Top 10 MBA Colleges in Mumbai with Fees Less Than 10 Lakhs
Want to study MBA in less than 10 lakhs? Explore the list of top 10 MBA colleges in Mumbai with low fees, best infrastructure, great placements, and excellent pedagogy!
Top 10 MBA Colleges in Mumbai with Fees Less Than 10 Lakhs: Mumbai, the ‘Commercial and Financial Center’ of India is home to some of the top MBA colleges offering world-class education. Some of the popular names include SIMSREE Mumbai, Welingkar Institute, IIT Bombay, TISS Mumbai, and JBIMS Mumbai, among others. Apart from offering best quality education, practical training, and placement opportunities, these colleges charge affordable fees, making it easy for students with financial constraints to earn an MBA degree.
If you are an MBA aspirant seeking admission in a Mumbai college, then have a look at the list of top 10 MBA colleges in Mumbai with low fees provided in this article. You can find the fee structure, courses offered, eligibility criteria, admission process, and more about these colleges.
Also Read: MBA Fees in India
Top 10 MBA Colleges in Mumbai with Low Fees
The top 10 MBA colleges with low fees in Mumbai along with their average annual fees have been tabulated below:
Name of the College | Total Fees (in INR) |
8,30,000 | |
JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies | 7,00,000 |
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 1,34,000 |
Prin LN Welingkar Institute of Management Development and Research | 1,60,000 |
IES Management College and Research Centre | 1,38,000 |
8,98,000 | |
Alkesh Dinesh Mody Institute for Financial and Management Studies | 9,50,000 |
2,38,000 | |
IES MCRC Mumbai | 8,00,000 |
SIES College of Management Studies and SIES School of Business Studies, Navi Mumbai | 9,00,000 |
Programmes Offered by Top 10 MBA Colleges in Mumbai with Low Fees
The programmes offered by the top 10 MBA colleges in Mumbai with affordable tuition and the entrance exams accepted by them have been tabulated below:
Name of the College | Entrance Exams Accepted | Programmes Offered |
CAT, CMAT, XAT, GMAT and MAH MBA CET |
| |
Prin LN Welingkar Institute of Management Development and Research | CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CET |
|
IES Management College and Research Centre | MAH MBA CET, CAT and GMAT | MBA in Marketing Management |
CAT, CMAT, MAH MBA CET |
| |
CAT | Master of Management Programme | |
CAT, MAT, CMAT, MAH MBA CET | Post Graduate Diploma in Management (PGDM) | |
CAT, XAT, MAT, CMAT, MAH CET, ATMA | Post Graduate Diploma in Management (PGDM) | |
CMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CET | MBA in Information Technology | |
SIMSREE Mumbai | CAT, MHCET, XAT, MAT | Masters of Management Studies (MMS) |
TISSNET |
|
Details About Top 10 MBA Colleges in Mumbai with Low Fees
The details about the most eminent MBA colleges in Mumbai providing admission to students with affordable tuition have been mentioned below:
SIMSREE Mumbai
It is affiliated to the University of Mumbai and offers a two-year Master of Management Studies (MMS) degree. Finance, Marketing, Operations, Systems, and Human Resources are the available specializations. The institute's top remuneration package is INR 23.24 LPA.
University of Mumbai
The MBA programme at the University of Mumbai aims to enhance students' theoretical and practical understanding of business management while also educating them on the fundamentals of management theory and how it pertains to organizational processes. In order to help students become successful entrepreneurs, this college also creates a strong sense of collaboration, a positive approach, and a high degree of passion and dedication among them. The institute's top remuneration package is INR 57.65 LPA.
SJMSOM, IIT Bombay
The institute provides specializations in Technology Policy, R&D Management, and Managing Technology Transfer in addition to regular specializations. At the conclusion of the first year of the MBA programme, IIT Bombay also offers a summer programme. SJMSOM IIT Bombay's median compensation package is INR 25.8 LPA.
KJ SIMSR Mumbai
The specializations available include those in finance, human resources, marketing, operations management, healthcare management, sports management, and other fields. The top employers are companies like HP, SBI, JP Morgan, ICICI Bank, IBM, etc. The institute offers an INR 29.75 LPA salary as its highest compensation.
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
JBIMS Mumbai is affiliated to the University of Mumbai. It provides both full-time and part-time MBA programmes. The cost of an MBA programme ranges from 1.52 to 7 lakh rupees. The CAT, MAH MBA CET, MAT, and ATMA entrance test results are accepted by the college. The annual salary package might rise up to INR 27.63 LPA. Leading recruiting companies for placements include McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, and others.
Prin LN Welingkar Institute of Management Development and Research
At the Welingkar Mumbai placements in 2022, the highest and average packages were INR 18 LPA and INR 9.94 LPA, respectively. Additionally, the IT sector emerged as the top recruiting sector, placing 56% of all students. The most popular programmes offered by the institute include MBA/PGDM, MMS, Ph.D., and certificate courses.
TISS Mumbai
The institute offers programmes like MBA/PGDM, B.Sc., BMRIT, BMLT, M.A., MHA, MPH, PG Diploma, B.Ed., and Executive MBA/PGDM. The HRM & LR 2020-22 batch received the highest and average packages during placements in 2022, respectively, of INR 42.09 LPA and INR 23.97 LPA. The Aditya Birla Group made the most offers, with Consulting emerging as the most popular industry.
SIES College of Management Studies
The institute provides a variety of degrees across several specializations, including the PG Diploma in Management, MCA, Masters in Management Studies (MMS), PGDM PM, and AIMA PGDM. Additionally, SIES College of Management Studies provides students with a range of language training courses in both Indian and foreign languages, including Tamil, Gujarati, Urdu, Telegu, Sanskrit, Japanese, Spanish, German, Dutch, and Portuguese. The highest CTC offered is INR 20 lakh, and the average CTC offered is INR 7.90 lakh.
IES Management College and Research Centre
The Post Graduate Diploma in Management (PGDM) is offered by the IES's MCRC, and its specializations include finance, marketing, human resources, operations, entrepreneurship, business analytics, and PhD. (Pharmaceutical Management). During the 2022 placement season, the IES MCRC recorded 90% of placements. The highest and most common packages were INR 10 LPA and INR 6.2 LPA, respectively.
Chetana's Institute of Management and Research
Three management courses are available through CIMR: the Post Graduate Diploma in General Management, Marketing, and Retail Management. Four semesters and two academic years make up the Post Graduate Diploma in Management, which has concentrations in marketing, finance, human resource management, operations and systems, and retail. Along with these three programmes, the college also offers value-addition courses in digital marketing, risk management, and other soft skills. The salary package offered in CIMR placements ranges from INR 5.42 LPA to INR 9.09 LPA.
Eligibility Criteria for Top 10 MBA Colleges in Mumbai with Low Fees
The following eligibility criteria are designed to grant admission to eligible students to the top 10 colleges with low fees in Mumbai:
- Candidates must hold a bachelor's degree from an accredited institution or board with at least 50% aggregate or equivalent.
- Additionally, they must also appear for the entrance exams conducted by the colleges and various universities.
- Candidates who have completed the final year examination of their bachelor degree and are awaiting the results of the final semester are also qualified for provisional MBA admission.
Admission Process at the Top 10 MBA Colleges with Low Fees in Mumbai
Candidates who want to enroll in the best MBA programmes in Mumbai at affordable tuition must first complete the application process. The following are the prerequisites for admission to MBA programmes in Mumbai's low-cost B-Schools:
- First, applicants are required to submit an application through the official website of their desired business school.
- Next, students must take the entrance exam conducted by their selected institute or a national-level entrance exam (CAT/XAT/MAT/ATMA) whose results will be accepted by the college.
- Finally, those who were chosen based on their admission exam scores will finally be contacted for the counselling session.
MBA Specializations Offered by the Top 10 MBA Colleges in Mumbai with Low Fees
The top MBA Colleges in Mumbai with low fees impart MBA degrees across multiple specializations including the following:
Banking and Finance | Sales and Marketing |
Business Analytics | International Business |
Human Resource Management | Supply Chain Management |
Information Technology | Agriculture and Food Business |
Operations Management | Healthcare and Hospital Management |
Tourism Management | Retail Management |
Family Business | - |
Branch-Wise MBA Colleges in Mumbai with Low Fees
The top colleges with low fees in Mumbai offering supreme quality programs in different specializations have been mentioned below:
Colleges Offering Top MBA in Finance Programme in Mumbai
- SJMSOM IIT Bombay
- Alkesh Dinesh Mody Institute for Financial and Management Studies
- Sydenham Institute of Management Studies, Research and Entrepreneurship Education
Colleges Offering Top MBA in Marketing Management Programme in Mumbai
- Universal Business School
- K J Somaiya Institute of Management
- IES Management College and Research Centre
Colleges Offering Top MBA in Human Resource Management Programme in Mumbai
- JBIMS Mumbai
- KJ Somaiya SIMSR
- Prin LN Welingkar Institute of Management Development and Research
Colleges Offering Top MBA in International Business Programme in Mumbai
- KJ Somaiya Institute of Management
- School of Management, Dr DY Patil University, Navi Mumbai
Colleges Offering Top MBA in Operations Management Programme in Mumbai
- KJ Somaiya Institute of Management
- School of Management, Dr DY Patil University
- IES Management College and Research Centre
Salary Packages Offered by Top 10 MBA Colleges in Mumbai with Low Fees
The salary packages offered by the best MBA colleges in Mumbai with affordable tuition has been provided below:
Name of the Institute | Average Package Offered (in INR) | Highest Package Offered (in INR) |
University of Mumbai | 5,20,000 - 12,00,000 | 57,65,000 |
SIMSREE Mumbai | 10,84,000 | 23,24,000 |
IIT Bombay | 25,00,000 | 49,00,000 |
KJ SIMSR Mumbai | 10,67,000 | 26,50,000 |
Universal Business School | 10,25,000 | 20,50,000 |
JBIMS Mumbai | 23,16,000 | 44,00,000 |
NITIE Mumbai | 22,00,000 | 49,00,000 |
IES MCRC Mumbai | 4,00,000 - 7,00,000 | 10,00,000 |
SIES Mumbai | 7,20,000 | 20,00,000 |
Top MBA Recruiters for Graduates from Colleges with Low Fees in Mumbai
The most eminent recruiters for MBA graduates from B-Schools with low fees in Mumbai have been mentioned in the table below:
Accenture | Amazon | Apple |
Capgemini | Deloitte | HDFC Bank |
Aditya Birla Group | Tata Consultancy Services | Microsoft |
Hindustan Unilever | ICICI Bank | HSBC |
Yes Bank | Kotak Mahindra Bank | Citigroup |
PWC | JPMC | Ernst and Young |
Career Options Available after MBA from Top Colleges with Low Fees in Mumbai
Due to the relevance of MBA and the fact that businesses prefer to select applicants with specific expertise in their industry, candidates who have already completed an MBA or are currently pursuing it have a very bright future in the workforce. Choosing a career in MBA is a very reasonable choice, and there are numerous business options. Taking an MBA course will advance both your career and personal development at the same time. You can gain a wide range of skills that are beneficial to you with the aid of an MBA. The professional with a higher degree of education and skill is typically rewarded with a high salary package. Many job opportunities are available in the field, some of which are given here along with the expected salary package.
Job Profile | Average Salary (INR) |
Human Resources Manager | 7,05,000 |
Accounting Manager | 7,10,000 |
Credit Managers | 5,80,000 |
Business Development Manager | 11,00,000 |
Operations Manager | 10,00,000 |
Relationship Manager | 4,00,000 |
Corporate Controllers | 12,24,490 |
Marketing Manager | 6,90,763 |
Project Manager | 12,44,457 |
Logistics Manager | 9,10,127 |
Also Read:
| Top 20 Private MBA Colleges in India 2023 | Low Fees MBA colleges in Pune |
| MBA Colleges with Best Placements | List of 10 Popular MBA Colleges with Fees Under 5 Lakh |
Mumbai has prestigious universities with a national reputation. A few of these elite universities guarantee 100% placement. Internships and temporary jobs are also available. These prestigious schools guarantee a solid resume, and, as a result, your job profile improves. Candidates will automatically achieve worldwide stature in the business community and be able to seek lucrative and rewarding career options on a global scale, if they graduate from a reputable university in Mumbai. The inclusion of entrepreneurship education in the curriculum has grown in importance as a means of assisting students in transitioning from being job seekers to employment providers. Reputable institutions have significant networks of alumni who have been employed by prestigious companies all over the world.
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FAQs
Are there MBA colleges in Mumbai with fees less than 10 lakhs?
Yes, there are several MBA colleges in Mumbai with fees less than 10 lakhs. These colleges offer quality education to students at affordable prices. Students who have a budget crunch can easily get admission to these colleges and get their MBA degrees.
Are the MBA colleges in Mumbai with fees less than 10 lakhs good?
Yes, the MBA colleges in Mumbai with fees less than 10 lakhs are good. They provide world-class business and management knowledge to students. They also provide practical training opportunities in the form of internship and placement opportunities to MBA graduates.
What are the top MBA colleges in Mumbai with fees less than 10 lakhs?
The top MBA colleges in Mumbai with fees less than 10 lakhs are IIT Bombay, Jamnalal Bajaj Institute of Management Studies, Sydenham Institute of Management Studies And Research And Entrepreneurship Education, K J Somaiya Institute of Management and Tata Institute of Social Sciences, Mumbai.
What is the admission process at MBA colleges in Mumbai with fees less than 10 lakhs?
The admission process at MBA colleges in Mumbai with fees less than 10 lakhs includes submission of an application for admission through the official website of the university. Students have to take an entrance test after that which they have to qualify for with a good score. Finally, there will be a group discussion and personal interview round that will determine their final selection.
What are the specialisations offered at MBA colleges in Mumbai with fees less than 10 lakhs?
The specialisations that are offered at MBA colleges in Mumbai with fees less than 10 lakhs are banking and finance, sales and marketing, business analytics, international business, human resource management, information technology, retail management and etc.
What are the MBA colleges in Mumbai with fees less than 10 lakhs for finance?
The MBA colleges in Mumbai with fees less than 10 lakhs for finance are IIT Bombay, Alka Dinesh Mody Institute of Management Studies, and Research and Entrepreneurship Education. These are the top colleges where you can pursue MBA in finance with low fees.
What are the MBA colleges in Mumbai with fees less than 10 lakhs for human resources
The top MBA colleges in Mumbai with fees less than 10 lakhs for human resources are JBIMS Mumbai, KJ Somaiya SIMSR and Prin LN Welingkar Institute of Management Development and Research. Students searching for low cost MBA options in human resource management can opt for these colleges.
What are the average salary packages offered in MBA colleges in Mumbai with fees less than 10 lakhs?
The average salary packages offered in MBA colleges in Mumbai with fees of less than 10 lakhs are between INR 5 lakhs to 25 lakhs. Eligible MBA graduates can get salaries of more than 30 lakhs if they study at these colleges.
Is there a placement guarantee at MBA colleges in Mumbai with fees less than 10 lakhs?
Yes, there is a placement guarantee at MBA colleges in Mumbai with fees less than 10 lakhs. These colleges guarantee a strong resume to students which improves their potential as good employees. Also, there are companies that conduct recruitment processes from these institutes every year.
Which companies recruit students from MBA colleges in Mumbai with fees less than 10 lakhs?
The companies that recruit students from MBA colleges in Mumbai with fees less than 10 lakhs are Accenture, Amazon, Capgemini, HSBC, Microsoft and HDFC bank. These are reputed international companies that provide good advancement opportunities in careers of MBA graduates.