Every year, thousands of Mumbai students dream of doing an MBA. The idea of learning business, management, and leadership skills sounds exciting. But let’s be real, the biggest worry for most students is the cost. Not everyone can spend ₹20–₹25 lakh on IIMs or top-tier B-schools. The good news is, several great MBA and PGDM colleges in Mumbai don’t burn a hole in your pocket, but still deliver solid education and placements.

Mumbai, being India’s financial hub, is packed with business energy. Whether you’re studying marketing, finance, or HR, you’ll feel that real corporate buzz every day. That’s why so many students hunt for the top 10 MBA colleges in Mumbai that offer a good ROI, affordable fees, and strong placements.

If that’s what you’re looking for, this guide will make your search easier. It lists the best MBA and PGDM colleges in Mumbai with low fees, their courses, placements, and reasons why students love them.

Why Students Go for MBA/PGDM Colleges in Mumbai with Low Fees

Choosing a college isn’t just about getting an MBA degree. It’s about how much you learn, who you learn with, and how ready you are for the job market after two years. The best part? Mumbai has colleges that check all these boxes without crazy high fees.

Many of these institutes offer AICTE-approved PGDM programs, which are just as valuable as an MBA but more industry-focused. These courses give you hands-on experience, live projects, and internships that help you fit right into the corporate setup.

And location really matters. Take Durgadevi Saraf Global Business School (DSGS), it’s right in Malad, close to Andheri, BKC, and Lower Parel. That means more access to internships, projects, and real business exposure while you study.

Admission Process for MBA/PGDM Colleges in Mumbai

Most top MBA and PGDM colleges in Mumbai accept entrance exams like MAH CET, CAT, XAT, CMAT, MAT, and GMAT. Once you clear any of these, you’ll usually face Group Discussions (GD) and Personal Interviews (PI).

If you’ve got good grades and strong communication skills, some colleges even offer direct admission.

Eligibility Criteria

To get into a good MBA or PGDM college in Mumbai, you need to:

• Have a Bachelor’s degree in any field from a recognized university
• Appear in at least one entrance exam (MAH CET, CAT, XAT, CMAT, MAT, or GMAT)
• Score at least 50% marks in graduation (45% for reserved categories)
• Some colleges also value work experience or extra-curriculars activities during selection.

Top 10 MBA/MMS/PGDM Colleges in Mumbai with Low Fees

Here’s a list of reputed MBA, MMS, and PGDM colleges in Mumbai that offer great learning, real exposure, and affordable fees.

Durgadevi Saraf Global Business School (DSGS), Malad

If you’re serious about a management career but don’t want to overspend, DSGS is one of the best picks in Mumbai. It balances top-quality teaching, great placements, and affordable fees perfectly.

The college, located in Malad (West), is part of the RSET Group, a trusted name in Mumbai’s education scene. The campus has a friendly vibe with students from across India, all working toward one goal: building successful corporate careers.

The PGDM program at DSGS is AICTE-approved and focuses heavily on industry exposure. Students get to attend guest lectures, workshops, and seminars hosted by business leaders and alumni.

In the PGDM program at Durgadevi Saraf Global Business School (DSGS), students learn far beyond the classroom. The college offers international immersion programs where students visit global universities and companies, meet business leaders, and see how markets work in other countries. These experiences help them understand how different cultures handle business and management. For anyone looking for PGDM colleges in Mumbai with International Immersion or a global immersion in PGDM, DSGS gives the perfect mix of international learning and strong industry connections in Mumbai.

Courses and Specializations

At DSGS, students can choose from four focused PGDM specializations:

• Finance (Financial Markets)
• Marketing and Communications
• Organizational Psychology & Human Resource Management
• Operations (Logistics and Supply Chain Management)

Each course includes real projects, case studies, and internships that help you apply classroom learning directly in real business environments.

Fees and Placement

The total two-year fee for DSGS PGDM is about ₹8–8.5 lakhs, which is reasonable by Mumbai standards.

Placement results have been strong year after year. The average salary package stands at ₹10.4 LPA, and recruiters come from banking, FMCG, consulting, and media sectors. Some big names include HDFC Bank, Deloitte, Kotak, ICICI, and Aditya Birla Group.

Why Choose DSGS?

• Affordable fees and solid ROI
• Corporate connections across the top Mumbai industries
• Practical-focused PGDM curriculum
• Centrally located campus in Malad (West)
• Supportive faculty and dedicated placement guidance

If you want to build a management career without huge debt, DSGS is a smart choice. You can learn more about the program and admissions at www.dsgs.org.in.

MBA/PGDM Colleges in Mumbai That Accept MAH CET

Appeared for MAH CET? Great. It opens doors to several reputed colleges such as:

• Durgadevi Saraf Global Business School (DSGS)
• NL Dalmia Institute of Management
• MET Institute of Management
• IES Management College
• Lala Lajpatrai Institute of Management

MAH CET is a state-level test that helps students get into both private and government MBA colleges across Maharashtra.

Top 5 Government MBA Colleges in Mumbai with Low Fees

If your goal is to study at a government MBA college, here are some top names with much lower fees:

• JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies, Mumbai
• Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai
• SIMSREE Mumbai - Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai
• IIM Mumbai (NITIE) - Indian Institute of Management Mumbai

These colleges usually charge ₹2–4 lakhs in total, but admissions are highly competitive because of limited seats.

Best Private MBA/PGDM Colleges in Mumbai with Low Fees

Private colleges, on the other hand, give you better infrastructure, updated teaching, and more corporate exposure. Some good options are:

• Durgadevi Saraf Global Business School (DSGS)
• SIES College of Management Studies
• MET Institute of Management
• Chetana’s Institute of Management
• NL Dalmia Institute

These private colleges are great for students who want modern learning, active placement cells, and industry-relevant skills.

Top MBA/PGDM Colleges in Mumbai for Placement

When it comes to placement, these colleges perform well every year:

• DSGS, Malad
• NL Dalmia
• IES MCRC
• SIES College
• MET Institute

Most recruiters come from top sectors like banking, IT, consulting, and FMCG.

Final Thoughts

If you’re looking for the top 10 MBA colleges in Mumbai with low fees, think beyond just the brand. Focus on where you’ll get the best mix of learning, placement, and location advantage.

Durgadevi Saraf Global Business School (DSGS) hits that balance perfectly academics, great placement support, and low fees in the heart of Mumbai.

So, if you’re planning your next big step, explore the PGDM courses in Mumbai and start shaping your management career today.

FAQs About MBA/PGDM Colleges in Mumbai

Q1. Which MBA college in Mumbai has the lowest fees?

Some of the most affordable ones are DSGS, LLIM, and Sterling Institute, with total fees around ₹5–7 lakhs.

Q2. Is PGDM from DSGS equal to an MBA?

Yes. The PGDM program at DSGS is AICTE-approved and has the same value as an MBA, with a stronger focus on practical learning.

Q3. What is the average salary after PGDM from DSGS?

The average package is ₹5.6 LPA, with top recruiters from marketing, consulting, and finance.

Q4. Can I get direct admission in DSGS Mumbai?

Yes. DSGS offers direct admission for students who meet eligibility and entrance criteria.

Q5. Which entrance exams are accepted by DSGS?

DSGS accepts MAH CET, CAT, XAT, CMAT, MAT, and GMAT.