173 MBA Colleges in Mumbai (All)

Mumbai, the financial and business capital of India, is also among the top MBA destinations in the country. Indeed, Mumbai is one of India’s leading MBA destination. MBA colleges in Mumbai offer quality MBA education with high placements. It is also a hub of education in management, technology and allied sectors. Master of Business Administration or MBA is one of the most popular post-graduate programmes in Mumbai. The two-year programme is a gateway to a plethora of job opportunities in the corporate world.

Based on reputed rankings, top 5 MBA colleges in Mumbai are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. If we expand this list, then SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are also highly ranked MBA colleges in Mumbai. All these management institutes make Mumbai a preferred MBA destination. An MBA professional must possess qualities like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc.

In Mumbai, MBA degree is offered across various specialisations. Some of the most prominent ones are as follows:

• Finance
• Sales and Marketing
• Human Resources
• IT and Systems
• Operations
• International Business
• Supply Chain
• Business Analytics
• Entrepreneurship
• Healthcare and Hospital

The eligibility criteria for MBA course may differ from college to college. However, the basic eligibility criteria for MBA is as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).
• Most of the institutes follow the minimum score criteria in graduation which is 50 percent in average or equivalent. For reserved category students, the minimum score in 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.

There are approximately 151 MBA colleges in Mumbai which offer MBA courses, out of these 111 are private, 10 are public and rest are public-private colleges. Here is the list of some of the top private and public MBA colleges in Mumbai:

Top MBA colleges in Mumbai accept score obtained by students in numerous national or state-level examinations including CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, etc.

According to NIRF Ranking, these are the top 5 MBA colleges in Mumbai:

Following is the list of top 5 MBA colleges in Mumbai ranked by Outlook:

Study Scope after MBA

Popular courses to consider after completing your MBA:

• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM) Exam
• Certified Information Systems Auditor (CISA)
• Certification in Risk Management Assurance (CRMA)
• Certified in Production and Inventory Management (CPIM)
• Project Management Professional (PMP)
• Second MBA from an international business school

Scope of MBA

With the growing demand in MBA, students can bag excellent opportunities in public as well as private sectors. Listing below the highest and average salary comparison for MBA Colleges in Mumbai for 2019-2020:

Refer to the infographic below to get a detailed overview:

Some job profiles offered after completing MBA:

• Finance Manager
• Marketing Manager
• Sales Manager
• Human Resources Manager
• Operations Manager
• Product Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager
• NGO Manager

Top Recruiters for MBA graduates

MBA graduates from any domain are in high demand. Below is the list of few top companies in Mumbai that recruit MBA graduates alongwith their placement ratings:

How affordable is studying MBA in Mumbai?

Based on the below pie chart, it can be estimated that pursuing MBA in Mumbai is a very expensive as approximately 48% of the colleges have course/annual fees more than Rs 5 lakh. Some of these colleges are:

• Shailesh J. Mehta School of Management, IIT Bombay
• Indian Institute of Management, Indore - Mumbai Campus
• ITM Business School
• School of Management, D.Y. Patil University
• Kohinoor Business School
• ASM's Institute of Management & Computer Studies
• Vivekanand Education Society Institute of Management Studies and Research
• CII School of Logistics, Amity University- Mumbai

The fees of around 24% colleges ranges between Rs 3-5 lakh. Some of these colleges are:

• Jankidevi Bajaj Institute of Management Studies
• Sasmira's Institute of Management Studies and Research
• GNVS Institute of Management
• Sir M. Visvesvaraya Institute of Management Studies and Research
• Garware Institute of Career Education and Development, University of Mumbai
• Regenesys Institute of Management
• Chetana's Ramprasad Khandelwal Institute of Management and Research

Approximately 11% MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:

• Sinhgad Institute of Business Management
• ASM's Institute of Management & Computer Studies
• MGM Institute of Health Sciences
• Harkisan Mehta Institute of Media, Research and Analysis
• Rustomjee Business School
• K. Institute of Management Studies and Research
• Sheila Raheja School of Business Management & Research

The fees of around 11% colleges is between Rs 1-2 lakh. Some of these colleges are:

• Sydenham Institute of Management Studies Research and Entrepreneurship Education
• Tata Institute of Social Sciences
• Jankidevi Bajaj Institute of Management Studies
• National Institute of Event Management
• Mahavir Education Trust's Shah and Anchor Kutchhi Engineering College
• C. Patil College of Engineering

Only around 6% MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:

• Tata Institute of Social Sciences
• L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center
• National Institute of Event Management
• NIBMS
• FINPLAN - International Institute of Management
• Institute of Business Management Studies

Refer to the infographic below to get a detailed overview of the break-up of MBA Course in Mumbai basis Fees:

MBA Specialisations offered in Mumbai

MBA colleges in Mumbai offer diversified specialisations in Finance, Sales and Marketing, Human Resources, IT and Systems, Operations, International Business, Supply Chain, Business Analytics, Entrepreneurship, Healthcare and Hospital, etc. The most popular ones are Finance and Sales and Marketing followed by Human Resources. Refer to the infographic below to get a detailed overview of the top 10 MBA specialisations in Mumbai:

Which are the most popular MBA Exams in Mumbai?

The most popular entrance examinations for studying MBA course in Mumbai areCAT and MAT. While scoring good marks in CAT will help you land in colleges like Shailesh J. Mehta School of Management (SJMSOM) IIT Bombay and Sydenham Institute of Management Studies Research and Entrepreneurship Education (SIMSREE), MAT is your ticket to colleges like ASM's Institute of Management & Computer Studies (IMCOST) and GNVS Institute of Management.

Rest of the colleges accept XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, etc. for admission into their colleges.

Refer to the infographic below to get a detailed overview: