Top MBA Colleges in Mumbai: Fees, Admissions 2025, Placements
Mumbai is rightly popularized as India's financial capital. It is a perfect city to pursue an MBA based on its diversity of culture, history, and corporate growth. They have some of the most prestigious management institutes established in India. Students willing to pursue an MBA in Mumbai will benefit in terms of global exposure, high-quality education, and, most importantly, job opportunities after the completion of the MBA program. However, the article below will briefly explore the top MBA colleges in Mumbai based on fee structure, placements, high recognition, admission process, and many more.
Why choose MBA colleges in Mumbai?
Mumbai is listed among the major business hubs in India. They are well-combined with some of the best and top-notch educational institutes that balance global recognition or institutes that focus on entrepreneurship or which have been popularized for their all-around performance.
Several factors must be considered while choosing the right MBA college, such as exploring different and best colleges, fee structure, placement success rate, admission process, accepted entrance exams, and more. The article below acts as a comprehensive guide to understanding MBA education in Mumbai.
Benefits of Choosing MBA Colleges in Mumbai
Easy access to Corporate Hub
Mumbai is the financial capital of India, home to various MNCs, startups, financial institutes, and many more. Getting an MBA degree from Mumbai makes it easy to get good opportunities for internships, industry projects, and job placements.
Can explore different industries
Students have the best option in Mumbai city to check on different types of sectors regarding career options after completing an MBA degree, such as finance, real estate, healthcare, information technology, media and entertainment, manufacturing, etc. Based on their choice of specialization and subject choice, candidates can align their career goals.
Networking Opportunities
Being a corporate hub, Mumbai is the right place for the students to build their networking opportunities. With the help of the top management institutes, students can get to have good networking opportunities during the course curriculum itself. When the institute conducts various events such as seminars, conferences, industry events, and guest lectures that business leaders and professionals lead, it will help the students to meet new and prominent people who can further help them in career placements and always be updated with corporate trends.
Top faculty members
Top MBA colleges in Mumbai are appointed with the best of the teaching faculty members. They will ensure the students are trained with a good understanding of the academic curriculum and also the recent trends of the corporate industry. Most of the faculty members will be qualified from top institutes and have relevant educational as well as work experience to ensure good academic excellence. Learning from such esteemed faculty members ensures that we provide the best in both theoretical and practical learning.
Successful Placement Records
Some of the top management colleges in Mumbai, like SPJIMR, NMIMS, and JBIMS, have shown great placement success rates and salary packages. They provide good training and also conduct campus drives on an annual basis, with some of the top companies visiting the campus to offer job opportunities in various industries. They ensure a steady demand for skilled graduates, which leads to excellent placement opportunities.
Global Exposure
As a popular city in India, Mumbai provides access to an international presence. Many of the management institutes in Mumbai offer their curriculum with a global intention. Thus, they will train the students in global business practices. Students interested in international business studies can opt for such institutes that offer exchange programs and global immersion experiences. This, in turn, gives them opportunities to work on international projects for corporate companies.
Best MBA colleges in Mumbai
Below are some of the well-recognized MBA colleges listed in Mumbai. Most of them are based on NIRF rankings and academic performance. Using this list, students can make an informed decision while choosing a suitable college that meets their needs and aspirations.
MBA Colleges in Mumbai |
NIRF Ranking |
SP Jain [SPJIMR], Mumbai |
20 |
JBIMS Mumbai, Mumbai |
- |
IIM Mumbai - Indian Institute of Management, Mumbai |
7 |
Tata Institute of Social Sciences (TISS) Mumbai |
- |
Shailesh J. Mehta School of Management, [SJMSOM], IIT Mumbai |
10 |
KJ Somaiya Institute of Management, Mumbai |
45 |
Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai |
73 |
SIES School of Business Studies [SIES SBS], Mumbai |
- |
N. L. Dalmia Institute of Management Studies and Research [NLDIMSR], Mumbai |
76 |
Amity University, Mumbai |
102 |
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai |
11 |
National Institute of Management - [NIM], Mumbai |
- |
Whistling Woods International - [WWI], Mumbai |
- |
NMIMS, Mumbai |
- |
SIMSREE Mumbai |
- |
SDA Bocconi Asia Center |
- |
IIM Nagpur |
43 |
DSIMS Mumbai |
- |
Aditya School of Business Management - ASBM Mumbai |
- |
Kohinoor Business School |
- |
Admissions for MBA Colleges in Mumbai
Here are the simple and basic steps required to be followed by the applicants for MBA admissions in Mumbai. To get a seat at MBA College in Mumbai, the admission process includes certain components that will be similar in most cases.
- The basic eligibility criteria for MBA admissions is that applicants must have completed their board exams and graduation degree in any discipline with a minimum of 50% marks and no backlogs.
- Later, the selections will be based on valid scores in national-level entrance exams like CAT/MAT/XAT/NMAT/MAHCET, etc. The results will be followed by counselling rounds to make the final decision.
- Even students in the final year of their degree can qualify for MBA admissions.
- Selections will comprise academic scores and entrance exam scores. Students will be shortlisted for further processing. If applicable, work experience will also be considered.
- Most of the selection processes will involve steps like GD and PI rounds needed for the final decision.
- In universities like JIBMS, SIMSREE, or other B-schools affiliated with the university, the admissions will be for the DTE CAP round.
- Once the final decision is made, students can pay the admission fees and continue their MBA journey.
Best MBA colleges with good placements in Mumbai:
The majority of the recognized and top MBA institutes in Mumbai also offer good placement opportunities by the end of the program. Some of the institutes have shown salary packages ranging between 7 and 33 lakhs per annum. The table below lists colleges that offer placements with decent salary packages for MBA/PGDM graduates from well-known management institutes in Mumbai.
Best MBA College with Placements in Mumbai |
Average salary through placement |
IBS Mumbai: ICFAI Business School |
7.14 LPA |
ATLAS SkillTech University Mumbai |
7.8 LPA |
N. L. Dalmia Institute of Management Studies and Research, (NLDIMSR) Mumbai |
8.51 LPA |
SIES Navi Mumbai |
9.11 LPA |
IMT Nagpur |
10.6 LPA |
Prin L N Welingkar Institute of Management Development and Research |
12.25 LPA |
SIMSREE Mumbai |
15.9 LPA |
IIM Nagpur |
16.74 LPA |
BITS School of Management – BITSOM, Mumbai |
23.85 LPA |
NMIMS, Mumbai |
26.63 LPA |
Tata Institute of Social Sciences (TISS) Mumbai |
27.22 LPA |
SJMSoM-IIT Bombay |
28.88 LPA |
IIM Mumbai (NITIE) |
29.06 LPA |
SPJIMR, Mumbai |
33.02 LPA |
Fee structure of MBA colleges in Mumbai:
The fee structure for MBA colleges in Mumbai is available in a wide range for everyone, depending on their budget. Most of the top colleges might seem pricey, but some of them will also provide scholarship provisions to a certain extent. On the other hand, applicants can also take educational loans to pursue MBAs at the best college if required. As per the given statistics, the MBA fee structure in Mumbai ranges from 5 to 15 lakhs for the entire program. The table lists the B-schools under different fee categories.
Mumbai MBA/ PGDM College Fees ranging from less than 5 to 10 lakhs:
List of MBA colleges |
MBA fees |
SIMSREE Mumbai |
2.35 LPA |
TISS Mumbai |
1.89 LPA |
JBIMS Mumbai |
6 LPA |
DSGS Mumbai |
7.25 LPA |
Aditya School of Business Management - ASBM Mumbai |
7.8 LPA |
Vivekanand Business School (VBS) |
8 LPA |
SIES Navi Mumbai |
9 LPA |
IES Management College And Research Centre |
9.12 LPA |
MET Mumbai |
9.9 LPA |
Mumbai MBA/ PGDM College Fees ranging between 10 to 15 lakhs:
List of MBA colleges |
MBA fees |
SJMSoM-IIT Bombay |
14.08 LPA |
Prin L N Welingkar Institute of Management Development and Research |
14 LPA |
ATLAS SkillTech University Mumbai |
10.45 LPA |
ITM Navi Mumbai |
10.45 LPA |
Mumbai MBA/ MMS College Fees ranging above 15+ lakhs:
List of MBA colleges |
MBA fees |
BITSOM Mumbai |
23.9 LPA |
NMIMS, Mumbai |
23.5 LPA |
K J Somaiya Institute of Management, Mumbai |
20.87 LPA |
SPJIMR, Mumbai |
21 LPA |
SDA Bocconi Asia Center |
19.4 LPA |
Entrance exams accepted by MBA colleges in Mumbai:
To get MBA admission in top colleges in Mumbai, the students must have appeared for any of the national-level entrance exams like CAT/MAT/XAT/NMAT and the state entrance exam called MAHCET.
MBA Colleges in Mumbai |
Accepted entrance exam |
Aditya School of Business Management - ASBM Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT/ NMAT |
DSIMS Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
IES Management College And Research Centre, Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
Vivekanand Business School (VBS) |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
ATLAS SkillTech University Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT/ NMAT |
Kohinoor Business School, Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
JBIMS Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
SIMSREE Mumbai |
MAHCET/ CMAT/ CAT |
K J Somaiya Institute of Management, Mumbai |
XAT/ CAT/ CMAT/ NMAT |
IMT Nagpur |
CAT/ CMAT/ XAT |
SIES Navi Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT |
ITM Navi Mumbai |
CAT/ XAT/ MAT/ MAHCET/ CMAT/ NMAT |
N. L. Dalmia Institute of Management Studies and Research, (NLDIMSR) Mumbai |
CAT/ XAT/ MAT/ CMAT |
NMIMS Mumbai |
NMAT |
In conclusion, pursuing a PG MBA course in Mumbai will offer a good academic balance of academic curriculum, industry updates, and also placement opportunities by the end of the program. Students must make a proper decision after evaluating all the factors of top-tier management institutes and then send in their applications. MBA is a popular program opted by many graduates looking for better career opportunities, a change of stream, and also those looking for entrepreneurship plans. Therefore, it's important to choose the right type of institute and subject specialization.
Read LessList of Top 82 MBA Colleges in Mumbai
Frequently Asked Questions (FAQs):
Is it worth doing an MBA from Mumbai?
Yes, it is definitely going to be worth it to obtain an MBA degree from one of the Top Colleges in Mumbai. Being a business hub, many internship and job opportunities might be grabbed in Mumbai. Some of the best MBA colleges are housed in this city, ensuring quality education and good industry linkage, making campus life lively. Studying at this place would give a competitive edge in a candidate's career. Also, candidates can expect the best ROI from top-recognized colleges in Mumbai since the placement record of these colleges is exceptional. Check out the Top MBA Colleges in Mumbai with the best ROI:
College Name |
Fees (Per annum) |
Average Package |
Shailesh J. Mehta School of Management, IIT Bombay |
INR 7.18 Lakhs |
INR 21 Lakhs |
S.P. Jain Institute of Management and Research, Mumbai |
INR 12 Lakhs |
INR 19 Lakhs |
NMIMS Mumbai |
INR 11 Lakhs |
INR 15 Lakhs |
Which are the Top 5 MBA Colleges in Mumbai?
Some of the first-class MBA colleges with a high reputation for quality education are in Mumbai. Besides, they are given an extra edge through robust syllabi, industry linkages, and exceptional placement records. A list of the top MBA colleges in Mumbai with fees is tabulated below.
College Name |
Fees (Per annum) |
Shailesh J. Mehta School of Management, IIT Bombay |
INR 7.18 Lakhs |
Welingkar Mumbai (WeSchool) |
INR 7 Lakhs |
S.P. Jain Institute of Management and Research, Mumbai |
INR 12 Lakhs |
NMIMS Mumbai |
INR 11 Lakhs |
IIM Mumbai |
INR 10 Lakhs |
Which is the top-ranked MBA College in Mumbai as per NIRF 2024?
One should know the NIRF Rankings from the year 2022 to 2024 to find out which is the no 1 MBA College in Mumbai. Therefore You can analyze the academic performance of the college year-wise. You can check the ranking that holds over the past three years. Therefore, it would be helpful for you to find out which college in Mumbai is best for an MBA.
College Name |
NIRF 2024 |
NIRF 2023 |
NIRF 2022 |
Shailesh J. Mehta School of Management |
10 |
10 |
11 |
S.P. Jain Institute of Management and Research, Mumbai |
20 |
20 |
21 |
NMIMS, Mumbai |
21 |
21 |
25 |
By looking at the above table, we can clearly understand Shailesh J. Mehta School of Management, IIT Bombay, stands out among all the colleges due to their highest rankings in NIRF Categories.
Which are the Top MBA Colleges in Mumbai with low fees?
Mumbai has an inadequate number of top mba colleges that offer education at affordable prices. In these colleges, pupils can pursue education without any financial crisis. Here, we have tabulated the Best MBA Colleges in Mumbai with low fees, tabulated below:
College Name |
Fees (total) |
ISMS Mumbai |
INR 44,900 |
Mumbai University |
INR 50,000 |
IIBMS Mumbai |
INR 42,800 |
List of Government MBA Colleges in Mumbai with fee structure
Several good government MBA colleges offer a decent education at low fees. Check out the Top Government MBA Colleges in Mumbai, along with fees tabulated below. It enables you to make a wiser decision.
College Name |
Fees (per annum) |
IIM Mumbai |
INR 10 Lakhs |
Shailesh J. Mehta School of Management, IIT Bombay |
INR 7.18 Lakhs |
SIMSREE Mumbai - Sydenham Institute of Management Studies |
INR 67,000 |
SNDT Womens University |
INR 1 Lakh |
Jamnalal Bajaj Institute of Management Studies, Mumbai |
INR 3 Lakhs |
Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai |
INR 1 Lakh |
Is S P Jain good for MBA?
No doubt, S P Jain or SPJIMR Mumbai is a exceptional choice for candidates who are looking for a high-quality MBA program. It is one of the Top MBA College in Mumbai. It offers a globally recognized PGDM, which is equal to MBA. S P Jain NIRF Ranking 2024 is 20. It is evidence that it offers quality education and is highly recognized in all the parameters related to academics. In terms of placement, it is excellent. The highest and average package registered in SPJIMR PGDM Placements 2024 was INR 81 LPA and INR 33 LPA, respectively. Further, the placement rate was 100%.
Top Private MBA Colleges in Mumbai with fees
There are several of the Best Private MBA Colleges in Mumbai. They are known for top-notch education, placement records and industry ties. The institutes offer a wide range of courses, and the syllabus is robust. All these colleges have provided internship opportunities, networking, and placement opportunities with top companies. Check out the list of top 10 private MBA colleges in Mumbai along with fees:
College Name |
Fees (Per annum) |
S.P. Jain Institute of Management and Research, Mumbai |
INR 12 Lakhs |
Wekingkar Mumbai -WeSchool |
INR 7 Lakhs |
KJ Somaiya Institute of Management Mumbai |
INR 6 to 10 Lakhs |
NMIMS Mumbai |
INR 11 Lakhs |
SIES College of Management Studies |
INR 7 Lakhs |
ITM Business School, Navi Mumbai |
INR 5.5 Lakhs |
Amity University Mumbai |
INR 3 Lakhs |
Chetana's Institute of Management and Research |
INR 3.8 Lakhs |
Vikekananad Business School |
INR 4.5 Lakhs |
Xavier Institute of Management and Research Mumbai |
INR 70,000 |
Top MBA colleges in Mumbai with Placement
In Mumbai, a good number of colleges offering MBA courses are famous for their amazing placement records. They have top-notch industries in collaboration to offer placements and internships. The placement record is one of the important keys that might help in choosing the right MBA College. Because getting placed in top companies with the best package decides your career. Here is a list of the top MBA colleges in Mumbai with the best placement rates.
College Name |
Average Package |
Highest Package |
Shailesh J. Mehta School of Management, IIT Bombay, |
INR 28 LPA |
INR 54 LPA |
S.P. Jain Institute of Management and Research, Mumbai |
INR 33 LPA |
INR 67 LPA |
NMIMS Mumbai |
INR 26 LPA |
INR 67 LPA |
IIM Mumbai |
INR 27 LPA |
INR 78 LPA |
Wekingkar Mumbai -WeSchool |
INR 12 LPA |
INR 22 LPA |
KJ Somaiya Institute of Management Mumbai |
INR 13 LPA |
INR 25 LPA |
Which private MBA college has the best placement?
Several MBA colleges in Mumbai provide lucrative placement offers with high ROI. It is one of the prime cities in India that contains a number of top-of-the-line MNCs. Every year, lots of such companies participate in the placement drive of the Best MBA colleges in Mumbai and end up hiring some of its graduates. NMIMS Mumbai is a private MBA college in India that belongs to the top league. The highest salary package, good student exchange program, and tie-ups with more than 750 recruitment companies have kept NMIMS on top.
Which are the Top MBA Colleges in Mumbai without Entrance Exam?
Most private colleges in Mumbai offer direct admission to MBA programs. An applicant can gain entry into such institutions if having a low score on the entrance exam. The colleges will shortlist on the basis of previous academic marks. That means colleges will prefer the bachelor's degree marks rather than entrance test scores. Check out the list of MBA Colleges without entrance exam in Mumbai.
- Sinhgad Institute of Business Management
- Babasaheb Gawde Institute of Management Studies
- Indira Institute of Business Management
- Mumbai Institute of Management & Research
- Don Bosco Institute of Management and Research
- Lala Lajpatrai Institute of Management
- YMT College of Management
- Chetana's Ramprasad Khandelwal Institute of Management & Research (CRKIMR)
- Regenesys Business School
Top MBA colleges in Mumbai with cutoff
In Mumbai, the colleges accept different entrance exam scores to shortlist candidates. The admission criteria and cutoff vary based on the entrance exam. The common entrance exam scores accepted by the MBA Colleges in Mumbai are MAH MBA CET, CAT, CMAT, MAT, etc. Listed ones are some of the Best MBA colleges in Mumbai with their cutoff scores.
College Name |
Accepted Entrance Exam |
Cut off (percentile) |
Shailesh J. Mehta School of Management, IIT Bombay, |
CAT |
90 |
Welingkar Mumbai (WeSchool)
|
CAT |
70-80 |
MAH CET |
99.6 |
|
CMAT |
80 |
|
XAT |
70-80 |
|
ATMA |
70-80 |
|
S.P. Jain Institute of Management and Research, Mumbai |
CAT |
85 |
NMIMS Mumbai |
NMAT |
96 |
IIM Mumbai |
CAT |
97 |
Which are the Top MAH CET accepting MBA Colleges in Mumbai?
MAH CET is a state-level entrance exam in Maharashtra. Thus, many of the prime colleges in Mumbai consider CET scores for MBA admission. These include both private and government colleges. It is also important to satisfy the MAH CET cutoff. Check out the list of MBA Colleges in Mumbai with CET cutoff.
College Name |
MAH CET Cutoff |
Jamnalal Bajaj Institute of Management Studies, Mumbai |
99.9 |
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai |
99.77 |
Xavier Institute of Management & Research, Mumbai |
98.57 |
Wekingkar Mumbai -WeSchool |
99.6 |
MET Institute of Management, Mumbai |
96.39 |
Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai |
94 |
What are the average fees for an MBA in Mumbai?
On an average basis, the fees for MBAs in Mumbai colleges might range from INR 5 to INR 10 LPA. Also, fees depend on the college and MBA specializations. The fees for government MBA colleges are lower compared to private ones. Before choosing the college, know the fee structure that fits your budget.
Which MBA colleges are under 10 lakhs in Mumbai?
Several top colleges in Mumbai offer MBA programs for less than 10 Lakh. Check out the list below:
College Name |
Fees (Per annum) |
Shailesh J. Mehta School of Management, IIT Bombay |
INR 7.18 Lakhs |
Welingkar Mumbai (WeSchool) |
INR 7 Lakhs |
KJ Somaiya Institute of Management Mumbai |
INR 6 to 10 Lakhs |
SIES College of Management Studies |
INR 7 Lakhs |
ITM Business School, Navi Mumbai |
INR 5.5 Lakhs |
Amity University Mumbai |
INR 3 Lakhs |
Chetana's Institute of Management and Research |
INR 3.8 Lakhs |
Vikekananad Business School |
INR 4.5 Lakhs |
Xavier Institute of Management and Research Mumbai |
INR 70,000 |
Which Colleges accept CAT scores in Mumbai?
CAT is the major entrance exam conducted by IIMs to offer MBA Admission. Prestigious MBA Colleges in Mumbai consider the CAT percentile to shortlist applicants. To get an MBA seat, the applicant needs to satisfy the cutoff criteria as defined by the college. Check out the Top MBA Colleges in Mumbai with CAT Cut off:
College Name |
CAT Cut off in percentile |
S.P. Jain Institute of Management and Research, Mumbai |
85 |
Shailesh J. Mehta School of Management, IIT Bombay |
90 |
NMIMS Mumbai |
96 |
IIM Mumbai |
97 |
Wekingkar Mumbai -WeSchool |
70-80 |
KJ Somaiya Institute of Management Mumbai |
84 |
Jamnalal bajaj institute of management |
96 |
Amity University Mumbai |
75 |
Kohinoor Business School |
50 |
Search MBA Colleges in Mumbai by Course
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