Mumbai University Online MBA: Fees & Eligibility
Mumbai University has established the eligibility criteria for its two-year online Master of Business Administration (MBA) program, structured into four semesters. The annual fee for this program is INR 55,000, a cost consistent across the university’s various offerings. While the university directly manages its fee structure, prospective students can explore financial aid through initiatives like WeMakeScholars, which is supported by the Government of India and partnered with over 10 public and private banks and NBFCs, offering options for educational loans, scholarships, EMI, and other payment solutions.
What an MBA at Mumbai University Costs
Mumbai University offers an MBA program with an annual fee of 55,000 INR. This section details the fee structures for various government and private colleges offering MBA and PGDM programs in Mumbai, helping you understand the financial commitment for your postgraduate management studies.
| College | Annual Fees (INR) |
|---|---|
| SJMSOM, IIT Bombay | 4,91,000 |
| NITIE, Mumbai | 7,03,000 |
| Mumbai University | 55,000 |
| SNDT Women’s University | 1,00,905 |
| Hansraj Jivandas College of Education | 6,600 |
This table shows the annual fees for top government colleges offering MBA programs in Mumbai, with Hansraj Jivandas College of Education having the lowest fee.
| MBA College | Fees (INR in Lakh) |
|---|---|
| Valia School of Management | 8.5 |
| Tata Institute of Social Sciences (TISS) | 0.96 |
| Garware Institute of Career Education and Development | 1.0 |
| Anjuman-I-Islam’s Allana Institute of Management Studies | 1.20 |
| Sydenham Institute of Management Studies | 1.36 |
| Jankidevi Bajaj Institute of Management Studies | 1.70 |
| A.C. Patil College of Engineering | 1.82 |
| Maratha Mandir Babasaheb Gawde Institute of Management Sciences | 2.0 |
| H.K. Institute of Management Studies and Research | 2.03 |
This table outlines the fee structures for various colleges in Mumbai offering PGDM/MBA programs, with Tata Institute of Social Sciences having one of the lower fees at 0.96 Lakh INR.
MBA Fees, Year by Year
The Mumbai University MBA program is a two-year degree spanning four semesters, with annual fees set at 55,000 INR. However, fees for other top MBA colleges in Mumbai vary significantly, ranging from under 5 lakh INR to over 38 lakh INR.
| Institute Name | Fees (In Rs lakhs) |
|---|---|
| SPJIMR Mumbai: SP Jain Institute of Management & Research | 17.50 |
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies – SBM | 19.76 |
| NITIE Mumbai: National Institute of Industrial Engineering | 12.58 |
| JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies | 6.00 |
| K J Somaiya Institute of Management | 14.93 |
| Prin. L. N. Welingkar Institute of Management Development & Research | 11.00 |
| IMT Nagpur: Institute of Management Technology | 14.00 |
| SP Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney | 38.78 |
| IIT BOMBAY: Shailesh J Mehta School of Management Mumbai | 8.73 |
| SIES College of Management Studies, Navi Mumbai | 9.00 |
| N. L. Dalmia Institute of Management Studies and Research, Mumbai | 8.70 |
| IES Management College And Research Centre, Mumbai | 8.27 |
| IIM Nagpur: Indian Institute of Management | 13.75 |
| ITM Navi Mumbai: ITM Group of Institutions | 9.3 |
| Chetana’s Institute of Management and Research – CIMR Mumbai | 7.85 |
| SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 1.36 |
| BVIMSR Mumbai: Bharati Vidyapeeth`s Institute of Management Studies & Research | 4.9 |
This table illustrates the wide range of fees for MBA programs across various institutes in Mumbai, with some colleges offering the degree for less than 5 lakh INR.
What Your Fees Don’t Cover
SODE Counselling Services LLP does not directly handle all financial aspects related to your university application. You should understand which fees are not part of their services, particularly regarding the Mumbai University online MBA fees, to manage your application process effectively.
- Counselling or guidance fees for university applications: Not charged to students
- University fees: Not collected directly by SODE Counselling Services LLP
Scholarships, EMI, and Other Payment Options
You can find various scholarships and financial aid options to help with your education, including support from government initiatives like WeMakeScholars, which the Government of India supports. Mumbai University offered 218 scholarships for the 2026-27 academic year.
| Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
|---|---|---|---|
| IIMA Special Need-Based Scholarship (SNBS) | Institute – need-based | Gross annual family income below Rs. 15,00,000; open to PGP & PGP-FABM students | Amount assessed case-by-case (family assets, dependents, loan taken, etc.) |
| SC/ST Scholarship | Institute – category-based | All SC/ST postgraduate students | Rs. 150/month for 10 months |
| Exit Scholarship – Entrepreneurship | Institute – exit scheme | 2 students/batch, opting out of placement with a business plan; up to 3 consecutive years | Rs. 30,000/month stipend |
| Exit Scholarship – Not-for-Profit careers | Institute – exit scheme | 2 students/batch joining NGOs; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
| Exit Scholarship – Doctoral Studies | Institute – exit scheme | 2 students/batch pursuing PhD in India/abroad; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
| SC/ST Central Sector Scheme (Top Class Education) | Government of India | Meritorious SC/ST students; family income ≤ Rs. 4,50,000 | – |
| Minority Welfare Scholarship (Merit-cum-Means) | Government of India | Minority-community students; family income ≤ Rs. 2,50,000 | – |
| Scholarship for Students with Disabilities (Top Class Education) | Government of India | DA/PwD students; family income ≤ Rs. 6,00,000 | – |
| PGP Alumni Endowment Funds | Alumni | 9 PGP-I & PGP/FABM-II students/year from economically/socially challenged backgrounds; screened via SNBS | Rs. 2-3 lakh/student |
| Class of PGP 2001 – Peri Viswanath Scholarship | Alumni | 1 student; merit-cum-means (1st-year performance + family income ≤ Rs. 15,00,000) | Rs. 2 lakh/year (Rs. 4 lakh over 2 years) |
| Shri G.C. Mital Entrepreneurship Aid | Alumni | 1 graduating student starting own venture; education loan ≥ Rs. 1,00,000; family income ≤ Rs. 8,00,000 | Rs. 2 lakh (one-time, at convocation) |
| Smt. J. Nagamma Memorial Award | Alumni – merit | 1 PGP-I student, academic merit | Rs. 15,000 |
| Aditya Birla Group Scholarship | Industry/Corporate | 3 meritorious PGP-I & PGP-II students; selection by Aditya Birla Group | Rs. 1,75,000/student/year |
| Dunia Scholarships for Scholastic Excellence | Industry/Corporate | 2 scholarships each to PGP-I and PGP-II; merit-based | Rs. 1,00,000/scholarship |
| OP Jindal Engineering & Management Scholarship (OPJEMS) | Industry/Corporate | 1-2 PGP-II students; academic performance + online test + interview | Rs. 1,50,000/student/year |
| T. Thomas Scholarship (HUL) | Industry/Corporate | 1 PGP-II student; merit-cum-means | Rs. 1,00,000/year |
This table details the various scholarships and financial aid options available at IIM Ahmedabad, including institute-specific, government, alumni, and corporate-sponsored schemes, with varying eligibility criteria and benefits.
How Mumbai University MBA Fees Compare with Other Universities
Comparing the Mumbai University online MBA fees reveals significant differences between institutions. NMIMS Online MBA offers a total program fee as low as INR 1,96,000 for a lump sum payment, while Symbiosis Online MBA’s total fees are considerably higher, starting at INR 3,70,000.
| Particulars | NMIMS Online MBA | Symbiosis Online MBA |
|---|---|---|
| Accreditations | NAAC A++ | NAAC A++ |
| Recognitions | UGC | UGC & AICTE |
| Duration/Semesters | 2 Years / 4 Semesters | 2 Years / 4 Semesters |
| Mode of Learning | Online | Online |
| Pedagogy | Live + Recorded Lectures | Live + Recorded Lectures |
| Online MBA Fees | INR 2,10,000 – INR 2,20,000 | INR 3,70,000 |
| Eligibility Criteria | Graduation with 50% marks | Graduation with 50% marks |
| Career Support | Limited | Limited |
This table highlights that while both universities offer similar program structures and accreditations, the total program cost for the Symbiosis Online MBA is nearly double that of NMIMS.
Frequently Asked Questions
What are the payment methods for Mumbai University Online MBA fees?
Mumbai University Online MBA fees, approximately ₹70,000 for the full course, are paid online via the official payment gateway after admission confirmation. An application fee of ₹350-₹1,050 is also paid online.
Can I pay my Mumbai University Online MBA fees in installments?
Yes, Mumbai University Online MBA programs typically offer EMI payment options. For example, the DY Patil Online MBA allows fees to be paid in monthly installments, providing flexibility for students.
How do regular and online MBA program fees at Mumbai University compare?
Mumbai University’s regular MBA fees can range from ₹50,000 to ₹2,00,000. In contrast, online MBA programs generally range from ₹60,000 to ₹3,00,000, offering a slightly different cost structure.
What is the deadline for paying Mumbai University Online MBA application fees?
The last date to pay Mumbai University Online MBA application fees is July 31, 2026, for the July 2026 session. Ensure you complete your payment before this deadline to secure your application.
Are there scholarships available to help reduce Online MBA fees at Mumbai University?
Yes, Mumbai University offers scholarships for MBA students based on merit and financial need. These scholarships can significantly reduce your total fee, with 218 scholarships available for the 2026-27 academic year.
