The Lala Lajpat Rai Institute of Management offers the MMS - Master of Management Studies (Two years full time) course which is approved by the AICTE (All India Council for Technical Education) New Delhi. The Institute is affiliated to the University of Mumbai and recognised by Government of Maharashtra.

The Institute seeks to develop professionals of competence and value and puts its synergistic efforts through its faculty in achieving the same.

The Lala Lajpat Rai College of Commerce & Economics is one of the leading Educational Institutions in the metropolis.

Ever since its inception in June 1972, the college has been growing through its various phases in different spheres of co-curricular and extra-curricular activities. It has thus carved a niche for itself, gaining prominence among the colleges affiliated to the University of Mumbai and also other educational institutes in India.