Top MBA Colleges in Mumbai with Low Fees: Mumbai, the financial capital of India, is also a major hub for education, attracting students from across the country who seek quality MBA programs at affordable fees. There are very few Top MBA colleges in Mumbai with low fees; one of them is Valia School of Management (VSM) which is located at Andheri. The location is one of the prominent areas of Mumbai, home to several reputed management institutes. The college is very well connected to the Mumbai Metro and Mumbai Local Western Railway.
Students prefer MBA admission in Mumbai because of the strong industry connections that colleges have with leading companies and multinational corporations. This ensures excellent campus placement opportunities for MBA graduates. Additionally, VSM with low fees offers a variety of specializations, such as Finance, Marketing, Human Resources, Business Analytics, Operations, Logistics, and Supply Chain Management, making it easier for students to build careers in their preferred fields.
The MBA program at VSM is AICTE-approved and provides top-notch management education. The best institute for MBA in Mumbai like VSM offer some of the best MBA programs with strong career prospects, ensuring that students are well-prepared to succeed in the corporate world. The students are also given international exposure like International Immersion.
Table of Contents:
- Top MBA Colleges in Mumbai with Low Fees
- Top Ten MBA Colleges in Mumbai
- Best MBA Colleges in Mumbai
- Best MBA Colleges in Mumbai with Placement
- Top 10 MBA Colleges in Mumbai with Fees Structure
- MBA Colleges in Mumbai Accepting Best Entrance Exams
- MBA Colleges in Mumbai without Entrance Exams
- MBA Admission in Mumbai
- Why to opt for MBA in Mumbai? Check Key USPs
- Why choose MBA Colleges in Mumbai with low fees?
Top MBA Colleges in Mumbai with Low Fees
Valia School Of Management (VSM)
- Fees: Approximately INR 6.50 Lakhs
- Overview: Valia School of Management is one of the most affordable and well-reputed MBA degree colleges in Mumbai, offering quality education, industry exposure, and an excellent placement record.
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
- Fees: Approximately INR 1.4 Lakhs
- Overview: Affiliated with the University of Mumbai, SIMSREE offers a Master of Management Studies (MMS) program. The institute is renowned for its rigorous curriculum and strong industry connections.
Jamnalal Bajaj Institute of Management Studies (JBIMS)
- Fees: Around INR 1.2 Lakhs
- Overview: Often referred to as the ‘CEO Factory,’ JBIMS offers an MMS program with specializations in Finance, Marketing, Operations, and more. The institute has a legacy of producing industry stalwarts.
Mumbai University
- Fees: Approximately INR 1.53 Lakhs
- Overview: University’s Department of Management offers an MBA program with a variety of specializations, giving students an understanding of the business world.
Shreemati Nathibai Damodar Thackersey Women’s University (SNDT)
- Fees: Around INR 2.01 Lakhs
- Overview: SNDT offers an MBA program designed to empower women with the necessary skills and knowledge to excel in the corporate arena.
Tata Institute of Social Sciences (TISS)
- Fees: Approximately INR 2.07 Lakhs
- Overview: TISS offers an MBA in Human Resources Management and Labour Relations, recognized for its emphasis on social responsibility and ethical business practices.
Aditya Institute of Management Studies and Research (AIMSR)
- Fees: Around INR 9.0 Lakhs
- Overview: AIMSR provides an MBA program with various specializations, focusing on creating industry-ready professionals through practical exposure and academic rigor.
Chetana’s Institute of Management and Research (CIMR)
- Fees: Approximately INR 9 Lakhs
- Overview: CIMR offers a PGDM program with a curriculum designed to meet the evolving needs of the business world, emphasizing experiential learning.
Jio Institute
- Fees: Around INR 9.75 Lakhs
- Overview: A relatively new entrant, Jio Institute offers an MBA program with a modern curriculum and state-of-the-art facilities, aiming to foster innovation and leadership.
MET Institute of Post Graduate Diploma in Management
- Fees: Approximately INR 11 Lakhs
- Overview: MET offers a PGDM program that blends theoretical knowledge with practical application, preparing students for dynamic business environments.
Xavier Institute of Management and Research
- Fees: Around INR 15.1 Lakhs
- Overview: Xavier Institute offers an MBA program focusing on developing ethical business leaders with a global perspective.
These institutes are known for offering an affordable MBA in Mumbai while maintaining high academic standards.
Top Ten MBA Colleges in Mumbai
Top ten MBA colleges in Mumbai are renowned for their rigorous academics, experienced faculty, and robust placement records. For aspirants aiming to pursue an MBA in Mumbai, understanding the top institutes is crucial. Below is a curated list of the top ten MBA colleges in Mumbai:
- Indian Institute of Management (IIM) Mumbai: Formerly known as the National Institute of Industrial Engineering (NITIE), IIM Mumbai has been accorded the status of an Indian Institute of Management. It is recognized for its excellence in management education and consistently ranks among the top MBA institutes in Mumbai. The institute offers a range of MBA programs with a strong emphasis on industrial management.
- Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay: As part of the prestigious Indian Institute of Technology Bombay, SJMSOM offers MBA programs that integrate technology and management. The institute is known for its rigorous curriculum and strong industry connections, making it a preferred choice for MBA aspirants in Mumbai.
- S.P. Jain Institute of Management and Research (SPJIMR): Established in 1981, SPJIMR is one of the leading MBA colleges in Mumbai. The institute offers a variety of management programs and is known for its innovative pedagogy and emphasis on value-based education.
- SVKM’s Narsee Monjee Institute of Management Studies (NMIMS): NMIMS is a deemed university that offers a wide range of MBA programs. Known for its academic excellence and industry-oriented curriculum, NMIMS has established itself as a prominent MBA institute in Mumbai.
- Jamnalal Bajaj Institute of Management Studies (JBIMS): Affiliated with the University of Mumbai, JBIMS is often referred to as the “CEO Factory” due to its illustrious alumni network. The institute offers a Master in Management Studies (MMS) program and is renowned for its strong industry linkages.
- K.J. Somaiya Institute of Management: Part of the Somaiya Vidyavihar University, this institute offers MBA programs with various specializations. It is known for its diverse student community and strong placement records, making it a notable MBA college in Mumbai.
- Prin. L.N. Welingkar Institute of Management Development and Research (WeSchool): WeSchool offers a range of postgraduate programs in management and is known for its innovative approach to management education. The institute emphasizes experiential learning and has a strong industry interface.
- N.L. Dalmia Institute of Management Studies and Research: Established in 1995, this institute offers MBA programs with specializations in Finance, Marketing, and Human Resources. It is recognized for its academic rigor and excellent placement opportunities.
- SIES College of Management Studies (SIESCOMS): Affiliated with the University of Mumbai, SIESCOMS offers a variety of management programs. The institute is known for its focus on holistic development and industry-relevant curriculum.
- Chetana’s Institute of Management and Research: One of the oldest business schools in Mumbai, Chetana’s offers an MMS program with various specializations. The institute has a legacy of producing competent management professionals.
These top ten MBA colleges in Mumbai are renowned for their quality education, experienced faculty, and strong placement records. Aspiring candidates are encouraged to research each institute’s specific admission criteria, specializations offered, and placement statistics to make an informed decision about pursuing their MBA in Mumbai.
Best MBA Colleges in Mumbai
When considering factors like faculty, infrastructure, and industry exposure, the following Best MBA Colleges in Mumbai stand out:
- Valia School of Management
- S.P. Jain Institute of Management and Research (SPJIMR)
- IIM Mumbai (NITIE)
- Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
- Jamnalal Bajaj Institute of Management Studies (JBIMS)
- Narsee Monjee Institute of Management Studies (NMIMS)
When considering an MBA in Mumbai, factors like accreditation, faculty expertise, and industry tie-ups matter. Valia School of Management is among the best MBA colleges in Mumbai, offering a holistic learning experience.
Best MBA Colleges in Mumbai with Placement
Best MBA Colleges in Mumbai with Placement records are a crucial consideration for MBA aspirants. The following colleges have demonstrated excellent placement statistics:
- Valia School Of Management: Strong industry tie-ups and career support
- S.P. Jain Institute of Management and Research (SPJIMR): Offers average packages around INR 25-26 LPA.
- IIM Mumbai (NITIE): Known for average packages between INR 19-21 LPA.
- Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay): Provides average packages of INR 20-22 LPA.
- Jamnalal Bajaj Institute of Management Studies (JBIMS): Offers average packages around INR 18-20 LPA.
- Narsee Monjee Institute of Management Studies (NMIMS): Provides average packages of INR 18-19 LPA.
With leading recruiters like TCS, Infosys, Deloitte, HDFC, and Amazon, Valia School of Management ensures high placement rates for its MBA graduates.
Top 10 MBA Colleges in Mumbai with Fees Structure
Understanding the fee structure of MBA institutes in Mumbai helps students choose the best option. Valia School of Management offers a competitive fee structure, making quality education accessible.
1. Valia School of Management
- Program Offered: PGDM/MBA
- Duration: 2 years
- Specializations: Finance, Marketing, Human Resource Management, Operations, Business Analytics
- Fees: Competitive and affordable, ensuring high ROI (Exact fees available on request)
- Highlights:
- Industry-oriented curriculum with practical exposure
- Experienced faculty with a blend of academic and corporate expertise
- Excellent placement assistance with top recruiters
- Modern infrastructure and learning resources
2. S.P. Jain Institute of Management and Research (SPJIMR)
- Program Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 years
- Specializations: Finance, Information Management, Marketing, Operations, and Supply Chain
- Fees: Approximately INR 23,00,000
- Highlights: SPJIMR is acclaimed for its innovative pedagogy, strong industry connections, and emphasis on value-based education. The institute consistently ranks among the top MBA colleges in Mumbai.
3. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
- Program Offered: Master of Management
- Duration: 2 years
- Fees: Approximately INR 4,91,000 per annum
- Highlights: SJMSOM integrates management education with technology, leveraging IIT Bombay’s esteemed engineering and research environment. It is recognized for its rigorous curriculum and excellent placement records.
4. Jamnalal Bajaj Institute of Management Studies (JBIMS)
- Program Offered: Masters in Management Studies (MMS)
- Duration: 2 years
- Fees: Approximately INR 3,50,000 for the first year
- Highlights: JBIMS, often referred to as the ‘CEO Factory,’ boasts a legacy of producing industry leaders. Its strategic location in South Mumbai offers students unparalleled access to the corporate world.
5. Narsee Monjee Institute of Management Studies (NMIMS)
- Program Offered: Master of Business Administration (MBA)
- Duration: 2 years
- Fees: Approximately INR 24,00,000
- Highlights: NMIMS is known for its diverse specializations, state-of-the-art infrastructure, and strong industry interface. The School of Business Management at NMIMS is particularly noted for its emphasis on research and innovation.
6. K.J. Somaiya Institute of Management
- Program Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 years
- Fees: Approximately INR 17,29,000
- Highlights: There’s a lot of experiential learning at K.J. Somaiya. The institute provides a vibrant campus life and has a strong network of alumni in leadership positions across industries.
7. Prin. L.N. Welingkar Institute of Management Development and Research (WeSchool)
- Program Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 years
- Fees: Approximately INR 14,00,000
- Highlights: WeSchool is recognized for its innovative programs and emphasis on design thinking. The institute fosters a global perspective among students through international collaborations.
8. Tata Institute of Social Sciences (TISS)
- Program Offered: Master of Business Administration (MBA) in Human Resources Management and Labor Relations
- Duration: 2 years
- Fees: Approximately INR 3,70,000
- Highlights: TISS is renowned for its focus on social sciences and offers a unique MBA program that blends management with social responsibility. The institute has a strong placement record with leading organizations.
9. Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)
- Program Offered: Masters in Management Studies (MMS)
- Duration: 2 years
- Fees: Approximately INR 1,34,000 per annum
- Highlights: SIMSREE offers quality management education at an affordable fee structure. The institute has a legacy of producing competent professionals equipped to meet industry challenges.
10. SIES College of Management Studies
- Program Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 years
- Fees: Approximately INR 7,00,000
- Highlights: SIES emphasizes a value-based education system, integrating traditional values with modern management practices. The institute offers various specializations tailored to industry needs.
11. Chetana’s Institute of Management and Research (CIMR)
- Program Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 years
- Fees: Approximately INR 3,85,000 per year
- Highlights: CIMR is known for its student-centric approach and industry-relevant curriculum. The institute maintains strong ties with the corporate sector, facilitating excellent placement opportunities.
Valia School of Management provides students with a cost-effective way to earn an MBA in Mumbai without compromising on quality.
MBA Colleges in Mumbai Accepting Best Entrance Exams
Mumbai, as India’s financial hub, hosts numerous esteemed MBA institutes that accept various entrance exams for admission. Below is a curated list of top MBA colleges in Mumbai, highlighting the entrance exams they accept:
1. Valia School of Management (VSM)
- Programs Offered: Post Graduate Diploma in Management (PGDM) with specializations in Marketing, Finance, Human Resources, Business Analytics, Operations Management, and Supply Chain Management.
- Entrance Exams Accepted: CAT, MAT, XAT, ATMA, MAH-CET, or equivalent management entrance tests.
- Highlights: VSM emphasizes practical learning with a 6-month intensive internship, preparing students for real-world challenges.
2. S.P. Jain Institute of Management and Research (SPJIMR)
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Entrance Exams Accepted: CAT, GMAT
- Highlights: SPJIMR is renowned for its innovative pedagogy and strong industry connections.
3. Jamnalal Bajaj Institute of Management Studies (JBIMS)
- Programs Offered: Master of Management Studies (MMS)
- Entrance Exams Accepted: CAT, MAH-CET
- Highlights: JBIMS, often referred to as the “CEO Factory,” boasts a legacy of producing top industry leaders.
4. Narsee Monjee Institute of Management Studies (NMIMS)
- Programs Offered: MBA
- Entrance Exams Accepted: NMAT by GMAC
- Highlights: NMIMS offers a diverse range of MBA programs with a focus on holistic development.
5. K.J. Somaiya Institute of Management
- Programs Offered: MBA, MBA Executive
- Entrance Exams Accepted: CAT, XAT, CMAT
- Highlights: The institute provides a vibrant campus life and a curriculum aligned with industry needs.
6. Welingkar Institute of Management Development and Research (WeSchool)
- Programs Offered: PGDM
- Entrance Exams Accepted: CAT, MAH-CET
- Highlights: WeSchool is known for its innovative programs and emphasis on design thinking.
7. National Institute of Industrial Engineering (NITIE)
- Programs Offered: PGDIM, PGDISEM
- Entrance Exams Accepted: CAT
- Highlights: NITIE specializes in industrial management and is esteemed for its rigorous curriculum.
8. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
- Programs Offered: Master of Management
- Entrance Exams Accepted: CAT
- Highlights: SJMSOM integrates engineering and management education, offering a unique learning experience.
9. SIES College of Management Studies
- Programs Offered: PGDM
- Entrance Exams Accepted: CAT, MAH-CET, CMAT
- Highlights: SIES emphasizes value-based education and offers diverse specializations.
10. ITM Business School
- Programs Offered: PGDM
- Entrance Exams Accepted: CAT, XAT, MAT
- Highlights: ITM focuses on experiential learning with a strong industry interface.
MBA Colleges in Mumbai without Entrance Exams
These esteemed MBA degree colleges in Mumbai offer diverse programs and accept various entrance exams, providing aspirants with multiple pathways to pursue an MBA in Mumbai.
Pursuing a Master of Business Administration (MBA) in Mumbai, India’s financial hub, is a strategic move for many aspiring business leaders. While numerous MBA institutes in Mumbai require entrance exams for admission, several esteemed institutions offer direct admission without such prerequisites. Below is a curated list of top MBA degree colleges in Mumbai that provide this opportunity, along with their key highlights and fee structures.
1. Durgadevi Saraf Institute of Management Studies (DSIMS)
- Location: Malad, Mumbai
- Programs Offered: Master of Management Studies (MMS)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 2.36 Lakhs
- Admission Process: Direct admission based on academic performance and personal interview.
- Highlights: DSIMS emphasizes a holistic learning approach, integrating theoretical knowledge with practical application through industry interactions and live projects.
2. Amity Global Business School (AGBS) Mumbai
- Location: Malad, Mumbai
- Programs Offered: Post Graduate Program in Management (PGPM) and MBA (in collaboration with Amity University)
- Specializations: Marketing, Finance, International Business, Human Resource Management
- Fees: Approximately INR 6.24 Lakhs
- Admission Process: Direct admission based on graduation marks and personal interview.
- Highlights: AGBS Mumbai offers a globally benchmarked curriculum, experienced faculty, and robust industry exposure, preparing students for dynamic business environments.
3. ITM Business School, Navi Mumbai
- Location: Kharghar, Navi Mumbai
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Specializations: Finance, Marketing, Digital Marketing & Transformations, Operations & Supply Chain Management, Human Resource Management
- Fees: Approximately INR 9.10 Lakhs
- Admission Process: Direct admission based on academic records and personal interview.
- Highlights: ITM Business School is known for its industry-oriented curriculum, extensive alumni network, and strong placement support, ensuring students are well-equipped for corporate challenges.
4. Kohinoor Business School
- Location: Kohinoor City, Mumbai
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 11.00 lakhs
- Admission Process: Direct admission based on academic qualifications and personal interview.
- Highlights: Kohinoor Business School offers a blend of academic rigor and practical exposure, with a focus on developing leadership and entrepreneurial skills among students.
5. MET Institute of Management
- Location: Bandra Reclamation, Mumbai
- Programs Offered: Master of Management Studies (MMS)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 2.25 Lakhs
- Admission Process: Direct admission based on academic performance and personal interview.
- Highlights: MET Institute of Management provides a comprehensive learning environment with state-of-the-art infrastructure, experienced faculty, and a curriculum aligned with industry standards.
6. Vivekanand Business School (VBS)
- Location: Chembur, Mumbai
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 6.80 Lakhs
- Admission Process: Direct admission based on graduation marks and personal interview.
- Highlights: VBS focuses on nurturing future-ready managers through a curriculum that blends academic knowledge with practical skills, supported by industry interactions and workshops.
7. Aditya Institute of Management Studies and Research
- Location: Borivali West, Mumbai
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 9.00 Lakhs
- Admission Process: Direct admission based on academic credentials and personal interview.
- Highlights: The institute offers a learner-centric environment with a focus on research, innovation, and entrepreneurship, preparing students for global business challenges.
8. Anjuman-I-Islam’s Allana Institute of Management Studies (AIAIMS)
- Location: CST, Mumbai
- Programs Offered: Master of Management Studies (MMS)
- Specializations: Marketing, Finance, Human Resource Management, Operations
- Fees: Approximately INR 1.20 Lakhs
- Admission Process: Direct admission based on academic performance and personal interview.
- Highlights: AIAIMS is committed to providing quality education with a focus on ethical values, leadership skills, and societal contributions, fostering holistic development.
MBA Admission in Mumbai
Getting admission to an MBA in Mumbai involves multiple steps. Valia School of Management has a straightforward admission process, ensuring a smooth experience for applicants.
Admission Process at Top MBA Colleges in Mumbai:
- Appear for entrance exams (CAT, NMAT, XAT, MAH CET).
- Submit the application form for Valia School of Management.
- Shortlisting based on test scores and academic performance.
- Attend Personal Interview (PI) round.
- Final selection based on merit.
Valia School of Management offers student-friendly admissions, welcoming aspiring leaders into its transformative MBA programs.
Why to Opt for MBA in Mumbai? Check Key USPs
Pursuing an MBA in Mumbai offers a multitude of advantages, positioning graduates for success in the dynamic business landscape. Here are the key unique selling points (USPs) of obtaining an MBA degree in Mumbai:
- Proximity to Leading Corporates: Mumbai is home to numerous multinational corporations, financial institutions, and startups. Studying at MBA colleges in Mumbai provides direct access to these organizations, facilitating internships, live projects, and employment opportunities. Institutions like Valia School of Management leverage their location to offer students practical exposure and industry engagement.
- Extensive Networking Opportunities: The city’s vibrant business ecosystem enables students to build robust professional networks. Regular industry interactions, seminars, and workshops conducted by MBA institutes in Mumbai connect students with industry leaders and alumni, fostering relationships that are invaluable for career advancement.
- Diverse Specializations: MBA degree colleges in Mumbai offer a wide array of specializations to cater to varied career interests. For instance, Valia School of Management provides specializations in Digital Marketing, Data Analytics, and Entrepreneurship, allowing students to tailor their education to specific industry demands.
- Experienced Faculty and Industry Experts: The best MBA colleges in Mumbai attract seasoned academicians and industry practitioners. This blend ensures that students receive a curriculum enriched with theoretical knowledge and practical insights, preparing them to navigate complex business challenges effectively.
- Strong Placement Records: Top MBA institutes in Mumbai boast impressive placement statistics. Valia School of Management, for example, collaborates with over 200 companies during its placement drives, ensuring that students have ample opportunities to secure positions in esteemed organizations.
- Cultural and Economic Hub: Mumbai’s status as a cultural melting pot and economic powerhouse offers students a unique learning environment. The city’s diversity and economic vitality provide a real-world context that enriches the MBA learning experience, making it an ideal location for aspiring business leaders.
Why choose MBA Colleges in Mumbai with low fees?
Mumbai, the financial capital of India, is a top destination for higher education, offering unparalleled opportunities for learning, career growth, and industry exposure. Pursuing an MBA in Mumbai from reputed yet affordable institutions provides students with access to top multinational companies that actively recruit from the best MBA colleges in Mumbai. The city is home to several MBA degree colleges in Mumbai that offer high-quality management education at competitive tuition fees, making it an ideal choice for aspirants seeking both affordability and excellence. With its vibrant business ecosystem, extensive networking opportunities, and lucrative placement prospects, Mumbai ensures that students from MBA institutes in Mumbai receive an excellent return on investment. Choosing a best MBA college in Mumbai with low fees allows students to gain industry-relevant skills and secure top salary packages without incurring a heavy financial burden, making it a smart and strategic decision for future business leaders.
It’s a great time to get an MBA in Mumbai because it gives you unparalleled exposure to the industry, networking opportunities, and quality education, all while being in a city that’s awash in economic and cultural diversity. Getting an MBA at Valia School of Management gives you career-oriented opportunities in Mumbai. It’s important to gauge the fee structure, the institution’s credibility, placement statistics, and the ROI before choosing an MBA in Mumbai with low fees. When you take note of these factors, it’s not hard to find an affordable program you can use to get into business management.
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