Mumbai, also known as the City Of Dreams, is home to some of the country’s most respectable institutions. No other city in India can compete with the vast number of opportunities this city offers to aspiring business professionals.
In today’s world, an MBA is not just a degree; it’s a game-changer. It’s one of the top courses after graduation and an almost guaranteed way to get you the job of your dreams. Companies are looking for dynamic, strategic thinkers, and an MBA equips you with the skills and knowledge to conquer the corporate jungle.
In this blog, I’ll be talking about the best MBA colleges in Mumbai, along with their fees, eligibility criteria, and ratings. Whether you’re a local Mumbaikar or someone contemplating a move to this vibrant city, we’ve got you covered.
With that, let’s get started with this list.
The Best MBA Colleges in Mumbai
1. National Institute of Industrial Engineering Mumbai
The National Institute of Industrial Engineering (NITIE), is a public university founded in 1963 by the Indian government. They offer an MBA program and rank ninth in the prestigious NIRF rating. It is among the top MBA Colleges in Mumbai. NITIE’s MBA program is renowned for its detailed curriculum, world-class faculty, and a blend of theoretical knowledge and practical insights. The program is designed to equip students with the skills and expertise required to navigate the complex world of business and industry. This college is one of the best colleges for an MBA in Mumbai.
| Website | https://www.nitie.ac.in/ |
|---|---|
| NIRF ranking: | 7th |
| Chairman: | Shri Shashi Kiran Shetty |
| Fee structure: | 9L – 13L |
| Criteria: | 60% in Graduation + CAT GATE |
2. Indian Institute of Digital Education
IIDE- Indian Institute of Digital Education, recognised as the #1 Digital Marketing Institute by the World Economic Congress, has trained more than 2,35,000 students in digital marketing. IIDE is unique in its education culture compared to other MBA colleges in Mumbai.
They offer offline, online and hybrid professional courses that suit the requirements of students and working professionals. The main campus is located in Andheri, Mumbai. The institute offers a 4-month certificate course and an 11-month post-graduate program in digital marketing. Their syllabus is constantly updated and it is one of the few institutes covering AI and different AI tools in its syllabus.
This institute also appears in Best MBA Colleges in Kolkata
| Website | https://iide.co/ |
|---|---|
| Chairman: | Karan Shah |
| Fee structure: | 5.2L |
| Criteria: | 50%+ in 12th and Graduation |
3. Indian Institute of Technology Bombay
IIT Bombay is a government research university and technical institute in Powai Mumbai, Maharashtra, India. IIT Bombay has history of being one of the top MBA colleges in Mumbai. IIT Bombay is one of India’s most prestigious academic institutions and consistently ranks every year as a top institute for Indian students in competitive subjects like computer science and management.
| Website | https://www.iitb.ac.in/ |
|---|---|
| NIRF ranking: | 10th |
| Chairman: | Dr.Sharad Kumar Sharaf |
| Fee structure: | 8-20 L |
| Criteria: | 60% in Graduation + CAT GATE |
4. S. P. Jain Institute of Management & Research
Established in 1981 under the auspices of Bharatiya Vidya Bhavan, the SP Jain Institute of Research and Management offers a range of full-time and part-time management programs. SPJIMR offers MBA programs tailored to meet the diverse needs of aspiring managers and industry professionals. These programs are designed to equip students with the skills and knowledge required to excel in the dynamic world of business and business management.
| Website | https://www.spjimr.org/ |
|---|---|
| NIRF ranking: | 20th |
| Chairman: | Shri Deepak Parekh |
| Fee structure: | 10-22L |
| Criteria: | 50% in Graduation + CAT GATE |
5. SVKM’s Narsee Monjee Institute of Management Studies
NMIMS in Mumbai is a private institution being operated by SVKM. Apart from its existing campuses in Shirpur, Bangalore, Hyderabad, Indore and Navi Mumbai, the university is also expanding with campuses under construction in Dhule and Chandigarh. The Mumbai campus, the oldest of them all, currently houses 17 schools and 9 institutes. This college is one of the best colleges for MBA in Mumbai. This is one of the most respected institutes in Mumbai and is deemed to be a university.
| Website | https://www.nmims.edu/ |
|---|---|
| NIRF ranking: | 25th |
| Chairman: | Shri. Amrish Patel |
| Fee structure: | 6-24.5L |
| Criteria: | >55% in Graduation + CAT GATE |
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6. Principal L N Welingkar Institute of Management Development and Research
The Welingkar Institute of Management in Mumbai offers a PGDM program with a General specialization and seven other specialization options. The institute’s signature course is a two-year, full-time program. It offers various courses catering to the frequently evolving socio-economic landscape. This includes specialized programs in Business Design, E-biz, Research and Business Analytics, Rural Management, Retail, Healthcare, and Media and Entertainment.
| Website | https://www.welingkar.org/ |
|---|---|
| NIRF ranking: | 73rd |
| Chairman: | Professor Dr. Uday Salunkhe |
| Fee structure: | 1-13L |
| Criteria: | 50% in Graduation + CAT XAT ATMA CMAT |
7. K.J.Somaiya Institute of Management
The KJ Somaiya Institute of Management is one of the best MBA and commerce colleges in Mumbai. It is an independent private business school affiliated with Mumbai’s Somaiya Vidyavihar University was established in 1981. It is located in Mumbai and has an elite status with accreditations from organizations like AICTE, NBA, AACSB and AIU.
The institute believes in a holistic approach to management education, ensuring that students are well-versed in theoretical knowledge and possess the practical skills required in the corporate world.
| Website | https://simsr.somaiya.edu/en |
|---|---|
| NIRF ranking: | 45th |
| Chairman: | Samir Somaiya |
| Fee structure: | 4.5- 17L |
| Criteria: | 50% Graduation + CAT XAT CMAT NMAT |
8. Universal Business School
Universal Business School is a leading educational institution offering business and management studies programs, humanities and social sciences, IT and software, among other fields. Universal Business School offers Executive MBA and PGDM courses.
It was founded in 2009 in Maharashtra to offer education and skills through a curriculum centered on two branches: Family Business and International Business. This institute stands as one of the best colleges in Mumbai for MBA after graduation.
| Website | https://universalbusinessschool.com/ |
|---|---|
| Chairman: | Tarundeep Singh Anand |
| Fee structure: | 2L – 27.5L |
| Criteria: | CAT, CMAT, GMAT, SAT India |
9. NL Dalmia Institute of Management
The N. L. Dalmia Institute of Management Studies and Research was founded in 1995 and is affiliated with the University of Mumbai. The institute is AICTE and AIU-approved. The institute has earned NAAC and NBA Accreditation (PGDM) with an ‘A’ grade.
In addition to receiving Premier Status from ASIC, the UK NL Dalmia College’s PGDM programs are rated by CRISIL with an A-Triple Star at the state level and an A-Double Star at the federal level. The UKAS United Kingdom Accredited Services and SGS have granted ISO certification to the NL Dalmia Institute of Management Studies and Research.
| Website | https://www.nldalmia.in/ |
|---|---|
| Chairman: | Shri Shivkumar Dalmia |
| Fee structure: | 15L |
| Criteria: | 55% in Graduation + CAT MAT XAT CMAT ATMA |
10. BSE Institute
BSE Ltd., the world’s fastest stock exchange, has a training division in Mumbai known as BSE Institute Limited (BIL). The institution was established to provide comprehensive training and education in banking, financial services, and insurance (BFSI). BSE Ltd is one of the best colleges in Mumbai for MBA wand it’s course is known for having a comprehensive, up-to date syllabus.
BIL also offers programs in financial markets, data science, financial journalism, and leadership development, with undergraduate, graduate and certificate courses. BSE Institute Limited stands as the largest global provider of financial education, boasting an extensive catalog of over 150 courses available in various formats.
| Website | https://www.bsebti.com/ |
|---|---|
| Chairman: | Shri Sundararaman Ramamurthy |
| Fee structure: | 2.2 – 7 L |
| Criteria: | CAT MAT |
Conclusion
With that, we come to the end of this blog. This blog covered the best MBA colleges in Mumbai.
As we wrap our journey through Mumbai’s finest MBA institutes, it’s clear that an MBA isn’t just a degree; it’s a ticket to the big leagues. Doing an MBA ensures that you have the skills and knowledge you need to stand out from competitors and land your dream job.
However, it’s important to consider your specific needs before enrolling in a course. Every institute is different and has its pros and cons. It’s important to see how an institute fits into your budget, schedule, and future aspirations. Take the time to make an informed choice and choose a course that works best for you.
That’s it for this blog. I hope you found the information in this blog useful. Let me know in the comments if you have any questions.
FAQs – Frequently Asked Questions
Q. Is Mumbai a good place to do an MBA?
Ans: Absolutely! Thanks to its top-ranking colleges, Mumbai is the dream destination for many MBA aspirants in India. Some of the best institutions in Mumbai, including the National Institute of Industrial Engineering, Indian Institute of Technology Bombay, and SP Jain Institute of Management and Research consistently rank high in the NIRF Ranking.
Q. Can I do an MBA with a Bachelor’s degree in Non-management stream?
Ans: Yes, you can. However, you must take the entrance examinations like CAT or GATE to get into the top colleges to pursue an MBA.
Q. What are all the entrance exams that one should consider before applying MBA Colleges in Mumbai?
Ans: CAT, CMAT, XAT, IIFT, and SNAP are some of the entrance exams considered as mandatory before applying to Mumbai’s top colleges to do an MBA. However, it is not required to take all these exams.
Q. How can I study MBA in Mumbai?
Ans: You can do an MBA in Mumbai by enrolling for an entrance exam. The most popular entrance exams are CAT and MAT. Other entrance exams are XAT, CMAT, ATMA, MAH CET, NMAT, MHT, and CET.
Q. What is the highest package for MBA in Mumbai?
Ans: MBA graduates are in high demand and have great starting salaries. The highest package for an MBA graduate last year was INR 67.80 lakhs per annum.
Q. How much does MBA cost in Mumbai?
Ans: The average cost of an MBA in Mumbai can be between INR 1 lakh – 25 lakhs. The price depends on the reputation of the institute and how in-depth the syllabus is.
Q. Can I do MBA without entrance exam?
Ans: Yes, you can do an MBA without an entrance exam. As per AICTE guidelines, PGDM B-schools can accept any of the 6 national tests: CAT, XAT, CMAT, MAT, ATMA, or GMAT. However, colleges that are not in the top 100 B-schools can offer direct MBA admission without the entrance exam.
