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

College Vidya Team Aug 29, 2024 1.9K Reads

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 recognized 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 program specializing 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 programs 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 specialized 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 enroll in this program. The most accepted entrance examinations are the 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 organized 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 enroll in MBA top College in Mumbai :

  • The applicant must have completed the graduation from a recognized 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 2024

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 2024 :

MBA Colleges in Mumbai NIRF Rank 2024 NIRF Score 2024
IIM Mumbai 6 74.73
IIT Bombay 10 67.16
S.P. Jain Inst. of Management & Research 20 60.97
NMIMS 21 60.96
K J Somaiya Inst. of Management Studies and Research 63 49.66
st. of Management DevelopmPrincipal L N Welingkar Inent and Research 84 46.53

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

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Conclusion 

There are various universities and institutes in Mumbai to pursue MBA. The students can pursue an MBA online, regularly, 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.

FAQs (Frequently Asked Questions)

Yes Online MBA is a valid degree and is approved by UGC. It is at par with the regular degree.

Here are the Top Universities/ Institutes based on the NIRF 2024 ranking are - 

MHRD-NIRF Ranking 2024

MBA Institute

IIM Ahmedabad

IIT Bombay-SJMSOM

IIM Bangalore

IIM Raipur

IIM Kozhikode

IIM Rohtak

IIM Calcutta

Management Development Institute

IIT Delhi-DMS

IIT Kharagpur-VGSOM

IIM Lucknow

IIT Madras-DOMS

National Institute of Industrial Engineering, Mumbai

IIM Udaipur

IIM Indore

SIBM Pune

XLRI Jamshedpur

IIT Roorkee-DOMS

IIM Kashipur

Jamia Millia Islamia

SPJIMR Mumbai

IIM Shillong

SVKM`s Narsee Monjee Institute of Management Studies

IIFT Delhi

IIM Trichy

Amity University

IIT Kanpur

IIM Visakhapatnam

IIM Ranchi

 

The Top MBA specialisations are -

  • MBA in Finance
  • MBA in Marketing
  • MBA in International Business
  • MBA in Entrepreneurship
  • MBA in Hospital Management
  • MBA in Human Resource Management (HRM)
  • MBA in Operations
  • MBA in IT Management
  • MBA in Rural Management
  • MBA in Business Analytics

Yes, you can pursue an MBA without entrance like CAT if you pursue it in online mode. Many top universities and institutes offer MBA in Online mode. 

The top MBA colleges to pursue MBA are -

  1. IIM Mumbai
  2. IIT Bombay
  3. S.P. Jain Inst. of Management & Research
  4. NMIMS
  5. K J Somaiya Inst. of Management Studies and Research
  6. Principal L N Welingkar Inst. of Management Development and Research 
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