The discussion on the top 10 MBA colleges in Mumbai will remain incomplete if we do not talk enough about the course first. MBA is a course which has attracted quite a bit of student interest and all for the right reasons. Over the years, more and more students have developed a profound career in the management sector. The process to secure a position in the top MBA colleges in Mumbai is not herculean, however, a little stringent for sure.
There are no two ways that Mumbai houses some of the best MBA colleges in India. Besides private colleges, there are a few government institutions that have garnered positive feedback from the students. Admission to these colleges is determined by the all-India entrance exams. The results of this exam are used to determine which institutions are likely to accept you.
In some situations, the tests may be autonomous, and the institutions may conduct the exams themselves. The standards are the same, and your grades are a deciding element in your acceptance! Remember that once you’ve been accepted into one of the best top MBA colleges in Mumbai, you will be exposed to the most promising collection of knowledge. In most cases, these universities also offer a placement cell that finds the best career possibilities for you and assures that you don’t have to look for them elsewhere!
It is recommended that you spend some time evaluating numerous variables such as fee structure, placement record, infrastructure, degree option, cut off, and much more before shortlisting any colleges. Therefore, we’ve created an overview that will assist you to figure out which domains you need to prioritize when it comes to shortlisting MBA colleges in Mumbai.
Why Should You Pursue MBA In Mumbai?
You might be wondering that when there are so many other metro cities in the country, why is it so that we are stressing just upon Mumbai? Is it only because they have the best MBA colleges in Mumbai or is it more than one factor that plays a pivotal role in this respect? It is primarily the factor that we have tried to analyze and make sure that students understand why Mumbai makes up for such a great choice when it comes to pursuing a course in MBA.
It is always preferred that not only the status of the college but individuals also weigh in a myriad of other factors so that the choice can be better. Factors like the environment of the city, facilities available and other pertaining things have a say in the decision. Some of the major factors which are favorable for choosing Mumbai and moving forth with the top 10 MBA colleges in Mumbai are:
Safety:
For a student to go on with higher studies and ensure that the result is good enough, it is essential to foster that kind of environment as well. A city has to be safe, and hence the students will feel that they are secured in the setting for enhanced productivity. Harmony is one factor that is never compromised in the city of Mumbai and people are quite helpful. As students, it would not be too difficult to travel and settle in the city for a better experience and pursue the degree of MBA.
Cost Of Living:
Another factor that has to be paid attention to when it comes to finding the top MBA colleges in Mumbai is the cost-of-living factor. The cost of living has to be apt enough so that the students can sustain themselves easily. There are cities where the cost of living is too high, and hence it becomes challenging for them to move forth and carry on with their studies. This is where the economic burden rises manifold, and the students feel that they are not getting the best. Hence, you must rely on an option like Mumbai where not only do you get access to the best MBA colleges in Mumbai, but the approach is also pocket-friendly and sustainable!
Best Selection of Colleges:
Pursuing a course in the field of management is lucrative, and it takes time to develop your skills. This is where the work of a good college comes in. There is no doubt about the fact that there are numerous options that readily qualify as the best MBA colleges in Mumbai, and that too for the right reasons. Students are offered various options when it comes to choosing MBA colleges and that in turn gives a potent chance to many students to aspire for the course.
Facilities:
Another reason why Mumbai ranks as a top choice for students to pursue is because of the facilities available. The top 10 MBA colleges in Mumbai are power-packed with the best resources, which gives students a chance of actualizing their potentials at the best. No matter what your requirements are, the city will provide you with ample resources, which will ensure that there are no scopes for stumbling upon wrong choices. You get access to premium facilities but without having to sacrifice a lot! Sounds like quite a promising deal, right?
Top MBA Colleges in Mumbai
Now that we have counted on the reasons to rely on the top MBA colleges in Maharashtra, let’s make a list of some potent options. The most promising names in the list have been put together and we have tried to make the information as articulate as possible.
It will help you to analyze whether or not going forth with these options are worth the effort and will automatically ensure that you end up choosing the right college! The list of top MBA Colleges in Mumbai is as follows:
- S.P Jain Institute of Management and Research (SPJIMR)
- Jamnalal Bajaj Institute of Management Studies
- Shailesh J Mehta School of Management, IIT Bombay
- Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
- K. J. Somaiya Institute of Management
- LN Welingkar Institute of Management Development and Research
- SIES School of Business Studies
- NL Dalmia Institute of Management and Research
- Xavier Institute of Management and Research
- MET Institute of Management
S.P Jain Institute of Management and Research, Mumbai, (SPJIMR):
Securing the top position in the list for top 10 MBA colleges in India, S P Jain Institute is certainly the best of the lot. In Mumbai, the S.P. Jain Institute of Management and Research is also known for being one of the most prestigious. Because they are a private college, they have their entrance exam, and seats are awarded depending on the results. Because the admission is entirely merit-based, students must work extremely hard to be considered for a place. Since its inception in 1981, the university has offered a variety of full-time and part-time management programmes. If you are already employed and want to advance your education, the part-time management courses are ideal. You are also eligible for the placement process once the two-year training programme is completed, and this institution has had relationships with potential universities from the start.
Jamnalal Bajaj Institute of Management Studies:
This institution certainly secures the position under one of the top MBA colleges in Mumbai. Named after Jamnalal Bajaj, a potent philanthropist, this institution has been the best when it comes to imparting students with the intricacies of management studies. The campus of the institution is well-spread and the lush green ambience is what boosts positivity.
Jamnalal Bajaj Institute has been the central point of potent training in the field of MBA. It was established in 1965 and since then, they have just got better with every passing year. The infrastructure of the institution is also well-equipped with centrally air-conditioned classrooms along with functional Wi-Fi and highly developed hostel rooms. There is also quite a well-developed placement cell, and hence students are offered potent job opportunities. The tie-ups are secured with top multinational companies and hence the students are most often offered a job scope that helps them actualize their potentials.
Shailesh J Mehta School of Management, IIT Bombay:
Established in the year 1995, this institution has been one of the best MBA colleges in Mumbai, and that too in the government sector. They tend to offer a myriad of specialisations, specifically in the management sector. For years, they have trained students with the best of the facilities and the faculty team certainly deserves special mention. The MBA program hints at the full-fledged holistic development of each student. As a business school, they have developed on various parameters and ensured that the administration is good enough. This in turn fosters the development of the student area and allows them to be well-developed in this field. The infrastructure of Shailesh J Mehta School of Management is well-developed and hence a perfect choice for the students. As a placement cell, this institution has tried to make opportunities available for students and cater to their requirements!
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE):
Named after Lord Sydenham, this premium Business School was founded in 1913. They have been operational for more than a century now, however, the quality of education is just getting better with every passing year. This is an institution when it comes to the best possible opportunities for students. As one of the top 10 MBA colleges in Mumbai, their facilities are quite well-centered and appeal to thousands of many students. The infrastructure of the college is simply excellent, and students have access to cutting-edge technology, allowing them to maximize their potential. The group of faculties is well-prepared and knows how to teach the curriculum in such a way that is not monotonous and can be readily replicated in practice. Because of these factors, the college has received excellent accreditation, and hundreds of student’s desires to join the Sydenham family each year!
K. J. Somaiya Institute of Management, Mumbai:
The discussion on the best MBA colleges in Mumbai would remain incomplete without the mention of the K. J. Somaiya Institute of Management. Founded in 1959, by Mr. K. J. Somaiya, this institution has been providing students with the best quality education for years now. The method of teaching put up by this college is more modern, and hence the approach is also different from the regular management studies. More focus is paid to the application-oriented, practical training, and hence students will be able to garner in-depth knowledge in the field. It also gives them an upper hand in the placement regime where companies tend to look for more than just scores. The placement cell is well-connected, and hence over the years, the number has been static at 99.75%, where they have put students with the best options available!
LN Welingkar Institute of Management Development and Research:
Located in Matunga, Mumbai, the L.N Welingkar Institute of Management Development and Research is one of the best MBA colleges in Mumbai. They have been the very best in the field of management studies and hence deserve a special mention in this respect. They have rightly been addressed as the best in the field of management studies and have trained some of the most potent minds in the field. They are also known to have a branch in Bangalore and extended their horizons for the easy access of students all over. As a business school, they are quite sought after and hence, known to be potent enough in the field. A myriad of specialisations is offered to the students who want to aspire and be in the field of management. Not only for full-time regular courses, there are ample opportunities for those who want to pursue the course but are employed somewhere. Part-time options are quite well-structured in Welingkar Institute, and so are the placement options.
SIES School of Business Studies:
Established in 1995, the SIES School of Business Studies is fairly new in the block. However, with the quality of education they impart among the students, they are known to secure quite a good position and hence appeal to a lot of students. One of the major factors that helped them gain the position of top 10 MBA colleges in Mumbai is the infrastructure and the faculty. The combination of the two ensures that under every circumstance, students get only the best, which in turn facilitates their learning horizon. Quality education has always been their top prerogative, and that is one factor that they have never compromised on. Another very special point of reference for this institution is that they have a potent placement cell. The best companies are tied-up with the institution to provide students with ample job opportunities, which allows growth in the field of management.
NL Dalmia Institute of Management and Research:
As the name suggests, this institution not only provides management education to the students but also facilitates those who want to carry on research in the same subject. The institution was founded in 1995 by the NL Dalmia society. Since then, there have been fees for quality management education in Mumbai. Every year students from various places aspire to secure a position in this college. They are surely known to be the best in the field. As one of the top B schools in Maharashtra, they have surely been the reason behind numerous successful names in the field of management. The admission procedure is simple, and usually, your score in the competitive exam decides whether or not you secure a position. Hard work is surely an important factor to secure admission to such a prestigious business school in Mumbai.
Xavier Institute of Management and Research:
This college is a leader in providing high-quality education and has been a cornerstone of success for many years. The MBA programme they provide is widely regarded as one of the best in the country, which is why, despite being a private university, the competition for a position is fiercer than it appears. Every year as a qualifying exam for students, the college abides by the scores in the CET, which is essential in the qualifying exam. The exam result usually determines whether or not you are accepted into college! The institution was founded with the mission of imparting quality education and has been a symbol of giving students the greatest options ever since. Not only do they offer full-time management courses, but they also offer a variety of part-time management courses for working professionals. The placement sector is also well-developed, and they do provide opportunities from leading multinational companies like Wipro, Accenture and even Cognizant.
MET Institute of Management:
Founded in 1989, the institution is certainly one of the top MBA colleges in Maharashtra. They fall under the wing of the University of Mumbai, and hence the quality of education provided is par excellence. The admission process is quite stringent, and only the best in the field secures a position in the same.
Conclusion
Securing a position in the top MBA colleges in Mumbai is not difficult. However, you need to apply for the various qualifying exams like the CAT, MAT, GMAT, CET, and XAT. Some universities tend to have their own admission test, which is autonomous. If you too want to study under the top 10 MBA colleges in Mumbai, hard work is the only key.
Frequently Asked Questions (FAQS):
- Which is the Best MBA College in Mumbai for Finance?
When it comes to the best MBA college in Mumbai and that too for the domain of finance, the name of Jamnalal Bajaj Institute of Management deserves special mention. They are known to be the best in the sector. For years they have developed their domain of finance and ensure that they have the best facilities as well as faculty who foster a positive learning environment. This is one of the primary reasons why so many students aspire to this college every year!
- Can I secure a scholarship for MBA in Mumbai?
Yes, certain colleges in Mumbai allow you to move forth and pursue the degree of MBA with the help of a scholarship. However, in most cases, the process is completely merit-based and quite tough, to be very honest. Students have to pass quite a few qualifying examinations, which will decide whether or not they stand a chance for the scholarship.
- What is the average annual fee for MBA Colleges in Mumbai?
Pursuing an MBA degree is expensive irrespective of whether you want to go for the government or private colleges. The tentative fees can range from anywhere between INR 4 lacs to INR 10 lacs depending upon the college youth and the specialization.
- How many private and government-owned colleges are in Mumbai?
According to the most popular survey it was seen that Mumbai has around 262 MBA colleges that provide both full-time as well as part-time courses to the students. It was seen that out of this huge number there were only 11 colleges which were regulated by the government and the rest for all private colleges.
- What entrance exams are accepted by MBA colleges in Mumbai?
Just like major other cities in the country, admission to MBA colleges in Mumbai generally tends to follow the results of the CAT examination. This is a major qualifying exam, and your score decides whether or not you will get admission to your desired college. However, some colleges even accept scores from MAT, GMAT, CMAT, XAT and similar other domains! However, for each of these is All-India competitive examinations, you have to develop an aptitude in the field for securing a position. Some private colleges hold their own admission tests as well.
