Direct Admission in Top Mumbai MBA Colleges
Mumbai has around 125 MBA colleges offering admission through various MBA entrance exams. Tuition fees for the best MBA colleges in Mumbai range between Rs 2,25,000 to Rs 24,00,000. The best MBA colleges in Mumbai aim to train graduates to be adept at handling business and entrepreneurial matters in any field of business. MBA add great skill value to a candidate’s resume and the knowledge received can prove to be valuable for the graduate’s professional life. Best MBA college courses offer specialisations in numerous fields such as accounting, finance, marketing, operations, human resources, and strategy. Secure Direct Admission in Top Mumbai MBA Colleges right away!
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Top Mumbai MBA Colleges
Mumbai, the financial heart of India, boasts a stellar selection of MBA programs offered by prestigious institutions. There are a total of 4 top MBA colleges in Mumbai all of which are privately owned. CAT, CMAT, MAH CET, NMAT, XAT, etc. are some of the most accepting entrance exams in top MBA colleges in Mumbai. IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, KJ Somaiya Institute of Management, Welingkar Mumbai, etc. are some of the best MBA colleges in Mumbai.
Eligibility Criteria of Best MBA Colleges in Mumbai
· Candidates should have a bachelor’s degree from a recognised university or institution in any discipline.
· Many MBA colleges in Mumbai require candidates to have a valid score in a national or state-level management entrance exam. Common entrance exams include CAT, XAT, MAT, CMAT, MAH MBA CET, and NMAT.
· Candidates may need to fulfill any additional requirements specified by the college, such as appearing for group discussions (GD) and personal interviews (PI).
Popular Entrance Exams for Best MBA Colleges in Mumbai
· CAT (Common Admission Test) is conducted for 21 IIMs and 1000+ B-schools in India. The CAT exam syllabus is divided into three sections – Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
· MAT (Management Aptitude Test) is conducted in both offline (paper-based) and online (computer-based) modes. The exam consists of five sections: Language Comprehension, Mathematical Skills, Data Analysis & Sufficiency, Intelligence & Critical Reasoning, and Indian & Global Environment. Secure Direct Admission in Top Mumbai MBA Colleges right away!
· MAH MBA CET (Maharashtra Common Entrance Test) exam consists of multiple-choice questions (MCQs) and is conducted in online (computer-based) mode. The test assesses candidates’ abilities in areas such as Logical Reasoning, Abstract Reasoning, Quantitative Aptitude, Verbal Ability/Reading Comprehension, and Data Interpretation.
List of the Best MBA Colleges in Mumbai based on the NIRF Ranking 2023
|
College Name |
NIRF 2023 Score |
NIRF 2023 ranking |
|
National Institute of Industrial Engineering, Mumbai |
71.99 |
7 |
|
Indian Institute of Technology Bombay |
68.11 |
10 |
|
60.91 |
20 |
|
|
60.84 |
21 |
|
|
K J Somaiya Institute of Management Studies and Research |
52.14 |
45 |
|
Principal L N Welingkar Institute of Management Development and Research |
48.21 |
73 |
Best Private MBA Colleges in Mumbai
|
Private College Name |
Courses |
Fees |
|
MET Mumbai – MET Institute of Management, Mumbai |
MBA |
Rs. 2,25,000 |
|
SPJIMR, Mumbai |
PGDM |
Rs. 24,00,000 |
|
NAEMD Mumbai – National Academy of Event Management |
MBA Event Management and Public Relations |
NA |
|
WWI Mumbai – Whistling Woods International, Mumbai |
MBA Media and Entertainment |
Rs. 8,50,000 |
|
KJSIM – K J Somaiya Institute of Management, Mumbai |
MBA |
Rs. 13,13,00-Rs 20,77,000 |
Best MBA Colleges in Mumbai: Admission Process 2024
Best MBA colleges in Mumbai have a thorough admission process based on various MBA entrance exam scores. The admission process of these best MBA degree colleges in Mumbai may involve multiple rounds like WAT, GD and PI depending on the demand of the respective college. Secure Direct Admission in Top Mumbai MBA Colleges right away!
Listed below is the admission process for best MBA Colleges in Mumbai
|
College Names |
Admission Process |
|
JBIMS Mumbai |
JBIMS Mumbai Admissions based on valid scores in MAH CET, CAT, CMAT exams |
|
IIM Mumbai (NITIE) |
IIM Mumbai (NITIE) Admissions are based on CAT exam scores. |
|
SPJIMR, Mumbai |
SPJIMR, Mumbai Admissions are based on academic record, entrance test scores (CAT/ GMAT), relevance of work experience (if any), and performance in the two rounds of group interviews. |
|
KJSIMK-J Somaiya Institute of Management |
KJSIMK-J Somaiya Institute of Management Admissions are based on various criteria including CAT/ XAT/ NMAT/ GMAT/ CMAT Scores, Academic Profile, Group Discussion, Personal Interview, Written Ability Test, and Work Experience |
|
SJMSOM IIT Bombay |
SJMSOM IIT Bombay Admissions are offered based on performance in CAT exam, written ability test, and personal |
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Best MBA Colleges in Mumbai Placement-wise
As per the placement statistics, given below are the starting MBA salary packages of best MBA colleges in Mumbai and their top recruiters:
List of Best MBA Colleges in Mumbai Median Salary and Top Recruiters
|
Placement Links |
Median salary |
Top Recruiters |
|
IIM Mumbai (NITIE) Placements |
Rs. 31,00,000 |
Tata AIA Life Insurance, Tata AIG General, Edelweiss Financial Services, ETLI, Fidelity Investments, ICICI Bank |
|
SPJIMR, Mumbai Placements |
Rs. 30,50,000 |
Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, and Tata Administrative Services |
|
KJSIM Placements |
Rs. 10,25,000 |
Mercedes Benz, Raychem RPG, CISCO, Tata Capital, Goldman Sachs, Citi, Deloitte |
|
SJMSOM IIT Bombay Placements |
Rs. 25,76,000 |
Accenture, Amazon, Flipkart, Asian Paints, Deloitte, Godrej |
|
MET Mumbai Placements |
Rs. 6,50,000 |
Viacom 18, Reliance, Network 18, TV 9, Times of India, Zoom |
ROI of Best MBA Colleges in Mumbai
Return on Investment (ROI) in this case measures the advantage a student will receive if they enroll in a degree at a specific university for fees paid and MBA salary package offered. In simple words, it evaluates the candidate’s return on investment (MBA fees) while they were studying and the return (MBA placement) they receive.
The table below shows the best MBA degree colleges in Mumbai along with their total tuition fees and annual average package:
|
College Name |
Total Tuition Fee |
Annual Average Package |
|
NMIMS School of Business Management MBA |
INR 20 lakh |
INR 26.63 LPA |
|
SPJIMR MBA |
INR 24 lakh |
INR 33 LPA |
|
Welingkar Mumbai MBA |
INR 14 lakh |
INR 12.94 LPA |
|
K J Somaiya Institute of Management MBA |
INR 17.28 lakh |
INR 12.32 LPA |
Best MBA Colleges in Mumbai: Cut-off Ranking 2023
Candidates need to take various entrance exams as required by their institutions to be offered admission to best MBA programmes in Mumbai.
Listed below are the cut-off ranks of best MBA colleges in Mumbai for 2023
|
Colleges |
Exam |
Rank/Percentile |
|
JBIMS Mumbai |
MAH CET, CAT |
95 percentile and above in MAH CET 93 percentile in CAT |
|
IIM Mumbai (NITIE) |
CAT |
85 percentile in CAT |
|
SPJIMR Mumbai |
CAT |
85 percentile and above |
|
KJ Somaiya Institute of Management Studies |
CAT |
83+ Percentile and above |
|
SJMSOM IIT |
CAT |
75 Percentile and above |
Direct Admission in Top Mumbai MBA Colleges
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