MBA in Mumbai: Mumbai (formerly called Bombay) is a densely populated city on India’s west coast., has gradually become one of the most preferred places to pursue an MBA. Due to its advantageous location, high-quality facilities, and closeness to many large companies, Mumbai is a great environment for business education. This blog is dedicated to exploring the facets of doing MBA colleges in Mumbai without entrance exam with regards to the costs, best colleges, MBA without CAT, government MBA, and college-wise fee structures.
Why should one choose Mumbai for an MBA?
The factors that make Mumbai an ideal place for education include its infrastructure, connectivity, and rapid growth in business and commerce. The educational institutions of the city have very good academic reputation strong relations with industries and a wide curriculum to meet the requirements of the competitive world. MBA in Mumbai with low fees not only offers good education but also has good employment opportunities as there are many multinationals and start-ups in and around the city.
MBA in Mumbai fee structure
Another major factor is the MBA in Mumbai fee structure, which is among the biggest considerations when applying for MBA programs. Thankfully, Mumbai has some affordable fee MBA options available for learners. These institutions enable one to get a good quality education and at the same time, the fees are affordable to the students. The availability of affordable MBA colleges in Mumbai without an entrance exam means that more students can cope with upgraded business knowledge and better job opportunities without overwhelming loan balances.
Most Popular MBA Colleges in Mumbai
It is also important to select the right MBA in Mumbai with low fees and Mumbai has some of the pioneer institutions recognized for knowledge delivery, quality teachers, and industry links. The Top MBA colleges in Mumbai with fee structure are quite popular and well known for good placement policies, all-round courses, and better infrastructure. These colleges enable students to develop managerial skills that will help them advance to leadership positions in organizations.
Popular Entrance Exams for Best MBA Colleges in Mumbai
CAT: In India, the Common Admission Test (CAT) is administered to over 1000 B-schools and 21 IIMs. The three sections of the CAT exam syllabus are Quantitative Aptitude, Data Interpretation and Logical Reasoning, and Verbal Ability and Reading Comprehension.
MAT: The Management Aptitude Test (MAT) is administered online via a computer and offline via paper. Language comprehension, mathematical skills, data analysis and sufficiency, intelligence and critical reasoning, and Indian and global environment are the five sections that make up the exam.
MAH CET: The Maharashtra Common Entrance Test, also known as the MAH MBA CET, is an online computer-based exam with multiple-choice questions (MCQs). Candidates' skills in logical reasoning, abstract reasoning, quantitative aptitude, verbal ability/reading comprehension, and data interpretation are evaluated on the test.
MBA Colleges in Mumbai without Entrance Exam
First of all, the stream of entrance examinations cools the enthusiasm of many students. However, there are Top MBA colleges in Mumbai with fee structure that do not require any entrance examination and therefore provide an opportunity to undertake an MBA program. Such institutions often have their standard of admission that encompasses performance, group discussions, and individual interviews among others. This flexibility benefits the students who want to achieve their MBA goals by eliminating the pressure of exams making business education even easier.
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S.No
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MBA College
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Fees
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1
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MKES - Institute Of Management Studies and Research
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9 Lakh
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2
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Tata Institute of Social Sciences (TISS)
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0.96 Lakh
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3
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Garware Institute of Career Education and Development (GICED)
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1.0 Lakh
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4
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Anjuman-I-Islams Allana Institute of Management Studies (AIAIMS)
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1.20 Lakh
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5
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Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
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1.36 Lakh
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6
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Jankidevi Bajaj Institute of Management Studies (JDBIMS)
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1.70 Lakh
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7
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A.C. Patil College of Engineering
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1.82 Lakh
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8
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Maratha Mandir Babasaheb Gawde Institute of Management Sciences
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2.0 Lakh
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9
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H.K. Institute of Management Studies and Research
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2.03 Lakh
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MBA in Mumbai Fee Structure
Tuition fees for MBA in Mumbai with low fees differ based on the academic institution, concentration area, and other amenities included. Altogether, the fees can be assessed as moderate – high due to the great variety of options. For example, some of the areas of study may charge lower fees for tuition but attract other incidental charges such as textbooks, retreats, and site visits. On the other hand, if an institution demands a higher fee then it usually provides a variety of amenities, exposure to international standards, and very good placement facilities.
Reasons for Pursuing an MBA in Mumbai
- Strategic Location: Mumbai is well connected to Delhi and other major cities which can be advantageous for business education. It provides students with the opportunity to easily engage with the city for internships, course projects, and employment.
- Diverse Specializations: MBA in Mumbai with low fees provides programs with various areas of concentrations, including core areas of finance, marketing, and emerging fields in data analytics and digital marketing.
- Industry Integration: Considering that many corporate offices and industries are located in Mumbai, it offers numerous possibilities for interaction, internships, and placements.
- Modern Infrastructure: They have adequate and resourceful library services, well-designed, comfortable, and digital classrooms together with adequate well-equipped research facilities.
Challenges and Considerations
However, some disadvantages should be considered about pursuing an MBA in Mumbai with low fees. The cost of living in Mumbai is comparatively lower than that of Delhi but is relatively high for outstation students. However, due to the competition, students have to take the opportunities as well as work hard to benefit from them.
Some Useful Guidelines to Select the Right MBA College in Mumbai
- Accreditation and Recognition: Check that the college receives accreditation from the right authorities and is acknowledged for providing quality education.
- Placement Record: Find out how well the college has done in placement, and the kind of organizations that visit the college for recruitment.
- Alumni Network: It’s good to have a strong alumni base to turn to for support and opportunities for one’s career.
- Specializations Offered: Select a Top 10 MBA colleges in Mumbai which offers your choice of specialization.
- Campus Facilities: Visit the library, laboratories, and accommodation or housing and if possible any other facilities you need on the campus to ensure that they are satisfactory.
MBA in Mumbai eligibility
Individual MBA colleges in Mumbai have their own eligibility criteria. Nevertheless, most colleges in Mumbai have the following basic eligibility criteria to shortlist applicants for MBA admissions:
- Students must have completed a bachelor’s degree or equivalent education qualification in any discipline from a recognised university of India.
- A valid score on MBA entrance tests like CAT, XAT, MAHCET, CMAT, etc., is also a need in most MBA colleges in Mumbai.
- Candidates have to secure at least 50 % collective score or equivalent CGPA in the qualifying exam.
- Reserved category (SC/ST.OBC) candidates have to secure at least of 45% marks or equivalent CGPA in their bachelor’s degree examination to be eligible for admission to MBA colleges in Mumbai.
Best MBA Colleges in Mumbai: Admission Process 2024
Best MBA colleges in Mumbai have an admission process based on many MBA entrance exam scores. The admission process of these best MBA degree colleges in Mumbai, Maharashtra may involve many rounds like WAT, GD and PI depending on the demand of that particular college.
Listed below is the admission process for best MBA Colleges in Mumbai
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College Names
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Admission Process
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MKES IMSR Mumbai
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Admissions in MKES IMSR Mumbai based on valid scores in MAH CET, MAT, CAT, and CMAT exams.
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JBIMS Mumbai
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Admissions in JBIMS Mumbai are take place on the based of valid scores in MAH CET, CAT, and CMAT exams.
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IIM Mumbai (NITIE)
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Admissions in IIM Mumbai (NITIE) are based on CAT exam scores 2024.
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SPJIMR, Mumbai
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SPJIMR Mumbai accept CAT and MAT exam scores, two rounds of group interviews are taken into consideration when making an admissions decision.
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KJSIMK-J Somaiya Institute of Management
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Somaiya Institute of Management, KJSIMK-J A number of aspects are taken into deliberation when making admissions decisions, such as work experience, academic profile, written aptitude test, group discussion, CAT, XAT, NMAT, GMAT, and CMAT scores.
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SJMSOM IIT Bombay
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Admissions in SJMSOM IIT Bombay are offered based on scores in CAT exam, written ability test, and personal interview.
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Top 10 Government MBA Colleges in Mumbai
There are several Government MBA Colleges in Mumbai that are also known for their quality education, faculty experience, and relatively low fees when compared to the private MBA colleges in Mumbai without entrance exams. These colleges depend mainly on state grants to make the fees pocket-friendly even as they deliver quality education. Government MBA Colleges in Mumbai also provide a wide range of specializations and are tough in admission selection, so only committed and qualified students will be admitted.
Table given below is the list of the top 10 MBA colleges in Mumbai along with course average annual fees:
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Name of the College
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Average Annual Fees
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Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
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INR 4,91,000
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National Institute of Industrial Engineering - [NITIE], Mumbai
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INR 7,03,000
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IIT Bombay - Indian Institute of Technology - [IITB], Mumbai
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INR 50,000
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Mumbai University - [MU], Mumbai
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INR 55,000
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Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai
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INR 1,00,905
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Hansraj Jivandas College of Education, Mumbai
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INR 6,600
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Vikas Night College of Arts Science and Commerce, Mumbai
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-
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Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai
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INR 1,99,000
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Institute of Distance & Open Learning
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INR 17,625 (Total Fees)
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National Institute of Securities Market
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INR 3,10,000
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Top MBA Colleges in Mumbai with NIRF Ranking 2023
NIRF is the National Institutional Ranking Framework, a centralised ranking system that judge’s Colleges and Universities across India based on different parameters. The rankings provide valuable insights for applicants who are looking for best mba colleges in Mumbai and other parts of India, parents, and policymakers to make informed decisions regarding higher education institutions.
Table given below are the top MBA colleges in Mumbai with their NIRF ranking 2023:
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NIRF Ranking 2023
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MBA Colleges in Mumbai
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NIRF Score
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7
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National Institute of Industrial Engineering, Mumbai
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71.99
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10
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Indian Institute of Technology Bombay
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68.11
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20
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S.P. Jain Institute of Management & Research
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60.91
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21
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SVKM`s Narsee Monjee Institute of Management Studies
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60.84
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45
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K J Somaiya Institute of Management Studies and Research
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52.14
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73
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Principal L N Welingkar Institute of Management Development and Research
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48.21
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Top 10 MBA colleges in Mumbai with low fees
The fee structure of different MBA classes is therefore important to consider when choosing an MBA program. These Top 10 MBA colleges in Mumbai with low fees and that too explained minutely to help the students in a better way. These institutions provide tuition fee structures, other charges, and payment plans to enable students to choose wisely. Being aware of the fee structure enables the students to budget and manage their finances properly as they pursue their MBA.
Apart from receiving quality education at cheap prices, the annual fee of the Top MBA colleges in Mumbai with fee structure makes it one of the best investments in the future. These institutions offer quality education with effective teaching methods for the necessary practical lessons besides offering internships at fair charges. Students can get value for their money by receiving an excellent education that enables them to prepare for the challenges in the business sector.
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MBA colleges
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Fees (In Lakh)
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Indian Institute of Technology, Bombay (IIT-B SJMSOM) (MBA)
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INR 16.00
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Jamnalal Bajaj Institute of Management Studies (JBIMS) (MMS)
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INR 9.00
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Tata Institute of Social Sciences, Mumbai (TISS) (HRM)
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INR 2.07
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Jio Institute – PGP in AI&DS Programme
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INR 9.75
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SIMSREE Mumbai – MMS
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INR 4.38
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NL Dalmia Institute of Management Studies and Research (PGDM)
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INR 14.70
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SIES School of Business Studies (PGDM Core + Biotech + Pharma + MMS)
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INR 12.00
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Aditya Institute of Management Studies and Research (AIMSR)- INR 7.90
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INR 7.90
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Shreemati Nathibai Damodar Thackersey Women’s University (SNDT)
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INR 1.02
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Chetana’s Institute of Management and Research (CIMR)
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INR 9.0
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Xavier Institute of Management and Research
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INR 5.56
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MET Institute of Post Graduate Diploma in Management
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INR 11.05
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Mumbai University
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INR 50,000
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Top 10 MBA colleges in Mumbai with low fees
Candidates looking for the Top 10 MBA colleges in Mumbai with low fees will find that these colleges provide excellent education without breaking the budget. These universities frequently offer thorough MBA programs addressing fundamental management and business concepts, ensuring students are ready for the corporate world. Due to their affordability, more students can pursue advanced business education, as these institutions are more widely accessible. They also frequently provide extensive placement support and industry connections, which helps graduates, land good jobs without the financial burden that comes with a college diploma.
MKES - Institute Of Management Studies and Research
Key Highlights:
- Located in Mumbai, affiliated with the University of Mumbai.
- Offers affordable MBA programs with a strong emphasis on academic rigor and practical learning.
- Well-qualified faculty members with industry experience and academic expertise.
- Modern infrastructure and state-of-the-art facilities to support learning and research activities.
- Active placement cell providing assistance for placements in reputed companies.
- Strong industry connections and corporate collaborations for practical exposure and internships.
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Key Highlights:
- One of the oldest and most reputed business schools in India.
- Excellent placement records with strong industry connections.
- Low fees compared to other top-tier MBA colleges.
- Offers diverse specializations and rigorous academic curriculum.
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
Key Highlights:
- Affiliated to the University of Mumbai, known for quality education.
- Provides good placement opportunities across various sectors.
- Strong focus on research and entrepreneurship education.
- Moderately priced MBA programs compared to other private institutions.
J. Somaiya Institute of Management Studies and Research
Key Highlights:
- Offers affordable MBA programs with good industry exposure.
- Well-equipped campus and infrastructure conducive to learning.
- Active placement cell facilitating placements in reputed companies.
- Emphasis on holistic development through various co-curricular activities.
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai campus
Key Highlights:
- Offers a range of MBA programs with varying fees, some of which are relatively lower.
- Strong corporate connect and placement opportunities.
- Known for quality faculty and rigorous academic environment.
- Active student-driven clubs and committees enhancing overall learning experience.
Welingkar Institute of Management Development and Research (WeSchool)
Key Highlights:
- Known for innovative pedagogy and industry-relevant curriculum.
- Affordable MBA programs with specialization options.
- Strong alumni network and placement support.
- Emphasis on entrepreneurship and leadership development.
IES Management College and Research Centre
Key Highlights:
- Offers cost-effective MBA programs with good ROI.
- Focus on industry-oriented curriculum and practical exposure.
- Placement assistance with reputed companies across sectors.
- Active participation in management events and competitions.
Lala Lajpat Rai Institute of Management (LLIM)
Key Highlights:
- Provides MBA programs at a relatively lower cost compared to other private institutes.
- Focus on holistic development through workshops and seminars.
- Strong ties with industry and placement assistance.
- Student-centric approach with emphasis on personal growth and career readiness.
Chetana's Institute of Management and Research
Key Highlights:
- Known for its affordable MBA programs and quality education.
- Industry-relevant curriculum with practical learning opportunities.
- Active placement cell with good track record of placements.
- Strong emphasis on ethics, values, and leadership development.
MET Institute of Management
Key Highlights:
- Offers MBA programs with reasonable fees and modern infrastructure.
- Focus on industry interactions and practical learning.
- Placement support with opportunities in diverse sectors.
- Active participation in research and management events.
Indian Education Society's Management College and Research Centre (IES MCRC)
Key Highlights:
- Provides MBA programs with moderate fees and good placement support.
- Emphasis on holistic development through extracurricular activities.
- Strong industry interface and corporate collaborations.
- Focus on grooming future leaders with practical skills and knowledge.
Conclusion
Mumbai has emerged as one of the most vibrant and evolving cities of education, especially for MBA students. From affordable tuition fees to better rankings, or more admission requirements, it is evident that every MBA aspirant will always find a place in Mumbai.
Answer:Thus while selecting an MBA in Mumbai with low fees it becomes extremely important to gauge the fee structure, the credibility of the institution, placement statistics, and the subsequent ROI. If you pay good attention to these factors, it is not very hard to find an affordable program that can help you move towards a good career in business management.
MBA in Mumbai FAQs
Question: What is the cost of doing MBA in Mumbai?
Answer:Depending on the college, the average annual cost to pursue an MBA or PGDM programme at one of Mumbai's best MBA College can range from INR 50,000 to INR 30,00,000.
Question: How long is MBA in Mumbai?
Answer:It is a two-year full-time programme divided in six semester leading to the degree in Master of Business Administration.
Question: How much percentage is required for MBA in Mumbai?
Answer:For general category students, most colleges want at least aggregate of 50% from the bachelor's program. Reserved category students typically need 45% minimum.
Question: Is it worth doing an MBA in Mumbai?
Answer: One of the best MBA programs in India, worth it if you are searching for excellence education, to learn from industry leaders, and to research.
Question: Which MBA is high in demand?
Answer: Top 5 MBA Specialisations in the world are Business Analytics, Information Technology, Finance, Marketing, and Economics.