Mumbai, often dubbed the “Financial Capital of India,” boasts a vibrant array of master’s in business administration (MBA) programs offered by business schools. The best business schools in Mumbai uphold international educational standards and make business education affordable in government and private colleges. This comprehensive guide delves into the top 5 business schools in Mumbai, each with unique strengths, admission processes, fee structures, and contact details.
List of 5 Best Bussiness Schools in Mumbai
Table of Contents
This article will explore the top business schools in Mumbai with low fees. Each MBA college in Mumbai has its unique strengths, admission process, fee structure, and contact details.
1. The NITIE Business School
This best business institute in Mumbai, NITIE, formerly known as the IIM, was established in 1963 and is famous for its emphasis on Industrial Engineering and Management. PGDIE, PGDIM, PGDMM, and other programs are among the many that are available. The institute emphasizes experiential learning and industry interaction.
This graduate business school is part of the Ministry of Education, the Government of India, and it is situated in Powai, close to Vihar Lake in Mumbai. According to the NIRF 2023 rankings, it is the 7th-ranked business school in India.
Admission:
Admission is primarily through CAT/GATE scores, group discussions, and interviews.
Fee Structure:
MBA fees in Mumbai range between INR 8-14 lakhs, depending on the program. It’s a 2-year fee structure that is highly affordable.
Address:
India’s Vihar Lake Rd, close to The Residence Hotel, NITIE Admin Block, Powai
Contact Details:
Phone: +91-22-28573371
2. Indian Institute of Technology for MBA
This top business school in Mumbai, also known as SOM, is a component of the Indian Institute of Technology Bombay and is a public business school. In 1995, the SJMSOM was established. The Shailesh J. Mehta School of Management was established in 2000 in honor of Dr. Shailesh J. Mehta, an IIT Bombay Mechanical Engineering alumnus. S.N. Rao is the school’s principal.
IIT Bombay’s SJMSOM is renowned for its MBA program with a strong focus on technology and innovation management. It has a rigorous curriculum and state-of-the-art facilities. According to the National Institutional Ranking Framework Management ranking from 2022, the school was rated 11 in India.
Admission:
Candidates must appear for CAT and go through group discussions and personal interviews.
Fee Structure:
The approximate fee for the MBA program is INR 8.85 lakhs (Indian residents) and USD 32,000 (International students).
Address:
IIT, Main Gate Rd, Powai, Mumbai, Maharashtra, India
Contact Details:
Phone: +91-22-25767781
3. MET AMDC Mumbai
This AMDC has earned a distinguished reputation for its academic excellence and strong industry relevance. At the heart of MET AMDC’s success lies its commitment to providing a well-rounded education. The institution’s curriculum seamlessly integrates theoretical knowledge with practical insights.
One of the defining features of MET AMDC is its deep-rooted connections with industry leaders. According to the Times Business School Survey 2022, this Asian management business institute is ranked as the 4th Best MBA School in Mumbai, the 28th Best MBA School in India, and the 15th Best MBA School in the West.
Admission:
Before the Gathering Activity (GA), Composing skill Test (CAT), and Individual Meeting (IM), confirmation is reliant upon SNAP results.
Fee Structure:
The approximate fee for the MBA program is 7 to 8 lakhs. It is an average fee structure, and the course fee can vary.
Address:
Mumbai, Maharashtra, India, Bhujbal Knowledge City; Reclamation; Bandra West
Contact Details:
Phone: +91 22 3955 4333
4. The SPJIMR
P. Jains is one of the best business schools in Mumbai and offers postgraduate management degrees. The Bharatiya Vidya Bhavan-affiliated institute was founded in 1981 and offers full-time and part-time management programs. The SPJIMR is well known for its innovative teaching methods, values-based training, and diverse student groups. It offers various programs, including PGDM, PGMPW, and PGPFMB. A famous college for MBAs is SPJIMR offers highly affordable MBA programs.
Admission:
CAT/XAT/GMAT results are used to determine admission, followed by written ability exams and focus groups.
Fee Structure:
The approximate fee for the MBA program is INR 20.76 lakhs. It’s a 2 years fee structure.
Address:
SPJIMR, Bhavan’s Campus, Munshi Nagar, Dadabhai Road, Andheri West, Mumbai
Contact Details:
Phone: +91-22-26237454
5. SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)
Narsee Monjee is a private top business school in Mumbai run by Shri Vile Parle Kelavani Mandal. Aside from Shirpur, Bangalore, Hyderabad, Indore, and Navi Mumbai, the university also has campuses under construction in Dhule and Chandigarh.NMIMS, a well-established institution, offers MBA programs with specializations in various fields, such as finance, marketing, and human resources.
Admission:
Admission is through NMAT, followed by group discussions and personal interviews.
Fee Structure:
The approximate fee for the MBA program is INR 20.99 lakhs for 2 years. The MBA at this school is expensive. Its fee range is nearly 10 lakh per year
Address:
NMIMS, V. L. Mehta Road, Vile Parle West, Mumbai, India
Contact Details:
Phone: +91-22-42355555
Conclusion
In addition to their academic excellence, these top five business schools in Mumbai are recognized for graduating students who significantly impact business. Whether you are interested in technology, entrepreneurship, or management, these universities offer a range of degrees to suit your future aspirations. When selecting the best business school for your future success, consider your interests, finances, and admission requirements.
