List of Government MBA colleges in Mumbai with fees structure 2022

List of Government MBA colleges in Mumbai with fees structure 2022

Introduction

List of government MBA college in Mumbai with fees structure 2022 – Top MBA colleges in Mumbai and Best MBA colleges in Mumbai includes the best private MBA colleges in Mumbai and the best government MBA colleges in Mumbai. SPJIMR is always listed in the list of best colleges for MBA in Mumbai. There is a number of colleges in Mumbai, but some of them that are SPJIMR, NITIE, SIMSREE, SJMSOM, and K J Somaiya is the top 5 MBA colleges in Mumbai.

IIT Bombay comes in the number one place of the 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 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 at Mumbai University revolve 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 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.

Government MBA College in Mumbai

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently alluded to as the “City of Dreams” or the “Finance Capital of India” is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. Best MBA college in Mumbai offers MBA with various specializations including Finance and Marketing Supply Chain Management and Urban Planning.

There are 262 MBA colleges in Mumbai, of which 106 are private and 11 are MBA government colleges in Mumbai.

Indian Institute of Technology – [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management and Research are ranked 10, 12, and 19 respectively by NIRF Ranking 2021.

Shailesh J. Mehta School of Management-[SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are the absolute best colleges for MBA in Mumbai.

MBA admissions into the best MBA Colleges in Mumbai are for the most part finished through an entrance test called CAT. Anyway, numerous colleges additionally acknowledge other management entrance test scores like MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even GMAT and GRE.

IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies – [BVCHTMS] Navi Mumbai, and ITM Institute of Hotel Management – [ITM-IHM] Mumbai are the absolute Best Hotel Management Colleges in Mumbai.

The average charges for chasing after MBA/PGDM courses from the top MBA colleges in Mumbai can run between INR 50,000 to 30 Lakhs each year relying on the colleges.

A portion of the top MBA colleges in Mumbai with expenses not as much as INR 60,000 incorporate K. C. College of Management Studies – [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.

The best MBA colleges in India offer worthwhile arrangement opportunities with high bundles and great ROI. The average CTC is offered at INR 18-30 LPA.

Accenture, Amazon, Axis Bank, HCL, HDFC, and so on are a portion of the first-class organizations that partake in the position drives offered by the top MBA colleges in Mumbai.

SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the main 10 MBA colleges in Mumbai.

MBA Colleges In Mumbai Accepting CAT, XAT, and NMAT Scores In 2022

  • Top colleges in Mumbai shortlist and overture admission to MBA courses based on the score of the CAT and XAT exams.
  • SPJIMR Mumbai is one of the best MBA colleges in Mumbai which accepts only CAT exam scores.
  • Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai offers an MBA course with a low fee structure, strong alumni base, and high placements is the top autonomous MBA college in Mumbai that accepts CAT scores.
  • The CAT score cut-off at JBIMS is 95+ percentile!
  • NITIE Mumbai, SJMSOM-IIT Mumbai, and IIM Nagpur also accept only CAT scores for admission.
  • K J Somaiya Institute of Management accepts CAT, XAT, and NMAT scores for admission.
  • SIMSREE, SIES, and SDA Bocconi are other top MBA colleges in Mumbai which accept CAT and XAT scores.
  • School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS) accepts only NMAT by GMAC scores and does not accept CAT or XAT scores in admission.

MBA Colleges In Mumbai Accepting MAT and CMAT Scores In 2022

  • If one is not scoring a decent CAT or XAT score, then also many top MBA colleges in Mumbai like K J Somaiya Institute of Management Mumbai, Welingkar, Chetana’s Institute of Management and Research, SIES Mumbai, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, DSIMS Mumbai, Guru Nanak Institute of Management Studies (GNIMS), BVIMSR, Mumbai; offers admissions based on CAT, XAT, CMAT/MAT, or both CMAT and MAT exam scores.
  • If you have a 70 to 90+ percentile score in CMAT or MAT, you are eligible for admission to any good MBA college in Mumbai.

MBA Colleges In Mumbai Accepting MAHCET Cutoff In 2022

  • The MBA program is offered by 400 MBA colleges in Mumbai & rest of Maharashtra based on the state-level MAHCET exam conducted by the Government of Maharashtra.
  • One can take admitted to the MBA program in Mumbai through Government counseling.
  • Top MBA colleges in Mumbai like JBIMS Mumbai, SIMSREE Mumbai, K J Somaiya Institute of Management Mumbai, DSIMS Mumbai, SIES Mumbai, IES MCRC Mumbai, ITM Navi Mumbai, and VESIM Mumbai, also accept MAHCET exam scores for admission.
  • 15% seats are reserved for All India category aspirants in 400 MBA colleges in Mumbai and the rest of Maharashtra accepting MBA CET scores.
  • There are about 44000 total MBA/MMS/PGDM seats in MBA colleges in Maharashtra through DTE, Government of Maharashtra counseling. 

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of top 10 MBA colleges in Mumbai along with their average annual fees:

CollegesPlacement Ratings (Based on Reviews)Top Recruiters
Koneru Lakshmaiah Education Foundation, Hyderabad4.3Adobe, Amazon, Axis Bank, Coca-Cola, Cognizant, Cyient, Decathlon, Dell, FMC Technologies, GGK Technologies, HCL, IBM, ICICI, Indian Navy, Infosys, Mphasis, Naukri.Com, TATA, Virtusa, Wipro
IMT Hyderabad4.1Amazon.com, Blue Star, Capital IQ, Care Ratings, Deloitte, Dun Bradstreet Information Services, Dupont, Exide, Factset, GATI, IMRB, KPMG, Nielson, Novartis, Philips India, Syska LED, Tata Capital, TCS, TVS Motors, Verity, Walmart, Zomato
IPE, Hyderabad3.8Deloitte, TCS, Cognizant, Oracle, HDFC, ICICI, IBM, Accenture, Novartis Healthcare
Vignana Jyothi Institute of Management, Hyderabad3.8Bandhan Bank, Cafe Cofee Day, City Union Bank, Cognizant, Decathlon, Deloitte, Factset, GGK Technologies, Global Data, HDFC Mutual Fund, ICICI, ICICI Lombard, ICICI Securities, IndusInd Bank, Invesco, ITC, Mahindra Finance, Nerolac, Ninjacart, Reckitt Benckiser, Thomas Cook
Aurora’s Business School, Aurora Group of Institutions, Hyderabad3.7ADP, Amazon, Asian Paints, Axis Bank, Broadridge, Capmark, Cognizant, Deloitte, Genpact, Google, HDFC Bank, HSBC, IIFL Mutual Fund, India Bulls, Infosys, ITC, Oracle, Ranbaxy, TATA, Wipro

Top 10 MBA Colleges in Mumbai

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

CoursesEligibility Criteria
B.A. ECONOMICS And
B.B.A
Candidates must have passed 10+2 with a minimum aggregate of 50% with English as a medium of instruction.
EXECUTIVE MBACandidates must have passed graduation with 50% or above with English as a medium of instruction and,
Candidates must have work experience in managerial or supervisory positions for a minimum of 2 years and completed a minimum of 15 years of education.
MBACandidates must have passed graduation with 50% or above with English as a medium of instruction and,
Candidates must have completed a minimum of 15 years of education.
Ph.D
Economics
Candidates must have passed graduation with 50% or above and post graduation in Economics or allied discipline with a minimum of 55% marks and completed a minimum of 17 years of education.
Ph.D
Management
Candidates must have passed graduation with 50% or above with English as a medium of instruction
And,
Candidates must have post-graduation in Management (full time with specialisation in Marketing/ Finance/ Human Resource Management/ Operations with 55% and above marks
or
Ph.D
Management
(part-time)
Candidates must have post-graduation (full time) in Economics, Commerce, Sociology, Mathematics or allied discipline with 55% and above marks
or
Candidates must have a professional qualification like CFA/CA/ CWA/ CS with 55% and above marks.

Top MBA Colleges in Mumbai: Ranking

Rankings of the top colleges in India are released by different agencies consistently. These agencies discharge different records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of different parameters like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for different urban communities and states in India.

A portion of the top agencies in India delivering such records are NIRF, India Today, Economic Times, and so forth. Recorded below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai: NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the chief ranking agency in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for different colleges in India isolated into 8 categories.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The foundation has gotten the ninth position in India by the national ranking agency in 2022.

Other colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

CourseTotal Fees (Rs.)Eligibility Criteria
PGDMRs.8 LakhsCandidates must pass a bachelor’s degree with an aggregate of 50% marks or equivalent CGPA. (45% in case of SC/ST candidates), from a UGC recognised university.
PGDM Banking Insurances and Financial Services
PGDM Human Resource Management
PGDM International
Business
PGDM Marketing
Management
Executive PGDMRs.3.80 LakhsCandidates must have a graduate degree in any discipline (or equivalent) from a recognised university.


Candidates must have at least 3 years of full-time post-qualification professional experience.
+
A valid score in the entrance exam-CAT/MAT/ XAT /GMAT/ ATMA

Top MBA Colleges in Mumbai: India Today Ranking 2022

WiproAmerican ExpressTCS
ZomatoAditya Birla GroupNestle
OracleJaro Education99 Acres

Top MBA Colleges in Mumbai with Low Fees

GraduationDetails
MBADuration: 2 years
Eligibility: Bachelor’s degree with 50% aggregate
Selection Criteria: SNAP followed by GE-PIWAT
Fees:

Top 10 MBA Colleges In Mumbai With Low Fees In 2022

Here given is the list of top MBA colleges in Mumbai in 2022along with their fee structure, which includes the following:-

Business SchoolPlacement 2019: Average SalaryPlacement 2018: Average Salary
IIM Bodhgaya10.910.6
FORE New Delhi10.810.4
IIM Sirmaur9.212
SDMIMD Mysore7.146.94

MBA Colleges In Mumbai With Fees In 2022

  • There are thousands of alternatives for doing an MBA program in Mumbai.
  • The fee range for MBA programs in Government MMS/MBA colleges and other top MBA colleges in Mumbai varies accordingly.
  • Here is the list of top MBA colleges in Mumbai with fees in 2022:-
Name of the collegeAverage/Median Salary (in Rs.)
Delhi School of Economics, DU
Tata Institute of Social Sciences (TISS), MumbaiRs. 4.80 lakhs
Pune University Department of Management Sciences (PUMBA)
FMS BHURs. 7.20 lakhs

MBA Colleges In Mumbai With Low Fees Based On Cutoff In 2022

Different aspirants take admitted to the top MBA colleges in Mumbai on different bases like entrance exams and merit lists. Most of the top MBA colleges in Mumbai accept MAT scores, and also give admission through CAT and CMAT scores. Listed below are some of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA college with Low FeesProgramme FeeSIMSREE, MumbaiRs. 1,36,000Jamna Lal Bajaj Institute of Management studies (JBIMS)Rs. 6,00,000BITS PilaniRs. 9,00,00UBS Chandigarh-Panjab UniversityRs. 38,000

List Of Private MBA Colleges In Mumbai With Low Fees In 2022

CourseDurationTotal Fees
Bachelor of Technology (B.Tech)4 Years3,33,600
Master of Business Administration(MBA)2 Years1,66,800
Master of Applied Management (MAM)5 Years4,17,000
Bachelor of Architecture (B. Arch)5 Years4,17,000

List Of Government MBA Colleges In Mumbai With Low Fees In 2022

CoursesTotal Fee
Btech (All branches)5.50 Lakh INR
MBA5.75 Lakh INR

MBA Colleges In Mumbai With Low Fees Specialization Offered

For aspirants, the MBA program comes with many alternatives to a specialization. The aspirant can decide in which field he/she wishes to specialize, based on his/her preferences. After pursuing a specialization in a particular field, they attain the skills and knowledge related to the field. 

Here given below 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 In Marketing Colleges In Mumbai With Low Fees In 2022

ParticularsPlacement Statistics(2021)
No. of Recruiters75+
Highest CTC (Range)INR. 54 LPA
Top RecruitersConsulting: Accenture Strategy, BCG, Mckinsey
Finance: Avendus, J P Morgan, Goldman Sachs
IT: Microsoft, Google, Honeywell
General Management: Mahindra GMC, Hinduja Group, JSW
Sales and Marketing: ITC, P&G, Cipla
Ecommerce & Startups: Amazon, Flipkart, Paytm

MBA In HR Marketing Colleges In Mumbai With Low Fees In 2022

Particulars2019-212018-202017-19
No. of recruiters participated80+80103
Placement percentage99.07%95.33%98.70%
Highest CTCINR 20 LPAINR 16.50 LPAINR 17.33 LPA
Average CTCINR 7.64 LPAINR 7.64 LPAINR 7.17 LPA
Average CTC of top 10 offersINR 13.10 LPAINR 14.13 LPAINR 15.54 LPA
Average CTC of top 20 offersINR 10.91 LPAINR 12.16 LPAINR 12.64 LPA
Average CTC of top 50 offersINR 9.16 LPAINR 10.04 LPAINR 9.66 LPA
Average CTC of top 100 offersINR 8.24 LPA8.73 LPAINR 8.33 LPA
Top recruiting sectorConsultingConsultingBFSI
Top functionMarketingMarketingMarketing

MBA In Financial Management Colleges In Mumbai With Low Fees In 2022

ParticularsPlacements Statistics (2019-20)Placements Statistics (2020-21)Placements Statistics (2021-22)
No. of Companies registered433308270
No. of New recruiters9695
No. of Students in the batch890691929
No. of Offers made150411952066
No. of Companies offering more than 10 offers each3731
No. of Offers made by new Recruiters265125+
Highest CTCINR 42 LPAINR 72 LPA
Average CTCINR 25.71 LPAINR 27.13 LPAINR 34.07 LPA
Median CTCINR 24.10 LPAINR 27 LPA
Increase in Average CTC8%21%
Increase in Median CTC12%
Top FunctionsConsulting, Product MangementConsulting, Product Management, Project Management
Dominating IndustryConsulting, IT/ITESConsultingIT/ITES
Top RecruitersKearney, BCG, FlipkartAmazon, Flipkart, Boston Consulting Group, Honeywell, Mc Kinsey

MBA In Operations Management Colleges In Mumbai With Low Fees In 2022

ParticularsPlacements Statistics (2019-20)Placements Statistics (2020-21)
No. of Recruiting companies participated149+
Total Number of Students1190
Number of Students Placed821
Percentage of students placed96%93%
Highest CTC (International)INR 50.23 LPAINR 50.23 LPA
Highest CTC (Domestic)INR 16.05 LPAINR 15.89 LPA
Average CTCINR 7.32 LPAINR 7.97 LPA

MBA In IT Colleges In Mumbai With Low Fees In 2022

Top MBA CollegesNIRF Rankings 2021
Indian Institute of Management Ahmedabad1
Indian Institute of Management Bangalore2
Indian Institute of Management Calcutta3

ITM MBA Fees

ITM Business School, Navi Mumbai Courses & Fees 2022

ParametersParticulars
Number of MBA colleges in AhmedabadNearly 60 colleges
Annual Fees– Annual fee < INR 1 lakh: 11 per cent
– Annual fee between INR 1 lakh to Rs 2 lakh: 36 per cent
Top specialisationsFinance, Sales and Marketing, Human Resources, International Business, IT and Systems, Business Analytics among others
Admission processCAT, CMAT, XAT, MAT, ATMA
Institute of National ImportanceIIM Ahmedabad

ITM fees, as shown above, is approx 11 Lakhs with an ITM Mumbai average package of 8.5 LPA 

ITM Course Admissions

Streams

  1. Commerce
  2. Computer Applications and IT
  3. Management and Business Administration

ITM Navi Mumbai Average Package

  1. During the PGDM marketing placement drive, the highest possible salary was offered at INR 22 LPA and the average salary was INR 8.5LPA. 100% of the batch was offered a job.
  2. 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.
  3. 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.
  4. During the PGDM Finance Management placement drive, an INR 7.6 LPA average salary was received. The highest package was INR 14.2 LPA.
  5. 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.
  6. 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.
  7. 100% of the PGDMHR Management batch was placed during the placement drive. The maximum salary package was INR 8 LPA, while the average salary was INR 5.6 LPA.
  8. 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:

MBA CollegeType of MBA CollegeMBA College Fee (Rs.in Lakhs)
Amrut Mody School of Management (AMSoM) – University of AhmedabadAhmedabad University MBA College3.07
Adani Institute of Infrastructure Management (AIIM) AhmedabadAICTE Approved PGDM College7.6
Entrepreneurship Development Institute of India – EDII AhmedabadAICTE Approved PGDM College11
Institute of Management, Nirma University (IMNU), AhmedabadMBA college of Nirma University10.52
IRMA AnandAICTE Approved PGDM College12.08
MICA AhmedabadAICTE Approved PGDM College20
Indian Institute of Management, Ahmedabad (IIMA)Central Govt. Created IIM23

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 Tns, Amazon, Shoppers Stop, Kotak Mahindra Bank, LG, JP Morgan visited the campus.

MBA Colleges In Mumbai With Low Fees Accepted Entrance Exams In 2022

Here is the list of most popular MBA entrance exams with top MBA colleges in Mumbai with low fees which include the following:-

#RankName of the CollegeNumber of Companies Visited
1IIM Ahmedabad125
2IIM Bangalore135
3IIM Calcutta393
4FMS Delhi93

ITM Navi Mumbai MBA Placements 2022 Specialization-wise

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

College NameAverage Fees
IIM AhmedabadINR 28,00,000
Babasaheb Ambedkar Open UniversityINR 15,000
Gujarat Technological UniversityINR 20,000
Gujarat UniversityINR 18,100
Rashtriya Raksha UniversityINR 41,000

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 Trends

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

S.noMBA College in AhmedabadLocation in AhmedabadMBA/PGDM Fees Structure
1Institute of Management – Nirma University (IMNU) AhmedabadGota9.52
2MICA AhmedabadShela18.5
3Entrepreneurship Development Institute of India – EDI AhmedabadGandhinagar District5.84
4Amity Global Business School AhmedabadSafal Pegasus5.16 Lakh
5ICFAI Business School8.01 Lakh
6Shanti Business SchoolS.P Ring Road5.98 Lakh
7Unitedworld School of Business, Karnavati UniversityUvarsad6.20 Lakh
8Indus University1.56 Lakh
9Ganpat UniversityS.G Highway2.10 Lakh
10Rai UniversityDholka Taluka1.40 Lakh
11L.J. Institute of Management StudiesS.G Road1.50 Lakh
12St. Kabir Institute of Professional StudiesDrive In4.46 Lakh
13National Institute of Event ManagementC.G Road2.14 Lakh

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 Placements Top Recruiters

MBA CollegeAverage Salary in Placement
(Rs. in Lakhs Per Annum)
Indian Institute of Management, Ahmedabad (IIMA)25.83
MICA Ahmedabad12.8
IRMA Anand12.84
Institute of Management, Nirma University (IMNU), Ahmedabad9
Entrepreneurship Development Institute of India – EDII Ahmedabad
Amrut Mody School of Management (AMSoM) – University of Ahmedabad4

ITM Navi Mumbai Placements 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 an 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’s average placement package was INR 8.5.

Final Placements

  • The average and highest salary packages of INR 22 LPA (and INR 8.5) remained the same for two consecutive years, 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 Market 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.

MBA CollegeCut off Percentile
Indian Institute of Management, Ahmedabad (IIMA)98-99
MICA Ahmedabad80-85
IRMA Anand80-85
Institute of Management, Nirma University (IMNU), Ahmedabad75-80
Entrepreneurship Development Institute of India – EDII Ahmedabad70-75
Amrut Mody School of Management (AMSoM) – University of Ahmedabad70-75
Adani Institute of Infrastructure Management (AIIM) Ahmedabad65-70

ITM Navi Mumbai Cut Off

The ITM School Navi Mumbai offers admission to PGDM or FPM programs. Online application for ITM Navi Mumbai is possible. Admission to the 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. Candidates 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 candidates, the aggregate percentage marks from class 10th, 12th, and graduation are taken. 

Next, the shortlisted candidates 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 Cut Off

ITM Business School, ITM Navi Mumbai Cutoff 2022

ITM Business School CutOff 2021/2020/2019

ITM Navi Mumbai CAT Cut-Off 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.

CAT Cut-Off Round

2021 Round 1

RankName of the CollegeHighest SalaryAverage SalaryNumber of Companies Visited
1IIM AhmedabadINR 39.81 LakhsINR 15.88 Lakhs125
2IIM BangaloreINR 01.00 CroreINR 26.00 Lakhs135
3IIM CalcuttaINR 75.00 LakhsINR 15.32 Lakhs393
4FMS DelhiINR 20.10 LakhsINR 15.40 Lakhs93
5XLRI, JamshedpurINR 26.00 LakhsINR 16.20 Lakhs48
6IIM IndoreINR 34.00 LakhsINR 12.10 Lakhs92
7NMIMSINR 30.00 LakhsINR 14.40 Lakhs140
8MDI GurgaonINR 22.80 LakhsINR 12.80 Lakhs74
9IIM LucknowINR 22.00 LakhsINR 15.80 Lakhs213
10IIM KozhikodeINR 33.00 LakhsINR 12.31 Lakhs146

ITM Navi Mumbai NMAT Cut-Off 2022

NMAT cut-off Round

2021 Round 1

College NameFees
Veer Narmad South Gujarat UniversityNA
Auro University7.00 Lakh
S.R. Luthra Institute of Management1.52 Lakh
UKA Tarsadia University1.37 Lakh
C.K.Pithawalla Institute of Management1.24 Lakh
P.P. Savani University, Surat
SR Luthra Institute Of Management
CK Pithawalla Institute Of Management, Surat
Bhagwan Mahavir College Of Management
Metas Adventist College
₹2.67 Lakhs

₹1.52 Lakhs

₹1.24 Lakhs

₹1.52 Lakhs


₹1.52 Lakhs

ITM Navi Mumbai MAT Cut-Off 2022

MAT Cut-Off Round

2020 Round 1

MBA CollegeType of MBA CollegeMBA College Fee (Rs.in Lakhs)
Amrut Mody School of Management (AMSoM) – University of AhmedabadAhmedabad University MBA College3.07
Adani Institute of Infrastructure Management (AIIM) AhmedabadAICTE Approved PGDM College7.6
Entrepreneurship Development Institute of India – EDII AhmedabadAICTE Approved PGDM College11
Institute of Management, Nirma University (IMNU), AhmedabadMBA college of Nirma University10.52
IRMA AnandAICTE Approved PGDM College12.08
MICA AhmedabadAICTE Approved PGDM College20
Indian Institute of Management, Ahmedabad (IIMA)Central Govt. Created IIM23

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 are 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/Seats/Eligibility Criteria

Sl No.MBA CollegeType of MBA College
1Indian Institute of Management, Ahmedabad (IIMA)Central Govt. Created IIM
2MICA AhmedabadAICTE Approved PGDM College
3IRMA AnandAICTE Approved PGDM College
4Institute of Management, Nirma University (IMNU), AhmedabadMBA college of Nirma University
5Entrepreneurship Development Institute of India – EDII AhmedabadAICTE Approved PGDM College
6Amrut Mody School of Management (AMSoM) – University of AhmedabadAhmedabad University MBA College
7Adani Institute of Infrastructure Management (AIIM) AhmedabadAICTE Approved PGDM College

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 candidates.

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 as a saw, bringing the possibility of stopping the ladder or 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 modes. Mumbai is often referred to as the “City of Dreams” or the “Finance Capital of India” and 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 – [IIT 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, and 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 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 10 MBA Colleges in Mumbai

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

CategoryGate Score
General609
OBC473
SC345
ST317
Physically Disabled473

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Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of top 10 MBA colleges in Mumbai along with their average annual fees:

ProgramPhase 1Phase 2
PGDIM / PGDISEMIn the first round, candidates are shortlisted based on their CAT scores. Only the candidates who clear the above-mentioned cutoff for each category will be called for Phase 2Candidates who will be shortlisted will be called for a Personal Interview to evaluate their interpersonal skills
PGDMM / PGDPMCandidates will have to clear the GATE cutoff set by the institute to be shortlisted in this roundHaving cleared the first phase, candidates are called for Group Discussion and Personal Interview

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Fee 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.

CategoryApplication Fee
General CandidatesINR 1000
SC/STPwD CandidatesINR 500
International Candidates (Outside SAARC countries)USD 50

Top MBA Colleges in Mumbai: NIRF Ranking 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 by 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 the 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.
ProgramsSeats
PGDISEM45+ (including sponsored candidates)
PGDIM300+

Top MBA Colleges in Mumbai: India Today Ranking

CategoryCAT Percentile Cut off (Expected)
General97
OBC75
SC/ST65
PwD75

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.

  • Othe 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 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.

Some insights of colleges from other regions as well: Fee Structure For MBA in Government Colleges

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

CategoryCAT Percentile Cut off (Expected)
General86
OBC75
SC/ST75
PwD65

List of government MBA College in Mumbai with Fees Structure 2022

MBA in Mumbai is a popular course among bachelors, and the students prefer top MBA colleges in Mumbai with low fees. But, There are a number of management colleges in Mumbai from which very few are good MBA colleges in Mumbai and some of them are the best universities 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 accept admissions without entrance exams and that’s why called MBA colleges in Mumbai without entrance exams. They are also included in the list of top 10 B schools in Mumbai in top PGDM colleges in Mumbai. The 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 is 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

List of government MBA colleges in Mumbai with fees structure 2022:- SIMSREE, Sydenham Institute of Management Studies, and Research and Entrepreneurship Education

One of India’s most prominent commerce colleges is SIMSREE (Sydenham Institute of Management Studies and Research and Entrepreneurship Education). Sydenham College is SIMSREE’s parent institution. To develop true leaders, the institute provides a full-time master’s program with specializations in finance, human resources, marketing, operations, and systems. To cater to working individuals, it also offers a part-time master’s program in marketing and finance. SIMSREE accepts merit from MAH CET or national level examinations such as CAT/ XAT/ MAT.

The SIMSREE placement report for batch 2021 shows that 86 organizations participated in the recruitment drive, with 39 of them being first-time recruiters. The institute has an outstanding placement record, with a 100 percent placement rate.

The highest CTC was INR 25 LPA during the SIMSREE placement campaign in 2021, while the average CTC was INR 12.3 LPA, and the BFSI sector had the most students placed, followed by Real Estate and IT.

List of government MBA colleges in Mumbai with fees structure 2022:- National Institute of Industrial Engineering (NIIE)

The National Institute of Industrial Engineering (NIIE) is a non-profit organization (NITIE)

The National Institute of Industrial Engineering (NITIE) is a postgraduate Public Management institute in Mumbai that was founded in 1963. In the NIRF 2021 ranking, NITIE Mumbai is ranked 12th among the top 15 B-Schools. The most well-known MBA programs at the college are the PGDIM and PGDISEM, both of which last two years. Furthermore, the school annually trains over 2000 professionals in various fields of Industrial Engineering and Management through its many week-long Management Development Programs (MDPs) and unit-based programs (UBPs). Admissions to PGDSM/PGDISEM are based on CAT, GATE, GMAT, and GRE scores, as well as personal interviews. Candidates for FPM Admissions are chosen by passing the institute’s writing competency exam, which is followed by a research presentation and a personal interview. Here are the courses offered at NITIE Mumbai.

NITIE Mumbai is a public management postgraduate institute. For the academic year 2019-21, the Institute is undertaking a placement campaign. The largest CTC during the 2021 placement drive was INR 44 LPA, with an average CTC of INR 20.85 LPA. This year’s placement drive attracted 43 new recruiters, with 44 percent of them landing jobs in consulting and IT.

List of government MBA colleges in Mumbai with fees structure 2022:- IMU Mumbai Port Campus

The Lal Bahadur Shastri College of Advanced Maritime Studies and Research (LBS CAMSAR) and the Marine Engineering and Research Institute (MERI) of Mumbai are part of the IMU Mumbai Port Campus. LBSCAMSAR is one of Southeast Asia’s leading maritime training colleges, and the only one in India to offer additional masters and first-class engineering courses. The IMU Mumbai Port campus is located at Hay Bunder, Mumbai, in South Mumbai. Pre-sea programs such as BTech in Marine Engineering and PGDME are offered by MERI, while post-sea training programs are offered by LBSCAMSAR.

Several Memorandums of Understanding (MOUs) have been signed by the university with national and international organizations, allowing for student and faculty exchange programs, information exchanges, and guest lectures, among other things.

According to the official website, IMU boasts a placement rate of above 70%. Students are generally placed in departments related to logistics and shipping, such as sales and marketing – logistics and shipping, port operations, commodities trading and cross trade, and other trading and operational bodies. Most IMU graduates were placed in companies such as LOTS Shipping Ltd, New Mangalore Port Trust, Visaka Container Terminal, DP World Kochi, ‘K’ Line India Pvt Ltd, CONCOR, Mumbai International Airport Pvt Ltd, NTC Logistics Pvt Ltd, DP World, Food Corporation of India, among others, according to previous IMU placement trends. The average salary was $500 and the highest was $800.

List of government MBA colleges in Mumbai with fees structure 2022:- Shreemati Nathibai Damodar Thackersey [SNDT] Women’s University

The Shreemati Nathibai Damodar Thackersey [SNDT] Women’s University was founded in 1916 and is India’s and Southeast Asia’s first women’s university. It is based in Mumbai, Maharashtra, and has 166 associated colleges scattered over three campuses in seven different states. The University has 15 faculties that provide 117 courses in various disciplines, including UG and PG diplomas, UG and PG degrees, research, and doctorate degrees. Admission to such programs is based on a number of factors.

In the past, the college’s placement rate was strong, with nearly all of its students being placed in companies across a variety of industries. The salary packages on offer ranged between 1-4 LPA. Students were hired as junior designers, merchandisers, and other positions in businesses.

List of government MBA colleges in Mumbai with fees structure 2022:- Jamnalal Bajaj Institute of Management Studies (JBIMS)

The Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai is a private management institute as well as the University of Mumbai’s Department of Management Studies. JBIMS’ flagship programme, the Masters in Management Studies (MMS), is a two-year full-time degree. In addition to full-time Masters in Finance (MSc Finance), Master in Human Resource Development (MHRDM), part-time MMS, and a PhD degree, the institute provides part-time MMS and Ph.D. programs. Here is more information about the JBIMS Mumbai Course and Fees.

The Jamnalal Bajaj Institute of Management Studies (JBIMS) in Churchgate, Mumbai, is one of India’s most well-known business schools. The institute’s 2021 placement drive went ahead without a hitch. During the placement drive, students received good CTC packages. A total of 68 people attended the JBIMS Placements 2021 event.

List of government MBA colleges in Mumbai with fees structure 2022:- Veermata Jijabai Technological Institute [VJTI]

Veermata Jijabai Technological Institute [VJTI] is one of Asia’s oldest engineering institutes, having been founded in 1887. Undergraduate, graduate, diploma, and doctorate programs are available at the institute. Admission to B.Tech, M.Tech, MCA, and Ph.D. programs is determined by entrance tests such as MHT CET, GATE, MAH MCA CET, and UGC NET. The results of the prior qualifying exams decide admission to Diploma programs. CAPAI refers to the admissions rounds (Centralised Admission Process to Autonomous Institutes). The entire application process takes place online.

  • Veermata Jijabai Technological Institute (VJTI) in Mumbai saw a significant increase in placement in 2021. Despite the pandemic, reputable recruiters hired a significant number of students with competitive pay packages.
  • During VJTI Placements 2021, Google offered the highest CTC package of INR 58 LPA. Apple, Microsoft, and Amazon, among others, offered substantial CTC packages to VJTI students.

List of government MBA colleges in Mumbai with fees structure 2022:- Shailesh J. Mehta School of Management (SJMSOM)

IIT Bombay’s Shailesh J. Mehta School of Management (SJMSOM) was founded in 1995. SJMSOM offers a two-year management MBA program as well as Doctoral Management Programs. The Week 2020 has ranked the College 11th for NIRF 2020 and 13th for its MBA program. During the summer and winter seasons, the school also offers short-term management programs for teachers from technical and management colleges.

List of government MBA colleges in Mumbai with fees structure 2022:-

The Shailesh J. Mehta School of Management (SJMSOM) at IIT Bombay is a leader in India’s management field.

  • The institute was ranked 4th in the QS World Rankings in 2019 and is one of the top 10 MBA institutes in Mumbai.
  • The SJMSOM-IIT Bombay MBA program focuses on core concepts such as finance, accounting, and operations, as well as technical concerns such as technology policy and R&D management.
  • MBA admissions are determined by the CAT score, which is followed by a Written Ability Test.
  • The institute’s MBA program is divided into eight terms, each lasting two years.
  • There are 23 courses in the first year and electives in the second year.

MBA Colleges in Mumbai with Fees Structure Highlights 2022:-

Colleges Accepting CMAT scoreCMAT Cut Off Percentile(tentative)
JBIMS, Mumbai99.9+
Goa Institute of Management95-99
KJ Somaiya Institute of Management95-99
SIMSREE, Mumbai99+
Great Lakes Institute of Management95-99
IPE Hyderabad90-95
The University of Pune, Dept of Management Sciences95-99
Welingkar Institute of Management, Mumbai85
Welingkar Institute of Management, Bangalore80
Indian Institute of Information Technology & Management85

MBA Colleges in Mumbai Specialization Offered 2022:-

MBA is a domain that furnishes the aspirants with many choices to do specialization. The aspirant can determine in which domain he/she needs to specialize. After pursuing a specialization in a precise field, they obtain the abilities and knowledge associated with 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, 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 in each and every college is especially based on the university norms and policies that they set. The admission process is based totally on both the merit list and 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

Career Options Available After MBA in Mumbai 2022:-

  • 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 increases 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 professional opportunities in the area out of which some are listed beneath with the predicted salary:-
SectionsNumber of QuestionsMaximum Marks Section-wise
Language Comprehension2080
Innovation and Entrepreneurship2080
Logical Reasoning2080
Quantitative Techniques and Data Interpretation2080
General Awareness2080
Total100400

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 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 include:-

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

List of Top Private MBA Colleges in Mumbai with Fees Structure 2022

CMAT 2022 Expected Score (out of 400)CMAT 2022 Expected Percentile Range
315-350100
286-31099.1 – 99.99
261-28590-99
201-26081-89
171-20071-80
141-17061-70
116-14051-60
Below 116Below 51

List of Top Government MBA Colleges in Mumbai with Fees Structure 2022

CMAT 2021 PercentileCMAT 2021 Score
100345 – 359
90 – 99.99296 – 344
80 – 89230 – 295
71 – 79181 – 229
61 – 70131 – 175
51 – 60115 – 129
50 and belowBelow 114

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 fees and average salary. 

CMAT 2020 ScoreCMAT 2020 Percentile
347100
251 – 34295 – 99.99
232 – 25090 – 94.99
216 – 23185 – 89.99
204 – 21580 – 84.99
192 – 20375 – 59.99
180 – 19170 – 74.99
170 – 17965 – 69.99
160 – 16960 – 64.99

Conclusion

The government MBA colleges in Mumbai have low MBA course fees in Mumbai. Also, they are listed in the list of top business schools in Mumbai such as TISS, SIMSREE and etc. Jankidevi Bajaj Institute of Management Studies and Sasmira’s Institute of Management Studies and Research are one of the best colleges that offers PGDM courses in Mumbai which gives them a place in the list of top 50 MBA colleges in Mumbai. The MBA colleges in Mumbai with fees are what the student looks for. It is very popular to pursue MBA courses in Mumbai for which students look for the list of MBA colleges in Mumbai and the top ten MBA colleges in Mumbai. Top B schools in Mumbai are the ones that offer the course MBA. The top 10 government MBA colleges in Mumbai are those colleges that run under government funds through which the MBA fees are low.  The University of Mumbai is one of the oldest MBA universities in Mumbai. It was assembled before independence. Also, it is one of the best universities for MBA in Mumbai included in the top 10 management colleges in Mumbai. MBA colleges in Mumbai fees are higher than 5 lakh in total for which students look for MBA colleges in Mumbai with low fees. The top colleges in Mumbai for MBA are TISS and SIMSREE also their fees is low.

Frequently Asked Questions

1. What is the government fee for MBA?

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

2. What are the fees for MBA at Mumbai University?

Answer. The fees for MBA at Mumbai University revolve around INR 8K to INR 2 lacs.

3. Which college is better for MBA in Mumbai?

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

4. Where I can study MBA with low fees?

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

5. What is the monthly income of an MBA?

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

6. Which is the best MBA college in Mumbai?

Answer. Given below is a rundown of the best MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • Shailesh J. Mehta School of Management, IIT Bombay
  • National Institute of Industrial Engineering-NITIE
  • SP Jain Institute of Management and Research-SPJIMR
  • Harmony Global Business School
7. Is MBA losing its worth?

Answer. Because of an enormous number of students chasing after an MBA consistently, the course’s worth has strayed a little, yet at the same time, MBA is quite possibly of the most sought course by recruiters in the corporate world.

8. Which college is best for Finance in Mumbai?

Answer. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

9. Is Amity Mumbai great for MBA?

Answer. Friendship Mumbai offers students top-notch infrastructure and profoundly sophisticated training for the MBA course. In any case, schooling at Amity Mumbai is a piece costly.

10. Is SP Jain and SPJIMR equivalent?

Answer. Indeed, they are. The full type of SPJIMR is SP Jain Institute of Management and Research.

11. How might I get a scholarship for MBA?

Answer. Numerous associations and institutes offer scholarships for MBA programs. 2 most effective ways to get a scholarship are:
A decent score on the entrance test.
Extensive research work in a specific field.

12. Which MBA gives the most significant compensation?

Answer. MBA Business Analytics and MBA Marketing are the absolute most compensating MBA specializations.

13. Is ISB better than IIM?

Answer. ISB and IIM, both have established themselves as the most head management institutes in India. What isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Whereas, IIMs keep no such rule.

14. Which IIT is best for MBA?

Answer. SJMSOM-IIT Bombay offers a generally excellent MBA course for students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered remains above INR 20 lakh.

15. How to Change my Photo from Admin Dashboard?

Answer. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

16. What are some of the job profiles that the candidates are hired for?

Answer. Once the candidate gets completed the course, they apply for the job role of their interest and they are hired for the job role. Some of the job profiles are listed below :
• Relationship Manager
• Business Executive
• Business Analyst
• Area Sales Manager
• Marketing Executive
• Human Resource Manager

17. What is the duration of a course in an MBA?

Answer. MBA is a 02-year postgraduate degree in the field of management and business administration that covers various areas which comprise business, finance, management, marketing, development, and many other interesting topics.

18. What are the eligibility criteria for pursuing a course in MBA?

Answer. . The eligibility criteria for the aspirants to aspire to the course is a bachelor’s degree with a minimum aggregate of 50% marks or equivalent from a recognized board or university. The candidate needs to appear for the entrance examination as well where you wish to take admission.

19. How is the scope of an MBA in Finance in the future?

Answer. The scope of an MBA in Finance is vast and keeps expanding with each passing day with the need for professionals in the field. There are many career opportunities in the field. It is one of the most preferred choices among candidates across the world. The field offers excellent job profiles with a good salary package and is also rewarding at the same time. Therefore, the scope of an MBA in Finance in the future as well as now is increasing day by day.

20. What is the average starting salary for a job profile?

Answer. The average starting salary for any of the job profiles is high once the candidate completes the course MBA as they are hired by the top companies. The average starting salary for a job profile is Rs. 4 Lakhs p.a. (Approx.) which increases with time and experience.

21. What is the fee structure to pursue a course in MBA?

Answer. The fee structure differs from college to college. Some of the top and reputed colleges charge high fees based on the facilities which they provide. The average fee structure to pursue a course in MBA is Rs. 1 Lakhs.

22. What are the fees for MBA in Mumbai?

Answer. The average fee structure to pursue a course in MBA is Rs. 1 Lakhs.

23. Can I do MBA without fees?

Answer. Free MBA Programs
Some business schools offer tuition-free accredited MBA programs. The Block School of Management at the University of Missouri-Kansas City offers its MBA program for free to all students enrolling in Fall 2016.

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