Best MBA College in Mumbai

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
Best-MBA-College-In-Mumbai

Best MBA colleges in Mumbai

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. 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 test scores like MAT, XAT, NMAT, CMAT, ATMA, MAHCET, 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.
College NameIndia 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

Top 10 MBA Colleges in Mumbai

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

College NameAverage Fees(INR)
SPJIMR, Mumbai17,50,000
NMIMS, Mumbai19,76,000
NITIE Mumbai12,53,000
JBIMS Mumbai6,00,000
K J Somaiya Institute of Management, Mumbai14,94,000
SIES, Mumbai7,20,000
SIMSREE, Mumbai1,46,000
IESMCRC, Mumbai6,00,000
Chetana’s Institute of Management and Research6,60,000
SDA Bocconi Asia Center, Mumbai18,60,000

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of 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], MumbaiINR 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

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 are 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 2022College NameNIRF Score
9National Institute of Industrial Engineering68.84
11Shailesh J. Mehta School of Management, IIT Bombay66.24
21SPJIMR – S.P. Jain Institute of Management and Research59.51
25Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai58.14
68Welingkar Institute of Management46.76
71K J Somaiya Institute of Management46.31
102 – 125Amity University, Mumbai

Top MBA Colleges in Mumbai: India Today Ranking 2022

College NameIndia 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 Research33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)39
N L Dalmia Institute of Management Studies and Research80
Universal Business School86
IES Management College and Research Center144
Atharva Institute of Management Studies171

Top MBA Colleges in Mumbai with Low Fees

Top MBA colleges with low fees structure – The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs.

Lowest MBA Fees in India List- 

Top MBA college with Low FeesProgram Fee
Faculty of Management Studies (FMS) Delhi – University of DelhiRs. 1,94,000
Delhi School of Economics, Delhi UniversityRs. 32,000
GGSIPU, DelhiRs. 59,000
PUMBA, PuneRs. 1,34,000

Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices known to be one of the best MBA colleges in India with low fees.

Top MBA colleges with low fees are between Rs. 50,000 and Rs. 10 Lakhs for a two-year full-time residential MBA or PGDM program. The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs. 

Top MBA colleges with low fees in India that offer low-cost MBAs are affiliated with or management departments of Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To gain admission to a top MBA college with low tuition, you must perform well on an entrance exam such as the CAT/XAT/CMAT/MAH CET and have excellent academic/work experience.

Top MBA colleges in India with Low fees offer high RoI MBA programs. These Top B-schools in India offering affordable MBA include 

Top MBA colleges with Low Fees Structure (Rupees)

  1. SRM University Chennai: 5,00,000
  2. K R Mangalam University Delhi: 2,60,000
  3. Pune Business School: 5,50,000

According to the NIRF rankings and other B-School surveys, top MBA colleges in India include IIM Ahmedabad, IIM Calcutta, XLRI Jamshedpur, IIM Lucknow, IIM Indore, and others. The best MBA colleges in India provide Regular MBA, Online MBA, and Distance MBA programs. There are 4736 top MBA colleges in India, with 710 being government and 3969 being the best private MBA colleges in India.

 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 are from Rs. 50,000 to Rs. 10 Lakhs for a 2-year full-time residential MBA or PGDM program. 

Those who want to pursue an MBA should first make a list of colleges that they want to attend. They must make a decision based on their specification and budget rather than being carried away by the flow. Below is a list of Top MBA colleges with low fees structure, as well as the courses they offer.

B-schoolCourse Name*Fees
International School of Management and Research- ISMRMBAINR 3.44 L – 6.5 L 
SIMSREE, MumbaiPost Graduate Diploma in Business ManagementINR 69,000
CU – Chandigarh UniversityMBA Tourism and Hospitality ManagementINR 57.8 K – 6.04 L
Indira Institute of Management – IIMPMBAINR 4.4 L – 8 L
ASM’s Institute of Business Management and Research-IBMRMBAINR 3 L – 6.5 L 
Amity UniversityMBA in Agriculture and Food BusinessINR 4.86 L – 20.16 L 
Ambedkar UniversityMBAINR 3 L
AIMS Institute of Management StudiesMBAINR 3.95 L – 5.9 L 
MIT Pune – MIT World Peace UniversityMBAINR 3.5 L 
DBS – Doon Business SchoolMBA International BusinessINR 5.15 L – 9.79 L 
Gems B School, BangaloreCorporate MBAINR 4.8 L – 9.2 L 
Galgotias University – GUMBA Healthcare and Hospital ManagementINR 1.9 L – 4.85 L
BK School of Business ManagementMBA in Maritime ManagementINR 13,000 – 2 L
Maharishi Dayanand University (MDU)Master of Hotel Management and Catering TechnologyINR 36.5 K – 5.25 L

Top MBA Colleges in Mumbai With Fees

College NameTotal 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 ResearchINR 55,000
BITSoMINR 24,50,000
SIES College of Management StudiesINR 2,20,000
ICFAI Business SchoolINR 4,00,000

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], MumbaiINR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai INR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai INR 14,000
K J Somaiya Institute of Management, MumbaiINR 8,17,290
BSE Institute Limited – [BIL], MumbaiINR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], MumbaiINR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai INR 4,50,000
Athena School of Management, Mumbai INR 6,75,000

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 MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Why Mumbai is Good For MBA?

  • The largest trading hub in India is home to some institutions in the country, which are known for their world-class education. There isn’t IIM located in Mumbai however, it is home to numerous top-of-the-line affordable MBA schools.
  • Mumbai is the location of India’s Bombay Stock Exchange, SEBI, and a few world-class corporate headquarters. Mumbai is a popular destination to invest in new ventures for big business houses. A city is an ideal place for industry and entrepreneurship to flourish. This leads to a high percentage of employment, making it ideal for a lucrative job after the completion of your degree. With around 175 Fortune 500 companies and several startups, from cars to marketing, every major business has a presence there.
  • In spite of the fact, that Mumbai is a crowded city There are accommodations to suit everyone. Mumbai is home to an energetic infrastructure featuring lively nightlife, chic malls, luxury restaurants, historic sites, and more.
  • In addition, it is thought to be the most secure among all Indian cities. It also has a well-organized public transportation system. Connectivity is an important feature of this city’s central location. Students are required to relocate to Mumbai for a period of 2 years when working towards their MBA and the location lets you stay in touch with your city effortlessly. The constant flow of trains, metro buses, taxi flights, and auto provides you with a variety of options for commuting, both inside and outside Mumbai.
  • Social networking is an essential aspect of an MBA degree as well as a career. Mumbai is the ideal place to expand your social circle and become connected to influential and famous individuals. The bustle, hustle, and glamour of the top business schools in Mumbai will teach you how to utilize the most recent media and marketing to help you succeed in your career, unlike in any other city.
  • MBA colleges located in Mumbai take scores of nearly all important entrance examinations in the nation. Scores from the CAT, NMAT, CMAT, XAT, ATMA, MHCET GMAT, and ATMA are accepted by MBA schools in Mumbai.

People Also Ask – 

1. Which courses are provided at the MBA colleges of Mumbai?

Answer. Apart from the course MBA, the MBA colleges of Mumbai also offer various diplomas, certificates, and post-graduate diplomas in management. Degrees of MMS and MFM are also provided at the PG level.

2. Is a hostel facility available at the MBA colleges of Mumbai?

Answer. Yes, almost all the MBA colleges in Mumbai offer student accommodation and hostel facilities to students.

3. What are the different specializations offered in MBA colleges in Mumbai?

Answer. The top 7 specializations offered in MBA colleges in Mumbai are: Operations Entrepreneurship Finance Sales Marketing Business Economics Family Business Human Resources

4. Which is the best college for MBA in Mumbai based on placements?

Answer. The top 5 MBA colleges in Mumbai based on placements are: National Institute of Industrial Engineering (NITIE), Mumbai Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai SPJIMR, Mumbai KJ Somaiya Institute of Management, Mumbai NMIMS School of Business Management, Mumbai

Frequently Asked Questions

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 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.

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