Top MBA Colleges in Mumbai, Fees, Cut Off, Average Package

by Rishabh Sethi Tue 11 Jun 2024 05:12 PM 77

MBA Colleges In Mumbai: Pursuing an MBA in Mumbai provides access to India's vibrant economic landscape. Mumbai, India's financial hub, is home to a diverse range of businesses, from international giants to growing startups. This broad ecosystem provides a great environment for MBA students. This will help them immensely in real-world business settings, learning about numerous industries and market dynamics.

Mumbai's prominence as a worldwide financial center provides access to a variety of networking possibilities, including connections with industry leaders and possible employment. On top of this, the pleasant climate acts as the cherry on top.

Beyond academics, studying in Mumbai offers a rich cultural experience. The city's vibrant and cosmopolitan atmosphere promotes variety by bringing together people from various backgrounds and cultures. This cultural melting pot not only improves the overall learning experience, but it also fosters a global attitude in MBA students, which is critical for navigating the interconnected world of business.

Mumbai's rich legacy and vibrant lifestyle provide several chances for personal development, discovery, and enrichment outside of the classroom. Not only this, Mumbai is host to a safer and more inclusive culture as compared to the rest of India.

Top 15 MBA Colleges in Mumbai

Mumbai is an attractive option not only for its culture and opportunities but also for the opportunities with regards to education. It is host to a bustling lifestyle, a vast range of companies and a range of tier-1 MBA institutes.

NameFeesExam AcceptedCutoffsAverage Package
IIM Mumbai22 LCAT98+27.75 LPA
Jamnalal Bajaj Institute of Management Studies (JBIMS)6LMAHCET/ CMAT/ CAT99.5+28.02 LPA
IIT Bombay (SJMSOM)14.5 LCAT98+28.88 LPA
S P Jain Institute of Management and Research24 LCAT / GMAT93 + (profile based)33 LPA
Narsee Monjee Institute of Management Studies (NMIMS)24 LNMAT240+26.63 LPA
Prin. L. N. Welingkar Institute of Management Development & Research (WE School)14 LCAT / XAT / GMAT / ATMA / CMATCAT - 75 +12.49 LPA
K. J. Somaiya Institute of Management Studies and Research (SIMSR)20 LCAT/ XAT/ CMAT/ NMAT/ GMATCAT- 85+13.2 L
N. L. Dalmia Institute of Management Studies and Research16.2 LMAT/ XAT/ CAT/ CMAT/ ATMA/ MAHCET/ MHT CETCMAT - 85+14 LPA (Top 10%)
ITM Business School11.9 LMAT/ XAT/ CAT/ NMAT/ CMAT/ ATMA/ MAH CETCAT - 75+8.7 LPA
SDA Bocconi Asia Centre19.4 LCAT/ NMAT/ GRE/ GMATNMAT - 200+14.3 LPA
Chetana's Institute of Management and Research (MMS)2.2 LCAT/ XAT/ MAT/ CMAT/ MAH CET/ ATMA

XAT - 60

CMAT - 80

6 LPA (median)
Lala Lajpatrai Institute of Management (LLIM)1.5 LMAT/ XAT/ CAT/ CMAT/ ATMA/ MAH CETCAT - 65+5.5 LPA
Rizvi Institute of Management Studies and Research3.8 LMAT/ XAT/ CAT/ CMATA/ TMA/ MAH CETCAT - 60+5 LPA

Tier-1 MBA Colleges in Mumbai

Mumbai is no stranger to Tier-1 colleges. In fact, we can safely say that Mumbai hosts the maximum number of top-tier colleges in the country.

1. IIM Mumbai

NITIE - National Institute of Industrial Engineering - was one of the top colleges for an MBA degree in the country. Last year, it was given an IIM status and now boasts of being IIM Mumbai. Established in 1963, IIM Mumbai is one of the Old IIMs and ranked 7 by NIRF. The institute also has a robust alumni network which provides valuable guidance and career opportunities.

NameAverage FeesExam AcceptedCutoffsAverage Package
IIM Mumbai*22 LCAT98+27.75 LPA

2. JBIMS - Jamanalal Bajaj Institute of Management Studies

Dubbed as the "CEO Factory of India" - JBIMS, undoubtedly, boasts of the alumini network more than anything else. This is despite the fact that an MBA from this college costs just 6L - while an average MBA college of this stature demands around 23L. Further, it is amongst a selective number of colleges that offers an MSc in Finance. The college has an industry-relevant curriculum while having a top-tier faculty. The only problem, however, is the high reservation here. For General students who are not a Maharashtra domicile, getting a seat in this college can prove tougher than getting an entry into IIM A.

NameAverage FeesExam AcceptedCutoffsAverage Package
Jamnalal Bajaj Institute of Management Studies (JBIMS)6LMAHCET/ CMAT/ CAT99.5+28.02 LPA

3. Shailesh J Mehta School of Management (IIT Bombay)

IIT Bombay is undoubtedly, the best option if you wish to do an MBA from an IIT. The benefit of this college is that it offers great exposure, has an incredible amount of brand value aur hosts a large number of companies for placements every year. Also, because it is an IIT, the fee is much lower while placements still remain highly competitive.

NameAverage FeesExam AcceptedCutoffsAverage Package
IIT Bombay (SJMSOM)14.5 LCAT98+28.88 LPA

4. SP Jain Institute of Management and Research

SPJIMR is one the best institutes in the country at the moment. The institute was ranked #1 (Above IIM A) by Financial Times, 2023. The benefit that this college offers is that it gives a lot of weightage to your profile. If you have showed leadership skills in the past and have significant achievements - you can get into the college even with a low CAT %ile. It also has exchange program tie-ups with reputed global universities such as Cornell.

NameAverage FeesExam AcceptedCutoffsAverage Package
S P Jain Institute of Management and Research24 LCAT / GMAT93 + (profile based)33 LPA

5. Narsee Monjee Institute of Management Studies (NMIMS)

The Narsee Monjee Institute of Management Studies (NMIMS) is a notable Indian university renowned for its management education. NMIMS, established in 1981, provides a variety of undergraduate and postgraduate programmes that provide a balance of academic rigour and practical experience. NMIMS, known for its industrial contacts and creative curriculum, is frequently ranked as one of India's top business schools. Its thriving campus culture and dedicated instructors make it a magnet for aspiring leaders and entrepreneurs.

NameAverage FeesExam AcceptedCutoffsAverage Package
Narsee Monjee Institute of Management Studies (NMIMS)24 LNMAT240+26.63 LPA
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