Dr. Ambedkar College of Commerce & Economics was established in June 1972 in Wadala, Mumbai. The college was founded under the aegis of the People’s Education Society and is permanently affiliated with the University of Mumbai. Additionally, it has also been reaccredited by NAAC with a B+ grade. Dr. Ambedkar College Mumbai offers B.Com at the UG level and M.Com in Advanced Accountancy and Banking and Finance at the PG level along with Ph.D. in commerce at the doctorate level. Admission to UG courses is done on the basis of merit while admission to PG courses is based on entrance exam scores.

Dr. Ambedkar College of Commerce & Economics offers B.Com in General as well as B.com in Banking and Insurance. The course fee for B.Com is INR 3,785 for the first year. The top recruiters at this college are Motilal & Oswal, SBICAP Securities, ICICI Bank, Exide Life Insurance, HDFC Securities, ICICI Prudential, and many more. The average package at the college generally ranges from INR 1.5 L - INR 2 Lakhs per annum.

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Dr. Ambedkar College Mumbai central and state government scholarships to needy and deserving students. The scholarships offered are namely Government of India Post Matric S. S. C Scholarship to B. C. Scheduled Castes, Scheduled Tribes, Children of Widows of Soldiers, etc. Apart from this freeship and merit scholarships are also given to Economically Backward Students, Primary School Teacher’s Sons and Daughters, Students Eligible for War Educational Concession, Secondary School Teacher’s Sons & Daughters, etc. The campus is well equipped with facilities such as library, ICT rooms & assembly hall, Gymkhana, Computer lab, canteen, Sports facilities, NSS and NCC activities, etc. The college campus is located 7.9 km away from Mumbai Central Station and 2.70km from MTN/Mumbai Matunga railway station.