Best MBA Colleges in Mumbai
Saurav Anand
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September 24, 2022
Best MBA Colleges in Mumbai 2022
Top MBA Colleges in Mumbai 2022 include SPJIMR, SBM NMIMS, IIT Bombay, Shailesh J. Mehta School of Management- [SJMSOM], and more. In This article, you will find the Top MBA Colleges in Mumbai and Best MBA colleges in Mumbai, and MBA Colleges in Mumbai with Fees and more. Many Top MBA colleges in Mumbai offer MBA (Master of Business Administration) and PGDM (Postgraduate Diploma in Management) programs online, in person, and in distance learning. Over 260 top MBA colleges are located in Mumbai, also known as India’s “City of Dreams” and the “Finance Capital.” Over 57 Top MBA colleges in Mumbai have gained approval from the AICTE, whereas 17 have been approved by the UGC.
MBA colleges in Mumbai with fees that range from Indian Rupees 50,000 to 30 lakhs per year, depending on the college. KCCMS Mumbai, Mumbai University, and KJSCCETR Mumbai are some of the top MBA colleges in Mumbai with low fees than INR 60,000. There are some Government MBA Colleges in Mumbai. National Institute of Industrial Engineering – [NITIE], Mumbai, Mumbai University – [MU], Mumbai, IIT Bombay – Indian Institute of Technology – [IITB], Mumbai, and more are on the list of Top 10 Government MBA Colleges in Mumbai. NMIMS, Mumbai, SPJIMR, Mumbai, JBIMS Mumbai, NITIE Mumbai, K J Somaiya Institute of Management, Mumbai, SIMSREE, Mumbai, SIES, Mumbai, Chetana’s Institute of Management and Research, IESMCRC, Mumbai, and SDA Bocconi Asia Center, Mumbai are the Top 10 MBA Colleges in Mumbai. . There are Top MBA colleges in Pune 2022, such as MU College of Commerce and National Insurance Academy – [NIA] Pune, offer MBA programs in distance learning regular, and part-time formats. On this website, you will get all details of MBA colleges in Delhi, BBA colleges in Mumbai, and MBA colleges in Bangalore.
Best Colleges in Mumbai: Highlights
| Parameters | Particulars/ Statistics |
|---|---|
| No. of top MBA colleges in Mumbai (by NIRF) | Six |
| Annual fees | - Annual fee more than INR 5 lakh: 16.67 percent - Annual fee less than INR 1 lakh: 83.33 percent |
| Top specialisations | Operations, Entrepreneurship, Finance, Sales and Marketing, Business Economics, Family Business, Human Resources, IT and Systems, International Business, Retail, among others |
| Admission Process | Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP |
Top 10 MBA Colleges in Mumbai
NMIMS, Mumbai, SPJIMR, Mumbai, JBIMS Mumbai, NITIE Mumbai, K J Somaiya Institute of Management, Mumbai, SIMSREE, Mumbai, SIES, Mumbai, Chetana’s Institute of Management and Research, IESMCRC, Mumbai, and SDA Bocconi Asia Center, Mumbai are the Top 10 MBA Colleges in Mumbai. Top MBA Colleges in Mumbai and Best MBA Colleges in Mumbai provide MBA and PGDM programs online, offline, and also distance learning. The top MBA colleges in Mumbai, along with their fees structures, are listed below:
| 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 |
MBA Colleges in Mumbai with Fees
There are over 106 private MBA Colleges in Mumbai and 11 government MBA Colleges in Mumbai out of 262 MBA colleges in Mumbai. MBA colleges in Mumbai with fees that range from Indian Rupees 50,000 to 30 lakhs per year, depending on the college. Here Is the list of MBA Colleges in Mumbai with fees which is given below:
| Institute Name | Fees (In Rs lakhs) |
|---|---|
| K J Somaiya Institute of Management | 14.93 |
| Prin. L. N. Welingkar Institute of Management Development & Research | 11 |
| IMT Nagpur: Institute of Management Technology | 14 |
| SP Jain School of Global Management - Dubai - Mumbai - Singapore - Sydney | 38.78 |
| IIT BOMBAY: Shailesh J Mehta School of Management Mumbai | 8.73 |
| SIES College of Management Studies, Navi Mumbai | 9 |
| N. L. Dalmia Institute of Management Studies and Research, Mumbai | 8.7 |
| IES Management College And Research Centre, Mumbai | 8.27 |
| IIM Nagpur: Indian Institute of Management | 13.75 |
| ITM Navi Mumbai: ITM Group of Institutions | 9.3 |
Top MBA Colleges in Mumbai with Low Fees
The average annual fee in Top MBA colleges in Mumbai for pursuing MBA programs is INR 55,000 – 23 Lakhs. KCCMS Mumbai, Mumbai University, and KJSCCETR Mumbai are some of the top MBA colleges in Mumbai with low fees than INR 60,000. The following are the Top MBA colleges in Mumbai with low fees:
| Name of the College | Average Annual Fees |
|---|---|
| K. C. College of Management Studies - [KCCMS], Mumbai | INR 45,000 |
| Indian School of Management & Studies - [ISMS], Mumbai | INR 44,090 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai | INR 36,250 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| National Academy of Management Studies - [NAMS], Mumbai | INR 25,000 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| University of Mumbai, Institute of Distance & Open Learning - [IDOL], Mumbai | INR 17,625 |
| SNDT Women's University, Centre of Distance Education - [SNDT CDE], Mumbai | INR 15,800 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
Top 10 Government MBA Colleges in Mumbai
IIT Bombay is one of the Top 10 Government MBA Colleges in Mumbai. National Institute of Industrial Engineering – [NITIE], Mumbai, Mumbai University – [MU], Mumbai, Women’s University – [SNDT], Mumbai, Hansraj Jivandas College of Education, Mumbai are in the list of Top 10 government MBA colleges in Mumbai. The following is a list of the top 10 MBA colleges in Mumbai, along with their average annual fees:
| Name of the College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 6,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Thakur Global Business School - [TGBS], Mumbai | INR 4,80,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
Top MBA Colleges in Pune
There are Top MBA colleges in Pune 2022, such as MU College of Commerce and National Insurance Academy – [NIA] Pune, which offer MBA programs in distance learning in regular, and part–time formats. Here are the Top MBA colleges in Pune along with their fees structure which is given below:
| College/ University Name | Average Annual Fees |
|---|---|
| Symbiosis Institute of Business Management - [SIBM], Pune | INR 10,76,000 |
| Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune | INR 9,60,000 |
| National Insurance Academy - [NIA], Pune | INR 9,43,000 |
| Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development - [IMED], Pune | INR 2,25,000 |
| Pune Institute of Business Management - [PIBM], Pune | INR 7,95,000 |
| Symbiosis Institute of International Business - [SIIB], Pune | INR 7,90,000 |
| International Institute of Management Studies - [IIMS], Pune | INR 3,96,000 |
| Balaji Institute of Modern Management - [BIMM], Pune | INR 4,80,000 |
| Vaikunth Mehta National Institute of Co-Operative Management - [VAMNICOM], Pune | INR 3,15,000 |
| Balaji Institute of Management and Human Resource Development - [BIMHRD], Pune | INR 4,80,000 |
MBA colleges in Bangalore
MBA colleges in Bangalore offer more MBA options in Bangalore by providing high-quality education at a low cost and with a high return on investment. The most prestigious MBA programs in Bangalore are listed alphabetically below. These MBA colleges in Bangalore have provided a diverse range of MBA courses with effective learning and industry interaction over the years, and they are on par with top IIMs. Aside from the top MBA colleges in Bangalore, which are listed in descending order, there are over 100 management institutes in Bangalore that offer quality MBAs in Bangalore. Here is the list of MBA colleges in Bangalore along with their fees structure which is given below:
| MBA Colleges in Bangalore | Type of MBA College | Fee for MBA College in Bangalore (Rs.in Lakhs) |
|---|---|---|
| IIM Bangalore: Indian Institute of Management | Central Government Autonomous Institute | 23.2 |
| TAPMI Manipal: T A Pai Management Institute | AICTE-approved PGDM College | 15.1 |
| SIBM Bangalore: Symbiosis Institute of Business Management | Symbiosis International University (SIU) Pune MBA college | 16 |
| Amrita School of Business, Bengaluru | Amrita Vishwa Vidyapeetham University, Bengaluru | 10.6 |
| XIME Bangalore: Xavier Institute of Management and Entrepreneurship | AICTE-approved PGDM College | 11 |
| Christ University Bengaluru: Institute of Management | Christ University Bangalore MBA college | 7.85 |
| Alliance School of Business - Alliance University | Alliance University Bangalore MBA college | 13.5 |
| JAGSOM Bangalore: Jagdish Sheth School of Management Bangalore | AICTE-approved PGDM College | 12 |
| SDMIMD Mysore: SDM Institute For Management Development | AICTE-approved PGDM College | 11.2 |
| Indus Business Academy - IBA Bangalore | AICTE-approved PGDM College | 8.51 |
MBA colleges in Delhi
Delhi NCR is home to some of India’s most prestigious government and private MBA colleges. The table below contains a list of the MBA colleges in Delhi NCR, as well as their average annual fee structure:
| College/ University Name | Average Annual Fees |
|---|---|
| Department of Management Studies, Indian Institute of Technology Delhi - IIT Delhi - [DMS IITD] | INR 10,80,000 (Total Fees) |
| LBSIM - Lal Bahadur Shastri Institute of Management, New Delhi | INR 7,20,000 |
| Birla Institute of Management Technology - [BIMTECH], Greater Noida | INR 12,00,000 (Total fees) |
| Faculty of Management Studies, Manav Rachna International Institute of Research and Studies, Faridabad | INR 96,000 |
| JIMS Rohini, Sector-5 - Jagan Institute of Management Studies | INR 15,90,000 (Total Fees) |
| Management Development Institute, Gurugram | INR 9,43,000 |
| Indian Institute of Foreign Trade - [IIFT], New Delhi | INR 9,39,000 |
| IMI Delhi - International Management Institute, New Delhi | INR 9,11,850 |
| IIM Rohtak - Indian Institute of Management | INR 8,35,000 |
| Amity University, Noida | INR 6,08,000 |
MBA Colleges in Mumbai without Entrance Exam
An entrance exam score is a requirement for admission to any prestigious management institute or business school. A student can also apply for direct admission to an MBA program without taking an entrance exam. Here is a list of MBA colleges in Mumbai without entrance exam scores which is given below:
| Institute Name | Course Offered | Fees (INR) |
|---|---|---|
| A.C Patil College of Engineering (ACPEC) | MBA | 1.82 Lakh |
| Aditya Institute of Management Study and Research | MBA/MMS | 7.60 Lakh |
| Amity Global Business School AGBS Mumbai | MBA | 6.24 Lakh |
| Amity University (AU Mumbai) | MBA/MMS | 7.44 Lakh |
| Anjuman-I-Islams Allana Institute of Management Study(AIAIMS) | MBA/MMS | 1.20 Lakh |
| Aruna Manharlal Shah Institute of Management and Research (AMSIMR) | MBA | 3.0 Lakh |
| Atharva Institute of Management studies | MBA | 7.68 Lakh |
| Athena School of Management | MBA/MMS | 12.0 Lakh |
| BVIMSR | MBA/MMS | 4.59 Lakh |
| Chetana's Institute of Management and Research(CMIR) | MBA/MMS | 7.50 Lakh |
Top MBA Colleges in Mumbai through CAT
Top MBA colleges in Mumbai shortlist and admit students to their flagship MBA/PGDM programs based on CAT 2021 scores. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai is a student favorite and one of the best MBA colleges in Mumbai, with a low fee structure, and high placements. This top MBA college in Mumbai has a CAT score cut off of 95+ percentile! Other top MBA colleges in Mumbai through CAT 2021 scores include SPJIMR Mumbai, NITIE Mumbai, SJMSOM-IIT Mumbai, Kohinoor Business School, and IIM Nagpur.
| MBA Colleges in Mumbai accepting CAT Score | Expected Cut Off |
|---|---|
| SPJIMR Mumbai | CAT 90-100 |
| IIT BOMBAY Mumbai | CAT 80-90 |
| NITIE Mumbai | CAT 80-90 |
| K J Somaiya Institute of Management Mumbai | CAT 87 |
| BITS School of Management - BITSOM | CAT 80-90 |
| Prin. L. N. Welingkar WE School Mumbai | CAT 70-80 |
| Vijay Patil School of Management (VPSM): DY Patil University Navi Mumbai | CAT 70-80 |
| Institute of Management Technology Nagpur | CAT 70-80 |
| SDA Bocconi Mumbai | CAT 70-80 |
| SIMSREE Mumbai | CAT 75 |
Top MBA Colleges in Mumbai Accepting MAT Score
Admission to the Top MBA colleges in Mumbai requires the Entrance exam. One of the entrance exams is MAT. Here is the list of Top MBA Colleges in Mumbai Accepting MAT Score which is given below:
| MBA Colleges in Mumbai Accepting MAT score | Expected MAT Cut off percentile |
|---|---|
| SIES School of Business Studies Navi Mumbai | 80-90 |
| ITM Navi Mumbai | 60-70 |
| Chetana’s CIMR Mumbai | 80-90 |
| N. L. Dalmia Institute of Management Studies and Research Mumbai | 70-80 |
| Vivekanand Business School (VBS) Mumbai | 70-80 |
| IES Management College And Research Centre (IESMCRC) Mumbai | 70-80 |
| MET Mumbai | 70-80 |
| Kohinoor Business School Mumbai | 70-80 |
| Durgadevi Saraf Institute of Management Studies Mumbai | 70-80 |
| Vijaybhoomi University Mumbai | 70-80 |
Frequently Asked Questions:
Q. Which is the No 1 college in Mumbai?
Ans. In this, you can find the Top 10 MBA colleges in Mumbai with their fee structure.
Q. Is an MBA worth it in Mumbai?
Ans. At the Mumbai campus, the highest salary for the MBA HR batch was INR 21 LPA. PPOs were also awarded to 24 percent of the MBA Core batch and 23 percent of the MBA HR batch during the placement. The MBA program’s average salary was 18.45 LPA.
Q. What are the different specializations offered in MBA colleges in Mumbai?
Ans. The following are the top seven specializations offered by MBA colleges in Mumbai: Finance Entrepreneurship Operations Marketing and sales Business Economics, Family Business, and Human Resources are all terms used in the business world.
Q. Which is the best college for MBA in Mumbai based on placements?
Ans. National Institute of Industrial Engineering (NITIE), Mumbai Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai SPJIMR, Mumbai KJ Somaiya Institute of Management, Mumbai NMIMS School of Business Management, Mumbai are the top five MBA colleges in Mumbai in terms of placements.
Q. Which MBA Colleges in Mumbai provide the best study material?
Ans. All of the institutes on our list of the Best MBA Colleges in Mumbai offer excellent study materials, but Rank 1 is widely regarded as the best by students.
Q. What are the top MBA colleges in Mumbai?
Ans. The top MBA colleges in Mumbai offer different management courses such as MBA and PGDM. The city has 109 private and 10 government MBA colleges at present. Some of the top names in the city offering management education involve IIT Bombay, SP Jain Mumbai (SPJIMR), Narsee Monjee Mumbai (NMIMS), NITIE Mumbai, etc.
Q. How is SJMSOM IIT Bombay for an MBA?
Ans. There are 119 top MBA colleges in Mumbai, out of which 109 are private MBA colleges and 10 are public-funded MBA colleges. The National Institutional Ranking Framework ( NIRF ), India ranks SJMSOM IIT Bombay as the best MBA college in Mumbai. The institute ranked 10 among the top MBA colleges in India.
Q. What are the popular exams to qualify MBA in Mumbai?
Ans. Various exams accepted in Mumbai for MBA admission include CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test score, etc.
Q. What are the average MBA packages offered in JBIMS Mumbai?
Ans. The average MBA packages offered in JBIMS Mumbai and NMIMS Mumbai are INR 18.13 lakh and INR 17.58 lakh in the past years. The popular recruiters in top MBA colleges in Mumbai are Boston Consulting Group, Kotak Mahindra Bank, Brain & Company, Jindal Steel and Power, etc.
Q. What are the best BCom colleges in Mumbai?
- Mithibai College of Arts (Mithibai College),Chauhan Institute of Science Amrutben Jivanlal College of Commerce and Economics,Mumbai
- Jai Hind College,Mumbai
- NM College,Mumbai
- Xavier's College,Mumbai
- R. College of Commerce and Economics,Mumbai
Q. What are the top medical colleges in Mumbai?
- Padmashree Dr.
- The best government medical colleges in Mumbai include GSMC Mumbai,LTMMC,SJMSOM Mumbai,etc.
- Lokmanya Tilak Municipal Medical College Mumbai,TMC Mumbai and PDPU Mumbai are some of the best MBBS colleges in Mumbai.
- Admissions into the top medical colleges in Mumbai are done through NEET scores followed by a GD/PI round.
Q. Which are the best MBA colleges in Mumbai?
- NITIE Mumbai - National Institute of Industrial Engineering
- SJMSOM IIT Bombay - Shailesh J Mehta School of Management,Indian Institute of Technology,Bombay
- SPJIMR,Mumbai
- School of Business Management SVKM’s Narsee Monjee Institute of Management Studies,Mumbai
- IIM Nagpur
- JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies
Q. What are the best MBA colleges in the world?
- Standard GSB,USA. When we talk about MBA colleges; Standard GSB is most remarkable to set your future on a vitality.
- IE Business School,Europe. Most of the non-MBA programs are mostly in Europe and the UK are one year in duration.
- London Business School,United Kingdom.
- Rotman school of management,Canada.
- Queensland Business School,Australia.