Top MBA Colleges in Mumbai with Low Fees 2022
Saurav Anand
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January 19, 2022
Introduction
Top MBA colleges in Mumbai with Low Fees 2022:- Top MBA colleges in Mumbai and Best MBA colleges in Mumbai includes best private MBA colleges in Mumbai and best government MBA colleges in Mumbai. SPJIMR is always listed in the list of best colleges for MBA in Mumbai. There are number of colleges in Mumbai, but some them that are SPJIMR, NITIE, SIMSREE, SJMSOM and K J Somaiya are the top 5 MBA colleges in Mumbai. MBA fees in Mumbai is 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.
Fee structures for prominent MBA Colleges in India, such as the IIMs, XLRI, MDI, IIFT, and NMIMS, are starting at Rs.15 lakh and higher, which makes it essential to understand the MBA Colleges in India with Low Fees and Good Placement Records.
We must know about MBA Colleges in India with Low Fees since most of us cannot afford some of the renowned MBA Colleges in India. In this way, we will be able to better understand MBA Colleges in India and create an opportunity to study in MBA Colleges with Low Fees.
Mumbai is a high population density city in India, and they have placed a strong emphasis on delivering high-quality MBA education. Because it is the safest city, people from all over the world flock there to further their studies. Education development has left its mark on every industry, and the education sector is no exception. Many MBA colleges in Mumbai will begin to employ college management for students, faculty, and administration.
Running a College with several duties is difficult, and the Management need competent assistance.
But in some cases, we can also get the best colleges for MBA even if you have a lower percentage through CAT some other best colleges for MBA in India accept 50 – 60 Percentile in CAT 2021.
- Shanti Business School (Ahmedabad)
- Institute of Marketing & Management (New Delhi)
- Karnavati University (Gandhinagar)
- Narayana Business School (Ahmedabad)
- ASM’s Group of Institutions (Pune)
The weight of Management will be managed by course complexities and graduations, resulting in a rise in Management growth year after year. There are several MBA institutions in Mumbai, and some of the best are mentioned here.
| Name of the College |
|---|
| SPJIMR, Mumbai |
| NMIMS, Mumbai |
| NITIE Mumbai |
| JBIMS Mumbai |
| K J Somaiya Institute of Management, Mumbai |
| SIES, Mumbai |
| SIMSREE, Mumbai |
| IESMCRC, Mumbai |
| Chetana’s Institute of Management and Research |
| SDA Bocconi Asia Center, Mumbai |
MBA Colleges in India with Low Fees
| Name of the College | Expected CAT Cutoff | Fee Structure | Salary offered (in Rs.) |
|---|---|---|---|
| Faculty of Management Studies, FMS Delhi | 97.8+ | Rs. 2 Lakhs | 27 LPA |
| JBIMS, Mumbai | 99.8+ | Rs. 1,02,290 | 20.13 LPA |
| NITIE, Mumbai | 97+ (for flagship management course) | Rs. 9 lakhs | 19.77 LPA |
| Tata Institute of Social Sciences, TISS Mumbai | 72+ | Rs. 2 Lakhs | 20.06 LPA |
| Department of Management Studies, IIT Delhi | 95.8+ | Rs. 4 Lakhs | 18.47 LPA |
| Department of Management Studies, IIT Roorkee | 95+ | Rs. 4 Lakhs | 10.33 LPA |
| KJ Somaiya Institute Of Management Studies And Research | 80-85+ | Rs. 9 Lakhs | 10.05 LPA |
| Department of Management Studies, Pune (PUMBA) | 90+ | Rs. 3 Lakhs | 6.2 LPA |
| Faculty of Management Studies, FMS BHU, Varanasi | 75-85 | Rs. 2 Lakhs | 7.2 LPA |
| MIB/MHROD, Delhi School of Economics | 87+ | Rs. 1 Lakh | 9.05 LPA |
Top 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:-
| Entrance exam | Name of the College |
|---|---|
| NMAT 2022 | NMIMS, K J Somaiya, XIMB, TAPMI |
| IBSAT 2022 | ICFAI B-School campuses |
| XAT 2023 | XLRI, XIMB, LIBA, XIME |
Lowest MBA Fees in India – Register now for latest MBA Exam & Admissions Updates
| Top MBA college with Low Fees | Programme Fee |
|---|---|
| Faculty of Management Studies (FMS) Delhi – University of Delhi | Rs. 1,94,000 |
| Delhi School of Economics, Delhi University | Rs. 32,000 |
| GGSIPU, Delhi | Rs. 59,000 |
| PUMBA, Pune | Rs. 1,34,000 |
Top low fees MBA colleges in India charge a fee from Rs. 50,000 to Rs. 10 Lakhs for 2 year full time residential MBA or PGDM programme. Best MBA colleges with low fees like IIMs, XLRI, MDI, SPJIMR have a fee structure between 17 lakhs to Rs.24 lakhs. Some of the top B-schools in India offering affordable MBA with low fees are either affiliated to or are the management departments of the Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, Panjab University among others. To get admission in a top MBA college with low fees, you should score high in the entrance exam like CAT/XAT/CMAT/MAH CET and have excellent academics/work experience. This article presents the best MBA colleges with low fee in India, and will guide you in taking the right MBA admission decision. Minimum fees for MBA is from Rs. 50,000 to Rs. 10 Lakhs for 2 year full time residential MBA or PGDM programme.
Top MBA colleges with low fees structure is given below in the article, which are known to be providing amazing placement opportunities, some of the good MBA colleges with low fees are Bangalore University, Pune University, Panjab University etc.
What are the Top MBA colleges with low fees in India? It’s one of the frequently asked question we come across and this article provides you with the latest information on the Best B-Schools and the last dates to apply for their courses. Top MBA Colleges in India With Low Fees. Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices starting at Rs 20,960 only. It is one of the best mba colleges in india with low fees.
It is not easy to get into the top MBA colleges in India, as the competition increases more and more and seats in these best MBA colleges in India shank every year. Every student dreams to study at the top 10 MBA colleges in India like IIMs but only a percent gets selected, Being an MBA aspirant the first thing one looks for is the number of intakes in the flagship program in order to assess the chance of securing admission in these MBA colleges. Although there are many top MBA colleges divided into tiers as top 10 MBA colleges in India consist of the best institutions in India, which we have talked about in this article. But in some cases, we can also get the best colleges for MBA even if you have a lower percentage through CAT some other best colleges for MBA in India accept 50 – 60 Percentile in CAT 2021.
- Shanti Business School (Ahmedabad)
- Institute of Marketing & Management (New Delhi)
- Karnavati University (Gandhinagar)
- Narayana Business School (Ahmedabad)
- ASM’s Group of Institutions (Pune)
- Universal Business School (Karjat)
Management aspirants strive to get into a top B-School of their choice. Unfortunately, things don’t always go as planned. Candidates must remain positive despite such setbacks. Numerous MBA colleges in India offer world-class management education and excellent placement opportunities. In case you are not able to get into your preferred institute, start looking for the next best option. There are over 3,500 MBA colleges in India, so choosing the right one can be a difficult task. tier 2 colleges in India are also worth considering in addition to Tier 1 institutions that are highly ranked in India.
The tier 2 colleges in India are well equipped with modern infrastructure, some are pocket-friendly, and have good faculty and placement cell. Some of the private tier 2 MBA institutes also offer exchange programs with foreign universities. These institutes are also ranked in the top 50, in the MBA institute ranking order. Most of them select candidates on the basis of common entrance exams like CAT, XAT, CMAT, SNAP, MAT, MAH-CET, and GMAT, so the candidates do not have to appear for a separate exam.
A lot of students mix up the meaning of applying for an exam and applying for a B-School. There is a difference.
By applying for certain exams, you are automatically applying for the colleges as well, like CAT for IIMs, IIFT for its namesake, XAT for XLRI, etc.
Another option is to apply to a private institution that accepts CAT/GMAT scores, but those applications are quite different. There is a different application process for these institutes than for CAT or XAT, for example. Many things need to be taken care of, including different deadlines, fees, and programs to apply for.
Hence, to make things clearer, this blog article discusses the top MBA colleges in India, without getting into details such as the cut-offs, fees, CTCs etc. You will find a list of colleges and a short note on how one should select colleges to apply to.
As a compilation we have gather details on the Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode and IIM Indore according to the MHRD-NIRF rankings 2021. Other popular B-Schools such as XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management and Department of Management Studies of the IITs also rank among top MBA colleges in India as per the NIRF rankings as well as other B-school surveys such as by India Today, Outlook and Business Today.
Among the MBA best colleges in India, a few of them are also usually ranked as the best among all globally. For example, In the Asia-Pacific B-Schools ranking 2021 by Bloomberg Businessweek the ISB has been ranked at the fifth position while IIM Bangalore has been ranked sixth.
TOP B schools in India: IIM Ahmedabad, IIM Bangalore, and SPJIMR have also been ranked among the global top 50 institutes in the latest Financial Times Masters in Management (MiM) Rankings 2021 MBA in India. IIM Ahmedabad has been ranked 26th, SPJIMR has been ranked 39th and IIM Bangalore has been ranked 47th. Read below all about MBA rankings and the best MBA colleges in India.
Top MBA Colleges In Mumbai Accepting CAT, XAT, AND NMAT Scores In 2022
- Top MBA 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.
Top 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.
Top MBA Colleges In Mumbai Accepting MAHCET Cut-off 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 admission in 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 MBA Colleges in India: Highlights
| Parameters | Particulars/ Statistics |
|---|---|
| No. of MBA Colleges in India | 5,000 (Approximately) |
| Fees | -Annual fee Rs 10 lakh: 94% |
| Top Specialisations | General Management, Marketing, Operations, Sales, Business Analytics, Human Resources, Finance, Digital Marketing, Information Technology, Event Management & PR and Travel & Tourism |
| Admission Process | Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP |
| Top MBA Colleges in India | IIMs, SPJIMR, XLRI, MDI, IMT, IIT-DoMs, SIBM, etc. |
Two-year MBA programs are a great way to get into a variety of entrepreneurial and job opportunities. This program provides essential knowledge and training in operations and business administration that is necessary for the management of an organization. As well as developing communication skills and leadership qualities, the MBA program also helps to develop leadership qualities.
MBA is open to students from all backgrounds, including Commerce, Science, and Humanities. Full-time MBAs are the most popular. They include theory classes, practical projects and internships. A full-time MBA is available to both fresh graduates and candidates with some work experience. Over 5,000 Indian MBA colleges offer this course in various specializations. Some schools offer an MBA degree, while others offer a PG diploma (PGDM/PGPM).
MBA Colleges in India Eligibility Criteria
MBA students must have graduated from an accredited university. However, for niche specializations, the minimum score may be different.
- As a minimum requirement for a full-time MBA, candidates must have graduated in any discipline or equivalent from an accredited university.
- The AICTE stipulates that most institutes must meet the minimum score requirements for graduation. Students from reserved categories are eligible for five percent relaxation and 50 percent aggregate.
- Professional degree holders, such as MBBS/CA/CS/ICWAI, etc. You may also be eligible to pursue an MBA
Top 10 MBA Colleges In Mumbai With Low Fees In 2022
Here given is the list of top MBA colleges in Mumbai in 2022 along with their fee structure, which includes the following:-
| Name of the College |
|---|
| SPJIMR, Mumbai |
| NMIMS, Mumbai |
| NITIE Mumbai |
| JBIMS Mumbai |
| K J Somaiya Institute of Management, Mumbai |
| SIES, Mumbai |
| SIMSREE, Mumbai |
| IESMCRC, Mumbai |
| Chetana’s Institute of Management and Research |
| SDA Bocconi Asia Center, Mumbai |
Top Government MBA Colleges in India with low fees
- Faculty of Management Studies (FMS), Delhi University Faculty of Management Studies is among the most prestigious management schools in India that offer MBA classes at the most affordable cost beginning with the price of INR 1.92 Lakhs only. It is among the most sought-after institutions for MBA in India that is associated to Delhi University. The procedure for selection at the institute comprises the CAT scores as well as Personal Interviews. The average salary offered in the campus selection this year is the sum of INR 32.4 LPA.
Companies like Deloitte, OLA, PwC, L’Oreal, Info Edge, Adobe, Google, Amazon etc. provide internships to students of FMS. - Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai
JBIMS was established in 1965, and is affiliated to the University of Mumbai. It is a non-profit institution which offers full-time and part-time MBA programs. The institute also offers a wide range of other programs, however MBA is among the most well-known courses at JBIMS. The current cost structure is the range of INR 1.52 lakh to seven lakh for the duration of two years of the MBA program. The college accepts scores from CAT and MAH CET or MAT and ATMA. The school is in the best 10 colleges for B-schools within India with a huge number of alumni working as CEOs. The median salary for the students is approximately INR 27.63 LPA.
Companies that apply for placements in JBIMS are McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, etc. - Tata Institute of Management Studies (TISS), Mumbai
TISS, Mumbai is another management school that offers top quality MBA education for a reasonable cost. Admissions to TISS are made by TISSNET scores. TISSNET score, which is an examination which is conducted by the institute. The cost for the MBA program offered at TISS costs the equivalent of INR 1.02 Lakh and the average wage from the course of the course was the sum of INR 19.62 LPA in 2021.
Companies like Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, Wipro and many more. provide job opportunities to MBA alumni of TISS. - Department of Management Sciences, Pune
Pune University Department of Management Sciences (PUMBA) is affiliated with Pune University and has course fees of INR 1.29 Lakh to INR 1.33 Lakh. The college accepts scores of exams like CAT/XAT/MAT/CET/ATMA/MAH CET for the admissions to various MBA courses and offers placements with an average salary of INR 7.6 LPA.
Axis Bank, E-serve, Bee Management, ONGC, Thermax, SBI Life, etc. are some of the companies that provide placements to students who are studying at this college. - Department of Financial Studies, Delhi University
The institute offers admissions according to the score of the CAT exam that is administered by IIMs. The cost for pursuing the MBA at this school can be $26,000 in two terms. Department of Financial Studies is renowned for offering the highest ROI. The salary offered at this institution ranges from the equivalent of INR 13.3 LPA and the top salary was INR 26 LPA during the year 2020.
Companies like DE Shaw, American Express, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, Ministry of Finance etc. are among the most sought-after recruiters for MBA graduates. - Christ University, Bangalore
Christ International (Deemed to be University) was founded in 1969. The university offers a variety of post-graduation programs. The school offers a range of MBA specializations like Business Analytics Marketing, Business Analytics, etc. Students who undertake exams like CAT/MAT/XAT/CMAT/ATMA are eligible for admission into this prestigious and premium university. The tuition for admission ranges from approximately INR 6.75 Lakh – INR 21.82 Lakh. The median salary after an interview is around 10.5 LPA. 20.5 LPA.
AB InBev, ZS Associates, DE Shaw & Co., Bain Capability Network, Exxon Mobil, Accenture, Aditya Birla Group, Infosys, Hyundai, IBM, ICICI, KPMG, Deloitte and Dabur are among the major companies that come to the campus to conduct placements and offer lucrative salaries to graduates. - Delhi Technical University (DTU), Delhi
DTU offers two-year full-time MBA courses Admissions to the MBA programs are determined by the score of the CAT exam. It’s a 75-year-old and boasts one of the top MBA faculty in India. This is one of the universities that provide an MBA for a very low cost that ranges from the range of INR 3.96 Lakh – INR 4.19 Lakh. The median salary here ranges from approximately 22 LPA. Companies like Google, Uber, Amazon, Facebook, Bloomberg, and many more. offer placements to DTU students who have graduated.
Aspirants who wish to pursue an MBA must first make a list of colleges that they wish to get into. They must make a decision based on their choice of specification and their budget and not be carried away with the flow. Below is a list of some other colleges along with the courses offered, that have a low fee structure.
| B-school | Course Name | *Fees |
|---|---|---|
| International School of Management and Research- ISMR | MBA | INR 3.44 L - 6.5 L |
| SIMSREE, Mumbai | Post Graduate Diploma in Business Management | INR 69,000 |
| CU - Chandigarh University | MBA Tourism and Hospitality Management | INR 57.8 K - 6.04 L |
| Indira Institute of Management - IIMP | MBA | INR 4.4 L - 8 L |
| ASM’s Institute of Business Management and Research-IBMR | MBA | INR 3 L - 6.5 L |
| Amity University | MBA in Agriculture and Food Business | INR 4.86 L - 20.16 L |
| Ambedkar University | MBA | INR 3 L |
| AIMS Institute of Management Studies | MBA | INR 3.95 L - 5.9 L |
| MIT Pune - MIT World Peace University | MBA | INR 3.5 L |
| DBS - Doon Business School | MBA International Business | INR 5.15 L - 9.79 L |
Best MBA colleges in India with low fees without CAT
Many colleges in India offer MBA programs at a minimal cost. These courses are delivered based on entrance examinations conducted by the individual university. Here is a list of Best MBA colleges in india with low fees without CAT
| Serial No. | Name of Colleges | Fee Structure |
|---|---|---|
| 1 | Guru Gobind Singh Indraprastha University [GGSIPU] | INR 56,000 |
| 2 | Bangalore University | INR 66,000 to 75,000 |
| 3 | Visvesvaraya Technical University [VTU] | INR 56,000 to 65,000 |
| 4 | Dr. B.R. Ambedkar University | INR 2,99,880 |
| 5 | University Business School - Panjab University | INR 50,000- 96,345 |
| 6 | Sydenham Institute of Management Studies, Research & Entrepreneurship Education [SIMSREE] | INR 1,36,000 |
| 7 | Tata Institute of Social Sciences [TISS], Mumbai | INR 1,14,600 |
| 8 | Department of Management Sciences, University of Pune [PUMBA] | INR 1,34,000 |
| 9 | Jamnalal Bajaj Institute of Management Studies [JBIMS], Mumbai | INR 6,00,000 |
| 10 | Pune Institute of Business Management, Pune | INR 7,95,000 |
Given below is a summary of the Best MBA colleges in India with low fees without CAT
Top MBA Colleges In Mumbai With Low Fees Based On Cutoff In 2022
Different aspirants take admission to the top MBA colleges in Mumbai on different basis like entrance exams and merit lists. Most of the top MBA colleges in Mumbai accept MAT score, 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 Colleges In Mumbai With Low Fees Based On NIRF Ranking In 2022
According to NIRF Ranking, these are the top 5 MBA colleges in Mumbai with low fees, which include the following:-
| Name of the College | 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 - Vivekananda Education Society Institute of Management Studies and Research | 76-100 |
Top MBA Colleges In Mumbai With Fees In 2022
- There are thousands of alternatives for doing MBA program in Mumbai.
- The fee range for MBA program in Government MMS/MBA colleges and other top MBA colleges in Mumbai varies accordingly.
- Here is the list top MBA colleges in Mumbai with fees in 2022
| Name of the College |
|---|
| SJMSOM IIT Bombay |
| SP Jain (SPJIMR) |
| Narsee Monjee (NMIMS) |
| KJ Somaiya |
| WelingkarMumbai |
| NITIE Mumbai |
| SIMSREE Mumbai |
| Name of the College | Fees in lakhs |
|---|---|
| SPJIMR, Mumbai | Rs. 19.00 |
| NMIMS, Mumbai | Rs. 20.80 |
| IIT Bombay | Rs. 10.08 |
| NITIE Mumbai | Rs. 12.58 |
| JBIMS Mumbai | Rs. 6.00 |
| K J Somaiya Institute of Management, Mumbai | Rs. 18.79 |
| Prin L N Welingkar Institute of Management Development and Research | Rs. 13.00 |
| BITS School of Management - BITSOM | Rs. 20.60 |
| SDA Bocconi Asia Center | Rs. 18.60 |
| SIMSREE Mumbai | Rs. 1.35 |
List Of Top Private MBA Colleges In Mumbai With Low Fees In 2022
| Name of the College | Fees in Rs. |
|---|---|
| Dr. DY Patil University's School of Management, Navi Mumbai | 8.4 L |
| Kohinoor Business School, Mumbai | 5.5 L |
| Sir M. Visvesvaraya Institute of Management Studies and Research, Mumbai | 4.6 L |
| ASM's Institute of Management & Computer Studies, Thane | 2.31 L - 6.5 L |
| GNVS Institute of Management, Mumbai | 3.5 L |
List Of Top Government MBA Colleges in Mumbai With Low Fees In 2022
| Name of the College | Fees in Rs. |
|---|---|
| Tata Institute of Social Sciences, Mumbai | 40.6 K - 1.05 L |
| Bombay Stock ExchangeInstitute, Mumbai | 5.6 L - 30.76 L |
| Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | 8.32 L |
| National Institute of Industrial Engineering, Mumbai | 6.63 L - 14.63 L |
| Sasmira's Institute of Management Studies and Research | 3.8 L |
Top MBA Colleges In Mumbai Based On ROI In 2022
Return on Investment of top MBA colleges in Mumbai is computed by dividing the return or benefit by the cost of investment as fees. In other words, ROI refers to what placement an aspirant gets vs what they paid for the college. Aspirants can check the list of top MBA colleges in Mumbai along with their course fees and average salary.
| Name of the College | Fees in (Rs.) | Average salary (per annum) |
|---|---|---|
| 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 |
Top 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
Top MBA In Marketing Colleges In Mumbai With Low Fees In 2022
| Name of the College | Accepted Entrance Exam | Fees |
|---|---|---|
| KJ Somaiya Institute of Management | CAT, CMAT, XAT, GMAT and MAH MCA CET | Rs. 2.47 - 14.93 lakhs |
| Prin LN Welingkar Institute of Management Development and Research | CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET | Rs. 1.60 lakhs |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education | CAT, CMAT and MAH MBA CET | -- |
| IES Management College and Research Centre | MAH MBA CET, CAT and GMAT | Rs. 1.38 lakhs |
| MET Institute of Management | GMAT and MAH MBA CET | -- |
Top MBA In HR Marketing Colleges In Mumbai With Low Fees In 2022
| Name of the College | Accepted Entrance Exam | Fees |
|---|---|---|
| Narsee Monjee Institute of Management Studies | NMAT, GRE and GMAT | Rs. 18.50 lakhs |
| KJ Somaiya Institute of Management | CAT, CMAT, XAT, GMAT and MAH MBA CET | Rs. 2.47 - 14.93 lakhs |
| Prin LN Welingkar Institute of Management Development and Research | CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET | Rs. 1.60 lakhs |
| St Francis Institute of Management and Research | CAT, XAT, GMAT, MAT CMAT and MAH MBA CET | -- |
Top MBA In Financial Management Colleges In Mumbai With Low Fees In 2022
| Name of the College | Accepted Entrance Exam | Fees |
|---|---|---|
| KJ Somaiya Institute of Management | CAT, CMAT, XAT, GMAT and MAH MCA CET | Rs. 2.47 - 14.93 lakhs |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education | CAT, CMAT and MAH MBA CET | - |
| Sinhgad Institute of Business Management | MAH MBA CET | - |
Top MBA In Operations Management Colleges In Mumbai With Low Fees In 2022
| Name of the College | Accepted Entrance Exam | Fees |
|---|---|---|
| KJ Somaiya Institute of Management | CAT, CMAT, XAT, GMAT and MAH MBA CET | -- |
| IES Management College and Research Centre | CAT, GMAT and MAH MBA CET | -- |
| School of Management, Dr DY Patil University | No Entrance Test | Rs. 8.40 lakhs |
| NMIMS School of Business Management | NMAT | -- |
Top MBA In IT Colleges In Mumbai With Low Fees In 2022
| Name of the College | Accepted Entrance Exam | Fees |
|---|---|---|
| Prin LN Welingkar Institute of Management Development and Research | CAT, XAT, MAT, ATMA, MAH MBA CET, CMAT and GMAT | Rs. 1.60 lakhs |
| Jamnalal Bajaj Institute of Management Studies | MAH MBA CET | Rs. 1.53 lakhs |
| Thakur Institute of Management Studies and Research | CMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CET | Rs. 1.89 lakhs |
Guru Gobind Singh Indraprastha University [GGSIPU]
Guru Gobind Singh Indraprastha University, also known as GGSIPU, was established under the Guru Gobind Singh Indraprastha University Act, Government of Delhi, in 1998. It is accredited through the Association of Indian Universities [AIUas well as The University Grant Commission [UGC]. GGSIPU has been recognized by UGC and is accredited by the NAAC. The university provides undergraduate, postgraduate, and doctoral degrees. Alongside the highest quality education, it also grants students with financial aid.
Bangalore University
Bangalore University was established in 1964 in order to provide a class-apart curriculum to students enrolled in various courses. It is one of the top institutions in India and has been approved by NAAC which is recognized and endorsed by UGC. It offers a range of undergraduate and postgraduate classes in the fields of arts, social sciences and commerce, science technology, law and. MBA can be considered among the most choices of courses.
Visvesvaraya Technical University [VTU]
VTU is among the top universities in India which offers programs in engineering and technical research, education, and innovation since the beginning of its existence at the end of 1998. VTU includes 219 college affiliated as well as one constituent college, and 17 autonomous colleges. It offers 35 undergraduate courses and 94 postgraduate programs that are in the Engineering discipline as well as the MBA program. Admission to courses is determined by admission tests.
Dr. B.R. Ambedkar University
Dr. B.R. Ambedkar University (Ambedkar University Delhi or AUD) was established by the Government of the National Capital Territory of Delhi through an Act of Legislature in 2007. The main purpose of this university is to promote respect for the diversity of society and to promote honesty, humility, dedication for human values, collaboration, and openness. AUD offers admission to a variety of undergraduate and postgraduate programs.
In addition, there are 44 seats available to MBA programs. Candidates must achieve at least 50% on their final exams to be eligible for admission.
University Business School – Panjab University
University Business School (UBS) has been offering management courses for decades , since its inception around 1995. UBS has always been ranked among the best management schools across India. In addition, the University Grant Commission recognizes UBS. UGC has provided funding to its University Business School under its famous ASIHHS Program.
The admission to MBA program MBA program is granted upon passing the entrance test administered through Panjab University and based on your performance during the GD round.
Sydenham Institute of Management Studies, Research & Entrepreneurship Education (SIMSREE)
SIMSREE is well-known for the high-quality training it has provided since its founding at the age of 1983. It is accredited through the All India Council for Technical Education [AICTE The AICTE. It offers courses in a variety of management disciplines, based on admission tests. In order to be eligible for admission to MBA programs, students must be able to score at least 55% overall from any accredited institution or comparable.
Tata Institute of Social Sciences [TISS]
The institute was initially founded in 1936, the institute was initially named Sir Dorabji the Tata Graduate School for Social Work, the school in 1936, the school was changed in 1934 to Tata Institute of Social Sciences in 1944. The primary goal that the Institute has is to provide higher education to an ever-changing society. It has been acknowledged through The University Grants Commission Act (UGC) since 1956. It offers postgraduate and research programs.
Department of Management Sciences, University of Pune [PUMBA]
Since its inception around 1971 Since its inception, the Department of Management Sciences, University of Pune (PUMBA) has helped shape the future of students by offering top-quality training and facilities. PMBA is acknowledged as a university by University Grants Commission (UGC) as the University of Potential Excellence.
Admissions to the various MBA programs are made via entrance exams. Students must achieve at least 50% of their total score in order to be considered to be considered for admission.
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
JBIMS was founded in 1965 and is affiliated to the University of Mumbai. JBIMS is endorsed through the All India Council for Technical Education [AICTE It is a member of the All India Council for Technical Education [AICTE]. The goal of JBIMS is to sustain high standards and help young minds develop into professional leaders. The institute organizes various seminars and has guests lecturers to enhance the education of students. It is also one of the top B-schools in the entire country.
Pune Institute of Business Management [PIBM]
Since its beginning 2007 Pune Institute of Business Management is among the top management schools in Pune. In the past students have favored the admissions to this institution over other institutions. The institute is associated to Savitribai Phule Pune University (SPPU) and is accredited by NAAC. It provides MBA, PGDM and PGDM Executive courses in various areas of specialization. Additionally, it organizes a variety of seminars, summits, and digital courses.
Best MBA colleges in india with low fees without CAT admission test provide individuals with identical educational opportunities as those who have CAT scores. CAT scores, on the other hand, are generally recognized, but with the tremendous growth in competition, no one student can pass the CAT exam. As a result, they look for MBA programs that do not need the CAT.
Furthermore, MBA course expenses are often on the pricier side. It might be difficult for students to organize course costs at times. However, there are certain colleges that provide direct admission to pupils.
Top MBA Colleges in Mumbai with Low Fees 2022
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 in Mumbai University revolves around INR 8K to 4 Lacs. MBA in Mumbai is a popular course among the bachelors, and the students prefer top MBA colleges in Mumbai with low fees. 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. List of Government colleges in Mumbai with fees and other colleges with fees are mentioned below:-
| Name of the college | MBA Fees |
|---|---|
| Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) | INR 1,34,000 |
| Tata Institute of Social Sciences (TISS) | INR 2,00,000 |
| 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 |
| Jankidevi Bajaj Institute of Management Studies (JDBIMS) | INR 1,70,000 to INR 4,72,000 |
| University Of Mumbai | INR 8K to INR 2,00,000 |
| Sasmira's Institute of Management Studies and Research (SIMSR) | INR 4,00,000 |
Top MBA colleges in Mumbai with Low Fees 2022 Placements and other details
The MBA colleges in Mumbai with fees is what the student looks for. It is very popular to pursue MBA course in Mumbai for which students look for the list of MBA colleges in Mumbai and top ten MBA colleges in Mumbai. Top B schools in Mumbai are the ones that offers the course of MBA. Top 10 government MBA colleges in Mumbai are those colleges that runs under government funds through which the MBA fees is low. University of Mumbai is one of the oldest MBA university in Mumbai. It was assembled before independence. Also it is one of the best university for MBA in Mumbai included in the top 10 management colleges in Mumbai. MBA colleges in Mumbai fees is higher than 5 lakh in total for which students look for MBA colleges in Mumbai with low fees.
Top MBA colleges in Mumbai with Low Fees 2022:- SIMSREE
SIMSREE (Sydenham Institute of Management Studies and Research and Entrepreneurship Education) is one of India’s most prestigious commerce colleges. SIMSREE’s parent institution is Sydenham College. The institute offers a full-time master’s programme with specialisations in finance, human resources, marketing, operations, and systems to develop true leaders. It also provides a part-time master’s programme in Marketing and Finance to appeal to working people. SIMSREE accepts merit from MAH CET or CAT/ XAT/ MAT national level examinations.
Placement
SIMSREE has issued its placement report for batch 2021, revealing that 86 organisations engaged in the recruitment drive, with 39 of them being first-time recruiters. With a placement rate of 100 percent, the institute has maintained an exceptional placement record.
During the SIMSREE placement campaign in 2021, the highest CTC was INR 25 LPA, while the average CTC was INR 12.3 LPA, and the BFSI sector had the most students placed, followed by Real Estate and IT.
| Batch | Placement Statistics (2018-20) | Placement Statistics (2019-21) |
|---|---|---|
| Number of Companies Participated | 78 | 86 |
| Number of New Recruiters | 26 | 39 |
| Highest CTC | INR 20 LPA | INR 25 LPA |
| Average CTC | INR 12.2 LPA | INR 12.3 LPA |
| Median CTC | INR 11.74 LPA | INR 11.8 LPA |
| Major Sector | BFSI, Real Estate and IT | BFSI, Real Estate and IT |
| Top Recruiters | Amway, AO Smith, Deloitte | Ernst and Young, Godrej, Motilal Oswal |
Top MBA colleges in Mumbai with Low Fees 2022:- Tata Institute of Social Sciences
TISS (Tata Institute of Social Sciences) was founded in 1936. Sir Dorabji Tata Graduate School of Social Work was its previous name. TISS aspires to be a world-class higher education institution that adapts to changing societal circumstances. TISS has three campuses: TISS Hyderabad, TISS Guwahati, and TISS Tuljapur. Its main campus is in Mumbai, and it has three other campuses: TISS Hyderabad, TISS Guwahati, and TISS Tuljapur. TISS Mumbai has two campuses: the Main Campus and the Malti and Jal A.D. Naoroji Campus Annexe, both of which are located in Deonar in Greater Mumbai’s North-East section.
Placement
TATA Institute Of Social Science, or TISS for short, is one of Asia’s oldest professional social work education institutes. The institute has an NIRF overall ranking of 57.
The institute has already begun its placement campaign for the 2020-21 academic year, with the highest CTC of INR 32 LPA and the highest stipend of INR 1.5 Lakh per month for the summer internship cohort of 2021-22.
The institute’s final placement drive for the MA in HRM and LR cohort of 2021 was completed, with the highest CTC offered being INR 29.32 LPA and the average CTC offered being INR 19.62 LPA.
The HRM-LR class got offers from 36 companies, and students received 22 pre-placement offers.
| Particulars | Placement Statistics 2020 | Placement Statistics 2021 |
|---|---|---|
| Number of Students | 60 | 66 |
| Number of Companies Participated | - | 36 |
| Number of PPOs | 20 | 22 |
| Highest CTC | INR 32.79 LPA | INR 32 LPA |
| Top Recruiters | Amazon, TCS, Reliance Jio | Flipkart, ITC, Nestle |
Top MBA colleges in Mumbai with Low Fees 2022:-Veermata Jijabai Technological Institute [VJTI]
Established in 1887, Veermata Jijabai Technological Institute [VJTI] is one of Asia’s oldest engineering institutes. The institute offers undergraduate, graduate, diploma, and doctoral programmes. Entrance exams such as MHT CET, GATE, MAH MCA CET, and UGC NET are used to determine admission to B.Tech, M.Tech, MCA, and Ph.D. programmes. Admission to Diploma programmes is determined by the results of the previous qualifying examination. Admissions rounds are referred to as CAPAI (Centralised Admission Process to Autonomous Institutes). The application process is completed entirely online.
Placement
In 2021, Veermata Jijabai Technological Institute (VJTI) in Mumbai experienced a strong placement push. Despite the pandemic, a significant number of students were hired by reputable recruiters with competitive pay packages.
This year, Google offered the highest CTC package of INR 58 LPA during VJTI Placements 2021. Other firms, such as Apple, Microsoft, and Amazon, also provided attractive CTC packages to VJTI students.
| Particulars | Placements Statistics (2019-20) | Placements Statistics ( 2020-21) |
|---|---|---|
| No. of Students placed | 574 | - |
| Highest CTC | - | INR 58 LPA |
| Average CTC | INR 13 LPA | - |
| Top Recruiters | - | Google, Apple, Microsoft, Amazon etc |
Top MBA colleges in Mumbai with Low Fees 2022:- Jankidevi Bajaj Institute of Management Studies (JBIMS)
The Mumbai-based Janki devi Bajaj Institute of Management Studies (JBIMS) was founded in 1997. SNDT Women’s University’s JDBIMS is a management studies centre and a postgraduate department of management education. JDBIMS’ main goal is to provide world-class management education for women, to offer a variety of highly specialised areas of management education to meet the needs of women, to provide opportunities for women to claim their rightful place in the corporate world through management education, and to establish new standards and benchmarks in management education.
Placement
The prestigious Jamnalal Bajaj Institute of Management Studies has a sibling firm, Jankidevi Bajaj Institute. This link provides pupils with access to some of Jamnalal’s first-grade faculty. Teachers have decades of expertise in the field of education and in the workplace. CET was used for admission. Based on my ranking and preferences, the College was assigned to me. Jankidevi is located in Santacruz West, making it easily accessible to residents of Mumbai’s suburbs. The facilities are outstanding, and having access to the SNDT library is a bonus. The campus is an adventure in and of itself.
Top MBA colleges in Mumbai with Low Fees 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 PhD programmes.
Placement
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 companies attended the JBIMS Placements 2021 event.
Top MBA colleges in Mumbai with Low Fees 2022:- University of Mumbai
The University of Mumbai, founded in 1857, is one of India’s oldest and most prestigious universities. The Mumbai University was recently ranked in the QS World Rankings 2021, with a position in the range of 1001-1200. Mumbai University is well-known throughout the country for its undergraduate, graduate, and doctoral programmes in the faculties of Arts, Commerce, Science, Technology, Law, Management, and Fine Arts. Admission to Mumbai University’s programmes is provided on the basis of merit lists or entrance examinations.
Placement
In campus placements, the maximum compensation package provided to a Mumbai University graduate was INR 5.5 LPA, while the average salary package offered was INR 3.2 LPA.
Tata, Bluedart, JP Morgan, FedEx, Axis Bank, and HDFC Bank have all been recruiters for the Mumbai University in the past.
Top MBA colleges in Mumbai with Low Fees 2022:- Sasmira’s Institute of Management Studies and Research (SIMSR)
Times B-School has classified Sasmira’s Institute of Management Studies and Research (SIMSR) in Mumbai as number 57 among the top 74 private institutes, while the Chronicle B-School Survey has awarded it the “Certificate of Excellence” as a “A category B-School.” In the area of Management Studies, SIMSR Mumbai provides degree and PhD programmes.
Placement
SIMSR Mumbai offers a placement department that helps students and industry connect. The institute has a staff of dedicated, passionate, and capable placement cells dedicated to providing students with appropriate professional training and placement chances with some of the most prestigious firms and organisations. During the 2019 postings, the highest CTC package was worth INR 9.5 LPA, and the average CTC package was worth INR 4.5 LPA. The following are the MMS and MMM placement highlights:
| Category | MMS | MMM |
|---|---|---|
| Percentage of Students Placed | 0.95 | 0.8 |
| Minimum Salary | INR 3.6 LPA | INR 5 LPA |
| Median Salary | INR 4.8 LPA | INR 7.2 LPA |
| Average Salary | INR 4.8 LPA | INR 7.2 LPA |
| Maximum Salary | - | INR 12 LPA |
Conclusion
The top colleges in Mumbai for MBA are TISS and SIMSREE also their fees is low. there are a number of management colleges in Mumbai from which very few are good MBA colleges in Mumbai and some of them are best university in Mumbai for MBA such as SPJIMR, NITIE, SIMSREE SJMSOM and KJ Somaiya. This colleges are counted as top 10 MBA college in Mumbai. SIMSREE is called as the best institute for MBA in Mumbai among all the Mumbai MBA colleges. ICFAI and IIBM I business schools in Mumbai that accept admissions without entrance exams and that’s why called MBA colleges in Mumbai without entrance exam. They are also included in the list of top 10 B schools in Mumbai in top PGDM colleges in Mumbai. List of MBA colleges in Mumbai is very long and for MBA Mumbai University is termed the best.
Frequently Asked Questions
Q. Which college is better for MBA in Mumbai?
Ans. SPIJMR and NMIMS are better for MBA in Mumbai
Q. Which is the No 1 college in Mumbai?
Ans. St. Xavier’s College is the No 1 college in Mumbai.
Q. Which College in Mumbai has best Campus?
Ans. St. Xavier’s College and Sophia College has best Campus in Mumbai.
Q. Which is the largest college in Mumbai?
Ans. The University of Mumbai or Mumbai University is the largest college in Mumbai.
Q. Which is better SK or KJ?
Ans. KJ Somaiya is better than SK Somaiyam.
Q.Which are some of the job profiles that the candidates are hired for?
Ans. Once the candidate gets completed with 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
Q. What is the duration of a course in MBA?
Ans. MBA is a 02-year postgraduate degree in the field of management and business administration which covers various areas which comprise business, finance, management, marketing, development, and many other interesting topics.
Q. What is the eligibility criteria for pursuing a course in MBA?
Ans. The eligibility criteria for the aspirants to aspire 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.
Q. How is the scope of MBA in Finance in the future?
Ans. The scope of MBA in Finance is vast and keeps expanding with each passing day with the need of professionals in the field. There are many career opportunities in the field. It is one of the most preferred choices among the 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 MBA in Finance in future as well as now is increasing day-by-day.
Q. What is the average starting salary for a job profile?
Ans. The average starting salary for any of the job profiles is high once the candidate completes the course in 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.
Q. What is the fee structure to pursue a course in MBA?
Ans. 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.
Q. What are the fees for MBA in Mumbai?
Ans. The average fee structure to pursue a course in MBA is Rs. 1 Lakhs.
Q. Can I do MBA without fees?
Ans. 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.