Best MBA in Business Management College in Mumbai, Maharashtra


To develop entrepreneurial leaders, using global andragogy and integrated industry connect, which is sensitive to ethics, CSR and environmental concerns.

All the MBA programs at Universal AI, one of the best MBA in business management colleges in Mumbai, are accepted by AACSB (USA) for Accreditation.

Students become future ready in the VUCA world and are able to:

  • Develop confidence to face any challenges
  • Become adaptable and agile
  • Use the right analytical tools
  • Facilitate quick decision making
  • Ask the right questions in a live environment
  • Come up with innovative solutions to business problems
  • Develop a personal value proposition which will directly impact and add value to future employers
  • Develop their skills and competencies through experience-based learning
  • Learn about business operations at different scales – from multinational companies to small and medium enterprises
  • Explore new approaches to critical thinking and independent analysis

Program Highlights

  • Prepares You For A Career At Top Indian Companies & MNC’s During the program you will meet and interact with 250+ CEOs and Industry Leaders.
  • Top Management Exposure, Leadership And Decision Making Students get an opportunity to work for a Private Limited Company. They develop leadership, decision making skills and manage revenue bearing divisions. 
  • Experiential Learning Andragogy Each course is embedded with live decision making, simulations and experiments, case blazer (50 hours non-stop dynamic case study competitions), global immersion programs, student boardrooms, Industry CEO workshops, student mentoring by Industry.
  • 4 In Depth Industry Engagements  – 1 Summer Internship, 2 CMAPS
    (Collaborative Multidisciplinary Approach towards Problem Solving), 1 Industry Consulting Project

AICTE Approved MBA - Business Management

Universal AI University is one of the best MBA in business management colleges in Mumbai, offering MBA in business management which is a perfect blend with Global standards quality and action-based learning through Experiential courses, giving students an internationally recognised qualification; Ideal for Freshers who aspire for a Dual Specialization. 


Each Elective is available for minimum 20 students.

The final courses which will be delivered will be approved by the BoS.

Eligibility Criteria

Criteria Weightage
Academics (10th, 12th & Grad) 20%
Entrance Exam (CAT/GMAT/CMAT/CET) 20%
Extra Curricular Actitives 20%
Communication Skills/Leadership 25%
Work Experience/Leadership 15%
TOTAL 100%

Admissions Process

The entire admissions process is Online. A candidate has to follow the simple 6 steps mentioned below.

STEP 1: Application Process

Fill the Online Application Form. The application fee is INR 1500 / USD 21 / GBP 15 / EUR 18.

STEP 2: Attach required documents

  • Academic Mark Sheets (10th,12th, Graduation, if available)
  • CAT/GMAT/C-MAT/CET Scorecard
    (Any document not available at the time of application, can be emailed later at [email protected]

STEP 3: Board Room Interview (BRI)

A topic is given to a candidate to speak for a few minutes in a boardroom style setup with between 10-30 candidates. Strong communications is the key to crack this step. 

STEP 4: Personal Interview (PI)

A candidate is tested for attitude, motivation, communication & academic curiosity. The candidate’s past record, academic as well as co-curricular & extra-curricular, forms the main basis of the PI discussion. All PI’s will happen online via Zoom.

STEP 5: Selected Candidates will get a Provisional Offer Letter (Unconditional or Conditional)

STEP 6: Confirm your Admission, if conditions met

Student Help Desk

For any queries pertaining to your admission, write to us at [email protected]

Fees (Tuition, Boarding & Lodging)

Our extensive academic programs are designed to equip you with the essential knowledge, skills and tools you need to become employable and entrepreneurial global citizens.

AICTE Approved MBAPrograms DurationTuition Fees
MBA Business Mgmt.24 MonthsINR 11.98 Lacs


* International Travel: Cost of travel, visa and stay (with food) is borne by the students.

Boarding & Lodging on Campus

  • Single Room (AC) (Limited rooms available) – INR 2,98,000 / year
  • Dual Sharing Room (AC) – INR 1,88,000 / year
  • Triple Sharing Room (AC) – INR 1,68,000 / year 
  • DOM Sharing Room (Non-AC) – INR 1,30,000 / year

Other Charges:

  • Security Deposit (Refundable) – INR 25,000 / year
  • CSR Activities – INR 5,000 / year 
  • Welcome Kit (Includes University Tie/Scarf, T-shirt) & Student participation fee in festivals – INR 5,000 / year  
  • Alumni Membership Fee – INR 2,500 / year

Accommodation & Meals

All hostel rooms are equipped with ensuite washroom, common Living & Dining Room with kitchenette. Fee includes student accommodation, house keeping, soft furnishing, WiFi, laundry, gym & extensive sports facilities. Single Sharing apartments (4 pax) will have a refrigerator, a microwave oven & dressing tables.
Food : We offer 4 Meals / Day with Veg., Jain & Non-Veg. options cooked in separate kitchens by SODEXO (Worlds largest French MNC in quality food services in 80 countries).

Please also note that due to limited accommodation available on campus, students who complete payment of all fees (Tuition & Infrastructure) in the given time frames will be able to stay on campus. Those who cannot pay on time will have to find accommodation outside the campus.

Fee Refund Policy

AICTE has amended the Fee Refund Rules for the academic current session. A candidate applying to the institute for Fee refund till June 30 of the year of the intake should get the due amount of his/her fee refunded within 7 days from the date of submission of the Application at the college. After this date no Refund request will be entertained.

In the event of a student/Candidate withdrawing before the starting of the course, the waitlisted candidates will have to be given admission against the vacant seat. The entire fee collected from the student, after a deduction of the processing fee of not more than Rs.1000/- (Rupees one thousand only) shall be refunded and returned by the Institution/ University to the student/ candidate withdrawing from the programme.It would not be permissible for institutions and Universities to retain the school/Institution Leaving Certificates In oriqinal.

Should a student leave after joininq the course and if the seat consequently falling vacant has been filled by another candidate by the last date of admission, the Institution must return the fee collected with proportionate deductions of monthly fee and proportionate hostel rent,where applicable!

Scholarships & Loans

As the best MBA in business management colleges in Mumbai, Maharashtra, we believe in supporting our students in every possible manner. Therefore, there are various types of

scholarships which we offer to encourage our students academically.

1.Means Scholarship – Upto INR 2,00,000 

 Applicable to the students who come from families with annual income below INR 6 lacs. It is an application and Interview based process. Final decision on scholarship award is at the sole discretion of IDFC First. 

2.Economic (Early Bird) Scholarship – Upto INR 25,000 

Applications receive prior to 31 December for postgraduate students


3.Special Scholarship – Upto 1,00,000

The special scholarship upto INR 50,000 is available for following categories namely

  1. Children of Armed Forces – INR 25,000
  2. Students with domicile in Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Himachal Pradesh, Ladakh, Jammu & Kashmir, Puducherry, Lakshadweep, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Andaman & Nicobar Island, Goa, Tamil Nadu and Karnataka – INR 50,000
  3. Graduates from IIT – 80% of Tution Fees (1st Three Applicants) 
  4. Siblings Scholarship – INR 50,000
  5. Parent as Teacher Scholarship – INR 50,000
  6. National / International Sports Scholarship – INR 50,000
  7. For anyone who has lost his/her parent due to Covid-19 – INR 50,000

Conditions for Scholarship:

  • Only one Special scholarship is applicable per student. Merit Scholarship cannot be clubbed with special scholarship.
  • All Scholarships will be granted on the basis of Academic performance above 60% in Graduation.
  • If the student does not receive a scholarship award letter from the Admissions Team, then the student is not eligible.
  • The final list of merit scholarships will be declared by June 15 for July Batch.
  • All merit scholarships are at the sole discretion of University. 
  • MBA students can avail a maximum scholarship of INR 50,000 across all categories including Economic Scholarships.

Education Loans

The following banks offer education loans on their own discretion: Central Bank of India | Bank of India | State Bank of India | Bank of Baroda | Union Bank of India | Punjab National Bank | Axis Bank | Gyan Dhan | CREDILA – An HDFC Ltd. | AVANSE Education Loans | West Bengal Student Credit Card Scheme

Loan Support Help Desk:

For any queries pertaining to loans, you can contact Mr. Prakash Tiwari at 9960692713

Please download the Universal AI University’s Scholarship Application Form from here.