Best MBA colleges in Mumbai – Fees, Eligibility criteria, Admission procedure, Courses, and all you need to know

With the increasing competition in the market, it’s really difficult for an individual to get a job that offers both high positions as well as salary. In such a situation, an MBA program (Masters of Business Administration) is definitely going to help you. Companies are preferring MBA candidates more and more as they have more managerial skills apart from the basic knowledge required for the job.

Best MBA colleges in Mumbai – Fees, Eligibility criteria, Admission procedure, Courses, and all you need to know

Due to this reason, education in management has been witnessing tremendous growth over the years. Students are pursuing an MBA degree as the findings show that more MBA degree holders are being hired by the companies. The MBA holders are hired at a higher package, better designation, along with other perks.

List of Best MBA Colleges in Mumbai

SPJIMR Mumbai – SP Jain Institute of Management and Research

Post Graduate Diploma in Management (PGDM)

• Fee : INR 17,50,000
• Exam : CAT, XAT, GMAT
• Placement: Average Salary Rs 22,90,000 per annum

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Master of Business Administration (MBA)

• Fee : INR 20,80,000
• Exam : NMAT by GMAC
• Placement: Average Salary Rs 18,33,000 per annum

NITIE Mumbai – National Institute of Industrial Engineering

Post Graduate Diploma in Industrial Engineering (PGDIE)

• Fee : INR 12,58,000
• Exam : Other Entrance Exam
• Placement: Average Salary Rs 19,95,000 per annum

JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies

Masters in Management Studies- MMS

• Fee : INR 6,00,000
• Exam : CAT, CMAT, MAH CET
• Placement: Average Salary Rs 18,91,000 per annum

IIT BOMBAY – Shailesh J Mehta School of Management Mumbai

Master of Management Programme

• Fee : INR 8,30,000
• Exam : CAT
• Placement: Average Salary Rs 19,06,000 per annum

SIMSR Mumbai – K J Somaiya Institute of Management

Master of Business Administration (MBA)

• Fee : INR 8,17,000
• Exam : CAT, XAT, GMAT, CMAT
• Placement: Average Salary Rs 10,39,000 per annum

Prin L N Welingkar Institute of Management Development and Research

Post Graduate Diploma in Management (PGDM)

• Fee : INR 11,00,000
• Exam : CAT, XAT, GMAT, ATMA, CMAT
• Placement: Average Salary Rs 8,82,000 per annum

IIM Nagpur – Indian Institute of Management

Post Graduate Programme in Management (PGP)

• Fee : INR 11,50,000
• Exam : CAT, GMAT
• Placement: Average Salary Rs 13,05,000 per annum

SIMSREE Mumbai – Sydenham Institute of Management Studies And Research And Entrepreneurship Education

Masters of Management Studies (MMS)

• Fee : INR 1,34,000
• Exam : CAT, CMAT, MAH CET
• Placement: Average Salary Rs 10,90,000 per annum

SP Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney

Global Masters of Business Administration (GMBA)

• Fee : INR 38,77,550
• Exam : CAT, GMAT & Other Entrance Exams
• Placement: Average Salary Rs 20,52,000 per annum

MBA is a two years programme which is among the most popular post-graduate programmes across the world. Also called Post-Graduation Diploma in Management (PGDM), the program provides the candidates with immense job opportunities across the corporate world. PGDM is also available as one-year programmes in some private institutes.

Eligibility Criteria for MBA Colleges in Mumbai

Below mentioned are the essential Full-time MBA eligibility criteria:

• Candidates must have a graduation degree in any discipline or equivalent from a recognized university.
• The minimum score criteria followed by the majority of Institutes in graduation is 50 percent average or equivalent. However, it is 45 percent for reserved category students.
• Students studying in the final year of graduation can also apply for MBA. However, they need to present the proof of completion of graduation degree to the institute within the given timeline.

Notably, the eligibility criteria for the MBA course may differ from college to college.

Admission Procedure for MBA Colleges in Mumbai

Students are required to clear the admission test to get admission in the B-schools. Such admission tests are of the below-mentioned types:

• National Level Test: These are conducted by an apex testing body or a top national B-school on behalf of all the participating colleges. Such tests are CAT, MAT, XAT, or ATMA.
• State Level Test: These are conducted by a state-level testing body or a top state B-school on behalf of all the participating colleges of that state such as MBA CET, MAHCET, etc.
• University entrance Test: A university conducts it for admissions to MBA programmes offered by its affiliated colleges.

Why you need to Enroll yourself in MBA Colleges situated in Mumbai?

Mumbai is the financial capital of India. It is also the media and entertainment capital. The city has the headquarter of the Bombay Stock Exchange, National Stock Exchange of India, and the SEBI. Apart from this, several companies’ headquarter is also here including Unilever, L&T, HDFC, Reliance Industries, among others.

Due to this reason, there are lots of opportunities for MBA candidates in different sectors including banking, financial, sales, and marketing, media and entertainment, etc. Apart from this, Mumbai is also known as an education hub for management, technology, and allied sectors. The city has the leading institutions like IIT to top MBA colleges like NMIMS.

Candidates are allowed to choose among the various specialization courses provided under the MBA programme in Mumbai. These specializations in the management field include:

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

College Fees for MBA Colleges in Mumbai

MBA college in Mumbai	Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
SP Jain Institute of Management & Research (SPJIMR), Mumbai	17.50
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai	19.76
K J Somaiya Institute of Management (SIMSR), Mumbai	13.66
National Institute of Industrial Engineering (NITIE), Mumbai	12.53
L.N. Welingkar Institute of Management Development (WeSchool), Mumbai	11
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai	6.00
SIES College of Management Studies (SIESCOMS), Mumbai	7.20
Sydenham Institute of Mgmt (SIMSREE), Mumbai	1.46
IES Management College and Research Centre (IESMCRC), Mumbai	6.00
Chetana’s Institute of Management and Research (CIMR), Mumbai	6.60
SDA Bocconi Asia Center, Mumbai	18.6
Durgadevi Saraf Institute of Management Studies (DSIMS), Mumbai	7.80
Kohinoor Business School, Mumbai	5.90

MBA Job Opportunities

Some of the job profiles which are offered after completing MBA include the following:

• Finance Manager
• Marketing Manager
• Sales Manager
• Human Resources Manager
• Operations Manager
• Product Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager
• Management Consultant
• Sales Analyst
• Investment banker
• Media Planner
• Risk & Insurance manager

MBA has lots of scope in the market be it any industry, the demand for MBA graduates is rising day by day. Every segment and type of organization is hiring the MBA graduates irrespective of the size, sector, and type of industry.

However, deciding the correct course and college for pursuing MBA can prove to be hectic sometimes. We hope the article will prove to be useful for you. We wish you Best of Luck!