Graduating from the best MBA colleges in Mumbai is like taking a shortcut. A shortcut to the elite clubs of the startup world, that is. Coz if you’re gonna be the next big thing in business, you’ve got one helluva of a ride to cover. Sure, watching Shark Tank might provide you with the motivation to get you started. But only the top MBA colleges in Mumbai will get you the right tools to pitch to those investors, make ;em beg for the tiniest stake in your company, and set you up for success.
But hey, even if you’re less about building a startup and more about working in one (and earning the massive bucks!), we’ve got you covered. Because we know you’re in a short supply of time. Given you’re in that sweet spot between evolving from an undergrad kid and prepping for the real world by applying for an MBA degree. And that’s exactly why we did some research and compiled a list of the best MBA colleges in Mumbai for you. Cuz help is what we provide to young folks like you at our Stanza Living managed apartments. Our managed apartments come with professional housekeeping, a seamless wifi connection, and tons of other amenities. So you can focus on acing your academics without having to bother about household chores. Also, we even help you out with whatever you need. Be it suggestions for exploring a new city or compiling this list to help you make those important decisions in life. Now, the only thing left for you to do is bookmark this page, get those business ideas flowing and start working towards your dreams. Sounds like a plan, doesn’t it? Or actually, more like a B-plan, to be precise.
Top 10 MBA colleges in Mumbai lined up for you:
College |
Course Fees (INR) |
Exam Accepted |
Shailesh J Mehta School of Management |
8.3 L |
CAT |
SP Jain Institute of Management and Research |
19 L |
CAT, GMAT |
Jamnalal Bajaj Institute of Management Studies |
6 L |
CAT, CMAT, MAH CET |
Narsee Monjee Institute of Management Studies |
20.8L |
NMAT |
National Institute of Industrial Engineering |
14 L |
CAT |
Thakur Institute of Management Studies and Research |
1.2 L |
CAT |
Prin. L.N Welingkar Institute of Management Development Research |
13 L |
CAT, XAT, CMAT, GMAT, ATMA |
SIES College of Management Studies |
8.9 L |
CAT, XAT, MAT, MAH CET, XMAT |
Athena School of Management |
12 L |
XAT |
Alkesh Dinesh Mody Institute for financial and management studies |
2L |
CAT |
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SJMSOM is one of the top MBA colleges in Mumbai. They accept CAT and GMAT scores for students applying for Masters. And an IELTS score along with an SOP on the proposed area of research. Perfect for people who used to love writing essays in school. But unlike school, your SOP has to be significantly more ;eloquent’ than writing on ;Describe your first train journey’ or ;What is your favorite color?
SPJIMR is known for its mind-boggling placement rates. In fact, you’ll be surprised to know that 50% of their students get pre-placement offers every year. Basically, the top companies put their money on SPJIMR students even before they graduate. So think about it.
One of the best government MBA colleges in Mumbai, JBIMS is a hotspot for the top unicorn startups. Also, the institute is known for its stellar summer internship program. With the average stipend coming up to 70k per month. So unlike college kids at every other campus, the students at JBIMS do not owe large sums of money to their campus eatery lol.
Few colleges can match the reputation of NMIMS when it comes to the number of certifications and accreditations they’ve received. One of which is the ABET accreditation. Don’t know what that is? Well, it’s the educational equivalent of having an ISI mark on home appliances. The thing, without which, your mum wouldn’t even bother to hear the elaborate sales pitch of the store manager.
Although the name sounds like an engineering college, the NIIE offers a Masters in Business Administration degree. Also, the campus is home to a lot of student startups. Some of them are SalesPanda, Square Yards, and Darwin Tech. Basically, getting admitted to NIEE is not just about making like-minded friends who’ll stay for life, but meeting your future co-founders and COOs too.
The Thakur Institute of Management Studies and Research is one of the top MBA colleges in Mumbai. But fair warning, the institute is known for maintaining strict rules and deadlines. On top of it, their classrooms and labs have got biometric machines to mark attendance. So unlike your undergrads, you won’t be able to bribe your classmate to provide a proxy in your absence.
If studying abroad is what you have in mind after an MBA, then the Welingkar Institute is the perfect stepping stone for your ambitions. The college has international links with many, many foreign universities. So after passing out from Welingkar, you won’t have to spend a fortune on those agencies that help students study abroad. Just start absorbing the exposure during your course here, and you’ll be self-sufficient by the end of it.
The SIES College of Management Studies was ranked 13 by Times of India’s MBA rankings. And they’ve been approved by the famous NAAC group under B++ grade. So it’s interesting how the institutes that have you running around for good grades are themselves subject to harsh grading systems, right? Yes. Though kudos to the admins at SIES college for scoring a dope grade and leading their students by example.
Another sureshot member of this list, ASM is well-respected for making life easier for recruiters. In fact, their past recruiters have repeatedly mentioned that the students here are already well-groomed for the corporate world, and don’t need long training periods when they join companies. But given the college’s name is Athena (the Greek goddess of wisdom), we’re not so surprised that their students are well ahead of their peers.
The faculty at Alkesh Dinesh Mody Institute are not just about dumping a truckload of assignments on their students. They regularly hold doubt-solving classes to ensure nobody in the class lags behind, and weekly quizzes to help them revise previous chapters too. Sure, their name might sound like those three neighborhood kids you played gully cricket with, but when it comes to grooming their students, they pretty much hit the ball out of the park.
According to major rankings and educational websites, these are the best MBA colleges in Mumbai:
The average fees in the top MBA colleges in Mumbai range anywhere between 5 lakhs per annum to 25 lakhs per annum. And, though studying for an MBA degree is quite an expensive affair, the massive placement offers at these institutes more than makeup for your investment.
Yes, for sure. The city of dreams has plenty of good MBA colleges with an experienced faculty and staggering placement rates. On top of it, studying in Mumbai provides loads of exposure. All thanks to some of the top companies in the country with their headquarters stationed in the city.