MBA Colleges in Mumbai with Low Fees 2025: Mumbai, the financial capital of India, is home to some of the top business schools offering MBA and PGDM programs. While many prestigious institutions like NMIMS, SP Jain, and JBIMS have high tuition fees, several reputed colleges in Mumbai provide quality MBA education at a much lower cost. These affordable MBA colleges cater to students from diverse financial backgrounds while ensuring good placement opportunities.
If you are searching for low-fee MBA colleges in Mumbai, this guide will provide detailed information about the best options available, their fee structure, eligibility, admission process, and placement opportunities.
Why Choose an Affordable MBA College in Mumbai?
- Quality Education at Lower Costs – Many government and private colleges offer MBA programs with excellent faculty and infrastructure at reasonable tuition fees.
- Strong Industry Exposure – Mumbai’s corporate ecosystem provides ample internship and placement opportunities with top companies.
- Better ROI (Return on Investment) – Low fees combined with decent salary packages ensure a quicker return on investment after completing an MBA.
- Scholarship and Financial Assistance – Many colleges offer scholarships to meritorious and financially needy students.
- Wide Range of Specializations – Even budget-friendly colleges offer diverse MBA specializations such as Finance, Marketing, HR, and Operations.
Popular MBA Examinations
List of MBA Colleges in Mumbai with Low Fees
Here is a list of some of the top MBA colleges in Mumbai offering courses at an affordable fee:
| MBA College | Total Fees (Approx.) |
|---|---|
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | ₹6-7 Lakhs |
| K. J. Somaiya Institute of Management | ₹3-6 Lakhs |
| Sydenham Institute of Management Studies (SIMSREE) | ₹1.50-2.50 Lakhs |
| Welingkar Institute of Management (WeSchool) | ₹3-6 Lakhs |
| Chetana’s Institute of Management & Research | ₹2-4 Lakhs |
| MET Institute of Management | ₹2-3 Lakhs |
| Xavier Institute of Management & Research (XIMR) | ₹1.5-3 Lakhs |
| NL Dalmia Institute of Management Studies | ₹4-5 Lakhs |
| Lala Lajpatrai Institute of Management | ₹2-3 Lakhs |
| VES Institute of Management Studies | ₹2.5-4 Lakhs |
Government MBA Colleges in Mumbai with Low Fees
| Low Fees Govt. MBA Colleges in Mumbai | MBA Fees in Rs. |
|---|---|
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | ₹6,00,000 |
| Sydenham Institute of Management Studies (SIMSREE) | ₹1,36,000 |
| K. J. Somaiya Institute of Management (Government quota) | ₹3,00,000 |
| SIES College of Management Studies (Government quota) | ₹2,50,000 |
| University of Mumbai – Alkesh Dinesh Mody Institute | ₹1,10,000 |
| Lala Lajpatrai Institute of Management (Government quota) | ₹1,80,000 |
Low-Fee Private MBA Colleges in Mumbai
| Low Fees Prvt. MBA Colleges in Mumbai | MBA Fees in Rs. |
|---|---|
| Chetana’s Institute of Management & Research | ₹3,50,000 |
| MET Institute of Management | ₹4,50,000 |
| SIES College of Management Studies (Private quota) | ₹4,00,000 |
| ITM Business School, Navi Mumbai | ₹5,00,000 |
| Lala Lajpatrai Institute of Management (Private quota) | ₹3,75,000 |
| VES Institute of Management Studies & Research | ₹4,25,000 |
| Kohinoor Business School | ₹3,25,000 |
Eligibility Criteria for Low-Fee MBA Colleges in Mumbai
The eligibility criteria for MBA colleges in Mumbai are generally similar, though some universities may have variations. Students seeking admission to top MBA colleges must meet certain basic requirements. These typically include a bachelor’s degree from a recognized university with a minimum aggregate score. Many institutions also require valid scores from entrance exams like CAT, MAT, CMAT or MAH CET. Some colleges conduct personal interviews and group discussions as part of their selection process. Candidates should check specific eligibility conditions for their preferred institutions before applying. Meeting these criteria enhances the chances of securing admission to reputed MBA colleges in Mumbai.
- Bachelor’s Degree: A minimum of 50% marks (45% for reserved categories) in any discipline from a recognized university.
- Entrance Exam Score: Colleges accept scores from CAT, MAT, CMAT, XAT, ATMA, MAH-CET, or institute-specific exams.
- Work Experience (if applicable): Some institutes prefer candidates with prior work experience for executive MBA programs.
- Group Discussion (GD) & Personal Interview (PI): Shortlisted candidates may be required to go through GD and PI rounds.
Popular MBA Specializations in Mumbai’s Low-Fee Colleges
Most affordable MBA colleges in Mumbai offer a variety of specializations, including:
- Finance
- Marketing
- Human Resource Management
- Operations Management
- Business Analytics
- Entrepreneurship
- International Business
Admission Process for Low-Fee MBA Colleges in Mumbai
Most Low fees MBA colleges in Mumbai, whether high-ranking institutions or budget-friendly options, admit students based on entrance exams. These may include national, university, or institute-level tests. Understanding the admission process is crucial for aspirants seeking MBA programs at low-cost colleges. Below are the key steps involved in securing admission to the top Low fees MBA colleges in Mumbai, helping students navigate their application journey smoothly. The admission process generally follows these steps:
- Appear for Entrance Exam: Candidates must take exams like CAT, MAT, XAT, CMAT, MAH-CET, or institute-level exams.
- Application Submission: Apply online or offline to preferred colleges with relevant documents and test scores.
- Shortlisting & Selection: Colleges shortlist candidates based on entrance scores, academic performance, and work experience.
- GD/PI Round: Shortlisted candidates appear for Group Discussion (GD) and Personal Interview (PI) rounds.
- Final Admission Offer: Selected candidates receive admission offers, and the payment of fees secures their seats.
Placement and Salary Trends in Affordable MBA Colleges
Many affordable MBA colleges in Mumbai have excellent placement records with competitive salary packages. Here are some of the colleges and their average placement salaries:
| College Name | Average Salary (INR per annum) |
|---|---|
| JBIMS Mumbai | ₹18-22 LPA |
| SIMSREE Mumbai | ₹10-12 LPA |
| K. J. Somaiya Institute of Management | ₹8-10 LPA |
| Welingkar Institute (WeSchool) | ₹7-9 LPA |
| Chetana’s Institute of Management | ₹5-7 LPA |
Low Rankings: Top Low-Fee MBA Colleges in Mumbai
Here is a list of low-fee MBA colleges in Mumbai with their respective rankings. These colleges offer affordable management education while providing industry exposure and placement opportunities.
| Name of the College | Ranking |
|---|---|
| Chetana’s Institute of Management & Research | Ranked among Top 100 B-Schools in India |
| MET Institute of Management | Ranked among Top 50 Private B-Schools in Maharashtra |
| SIES College of Management Studies | Ranked among Top 75 B-Schools in India |
| ITM Business School, Navi Mumbai | Ranked among Top 100 B-Schools in India |
| Lala Lajpatrai Institute of Management | Ranked among Top 100 Private B-Schools in India |
| VES Institute of Management Studies & Research | Ranked among Top 100 B-Schools in India |
| Kohinoor Business School | Ranked among Top 150 B-Schools in India |
Conclusion: Finding the Right MBA College in Mumbai at Low Fees
If you are looking for top MBA colleges in Mumbai with low fees, several reputed institutions offer affordable management education with good placement prospects. Consider factors like faculty, infrastructure, ROI, and specialization options before making your choice.
Pursuing an MBA in Mumbai at a budget-friendly institution can still open doors to rewarding career opportunities without financial burden.
MBA Colleges in Mumbai with Low Fees 2025 FAQs
Q. Which are the best MBA colleges in Mumbai with low fees?
A. Some of the top MBA colleges in Mumbai with affordable fees include JBIMS, SIMSREE, MET Institute of Management, and Chetana’s Institute of Management & Research.
Q. What is the average fee for MBA colleges in Mumbai with low fees?
A. The average fee for MBA colleges in Mumbai with low fees ranges from ₹50,000 to ₹6 lakhs, depending on the institute and specialization.
Q. Are there government MBA colleges in Mumbai with low fees?
A. Yes, government MBA colleges like JBIMS and SIMSREE offer quality MBA programs at a much lower cost compared to private institutions.
Q. Can I get admission to a low-fee MBA college in Mumbai without an entrance exam?
A. Some private MBA colleges offer direct admission under management quota, but most reputed institutes require entrance exams like MAH-CET, CAT, or CMAT.
Q. Do low-fee MBA colleges in Mumbai offer good placements?
A. Yes, many affordable MBA colleges in Mumbai have strong industry connections and provide decent placement opportunities, with salaries ranging from ₹3 LPA to ₹12 LPA.