Good MBA Colleges in Mumbai

Good MBA colleges in Mumbai - The MBA schools in Mumbai offer MBA in addition to PGDM (Postgraduate Certificate in Management) by means of Offline, Online as well as a Distance learning modes. Mumbai often referred to as the "City of Dreams" or the "Finance Capital of India" and is home to more than 260 of the top MBA schools in India.
Good MBA Colleges in Mumbai

Good MBA colleges in Mumbai

Good MBA colleges in Mumbai–  The MBA schools in Mumbai offer MBA in addition to PGDM (Postgraduate Certificate in Management) by means of Offline, Online as well as a Distance learning modes. Mumbai often referred to as the “City of Dreams” or the “Finance Capital of India” and is home to more than 260 of the top MBA schools in India. 

About 57 of the MBA schools in Mumbai 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. 

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. MBA schools located in Mumbai provide 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. The two-year program opens the door to an abundance of jobs within the corporate world.

  • In total, there are 262 MBA colleges in Mumbai Around 106 are private and eleven are MBA public colleges in Mumbai.
  • Indian Institute of Technology – IIT Bombay, National Institute of Industrial Engineering, Mumbai and S. P. Jain Institute of Management & Research are ranked 10, 12, and 19 respectively in NIRF ranking 2021.
  • Shailesh J. Mehta School of Management(SJMSOM), SPJIMR, IIT Bombay, and SBM NMIMS are some of the most prestigious schools for MBA located in Mumbai.
  • MBA admissions to the top MBA colleges in Mumbai typically take place through an entrance test known as the CAT. Many colleges are also accepting other entrance tests for management scores, such as NMAT, MAT, XAT CMAT, ATMA, MAH CET, 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 as well as ITM Institute of Hotel Management ITM Institute of Hospital Management Mumbai are among the best Hotel Management Colleges in Mumbai.
  • The cost of pursuing MBA or PGDM courses at the top MBA institutions in Mumbai could range from INR between 50,000 and 30 Lakhs annually, based on the college.
  • A few of the best MBA schools in Mumbai charge lower than INR 60,000. These include K. C. College of Management Studies K. C. College of Management StudiesMumbai, ISMS MumbaiISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
  • The top MBA schools in India provide lucrative opportunities for placement with great packages and high ROI. The average CTC is priced at 18-30 LPA.
  • Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top companies that are part of the recruitment drives provided by the best MBA schools in Mumbai.
  • SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the top colleges in Mumbai for an MBA in Finance. They are also placed among the best 10 MBA institutions in Mumbai.

Best 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

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. The 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 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 in Mumbai for a period of 2 years when working towards your MBA and the location lets you stay in touch to your city effortlessly. The constant flow of trains, metros buses, taxis flight, and auto provides you with a variety of options for commuting, both inside and outside Mumbai.
  • Social networking is an essential aspect in 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 any other city.
  • MBA colleges located in Mumbai take scores of nearly all important entrance examinations in the nation. Scores from the CATNMATCMATXATATMA, 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?

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?

Yes, almost all the MBA colleges of Mumbai offer student accommodation and hostel facility to students.

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

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

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

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

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 FeesProgramme 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 is 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 academics/work experience.

Top MBA colleges in India with Low Fee offer high RoI MBA programmes. 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 best private MBA colleges in India.

To get admission in a top MBA college with low fees, you should score high in 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 fee 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 2 year full time residential MBA or PGDM programme. 

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 20 MBA colleges in Mumbai

MBA colleges in Mumbai with fees

MBA in Mumbai is a popular course among the bachelors, and the students prefer top MBA colleges in Mumbai with low fees. But, There are a number of management colleges in Mumbai from which very few are good MBA colleges in Mumbai and some of them are best university in Mumbai for MBA such as SPJIMR, NITIE, SIMSREE SJMSOM and KJ Somaiya. This colleges are counted as top 10 MBA college in Mumbai. SIMSREE is called as the best institute for MBA in Mumbai among all the Mumbai MBA colleges. ICFAI and IIBM I business schools in Mumbai that accept admissions without entrance exams and that’s why called MBA colleges in Mumbai without entrance exam. They are also included in the list of top 10 B schools in Mumbai in top PGDM colleges in Mumbai. List of MBA colleges in Mumbai is very long and for MBA Mumbai University is termed the best. The list of government MBA colleges fees are mentioned below:-

Name of the collegeMBA Fees
Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE)INR 1,34,000
Jamnalal Bajaj Institute of Management Studies (JBIMS)INR 1,02,290
Veermata Jijabai Technological Institute [VJTI]INR 3,00,000 to INR 4,00,000
National Institute of Industrial Engineering (NIIE)INR 13,43,000
IMU Mumbai Port CampusINR 2,20,000
Shailesh J. Mehta School of Management (SJMSOMINR 8,27,000
Shreemati Nathibai Damodar Thackersey [SNDT] Women's UniversityINR 1,02,000

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

Top 30 MBA colleges in Mumbai

The list below comprises the Top 10 MBA Colleges in Mumbai | Top 10 Government MBA Colleges in Mumbai | Top MBA Colleges in Mumbai with Low Fees

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

Top MBA Colleges in Mumbai with Low Fees

The average fees for pursuing MBA courses from the top MBA colleges in Mumbai can range between INR 55,000 – 23 Lakhs per year. Listed below are the top MBA colleges in Mumbai with low fees:

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

Top MBA Colleges in Mumbai For Marketing

Marketing is one of the most-sought MBA specializations. Moreover, the sector is booming more than ever.

  • The advertising and marketing sector in India is expected to cross the $10 billion mark by the end of 2020.
  • The digital marketing sector is expected to grow at a compound annual growth rate (CAGR) of 33.5% till 2020.
  • Online marketing is also growing at a twofold-threefold rate.

Some of the top MBA colleges in Mumbai for marketing are:

  • Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)
  • S.P. Jain Global School of Management
  • Narsee Monjee Institute of Management Studies
  • ICFAI Business School

The average package in top MBA colleges in Mumbai for Marketing ranges from INR 6-8 lakh.

Top MBA Colleges in Mumbai For HR

Human Resource Management is an essential aspect of every IT industry and company. In the ever-advancing corporate world, HR managers ensure that every work is carried out sophisticatedly.

  • 72% of the companies worldwide believe that HR is an important element responsible for the proper functioning of the organization.
  • 83% of companies in South-Asia have prioritized HR tech advancements.
  • The global HR sector is expected to reach $30 billion by 2025.

Some of the top MBA colleges in Mumbai for HR are:

  • Jamnalal Bajaj Institute of Management Studies
  • Narsee Monjee Institute of Management Studies
  • Prin. L.N. Welingkar Institute of Management Development and Research
  • K. J. Somaiya Institute of Management Studies and Research

The average package in top MBA colleges in Mumbai for HR ranges from INR 5-7 lakh.

Frequently Asked Questions

1. Which is the most prestigious MBA school in Mumbai?

Ans. Below is a the list of top MBA schools in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS

  • Shailesh J. Mehta School of Management, IIT Bombay

  • National Institute of Industrial Engineering-NITIE

  • SP Jain Institute of Management and Research-SPJIMR

  • Amity Global Business School

2. Is MBA losing its value?

Ans. Because of the huge amount of students taking MBA each year, the value of the course has changed a bit however, MBA is one of the most sought-after courses by corporate recruiters.

3. Which is the best college in terms of Finance within Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has earned a reputable reputation as a result of its MBA Finance course.

4. Are you sure Amity Mumbai a good choice for MBA?

Ans. Amity Mumbai offers students world-class infrastructure as well as a sophisticated and advanced training to prepare them for an MBA course. However, the education offered at Amity Mumbai is quite costly.

5. Are SP Jain and SPJIMR the identical?

Ans. Yes they are. The full name for SPJIMR can be described as SP Jain Institute of Management and Research.

6. How do I apply for an award to study MBA?

Ans. Many institutes and institutions offer grants for MBA programs. Two best methods to receive the scholarship you want are:

  • A high score on the test for entrance.

  • A vast amount of research in a specific field.

7. Which MBA has the highest pay?

Ans. MBA Business Analytics and MBA Marketing are two of the most profitable MBA specializations.

8. Is ISB superior to IIM?

Ans. ISB and IIM both have earned themselves the title of the best management schools in India. What sets them apart is the distinction in they both require ISB Hyderabad asks for a five-year experience prior to completing the MBA. In contrast, IIMs don’t keep any requirements for such a criterion.

9. Which IIT is the most suitable for MBA?

Ans. SJMSOM-IIT Bombay has a great MBA program for students. The school has been named no. fourth in the globe according to QS World Rankings. The average CTC available is higher than INR 20 lakh.

10. Which is the best private school for MBA?

Ans. Below is a listing of some of the most prestigious private MBA schools in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS

  • SP Jain Institute of Management and Research-SPJIMR

  • Amity Global Business School

  • K J Somaiya Institute of Management Studies and Research

  • SIES College of Management Studies

11. Do I have the option of doing MBA after completing my B.Com. ?

Ans. Yes, you are able to do MBA after you have completed an B.Com. course.

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