List of MBA Colleges in Mumbai

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.
List of MBA Colleges in Mumbai

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.

Number Of MBA Colleges In Mumbai

Mumbai, the financial and business capital of India, is additionally among the top MBA destinations in the country. Without a doubt, Mumbai is one of India’s leading MBA objective. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is likewise a center point of education in administration, technology and allied sectors. Expert of Business Administration or MBA is one of the most popular post-graduate projects in Mumbai. The two-year program is a gateway to a plethora of open positions in the corporate world.

Based on reputed rankings, among top 10 MBA colleges in Mumbai some of them are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. In the event that we expand this rundown, SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are additionally highly ranked MBA colleges in Mumbai. Every one of these administration institutes make Mumbai a preferred MBA objective. A MBA professional should have qualities like excellent communication, leadership, critical thinking, the board, research-oriented, scientific reasoning, eye for detail, objective oriented and ability to work under pressure, strong mathematical abilities, and so on.

Best MBA Colleges in Mumbai

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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

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MBA Colleges in Mumbai Highlights

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ParametersParticulars/Statistics
Number of MBA Colleges in Mumbai180 Colleges
FeesAnnual fee:
More than Rs. 5 lakh- 48%
Rs. 3-5 lakh- 24%
Rs. 2-3 lakh- 11%
Rs. 1-2 lakh- 11%
Less than Rs. 1 lakh- 6%
Top SpecialisationsFinance
Sales and Marketing
Human Resources
IT and Systems
Operations
International Business
Supply Chain
Business Analytics
Entrepreneurship
Healthcare and Hospital
Admission ProcessCAT, MAT, XAT, CMAT, ATMA, MAH CET and more.
Number of IITsOne

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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 CAT, NMAT, CMAT, XAT, ATMA, MHCET GMAT, and ATMA are accepted by MBA schools in Mumbai.

The following is a list of ‘ List of MBA Colleges in Mumbai ‘ The list is compiled based on some facts to assist prospective MBA candidates in selecting the best suitable college in accordance with their needs.Search:

S.No.MBA College NameCity
1Terna Global Business SchoolMumbai
2Vivekanand Business SchoolMumbai
3Shailesh J. Mehta School of Management, IIT BombayMumbai
4National Institute of Industrial EngineeringMumbai
5SPJIMR – S.P. Jain Institute of Management and ResearchMumbai
6SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship EducationMumbai
7CII School of Logistics, Amity University- MumbaiMumbai
8ASM’s Institute of Management and Computer StudiesMumbai
9Bombay Stock Exchange Institute, MumbaiMumbai
10NMIMS School of Business Management, MumbaiMumbai
11TISS – Tata Institute of Social Sciences, MumbaiMumbai
12University of Mumbai [MU]Mumbai
13Indian Institute of Management, Indore – Mumbai CampusMumbai
14Sasmira’s Institute of Management Studies and ResearchMumbai
15SDA Bocconi Asia CenterMumbai
16Amity University, MumbaiMumbai
17ILAM – Institute of Logistics and Aviation Management, MumbaiMumbai
18ICFAI Business School (IBS), MumbaiMumbai
19Garware Institute of Career Education and Development, University of MumbaiMumbai
20Jankidevi Bajaj Institute of Management Studies – JDBIMSMumbai
21Indian Naval Ship, HamlaMumbai
22SVIMS Business SchoolMumbai
23Durgadevi Saraf Institute of Management StudiesMumbai
24Kohinoor Management SchoolMumbai
25AIMSR – Aditya Institute of Management Studies and ResearchMumbai
26VESIM – Vivekanand Education Society Institute of Management Studies and ResearchMumbai
27GNVS Institute of ManagementMumbai
28Institute of Business Studies and Research, Navi MumbaiMumbai
29Jagdish Sheth School of Management (Formerly IFIM Business School), Vijaybhoomi UniversityMumbai
30NMIMS University, Navi MumbaiMumbai
31MET Asian Management Development CentreMumbai
32School of Management, D.Y. Patil UniversityMumbai
33ICRI – Institute of Clinical Research India, MumbaiMumbai
34National Institute of Management and Research Studies (NIMR)Mumbai
35Harkisan Mehta Institute of Media, Research and AnalysisMumbai
36Thakur Institute of Management Studies and Research – TIMSRMumbai
37Amity Global Business School, MumbaiMumbai
38Terna Engineering CollegeMumbai
39Bharati Vidyapeeth Institute of Management Studies and ResearchMumbai
40MET Institute of Post Graduate Diploma in Management (PGDM)Mumbai
41Sasmira’s Institute of Management Studies and ResearchMumbai
42Apex Institute of Management and Research (AIMR, Mumbai)Mumbai
43Terna Engineering CollegeMumbai
44Thakur Global Business SchoolMumbai
45MET Institute of Post Graduate Diploma in Management (PGDM)Mumbai
46AIMS – Atharva Institute of Management StudiesMumbai
47Shailesh J. Mehta School of Management, IIT BombayMumbai
48National Institute of Industrial EngineeringMumbai
49SPJIMR – S.P. Jain Institute of Management and ResearchMumbai
50SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship EducationMumbai
51Xavier Institute of Management and ResearchMumbai
52JBIMS – Jamnalal Bajaj Institute of Management StudiesMumbai
53VIT – Vidyalankar Institute of TechnologyMumbai
54SIES College of Management StudiesMumbai
55Welingkar Institute of ManagementMumbai
56IES’s Management College and Research CentreMumbai
57K J Somaiya Institute of ManagementMumbai
58TISS – Tata Institute of Social Sciences, MumbaiMumbai
59N.L. Dalmia Institute of Management Studies and ResearchMumbai
60BITS School of Management (BITSoM)Mumbai
61IISM – International Institute of Sports ManagementMumbai
62Rizvi Institute of Management Studies and ResearchMumbai
63Lala Lajpatrai Institute of Management (LLIM)Mumbai
64University of Mumbai [MU]Mumbai
65Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, MumbaiMumbai
66SP Jain School of Global ManagementMumbai
67MET Institute of ManagementMumbai
68Alkesh Dinesh Mody Institute for Financial and Management StudiesMumbai
69Indian Institute of Management, Indore – Mumbai CampusMumbai
70Chetana’s Ramprasad Khandelwal Institute of Management and ResearchMumbai
71ITM Business School, Navi MumbaiMumbai
72NMIMS University, MumbaiMumbai
73Chetana’s Institute of Management and ResearchMumbai
74MGM Institute of Health SciencesMumbai
75Thadomal Shahani Centre for Management – TSCFMMumbai
76IIDE – Indian Institute of Digital EducationMumbai
77Vidyalankar School of BusinessMumbai
77Center of Excellence in Analytics and Data ScienceMumbai
78AISTS – International Academy of Sport Science and TechnologyMumbai
79University of Mumbai’s, GICED – BSS FoundationMumbai
80Universal Business SchoolMumbai
81All India Institute of Local Self GovernmentMumbai
82Indira Institute of Business ManagementMumbai
83St. Francis Institute of Management and ResearchMumbai
84National Stock Exchange (NSE)Mumbai
85RICS School of Built Environment, Amity University, MumbaiMumbai
86Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning CenterMumbai
87SRBS – Sheila Raheja School of Business Management & ResearchMumbai
88Garware Institute of Career Education and Development, University of MumbaiMumbai
89GNIMS – Guru Nanak Institute of Management StudiesMumbai
90NAEMD- National Academy of Event Management and Development, MumbaiMumbai
91Pillai Institute of Management Studies and ResearchMumbai
92National Academy of Sports ManagementMumbai
93NMIMS Mukesh Patel School of Technology Management and Engineering, MumbaiMumbai
94Maratha Mandir’s Babasaheb Gawde Institute of Management StudiesMumbai
95ITM Business School, DombiviliMumbai
96Indian School of Business Management and Administration, Mira RoadMumbai
97Whistling Woods International Institute of Film, Communication and Creative ArtsMumbai
98Dr. G.D. Pol Foundation’s YMT College of ManagementMumbai
99Chhatrapati Shivaji Maharaj UniversityMumbai

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Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.Show 102550100 entriesSearch:

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

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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:Show 102550100 entriesSearch:

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

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https://www.youtube.com/watch?v=OIVvp_FETBU&t=5shttps://www.youtube.com/watch?v=ehHRoaCbb4s

MBA fees in Mumbai is relatively higher than the fees in other states of India. MBA institutes in Mumbai such as SPJIMR, and K J Somaiya are the MBA best colleges in Mumbai. The MBA institutes in Mumbai such as TISS and SIMSREE are MBA government colleges in Mumbai which are listed in the list of top 20 MBA colleges in Mumbai. There are many PGDM colleges in Mumbai that offers International placement packages. MBA colleges in Mumbai 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.

Based on reputed rankings, top 5 MBA colleges in Mumbai are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. If we broaden the list, then we can add SJMSOM IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are also highly rated MBA schools located in Mumbai. These management schools are what make Mumbai an ideal MBA destination. A successful MBA professional should have qualities that include excellent communication, leadership and problem-solving skills, as well as management analytical thinking, research-driven and eye for detail focused and able to be under pressure, strong math skills, etc.

MBA Colleges in Mumbai: Specialization Available

Mumbai is Maharashtra’s capital and the world’s sixth most populous metropolitan area. This city is changing its education systems by incorporating the most cutting-edge technologies from around the world. 

As India’s financial, economic, and entertainment hub, Mumbai attracts students from all over the country; there are numerous opportunities for management aspirants. Quality management colleges are scattered throughout the city and have cutting-edge educational infrastructure. Famous management institutes include the Narsee Monjee Institute of Management Studies (NMIMS), the S. P. Jain Institute of Management and Research, the Jamnalal Bajaj Institute of Management Studies (JBIMS), and the Tata Institute of Social Sciences (TISS).

Which are the Different Specializations Offered in MBA Colleges in Mumbai?

MBA is a field that allows candidates to specialize in a variety of areas. The candidate can choose which field he or she wants to specialize in. They gain skills and knowledge related to the field after pursuing a specialization in that field.

Given below is the list of specialization in MBA: –

  1. MBA in Marketing 
  2. MBA in Finance 
  3. MBA in General Management 
  4. MBA in International Management 
  5. MBA in Human Resource Management 
  6. MBA in Operations Management 
  7. MBA in Rural Management 
  8. MBA in Logistics Management 
  9. MBA in Information Technology 
  10. MBA in Business Management

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

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

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

There are plenty of colleges with lower fees for mba in Mumbai and There are some MBA colleges that charge a bit higher fees like SPJIMR, NMIMS 

government college of mba in Mumbai are given below along with 

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

Which is the Best College for MBA in Mumbai Based on Placements?

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.

MBA Colleges in Mumbai: Specialization Wise List

There are numerous possibilities for specializations in MBA that an applicant could pursue depending on their passion and desire to complete the program. Mumbai is called”the city with dreams” since thousands of people visit Mumbai to fulfill their goals and strive for even greater goals. Mumbai is considered to be the capital of finance in the nation. There are numerous tourist attractions in Mumbai. Mumbai has many World Heritage Sites which is visited by tourists from all over the globe. Mumbai is well-known due to the famous Vada Pav as well which people love eating whenever they visit Mumbai.

Mumbai is home to 163 MBA colleges. Candidates can choose any of the schools that appeal to their needs. It’s based on who they want to accept into the program. There are numerous institutions in Mumbai which offer the specialization of MBA.

Some of the colleges are listed below with the specialization that they provide in the course :

MBA in Marketing Management Colleges in Mumbai

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Name of the CollegeNIRF 2020 RankingCareers360
Rating
Entrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MCA CETRs. 2.47 – 14.93 lakhs
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CETRs. 1.60 lakhs
Sydenham Institute of Management Studies, Research and Entrepreneurship EducationAAACAT, CMAT and MAH MBA CET
IES Management College and Research CentreAA+MAH MBA CET, CAT and GMATRs. 1.38 lakhs
MET Institute of ManagementGMAT and MAH MBA CET

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MBA in Human Resource Management Colleges in Mumbai

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Name of the CollegeNIRF 2020 RankingCareers360
Rating
Entrance TestFees
Narsee Monjee Institute of Management Studies2433NMAT, GRE and GMATRs. 18.50 lakhs
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CETRs. 2.47 – 14.93 lakhs
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CETRs. 1.60 lakhs
St Francis Institute of Management and ResearchAACAT, XAT, GMAT, MAT CMAT and MAH MBA CET
Jankidevi Bajaj Institute of Management StudiesCAT, CMAT and MAH MBA CET

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MBA in Financial Management Colleges in Mumbai

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Name of the CollegeNIRF 2020 RankingCareers360
Rating
Entrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MCA CETRs. 2.47 – 14.93 lakhs
Sydenham Institute of Management Studies, Research and Entrepreneurship EducationAAACAT, CMAT and MAH MBA CET
Sinhgad Institute of Business ManagementMAH MBA CET

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MBA in Operations Management Colleges in Mumbai

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Name of the CollegeNIRF 2020 RankingCareers360
Rating
Entrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CET
IES Management College and Research CentreAAACAT, GMAT and MAH MBA CET
School of Management, Dr DY Patil UniversityNo Entrance TestRs. 8.40 lakhs
NMIMS School of Business ManagementNMAT

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MBA in Information Technology Colleges in Mumbai

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Name of the CollegeNIRF 2020 RankingCareers360
Rating
Entrance TestFees
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, MAT, ATMA, MAH MBA CET, CMAT and GMATRs. 1.60 lakhs
Jamnalal Bajaj Institute of Management Studies34MAH MBA CETRs. 1.53 lakhs
Thakur Institute of Management Studies and ResearchAACMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CETRs. 1.89 lakhs

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  1. Of the total of 262 MBA institutions in Mumbai around 106 are private, while 11, are MBA public colleges in Mumbai.
  2. Indian Institute of Technology – [IITIIT Mumbai, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management & Research are placed at 10, 12, and 19 in NIRF The 2021 ranking.
  3. Shailesh J. Mehta School of Management, SJMSOM SPJIMR, IIT Bombay, and SBM NMIMS are among the best colleges to pursue an MBA in Mumbai.
  4. MBA admissions to the best MBA institutions in Mumbai typically take place through an entrance exam known as the CAT. Some colleges will also accept other scores from other exams like CMAT, MAT, the NMAT ATMA MAH CET, or even GMAT and GRE.
  5. IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSIHM] Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Mumbai together with ITM Institute of Hotel Management ITM-IHM Mumbai comprise among the best Hotel Management Colleges in Mumbai.
  6. The cost of MBA or PGDM classes at the best MBA institutions in Mumbai can range between INR 500,00 to 30 Lakhs each year, based on the institution.
  7. The top MBA institutions located in Mumbai charge less than INR 60,000. are K. C. College of Management Studies [KCCMSKCCMS Mumbai, ISMS Mumbai, Mumbai University MBA as along with KJSCCETR Mumbai.
  8. The best MBA institutions in India offer lucrative employment opportunities that pay high salaries and high returns. The average CTC ranges from 18 to 30 LPA.
  9. Accenture, Amazon, Axis Bank, HCL, HDFC, etc. have been among the best companies who participate in the programs for placement provided by the top MBA colleges in Mumbai.
  10. SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the most prestigious schools in Mumbai for students to study MBA with a focus on Finance. They are among the top 10. MBA colleges in Mumbai.

MBA Colleges in Mumbai: Eligibility Criteria – 

The eligibility criteria established by various colleges are designed to ensure that admission is granted to students who are qualified for the course. The criteria vary accordingly, but the candidate must meet the eligibility criteria in order to be admitted to the course. The candidate must obtain the required marks in order to be admitted to the course. As a result, the eligibility criteria are designed to admit qualified students.

MBA Eligibility –

Candidates seeking an MBA must have a bachelor’s degree with at least 50 percent or equivalent from a recognized board or university. They also take college and university entrance exams.

MBA Colleges in Mumbai: Admission Process

Every college’s admission process is unique based on the norms and regulations that they establish. The admission process is based on either a merit list or the candidate’s performance on the entrance examination. To be admitted to the course, the candidate must follow the college’s guidelines.

The following are some of the entrance examinations that are held to grant admission to the course: 

  1. CAT 
  2. XAT 
  3. MAT 
  4. SNAP 
  5. NMAT 
  6. CMAT 
  7. MAHCET

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.Search:

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

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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:

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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

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MBA Colleges in Mumbai without Entrance Exam.

List of MBA colleges in Mumbai where entrance exam scores are not mandatory:Search:

Institute NameCourse OfferedFees (INR)
A.C Patil College of Engineering (ACPEC)MBA1.82 Lakh
Aditya Institute of Management Study and ResearchMBA/MMS7.60 Lakh
Amity Global Business School AGBS MumbaiMBA6.24 Lakh
Amity University (AU Mumbai)MBA/MMS7.44 Lakh
Anjuman-I-Islams Allana Institute of Management Study(AIAIMS)MBA/MMS1.20 Lakh
Aruna Manharlal Shah Institute of Management and Research (AMSIMR)MBA3.0 Lakh
Atharva Institute of Management studiesMBA7.68 Lakh
Athena School of ManagementMBA/MMS12.0 Lakh
BVIMSRMBA/MMS4.59 Lakh
Chetana’s Institute of Management and Research(CMIR)MBA/MMS7.50 Lakh
Chetana’s Ramprasad Khandelwal Institute of Management & Research (CRKIMR)MBA/MMS3.63 Lakh
D.Y. Patil University School of Management(DYPUSM)MBA7.80 Lakh

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Eligibility for Direct MBA Admission in Mumbai

Exams for entrance may not be included in a college’s admission requirements for admission to MBA courses or programs, however applicants must meet the minimum eligibility requirements to apply for admission to an MBA/PGDM program. If a student is not able to satisfy these requirements and requirements, they will not be eligible to apply for admission into the MBA school in Mumbai or any other part of the nation. The criteria for eligibility are as below:

  • The candidate should have graduated in the undergraduate program with a degree minimum 3 to 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 an Indian Resident.
  • All academic documents need to be valid.
  • The candidate shouldn’t be a government employee in active service.

Documents Required for Direct MBA Admission in Mumbai

Certain documents must be provided to applicants prior to when the process of applying for direct admission to any MBA college starts. These documents are required for validation and verification of a person’s credentials and personal details. The required documents for direct admission to MBA institutions that are located in Mumbai are:

  • Undergraduate Course Marksheets/Provisional Certificates
  • Class 10 and Class 12 Marksheets and Certificates
  • Identity Proof – Passport Pan Card, Aadhar Card and more.
  • Recent Photograph
  • Transfer Certificate (if required)
  • Certificate of Migration Certificate (if required)
  • Gap Year Certificate (if applicable)
  • Category Certificate (if appropriate)

Is Direct MBA Admission in Mumbai a Good Option?

The IIMs as well as other top institutes in India allow admission to students only who possess valid CAT or another MBA entrance exam result however, since every MBA candidate isn’t admitted to these institutions students may want to attend colleges that allow admission without any entrance examinations. While the quality of education and other amenities of institutions and colleges offering direct admissions may not be on par with institutions that do, they are an option for many MBA hopefuls. In addition, Mumbai being the business capital of India and, by far, being one of the sought-after destinations for higher education, especially in commerce and business and commerce, possessing an MBA from any of the reputable institutes of Mumbai is a benefit. If a student doesn’t intend to relocate to another country or to pursue an MBA program after completing graduation They can choose straight enrollment into one of the MBA college.

List of Government MBA College in Mumbai with Fees Structure 2022

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:-Show 102550100 entriesSearch:

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

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Top MBA Colleges in Mumbai: India Today Ranking 2022

Show 102550100 entriesSearch:

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

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Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:Show 102550100 entriesSearch:

Name of the CollegeAverage 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], MumbaiINR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], MumbaiINR 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], MumbaiINR 4,50,000
Athena School of Management, MumbaiINR 6,75,000

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Top MBA Colleges in 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 the 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 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 in 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, both have established themselves as the most premier management institutes in India. Which isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Where as, IIMs keep no such model.

Q8. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for the 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 after a B.Com. course.

Q11. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

Q12. How many MBA colleges are there in Mumbai?

Ans. 172 MBA Colleges in Mumbai (All)

Q13. Which is best MBA college in Mumbai?

Ans. 5 Best MBA Colleges in Mumbai

Q14. What is the fees of MBA in Mumbai colleges?

Ans. MBA Colleges in MumbaiShow 102550100 entriesSearch:

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

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Q15. 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

Q16. Which MBA gives highest salary?

Ans. Top 5 Highest-Paying MBA Concentrations

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

Q17. What is the monthly income of MBA?

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

MBA Salary in India – Breakdown of Each Specialization.Show 102550100 entriesSearch:

SpecializationAverage Salary (LPA)Range
MBA in MarketingINR 7,82,0007L-25L
MBA in Digital MarketingINR 5,50,0005L-25L
MBA in FinanceINR 7,30,0007L-22L
MBA in HRINR 5,20,0005L-8L

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Q18. 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.

Q19. 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.

Q20. 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.Show 102550100 entriesSearch:

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

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Q21. 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.

Q22. 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.

Q23. Which courses are provided at the MBA colleges of Mumbai?

Ans. Apart from the course of MBA, the MBA colleges of Mumbai also offer various diploma, certificate, and post graduate diploma in management. Degrees of MMS and MFM are also provided at the PG level.

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