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Best MBA Colleges in Mumbai (All)

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Q:   How many MBA colleges are there in Mumbai (All)?

A: 

In Mumbai, there are 190 MBA institutes that provide MBA programmes. There are 137 MBA institutions that are privately held among them, and 11 MBA colleges that are owned by public or government entities. The leading MBA colleges in Mumbai accept candidates from CAT, XAT, and CMAT as their entrance exams. The three most well-known MBA programmes in Mumbai are SPJIMR, IIT Bombay, and National Institute of Industrial Engineering.

Q:   What are the top MBA colleges in Mumbai with low fees?

A: 

There are 3 colleges with annual fees INR <1 lakh. Moving up the fee range, there are 15 colleges with fees ranging from INR 1-2 lakh. In the INR 2-3 Lacs bracket, there are 25 MBA colleges. For those willing to invest between INR 3-5 Lacs annually, there are 30 colleges to choose from. If you have a more substantial budget of over INR 5 lakh, you'll find a wider selection, with 82 colleges offering their programmes at this price point.

Refer to the table below for a detailed overview of the top MBA colleges in Mumbai having less fees of INR <1 lakh:

 
College NameTotal Tuition Fee
Indian Institute of Materials ManagementINR 81,000 
Imarticus LearningINR 90,000
Welingkar MumbaiINR 94,000

Q:   Which are the top five colleges in Mumbai to pursue MBA?

A: 

Every year, colleges are ranked by the National Institutional Ranking Framework (NIRF). The rating is determined by a number of factors, and it varies from year to year based on how well a college or university performs in areas like faculty, placements, and infrastructure.

The table below includes the NIRF rankings for the Mumbai MBA colleges for the years 2021 to 2023.

College Name

NIRF 2021

NIRF 2022

NIRF 2023

IIM Mumbai (formerly known as NITIE)

12

9

7

IIT Bombay

10

11

10

SPJIMR

19

21

20

NMIMS

22

25

21

KJ Somaiya Institute of Management

56

71

45

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Q:   When should I start preparing for MBA entrance exam?

A: 

In the final year of graduation, preparation for an MBA begins. The majority of management aspirants begin their preparation as soon as they begin their third year of their bachelor's degree programme because it takes months to properly prepare for MBA entrance exams. However, there are a lot of challenges in preparing for an MBA entrance exam, including the lengthy syllabus, the difficulty of the questions, and the degree of competition. 

Here are some suggestions to help you study for your MBA entrance exams:

  • Study the fundamental grammatical and writing principles for the verbal segment to become familiar with the language's structure.
  • To hone their quantitative abilities, students should complete a lot of practice exams and sample papers.
    Create a schedule and follow it
  • Students should not overstress themselves and should get enough rest.
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Q:   What is the tuition fees of top MBA colleges in Mumbai (All)?

A: 

SPJIMR and NMIMS have the highest total tuition fees within the range of INR 20 lakh to INR 22 lakh and INR 13 lakh to INR 24 lakh, while Welingkar Mumbai charges the lowest tuition fees within the range of INR 94,000 to INR 13 lakh.

For information on the typical total tuition fee, see the table below:

College Name

Total Tuition Fee

IIT Bombay

INR 8 Lacs - INR 20 lakh

IIM Mumbai (formerly known as NITIE)

INR 9 lakh

SPJIMR

INR 20 Lacs - INR 22 lakh

NMIMS

INR 13 Lacs - INR 24 lakh

Welingkar Institute of Management

INR 94,000 - INR 13 lakh

READ MORE: MBA Admissions 2024

Q:   What is the placement package offered to MBA graduates from top MBA colleges in Mumbai (All)?

A: 

IIM Mumbai offered the highest average annual placement package, ranging from INR 21 LPA to INR 31 LPA, while the Welingkar Institute of Management, Mumbai offered the lowest average placement package of INR 11 LPA.

Below is the list of MBA Colleges in Mumbai along with their average package and list of prominent recruiters:

College Name

Average Package

Top Recruiters

IIM Mumbai (formerly known as NITIE) Placements

INR 21 Lacs - INR 31 LPA

Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, General Electric

IIT Bombay Placements

INR 26.64 LPA

Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, Cognizant

SPJIMR Placements

INR 21 LPA - INR 31 LPA

TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G.

NMIMS Placements

INR 19 LPA

Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC.

Welingkar Institute of Management Placements

INR 11 LPA

Reliance brands, KPMG, Wipro, Morgan Stanley, Motilal Oswal 

Q:   How to prepare for CAT exam?

A: 

A well-balanced approach is essential for success in the CAT exam, aspirants must be aware. Six to eight hours of daily study time must be included in the CAT 2023 preparation schedule. Working professionals must set aside at least four hours each day and eight hours on weekends for preparation. You must concentrate on the most crucial subjects that will help you earn good marks during the last stage of exam preparation. See the generic CAT exam preparation technique listed below, which any applicant can use to create a comprehensive study schedule.

Step 1: Carefully review the CAT 2023 syllabus and comprehend the CAT exam pattern 2023.

Step 2: Obtain  CAT books and other suggested literature.

Step 3: Join online MBA study groups on sites like Facebook, WhatsApp, Quora, YouTube, and Telegram.

Step 4: Create a monthly schedule, a weekly schedule, and a daily schedule.

Step 5: For the best outcomes, follow the timetable and preparation plan for the CAT.

To Read More: How to prepare for CAT entrance exam?

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Q:   Is the CAT syllabus difficult?

A: 

Yes, the difficulty level of CAT syllabus is very high as compared to other MBA entrance exams. However, if you prepare well and follow the CAT exam pattern well, you will be able to score well. Besides having an understanding of the CAT syllabus 2023, candidates also need to be well aware of the CAT exam pattern before they start preparing for the exam. The CAT exam pattern was revised in 2021 and the number of questions were reduced from 76 to 66. The structure of CAT 2022 exam was the same. The syllabus is still tougher than other exams.

The most important things to keep in mind are:

  1. CAT exam mode is online
  2. Each question carries three marks 
  3. There is negative marking of minus one mark for wrong attempts

The section-wise distribution of questions and difficulty levels as per the latest CAT exam pattern are listed below:

  • Quantitative Ability (QA) - 24 questions, difficulty level - moderate to high 
  • Data Interpretation and Logical Reasoning (DILR) - 20 questions, difficulty level - moderate 
  • Verbal Ability and Reading Comprehension (VARC) - 22 questions, difficulty level - moderate. to high

Q:   What job profiles are available to students after completing an MBA degree?

A: 

The top MBA specialisations that typically result in the highest salaries after graduation are finance, marketing, general management, business analytics, and entrepreneurship. Following an MBA, the highest-paying jobs in India range in salary from INR 5 to 30 LPA. Following are some of the well-liked post-MBA career possibilities and their associated salaries:

MBA job profiles

Average salary (INR)

Finance Manager

9.6 LPA

Marketing Manager

10 LPA

Sales Manager

10 LPA

Human Resources Manager

4 LPA

Operations Manager

7 LPA

Product Manager

15 LPA

Data Analytics Manager

14 LPA

Digital Marketing Manager

4.5 LPA

NGO Manager

5 LPA

Also Read: List of MBA Specialisations: Which one to Choose?

Q:   Can I do MBA without giving any entrance exam?

A: 

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2023, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

  • The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
  • For the reserved category, the score should at least be 45% aggregate.
  • Some institutes accept other competitive exam scores such as XAT, MAT, GMATNMATATMASNAP, etc.

READ MORE: Best MBA Colleges without CAT Exam

If you did not appear for the CAT exam and still wish to get admission to the best MBA colleges in India without CAT, then, here is a list of top MBA institutes that give admissions based on different entrance criteria or exams.

MBA Colleges/ Institutes

MBA Exam Score Accepted

SIBM, Pune

SNAP

XLRI, Jamshedpur

XAT

Xavier University, Bhubaneshwar

XAT, X-GMT

Indian School of Business, Hyderabad

GMAT

Amity University

XAT/GMAT/MAT/CAT/NMAT

 

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