Government MBA Colleges in Mumbai With NIRF Rankings

Government MBA colleges in Mumbai offer quality MBA guidance with high game plans for sustaining and growing in business. Traditionally, an MBA has been considered the saw, bearing the probability to stop the stepping stool of climbing the corporate tree. It has been considered among the top master decision choices for board understudies after graduation.

Apart from the IIM, the city also boasts some of the best in class and moderate colleges that take into account all sections of society. Here are the top ten Government MBA Colleges in Mumbai.

Best Government MBA Colleges in Mumbai

1. IIM Mumbai

In 1963, the Indian government established the Indian Institute of Management, in Mumbai. Since its foundation in 1963, IIM Mumbai has consistently been recognized as one of India’s Ivy League B-Schools by the Ministry of Human Resources Development, making it one of the best government MBA colleges in Mumbai. IIM Mumbai was previously known as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), and now is one of the top 10 colleges for MBA in India.

College Ranking for Management

IIM Mumbai is ranked 7th in the Management Category by the National Institutional Ranking Framework (NIRF) 2023.

Fee Structure

The fee structure for the MBA programs at IIM Mumbai is as follows:

General Candidates: ₹ 2000
SC/ST/PwD Candidates: ₹ 1000

Infrastructure and Facilities

The reason why IIM Mumbai has been placed on the list of the best government MBA colleges in Mumbai is due to this infrastructure.

Library: Extensive collection of books, journals, and digital resources.
Hostels: Comfortable and well-maintained accommodation.
Sports Facilities: Includes gymnasium, sports fields, and courts.
Research Labs: State-of-the-art labs for data science and analytics.

Achievements

Sustainability Management Programme: Recognized for excellence in sustainability management.
AI/ML Driven Customer Relationship Management Program: Leading in AI and machine learning applications in business.
Strategic Management Forum Conference: Hosts significant conferences in strategic management.
Industry Engagement: Collaborates notably with industries for research and development.
Research Publications: Numerous impactful research papers and white papers were published.

2. SIMSREE Mumbai

Government management institute SIMSREE (Sydenham Institute of Management Studies, Research and Entrepreneurship Education), established in 1983, is operated by the Government of Maharashtra. Associated with Mumbai University, SIMSREE’s MMS program is approved by AICTE, and admissions are handled through DTE.

College Ranking for Management

SIMSREE is ranked 25th for MBA by the Indian Institutional Ranking Framework (IIRF) in 2024. This recognition underscores SIMSREE’s standing among management institutions in India, reflecting its commitment to academic excellence and student outcomes in the competitive field of management education.

Fee Structure

SIMSREE offers competitive fee structures for its management programs:

MMS (Master of Management Studies): ₹67,000 per year
MFM (Master of Financial Management): ₹51,000 per year
MMM (Master of Marketing Management): ₹51,000 per year

These fees ensure accessibility to quality education, making SIMSREE an attractive choice for aspiring management professionals seeking affordability and value.

Infrastructure and Facilities

Library: The institution boasts a well-stocked library equipped with an extensive collection of books, journals, and digital resources. This resource-rich environment supports research and learning initiatives.
Computer Labs: State-of-the-art computer labs feature the latest software and high-speed internet connectivity, facilitating hands-on learning and skill development in technology-driven fields.
Classrooms: Modern classrooms are designed with audio-visual aids to enhance the learning experience, fostering interactive and engaging sessions among students and faculty.
Auditorium: A spacious auditorium serves as a versatile venue for hosting seminars, conferences, and cultural events, enriching the academic and extracurricular life on campus.
Hostel: Accommodation facilities are available for outstation students, ensuring a conducive living environment with essential amenities that support holistic student development.

These facilities collectively contribute to SIMSREE’s reputation and make it one of the best government MBA colleges in Mumbai.

Achievements

SIMSREE has garnered notable achievements in student placements and industry recognition:

Top Recruiters: The institution maintains strong ties with leading recruiters such as Goldman Sachs, Edelweiss, and Morgan Stanley, showcasing its credibility and the trust of industry giants in its graduates.
High Placement Packages: Recent placement records highlight SIMSREE’s success in securing lucrative career opportunities for its graduates, with the highest package offered reaching INR 21 LPA and an average package of INR 15 LPA. These placements underscore the institution’s commitment to facilitating rewarding career pathways for its students through rigorous academic training and industry-oriented programs.

3. SJSOM Mumbai

Shailesh J Mehta School of Management (SJMSOM) is one of the best government MBA colleges in Mumbai which was established in 1995. It was set up under the Indian Institute of Technology Bombay, which is now one of the top 10 IIT colleges in India. IIT Bombay’s Shailesh J. Mehta School of Management offers PhDs and Masters in Business Administration. In accordance with SJMSOM IIT Bombay, the MBA course selection criteria will be determined by CAT scores and personal interview performance.

College Ranking for Management

According to the National Institutional Ranking Framework (NIRF) 2022, SJMSoM is ranked 11th in India for management, affirming its stature among the top management institutions in the country.

Fee Structure

The MBA program at SJMSoM entails an approximate fee of ₹10-12 lakhs for the entire course, covering tuition fees, hostel charges, and other relevant expenses. This fee structure reflects the institution’s commitment to providing comprehensive educational and residential facilities to its students.

Infrastructure and Facilities

Library: SJMSoM boasts a well-stocked library that houses a vast collection of books, journals, and digital resources, catering to the academic and research needs of its students and faculty.
Classrooms: Equipped with the latest teaching aids and technology, SJMSoM’s modern classrooms create an interactive learning environment conducive to intellectual growth and knowledge dissemination.
Hostels: The institution provides comfortable and secure hostel facilities, ensuring a supportive living environment for students pursuing their academic goals.
Sports Facilities: SJMSoM offers access to a range of sports facilities, including a gym, swimming pool, and courts for various sports, promoting physical fitness and holistic development among its student community.
Research Labs: State-of-the-art research labs and centers at SJMSoM facilitate advanced studies and practical applications in various fields of management, fostering innovation and scholarly pursuits.

Achievements

SJMSoM faculty members have earned notable distinctions in their respective fields:

Prof. Arti D. Kalro: Editorial Review Board Member for Journal of Consumer Behavior (Ranked A in 2019 ABDC Ranking).
Prof. Ashish Pandey: Recognized for the most cited paper in Business Ethics: European Review, 2019.
Prof. Gajendra K. Adil: Ranked 5th among OM professors in India as per an article published in Omega by Sahoo et al. (2017).
Prof. Indrajit Mukherjee: Conferred AUA Scholars Award 2020-2021.

4. University of Mumbai

One of the oldest and most prestigious universities in India is Mumbai University, otherwise known as Mumbai University. One of the first three universities in India, Mumbai University was established in 1857 as the University of Bombay. It is one of the best government MBA colleges in Mumbai and is accredited by the NAAC and is recognized by the UGC.

There are over 200 undergraduate, graduate, and doctoral courses offered at Mumbai University under the faculties of Arts, Commerce, Science, Technology, Law, Management, and Fine Arts.

College Ranking for Management

The University of Mumbai is one of India’s premier institutions, renowned for its comprehensive academic offerings. The university is ranked 56th among other institutions by NIRF.

Fee Structure

The fee for MBA programs, at MU is ₹50,720 per year.

Infrastructure and Facilities

Virtual Classroom: Located at the Kalina campus, the university features a state-of-the-art virtual classroom utilized for live-streaming lectures, workshops, and seminars, enhancing the accessibility and interactivity of educational content.
Libraries: The University of Mumbai boasts extensive library facilities housing a diverse collection of books, journals, and digital resources, supporting research and academic endeavors across various disciplines.
Laboratories: Well-equipped laboratories cater to the needs of science and technology courses, providing students with hands-on learning experiences and fostering innovation.
Sports Facilities: The university offers a range of sports facilities, including grounds for cricket, football, and other sports, promoting physical fitness and extracurricular engagement among students.
Hostels: Accommodation facilities are available for students, featuring hostels equipped with essential amenities, ensuring a comfortable living environment conducive to academic success and personal growth.

Achievements

Oldest University: Established in 1857, the University of Mumbai holds distinction as one of India’s oldest and most esteemed educational institutions, embodying a rich legacy of academic excellence and leadership.
Virtual Learning: Pioneering virtual education in India, the University of Mumbai was the first public university in the country to introduce a virtual classroom, revolutionizing the delivery of educational content and enhancing accessibility for students.
Research Contributions: The university has made significant contributions to research across various fields, furthering knowledge and innovation within academia and beyond.
Notable Alumni: The University of Mumbai has produced numerous distinguished alumni who have excelled in diverse professional fields, contributing significantly to society and industry both nationally and internationally.
Awards and Recognitions: Recognized for its academic achievements and contributions to education, the university has received numerous awards and accolades, underscoring its commitment to excellence and innovation in higher education.

4. SNDT Mumbai

The first Women’s University in India and South East Asia, Shreemati Nathibai Damodar Thackersey [SNDT] Women’s University was established in 1916. With 166 affiliated colleges spread across 3 campuses in 7 other states, it is located in Mumbai, Maharashtra. There are 15 faculties at the university that offer 117 courses. These include diplomas, degrees, research, and doctorates.

College Ranking for Management

According to the QS World University Rankings, the SNDT Women’s University is in 98th position.

Fee Structure

₹1.5 Lakh is the fee for the MBA program for the entire course duration.

Infrastructure and Facilities

Library: SNDT Women’s University houses a well-equipped library with an extensive collection of books, journals, and digital resources, supporting academic research and learning.
Hostels: The university provides hostel facilities that offer a secure and comfortable living environment for students, ensuring a supportive residential experience conducive to academic success.
Laboratories: State-of-the-art laboratories are available across various departments, facilitating hands-on practical learning and research opportunities, enhancing the academic experience.
Sports Facilities: The campus features sports facilities that cater to a variety of physical activities and sports, promoting holistic student development and well-being.
Auditorium: A spacious auditorium serves as a venue for hosting events, seminars, and cultural activities, enriching campus life and fostering community engagement.

Achievements

Foundation Day Celebrations: Recently celebrated its 108th Foundation Day on July 7, 2023, marking a significant milestone in its history and commitment to education.
Annual Convocation: Successfully conducted its 73rd Annual Convocation ceremony, recognizing the achievements and academic milestones of its graduating students.
Inauguration of Maharshi Karve Mahila Sakshamikaran Dnyansankul: Recently inaugurated a new educational complex in Chandrapur, expanding its educational outreach and impact in the region.
Y20 Chaupal: Organized a participatory discussion on “The Role of Youth in Democracy” in collaboration with Y20, fostering dialogue and civic engagement among students and youth.

Private MBA Colleges In Mumbai

1. JBIMS Mumbai

The Jamnalal Bajaj Institute of Management (JBIMS) was established in 1965 by the University of Mumbai. It has consistently been ranked among the top 10 Business schools in India.

JBIMS CMAT cut-off is 99.99 percentile and MAH-MBA CET cut-off is 99.80 to 99.90 percentile.

College Ranking for Management

JBIMS maintains a consistent 22nd position in the management category by the NIRF.

Fee Structure

The Master of Management Studies (MMS) program at JBIMS is priced at approximately ₹ 6 lakhs for the entire course, providing excellent value for aspiring management professionals.

Infrastructure and Facilities

Library: JBIMS boasts a well-stocked library with an extensive collection of books, journals, and digital resources, supporting robust academic and research endeavors.
Classrooms: Modern classrooms at JBIMS are equipped with state-of-the-art teaching aids and technology, fostering an engaging learning environment conducive to academic excellence.
Computer Labs: The institute features advanced computer labs equipped with high-speed internet and the latest software, catering to the technological needs of students pursuing management education.
Auditorium: A fully equipped auditorium serves as a venue for seminars, conferences, and guest lectures, enhancing the institute’s academic and cultural exchange activities.
Hostel Facilities: JBIMS provides comfortable hostel facilities for outstation students, ensuring a conducive living environment with essential amenities, and supporting a holistic educational experience.

Achievements

JBIMS has achieved significant milestones:

Top Rankings: Recognized consistently among India’s top management institutes for its academic excellence and industry relevance.
Alumni Success: Notable alumni of JBIMS occupy leadership positions as CEOs and business leaders across various sectors, reflecting the institute’s strong legacy of producing industry stalwarts.
Industry Collaborations: JBIMS maintains robust collaborations with industry leaders, facilitating internships, placements, and guest lectures that enrich students’ learning and career opportunities.
Research Contributions: The institute contributes significantly to management research through publications and participation in conferences, advancing knowledge and innovation in the field.

2. SPJIMR Mumbai

The SP Jain Institute of Management and Research (SPJIMR) is recognized as one of the top B-Schools in India and abroad for its Culture and Diversity, Abhyudaya Program, Global Exposure, and Great Return on Investment.

College Ranking for Management

SPJIMR consistently ranks among India’s top management institutes. Notably, according to the Financial Times Masters in Management (FT MiM) rankings, SPJIMR holds the prestigious #1 rank in India and is placed at 40th place globally for its Post-Graduate Diploma in Management (PGDM) program.

Fee Structure

The Post Graduate Diploma in Management (PGDM) program at SPJIMR costs approximately ₹ 20 lakhs for the entire course. This comprehensive fee covers tuition, accommodation, and other academic expenses, ensuring a complete and enriching educational experience.

Infrastructure and Facilities

Campus: Nestled in Andheri West, Mumbai, SPJIMR’s sprawling 45-acre campus provides a tranquil setting conducive to academic pursuits.
Library: SPJIMR boasts a well-stocked library with an extensive collection of books, journals, and digital resources, supporting scholarly research and intellectual exploration.
Hostels: The institute offers comfortable and well-furnished hostel facilities, providing students with a secure and supportive residential environment.
Classrooms: Modern classrooms at SPJIMR are equipped with state-of-the-art technology to facilitate interactive learning and academic engagement.
Sports and Recreation: SPJIMR features comprehensive sports and recreational facilities, including a gymnasium, ensuring students have opportunities for physical fitness and leisure activities.

Achievements

Accreditations: SPJIMR holds prestigious accreditations from bodies like AMBA (Association of MBAs) and NBA (National Board of Accreditation), ensuring adherence to international standards of management education.
Rankings: Beyond national acclaim, SPJIMR’s consistent top rankings in global assessments underscore its excellence in management education and student outcomes.
Research and Innovation: The institute prioritizes ‘wise innovation,’ focusing on purposeful and impactful innovations that contribute to industry advancements and societal progress.
Alumni Network: SPJIMR boasts a robust alumni network comprising influential professionals who contribute significantly to various industries, reflecting the institute’s strong industry connection and alumni success.
Social Impact: SPJIMR is committed to social impact and sustainability, with initiatives aimed at fostering responsible leadership and contributing positively to communities.

3. KJ Somaiya Institute of Management, Mumbai

A constituent college of Somaiya Vidyavihar University, KJ Somaiya Institute of Management was established in 1981 and is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and approved by the University Grants Commission (UGC).

Sports Management, Healthcare Management, and other MBA courses are offered at KJ Somaiya. The Institute also completed its Summer Internship program for the batch of 2024, with the highest stipend reaching ₹1.08 lakhs.

College Ranking for Management

According to NIRF 2023 rankings, the college is placed 45th in India.
Business Today’s 2023 rankings position the college at 25th.
Outlook’s 2024 rankings recognize the college as the 12th best in the country.

Fee Structure

The MBA Program at the college costs approximately ₹20.87 Lakhs.

Infrastructure and Facilities

The library houses over 95,000 books and numerous journals.
Sports facilities include a gym, sports complex, and various sports courts.
Classrooms are equipped with modern teaching aids and technology.
A state-of-the-art auditorium hosts events and seminars.

Achievements

The college holds AACSB Accreditation from the Association to Advance Collegiate Schools of Business.
Top recruiters include companies such as CRISIL, Colgate, DMart, and Asian Paints.
The highest package for the batch of 2024 reached INR 28.25 LPA.

4. PDSE & FB

In Mumbai, Maharashtra, Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai is located. There are various PG and UG courses offered at the institute, both full-time and part-time. The institute offers popular courses such as BBA, BBM/BMS, MBA/PGDM, and PG Diplomas. Further, the institute mainly offers courses in Business and Management Studies.

College Ranking for Management

The Pravin Dalal School of Entrepreneurship & Family Business Management, part of NMIMS, consistently ranks among India’s top business schools. It has been recognized in the Top 10 Business Schools in Entrepreneur B-school Survey 2017 and listed among the Top 100 Masters programs worldwide by Eduniversal Rankings.

Fee Structure

The fee structure for programs offered by PDSE & FB varies:

MBA (Entrepreneurship & Family Business): ₹12-15 lakhs per year.
Integrated MBA (BBA+MBA): Approximately ₹10-12 lakhs per year.
Bachelor of Business Administration (Management & Marketing): ₹ 8-10 lakhs per year.

Infrastructure and Facilities

State-of-the-art Classrooms: Equipped with modern teaching aids and technology.
Library: Extensive collection of books, journals, and digital resources supporting academic pursuits.
Incubation Center: Supports startups and entrepreneurial ventures with necessary resources and guidance.
Sports and Recreation: Facilities available for various sports and recreational activities.
Hostel Accommodation: Provides comfortable and secure living spaces for students.

Achievements