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The Master of Business Administration (MBA), a postgraduate-level degree with widespread recognition, helps students develop the abilities necessary for management and business careers. If you are choosing MBA for your higher studies in Mumbai then this article will help you to gather information regarding Top MBA colleges in Mumbai. This article highlights the Top 5 MBA Colleges in Mumbai, the entrance exams required to get admission, The eligibility requirements to pursue MBA, and the admission process for an MBA.
Top MBA Colleges in Mumbai Highlights
MBA is one of the most chosen programs in Mumbai. Mumbai colleges provide top-notch facilities to MBA students. This article will cover information regarding the Top 5 MBA Colleges in Mumbai and other important details.
Check key highlights related to Top MBA Colleges in Mumbai
| Degree | MBA |
|---|---|
| Full form | Master of Business Administration |
| Level | Postgraduate |
| Duration | 2 years (full time MBA) |
| Eligibility | Minimum 50% marks in Graduation (any stream) |
| Total No. of MBA colleges in Mumbai | More than 150 colleges |
| Admission Criteria | Both Entrance and Direct admission |
| Entrance Exams | CAT, MAT, NMAT, XAT, IIFT, SNAP, CMAT, ATMA |
| Top MBA Specialisations offered in Mumbai | Finance, Family business, Sales & Marketing, Human Resources, Healthcare & Hospital, Retail Operations, International Business, IT & Systems, Business Analytics, Entrepreneurship, Supply Chain, etc. |
What is the Benefit of doing an MBA?
MBA can be an important course in advancing your career. MBA is available in various specializations, each specialization has its own benefit. There comes many career opportunities with every specialisation.
Reasons to Pursue MBA are:
- Starting your own business and becoming an entrepreneur is one of the most important reasons.
- Enhancing Knowledge
- Gaining management skills and networking skills
- Improving your CV
- Getting handsome salary
Types of MBA
Candidates who want to pursue an MBA degree have various options to pursue MBA like:
- MBA/PGDM,
- Executive MBA/PGDM,
- Distance MBA,
- Online MBA,
- Part-Time MBA, and so on.
Candidates can take a general MBA degree or an MBA degree in a specific specialization.
The duration of a Full-time MBA is 2 years, but 1 year full-time MBA courses are also available for students.
- Executive MBA (EMBA)
EMBA courses are part-time programs developed for experienced professionals who do not have time to pursue a long 2-year full-time MBA course.
- Distance MBA
Distance MBA is a correspondence program for students who cannot opt for a regular MBA college.
The length of executive and part-time MBA programs is determined by the number of credits a student takes in each academic semester or quarter.
Admission Process at Top 5 MBA Colleges in Mumbai:
Admission to MBA Courses at the Top 5 MBA Colleges in Mumbai depends on the following reasons
- Achievement in graduation,
- Entrance examination score,
- Group Discussion and
- Personal Interviews
Above mentioned steps are organized by the institution itself. However, a point to be noted is that many colleges provide direct admission to MBA and many colleges require an entrance exam for MBA admission
Entrance tests accepted at Top 5 MBA Colleges in Mumbai
Entrance tests accepted at the Top 5 MBA Colleges in Mumbai are CAT, NMAT, GMAT, and SNAP.
Eligibility Criteria for Top 5 MBA Colleges in Mumbai
The Eligibility criteria for the Top 5 MBA Colleges in Mumbai are given below. Certain Colleges in Mumbai prefer entrance-based admission to MBA and some of the colleges provide direct MBA admission to students.
The Eligibility criteria for MBA admission in Mumbai are :
- 10 + 2 and graduation in any stream
- A minimum score of 50% (general category) and 45% (reserved category) in graduation
- Students in their final year of undergraduate courses are also eligible to enroll for MBA
- For direct admission to MBA (the candidate must not be a current government employee),
The selection process for MBA 2023: -
- Entrance score
- Merit marks, GDs, Personal Interview
- Students who pass these rounds are eligible for admission. Seats will be given to students based on entrance marks and performance in these rounds.
Students who want admission, especially in IIMs must qualify for CAT or they can also apply through CMAT, MAT, XAT, and ATMA exams.
Documents Required For Direct Admission
- Graduation Provisional certificate/ Mark sheet
- Identity proof
- 10th / 12th Passing certificate
- Graduation certificate
- Migration certificate (if any)
- Photographs
- Entrance test mark sheet (if any)
- Category and domicile certificate (if any)
MBA Specialisation at Top 5 MBA Colleges in Mumbai
MBA is available in different specializations like MBA in International Business, MBA in Banking and Finance, MBA in Healthcare and Hospital Management, etc.
Depending on the career perspective of students many specializations are available to MBA aspirants. To know about the MBA Specialisation offered at the Top 5 MBA Colleges in Mumbai, read below.
- MBA in Business Analytics
- MBA in Information Technology
- MBA in Banking and Finance
- MBA in Sales and Marketing
- MBA in Tourism Management
- MBA in Retail
- MBA in Healthcare and Hospital Management
- MBA in Supply Chain Management
- MBA in Operation Management
- MBA in International Business
MBA Career opportunities
There are different specializations in MBA provided by the Top 5 MBA colleges in Mumbai.
Below are the career opportunities and jobs available to MBA graduates after MBA in a different specialization.
Career Opportunity after MBA in Finance
A career after MBA in Finance can be a job as a Finance Manager, Accounting Manager, Financial Manager/Analyst, Risk and Insurance Manager Cash Manager Treasurer
Career Opportunity after MBA in Entrepreneurship
You can become an owner of a small business, or a Business Advisor in a firm. Some of the other career options for an MBA in Entrepreneurship are to become a Corporate Supervisor, Sales manager, Fundraising, and Development manager
Career Opportunity after MBA in International Business
Marketing Analyst, Government Affairs Director, Export Coordinator, and Export Manager are some of the job options available to you if you are a graduate with MBA in International Business.
Some of the MBA graduates from this specialization opt for becoming an International Finance Manager, Administrative Service Manager, or International Business Development Manager
Career Opportunity after MBA in IT and Systems
Another preferred specialization in MBA is in IT and Systems. An MBA in IT and Systems can work as an IT Manager/Consultant, Analytics or systems Manager, Product Manager, Information Systems Managers, Systems Analysts, Business Development, or analyst.
Career Opportunity after MBA in Operations
One of the most popular specializations for MBA is MBA in Operations. It is preferred by many students due to its varied career opportunities like Operations Manager, Inventory Control Manager, Supply Chain Manager, etc.
Career Opportunity after MBA in Logistics and Supply Chain Management
Career Opportunities after MBA in Logistics and Supply Chain Management are Supply Chain Performance Analyst, Supply Chain Consultant, Demand Planning Analyst, or Distribution Centre Supervisor.
Some other job options are VP of Supply Chain Operations, Purchase Manager, Warehouse Operations Manager and Logistics and Transportation Analyst.
Career Opportunity after MBA in Healthcare Management
MBA in Healthcare Management comes with career opportunities as a Hospital CEO, CFO, Hospital Administrator, Healthcare IT Consultant, or Pharmaceutical Product Manager.
Career Opportunity after MBA in HR
After getting an MBA in human resources, aspirants might consider working as an HR executive at a company in the manufacturing sector, BPO/IT, corporate sector, service sector, education sector, banking sector, or other comparable industries. After completing an MBA program in human resources, one may start their career as an HR Generalist or HR Specialist.
Career Opportunity after MBA in Sales and Marketing
An MBA in Sales and Marketing can become a market research analyst, product manager or sales manager. Also, a media planner or an internet marketing manager job is available.
Top 5 MBA colleges in Mumbai according to NIRF Ranking 2023
If you are willing to pursue MBA from the Top 5 MBA colleges in Mumbai, then see the table below
The table below contains the list of the Top 5 MBA colleges in Mumbai according to NIRF Ranking 2023.
1. National Institute of Industrial Engineering - NITIE Mumbai
NITIE ranked 7th in NIRF Ranking 2023.
The mission of NITIE is to develop highly qualified professionals across a range of functional areas, including operations management, analytics, finance, marketing, project management, human resources, information technology, and sustainability management.
In order to study in NITIE, you are required to take the CAT exam conducted by IIMs.
2. Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay
IIT Bombay ranked 10th in NIRF Ranking 2023
From the academic year 2013–2014 onward, the Master of Business Administration (MBA) program was redesigned with the goal of achieving the ideal mix of knowledge-building, perspective-giving, and skill-building courses. In the two-year course, there are eight terms. Through 23 challenging courses, students learn about all the management disciplines in the first year i.e. the first four terms.
In order to study at Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay, you are required to take the CAT exam conducted by IIMs.
3. Symbiosis Institute of Business Management, SIBM Pune
Symbiosis Institute of Business Management ranked 17th in NIRF Ranking 2023
The two-year, full-time MBA program at SIBM Pune is its most popular program. It is divided into four semesters and offers specializations in marketing, human resource management, finance, and operations management.
In order to study in Symbiosis Institute of Business Management, you are required to take Symbiosis National Aptitude Test (SNAP).
4. SP Jain Institute of Management & Research – SPJIMR
SP Jain Institute of Management & Research - SPJIMR ranked 20th in NIRF Ranking 2023
SPJIMR is Approved by AICTE and accredited by AACSB International & AMBA
In order to study at SP Jain Institute of Management & Research - SPJIMR, you are required to take the GMAT/CAT exam.
5. SVKM`s Narsee Monjee Institute of Management Studies, Mumbai
SVKM’s NMIMS is ranked 21st in NIRF Ranking 2023
SVKM’s NMIMS is deemed to be University with modern buildings located near the city’s Domestic and International airports. It nurtures 17 Schools and 9 centers of excellence.
In order to study at SVKM`s Narsee Monjee Institute of Management Studies, Mumbai, you are required to take NMAT exam.
Top 5 MBA colleges in Mumbai with Fees Structure
The table below contains the list of Top 5 MBA colleges in Mumbai with fees structure
| S.No. | MBA Colleges in Mumbai | Fee structure |
|---|---|---|
| 1. | National Institute of Industrial Engineering - NITIE Mumbai | Rs. 12.6 Lakhs |
| 2. | Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay | Rs. 14 Lakhs |
| 3. | Symbiosis Institute of Business Management | Rs. 23 Lakhs |
| 4. | SP Jain Institute of Management & Research - SPJIMR | Rs. 20.05 Lakhs |
| 5. | SVKM`s Narsee Monjee Institute of Management Studies | Rs. 7 – 12 Lakhs |
(The fee structure mentioned above is the approximate amount and it is subject to change yearly. Students should refer to the official website of respective colleges for fee structure details, or you can contact us also for any query)
Top 10 MBA Colleges in Mumbai with Fees Structure
The table below consists of the list of the Top 10 MBA colleges in Mumbai with fees structure:
| S.No. | Top 10 MBA Colleges in Mumbai | Fee structure (approx.) |
|---|---|---|
| 1. | National Institute of Industrial Engineering - NITIE Mumbai | Rs. 12.6 Lakhs |
| 2. | Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay | Rs. 14 Lakhs |
| 3. | Symbiosis Institute of Business Management | Rs. 23 Lakhs |
| 4. | SP Jain Institute of Management & Research - SPJIMR | Rs. 20.05 Lakhs |
| 5. | SVKM`s Narsee Monjee Institute of Management Studies | Rs. 7 – 12 Lakhs |
| 6. | Indian Institute of Management, IIM Nagpur | Rs. 19 Lakhs |
| 7. | K J Somaiya Institute of Management Studies and Research | Rs. 4- 16 Lakhs |
| 8. | Principal L N Welingkar Institute of Management Development and Research | Rs. 13 Lakhs |
| 9. | SIES Navi Mumbai | Rs. 5-7 Lakhs |
| 10. | N. L. Dalmia Institute of Management Studies and Research - NLDIMSR | Rs. 7.35 Lakhs (1st Year) |
(The fee structure mentioned above is the approximate amount and it is subject to change yearly. Students should refer to the official website of respective colleges for fee structure details, or you can contact us also for any query)
Top MBA Colleges in Mumbai with low fees
For the students who want to pursue MBA in Mumbai from a low fees college, the list of some Top MBA Colleges in Mumbai with low fees is provided below
| S.No. | MBA Colleges in Mumbai | Fee structure (approx.) |
|---|---|---|
| 1. | Durgadevi Saraf Global Business School - DSGS | Rs. 7.25 Lakhs |
| 2. | Guru Nanak Institute of Management Studies | Rs. 6.98 Lakhs |
| 3. | Jamnalal Bajaj Institute of Management Studies - JBIMS | Rs. 6 Lakhs |
| 4. | Sydenham Institute of Management Studies, Research and Entrepreneurship Education - SIMSREE | Rs. 2.30 Lakhs |
| 5. | Tata Institute of Social Sciences - TISS | Rs. 1.9 Lakhs |
(The fee structure mentioned above is the approximate amount and it is subject to change yearly. Students should refer to the official website of respective colleges for fee structure details, or you can contact us also for any query)
Top 5 MBA Colleges in Mumbai with fees Structure and Placement
The top 5 MBA colleges in Mumbai with Placement and fee structure details are provided below. Students from SPJIMR got placement for approximately Rs. 33 LPA. The Placements at the top 5 MBA colleges in Mumbai range from Rs. 16.70 LPA to Rs. 33.02 LPA.
The table below shows the details Top 5 MBA Colleges in Mumbai with Placement and fee structure
| S.No. | Top 5 MBA Colleges in Mumbai | Fee Structure(approx.) | Placement (Approx.) (LPA) |
|---|---|---|---|
| 1. | SP Jain Institute of Management & Research - SPJIMR | Rs. 20.05 Lakhs | Rs. 33.02 |
| 2. | Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay | Rs. 14 Lakhs | Rs. 28.90 |
| 3. | National Institute of Industrial Engineering - NITIE | Rs. 12.6 Lakhs | Rs. 25.40 |
| 4. | Narsee Monjee Institute of Management Studies - NMIMS | Rs. 7-12 Lakhs | Rs. 23.10 |
| 5. | IIM Nagpur | Rs. 19 Lakhs | Rs. 16.70 |
(Students should visit the official website of colleges to know about the placement details and fees structure of respective colleges)
Recruiters at Top 5 MBA Colleges in Mumbai
- Aditya Birla Group
- Hindustan Unilever
- Yes Bank
- Amazon
- Deloitte
- JPMC
- HDFC Bank
- ICICI Bank
- Citigroup
Top 10 MBA Colleges in India
The list of top 10 MBA Colleges in India are listed below:
| NIRF Ranking | Best Placement MBA colleges in India | City | State |
|---|---|---|---|
| 1 | ISB Hyderabad | Hyderabad | Telangana |
| 2 | IIM Ahmedabad | Ahmedabad | Gujarat |
| 3 | IIM Bangalore | Bengaluru | Karnataka |
| 4 | IIM Calcutta | Kolkata | West Bengal |
| 5 | XLRI-Xavier School of Management | Jamshedpur | Jharkhand |
| 6 | IIM Lucknow | Lucknow | Uttar Pradesh |
| 7 | IIM Kozhikode | Kozhikode | Kerala |
| 8 | IIM Indore | Indore | Madhya Pradesh |
| 9 | Faculty of Management Studies - FMS Delhi | New Delhi | Delhi |
| 10 | Jamnalal Bajaj Institute of Management Studies (JBIMS) | New Delhi | Delhi |
Frequently Asked Questions about Top 5 MBA Colleges in Mumbai
Q. What are the Top 5 MBA Colleges in Mumbai according to NIRF Ranking 2023?
Ans. The table below contains the list of the Top 5 MBA colleges in Mumbai according to NIRF Ranking.
| S.No. | NIRF Ranking 2023 | MBA Colleges in Mumbai |
|---|---|---|
| 1. | 7 | National Institute of Industrial Engineering - NITIE Mumbai |
| 2. | 10 | Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay |
| 3. | 17 | Symbiosis Institute of Business Management |
| 4. | 20 | SP Jain Institute of Management & Research - SPJIMR |
| 5. | 21 | SVKM`s Narsee Monjee Institute of Management Studies |
Q. How is the Placement at the Top 5 MBA Colleges in Mumbai?
Ans. The top 5 MBA colleges in Mumbai with Placement and fee structure details are provided below. Students from SPJIMR got placement for approximately Rs. 33 LPA. The Placements at the top 5 MBA colleges in Mumbai range from Rs. 16.70 LPA to Rs. 33.02 LPA.
The table below shows the details Top 5 MBA Colleges in Mumbai with Placement and fee structure
| S.No. | Top 5 MBA Colleges in Mumbai | Fee Structure(approx.) | Placement (Approx.) (LPA) |
|---|---|---|---|
| 1. | SP Jain Institute of Management & Research - SPJIMR | Rs. 20.05 Lakhs | Rs. 33.02 |
| 2. | Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay | Rs. 14 Lakhs | Rs. 28.90 |
| 3. | National Institute of Industrial Engineering - NITIE | Rs. 12.6 Lakhs | Rs. 25.40 |
| 4. | Narsee Monjee Institute of Management Studies - NMIMS | Rs. 7-12 Lakhs | Rs. 23.10 |
| 5. | IIM Nagpur | Rs. 19 Lakhs | Rs. 16.70 |
(Students should visit the official website of the colleges to check the exact placement details and fees structure of the respective colleges)
Q. Who are the Recruiters at the Top 5 MBA Colleges in Mumbai?
Ans. Recruiters at the Top 5 MBA colleges in Mumbai were:
- Apple
- HDFC Bank
- Aditya Birla Group
- Hindustan Unilever
- ICICI Bank
- Yes Bank
- Amazon
- Deloitte
Q. What are the entrance exams in India for MBA?
Ans. There are many state and national-level entrance exams in India for MBA in various MBA institutes.
| Entrance Exam | Official Website |
|---|---|
| CAT | iimcat.ac.in |
| ATMA | atmaaims.com |
| NMAT by GMAC | www.mba.com/en-in/exams/nmat |
| GMAT | www.mba.com |
| IBSAT | ibsindia.org/admissions/ |
| GATE | app.gate.iitk.ac.in |
| PGDBA | www.pgdba.iitkgp.ac.in |
| SNAP | www.snaptest.org |
| XAT | xatonline.in |
| IIFT | www.iift.ac.in |
Q. Is it a good idea to pursue MBA in 2023?
Ans. Yes, young professionals who want to learn about operations in successful firms should definitely go for MBA in 2023. You can pursue MBA in different specializations from Top MBA institutes in India and get a good job Placement too.
Q. Is it possible to pursue MBA without passing the CAT exam??
Ans. Yes, you are still eligible to pursue an MBA without passing the CAT entrance exam. There are many other entrance exams in India that can help you in getting admission to an MBA, such as XAT, NMAT, SNAP, CMAT, etc.
Also, there are some other institutions that give direct admission in MBA to MBA aspirants irrespective of any admission test. But CAT is required in case you want admission to IIMs.
Q. Is there any Benefit of doing an MBA in Mumbai?
Ans. Mumbai is the perfect location for you if you want a job in the Finance industry. MBA graduates can apply for jobs in banks.
MBA in Mumbai assures excellent study opportunities for MBA students
It is also known for providing the best job placement to students with handsome packages of up to Rs. 33 Lakhs. Cities like Mumbai, Bangalore, Delhi, and Pune are the hotspot places for outstanding employment opportunities in the IT sector, management, and business operations
Q. What are the best Private MBA colleges in India?
Ans. The Best Private MBA colleges in India are provided below along with the cities they are located in.
- Xavier Institute of Management, Jamshedpur - Jharkhand
- Indian School of Business, Hyderabad - Telangana
- S.P. Jain Institute of Management and Research, Mumbai - Maharashtra
- Birla Institute of Management Technology, Greater NOIDA - Uttar Pradesh
- Symbiosis School of Business Management, Pune - Mumbai
Q. Is it possible to get admission to an MBA without an entrance exam?
Yes, if you want to pursue MBA you must look at the table below considering the list of Best MBA colleges in India without entrance exams.
The table below shows the list of Best MBA Colleges in India without an entrance exam:
- Alliance School of Business - Alliance University
- Globsyn Business School Kolkata
- Aditya School of Business Management - ASBM Mumbai
- Shiv Nadar University
- Durgadevi Saraf Global Business School (DSGS) Mumbai
- Rajalakshmi School of Business, Chennai
- Pune Business School
- Sri Balaji University, Pune
- Vivekanand Business School (VBS)
- MET Mumbai
- Amrita School of Business, Coimbatore
Q. What is the MBA Admission process at the Top 5 MBA Colleges in Mumbai?
Ans. Admission to MBA programs at Top 5 MBA Colleges in Mumbai depends on the following reasons
- Achievement in graduation,
- Entrance examination score,
- Group Discussion and
- Personal Interviews
Above mentioned steps are organized by the institution itself. However, a point to be noted is that many colleges provide direct admission to MBA and many colleges require an entrance exam for MBA admission
Q. What are the Eligibility criteria at the Top 5 MBA colleges in Mumbai?
Ans. The Eligibility criteria for the Top 5 MBA Colleges in Mumbai are given below. Certain Colleges in Mumbai prefer entrance-based admission to MBA and some of the colleges provide direct MBA admission to students.
The Eligibility criteria for MBA admission in Mumbai are:
- 10 + 2 and graduation in any stream
- A minimum score of 50% (general category) and 45% (reserved category) in graduation
- Students in their final year of undergraduate courses are also eligible to enroll for MBA
- For direct admission to MBA (the candidate must not be a current government employee),
Q. What is the selection process for MBA?
Ans. Selection Process for MBA
- Entrance score
- Merit marks, GDs, Personal Interview
- Students who pass these rounds are eligible for admission. Seats will be given to students based on entrance marks and performance in these rounds.
Students who want admission, especially in IIMs must qualify for CAT or they can also apply through CMAT, MAT, XAT, and ATMA exams.
Q. Is there any benefit of doing an MBA in 2023?
Ans. MBA can be an important course in advancing your career. MBA is available in various specializations, each specialization has its own benefit. There comes many career opportunities with every specialisation.
Reasons to Pursue MBA are:
- Starting your own business and becoming an entrepreneur is one of the most important reasons.
- Enhancing Knowledge
- Gaining management skills and networking skills
- Improving your CV
- Getting handsome salary
Q. What are the job options available for MBA in HR?
Ans. After getting an MBA in human resources, aspirants might consider working as an HR executive at a company in the manufacturing sector, BPO/IT, corporate sector, service sector, education sector, banking sector, or other comparable industries. After completing an MBA program in human resources, one may start their career as an HR Generalist or HR Specialist.
Q. What are the job options available for MBA in Finance?
Ans. A career after MBA in Finance can be a job as a Finance Manager, Accounting Manager, Financial Manager/Analyst, Risk and Insurance Manager and Cash Manager Treasurer
Q. What are the job options available after MBA in Entrepreneurship?
Ans. You can become an owner of a small business, or a Business Advisor in a firm. Some of the other career options for an MBA in Entrepreneurship are to become a Corporate Supervisor, Sales manager, Fundraising, and Development manager
Q. What are the jobs after MBA in International Business?
Ans. Marketing Analyst, Government Affairs Director, Export Coordinator, and Export Manager are some of the job options available to you if you are a graduate with MBA in International Business.
Some of the MBA graduates from this specialization opt for becoming an International Finance Manager, Administrative Service Manager or International Business Development Manager
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