MBA Colleges in Mumbai 2024: Courses, Admissions, Fees, Rankings, Placements, Cutoff
Top MBA colleges in Mumbai include the National Institute of Industrial Engineering, Shailesh J. Mehta School of Management- [SJMSOM], SPJIMR, IIT Bombay, SBM NMIMS, etc. Mumbai often referred to as the "City of Dreams" or the "Finance Capital of India" is home to more than 120 MBA colleges, of which 110 are private and 11 are MBA government colleges in Mumbai. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC.
- Indian Institute of Technology - [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management & Research are ranked 10, 12, and 19 by NIRF Rankings.
- MBA admissions into the best MBA Colleges in Mumbai are mostly done through an entrance exam called CAT. However many colleges also accept other management entrance exam scores like MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even GMAT and GRE.
- The average fees for pursuing MBA/ PGDM courses from the top MBA colleges in Mumbai can range between INR 50,000 to INR 30,00,000 per year depending upon the colleges.
- Some of the top MBA colleges in Mumbai with fees less than INR 60,000 include K. C. College of Management Studies - [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
- The best MBA colleges in India offer lucrative placement opportunities with high packages and good ROI. The average CTC is offered between INR 18 LPA to INR 30 LPA.
- Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are some of the top-notch companies that participate in the placement 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 top 10 MBA colleges in Mumbai.
Top 10 MBA Colleges in Mumbai
Mumbai is home to around 126 MBA colleges. Shailesh J. Mehta School of Management, IIT Bombay is the best MBA college in Mumbai with a seat intake of 172+ seats for MBA/ PGDM courses. The Institute offers MBA and BTech + MBA with seat intakes of 152+ and 20+ respectively. Below are the top 10 MBA colleges in Mumbai with MBA/PDM seat intake.
| College/ University Name | MBA/PGDM Seat Intake |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | 172+ |
| National Institute of Industrial Engineering, Mumbai | 398+ |
| S.P. Jain Institute of Management and Research, Mumbai | 540+ |
| NMIMS School of Business Management, Mumbai | 1260+ |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | 15650+ |
| K J Somaiya Institute of Management, Mumbai | 960+ |
| Universal Business School, Mumbai | 800+ |
| Amity University, Mumbai | - |
| N.L. Dalmia Institute of Management Studies and Research, Mumbai | 360+ |
| Vivekanand Business School (VBS), Mumbai | 180+ |
Top 10 Government MBA Colleges in Mumbai
Tabulated below is the list of the top 10 MBA colleges in Mumbai along with their average annual fees:
| Name of the College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 4,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,000 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
| Institute of Distance & Open Learning | INR 17,625 (Total Fees) |
| National Institute of Securities Market | INR 3,10,000 |
Top MBA Colleges in Mumbai: Ranking
Rankings of the top colleges in India are released by various agencies every year. These agencies release different lists like Top MBA Colleges in India, Top MTech Colleges in India, etc. Based upon different parameters like Perception of the College, Placements, Teacher-Student Ratio, etc., these lists are also released for different cities and states in India.
Some of the top agencies in India releasing such lists are NIRF, India Today, Economic Times, etc. Listed below is the ranking of top MBA colleges in Mumbai with fees.
Top MBA Colleges in Mumbai with NIRF Ranking
NIRF (National Institutional Ranking Framework) is the premier ranking agency in India and is run by the Ministry of Education, Government of India. It releases the ranking lists for different colleges in India divided into 8 categories. NIRF ranks a college based on various parameters like teaching, placement, etc. Below is the Infographic for various parameters:
The National Institute of Industrial Engineering has been ranked as the best MBA college in Mumbai by the NIRF ranking. The institute has secured 9th rank in India by the national ranking agency.
- Shailesh J. Mehta School of Management, IIT Bombay is ranked 11 with a NIRF score and is among the best private MBA colleges in India.
- SPJIMR Mumbai is ranked 21 followed by Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University at 25th place.
- Other colleges in Mumbai ranked by NIRF are Welingkar Institute of Management, K J Somaiya Institute of Management, and Amity University Mumbai.
Tabulated below are the top MBA colleges in Mumbai ranked by NIRF Ranking.
| NIRF Ranking 2022 | College Name | NIRF Score |
|---|---|---|
| 9 | National Institute of Industrial Engineering | 68.84 |
| 11 | Shailesh J. Mehta School of Management, IIT Bombay | 66.24 |
| 21 | SPJIMR - S.P. Jain Institute of Management and Research | 59.51 |
| 25 | Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai | 58.14 |
| 68 | Welingkar Institute of Management | 46.76 |
| 71 | K J Somaiya Institute of Management | 46.31 |
| 102 - 125 | Amity University, Mumbai | - |
Top MBA Colleges in Mumbai with The Times Ranking
The Times is an English daily newspaper and digital media and the third-largest newspaper in India by circulation. It is one of the largest-selling English-language daily newspapers in the world. Together Optimal Media Solutions - The Times and Avance India have surveyed and released a list of Top Engineering colleges in India.
K.J. Somaiya Institute of Management Mumbai is the best MBA college in Mumbai, as per The Times ranking. Tabulated below are the top MBA colleges in Mumbai ranked by The Times.
| The Times Ranking 2022 | College Name |
|---|---|
| 7 | K.J. Somaiya Institute of Management, Mumbai |
| 22 | SIES Management Institutes, Navi Mumbai |
| 23 | N.L Dalmia Institute of Management Studies And Research, Mumbai |
| 26 | Universal Business School, Mumbai |
| 28 | Institute For Technology And Management, Kharghar, Navi Mumbai |
| 28 | MET Institute of Management, Bandra West, Mumbai |
| 35 | Amity Business School, Amity University, Mumbai |
| 36 | Durgadevi Saraf Institute of Management Studies, Mumbai |
| 55 | Aditya Institute of Management Studies And Research, Mumbai |
| 63 | Kohinoor Business School, Mumbai |
| 69 | D Y Patil (Deemed To Be University) School of Management, Navi Mumbai |
| 69 | Oriental Institute of Management, Navi Mumbai |
| 74 | Lala Lajpatrai Institute of Management, Mumbai |
| 82 | Vivekanand Education Society’s Business School, Mumbai |
| 82 | GNVS Institute of Management, GTB Nagar, Mumbai |
| 84 | Sasmira's Institute of Management Studies And Research, Mumbai |
| 119 | Vivekanand Education Society’s Institute of Management Studies And Research, Mumbai |
| 145 | Indira Institute of Business Management, Navi Mumbai |
Top MBA Colleges in Mumbai with India Today Ranking
India Today is the leading English news magazine & newspaper in India. It is one of the most popular newspapers in India and is published by Living Media India Limited every week. A marketing and research firm from Delhi named The Marketing & Development Research Associates (MDRA) and India Today in partnership conducts a college ranking survey. It ranked Indian colleges in fields like Science, Arts, Commerce, Management, Engineering, etc.
The infographic below depicts the weightage of these parameters used for the ranking of top Law colleges in India:
As per India Today's ranking, SPJIMR Mumbai is the best MBA college in Mumbai ranked at 4th place followed by NMIMS Mumbai at 9th place. Below is the list of top MBA colleges in Mumbai ranked by India Today.
- NITIE Mumbai, which wasn’t included in the list last year, is ranked 11th position in India now.
- KJ SIMSR Mumbai has secured 25th position, followed by L N Welingkar Institute of Management Development and Research and SIMSREE Mumbai at 39 and 80th place respectively.
- IES Management College and Research Center still rank at 144th position, but it has shown a tremendous improvement by 24.
- N L Dalmia Institute of Management Studies and Research and Atharva Institute of Management Studies are some other top MBA colleges in Mumbai ranked by India Today.
| 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 |
Also, check:
Top MBA Colleges in Mumbai With Fees
The top MBA colleges in Mumbai offer MBA courses at average fees ranging between INR 50,000 to INR 23 lakhs. Given below is the list of top MBA colleges in Mumbai with fees.
| College/ University Name | Average Annual fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | INR 4,91,000 |
| S.P. Jain Institute of Management and Research, Mumbai | INR 20,42,000 (Total Fees) |
| Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai | INR 3,50,000 |
| National Institute of Industrial Engineering (NITIE), Mumbai | INR 7,03,000 |
| NMIMS School of Business Management, Mumbai | INR 71,000 |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | INR 6,50,000 |
| Jagdish Sheth School of Management - [JAGSOM], Mumbai | INR 22,40,000 (Total Fees) |
| K J Somaiya Institute of Management, Mumbai | INR 9,59,000 |
| Vivekanand Business School - [VBS], Mumbai | INR 4,50,000 |
| SIES School of Business Studies - [SIES SBS], Mumbai | INR 4,50,000 |
Top MBA Colleges in Mumbai with Low Fees
The average fees for pursuing MBA courses from the top MBA colleges in Mumbai can range between INR 55,000 - 23 Lakhs per year. Listed below are the top MBA colleges in Mumbai with low fees:
| College/ University Name | Average Annual fees |
|---|---|
| Indian School of Management & Studies - [ISMS], Mumbai | INR 44,900 (Total Fees) |
| Mumbai University - [MU], Mumbai | INR 50,000 (Total Fees) |
| K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai | INR 39,390 |
| Garware Institute of Career Education and Development - [GICED] | INR 71,000 |
| Indian Institute of Business Management and Studies - [IIBMS], Mumbai | INR 42,800 (Total Fees) |
| K. C. College of Management Studies - [KCCMS], Mumbai | INR 45,000 (Total Fees) |
| Kaizen School of Business Management - [KSBM], Mumbai | INR 39,900 (Total Fees) |
| Savitribai Phule Pune University - [SPPU], Mumbai | INR 18,500 (Total Fees) |
| Zenith Institute of Business Management - [ZIBM], Mumbai | INR 61,000 (Total Fees) |
| National Academy of Management Studies - [NAMS], Mumbai | INR 25,000 (Total Fees) |
Top MBA Colleges in Mumbai: ROI (Return on Investment)
ROI or Return on Investment tells how profitable it is to pursue a particular course from a particular college. Listed below are some of the top private MBA colleges in Mumbai ROI-wise.
| 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 |
*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}
Top MBA Colleges in Mumbai Cutoff
Different colleges admit students on different bases like entrance exams and merit lists. Most of the colleges in Mumbai accept MAT scores and also give admission through CAT and CMAT. Listed below are some of the top MBA colleges in Mumbai with their cutoff scores.
| College/ University Name | Cutoff Details |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | Check Cutoff |
| National Institute of Industrial Engineering, Mumbai | Check Cutoff |
| S.P. Jain Institute of Management and Research, Mumbai | Check Cutoff |
| NMIMS School of Business Management, Mumbai | Check Cutoff |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | Check Cutoff |
| K J Somaiya Institute of Management, Mumbai | Check Cutoff |
| SIES School of Business Studies - [SIES SBS], Mumbai | Check Cutoff |
| Amity University, Mumbai | Check Cutoff |
| N.L. Dalmia Institute of Management Studies and Research, Mumbai | Check Cutoff |
| Vivekanand Business School (VBS), Mumbai | Check Cutoff |
Many of these colleges also offer MMS (Master of Management Studies) courses. If you are interested in that, check out the top 10 MMS Colleges in Mumbai.
Top MBA Colleges in Mumbai: Admission Process 2023
There are more than 127 MBA colleges in Mumbai, of which 110 are Private and 11 are Government MBA colleges in Mumbai. The chart below represents the ratio between the top public and private MBA colleges in Mumbai:
Admissions into most of the best MBA colleges in Mumbai are based on scores obtained by a candidate in MBA entrance exams such as CAT, MAHCET, XAT, MAT, etc. followed by a GD/ PI round. However, there are plenty of MBA colleges in Mumbai that offer merit-based admission, students are selected based on their graduation and 10+2 scores.
See More: CAT 2023 Results and Updates
Narsee Monjee Institute of Management Studies (NMIMS)
Narsee Monjee Institute of Management Studies (NMIMS) is one of the top 10 MBA colleges in India. The institute has campuses in multiple cities including Mumbai, Navi Mumbai, Pune, Chandigarh, Hyderabad, and Bangalore.
- NMIMS Mumbai has scored a 3.59 CGPA on the NAAC accreditation scale.
- The institute has been ranked as the 9th best B school by India Today rankings.
- In April 2018, NMIMS earned the AACSB Accreditation, earned by less than 5% of the world’s business schools.
- NMIMS’s MBA program is divided into 6 semesters.
- The course curriculum includes special classes for French, Spanish, and German languages to help students fetch better opportunities.
- The full NMIMS MBA program is 111 credits with 63 credits reserved for the first year and 45 for the second year. The remaining 3 credits are for the summer internship.
Check NMIMS Mumbai Courses and Fees Detail
The seat intake for NMIMS Mumbai MBA programs is given below:
The institute is done with its placements for the 2020-21 batch and also with the summer placements for the 2021-22 batch.
- 224 companies visited the NMIMS campus for summer placements while 148 companies came for the final placements.
- The highest package went to INR 38,57 LPA for domestic companies.
- The highest stipend for the summer placements has been INR 3 lakh.
The table below gives a comparison between the batch 2019 and 2020 of Narsee Monjee Mumbai.
| Batch | 2019 | 2020 |
|---|---|---|
| Gender Ratio (Male: Female) | 62:38 | 62:38 |
| Average Work Experience | 18 months | 18 months |
| Average Age | 23 years | 24 years |
| Professionally Certified Candidates | 312 | 312 |
In the past year trends for NMIMS Mumbai placements have improved tremendously. However, the institute offers multiple MBA courses. The course-wise placement comparison of NMIMS Mumbai MBA programs is shown in the graph below.
Source: Official Institute Website
NMIMS has established itself as one of the top MBA colleges in Mumbai. Thousands of students come here from different parts of the country. The percentage of students from different parts of India is 46% from West India, 31% from North India, 13% from East India, and 10% from South India.
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai popularly known as SJMSOM Mumbai is one of the best Management colleges in India. The Institute is ranked #11 by NIRF Ranking. It offers several Management courses like MBA, EMBA, Ph.D., etc. IIT Bombay is well known for its Flagship MBA programs. MBA admissions at SJMSOM Mumbai are offered solely based on CAT scores. The CAT 2023 results has been declared on 21st December 2022. The application process for MBA admissions generally starts between August till November.
Get more details of SJMSOM IIT Bombay MBA Placements.
- IIT Bombay is well renowned for its high placement rates and high ROI (Return on Investment). Every year more than 85% of students get placed.
- In the 2021-22 placement drive, more than 300 companies visited the college campus and made 1723 lucrative offers.
- The average CTC offered to the students is around INR 25 LPA and the highest CTC stood at INR 2.1 CPA.
- Several top-notch companies are participating in placements. Uber, Rubrik, Millennium, and Black Stone are some of the top recruiters that take part in IIT Bombay Placements.
| Particulars | Placement Statistics (2021-22) |
|---|---|
| No. of Companies Participated | 315 |
| Total No. of Offers accepted | 1723 |
| Total No. of Offers accepted | 1382 (Phase-1) |
| No. of Students participated | - |
| No. of Students placed | 1382 |
| Percentage of Placements | - |
| No. of PPOs accepted | 202 |
| No. of International Offers | 45 |
| Highest CTC | INR 2.1 CPA |
| Average CTC | INR 25 LPA |
| Top Recruiting Sector | - |
| Top Recruiters | Uber, Rubrik, Millennium, Black Stone |
Top MBA Colleges in Mumbai: Entrance Exam Wise
The top MBA colleges in Mumbai admit students through management entrance exams including CAT, XAT, NMAT, MAT, SNAP, GMAT, CMAT, MAH CET, ATMA, and IBSAT among a few others.
Top MBA Colleges in Mumbai Through CAT
The Common Admission Test CAT is the most popular management entrance exam in India.
- CAT 2023 is scheduled to be held in November 2023, and the registrations for it will start by August 2023.
- To be eligible for the CAT exam, the candidates are required to have a graduate degree from a recognized university with at least 50% marks.
Following is a list of top MBA colleges in Mumbai accepting CAT scores:
- Shailesh J. Mehta School of Management, IIT Bombay
- National Institute of Industrial Engineering-NITIE
- SP Jain Institute of Management and Research-SPJIMR
- Amity Global Business School
- Thakur Global Business School - [TGBS], Mumbai
Out of the list of top MBA colleges in Mumbai, 41 accept the score of CAT so far. Some of these institutes also accept scores of certain different management entrance tests.
Top MBA Colleges in Mumbai Accepting MAT
Some of the best MBA Colleges in Mumbai accepting MAT scores are listed below in the table chart along with their average annual fees Structure:
| Name of the College | Average Annual Fees |
|---|---|
| IES's Management College and Research Centre - [IES MCRC], Mumbai | INR 4,00,000 |
| Atharva Institute of Management Studies - [AIMS], Mumbai | INR 4,10,000 |
| Amity University, Mumbai | INR 5,00,000 |
| Thakur Global Business School - [TGBS], Mumbai | INR 5,25,000 |
| ISME School of Management & Entrepreneurship - [ISME], Mumbai | INR 10,45,000 |
| Kohinoor Business School - [KBS], Mumbai | INR 3,06,250 |
| BSE Institute Limited - [BIL], Mumbai | INR 5,60,000 |
| N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai | INR 5,75,000 |
| SIES School of Business Studies - [SIES SBS], Mumbai | INR 4,50,000 |
| Tata Institute of Social Sciences - [TISS], Mumbai | INR 1,00,000 |
| Thadomal Shahani Centre For Management - [TSCFM], Mumbai | INR 14,000 |
Top MBA Colleges in Mumbai Accepting CMAT
Top MBA colleges in Mumbai also accept CMAT scores other than CAT, and GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:
| Name of the College | Average Annual Fees |
|---|---|
| Thakur Global Business School - [TGBS], Mumbai | INR 5,25,000 |
| Rustomjee Business School - [RBS], Mumbai | INR 1,75,000 |
| Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai | INR 81,000 |
| Tata Institute of Social Sciences - [TISS], Mumbai | INR 1,00,000 |
| Thadomal Shahani Centre For Management - [TSCFM], Mumbai | INR 14,000 |
| K J Somaiya Institute of Management, Mumbai | INR 8,17,290 |
| BSE Institute Limited - [BIL], Mumbai | INR 5,60,000 |
| N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai | INR 5,75,000 |
| SIES School of Business Studies - [SIES SBS], Mumbai | INR 4,50,000 |
| Athena School of Management, Mumbai | INR 6,75,000 |
Top MBA Colleges in Mumbai Through CET
MAH CET or the Maharashtra Common Entrance Test is a common admission test conducted for MBA admissions in top colleges in Maharashtra.
- MAH CET 2023 re-exam is scheduled on April 30 in a single shift (9:00 to 11:30 am).
- MAH MBA CET 2023 Registration for the re-exam is available from April 6 to 16.
- MAH CET 2023 Cut off is expected to be above the 99 percentile for top MBA colleges like JBIMS, SIMSREE, PUMBA, and Prin L.N Welingkar Institute of Management Development and Research. Check MAH CET Cut off for Top Colleges
Following is a list of top MBA colleges in Mumbai through CET:
- Prin. L.N. Welingkar Institute of Management Development and Research-We School
- Lala Lajpat Rai Institute of Management-LLIM
- Xavier Institute of Management and Research-XIMR
Candidates who secure a place in the merit list released are eligible to participate in the counseling procedures of different management colleges. MAH CET result is valid for 1 year and the application fee is INR 1,000 for General category students.
| Top Executive MBA Colleges in Mumbai | Top Correspondence MBA Colleges in Mumbai | Top Part-Time MBA Colleges in Mumbai |
Top MBA Colleges in Mumbai: Placement Wise
With some of the most premium management institutes located in the city, top MBA colleges in Mumbai placements have a lot to share.
- An average MBA college in Mumbai gets 120+ placement offers every year.
- NMIMS Mumbai witnessed 180+ recruiters visiting the campus this year.
- The average CTC offered in these institutes remains around INR 12-15 lakh.
Source: Official Websites
Popular recruiters in these institutes include:
| Kotak Mahindra Group | Boston Consulting Group | Bajaj Auto |
| PricewaterhouseCoopers | Barclays Capital | Bharati Airtel |
| Reserve Bank of India | Bloomberg | L’Oreal Paris |
| National Stock Exchange | Bank of America | IBM |
| UBS | Godrej | Hindustan Unilever |
The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams. Check the top MBA colleges in Mumbai stream-wise by clicking on the links below:
- Top MBA colleges in Mumbai for Finance
- Top MBA colleges in Mumbai for HR
- Top MBA colleges in Mumbai for Marketing
- Top MBA colleges in Mumbai for Operations Management
- Top MBA colleges in Mumbai for IT
- Top MBA colleges in Mumbai for Business Analytics
Top MBA Colleges in Mumbai For Marketing
Marketing is one of the most-sought MBA specializations. Moreover, the sector is booming more than ever.
- The advertising and marketing sector in India is expected to cross the $10 billion mark by the end of 2020.
- The digital marketing sector is expected to grow at a compound annual growth rate (CAGR) of 33.5% by 2020.
- Online marketing is also growing at a twofold-threefold rate.
Some of the top MBA colleges in Mumbai for marketing are:
- Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)
- S.P. Jain Global School of Management
- Narsee Monjee Institute of Management Studies
- ICFAI Business School
The average package in top MBA colleges in Mumbai for Marketing ranges from INR 6-8 lakh.
Top MBA Colleges in Mumbai For HR
Human Resource Management is an essential aspect of every IT industry and company. In the ever-advancing corporate world, HR managers ensure that every work is carried out sophisticatedly.
- 72% of companies worldwide believe that HR is an important element responsible for the proper functioning of the organization.
- 83% of companies in South Asia have prioritized HR tech advancements.
- The global HR sector is expected to reach $30 billion by 2025.
Some of the top MBA colleges in Mumbai for HR are:
- Jamnalal Bajaj Institute of Management Studies
- Narsee Monjee Institute of Management Studies
- Prin. L.N. Welingkar Institute of Management Development and Research
- K. J. Somaiya Institute of Management Studies and Research
The average package in top MBA colleges in Mumbai for HR ranges from INR 5-7 lakh.
Also, Check,
Top MBA Colleges in Mumbai: FAQs
Ques. Which is the best MBA college in Mumbai?
Ans. Given below is a list 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
- Amity Global Business School
Ques. Is MBA losing its value?
Ans. Due to an enormous number of students pursuing an MBA every year, the course’s value has deviated a bit, but still, MBA is one of the most sought courses by recruiters in the corporate world.
Ques. Which college is best for Finance in Mumbai?
Ans. Jamnalal Bajaj Institute of Management Studies has a good reputation for its MBA Finance course.
Ques. Is Amity Mumbai good for MBA?
Ans. Amity Mumbai offers students world-class infrastructure and highly sophisticated education for the MBA course. However, education at Amity Mumbai is a bit expensive.
Ques. Is SP Jain and SPJIMR the same?
Ans. Yes, they are. The full form of SPJIMR is SP Jain Institute of Management and Research.
Ques. How can I get a scholarship for MBA?
Ans. Many organizations and institutes offer scholarships for MBA programs. 2 best ways to get a scholarship are:
- A good score on the entrance test.
- Extensive research work in a particular field.
Ques. Which MBA gives the highest salary?
Ans. MBA Business Analytics and MBA Marketing are some of the most rewarding MBA specializations.
Ques. Is ISB better than IIM?
Ans. ISB and IIM, have established themselves as the premier management institutes in India. What separates them is the fact that ISB Hyderabad asks for a 5-year pre-MBA experience from applicants. Whereas, IIMs don’t keep any such criterion.
Ques. Which IIT is best for MBA?
Ans. SJMSOM-IIT Bombay offers a very good MBA course for students. The institute has been ranked No. 4 in the world by QS World Rankings. The average CTC offered remains above INR 20 lakh.
Ques. Which private college is best for MBA?
Ans. Following is a list of some of the best private MBA colleges in Mumbai:
- Jamnalal Bajaj Institute of Management Studies-JBIMS
- SP Jain Institute of Management and Research-SPJIMR
- Amity Global Business School
- K J Somaiya Institute of Management Studies and Research
- SIES College of Management Studies
Ques. Can I do MBA after B.Com.?
Ans. Yes, you can do MBA after pursuing a B.Com. course.
Ques. Does SP Jain have HR?
Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.
Ques. Is IBS AICTE approved in Mumbai?
Ans. No. ISB Mumbai has not been approved by AICTE.
Ques. What are the fees for the CAT exam?
Ans. The registration fees for CAT 2019 are INR 1900 for General and OBC candidates and INR 950 for SC/ST/PWD candidates.
Found 137 colleges
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM] logo](https://images.collegedunia.com/public/college_data/images/logos/1438144832jojojoj.jpg?tr=h-43,w-43,c-force) Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai Mumbai, Maharashtra | ₹ 4,91,100MBA/PGDM- 1st Year Fees | -- | 8.9 / 10 Based on 9 User Reviews | #13th/179 in India  2020 | |
![SP Jain [SPJIMR] logo](https://images.collegedunia.com/public/college_data/images/logos/1667475461Untitled.png?tr=h-43,w-43,c-force) SP Jain [SPJIMR], Mumbai Mumbai, Maharashtra | ₹ 20,42,000MBA/PGDM- total fees | -- | -- | #7th/15 in India  2023 | |
 JBIMS, Mumbai Mumbai, Maharashtra | ₹ 3,50,000MBA/PGDM- 1st Year Fees | -- | 8.2 / 10 Based on 40 User Reviews | #22th/272 in India 2023 | |
| ₹ 11,95,000MBA/PGDM- 1st Year Fees | -- | 8 / 10 Based on 5 User Reviews | #10th/272 in India 2023 |
![Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University] logo](https://images.collegedunia.com/public/college_data/images/logos/1506323004Logo.jpg?tr=h-43,w-43,c-force)
![Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University] logo](https://images.collegedunia.com/public/college_data/images/logos/1506323004Logo.jpg?tr=h-25,w-25,c-force)
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
 IIM Mumbai - Indian Institute of Management, Mumbai Mumbai, Maharashtra | ₹ 13,43,000MBA/PGDM- total fees | -- | 8.9 / 10 Based on 14 User Reviews | #12th/292 in India 2020 | |
| ₹ 6,50,000MBA/PGDM- 1st Year Fees | -- | 7.9 / 10 Based on 9 User Reviews | #39th/272 in India 2023 | ||
 KJ Somaiya, Mumbai Mumbai, Maharashtra | ₹ 1,28,000MBA/PGDM- 1st Year Fees | -- | 8.1 / 10 Based on 10 User Reviews | #25th/272 in India 2023 | |
![SIES School of Business Studies - [SIES SBS] logo](https://images.collegedunia.com/public/college_data/images/logos/1610432270Screenshot20210112114631.png?tr=h-43,w-43,c-force) SIES School of Business Studies - [SIES SBS], Mumbai Mumbai, Maharashtra | ₹ 7,00,000MBA/PGDM- total fees | -- | -- | #51th/284 in India 2019 |
![Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool] logo](https://images.collegedunia.com/public/college_data/images/logos/1610520048logo3.png?tr=h-43,w-43,c-force)
![Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool] logo](https://images.collegedunia.com/public/college_data/images/logos/1610520048logo3.png?tr=h-25,w-25,c-force)
Top Collections for MBA/PGDM
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR] logo](https://images.collegedunia.com/public/college_data/images/logos/1687938320DalmiaInstituteNewLogo011234.png?tr=h-43,w-43,c-force) N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai Mumbai, Maharashtra | ₹ 7,35,000MBA/PGDM- 1st Year Fees | -- | -- | #78th/272 in India 2023 | |
![IES's Management College and Research Centre - [IES MCRC] logo](https://images.collegedunia.com/public/college_data/images/logos/15754459971456129244344610logo.png?tr=h-43,w-43,c-force) IES's Management College and Research Centre - [IES MCRC], Mumbai Mumbai, Maharashtra | ₹ 4,60,000MBA/PGDM- 1st Year Fees | -- | -- | #178th/268 in India 2021 | |
![Atharva Institute of Management Studies - [AIMS] logo](https://images.collegedunia.com/public/college_data/images/logos/1589371942aimslogoweb.jpg?tr=h-43,w-43,c-force) Atharva Institute of Management Studies - [AIMS], Mumbai Mumbai, Maharashtra | ₹ 1,48,000MBA/PGDM- 1st Year Fees | -- | -- | #243th/272 in India 2023 | |
 Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai Mumbai, Maharashtra | --MBA/PGDM | -- | -- | #176th/272 in India 2023 |
![IES's Management College and Research Centre - [IES MCRC] logo](https://images.collegedunia.com/public/college_data/images/logos/15754459971456129244344610logo.png?tr=h-25,w-25,c-force)
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
 TISS Tata Institute of Social Sciences, Mumbai Mumbai, Maharashtra | ₹ 1,00,000MBA/PGDM- total fees | -- | -- | #19th/50 in India  2019 | |
![Chetana's Institute of Management and Research - [CIMR] logo](https://images.collegedunia.com/public/college_data/images/logos/1583739091CIMRLogo.png?tr=h-43,w-43,c-force) Chetana's Institute of Management and Research - [CIMR], Mumbai Mumbai, Maharashtra | ₹ 3,85,000MBA/PGDM- 1st Year Fees | ₹ 5,50,000Average Package₹ 10,00,000Highest Package | #82th/214 in India 2023 | ||
 SDA Bocconi Asia Center, Mumbai Mumbai, Maharashtra | ₹ 18,60,000MBA/PGDM- total feesCompare Fees | ₹ 14,07,000Average Package₹ 36,19,000Highest PackageCompare Placement | -- | ||
 Amity University, Mumbai Mumbai, Maharashtra | ₹ 4,72,000MBA/PGDM- 1st Year Fees | -- | 6.2 / 10 Based on 3 User Reviews | #102th/125 in India  2022 |
![Chetana's Institute of Management and Research - [CIMR] logo](https://images.collegedunia.com/public/college_data/images/logos/1583739091CIMRLogo.png?tr=h-25,w-25,c-force)
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![ICFAI Business School - [IBS] logo](https://images.collegedunia.com/public/college_data/images/logos/1569392001IBSLogowithR1.jpg?tr=h-43,w-43,c-force) ICFAI Business School - [IBS], Mumbai Mumbai, Maharashtra | ₹ 9,09,000MBA/PGDM- total feesCompare Fees | ₹ 8,17,000Average Package₹ 18,80,000Highest PackageCompare Placement | 3.8 / 10 Based on 2 User ReviewsBest in Faculty | #71th/179 in India 2020 | |
![Jagdish Sheth School of Management - [JAGSOM] logo](https://images.collegedunia.com/public/college_data/images/logos/1637043794logo.jpg?tr=h-43,w-43,c-force) Jagdish Sheth School of Management - [JAGSOM], Mumbai Mumbai, Maharashtra | ₹ 22,40,000MBA/PGDM- total fees | ₹ 10,21,000Average Package₹ 16,00,000Highest Package | -- | -- | |
![National Academy of Event Management & Development- [NAEMD] logo](https://images.collegedunia.com/public/college_data/images/logos/1476960511logo 12.jpg?tr=h-43,w-43,c-force) National Academy of Event Management & Development- [NAEMD], Mumbai Mumbai, Maharashtra | ₹ 2,03,000MBA/PGDM- 1st Year Fees | -- | #36th/100 in India 2024 | ||
 Athena School of Management, Mumbai Mumbai, Maharashtra | ₹ 6,75,000MBA/PGDM- 1st Year Fees | -- | -- | -- |
![ICFAI Business School - [IBS] logo](https://images.collegedunia.com/public/college_data/images/logos/1569392001IBSLogowithR1.jpg?tr=h-25,w-25,c-force)
![Jagdish Sheth School of Management - [JAGSOM] logo](https://images.collegedunia.com/public/college_data/images/logos/1637043794logo.jpg?tr=h-25,w-25,c-force)
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![International Institute of Sports Management - [IISM] logo](https://images.collegedunia.com/public/college_data/images/logos/16250488971519935564892.png?tr=h-43,w-43,c-force) International Institute of Sports Management - [IISM], Mumbai Mumbai, Maharashtra | ₹ 3,90,000MBA/PGDM- total fees | -- | -- | -- | |
![ISME School of Management & Entrepreneurship - [ISME] logo](https://images.collegedunia.com/public/college_data/images/logos/1575969451Forwebsite021.jpg?tr=h-43,w-43,c-force) ISME School of Management & Entrepreneurship - [ISME], Mumbai Mumbai, Maharashtra | ₹ 5,45,000MBA/PGDM- 1st Year Fees | ₹ 11,00,000Average Package₹ 1,20,00,000Highest Package | -- | ||
 NIEM The Institute of Event Management, Mumbai Mumbai, Maharashtra | ₹ 1,40,000MBA/PGDM- total fees | -- | -- | ||
![Kohinoor Business School - [KBS] logo](https://images.collegedunia.com/public/college_data/images/logos/1665469118index.jpg?tr=h-43,w-43,c-force) Kohinoor Business School - [KBS], Mumbai Mumbai, Maharashtra | ₹ 6,10,000MBA/PGDM- total fees | ₹ 6,50,000Average Package₹ 12,50,000Highest Package | #61th/100 in India 2024 |
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![Thakur Institute of Management Studies and Research - [TIMSR] logo](https://images.collegedunia.com/public/college_data/images/logos/1611993518timsr.jpg?tr=h-43,w-43,c-force) Thakur Institute of Management Studies and Research - [TIMSR], Mumbai Mumbai, Maharashtra | ₹ 69,219MBA/PGDM- 1st Year Fees | ₹ 5,70,000Average Package₹ 11,25,000Highest Package | #214th/292 in India 2020 | ||
![St. Francis Institute of Management and Research - [SFIMAR] logo](https://images.collegedunia.com/public/college_data/images/logos/1466747959Capture.png?tr=h-43,w-43,c-force) St. Francis Institute of Management and Research - [SFIMAR], Mumbai Mumbai, Maharashtra | ₹ 3,27,720MBA/PGDM- 1st Year Fees | -- | #13th/16 in India 2019 | ||
![BSE Institute Limited - [BIL] logo](https://images.collegedunia.com/public/college_data/images/logos/1530513020Logo.jpg?tr=h-43,w-43,c-force) BSE Institute Limited - [BIL], Mumbai Mumbai, Maharashtra | ₹ 3,54,000MBA/PGDM- total fees | ₹ 8,50,000Highest Package | 7.5 / 10 Based on 32 User ReviewsBest in Academics | -- | |
 Aegis School of Business and Telecommunication, Mumbai Mumbai, Maharashtra | ₹ 7,50,000MBA/PGDM- total fees | -- | -- |
![BSE Institute Limited - [BIL] logo](https://images.collegedunia.com/public/college_data/images/logos/1530513020Logo.jpg?tr=h-25,w-25,c-force)
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![Garware Institute of Career Education and Development - [GICED] logo](https://images.collegedunia.com/public/college_data/images/logos/1501659561garwarelogo.png?tr=h-43,w-43,c-force) Garware Institute of Career Education and Development - [GICED], Mumbai Mumbai, Maharashtra | ₹ 71,000MBA/PGDM- 1st Year Fees | -- | 7.3 / 10 Based on 1 User ReviewsBest in Placements | -- | |
 ICRI, Mumbai Mumbai, Maharashtra | ₹ 2,66,000MBA/PGDM- 1st Year Fees | -- | -- | -- |
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