Mumbai is not only home to Bollywood, but this lively metro city also serves as the financial capital of India. Popularly known as the City of Dreams, it offers endless career opportunities. The top 10 MBA colleges in Mumbai with low fees have also made it a second home to students looking for affordable management education.
Updated On : 28.October.2025
Top 10 MBA Colleges in Mumbai with Low Fees – Check Now
Are you an aspiring MBA student looking for MBA colleges in Mumbai with affordable fees? Keep reading, as this blog will feature a list of leading colleges that provide quality management education. We’ll make the right college search easier, as the list will include colleges that provide affordable education with strong placement support.
Top 10 MBA Colleges in Mumbai with Affordable Fees
Most MBA colleges in Mumbai with fees that students can afford also have strong connections with major companies and recruiters. Moreover, they offer a range of courses, like finance, business analytics, human resources, and others. Here are 10 leading MBA colleges in the city that can be a suitable option for anyone looking for quality learning and job opportunities with fees within their reach:
1. JBIMS (Jamnalal Bajaj Institute of Management Studies)
JBIMS is among the most affordable and top MBA colleges in Mumbai with low fees. Students who wish to secure admission to its flagship MMS program need to pay around INR 3.5 lakh. This college focuses on offering its students practical learning experiences. So, teachers here connect classroom lessons with real business situations. It offers a range of courses and provides students with access to company visits. Moreover, students here can also take part in live projects. Popularly known as the CEO Factory, this college has produced many corporate leaders.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 6,00,000 per annum (for MBA program) |
| Facilities | Library, Wi-Fi campus, Computer Lab, Auditorium, Hostel (limited), Canteen, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 400 meters from Churchgate Bus Stop |
2. SIMSREE (Sydenham Institute of Management Studies, Research & Entrepreneurship Education)
SIMSREE is a leading government college that is ranked among the top 10 MBA colleges in Mumbai. Students need to pay a total cost of around INR 1.50 lakh for its MBA or MMS program. Besides its affordable fees, the college has a strong academic reputation. It offers many programs, including MMS, PGDBM, and others. Teachers here focus on helping students develop industry-relevant skills. Students also get opportunities to take part in live corporate projects, join internships, and work on case studies. Its campus has a central location and is easily accessible.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 1,50,000 per annum (for MMS program) |
| Facilities | Library, Computer Lab, Wi-Fi Campus, Seminar Halls, Sports Facility, Hostel (limited), Placement Cell |
| Distance from Nearest Bus Stop | Approximately 300 meters from Churchgate Bus Stop |
3. SIES College of Management Studies
SIES College of Management Studies is among the top MBA colleges in Mumbai with low fees. This college offers quality MBA and PGDM programs at a reasonable cost. Compared to other private MBA colleges in the city, it is usually seen as an affordable option. Students need to pay a fee of INR 4.5 lakh annually for management studies. Students can directly contact the college by visiting its official website. They can also visit the office to get updated information about their MBA fee structure.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 3,60,000 per annum (for PGDM program) |
| Facilities | Smart Classrooms, Library, Computer Labs, Wi-Fi Campus, Hostel, Cafeteria, Sports Facilities, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 500 meters from Nerul Bus Stop |
4. K.J. Somaiya Institute of Management
This is a reputable private MBA college in Mumbai that offers several MBA programs. Although its fees can be higher compared to other options, its strong marketing curriculum makes it a good option. This AACSB-accredited school has secured the 63rd rank among the top business schools in India in the 2024 NIRF ranking. Students are getting placement support and access to the required modern academic facilities. The college has strong ties with top companies, so students get the opportunity to learn real business skills.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 8,00,000 per annum (for MBA program) |
| Facilities | Modern Classrooms, Library, Computer Labs, Wi-Fi Campus, Hostel, Gym, Canteen, Sports Complex, Auditorium, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 600 meters from Vidyavihar Bus Stop |
5. ITM Business School
This business school in Navi Mumbai is among those MBA colleges in Mumbai with fees that students can afford that accept CAT. The main focus of college is on providing students with practical learning through industry visits, live projects, and an updated curriculum. The college has made strong ties with more than 650 companies like Amazon and JPMorgan Chase. So, provide students with a wide range of placement opportunities in diverse fields, like marketing, finance, and others. This college with a modern campus offers AICTE-approved PGDM programs.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 5,50,000 per annum (for PGDM program) |
| Facilities | Modern Classrooms, Library, Computer Labs, Wi-Fi Campus, Hostel, Cafeteria, Sports Facilities, Incubation Center, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 700 meters from Seawoods Bus Stop |
6. Welingkar Institute of Management
This private college in Mumbai is famous for its advanced curriculum and unique teaching methods, like Bloomberg labs and market data access. Students need to pay a fee of INR 7-9 lakh for the entire course. The college offers diverse programs with both on-campus and online options. Welingkar designs its programs to match the continuously changing practical learning needs. It has maintained a strong placement record, as it attracts recruiting companies from various sectors due to its favorable location and quality education.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 6,50,000 per annum (for PGDM program) |
| Facilities | Smart Classrooms, Innovation Labs, Library, Computer Labs, Wi-Fi Campus, Hostel, Gym, Auditorium, Cafeteria, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 350 meters from Matunga Bus Stop |
7. MKES – Institute of Management Studies & Research
MKES – IMSR is counted among the top 10 MBA colleges in Mumbai with affordable fees. This college offers an AICTE-approved PGDM program, which provides students with practical business knowledge and skills needed for leadership roles. Moreover, its curriculum is regularly updated to match the evolving business world. Teachers here are very supportive, and the institute also arranges guest lectures to make the learning experience more rewarding for students. Every student here must complete a final Capstone Project that allows them to practically apply their learning of different subjects.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 2,50,000 per annum (for MMS program) |
| Facilities | Air-Conditioned Classrooms, Library, Computer Lab, Wi-Fi Campus, Seminar Halls, Cafeteria, Sports Facilities, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 400 meters from Malad West Bus Stop |
8. Vivekanand Business School (VBS)
VBS is a top business school in Mumbai that holds accreditations from national bodies, like NBA and AICTE. The college has a modern campus and follows a curriculum that focuses on practical skills. Students, through live projects, case studies, and industry interaction, learn real business skills. It follows a syllabus that is redesigned by industry leaders to ensure students are prepared for new-age business challenges. This B-school has a strong placement record and high rankings for placements among the top MBA colleges in Mumbai with low fees. It has strong ties with more than 350 local and global companies. So, it provides placement assistance and internship programs.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 4,50,000 per annum (for PGDM program) |
| Facilities | Smart Classrooms, Library, Computer Labs, Wi-Fi Campus, Auditorium, Hostel, Cafeteria, Sports Facilities, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 500 meters from Chembur Bus Stop |
9. IES’s Management College and Research Centre (IES MCRC)
IES MCRC mainly focuses on providing students with value-based, practical education. It aims to create professionals who are not only ready to face new-age business challenges but also socially responsible. It has a good rank among the top MBA colleges in Mumbai with fees that students can afford. Teachers here help students apply classroom knowledge to real-life situations. The college also holds a strong placement record and has a large alumni network of more than 5,000 professionals who have achieved success in different fields and industries.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 4,00,000 per annum (for PGDM program) |
| Facilities | Smart Classrooms, Library, Computer Labs, Wi-Fi Campus, Auditorium, Hostel, Cafeteria, Innovation Labs, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 300 meters from Bandra Bus Stop |
10. Durgadevi Saraf Institute of Management Studies (DSIMS)
DSIMS is an NAAC B+ accredited B-school in Mumbai that offers a two-year MMS program with many options, like Finance, HR, Operations, and Marketing. The college also provides short-term programs and research opportunities. This AICTE- and DTE-approved college also offers a Ph.D. in Management. Teachers here make sure that students get the right practical knowledge and also help them secure placements in leading companies. This business school has a modern campus with top-tier facilities. It stands out among the MBA colleges in Mumbai for 2026, providing a rich learning environment.
College Details
| Category | Details |
|---|---|
| Fees (Approx.) | INR 3,80,000 per annum (for MMS program) |
| Facilities | Air-Conditioned Classrooms, Library, Computer Labs, Wi-Fi Campus, Auditorium, Cafeteria, Hostel, Sports Facilities, Placement Cell |
| Distance from Nearest Bus Stop | Approximately 450 meters from Malad West Bus Stop |
Best MBA Colleges in Mumbai for 2026 Admissions
Mumbai is home to many top colleges that provide quality management education. The top 10 MBA colleges in Mumbai that we discussed above support aspiring business leaders by offering quality education and placement support. Moreover, their fees are also affordable. Every college offers unique learning opportunities, so you must review all details and then make a final decision. Many boarding schools in Mumbai prepare students for CAT, CMAT, and other popular entrance exams for business schools.
By choosing a school that supports your children’s career goals, you can ensure their lifelong success. Visit Edhippo Academy Private Limited and make your search for the best boarding school in Mumbai easier. You can check the details of the top schools in the city, including their fee structure, admission procedures, and others, in just a few clicks. You can also connect directly with our experts to choose the best school for your child’s successful future in management.