Best MBA Colleges in Mumbai

Best MBA Colleges in Mumbai is an article written and designed by Formfees as more and more students seek Professional Training to pass the MBA examination with the highest possible scores. If you're ready to take the next step in your professional and personal life by enrolling in one of the best MBA colleges in Mumbai, this article may help. 

There are several things to think about when deciding on an MBA college in Mumbai, including its location, reputation, instructor quality, and more. This list has been compiled after careful consideration of these parameters to ensure that only the finest top MBA colleges in Mumbai are included.

Are you looking for an MBA College in Mumbai? This is a list of the Top MBA Schools in Mumbai compiled by Formfees to assist you in making the right decision.

What is an MBA?

Which job path should I choose after graduating? This is perhaps the most difficult decision that students confront after graduating from college. With the range of alternatives available, many of which were unheard of until recently, the thought of choosing the proper pick may be rather overwhelming. Yet, it is a critical choice that may have a significant impact on one's future. If you have basic management abilities and secretly see yourself as the future CEO of a top-tier company, an MBA (Masters in Business Administration) program is for you.

It is an area that is gaining popularity. Indeed, the scales have tipped in favor of this realm during the previous several decades. Do you intend to pursue an MBA in Mumbai, India's financial capital? Looking for a List of the Top MBA Colleges in Mumbai?

For your convenience, we have compiled a list of the top 10 MBA Colleges in Mumbai, complete with fee structure, placements, and other information.

MBA

Accounting, Economics, Marketing, Finance, Strategy/Frameworks, Human Resources, Organizational Behavior, Leadership, and Information Technology, among other Specializations, are covered in the MBA program. The curriculum is intended to reinforce the theoretical basis, give practical possibilities (internships, research, projects, and workshops) to develop both hard and soft skills, open up a window of employment prospects, and assist in the establishment of your own initiatives.

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the "City of Dreams" or the "Money Capital of India" is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. The best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning.

• There are 262 MBA colleges in Mumbai, of which 106 are private and 11 are MBA government colleges in Mumbai.
• Indian Institute of Technology - [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management and Research are ranked 10, 12, and 19 individually by NIRF Ranking 2021.
• Shailesh J. Mehta School of Management-[SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are the absolute best colleges for MBA in Mumbai.
• MBA admissions into the best MBA Colleges in Mumbai are for the most part finished through an entrance test called CAT. Anyway, numerous colleges additionally acknowledge other administration entrance tests scores like MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even GMAT and GRE.
• IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies - [BVCHTMS] Navi Mumbai, and ITM Institute of Hotel Management - [ITM-IHM] Mumbai are the absolute Best Hotel Management Colleges in Mumbai.
• The average fees for seeking MBA/PGDM courses from the top MBA colleges in Mumbai can run between INR 50,000 to 30 Lakhs each year relying on the colleges.
• A portion of the top MBA colleges in Mumbai with fees not as much as INR 60,000 incorporate K. C. College of Management Studies - [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
• The best MBA colleges in India offer worthwhile placement opportunities with high bundles and great ROI. The average CTC is offered at INR 18-30 LPA.
• Accenture, Amazon, Axis Bank, HCL, HDFC, and so on are a portion of the first-class organizations that take part in the placement drives offered by the top MBA colleges in Mumbai.
• SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the main 10 MBA colleges in Mumbai.

Insights of MBA Colleges in Mumbai

Mumbai is the capital of Maharashtra and the world's sixth most populated metropolitan metropolis. This city is modernizing its educational institutions by incorporating cutting-edge technology from across the globe. Mumbai, India's economic, financial, and entertainment capital, draws students from around the nation; there are several opportunities for management aspirants. The best MBA institutions in Mumbai are spread around the city and provide cutting-edge educational facilities.

Mumbai University, one of India's oldest institutions, is situated in the city. The city is home to significant investment corporations as well as commercial facilities of numerous Indian and international organizations, offering excellent employment opportunities. Mumbai has always been one of the top destinations for MBA students due to the presence of multiple top MBA colleges. The top private MBA colleges in Mumbai assist students in developing managerial and academic abilities while also giving outstanding professional possibilities. The majority of MBA colleges in Mumbai recognize the CAT Exam and other national and state-level examination marks. The list of MBA colleges in Mumbai provided below is intended to assist MBA students in learning about the best business schools.

Top MBA Colleges in Mumbai

The best MBA colleges in Mumbai 2023 academic year are shown below. There are over 40 MBA programs available at Mumbai's various MBA Colleges. There are around 35 private MBA colleges in Mumbai, compared to just 5 public ones.

A few of the best MBA colleges in Mumbai are located at:-

1. Narsee Monjee Institute of Management Studies, Mumbai
2. BSE Institute Limited, Mumbai
3. University of Mumbai, Mumbai
4. Universal Business School, Mumbai
5. Jankidevi Bajaj Institute of Management Studies, Mumbai

Top MBA Colleges in Mumbai

Some prominent business schools are located in Mumbai. Top MBA Colleges in Mumbai assist students in developing academic and managerial abilities while also giving outstanding employment possibilities. Below summarizes the finest MBA Colleges in Mumbai in terms of fees:

for any fees related queries, you can check the official website or contact Formfees

MBA College Name	Fee for 2-year MBA/MMS/PGDM
NMIMS, Mumbai	Rs 20.8L
SPJIMR, Mumbai	Rs 19L
NITIE Mumbai	Rs 12.5L
IIT Bombay	Rs 10.08L
K J Somaiya Institute of Management, Mumbai	Rs 18.79L
JBIMS Mumbai	Rs 6L
BITS School of Management	Rs 20.6L
Prin L N Welingkar Institute of Management Development and Research	Rs 13L
SIMSREE Mumbai	Rs 13.5L
SDA Bocconi Asia Centre	Rs 18.6L

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

College Name	Average Fees(INR)
SPJIMR, Mumbai	17,50,000
NMIMS, Mumbai	19,76,000
NITIE Mumbai	12,53,000
JBIMS Mumbai	6,00,000
K J Somaiya Institute of Management, Mumbai	14,94,000
SIES, Mumbai	7,20,000
SIMSREE, Mumbai	1,46,000
IESMCRC, Mumbai	6,00,000
Chetana’s Institute of Management and Research	6,60,000
SDA Bocconi Asia Center, Mumbai	18,60,000

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of the top 10 MBA colleges in Mumbai along with their average annual fees:

Name of the College	Average Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai	INR 6,91,000
National Institute of Industrial Engineering - [NITIE], Mumbai	INR 7,03,000
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai	INR 50,400
Mumbai University - [MU], Mumbai	INR 55,000
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai	INR 1,00,905
Hansraj Jivandas College of Education, Mumbai	INR 6,600
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai	INR 63,791
Vikas Night College of Arts Science and Commerce, Mumbai	-
Thakur Global Business School - [TGBS], Mumbai	INR 4,80,000
Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai	INR 1,99,000

MBA Colleges in Mumbai Ranking

Several organizations, like Business Today, The Economic Times, NIRF, etc., have compiled lists from which the best MBA colleges in Mumbai have been determined. Faculty, placement rates, learning outcomes, exam formats, and other factors all play a role in the rankings. When it comes to the best colleges in India, the list of Top MBA Colleges in Mumbai is almost consistently at the top.

• Finance
• Human Resource Management
• Marketing
• Operations Management
• Information Technology
• Retail Management
• Banking
• Pharmaceutical Management
• Agri-Business
• Rural Management

Top MBA Colleges in Mumbai Ranking

Rankings of the top colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.

A portion of the top agencies in India delivering such records is NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten the ninth position in India by the national ranking office in 2022.

Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

NIRF Ranking 2022	College Name	NIRF Score
9	National Institute of Industrial Engineering	68.84
11	Shailesh J. Mehta School of Management, IIT Bombay	66.24
21	SPJIMR - S.P. Jain Institute of Management and Research	59.51
25	Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai	58.14
68	Welingkar Institute of Management	46.76
71	K J Somaiya Institute of Management	46.31
102 - 125	Amity University, Mumbai	-

Top MBA Colleges in Mumbai India Today Ranking 2022

College Name	India Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)	4
Narsee Monjee Institute of Management Studies (NMIMS)	9
National Institute of Industrial Engineering (NITIE)	11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)	25
L N Welingkar Institute of Management Development and Research	33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)	39
N L Dalmia Institute of Management Studies and Research	80
Universal Business School	86
IES Management College and Research Center	144
Atharva Institute of Management Studies	171

Fee Structure of MBA Colleges in Mumbai

Number of Institutes	Total 2 Yrs Fees in Lakhs
10	Up to Rs. 1 Lakh
4	Rs. 1 Lakh - Rs. 2 Lakh
6	Rs. 2 Lakh - Rs. 3 Lakh
5	Rs. 3 Lakh - Rs. 4 Lakh
8	Rs. 4 Lakh - Rs. 7 Lakh
7	Above Rs. 7 Lakh

Top MBA Colleges in Mumbai with Low Fees

The average fees for chasing after MBA courses from the top MBA colleges in Mumbai can go between INR 55,000 - 23 Lakhs each year. Listed below are the top MBA colleges in Mumbai with low fees:

Name of the College	Average Annual Fees
K. C. College of Management Studies - [KCCMS], Mumbai	INR 45,000
Indian School of Management & Studies - [ISMS], Mumbai	INR 44,090
Mumbai University - [MU], Mumbai	INR 55,000
K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai	INR 36,250
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai	INR 50,400
National Academy of Management Studies - [NAMS], Mumbai	INR 25,000
Hansraj Jivandas College of Education, Mumbai	INR 6,600
University of Mumbai, Institute of Distance & Open Learning - [IDOL], Mumbai	INR 17,625
SNDT Women's University, Centre of Distance Education - [SNDT CDE], Mumbai	INR 15,800
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai	INR 63,791

Top MBA Colleges in Mumbai With Fees

College Name	Total Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)	INR 4,24,000
National Institute of Industrial Engineering (NITIE)	INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR)	INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR)	INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS)	INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and Research	INR 55,000
BITSoM	INR 24,50,000
SIES College of Management Studies	INR 2,20,000
ICFAI Business School	INR 4,00,000

MBA Colleges in Mumbai Accepting CAT, XAT, MHCET, CMAT, and GMAT Scores:-

1. As a management student, you should be aware of the colleges that accept CAT, XAT, or GMAT scores for final admissions to the two-year management program. IIT Bombay, JBIMS, and SPJIMR are among the prestigious management schools that accept CAT results.
2. JBIMS accepts GMAT and MHCET results as well.
3. Narsee Monjee Institute of Management is one of India's top business schools. Individuals who take the NMAT entrance exam may get admission to MBA programs.
4. SPJIMR, a top MBA college in Mumbai, accepts GMAT/CAT/XAT scores.
5. In the first week of January, TISS - Tata Institute of Social Sciences - conducts a computer-based National Entrance Test (TISS-NET).
6. K.J. Somaiya Institute of Management and Research recognizes CAT, XAT, CMAT, and GMAT exam scores.
7. Welingkar Institute of Management Development and Research, one of the top-ranked MBA programs, accepts CAT, XAT, and GMAT results.
8. For admission to management programs, ITM Business School accepts CAT, XAT, CMAT, GMAT, and MH CET results.

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, and GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College	Average Annual Fees
Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai	-
Rustomjee Business School - [RBS], Mumbai	INR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai	INR 81,000
Tata Institute of Social Sciences - [TISS], Mumbai	INR 1,00,000
Thadomal Shahani Centre For Management - [TSCFM], Mumbai	INR 14,000
K J Somaiya Institute of Management, Mumbai	INR 8,17,290
BSE Institute Limited - [BIL], Mumbai	INR 5,60,000
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai	INR 5,75,000
SIES School of Business Studies - [SIES SBS], Mumbai	INR 4,50,000
Athena School of Management, Mumbai	INR 6,75,000

MBA Colleges in Mumbai Cut Off

Top MBA Colleges in Mumbai cut-off scores vary from 60% to 95% for different entrance examinations like as CAT, SNAP, XAT, IBSAT, CMAT, GMAT, ATMA, MAT, MAH CET, and others. The best MBA colleges in Mumbai have high cut-offs of more than 90%.

There are MBA colleges in Mumbai that accept candidates with lower entrance test scores. Which is mentioned in the article above.

Top MBA Colleges in Mumbai Cutoff

Various colleges concede students on various bases like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT scores, and furthermore, give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in Mumbai	MBA Cutoff
SJMSOM IIT Bombay	90 (CAT)
SP Jain (SPJIMR)	92 (CAT)
Narsee Monjee (NMIMS)	209 (NMAT)
KJ Somaiya	86 (CAT)
Welingkar (WeSchool) Mumbai	80 (CAT)
NITIE Mumbai	90 (CAT)
SIMSREE Mumbai	144 (MAHCET)

Frequently Asked Questions about Best MBA Colleges in Mumbai

Q1. Is MBA losing its worth?

Ans. Because of an enormous number of students seeking after MBA consistently, the course's worth has digressed a bit, yet, MBA is perhaps of the most looked-for course by recruiters in the corporate world.

Q2. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

Q3. Is Amity Mumbai great for MBA?

Ans. Friendship Mumbai offers students the a-list foundation and profoundly sophisticated education for the MBA course. Notwithstanding, education at Amity Mumbai is a bit expensive.

Q4. Is SP Jain and SPJIMR the equivalent?

Ans. Indeed, they are. The full type of SPJIMR is the SP Jain Institute of Management and Research.

Q5. How might I get a scholarship for MBA?

Ans. Numerous associations and institutes offer scholarships for MBA programs. 2 best ways of getting a scholarship are:

• A decent score on the entrance test.
• Broad exploration work in a specific field.

Q6. Which MBA gives the highest compensation?

Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.

Q7. Is ISB better than IIM?

Ans. ISB and IIM, have established themselves as the premier management institutes in India. What isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Whereas, IIMs keep no such model.

Q8. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered stays above INR 20 lakh.

Q9. Which private college is best for MBA?

Ans. Following is a rundown of probably the best private MBA colleges in Mumbai:

• Jamnalal Bajaj Institute of Management Studies-JBIMS
• SP Jain Institute of Management and Research-SPJIMR
• Harmony Global Business School
• K J Somaiya Institute of Management Studies and Research
• SIES College of Management Studies

Q10. Might I at any point do MBA after B.Com.?

Ans. Indeed, you can do MBA in the wake of seeking a B.Com. course.

Q11. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.