MBA ( Masters in Business Administration) is an internationally recognized master’s degree designed to develop management skills required for careers in business. An MBA is also helpful for those pursuing a career in the management side of the public sector, government, and other areas. Most of the MBA subjects include core topics of economics, finance, operations, and marketing and also some other elective courses. Generally, people with work experience have more chance of getting admission into one of the best MBA colleges. There are several exams which one should qualify to gain admission to MBA college. Some of those exams include CAT ( Common Admission Test), GMAT ( Graduate Management Admission Test), IIFT( Indian Institute of Foreign Trade), SNAP (Symbiosis National Aptitude Test), etc. Here is the list of top 10 Best MBA colleges in Mumbai.
Top 10 MBA Colleges in Mumbai
#10 SIES COLLEGE OF MANAGEMENT STUDIES
Address: Sri Chandrasekarendra Saraswati Vidyapuram, Plot 1-E, Sector V, Nerul, Navi Mumbai, Maharashtra 400706
Entrance Exams: CAT, MAT, CMAT, MAH, CET scores
Courses Offered: PGDM, MMS
Phone: 022 6108 2400
Ratings: College Dunia – 4/5 | Careers360 – 3.9/5
SIES Mumbai is one of the oldest and one of the best MBA colleges in Mumbai, which defines excellence when it comes to studies. This college will accept students who have good CAT, MAT, CMAT, MAH, CET scores. It provides four different courses viz. PGDM( Post Graduate Diploma in Management), MMS ( Masters of Management Studies), PGDM( Pharmaceutical Management) and PGDM in Biotechnology Management. The tuition fees vary for different courses, starts from 400k per annum in MMS to 720k per annum in PGDM. It is located in Navi Mumbai.
#9 N.L. DALMIA INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH
Address: Srishti Rd, Sector 1, Mahajan Wadi, Mira Road East, Mumbai, Maharashtra 401104
Entrance Exams: CAT, XAT, MAT, MAH CET,
Courses Offered: PGDM, MMS
Phone: 022 4299 0033
Ratings: College Dunia – 4.5/5 | Careers360 – 4/5 | Just Dial – 4/5
NLDIMSR is among the premier Business schools in Mumbai, with the highest salary of 24 lacs, Avg Salary of 7 lacs attracts top companies such as HUL, Citigroup, HDFC group, KOTAK group, DE Shaw, Dara Shaw, ICICI group, Godrej group, Future group, L&T Finance, TCS, Infinity retails, etc. The Institute accepts CAT, XAT, MAT, MAH CET, CMAT & ATMA scores and offers specialization in Finance, Marketing and HR.
#8 S.P. JAIN SCHOOL OF GLOBAL MANAGEMENT
S.P. JAIN SCHOOL OF GLOBAL MANAGEMENT is a world-class b-school with campuses in Dubai, Mumbai, Singapore, and Sydney, with highest salary of 32.24lacs, Avg salary for the year 2018 is 19.65lacs, which attracts global companies like Microsoft, Deloitte, KPMG India, Heinz, etc. It offers two programs viz. MGB(Masters in Global Business) and GMBA ( GLobal Masters of Business Administration). It accepts CAT and GMAT scores.
#7 WELINGKAR INSTITUTE OF MANAGEMENT DEVELOPMENT AND RESEARCH
Address: Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019.
Entrance Exams: CAT, XAT, CMAT, MAH CET, ATMA, GMAT
Courses Offered: PGDM, PGDM(E-Biz), PGDM business Design, PGDM Research, and Business Analytics
Phone: 022 2419 8300
Ratings: Careers 360 – 4/5 | College Dunia – 4/5
Prin L N Welingkar Institute of Management Development and Research is one of the top business schools in India, located in Mumbai, with the highest salary of 21.29LPA and the average salary for the year 2019 is 7.99LPA. The tuition fee is around 11lacs. It offers seven different programmes viz. PGDM, PGDM(E-Biz), PGDM business Design, PGDM Research, and Business Analytics, PGDM Healthcare Management, PGDM Media & Entertainment, and PGDM Retail Management. It accepts CAT, XAT, CMAT, MAH CET, ATMA, GMAT scores for admissions.
#6 SHAILESH J MEHTA SCHOOL OF MANAGEMENT, MUMBAI
Address: Area, Powai, IIT, Mumbai, Maharashtra
Entrance Exams: CAT
Courses Offered: MMP and EMBA
Phone: 91 22 2576 7781
Ratings: Careers 360 – 4/5 | College Dunia – 3.5/5
To keep up with the changing environment and to make business leaders for the world, IIT Bombay establishes this management school in 1995 to transform technical professionals to business leaders. It is one of the oldest and top MBA colleges in Mumbai, having an Avg salary of 20.4LPA and highest salary for the year 2019 is 32.4LPA. The tuition fees cost around 830K, and it offers two programmes viz. MMP( Master of Management Program) and EMBA( Executive MBA). It accepts only CAT scores.
#5 SIMSR Mumbai – K J Somaiya Institute of Management Studies And Research
Address: Sarvodaya Buddh Vihar Marg, Vidyanagar, Vidya Vihar East, Ghatkopar East, Mumbai, Maharashtra 400077
Entrance Exams: CAT, XAT, CMAT
Courses Offered: PGDM in different branches, Masters in Management Studies and Computer Applications
Phone: 022 6728 3000
Ratings: Careers 360 – 4.1/5 | College Dunia – 4/5
SIMSR Mumbai, one of the oldest b-schools of India, came into existence in 1981 to produce leaders who are ready to face any challenge and provides relevant management education. It attracts top recruiters of India such as Google, HUL, GEP, HSBC, Amazon, Invesco, Crisil, Citi Bank, Morgan Stanley, Barclays, SAP, Deloitte, with an average package of 10LPA and highest package for the year 2019 is 30LPA. This is one of top 10 MBA Colleges in Mumbai that offers eight different programs from which students can choose a program as of their wish. The tuition fee costs around 13.70 lacs, and it accepts CAT, XAT, CMAT scores.
#4 Mumbai – National Institute of Industrial Engineering
Address: Vihar Lake Rd, Near The Residence Hotel, NITIE Admin Block, Powai, Mumbai, Maharashtra 400087
Entrance Exams: CAT
Courses Offered: PGDIM( Post Graduate Diploma in Industrial Management), Post Graduate Diploma in Industrial Engineering (PGDIE), Post Graduate Diploma in Project Management
Ratings: Careers 360 – 4.5/5 | College Dunia – 4.5/5
ITIE is one of the best business schools in the world for Industrial Engineering. It has decided to act as a driving force not only in the manufacturing sector but all dynamic sectors of the Indian economy. It helps people in meeting their current and future needs of INDIAN ECONOMY. It offers five different programmes related to Industrial Management viz. PGDIM( Post Graduate Diploma in Industrial Management), Post Graduate Diploma in Industrial Engineering (PGDIE), Post Graduate Diploma in Industrial Safety and Environmental Management (PGDISEM), Post Graduate Diploma in Project Management (PGDPM), Post Graduate Diploma in Manufacturing Management (PGDMM). The tuition fee ranges from 710K-810K. The average salary for the year 2019 is 19.77lacs and the highest package offered is 46.5LPA. It accepts students only with CAT scores.
#3 JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies
Address: 164, Backbay Reclamation, H.T. Parekh Marg, Churchgate, Churchgate, Mumbai, Maharashtra 400020
Entrance Exams: CAT, CMAT, MAH CET
Courses Offered: Masters in Management Studies-(MMS), Master in Human Resource Development & Management (MHRDM), Masters in Marketing Management
Phone: 022 2202 4133
Ratings: Careers 360 – 4.8/5 | College Dunia – 4/5
JBIMS Mumbai is commonly known as CEO factory of India; its large alumni base consists of mostly CEO’s and top executives across the globe in top-ranked companies. It is considered as one of the best MBA colleges in Mumbai. The average package is students is 18.91LPA and the highest package is around 30LPA. It provides five different management programmes viz, Masters in Management Studies-(MMS), Master in Human Resource Development & Management (MHRDM), Masters in Marketing Management, Master in Financial Management (MFM), Master in Information Management (MIM). The tuition fee is also less compared to other top b-schools. It costs around 6lacs only and CAT, CMAT, MAH CET scores are accepted. Top recruiters include Abbott, Aditya Birla Group, AkzoNobel, Arvind Brands, Capgemini, Citibank, DBS Bank, Goldman Sachs, HSBC, HUL, ICICI Bank, IDFC Bank, JP Morgan Chase, JSW, McKinsey & Company, Medtronic, P&G, Piramal, RBL, RIL, Standard Chartered, Tata Motors, Tata Steel, Vodafone.
#2 NMIMS Mumbai – School of Business Management, Narsee Monjee Institute of Management Studies – SBM
Address: V. L, Pherozeshah Mehta Rd, Navyug Society, Navpada, JVPD Scheme, Vile Parle West, Mumbai, Maharashtra 400056
Entrance Exams: NMAT
Courses Offered: All MBA Programmes
Phone: 022 4235 5555
Ratings: Careers 360 – 4.6/5 | College Dunia – 5/5
Established in 1981, SVKM’S NMIMS has become one of the top MBA colleges in India. The NMIMS Schools of Business Management is one of the highly ranked b-school of India. Located in Financial capital of India NMIMS is a multidisciplinary university. SBM-NMIMS shortlists student based on NMAT exam conducted by GMAC. The SBM-NMIMS offers a wide range of MBA programmes both in general management and specialized areas such as HR, Pharmaceutical, Finance, etc. The average package of NMIMS is 17.60LPA while the highest package is around 30.60LPA. Some of the top recruiters of NMIMS Mumbai include Bain, Cognizant, Deloitte, EY, KPMG, PwC, IBM, Microsoft, Goldman Sachs, JP Morgan, Bank of America, Credit Suisse, Accenture, Google, Amazon, Wipro. It costs nearly 19lacs to pursue MBA at NMIMS.
#1 SPJIMR Mumbai – SP Jain Institute of Management & Research
Address: Bhavan’s Campus Munshi Nagar | Dadabhai Road, Andheri West | Mumbai – 400 058, India
Entrance Exams: CAT and GMAT
Courses Offered: PGDM, PGPM, PGEMP, PGPFMB
Phone: 022 26237454
Ratings: Careers 360 – 5/5 | College Dunia – 4.8/5
SP JAIN Mumbai is one of the top MBA colleges in Mumbai. Having legacy of more than three and a half decades, it has well-established tie-ups with international universities, a large and well-placed alumni base of SPJAIN results in more number of placements with an average salary of 22.24lacs per annum. It is ranked 4th best b-school in India by Business Today. The PGDM programme fee is 16.25lacs. Top recruiters include Tata Administrative Services, Goldman Sachs, American Express, Citi, Barclays, McKinsey, HSBC IB, Boston Consulting Group, Bain & Company, EY, etc.
Choosing your MBA college is considered to be one of the toughest phases of life. We hear elders and experienced people giving us suggestions about what and how to choose the best. Experienced or not getting into these colleges does boost up your career in a lot of ways.
So what are you waiting for! Start enrolling if you are planning to get into the best.
Feel free to comment below, as the saying goes from one expert to another. Anytime open to suggestions.
So, what do you think about the list?