Best MBA Colleges in Mumbai (All): Ranking, Fees, Admission 2025, Courses, Placements

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Best MBA Colleges in Mumbai (All): Ranking, Fees, Admission 2025, Courses, Placements

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Commonly asked questions
On Best MBA Colleges in Mumbai (All): Ranking, Fees, Admission 2025, Courses, Placements

Q:   What is the scope of MBA?

A: 

The scope of MBA course is increasing day by day. MBA is one of the big job oriented professional programme and the most one which has been sought by the students. Once you have completed your degree, you have a great job opportunity in the industrial world. You may the manager or executive in term of designation. The management term is most suited to the managers and that's why it is the way, where you can reach on the top of the height as soon as possible by using your leadership and working proficiency.

An MBA professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MBA professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MBA professional. 

Some job profiles are listed here:

  • Brand Manager
  • Account Manager
  • International Business Manager
  • Marketing Executive
  • Business Technical Consultant.

Good luck.

Q:   Is it worth joining MBA colleges in Mumbai?

A: 

Hi, to assess the worth of joining an MBA college in Mumbai, you should go through its Return on Investment (ROI). The table below shows some of the top MBA colleges in Mumbai along with their total tuition fees and average placement package:

College Names

Total Tuition Fee

Average Median Package

K J Somaiya Institute of Management MBAINR 17 lakhINR 10 LPA
SIES College of Management Studies MBAINR 5 lakh - INR 7 lakhINR 8 LPA

SPJIMR MBA

INR 15 lakh - INR 24 lakh

INR 3 LPA - INR 32 LPA

SBM NMIMS MBA

INR 8 lakh - INR 24 lakh

INR 7 LPA - INR 19 LPA

Hope this information proves beneficial for you!

Q:   What are the affordable MBA colleges in Mumbai?

A: 

Pursuing an MBA course in Mumbai can be affordable for you. Listed below are some of the top MBA colleges in Mumbai with tuition fees of less than INR 1 lakh and between INR 1-2 lakh.

Low-cost MBA CollegesTotal Tuition Fee
Welingkar Mumbai FeesINR 94,000
Indian Institute of Materials Management FeesINR 81,000
National Institute of Management and Research Studies FeesINR 1.5 lakh
Jankidevi Bajaj Institute of Management Studies FeesINR 1.7 lakh
NAEMD FeesINR 1.8 lakh

Also Read: MBA Preparation Tips

Q:   What is the cost of living for MBA students in Mumbai (All)?

A: 

The cost of living for MBA students in Mumbai (All) is somewhat high, especially for students from outstation. It also depends on the area of residence, and students often choose more affordable areas.  The total monthly expenses for students in Mumbai can range from INR 15,000 to INR 25,000. This includes food, transport, and other necessities.

 

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

A: 

Hi, SPJIMR offered the highest placement package ranging between INR 3 LPA - INR 32 LPA, and the prominent recruiters include TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G, etc. 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

K J Somaiya Institute of Management PlacementsINR 10 LPA

Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, etc.

SIES College of Management Studies PlacementsINR 8 LPA

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

SPJIMR Placements

INR 3 LPA - INR 32 LPA

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

SBM NMIMS Placements

INR 7 LPA - INR 19 LPA

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

Hope this information proves beneficial for you!!

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

A: 

There are about 180+ best MBA colleges in Mumbai. Of these133 colleges are privately owned and 11 colleges are owned by the public/government organisations. CAT, XAT, and CMAT are the most accepting entrance exams in top MBA colleges in MumbaiNational Institute of Industrial Engineering, IIT Bombay, SPJIMR, NMIMS Mumbai, K J Somaiya Institute of Management, ITM Business School are some of popular MBA institutes in Mumbai (All).

Q:   What is the eligibility criteria for admission to MBA colleges in Mumbai?

A: 

Hi, The eligibility criteria for the MBA courses may differ from college to college. However, the basic eligibility criteria for top MBA Colleges in Mumbai are as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
  • Most of the institutes follow the minimum score criteria for graduation which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

Q:   Which is the No. 1 MBA college in Mumbai as per NIRF 2024?

A: 

IIM Mumbai emerged to be as the No. 1 MBA Colleges in Mumbai followed by other colleges. Listed below are some of the colleges along with their NIRF ranking over the past three years, i.e. from 2022 to 2024:

College Names

NIRF 2022

NIRF 2023

NIRF 2024

IIM Mumbai (formerly known as NITIE) Ranking

9

7

6

IIT Bombay Ranking

11

10

10

SPJIMR Ranking

21

20

20

NMIMS Ranking

25

21

21

KJ Somaiya Institute of Management Ranking

71

45

63

Hope this information proves beneficial for you!!

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Q:   Which is better, MBA in India or an MBA abroad?

A: 

Master of Business Administration or MBA is a popular Masters degree pursued by students after completing the UG degree in the related stream. Students are confused about pursuing an MBA in India or Abroad. There are major difference between MBA in India and Abroad is programme duration and salary. The duration of MBA in India salary is 2 years and abroad it is 1-2 years as per the specializations. Mentioned below are the major difference between MBA in India and MBA abroad:

Key Points

MBA in India

MBA Abroad

Program duration

2 Years

1-2 Years

Study Type

Full Time

Full Time, Part Time, Online

Specializations

Finance, Marketing, HR, Entrepreneurship, International Business, Supply Chain, Healthcare, etc.

Finance, Marketing, HR, Entrepreneurship, Data Analytics, Digital Marketing, Consulting, Information Systems, etc.

Teaching

Theoretical

Theoretical and Practical both

Average cost

INR 7-25 L

INR 20-75 L

Average salary

INR 8 L - 40 L

INR 25 L - 70 L

Q:   What are the top distance MBA colleges in Mumbai (All)?

A: 
There are about 50+ distance MBA colleges in Mumbai (All). Some of the colleges are mentioned below along with their total tuition fees:
Distance MBA CollegesTotal Tuition Fee
Institute of Distance and Open LearningINR 19,000 - INR 1 lakh
IIBMSINR 41,000 - INR 81,000
K. C. College of Management StudiesINR 8,000
MIT School of Distance Education, Navi MumbaiINR 37,000 - INR 68,000
Mumbai College of Hotel Management and Catering TechnologyINR 1 lakh

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

A: 

Hi, 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

17.3 LPA

Marketing Manager

12.5 LPA

Sales Manager

6.6 LPA

Human Resources Manager

12.1 LPA

Operations Manager

10.7 LPA

Product Manager

20.8 LPA

Data Analytics Manager

29.4 LPA

Digital Marketing Manager

11.8 LPA

NOTE: The above mentioned salaries has been taken from Ambitionbox, therefore it may vary in future.

 

Hope this information proves beneficial for you!!

Q:   Is MBA course helpful in stock market?

A: 

Yes, an MBA course can be very helpful for a career in the stock market and finance in general. While an MBA doesn't focus solely on the stock market, it equips students with a range of skills and knowledge that are highly relevant in this field. Courses like MBA in Finance will help you gain insight about the stock market wherein you can learn about topics like financial analysis, portfolio analysis, corporate finance and strategic planning. 

While an MBA provides a solid foundation, it's important to note that practical experience, continuous learning, and staying updated with market trends are equally vital in the stock market.

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Q:   What are the various courses offered by the best MBA colleges in Mumbai (All)?

A: 

The table below shows the various courses offered by the top MBA colleges in Mumbai (All) along with their total tuition fees:

College NamesCourses OfferedTuition Fee
SBM NMIMS MumbaiMBA in Business AnalyticsMBA in Healthcare ManagementMBA in Human Resources, etc.  INR 8 lakh - INR 24 lakh
SPJIMR MumbaiPGDM in Business ManagementINR 15 lakh - INR 24 lakh
NMIMS MumbaiMBA in Business AnalyticsMBA in Healthcare ManagementMBA in Business Analytics, etc.INR 10 lakh
K J Somaiya Institute of ManagementMBA in Healthcare ManagementMBA in Sports Management, etc.INR 17 lakh
ITM Business SchoolMBA iConnect in MarketingMBA iConnect in FinTechMBA iConnect in Finance, etc.INR 12 lakh

Q:   What are the top MBA colleges accepting MAH CET in Mumbai (All)?

A: 

The table below shows the top MBA colleges in Mumbai (All) that accept MAH CET score along with their total tuition fees:

College NamesTotal Tuition Fees
SBM NMIMS MumbaiINR 8 Lacs - INR 24 LPA
K J Somaiya Institute of ManagementINR 17 lakh
ITM Business School Navi MumbaiINR 12 lakh
MET Institute of ManagementINR 3 lakh
Amity Global Business SchoolINR 7 lakh

Disclaimer: This information is sourced from the official website.

Q:   What are the top online MBA colleges in Mumbai (All)?

A: 

There are about 40+ Online MBA colleges in Mumbai (All). Some of them are mentioned below along with their tuition fees:

Online MBA CollegesTuition Fee
SPJIMR MumbaiINR 10 lakh
Welingkar MumbaiINR 61,000 - INR 1 lakh
Amity University OnlineINR 2 Lacs - INR 3 lakh
Parul University OnlineINR 90,000
Online ManipalINR 3 Lacs - INR 6 lakh
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