6 Best MBA Colleges in Mumbai

Mumbai has some of the most well known companies situated here. It makes the perfect place to secure internships and jobs in the most established institutions while studying in the city. So if you’re looking for an MBA and have decided to complete your MBA in Mumbai, that’s great! Mumbai is home to some of the leading B-Schools in India. Here’s a guide that will help you make a decision! Let’s take a look at the best MBA colleges in Mumbai.

1. JBIMS (Jamnalal Bajaj Institute of Management Studies)

Jamnalal Bajaj Institute of Management Studies is a Management school under the University of Mumbai, located in Churchgate. It is often known as CEO Factory. It has consistently been ranked among the top 10 business schools in India and is definitely one of the best MBA Colleges in Mumbai. JBIMS has a strong alumni network including Ajay Piramal, Uday Kotak and many others. It has small batches that implies much more focus on students and great placements. Its fees are relatively lower as compared to other business schools and a great ROI. It does not have hostel facilities but accommodations can be easily found in the vicinity. 

Total Fees: 6L
Cut off: 99.98 percentile
Average CTC: 19L
Notable Alumni: Ajay Piramal, Uday Kotak, Vinita Bali

2. SPJIMR (SP Jain Institute of Management and Research)

SP Jain Institute of Management and Research is a private business school, located in Andheri West. It was ranked 4th among all B-Schools in India, in 2019 by Business today. They have great in-house faculty as well as frequent guest lectures from industry professionals. It has a diverse crowd and students coming from different backgrounds that really generates a great mix for a learning atmosphere. The campus houses a well facilitated hostel, a well equipped library and has great placement opportunities. The locality, Andheri West is great and one will be able to find housing around easily along with loads of eateries.

Fees: 18L
Cut off: 95 percentile
Average CTC: 18L
Notable Alumni: Rajesh Jejurikar, Mahesh Madhavan

3. NMIMS (Narsee Monjee Institute of Management Studies)

Narsee Monjee Institute of Management Studies is a private institute located in Vile Parle. The college has great faculty and includes industry experts. It has one of the best infrastructure with a huge library, air conditioned classrooms and other facilities. It has a hostel and accommodation can be found around the college easily too. They have a lot of cultural activities and committees you can be a part of. They have great placements with renowned brands and their intake is roughly around 500 students 

Fees: 18L
Cut off: 209 (NMAT)
Average CTC: 16L
Notable Alumni: Avani Davda, Raghu Iyer, Arvind Nanda

4. NITIE (National Institute of Industrial Engineering)

National Institute of Industrial Engineering is located in Powai and is a Public Business School. It is an institute only for engineers. They have knowledgeable and experienced faculty and a great campus. They have an on campus hostel and have well equipped facilities. Almost all the students studying here secure internships and placements in reputed companies. They have cultural events and fests organized that promote extra curricular development. It has an alumni network that provides opportunities to students. It is a great place to be in especially if interested in Supply Chain and is one of the best MBA colleges in Mumbai for engineers.

Fees: 8L
Cut off: 98 percentile
Average CTC: 18L
Notable Alumni: Vivek Sarabhai, Rakesh Agarwal, Akhilesh Tuteja

5. SJMSOM, (Shailesh J Mehta School of Management- IIT BOMBAY)

Shailesh J Mehta School of Management is a Public Business School and a part of IIT Bombay, located in Powai. The school is named after an alumni. It ranks well among the Management schools in India. They have expert faculty and maintain a good faculty to student ratio of around 1:10. They gave various clubs and fests that students can be a part of and it makes for a great experience. Their placement rates are high and Wipro and Dell are some of the well known companies hiring students. They have hostel accommodations along with other facilities. The ROI is great and students are given sufficient industry exposure and enriching guest lectures.

Fees: 9L
Cut off: 98 percentile
Average CTC: 18L

6. TISS (Tata Institute of Social Science)

Tata Institute of Social Media is a public University and is a multi campus located in Deonar. It is important to note that TISS offers MA degrees which are equivalent to MBA degrees and are some of the best offered. Its HR program is one of the most reputed and must be considered by anyone wanting to join the field. TISS offer a diverse and knowledgeable faculty with great industry experience. They have a hostel, provide good facilities, and also have renowned alumni always ready to help and offer great placements. If Human Resources or Labour Relations is what you’re interested in, the MA offered at TISS is one of the best.

Fees: 1.5L
Cut off: 76 (TISSNET)
Average CTC: 18L
Notable Alumni: Adil Malia, Rani Desai, Ranjay Radhakrishnan

All the above listed institutes are some of the best B-Schools Mumbai has to offer. Along with having great faculty and placements, they’re situated in India’s Financial Capital which makes them even more ideal. Spending 2 years in Mumbai while completing your MBA will get you ready to step prepared into the professional world. So if you’ve made up your mind and are looking forward to pursuing an MBA degree, the mentioned 6 are definitely the best MBA colleges in Mumbai.

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