Best Colleges in Mumbai for MBA in Finance 2022
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Best Colleges in Mumbai for MBA in Finance 2022

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.

 Saurav Anand 07/11/2022
Best Colleges in Mumbai for MBA in Finance 2022
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. ParametersParticularsNumber of MBA in Finance colleges in…

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.

ParametersParticulars
Number of MBA in Finance colleges in MumbaiNearly 80 colleges
Annual fees– Annual fees < INR 1 lakh: Approx. 1 per cent
– Annual fees > INR 5 lakh: Approx. 57 percent
Admission processEntrance-based

Best MBA Colleges in Mumbai for Finance Eligibility Criteria

The qualifying requirements for an MBA in Finance program vary per schools. 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.

Best MBA Colleges in Mumbai for Finance with NIRF Ranking (2021)

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 CollegeNIRF 2021 RankShiksha (Aggregate) Rating
K J Somaiya Institute of Management564.2
NMIMS School of Business Management, Mumbai4.2
SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education4
Xavier Institute of Management and Research4.4

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. 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 CollegeCourse Fee (In INR)
VIT – Vidyalankar Institute of Technology3 L
ICFAI Business School (IBS), Mumbai9.09 L
Welingkar Institute of Management11.04 L
IES’s Management College and Research Centre8 L
N.L. Dalmia Institute of Management Studies and Research11.5 L

List of Public MBA in Finance Colleges in Mumbai

Name of Public CollegeCollege Fee (In INR)
Bombay Stock Exchange Institute, Mumbai6.61 L
SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education1.34 L
Jankidevi Bajaj Institute of Management Studies – JDBIMS
Sasmira’s Institute of Management Studies and Research3.8 L

ROI Of Top MBA Colleges In Mumbai 2022:-

Return on Investment of top colleges in Mumbai is calculated by dividing the return or benefit by the cost of investment as fees. In other words, ROI pertains to what placement an aspirant gets vs what they paid for the college. Aspirants can check the list of MBA colleges in Mumbai and their course fee and average salary.

Name of the CollegeCourse Fee in RsAverage salary (in Rs LPA)
TISS, Mumbai30.33 LPA20.06 LPA
NMIMS, Mumbai30.37 LPA17.97
SJMSOM, IIT Bombay, Mumbai32.4 LPA20.8
SIMSR Mumbai28.5 LPA13.25
SIMSREE, Mumbai17 LPA10.97

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 Fees in Mumbai-

MBA fees in Mumbai is relatively higher than the fees in other states of India. MBA institutes in Mumbaisuch 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 list 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 in Mumbai University revolves around INR 8K to 4 Lacs.

Low Fees Structure For MBA In Government Colleges In India:-

Fees of MBA courses in government colleges are low. The fees in those government colleges are listed here.

CollegesAnnual Fees
Jamia Millia Islamia University, New DelhiINR 65,100
University of Delhi, Faculty of Management Studies, New DelhiINR 96,000
Institute of Management Studies, Banaras Hindu University, VaranasiINR 1,20,767
Department of Management Studies, Anna University, ChennaiINR 20,500
Pondicherry University, PondicherryINR 74,718
University of Jammu, JammuINR 78,071
Maharaja Sayajirao University of Baroda, VadodaraINR 14,500
Ganpat University, MehsanaINR 95,000
RKDF University, BhopalINR 50,000
Department of Management Science, Savitribai Phule Pune University, PuneINR 66,194

There are numerous MBA programs available in Mumbai. Fees for Government MMS/MBA colleges and other top MBA colleges in Mumbai are also quite varied. Do you know that JBIMS Mumbai has increased its fee by 200%, from Rs.2 lakhs to Rs.6 lakhs, and it is still considered low? Other top MBA colleges in Mumbai charge between 10 and 20 lakhs, which is comparable to IIMs. But don't be concerned. There are numerous good MBA colleges that charge between 5 and 10 lakhs and provide excellent education and placements. Consider the following fees for a few select B-schools:

MBA college in MumbaiFee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
SPJIMR, MumbaiRs. 19.00
NMIMS, MumbaiRs. 20.80
IIT BombayRs. 10.08
NITIE MumbaiRs. 12.58
JBIMS MumbaiRs. 6.00
K J Somaiya Institute of Management, MumbaiRs. 18.79
Prin L N Welingkar Institute of Management Development and ResearchRs. 13.00
BITS School of Management - BITSOMRs. 20.60
SDA Bocconi Asia CenterRs. 18.60
SIMSREE MumbaiRs. 1.35
SIES Navi MumbaiRs. 9.00
IBS Mumbai: ICFAI Business schoolRs. 9.09
ITM Navi MumbaiRs. 10.45
Chetana’s Institute of Management and ResearchRs. 7.85
MET MumbaiRs. 9.90
Vivekanand Business School (VBS)Rs. 8.00
IES Management College And Research Centre, MumbaiRs. 9.00
N. L. Dalmia Institute of Management Studies and Research, MumbaiRs. 8.70
Kohinoor Business SchoolRs. 6.10
DSIMS MumbaiRs. 7.25
Guru Nanak Institute of Management Studies, MumbaiRs. 7.00
Aditya School of Busines Management - ASBM MumbaiRs. 7.80
ATLAS SkillTech University MumbaiRs. 10.45

How affordable is studying MBA in Mumbai?

Based on the below pie chart, it can be estimated that pursuing MBA in Mumbai is very expensive as approximately 48% of the colleges have course/annual fees more than Rs 5 lakh. Some of these colleges are:

  • Shailesh J. Mehta School of Management, IIT Bombay
  • Indian Institute of Management, Indore – Mumbai Campus
  • ITM Business School
  • School of Management, D.Y. Patil University
  • Kohinoor Business School
  • ASM’s Institute of Management & Computer Studies
  • Vivekanand Education Society Institute of Management Studies and Research
  • CII School of Logistics, Amity University- Mumbai

The fees of around 24% colleges range between Rs 3-5 lakh. Some of these colleges are:

  • Jankidevi Bajaj Institute of Management Studies
  • Sasmira’s Institute of Management Studies and Research
  • GNVS Institute of Management
  • Sir M. Visvesvaraya Institute of Management Studies and Research
  • Garware Institute of Career Education and Development, University of Mumbai
  • Regenesys Institute of Management
  • Chetana’s Ramprasad Khandelwal Institute of Management and Research

Approximately 11% MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:

  • Sinhgad Institute of Business Management
  • ASM’s Institute of Management & Computer Studies
  • MGM Institute of Health Sciences
  • Harkisan Mehta Institute of Media, Research and Analysis
  • Rustomjee Business School
  • K. Institute of Management Studies and Research
  • Sheila Raheja School of Business Management & Research

The fees of around 11% colleges is between Rs 1-2 lakh. Some of these colleges are:

  • Sydenham Institute of Management Studies Research and Entrepreneurship Education
  • Tata Institute of Social Sciences
  • Jankidevi Bajaj Institute of Management Studies
  • National Institute of Event Management
  • Mahavir Education Trust’s Shah and Anchor Kutchhi Engineering College
  • C. Patil College of Engineering

Only around 6% MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:

  • Tata Institute of Social Sciences
  • L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Centre
  • National Institute of Event Management
  • NIBMS
  • FINPLAN – International Institute of Management
  • Institute of Business Management Studies

Why is Mumbai the most preferred city for MBA?

1. Financial and Commercial Hub

While Delhi is India's political capital, Mumbai is the country's financial and business capital. The Bombay Stock Exchange, the National Stock Exchange of India, and the SEBI all have their headquarters here. As a result, it is one of the top ten global financial transaction centers in the world. Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, and Aditya Birla Group all have corporate headquarters in Mumbai. Mumbai is also India's media, advertising, and entertainment capital.

2. MBA education hub

Finally, Mumbai is a center of education in management, technology, and related fields. In addition to MBA programs at SPJIMR, JBIMS, and NMIMS, Mumbai is home to IIT Bombay and the Tata Institute of Social Sciences (TISS).

3. MBAs have excellent job and career prospects.

Mumbai is the place to be if you want to work in the financial sector. MBAs can apply for positions in banking and finance at companies such as HDFC, Kotak Bank, ICICI Bank, and AXIS Bank. There are numerous sales and marketing jobs available in Mumbai at companies such as Unilever, P&G, Godrej, and many others. As India's media, advertising, and entertainment capital, you can apply for jobs at companies such as Star TV, Zee TV, JWT, Times of India, and many more.

MBA Colleges In Mumbai Specialization Offered 2022:-

MBA is a domain that furnishes the aspirants with many choices to do a specialization in. The aspirant can determine in which domain he/she needs to specialize in. After pursuing a specialization in a precise field, they obtain the abilities and knowledge associated to the field.

Here is the list of top specializations in MBA:-

  • 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 

MBA Colleges In Mumbai Eligibility Criteria 2022:-

The aspirants willing to pursue an MBA program, they ought to have a bachelor’s diploma with at least 50% marks or equal from a recognized board or university. 

They additionally appear for the entrance examination that is carried out by using the faculties and exclusive universities.

MBA Colleges In Mumbai Admission Process 2022:-

The admission process for MBA of each and every college is special based on their university norms and policies that they set. The admission process is based totally on both merit-list or the ratings obtained on the entrance examination that the candidate appears for. The aspirant urges to follow the recommendations of the university to get admission to the particular course. 

Mentioned beneath is the list of some of the entrance examinations that are conducted to provide admission for the course:-

  • CAT 
  • XAT 
  • MAT 
  • SNAP 
  • NMAT 
  • CMAT 
  • MAHCET

Top 10 Government MBA Colleges In Navi 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 aspirants.

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 Navi 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 of 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 Management, SJMSOM, 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 [BVCHTMS]. The IHM Mumbai, Bharati Vidyapeeth College of Hospital and Tourism Navi Mumbai ITM Institute of Hotel Management 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 [KCCMS] Mumbai, 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

Frequently Asked Questions-

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

Ans. List of Top MBA/PGDM in Finance Colleges In Mumbai based on 2022 Ranking

  • Mumbai University, Mumbai. ...
  • University of Mumbai IDOL, Mumbai. ...
  • NGASCE Mumbai, Mumbai. ...
  • NISM, Mumbai. ...
  • Jaro Education, Mumbai. ...
  • TGBS Mumbai, Mumbai. ...
  • HSNC University, Mumbai. ...
  • Uma Krishna Shetty Institute Of Management Studies & Research, Mumbai.

Q. Which MBA is best for Finance?

Ans. Here are the 2023 Best Finance MBA Programs

  • University of Pennsylvania (Wharton)
  • University of Chicago (Booth)
  • New York University (Stern)
  • Columbia University.
  • Massachusetts Institute of Technology (Sloan)
  • Stanford University.
  • Harvard University.
  • University of California, Berkeley (Haas)

Q. What is MBA salary in Mumbai?

Ans. The average salary for a MBA is ₹5,95,013 in Mumbai, India.

Q. What is MBA finance salary?

Ans. MBA Finance fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 48.0 Lakhs with an average annual salary of ₹ 2.5 Lakhs. Salary estimates are based on 120 salaries received from MBA Finance freshers.

Q. Is finance difficult in MBA?

Ans. MBA in Finance is as rigorous as any other MBA programme. However, since there is extra use of Maths and Statistics, some students may find it tougher than other specialisations.

Q. Is MBA finance job stressful?

Ans. Earning an MBA is intense, and there will be stressful moments no matter what you do. Making your MBA experience a success depends upon a thoroughly researched understanding of how your program's resources can help you achieve your professional goals.

Q. What is the fees for MBA in Mumbai University?

Ans. Mumbai University MBA Admission 2022: Eligibility, Selection & Fee

ParticularsMBA Highlights
EligibilityClass 12 with 60% and UG with 45-50% aggregate
Duration2 years
SelectionMAT, XAT, CAT, CMAT, MAH CET, ATMA, GMAT, NMAT, SNAP, SMAT
Total tuition fee*INR 8,000 - INR 7,31,000

Q. Which MBA is best in Mumbai?

Ans. Top MBA Colleges in Mumbai 2022

  • NIRF ' 22. National Institute of Industrial Engineering. ...
  • NIRF ' 22. Shailesh J. ...
  • NIRF ' 22. SPJIMR - S.P. Jain Institute of Management and Research. ...
  • NIRF ' 22. NMIMS School of Business Management, Mumbai. ...
  • NIRF ' 22. Welingkar Institute of Management. ...

Q. How does MBA cost?

Ans. MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another. MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh.

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