Doing an MBA from a good college is hard but choosing a good MBA college is
even tougher. In this article, we will look at the Best MBA colleges in Mumbai.
With so many
recommendations on the web, it becomes harder for an MBA aspirant to choose a
fairly good business school. Some of the below-listed colleges are AICTE approved colleges, that means if you could make into these
colleges your life is secure.
I have made a non-biased
ranking of the colleges for you so that you can make the best possible decision
to secure your future.
So keep around until the
end of the post to make a good decision that could change your future.
Colleges of Mumbai
offers an industrial atmosphere as it is the financial hub of the country. So
doing an MBA from Mumbai is very beneficial.
Before jumping on
the Top MBA colleges in
Mumbai let us know what
an MBA degree is.
What is an MBA?
MBA is a general
graduate business degree that teaches students technical, managerial, and
leadership skills. Earning an MBA gives you valuable business awareness,
expands your professional network, and creates new opportunities.
Structure of MBA course in India
An MBA is a two-year
degree that covers subjects like:
- Finance
- Human Resource Management
- Marketing
- Business management
- Operations
- Consulting
- Entrepreneurship
In most of the b-schools
in the general MBA program, a student has to study all the above-listed
subjects. It is in the second year of the MBA degree, a student is made to
choose a subject of his/her interest.
An MBA degree is somewhat
costly in India and it becomes difficult for most of the students to go for an
MBA degree without taking a student loan. So, return on investment becomes a
very important factor for most of the students.
Hence, students opt to
go for such colleges that provide on-campus placement opportunities. Thus,
placement opportunities play a very crucial role in Indian colleges.
FAQs
Which is the best MBA
college in Mumbai?
JBIMS, SPJIMR, NITIE,
NMIMS, IIT Bombay, K.J Somaiya, TISS, SIMSREE, WELINGKAR, CHETNA
Is MBA a good option?
The demand for MBA
graduates is rising each year which makes MBA an important degree. But doing an
MBA from a non-reputed institution is not worth the money.
Can I do MBA after BA?
Yes, MBA after BA is a
good option. You just need a graduation degree with 50 percent to sit in an MBA
entrance.
What is the common
entrance exam for MBA?
CAT is the common
entrance exam in India.
Process of getting into the below-listed Business Schools
The colleges that are
listed below intakes students based on various entrance exams such as CAT, CET, MAT, GMAT, and other entrance exams.
In these colleges, some
of the students are shortlisted on the basis of the CAT score and other
entrance marks. The shortlisted candidates are further required to appear for a
group discussion and personal interview.
The final selection is
based on the combined marks of the entrance exam, group discussion, and
personal interview.
Let us have a detailed
discussion of Colleges in Mumbai accepting CAT and other entrance exams.
Without further due
let's get to the list. Some of these colleges also fall in the Top 10 MBA Colleges in
India.
Best MBA Colleges in Mumbai:
1 JBIMS
JBIMS or Jamnalal Bajaj
Institute of Management Studies is one of the top B-Schools in India. To talk
about Mumbai, it stands at the number one position. It is located at
Churchgate, Mumbai. The location of this college is another factor to look for
as it is located at the financial hub of India.
Exam accepted by JBIMS:
CAT, MAT, XAT, GMAT, MAHCET, ATMA & CMAT.
Courses offered at
JBIMS:
- Master in Human Resource Development
- Masters in Management Studies
- Masters in Finance
Placement
Placements at JBIMS is
100 percent. The average package offered to students was around 22 LPA and the
lowest package offered was 20 LPA. The highest salary offered was 32.30 LPA.
Various offers were made
to students from different sectors like BFSI, FMCG, Consulting, Automobile and
Manufacturing, Media and Telecom, Conglomerates, Pharmaceuticals, and
Technology.
Sector-Wise Placement of JBIMS
2 SPJIMR
SPJIMR or S.P Jain
Institute of Management and Research is one of the finest business schools in
India. It is known for its excellent management education. This college also
falls in the list of India's top 10 colleges.
SPJIMR provides various
courses but we will look at the courses which MBA aspirants look for.
Exam accepted by SPJIMR:
CAT, XAT, GMAT
Courses offered by
SPJIMR:
- Post Graduate Diploma in Management
- Post Graduate Programme in Management
- Global Management Programme
- Fellow Programme in Management
Placement:
Placement at Spjimr is
almost 100 percent. This year more than 72 percent of the batch received an
average salary of 22.90 LPA and above. The median package received was 22LPA.
Offers from various
sectors were made like FMCG, E-Commerce, BFSI, IT and Analytics, Consulting,
General Management, IB/PE, and Telecom.
Domain-Wise Placement of SPJIMR
3 NITIE
While NITIE or National
Institute of Industrial Engineering is primarily a college for engineering, it
also has excellent MBA courses. NITIE has four post-graduation courses for
management studies.
According to the NIRF
rankings, it is the third-best MBA colleges in Mumbai for management education.
Exam accepted by NITIE:
CAT
Courses offered by
NITIE:
- Post Graduation Diploma in Industrial Management
- Post Graduation Diploma in Project Management
- Post Graduate Diploma in Industrial Safety and
Environmental Management
- Post Graduation Diploma in Manufacturing Management
Placement
The placements of NITIE
is fairly good. Almost every student in NITIE receives a satisfactory package.
The top ten percent of the batch receives a salary of 36.80LPA and the average
salary of the 50 percent batch receives a package of 25.99 LPA. While the
average package of NITIE is 20.88 LPA.
Recruiters from various
sectors like BFSI, Consulting, IT, FMCG, Manufacturing, Pharma &
Healthcare, Retail & E-commerce, etc take part in the recruitment process.
Sector-Wise Placement of NITIE
4 NMIMS
NMIMS or Narsee Monjee
Institute of Management Studies is another good college for management studies
and research. NMIMS has campuses in different places. It has around four-campus
in Mumbai itself.
As NMIMS is a college
for both engineering and management studies, it offers a lot of courses related
to management and engineering. But we will look at the popular management
courses offered by NMIMS.
Exam accepted by NMIMS:
NMAT
Courses offered by NMIMS
- Executive Post Graduate
Diploma in Business Management
- Post Graduate Diploma in Banking and Financial
Services
- Post Graduate Diploma in Banking and Financial
Services
- PGDM (Logistics & Supply Chain Management)
Placement
Placement is another
factor for which this college is famous for. Placement is not a factor to worry
about in NMIMS. The average package of the students stood at around 10LPA and
the highest package went high as 15 LPA.
Recruiters from
different domains like BFSI, Finance, HR, IT, Lifestyle, Consulting, etc took
part in the placement. Students were offered various roles in these sectors.
Domain-Wise Placement of NMIMS
5 IIT Bombay
IIT Bombay is an
engineering college but it also offers good management education. The full-time
MBA degree is the one to look for in IIT Bombay. IIT Bombay also falls in the
list of Top 10 Mba Colleges in India.
Exam accepted by IIT
Bombay: CAT
Courses offered by IIT
Bombay
- Master of Business Administration
- Executive MBA
- Executive Programme in Management
Placements
The placements at IIT
Bombay is mind-blowing. The average CTC stood at around 20.98 LPA and the
highest salary went as high as 32.80LPA. Different roles were offered to
students from different sectors.
Sector-Wise Placements of IIT Bombay
K.J Somaiya is another
management institute well-known for its management studies in Mumbai. It also
has various campuses in Mumbai. Besides management, this college also offers
courses in different fields.
K.J Somaiya offers
different courses in various fields, so the number of courses offered by this
college is too many. Let us look at the popular management courses offered by
this institution.
Exam accepted by K.J
Somaiya: CAT, CMAT, GMAT, XAT
Courses offered by K.J
Somaiya
- Master of Management Studies
- PG Diploma in Communication skills
- PG Program in Management
- Master in Financial Management
- Master of Human Resource Diploma & Management.
Placement
The placements of K.J
Somaiya is quite up to the mark. This year almost 97 percent of the batch got
placed in a good position. The average CTC received by the students was13.25
LPA and the highest package offered was 28.50 LPA.
Offers from various
sectors were received such as Banking & Insurance, Consulting,
Manufacturing & FMCG, IT, Financial Services, and Conglomerates.
Domain-Wise Placement of K.J Somaiya
7 TISS
TISS or Tata Institute
of Social Sciences is an art college. But, the program of HRM&LR in TISS is
what MBA students look for. The fees of HRM&LR is very low and the return
on investment is very high.
While TISS provides
various courses in different fields, the course for which TISS is famous for is
the Human Resource Management Course.
Exam accepted by TISS:
TISSNET
Course offered by TISS
- Human Resource Management and Labour Relations
Placement
The placement process of
TISS is very satisfying as it provides 100 percent placement in the
above-mentioned course. Being a TATA Institute is known for its excellence.
The median salary
received by students was 20.05 LPA, and the average package was around 21 LPA.
The highest salary went high as 30.33 LPA this year.
Salary offered in TISS
8 SIMSREE
SIMSREE or Sydenham
Institute of Management Studies Research and Entrepreneurship Education is a
fine college to do management education. The fee of this institute is quite low
and that's why this college stands at the 7th position in the list of best
colleges in Mumbai.
Exam accepted by
SIMSREE: CAT, XAT, MAT, CMAT, ATMA, MAHCET
SIMSREE offers courses
in four different specializations.
Courses offered by
SIMSREE:
- Master of Management Studies
- Post Graduate Diploma in Business Management
- Masters in Financial Management
- Masters in Marketing Management
Placement
The placement
opportunities in SIMSREE is quite satisfactory. The average package received
this year was around 10.9 LPA and the highest domestic CTC stood at 17 LPA.
Sectors likeBFSI,
Advertising, FMCG, Consulting, Pharma, Telecom, IT, E-commerce took part in the
placement process.
Welingkar Institute of
Management Development and Research is another brilliant B-School located at
the financial hub of India. Welingkar offers different types of courses in the
management field.
Exam accepted by
Welingkar: CAT, XAT, ATMA, GMAT, CMAT
Courses offered by
Welingkar:
- Post Graduate Diploma in Management
- PGDM in E-business
- PGDM in Business design
- PGDM in Research and Business analytics
- PGDM in Healthcare
- PGDM in Media and Entertainment
- PGDM in Rural Management
- PGDM in Retail Management
- Masters in Management Studies
Placement
The placement of
Welingkar is reasonable. The average package received by the batch this year
was 11LPA. The highest package received by the batch was 22LPA. This year the
batch noticed a total of 100 percent placements.
10 CHETNA
Chetna's Institue of
Management and Research is another among the Best Mba Colleges in Mumbai.
Chetna's PGDM courses are famous all over India. It is one of the finest
B-Schools in Mumbai with a great alumni network.
Exam accepted by CHETNA:
CAT, XAT, MAT, ATMA, CMAT, MAHCET
Courses offered by
Chetna:
- The Post-Graduate Diploma in Management
- PGDM in Marketing
- PGDM in Retail
Placement
The placements of Chetna
is quite good but not great. The average package offered this year was 5.5 LPA
and the highest salary stood at 9.09 LPA. Offers from different sectors were
made to students.
Students received offers from different sectors like FMCG, IT, Consulting, HR, etc.
Conclusion
The above-listed
colleges based on Mumbai are great for management education. These colleges are
ranked based on fees, placements, and NIRF rankings. These are the Best MBA Colleges in Mumbai
There are other great
colleges in Mumbai, but I could not rank them due to some reason.
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