The top 10 MBA colleges in Mumbai with low fees include Mumbai University, Shreemati Nathibai Damodar Thackersey Women’s University, Tata Institute of Social Sciences, SIMSREE Mumbai, Xavier Institute of Management and Research and more.
Top 10 MBA Colleges in Mumbai with Low Fees: The top 10 MBA colleges in Mumbai with low fees include Mumbai University, Shreemati Nathibai Damodar Thackersey Women’s University, Tata Institute of Social Sciences, SIMSREE Mumbai, Xavier Institute of Management and Research and more.
The students are required to write and clear the entrance exams for the MBA, such as CAT, XAT, MAT, CMAT, GMAT, ATMA and more. The specializations available for MBA courses are Finance, Human Resources, Sales and Marketing, Operations and Supply chain management, Information Technology, General business management, Business and Data analytics, and Digital marketing.
Top 10 MBA Colleges in Mumbai with Low Fees 2024
The students can check out the top 10 MBA colleges in Mumbai with low fees from the table mentioned below. The low fees will ensure that students pursue higher education and get into higher positions at work with higher salary packages.
| Name of the Colleges | Fees (INR) | Seat Intake |
| SIMSREE Mumbai | 51,000 | 180 |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | 1.2 lakh | 120 |
| Mumbai University | 1.53 lakh | 8058 |
| Shreemati Nathibai Damodar Thackersey Women’s University (SNDT) | 2.01 lakh | 200 |
| Tata Institute of Social Sciences, Mumbai (TISS) | 2.07 lakh | 60 |
| Aditya Institute of Management Studies and Research (AIMSR) | 7.9 lakh | 120 |
| Chetana’s Institute of Management and Research (CIMR) | 9 lakh | 270 |
| Jio Institute | 9.75 lakh | 180 |
| MET Institute of Post Graduate Diploma in Management | 11 lakh | 360 |
| Xavier Institute of Management and Research | 15.1 lakh | 60 |
1. SIMSREE Mumbai
Image Source - www.simsree.org
Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) is renowned for its Master in Management Studies (MMS) program. The entrance exam for MMS is MAT or CAT. The students can pursue their MMS course at an affordable cost at SIMSREE Mumbai.
- Exams Accepted- MAH CET
- Average Package- INR 10 LPA
- Highest Package- INR 17 LPA
- Top Recruiters- Aditya Birla Group, Axis Bank, Barclays Investment Bank, Citi Group, Deloitte USI, HDFC Ltd, ICICI Group, Infosys
Also Read: Top MBA Colleges in Maharashtra Accepting CMAT Score
2. Jamnalal Bajaj Institute of Management Studies
Image Source - www.jbims.edu
Jamnalal Bajaj Institute of Management Studies was founded in 1965 and is affiliated with the University of Mumbai. It is consistently ranked among the top 10 premier B-schools in the country, with a legacy spanning over the past 52 years. The flagship course of JBIMS is the Masters in Management Studies (MMS).
- Exams Accepted- MAH CET
- Average Package- INR 28.20 LPA
- Highest Package- INR 35.75 LPA
- Top Recruiters- Bajaj Finserv, HSBC, McKinsey & Company, L’Oreal
Also Read: Top MBA Colleges in India
3. Mumbai University
Image Source - www.mum.digitaluniversity.ac
Mumbai University is one of the oldest universities in India with rich academic culture. Mumbai University offers several courses for its students at the PG level in the field of Management, such as an MBA, MMS, MMM, MFM, MHRDM, MIM, and MFSM. Out of these, the MBA and MMS are full-time courses, whereas the remaining courses are part-time programs.
- Exams Accepted- MAH CET, CAT, CMAT, MAT, XAT, ATMA, GMAT
- Average Package- INR 6 LPA
- Highest Package- INR 9.5 LPA
- Top Recruiters- Axis Bank, Kotak Life, Blue Star
4. Shreemati Nathibai Damodar Thackersey Women’s University
Image Source - www.sndt.ac.in
Shreemathi Nathibai Damador Thakersey Women’s University stands in 32nd position in the Universities category in India and ranks 4th in Western India according to the Week-Hansa Research ranking 2023. Shreemathi Nathibai Damador Thakersey Women’s University offers a holistic learning environment for women to pursue higher education in management at affordable fees. The institution offers MBA and PGDM for its students.
- Exams Accepted- MAH CET, CMAT,
- Average Package- INR 5 LPA
- Highest Package- NA
- Top Recruiters- Infosys, TCS, IBM
Also Read: MBA Colleges in Mumbai without Entrance Exams
5. Tata Institute of Social Sciences
Image Source - www.tiss.edu
TISS has courses on Habitat Studies, Public Policy, Management and Labour Studies, Disaster Studies, Gender Studies, Development Studies, Education, Law, Media and Cultural Studies, Health Studies, Rural Development, and Social Work.
Tata Institute of Social Sciences (TISS) in Mumbai does not offer an MBA program. Still, it offers an MA in Human Resource Management and Labour Relations, Social Entrepreneurship, Globalisation, and Labor. The students will have to write the TISSNET entrance exam to get into the program.
- Exams Accepted- TISSNET
- Average Package-INR 27.2 LPA
- Highest Package- INR 49 LPA
- Top Recruiters- Accenture, Aditya Birla Group, Asian Paints, Flipkart, Kotak Mahindra Bank
6. Aditya Institute of Management Studies and Research
Image Source - www.aimsr.edu.in
AIMSR is amongst the leading B-Schools in India and ranked 4th amongst the top private B-Schools in Mumbai, according to the Times MBA-School Survey 2023. The Institute has an objective and commitment to promoting quality in teaching-learning, research, consultancy, and student development.
- Exams Accepted- MAH CET, CAT, CMAT, MAT, XAT, ATMA
- Average Package- INR 7.75 LPA
- Highest Package- INR 16 LPA
- Top Recruiters- Bisleri, ICICI Bank, Flipkart
Also Read: Top MBA Colleges Accepting CAT Score
7. Chetana’s Institute of Management and Research
Image Source - www.cimr.in
Chetana's Institute of Management and Research (CIMR) was established in 1996 and is located in Mumbai. It is one of the top MBA Institutes in Mumbai. The institute has been ranked 4th among top B-schools in Mumbai by Times of India 2023. It has also been ranked 125 among the top private B-Schools in India by IIRF Ranking 2024.
- Exams Accepted- MAH CET, CAT, CMAT, MAT, XAT, ATMA
- Average Package- INR 5.42 LPA
- Highest Package- INR 9.09 LPA
- Top Recruiters- Citi Bank, Amul, Dabur, Cipla
8. Jio Institute
Image Source - www.jioinstitute.edu.in
Jio Institute’s PGP in Artificial Intelligence and Data Science Program is one of the highlights of the institution. The students are backed up with Reliance Industries data to work with hands-on experience learning methodologies and solve complex challenges in artificial intelligence and data science.
- Exams Accepted- CAT, GMAT
- Average Package- INR 19.34 LPA
- Highest Package- INR 24 LPA
- Top Recruiters- Reliance Jio, Ernst & Young, Reliance Industries Limited [RIL]
9. MET Institute of Post Graduate Diploma in Management
Image Source - www.met.edu
MET Institute offers a PGDM program, for which students first need to fulfill the minimum eligibility criteria. The students will have to qualify for either the CMAT/ XAT/ CAT/ ATMA/ GMAT/ MAT/ MH-CET entrance exam with a valid score.
- Exams Accepted- MAH CET, CAT, CMAT, MAT, XAT, ATMA
- Average Package- INR 7.5 LPA
- Highest Package- INR 15.5 LPA
- Top Recruiters- Edelweiss, E&Y, BSE
Also Read: Advantages and Disadvantages of Pursuing an MBA in 2024
10. Xavier Institute of Management and Research
Image Source - www.ximr.ac.in
XIMR offers MBA and MMS courses for its students. There are 60 seats available per course, and the students have to appear and pass the Xavier Aptitude Test (XAT) to get into the course. The XIMR offers one of the most affordable higher management programs to students.
- Exams Accepted- MAH CET, CAT, MAT, ATMA
- Average Package- INR 6 LPA
- Highest Package- INR 11 LPA
- Top Recruiters- JP Morgan, KPMG, PWC, E&Y
Also Read: Tier 1 MBA Colleges in India 2024
MBA Colleges in Mumbai with the Highest Package 2024
The students can check the MBA colleges in Mumbai that have the highest salary packages. These packages are given to the students based on the calibre and the interview sessions.
| College Name | Average Package (INR) |
| SPJIMR Mumbai: SP Jain Institute of Management and Research | 33 LPA |
| MKES - Institute Of Management Studies and Research ( MKES - IMSR) | 24 LPA |
| IIM Mumbai: Indian Institute of Management Mumbai (Formerly NITIE) | 29.06 LPA |
| IIT BOMBAY: Shailesh J Mehta School of Management Mumbai | 28 LPA |
| NMIMS Mumbai: NMIMS School of Business Management | 26.9 LPA |
| JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies | 28 LPA |
| IIM Nagpur: Indian Institute of Management | 13.5 LPA |
| Prin L N Welingkar Institute of Management Development and Research | 12.3 LPA |
| NMIMS Navi Mumbai: School of Business Management | 13.6 LPA |
| SIES School of Business Studies, Navi Mumbai | 9.11 LPA |
Also Read: List of MBA Colleges Accepting 90+ Percentile in CMAT 2024
