MBA Colleges In Mumbai:Â Pursuing an MBA in Mumbai provides access to India's vibrant economic landscape. Mumbai, India's financial hub, is home to a diverse range of businesses, from international giants to growing startups. This broad ecosystem provides a great environment for MBA students. This will help them immensely in real-world business settings, learning about numerous industries and market dynamics.
Mumbai's prominence as a worldwide financial center provides access to a variety of networking possibilities, including connections with industry leaders and possible employment. On top of this, the pleasant climate acts as the cherry on top.
Beyond academics, studying in Mumbai offers a rich cultural experience. The city's vibrant and cosmopolitan atmosphere promotes variety by bringing together people from various backgrounds and cultures. This cultural melting pot not only improves the overall learning experience, but it also fosters a global attitude in MBA students, which is critical for navigating the interconnected world of business.
Mumbai's rich legacy and vibrant lifestyle provide several chances for personal development, discovery, and enrichment outside of the classroom. Not only this, Mumbai is host to a safer and more inclusive culture as compared to the rest of India.
Mumbai is an attractive option not only for its culture and opportunities but also for the opportunities with regards to education. It is host to a bustling lifestyle, a vast range of companies and a range of tier-1 MBA institutes.
Name | Fees | Exam Accepted | Cutoffs | Average Package |
IIM Mumbai | 22 L | CAT | 98+ | 27.75 LPA |
Jamnalal Bajaj Institute of Management Studies (JBIMS) | 6L | MAHCET/ CMAT/ CAT | 99.5+ | 28.02 LPA |
IIT Bombay (SJMSOM) | 14.5 L | CAT | 98+ | 28.88 LPA |
S P Jain Institute of Management and Research | 24 L | CAT / GMAT | 93 + (profile based) | 33 LPA |
Narsee Monjee Institute of Management Studies (NMIMS) | 24 L | NMAT | 240+ | 26.63 LPA |
Prin. L. N. Welingkar Institute of Management Development & Research (WE School) | 14 L | CAT / XAT / GMAT / ATMA / CMAT | CAT - 75 + | 12.49 LPA |
K. J. Somaiya Institute of Management Studies and Research (SIMSR) | 20 L | CAT/ XAT/ CMAT/ NMAT/ GMAT | CAT- 85+ | 13.2 L |
N. L. Dalmia Institute of Management Studies and Research | 16.2 L | MAT/ XAT/ CAT/ CMAT/ ATMA/ MAHCET/ MHT CET | CMAT - 85+ | 14 LPA (Top 10%) |
ITM Business School | 11.9 L | MAT/ XAT/ CAT/ NMAT/ CMAT/ ATMA/ MAH CET | CAT - 75+ | 8.7 LPA |
SDA Bocconi Asia Centre | 19.4 L | CAT/ NMAT/ GRE/ GMAT | NMAT - 200+ | 14.3 LPA |
SIMSREE (MMS) | 1.34 L | CAT/ CMAT/ MAH CET | CMAT - 99 | 12.20 LPA |
Chetana's Institute of Management and Research (MMS) | 2.2 L | CAT/ XAT/ MAT/ CMAT/ MAH CET/ ATMA | XAT - 60 CMAT - 80 | 6 LPA (median) |
Lala Lajpatrai Institute of Management (LLIM) | 1.5 L | MAT/ XAT/ CAT/ CMAT/ ATMA/ MAH CET | CAT - 65+ | 5.5 LPA |
Rizvi Institute of Management Studies and Research | 3.8 L | MAT/ XAT/ CAT/ CMATA/ TMA/ MAH CET | CAT - 60+ | 5 LPA |
Mumbai is no stranger to Tier-1 colleges. In fact, we can safely say that Mumbai hosts the maximum number of top-tier colleges in the country.
NITIE - National Institute of Industrial Engineering - was one of the top colleges for an MBA degree in the country. Last year, it was given an IIM status and now boasts of being IIM Mumbai. Established in 1963, IIM Mumbai is one of the Old IIMs and ranked 7 by NIRF. The institute also has a robust alumni network which provides valuable guidance and career opportunities.
Name | Average Fees | Exam Accepted | Cutoffs | Average Package |
IIM Mumbai* | 22 L | CAT | 98+ | 27.75 LPA |
Also Read, Best MBA Specializations In India
Dubbed as the "CEO Factory of India" - JBIMS, undoubtedly, boasts of the alumini network more than anything else. This is despite the fact that an MBA from this college costs just 6L - while an average MBA college of this stature demands around 23L. Further, it is amongst a selective number of colleges that offers an MSc in Finance. The college has an industry-relevant curriculum while having a top-tier faculty. The only problem, however, is the high reservation here. For General students who are not a Maharashtra domicile, getting a seat in this college can prove tougher than getting an entry into IIM A.
Name | Average Fees | Exam Accepted | Cutoffs | Average Package |
Jamnalal Bajaj Institute of Management Studies (JBIMS) | 6L | MAHCET/ CMAT/ CAT | 99.5+ | 28.02 LPA |
IIT Bombay is undoubtedly, the best option if you wish to do an MBA from an IIT. The benefit of this college is that it offers great exposure, has an incredible amount of brand value aur hosts a large number of companies for placements every year. Also, because it is an IIT, the fee is much lower while placements still remain highly competitive.
Name | Average Fees | Exam Accepted | Cutoffs | Average Package |
IIT Bombay (SJMSOM) | 14.5 L | CAT | 98+ | 28.88 LPA |
SPJIMR is one the best institutes in the country at the moment. The institute was ranked #1 (Above IIM A) by Financial Times, 2023. The benefit that this college offers is that it gives a lot of weightage to your profile. If you have showed leadership skills in the past and have significant achievements - you can get into the college even with a low CAT %ile. It also has exchange program tie-ups with reputed global universities such as Cornell.
Name | Average Fees | Exam Accepted | Cutoffs | Average Package |
S P Jain Institute of Management and Research | 24 L | CAT / GMAT | 93 + (profile based) | 33 LPA |
The Narsee Monjee Institute of Management Studies (NMIMS) is a notable Indian university renowned for its management education. NMIMS, established in 1981, provides a variety of undergraduate and postgraduate programmes that provide a balance of academic rigour and practical experience. NMIMS, known for its industrial contacts and creative curriculum, is frequently ranked as one of India's top business schools. Its thriving campus culture and dedicated instructors make it a magnet for aspiring leaders and entrepreneurs.
Name | Average Fees | Exam Accepted | Cutoffs | Average Package |
Narsee Monjee Institute of Management Studies (NMIMS) | 24 L | NMAT | 240+ | 26.63 LPA |
Yes! There are government institutes like FMS and JBIMS etc. That offer an MBA at a fraction of the cost while offering similar placements. FMS, for example, charges about 2L as fees and the average placements there stand at about 31LPA. While these aren't the easiest schools to get into, they can greatly affect your career trajectory.
The best college in Maharashtra for an MBA is IIM Mumbai (formerly NITIE) ranked #7 by NIRF, it is a Tier-1 institute and a part of the old IIMs. Aside from this, IIT Bombay (SJMSOM) is a highly sought-after college, as it is the best IIT for an MBA - it offers great value and incredible Return on Investment.
The fees for colleges in Mumbai differs greatly. While there are institutes like SPJIMR that charge over 24L for an MBA. There are other colleges like JBIMBS which provide an MBA at just 6L! The latter institute (JBIMBS) - boasts a richer alumni and is dubbed the "CEO Factory" of India.
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