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    Best MBA Colleges in Mumbai

    Master of Business Administration which more commonly referred to as MBA is a degree course which students usually tend to pursue after their bachelor's degree. The MBA courses usually focus on developing the leadership, initiative and the individual excellence required to be successful at a career in the field of management, business, and entrepreneurship. This course also provides theoretical as well as practical training to the candidates to help them gain an understanding of the general business.

    There are options for specialization in the field of MBA that the candidate can choose based on their area of interest. Once the candidate completes the course successfully, they are hired for different job roles with high salary packages depending on their knowledge and skill sets. The course also develops skills which the candidates can use further in their daily life as well as in their careers. 

    Candidates are hired for different job roles with good salary packages which help them in working better in their work field. Some of the job profiles are Business Development Manager, Human Resource Manager, Business Executive, Project Manager, and different job roles. They are hired in some of the top companies after they complete their course in the field. 

    MBA Colleges in Mumbai: Specialization Available

    MBA is a field that provides candidates with many options to do a specialization in. The candidate can decide in which field he/she wishes to specialize in. After pursuing a specialization in a particular field, they gain the skills and knowledge related to the field. 

    Given below is the list of specialization in MBA: -

    MBA Colleges in Mumbai: Admission Process 2024

    The admission process of every college is different based on the college norms and regulations that they set. The admission process is based on either merit-list or the scores received on the entrance examination that the candidate appears for. The candidate needs to follow the guidelines of the college to get admission to the course. 

    Mentioned below is the list of some of the entrance examinations that are conducted to grant admission for the course: -

    MBA Colleges in Mumbai: Specialization Wise List

    There are a lot of options for specialization in MBA which a candidate can pursue based on their interest and willingness to do the course. Mumbai is known as the city of dreams as innumerable people travel to Mumbai to pursue their dreams and aim even higher. Mumbai is known as the financial capital of the country. There are many tourist attractions in Mumbai. Mumbai is home to numerous World Heritage Sites which is visited by tourists all around the world. Mumbai is famous for its Vada Pav as well which people love to eat whenever they travel to Mumbai. 

    Mumbai has a total of 163 MBA colleges wherein the candidate can select any of the colleges according to them. It depends on the candidate where they wish to take admission for the course. There are many colleges in Mumbai that have options for specialization in MBA.

    Some of the colleges are listed below with the specialization that they provide in the course :

    MBA in Marketing Management Colleges in Mumbai

    Name of the College

    NIRF 2023 Ranking 

    Careers360 

    Rating 

    Entrance Test

    Fees 

    KJ Somaiya Institute of Management

    45

    51

    CAT, CMAT, XAT, GMAT and MAH MCA CET

    Rs. 10.44 - Rs 20.77 lakhs


    Prin LN Welingkar Institute of Management Development and Research

    73

    54

    CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET

    Rs. 14.00 lakhs

    Sydenham Institute of Management Studies, Research and Entrepreneurship Education 

    --

    AAA

    CAT, CMAT and MAH MBA CET

    Rs 1.34 to Rs 2.01 lakhs

    IES Management College and Research Centre

    -

    AA+

    MAH MBA CET, CAT and GMAT 

    Rs. 8.02 lakhs to 9.02 lakhs

    MET Institute of Management 

    --

    --

    GMAT and MAH MBA CET

    Rs 2.25 lakhs to Rs 4.10 lakhs


    MBA in Human Resource Management Colleges in Mumbai

    Name of the College

    NIRF 2023 Ranking 

    Careers360 

    Rating 

    Entrance Test

    Fees 

    Narsee Monjee Institute of Management Studies 

    21

    33

    NMAT, GRE and GMAT 

    Rs. 16.00 to Rs 23.90 lakhs

    KJ Somaiya Institute of Management

    45

    51

    CAT, CMAT, XAT, GMAT and MAH MBA CET

    Rs. 10.44 - Rs 20.77 lakhs

    Prin LN Welingkar Institute of Management Development and Research

    73

    54

    CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET

    Rs. 14.00 lakhs

    St Francis Institute of Management and Research

    --

    AA

    CAT, XAT, GMAT, MAT CMAT and MAH MBA CET

    Rs 4.44  to Rs 4.61 lakhs


    Jankidevi Bajaj Institute of Management Studies

    --

    --

    CAT, CMAT and MAH MBA CET

    NA


    MBA in Financial Management Colleges in Mumbai

    Name of the College

    NIRF 2023 Ranking 

    Careers360 

    Rating 

    Entrance Test

    Fees 

    KJ Somaiya Institute of Management

    45

    51

    CAT, CMAT, XAT, GMAT and MAH MCA CET

    Rs. 10.44 - Rs 20.77 lakhs

     

    Sydenham Institute of Management Studies, Research and Entrepreneurship Education 

    -

    AAA

    CAT, CMAT and MAH MBA CET

    Rs 1,.34 to Rs 2.01 lakhs

    Sinhgad Institute of Business Management 

    -

    -

    MAH MBA CET 

    Rs 2.88 lakhs


    MBA in Operations Management Colleges in Mumbai

    Name of the College

    NIRF 2023 Ranking 

    Careers360 

    Rating 

    Entrance Test

    Fees 

    KJ Somaiya Institute of Management

    45

    51

    CAT, CMAT, XAT, GMAT and MAH MBA CET

    Rs. 10.44 - Rs 20.77 lakhs

     

    IES Management College and Research Centre

    --

    AAA

    CAT, GMAT and MAH MBA CET

    Rs. 8.02 lakhs to 9.02 lakhs

    School of Management, Dr DY Patil University

    --

    --

    No Entrance Test

    Rs. 8.40 lakhs

    NMIMS School of Business Management 

    --

    --

    NMAT 

    --


    MBA in Information Technology Colleges in Mumbai

    Name of the College

    NIRF 2023 Ranking 

    Careers360 

    Rating 

    Entrance Test

    Fees 

    Prin LN Welingkar Institute of Management Development and Research

    73

    54

    CAT, XAT, MAT, ATMA, MAH MBA CET, CMAT and GMAT 

    Rs. 14.00 lakhs

    Jamnalal Bajaj Institute of Management Studies 

    --

    34

    MAH MBA CET 

    NA

    Thakur Institute of Management Studies and Research

    --

    AA

    CMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CET

    Rs. 4.80 to Rs 9,70 lakhs

     
    Frequently Asked Questions 

    Q. 1 What are some of the job profiles that the candidates are hired for?

    Once the candidate gets completed with the course, they apply for the job role of their interest and they are hired for the job role. Some of the job profiles are listed below :

    • Relationship Manager 

    • Business Executive 

    • Business Analyst

    • Area Sales Manager 

    • Marketing Executive 

    • Human Resource Manager and many other job profiles.

    Q.2 What is the duration of a course in MBA?

    MBA is a 02-year postgraduate degree in the field of management and business administration which covers various areas which comprise business, finance, management, marketing, development, and many other interesting topics.

    Q.3 Which are the different specializations in the field of MBA?

    After the candidate decides to pursue an MBA, they must decide about the specialization that they wish to pursue a career in. They need to decide on the area of specialization. 

    Some of the specializations are given below :

    • MBA in Marketing 

    • MBA in Finance 

    • MBA in General Management 

    • MBA in International Management 

    • MBA in Human Resource Management 

    • MBA in Operations Management 

    • MBA in Rural Management 

    • MBA in Logistics Management 

    • MBA in Information Technology 

    • MBA in Business Management are some of the specializations in the field. 

    Q. 4 Which are the entrance examinations that the candidate must appear for?

    It depends on the college where they want to conduct the entrance examination or not. 

    Some of the entrance examinations are :

    • CAT 

    • XAT 

    • MAT 

    • SNAP 

    • NMAT 

    • CMAT 

    • MAHCET

    Q. 5 What is the eligibility criteria for pursuing a course in MBA?

    The eligibility criteria for the aspirants to aspire the course is a bachelor's degree with a minimum aggregate of 50% marks or equivalent from a recognized board or university. The candidate needs to appear for the entrance examination as well where you wish to take admission. 

    Q.6 How is the scope of MBA in Finance in the future?

    The scope of MBA in Finance is vast and keeps expanding with each passing day with the need of professionals in the field. There are many career opportunities in the field. It is one of the most preferred choices among the candidates across the world. The field offers excellent job profiles with a good salary package and is also rewarding at the same time. Therefore, the scope of MBA in Finance in future as well as now is increasing day-by-day.

    Q. 7 Who are the top employers in the field?

    The reputed companies usually hire candidates with higher education and good knowledge as well as skill sets that are taught to the candidates in the course. Some of the top employers in the field are listed below :

    • Amazon

    • Apple 

    • Deloitte

    • TCS

    • Citigroup 

    • Bain & Company

    • Facebook 

    • Accenture

    • Capgemini 

    • HubSpot 

    Q.8 Which are the colleges in Mumbai that provide a course in MBA?

    Some of the colleges that provide you with a course in MBA are listed below :

    • Prin LN Welingkar Institute of Management Development and Research

    • Jamnalal Bajaj Institute of Management Studies 

    • KJ Somaiya Institute of Management 

    • Thakur Institute of Management Studies and Research

    • Narsee Monjee Institute of Management Studies 

    Q.9 What is the average starting salary for a job profile?

    The average starting salary for any of the job profiles is high once the candidate completes the course in MBA as they are hired by the top companies. The average starting salary for a job profile is Rs. 4 Lakhs p.a. (Approx.) which increases with time and experience. 

    Q.10 What is the fee structure to pursue a course in MBA?

    The fee structure differs from college to college. Some of the top and reputed colleges charge high fees based on the facilities which they provide. The average fee structure to pursue a course in MBA is Rs. 1 Lakhs. 

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