Best MBA Colleges in Mumbai: Ranking 2024, Fees, Admissions, Courses, Placements

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Best MBA Colleges in Mumbai: Ranking 2024, Fees, Admissions, Courses, Placements

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On Best MBA Colleges in Mumbai: Ranking 2024, Fees, Admissions, Courses, Placements

Q:   How many MBA colleges are there in Mumbai?

A: 

There are about 160+ best MBA colleges in Mumbai. Of these, 111 colleges are privately owned and 11 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in MumbaiNMIMS School of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc. are some of the popular MBA colleges in Mumbai.

Q:   Which is the No. 1 MBA college in Mumbai as per NIRF 2024?

A: 

IIM Mumbai emerged to be as the No. 1 MBA college in Mumbai followed by other colleges. LIsted below are some of the colleges along with their NIRF ranking over the past three years, i.e. from 2022 to 2024:

College Names

NIRF 2022

NIRF 2023

NIRF 2024

IIM Mumbai (formerly known as NITIE) Ranking

9

7

6

S.P. Jain Institute of Management & Research Ranking

21

20

20

SVKM`s Narsee Monjee Institute of Management Studies Ranking

25

21

21

K J Somaiya Institute of Management Studies and Research Ranking

71

45

63

Principal L N Welingkar Institute of Management Development and Research Ranking

68

73

84

READ MORE: MBA Courses

Q:   What are the affordable MBA colleges in Mumbai?

A: 

It is estimated that joining MBA colleges in Mumbai can be expensive, but we have identified some affordable options with tuition fees of less than INR 1 Lacs and between INR 1-2 lakh.

Low-cost CollegesTotal Tuition Fee
Welingkar MumbaiINR 94,000
National Institute of Management and Research StudiesINR 1.5 lakh
Jankidevi Bajaj Institute of Management StudiesINR 1.7 lakh
NAEMDINR 1.8 lakh
Indian Institute of Materials ManagementINR 81,000

Q:   Is it worth doing an MBA from Mumbai?

A: 

Joining an MBA college in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Name

Total Tuition Fee

Annual Average Package

NMIMS School of Business Management MBA

INR 8 lakh – INR 24 lakh

INR 7 LPA - INR 19 LPA

IIM Mumbai (formerly known as NITIE) MBA

INR 14 lakh

INR 28 LPA

S.P. Jain Institute of Management and Research MBA

INR 15 lakh – INR 24 lakh

INR 3 LPA – INR 32 LPA

SIES College of Management Studies MBA

INR 5 lakh – INR 7 lakh

INR 8 LPA

Hope this information proves beneficial for you!!

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Q:   What is the eligibility criteria to get admission in top MBA colleges in Mumbai?

A: 

The prerequisites for MBA courses can vary from one college to another. However, the following are the fundamental requirements for admission to Mumbai's best MBA college:

  • As a baseline requirement for admission to the MBA (full-time) programme, candidates must have earned their bachelor's degree in any discipline or its equivalent from an accredited university.
  • The majority of institutions adhere to the average or equivalent minimum score requirement of 50% for graduation. The required overall score for students in the reserved category is 45%.
  • Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.

Q:   Can I do MBA without giving any entrance exam?

A: 

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

  • The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
  • For the reserved category, the score should at least be 45% aggregate.
  • Some institutes accept other competitive exam scores such as XAT, MAT, GMAT, NMAT, ATMA, SNAP, etc.

If you did not appear for the CAT exam and still wish to get admission to the best MBA colleges in India without CAT, then, here is a list of top MBA institutes that give admissions based on different entrance criteria or exams.

MBA Colleges/ Institutes

MBA Exam Score Accepted

SIBM, Pune

SNAP

XLRI, Jamshedpur

XAT

Xavier University, Bhubaneshwar

XAT, X-GMT

Indian School of Business, Hyderabad

GMAT

Amity University

XAT/GMAT/MAT/CAT/NMAT

 

Q:   What is the placement package offered to MBA graduates in Mumbai?

A: 

SP Jain Institute of Management and Research offeredthe the highest placement package ranging between INR 3 LPA - INR 32 LPA,  and the prominent recruiters participated include Castrol, Godrej, Barclays, CISCO, KPMG, etc.

Refer to the table below for a detailed overview of some of the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:

College Name

Annual Average Package

Top Recruiters

NMIMS School of Business Management Placements

INR 7 LPA - INR 19 LPA

KPMG, Infosys, Cognizant, EXL, ITC, etc.

IIM Mumbai (formerly known as NITIE) Placements

INR 28 LPA

Amazon, ITC, EY, Flipkart, Microsoft, etc.

S.P. Jain Institute of Management and Research Placements

INR 3 LPA – INR 32 LPA

Castrol, Godrej, Barclays, CISCO, KPMG, etc.

SIES College of Management Studies Placements

INR 8 LPA

BigBasket, Tata Motor Finance, Federal Bank, HDFC Bank, etc.

Q:   What is the MAH MBA CET syllabus?

A: 

The syllabus of MAH MBA CET includes the following:

Logical and Abstract Reasoning: Arrangements, Family tree, Coding-Decoding, Direction, Clock and Calendars, Groups and Conditionality, Number Series, Venn Diagrams, Syllogisms, Odd Word Out, Analogies, Blood Relations, Proposition, Direction Sense, Assumptions, Puzzles, Binary Logic, Clock and Calendars, Sets and Caselets, etc.

Quantitative Aptitude: Geometry, Trigonometry, Algebra, Mensuration, Partnership (Accounts), Profit and Loss, Mean, mode, median, Ratio and Proportion, In-Equations, Quadratic and Linear equations, Surds and Indices, Time-Speed-Distance, Number System, Geometric Progression, Binomial theorem, Inequalities, Work and Time, Percentage, Logarithms, Square Root and Cube Root, Probability and Simple Interest and Compound Interest.

Verbal Ability and Reading Comprehension: Reading comprehension, selling/appropriate usage, fill in the banks, para jumbles, vocabulary, antonyms and synonyms, error correction, sentence completion and word arrangement, grammar, one-word substituting and verbal ability.

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Q:   How to prepare for CAT exam?

A: 

A well-balanced approach is essential for success in the CAT exam, aspirants must be aware. Six to eight hours of daily study time must be included in the CAT 2024 preparation schedule. Working professionals must set aside at least four hours each day and eight hours on weekends for preparation. You must concentrate on the most crucial subjects that will help you earn good marks during the last stage of exam preparation. See the generic CAT exam preparation technique listed below, which any applicant can use to create a comprehensive study schedule.

Step 1: Carefully review the CAT 2024 syllabus and comprehend the CAT exam pattern 2024.

Step 2: Obtain  CAT books and other suggested literature.

Step 3: Join online MBA study groups on sites like Facebook, WhatsApp, Quora, YouTube, and Telegram.

Step 4: Create a monthly schedule, a weekly schedule, and a daily schedule.

Step 5: For the best outcomes, follow the timetable and preparation plan for the CAT.

To Read More: How to prepare for CAT entrance exam?

Q:   What is the difficulty level of MAH MBA CET?

A: 

MAH MBA CET is a moderately difficult exam. It’s difficulty level is lower than CAT but higher than MAT or ATMA. A major factor that makes MAH CET a difficult test to crack is that the questions are presented in random order and sectional weightage vary in every slot. So, candidates cannot anticipate or plan how many and which type of questions to get to their target score.

Also, the MAH MBA CET is dominated by Logical Reasoning questions and there are comparatively less Quantitative Aptitude questions. Since, there is no set pattern, candidates cannot pre-plan. They need to make a strategy and implement it as soon as they see the question paper. So, those who can think on their feet and can crack the exam better than others.

Q:   Which city has the largest number of MBA colleges in Mumbai?

A: 

Pune has the largest number of MBA colleges, i.e. 258 which include National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.

The distribution of Mumbai's MBA colleges by location is shown in the table below, along with the colleges' names and numbers:

Regions

Number/Names of Colleges

Pune

258 (National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.)

Nagpur

64 (IIM Nagpur, IMT Nagpur, Datta Meghe Institute of Management Studies, etc.)

Nashik

39 (Sandip Institute of Technology and Research Centre, MET League of Colleges, Bhujbal Knowledge City, Sandip University, etc.)

Ahmednagar

25 (Sanjivani College of Engineering, Amrutvahini College of Engineering, Global Institute of Management, etc.)

Aurangabad

22 (MGM Institute of Management and Research, Deogiri Institute of Engineering and Management, Dr. Babasaheb Ambedkar Marathwada University, etc.)

 

Q:   What job profiles are available to students after completing an MBA degree?

A: 

Hi, Following an MBA, the highest-paying jobs in India range in salary from INR 5 to 30 LPA. Following are some of the well-liked post-MBA career possibilities and their associated salaries:

MBA job profiles

Average salary (INR)

Finance Manager

17.3 LPA

Marketing Manager

12.5 LPA

Sales Manager

6.6 LPA

Human Resources Manager

12.1 LPA

Operations Manager

10.7 LPA

Product Manager

20.8 LPA

Data Analytics Manager

29.4 LPA

Digital Marketing Manager

11.8 LPA

NOTE: The above mentioned salaries has been taken from Ambitionbox, therefore it may vary in future.

 

Hope this information proves beneficial for you!!

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Q:   What are the top MBA colleges accepting MAH CET in Mumbai?

A: 

The table below shows the top MBA colleges accepting MAH CET in Mumbai along with their total tuition fees:

MBA CollegesTotal Tuition Fee
SBM NMIMS MumbaiINR 8 Lacs - INR 24 lakh
K J Somaiya Institute of ManagementINR 17 lakh
MET Institute of ManagementINR 3 lakh
Chetana's Institute of Management and ResearchINR 7 Lacs - INR 9 lakh
Universal AI UniversityINR 9 Lacs - INR 16 lakh

Q:   What are the top Online MBA colleges in Mumbai?

A: 

There are about 30+ Online MBA colleges in Mumbai. Some of them are mentioned below along with their tuition fees:

Online MBATuition Fee
SPJIMR MumbaiINR 10 lakh
Welingkar MumbaiINR 61,000 - INR 1 lakh
Amity University OnlineINR 2 Lacs - INR 3 lakh
Parul University OnlineINR 90,000
Online ManipalINR 3 Lacs - INR 6 lakh

Q:   What are the top distance MBA colleges in Mumbai?

A: 

The table below shows the top distance MBA colleges in Mumbai along with their total tuition fees:

College NamesTotal Tuition Fee
Institute of Distance and Open Learning, University INR 19,000 - INR 1 lakh
IIBMSINR 41,000 - INR 51,000
K. C. College of Management StudiesINR 8,000
MIT School of Distance Education, Navi MumbaiINR 37,000 - INR 68,000
Mumbai College of Hotel Management and Catering TechnologyINR 1 lakh

Q:   Is MBA course helpful in stock market?

A: 

Yes, an MBA course can be very helpful for a career in the stock market and finance in general. While an MBA doesn't focus solely on the stock market, it equips students with a range of skills and knowledge that are highly relevant in this field. Courses like MBA in Finance will help you gain insight about the stock market wherein you can learn about topics like financial analysis, portfolio analysis, corporate finance and strategic planning. 

While an MBA provides a solid foundation, it's important to note that practical experience, continuous learning, and staying updated with market trends are equally vital in the stock market.

 

 

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