check the rundown of MBA colleges in Mumbai and their course expense and average salary.
| College Name | Course Fee in Rs | Average salary (in Rs LPA) |
|---|---|---|
| TISS, Mumbai | 30.33 LPA | 20.06 LPA |
| NMIMS, Mumbai | 30.37 LPA | 17.97 |
| SJMSOM, IIT Bombay, Mumbai | 32.4 LPA | 20.8 |
| SIMSR Mumbai | 28.5 LPA | 13.25 |
| SIMSREE, Mumbai | 17 LPA | 10.97 |
Top MBA Colleges in Mumbai- Based on Course Fee
Candidates interested in taking admissions to MBA colleges, may check out the fees based on course:
Top Government MBA Colleges in Mumbai with Course Fee
Check out the top government MBA colleges in Mumbai along with their respective fee structure.
| College Name | Fee Structure |
|---|---|
| Indian Institute of Technology (IIT), Bombay Fee | Rs. 2 Lakhs |
| National Institute of Industrial Engineering (NITIE), Mumbai Fee | Rs. 6.63 lakhs- 14.63 Lakhs |
| Tata Institute of Social Sciences (TISS), Mumbai Fee | Rs. 40.6k - 1.05 Lakhs |
| Bombay Stock Exchange (BSE) Institute, Mumbai Fee | Rs. 5.6 Lakhs-30.76 Lakhs |
| Sasmira's Institute of Management Studies and Research Fee | Rs. 3.8 lakhs |
| Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai Fee | Rs. 8.32 Lakhs |
Top Private MBA Colleges in Mumbai with Course Fee
Here is the list of top private MBA colleges in Mumbai with their annual course fee.
College Name | Fee Structure |
|---|---|
| Jamnalal Bajaj Institute of Management Studies Fee | Rs. 3.01 Lakhs per annum |
| S.P. Jain Institute of Management and Research Fee | Rs. 16.9 Lakhs per annum |
| K J Somaiya Institute of Management Fee | Rs. 82,700 per annum |
| Sydenham Institute of Management Studies Fee | Rs. 51,000 per annum |
| SIES College of Management Studies Fee | Rs. 2.6 Lakhs per annum |
| Universal Business School Fee | Rs. 11 Lakhs per annum |
| D.Y. Patil University School of Management Fee | Rs. 4.2 Lakhs per annum |
| MET Mumbai Fee | Rs. 2.8 Lakhs to 10 Lakhs per annum |
| Durgadevi Saraf Institute of Management Studies Fee | Rs. 4.2 Lakhs per annum |
| Athena School of Management Fee | Rs. 6.75 Lakhs to 16 Lakhs per annum |
MBA in Marketing Management Colleges in Mumbai
| Name of the College | NIRF 2020 Ranking | Careers360 Rating | Entrance Test | Fees |
|---|---|---|---|---|
| KJ Somaiya Institute of Management | 56 | 51 | CAT, CMAT, XAT,GMATand MAH MCA CET | Rs. 2.47 - 14.93 lakhs |
| Prin LN Welingkar Institute of Management Development and Research | 68 | 54 | CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET | Rs. 1.60 lakhs |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education | -- | AAA | CAT, CMAT and MAH MBA CET | -- |
| IES Management College and Research Centre | - | AA+ | MAH MBA CET, CAT and GMAT | Rs. 1.38 lakhs |
| MET Institute of Management | -- | -- | GMAT and MAH MBA CET | -- |
MBA in Human Resource Management Colleges in Mumbai
| Name of the College | NIRF 2020 Ranking | Careers360 Rating | Entrance Test | Fees |
|---|---|---|---|---|
| Narsee Monjee Institute of Management Studies | 24 | 33 | NMAT, GRE and GMAT | Rs. 18.50 lakhs |
| KJ Somaiya Institute of Management | 56 | 51 | CAT, CMAT, XAT, GMAT and MAH MBA CET | Rs. 2.47 - 14.93 lakhs |
| Prin LN Welingkar Institute of Management Development and Research | 68 | 54 | CAT, XAT, CMAT and GMAT, MAT, AT MA, MAH MBA CET | Rs. 1.60 lakhs |
| St Francis Institute of Management and Research | -- | AA | CAT, XAT, GMAT, MAT CMAT and MAH MBA CET | -- |
| Jankidevi Bajaj Institute of Management Studies | -- | -- | CAT, CMAT and MAH MBA CET | -- |
MBA in Financial Management Colleges in Mumbai
| Name of the College | NIRF 2020 Ranking | Careers360 Rating | Entrance Test | Fees |
|---|---|---|---|---|
| KJ Somaiya Institute of Management | 56 | 51 | CAT, CMAT, XAT, GMAT and MAH MCA CET | Rs. 2.47 - 14.93 lakhs |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education | - | AAA | CAT, CMAT and MAH MBA CET | - |
| Sinhgad Institute of Business Management | - | - | MAH MBA CET | - |
MBA in Operations Management Colleges in Mumbai
| Name of the College | NIRF 2020 Ranking | Careers360 Rating | Entrance Test | Fees |
|---|---|---|---|---|
| KJ Somaiya Institute of Management | 56 | 51 | CAT, CMAT, XAT, GMAT and MAH MBA CET | -- |
| IES Management College and Research Centre | -- | AAA | CAT, GMAT and MAH MBA CET | -- |
| School of Management, Dr DY Patil University | -- | -- | No Entrance Test | Rs. 8.40 lakhs |
| NMIMS School of Business Management | -- | -- | NMAT | -- |
MBA in Information Technology Colleges in Mumbai
| Name of the College | NIRF 2020 Ranking | Careers360 Rating | Entrance Test | Fees |
|---|---|---|---|---|
| Prin LN Welingkar Institute of Management Development and Research | 68 | 54 | CAT, XAT, MAT, ATMA, MAH MBA CET, CMAT and GMAT | Rs. 1.60 lakhs |
| Jamnalal Bajaj Institute of Management Studies | -- | 34 | MAH MBA CET | Rs. 1.53 lakhs |
| Thakur Institute of Management Studies and Research | -- | AA | CMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CET | Rs. 1.89 lakhs |
Top MBA Colleges in Mumbai: Cutoff
Here is the list of top MBA Colleges in Mumbai and their cutoffs:
Name of the College | Cutoff |
|---|---|
| Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | 90 (CAT) |
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | 209 (NMAT) |
| S.P. Jain Institute of Management and Research | 92 (CAT) |
| NITIE Mumbai: National Institute of Industrial Engineering | 90 (CAT) |
| K J Somaiya Institute of Management | 86 (CAT) |
| SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 144 (MAH-CET) |
| Principal L N Welingkar Institute of Management Development and Research | 80 (CAT) |
Top MBA Colleges in Mumbai: Placements
Here are some of the top MBA colleges in Mumbai and their average salary in placements:
Name of the College | Average Salary in Placement (Rs. in Lakhs Per Annum) |
|---|---|
| Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | INR 20.8 LPA |
| NITIE Mumbai: National Institute of Industrial Engineering | INR 19.77 LPA |
| JBIMS - Jamnalal Bajaj Institute of Management Studies | INR 18.13 LPA |
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | INR 17.79 LPA |
| Principal L N Welingkar Institute of Management Development and Research | INR 15 LPA |
| K J Somaiya Institute of Management | INR 9.44 LPA |
Top MBA Colleges in Mumbai: Entrance Exams
Many admission exams are held on a national, state, and institute or university level throughout India. Aspirants are admitted depending on the results obtained in these entrance tests. Here are some of the admission examinations approved by several Mumbai colleges:
- CAT
- CMAT
- XAT
- MAT
- GMAT
- TS-ICET
- ATMA
- MAH CET
- PGCET
- NMAT by GMAC
- SNAP
- KMAT
- IBSAT
People Also Ask -
1. What is the fee of MBA in Mumbai?
MBA college in Mumbai | Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs) |
|---|---|
| IIT Bombay | Rs. 10.08 |
| NITIE Mumbai | Rs. 12.58 |
| JBIMS Mumbai | Rs. 6.00 |
| K J Somaiya Institute of Management, Mumbai | Rs. 18.79 |
2. Which is the cheapest college for MBA?
Answer. Cheapest colleges to study MBA course in India - Placement
Name of the college | Average/Median Salary (in Rs.) |
|---|---|
| Delhi School of Economics, DU | - |
| Tata Institute of Social Sciences (TISS), Mumbai | Rs. 4.80 lakhs |
| Pune University Department of Management Sciences (PUMBA) | - |
| FMS BHU | Rs. 7.20 lakhs |
3. What is fees for MBA in Maharashtra?
Answer. Fee Structure of Best MBA Colleges in Maharashtra
Name of the College | Detailed Fee Structure | MBA Fees |
|---|---|---|
| S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai) | Click Here | Rs 8.00 lakhs - Rs 17.50 lakhs |
| Symbiosis Institute of Business Management Fees | Click Here | Rs 14.40 lakhs - Rs 25.40 lakhs |
4. Is Mumbai good place for MBA?
Answer. Mumbai, the financial and business capital of India, is also among the top MBA destinations in the country. Indeed, Mumbai is one of India's leading MBA destination. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is also a hub of education in management, technology and allied sectors.
Frequently Asked Questions
Q1. Which are some of the gig profiles that the candidates are hired for?
Ans. When the candidate gets completed with the course, they apply for the gig job of their interest and they are hired for the gig job. Some of the gig profiles are recorded below :
- Relationship Manager
- Business Executive
- Business Analyst
- Region Sales Manager
- Marketing Executive
- Human Resource Manager and numerous other work profiles.
Q2. What is the duration of a course in MBA?
Ans. MBA is a 02-year postgraduate certificate in the field of the board and business administration which covers different regions which contain business, finance, the executives, marketing, development, and numerous other interesting subjects.
Q3. Which are the various specializations in the field of MBA?
Ans. After the candidate chooses to pursue a MBA, they should make a choice about the specialization that they wish to pursue a career in. They need to settle on the area of specialization.
Some of the specializations are given below :
- MBA in Marketing
- MBA in Finance
- MBA in General Management
- MBA in International Management
- MBA in Human Resource Management
- MBA in Operations Management
- MBA in Rural Management
- MBA in Logistics Management
- MBA in Information Technology
- MBA in Business Management are some of the specializations in the field.
Q4. Which are the entrance assessments that the candidate should appear for?
Ans. It relies upon the college where they need to direct the entrance assessment or not.
Some of the entrance assessments are :
Q5. What is the qualification rules for chasing after a course in MBA?
Ans. The qualification rules for the wannabes to aspire the course is a four year college education with a base total of half stamps or equivalent from a recognized board or college. The candidate needs to appear for the entrance assessment also where you wish to take admission.
Q6. How is the extent of MBA in Finance from now on?
Ans. The extent of MBA in Finance is immense and continues growing as time passes with the need of experts in the field. There are many career valuable open doors in the field. It is one of the most favored decisions among the candidates across the world. The field extends to phenomenal employment opportunity profiles with a decent compensation bundle and is likewise remunerating simultaneously. Accordingly, the extent of MBA in Finance in future as well as now is expanding step by step.
Q7. Who are the top employers in the field?
Ans. The reputed organizations usually hire candidates with higher training and great information as well as ranges of abilities that are taught to the candidates in the course. Some of the top employers in the field are recorded below :
Q8. Which are the colleges in Mumbai that provide a course in MBA?
Ans. Some of the colleges that provide you with a course in MBA are recorded below :
- Prin LN Welingkar Institute of Management Development and Research
- Jamnalal Bajaj Institute of Management Studies
- KJ Somaiya Institute of Management
- Thakur Institute of Management Studies and Research
- Narsee Monjee Institute of Management Studies
Q9. What is the typical beginning compensation for a task profile?
Ans. The typical beginning compensation for any of the gig profiles is high once the candidate gets done with the tasks in MBA as they are hired by the top organizations. The typical beginning compensation for a task profile is Rs. 4 Lakhs p.a. (Approx.) which increments with time and experience.
Q10. What is the fee structure to pursue a course in MBA?
Ans. The fee structure contrasts from one college to another. Some of the top and reputed colleges charge high fees in view of the facilities which they provide. The typical fee structure to pursue a course in MBA is Rs. 1 Lakhs.
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