The financial capital of India, Mumbai, beckons you to pursue Masters in Business Administration from some of the best MBA colleges such as Jamnalal Bajaj Institute of Management Studies, Narsee Monjee Institute of Management Studies, SP Jain Institute of Management & Research, TISS, among many others. It is time for students who are in graduation colleges to seriously study the various factors that will help them to narrow down their choice. Information regarding final placement offers, course fee, admission criterion etc. is considered essential for serious CAT aspirants to help them select an appropriate college to pursue an MBA.
Students can think of pursuing a management program from IIT Bombay, which is considered one of the best MBA colleges in Mumbai. It is also known as Shailesh J Mehta School of Management, and the college equips its students by providing intellectually enriching programs in the field of management education.
Another premier institute where one can intend to do an MBA is from Jamnalal Bajaj Institue of Management. This institute is located in the vicinity of Nariman Point, which is considered the commercial hub of India.
Some of the parameters we used to judge these MBA colleges included:-
- Faculty Experience
- Industry Exposure
- University Collaborations
- Physical Infrastructure
- Average Package
Our industry experts with more than 20 years of experience have rated the colleges on the above factors, and this quantitative data has been then supplemented with qualitative factors such as student feedback, faculty accessibility etc. to give you one of the best B-school ranking lists available online.
MBA colleges in Mumbai accepting CAT, XAT, MHCET, CMAT and GMAT scores:-
- As a management aspirant, you should be aware of the list of colleges that accept CAT, XAT or GMAT scores for the final intake of students in the two-year management program. Reputed management colleges that take CAT scores are IIT Mumbai, JBIMS, SPJIMR to name just a few.
- JBIMS also takes GMAT and MHCET scores.
- Narsee Monjee institute of management is ranked amongst top B-schools in India. Students can get admission to their MBA programs after appearing for the NMAT entrance test.
- SPJIMR , one of the top MBA colleges accepts GMAT/CAT/XAT scores.
- TISS - Tata Institute of Social Sciences conducts a computer based National Entrance test (TISS-NET) in the first week of January.
- K.J. Somaiya Institute Mgt. & Research accepts scores of CAT , XAT ,CMAT & GMAT exams.
- Welingkar Institute of Mgt Development & Research, one of the best ranked MBA colleges accepts CAT, XAT, GMAT scores.
- ITM Business School accepts CAT, XAT, CMAT, GMAT and MHCET scores for the intake of students to the management programs.
Mumbai – Preferred metropolitan to pursue Management Programs (MBA)
Let’s have a look at the reasons:-
A) Epicenter for various business activities:-
The capital of Maharastra, Mumbai is also known as the financial capital of India or in other words Mumbai behaves as a business incubator for the growing pool of talented youth. Mumbai has been the centre of creativity, innovation and technological excellence in the field of management education. With industry experts projecting a bright future for India, in terms of its economic growth, we need to embrace the future with the requisite skill set. In present times, a youth who is equipped with management education is better placed to face stiff competition in the industry.
B) Immense career opportunities for Management students:-
A healthy mix of good work-life balance, salary growth and ample job opportunities is the driving force for a qualified management graduate to work in a city. A student who has completed MBA from a reputed college will not face any problem in getting placed in Mumbai as many multinational companies have their corporate offices located in Mumbai. Moreover, from an economic point of view, many major industries like textile, finance, electronic etc. are located in this metropolitan city.
Let’s have a look at the fee structure and the average salary structure of various colleges:-
MBA colleges in Mumbai - Fee structure and average salary (subject to revision):-
|
Name of Colleges
|
Fee Structure
|
Avg. Placement Salary
|
|
Indian Institute of Technology
|
Rs.2,27,850 (per semester)
|
Rs 20.8 LPA
|
|
Jamnalal Bajaj Institute of Mgt Studies
|
Rs 3 lakh (annually)
|
Rs. 20.13 LPA
|
|
Narsee Monjee Institute of Mgt Studies
|
Rs. 9,25,000 (annually)
|
Rs 17.6 LPA
|
|
National Institute of Industrial Engineering
|
Rs 12,53,000 (total fees)
|
Rs.19.5 LPA (approx.)
|
|
SP Jain Institute of Mgt & Research
|
Rs 17,87,500 (annually)
|
Rs 22 LPA
|
|
Tata Institute of Social Sciences
|
Rs 2 LPA (approx.)
|
Rs18 LPA (approx.)
|
|
IBS-ICFAI Mumbai
|
Rs 4.005 lakh (annually)
|
Rs7.32 LPA (approx.)
|
|
K.J. Somaiya Inst. Mgt. & Research
|
Rs 6,58,200 (annually)
|
Rs. 10.05 LPA
|
|
Welingkar Institute of Mgt Development & Research
|
Rs 5,50,000 (annually)
|
Rs 9.05 LPA
|
|
ITM Business School
|
Rs. 9,95,000 (total fees)
|
Rs 6.5LPA (approx.)
|
|
SDA Bocconi Asia Center
|
Rs 18,60,000 (total fees)
|
Rs 9.82 LPA
|
|
Sydenham Inst. of Mgt Studies,Res & Entrepreneurship Education
|
Rs 67000 (annually)
|
Rs 10.92 LPA
|
The best business colleges in India are the ones which offer management education that keeps pace with Global MBA environment. The management colleges should have either been accredited with one or more international accreditations or should be in the process of being awarded with it. These top colleges have a unique pedagogy and highly qualified faculty; the students at the best MBA colleges in India get consistently higher average placements year after year as they become industry ready.
The top ranking MBA colleges include not only the Indian Institutes of Management (IIMs) but also some of the other university-affiliated and private MBA colleges which are doing much better than many of the newer IIMs. The best MBA colleges and a number of IIMs have a similar fee structure, but some of the newer IIMs placements, IIM admission process and the IIMs average salary in placement tend to lag behind in a number of these best MBA colleges. This exhaustive list of top colleges to pursue your management education from has been compiled after comprehensive research of MBA universities and colleges by our panel of experts.
Conclusion:-
Therefore, we recommend that first analyze as to what are the parameters which are important for you and then decide the college which caters to these parameters. Most importantly, you have to give in 100% to achieve your goal. All the best !!!