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Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the "City of Dreams" or the "Money Capital of India" is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. Best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning.
- There are 262 MBA colleges in Mumbai, of which 106 are private and 11 are MBA government colleges in Mumbai.
- Indian Institute of Technology - [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management and Research are ranked 10, 12, and 19 individually by NIRF Ranking 2021.
- Shailesh J. Mehta School of Management-[SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are the absolute best colleges for MBA in Mumbai.
- MBA admissions into the best MBA Colleges in Mumbai are for the most part finished through an entrance test called CAT. Anyway numerous colleges additionally acknowledge other administration entrance test scores like MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even GMAT and GRE.
- IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies - [BVCHTMS] Navi Mumbai, and ITM Institute of Hotel Management - [ITM-IHM] Mumbai are the absolute Best Hotel Management Colleges in Mumbai.
- The average fees for seeking after MBA/PGDM courses from the top MBA colleges in Mumbai can run between INR 50,000 to 30 Lakhs each year relying on the colleges.
- A portion of the top MBA colleges in Mumbai with fees not as much as INR 60,000 incorporate K. C. College of Management Studies - [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
- The best MBA colleges in India offer worthwhile placement opportunities with high bundles and great ROI. The average CTC is offered at INR 18-30 LPA.
- Accenture, Amazon, Axis Bank, HCL, HDFC, and so on are a portion of the first class organizations that take part in the placement drives offered by the top MBA colleges in Mumbai.
- SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the main 10 MBA colleges in Mumbai.
Top 10 MBA Colleges in Mumbai
Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.
| College Name | Average Fees(INR) |
|---|---|
| SPJIMR, Mumbai | 17,50,000 |
| NMIMS, Mumbai | 19,76,000 |
| NITIE Mumbai | 12,53,000 |
| JBIMS Mumbai | 6,00,000 |
| K J Somaiya Institute of Management, Mumbai | 14,94,000 |
| SIES, Mumbai | 7,20,000 |
| SIMSREE, Mumbai | 1,46,000 |
| IESMCRC, Mumbai | 6,00,000 |
| Chetana’s Institute of Management and Research | 6,60,000 |
| SDA Bocconi Asia Center, Mumbai | 18,60,000 |
Top 10 Government MBA Colleges in Mumbai
Tabulated below is the list of top 10 MBA colleges in Mumbai along with their average annual fees:
| Name of the College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 6,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Thakur Global Business School - [TGBS], Mumbai | INR 4,80,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
Top MBA Colleges in Mumbai: Ranking
Rankings of the top colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.
A portion of the top agencies in India delivering such records are NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.
Top MBA Colleges in Mumbai: NIRF Ranking 2022
NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.
National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten ninth position in India by the national ranking office in 2022.
Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.
| NIRF Ranking 2022 | College Name | NIRF Score |
|---|---|---|
| 9 | National Institute of Industrial Engineering | 68.84 |
| 11 | Shailesh J. Mehta School of Management, IIT Bombay | 66.24 |
| 21 | SPJIMR - S.P. Jain Institute of Management and Research | 59.51 |
| 25 | Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai | 58.14 |
| 68 | Welingkar Institute of Management | 46.76 |
| 71 | K J Somaiya Institute of Management | 46.31 |
| 102 - 125 | Amity University, Mumbai | - |
Top MBA Colleges in Mumbai: India Today Ranking 2022
Top MBA Colleges in Mumbai with Low Fees
The average fees for chasing after MBA courses from the top MBA colleges in Mumbai can go between INR 55,000 - 23 Lakhs each year. Listed below are the top MBA colleges in Mumbai with low fees:
| Name of the College | Average Annual Fees |
|---|---|
| K. C. College of Management Studies - [KCCMS], Mumbai | INR 45,000 |
| Indian School of Management & Studies - [ISMS], Mumbai | INR 44,090 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai | INR 36,250 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| National Academy of Management Studies - [NAMS], Mumbai | INR 25,000 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| University of Mumbai, Institute of Distance & Open Learning - [IDOL], Mumbai | INR 17,625 |
| SNDT Women's University, Centre of Distance Education - [SNDT CDE], Mumbai | INR 15,800 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
Top MBA Colleges in Mumbai Cutoff
Various colleges concede students on various basis like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT score, and furthermore give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.
| Top MBA Colleges in Mumbai | MBA Cutoff |
|---|---|
| SJMSOM IIT Bombay | 90 (CAT) |
| SP Jain (SPJIMR) | 92 (CAT) |
| Narsee Monjee (NMIMS) | 209 (NMAT) |
| KJ Somaiya | 86 (CAT) |
| Welingkar (WeSchool) Mumbai | 80 (CAT) |
| NITIE Mumbai | 90 (CAT) |
| SIMSREE Mumbai | 144 (MAHCET) |
Top MBA Colleges in Mumbai With Fees
| College Name | Total Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM) | INR 4,24,000 |
| National Institute of Industrial Engineering (NITIE) | INR 3,50,000 |
| S P Jain Institute of Management and Research (SPJIMR) | INR 15,00,000 |
| K J Somaiya Institute of Management Studies and Research (SIMSR) | INR 3,33,000 |
| Narsee Monjee Institute of Management Studies (NMIMS) | INR 9,25,000 |
| Prin. L.N. Welingkar Institute of Management Development and Research | INR 55,000 |
| BITSoM | INR 24,50,000 |
| SIES College of Management Studies | INR 2,20,000 |
| ICFAI Business School | INR 4,00,000 |
Top MBA Colleges in Mumbai Accepting CMAT
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:
| Name of the College | Average Annual Fees |
|---|---|
| Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai | - |
| Rustomjee Business School - [RBS], Mumbai | INR 1,75,000 |
| Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai | INR 81,000 |
| Tata Institute of Social Sciences - [TISS], Mumbai | INR 1,00,000 |
| Thadomal Shahani Centre For Management - [TSCFM], Mumbai | INR 14,000 |
| K J Somaiya Institute of Management, Mumbai | INR 8,17,290 |
| BSE Institute Limited - [BIL], Mumbai | INR 5,60,000 |
| N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai | INR 5,75,000 |
| SIES School of Business Studies - [SIES SBS], Mumbai | INR 4,50,000 |
| Athena School of Management, Mumbai | INR 6,75,000 |
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.
Q2. 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.
Q3. Is SP Jain and SPJIMR the equivalent?
Ans. Indeed, they are. The full type of SPJIMR is SP Jain Institute of Management and Research.
Q4. 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.
Q5. Which MBA gives the highest compensation?
Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.
Q6. 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.
Q7. 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.
Q8. 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
Q9. 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.
Q10. Does SP Jain have HR?
Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.
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