MBA is a hot degree in the 21st century as it opens a broad spectrum of opportunities both domestically and globally. It is one of the most hailed courses worldwide due to its great ROI in future. There are approximately 226 management colleges in Mumbai offering great financial and business management courses and high placements.
Also, MBA is a good shot for students coming from Tier 2 & 3 UG colleges as it builds a good career path for them where they can serve big companies directly. Here is a list of the 5 best MBA colleges in Mumbai that take admission based on applicants’ CAT and CMAT scores.+
1. KJ Somaiya Institute of Management, Mumbai
Established in 1981, the SIMSR comes under the umbrella organisation of Somaiya Vidyavihar University, known for its good academic calendar and high placement opportunities. During the NIRF 2020 ranking, this institute has been ranked well, with 56 in the management category. Students can take admission in this 5 acres university during the upcoming admission session.
Accepted Exams: CAT, CMAT, XAT, GMAT
Type: Private Autonomous
2. Shailesh J Mehta School of Management, IIT Bombay
A reputed institute of national importance, the SJMSOM is a part of IIT Bombay, which was started in 1995 to impart world-class MBA education. Coupled with the care of IIT Bombay, this b-school has emerged as a hot MBA destination for students looking for great placements. It was ranked well by NIRF 2020 as 11th for MBA that speaks for itself. The 2021 graduating batch registered a 100% placement record, which is a remarkable feat in itself.
Accepted Exams: CAT, CMAT
Type: Private
3. Jamnalal Bajaj Institute of Management Studies
Established in 1965, JBIMS is the highest-ranked MBA hub in Mumbai. For its grand performance, it was ranked number 10 on The Economic Times 2019 list. It accepts online applications in its MBA programmes. It boasts great placement records, with the highest salary of 33 LPA in 2021. Some of the notable companies coming here for placements are PwC, Amazon, Flipkart and more.
Accepted Exams: CAT, CMAT, GMAT
Type: Private
4. National Institute of Industrial Engineering
Established in 1963, NITIE is a government institution that offers 7 courses across two streams, including the MBA course. The fee structure for this college is between 11.3-13.5 lakhs for the course. It provides great academic facilities and placement support. It also provides a one-year certification course.
Accepted Exams: CAT, CMAT
Type: Public/Government
5. S.P. Jain Institute of Management and Research
Established in 1981, SPJIMR is a highly-rated b-school in Mumbai that is a constituent of Bhartiya Vidya Bhavan. With a lush green 45 acres campus, this is one of the best MBA colleges in Mumbai. It is accredited as NBA, AACSB International, and was ranked number 2 for Private MBA College by Outlook 2020. Students seeking admission to this college can get it on two bases: entrance-based and merit-based. It has a fantastic placement record with global companies like Amazon, Mahindra, Deloitte, PwC, Uber, Castrol, P&G, General Mills pulling up for placement. In 2020 they registered the highest CTC as 51 LPA, which is a considerable feat considering the widespread pandemic.
Accepted Exams: CAT, CMAT
Type: Private
All the above 5 MBA colleges in Mumbai are reputed institutions known for their long-lasting legacy and great ROIs. If you are looking for the best MBA colleges in Mumbai, check out the college websites of the above-listed institutes for their admission process.
Check out the detail information related to cutoffs, placements, courses, fees, admissions and more for MBA Colleges accepting CMAT in Mumbai at https://www.shiksha.com/mba/colleges/mba-colleges-accepting-cmat-mumbai