Top MBA in Finance Colleges in Mumbai in 2022
Saurav Anand
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August 31, 2022
Top MBA in Finance Colleges in Mumbai in 2022 includes over 80 MBA in Finance colleges furnishing specialized degrees. Almost 94% of the MBA in Finance colleges in Mumbai are privately owned. The remaining MBA in Finance colleges in Mumbai is administered by government organizations.
MBA is a two-year professional degree program that offers a variety of specializations. Aspirants from all disciplines can select an MBA specialty depending on their interests and future ambitions. Finance is one of the majors to choose from among more than 50 MBA specializations. An MBA in Finance helps students understand financial management, investments, and resources of money.
CAT, CMAT, MAT, ATMA, and XAT, among others are accepted for MBA in Finance admission across Mumbai.
Top MBA in Finance Colleges in Mumbai in 2022 Highlight
The table below mentions key highlights of the Best MBA Colleges in Mumbai for Finance.
| Parameters | Particulars |
|---|---|
| Number of MBA in Finance colleges in Mumbai | Nearly 80 colleges |
| Annual fees | - Annual fees < INR 1 lakh: Approx. 1 percent - Annual fees > INR 5 lakh: Approx. 57 percent |
| Admission process | Entrance-based |
Top 10 MBA Colleges in Mumbai with Fees in 2022
Here given below is the list of Top MBA Colleges in Mumbai along with their fees structure, which includes the following:-
| 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 |
List of MBA in Finance Colleges in Central Mumbai 2022
- Alkesh Dinesh Mody Institute For Financial & Management Studies
- Bharati Vidyapeeth BVIMSR Centre for Business Education
- Dr. D.Y Patil Institute of Management Studies
- Guru Nanak Institute of Management Studies
- IES Management College & Research Centre
- Indian Institute of Technology
- ITM Executive Education Centre
- Jankidevi Bajaj Institute of Management Studies
- JK Institute of Technology & Management
- K.J. Somaiya Institute of Management Studies & Research
- L.S. Raheja College of Arts & Commerce
- MET Institute of Management
- Mukesh Patel School of Technology Management & Engineering, NMIMS University
- School of Business Management, NMIMS University
- School of Commerce, NMIMS University
- The Indian Institute of Planning & Management
- Vasntadada Patil Pratishthan’s Institute of Management Studies
- Vidyalankar Institute of Technology
- Welingkar Institute of Management Development & Research
List of MBA in Finance Colleges in North Mumbai 2022
- Aegis School of Business
- ASM’s Institute of Management & Computer Studies
- Atharva Institute of Management Studies
- Atharva School of Business
- ICFAI Business School
- Jamnalal Bajaj Institute of Management Studies
- Jashbhai Maganbhai Patel College of Commerce
- M.E.S. Humera Khan Institute of Management Studies & Research
- Rajasthani Sammelan’s Management Institute
- ST. Francis Institute of Management & Research
List of MBA in Finance Colleges in South Mumbai in 2022
- Anjuman Khairul Islam’s College
- Asian Institute of Management
- Bushra International Institute of Graduate Studies
- Indian Institute of Banking and Finance
- Indian Institution of Export & Import Management
- Jamnalal Bajaj Institute of Management Studies
- K.P.B. Hinduja College of Commerce
- Lala Lajpat Rai Institute of Management
- Sydenham Institute of Management Studies & Research & Entrepreneurship Education
List of MBA in Finance Colleges in Navi Mumbai in 2022
- Bharati Vidyapeeth Institute of Management Studies & Research
- Institute of Business Studies & Research
- ITM Business School
- ITM Institute of Financial Markets
- Oriental Institute of Management
- SIES College of Management Studies
- MBA in accounting and finance colleges in Mumbai
Top MBA in Finance Colleges in Mumbai in 2022 Eligibility Criteria
The eligibility criteria for perusing an MBA in Finance program vary from college to college, but the basic eligibility criteria for the course, however, remain the same. The following are the eligibility requirements for an MBA in Finance.
- Aspirants must have a bachelor’s degree from a recognized institution or institute, regardless of field.
- MBA in Finance colleges in Mumbai may have a minimum score criterion. As a result, unreserved category applicants with a minimum score of 50% are eligible. The minimum score for restricted category applicants is 45%. The minimal score may fluctuate between colleges.
- Aspirants whose results for the final semester of their bachelor’s degree are pending are provisionally qualified to apply for the course.
Top MBA in Finance Colleges in Mumbai in 2022 based on NIRF Ranking
The National Institutional Ranking Framework (NIRF) rates colleges around Mumbai in many fields such as Management, Pharmacy, Dental, Medicine, Architecture, and Engineering, among others by using the following criteria:-
- Teaching, Learning, and Resources
- Research and Professional Practices
- Graduation Outcomes
- Outreach and Inclusivity
- Peer Perception
The table below mentions the Top MBA in Finance Colleges in Mumbai with NIRF ranking
| Name of the College | NIRF 2021 Rank |
|---|---|
| SPJIMR - S.P. Jain Institute of Management and Research | 19 |
| K J Somaiya Institute of Management | 56 |
Top Private MBA in Finance Colleges in Mumbai with Fees in 2022
| Name of the College | Course Fee (In INR) |
|---|---|
| Vidyalankar Institute of Technology | 3 L |
| ICFAI Business School, Mumbai | 9.09 L |
| Welingkar Institute of Management | 11.04 L |
| IES's Management College and Research Centre | 8 L |
| N.L. Dalmia Institute of Management Studies and Research | 11.5 L |
Top Government MBA in Finance Colleges in Mumbai with Fees in 2022
| Name of the College | College Fee (In INR) |
|---|---|
| Bombay Stock Exchange Institute, Mumbai | 6.61 L |
| SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education | 1.34 L |
| Sasmira's Institute of Management Studies and Research | 3.8 L |
Top MBA in Finance Colleges in Mumbai in 2022 Based on ROI
- There are a number of top MBA in Finance colleges in Mumbai that entrust placements on par with the top IIMs.
- The return on investment (ROI) of an MBA college is a measurable indication of value for money.
- The return on investment (ROI) is calculated by comparing the placement package to the course price.
- In terms of ROI, SPJIMR and SIMSREE are among the best MBA in Finance colleges in Mumbai in 2022.
- The table below lists some of the top B-schools in Mumbai that provide MBA in Finance, along with course costs and average placement packages.
| Name of the College | Course Fee (In INR) | Average Placement Package (In INR) |
|---|---|---|
| SPJIMR - S.P. Jain Institute of Management and Research | 17.5 L | 19.5 LPA |
| SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education | 1.34 L | 10.97 LPA |
| NMIMS SBM Mumbai | 21.9 L | 17.75 LPA |
| ICFAI Business School, Mumbai | 9.09 L | 9.7 LPA |
| Welingkar Institute of Management | 11.04 L | 8.61 LPA |
Top MBA in Finance Colleges in Mumbai in 2022 Accepted Entrance Exams
- Aspirants get admission into an MBA program in any MBA in Finance Colleges in Mumbai in 2022 based on the scores of the aspirants in the entrance exam.
- Top MBA in Finance colleges in Mumbai accept scores from national, or state level exams including CAT, XAT, CMAT, MAT, MAH CET, ATMA, and NMAT, among others.
Top MBA in Finance Colleges in Mumbai in 2022
Frequently Asked Questions
Q1. What are the Mumbai-based Best MBA Colleges in Mumbai for Finance?
Ans. Nearly 80 MBA in Finance schools are located in Mumbai. Around 94 percent of Mumbai’s MBA in Finance colleges are supported by private entities, while the rest are managed and funded by the government.
Q2. What is the cost of the Best MBA Colleges in Mumbai for Finance?
Ans. MBA in Finance Colleges in Mumbai offer different fees. The average MBA in Finance college in Mumbai charges a fee of INR 5 lakh. MBA in Finance is expensive in Mumbai.
Q3. Is there a Mumbai MBA in Finance College that is ranked in NIRF’s Top 100?
Ans. Yes. SPJIMR & K J Somaiya Institute of Management were ranked in the NIRF 2021 Management Ranking at 19th and 56th, respectively.
Q4. What are the most sought-after job profiles in Mumbai for MBAs in Finance?
Ans. Many Finance graduates can be considered for roles such as Financial Analyst, Financial Manager or Financial Analyst, Budget Analyst, Financial Services Agent, Investment banker, Cash Management, and other options.
Q5. What are the most popular entrance tests for MBA in Finance admissions?
Ans. MBA in Finance entrance exams that are accepted by colleges in Mumbai include CAT and CMAT. The most popular MBA entrance exam is the CAT in Mumbai.
Q6. Do Mumbai MBA in Finance admitters need to have work experience?
Ans. Although it is not required to have work experience following a bachelor’s, candidates who have worked in finance tend to be more likely to get a job after an MBA in Finance. Some MBA in Finance colleges in Mumbai also give weightage to work experience in the selection process.
Q7. In which colleges does Google come for placement in Mumbai?
Ans. Indian Institute of Technology (IIT), Bombay.
Q8. What is Mumbai University famous for?
Ans. The University of Mumbai (known earlier as the University of Bombay) is one of the oldest and premier Universities in India. It was established in 1857 consequent upon “Wood’s Education Dispatch”, and it is one of the first three Universities in India.
Q9. Is Pune University better than Mumbai University?
Ans. Pune University (PU) has surpassed Mumbai University (MU) in academic quality, research output, and overall excellence. Besides, it has emerged as Maharashtra’s major varsity with the largest cohort of affiliated colleges.
Q10. Is a Mumbai university degree valuable?
Ans. Mumbai University is ranked 34 in Indian University rankings. So, yes if you pursue your under graduation from here, it will definitely be worth it.