Mumbai, the financial and business capital of India, is among the top MBA destinations in the country. Indeed, it is one of India’s leading MBA destinations as it is an emerging destination or first choice for most corporates and other industries like entertainment/media houses and financial companies to set up shop.
It is also a hub of education in management, technology and allied sectors. Master of Business Administration or MBA is one of the most popular post-graduate programmes in Mumbai. The two-year programme is a gateway to a plethora of job opportunities in the corporate world. MBA colleges in Mumbai offer quality education with high placements.
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Mumbai is home to some of the top-rated MBA colleges in India, such as S.P. Jain Institute of Management and Research (SPJIMR), NMIMS School of Business Management, Jamnalal Bajaj Institute of Management Studies (JBIMS), Universal Business School, MET Institute of Management, Sasmira’s Institute of Management Studies and Research, Shailesh J. Mehta School of Management (SJMSOM IIT Bombay), National Institute of Industrial Engineering (NITIE), etc. to pursue an MBA degree.
An MBA professional must possess qualities like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc.
In Mumbai, an MBA degree is offered across various specialisations. Some of the most prominent ones are as follows:
- Marketing Management
- Event Management and PR
- Finance
- Business Management
- Industrial Engineering
- Hospital Administration
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Top Schools for MBA 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.
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1. S.P. Jain Institute of Management and Research (SPJIMR)
SPJIMR a top private management school based in Mumbai. 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.
SPJIMR is the 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.
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 specialisation 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 that offers courses in Post-Graduate Program in General Management.
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. Welingkar Institute of Management Development & Research (WeSchool)
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.
It 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).
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.
3. SIES College of Management Studies
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 organises various conventions and events to foster the growth of management education and student participation in various events.
The school 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. It 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).
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4. Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE)
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) is a management institute under the University of Mumbai, founded in 1913. Located in Mumbai, it operates under the Sydenham College of Commerce and Economics and is named after Lord Sydenham of Combe, the former Governor of Bombay. SIMSREE is one of the most reputed Business schools in India, offering excellence in management studies.
The school ranks 39th among the best management institutes in India, according to Business Today, 2019 and Economic Times, 2019. It offers full time and part-time Master’s courses in management along with a Doctoral Program with a specialisation in Marketing, Finance, Human resources 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).
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5. National Institute of Industrial Engineering (NITIE)
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 the 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 recognised as one of them. It is one of the centres of excellence along with the IIMs in India.
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).
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.
6. Tata Institute of Social Sciences (TISS)
The Tata Institute of Social Sciences (TISS), a public research institute and deemed university, was established by the Sir Dorabji Tata Trust in 1964. It is India’s oldest institute for professional social work and was formerly known as the Sir Dorabji Tata Graduate School of Social Work. TISS offers management courses through its School of Management and Labour Studies.
TISS has four campuses across India: Mumbai, Tuljapur, Hyderabad, and Guwahati. It also operates support centers for teaching, training, research, and development in various cities. According to the National Institutional Ranking Framework of 2018, TISS ranks 49th overall in India and 32nd among Indian universities.
The institute offers three MA programs: Human Resources Management and Labour Relations, Globalisation and Labour, and Social Entrepreneurship. It also provides an Executive Diploma in Human Resources Management. TISS engages in research, innovation, and consultancy through its centers across India.
Additionally, TISS plays a significant role in the National Corporate Social Responsibility (CSR) Hub and collaborates with 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).
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7. Shailesh J. Mehta School of Management
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.
The school has various clubs, events and organises workshops as well as international exchanges for students which helps them learn management skills through an innovative learning experience. It 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.
SJMSOM offers a full-time MBA course, a Doctoral program, a Management Development program and an 18-month Executive MBA (EMBA) program jointly with Washington University, St. Louis. The admission is through a CAT exam, afterwards, there is a Written Ability Test (WAT) and a personal interview.
We believe the information we have provided on each school, will help you choose the best that suits you. You can get more details about each school by visiting their official website.
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