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Top 10 MBA Colleges in Mumbai
March 14 2024

The MBA program covers the major facets of management (Accounting, Economics, Marketing, Finance, Strategy/Frameworks, Human Resources, Organisational Behaviour, Leadership and Information Technology, etc.) The curriculum is designed to strengthen the theoretical foundation, provide practical opportunities (internships, research, projects & workshops) build both hard & soft skills, open up a window of career opportunities and help start your own ventures.

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Students from all over India come to Mumbai for further studies especially in the top management colleges in Mumbai. A list of the top and best MBA Colleges in Mumbai are as follows. 

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1. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Jamnalal Bajaj Institute of Management Studies (JBIMS) named after the celebrated industrialist and philanthropist, Jamnalal Bajaj is one of the country's most elite B-schools. Established in 1965 by the University of Mumbai in alliance with Stanford University, it is one of the pioneering colleges in Mumbai.  Popularly referred to as a ‘CEO’s factory’, JBIMS boasts a strong alumni network which is a source of inspiration to the students.

Course Name & Eligibility

  • The college's outstanding full-time Masters in Management Studies (MMS) program lasts two years. The training is divided into four semesters, each lasting about 15 weeks. In the first year, all students have the same academic curriculum, but in the second year, you can specialize in areas such as marketing, finance, personnel, or operations and systems.
  • Students can also enroll in electives. The curriculum also includes regular assignments, projects, research, extempore presentations, case studies, and quizzes.

Placements

  • JBIMS offers placements on par with India's elite IIMs. The entire class of 130 students was offered extraordinarily lucrative jobs during the 2021-2023 school year. The biggest package on offer was $35.75 lakhs per year, with an average pay of $28.02 lakhs per year.
  • The campus placements attracted a total of 69 companies. BFSI, FMCG, and pharmaceuticals were among the top recruiters. Manufacturing, Telecom, Auto, Conglomerates, Consulting, E-commerce, and the IT segment all had some fantastic employment openings.

 

2. Sydenham Institute of Mgmt. (SIMSREE)

Established in 1983, SIMSREE is a B-Graduate School in Mumbai that promises excellence in academics. In 30+ years of its existence, the college that follows the mantra ‘Work conquers all’ has exhibited spectacular growth in this competitive domain and is lauded for its efforts.SIMSREE’s strong corporate interface, notable alumni base, ranking among the top MBA colleges of the country, awards/certifications are proof of its commitment towards imparting an exceptional learning experience that is holistic and enriching.

Course Name & Eligibility

  • The All India Council for Technical Education has authorized two SIMSREE programs (MMS and PGDBM) (AICTE). The two-year full-time courses are divided into four semesters. The MMS and PGDBM curricula essentially follow the same approach. The first year is spent bolstering the foundations of the company. Students can choose from a variety of specialties in their second year (Finance, Marketing, Human Resources, Operations & Systems). A two-month summer internship is required as part of the curriculum.

Placements

  • The Placement Committee is in charge of the recruitment process (a student body). The Committee is resourceful, and it goes to great lengths to connect students with major corporations to assist them in obtaining lucrative jobs and internships. The MBA college has a perfect placement record year after year (100 percent).
  • Following the previous year's pattern, industry executives from many areas once more hired from the college. This year, 72 organizations took part in the placement season, with an average annual pay offered of Rs. 15.19 lakhs. On campus, the highest pay scale was Rs. 21.53 lakhs annually.

 

3. SP Jain Institute of Management & Research (SPJIMR)

SP Jain Institute of Management & Research (SPJIMR) is a name to reckon in the management education arena. Since its inception in 1981, there has been no looking back for SPJIMR. The private-run college made it to the coveted list of India’s top ten B-schools by 1994-1995 and has firmly retained this position ever since. SPJIMR is recognised for its distinguished pedagogic approach, pioneering programs, and emphasis on values. The location of the college in the heart of the financial capital is conducive to industry exposure.

Course & Eligibility

  • SP Jain offers a two-year full-time Post Graduate Diploma in Management (PGDM) program that is comparable to an MBA. Students are chosen based on their overall profile and their entrance exam (CAT or GMAT) score. All students will cover the same themes in the first year.
  • The second-year (fourth and fifth trimesters) concentrates on core specialties in a variety of fields (Finance Management, Marketing Management, Information Management, and Operations Management). Applicants must, however, select a specialism throughout the application process. SPJIMR emphasizes group work, mentorship programs, projects, and field assignments in addition to theoretical knowledge.

Placements

  • This year, the average yearly compensation (cost to the company) is INR 33.02 lakhs. Over 70% of the class secured offers above INR 30 lakhs per year, while over 92% received offers above INR 25 lakhs per year. The median yearly pay was INR 32.89 lakhs, a 9.3% increase over the previous year. Despite the current state of the computer industry and growing concerns about a global recession, stellar placements and a consistent growth over the previous year were observed.

4. Narsee Monjee Institute of Management Studies (NMIMS)

Top Ranked University in India | NMIMS

NMIMS was established under Mumbai University in 1981 and bestowed the Deemed University status in 2003 by the Government of India. The college is a popular education destination for students seeking an MBA degree. Within a short span of 36 years, NMIMS has garnered quite an impressive reputation. It features in the coveted list of the top 10 B-schools of the country. Other feathers in its plume include an A grade rating and accreditation by NAAC with 3.59 CGPA. Its convenient location in the financial capital has enabled NMIMS to maintain strong ties with the industry, high profile MNCs, and illustrious alumina.

Course & Eligibility

  • A full-time Master of Business Administration program is available at NMIMS. GMAC administers its own entrance exam (NMAT), which is followed by a GD and PI. The course is divided into six trimesters over the course of two years. The first year's subjects are common, but students in the final year can choose from a number of specialties (MBA core, HR, Analytics & Decision Science). Every trimester at NMIMS provides a variety of electives. All MBA students must participate in a summer project (6-8 weeks).

Placements

  • This season, NMIMS had a significant success in terms of final placements. The class of 2023 (HR) earned the maximum annual income of Rs.67.8 lakh, with an average remuneration of Rs.26.63 lakh.
  • PPOs and PPIs were given to about 46% of the group. Among the companies that visited the campus were Goldman Sachs, GE, Microsoft, ITC, L'Oreal, Asian Paints, HUL, Deloitte, ICICI, Flipkart, and the Aditya Birla Group. Jumbo Electronics and Square Yards both offered international placements.

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5. Indian Institute of Management – Mumbai

The Ministry of HRD has acknowledged the Doctoral Level Fellowship Program offered by IIM Mumbai as being comparable to a PhD from any Indian university. The goal of the program is to shape participants into capable persons who can work in academia, research, business, or consulting.

Since the inception of IIM Mumbai's Fellow Program in 1980, almost 50 Fellowship (Doctoral) Degrees have been granted. Alumni of the Fellowship Program find employment in academia and business. Currently, around 60 candidates are registered for the same, and four fellowships are given out annually on average. The course covers all aspects of environmental management, ergonomics, and management. It is an interdisciplinary program.

Course & Eligibility

  • Applicants may apply if they have completed a full-time master's program in management, economics, commerce, engineering, social sciences, life sciences, technology, or pure sciences at a recognized university or institution and have earned 60% of the possible points (55% for candidates who identify as SC/ST/PwD (person with disability) or equivalent). Candidates who meet the requirements listed above for examinations taken at the time of application and who submit their results by the latest on September 30 for the July cycle and March 30 for the January cycle may also apply. Candidates who are taking their final exam in the relevant subjects are also eligible to apply. Preference would be given to projects, work experience, and research publications in these fields. Reservation of seats for SC/ST/OBC-NC (Non-Creamy) and PwD candidates is in accordance with Govt. of India regulations.

Placements

  • A total of 107 companies participated in the final placement season this year. The highest package stood at INR 49 LPA with the average package of the top 10% of the batch with 45.37 LPA and top 20% of the batch with INR 38.59 LPA. The average package for the whole batch stood at INR 25.4 LPA with 33% of the Batch of 2022 receiving Pre-Placement Offers (PPO).

6. Shailesh J. Mehta School of Management (SJMSOM)- IIT Bombay

Shailesh J. Mehta School of Management, IIT Bombay – Innovation,  Leadership, Entreprenuership

Shailesh J. Mehta School of Management is another sought-after destination for aspiring managers in Mumbai. The institution that began operations in 1995 is part of the Indian College of Technology, Bombay (IITB). Though a fairly new entrant in this domain, it has garnered an enviable reputation for developing terrific managerial talent. What's more, the SJMSOM campus is beautiful with a world-class infrastructure, a brilliant faculty, small batches, a large alumni base, and much more.

 The school was ranked fifth in the National Institutional Ranking Framework Management (2018) and 16th in the Indian Top 100 Management Schools Survey by Outlook (2017).

Eligibility

  • Four-year Bachelor's or Master's degree in any discipline with at least 60% marks (55% for SC/ST/PWD candidates) or a minimum CPI of 6.5 (6 for SC/ST/PWD candidates) out of 10 from institutes / universities.
  • Candidates in their final year of study or awaiting results are also eligible to apply. The applicant must have received an aggregate of 60% marks (55% for candidates from the SC/ST/PWD categories) or equivalent until the most recent exam that has been completed and the results are available. Admission will be subject to the candidate meeting the eligibility conditions.

Placements

  • The placement exercise was undertaken in a hybrid format to provide multiple possibilities for corporate employees based on their convenience. Students' knowledge and skills in their particular disciplines have led to a high number of offers from firms, despite business changes.  SJMSOM, IIT Bombay, was the #1 pick for recruiters, attracting many new recruiters. The CTC offer exceeded expectations, with the top 25% receiving ₹40.80 L, while the top 50% and 75% received ₹34.58 L and ₹31.41 L, respectively. The school has maintained its standing as a top business school in the country.

7. Welingkar Institute of Management Development

Welingkar Institute of Management Development (WeSchool) consistently features among the top 30 education establishments in the country.  Founded in the year 1977, it is a part of the esteemed Shikshana Prasaraka Mandali that has 43 colleges under its umbrella. The college focuses on imparting the key skills and knowledge essential to attain success in the constantly evolving business environment. WeSchool has a long list of credentials to its name. The latest is the “AICTE-CII National Award for Best College for Industry College Linkage 2015”. 

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Eligibility

  • Candidates must have a minimum of 50% in a degree test from a recognized university completed by June 2024. Should have taken the CAT (2023) conducted by the IIMs for the year stated in the advertisement (IIMS have no role in the Welingkar admission procedure), as well as the XAT (2024), ATMA Feb (2024), CMAT (2024), and/or GMAT (2021 onwards).

Placements

  • Welingkar Institute of Management Development and Research (WeSchool) in Mumbai has a good record for placements for its MBA/PGDM courses. In 2023, the highest package offered was INR 25.48 LPA, and the average package was INR 12.01 LPA. Some of the top recruiters included: Accenture, Amazon, Adani Group, Wipro, Reliance, Pidilite, Morgan Stanley, Deloitte, ICICI Bank, Naukri.com.

8. K.J. Somaiya Institute of Management

Established in 1981 as part of Somaiya Vidyavihar, the private-run college has emerged as one of the top MBA colleges of the country. It has produced exceptional managers that hold strategic positions across various domains around the globe. Set on 60 acres, the medium-sized campus with greenery, trees, gardens, and world-class infrastructure is beautiful. 

 

K J Somaiya

 

K. J. Somaiya Institute of Management Studies and Research was established in 1981 as a part of Somaiya Vidyavihar with the objective of providing state-of-the-art education in management and allied areas. The institute is consistently ranked among the top 25 management institutes and top 10 private sector B-schools in India. The institute offers full time, part-time and executive programs in Business Management along with Masters in Computer Applications and Doctoral Programmes.

The Institute is approved by the AICTE and accredited by the NBA. It has been certified by the Bureau Veritas. The Institute offers MBA, Executive MBA, MCA, and Ph.D. programs in various specializations. It has 131 highly-qualified and knowledgeable faculty members. KJ Somaiya also conducts various customized Management Development Programmes and Faculty Development Programmes.

 Top MBA Courses Specializations offered are:

  1. International Business
  2. Retail Management
  3. Sports Management
  4. Financial Services
  5. Integrated Marketing Communication
  6. Healthcare Management
  7. Data Science & Analytics
  8. Human Resources

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9. SDA Bocconi Asia Center

SDA Bocconi Asia Center is a pan-Asian hub in Mumbai that has been deploying Executive Education and Postgraduate Programs designed and implemented by SDA Bocconi School of Management, Italy, since 2012.
SDA Bocconi School of Management Mumbai, Mumbai: Placement, Admission 2024,  Course, Fee & Ranking by Dial Education
 
 SDA Bocconi Asia Center strives to deploy and disseminate innovative business knowledge to contribute to the overall development of individuals and organizations. A unique approach is offered, by promoting knowledge through SDA Bocconi School of Management industry-relevant research and teaching. It spreads SDA Bocconi School of Management expertise and excellence in design, branding innovation and entrepreneurship to build soft and managerial skills and share practices across borders to empower people.
 
MBA Programs, Executive and Specialized Masters, Executive Programs, Custom Programs, Applied Research, Research Labs and Knowledge Centers all contribute to this – a wide offering aimed at professionals from all over the world and from all sectors of the economy. SDA Bocconi is among the leading Business Schools in Europe and is among the few to have gained the triple accreditation – EQUIS, AMBA and AACSB – which puts it in the élite of Business Schools worldwide.
 

Eligibility

  • Applicants must have completed an undergraduate degree in any discipline or be in their final year before applying.
  • IMB is aimed for new graduates and young executives with up to 5 years of experience.
  • Academic qualifying requirements include a minimum of 55% in 10th, 12th, and undergrad, as well as a minimum aggregate average of 70% in 10+12+undergrad.
  • All applicants are expected to take at least one of the examinations listed below before submitting their application in a specific round.
  • Bocconi Test CAT scores for 2022/2023.

Placements

  • SDA Bocconi Asia Center in Mumbai has a 100% placement record, with an average package of INR 11.3 LPA and the highest domestic package of INR 24 LPA in 2022. The highest package offered in 2022 was INR 36.26 LPA, which was a 68% increase from the previous year. In 2023, the average salary was INR 14.30 LPA, with the highest package offered at INR 39.24 LPA. The median salary was INR 13 LPA, with the top 25% students receiving an average salary of INR 20.01 LPA and the top 50% receiving an average salary of INR 17.11 LPA.

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Author
Anisha Mukhija

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