Top 10 MBA Colleges in Mumbai with Low Fees: Mumbai, the financial capital of India, is also a major hub for education, attracting students from across the country who seek quality MBA programs at affordable fees. There are very few Top MBA colleges in Mumbai with low fees; one of them is Valia School of Management (VSM) which is located at Andheri. The location is one of the prominent areas of Mumbai, home to several reputed management institutes. The college is very well connected to the Mumbai Metro and Mumbai Local Western Railway.