MBA Course Fees in Mumbai 2022
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MBA Course Fees in Mumbai 2022

If you want to study MBA in Mumbai, India’s financial capital, and are looking for the best MBA colleges in Mumbai that accept CAT, XAT, CMAT, MAT, and MBACET, you’ve come to the right place.

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.

 Saurav Anand 07/11/2022
MBA Course Fees in Mumbai 2022
If you want to study MBA in Mumbai, India's financial capital, and are looking for the best MBA colleges in Mumbai that accept CAT, XAT, CMAT, MAT, and MBACET, you've come to the right place. 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…

If you want to study MBA in Mumbai, India's financial capital, and are looking for the best MBA colleges in Mumbai that accept CAT, XAT, CMAT, MAT, and MBACET, you've come to the right place.

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, NMIMS and NITIE.

Why is Mumbai the most preferred city for MBA?

1. Financial and Commercial Hub

While Delhi is India's political capital, Mumbai is the country's financial and business capital. The Bombay Stock Exchange, the National Stock Exchange of India, and the SEBI all have their headquarters here. As a result, it is one of the top ten global financial transaction centers in the world. Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, and Aditya Birla Group all have corporate headquarters in Mumbai. Mumbai is also India's media, advertising, and entertainment capital.

2. MBA education hub

Finally, Mumbai is a center of education in management, technology, and related fields. In addition to MBA programs at SPJIMR, JBIMS, and NMIMS, Mumbai is home to IIT Bombay and the Tata Institute of Social Sciences (TISS).

3. MBAs have excellent job and career prospects.

Mumbai is the place to be if you want to work in the financial sector. MBAs can apply for positions in banking and finance at companies such as HDFC, Kotak Bank, ICICI Bank, and AXIS Bank. There are numerous sales and marketing jobs available in Mumbai at companies such as Unilever, P&G, Godrej, and many others. As India's media, advertising, and entertainment capital, you can apply for jobs at companies such as Star TV, Zee TV, JWT, Times of India, and many more.

MBA Fees in Mumbai-

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.

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.

CollegesAnnual Fees
Jamia Millia Islamia University, New DelhiINR 65,100
University of Delhi, Faculty of Management Studies, New DelhiINR 96,000
Institute of Management Studies, Banaras Hindu University, VaranasiINR 1,20,767
Department of Management Studies, Anna University, ChennaiINR 20,500
Pondicherry University, PondicherryINR 74,718
University of Jammu, JammuINR 78,071
Maharaja Sayajirao University of Baroda, VadodaraINR 14,500
Ganpat University, MehsanaINR 95,000
RKDF University, BhopalINR 50,000
Department of Management Science, Savitribai Phule Pune University, PuneINR 66,194
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There are numerous MBA programs available in Mumbai. Fees for Government MMS/MBA colleges and other top MBA colleges in Mumbai are also quite varied. Do you know that JBIMS Mumbai has increased its fee by 200%, from Rs.2 lakhs to Rs.6 lakhs, and it is still considered low? Other top MBA colleges in Mumbai charge between 10 and 20 lakhs, which is comparable to IIMs. But don't be concerned. There are numerous good MBA colleges in Mumbai that charge between 5 and 10 lakhs and provide excellent education and placements. Consider the following fees for a few select B-schools:

MBA college in MumbaiFee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
SPJIMR, MumbaiRs. 19.00
NMIMS, MumbaiRs. 20.80
IIT BombayRs. 10.08
NITIE MumbaiRs. 12.58
JBIMS MumbaiRs. 6.00
K J Somaiya Institute of Management, MumbaiRs. 18.79
Prin L N Welingkar Institute of Management Development and ResearchRs. 13.00
BITS School of Management - BITSOMRs. 20.60
SDA Bocconi Asia CenterRs. 18.60
SIMSREE MumbaiRs. 1.35
SIES Navi MumbaiRs. 9.00
IBS Mumbai: ICFAI Business schoolRs. 9.09
ITM Navi MumbaiRs. 10.45
Chetana’s Institute of Management and ResearchRs. 7.85
MET MumbaiRs. 9.90
Vivekanand Business School (VBS)Rs. 8.00
IES Management College And Research Centre, MumbaiRs. 9.00
N. L. Dalmia Institute of Management Studies and Research, MumbaiRs. 8.70
Kohinoor Business SchoolRs. 6.10
DSIMS MumbaiRs. 7.25
Guru Nanak Institute of Management Studies, MumbaiRs. 7.00
Aditya School of Busines Management - ASBM MumbaiRs. 7.80
ATLAS SkillTech University MumbaiRs. 10.45

Best MBA colleges in Mumbai with low fees

Additional information - 

MBA programs are available in Mumbai. Mumbai is, in fact, one of the top Indian MBA destinations. The top five MBA institutions in Mumbai, according to reputable rankings, are JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai, and NITIE Mumbai. If we expand the list, we may include SJMSOM IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, and Kohinoor Business School, which are all well regarded MBA programs in Mumbai.

MBA Colleges in Mumbai accept CAT, XAT admission to their most prestigious MBA/PGDM programs based on tests such as the CAT and XAT.

The top choice for students, Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai is among the best MBA colleges in Mumbai with a reasonable cost as well as a large alumni pool and top-quality facilities. The minimum CAT score for JBIMS will be at least 95 percentile! NITIE Mumbai, SJMSOM-IIT Mumbai as well as IIM Nagpur accept only CAT scores.

SPJIMR Mumbai, K J Somaiya Institute of Management, SIMSREE, SIES, and IESMCRC are among the top MBA institutions in Mumbai that accept XAT and scores from the CAT.

School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS) accepts only NMAT by GMAC scores. It will not consider scores from the CAT or XAT to be considered for admission.

MBA Colleges in Mumbai accepting Entrance Exam

In the event that you do not have a great CAT or XAT score don't fret. The majority of MBA schools are located in Mumbai including K J Somaiya Institute of Management Mumbai, Welingkar, Chetana's Institute of Management and Research, SIES Mumbai, N L Dalmia, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, DSIMS Mumbai, Guru Nanak Institute of Management Studies (GNIMS), BVIMSR, Mumbai; accept admissions on the basis of CMAT/MAT, CAT/XAT or both test scores. If you score 70 to 90percentile scores in CMAT or the MAT exam, you'll have an excellent chance of being accepted.

MBA Colleges in Mumbai accepting MAHCET; Cutoffs

MBA/MMS program is a low-cost, high RoI program that is the flagship two-year full-time MBA program offered by hundreds of MBA schools in Mumbai and the rest of Maharashtra in accordance with the state-level MAH CET exam administered by the Government of Maharashtra. It is the MMS also known as MBA in Mumbai by Government counseling is cost-effective as well as a high RoI management program. Top MBA colleges like JBIMS Mumbai, SIMSREE Mumbai, K J Somaiya Institute of Management Mumbai, DSIMS Mumbai, SIES Mumbai, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, also accept MAHCET exam scores for admission.

15% of seats are reserved 15% of seats are reserved for All India category students at the 400 MBA institutions in Mumbai and the rest of Maharashtra that accept the MBACET scores. There are around 44000 total seats for MBA/MMS/PGDM within MBA schools within Maharashtra by DTE, Government of Maharashtra and Maharashtra's counseling. Learn more concerning the MBACET MBA test

Fee for MBA Colleges in Mumbai

There are many options to pursue an MBA within Mumbai. The price range for Government MMS/MBA schools and the other top MBA institutions located in Mumbai is also quite wide. Are you aware the fact that JBIMS Mumbai has hiked its cost by 200% of Rs.2 lakhs up to Rs.6 lakhs but it's still low! Another Top MBA Colleges in Mumbai cost between 10 and 20 lakhs, similar to IIMs. But don't worry. There are a lot of excellent MBA schools that cost between 5 and 10 lakhs, and provide high-quality education and excellent placements. Let's take a look at the cost for some of the top B-schools:

MBA college in MumbaiFee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
SPJIMR, Mumbai17.50
NMIMS, Mumbai19.76
NITIE Mumbai12.53
JBIMS Mumbai  6.00
K J Somaiya Institute of Management, Mumbai14.94
SIES, Mumbai  7.20
SIMSREE, Mumbai  1.46
IESMCRC, Mumbai  6.00
Chetana’s Institute of Management and Research  6.60
SDA Bocconi Asia Center, Mumbai18.6
DSIMS, Mumbai7.80
Kohinoor Business School5.90
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Top 10 government MBA colleges in Mumbai

There are a number of colleges in Mumbai, but some of 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 are substantially higher than fees in other Indian states. MBA institutes in Mumbai such as SPJIMR and K J Somaiya are among the top in the city. MBA institutes in Mumbai such as TISS and SIMSREE are MBA government schools in Mumbai that are among the top 60 MBA colleges in Mumbai. There are several PGDM institutes in Mumbai that provide international placement services. This page includes a list of MBA institutions in Mumbai, along with information on placement and prices. Mumbai University is one of the MBA government institutions in Mumbai, as well as one of the top MBA colleges in Mumbai; MBA prices at Mumbai University range from INR 8K to 4 Lacs.

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

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
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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 CollegeCourse Fee in RsAverage salary (in Rs LPA)
TISS, Mumbai30.33 LPA20.06 LPA
NMIMS, Mumbai30.37 LPA17.97
SJMSOM, IIT Bombay, Mumbai32.4 LPA20.8
SIMSR Mumbai28.5 LPA13.25
SIMSREE, Mumbai17 LPA10.97

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

Name of the CollegeCourse Fee (in Rs)
Dr DY Patil University’s School of Management, Navi Mumbai8.4 L
Kohinoor Business School, Mumbai5.5 L
Sir M. Visvesvaraya Institute of Management Studies and Research, Mumbai4.6 L
ASM’s Institute of Management & Computer Studies, Thane2.31 L – 6.5 L
GNVS Institute of Management, Mumbai3.5 L

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

Name of the CollegeCourse Fee (in Rs)
Tata Institute of Social Sciences, Mumbai40.6 K – 1.05 L
Bombay Stock Exchange Institute, Mumbai5.6 L – 30.76 L
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai8.32 L
National Institute of Industrial Engineering, Mumbai6.63 L – 14.63 L
Sasmira’s Institute of Management Studies and Research3.8 L

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 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

Frequently Asked Questions-

Q. What is the fees for MBA in Mumbai University?

Ans. Mumbai University MBA Admission 2022: Eligibility, Selection & Fee

ParticularsMBA Highlights
EligibilityClass 12 with 60% and UG with 45-50% aggregate
Duration2 years
SelectionMAT, XAT, CAT, CMAT, MAH CET, ATMA, GMAT, NMAT, SNAP, SMAT
Total tuition fee*INR 8,000 - INR 7,31,000

Q. Which MBA is best in Mumbai?

Ans. Top MBA Colleges in Mumbai 2022

  • NIRF ' 22. National Institute of Industrial Engineering. ...
  • NIRF ' 22. Shailesh J. ...
  • NIRF ' 22. SPJIMR - S.P. Jain Institute of Management and Research. ...
  • NIRF ' 22. NMIMS School of Business Management, Mumbai. ...
  • NIRF ' 22. Welingkar Institute of Management. ...

Q. How does MBA cost?

Ans. MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another. MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh.

Q. What is the government fee for MBA?

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

Q. 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.

Q. Which college is better for MBA in Mumbai?

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

Q. 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.

Q. 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.

Q. Which MBA has highest salary in Mumbai?

Ans. Average Salary

Name of InstitutesHighest Package(LPA)
NMIMS MumbaiINR 30.60
IIFT DelhiINR 78
IIM KozhikodeINR 30.60
SPJIMR MumbaiINR 63

Q. Is MBA easy or hard?

Ans. In short, an MBA is as difficult as you make it, and is as rewarding as you invest in it. In the business world, there is rarely any hand-holding. You either develop into a competent business expert or are surpassed by the competition.

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MBA Course Fees in Mumbai 2022
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