10 MBA Colleges in Mumbai Offering Scholarships in 2024

Mumbai is one of India"s financial capitals and a destination for management education, as with time, the demand for management studies has also increased. For this, various MBA colleges existed to shape students" futures. However, many can"t afford this type of education due to heavy fees. Given this scenario, many institutions provide scholarships that help them continue their education.

1. Atlas Skill Tech University Mumbai: Atlas Skill Tech University Mumbai is one of the youngest institutes. It was established in 2021 in Mumbai, and it is a private university. The institute is famous for Flagship courses in PGDM and Masters in Management. This institute offers a wide range of Management courses in various specializations. The fees for the MBA program are 12 LPA to 14 LPA. This institute offers scholarships to students who lack high-quality education due to financial problems or weak backgrounds. The institute provides various types of scholarships. 

• Merit-based Scholarship

Candidates who have scored above 80% are eligible for the scholarship amount.

• Academic Scholarship 

Applicants who have scored above 75% in NEET are eligible for a scholarship amount.

• Sports Scholarships, cultural scholarships, and  Social service Scholarships are also provided by the institute.
• Defence personal scholarship, a 5 to 10% scholarship amount will be given under this category.

2. Regenesys Business School (RBS) Mumbai: It was established in the year 2013 in Mumbai. The RBS is one of the world-class Management schools that got accreditation from the Council of Higher Education, Department of Higher Education and Training. The institute got approval from the All India Council for Technical Education (AICTE) and also the Association of Indian Universities (AIU). The institute offers various UG, PG, and Doctorate programs in MBA/PGDM and other Management Courses. The institute offers various scholarships and financial aid to support the education of the students.

• Merit-based Scholarship

Candidates who have scored above 70% are eligible for the scholarship amount.

• Academic Scholarship 

Applicants who have scored above 75% in entrance exams are eligible for a scholarship amount.

• Diversity Scholarship

This scholarship supports various minority people such as women, ethnic, LGBTQ, and people from different countries.

• Employer Sponsorship

This scholarship amount is provided to working candidates through this they get financial aid to continue their education.

• Also, the institute offers private loans, government aid, and financial support.

3. Durgadevi Saraf Institute of Management Studies(DSIMS) Mumbai:  DSIMS is an institute that provides professional Management courses in various specializations, such as MBA and PGDM. The institute offers UG, PG, and doctorate programs and is known for its flagship program in MMS. The institute was established in 2010 in Mumbai. The institute is approved by the National Board of Accreditation (NBA) and the All India Council for Technical Education (AICTE). The institute offers various types of scholarships to support the education of economically weak students.

• Merit-based Scholarship

Candidates who have scored above 70% are eligible for the scholarship amount.

• IRB Endowment Fund 

This type of scholarship is provided to highly meritorious students by Infrastructure Developers Ltd. Under this Scholarship 50% tuition fee will be provided.

4. Guru Nanak Institute of Management Studies (GNIMS) Mumbai: GNIMS Mumbai is one of the leading management and business institutes in Mumbai. The institute offers UG, PG, and PhD courses. It is an Autonomous Institute that was established in 2002. It is also accredited by AACSB AICTE and NBA. The institute has also seen an increase of 3.86% along with a salary increment of 15%. The institute offers various types of scholarships to support students" financial problems and help them in their education.

• Merit-based Scholarship

Candidates who have scored above 60% are eligible for the scholarship amount.

• Academic Scholarship 

Applicants who have scored above 70% in NEET CAT, XAT, or MAT are eligible for a scholarship amount.

• Sports Scholarships, Cultural scholarships, and Social service Scholarships are also provided by the institute.
• Defence personal scholarship, a 10 to 15% scholarship amount will be given under this category.

5. Sydenham Institute of Management Studies Research and Entrepreneurship Education (SIMSREE) Mumbai: SIMSREE Mumbai is a Management and marketing institute established in 1983 by the University of Bombay. The institute has achieved a ranking of 25th by IIRF. The institute also got approval from AICTE and NBA. The institute offers multiple courses in various specializations to UG, PG, Diploma, and Certificate courses. The institute is famous for MBA/PGDM in business management, finance, operation, sales marketing, etc. This institute offers various scholarships and financial loans to support the education of the students and make them independent.

• Union Bank Loan scheme, SIMSREE institute has a tie-up with Union Bank, under which a candidate can avail of a loan amount of 7 lakhs to 20 lakhs at the minimum interest rate.
• Merit-based Scholarship

Candidates who have scored above 80% are eligible for the scholarship amount.

• S.Desai Sports scholarships
• BBI & BMS KPMG Scholarships
• Maharaja Takhat Singh Ji Scholarship.

6. Lala Lajpat Rai Institute of Management (LLIM) Mumbai: LLIM Mumbai University is one of the top-tier universities in Mumbai established in 1995. The university offers  PG and doctorate programs in Management and business studies. The university was ranked 26th by Times B-School. It is also approved by AICTE and the NBA. The average fee for the course is around 8 lakhs to 20 lakhs. The institute offers various scholarships to meritorious students to support their education.

• Minority Scholarship

This type of scholarship will help students who are from backward castes such as SC, ST or belong to a minority section.

• The institute also provides government and state-based Scholarships.

7. ICFI Business School (IBS) Mumbai: IBS is a top-tier private b-school established in 1995 that offers integrated management courses and conducts various skill development programs. The institute offers 2-year PGDM courses. The institute ranked 29th by IIRF for the best Management institute in India. The institute was also approved by UGC and rated A++ by Business India. 

• Merit-based Scholarship

3% of Candidates who have scored above are eligible for the scholarship amount of 80%, and 6% will get 40% also, 12% of students will get 25%. 

• Academic Scholarship 

Applicants who have scored above 70% in NEET CAT, XAT, or MAT are eligible for a scholarship amount.

• Sports Scholarships, Cultural scholarships, and Social service Scholarships are also provided by the institute.

8. BITS School of Management (BITSOM) Mumbai: It is a young Management institute that was established in 2021. BITSOM is popular for its flagship MBA program. The course has 5 specializations. It is also affiliated with All India Council for Technical Education (AICTE) and UGC. The institute also got a ranking of 25th by NIRF for best b-schools. The institute offers various BBA, MBA, and other Management Courses at UG and PG Levels. The average fee for the courses is around 5 to 18 Lakhs. This year"s highest package is 50 LPA, and the average package is 23 LPA. 

• Merit-based Scholarship

Candidates who have scored above 60% are eligible for the scholarship amount.

• Academic Scholarship 

Applicants who have scored above 70% in NEET CAT, XAT, or MAT are eligible for a scholarship amount.

• Sports Scholarships, Cultural scholarships, and Social service Scholarships are also provided by the institute.

9. TATA Institute of Social Sciences (TISS) Mumbai: TISS is a very popular and oldest university which was established in 1936 by Sir, Dorabji Tata, and the institute was renamed in 1964. NIRF has ranked it 98th as the best business institute. The NBA and NAAC also approve it. The institute provides more than 50 UG and PG courses in Management and Technical studies, with 5 specializations in MBA programs. This year the highest package recorded is 49 LPA, with an average package of 27 LPA. This year the Placement package has increased by 16.42% also 6 new recruiters visited the institute for campus placement. The institute offers various financial aid and scholarships up to Rs.1,00,000 to meritorious students such as

• Taksheel Foundation Meritorious Scholarship
• Cognizant Foundation Meritorious Fellowship 
• Tata Trust scholarships
• Indiabulls scholarships
• David Bandi scholarship

10. NL Dalmia College Mumbai: NL Dalmia was established in 1995. The institute ranked 23rd by The Times 2023 and 78th by Business Today. The institute offers integrated BBA+MBA programs at the UG level and provides an MBA in 8 specializations. The institute is approved by AMBA, AACSB, AIMA, BMA, IMCA, and CII and is also accredited by NAAC A. The average fee for the course is 14 LPA. The institute also provides scholarships based on exams or state or central government scholarships. The institute offers PG scholarships to complete their education in higher studies.

• Merit-based Scholarship

Candidates who have scored above 80% are eligible for the scholarship amount.

 Conclusion

There are various private and autonomous MBA Colleges in Mumbai that offer a good placement package, such as JBMIS Mumbai, Institute, NMIMS, TATA Institute of Social Studies, ICFI Business School, NL Dalmia College Mumbai, etc. which provide top-class education and a high salary package, but these colleges are a little bit expensive but don"t worry most colleges provide scholarships But the choice of the colleges was completely based on the candidate"s preferences in which he or she wanted to take admission.

Also Check:- Top MBA college in Pune 

Top 10 MBA Colleges in Pune Rank-wise 2024

Top 10 MBA Colleges in Pune Placement-wise 2024

How to get a Scholarship for an MBA?

Ans. Join the Career Mantra’s MBA Conclave 2K24 for a golden opportunity to connect with representatives from top-tier business schools and secure your spot immediately. You could even win a scholarship worth up to 2 crores, available nationwide. Leading banks will be on hand to streamline the education loan process. Don"t miss out on this January"s event – your gateway to a successful MBA journey!

FAQs

1. What is the scholarship amount offered at NL Dalmia College Mumbai?

Ans. 30% amount of the tuition fee will be given.

2. How do you get admission to MBA Colleges?

Ans. To gain admission to desired MBA colleges, candidates need to clear national-level entrance exams such as CAT, XAT, MAT, and ATMA and also need to participate in counselling.

3. Is RBS Institute AICTE approved?

Ans. Yes, RBS Institute is approved by AICTE and NBA.

 4. Which year was NL Dalmia College established?

Ans. NL Dalmia College was established in 1995 in Mumbai.