Top 10 Government MBA Colleges In Mumbai (Latest Fees 2024)

Do you know that there are more than 180 MBA colleges in Mumbai out of these 133 are private and nearly 11 are government owned. You must appear in the entrance examinations like CAT, XAT, SNAP, etc to get admission to top  MBA universities and institutes.

Top MBA universities and institutes are the National Institute of Industrial Engineering, SPJIMR,  IIT Bombay, NMIMS Mumbai, K J Somaiya Institute of Management, and ITM Business School. 

Highlights for Top MBA Institutes in Mumbai 

MBA is the most sought-after program that is offered by many universities and institutes. These universities often give admission to students based on the marks scored in the MBA entrance examination.

Number of MBA Colleges in Mumbai	180+
Entrance examination	CAT CMAT MAT MAH MBA CET ATMA XAT
Mode of Education	Online  Distance  Regular Part-Time
Top Specialisations	Logistics and Supply Chain Marketing  HR Data Science  Data Analytics Finance Digital Marketing  E-commerce Leadership Entrepreneurship  System and operations
Annual fees	INR 1- 5 Lakhs

Top 10 Government MBA Colleges in Mumbai 

Here are the top 10 government MBA colleges in Mumbai.  Let us know about the top MBA universities and colleges in Mumbai :

1) Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai

The university is also known as the University of Bombay. It is among one of the oldest and premier universities in India. This university was established in the year 1857 as a result of Wood’s education dispatch in 1854.

The university offers an amazing MBA program to students in regular mode. This program is offered by the top faculty. The University is excellent in terms of sports/ culture and other activities. 

Government MBA Colleges	MBA Fees
Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai	INR 34000 to INR 100000 per year

2) SNDT College of Arts and SCB College of Commerce and Science for Women, Mumbai

The University is accredited by NAAC with an A grade award. The University was founded by Maharshi Dr. Dhondo Keshav Karve. The University has four campuses with around 39 departments, the MBA one among them.

There are 13 institutes with over 307 affiliated colleges and 9 recognised institutes. The university offers world-class studies to the students through the top faculties. The candidates get the chance to work closely on the practical aspects and projects of the course helps them to understand the concepts quickly.

Government MBA Colleges	MBA Fees
SNDT College of Arts and SCB College of Commerce and Science for Women, Mumbai	INR 1 lakh per annum

3) SIMSREE Mumbai - Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai 

Sydenham Institute of Management Studies, Research and Entrepreneurship Education is among the top institute that offers MBA to students. This program is offered to students who have passed entrance examinations like CAT, XAT and many more.

The institute has top faculty and teachers who help students to understand the concepts clearly. After the completion of the program, the institute also offers placement services to the students.

Government MBA College	MBA Fees
SIMSREE Mumbai - Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai	INR 1.6 Lakhs per year

4) IIM Mumbai (NITIE) - Indian Institute of Management Mumbai

IIM Mumbai is among the top institutes of India. With over-top faculties and teachers, the institute is excelling all around the way. Admission to the institute for the MBA program can be taken after clearing the toughest entrance examination which is CAT.

The CAT examination is known to be one of the most competitive exams in India.The Institute also offers placement services to the students.

Government MBA College	MBA Fees
IIM Mumbai (NITIE) - Indian Institute of Management Mumbai	INR 1,05000 per year

5) Ismail Yusuf College of Arts Science and Commerce, Jogeshwari

Ismail Yusuf College of Arts Science and Commerce is one of the top institutes that offers an MBA to students after appearing in the entrance examinations like CAT. Based on the CAT scores, the candidate gets the admission.

The candidate gets the top-notch MBA program from the institute. The institute has top experts and faculty that help in understanding the skills and knowledge of the students. The college is among the fourth oldest college in Mumbai.

Government MBA College	MBA Fees
Ismail Yusuf College of Arts Science and Commerce, Jogeshwari	INR 8070 - INR 51570 per year

6) JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies, Mumbai

The institute offers the MMS program to the students after the rigorous entrance examination conducted by CAT, XAT and Maharashtra entrance examination for management programs.

The candidates get the chance to learn from the top faculty members. The candidate gets placement opportunities and job and career options from the university after the successful completion of the program.

Government MBA College	MBA Fees
JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies, Mumbai	INR 6.10 Lakhs per year

7) Jankidevi Bajaj Institute of Management Studies, Mumbai

Jankidevi Bajaj Institute of Management Studies offers MBA and Executive MBA programs to students. The institute offers an MBA to students who have taken entrance examinations for admission to the MBA program.

The candidates get the MBA program from the top-notch faculty. After the completion of the program, the candidate gets the job and career opportunities from the top companies and institutes.

Government MBA College	MBA Fees
Jankidevi Bajaj Institute of Management Studies, Mumbai	INR 1.5 lakh per year

8) MNLU Mumbai - Maharashtra National Law University, Mumbai

MNLU Mumbai - Maharashtra National Law University also offers an MBA program in regular mode. This program is a two-year full-time programme specialising in banking Law and Corporate Finance.

The students get the unique skills and ability to understand business and management scenarios. MNLU is a vibrant campus with many programmes offered in various fields.

Government MBA College	MBA Fees
MNLU Mumbai - Maharashtra National Law University, Mumbai	INR  6-8 lakhs per year

9) Maharashtra State Skills University, Mumbai

Maharashtra State Skills University is a specialised university that also offers MBA to students. This program is offered by the top faculty members.

The MBA program offered by the university is in regular mode and hence candidates have to take the entrance examination to enrol in this program. The most accepted entrance examinations are CAT, XAT and so on.

Government MBA College	MBA Fees
Maharashtra State Skills University, Mumbai	INR 2 Lakhs per year

10) SJMSOM IIT Bombay - Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay

If you are interested in pursuing an MBA then you can also opt for Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay. The program offered here is well organised and offered by the top faculty.

The university offers placement services to the students as well. The students must have to appear in the entrance examination like the CAT to get admission to this institute.

Government MBA College	MBA Fees
SJMSOM IIT Bombay - Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay	INR 8-20 Lakhs per year

Benefits of Online Mode of MBA 

If you are a working professional looking to pursue an MBA but cannot invest full time then you do not need to worry. Online MBA can be pursued that is a valid and approved degree and is offered by the top universities and institutes.

Here are several benefits of pursuing an MBA in online mode :

• Flexibility : If you are a working professional in a full-time job then you can get into an online MBA. This is a flexible option and you can give time to your studies on weekends at your convenience. 
• Career advancement : The online MBA is an excellent way to do career advancement. You will get to learn a lot of skills and knowledge that will help you to get the top job and career opportunities. 
• No need to visit the University : once you get enrolled in an online MBA, you are not required to visit the university. Assignment submission and examinations are done in online mode. 
• Accessibility : The online mode of the MBA is accessible and you can pursue an MBA even if you stay far away from the college. You can also opt for foreign universities to pursue an MBA without visiting there. 
• Skills enhancement : You get to learn new skills and other amazing opportunities once you get into the university. 
• Access to resources :  You get the online learning material and e-learning tools after enrolling in an online MBA that helps the candidate to get a good grip on the concepts.

Eligibility Criteria for Top MBA Colleges in Mumbai 

Most of the eligibility criteria are the same for MBA colleges but there are certain different eligibility criteria for each university and institute.

Here are the basic eligibility criteria to enrol in MBA top College at Mumbai :

• The applicant must have completed the graduation from a recognised university with aggregate marks of 50%. 
• The candidate must have scored well in the entrance examinations like CAT, MAT, MAHCET, CMAT etc. The universities and colleges give admission to candidates based on marks in these examinations. 
• The students from the reserved category have to secure a minimum of 45% marks or an equivalent CGPA in the qualifying degree to get admission to the Top MBA college in Mumbai. 

Top MBA Colleges in Mumbai with number of seats 

Mumbai is the home to many MBA colleges that include public, private and other central universities. Apart from IIM Mumbai, many universities and colleges are located in Mumbai.

S.No	MBA Colleges	Number of Seats
1	S.P. Jain Inst. of Management and Research, Mumbai	720
2	IIM Mumbai (NITIE)	338
3	IIT Bombay, Mumbai	172
4	NMIMS Mumbai	990
5	Prin. L. N. Welingkar Inst. of Management Development and Research, Mumbai	12,830
6	Universal Business School, Mumbai	860
7	VBS Mumbai	180
8	K J Somaiya Inst. of Management, Mumbai	660
9	N.L. Dalmia Inst. of Management Studies and Research, Mumbai	420
10	JMIMS	-

MBA Colleges in Mumbai NIRF Ranking 2023

Many colleges and institutes are highly ranked by the NIRF and are situated in Mumbai. Here we have given the top MBA colleges in Mumbai with high NIRF ranking. 

The ranking is based on certain parameters like the student’s qualifying rate, teaching quality, placement and many more.

Here we have given the table showing the top MBA colleges in Mumbai with NIRF ranking :

MBA Colleges in Mumbai	NIRF Rank	NIRF Score
IIM Mumbai	7	71.99
IIT Bombay	10	68.11
S.P. Jain Inst. of Management & Research	20	60.91
NMIMS	21	60.84
K J Somaiya Inst. of Management Studies and Research	45	52.14
Principal L N Welingkar Inst. of Management Development and Research	73	48.21

Top MBA private colleges in Mumbai

Here we have given top private colleges that offer high teaching facilities and adequate skills and knowledge to the students.

Private MBA Colleges	Total Tuition Fee
NMIMS Mumbai	INR 8 lakh to INR 20 lakh
S.P. Jain Inst. of Management and Research	INR 20 lakh to INR 22 lakh
JMIMS	INR 6 lakh to INR 7 lakh
Universal AI University	INR 9 lakh to INR 41 lakh
St. Francis Inst. of Management & Research	INR 4 lakh to INR 5 lakh

Top 10 MBA Colleges without CAT in Mumbai 

Many colleges in Mumbai offer admission to candidates even without CAT. But in place of CAT, the candidate must have passed other examinations like XAT, MAT, etc to get admission to the top MBA university.

Here are the top colleges in Mumbai that offer admission to candidates without CAT marks :

MBA Colleges	Accepted MBA Entrance Exams
JBIMS Mumbai	MAH MBA CET
DY Patil University School of Management	CBSE  12th score MAH MBA CET
NMIMS	NMAT GMAT
MET Inst. of Management	MHCET CMAT GMAT
SIBM Mumbai	SNAP
Aditya Inst. of Management Studies and Research	MAT XAT CMAT
Amity Global Business School	XAT MAT
Welingkar Inst. of Management	XAT GMAT
Guru Nanak Inst. of Management Studies	MAH MBA/MMS CET XAT
Tata Inst. of Social Sciences	CUET PG

Entrance Examinations accepted for MBA in top Colleges

There are various entrance examinations that candidates can appear in Some of the top entrance examinations for admission to MBA college are mentioned here:

Exams	No. of Colleges
MAH CET	130
ATMA	68
CAT	91
XAT	76
CMAT	76
MAT	74

Top MBA Colleges in Mumbai with Fees structure of the colleges

You will find numerous universities and colleges in the Mumbai state. Many of them are government while many universities are private.

Here we have given the fee structure of some of the universities :

MBA Colleges	Average Annual Fees
JBIMS Mumbai	INR 3,50,000
IIT Bombay, Mumbai	INR 4,91,000
S.P. Jain Inst. of Management and Research, Mumbai	INR 20,42,000 (Total Fees)
VBS Mumbai	INR 4,50,000
K J Somaiya Inst. of Management, Mumbai	INR 9,59,000
NMIMS Mumbai	INR 71,000
IIM Mumbai	INR 7,03,000
Prin. L. N. Welingkar Inst. of Management Development and Research, Mumbai	INR 6,50,000
JAGSOM Mumbai	INR 22,40,000 (Total Fees)
SIES SBS Mumbai	INR 4,50,000

MBA Colleges in Mumbai with low fees

The average fees for studying MBA in Mumbai range between INR 1 lakh to INR 23 lakhs and more.

Here we have given some of the MBA colleges in Mumbai with low fees :

MBA Colleges	Average Annual Fees
GICED	INR 71,000
ISMS Mumbai	INR 44,900 (Total Fees)
Mumbai University	INR 50,000 (Total Fees)
IIBMS Mumbai	INR 42,800 (Total Fees)
KCCMS Mumbai	INR 45,000 (Total Fees)

Top MBA College in Mumbai with Placements 

After the completion of the MBA program, the candidates want to join the top brands and companies at competitive salaries. However not all the colleges offer placement opportunities to the students.

Here are the leading MBA colleges and institutes in Mumbai that offer placement support to students :

Name of the College	Average Annual Package (In INR)
National Inst. of Industrial Engineering	10,88,000
SPJIMR, Mumbai	19,50,000
IIT Bombay	21,96,000
NMIMS	15,00,000
Prin. L. N. Welingkar Inst. of Management Development and Research	8,61,000

Top recruiters at MBA colleges in Mumbai 

After the completion of the MBA, the candidate gets competitive salary packages from the companies.

Here we have given the colleges offering placement with top hiring partners and the average salary package offered - 

College Name	Top Employers	Average Package
SIES College of Management Studies	Apple, Microsoft, TCS, Google, Infosys, Cognizant, Tech Mahindra	INR 8 LPA
SPJIMR	Accenture Strategy, P&G, TCS, Deloitte, GMC, Mahindra, HUL	INR 25 LPA to INR 30 LPA
NMIMS	Asian Paints, Goldman Sachs, Marico, Pidilite, Dabur, ITC	INR 7 LPA to INR 19 LPA
K J Somaiya Inst. of Management	Amazon, Google, General Electric, HUL, Nestle, ITC, JnJ, Mondelez, Marico	INR 10 LPA

Conclusion 

There are various universities and institutes in Mumbai to pursue MBA. The students can pursue an MBA online, regular and even in distance mode. The credibility of all these programs is the same. Online and distance MBAs are valid and are approved programs by UGC.