Best Colleges in Mumbai for MBA in Finance

Best Colleges in Mumbai for MBA in Finance

Best Colleges in Mumbai for MBA in Finance - In Mumbai, over 80 MBA in Finance institutes provide specialized degrees. Almost 94% of the MBA in Finance institutes in Mumbai are privately owned. The remaining MBA (Finance) colleges in Mumbai are administered by government organizations.

MBA is a two-year professional degree program that offers a variety of specializations. Candidates from all disciplines can select an MBA specialty depending on their interests and future ambitions. Finance is one of the majors to choose from among more than 50 MBA specializations. An MBA in Finance helps students understand financial management, investments, and resources of money.

CAT, CMAT, MAT, ATMA, and XAT, among others, are accepted for MBA in Finance admission across Mumbai.

Best MBA Colleges in Mumbai for Finance Highlights

The table below mentions key highlights of the Best MBA Colleges in Mumbai for Finance.

Parameters	Particulars
Number of MBA in Finance colleges in Mumbai	Nearly 80 colleges
Annual fees	- Annual fees < INR 1 lakh: Approx. 1 per cent - Annual fees > INR 5 lakh: Approx. 57 percent
Admission process	Entrance-based

MBA Finance Colleges in India

Looking for an MBA Finance college in India?

Voila! For you have come to the right place.

We at Formfees have compiled a comprehensive article on the MBA Finance colleges in India.

You know MBA in Finance is one of the oldest specializations among all the MBA streams. Hence there are a number of MBA Finance colleges in India as well dedicated to it.

There are 1689 MBA in Finance Colleges in India. So, even the list of top MBA Finance colleges in India has an end number of MBA in Finance colleges for you to choose from.

MBA in Finance provides one of the best returns on investment when pursued. So if you have made up your mind to do this course, you can surely expect a great outcome.

Here, in the article below, we shall make you familiar with all the aspects related to the MBA in Finance and MBA Finance colleges in India all in one place.

Let us begin this article with some of the basic questions related to the MBA in Finance course

What is MBA in Finance? What is included in MBA in Finance? One of the most popular MBA degrees is the MBA in Finance, which teaches skills in banking, accounting, corporate financial planning, corporate acquisitions & mergers, and financial management.

What consists of the MBA Finance curriculum? The MBA Finance curriculum includes

• Analyze financial reports
• Forecast financial and economic trends
• Make stocks profitable
• Strike a balance between risk and profitability
• Manage and maximize their investment portfolios with the least amount of risk possible.

What are the top recruiters for the best MBA Finance colleges in India? Some of the top recruiters of the best MBA Finance colleges in India are

• Private Equity Companies
• Corporates
• Banks
• Asset Management Companies
• Insurance Companies

Which are the MBA Finance colleges in India? The MBA Finance colleges in India are

• IIM Ahmedabad
• IIM Calcutta
• IIM Kozhikode
• FMS Delhi
• JBIMS Mumbai

What are the job scope for the graduates of MBA finance colleges in India? The job scope for the graduates of MBA finance colleges in India are

• Financial Analyst
• Credit Risk Manager
• Portfolio Manager
• Treasury Manager
• Derivatives Trader
• Structuring
• Assistant Vice President – Finance/Corporate Banking·   Corporate Finance Manager

What is the placement offered for the graduates of the top MBA finance colleges in India? Some of the placement offered for the graduates of the top MBA finance colleges in India are JBIMS MSc Finance placements 2020 have recorded an average salary of Rs.17.27 LPA while TAPMI Placements 2020 for its specialist PGDM BKFS program have recorded a 12.65% rise in average salary.

What are the MBA in Finance subjects taught to the students in the MBA finance colleges in India? Some of the  MBA in Finance subjects taught to the students in the MBA finance colleges in India are:

• Money and Banking
• Financial Risk Management
• Management Control System
• International Finance
• Bank Management
• Fixed Income Markets
• Structured Finance
• Infrastructure and Project Finance
• Options, Futures & Derivatives

What are the various types of MBA in Finance Courses in India? There are various types of MBA in Finance Courses in India, but their nature and geographic scope are all the same. Some of these are as follows:

• 2-Year Full-Time Specialised MBA in Finance by IIM, such as IIM Kozhikode,
• 2-Year Full-Time Specialised MBA in Finance or MBA Equivalent PGDM in Finance by B-Schools and Universities, such as JBIMS, IMI, IMT, K J Somaiya,
• MBA Specialisation in Finance offered within a 2-Year Full-Time General MBA/PGDM Programme, such as IIM Ahmedabad, IIM Bangalore, and FMS Delhi

There are top specialized MBA finance colleges in India that offer an MBA in finance with a focus on stock markets, banking management, and related programs like MSE, BSE, DSE, and NIFM.

People Also Ask for the Best MBA Colleges in Mumbai for Finance

Q. What are the Mumbai-based Best MBA Colleges in Mumbai for Finance?

Nearly 80 MBA in Finance schools are located in Mumbai. Around 94 percent of Mumbai's MBA in Finance colleges are supported by private entities, while the rest are managed and funded by the government.

Q. What is the cost of the Best MBA Colleges in Mumbai for Finance?

MBA in Finance Colleges in Mumbai offers different fees. The average MBA in Finance College in Mumbai charges a fee of INR 5 lakh. MBA in Finance is expensive in Mumbai.

Q. Is there a Mumbai MBA in Finance College that is ranked in NIRF's Top 100? Best MBA Colleges in Mumbai for Finance

Yes. Yes. SPJIMR & K J Somaiya Institute of Management were ranked in the NIRF 2021 Management Ranking at 19th and 56th, respectively.

Q. What are the most sought-after job profiles in Mumbai for MBAs in Finance?

Many Finance graduates can be considered for roles such as Financial Analyst, Financial Manager or Financial Analyst, Budget Analyst, Financial Services Agent, Investment Banker, Cash Management, and other options.

Q. What are the most popular entrance tests for MBA in Finance admissions?

MBA in Finance entrance exams that are accepted by colleges in Mumbai include CAT and CMAT. The most popular MBA entrance exam is the CAT in Mumbai.

Q. Does Mumbai MBA in Finance admittees need to have work experience?

Although it is not required to have work experience following a bachelor's, candidates who have worked in finance tend to be more likely to get a job after an MBA in Finance. Some MBA in Finance colleges in Mumbai also gives weightage to work experience in the selection process.

Best MBA Colleges in Mumbai for Finance Eligibility Criteria

The qualifying requirements for an MBA in Finance program vary per school. The core qualifying criteria for the course, however, remain the same. The following are the eligibility requirements for an MBA in Finance.

• Candidates must have a bachelor's degree from a recognized institution or institute, regardless of field.
• MBA in Finance colleges in Mumbai may have a minimum score criterion. As a result, unreserved category applicants with a minimum score of 50% are eligible. The minimum score for restricted category applicants is 45%. The minimal score may fluctuate between colleges.
• Candidates whose results for the final semester of their bachelor's degree are pending are provisionally qualified to apply for the course.

Top MBA Finance Colleges in India with Fee Structure

Here below is the list of Top MBA Finance colleges in India with fee structures. Kindly go through it carefully to comprehend better the most suitable MBA college for yourself. Kindly have a look below:

Name of the College	Average Fee
IIT Delhi	INR 10.40 lakh
IIM Lucknow	INR 12.60 lakh
IIT Madras	INR 9.14 lakh
IIM Raipur	INR 14.19 lakh
IIM Kashipur	INR 14.88 lakh

Top Colleges for MBA in Finance in India

Here below is the list of Top colleges for MBA in Finance in India. Kindly go through it carefully to comprehend better the most suitable MBA college for yourself. Kindly have a look below:

• SP Jain
• Narsee Monjee
• Taxila Business School
• Lal Bahadur Shastri Institute of Management
• Xavier Institute of Social Service (XISS)
• K J Somaiya Institute
• National Institute of Bank Management
• Indian School of Business
• Indian Institute of Foreign Trade
• Management Development Institute (MDI)
• Jamnalal Bajaj Institute of Management Studies
• Mudra Insitute Of Communications, Ahmedabad (MICA)
• Symbiosis Institute of Business Management
• University Business School (UBS), Punjab University
• Department of Business Economics, University of Delhi
• Institute of Management Technology (IMT)
• International Management Institute (IMI)
• Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
• Goa Institute of Management (GIM)
• Great Lakes Institute of Management
• FORE School of Management
• WOXSEN School of Business
• Management Development Institute (MDI)
• Atal Bihari Vajpayee-Indian Institute of Information Technology And Management (ABV-IIITM)
• National Institute of Industrial Engineering (NITIE)
• T.A.PAI Management Institute (TAPMI)
• Birla Institute of Management Technology (BIMTECH)

Top 10 Finance Colleges in India

Here below is the list of Top 10 Finance Colleges in India. Kindly go through it carefully to comprehend better the most suitable MBA college for yourself. Kindly have a look below:

Name of the College	Programme Available
IIM Ahmedabad	PGP with specialization in Finance
IIM Bangalore	MBA with specialization in Finance
IIM Calcutta	MBA with specialization in Finance
XLRI Jamshedpur	PGDM with specialization in Finance
IIM Kozhikode	PGP Finance
Jamna Lal Bajaj Institute of Management Studies (JBIMS) Mumbai	M.Sc. Finance
International Management Institute (IMI) New Delhi	PGDM Banking & Financial Services
IMT Ghaziabad	PGDM Banking & Financial Services
K J Somaiya Institute of Management Studies & Research, Mumbai	MBA Financial Services
Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi	PGDM-Research & Business Analytics

Best Colleges for MBA in Finance in World

Here below is the list of  Best colleges for MBA in Finance in the World. Kindly go through it carefully to comprehend better the most suitable MBA college abroad for yourself. Kindly have a look below:

Name of the Institute	Country
The Wharton School	University of Pennsylvania, US
The University of Chicago Booth School of Business	United States
London Business School	United Kingdom
Stern School of Business	New York University (NYU), US
Harvard Business School	United States
Columbia Business School	Columbia University, US
INSEAD	France
IE Business School	Spain
Stanford University Graduate School of Business	United States
The Kellogg School of Management	Northwestern University, US

Best MBA Colleges in Mumbai for Finance with NIRF Ranking 

The National Institutional Ranking Framework (NIRF) rates institutes around Mumbai in many fields such as Management, Pharmacy, Dental, Medicine, Architecture, and Engineering, among others. The NIRF rates institutes using the following criteria:

• Teaching, Learning and Resources
• Research and Professional Practices
• Graduation Outcomes
• Outreach and Inclusivity
• Peer Perception

The table below mentions top MBA in Finance colleges with NIRF ranking

Name of College	NIRF 2021 Rank	Shiksha (Aggregate) Rating
SPJIMR - S.P. Jain Institute of Management and Research	19	4.3
K J Somaiya Institute of Management	56	4.2
NMIMS School of Business Management, Mumbai	-	4.2
SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education	-	4
Xavier Institute of Management and Research	-	4.4

NOTE: Only two MBA in Finance college has been ranked under NIRF across Mumbai

List of Top Private and Government MBA in Finance Colleges in Mumbai

Private colleges function with funding from private bodies. In contrast, government or public colleges are the ones that are run using the funds received from the government. The space below mentions the private and public MBA in Finance colleges in Mumbai.

List of Private MBA in Finance Colleges in Mumbai

Name of Private College	Course Fee (In INR)
VIT - Vidyalankar Institute of Technology	3 L
ICFAI Business School (IBS), Mumbai	9.09 L
Welingkar Institute of Management	11.04 L
IES's Management College and Research Centre	8 L
N.L. Dalmia Institute of Management Studies and Research	11.5 L

List of Public MBA in Finance Colleges in Mumbai

Name of Public College	College Fee (In INR)
Bombay Stock Exchange Institute, Mumbai	6.61 L
SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education	1.34 L
Jankidevi Bajaj Institute of Management Studies - JDBIMS	-
Sasmira's Institute of Management Studies and Research	3.8 L

ROI of Top MBA in Finance Colleges in Mumbai

There are various top MBA in Finance colleges in Mumbai that give placements on par with the top IIMs. The return on investment (ROI) of an MBA college is a measurable indication of value for money. Students pay course fees in institutions and hope to be placed with a good wage package in return. The return on investment (ROI) is calculated by comparing the placement package to the course price.

In terms of ROI, SPJIMR and SIMSREE are among the best MBA in Finance colleges in Mumbai. The table below lists some of the best B-schools in Mumbai that provide MBA in Finance, along with course costs and average placement packages.

Name of College	Course Fee (In INR)	Average Placement Package (In INR)
SPJIMR - S.P. Jain Institute of Management and Research	17.5 L	19.5 LPA
SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education	1.34 L	10.97 LPA
NMIMS SBM Mumbai	21.9 L	17.75 LPA
ICFAI Business School (IBS), Mumbai	9.09 L	9.7 LPA
Welingkar Institute of Management	11.04 L	8.61 LPA

How Much Does an MBA in Finance Cost in Mumbai?

A course price of more than INR 5 lakh is charged by over 57 percent of MBA in Finance institutes in Mumbai. Among these colleges are::

• AIMS - Atharva Institute of Management Studies
• Institute of Business Studies and Research, Navi Mumbai
• School of Management, D.Y. Patil University
• MET Institute of Post Graduate Diploma in Management (PGDM)
• SP Jain School of Global Management

A quarter of MBA in Finance institutes in Mumbai charge between INR 3 lakh and INR 5 lakh in tuition. These are some of the colleges:

• GNVS Institute of Management
• Bharati Vidyapeeth Institute of Management Studies and Research
• Sasmira's Institute of Management Studies and Research
• National Stock Exchange (NSE)
• St. Francis Institute of Management and Research

Approximately 13% of MBA in Finance universities in Mumbai charge course fees ranging from INR 2 lakh to INR 3 lakh. Among these colleges are:

• ASM's Institute of Management and Computer Studies
• Sinhgad Institutes - Sinhgad Management Institutes
• Indian Institute of Aviation and Hospitality Management
• K.C.College of Engineering and Management Studies and Research
• Maratha Mandir’s Babasaheb Gawde Institute of Management Studies

Approximately 6% of MBA in Finance universities in Mumbai charge course fees ranging from INR 1 lakh to INR 2 lakh. Among these colleges are:

• Pramod Ram Ujagar Tiwari Saket Institute Of Management
• New Horizon Institute of Management Studies
• Alamuri Ratnamala Institute of Engineering and Technology
• SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education

The remaining 1% of MBA in Finance institutes in Mumbai offer course fees that are less than IN 1 lakh. FINPLAN - International Institute of Management, located at Andheri East, with a course price of less than INR 1 lakh.

Which are the Most Popular Entrance Exams Accepted by MBA in Finance Colleges in Mumbai?

Admission into an MBA programme is based on the scores of the candidates in the entrance exam. MBA in Finance colleges across Mumbai accept scores of national, or state-level exams including CAT, XAT, CMAT, MAT, MAH CET, ATMA, and NMAT, among others.

Top 10 government MBA colleges in Mumbai

MBA in finance Mumbai colleges fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 52.8 Lakhs with an average annual salary of ₹ 2.8 Lakhs.

Admission for MBA in Mumbai is done on the basis of an entrance exam in top universities. Candidates must sit for a national, state, or university-level entrance exam such as CAT, XAT, etc to seek admission to the MBA course for the academic year 2022-2024. This includes the Best MBA colleges in Mumbai for finance 

1. BITS School of Management (BITSoM) Powai, Mumbai.
2. GNVS Institute of ManagementSion, Mumbai.
3. Chetana's Institute of Management and Research Bandra East, Mumbai.
4. SP Jain School of Global Management Kurla West, Mumbai.
5. Indira Institute of Business ManagementNavi Mumbai, Mumbai

There are plenty of colleges with lower fees for MBA in Mumbai and There are some MBA colleges that charge a bit higher fees like SPJIMR, NMIMS. Government College of MBA in Mumbai are given below along with 

Top MBA government colleges in Mumbai and government MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai, sometimes known as the "City of Dreams" or the "Finance Capital of India," is home to more than 260 of India's finest MBA institutions. The AICTE has authorized 57 Mba institutions in Mumbai, whereas the UGC has approved 17. MBA programs are available in a variety of specialties, from finance and marketing to supply chain management and urban planning, at the best MBA college in Mumbai. MBA Mumbai University costs vary depending on which institutes give world-class amenities.

• Of the total 262 MBA colleges in Mumbai, Around 106 are private, and 11 are MBA public colleges in Mumbai.
• Indian Institute of Technology - [IITIIT Bombay, National Institute of Industrial Engineering, Mumbai and S. P. Jain Institute of Management & Research is ranked 10, 12 and 19 respectively in NIRF The ranking for 2021.
• Shailesh J. Mehta School of ManagementSJMSOM, SPJIMR, IIT Bombay, SBM NMIMS are some of the best schools to study MBA located in Mumbai.
• MBA admissions into the top MBA colleges in Mumbai are usually made by means of an entrance test called the CAT. Many colleges also accept other exam scores like MAT, XAT, CMAT, NMAT, ATMA, MAH CET or even GMAT and GRE.
• IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSIHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Navi Mumbai along with ITM Institute of Hotel Management [ITM-IHM] Mumbai are among the top Hotel Management Colleges in Mumbai.
• The fees for taking MBA or PGDM courses at the top MBA schools in Mumbai could range from INR 500,00 to 30 Lakhs annually, based on the schools.
• Some of the best MBA institutions in Mumbai that charge lower than INR 60,000 are K. C. College of Management Studies [KCCMSKCCMS Mumbai, ISMS Mumbai, Mumbai University MBA as well as KJSCCETR Mumbai.
• The top MBA schools in India provide lucrative job opportunities with high pay packages and high ROI. Average CTC is priced between 18-30 LPA.
• Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top firms that take part in programs for placement offered by the best MBA schools in Mumbai.
• SJMSOM Mumbai, SPJIMR Mumbai and SBM NMIMS Mumbai are the most prestigious colleges in Mumbai to study MBA in Finance. They have been placed in the best 10 MBA institutions in Mumbai.

List of government MBA colleges in Mumbai with fee structures 2022:-Top MBA colleges in Mumbai and Best MBA colleges in Mumbai include the best private MBA colleges in Mumbai and the best government MBA colleges in Mumbai. SPJIMR is always listed in the list of best colleges for MBA in Mumbai. There is a number of colleges in Mumbai, but some of them that are SPJIMR, NITIE, SIMSREE, SJMSOM, and K J Somaiya is the top 5 MBA colleges in Mumbai.

IIT Bombay comes in the number one place of the top 10 government MBA colleges in Mumbai. The MBA colleges in Mumbai with low fees are government MBA colleges in Maharashtra. The MBA colleges in Maharashtra with low fees are government MBA colleges in Maharashtra such as SIMSREE, SJMSOM, and others. Some other top MBA colleges in Mumbai are KJ Somaiya, NIMMS and NITIE.

MBA fees in Mumbai are relatively higher than the fees in other states of India. MBA institutes in Mumbai such as SPJIMR, and K J Somaiya are the MBA best colleges in Mumbai. The MBA institutes in Mumbai such as TISS and SIMSREE are MBA government colleges in Mumbai which are listed in the list of top 20 MBA colleges in Mumbai. There are many PGDM colleges in Mumbai that offers International placement packages. MBA colleges in Mumbai listed with placement and fees is mentioned in this article. Mumbai University is one of the MBA government colleges in Mumbai and also it is one of the top colleges for MBA in Mumbai, the MBA fees at Mumbai University revolve around INR 8K to 4 Lacs.

Top 10 government MBA colleges in Mumbai

MBA is the most prestigious and lucrative degree being offered in India. Admission to the course is carried out by various Entrance Exams and exams are structured so as to access the ability of the candidates.

Get the list of the best 50 private / government MBA colleges in India based on placement, Academic excellence, Infrastructure, education, faculty, intellectual capital, and so on.

Here is the list of top colleges of government for MBA applicants. These are the prestigious colleges in India. Since MBA is one of the most coveted courses in India, return on investment always remains a big attraction and proves to be substantial. Though MBA gives you a launchpad in the corporate world the price paid for it sometimes might not suit your pocket. Here are some top-tier 1 Government MBA colleges that provide the best ROI in the country.

MBA Government colleges in Mumbai offer top-quality MBA advice with high-game strategies for growing and sustaining within the business world. MBA has consistently been referred to like a saw, bringing the possibility of stopping the ladder or climbing to the top of the corporate ladder. It is regarded as unique among other major decisions made by the students of the board after graduation.

If you’re looking to have greater flexibility following the completion of your degree and are hoping to acquire abilities that employers will appreciate seeking your MBA degree will be the best choice. It provides the skills that you can use to fill the role of a manager or enter the market or simply grow in your career. In this blog, we’ll discuss everything you need to be aware of when pursuing an MBA at a government college!

The top MBA institutions in Mumbai provide MBA along with PGDM (Postgraduate Certificate in Management) via Offline, Online, and Distance learning mode. Mumbai is often referred to as the “City of Dreams” or the “Finance Capital of India” is home to more than 260 of the top MBA schools in India. There are 57 MBA institutions in Mumbai that are endorsed by AICTE and 17 are accredited by UGC. The top MBA school in Mumbai provides MBA with different specializations ranging from Marketing and Finance up to Supply Chain Management and Urban Planning.

• Of the total 262 MBA colleges in Mumbai, Around 106 are private, and 11 are MBA government-run colleges in Mumbai.
• Indian Institute of Technology – [IITIIT Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management & Research are placed at 10, 12, and 19 respectively in NIRF The ranking for 2021.
• Shailesh J. Mehta School of ManagementSJMSOM, SPJIMR, IIT Bombay, SBM NMIMS are some of the most prestigious colleges to study MBA located in Mumbai.
• MBA admissions to the best MBA colleges in Mumbai are usually made by taking an entrance exam known as the CAT. But many colleges will take other entrance examinations for management scores, such as NMAT, MAT CMAT, ATMA, MAH CET, GMAT and GRE..
• IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSThe IHM Mumbai, Bharati Vidyapeeth College of Hospital and Tourism Navi Mumbai ITM Institute of Hotel Management Mumbai are among the best Hotel Management Colleges in Mumbai.
• The fees for taking MBA or PGDM courses at the top MBA schools in Mumbai vary from INR 500,00 to 30 Lakhs per year , depending on the college.
• A few of the best MBA institutions in Mumbai charge lower than INR 60,000. These include K. C. College of Management Studies [KCCMSMumbai, ISMS Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
• The top MBA schools in India provide lucrative opportunities for placement with attractive packages and high ROI. The average CTC is priced at 18-30 LPA.
• Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top firms that take part in programs for placement offered by the best MBA schools in Mumbai.
• SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the most prestigious colleges in Mumbai to study MBA in Finance. They are also ranked among the 10 best MBA schools in Mumbai.

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fees 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

MBA in finance colleges in Mumbai fees

Mumbai is a prominent metropolitan city in the country that is endowed with several management colleges. The majority of the city's management schools offer an MBA with Finance as a concentration degree. 

The course provides students with the information and abilities they need to succeed in financial institutions. The training can lead to a prosperous job in any of the top global corporations or recognized government-aided institutions. 

The Colleges in Mumbai that provide the desired MBA Finance programme are mentioned below.

MBA in Finance Colleges in Central Mumbai

• Alkesh Dinesh Mody Institute For Financial & Management Studies
• Bharati Vidyapeeth’s BVIMSR Centre for Business Education
• Dr. D.Y Patil Institute of Management Studies
• Guru Nanak Institute of Management Studies
• IES Management College & Research Centre
• Indian Institute of Technology
• ITM Executive Education Centre
• Jankidevi Bajaj Institute of Management Studies
• JK Institute of Technology & Management
• K.J. Somaiya Institute of Management Studies & Research
• L.S. Raheja College of Arts & Commerce
• MET Institute of Management
• Mukesh Patel School of Technology Management & Engineering, NMIMS University
• School of Business Management, NMIMS University
• School of Commerce, NMIMS University
• The Indian Institute of Planning & Management
• Vasntadada Patil Pratishthan’s Institute of Management Studies
• Vidyalankar Institute of Technology
• Welingkar Institute of Management Development & Research

MBA in Finance Colleges in North Mumbai

• Aegis School of Business
• ASM’s Institute of Management & Computer Studies
• Atharva Institute of Management Studies
• Atharva School of Business
• ICFAI Business School
• Jamnalal Bajaj Institute of Management Studies
• Jashbhai Maganbhai Patel College of Commerce
• M.E.S. Humera Khan Institute of Management Studies & Research
• Rajasthani Sammelan’s Management Institute
• ST. Francis Institute of Management & Research

MBA in Finance Colleges in South Mumbai

• Anjuman Khairul Islams’s College
• Asian Institute of Management
• Bushra International Institute of Graduate Studies
• Indian Institute of Banking and Finance (IIBF)
• Indian Institution of Export & Import Management
• Jamnalal Bajaj Institute of Management Studies
• K.P.B. Hinduja College of Commerce
• Lala Lajpat Rai Institute of Management
• Sydenham Institute of Management Studies & Research & Entrepreneurship Education

MBA in Finance Colleges in Navi Mumbai

• Bharati Vidyapeeth’s Institute of Management Studies & Research
• Institute of Business Studies & Research
• ITM Business School
• ITM Institute of Financial Markets
• Oriental Institute of Management
• SIES College of Management Studies 

MBA in accounting and finance colleges in Mumbai

Top 20 MBA colleges in Mumbai

Mumbai is home to several prestigious business schools. The leading institutions in Mumbai help students build academic and management skills while also giving excellent career possibilities. 

The chart below offers an overview of the top MBA institutions in Mumbai, arranged alphabetically.

Name of the Institution	Entrance Exam Accepted	Fees
Shailesh J. Mehta School of Management, IIT Bombay	CAT	₹8.27 L – 15.21
National Institute of Industrial Engineering	CAT, GATE	Not Prescribed
S.P. Jain Institute of Management and Research	CAT, GMAT	₹17.5 L
Sydenham Institute of Management Studies Research and Entrepreneurship Education	CMAT, CAT	₹69 K
ITM Business School	MAH CET, CMAT, CAT	₹10.45 L
SDA Bocconi Asia Center	CAT/NMAT	₹18.6 L
Xavier Institute of Management and Research	MAH CET, CMAT	₹5.2 L
JBIMS – Jamnalal Bajaj Institute of Management Studies	–	₹7 L
VIT – Vidyalankar Institute of Technology	MAH CET, CMAT	₹3.07 L
School of Management, D.Y. Patil University	CAT/NMAT	₹8.4 L

Part time MBA in finance colleges in Mumbai

Top Part-Time MBA Colleges in Mumbai with Shiksha Ratings (Aggregate)

Check out the table below to know the top part-time MBA colleges in Mumbai along with Shiksha ratings:

Name of the College	Shiksha Ratings (Aggregate)
NMIMS School of Business Management	4.2
Sydenham Institute of Management Studies Research and Entrepreneurship Education (SIMSREE)	4
Jamnalal Bajaj Institute of Management Studies (JIBMS)	4.3
Welingkar Institute of Management	4
KJ Somaiya Institute of Management	4.2

Top Private and Government Part-Time MBA Colleges in Mumbai

Top Private Part-Time MBA Colleges in Mumbai

Refer to the table below to know the top private part-time MBA colleges in Mumbai:

Name of the College	Course Fee (in Rs)
KJ Somaiya Institute of Management	2.97 L
N.L Dalmia Institute of Management Studies and Research	1.5 L
NMIMS School of Business Management	1.01 L – 6.04 L
Welingkar Institute of Management	1.53 L
JBIMS	1.52 L - 7 L

Top Government Part-Time MBA Colleges in Mumbai

Refer to the table below to know the top government/public part-time MBA colleges in Mumbai:

Name of the College	Course Fee (in Rs)
Jankidevi Bajaj Institute of Management Studies	-
SIMSREE	1.53 L
University of Mumbai	1.53 L
Garware Institute of Career Education and Development	2.25 L
Sasmira’s Institute of Management Studies and Research	1.5 L

Top MBA colleges in Mumbai with low fees

Top low fees MBA colleges in India charge a fee from Rs. 50,000 to Rs. 10 Lakhs for 2 years full-time residential MBA or PGDM program. Best MBA colleges with low fees like IIMs, XLRI, MDI, and SPJIMR have a fee structure between 17 lakhs to Rs.24 lakhs. Some of the top B-schools in India offering affordable MBA with low fees are either affiliated to or are the management departments of the Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University among others. To get admission to a top MBA college with low fees, you should score high on the entrance exam like CAT/XAT/CMAT/MAH CET and have excellent academics/work experience. This article from MBAUniverse.com presents the best MBA colleges with low fees in India and will guide you in taking the right MBA admission decision. Minimum fees for mba is from Rs. 50,000 to Rs. 10 Lakhs for a 2-year full-time residential MBA or PGDM program. 

Top MBA colleges with low fees structure is given below in the article, which are known to be providing amazing placement opportunities, some of the good MBA colleges with low fees are Bangalore University, Pune University, Panjab University etc. 

What are the Top MBA colleges with low fees in India? It's one of the frequently asked questions we come across and this article provides you with the latest information on the Best B-Schools and the last dates to apply for their courses. Top MBA Colleges in India With Low Fees. Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices starting at Rs 20,960 only. It is one of the best mba colleges in India with low fees.

Top Government MBA Colleges in India with low fees

• Faculty of Management Studies (FMS), Delhi University is among the most prestigious management schools in India that offer MBA classes at the most affordable cost beginning with the price of INR 1.92 Lakhs only. It is among the most sought-after institutions for MBA in India that is associated with Delhi University. The procedure for selection at the institute comprises the CAT scores as well as Personal Interviews. The average salary offered in the campus selection this year is the sum of INR 32.4 LPA.
  Companies like Deloitte, OLA, PwC, L'Oreal, Info Edge, Adobe, Google, Amazon, etc. provide internships to students of FMS.
• Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai
  JBIMS was established in 1965 and is affiliated to the University of Mumbai. It is a non-profit institution that offers full-time and part-time MBA programs. The institute also offers a wide range of other programs, however, MBA is among the most well-known courses at JBIMS. The current cost structure is the range of INR 1.52 lakh to seven lakh for the duration of two years of the MBA program. The college accepts scores from CAT and MAH CET or MAT and ATMA. The school is in the best 10 colleges for B-schools within India with a huge number of alumni working as CEOs. The median salary for the students is approximately INR 27.63 LPA.
  Companies that apply for placements in JBIMS are McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, etc.
• Tata Institute of Management Studies (TISS), Mumbai
  TISS, Mumbai is another management school that offers top-quality MBA education for a reasonable cost. Admissions to TISS are made by TISSNET scores. TISSNET score, which is an examination which is conducted by the institute. The cost for the MBA program offered at TISS costs the equivalent of INR 1.02 Lakh and the average wage from the course of the course was the sum of INR 19.62 LPA in 2021.
  Companies like Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, Wipro and many more. provide job opportunities to MBA alumni of TISS.
• Department of Management Sciences, Pune
  Pune University Department of Management Sciences (PUMBA) is affiliated with Pune University and has course fees of INR 1.29 Lakh to INR 1.33 Lakh. The college accepts scores of exams like CAT/XAT/MAT/CET/ATMA/MAH CET for admission to various MBA courses and offers placements with an average salary of INR 7.6 LPA.
  Axis Bank, E-serve, Bee Management, ONGC, Thermax, SBI Life, etc. are some of the companies that provide placements to students who are studying at this college.
• Department of Financial Studies, Delhi University
  The institute offers admissions according to the score of the CAT exam that is administered by IIMs. The cost for pursuing the MBA at this school can be $26,000 in two terms. Department of Financial Studies is renowned for offering the highest ROI. The salary offered at this institution ranges from the equivalent of INR 13.3 LPA and the top salary was INR 26 LPA during the year 2020.
  Companies like DE Shaw, American Express, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, Ministry of Finance etc. are among the most sought-after recruiters for MBA graduates.
• Christ University, Bangalore
  Christ International (Deemed to be University) was founded in 1969. The university offers a variety of post-graduation programs. The school offers a range of MBA specializations like Business Analytics Marketing, Business Analytics, etc. Students who undertake exams like CAT/MAT/XAT/CMAT/ATMA are eligible for admission into this prestigious and premium university. The tuition for admission ranges from approximately INR 6.75 Lakh - INR 21.82 Lakh. The median salary after an interview is around 10.5 LPA. 20.5 LPA.
  AB InBev, ZS Associates, DE Shaw & Co., Bain Capability Network, Exxon Mobil, Accenture, Aditya Birla Group, Infosys, Hyundai, IBM, ICICI, KPMG, Deloitte and Dabur are among the major companies that come to the campus to conduct placements and offer lucrative salaries to graduates.
• Delhi Technical University (DTU), Delhi
  DTU offers two-year full-time MBA courses Admissions to the MBA programs are determined by the score of the CAT exam. It's a 75-year-old and boasts one of the top MBA faculty in India. This is one of the universities that provide an MBA for a very low cost that ranges from the range of INR 3.96 Lakh - INR 4.19 Lakh. The median salary here ranges from approximately 22 LPA. Companies like Google, Uber, Amazon, Facebook, Bloomberg, and many more. offer placements to DTU students who have graduated.

Aspirants who wish to pursue an MBA must first make a list of colleges that they wish to get into. They must make a decision based on their choice of specification and their budget and not be carried away with the flow. Below is a list of some other colleges along with the courses offered, that have a low fee structure.

B-school	Course Name	*Fees
International School of Management and Research- ISMR	MBA	INR 3.44 L - 6.5 L
SIMSREE, Mumbai	Post Graduate Diploma in Business Management	INR 69,000
CU - Chandigarh University	MBA Tourism and Hospitality Management	INR 57.8 K - 6.04 L
Indira Institute of Management - IIMP	MBA	INR 4.4 L - 8 L
ASM’s Institute of Business Management and Research-IBMR	MBA	INR 3 L - 6.5 L
Amity University	MBA in Agriculture and Food Business	INR 4.86 L - 20.16 L
Ambedkar University	MBA	INR 3 L
AIMS Institute of Management Studies	MBA	INR 3.95 L - 5.9 L
MIT Pune - MIT World Peace University	MBA	INR 3.5 L
DBS - Doon Business School	MBA International Business	INR 5.15 L - 9.79 L

Best MBA colleges in India with low fees without CAT

Many colleges in India offer MBA programs at a minimal cost. These courses are delivered based on entrance examinations conducted by the individual university. Here is a list of Best MBA colleges in India with low fees without CAT

No.	Name of Colleges	Fee Structure
1	Guru Gobind Singh Indraprastha University [GGSIPU]	INR 56,000
2	Bangalore University	INR 66,000 to 75,000
3	Visvesvaraya Technical University [VTU]	INR 56,000 to 65,000
4	Dr. B.R. Ambedkar University	INR 2,99,880
5	University Business School - Panjab University	INR 50,000- 96,345
6	Sydenham Institute of Management Studies, Research & Entrepreneurship Education [SIMSREE]	INR 1,36,000
7	Tata Institute of Social Sciences [TISS], Mumbai	INR 1,14,600
8	Department of Management Sciences, University of Pune [PUMBA]	INR 1,34,000
9	Jamnalal Bajaj Institute of Management Studies [JBIMS], Mumbai	INR 6,00,000
10	Pune Institute of Business Management, Pune	INR 7,95,000

Frequently Asked Questions:

Q. Which is the best college for MBA Finance in Mumbai?

Ans. ROI of Top MBA in Finance Colleges in Mumbai

Name of College	Course Fee (In INR)
SPJIMR - S.P. Jain Institute of Management and Research	17.5 L
SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education	1.34 L
NMIMS SBM Mumbai	21.9 L
ICFAI Business School (IBS), Mumbai	9.09 L

Q. Which MBA is best for finance?

Ans. QS MBA by Specialization Rankings 2019: Finance

Rank	Business School	Location
1	The Wharton School	Philadelphia (PA)
2	Harvard Business School	Cambridge (MA)
3	Columbia Business School	New York (NY)

Q. Which part-time MBA is best in Mumbai?

Ans. Top 5 Part-Time MBA Colleges in Mumbai

1. NMIMS Part-Time MBA.
2. KJ Somaiya Institute of Management.
3. Sinhgad Institute of Business Management.
4. MET Institute of Management.
5. Thakur Institute of Management Studies & Research.

Q. What is the salary of an MBA in finance?

Ans. MBA Finance fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 54.4 Lakhs with an average annual salary of ₹ 2.7 Lakhs. Salary estimates are based on 89 salaries received from MBA Finance freshers.

Q. Is ITM Navi Mumbai Good for MBA in finance?

Ans. The college was established in 1991 and is ranked ten for MBA by Outlook - ICARE 2021 for MBA. The college is accredited by NBA and is recognized by UGC, AIU, and AICTE. At the PG level, ITM Business School Navi Mumbai offers PGDM iConnect course in ten specializations.

Q. Is IIM good for Finance?

Ans. It is heartening to note that IIM Calcutta is ranked No 1 in Finance and No 2 in Economics among the top 70 global business schools that offer masters in management programme. This is a recognition of the quality of faculty, research and academic rigor that IIM Calcutta stands for.

Q. What is the salary after MBA from IIM?

Ans. The average salary package offered to candidates from top IIMs ranges from INR 20-25 lakh per annum, while salary packages of newer IIMs fall between INR 10-20 lakh per annum. The highest salary offer at the top IIMs - A, B, C has seen INR 70 lakh to INR 1 crore being offered as CTC.

Q. Can I get admission to an MBA without CAT?

Ans. Yes, there are over 50 MBA entrance exams in India out of which, about seven are conducted at the national level. Candidates can opt for CMAT, MAT, XAT, IIFT, SNAP, GMAT, and ATMA, instead of CAT.