Top MBA Colleges in Mumbai 2022:- MBA and PGDM (Postgraduate Diploma in Management) programmes are offered by Top MBA Colleges in Mumbai 2022 via online, offline, and distance learning modes. Mumbai, sometimes known as the “City of Dreams” or the “Finance Capital of India,” is home to more than 260 of India’s finest MBA colleges. The AICTE has approved 57 mba institutions in Mumbai, whereas the UGC has approved 17. MBA programmes are available in a variety of specialities, from finance and marketing to supply chain management and urban planning, at the best MBA institution in Mumbai.
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 |
SPJIMR Mumbai is a private management institution that was ranked #19 by the NIRF in 2021 and #151–200 in the QS World University Rankings in 2022. The Bharatiya Vidhya Bhawan’s SP Jain Institute of Management is accredited by NBA, UGC, and AACSB (Association of Advance Collegiate Schools of Business). Full-time residential programmes such as the PGDM, PGPM, GMP (Global Management Program), PGMPW (Post Graduate Management Program for Women), and FPM are available at the college. Five courses in family business management, two entrepreneurship programmes, two global programmes, one executive programme, and three social sector programmes are available at the college. At the Mumbai campus, SPJIMR offers the PGEMP executive management programme, while at the Delhi campus, the PGPGM programme is available. Check out SP Jain Courses for more information.
Over 75 new recruiters participated in the placement campaign, offering an average package totaling INR. 26.06. LPA. SP Jain Institute of Management and Research Mumbai, also known as SPJIMR, revealed its 2021 placement report for the PGDM batch in a record period of two days.
Particulars | Placement Statistics(2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies visited | 170+ | 150+ |
Highest CTC (Domestic) | INR 38.57 LPA | INR 34.72 LPA |
Highest CTC (International) | INR 58.61 LPA | - |
CTC of Top 50 Students | - | INR 25.16 LPA |
CTC of Top 100 Students | - | INR 22.89 LPA |
CTC of Top 150 Students | - | INR 21.55 LPA |
CTC of Top 200 Students | - | INR 20.16 LPA |
Average CTC | INR 18.33 LPA | INR 18.45 LPA |
Major Sectors | IT, analytics, Consulting, Start up & E-Commerce | IT, analytics, Consulting, Start up & E-Commerce |
Top Recruiters | Abbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, castrol etc | Adidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon etc |
NMIMS is classified as a university with 17 specialised schools, with 17000 students, and more than 750 full-time faculty members. The College offers a wide range of PG and Doctoral management programmes, including MBA, E-MBA, PGDM, and PhD, as well as a few UG, Diploma, and PG diploma programmes. The NMIMS Mumbai, which is known for its MBA/PGDM programme, is AICTE accredited and ranked 22 in the management category by NIRF in 2021. NBA, NAAC, AMBA, SAQS, and the Bureau of Indian Standards all certify NMIMS Mumbai programmes on a national and international level. The Business School continues to receive over 60,000 applications for a total of 860 MBA places. Examine the Admissions Process at NMIMS Mumbai.
NMIMS MBA Admissions 2022: Applications are now being accepted. Apply until November 21st. The NMAT application deadline is November 15th.
The Narsee Monjee Institute of Management Studies (NMIMS) in Mumbai has announced its final placement report for summer internship placements in 2021 and 2022. This year’s placement season was a huge success for the institute. Despite the pandemic’s consequences, NMIMS Mumbai students were able to secure lucrative CTC packages.
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 course, the Masters in Management Studies (MMS), is a two-year full-time programme. Aside from full-time Masters in Finance (MSc Finance), Master in Human Resource Development (MHRDM), part-time MMS, and a PhD programme, the institute also provides part-time MMS and a PhD programme. Learn more about the JBIMS Mumbai Course and Fees.
The Jamnalal Bajaj Institute of Management Studies (JBIMS), located in Churchgate, Mumbai, is one of India’s most famous business schools. The institute’s 2021 placement drive went off without a hitch. During the placement drive, students received good CTC packages. JBIMS Placements 2021 attracted 68 companies.
Particulars | Placements Statistics (2018-20) | Placements Statistics (2019-21) |
---|---|---|
No. of companies participating in the placement drive | - | 68 |
No. of new recruiters | 20 | - |
No. of PPOs | 67 | 54 |
Highest CTC | INR 32 LPA | INR 44 LPA |
Mean CTC | INR 18.91 LPA | INR 23.16 LPA |
Median CTC | - | INR 22.28 LPA |
Top recruiting sector | Banking & Financial Sector | BFSI & IB |
Top recruiters | Accenture Strategy, HDFC Bank, Infosys, Mahindra, Busleri etc | Accenture, Aditya Birla Group, Amazon, BCG, Hindustan Unilever Limited, JSW, P&G etc |
The National Institute of Industrial Engineering (NITIE) is a postgraduate Public Management institute in Mumbai that was founded in 1963. According to the NIRF 2021 ranking, NITIE Mumbai is ranked 12th among the top 15 B-Schools. The college’s most well-known MBA programmes 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 & Management through its several week-long Management Development Programs (MDPs) and unit-based programmes (UBPs). Admissions to PGDSM/PGDISEM are based on CAT, GATE, GMAT, and GRE scores, followed by personal interviews. Candidates are shortlisted for FPM Admissions through a writing skill exam at the institute, followed by a research presentation and a personal interview. NITIE Mumbai Courses can be found here.
NITIE Mumbai is a Post Graduate Public Management Institute. For the academic batch 2019-21, the Institute is holding a placement drive. The highest CTC was INR 44 LPA, while the average CTC was INR 20.85 LPA during the 2021 placement drive. This year’s placement drive drew 43 new recruiters, with 44% of the group landing jobs in the consulting and IT industries.
Batch | 2019-21 |
---|---|
Total Number of Recruiters | 143 |
First Time Recruiters | 43 |
Students Participating | 268 |
Highest Salary | INR 44 LPA |
Average Salary | INR 20.85 LPA |
Median Salary | INR 19.20 LPA |
Top 10% Students Average Salary | INR 37.38 LPA |
Top 20% Students Average Salary | INR 32.92 LPA |
PPOs | 43% Students |
Major Sectors | Consulting and Analytics |
Top Recruiters | EY, IDFC First, ETLI |
The K J Somaiya Institute of Management is a private autonomous business school in Somaiya Vidyavihar, Mumbai, that was founded in 1981. The AICTE has approved the institute, which is associated with the University of Mumbai. It has also received NAAC and NBA accreditation. The institute is placed 56 in the management category in the NIRF Rankings 2020. KK J Somaiya Institute of Management offers MBA and MCA programmes at the postgraduate level, as well as Ph.D. in Management research programmes. In its 2-year full-time flagship MBA programme, K J Somaiya offers numerous specialties, and shortlisting is based on a genuine CAT exam result, followed by GD and PI.
K J Somaiya Institute of Management Studies and Research, now known as K J Somaiya Institute of Management, is a top management college in India that offers full-time MBA programmes. It is located in Mumbai. The institute has released its interim placement report for the batch 20220-22, which shows that a total of 135 recruiters participated in the drive, with the highest CTC of INR 26.5 LPA and the average CTC of INR 10.6 LPA.
Particulars | Placement Statistics (2019-21) | Placement Statistics (2020-22) |
---|---|---|
Total Number of Students | 517 | 549 |
Percentage of Students Placed | 99.79% | 95% |
Number of Companies Participated | 174 | 135 |
New Recruiters | 41 | 35 |
Highest CTC | INR 29.75 LPA | INR 26.50 LPA |
Average CTC | INR 9.41LPA | INR 10.67 LPA |
Median CTC | - | INR 10.21 LPA |
Major Sectors | Banking, IT and Finance | - |
Top Recruiters | Ebay, Citi, KPMG | Zomato, SBI |
The Ministry of HRD, Government of India, runs the NIRF (National Institutional Ranking Framework), which is India’s top ranking agency. It publishes ranking lists for various colleges in India, which are classified into eight categories.
Top MBA Colleges in Mumbai 2022: Every year, many organizations publish rankings of the best colleges in India. These organizations publish various lists, such as the Top MBA Colleges in India, Top BTech Colleges in India, and so on. These lists are also released for different cities and states in India based on several characteristics such as college perception, placements, teacher-student ratio, and so on.
NIRF, India Today, Economic Times, and others are among the prominent Indian organisations that publish such lists. The following is a rating of the best MBA colleges in Mumbai, along with their fees
NIRF has named IIT Bombay as the finest MBA college in Mumbai. In 2021, the national rating agency assigned the institute a rank of 11 in India.
College Name | NIRF Score |
---|---|
Indian Institute of Technology Bombay 68.08 | |
National Institute of Industrial Engineering, Mumbai | 64.52 |
S. P. Jain Institute of Management & Research | 58.73 |
SVKM's Narsee Monjee Institute of Management Studies | 57.53 |
K.J.Somaiya Institute Of Management | 46.68 |
Principal L N Welingkar Institute of Management Development and Research | 43.73 |
College Name | India Today Ranking 2022 |
---|---|
SP Jain Institute of Management and Research (SPJIMR) | 4 |
Narsee Monjee Institute of Management Studies (NMIMS) | 9 |
National Institute of Industrial Engineering (NITIE) | 11 |
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) | 25 |
L N Welingkar Institute of Management Development and Research | 33 |
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) | 39 |
N L Dalmia Institute of Management Studies and Research | 80 |
Universal Business School | 86 |
IES Management College and Research Center | 144 |
Atharva Institute of Management Studies | 171 |
The Return on Investment, or ROI, determines how advantageous it is to pursue a specific course from a specific college. The following are some of the best private MBA colleges in Mumbai in terms of return on investment.
Name of the College | Course Fee (in INR) | Average Annual Package (In INR) |
---|---|---|
Shailesh J. Mehta School of Management, IIT Bombay | 8,67,000 | 21,96,000 |
Prin. L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center | 17,250 | 8,61,000 |
SPJIMR, Mumbai | 17,50,000 | 19,50,000 |
National Institute of Industrial Engineering | 12,53,000 | 10,88,000 |
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai | 20,87,000 | 15,00,000 |
Students are admitted to various colleges based on various criteria such as entrance tests and merit lists. The majority of Mumbai colleges recognize the MAT score, as well as the CAT and CMAT. Some of the best MBA colleges in Mumbai, along with their cutoff scores, are listed here.
Top MBA Colleges in Mumbai 2022 | MBA Cutoff |
---|---|
SJMSOM IIT Bombay | 90 (CAT) |
SP Jain (SPJIMR) | 92 (CAT) |
Narsee Monjee (NMIMS) | 209 (NMAT) |
KJ Somaiya | 86 (CAT) |
Welingkar (WeSchool) Mumbai | 80 (CAT) |
NITIE Mumbai | 90 (CAT) |
SIMSREE Mumbai | 144 (MAHCET) |
NMIMS (Narsee Monjee Institute of Management Studies) is one of India’s top 10 MBA schools. Mumbai, Navi Mumbai, Pune, Chandigarh, Hyderabad, and Bangalore are among the cities where the institute has campuses.
IIT Bombay, with its Shailesh J. Mehta School of Management (SJMSOM), is also a leader in India’s management business.
A list of Top MBA Colleges in Mumbai 2022 that accept the CAT score is shown below
College Name | Total Fees |
---|---|
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM) | INR 4,24,000 |
National Institute of Industrial Engineering (NITIE) | INR 3,50,000 |
S P Jain Institute of Management and Research (SPJIMR) | INR 15,00,000 |
K J Somaiya Institute of Management Studies and Research (SIMSR) | INR 3,33,000 |
Narsee Monjee Institute of Management Studies (NMIMS) | INR 9,25,000 |
Prin. L.N. Welingkar Institute of Management Development and Research | INR 55,000 |
BITSoM | INR 24,50,000 |
SIES College of Management Studies | INR 2,20,000 |
ICFAI Business School | INR 4,00,000 |
Top MBA institutions in Mumbai placements have a lot to offer, with some of the city’s most prestigious business institutes.
Mumbai, India’s financial and business metropolis, is also one of the country’s top MBA destinations. Mumbai is, without a doubt, one of India’s most popular MBA destinations. MBA institutes in Mumbai provide a high-quality MBA education with excellent placement opportunities. It is also a centre for management, technology, and related fields of study. One of the most popular post-graduate programmes in Mumbai is the Master of Business Administration, or MBA. The two-year degree opens the door to a myriad of corporate job prospects.
JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai, and NITIE Mumbai are the top five MBA institutes in Mumbai, according to reputable rankings. SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, and Kohinoor Business School are also among the top MBA institutes in Mumbai. Mumbai is a popular MBA destination because of all of these management colleges. Excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & capacity to work under pressure, good mathematics skills, and other attributes are required of MBA professionals.
Parameters | Particulars/Statistics |
---|---|
Number of MBA Colleges in Mumbai | 180 College |
Fees | Annual fee: More than Rs. 5 lakh- 48% Rs. 3-5 lakh- 24% Rs. 2-3 lakh- 11% Rs. 1-2 lakh- 11% Less than Rs. 1 lakh- 6% |
Top specializations | Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital |
Admission Process | CAT, MAT, XAT, CMAT, ATMA, MAH CET and more. |
Number of IITs | One |
The requirements for an MBA programme may range from one college to the next. However, the following are the core MBA eligibility requirements
MBA Institutions in Mumbai with NIRF Rankings and Ratings MBA colleges in Mumbai receive an aggregate NIRF ranking and rating based on teaching, learning, and resources, research and professional practise, graduation outcomes, and peer perception. Candidates can look up a list of the best colleges, as well as their NIRF 2020 and ratings (aggregate)
College Name | NIRF’20 Ranking |
---|---|
SJMSOM IIT Bombay - Shailesh J. Mehta School of Management, Mumbai | 11 |
NITIE Mumbai - National Institute of Industrial Engineering | 12 |
S. P. Jain Institute of Management and Research, Mumbai | 18 |
K. J. Somaiya Institute of Management Studies & Research | 56 |
VESIM - Vivekanand Education Society Institute of Management Studies and Research | 76-100 |
In Mumbai, there are around 151 MBA colleges that provide MBA courses, with 111 being private, 10 being public, and the rest being public-private colleges. Here is a list of some of Mumbai’s best private and public MBA schools.
Private College | Course Fee (in Rs) |
---|---|
Dr DY Patil University's School of Management (DYPUSM), Navi Mumbai. | 8.4 L |
Kohinoor Business School (KBS), Mumbai. | 5.5L |
Sir M. Visvesvaraya Institute of Management Studies and Research (SVIMS), Mumbai. | 4.6 L |
ASM's Institute of Management & Computer Studies (IMCOST), Thane. | 2.31 L - 6.5 L |
GNVS Institute of Management (GNVSIOM), Mumbai | 3.5 L |
Public Colleges | Course Fee (in Rs) |
---|---|
Tata Institute of Social Sciences (TISS), Mumbai | 40.6 K - 1.05 |
Bombay Stock Exchange (BSE) Institute, Mumbai | 5.6 L – 30. 76 L |
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | 8.32 L |
National Institute of Industrial Engineering (NITIE), Mumbai | 6.63 L – 14 .63 L |
Sasmira's Institute of Management Studies and Research | 3.8 L |
The return on investment of top schools in Mumbai is computed by dividing the benefit or return on investment by the cost of investment in the form of fees. In other terms, ROI refers to the difference between a candidate’s placement and the amount they paid for college. Candidates can review a list of MBA colleges in Mumbai, as well as course fees and typical salaries.
College Name | Course Fee in Rs | Average salary (in Rs LPA) |
---|---|---|
TISS, Mumbai | 30.33 LPA | 20.06 LPA |
NMIMS, Mumbai | 30.37 LPA | 17.97 |
SJMSOM, IIT Bombay, Mumbai | 32.4 LPA | 20.8 |
SIMSR Mumbai | 28.5 LPA | 13.25 |
SIMSREE, Mumbai | 17 LPA | 10.97 |
Finance, Sales and Marketing, Human Resources, IT and Systems, Operations, International Business, Supply Chain, Business Analytics, Entrepreneurship, Healthcare and Hospitality, and more specialisations are available at MBA institutes in Mumbai. Finance and Sales and Marketing are the most popular, followed by Human Resources.
CAT and MAT are the most common entrance exams for MBA students in Mumbai. While a good CAT score will get you into colleges like IIT Bombay’s Shailesh J. Mehta School of Management (SJMSOM) and Sydenham Institute of Management Studies Research and Entrepreneurship Education (SIMSREE), a good MAT score will get you into ASM’s Institute of Management & Computer Studies (IMCOST) and GNVS Institute of Management.
The remaining colleges accept XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, and other aptitude tests for admission.
Indeed, Mumbai is one of India’s leading MBA destination. Based on reputed Rankings, Top 5 MBA colleges in Mumbai are JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai and NITIE Mumbai. If we expand this list, then SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are also highly ranked MBA colleges in Mumbai.
MBA colleges in Mumbai shortlist and offer admission to their flagship MBA/PGDM programmes on the basis of CAT and XAT exams.
If you don’t have a high CAT or XAT score, don’t worry. Most MBA colleges in Mumbai like K J Somaiya Institute of Management Mumbai, Welingkar, Chetana’s Institute of Management and Research, SIES Mumbai, N L Dalmia, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, DSIMS Mumbai, Guru Nanak Institute of Management Studies (GNIMS), BVIMSR, Mumbai; offer admissions based on CAT, XAT, CMAT/MAT or both CMAT and MAT exam scores. If you have 70 to 90+ percentile score in CMAT or MAT, you stand a good chance.
There are plenty of options for MBA in Mumbai. The fee range for Government MMS/MBA colleges and other Top MBA Colleges in Mumbai 2022 is also very wide. Do you know that JBIMS Mumbai has hiked its fee by 200% from Rs.2 lakhs to Rs.6 lakhs and still it is low! Other Top MBA Colleges in Mumbai 2022 charge between 10-20 lakhs, at par with IIMs. But don’t worry. There are many good MBA colleges that charge between 5-10 lakhs and offer good education and placements. Let’s look at fee for a few select B-schools
MBA college in Mumbai | Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs) |
---|---|
SPJIMR, Mumbai | 17.5 |
NMIMS, Mumbai | 19.76 |
NITIE Mumbai | 12.53 |
JBIMS Mumbai | 6 |
K J Somaiya Institute of Management, Mumbai | 14.94 |
SIES, Mumbai | 7.2 |
SIMSREE, Mumbai | 1.46 |
IESMCRC, Mumbai | 6 |
Chetana’s Institute of Management and Research | 6.6 |
SDA Bocconi Asia Center, Mumbai | 18.6 |
DSIMS, Mumbai | 7.8 |
Kohinoor Business School | 5.9 |
In Mumbai, there are roughly 235 MBA colleges. Full-time MBA programmes, part-time MBA programmes, and online MBA programmes are all available. The candidate might choose from a number of different specialisation areas. The following are some of the most popular and sought-after MBA specialisations in Mumbai.
The admission process and eligibility requirements for MBA colleges in Mumbai differ from one institute to the next. On one hand, SPJIMR accepts XAT and CAT scores, but NMIMS only accepts NMAT scores. While NITIE only accepts marks from the CAT test, SIMSREE allows scores from the CMAT and MAT exams. However, there are a few standards, requirements, and essential rules that every applicant must meet in order to be considered for an MBA programme.
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Ans. SPIJMR and NMIMS are better for MBA in Mumbai
Ans. St. Xavier’s College is the No 1 college in Mumbai.
Ans. St. Xavier’s College and Sophia College has best Campus in Mumbai.
Ans. The University of Mumbai or Mumbai University is the largest college in Mumbai.
Ans. KJ Somaiya is better than SK Somaiyam.