An MBA (Masters in Business Administration) is a two years course offered at many top Universities in Mumbai.
An MBA program teaches managerial techniques, business understanding, and professional networking. An MBA is a stepping stone for senior leadership by emphasises fundamental financial and managerial topics.
The best MBA schools in Mumbai provide distance, on-campus, and online learning options for the MBA. More than 260 of India's best MBA colleges are located in Mumbai, also known as the "City of Dreams" or the "Financial Capital of India."
There are 17 UGC- and approximately 57 AICTE-approved MBA programs in Mumbai. Urban planning, finance, and marketing are just a few of the specialisations available in the best MBA programs in Mumbai.
According to the colleges, the average annual tuition for MBA programs at the top MBA colleges in Mumbai can range from INR 50,000 to 30 Lakhs.
- C. College of Management Studies - [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai are a few of the top MBA colleges in Mumbai with costs under INR 60,000.
The top MBA schools in India provide rewarding placement possibilities with high salaries and excellent returns on investment. The provided CTC ranges from 18 to 30 LPA in India.
List of Top MBA Colleges in Mumbai: NIRF Ranking
The top MBA colleges in Mumbai according to the NIRF Ranking 2022 are listed below in a table:
|
NIRF Ranking 2022 |
College Name |
NIRF Score |
|
9 |
National Institute of Industrial Engineering |
68.84 |
|
11 |
Shailesh J. Mehta School of Management, IIT Bombay |
66.24 |
|
21 |
SPJIMR - S.P. Jain Institute of Management and Research |
59.51 |
|
25 |
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai |
58.14 |
|
68 |
Welingkar Institute of Management |
46.76 |
|
71 |
K J Somaiya Institute of Management |
46.31 |
|
102 - 125 |
Amity University, Mumbai |
- |
The top MBA colleges in Mumbai according to the India Today Ranking 2022 are listed below in a table:
|
India Today Ranking 2022 |
College Name |
|
4 |
SP Jain Institute of Management and Research (SPJIMR) |
|
9 |
Narsee Monjee Institute of Management Studies (NMIMS) |
|
11 |
National Institute of Industrial Engineering (NITIE) |
|
25 |
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) |
|
33 |
L N Welingkar Institute of Management Development and Research |
|
39 |
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) |
|
80 |
N L Dalmia Institute of Management Studies and Research |
|
86 |
Universal Business School |
|
144 |
IES Management College and Research Center |
|
171 |
Atharva Institute of Management Studies |
Top MBA Colleges in Mumbai: Program and Course Duration
Here is a list of Top MBA colleges in Mumbai with program and course details:
|
College Name |
Program |
Course Duration |
|
National Institute of Industrial Engineering |
Master os Business Administration (MBA) |
2 years |
|
Shailesh J. Mehta School of Management, IIT Bombay |
Master os Business Administration (MBA) |
2 years |
|
SPJIMR - S.P. Jain Institute of Management and Research |
Master os Business Administration (MBA) |
2 years |
|
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai |
Master os Business Administration (MBA) |
2 years |
|
Welingkar Institute of Management |
Master os Business Administration (MBA) |
2 years |
|
K J Somaiya Institute of Management |
Master os Business Administration (MBA) |
2 years |
|
Amity University, Mumbai |
Master os Business Administration (MBA) |
2 years |
|
SP Jain Institute of Management and Research (SPJIMR) |
Master os Business Administration (MBA) |
2 years |
|
Narsee Monjee Institute of Management Studies (NMIMS) |
Master os Business Administration (MBA) |
2 years |
|
National Institute of Industrial Engineering (NITIE) |
Master os Business Administration (MBA) |
2 years |
|
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) |
Master os Business Administration (MBA) |
2 years |
|
L N Welingkar Institute of Management Development and Research |
Master os Business Administration (MBA) |
2 years |
|
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) |
Master os Business Administration (MBA) |
2 years |
Top MBA Colleges in Mumbai: Tuition Fees
Here is a list of Top MBA colleges in Mumbai with tuition fees details:
|
College Name |
Tuition Fees |
|
National Institute of Industrial Engineering |
7,03,000 |
|
Shailesh J. Mehta School of Management, IIT Bombay |
6,91,000 |
|
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai |
50,400 |
|
K J Somaiya Institute of Management |
14,94,000 |
|
Chetana’s Institute of Management and Research |
6,60,000 |
|
SP Jain Institute of Management and Research (SPJIMR) |
17,50,000 |
|
Narsee Monjee Institute of Management Studies (NMIMS) |
19,76,000 |
|
National Institute of Industrial Engineering (NITIE) |
12,53,000 |
|
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) |
14,94,000 |
|
Thakur Institute of Management Studies and Research - [TIMSR] Mumbai |
63,791 |
|
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) |
1,46,000 |
Top MBA Colleges in Mumbai: Admission Process
Popular MBA entrance exams are used to admit students to Mumbai's leading MBA schools. The city's colleges also admit students based on results from entrance tests taken at the state level.
- The most recent AICTE data show 52,127 PG seats in management colleges across Maharashtra.
- Boys enrol in 24,195 management courses in the state, compared to girls' enrollment of 1,706 students.
- Top MBA colleges in Mumbai need applicants to go through rounds of Group Discussion (GD) and Personal Interviews in addition to the entrance examinations (PI).
- Many institutions also take the participants' prior academic records into account.
- The weights assigned to the entrance exam, group discussion/personal interview, and past academic records are typically 65%–75%, 20%–30%, and 5%, respectively.
Another sort of MBA admissions procedure is MBA Admission without Entrance Exam. Through the management quota, it is achievable. After graduating from high school, students can enrol in the Integrated Program in Management for direct admission to IIM (IPM).
There are several colleges where students can apply directly for a Master of Business Administration degree without taking an entrance exam. The college advises students to take the MAT exam after being admitted to MBA programs.
Top MBA Colleges in Mumbai: Admission Requirements
Eligibility Criteria
The qualifying requirements outlined in the MBA entrance tests determine an applicant's MBA qualification. The prerequisites for each MBA Entrance exam differ just a little bit. After passing the exams, students must meet a distinct set of requirements from the Mumbai MBA colleges they are applying to. The essential requirements for MBA eligibility are shown below.
- To enrol in MBA courses, students must have graduated in any stream from an accredited university.
- For them to enrol in MBA courses, their graduation grade must be at least 50%. IIMs and IITs, two prestigious institutions, require 60% for graduation.
- Some universities reduce the percentage required for MBA courses by 5% for students in the restricted categories, such as OBC, SC, and ST.
- The required minimum score for students in the reserved category is 45%.
- Students who are in their final year of high school may apply. They have to present documentation proving they graduated by the deadline set by the college.
- Professionals who have earned their CA, CS, or ICWAI certifications may pursue an MBA.
Entrance Examinations
The top MBA schools in Mumbai accept applicants through various management entrance tests, including the CAT, XAT, NMAT, MAT, SNAP, GMAT, CMAT, MAHCET, ATMA, and IBSAT.
The CAT score is the most significant entrance exam for MBA admission in India. Other MBA entrance tests are typically exclusive to a particular state or institute. The application dates for the MBA entrance exam for the academic year 2022 are listed in the table below.
|
Entrance Exam Name |
Registration Date |
Exam Date |
|
MAH CET |
March 17, 2022 – May 11, 2022, |
August 23, 24, and 25, 2022 |
|
ATMA |
June 1, 2022 – July 17, 2022, |
July 24, 2022, |
|
CAT |
August 3, 2022 – September 14, 2022, |
November 27, 2022, |
|
CMAT |
February 16 – March 17, 2022, |
April 9, 2022 |
|
GMAT |
Throughout the year |
Throughout the year |
|
MAT |
September 13, 2022 (IBT) August 29, 2022 (PBT) September 12, 2022 (CBT) |
September 17, 2022 (IBT) September 4, 2022 (PBT) September 18, 2022 (CBT) |
Top MBA Colleges in Mumbai: Syllabus of MBA
There are four semesters in the MBA Syllabus. The MBA Syllabus is designed following industry norms and aids the student in obtaining suitable jobs. An MBA programme's first and second semesters are primarily devoted to theoretical and primary areas. The fourth semester includes a required internship.
The primary and elective subjects in MBA in top colleges in Mumbai are as follows:
- Technology and Operations Management
- Finance
- Accounting and Control
- Organisational Behaviour
- Business Economics
- Accounting and Financial Management
- Corporate Finance
- Human Resource Management
- Management of Change
- Entrepreneurship and Family Enterprise
- Decision Sciences
- Economics and Political Science
- Strategy
- Marketing
- Leadership and Entrepreneurship
- Management Theory and Practice
- Managing for Sustainability
- Marketing Management
- Research Methods
- Strategic Management
Top MBA Colleges in Mumbai: MBA Specializations
The top MBA Specialisations are MBA Finance, MBA HR, MBA Marketing, and MBA IT. Students can enrol in MBA courses in the following specialities and conventional MBA courses.
MBA specialities enable students to gain expertise in a particular sector, such as "finance" or "marketing," and improve their post-graduation employment prospects. It is advised to acquire an MBA in a particular specialisation for greater work chances.
Here is the list of other MBA Specialisations in top MBA Colleges in Mumbai:
- MBA Digital Marketing
- MBA Marketing
- MBA Business Analytics
- MBA Information Technology
- MBA Project Management
- MBA Banking and Finance
- MBA Aviation Management
- MBA Event Management
- MBA Sports Management
- MBA Logistics and Supply Chain Management
- MBA Pharmaceutical Management
- MBA Biotechnology
Top MBA Colleges in Mumbai: Career and Job Scope
After completing the course, the candidate gets hired for a variety of positions based on the specialisations they choose while enrolled in the course.
Due to the relevance of an MBA and the fact that businesses prefer to select applicants with specific expertise in their industry, candidates who have already studied an MBA or are now doing so have a bright future in the workplace. A career in MBA is a sage decision, and numerous business options exist.
Employment Areas
After completing an MBA program successfully, candidates are hired by some of the top businesses, which typically seek out people with advanced degrees in their fields. While some institutions offer placement possibilities, some don't.
Companies that visit colleges frequently employ applicants with solid skill sets and academic performance. Candidates should be methodical and well-organized in their work. Therefore, a candidate must possess the necessary knowledge to operate in the sector to get hired by top organisations.
Some of the top companies in the industry are listed below:
- Amazon
- Apple
- Accenture
- Capgemini
- HubSpot
- Deloitte
- TCS
- Citigroup
- Bain & Company
- Facebook.
Job Position
Based on their degree, the applicant is more likely to be hired for a higher position. Taking an MBA course will advance both your career and personal development at the same time.
You can gain a variety of talents that are beneficial to you with the aid of an MBA. The professional with a higher degree of education and skill is typically compensated with a high wage package. Numerous job options are available in the field, some of which are given below with the predicted salaries:
|
Job Position |
Average Annual Salary |
|
Human Resource Manager |
11 lakhs |
|
Relationship Manager |
6 lakhs |
|
Account Manager |
11 lakhs |
|
Marketing Executive |
7 lakhs |
|
Operations Manager |
10 lakhs |
|
Assistance Human Resource Manager |
9 lakhs |
|
Business Analyst |
8 lakhs |
|
Executive Assistant |
8 lakhs |
|
Area Sales Manager |
6 lakhs |
Top Recruiters
Top MBA colleges in Mumbai postings have a lot to offer because the city is home to some of the most prestigious management institutes.
Every year, an average MBA college in Mumbai receives more than 120 employment offers.
This year, more than 180 recruiters visited the campus of NMIMS Mumbai. These institutions still have an average CTC between 12 and 15 lakh INR.
Following are the top Recruiters hiring MBA graduates from Top MBA Colleges in Mumbai:
- Hindustan Unilever
- Kotak Mahindra Group
- PricewaterhouseCoopers
- Reserve Bank of India
- Bloomberg
- Boston Consulting Group
- Bajaj Auto
- L’Oreal Paris
- Barclays Capital
- Bank of America
- IBM
- Bharati Airtel
- National Stock Exchange
- UBS Godrej, and so on.
