Mumbai is the financial capital of the country and also the most happening city in India. But Mumbai is not all about Bollywood and film stars, the city is also a very good destination for receiving the quality education.
For example-Mumbai hosts some of the best business schools in the country. In fact, it is the only city in the country which has so many business schools of the country. Also, most of the b-schools located in Mumbai stand amongst the top 10 or top 20 MBA colleges of India, which really makes Mumbai a hub of management education.
Also, it has the advantage of having so many corporate offices in the city. The pedagogy of institutes located in it plus the location advantage makes Mumbai’s colleges best in terms of placements as well. This is the reason why colleges in this city have always been great in terms of providing the best placements.
To ease the brainstorming of MBA aspirants who wish to study at Mumbai, we bring you 9 colleges that are best in terms of placements.
They are: SP Jain Institute of Management and Research, National Institute of Industrial Engineering, Jamnalal Bajaj Institute of Management Studies, NMIMS Mumbai, IIM Indore Mumbai Campus, Shailesh J Mehta School of Management – IIT Mumbai, Tata Institute of Social Sciences, K J Somaiya Institute of Management Studies and Research, Sydenham Institute of Management Studies, Research and Entrepreneurship Education.
So, let us take a look at which are these 9 best b-schools of Mumbai in terms of placements –
- SP Jain Institute of Management and Research
SP Jain Institute of Management and Research stands tall amongst the top 10 business schools of the country. Established in 1981, this autonomous institute has always kept its standard high in terms of placements, teaching, and research.
SPJIMS lags nowhere behind in terms of placements when compared to any business school in the country. This year, a total of 226 students participated in the placement process of the institute and ended up with having 256 offers.
With 5 international offers, the average salary of the batch stood at 20.9 LPA, where the median salary stood at 20 LPA.
The good thing about placements at SPJIMR is that almost every student institute gets a very high package. This year, 91% of the batch has received offers of more than 15 LPA, while 98% of the batch grabbed offers of more than 14 LPA, which shows the quality of education at this institute.
- National Institute of Industrial Engineering
National Institute of Industrial Engineering, established under the Government of India is a leading business school in the country. Specialized in Industrial Engineering, NITIE is popularly known as ‘Mecca of Operations’ amongst MBA aspirants.
NITIE placed itself comfortable amongst the Ivy League colleges of India and has been recognized as a center of excellence.
Placements are always a happy picture at NITIE. This year, the institute has reported an average package of INR 15.83 LPA, which is literally a big number. The highest domestic package at the institute stood at 39.5 LPA which is huge.
The institute also reported 8 students have got international packages. Since we have already discussed that it is Mecca of Operations, a majority of students an of NITIE (38%) have got placed in SCM/Operational roles. Sector-wise, the majority of students chose sectors like Manufacturing, FMCG, IT and Consulting.
- Jamnalal Bajaj Institute of Management Studies
Jamnalal Bajaj Institute of Management Studies is not only amongst the best business schools in Mumbai only, but it has also been constantly ranked amongst top 10 business school in India. The institute which was established in 1965, has been regularly re-shaping itself according to the current global economic scenario, despite being deeply rooted in local values.
JBIMS has recently completed its placements and as expected, it has flooded the students with opportunities in various sectors. With its small batch size, pedagogy and enduring culture, JBIMS has always been very successful with its placements.
This year, JBIMS has seen an average package of INR 18.76 lakhs, which has been constantly growing from year to year.
With the highest package of INR 34 lakhs, the institute has reported that 43% of the batch has got placed in BFSI sector. Apart from this, a good number of people have got placed in Consulting, FMCG and IT sectors as well.
- NMIMS Mumbai
School of Business Management of NMIMS University is amongst the most sought for business schools in the country. NMIMS Mumbai grants admission on the basis of NMAT scores.
NMIMS Mumbai has a big batch size of more than 550 students, but still, the institute has shown a stellar performance in placements, just like it does every year. With such a huge batch, it has reported an average package of 17.58 lakhs which is commendable. Also, the highest package of the institute stood at 34 LPA.
Most of the candidates sought FMCG and IT sector as 32% of the candidates got placements in these. Another interesting thing about placements of NMIMS Mumbai is that top 50 candidates reported an average package of 26.5 lakhs, which really is an unbelievable figure.
- IIM Indore Mumbai Campus
Mumbai Campus of Indian Institute of Management, Indore is an arm of prestigious IIM Indore. While the institute was itself established in 1996, it has extended itself beyond the limits of Indore city and has established the Mumbai Campus in 2015. With this addition, the batch size of IIM Indore currently has more than 600 students.
Even after having the largest batch amongst all IIMs, IIM Indore has been excellent in its placements. It conducts a common placement drive for both the campuses, therefore, students of Mumbai campus are also kept at par with Indore campus. This year, IIM Indore (Mumbai Campus) reported an average package of 12.74 LPA. Overall, IIM Indore reported the highest package of 37 LPA, which defines the legacy of IIMs and their placements.
- Shailesh J Mehta School of Management – IIT Mumbai
Shailesh J Mehta School of Management of IIT Bombay is another top-notch business school in the country. Although IIT Mumbai is better known for the quality of education in the field of engineering, the institute has made itself a prominent name amongst business schools as well. Business school of IIT Mumbai was established in 1995, and currently has a CAT cutoff of around 97.5 percentile, which proves it demand amongst students.
IIT Mumbai is certainly an excellent performer in placements. The institute which keeps a small batch size has 115 students studying in its campus this year. IIT Mumbai has reported an average package of 17.63 lakhs, which approves its excellence. The highest package of the batch stood at INR 29.9 lakhs.
Consulting, IT and Manufacturing sectors grabbed 2/3rd of the batch in placements. The top 30 students of the batch reported an average package of 24.48 lakhs, which means that a good number of students from the institute are grabbing very healthy packages.
- Tata Institute of Social Sciences
Tata Institute of Social Sciences another premier business school located in Mumbai. The institute is successfully holding its very old legacy from 1936 when it was established as Sir Dorabji Tata Graduate School of Social Work. In 1944, it was given its current name.
The interesting thing about TISS Mumbai is that it does not offer an MBA degree or PGP/PGDM like other business schools. Its most famous program is MA in Human Resource Management which is considered equivalent to an MBA in HR. Despite this big distinction, the institute stands tall amongst the best b-schools of the country.
With a tiny class size of just 65 students for its HR program, TISS has delivered a laudable performance in placements. The median salary for this year’s batch stood at 18 lakhs. The average salary settled around 18.2 LPA, which was 17.4 LPA last year.
A total of 44 companies participated in the placement process and the highest package stood at 28.5 LPA. Two students of the batch got international offers as well.
- K J Somaiya Institute of Management Studies and Research
K J Somaiya Institute of Management Studies and Research is a private business school located in Mumbai. Established in 1981, the institute currently ranks amongst the best private business schools in the country. In GHRDC CSR Business School Survey, K J Somaiya was recognized as the second best private business school in Maharashtra.
With such accolades for its name, K J Somaiya does complete justice to them when it comes to placements. The institute has constantly been maintaining a record of 100% placements over the years. This year, the average package at the institute stood at 9.19 LPA, while the highest package offered was 24 LPA.
A total of 257 companies participated in recruiting 480 students of the institute. The students fetched 100 offers from BFSI sector and 96 offers from IT sector, which remained two highly attractive sectors for students.
- Sydenham Institute of Management Studies, Research and Entrepreneurship Education
Sydenham Institute of Management Studies, Research and Entrepreneurship Education is another highly desired business school located in Mumbai. Popularly known as SIMSREE, the institute was established in 1983. Currently, it is operated by Government of Maharashtra.
SIMSREE is certainly a stellar performer when it comes to placements, as the institute reports some commendable placement stats every year. And just like every year, the placement numbers for this year are also great.
A total of 132 companies visited the campus to recruit 132 students of the college. The median and average CTC stood at 10.43 and 10.84 LPA. The highest package offered stood at 23.24 LPA, which represents the quality of education in this institute. 40% of the students of SIMSREE got placed in BFSI sector.
With such great placements, Mumbai is probably the city with the best options when it comes to management education. The life this city offers plus the quality of education here, there is not an inch of doubt in the fact that Mumbai is the most desired city in the country for MBA.