MBA Colleges in Mumbai 2023: Courses, Admissions, Fees, Rankings, Placements, Cutoff

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Sushil Pandey

Senior Content Specialist | Updated on - Nov 10, 2023

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Top MBA colleges in Mumbai include IIM (NITIE) MumbaiShailesh J. Mehta School of Management- [IIT Bombay], SPJIMRSBM NMIMS, etc. Mumbai, known as the "City of Dreams" and "Financial Capital of India," is home to 132 MBA colleges, of which 114 are Private and 10 are MBA Government colleges in Mumbai. A total of 58 MBA colleges in Mumbai are approved by AICTE, while 16 are approved by UGC.

  • IIM Mumbai, SJMSOM IIT Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management & Research are ranked 7, 10, and 20, per NIRF Rankings for 2023.
  • Admission to the top MBA colleges in Mumbai is primarily done through Management Entrance Exams such as CAT, MAT, XAT, NMAT, CMAT, MAH CET, GMAT, and GRE.
  • The average fees for pursuing MBA/ PGDM courses from the top MBA colleges in Mumbai can range between INR 50,000 to INR 30,00,000 per year depending upon the colleges.
  • The top MBA colleges in Mumbai with low fees are K. C. College of Management Studies - [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai
  • The best MBA colleges in India offer lucrative placement opportunities with high packages and good ROI. The average CTC is offered between INR 18 LPA to INR 30 LPA.
  • Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are some of the top-notch companies that participate in the placement drives offered by the top MBA colleges in Mumbai.
  • SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the top 10 MBA colleges in Mumbai.

Top 10 MBA Colleges in Mumbai

Mumbai is home to approximately 126 MBA colleges. The best MBA college in Mumbai is IIM Mumbai with a seat intake of 338 MBA/PGDM seats. IIM Mumbai improved its ranking, moving up to 7th place in 2023 from 9th in 2022. Below are the top 10 MBA colleges in Mumbai with MBA/PDM seat intake.

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of the top 10 MBA colleges in Mumbai along with their average annual fees:

Name of the College  Average Annual Fees 
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai  INR 4,91,000
National Institute of Industrial Engineering - [NITIE], Mumbai  INR 7,03,000
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai  INR 50,000
Mumbai University - [MU], Mumbai INR 55,000
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai  INR 1,00,905
Hansraj Jivandas College of Education, Mumbai  INR 6,600
Vikas Night College of Arts Science and Commerce, Mumbai  -
Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai  INR 1,99,000
Institute of Distance & Open Learning INR 17,625 (Total Fees)
National Institute of Securities Market INR 3,10,000

Top MBA Colleges in Mumbai: Ranking

Rankings of the top colleges in India are released by various agencies every year. These agencies release different lists like Top MBA Colleges in India, Top MTech Colleges in India, etc. Based upon different parameters like Perception of the College, Placements, Teacher-Student Ratio, etc., these lists are also released for different cities and states in India.

Some of the top agencies in India releasing such lists are NIRF, India Today, Economic Times, etc. Listed below is the ranking of top MBA colleges in Mumbai with fees.

Top MBA Colleges in Mumbai with NIRF Ranking 2023

NIRF (National Institutional Ranking Framework) is the premier ranking agency in India and is run by the Ministry of Education, Government of India. It releases the ranking lists for different colleges in India divided into 8 categories. NIRF ranks a college based on various parameters like teaching, placement, etc. Below is the Infographic for various parameters:

NIRF Ranking Parameters and Weightage

The NIRF ranking has ranked the National Institute of Industrial Engineering as the best MBA college in Mumbai. The institute has secured 7th rank in India by the national ranking agency.

  • Shailesh J. Mehta School of Management, IIT Bombay is ranked 10 with a NIRF score of 71.99 and is among the best private MBA colleges in India. 
  • SPJIMR Mumbai is ranked 20 followed by SVKM`s Narsee Monjee Institute of Management Studies at 21st place.

Tabulated below are the top MBA colleges in Mumbai ranked by NIRF Ranking 2023.

NIRF Ranking 2023 MBA Colleges in Mumbai NIRF Score
7 National Institute of Industrial Engineering, Mumbai 71.99
10 Indian Institute of Technology Bombay 68.11
20 S.P. Jain Institute of Management & Research 60.91
21 SVKM`s Narsee Monjee Institute of Management Studies 60.84
45 K J Somaiya Institute of Management Studies and Research 52.14
73 Principal L N Welingkar Institute of Management Development and Research 48.21

Top MBA Colleges in Mumbai with The Times Ranking

The Times is an English daily newspaper and digital media and the third-largest newspaper in India by circulation. It is one of the largest-selling English-language daily newspapers in the world. Together Optimal Media Solutions - The Times and Avance India have surveyed and released a list of Top Engineering colleges in India.

K.J. Somaiya Institute of Management Mumbai is the best MBA college in Mumbai, as per The Times ranking. Tabulated below are the top MBA colleges in Mumbai ranked by The Times.

The Times Ranking 2022 College Name 
7 K.J. Somaiya Institute of Management, Mumbai
22 SIES Management Institutes, Navi Mumbai
23 N.L Dalmia Institute of Management Studies And Research, Mumbai
26 Universal Business School, Mumbai
28 Institute For Technology And Management, Kharghar, Navi Mumbai
28 MET Institute of Management, Bandra West, Mumbai
35 Amity Business School, Amity University, Mumbai
36 Durgadevi Saraf Institute of Management Studies, Mumbai
55 Aditya Institute of Management Studies And Research, Mumbai
63 Kohinoor Business School, Mumbai
69 D Y Patil (Deemed To Be University) School of Management, Navi Mumbai
69 Oriental Institute of Management, Navi Mumbai
74 Lala Lajpatrai Institute of Management, Mumbai
82 Vivekanand Education Society’s Business School, Mumbai
82 GNVS Institute of Management, GTB Nagar, Mumbai
84 Sasmira's Institute of Management Studies And Research, Mumbai
119 Vivekanand Education Society’s Institute of Management Studies And Research, Mumbai
145 Indira Institute of Business Management, Navi Mumbai

Top MBA Colleges in Mumbai with India Today Ranking

India Today is the leading English news magazine & newspaper in India. It is one of the most popular newspapers in India and is published by Living Media India Limited every week. A marketing and research firm from Delhi named The Marketing & Development Research Associates (MDRA) and India Today in partnership conducts a college ranking survey. It ranked Indian colleges in fields like Science, Arts, Commerce, Management, Engineering, etc.

The infographic below depicts the weightage of these parameters used for the ranking of top Law colleges in India:

India Today Ranking Parameters and Weightage

As per India Today's ranking, SPJIMR Mumbai is the best MBA college in Mumbai ranked at 4th place followed by NMIMS Mumbai at 9th place. Below is the list of top MBA colleges in Mumbai ranked by India Today.

  • NITIE Mumbai, which wasn’t included in the list last year, is ranked 11th position in India now.
  • KJ SIMSR Mumbai has secured 25th position, followed by L N Welingkar Institute of Management Development and Research and SIMSREE Mumbai at 39 and 80th place respectively. 
  • IES Management College and Research Center still rank at 144th position, but it has shown a tremendous improvement by 24. 
  • N L Dalmia Institute of Management Studies and Research and Atharva Institute of Management Studies are some other top MBA colleges in Mumbai ranked by India Today.
College Name India Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR) 4
Narsee Monjee Institute of Management Studies (NMIMS) 9
National Institute of Industrial Engineering (NITIE) 11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) 25
L N Welingkar Institute of Management Development and Research 33
Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) 39
N L Dalmia Institute of Management Studies and Research 80
Universal Business School 86
IES Management College and Research Center 144
Atharva Institute of Management Studies 171

Also, check:

Top MBA Colleges in Mumbai With Fees

The top MBA colleges in Mumbai offer MBA courses at average fees ranging between INR 50,000 to INR 23 lakhs. Given below is the list of top MBA colleges in Mumbai with fees.

College/ University Name Average Annual fees 
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai INR 4,91,000 
S.P. Jain Institute of Management and Research, Mumbai INR 20,42,000 (Total Fees)
Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai  INR 3,50,000
National Institute of Industrial Engineering (NITIE), Mumbai  INR 7,03,000
NMIMS School of Business Management, Mumbai INR 71,000
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai INR 6,50,000
Jagdish Sheth School of Management - [JAGSOM], Mumbai  INR 22,40,000 (Total Fees) 
K J Somaiya Institute of Management, Mumbai INR 9,59,000
Vivekanand Business School - [VBS], Mumbai INR 4,50,000
SIES School of Business Studies - [SIES SBS], Mumbai  INR 4,50,000

Top MBA Colleges in Mumbai with Low Fees

The average fees for pursuing MBA courses from the top MBA colleges in Mumbai can range between INR 55,000 - 23 Lakhs per year. Listed below are the top MBA colleges in Mumbai with low fees:

College/ University Name Average Annual fees 
Indian School of Management & Studies - [ISMS], Mumbai INR 44,900 (Total Fees) 
Mumbai University - [MU], Mumbai INR 50,000 (Total Fees)
K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai INR 39,390
Garware Institute of Career Education and Development - [GICED] INR 71,000
Indian Institute of Business Management and Studies - [IIBMS], Mumbai  INR 42,800 (Total Fees) 
K. C. College of Management Studies - [KCCMS], Mumbai INR 45,000 (Total Fees) 
Kaizen School of Business Management - [KSBM], Mumbai INR 39,900 (Total Fees) 
Savitribai Phule Pune University - [SPPU], Mumbai INR 18,500 (Total Fees) 
Zenith Institute of Business Management - [ZIBM], Mumbai INR 61,000 (Total Fees) 
National Academy of Management Studies - [NAMS], Mumbai INR 25,000 (Total Fees) 

Top MBA Colleges in Mumbai: ROI (Return on Investment)

ROI or Return on Investment tells how profitable it is to pursue a particular course from a particular college. Listed below are some of the top private MBA colleges in Mumbai ROI-wise.

Name of the College Course Fee (in INR) Average Annual Package (In INR)
Shailesh J. Mehta School of Management, IIT Bombay 8,67,000 21,96,000
Prin. L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center 17,250 8,61,000
SPJIMR, Mumbai 17,50,000 19,50,000
National Institute of Industrial Engineering 12,53,000 10,88,000
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai 20,87,000 15,00,000

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}

Top MBA Colleges in Mumbai Cutoff

Different colleges admit students on different bases like entrance exams and merit lists. Most of the colleges in Mumbai accept MAT scores and also give admission through CAT and CMAT. Listed below are some of the top MBA colleges in Mumbai with their cutoff scores.

College/ University Name Cutoff Details 
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai Check Cutoff 
National Institute of Industrial Engineering, Mumbai Check Cutoff 
S.P. Jain Institute of Management and Research, Mumbai Check Cutoff 
NMIMS School of Business Management, Mumbai Check Cutoff 
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai Check Cutoff 
K J Somaiya Institute of Management, Mumbai Check Cutoff 
SIES School of Business Studies - [SIES SBS], Mumbai  Check Cutoff 
Amity University, Mumbai Check Cutoff 
N.L. Dalmia Institute of Management Studies and Research, Mumbai Check Cutoff 
Vivekanand Business School (VBS), Mumbai  Check Cutoff 

Many of these colleges also offer MMS (Master of Management Studies) courses. If you are interested in that, check out the top 10 MMS Colleges in Mumbai.

Top MBA Colleges in Mumbai: Admission Process 2023

There are more than 127 MBA colleges in Mumbai, of which 110 are Private and 11 are Government MBA colleges in Mumbai. The chart below represents the ratio between the top public and private MBA colleges in Mumbai:

Number of MBA Colleges in Mumbai

Admissions into most of the best MBA colleges in Mumbai are based on scores obtained by a candidate in MBA entrance exams such as CAT, MAHCET, XAT, MAT, etc. followed by a GD/ PI round. However, there are plenty of MBA colleges in Mumbai that offer merit-based admission, students are selected based on their graduation and 10+2 scores.

See More: CAT 2023 Results and Updates

Narsee Monjee Institute of Management Studies (NMIMS)

Narsee Monjee Institute of Management Studies (NMIMS) is one of the top 10 MBA colleges in India. The institute has campuses in multiple cities including Mumbai, Navi Mumbai, Pune, Chandigarh, Hyderabad, and Bangalore.

  • NMIMS Mumbai has scored a 3.59 CGPA on the NAAC accreditation scale.
  • The institute has been ranked as the 9th best B school by India Today rankings.
  • In April 2018, NMIMS earned the AACSB Accreditation, earned by less than 5% of the world’s business schools.
  • NMIMS’s MBA program is divided into 6 semesters.
  • The course curriculum includes special classes for French, Spanish, and German languages to help students fetch better opportunities.
  • The full NMIMS MBA program is 111 credits with 63 credits reserved for the first year and 45 for the second year. The remaining 3 credits are for the summer internship.

Check NMIMS Mumbai Courses and Fees Detail

The seat intake for NMIMS Mumbai MBA programs is given below:

narsee monjee mumbai mba seats intake 2021

Source: Official Institute Website

The institute is done with its placements for the 2020-21 batch and also with the summer placements for the 2021-22 batch.

  • 224 companies visited the NMIMS campus for summer placements while 148 companies came for the final placements.
  • The highest package went to INR 38,57 LPA for domestic companies.
  • The highest stipend for the summer placements has been INR 3 lakh.

The table below gives a comparison between the batch 2019 and 2020 of Narsee Monjee Mumbai.

Batch 2019 2020
Gender Ratio (Male: Female) 62:38 62:38
Average Work Experience 18 months 18 months
Average Age 23 years 24 years
Professionally Certified Candidates 312 312

In the past year trends for NMIMS Mumbai placements have improved tremendously. However, the institute offers multiple MBA courses. The course-wise placement comparison of NMIMS Mumbai MBA programs is shown in the graph below.

narsee monjee mumbai mba placements

Source: Official Institute Website

NMIMS has established itself as one of the top MBA colleges in Mumbai. Thousands of students come here from different parts of the country. The percentage of students from different parts of India is 46% from West India, 31% from North India, 13% from East India, and 10% from South India.

Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay

Shailesh J. Mehta School of Management, IIT Bombay, Mumbai popularly known as SJMSOM Mumbai is one of the best Management colleges in India. SJMSOM IIT Bombay MBA admission 2024-26 will start soon. SJMSOM Joint EMBA admission 2024 is open and the last date to apply for the last round is November 15, 2023CAT 2023 Admit Card will be released on November 7, 2023, and the exam is scheduled for November 26, 2023.

SJMSOM Placements 2023 Report

SJMSOM Placements 2023 is concluded with 100% placements. Students received 50% pre-placement offers. The highest number of students were placed in the FMCG / FMCD (24%) and Conglomerates & other sectors (25%).

  • SJMSOM average package increased by 11% at INR 28.88 LPA whereas SJMSOM highest package stood at INR 54 LPA.
  • Top Recruiters like DBS, JP Morgan Chase & Co, ICICI Bank, Nomura, Deloitte, Accenture Strategy, etc participated in SJMSOM Placements 2023.
The following infographics highlights SJMSOM IIT Bombay Placements for the year 2023 & 2022.

SJMSOM Placements 2023 Report - Collegedunia

Top MBA Colleges in Mumbai: Entrance Exam Wise

Admission to most MBA colleges in Mumbai is mainly based on entrance exams. The most popular MBA entrance exams in Mumbai are CAT, MAHCET, MAT, XAT, and CMAT. CAT exams are accepted by more than 45 MBA colleges in Mumbai for MBA admissions. To be eligible for admission, one must qualify for the entrance exam and may have to go through a group discussion or personal interview for final selection. 

Different MBA colleges in Mumbai accept different entrance exams to admit students. The infographics below highlight the number of colleges accepting different entrance exams.

Top MBA Colleges in Mumbai Entrance Exam- Collegedunia
Source: Official Websites

Top MBA Colleges in Mumbai through CAT

The Common Admission Test (CAT) is one of the most common MBA entrance exams and is conducted every year by IIMs throughout the country. The CAT 2023 exam is scheduled for November 26, 2023. The CAT application form and edit window are now closed. IIM Lucknow will release CAT admit card 2023 on October 25, 2023 (5 PM onwards). To download the hall ticket, you need to visit the official website, iimcat.ac.in 2023, and log in using your CAT user ID and password. Check: How to download CAT 2023 admit card

Following is a list of top MBA colleges in Mumbai accepting CAT scores:

  • ?Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai 
  • SP Jain Institute of Management and Research - [SPJIMR], Mumbai 
  • Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai 
  • National Institute of Industrial Engineering - [NITIE], Mumbai 
  • Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai 
  • Athena School of Management, Mumbai
  • K J Somaiya Institute of Management, Mumbai 
  • SIES School of Business Studies - [SIES SBS], Mumbai 
  • Atharva Institute of Management Studies - [AIMS], Mumbai 
  • Vivekanand Business School - [VBS], Mumbai

Out of the list of top MBA colleges in Mumbai, 41 have accepted the score of CAT so far. Some of these institutes also accept scores of certain different management entrance tests.

MBA Colleges in Mumbai without CAT

There are many MBA colleges in Mumbai that offer direct admissions on a merit basis. Apart from CAT, several MBA colleges in Mumbai admit students through different entrance exams such as MAT, XAT, MAHCET, CMAT, etc. More than 36 MBA colleges in Mumbai accept MAH CET and 34 colleges accept XAT scores. Tabulated below are the top MBA colleges in Mumbai without CAT.

  • Kohinoor Business School - [KBS], Mumbai
  • BSE Institute Limited - [BIL], Mumbai
  • Thadomal Shahani Centre For Management - [TSCFM], Mumbai
  • Guru Nanak Institute of Management Studies - [GNIMS], Mumbai
  • Chetana's Institute of Management and Research - [CIMR], Mumbai

Top MBA Colleges in Mumbai Accepting MAT

Some of the best MBA Colleges in Mumbai accepting MAT scores are listed below in the table chart along with their average annual fees Structure:

Name of the College  Average Annual Fees 
IES's Management College and Research Centre - [IES MCRC], Mumbai  INR 4,00,000
Atharva Institute of Management Studies - [AIMS], Mumbai INR 4,10,000
Amity University, Mumbai INR 5,00,000
Thakur Global Business School - [TGBS], Mumbai INR 5,25,000
ISME School of Management & Entrepreneurship - [ISME], Mumbai  INR 10,45,000
Kohinoor Business School - [KBS], Mumbai  INR 3,05,000
BSE Institute Limited - [BIL], Mumbai INR 5,60,000(Total Fees)
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai INR 6,50,000
SIES School of Business Studies - [SIES SBS], Mumbai  INR 4,50,000
K J Somaiya Institute of Management, Mumbai INR 9,59,100
Thadomal Shahani Centre For Management - [TSCFM], Mumbai  INR 14,000

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai also accept CMAT scores other than CAT, and GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College  Average Annual Fees 
Thakur Global Business School - [TGBS], Mumbai  INR 5,25,000
Rustomjee Business School - [RBS], Mumbai INR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai  INR 81,000
Tata Institute of Social Sciences - [TISS], Mumbai INR 1,00,000
Thadomal Shahani Centre For Management - [TSCFM], Mumbai  INR 4,50,000
K J Somaiya Institute of Management, Mumbai INR 9,59,100
BSE Institute Limited - [BIL], Mumbai INR 5,60,000
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai INR 5,75,000
SIES School of Business Studies - [SIES SBS], Mumbai  INR 4,50,000
Athena School of Management, Mumbai  INR 6,75,000

Top MBA Colleges in Mumbai through CET

MAH CET exam is commonly known as MAH MBA/MMS-CET or MAH-CET. MAH CET 2024 is a computer-based exam which is held for a duration of 2 hours. There will be 200 questions, each carrying 200 marks. MAH CET exam is conducted in English medium only. Check MAH CET Exam Pattern 2024

  • MAH CET 2024 exam will be held on the 23rd & 24th of March 2024
  • MAH CET 2024 Application is most likely to be out by the 4th week of February 2024.
  • MAH CET 2023 Cut off is expected to be above the 99 percentile for top MBA colleges like JBIMS, SIMSREE, PUMBA, and Prin L.N Welingkar Institute of Management Development and Research. Check MAH CET Cut off for Top Colleges

Following is a list of top MBA colleges in Mumbai through CET:

  • Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai 
  • SIES School of Business Studies - [SIES SBS], Mumbai 
  • IES's Management College and Research Centre - [IES MCRC], Mumbai 
  • Atharva Institute of Management Studies - [AIMS], Mumbai 
  • Universal Business School - [UBS], Mumbai

Candidates who secure a place in the merit list released are eligible to participate in the counseling procedures of different management colleges. MAH CET result is valid for 1 year and the application fee is INR 1,000 for General category students.

Top MBA Colleges in Mumbai without Entrance Exam

In Mumbai, there are numerous MBA colleges that provide direct admissions. Merit-based admissions are available, which are determined by the applicant's scores in 10+2 or graduation, as well as possibly a GD/PI round. The following is a list of the finest MBA colleges in Mumbai that do not require an entrance exam.

  • A.C Patil College of Engineering
  • Aditya Institute of Management Study and Research
  • Aruna Manharlal Shah Institute of Management and Research
  • Atharva Institute of Management Studies
  • Durgadevi Saraf Institute of Management Studies
  • Evolve Business School
  • FOSTIIMA Business School
  • GNVS Inst. of Management
  • MET Institute Management
  • Rustomjee Business School

Top MBA Colleges in Mumbai: Placement Wise

The top MBA colleges in Mumbai offer lucrative placement opportunities and high ROI. Mumbai is India's major city and home to several top-notch MNCs. Every year several of these companies participate in the placement drive of the top MBA colleges in Mumbai and recruit graduates. NMIMS Mumbai is one of the top private MBA colleges in India and it offers the highest MBA Placement in Mumbai which stands at INR 57.65 LPA. 

Check out the highest and average placement packages of some of the best MBA colleges in Mumbai in the infographics below.

MBA Colleges in Mumbai Placements- Collegedunia

Source: Official Websites

Popular recruiters in these institutes include:

Kotak Mahindra Group Boston Consulting Group Bajaj Auto
PricewaterhouseCoopers Barclays Capital Bharati Airtel
Reserve Bank of India Bloomberg L’Oreal Paris
National Stock Exchange Bank of America IBM
UBS Godrej Hindustan Unilever

The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams. Check the top MBA colleges in Mumbai stream-wise by clicking on the links below:

Top MBA Colleges in Mumbai For Marketing

MBA Marketing is a quite popular MBA specialization, it deals with the study of branding, advertising, marketing strategies, and how to manage resources that are used in marketing. MBA Marketing opens a door to job opportunities like Marketing Manager, Marketing Executive, etc.

Some of the top MBA colleges in Mumbai for marketing are:

  • Narsee Monjee Institute of Management Studies
  • SJMSOM Mumbai 
  • SP Jain Institute of Management and Research
  • K J Somaiya Institute of Management
  • Chetana's Institute of Management and Research 
  • Amity University, Mumbai
  • ISME School of Management & Entrepreneurship, Mumbai
  • Kohinoor Business School, Mumbai 
  • ATLAS SkillTech University
  • Vivekanand Business School, Mumbai

The average package in top MBA colleges in Mumbai for Marketing ranges from INR 6-8 lakh.

Top MBA Colleges in Mumbai For Finance

MBA Finance is one of the toughest MBA specializations. Around 44 MBA colleges in Mumbai offer MBA Finance courses. The course imparts knowledge related to various aspects of Finance like control, management, assessment of collection, investment, and resources. Below is a list of the top MBA colleges in Mumbai for Finance:

  • SJMSOM Mumbai 
  • SP Jain Institute of Management and Research
  • Jamnalal Bajaj Institute of Management Studies
  • Narsee Monjee Institute of Management Studies
  • Prin. L. N. Welingkar Institute of Management Development & Research
  • N. L. Dalmia Institute of Management Studies and Research
  • Universal Business School
  • Amity University, Mumbai
  • Guru Nanak Institute of Management Studies
  • K. C. College of Management Studies

Top MBA Colleges in Mumbai For HR

MBA in Human Resources Management aims to provide knowledge about organizational behavior, management principles, recruiting and guidance of workforce, etc. There are around 36 MBA colleges in India offering MBA HRM.

  • 72% of companies worldwide believe that HR is an important element responsible for the proper functioning of the organization.
  • 83% of companies in South Asia have prioritized HR tech advancements.
  • The global HR sector is expected to reach $30 billion by 2025.

Some of the top MBA colleges in Mumbai for HR are:

  • Jamnalal Bajaj Institute of Management Studies
  • Narsee Monjee Institute of Management Studies
  • Prin. L.N. Welingkar Institute of Management Development and Research
  • K. J. Somaiya Institute of Management Studies and Research
  • Shailesh J. Mehta School of Management, IIT Bombay, Mumbai
  • Universal Business School  
  • Amity University, Mumbai
  • Kohinoor Business School, Mumbai
  • Rustomjee Business School, Mumbai
  • Vivekanand Business School, Mumbai

The average package in top MBA colleges in Mumbai for HR ranges from INR 5-7 lakh.

Also, Check,

Top MBA Colleges in Mumbai: FAQs

Ques. Which is the best MBA college in Mumbai?

Ans. Given below is a list of the best MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • Shailesh J. Mehta School of Management, IIT Bombay
  • National Institute of Industrial Engineering-NITIE
  • SP Jain Institute of Management and Research-SPJIMR
  • Amity Global Business School

Ques. Is MBA losing its value?

Ans. Due to an enormous number of students pursuing an MBA every year, the course’s value has deviated a bit, but still, MBA is one of the most sought courses by recruiters in the corporate world.

Ques. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has a good reputation for its MBA Finance course.

Ques. Is Amity Mumbai good for MBA?

Ans. Amity Mumbai offers students world-class infrastructure and highly sophisticated education for the MBA course. However, education at Amity Mumbai is a bit expensive.

Ques. Is SP Jain and SPJIMR the same?

Ans. Yes, they are. The full form of SPJIMR is SP Jain Institute of Management and Research.

Ques. How can I get a scholarship for MBA?

Ans. Many organizations and institutes offer scholarships for MBA programs. 2 best ways to get a scholarship are:

  • A good score on the entrance test.
  • Extensive research work in a particular field.

Ques. Which MBA gives the highest salary?

Ans. MBA Business Analytics and MBA Marketing are some of the most rewarding MBA specializations.

Ques. Is ISB better than IIM?

Ans. ISB and IIM, have established themselves as the premier management institutes in India. What separates them is the fact that ISB Hyderabad asks for a 5-year pre-MBA experience from applicants. Whereas, IIMs don’t keep any such criterion.

Ques. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers a very good MBA course for students. The institute has been ranked No. 4 in the world by QS World Rankings. The average CTC offered remains above INR 20 lakh.

Ques. Which private college is best for MBA?

Ans. Following is a list of some of the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Amity Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Ques. Can I do MBA after B.Com.?

Ans. Yes, you can do MBA after pursuing a B.Com. course.

Ques. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

Ques. Is IBS AICTE approved in Mumbai?

Ans. No. ISB Mumbai has not been approved by AICTE.

Ques. What are the fees for the CAT exam?

Ans. The registration fees for CAT 2019 are INR 1900 for General and OBC candidates and INR 950 for SC/ST/PWD candidates.

Type Of College
Avg Fee Per Year
Course Type
Course Duration
College Category
Gender Accepted
Found 132 colleges
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CD RatingCollegesCourse FeesPlacementUser ReviewsRanking
Aa2

SP Jain [SPJIMR], Mumbai

Mumbai, Maharashtra |AICTE, NBA, AACSB, AMBA Approved
24,00,000MBA/PGDM- total feesCompare Fees₹ 33,02,000Average Package₹ 77,88,000Highest PackageCompare Placement 8.4 / 10 Based on 43 User
Reviews
Best in Placements
#5th/272 in India 2023
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Aa2

JBIMS, Mumbai

Mumbai, Maharashtra |AICTE Approved
3,50,000MBA/PGDM- 1st Year FeesCompare Fees₹ 27,63,000Average Package₹ 44,00,000Highest PackageCompare Placement 8.1 / 10 Based on 27 User
Reviews
Best in Placements
#22th/272 in India 2023
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Aa2

IIM Mumbai - Indian Institute of Management, Mumbai

Mumbai, Maharashtra |AICTE Approved
21,00,000MBA/PGDM- total feesCompare Fees₹ 27,75,000Average Package₹ 78,20,000Highest PackageCompare Placement 8.6 / 10 Based on 68 User
Reviews
Best in Placements
#12th/292 in India 2020
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Aa2

TISS Tata Institute of Social Sciences, Mumbai

Mumbai, Maharashtra |UGC Approved
1,00,000MBA/PGDM- total feesCompare Fees₹ 27,22,000Average Package₹ 49,00,000Highest PackageCompare Placement 8.5 / 10 Based on 69 User
Reviews
Best in Academics
#19th/50 in India 2019
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Aa2

Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai

Mumbai, Maharashtra |AICTE Approved
4,91,100MBA/PGDM- 1st Year FeesCompare Fees₹ 28,88,000Average Package₹ 54,00,000Highest PackageCompare Placement 8.8 / 10 Based on 27 User
Reviews
Best in Infrastructure
#13th/179 in India 2020
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Aa3

School of Business Management, NMIMS University - [SBM NMIMS], Mumbai

Mumbai, Maharashtra |AACSB Approved
11,95,000MBA/PGDM- 1st Year FeesCompare Fees₹ 18,45,000Average Package₹ 34,72,000Highest PackageCompare Placement 8.2 / 10 Based on 22 User
Reviews
Best in Academics
#4th/268 in India 2021
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Aa5

KJ Somaiya, Mumbai

Mumbai, Maharashtra |AICTE, NBA, AIU, AACSB Approved
9,59,100MBA/PGDM- 1st Year FeesCompare Fees₹ 12,32,000Average Package₹ 25,96,000Highest PackageCompare Placement 8 / 10 Based on 113 User
Reviews
Best in Infrastructure
#25th/272 in India 2023
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Aa5

Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai

Mumbai, Maharashtra |AICTE, NBA Approved
6,50,000MBA/PGDM- 1st Year FeesCompare Fees₹ 12,25,000Average Package₹ 24,00,000Highest PackageCompare Placement 8 / 10 Based on 124 User
Reviews
Best in Academics
#39th/272 in India 2023
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Aa5

SIES School of Business Studies - [SIES SBS], Mumbai

Mumbai, Maharashtra |AICTE Approved
7,00,000MBA/PGDM- total feesCompare Fees₹ 8,70,000Average Package₹ 23,00,000Highest PackageCompare Placement 7.9 / 10 Based on 34 User
Reviews
Best in Academics
#51th/284 in India 2019
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Aa6

N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai

Mumbai, Maharashtra |AICTE Approved
7,35,000MBA/PGDM- 1st Year FeesCompare Fees₹ 10,28,000Average Package₹ 25,50,000Highest PackageCompare Placement 8.4 / 10 Based on 29 User
Reviews
Best in Infrastructure
#78th/272 in India 2023
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Aa6

Amity University, Mumbai

Mumbai, Maharashtra |AICTE, COA, UGC, AIU Approved
4,72,000MBA/PGDM- 1st Year FeesCompare Fees-- 8.5 / 10 Based on 53 User
Reviews
Best in Social Life
#102th/125 in India 2022
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Ba1

Aditya Institute of Management Studies and Research - [AIMSR], Mumbai

Mumbai, Maharashtra |AICTE Approved
1,40,000MBA/PGDM- 1st Year FeesCompare Fees₹ 6,00,000Average Package₹ 10,00,000Highest PackageCompare Placement 7.9 / 10 Based on 15 User
Reviews
Best in Faculty
#52th/100 in India 2023
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Ba1

Kohinoor Business School - [KBS], Mumbai

Mumbai, Maharashtra |AICTE Approved
6,10,000MBA/PGDM- total feesCompare Fees₹ 6,50,000Average Package₹ 12,50,000Highest PackageCompare Placement 8.3 / 10 Based on 29 User
Reviews
Best in Faculty
#61th/100 in India 2023
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Ba2

Chetana's Institute of Management and Research - [CIMR], Mumbai

Mumbai, Maharashtra |AICTE Approved
3,85,000MBA/PGDM- 1st Year FeesCompare Fees₹ 5,50,000Average Package₹ 10,00,000Highest PackageCompare Placement 8 / 10 Based on 19 User
Reviews
Best in Infrastructure
#82th/179 in India 2022
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Ba2

Vivekanand Business School - [VBS], Mumbai

Mumbai, Maharashtra |AICTE, NBA, AIU Approved
4,50,000MBA/PGDM- 1st Year FeesCompare Fees₹ 7,00,000Average Package₹ 19,80,000Highest PackageCompare Placement 8 / 10 Based on 33 User
Reviews
Best in Infrastructure
#159th/272 in India 2023
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CD RatingCollegesCourse FeesPlacementUser ReviewsRanking
Ba2
2,03,000MBA/PGDM- 1st Year FeesCompare Fees-- 7.6 / 10 Based on 17 User
Reviews
Best in Social Life
#33th/79 in India 2020
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Ba3
--MBA/PGDM-- 7.6 / 10 Based on 17 User
Reviews
#176th/272 in India 2023
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Ba4

IES's Management College and Research Centre - [IES MCRC], Mumbai

Mumbai, Maharashtra |AICTE, NBA, AIU Approved
4,60,000MBA/PGDM- 1st Year FeesCompare Fees₹ 7,50,000Average Package₹ 10,00,000Highest PackageCompare Placement 7.6 / 10 Based on 31 User
Reviews
Best in Academics
#178th/268 in India 2021
agency logoagency logoagency logo+ 1 More
CD RatingCollegesCourse FeesPlacementUser ReviewsRanking
Ba4
69,219MBA/PGDM- 1st Year FeesCompare Fees₹ 5,70,000Average Package₹ 11,25,000Highest PackageCompare Placement 7.8 / 10 Based on 18 User
Reviews
Best in Infrastructure
#214th/292 in India 2020
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Ba4

Guru Nanak Institute of Management Studies - [GNIMS], Mumbai

Mumbai, Maharashtra |AICTE Approved
6,59,400MBA/PGDM- total feesCompare Fees₹ 3,75,000Average Package₹ 7,50,000Highest PackageCompare Placement 7.1 / 10 Based on 20 User
Reviews
Best in Faculty
#198th/281 in India 2022
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Ba6
40,000MBA/PGDM- 1st Year FeesCompare Fees-- 8.8 / 10 Based on 5 User
Reviews
Best in Social Life
#147th/200 in India 2023
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IIT Bombay - Indian Institute of Technology - [IITB], Mumbai

Mumbai, Maharashtra |AICTE, UGC Approved
4,29,300MBA/PGDM- 1st Year FeesCompare Fees₹ 21,82,000Average Package₹ 3,67,00,000Highest PackageCompare Placement 8.8 / 10 Based on 290 User
Reviews
Best in Social Life
#11th/125 in India 2022
agency logoagency logoagency logo+ 10 More
CD RatingCollegesCourse FeesPlacementUser ReviewsRanking

Ramnarain Ruia Autonomous College, Mumbai

Mumbai, Maharashtra |UGC Approved
1,00,000MBA/PGDM- total feesCompare Fees-- 7.9 / 10 Based on 72 User
Reviews
Best in Social Life
--

Mumbai University - [MU], Mumbai

Mumbai, Maharashtra |UGC Approved
22,000MBA/PGDM- 1st Year FeesCompare Fees₹ 3,20,000Average Package₹ 5,50,000Highest PackageCompare Placement 7.5 / 10 Based on 9851 User
Reviews
Best in Academics
--
40,700MBA/PGDM- 1st Year FeesCompare Fees-- 10 / 10 Based on 2 User
Reviews
Best in Placements
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--MBA/PGDM-- 7.7 / 10 Based on 74 User
Reviews
Best in Faculty
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CD RatingCollegesCourse FeesPlacementUser ReviewsRanking
1,00,905MBA/PGDM- 1st Year FeesCompare Fees-- 7.5 / 10 Based on 466 User
Reviews
Best in Academics
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K. J. Somaiya College of Education, Mumbai

Mumbai, Maharashtra |NCTE Approved
50,000MBA/PGDM- total feesCompare Fees₹ 3,00,000Average Package₹ 9,00,000Highest PackageCompare Placement 8.5 / 10 Based on 6 User
Reviews
Best in Social Life
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Hansraj Jivandas College of Education, Mumbai

Mumbai, Maharashtra |NCTE Approved
6,600MBA/PGDM- total feesCompare Fees-- 7.7 / 10 Based on 1 User
Reviews
Best in Faculty
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