Top MBA Colleges in Mumbai with Low Fees

MBA is a popular course among the bachelors. Its most important advantage is that a student from any stream can pursue MBA in various specializations. This article contains information related to Top MBA Colleges in Mumbai with low fees.

The article highlights different career opportunities available to students after MBA. It will assist you if you want to learn more about the Top MBA Colleges in Mumbai with low fees. And also about the Top MBA Colleges in Mumbai with low fees that accept Top Entrance Tests along with the admissions requirements for MBA at the Top MBA colleges in Mumbai with low fees.

MBA degree is recognized all over the world that aims to improve and enhance the skills and expertise required for a business.

For the students who are willing to take admission without an entrance exam, the List of Top MBA Colleges in Mumbai with low fees that accept applications without an entrance test is also provided below.

Top MBA Colleges in Mumbai Highlights

MBA is one of the most preferred courses in India. Mumbai provides top-notch facilities and good career opportunities to MBA graduates. This article covers information regarding Top MBA Colleges in Mumbai with low fees. 

Check key highlights related to Top MBA Colleges in Mumbai

Degree	MBA
Full form	Master of Business Administration
Level	Postgraduate
Duration	2 years
Eligibility	Minimum 50% marks in Undergraduate degree (any stream)
No. of MBA colleges in Mumbai	More than 150 colleges
Admission Criteria	Entrance and Direct admission both
Entrance Exams accepted	CAT, MAT, NMAT, XAT, IIFT, SNAP, CMAT, ATMA
Top MBA Specialisations in Mumbai	Finance, Family business, Sales & Marketing, Human Resources, Healthcare & Hospital, Retail, Operations, International Business, IT & Systems, Business Analytics, Entrepreneurship, Supply Chain, etc.

Why Pursue MBA in Mumbai?

MBA is one of the most popular courses in India since business degrees are highly sought for. The benefit of an MBA program is that students from all educational backgrounds (any stream) can pursue this course. 

Mumbai is the place to be if you're seeking for a job in the finance industry. MBAs can apply for positions with banks like HDFC, Kotak Bank, ICICI Banks, etc. 

MBA in Mumbai offers excellent study opportunities as well as good job placement to students. Mumbai, Bangalore, Delhi, Pune, and other such cities have emerged as a hotspot for outstanding employment prospects in the IT sector, management, business operations, and administration.

Candidates considering pursuing MBA courses from cost-effective MBA colleges in Mumbai should go through the list of Top MBA Colleges in Mumbai with low fees.

Mumbai has a large number of sales and marketing positions open in organizations like Unilever, P&G, Godrej, etc. 

You can apply for positions at organizations like Star TV, Zee TV, JWT, Times of India, and many others since they are located in the media, advertising, and entertainment capital of India.

There are various normal MBA colleges in Mumbai, and it also appears to be the best option to further study after graduation. But, before you make a decision, you should acquire more information regarding MBA in Mumbai to make a conscious decision for a better future.

What is the Benefit of doing an MBA?

A Master of Business Administration, MBA is a postgraduate degree. Master of business administration (MBA) teaches both theory and practice in business or investment management. An MBA program is intended to provide graduates with a better knowledge of broad business management duties.

Aspirants may consider getting an MBA degree for a variety of reasons, including:

• Starting own business/becoming an entrepreneur.
• Change job profile to improve expertise, enhance knowledge and ensure better networking.
• Increase the value of one's CV
• Increase in income

Types of MBA 

Candidates seeking an MBA degree might look for any MBA program 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. 

A full-time MBA program has a duration of two years, but one-year full-time MBA programs are also available. 

Executive MBA (EMBA) programs are part-time programs developed for professionals with several years of leadership experience who do not meet the admission requirements for a usual MBA. 

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 MBA Colleges in Mumbai with low fees

Admission to MBA programs at Top MBA Colleges in Mumbai with low fees is dependent on a number of factors, including academic achievement, admission examinations, group discussions, and personal interviews, all of which are organized by the respective colleges. It should be noted, that not all colleges require entrance tests.

Entrance tests accepted at Top MBA Colleges in Mumbai with low fees are:

The table below shows the entrance tests required in order to take admission to some of the Top MBA Colleges in Mumbai with low fees:

College	Entrance test Accepted
SIMSREE	CAT, XAT, MAT
SIES College, Mumbai	CAT, MAT, CMAT and MAH MBA CET
JBIMS Mumbai	CAT, CMAT and MAH MBA CET
IIT Bombay	CAT
KJ Somaiya Institute of Management	CAT, CMAT, XAT, MAT, MAH MBA CET, ATMA, and GMAT
IES Management College and research center	CAT, CMAT, XAT, MAT, MAH MBA CET, ATMA and GMAT
Thakur Institute of Management Studies and Research	CAT, MAH MBA CET and GMAT
CAT, CMAT, XAT, MAH MBA CET, and GMAT	GMAT, CAT, XAT, MAT, MAH MBA CET and ATMA
CIMR Mumbai	CAT, XAT, MAT, CMAT, MAH MBA CET and ATMA

Eligibility criteria for Top MBA Colleges in Mumbai with low fees

The Eligibility criteria for Top MBA Colleges in Mumbai with low fees are given below. Some of the institutes prefer an entrance test for admission to an MBA, while some provide admission based on merit. Read below the eligibility criteria for MBA and the selection process for MBA.

1. The candidate must have completed 10+2 and graduated in any discipline from a certified government board.
2. The minimum mark for the general category is 50%, and the minimum mark for the reserved categories is 45%.
3. Students in their final year are also eligible to enroll in this program.
4. Foreign students must have a valid student visa and passport.
5. For direct admission (the candidate must not be a current government employee),

The Selection Process for MBA 2023

1. The entrance result will be used to make the selection.
2. Students will be chosen based on merit, through GD, personal interviews, and other rounds.
3. Students who pass these rounds are eligible for admission.
4. Seats will be assigned according to merit and performance in these rounds.

Students who want admission, especially in IIMs must qualify for CAT or they can also apply through MAT, XAT, CMAT, and ATMA exams. 

Documents Required For Direct Admission

• UG Provisional certificate/ Mark sheet
• Identity proof
• 10^th / 12^th Passing certificate
• Graduation certificate
• Migration certificate
• Photographs
• Entrance test mark sheet (if any)
• Category and domicile certificate (if any)

MBA Specialisation at Top MBA Colleges in Mumbai with Low Fees

MBA is available in various specializations like MBA in finance, MBA in logistics and supply chain management, MBA in Human resources, etc. You can pursue MBA in any specialization that suits your career perspective. To know more about MBA Specialisation at Top MBA Colleges in Mumbai with low fees, read below.

The following are some of the common MBA specializations provided by the Top MBA Colleges in Mumbai with low fees that applicants might consider before pursuing:

1. MBA in Business Analytics
2. MBA in Banking and Finance
3. MBA in Information Technology
4. MBA in Tourism Management
5. MBA in Retail 
6. MBA in Operation Management
7. MBA in sales and Marketing
8. MBA in International Business
9. MBA in Healthcare and Hospital Management
10. MBA in Supply Chain Management

MBA Scope and Career Opportunity

All over the world, more than 2,500 MBA programs are available for students. And more than 150  institutes are in Mumbai that provide MBAs in different specializations.

The completion of an MBA program demonstrates a commitment to obtaining, improving, and applying skills that can help a firm succeed. Furthermore, professionals with MBAs are more confident in their marketability and the amount of information they can provide to a wide range of activities.

MBA degree enhances the following skills in students

• Company report analysis
• Investment portfolio planning
• Stock value maximization  
• Economic trend forecasting 
• Principles of financial risk management etc.

MBA Career Opportunities

There are different specializations in MBA provided by Top MBA colleges in Mumbai with low fees. Every specialization has its own career opportunities. Below are the Career opportunities available to students after various specializations.

Career Opportunity after MBA in Finance

• Finance Manager 
• Accounting Manager,
• Financial Manager/Analyst
• Risk and Insurance Manager, 
• Cash Manager Treasurer

Career Opportunity after MBA in Entrepreneurship

• Owner of a small business, 
• Business Advisor
• Corporate Supervisor
• Sales manager, 
• Fundraising, and Development

Career Opportunity after MBA in International Business

• Marketing Analyst
• Government Affairs Director
• Export Coordinator
• Export Manager
• International Finance Manager
• Administrative Service Manager
• International Business Development Manager

Career Opportunity after MBA in IT and Systems

• IT Manager/Consultant, 
• Analytics Manager, 
• System Manager, and
• Product Manager,
• Information Systems Managers, 
• Systems Analysts
• Business Development 
• Business Analyst, 
• Marketing Manager, 
• Data Processing Manager, 

Career Opportunity after MBA in Operations

• Operations Manager, 
• Inventory Control Managers, and
• Project Managers, 
• Supply Chain Manager

Career Opportunity after MBA in Logistics and Supply Chain Management 

• Supply Chain Performance Analyst
• Supply Chain Consultant 
• Demand Planning Analyst
• Distribution Centre Supervisor
• VP of Supply Chain Operations
• Purchase Manager
• Warehouse Operations Manager
• Logistics and Transportation Analyst

Career Opportunity after MBA in Healthcare Management

• Hospital CEO 
• Hospital Administrator  
• Healthcare IT Consultant 
• Pharmaceutical Product Manager 
• Hospital CFO

Career Opportunity after MBA in HR 

• Training and Development in Recruitment
• coordination of employee benefits, and 
• Payroll management,
• managing competition

Career Opportunity after MBA in Sales and Marketing

• market research analyst 
• product manager 
• sales manager 
• media planner 
• internet marketing manager

Top 10 MBA Colleges in India

The top 10 MBA Colleges in India consist of IIM Bangalore, IIM Calcutta, IIM Ahmedabad etc. 

The top 10 MBA Colleges in India are listed below:

NIRF Ranking	Top 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

Top MBA Colleges in Mumbai

In order to take admission we need to know about the college we are taking into consideration for MBA admission. To know about the Top MBA colleges in Mumbai in order to take admission, see the table below that contains the list of Top MBA colleges in Mumbai.

S. No.	MBA Colleges In Mumbai
1.	National Institute of Industrial Engineering - NITIE Mumbai
2.	Jamnalal Bajaj Institute of Management Studies - JBIMS
3.	Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay
4.	SP Jain Institute of Management & Research - SPJIMR
5.	SIMSREE, Mumbai
6.	Narsee Monjee Institute of Management Studies - NMIMS
7.	K.J Somaiya Institute of Management
8.	Xavier Institute of Management and Research - XIMR Mumbai
9.	N.L. Dalmia Institute of Management studies and Research
10.	Welingkar Mumbai
11.	SIES, Mumbai
12.	ITM, Navi Mumbai
13.	Tata Institute of Social Sciences - TISS
14.	Atharva Institute of Management Studies - AIMS
15.	ATLAS SkillTech University Mumbai
16.	MET Mumbai
17.	IES Management College And Research Centre, Mumbai
18	IBS Mumbai: ICFAI Business school
19	Aditya School of Busines Management
20.	Chetana’s Institute of Management and Research
21.	Durgadevi Saraf Global Business School - DSGS
22.	Guru Nanak Institute of Management Studies

Top MBA Colleges in Mumbai with Low Fees 

MBA is a popular course among youngsters and new graduates. There is a widespread belief that after someone has completed an MBA, their career trajectory takes off. Unfortunately, though, this is not always what happens. 

After receiving their MBAs, not all applicants are able to secure their ideal position and earn a respectable income. Therefore, everyone has to have clearly defined goals in order to have a successful job after receiving an MBA degree. 

If you are interested to pursue MBA in Mumbai and you want to pursue MBA from Top MBA Colleges in Mumbai with low fees, then you might take into consideration the table provided below that mentions the list of Top MBA Colleges in Mumbai with low fees. 

In order to make it easy for you, the Top MBA Colleges in Mumbai with low fees are provided below:

S.No.	MBA Colleges in Mumbai	Fee structure (approx.)
1.	Jamnalal Bajaj Institute of Management Studies - JBIMS	Rs. 5.89 Lakhs
2.	Tata Institute of Social Sciences - TISS	Rs. 1.9 Lakhs
3.	Sydenham Institute of Management Studies, Research and Entrepreneurship Education - SIMSREE	Rs. 2.30 Lakhs
4.	K.J Somaiya Institute of Management	Rs. 3.2 Lakhs
5.	N.L. Dalmia Institute of Management studies and Research	Rs. 12.5 Lakhs
6.	MET Mumbai	Rs. 9.88 Lakhs
7.	Xavier Institute of Management and Research - XIMR Mumbai	Rs. 5.5 Lakhs
8.	Chetana’s Institute of Management and Research	Rs. 9.10 Lakhs
9.	Aditya School of Busines Management	Rs. 7. 76 Lakhs
10.	Chetana’s Institute of Management and Research	Rs. 7.70 lakhs
11.	Durgadevi Saraf Global Business School - DSGS	Rs. 7.25 Lakhs
12.	Guru Nanak Institute of Management Studies	Rs. 6.98 Lakhs

(The fee structure above is an approximate amount, subject to change yearly. Students are advised to refer to the official website of their respective colleges for fee information, or contact us for any query)

Placements at Top MBA Colleges in Mumbai with Low Fees

Top MBA colleges in Mumbai with low fees provide attractive placement opportunities for students. Students from institutes like SPJIMR were placed for approximately Rs. 33 LPA. The Placements at top MBA colleges in Mumbai range from Rs. 4.50 LPA to Rs. 33.02 LPA. 

The table below shows the details of Placement at Top MBA Colleges in Mumbai with low fees.

S.No.	MBA Colleges in Mumbai	Placement (Approx.) (LPA)
1.	SP Jain Institute of Management & Research - SPJIMR	Rs. 33.02
2.	Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay	Rs. 28.90
3.	Jamnalal Bajaj Institute of Management Studies - JBIMS	Rs. 27.60
4.	Tata Institute of Social Sciences - TISS	Rs. 27.20
5.	National Institute of Industrial Engineering - NITIE	Rs. 25.40
6.	BITS School of Management – BITSOM	Rs. 23.85
7.	Narsee Monjee Institute of Management Studies - NMIMS	Rs. 23.10
8.	IIM Nagpur	Rs. 16.70
9.	SDA Bocconi Asia Center Mumbai	Rs. 14.30
10.	Sydenham Institute of Management Studies, Research and Entrepreneurship Education - SIMSREE	Rs. 13.33
11.	K J Somaiya Institute of Management, Mumbai	Rs. 12.20
12.	Prin L N Welingkar Institute of Management Development and Research	Rs. 12.20
13.	IMT Nagpur	Rs. 10.60
14.	SIES Navi Mumbai	Rs. 8.70
15.	Institute for Technology and Management - ITM Navi Mumbai	Rs. 8.65

(Students are advised to visit the official website of the colleges to know about exact placement details)

Among the recruiters at Top MBA Colleges in Mumbai with Low fees, some of the Top Recruiters were

• Apple
• Aditya Birla Group
• Hindustan Unilever
• Yes Bank
• Amazon
• Deloitte
• JPMC
• HDFC Bank
• ICICI Bank
• Citigroup

Frequently Asked Questions about Top MBA Colleges in Mumbai

Q. What are the Top 5 MBA Colleges in Mumbai? What is their Fee Structure?

Ans. The table below contains the list of Top MBA colleges in Mumbai with fees.

S.No.	Top MBA Colleges in Mumbai	Fee structure (approx.)
1.	SP Jain Institute of Management & Research -SPJIMR	Rs. 20.5 Lakhs
2.	Shailesh J. Mehta School of Management - SJMSoM-IIT Bombay	Rs. 14 Lakhs
3.	Jamnalal Bajaj Institute of Management Studies - JBIMS	Rs.   6 Lakhs
4.	TISS Mumbai	Rs.   1.9 Lakhs
5.	National Institute of Industrial Engineering - NITIE Mumbai	Rs. 12.60 Lakhs

Q. Is there any Placement opportunity at MBA colleges in Mumbai with Low Fees?

Ans. Yes, the students pursuing MBA from MBA Colleges in Mumbai with low fees get placed at companies. MBA colleges in Mumbai provide attractive placement opportunities for students. Students from institutes like SPJIMR were placed for approximately Rs. 33 LPA. The Placements at top MBA colleges in Mumbai range from Rs. 4.50 LPA to Rs. 33.02 LPA.

The table below shows the Top MBA Colleges in Mumbai with Placements.

S.No.	MBA Colleges in Mumbai	Placement (Approx.) (LPA)
1.	SIMSREE	Rs. 23
2.	IIT Bombay	Rs. 28.90
3.	Jamnalal Bajaj Institute of Management Studies - JBIMS	Rs. 27.60
4.	SIES Mumbai	Rs. 20
5.	National Institute of Industrial Engineering - NITIE	Rs. 25.40

(Students are advised to visit the official website of the colleges to know about exact placement details)

Q. What are the Top Recruiters at Top MBA Colleges in Mumbai with Low fees?

Ans. Among the recruiters at Top MBA Colleges in Mumbai with Low fees, some of the Top Recruiters were

• Apple
• Aditya Birla Group
• Hindustan Unilever
• Yes Bank
• Amazon
• Deloitte

Q. What are the Top MBA entrance exams in India?

Ans. Admission to an MBA can be taken by giving state-level or national-level entrance exams. Below are the details of some of the MBA entrance exams 2023, a student needs to appear in order to take admission to MBA colleges.

Entrance Exam	No. of Questions and time duration	Time duration	Official Website
CAT	66	120 minutes	iimcat.ac.in
ATMA	180	180 minutes	atmaaims.com
XAT	102	210 minutes	xatonline.in
IIFT	110	120 minutes	www.iift.ac.in
NMAT by GMAC	108	120 minutes	www.mba.com/en-in/exams/nmat
SNAP	60	60 minutes	www.snaptest.org
GMAT	80	187 minutes	www.mba.com
PGDBA	50	180 minutes	www.pgdba.iitkgp.ac.in
IBSAT	140	120 minutes	ibsindia.org/admissions/
GATE	65	180 minutes	app.gate.iitk.ac.in

Q. Would getting an MBA after graduating in 2023 be a good idea?

Ans. Young professionals who wish to learn how to operate a successful firm might consider taking MBA courses. Due to one’s expertise in marketing and finance, which other employees of the company may not have, employers frequently want to hire or promote candidates with MBAs.

Q. Can I get my MBA if I don't pass the CAT?

Ans. Yes, you are still able to pursue an MBA without taking the CAT. Other MBA admission tests, such as the XAT, NMAT, SNAP, CMAT, etc., are also an option. Also, some institutions give direct admission to students irrespective of the entrance test. But without passing CAT, you won't be able to enroll in prestigious business institutions like the IIMs.

Q. What is the Benefit of doing an MBA in Mumbai?

Ans. Mumbai is the place to be if you're seeking for a job in the finance industry. MBAs can apply for positions with banks like HDFC, Kotak Bank, ICICI Banks, etc. 

MBA in Mumbai offers excellent study opportunities as well as good job placement to students. Mumbai, Bangalore, Delhi, Pune, and other such cities have emerged as a hotspot for outstanding employment prospects in the IT sector, management, business operations, and administration

Mumbai has a large number of sales and marketing positions open in organizations like Unilever, P&G, Godrej, etc. 

You can apply for positions at organizations like Star TV, Zee TV, JWT, Times of India, and many others since they are located in the media, advertising, and entertainment capital of India.

Q. What are the Private MBA colleges in India?

Ans. The List of Best MBA colleges in India that are private institutes, is provided below along with their location.

1. Xavier Institute of Management, Jamshedpur
2. Indian School of Business, Hyderabad
3. S.P. Jain Institute of Management and Research, Mumbai
4. Birla Institute of Management Technology, Greater NOIDA
5. Symbiosis School of Business Management, Pune

Q. Can I get admission to an MBA without giving an Entrance Exam?

Ans. Yes, if you want to take admission to an MBA you must take into consideration the following list of the Best MBA colleges in India without entrance exams.

The table below shows the list of Best MBA Colleges in India without an entrance exam:

MBA colleges in India without entrance exam

Alliance School of Business - Alliance University	Aditya School of Business Management - ASBM Mumbai
Globsyn Business School Kolkata	MET Mumbai
Pune Business School	Vivekanand Business School (VBS)
Sri Balaji University, Pune	Rajalakshmi School of Business, Chennai
Durgadevi Saraf Global Business School (DSGS) Mumbai	Amrita School of Business, Coimbatore
Shiv Nadar University	Vignana Jyothi Institute of Management (VJIM) Hyderabad

Q. What is the Admission to MBA programs at Top MBA Colleges in Mumbai with low fees

Ans. Admission to MBA programs at Top MBA Colleges in Mumbai with low fees is dependent on a number of factors, including academic achievement, admission examinations, group discussions, and personal interviews, all of which are organized by the respective colleges. It should be noted, that not all colleges require entrance tests.

Q. What are the Eligibility criteria for MBA 2023?

Ans. Eligibility criteria for MBA 2023

1. The candidate must have completed 10+2 and graduated in any discipline from a certified government board.
2. The minimum mark for the general category is 50%, and the minimum mark for the reserved categories is 45%.
3. Students in their final year are also eligible to enroll in this program.
4. Foreign students must have a valid student visa and passport.
5. For direct admission (the candidate must not be a current government employee).

Q. What is the selection process for MBA 2023?

Ans. The selection process for MBA 2023

1. The entrance result will be used to make the selection.
2. Students will be chosen based on merit, through GD, personal interviews, and other rounds.
3. Students who pass these rounds are eligible for admission.
4. Seats will be assigned according to merit and performance in these rounds.

Students who want admission, especially in IIMs must qualify for CAT or they can also apply through MAT, XAT, CMAT, and ATMA exams. 

Q. What is the benefit of doing an MBA in 2023?

Ans. A Master of Business Administration, MBA is a postgraduate degree that teaches both theory and practice in business or investment management. An MBA program is intended to provide graduates with a better knowledge of broad business management duties.

Aspirants may consider getting an MBA degree for a variety of reasons, including:

• Starting own business/becoming an entrepreneur.
• Change job profile to improve expertise, enhance knowledge and ensure better networking.
• Increase the value of one's CV
• Increase in income

Q. What are the career opportunities after MBA in Operations?

 Ans. Career Opportunity after MBA in Operations

• Operations Manager, 
• Inventory Control Managers, and
• Project Managers, 
• Supply Chain Manager

Q. What are the career opportunities after MBA in IT and Systems?

Ans. Career Opportunity after MBA in IT and Systems

• IT Manager/Consultant, 
• Analytics Manager, 
• System Manager, and
• Product Manager,
• Information Systems Managers, 
• Systems Analysts
• Business Development 
• Business Analyst, 
• Marketing Manager, 
• Data Processing Manager,