Mumbai, the financial capital of India has recently received the much awaited IIM Mumbai as the Government of India has renamed NITIE Mumbai as IIM Mumbai. Mumbai is a preferred MBA destination as it houses number of top MBA colleges and offers high employment and entrepreneurship opportunities across the sectors and domains. If you are planning to pursue MBA from Mumbai, the Capital City of Maharashtra State, and are searching for the best MBA colleges in Mumbai accepting CAT, XAT, CMAT, MAT, MBACET for MBA admission, you are at the place.
Before we tell you about MBA colleges in Mumbai.
, Let’s briefly discuss why Mumbai is a great destination for MBA.
1.) Why to opt for MBA in Mumbai?
Check Key USPs
So, what makes Mumbai India’s top MBA destination? Here are key reasons that make Mumbai a much sort after MBA city.
1.1 Financial and Business Hub
While Delhi is the political capital, Mumbai is the financial and business capital of India. Bombay Stock Exchange, National Stock Exchange of India, the SEBI are all headquartered here. Hence, it is one of the world’s top ten centres of global financial transactions. Corporate headquarters of leading Indian companies and MNCs like Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, Aditya Birla Group are also in Mumbai. Mumbai is also the media, advertising and entertainment capital of India.
1.2 Bright job and career prospects for MBA
If you are looking for a job in the financial sector, Mumbai is the place to be. MBAs can apply for jobs in Banking and Financial sectors in companies like HDFC, Kotak Bank, ICICI Bank and and AXIS Bank. There are plenty of jobs in sales and marketing that are available in Mumbai in companies like Unilever, P&G, Godrej and many others. Being a media, advertising and entertainment capital of India, you can also apply for jobs in companies like Star TV, Zee TV, JWT, Times of India and many others.
1.3 Hub of MBA education
Finally, Mumbai is also a hub of education in management, technology and allied sectors. In addition to MBA colleges like SPJIMR, JBIMS, NMIMS, NITIE, Mumbai also has leading institutions like IIT Bombay and Tata Institute of Social Sciences (TISS).
2)Admission Process in Mumbai MBA Colleges
Admission process in Mumbai MBA colleges has following components:
- Academic Eligibility criteria for MBA Admission in Mumbai is minimum 3 years bachelor’s degree with minimum 50% marks in any discipline.
- The applicant has to appear in one of the acceptable MBA entrance exams and also has to apply for MBA admission in the preferred institute – For example SPJIMR, NITIE, IIT Bombay accept only CAT score; NMIMS accepts NMAT score, while JBIMS, SIMSREE accept MAHCET score for Maharashtra State candidates and CAT,XAT, CMAT, MAHCET score for all India category candidates.
- You will be shortlisted based on your MBA entrance exam score, academics and work experience
- MBA admission process at JBIMS, SIMSREE and other university affiliated B-schools will be through DTE CAP round
On receipt of final MBA admission offer, you must pay the acceptance/admission fees by the stipulated date.
The top private colleges of Mumbai are as under :
1) SPJIMR Mumbai SP jain Institute of Management and research
SP Jain Institute of Management and Research was established in 1981 and is a constituent institute of Bharatiya Vidya Bhavan. S. P. Jain Institute of Management and Research is approved by the AICTE and accredited by the Association of MBAs (AMBA), UK, NBA, and AACSB International. SP Jain is ranked 29 in Asia by QS Global MBA Ranking 2023 and offers PG, Doctoral, and various other courses to students across the Management and various other streams. The major highlights of SP Jain (SPJIMR) are tabulated below:
Establishment year | Ownership type
1981 | Private
Association of MBAs (AMBA), UK, NBA, and AACSB International
-20 by NIRF under the Management category
-29 in Asia by QS Global MBA Ranking
-151-200 in The World by QS Global MBA Ranking..
Fees : 24,00000
Exam : CAT ,GMAT
Placements: Average salary 33,02,000 per annum.
2) NMIMS Mumbai NMIMS School of Business Management
Narsee Monjee Institute of Management Studies (NMIMS) was established in Mumbai in the year 1981 by a leading public charitable education trust, Shri Vile Parle Kelavani Mandal (SVKM). NMIMS was established with the initial intent to offer management programs at the Diploma and Masters’ (graduate) level.
Since its commencement in 1981, NMIMS has been offering Mumbai University (University of Bombay) programs like Masters in Management Studies, Diploma in Management Studies, Masters’ Program in Marketing Management, Human Resources Management and Finance Management. In 1991, the Government of India set up the All India Council for Technical Education (AICTE), a regulatory body created for technical education.
NMIMS was the first institution in the city of Mumbai to be awarded the AICTE recognition for its Post Graduate Diploma in Management program. Since then, NMIMS has progressed to offer programs at the diploma, masters’ (MBA) and the doctoral (Ph.D.) levels.
Fees : 23,90000
Exam : NMAT
Placements:Average salary rs 26,63000 per annum.
3) JBIMS Mumbai Jamnalal institute of management Studies
Jamnalal Bajaj Institute of Management Studies, Mumbai (also known as JBIMS Mumbai) is a constituent department of the University of Mumbai. Established in 1965, it ranks 10 under the ‘Management’ category by the Indian Institutional Ranking Framework (IIRF 2023). JBIMS Mumbai is a leading business school in India with a strong academic reputation, enhanced research facilities, increased international collaboration, and a strong alumni network. The school offers a variety of academic programs, including MBA, MFin, and MMS. It also has a high placement record.
Fees : 6 lakh
Placements: Average salary rs 18,91000 per annum
Exam: CAT, MHTCET
4)KJ somaiya institute of management Studies Mumbai
Established in 1981, the K J Somaiya Institute of Management is a constituent college of Somaiya Vidyavihar University which is approved by UGC. KJ Somaiya Institute of Management is accredited by AACSB and NBA and is ISO certified. Formerly known as K J Somaiya Institute of Management Studies & Research (SIMSR), the college is approved by AICTE and AIU. K J Somaiya is ranked 45 by NIRF 2023 under the Management category. KJ Somaiya offers PG courses to students across Sports Management, General Management, and various other streams. The major highlights of K J Somaiya Institute of Management are tabulated below:
Establishment year | Ownership type
-5 by Education World. in
-25 by Business Today in
-45 by NIRF under the Management category.
Fees : 19,94,000
Placements: Average salary Rs 10,97,000 per annum
Exam : NMAT, MAT, XMAT, GMAT, CAT
MET Institute of Management was established by the Mumbai Educational Trust in 1989. The college is ranked 31st for MBA by Times in 2020. The college offers courses such as MMS, Part Time Master’s Degree (MMS/ MFM/ MHRDM) and PhD. All the courses are affiliated to the University of Mumbai. The institute has strong industry connections and an experienced faculty who provide industry-specific skills to the students. Renowned companies participate in MET Institute of Management placements.
Fees : 11,05,000
Placements: Average salary Rs 8,00,000 per annum.
Exam : CAT, GMAT, MAT, MAHCET, TANCET.
6)Vijay patil school of management (VPSM) Dy patil University Navi Mumbai
The VPSM MBA program is based on a highly interactive and participant-centric pedagogy where the students learn through active interaction with the faculty members and with each other in the classroom as well as outside the classroom. The entire infrastructure be it classrooms or discussion rooms or open spaces provided on the roof-top garden or dedicated places in the Learning Resource Centre is specifically designed to promote interaction and group work.
The MBA program is designed to create ethical leaders in different walks of life and not just in the corporate world. It, therefore, emphasizes on working in teams and group
Fees : 14,00,000
Placements: Average salary of Rs 10,00 000.
Exam : CAT XMAT, GMAT, MAT,SNAP, ATMA.
7)CIMR Mumbai Chetanas institute of management and research
Chetana’s Institute of Management and Research is a premier Institute established in 1996. It is located in Maharashtra. Institute offers Diploma courses including 3 PG courses. These programs are offerred in Full Time mode. Chetana’s Institute of Management and Research is a well-known institution for MBA/PGDM courses. These programs are delivered by highly experienced faculty. Chetana’s Institute of Management and Research present collection of courses like MBA/PGDM and Business & Management Studies programs. Institute give offer to students to gain proficiency & expertise in the specialization of Operations, Sales & Marketing, Retail. Courses offered by institute are recognized and acknowlegded by approving bodies like AICTE. Courses offered by the Institute for total of 270 students. Courses offered by Chetana’s Institute of Management and Research are in the fee range of INR 715,000-785,000 for a total of 270 candidates. College provides good facilities and infrastructure like Auditorium, Cafeteria, Hospital / Medical Facilities, Labs, Library, Sports Complex, Wi-Fi Campusto the students.
Placements: Average salary of Rs 5,71,000 per annum
Exam : CAT XMAT GMAT.
8)N.L Dalmia institute of management Studies Mumbai
NL Dalmia College was established in 1995 and is accredited by NBA and with A Grade by NAAC. N. L. Dalmia Institute of Management Studies and Research is approved by AICTE, the Indian Finance Association, and AIU. NL Dalmia Institute of Management Studies and Research is a member of AACSB, AIMA, AIMS, BMA, CII, EFMD, IMCA, and AMDISA and is ISO certified. The college is A** Certified at the National and State Levels by CRISIL. NL Dalmia College offers PG, PhD, and other courses to students. These courses are provided across Finance, Business Analytics, and various other streams. Some of the courses are provided in affiliation with the University of Mumbai.
NL Dalmia is ranked 23 by The Times for 2023 for MBA/PGDM, 13 by The Times 2023 under the Private Universities- 50 universities category, and 78 by Business Today under the MBA/PGDM category. Located in Mumbai, Dalmia College Mira Road.
Fees : 8,70,000
Placements: Average salary of Rs 7,00,000 per annum
Exam : CAT XMAT GMAT, MAHCET.
9)SIES College of Management Studies and SIES school of business studies, Navi Mumbai
A premier Institute in higher education, SIES College of Management Studies is grounded in Mumbai, Maharashtra since 1995. A student can pursue any program from the Institute which Degree and Diploma courses including 7 PG courses. These programs are offerred in Full Time and Part Time mode. SIES College of Management Studies is a reputed institute for Executive MBA/PGDM, MBA/PGDM, MCA, MMS courses. Students can chose from these programs to persue their career in higher studies. Institute enjoys a good reputation for courses like Executive MBA/PGDM, MBA/PGDM, MCA, MMS in the streams of Business & Management Studies, Science, IT & Software Students can opt courses from these. SIES College of Management Studies gave you offer to gained expertize through its trained and experienced faculty in the fields of Sales & Marketing, Pharma, Biotechnology. Institue offered courses that are approved by AICTE. Courses offered by SIES College of Management Studies for total of 450 candidates. Courses offered by the Institute are in the fee range of INR 110,000-900,000 for a total of 450 candidates. Institute has a well supported campus with facilities like A/C ClassroomsAuditorium, Boys Hostel, Cafeteria, Convenience Store, Girls Hostel, Gym, Hospital / Medical Facilities, Hostel, Labs, Library, Sports Complex, Wi-Fi campuses.
Placements: Average salary of Rs 8,70,000 per annum
Exam : CMAT, CAT, MAT, ATMA, XAT.
10) Aditya school of business management
Aditya Institute of Management Studies and Research (AIMSR) was established in 2011 and is located in Mumbai. It is a private institute accredited with ISO Certification 9001:2015 and offers two separate two-year full-time programs, namely PGDM and PGDM-Marketing. AIMSR PGDM programme is approved by the All India Council for Technical Education (AICTE). MMS programme has affiliation with the University of Mumbai and is approved by the Directorate of Technical Education (DTE), Government of Maharashtra.
At the very preliminary stage, an intensive 21-day long Induction Program at the Institute facilitates thinking in new ways through orientation to different aspects of management, collaborative team-building exercises and leadership activities. The training and certification programs at the Institute include NISM, Cambridge Business English, Advanced Financial Modeling and Digital marketing
Fees : 7,80,000
Placements: Average salary of Rs 5,50,000 per annum
Exam : CAT, MHTCET, XAT.
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