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List of Best MBA Colleges in Mumbai

Mumbai, also known as Bombay, is the financial, commercial and entertainment capital, of India. The major languages spoken here include Hindi, English, Marathi and Gujarati. Mumbai is the city of dreams; it is here where the first flight of career takes place for many people.Be it because of Bollywood or the unique corporate culture or the fast-paced busy life, the city of Mumbai is a dream for all and one city you’ll end up falling in love with.

Major financial institutions and top businesses have headquarters in Mumbai, which offer business opportunities and potential for a higher standard of living.

Mumbai has many top MBA colleges or Business schools (B-schools) which produce entrepreneurs and business leaders of tomorrow. Here is our list of the top 20 best MBA colleges in Mumbai.

1. S.P. Jain Institute of Management and Research (SPJIMR)

S.P. Jain Institute of Management and Research
S.P. Jain Institute of Management and Research

Where- Andheri (West), Mumbai

Founded– 1981

Affiliation– “A” Grade by NBA, AICTE, AMBA (UK), AIU, AACSB

Dean– Dr. Ranjan Banerjee

Motto– “अमृतं तु विद्या ” which means “Knowledge is Nectar”

Admission Through– CAT, XAT, GMAT

Fees– Around 18-19 Lacs for PGDM and PGPM

Hostel Facility– Yes

SPJIMR a top private management school. It is spread across an area of 45 acres in Mumbai. The inauguration of the B-School was done by Late Hon. Margaret Thatcher, the then British Prime Minister in 1981. The two year Post Graduate Diploma in management was the first course started here. The college has tie-ups with various leading business schools around the world like Cornell University, Texas University and Michigan State University.

Ranking

SPJIMR is 16th best MBA college in India according to NIRF, 2019. It is 18th best in Asia and 201st best in the world according to QS Global 250 MBA rankings 2019.

Courses

SPJIMR offers a multitude of courses like-

  • A two year Post Graduate Diploma in Management (PGDM). This is the equivalent of an MBA with a specialization in Finance, Marketing and Operations, Information Management and Supply Chain. 
  • A 15-month Post Graduate Management program for working professionals (PGMP) with a 5-year experience. 
  • Global Management Program with a global curriculum providing an opportunity for a diverse learning experience. 
  • A special women-oriented program called Post Graduate Management Program for Women. 
  • A full-time doctoral program called Fellow Program in Management 

As well as various other short-term programs like-

  • Doing Business in India (DBI), Start Your Business (SYB), Grow Your Business (GYB), Post Graduate in Advanced Project Management (PG in APS) and Management Development Programs (MDP’s).
  • SPJIMR also has a Delhi campus which offers courses in Post-Graduate Program in General Management.

Placement

Being one of the best MBA colleges in Mumbai, SPJIMR provides placements in various leading corporates and businesses in the world. The average salary is 26.36 LPA and the highest salary is 51 LPA for the year 2020. The top recruiters are Uber, Flipkart, Amazon, KPMG, PwC, ITC, Proctor & Gamble, etc.

Alumni

Notable alumni of SPJIMR include owners and CEO’s of various successful business ventures like- Anant Bajaj- MD Bajaj Electricals, Madan Padaki- Director and Co-founder of Sylvant Advisors, Sunil Lulla – Chairman and Founder of Grey group, India, etc.

2. NMIMS School of Management

NMIMS School of Management
NMIMS School of Management

Where– Vile Parle (West), Mumbai

Founded– 1981

Affiliation– UGC, AICTE, AMBA (UK), AIU, AACSB, SAQS

Chancellor– Amrish Patel

Motto– “Transcending Horizons”

Admission Through- NMAT by GMAC

Fees– Around 19-20 Lacs for MBA Full time

Hostel Facility– Yes

SVKM’s NMIMS School of Management is a private university. It started in the year 1981 by Shri Vile Parle Kelavani Mandal with the help of donations made by Narsee Monjee Educational Trust. Its aim was to meet the growing demand for top MBA colleges in India. NMIMS is one of India’s leading Business Schools and one of the best MBA colleges in Mumbai. It offers cutting edge technology and facilities to its students, they include Bloomberg Terminal, Mica Lab, Bosch Lab and Tissue Cultural Lab. NMIMS has tie-ups with various reputed institutions spread across different countries like Australia, USA, UK and other European and Asian countries.

Ranking

NMIMS is one of the top B-Schools in India and is on the 9th and 20th rank among the best MBA colleges according to Business Today and National Institutional Ranking Framework (NIRF) for the year 2019.

Courses

NMIMS offers MBA and PGDM programs. They can be Full-time programs, Part-time programs, Specialised Programs, Executive Programs, Diploma Certificate and Doctoral Programs in various areas of specialization such as Real Estate, HR, Law, etc.

NMIMS has campuses at Shirpur, Bangalore, Hyderabad, Indore and Navi Mumbai where it offers various other courses like Pharmacy and Engineering along with management courses.

Placement

The proof that NMIMS is one of the best MBA colleges in Mumbai is in the fact that it has a 100% placement record for the year 2019 with the highest placement of 30.37 LPA in domestic and USD 82000 in International Companies. The major recruiters for NMIMS include reputed companies like Whirlpool, Bacardi, Essar, ICICI Bank, HDFC Bank, Raymond and many others.

Alumni

NMIMS has a long list of notable alumni who are big names in the business, entrepreneur and management sector. They include- Avani Davda- MD at Nature’s Basket, Vikas Bahl- a film director, Bhaskar Sharma- MD at Red Bull India, Sundar Raman- President of Reliance Sports, etc.

3. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Jamnalal Bajaj Institute of Management Studies
Jamnalal Bajaj Institute of Management Studies

Where– Churchgate, Mumbai

Founded– 1965

Affiliation– University of Mumbai

Director– Dr. Kavita Laghate

Motto– “Setting New Standards in the Business of Management”

Admission Through– MAH-CET, CAT, PTMBA, GMAT

Fees– Around 3 lacs for MMS

Hostel Facility– Yes, but limited for only top 25 students

Jamnalal Bajaj Institute of Management (JBIMS) is a public management institute under the Department of Management Studies of the University of Mumbai. It was started by the renowned industrialist Jamnalal Bajaj. In 1965, the first full-time MMS course- (Masters in Management Studies) in India was started by Late Dr. K.S. Basu, Ex-Vice Chairman of HUL with a specialization in Finance, Personnel, Marketing, and Operations. JBIMS is a top MBA college and is famously known as “The CEO Factory” because of major notable businessmen and CEOs who are alumni of this institute. The institute also has its own yearly journal called JBIMS Spectrum.

Ranking

JBIMS is one of the top MBA colleges in India and ranks as the 9th best among the top MBA colleges according to the Economic Times.

Courses

JBIMS offers full-time courses like Masters in Human Resource Development (MHRD), Masters in Management Studies (MMS) with a specialization in Finance, Personnel (HR), Marketing and Operations; and M.Sc in Finance. The institute also offers part-time MBA courses.

Placement

JBIMS has an excellent placement record with the highest placement of 32.30 LPA and an average salary of 20.13 LPA for the year 2019. A top MBA college like this has top recruiters like Wipro, Bajaj Auto, KPMG, Michael Page, HDFC Bank, HSBC, ICICI Bank, Motilal Oswal and many others.

Alumni

Being one of the best MBA colleges in Mumbai, it has produced some of the brightest minds. Some of them are- Ajaj Piramal- Chairman of Piramal Healthcare, Chanda Kochhar- Former MD and CEO of ICICI Bank, Vinita Bali- MD of Britannia, Uday Kotak- MD and CEO of Kotak Mahindra Bank, etc.

4. Shailesh J. Mehta School of Management

 Shailesh J. Mehta School of Management
 Shailesh J. Mehta School of Management

Where– Powai, Mumbai

Founded– 1995

Affiliation– University of Mumbai

Director– Mr. S. Bhargava

Motto– “ज्ञानम् परमम् ध्येयम् “ which means “Knowledge is the Supreme Goal”

Admission Through– CAT, WAT, PI

Fees– Around 2.55 Lacs

Hostel Facility– Yes

Shailesh J. Mehta School of Management (SJMSOM) is a public management institute and one of the best MBA colleges in Mumbai. It started in the year 1995 and is named after the Mechanical Engineer Dr. Shailesh J. Mehta. It is a part of the Indian Institute of Technology, Bombay (IITB). IITB started this management institute to nurture innovation and to integrate all other disciplines like science and technology with management, research and training.

SJMSOM has various clubs, events and organizes workshops as well as international exchanges for students which helps them learn management skills through an innovative learning experience.

Ranking

SJMSOM is a premier world-class institute that ranks 4th best on the QS World Ranking in Business and Management Studies, 5th best on the National Institutional Ranking Framework, 2018 and 16th best among the top MBA colleges according to Outlook India for the year 2018.

Courses

SJMSOM offers a full-time MBA course, a Doctoral program, Management Development programs and an 18-month Executive MBA (EMBA) program jointly with Washington University, St. Louis. The admission is through a CAT exam followed by Written Ability Test (WAT) and a personal interview.

Placements

Each year SJMSOM has campus placements with many major companies coming to the campus to hire students. Being one of the top MBA colleges in Mumbai, it has major recruiters include- Amazon, Cadbury, Deloitte, HSBC, HDFC Bank, ICICI Bank, Dell, Sidbi, Barclays, Colgate, Cipla and many others. The highest package for the year 2019 was 32.40 LPA and an average of 20.8 LPA.

Alumni

The notable alumni of this prestigious institution include big names like Sudarshan Bajoria- Director of ICICI Ventures, Mukti Khaire Asst. Prof. at Harvard Business School, Mukesh Kothari VP at Deloitte Consulting India, etc.

5.  Tata Institute of Social Sciences (TISS)

Tata Institute of Social Sciences (TISS)
Tata Institute of Social Sciences (TISS)

Where– Deonar, Mumbai

Founded– 1936

Affiliation– UGC, Washington University, St. Louis McDonnell International Scholars Academy

Director– Shalini Bharat

Motto– Re-Imagining Futures

Admission Through– TISS NET

Fees– Around 1.10 Lacs

Hostel Facility– Yes

Tata Institute of Social Sciences (TISS) is a public research institute and deemed university started by the Sir Dorabji Tata Trust in the year 1964. It is the oldest institute for Professional Social Work and was earlier known as Sir Dorabji Tata Graduate School of Social Work. TISS offers management courses under the School of Management and Labour Studies, TISS. 

TISS has 4 campuses in India, one each at Mumbai, Tuljapur, Hyderabad and Guwahati along with support centres for teaching and training, research and development support, spread across various cities in India.

Ranking

TISS is at the 49th rank all over India and 32nd rank among the universities in India according to the National Institutional Ranking Framework of 2018.

Courses

TISS offers 3 M.A. programs in the fields of Human Resources Management and Labour Relations, Globalisation and Labour, and Social Entrepreneurship; and an Executive Diploma program in Human Resources Management. TISS takes part in various research, innovation and consultancy through its various centres spread across India.

TISS is a part of the National Corporate Social (CSR) Responsibility Hub. It is also engaged with the Rashtriya Uchchatar Shiksha Abhiyan (RUSA), the Centre for Academic Leadership and Education Management, the All India Services Officers’ Training, and the National Higher Education Resource Center (NHERC).

Placement

The top recruiters at TISS are Bajaj Auto, L&T, Infotech, OYO Rooms, Deloitte India, Samsung, etc. The Highest package for the last year was 27 LPA and with an average package of 18.77 LPA.

Alumni

Notable TISS alumni include- Anu Zachariah- MD of DDI India, Anu Aga- Former Chairman of Thermax, Mr. Makarand- CHRO of Kotak Group and other big names in the business industry.

6. National Institute of Industrial Engineering (NITIE)

National Institute of Industrial Engineering
National Institute of Industrial Engineering

Where– Powai, Mumbai

Founded– 1963

Affiliation– AICTE

Director– Manoj Kumar Tiwari

Motto– Udyog Pragati- Progress in Industry

Admission Through– GATE, CAT

Fees– Around 15 Lacs

Hostel Facility– Yes

National Institute of Industrial Engineering (NITIE) is a public management institute. It started in the year 1963 with the help of the United Nations Development Program (UNDP) and International Labour Organisation (ILO) in Mumbai. The government of India funds NITIE and it is a society registered under the Societies Registration Act. NITIE has a legacy of 34 years and a name in the management and business industry. Since it is one of the best MBA colleges in Mumbai, NITIE has also been recommended by noted industrialists Anand Mahindra and Deepak Parekh to be added to the list of IIM’s in India and to be recognized as one of them. It is one of the centres of excellence along with the IIMs in India.

Ranking

Not only is NITIE one of the best MBA colleges in Mumbai; it also ranks as the 14th best MBA college in India as per the National Institutional Ranking Framework (NIRF).

Courses 

NITIE offers management Courses like Post Graduation in Visionary Leadership for Manufacturing, Post-Graduate Diploma in Industrial Engineering (PGDIE), Industrial Management (PGDIM), Industrial Safety and Environmental Management (PGDISEM), Manufacturing Management (PGDMM) and Project Management (PGDPM). It also offers Doctoral Fellowship programs to students.

Scholarship-

NITIE offers scholarship to academically excellent and poor students by National Institute of Industrial Engineering Scholarships so that they get a chance to study at one of the best MBA colleges in Mumbai.

Placement

Major companies like Amazon, KPMG, Coca-Cola, Accenture, Walmart, Cognizant, etc are recruiters for NITIE. The highest placement offered to NITIE students was 49.50 LPA and the average was 19.77 LPA for the year 2019.

Alumni

The notable alumni of NITIE include- Kumar Subramanian- Senior VP of Sutherland Global Services, V. Mani- VP of Cadbury, G. Natarajan- VC and CEO of Zensar Technologies and many others names in the industry.

7. K. J. Somaiya Institute of Management Studies and Research (SIMSR)

K. J. Somaiya Institute of Management Studies and Research
K. J. Somaiya Institute of Management Studies and Research

Where– Ghatkopar East, Mumbai

Founded– 1981

Affiliation– University of Mumbai, AICTE, SAQS, AACSB, 

Director– Prof. (Dr.) Monica Khanna

Admission Through– CAT, XMAT, GMAT, CMAT

Fees– Around 14 Lacs

Hostel Facility– Yes, Limited

SIMSR is an autonomous business institute established by K. J. Somaiya Trust and Somaiya Vidyavihar in Mumbai in the year 1981. Mr. Manmohan Singh, the former prime minister of India, inaugurated the institute. KJ SIMSR has state-of-the-art infrastructure and offers excellence in academics by its excellent faculty. The institute organizes various events and programs to foster all-round the development and academic training of students.

It has programs for International Relations, events and student exchanges to promote cross-cultural experiences and holistic learning. 

Courses

Courses offered by KJ SIMSR include Masters in Computer Application (MCA), Post Graduate Diploma Programs, Full-time Masters in Business Studies (MBA) in areas of Specialisation like International Business, Retail Management, Financial Services, Financial Services, Integrated Marketing Communication, Health Care Management, Human Resource, and Executive. It also offers part-time MBA programs and Doctoral Ph.D. programs to students. 

Scholarship

In order to provide bright minds with a chance to study at one of the best MBA colleges in Mumbai, SIMSR offers scholarships to its students on the basis of their academic excellence and economical background.

Placement

The major recruiters of SIMSR include-ITC, Amazon, Puma, HDFC Bank, Deutsche Bank, ICICI Bank, Google and many others. The highest placement for the year 2019, offered to students of KJ SIMSR was 28.50 LPA and the average was 10.08 LPA.

The highest stipend for summer internship for an SIMSR student was 1.45 Lacs per month.

Alumni

As it is one of the best MBA colleges in Mumbai, it attracts the brightest minds. Some of them who have studied at SIMSR are- Saru Kaushal- Country Business Head at American Express, Sudhir Shenoy- CEO of Dow Chemical – India, Shivani Gupta- Associate Director at Dasra, Anuj Bhargava- CEO at AB Associates and many others.

8. Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE)

Sydenham Institute of Management Studies, Research, and Entrepreneurship Education
 Sydenham Institute of Management Studies, Research, and Entrepreneurship Education

Where– Churchgate, Mumbai

Founded– 1983

Affiliation– University of Mumbai

Director– Mr. Manoj Bhide

Motto– ‘Samudyogo hi vishvajita” which means “Diligent Efforts Conquer the World”

Admission Through– CAT, MH-CET, MAT, XAT

Fees– Around 1.5 Lacs

Hostel Facility– Yes but Limited

 Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) is an Institute of Management Studies under the University of Mumbai established in the year 1913 at Mumbai. It comes under the Sydenham College of Commerce and Economics and is named after Lord Sydenham of Combe, the then Governor of Bombay. SIMSREE is one of the most reputed Business School in India offering excellence in management studies.

Ranking

SIMREE ranks 39th among the best management institutes in India according to Business Today, 2019 and Economic Times, 2019. It has CRISIL A** at the national level and A*** at Maharashtra Level. Making it a top MBA college.

Courses

SIMREE offers full time and part-time Master’s courses in management along with a Doctoral Program with a specialization in Marketing, Finance, Human Resource and Operations. The full-time courses include 2-year Masters in Management Studies (MMS) and Post Graduate Diploma in Business Management (PGDBM). The part-time courses offered are 3-year Masters In Financial Management (MFM) and Masters in Marketing Management (MMM).

Placements

The top recruiters for SIMREE are Capgemini, Aditya Birla Group, CRISIL, Axis Bank, Deloitte, CITI Bank, McDonald’s, JP Morgan Chase &Co. etc. The Highest package of SIMREE students for the year 2019 was 20 LPA and the average package of 11 LPA.

Alumni

The alumni of the college include Abhijeet Dey- VP at Kotak Mahindra Asset Management Co. Ltd., Alok Mulye- VP of Kotak Mahindra Bank, Vishal Bali- ex-CEO of Fortis Global Healthcare and many more.

9. SIES College of Management Studies

SIES College of Management Studies
SIES College of Management Studies

Where– Nerul, Navi Mumbai

Founded in- 1995

Affiliation– University of Mumbai

Director– Mr. Bigyan Verma

Motto– Rise with Education

Admission Through– CAT, MAT, XAT

Fees– Around 2.5- 3.5 Lacs

Hostel Facility– Yes but Limited

South Indian Education Society (SIES) is one of the oldest educational societies in India started by Shri M.V. Venkateshwaran in the year 1932. The SIES College of Management started in the year 1995 to provide quality management education and training to students needed for the 21st century. It has a modern, well equipped, and facilitated campus with all amenities required by the students. SIES organizes various conventions and events to foster the growth of management education and student participation in various events.

Ranking

SIES ranked 51st on the list of best management colleges in India by Business Today, 2019 and was ranked 31st by The Economic Times in 2019.

Courses

SIES offers courses in management studies which include Full-time masters in Management studies, Post-graduate Diplomas in Management (PGDM), in-Pharmaceutical Management (PGDM PM), Biotechnology and PGDM for working executives. SIES also offers Masters in Computer Application (MCA).

Placements

The top recruiters for SIMREE are Capgemini, Aditya Birla Group, CRISIL, Axis Bank, Deloitte, CITI Bank, Mcdonalds, JP Morgan Chase &Co. etc. The Highest package of SIMREE students for the year 2019 was 20 LPA and the average package was of 11 LPA.

10. Welingkar Institute of Management Development & Research (WeSchool)

Welingkar Institute of Management Development & Research
Welingkar Institute of Management Development & Research

Where– Matunga, Mumbai

Founded– 1977

Affiliation– AICTE, NBA, MHRD, NAAC

Director– Mr. Uday Salunkhe

Motto– Forward Thinking

Admission Through– CAT, GMAT, MAT, XAT, ATMA

Fees– Around 12-14 Lacs

Hostel Facility– Yes 

WeSchool, one of the top business schools in India, was started under the aegis of S.P. Mandali Trust in the year 1977. It is a private management institute with campuses in Mumbai and Bangalore. It provides students with state-of-the-art infrastructure and excellent faculty including international faculty. The unique features and facilities of WeSchool include Finance GYM, Finance Lab, Development Center, Industry Roundtable and many more such creative means of fostering quality management education.

WeSchool has various international tie-ups with institutions like Harvard Business School; Sogang University, Korea; Audencia Nante, France, etc. to promote cross-boundary learning of management studies.

Ranking

WeSchool is one of the best MBA schools in Mumbai and ranks among the top 100 business schools in India according to the National Institutional Ranking Framework (NIRF). 

Courses

WeSchool offers full time, part-time and executive courses in management. The courses include Masters and Post Graduate Diploma courses like- PGDM, PGDM E-Business, PGDM Business Design, PGDM healthcare, PGDM media and entertainment, PGDM Rural Management, Masters in Financial Management, Masters in Information Management, Masters in Marketing, Part-time Management Courses, etc. WeSchool also offers a Ph.D. program and distance learning programs to students.

Placement

The highest package at WeSchool for the year 2019 was 12.4 LPA and the average package was 9.20 LPA. The top recruiters for WeSchool are Bisleri, Nestle, HP, Deloitte, Accenture, L&T and ICICI Bank. Students have an opportunity for academic excellence along with placement from reputed companies at WeSchool.

Alumni

The notable alumni of WeSchool include top-ranking officials, businessmen and entrepreneurs.

11. ITM Business School

ITM Business School
ITM Business School

Where– Kharghar, Navi Mumbai

Founded– 1991

Affiliation– AICTE

Chairperson– P.V. Ramana

Admission Through-CAT, MAT, XAT, GMAT

Fees– Around 10 Lacs

Hostel Facility– Yes 

ITM Business School started in the Year 1991 by the ITM Group of Institutions by Mr. P.V.Ramana in Mumbai. The school has a well-equipped campus with an auditorium, high-speed Wi-Fi, placement cell, modern classrooms and many other essential facilities. ITM B-School is one of the finest business schools in India and has campuses in Mumbai, Warangal, Chennai, Vadodara and Raipur. It provides quality management education with a 100% placement record.

Ranking

ITM B-School is at the 32nd rank as per Business World B-school survey, 2019 and at the 20th rank on Maharashtra B-school Survey, 2019.

Courses

ITM B-School offers 2 year full-time PGDM iConnect courses in specialized fields like Marketing, Finance, Operations Management, International Business, Human Resource Management, Retail Management, etc

It also offers scholarships based on various criteria for its students.

Placement

The highest placement salary offered to students of ITM B-School for the year 2019 was 22 LPA and the average package was 8.5 LPA with around 600 companies coming for placement. The top recruiters hiring from ITM Business School include Deutsche Bank, IndusInd Bank, Birla SunLife, Amazon, Lodha Group, Justdial, TCS, Asian Paints, etc.

Alumni

The notable alumni from ITM Business School include Bharath Parekh- MD Bank of America; Kanika Mohan- Lead strategist with Celeb Access Solutions Fox Star Studios, Anil D’sSouza- Head HR of Star Union Dai-Ichi Life Insurance Co, Ltd; Ankit Srivastava-Associate VP of HSBC Bank and many others.

12. N. L. Dalmia Institute of Management Studies and Research (NLDMISR)

N. L. Dalmia Institute of Management Studies and Research
N. L. Dalmia Institute of Management Studies and Research

Where– Mira Road, Navi Mumbai

Founded– 1995

Affiliation– University of Mumbai

Chairman– Shri Shivkumar Dalmia

Admission Through-CAT, MAT, XAT, GMAT, MAH-CET, ATMA

Fees– Around 27 Lacs

Hostel Facility–  Yes 

N.L. Dalmia Institute of Management Studies and Research (NLDIMSR) is a private management institute under the aegis of N.L. Dalmia Education Society started by Late Shri Niranjan Dalmia in Mumbai in the year 1995. NLDIMSR provides quality management education with a global outlook and social conscience. It is one of the finest B-Schools in Mumbai and is one of the first few colleges with a Bloomberg Finance lab with 12 Terminals, providing world-class infrastructure to its students. It is a renowned name for management education in India, bringing in recruiters from various top-notch companies. Each year it organized various events, industrial visits, seminars and intra-collegiate fests like “AAKARSHAN” for its students.

Ranking

NLDIMSR ranks amongst the top 25 B-Schools in India by various surveys like Zee Business, The Pioneer Newspaper, etc.

Courses

NLDIMSR offers Post-Graduate Diploma in fields like Finance, Human Resource and Marketing; and Masters in Finance, Marketing Management and Human Resource. It also provides Doctoral programs, Certificate Programs and Global MBA programs along with the University of Wisconsin, USA.

The institute also offers global certifications in association with Bloomberg, SAS, Aplhabeta, SPSS, Markstrat, My Social Responsibility (MSR), etc.

Placement

NLDIMSR attracts the top recruiters from different fields and countries. The major recruiters coming each year include ITC, Paytm, PWC, Nobel Hygiene, NSE, Philips, Mastek, Thomas Cook, Vodafone, Zomato, Zee Entertainment, etc. 

The Highest package for the year 2019 was 24 LPA and the average package was 7 LPA for NLDIMSR. 

Alumni

A top college like NLDIMSR has produced top class alumni including- Nadeem Japanwala, Director and Head of Equity Operation at Daiwa Capital Markets India Pvt. Ltd., Kunal Valia- Director at Credit Suisse, Gaurav Jain- Asst. VP at Institutional Equities, Pushparaj Shetty- Ass. Director at S Group and many other top businessmen.

13. ICFAI Business School

ICFAI Business School
ICFAI Business School

Where– Powai, Navi Mumbai

Founded– 1995

Affiliation– Independent Professional Institute, not recognized by AITCE

Director– Dr. Pritee Sanjeev Saxena

Admission Through-NMAT, IBSAT

Fees– Around 4.2 Lacs

Hostel Facility– No 

ICFAI Business School (IBS) is one of the top B-Schools in India, started in the year 1995 and has various campuses spread across India. IBS has campuses in different cities like Ahmedabad, Bengaluru, Gurgaon, Kolkata, Jaipur, Dehradun, Mumbai and Pune. IBS provides excellence and quality management education along with the state-of-the-art infrastructure, modern facilities and excellent faculty.

Ranking

IBS Mumbai ranks 20th among best B-School by Business Today and has an A++ rating by Business India. It is one of the top MBA colleges in India and Maharashtra.

Courses

IBS Mumbai offers BBA, PGPM and Ph.D. programs. The institute offers 2- year Post Graduate Program in Management and 3-year BBA program. It also offers Doctoral programs.

Scholarship

IBS is one of the best MBA colleges in Mumbai. Keeping this in mind it realises that some may not be able to meet the financial demands of the institute and it provides financial support and scholarship to students in need by the way of 3 scholarship programs. The 3 Scholarship programs are – Digital Marketing Ambassadors, Library Assistantship and Computer Lab Assistantship. 

Placement

IBS Mumbai has top recruiters like ICICI Bank, Kotak Mahindra, Deloitte, Lodha Group, RBL Bank, Treebo Hotels, HDFC Bank and many others, coming in each year for student placements. The highest package for the year 2019 was 16.40 LPA and the average package was 9.70 LPA. IBS Mumbai had an almost 100% Placement record for the year 2019.

Alumni 

The alumni of IBS Mumbai include top-ranking management executives, businessmen and entrepreneurs. IBS Mumbai organizes an alumni meet each year to foster mentorship for students from the alumni of the college. It promotes the involvement of alumni in the events of alma mater.

14. Universal Business School

Universal Business School
Universal Business School

Where– Karjat, Mumbai

Founded– 2009

Affiliation– AITCE

Founder-Mr. Gurdip Singh Anand

Motto– Transforming Lives

Admission Through– AIMA-UGAT, CAT, GMAT, CMAT

Fees– Around 10 Lacs for MBA

Hostel Facility–  Yes

Universal Business School is one of the best MBA colleges in Mumbai. It was started by three senior executives from Thomson Reuters, Omkar Realtors & Developers and Blue Star, in the year 2009 in Karjat, Mumbai. The founders of the institute are Gurdip S Anand, Babulal Varma and Tarundeep S Anand. UBS has various Global Academic Partners like the University of Dallas, Lincoln University, Cardiff Metropolitan University and many others, which provide excellent education to its students. The institute provides world-class infrastructure and has an international exchange for students through tie-ups with Kent State University, Thomas More, Athens University Of Economics and Business, IPAM and many other international organizations. UBS is India’s First Globally Accredited GMP (MBA) for Global Strivers.

Ranking

UBS is one of the best MBA colleges in Mumbai and ranks amongst the top 4 B-schools in India according to TOI.

Courses

UBS offers management courses which include- BBA, BA and integrated BBA+MBA programs. It also offers AICTE approved PGDM programs- general and with Foreign Collaboration; Executive MBA and Global Programs. 

Scholarship

UBS provides scholarships to students based on academic merit and financial background.

Placement

Major recruiters for UBS are Asian Paints, Airtel, Coca-Cola, SONY, Honda, Jaguar, Bajaj Electricals, Group M, Camlin and many other reputed companies. The highest package for the students of UBS for the year 2019 was 20.5 LPA and the average package was 10.95 LPA. Around 273 recruiters took part in the 2019 placement. Many global recruiters also take part in the placement process each year at UBS.

Alumni

Being a top MBA college it, has many notable alumni of UBS include- Monica Tata- CEO of Bloomberg TV; Deepak Kapoor- Chairman of PWC; Ridham Desai- MD Morgan Stanley; Tomio Isogai- MD & COO of SHARP, etc. UBS is also the only B-School endorsed by 60 CEOs. 

15. School of Management, D.Y. Patil University 

School of Management, D.Y. Patil University
School of Management, D.Y. Patil University 

Where– Belapur, Navi Mumbai

Founded– 2004

Affiliation– AICTE, UGC, NCTE, Padmashree Dr. D.Y. Patil University

Director– Dr. R Gopal 

Admission Through– CMAT

Fees– Around 5 Lacs for MBA

Hostel Facility– Yes

The School of Management, D. Y. Patil University (DYPU) is a private management institute under D. Y. Patil. It was established in the year 2004 and provides around 18 courses in Management, including BBA and MBA with an aim to provide quality education in management studies.

The institute fosters management education through a unique way of classroom education combined with fieldwork, corporate interactions, workshops, seminars and live projects.

Like every top MBA college should, this college also has excellent infrastructure along with various facilities like placement cell, research and development cell and a well-equipped library with thousands of databases. It has modern classrooms with OHP, LCD and computer facilities. It also organizes various sports, cultural, special and social events for its students.

Ranking

School of Management ranks 69th on the Times B School Ranking 2020 and 24th among the top MBA colleges in Maharashtra according to Business Today ranking 2019.

Courses

School of Management DYPU offers management courses like Masters in Business Administration (MBA) in fields like Marketing, Finance, Entrepreneurship, Human Resource Management, Operations Management, International Business Management, Banking & Insurance, Health, and Hospital Management, Biotechnology Management, Logistics, and Supply chain Management, Sports Business Management, Aviation Management, and Pharmaceutical Industry Management. DYPU also offers undergraduate BBA courses.

Placement

The school conducts various seminars and practice tests before placements to guide students. Major recruiters for the School of Management DYPU include Accenture, ICICI Bank, Kotak Mahindra Bank, HDFC Bank, CRISIL, Cognizant, Nestle, Amul, Cafe Coffee Day, Capgemini, OYO Rooms, L&T, IKEA, BYJU’s and many others. For the year 2019, the highest package offered to students of School of management DYPU was 10.50 LPA and the average package was 7.5 LPA.

Alumni

The alumni of the School of management DYPU are top executives in various domestic and international companies and businesses.

16. IES Management College and Research Centre

IES Management College and Research Centre
IES Management College and Research Centre

Where– Bandra West, Mumbai

Founded– 1998

Affiliation– AIMA, IDMA, NBA, BMA, AICTE, University of Mumbai, AIU

Chairman– Mr. Sameer Tamhane

Motto– “Creating Leaders for sustainable development”

Admission Through– CMAT, GMAT, CAT, MAT, ATMA, MH CET

Fees– Around 6-7 Lacs 

Hostel Facility–  Yes

Indian Education Society Management College and Research Center is one of the best management institutes and research centres. It was established by the Indian Education Society (IES) in the year 1998 and is one of the oldest Public Charitable Trusts Committees in India. The management colleges under IES started with the aim to provide sustainable development of management studies and for creating leaders of tomorrow. The institute has state of the art infrastructure with an excellent faculty to promote academic excellence and provide an environment for research and developmental activities. IES Management college also has an independent research journal called “Anvesha” and a quarterly research journal listed on a well-known database called ProQuest.

Ranking

IES Management College and Research Centre is one of the top MBA colleges in India and ranks 68th and 144 best on the survey list of The Week and Business Today.

Scholarship

The ‘Government of Maharashtra Scholarship’ is available and awarded to students of the institute so that they can get educated at one of the best colleges in Mumbai.

Courses

The institute offers management courses like a 2-year full-time course on Masters in Management Studies (MMS) in fields like Marketing, Human Resource and Operations, a 2 years full-time Post-Graduate Diploma in Management (PGDM), Post-Graduate Diploma in Pharmaceutical and Healthcare Management (PGDM PHM) and Doctoral Courses affiliated to Mumbai University. 

Placement

Being one of the best MBA colleges in Mumbai, it attracts recruiters such as HDFC Bank, ICICI Bank, Kotak Mahindra, RBL, BYJU’s, KPMG, Adobe, Amul, Yes Bank and many others. The highest salary package for the students of IES was 16 LPA and the average package for the year 2019 was 5.85 LPA.

Alumni

IES organized various alumni meets and events for the interaction of students with the alumni and to encourage the participation of alumni in their alma mater by providing mentorship to students. The alumni of the college are high-level employees at various big organizations and companies.

17. Swayam Siddhi College of Management and Research (SSCMR)

Swayam Siddhi College of Management and Research
Swayam Siddhi College of Management and Research

Where– Thane, Maharashtra

Founded– 2006

Affiliation– AICTE, University of Mumbai

Chairman– Adv. Arunkumar Bhimraoji Shelke 

Admission Through– MAT, CAT, ATMA, MH CET

Fees– Around 1.5 Lacs 

Hostel Facility– No

Swami Siddhi College of Management and Research (SSCMR) is one of the best MBA colleges in Mumbai. It is a well reputed private management college, started in the year 2006. It comes under the University of Mumbai and has NAAC B+ Accreditation. SSCMR has various facilities like a Wi-Fi enabled 3-acre campus, a well-stocked library, laboratories, modern classrooms, IT infrastructure and various other amenities. It makes use of various media equipment like VCRs, OHPs, LCD Projectors, Computer Systems, etc. to impart Management studies and training. SSCMR has excellent faculty and various alumni at top positions in various companies.

Courses

SSCMR offers 2 regular courses. First, a full-time 2 year Masters in Business Management (MBA) and second, a 2 year Masters in Management Studies (MMS). The admission in SSCMR is through qualifying exams like CAT, MAH CET, CMAT, GMAT, XAT and ATMA.

Placement

At SCCMR each year, students get the opportunity for an on-campus placement by major reputed companies. Since it is one of the Best MBA colleges in Mumbai, it attracts top recruiters like- ITC, ONGC, WIPRO, Indian Oil, HDFC Bank, AXIS Bank, ICICI Bank, Reliance, L&T, etc. 

18. St. Francis Institute of Management and Research (SFIMAR)

St. Francis Institute of Management and Research
St. Francis Institute of Management and Research

Where– Borivali West, Mumbai

Founded– 2002

Affiliation– AICTE, University of Mumbai

Chairman– Bro. Jose Valliara

Admission Through– XAT, CAT, MH CET

Fees– Around 4 Lacs

Hostel Facility– Yes

St. Francis Institute of Management & Research (SFIMAR) is a private management institute established by The Society of the Congregation of Franciscan Brothers in the year 2002. The Congregation started in the year 1901 in Mandapeshwar to look after and educate the orphans. Today it has spread over 68 centres in India and to various other countries like Germany, France, etc. SFIMAR comes under the University of Mumbai and started with the vision to provide quality management education to the students. It has state-of-the-art infrastructure, excellent and dedicated faculty, well-equipped campus and all the necessary amenities. Seminars, Events and Luminaries in Management visit the campus to provide management education and foster various management skills in them. Like every top MBA college strives to transform its students into Global Leaders of tomorrow.

Ranking

SFIMAR is one of the best business colleges in Mumbai and ranks 109th best in India according to the survey done by The Week in 2019.

Courses

The full-time courses offered by SFIMAR include Masters in Management Studies (MMS) and Post-Graduate Diploma in Management (PGDM) with specialization in fields like Human Resource, Finance, Marketing, IT and Operations, under the Mumbai University. It also provides part-time courses like 3-year MMS in Marketing and Financial Management, Doctoral Courses, Training, and Certificate Courses.

Placement

The major companies recruiting from SFIMAR are ICICI Bank, Kotak Mahindra Finance Ltd., The Nielsen Co., KPMG, CITI Bank, AXIS Bank, Aditya Birla, Black Rock, Godrej, and many others. For the year 2019, SFIMAR had a 77% placement rate and an increase of 24% from the placement rate of 2018.

19. Bharati Vidyapeeth Institute of Management Studies and Research (BVIMSR)

Bharati Vidyapeeth Institute of Management Studies and Research
Bharati Vidyapeeth Institute of Management Studies and Research

Where– Belapur, Navi Mumbai

Founded– 1984

Affiliation– University of Mumbai

Director– Dr. Anjali A. Kalse

Admission Through– CAT, MAT, XAT

Fees– Around 5 Lacs 

Hostel Facility– Yes

Bharati Vidyapeeth Institute of Management Studies and Research (BVIMSR) is a private management institute established in the year 1984 in Navi Mumbai. It is affiliated to the University of Mumbai and aims to promote quality management education for a social change in the society. BVIMSR offers various facilities like world-class infrastructure, Library with thousands of books and databases, Modern Wi-Fi enabled classrooms, Seminars and Conference Halls, Canteen, Women Development Cell and a beautiful campus located at a picturesque scenic landscape. BVIMSR also has its own independent management journal called BVIMSR Journal of Management Research. Various intra colleges events, seminars, fests and workshops are organized by each year to foster management training and skills in students.

Ranking

BVIMSR ranks among the top MBA colleges in Maharashtra and ranks 117th in India according to a survey by Business Today 2019.

Courses

BVIMSR offers 2-year regular courses like Post Graduate Diploma in Management (PGDM), Master of Business Administration (MBA), Masters in Management Studies (MMS) and doctoral Ph.D. courses to its students. Summer Internships and Industrial Site visits are also a part of the curriculum for students of BVIMSR.

Placement

Renowned companies like OYO, TOI, enrich, HDFC Bank, BYJU’s, Capital First, TATA, ICICI Bank, Dabur, Mahindra Finance, etc makes it to the list of recruiters hiring students of BVIMSR each year. For the year 2019 BVIMSR has a 79% placement rate.

Alumni

Alumni of Bharati Vidyapeeth are placed in various companies spread across the world and top-level positions. BVIMSR also has an alumni association and organizes various student-alumni meet to foster communication and mentorship between them.

20.  Atharva Institute of Management Studies (AIMS)

Atharva Institute of Management Studies
Atharva Institute of Management Studies

Where– Malad West, Mumbai

Founded– 2003

Affiliation– AICTE, DTE, University of Mumbai

Director– Dr. Sujata Pandey

Admission Through– CAT, MAT, XAT, GMAT, MAH CET

Fees– Around 2-3 Lacs 

Hostel Facility–  No

Atharva Institute of Management Studies is a private management college established in Mumbai in the year 2003 by Executive President Mr. Sunil Rane. AIMS is one of the best management colleges in India and it strives to promote excellence in management studies in students. AIMS provides World Class infrastructure, Innovative learning, Global Programs and Management, International Study Tours, Personal Development, German Language as a part of the curriculum, Entrepreneurship Cell, Placement Cell and many other attractive facilities. Various corporate meets, seminars, fests and events are organized at AIMS for the student to take part and gain management training and skills through an innovative learning process.

Ranking

AIMS is one of the best MBA colleges in Mumbai. It was nationally ranked 181 by NIRF in 2019 and 171st by the Survey done by Business Today in the year 2019.

Courses

AIMS provides its flagship courses in Management which includes- Masters in Management Studies (MMS), Postgraduate Diploma in Management, part-time programs in fields like Human Resource, Finance and Marketing. AIMS also provides Global Immersion Programs to give the students a global learning experience through cross-cultural programs with tie-ups with various organizations around the world.

Placement

The top recruiters for AIMS include Lenskart, HDFC Bank, Reliance, IIFL, Accenture, OPPO, Morningstar India, Air India, ICICI Bank and many others. The highest package for the year 2019 for AIMS student was 12LPA and the average package was 6 LPA. AIMS had a 100% placement record for the year 2019. 

Alumni

The alumni of AIMS are well placed and working as top executives in various reputed companies in India.

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About the author

Education Writer at Edunify

I am a law student at New Law College, Pune. Reading books, sports and learning new languages are a few of my interests. I am inspired by various cultures around the world and like reading about them.


Namrata Vashisht

Namrata Vashisht

I am a law student at New Law College, Pune. Reading books, sports and learning new languages are a few of my interests. I am inspired by various cultures around the world and like reading about them.

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