Mumbai has several MBA colleges offering management courses. Out of these, the 2 year full time Post Graduate Diploma in Management (PGDBM) and the Mumbai University prescribed Masters in Management Studies (MMS) are the most popular ones. Some management colleges in Mumbai swap the group discussion for a micro-presentations or a group activity.
Most of the B-Schools like SJIMR consider the Common Admission Test (CAT)/ Xavier Aptitude Test (XAT)/ GMAT score for short listing the students for the next round in the admission procedure. Some others like NMIMS and TISS conduct their own entrance tests. The most relevant test for an MBA in Maharashtra is the Maharashtra Common Entrance Test (MH-CET) whose score is considered by most of the reputed B-Schools, like JBIMS and K.J. Somaiya. The local students have an edge as most of the seats open for admission through this test are reserved for them.
Mumbai has some very good management colleges, but many not-so-good ones too. Some of these are mere infrastructural extensions of other institutions offering undergraduate or graduate courses. There is a dearth of institutions that can impart comprehensive management education to transform students into managers.
International Management Education in Mumbai
If you are planning to jumpstart your global career, you need to attain the best international business education. While an international MBA or a management diploma is the most preferred way ahead, the fees for such courses puts them beyond most students’ reach.
The need of the hour is a B-school that offers internationally recognized programs delivered through management colleges in Mumbai, at a fraction of the cost!
MBA in Mumbai - What to Look For?
How does one zero-in on the best B-school?
There are many MBA colleges in Mumbai. However, only an internationally recognized degree or diploma can help you succeed in today’s globalized economy. It is important to enhance your learning experience and broaden your horizons with the experience of working towards getting an MBA.
Pedagogy that includes case studies, industry faculty, competitions, hands-on projects and group activities, help students develop as well- rounded managers. For this purpose, an MBA institute should provide access to exhaustive reading and reference materials, journals, magazines and online libraries, along with state- of-the-art learning tools and in-class infrastructure.
Perhaps one of the most critical aspects to look for is the quality of full-time and visiting faculty that the institute attracts - these are the real torchbearers. Periodic industry visits, interactions with management gurus and international business speakers is an ideal mode to learn and develop practical insights.
Placement records of an institute play a huge role in making this decision. Most reputed institutions are visited by national and international recruiters. Look for the placement records of the institution to learn about its summer and final placement statistics.
Other Important Aspects:
The core subjects covered by most management colleges in Mumbai are - Marketing, Finance, International Business, HR, Operations and Systems. Ensure that the institute offers the subjects you wish to pursue. While an MBA in Mumbai would cost a fraction of the overseas cost, the fee structure varies from one institute to the other. Most banks offer pre-approved loans to students seeking admission to prestigious institutes.