Best MBA Colleges in Mumbai- Placements and Rankings

 

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

 

6 K.J Somaiya

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.

 

9 Welingkar

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.