Top M.Sc Colleges in Mumbai: Fees vs Salary Comparison

ARTICLE

Alen Tom Shaji

2026-08-24T09:51:03.269+05:30

Many students interested in Science/IT choose the best M.Sc courses from Mumbai. The chances of getting a job with a decent salary package are higher in the financial capital of India, Mumbai.

Overview

It is recommended that you choose the best MSC colleges in Mumbai with a higher return on investment (ROI). The best ROI means the college offers a placement salary package higher than the fee paid to complete the course. Read the blog to learn more about the top M.Sc colleges in Mumbai, fee vs. salary analysis, placements, and top recruiters.

What is the M.Sc Fee in Mumbai?

The M.Sc fee in Mumbai varies significantly across public and private institutions, reflecting differences in infrastructure, faculty, and placement outcomes. At leading government‑aided colleges like University of Mumbai, ICT, and TISS, annual tuition usually ranges between Rs. 30,000 to Rs. 70,000, offering excellent value given average placement packages of Rs. 7 LPA to Rs. 8 LPA.

In contrast, private universities such as Amity and NMIMS charge higher fees, typically between Rs. 1.5 to Rs. 3.5 LPA per year, while delivering competitive average salaries of Rs. 6 LPA to Rs. 9 LPA. Understanding the M.Sc fee vs salary dynamic is essential for making an informed decision about postgraduate studies in Mumbai.

Top M.Sc Colleges Fees in Mumbai

Check out the table below to analyse the M.Sc course fee in Mumbai vs the average salary package.

College	Annual Course Fee	Average Package (LPA)
University of Mumbai	30,000‑35,000	7 LPA
Institute of Chemical Technology (ICT)	61,875	7.5 LPA
Tata Institute of Social Sciences (TISS)	47,600	8 LPA
Amity University, Mumbai	166,000	3.5 LPA
MCC Mulund (M.C. College)	81,140	4.5 LPA
Maharashtra Mahavidyalaya (MM Mumbai)	34,585	12 LPA
Ramnarain Ruia College	80,000‑108,000	5 LPA
International Institute of Sports Management	420,500	5.75 LPA
Siddharth / SIES / St. Xavier’s equivalents	60,000‑75,000	5–6 LPA

Average Salary Offered After M.Sc in Mumbai

The average salary offered after an M.Sc in Mumbai ranges from Rs. 4 LPA to Rs. 8 LPA, depending on the specialisation and the college. Graduates from top institutions like ICT, TISS, and the University of Mumbai often receive competitive packages, especially in fields like Data Science, Biotechnology, and Finance.

With Mumbai being a hub for research, corporate, and healthcare industries, M.Sc graduates enjoy strong placement opportunities across sectors. Many students secure roles in analytics, pharma, education, and IT. If you're planning to pursue a master's degree, understanding the M.Sc. salary in Mumbai helps evaluate career ROI and future growth prospects.

M.Sc Specialisations in Mumbai: Highest and Average Package

The average and highest salary packages offered for M.Sc graduates in various specialisations are mentioned in the table below.

M.Sc Specialisation	Average Package (LPA)	Highest Package (LPA)
M.Sc in Data Science / Analytics	Rs. 6–8 LPA	Rs. 15–18 LPA
M.Sc in Biotechnology	Rs. 4.5–6 LPA	Rs. 10–12 LPA
M.Sc in Computer Science / IT	Rs. 5–7 LPA	Rs. 12–15 LPA
M.Sc in Finance / Quant	Rs. 6–8 LPA	Rs. 14–16 LPA
M.Sc in Chemistry	Rs. 3.5–5 LPA	Rs. 8–10 LPA
M.Sc in Physics	Rs. 3–4.5 LPA	Rs. 7–8 LPA
M.Sc in Environmental Science	Rs. 3–4.5 LPA	Rs. 6–7 LPA
M.Sc in Microbiology	Rs. 3–4.5 LPA	Rs. 6–8 LPA
M.Sc in Applied Psychology	Rs. 4–5.5 LPA	Rs. 9–10 LPA
M.Sc in Statistics / Mathematics	Rs. 5–6.5 LPA	Rs. 10–12 LPA

M.Sc Placements in Mumbai: Top Recruiters

Every year, the placement and training cell of the top M.Sc colleges in Mumbai attends the campus recruitment and chooses the skilled candidates from the batch. The colleges' tie-ups with the alumni network and recruiters help them place the M.Sc graduates in top organisations. The top companies where the M.Sc graduates from Mumbai work are mentioned in the table below.

Google	ISRO	Reliance
Apple	AIIMS	Adani
Amazon	HCL Tech	DRDO
TATA	Wipro	EY

Frequently Asked Questions

What is the M.Sc course fee in Mumbai?

The average M.Sc fee in Mumbai is around Rs. 15,000 to Rs. 2 lakhs. The course fee at private colleges is higher than that at government institutions.

Which M.Sc. course in Mumbai is best for the future?

Some of the best M.Sc specialisations that can be chosen in the upcoming years include Data Science, Artificial Intelligence, Cybersecurity, Biotechnology, and Environmental Science. These M.Sc courses offer diverse job opportunities in IT, healthcare, research and sustainability.

What is the highest salary package offered for M.Sc in Mumbai?

According to the IIT Bombay placement reports, the highest salary package offered in the previous year was around ₹1 CPA.