MBA Course Fees In Mumbai 2022

MBA Course Fees In Mumbai 2022

Top MBA colleges in Mumbai and Best MBA colleges in Mumbai includes best private MBA colleges in Mumbai and best government MBA colleges in Mumbai. SPJIMR is always listed in the list of best colleges for MBA in Mumbai. There are number of colleges in Mumbai, but some them that are SPJIMR, NITIE, SIMSREE, SJMSOM and K J Somaiya are the top 5 MBA colleges in Mumbai.

IIT Bombay comes on the number one place of top 10 government MBA colleges in Mumbai. The MBA colleges in Mumbai with low fees are government MBA colleges in Maharashtra. The MBA colleges in Maharashtra with low fees are government MBA colleges in Maharashtra such as SIMSREE, SJMSOM and others. Some other top MBA colleges in Mumbai are KJ Somaiya, NIMMS and NITIE.

MBA fees in Mumbai is relatively higher than the fees in other states of India. MBA institutes in Mumbaisuch 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.

ITM business school, which is located in Kharghar is known as the educational hub of Navi Mumbai – a destination for many reputed colleges and universities. In 1991, the first fully functional and autonomous ITM campus was founded in Kharghar to deliver business management education. The campus is located close to the Sion-Panvel Expressway and the railway station for easy accessibility by students.

ITM full form institute for technology & management Navi Mumbai, Kharghar campus; it has all the modern facilities befitting to a world-class institution delivering business education. With a range of pedagogical, curricular, and extracurricular activities and the resources available, the campus offers a conducive environment for each student to experience holistic development.

Low Fees Structure For MBA In Government Colleges In India:-

Fees of MBA courses in government colleges are low. The fees in those government colleges are listed here.

Colleges	Annual Fees
Jamia Millia Islamia University, New Delhi	INR 65,100
University of Delhi, Faculty of Management Studies, New Delhi	INR 96,000
Institute of Management Studies, Banaras Hindu University, Varanasi	INR 1,20,767
Department of Management Studies, Anna University, Chennai	INR 20,500
Pondicherry University, Pondicherry	INR 74,718
University of Jammu, Jammu	INR 78,071
Maharaja Sayajirao University of Baroda, Vadodara	INR 14,500
Ganpat University, Mehsana	INR 95,000
RKDF University, Bhopal	INR 50,000
Department of Management Science, Savitribai Phule Pune University, Pune	INR 66,194

How affordable is studying MBA in Mumbai?

Based on the below pie chart, it can be estimated that pursuing MBA in Mumbai is very expensive as approximately 48% of the colleges have course/annual fees more than Rs 5 lakh. Some of these colleges are:

• Shailesh J. Mehta School of Management, IIT Bombay
• Indian Institute of Management, Indore - Mumbai Campus
• ITM Business School
• School of Management, D.Y. Patil University
• Kohinoor Business School
• ASM's Institute of Management & Computer Studies
• Vivekanand Education Society Institute of Management Studies and Research
• CII School of Logistics, Amity University- Mumbai

The fees of around 24% colleges range between Rs 3-5 lakh. Some of these colleges are:

• Jankidevi Bajaj Institute of Management Studies
• Sasmira's Institute of Management Studies and Research
• GNVS Institute of Management
• Sir M. Visvesvaraya Institute of Management Studies and Research
• Garware Institute of Career Education and Development, University of Mumbai
• Regenesys Institute of Management
• Chetana's Ramprasad Khandelwal Institute of Management and Research

Approximately 11% MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:

• Sinhgad Institute of Business Management
• ASM's Institute of Management & Computer Studies
• MGM Institute of Health Sciences
• Harkisan Mehta Institute of Media, Research and Analysis
• Rustomjee Business School
• K. Institute of Management Studies and Research
• Sheila Raheja School of Business Management & Research

The fees of around 11% colleges is between Rs 1-2 lakh. Some of these colleges are:

• Sydenham Institute of Management Studies Research and Entrepreneurship Education
• Tata Institute of Social Sciences
• Jankidevi Bajaj Institute of Management Studies
• National Institute of Event Management
• Mahavir Education Trust's Shah and Anchor Kutchhi Engineering College
• C. Patil College of Engineering

Only around 6% MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:

• Tata Institute of Social Sciences
• L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Centre
• National Institute of Event Management
• NIBMS
• FINPLAN - International Institute of Management
• Institute of Business Management Studies

Top 10 Colleges For MBA Full Time Course Fees In Mumbai:-

Tabulated below is the list of top MBA colleges in Mumbai along with their fees 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 Colleges For MBA Full Time Course Fees In Mumbai:-

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

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 Private Colleges For MBA Full Time Course Fees In Mumbai 2022:-

Name of the College	Course Fee (in Rs)
Dr DY Patil University's School of Management, Navi Mumbai	8.4 L
Kohinoor Business School, Mumbai	5.5 L
Sir M. Visvesvaraya Institute of Management Studies and Research, Mumbai	4.6 L
ASM's Institute of Management & Computer Studies, Thane	2.31 L - 6.5 L
GNVS Institute of Management, Mumbai	3.5 L

Top Government Colleges For MBA Full Time Course Fees In Mumbai 2022:-

Name of the College	Course Fee (in Rs)
Tata Institute of Social Sciences, Mumbai	40.6 K - 1.05 L
Bombay Stock Exchange Institute, Mumbai	5.6 L - 30.76 L
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai	8.32 L
National Institute of Industrial Engineering, Mumbai	6.63 L - 14.63 L
Sasmira's Institute of Management Studies and Research	3.8 L

ROI Of Top MBA Colleges In Mumbai 2022:-

Return on Investment of top colleges in Mumbai is calculated by dividing the return or benefit by the cost of investment as fees. In other words, ROI pertains to what placement an aspirant gets vs what they paid for the college. Aspirants can check the list of MBA colleges in Mumbai and their course fee and average salary. 

Name of the College	Course Fee in Rs	Average salary (in Rs LPA)
TISS, Mumbai	30.33 LPA	20.06 LPA
NMIMS, Mumbai	30.37 LPA	17.97
SJMSOM, IIT Bombay, Mumbai	32.4 LPA	20.8
SIMSR Mumbai	28.5 LPA	13.25
SIMSREE, Mumbai	17 LPA	10.97

ITM MBA Full Time Course Fees In Mumbai 2022:-

ITM Business School, Navi Mumbai Courses & Fees 2022

Courses	Total tuition Fees	Eligibility
ITM Navi Mumbai MBA fee: MBA/PGDM(10 Courses)	INR 10.45 L (for 2 years)	Graduation: 50 % Exams: MAT XAT +5 more

ITM Course Admission:-

Streams:-

• Commerce 
• Computer Applications and IT
• Management and Business Administration

ITM Navi Mumbai Average Package:-

• During the PGDM marketing placement drive, the highest possible salary was offered at INR 22 LPA and the average salary was at INR 8.5LPA. 100% of the batch was offered a job.
• 100% of the batch was hired during the PGDM business analytics placement drive. The average salary for students was INR 6 LPA. The highest package was INR 13.4 LPA.
• 100% of the PGDM Operations & supply chain management students were hired during the placement drive. The average salary was INR 6 LPA and the highest package was INR 13.4LPA.
• During the PGDM Finance Management placement drive, an INR 7.6 LPA average salary was received. The highest package was INR 14.2 LPA.
• 100% of students in the PGDM Retail Manager specialization were placed during the placement drive. INR 22 LPA was the highest possible salary package. The average salary was INR 7 LPA.
• The PGDM International Business placement drive saw 100% placements for the participants. The average salary was INR 7.1 LPA and the highest package came in at INR 15 LPA.
• 100% of the PGDMHR Management batch were placed during the placement drive. The maximum salary package was INR 8 LPA, while the average salary was INR 5.6 LPA.
• • placement drive. The maximum salary package was INR 8 LPA, while the average salary was INR 5.6 LPA.
  • An average salary package of INR 6.5 LPA was offered during the Financial Market Management placement drive. The highest package was INR 10.8 LPA.An average salary package of INR 6.5 LPA was offered during the placement drive. The maximum salary package was INR 8 LPA, while the average salary was INR 5.6 LPA.
  • An average salary package of INR 6.5 LPA was offered during the Financial Market Management placement drive. The highest package was INR 10.8 LPA.
  ITM NAVI MUMBAI MBA PLACEMENTS 2022:-The below table shows the highlights of ITM Navi Mumbai MBA Placements 2022:

Particulars	Marketing
Highest salary	INR 22 LPA
Average salary	INR 5.6 LPA to INR 7.5 LPA
Top recruiters	Amazon, Shoppers Stop, Kotak Mahindra Bank, LG, JP Morgan

During the MBA placement drive, the highest salary package rose up to INR 22 LPA. An average salary of INR 7.5 LPA was offered to the students. Recruiters like Amazon, Shoppers Stop, Kotak Mahindra Bank, LG, JP Morgan visited the campus.

ITM Navi Mumbai MBA Placements 2022 Specialization-Wise:-

The below table represents the specialization-wise placement data of ITM Navi Mumbai Placements 2022:-

Particulars	Marketing	HR	Finance
Number of recruiters	-	-	-
Placement percentage	100%	-	-
Highest salary	INR 22 LPA	INR 8 LPA	INR 12 LPA
Average salary	INR 7.5 LPA	INR 5.6 LPA	INR 7 LPA

During the MBA Marketing placement drive, 100% of the batch got placed. The highest salary stood at INR 22 LPA & average salary stood at INR 7.5 LPA. During the MBA HR  placement drive, the highest salary package & average salary stood at INR 8 LPA & 5.6 LPA respectively.

During the MBA Finance placement drive, students received an average salary of INR 7 LPA. The highest salary package stood at INR 12 LPA.

ITM Navi Mumbai Placements Year Wise:-

The below table shows the year-wise trends of ITM Navi Mumbai Placements:-

Particulars	Placements 2022	Placements 2021	Placements 2020	Placements 2019
Highest salary	INR 22 LPA	INR 22 LPA	INR 22 LPA	INR 17.8 LPA
Average salary	INR 8.5 LPA	INR 8.5 LPA	INR 8.5 LPA	INR 8.5 LPA

The highest & average salary remained the same as it was last year. The highest salary package stood at INR 22 LPA in 2022, 2021 & 2020. But, it stood at INR 17.8 LPA in Placements 2019. The average salary remained at INR 8.5 LPA since Placements 2019.

ITM Navi Mumbai Placement Top Recruiters:-

LG	Kotak Mahindra Bank	ICICI Securities
Amazon	TNS	Reliance Digital
Shoppers Stop	JP Morgan	American Express
Deloitte	Flipkart	VOLTAS
HDFC Bank	AON	ITC Hotels

Top Recruiters for MBA Students:-

MBA graduates from any domain are in high demand. Below is the list of few top companies in Mumbai that recruit MBA graduates alongwith their placement ratings:

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
Northpoint Centre of Learning, Mumbai	4.9	Dentsu Aegis, Future Group, Google, JWT, Kotak Securities, LeoBurnett, Lowe Lintas, Ogilvy, PepsiCo, Publicis, Webchutney, etc.
National Institute of Industrial Engineering (NITIE), Mumbai	4.6	Dabur, HCCB, Maruti Suzuki, ICICI Bank, Marico, Nestle, Capgemeini, Delloite, Accenture, TATA Motors, Castrol, TVS, Asian Paints, ITC, Cognizant Business Consulting, KPMG, Aditya Birla Capital, Genpact, General Electric, Google, IBM, etc.
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay	4.6	Axis Bank, DE Shaw & Co, JPMorgan Chase, Bank of America, Accenture, Deloitte, Flipkart, Google, Infosys,Tech Mahindra, HP, Goldman Sachs, Britannia, Johnson & Johnson, Capgemini, Nestle, RBL Bank, Proctor & Gamble, Wipro, etc.
ASM's Institute of Management & Computer Studies (IMCOST), Thane	4.4	Accenture, Capgemini, CyberTech Systems and Software, Global Logic, Godrej, HDFC Bank, Hindustan Petroleum, Hindustan Times, HP, IBM, ICICI Prudential, Jaro Education, L&T Infotech, Mainstay, Reliance Communication, Saint Gobain, Tech Mahindra, Wipro, Yes Bank, HCL, Tech Mahindra, Siemens, Cognizant, Giant Krafters, Hexaware Technologies, etc.
Sydenham Institute of Management Studies Research and Entrepreneurship Education, Mumbai	4.0	Aditya Birla Group, Axis Bank, Barclays Investment Bank, Citi Group, Deloitte USI, Duff & Phelps, Ernst & Young, HDFC Ltd, ICICI Group, Infosys, JP Morgan Chase & Co, Nielsen, Saint Gobain, etc.

ITM Navi Mumbai Placement Conclusion:-

Every year, ITM Business School in Navi Mumbai begins its final placement process in October. However, the recruitment drive to fund its internship program begins later in December each year. According to college placement data, ITM Navi Mumbai achieved almost 100 percent placement rate for its 2019-2021 batch.

MBA Marketing students bagged the highest package at INR 22 LPA, while ITM Navi Mumbai average placement package was INR 8.5.

Final Placements

• The average and highest salaries packages of INR 22 LPA (and INR 8.5) remained the same for two consecutive year, 2020 and 2021.
• ITM Navi Mumbai had a 100% placement rate for 2021
• Over 650 companies took part in the placements drive, offering overseas placement opportunities

Highlights From The ITM Business School Placements 2022:-

According to the official placement report, INR 22 LPA was the highest package offered to Marketing and Retail Management specializations. However, the average salary varied for each specialization. Below is a table that highlights key ITM Navi Mumbai placements in 2021.

Particulars	Statistics
Highest Salary	INR 22 LPA
Average Salary	INR 8.5 LPA
No. of recruiters	650+
Placement percentage	100%
Top recruiters	HDFC Bank, L&T, Flipkart, ICICI Bank and The Times Network, among others

ITM Navi Mumbai Cutoff:-

The ITM School Navi Mumbai offers admission to PGDM or FPM programs. Online application for ITM Navi Mumbai is possible. Admission to the and PGDM programs at ITM Business School Navi Mumbai is based on performance in the entrance exam. 

Admission to the PGDM programs is done on the basis of marks secured in CAT/XAT/CMAT/GMAT/MAT/ATMA/NMAT by GMAC or MAH MBA CET. The ITM Navi Mumbai admissions process includes a micro presentation and a personal interview. Aspirants are invited to take part in micro presentations, personal interview rounds, and process selection rounds after being shortlisted based on their entrance exam scores. To shortlist MP/PI aspirants, the aggregate percentage marks from class 10th, 12th and graduation are taken. 

Next, the shortlisted aspirants will be invited to make micro presentations. The interview will then take place. The FPM admission process is based on academic eligibility and research proposal presentation. After that, a personal interview (PI) will be conducted. After seat allocation, verification of documents, and payment of the course fee, final admission to ITM Navi Mumbai will be confirmed.

ITM Navi Mumbai CAT Cutoff 2022:-

ITM Business School offers the PGDM iConnect program in a variety of specializations. Admission to the PGDM iConnect program is based on MAH CET scores, which are then followed by MAH CET Counselling, which is coordinated by the State Common Entrance Test Cell in Mumbai. To handle the seat allotment procedure, the ITM Business School cutoff is issued following the announcement of the MAH CET result. The ITM Business School cut offs and merit lists for all participating institutes will be revealed category by category. The ITM Business School cutoffs for home state and All India candidates have been issued.

ITM Navi Mumbai NMAT Cutoff 2022:-

Programs	General
Post Graduate Diploma in Management Business Analytics	55
PGDM Finance	55
PGDM Human Resource Management	55
PGDM Marketing	55
PGDM Digital Marketing and Transformations	55
PGDM Financial Markets	55
PGDM FINTECH	55
PGDM International Business	55
PGDM Operations & Supply Chain Management	55
Post Graduate Diploma in Marketing and Retail Management	55

ITM Navi Mumbai MAT Cutoff 2022:-

Programs	General
PGDM International Business	73
PGDM Marketing	73
PGDM Finance	73
PGDM Human Resource Management	73

ITM Business School Navi Mumbai Admission-PGDM:-

The institute offers PGDM programs in different specializations at the postgraduate level. The ITM Business School Navi Mumbai PGDM courses are available in Finance, Financial Marketing, Marketing, Human Resource Management, International Business, Retail Management, and Marketing, Digital Marketing and Transformation, and Operations and Supply Chain Management specializations. 

The eligibility criteria for admission to PGDM. programs is that the candidate must have a minimum of 50% marks in graduation. The course duration of PGDM programs at ITM Business School Navi Mumbai is 2-years. The entrance exam scores of CAT, XAT, CMAT, GMAT, MAT, ATMA, State CET tests, and NMAT by GMAC are accepted for admission to PGDM programs at the institute.

ITM Business School Navi Mumbai Admission-PGDM Eligibility Criteria:-

Course	Seats	Eligibility Criteria
PGDM	240	Candidates must have passed graduation with a minimum of 50% marks. Valid score in CAT/ XAT/ CMAT/ GMAT/ MAT/ ATMA/ State CET tests/ NMAT by GMAC.
PGDM Finance	180
PGDM Financial Marketing
PGDM Marketing
PGDM Human Resource Management	60
PGDM International Business
PGDM Retail Management and Marketing
PGDM Digital Marketing and Transformation	-	Candidates must have passed graduation with a minimum of 50% marks. Valid score in CAT/ XAT/ CMAT/ GMAT/ MAT/ ATMA/ State CET tests/ NMAT by GMAC.
PGDM Operations and Supply Chain Management	-

MBA Colleges Full Time Course Fees In Mumbai Highlights 2022:-

Total MBA Colleges in Mumbai	180
Average Fees	Annual 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 Specializations	Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission Process	CAT, MAT, XAT, CMAT, ATMA, MAH CET and more.
Number of IITs	One

MBA Colleges In Mumbai Specialization Offered 2022:-

MBA is a domain that furnishes the aspirants with many choices to do a specialization in. The aspirant can determine in which domain he/she needs to specialize in. After pursuing a specialization in a precise field, they obtain the abilities and knowledge associated to the field.

Here is the list of top specializations in MBA:-

• MBA in Marketing 
• MBA in Finance 
• MBA in General Management 
• MBA in International Management 
• MBA in Human Resource Management 
• MBA in Operations Management 
• MBA in Rural Management 
• MBA in Logistics Management 
• MBA in Information Technology 
• MBA in Business Management 

MBA Colleges In Mumbai Eligibility Criteria 2022:-

• The aspirants willing to pursue an MBA program, they ought to have a bachelor’s diploma with at least 50% marks or equal from a recognized board or university. 
• They additionally appear for the entrance examination that is carried out by using the faculties and exclusive universities.

MBA Colleges In Mumbai Admission Process 2022:-

The admission process for MBA of each and every college is special based on their university norms and policies that they set. The admission process is based totally on both merit-list or the ratings obtained on the entrance examination that the candidate appears for. The aspirant urges to follow the recommendations of the university to get admission to the particular course. 

Mentioned beneath is the list of some of the entrance examinations that are conducted to provide admission for the course:-

• CAT 
• XAT 
• MAT 
• SNAP 
• NMAT 
• CMAT 
• MAHCET

Top 10 Government MBA Colleges In Navi 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 aspirants.

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 Navi 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 Management, SJMSOM, 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 [BVCHTMS]. The 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 [KCCMS] Mumbai, 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 MBA Colleges In Mumbai: NIRF Rankings 2021:-

NIRF(National Institutional Ranking Framework) is the premier ranking agency in India and is run by the NIRF (National Institutional Ranking Framework) is the top rating agency for India and is managed through the Ministry of HRD, Government of India. It is the authority to publish the ranking lists for various colleges in India separated into eight categories.

• IIT Bombay has been ranked as the top MBA school located in Mumbai in the country by NIRF. The college has been awarded an 11th place ranking within India by the nation’s organization for ranking in the year 2021.
• While the school is rated as the top in Mumbai however, it has experienced the loss of 1 spot in its standing when compared to 2022.
• Some other schools in Mumbai which are ranked by NIRF include SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.
• The most impressive improvement in these colleges was demonstrated by NITIE Mumbai, which has shot up 17 places. NITIE Mumbai saw a decrease of 15 places this year.

Total MBA Colleges in Mumbai	180
Average Fees	Annual 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 Specializations	Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission Process	CAT, MAT, XAT, CMAT, ATMA, MAH CET and more.
Number of IITs	One

Top MBA Colleges In Mumbai: India Today Ranking:-

NIRF 2021 Ranking	College Name	NIRF Score
10	Indian Institute of Technology Bombay	68.08
12	National Institute of Industrial Engineering, Mumbai	64.52
19	S. P. Jain Institute of Management & Research	58.73
22	SVKM's Narsee Monjee Institute of Management Studies	57.53
56	K.J.Somaiya Institute Of Management	46.68
72	Principal L N Welingkar Institute of Management Development and Research	43.73

SPJIMR Mumbai has been ranked as the best MBA college in Mumbai by the India Today survey. It has been given a rank of 4 among all the top management colleges in India.

• Other popular MBA colleges in the city like Narsee Monjee, NITIE, and KJ Somaiya have also been included in this list and are also ranked among the top 25 MBA colleges in India.
• NITIE Mumbai, which wasn’t included in the list last year, is ranked at 11th position in India now.
• IES Management College and Research Center still ranks at 144th position, but it has shown a tremendous improvement by 24 ranks.

List Of Government MBA Colleges In Mumbai With Low 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 several management colleges in Mumbai from which very few are good MBA colleges in Mumbai and some of them are the best university in Mumbai for MBA such as SPJIMR, NITIE, SIMSREE SJMSOM, and KJ Somaiya. These colleges are counted as the top 10 MBA colleges in Mumbai. SIMSREE is called 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:-

• Once the aspirant finishes off the course successfully, they are employed beneath special job roles primarily based on the specializations which they have chosen while pursuing this course. 

• The aspirants who have already pursued MBA or are currently pursuing MBA have a very vibrant scope for a profession in the future due to the fact MBA holds a lot of importance and organizations hire aspirants who are specialized in the field. 
• Choosing a career in MBA is a very good preference and also has many enterprise opportunities. 
• The aspirant has higher chances of getting hired in a greater job function primarily based on the diploma that they hold. 
• Doing a course in MBA not solely will increase your expert growth but also enhances your non-public growth simultaneously. 
• MBA also helps you to increase unique skills that are beneficial for you. 
• Most of the time, the expert with a greater degree of schooling and ability is paid a high salary package. 
• The doorways are open to many profession opportunities in the area out of which some are listed beneath with the predicted salary:-

Job Profile	Expected Salary
Relationship Manager	Rs. 4 Lakhs p.a.
Marketing Executive	Rs. 3 Lakhs p.a.
Business Analyst	Rs. 5 Lakhs p.a.
Area Sales Manager	Rs. 7 Lakhs p.a.
Operations Manager	Rs. 10 Lakhs p.a.
Human Resource Manager	Rs. 11 Lakhs p.a.
Assistant Human Resources Manager	Rs. 9 Lakhs p.a.
Business Development Manager	Rs. 11 Lakhs p.a.
Account Manager	Rs. 11 Lakhs p.a.
Executive Assistant	Rs. 10 Lakhs p.a.

College Name	India 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 SPJIMR Mumbai has been ranked as the best MBA college in Mumbai by the India Today survey. It has been given a rank of 4 among all the top management colleges in India. Other popular MBA colleges in the city like Narsee Monjee, NITIE, and KJ Somaiya have also been included in this list and are also ranked among the top 25 MBA colleges in India. NITIE Mumbai, which wasn’t included in the list last year, is ranked at 11th position in India now. IES Management College and Research Center still ranks at 144th position, but it has shown a tremendous improvement by 24 ranks. LIST OF GOVERNMENT MBA COLLEGES IN MUMBAI WITH LOW 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 several management colleges in Mumbai from which very few are good MBA colleges in Mumbai and some of them are the best university in Mumbai for MBA such as SPJIMR, NITIE, SIMSREE SJMSOM, and KJ Somaiya. These colleges are counted as the top 10 MBA colleges in Mumbai. SIMSREE is called 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:-Management Development and Research	33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)	39
N L Dalmia Institute of Management Studies and Research	80
Universal Business School	86
IES Management College and Research Center	144
Atharva Institute of Management Studies	171

Top Recruiters For MBA In Mumbai 2022:-

After successfully persisting in an MBA program, the aspirants are hired by some of the top companies which usually hire professionals with higher education in the field. Some of the colleges procure placement opportunities while others do not. 

The companies that come to college usually hire aspirants with good skill sets and also academic performance. The aspirants should also be well-organized and systematic in the work that they do. Therefore, to get hired by the top companies the aspirant must have the required knowledge that is needed to work in the field. 

Here are some of the top employers in the sector, which includes:-

• Amazon
• Apple 
• Deloitte
• TCS
• Citigroup 
• Bain & Company
• Facebook 
• Accenture
• Capgemini 
• Hub Spot 

Frequently Asked Questions:-

Ques1. What is the government fee for MBA?

Ans. The government fee for MBA Starts from INR 8K and can rise to INR 25 lakh.

Ques2. What are the fees for MBA in Mumbai University?

Ans. The fees for MBA in Mumbai University revolve around INR 8K to INR 2 lacs.

Ques3. Which college is better for MBA in Mumbai?

Ans. SPJIMR, SJSOM, and NITIE colleges are better for MBA in Mumbai.

Ques4. Where I can study MBA with low fees?

Ans. The best possible way to study MBA with low fees is the faculty of management studies college at Delhi University fees of INR 25000.

Ques5. What is the monthly income of an MBA?

Ans. The average monthly income of an MBA can range from INR 50K to INR 1 lakh.

Ques6. 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.

Ques7. How much percentage is required for MBA?

Ans. The general academic requirement for MBA programs is of graduation with minimum 50% marks. You should also appear for MBA entrance exams like CAT, XAT and CMAT to be considered for admission to management programmes; check with your respective institute and opt for the test accordingly.

Ques8. 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/equivalent 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.

Ques9. Can I get free seat in MBA?

Ans. No such provisions for free seat, you can get scholarships, which will waive off your fees by 40%.

Ques10. How do I get government seats for MBA?

Ans. Students who want to pursue MBA in government college must have a minimum 3-year bachelor’s degree in any discipline or equivalent qualification with a minimum of 50% aggregate marks. Applicants who belong to reserved categories can apply for such a course with a bachelor’s degree with a minimum of 45% aggregate marks.

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