Best Placement College in Mumbai for MBA

Best Placement College in Mumbai for MBA - Top 10 Best Placement College in Mumbai This includes information about educational programs, faculty, cost, location, placement, and fees. Mumbai is home to the most significant management sector in India.
Best Placement College in Mumbai for MBA

Best Placement College in Mumbai for MBA

Best Placement College in Mumbai for MBA – Top 10 Best Placement College in Mumbai This includes information about educational programs, faculty, cost, location, placement, and fees. Mumbai is home to the most significant management sector in India. 

The country has the most number of business schools. Best Placement College in Mumbai for MBA is a great place to go. They provide a nurturing environment for students in every aspect of the management industry. Students from Mumbai have the chance to work in high-paying industries.

Getting into the Best Placement College in Mumbai for MBA may provide any student with a competitive advantage. Joining MBA Colleges in Navi Mumbai is really advantageous for any student. Enrolling in MBA tutoring will increase your chances of success.

Mumbai, the capital of business and finance in India is also one of the most sought-after MBA locations in the world. In fact, Mumbai is one of India’s most sought-after MBA destinations. 

Best Placement College in Mumbai for MBA provides high-quality MBA education that is highly rated and has high levels of placement. It is also a center of learning in technology, management, and other related sectors. Master of Business Administration or MBA is among the most sought-after postgraduate programs in Mumbai. MBA in Mumbai Top Colleges – two-year program opens the door to an abundance of jobs within the corporate world.

Best Placement College in Mumbai for MBA

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

Are you looking for MBA colleges in Mumbai? The WAC’s research team has compiled a list of the Best MBA Schools in Mumbai to help you make the right choice. What is MBA?

What career path should you choose to finish your degree? This is the most difficult decision students face after college. It can be daunting to make the right decision with so many options available. Many of these options were not even known until recently. It is an important decision that can make a big difference in shaping your future. An MBA (Masters of Business Administration), is for you if you are a manager with basic management skills and can imagine yourself as the future CEO of an enterprise.

This sphere is becoming increasingly popular. This domain has been in the forefront of the financial world for decades. Do you plan to study MBA in Mumbai, India’s financial capital? Are you looking for the Best MBA Schools in Mumbai?

We’ve compiled a list of top MBA colleges in Mumbai, along with their fee structure and placements.

Top MBA colleges in Mumbai with Best Placement

Return on Investment or ROI of MBA colleges in Mumbai is the value for money derived from the course from a college. ROI can be calculated using the course fee and the average placement package of the college. The course fee is the investment made by the student and the average annual package is the predicted return from the investment made. IIT Bombay and SPJIMR are considered the top MBA colleges in Mumbai RoI-wise. The table below mentions the top-ranked MBA colleges that provide the best ROI.

Name of the CollegeCourse Fee (in INR)Average Annual Package (In INR)
Shailesh J. Mehta School of Management, IIT Bombay8.67 L21.96 LPA
Prin. L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center17.25 K8.61 LPA
SPJIMR, Mumbai17.5 L19.5 LPA
National Institute of Industrial Engineering12.53 L10.88 LPA
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai20.87 L15 LPA

People Also Ask 

1Q. What specializations are offered at Mumbai’s MBA colleges?

Ans. These are the top 7 MBA specializations in Mumbai.

  • Operation
  • Entrepreneurship
  • Finance
  • Sales and Marketing
  • Business Economics
  • Family Business
  • Human Resources

2Q. Based on placements, which college is the best for MBA in Mumbai?

Ans. Based on placements, these are the top 5 MBA schools in Mumbai

3Q. What are the job opportunities after you have completed your MBA?

Ans.Companies offer a variety of job opportunities to MBA graduates, including:

  • Financial Manager
  • Marketing Manager
  • Sales Manager
  • Manager of Human Resources
  • Operation Manager
  • Product Manager
  • Data Analytics Manager
  • Digital Marketing Manager
  • Advertising Sales Manager
  • NGO Manager

4Q. What’s the cost to study MBA in Mumbai?

Ans.An MBA program in Mumbai can be expensive. Approximately 83 percent of colleges charge fees that exceed INR 5 lakhs. These colleges include:

  • NITIE Mumbai
  • SJMSOM, IIT Bombay
  • SPJIMR, Mumbai
  • KJ Somaiya Institute of Management in Mumbai
  • NMIMS Mumbai

5Q. What are the most popular exams to get a MBA in Mumbai?

Ans.Mumbai accepts the following exams for MBA admissions: CAT, GMAT and XAT.

6Q. Do you need work experience to get into top MBA schools in Mumbai?

Ans.A bachelor’s degree without work experience is always an advantage. MBA admissions in Mumbai are not contingent on work experience. Work experience may be considered in some colleges.

7Q. How many MBA schools in Mumbai were ranked by NIRF 2021?

Ans. Mumbai boasts more than 190 MBA schools. Sixteen colleges were ranked in the NIRF 2021 survey out of all the MBA schools in Mumbai.

Best MBA Colleges in Mumbai Placements Wise

Mumbai is the epicenter of management education, technical education, and related fields. The primary goal of the institute’s placement cell is to bridge the gap between the corporate industry’s competitiveness and the brilliants present in the college. The average annual salary provided by recruiters in Mumbai MBA institutions is 17-18 lakhs.

MBA graduates can develop their management talents and know-how to effectively demonstrate their expertise with adequate training and support. The purpose of placement executives is to review job descriptions and job advertisements. Universities are linked with various companies in order to meet 100% placement objectives. Universities assist students in becoming industry-ready.


The MBA program covers all aspects of management, including accounting, marketing, finance, strategy/frameworks, human resources, organisational behavior, leadership, information technology, and more. This curriculum is intended to give you the opportunity to expand your knowledge, create opportunities for practical work (internships and research, projects & workshops), to increase both hard and soft skills, as well as open up new career possibilities.

Growing Demand for MBAs

  • Over the years, management education has seen a rapid increase in demand. It is clear that the MBA is the most sought-after degree in the country. The latest QUACQUARELLI SYSMONDS (QS), survey found that India saw a 10% increase in the number of new management graduates from the Asia-Pacific region. A major increase was also noted in the salaries.
  • The wide range of career opportunities and perks such as high salaries and great designations, among others. More students are looking for a MBA to help them achieve their goals. Globally, there is a greater demand for managerial talent. Leading MNCs and niche consulting firms are looking for brilliant minds with MBA credentials.

MBA Options in India VS Abroad

  • The academic rigor and basic format of the highly regarded B-Schools around the world follow a more or less similar pattern. There are however some significant differences between Indian and overseas programs. Although good MBA programs are generally expensive, they are often more expensive and require you to borrow a lot.
  • A 2-year Indian MBA program is available, while one at a foreign university takes only half as long (1 year). There are also differences in the admission process. Entrance exams such as SNAP, XAT and IIFT must be passed by applicants. To be accepted into a top-tier college or university in India, you must pass the entrance exams with flying colors. To obtain a degree at a foreign university, however, you will need a high GRE score and GMAT score, as well as a stellar academic record.
  • A foreign MBA is a great option for those who are interested in a job abroad. It helps you understand international business concepts. There are many other benefits, such as a diverse student population and endless networking opportunities. The most important difference is the pay packages. Due to the Indian rupee’s depreciating, the post-degree salary for a foreign MBA is likely to be higher than that of its Indian counterpart.

Types of MBA

Many options are available to study for an MBA in India. There are two options for an MBA education in India. One is the traditional two-year program. The other option is a part-time or executive MBA program. Let’s take a look at the different types of courses and see what they offer.

Full-time MBA The most sought-after program is a full-time MBA. This is why it is often recommended for new graduates. This program is also a preferred option for candidates who have worked in the field and are looking to change careers. The regular MBA requires complete attendance and consists of a detailed syllabus. As such, aspirants can’t take on a job while they study.

Part-Time MBA Part-time programs are ideal for professionals who work. The classes are only held on weekends and weekday evenings so that you can earn the degree while working full-time.

Executive MBA Executive MBA is the third option. This program is for managers with more than 8-10 years of managerial experience. Although it is more flexible than the 2-year program, this program requires extensive study. Aspirants will need to take in extra study (10-20 hours) each week.

List of 10 Best MBA Colleges in Mumbai | Best Placement College in Mumbai for MBA 

1. Jamnalal Bajaj Institute of Management Studies

The Jamnalal Bajaj Institute of Management Studies (JBIMS), founded after the famed businessman and philanthropist Jamnalal Bajaj, is one of Mumbai’s best MBA colleges. It is one of Mumbai’s pioneering institutions, founded in 1965 by the University of Mumbai in collaboration with Stanford University. JBIMS, often known as a ‘CEO’s factory,’ has a strong alumni network that serves as a source of motivation for students.

Placement JBIMS placements are on par with those of India’s premier IIMs. The whole class of 130 students landed incredibly rewarding employment for the 2016-2018 school year. The maximum annual pay given was 30 lakhs, while the average compensation was 18.91 lakhs.

The campus placements were attended by 69 firms. Top recruiters included BFSI, FMCG, and pharmaceuticals. Manufacturing, Telecom, Auto, Conglomerates, Consulting, E-commerce, and the IT area also had some fantastic career opportunities.

2. SP Jain Institute of Management & Research

The SP Jain Institute of Management and Research (SPJIMR) is a well-known name in management education. By 1994-1995, the private-run institution had risen to the coveted list of India’s top 10 business schools, a position it has held ever since. SPJIMR is known for its distinctive pedagogical style, innovative programs, and emphasis on values. The college’s placement in the center of the financial capital facilitates industry exposure.

Placements The college’s recruitment campaigns are superb, with plenty of career opportunities. The average starting pay for the Class of 2018 was Rs.21.25 lakh, up from Rs.20 lakh the year before. A large portion of the cohort received offers in excess of Rs.17 lakh. Boston Consulting Group, HUL, Amazon, GE, Axis Bank, Tata Administrative Services, P&G, Axis Bank, and AstraZeneca were among the top recruiters.

3. Narsee Monjee Institute of Management Studies

NMIMS was founded as part of Mumbai University in 1981 and was granted Deemed University status by the Government of India in 2003. For students pursuing an MBA, the college is a popular educational option. NMIMS has established an amazing reputation in just 36 years. It is among the top ten business schools in the country. Another feather in its cap is an A grade rating and NAAC certification with a 3.59 CGPA. Because of its advantageous position in the financial capital, NMIMS has maintained close links with industry, high-profile MNCs, and prominent personalities.

Placements This season, NMIMS had a significant success in terms of final placements. The highest income earned by the class of 2018 (HR) was Rs.18 lakh per year, with an average pay of roughly 14 lakh.

Approximately 46% of the batch acquired PPOs and PPIs. Among those that visited the campus were Goldman Sachs, GE, Microsoft, ITC, L’Oreal, Asian Paints, HUL, Deloitte, ICICI, Flipkart, and Aditya Birla Group. Jumbo Electronics and Square Yards both provided international placements.

4. National Institute of Industrial Engineering

NITIE, founded in 1963, is one of the country’s premier business schools. It is widely regarded as the “Mecca of Supply Chain” and is one of the most prestigious universities for pursuing a career in Supply Chain & Operational management. NITIE has a large alumni base comprised of accomplished professionals and start-up entrepreneurs, with a heritage of more than 50 years in the industry. There’s even more! The Ministry of HRD has named NITIE one of the top 15 centers of excellence, with IISC, 6 IIMs, and 7 IITs.

Placements NITIE has an excellent placement record. In the recent recruitment drive, the entire batch of 2018 bagged good jobs. The highest domestic salary was Rs.46.50 per annum while the average pay package stood at Rs.18.45.

 The college hosted 132 niche companies from various domains like industries, manufacturing BSFI, IT, consulting, and FMCG. Some of the top recruiters included Accenture, Amazon, Yes Bank, Colgate, Deloitte, KPMG, Nestle, Hindustan Unilever, P&G, Marico, and Price Waterhouse Cooper amongst others.

5. K.J. Somaiya Institute of Management

The private-run institution, founded in 1981 as part of Somaiya Vidyavihar, has emerged as one of Mumbai’s best MBA institutes. It has produced excellent managers who hold important positions in a variety of sectors all across the world. Set on 60 acres, the medium-sized campus is stunning, full with greenery, trees, gardens, and world-class infrastructure. SIMSR was named a ‘Super League 2 B-School’ for the second time in a row by Business Standard (2015, 2016 & 2017). It was also ranked 10th among Private B-Schools by Education World in 2017. Bureau Veritas has also certified the company with ISO 9001:2008 and ISO 29990:2010.

Placements SIMSR has a strong track record of placements. The campus Training & Placement Cell (TPC) assists students in obtaining lucrative employment and internships. In 2017-18, the institution had a successful placement season, with 175 firms from various industries participating. The highest annual compensation was Rs.30.00 lakh, and the average was Rs.9.87 lakh.

6. Sydenham Institute of Management | MBA College in Mumbai

SIMSREE, a top MBA College in Navi Mumbai, was founded in 1983 and offers academic excellence. In its more than 30 years of existence, the college that lives by the phrase “Work conquers everything” has shown amazing development in this competitive arena and is acclaimed for its efforts. SIMSREE’s strong business linkage, prominent alumni base, rating among the best MBA institutions in Mumbai, and awards/certifications demonstrate its dedication to providing a complete and fulfilling learning experience.

Placements The Placement Committee is in charge of the recruiting process (a student body). The Committee is resourceful and goes above and beyond to link students with large corporations in order to help them obtain lucrative employment and internships. The MBA college has an outstanding year-over-year (100 percent) placement record

7. Tata Institute of Social Science

It comes as no surprise that TISS has been named one of the top ten MBA institutes in Mumbai. TISS, founded in 1936 as the Sir Dorabji Tata Graduate School of Social Work, has a spotless reputation and a long record of academic distinction in the field of education. TISS’s knowledge-based MBA programs are among the best in the world. They are meticulously intended to train young brains with leadership abilities for the difficulties of the modern commercial world.

Placements A TISS degree is undoubtedly advantageous. You will almost certainly obtain a decent managerial position with a good salary. The placement cell is incredibly resourceful, and it is controlled by the student body with excellent advice from the teachers. It arranges seminars and conferences to bring together notable persons and students for interaction on the same platform.

TISS had a fantastic placement season across its MBA program. In 2018, the highest salary was Rs.27 lakh, while the average was Rs.18.77 lakh. Among the many popular recruiters are Bajaj Auto, L&T, HUL, Reliance Industries, Citi Bank, Accenture, Ola, and Cipla.

8. L.N. Welingkar Institute of Management Development

Welingkar Institute of Management Development (WeSchool) is frequently ranked among the top 30 educational institutions in India. It was founded in 1977 and is part of the prestigious Shikshana Prasaraka Mandali, which includes 43 institutions. The institution focuses on providing students with the necessary skills and information to thrive in today’s ever-changing business world. WeSchool has a broad number of accomplishments to its name. The “AICTE-CII National Award for Best College for Industry College Linkage 2015” is the most recent.

Placements The Career Management Center (CMC) is critical in assisting students in making informed job decisions. It hosts seminars and job fairs to facilitate relationships between students and potential employers. The placements are adequate.

The biggest package for 2017 was 13.5 lakhs (domestic), with an annual average of roughly 7-8 lakhs. Many students have been placed by companies such as KPMG, JK Industries, HDFC Bank, NDTV, Asian Paints, UBS Bank, Crisil, Big FM, ITC Group, UB Group, and HCL Technologies.

9. Shailesh J.Mehta School of Management |MBA College in Mumbai

Another popular choice for prospective managers in Mumbai is the Shailesh J. Mehta School of Management. The institution, which first opened its doors in 1995, is part of the Indian College of Technology, Bombay (IITB). Despite being a relatively recent player in this field, it has established an outstanding reputation for generating exceptional management skills. Furthermore, the SJMSOM campus is stunning, with world-class facilities, exceptional teachers, small batches, a strong alumni network, and much more. The school was ranked fifth in the National Institutional Ranking Framework Management (2018) and sixteenth in Outlook India’s Top 100 Management Schools poll (2017).

Placements With each passing year, the recruiting situation at SJMSOM improves. Students are receiving nice packages from specialist firms in a variety of categories. The average income for the 2018 batch was roughly Rs.17.00 lakhs, with a maximum salary of Rs.28 lakhs per year granted. SAP, Siemens, Whirlpool, P&G, Nestle, Asian Paints, Mondelez, J&J, and other renowned recruiters have visited the campus.

10. SIES College of Management Studies

This is another popular option for those looking for a top-tier MBA institution in Mumbai. The institution was founded in 1995 with the goal of preparing the next generation of business leaders with management and analytical abilities for future success. The institution is ranked among the top MBA colleges in Mumbai because to its prominent teachers, cutting-edge facilities, tight links with industry leaders, and good academics. SIESCOMS also has various national and international accreditations to its name.

Placements The college’s placement record is quite high, with over 70-75 percent of students receiving good pay packages. The recruiting committee works hard to assist students find high-paying careers in appropriate fields. The current season, which included 130 specialty enterprises, was outstanding. The highest pay awarded to the 2018 batch was Rs.17.50 lakh per annum, with an average of Rs.6.81 lakh.

below we have Mentioned all the details following MBA colleges in Mumbai without entrance exam |  List of Government MBA colleges in Mumbai with fees structure | Top 100 MBA colleges in Mumbai | and Direct exam, etc. 


Q. Is Mumbai Good for MBA?

Indeed, Mumbai is one of India’s leading MBA destination. Based on reputed Rankings, Top 5 MBA colleges in Mumbai are JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai and NITIE Mumbai.

MBA colleges in Mumbai without entrance exam – College graduates are eager to gain admission to the MBA course due to the lucrative job prospects it provides. About 6,00,00 students are taking the best MBA programs in India Admissions to the MBA courses are made through a strict procedure.

Admission to MBA straight without an entrance exam is an excellent option for candidates who wish to pursue a career in the field and would prefer not to take part in MBA examination preparation.

There are 651 private and 3861 public MBA schools in India and admissions into which the majority of applicants pass entrance tests like tests like CAT, MAT, and XAT. But, some colleges offer admissions directly to MBA admittance with no entrance test.

Students who don’t choose to take entrance exams like CAT or OPENMAT, etc.can take up careers in management at private institutions.

Q. Which MBA college gives best placement in Mumbai?

The top 5 MBA colleges in Mumbai based on placements are

  • the 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.

Top MBA Colleges Offering Direct MBA Admission Without Entrance Exams

To help MBA aspirants to locate and choose the MBA college offering direct MBA admission without entrance exam, a list of such institutes/universities with the fee is given below.

MBA CollegeFees
School of Inspired Leadership – SOIL, GurgaonINR 12,50,000-16,50,000
Regenesys Institute of Management MumbaiINR 16,00,000
Amity Global B-school School (Amity University) in Delhi NCR, Bangalore, Pune, Mumbai and many other locationsINR 3,75,000-7,00,000
CII School of Logistics, Amity University, NoidaINR 8,61,000
Birla Global University, BhubaneswarINR 7,50,000
UPES School of Business, UPES University, DehradunINR 13,34,000
O P Jindal Global UniversityINR 11,00,000
School of Management and Entrepreneurship, Shiv Nadar University, Greater NoidaINR 10,000,00
GIBS BangaloreINR 5,50,000
IIBS BangaloreINR 7,00,000
Mody University School of BusinessINR 6,00,000-9,00,000

 Eligibility to Direct MBA Admission in Mumbai  – MBA colleges in Navi Mumbai: Top MBA colleges in Mumbai shortlist and offer admission to their flagship MBA/PGDM programmes on the basis of the Entrance exams. As discussed in the article we have also covered details about the MBA fees in mumbai

Admission tests may not be included in a college’s admission requirements for admission to MBA courses, but applicants must meet the minimum requirements for eligibility to apply for admission to an MBA or PGDM course. If a student doesn’t meet the eligibility criteria then they won’t be eligible to apply for admission at the MBA institution in Mumbai or elsewhere in the nation. 

The criteria for eligibility are as the following:

  • The candidate must be a graduate in the undergraduate program with a degree at least 3-4 years.
  • Students who are in their final year of school are qualified.
  • A minimum of 50% marks for the UG course is required.
  • The applicant should have is an Indian Resident.
  • All academic papers must be valid.
  • The candidate must not be an active employee of the government.

Documents required to be submitted for Direct MBA Admission in Mumbai

Certain documents must be provided to candidates prior to the process of applying for direct admission to any MBA college starts. These documents are required for validation and verification of the candidate’s credentials and personal details. The required documents for direct admission into MBA institutions for admission to MBA colleges in Mumbai are:

  • Undergraduate Course Marksheets/Provisional Certificates
  • The Class 10, Class 12, and 12 marksheets as well as Certificates
  • Identity Proof – Passport Pan Card, Aadhar Card, etc.
  • Recent Photo
  • Transfer Certificate (if required)
  • Certificate of Migration Certificate (if required)
  • Gap Year Certificate (if applicable)
  • Category Certificate (if relevant)

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 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 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 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 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 25 MBA Colleges in Mumbai:

Several renowned management institutions are located in Mumbai. The best colleges in Mumbai assist students in developing academic and management abilities as well as providing outstanding professional opportunities. The table below provides an overview of the best MBA colleges in Mumbai listed in no specific order.

Name of the InstitutionEntrance Exam AcceptedFees
Shailesh J. Mehta School of Management, IIT BombayCAT₹8.27 L – 15.21
National Institute of Industrial EngineeringCAT, GATENot Prescribed
S.P. Jain Institute of Management and ResearchCAT, GMAT₹17.5 L
Sydenham Institute of Management Studies Research and Entrepreneurship EducationCMAT, CAT₹69 K
ITM Business SchoolMAH CET, CMAT, CAT₹10.45 L
SDA Bocconi Asia CenterCAT/NMAT₹18.6 L
Xavier Institute of Management and ResearchMAH CET, CMAT₹5.2 L
JBIMS – Jamnalal Bajaj Institute of Management Studies₹7 L
VIT – Vidyalankar Institute of TechnologyMAH CET, CMAT₹3.07 L
School of Management, D.Y. Patil UniversityCAT/NMAT₹8.4 L
Vivekanand Business SchoolMAH CET, CMAT₹8 L
NMIMS Deemed to be University – Navi Mumbai CampusNMAT, NPAT₹15.07 L – 16.54
SIES College of Management StudiesCMAT, CAT₹5.2 L – 7 L
K. J. Somaiya Institute of ManagementCMAT, CAT₹18.78 L
Bharati Vidyapeeth Institute of Management Studies and ResearchMAH CET, CAT₹4 L
TISS – Tata Institute of Social Sciences, MumbaiCAT/NMAT/ATMA₹40.6 L
Vidyalankar School of Business₹6.5 L
NMIMS School of Business Management, Mumbai₹12.05 L – 14.05 L
GNVS Institute of ManagementMAH CET, CMAT₹3.5 L ₹
BITS School of Management (BITSoM)CAT, GMAT₹24.5 L
Welingkar Institute of Management₹94.4 K
Chetana’s Ramprasad Khandelwal Institute of Management and ResearchMAH CET, CMAT₹4 L
National Institute of Management and Research StudiesMAH CET, CMAT₹5 L
GNIMS Business SchoolCAT/NMAT₹6.8 L – 7 L
Lala Lajpatrai Institute of Management (LLIM)MAH CET, CMAT₹3.2 L
Amity University, Mumbai₹5 L – 12 L

MBA colleges in mumbai with low fees

For MBA aspirants looking to pursue their MBA course, Mumbai and Navi Mumbai provide good MBA options. Some MBA colleges charge slightly higher fees, such as SPJIMR and NMIMS, while others, such as SIMSREE and other Mumbai University MBA colleges, charge significantly lower fees.

MBA Colleges in Mumbai with less than Rs. 5 lakh fee:

Institute NameFees (In Rs lakhs)
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education1.36
BVIMSR Mumbai: Bharati Vidyapeeth`s Institute of Management Studies & Research4.9

Frequently Asked Questions

1. How many MBA colleges are there in Mumbai?

Ans. 172 MBA Colleges in Mumbai (All)

2. Which is best MBA college in Mumbai?

Ans. 5 Best MBA Colleges in Mumbai

  • JBIMS (Jamnalal Bajaj Institute of Management Studies)
  • SPJIMR (SP Jain Institute of Management and Research)
  • NMIMS (Narsee Monjee Institute of Management Studies)
  • NITIE (National Institute of Industrial Engineering)
  • SJMSOM, (Shailesh J Mehta School of Management- IIT BOMBAY)

3. What is the fees of MBA in Mumbai colleges?

Ans. MBA Colleges in Mumbai

MBA college in MumbaiFee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
SPJIMR, Mumbai17.5
NMIMS, Mumbai19.76
NITIE Mumbai12.53
JBIMS Mumbai6

4. Which MBA course is best?

Ans. Here is a list of the best MBA specializations in demand in 2021 and post COVID that you can choose from.

  • MBA in Data Analytics. …
  • MBA in Entrepreneurship
  • MBA in Finance
  • MBA in Strategy
  • MBA in International Business
  • MBA in Human Resource Management
  • MBA in Risk Management
  • MBA in Operations

5. Which MBA gives highest salary?

Ans. Top 5 Highest-Paying MBA Concentrations

  1. Management.
  2. Entrepreneurship.
  3. Finance.
  4. Marketing.
  5. Information Technology.

6. What is the monthly income of MBA?

Ans. The average MBA salary in India per annum is Rs. 4,50,000 when starting out.

SpecializationAverage Salary (LPA) Range
MBA in MarketingINR 7,82,000 7L-25L
MBA in Digital MarketingINR 5,50,000 5L-25L
MBA in FinanceINR 7,30,000 7L-22L
MBA in HRINR 5,20,000 5L-8L

7. Does an MBA guarantee a good job?

Ans. An MBA might help in getting a job interview, but it will not guarantee the applicant will land that job. On the other hand, people with work experience looking to give their career a boost can open avenues for growth and promotion with a part-time or EMBA program. Graduating with an MBA can earn you a higher salary.

8. Is Cat compulsory for MBA?

Ans. No, CAT or CMAT exam is not compulsory for MBA. There are a host of other MBA entrance exams similar/euivalent to CAT like XAT. Several institutes have their own entrance exams like NMAT for NMIMS, TISS, SNAP for Symbiosis, IIFT, CET for Maharashtra institutes, MICA, etc.

9. Which MBA has highest salary in India?

Ans. List of MBA Highest Salary Offered Based on Specialization.

Highest Salary Paid for MBA Graduates in India.

MBA SpecializationAverage Salary
MBA Information TechnologyINR 10K- 6 LPA
MBA Logistics ManagementINR 6.25- 8.50 LPA
MBA in FinanceINR 2- 14.70 LPA
MBA in HRINR 4.50- 15.50 LPA

10. Is MBA hard to study?

Ans. MBAs are challenging but not difficult to graduate. Many potential students ask if an MBA is too difficult for an average student. The easy answer is “most likely not”. But, as you’ll probably learn during your MBA, your attitude makes up over 50% of your professional success, anyway.

11. Which MBA is best for CEO?

Ans. Among MBA concentrations that power future CEOs’ journey to the top are finance, marketing, public policy, information technology, environment sustainability, and health administration.

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