Updated on Aug 13, 2024 11:03 IST
Tasbiya Khan

Tasbiya KhanSenior Executive

Top MBA Colleges in Mumbai (All): Ranking 2024, Fees, Admissions, Courses, Placements

There are a total of 4 top MBA colleges in Mumbai (All) and all of which are privately owned. CAT, CMAT, MAH CET, NMAT, etc. are some of the most accepting entrance exams in best MBA colleges in Mumbai (All). National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA institutes in Mumbai. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.

Top MBA Colleges in Mumbai (All): Highlights 2024

Master of Business Administration (MBA) is a professional PG degree offered to train aspirants for business management and operations. Mumbai has MBA colleges accepting national- and state-level entrance exams, including CAT, GMAT, XAT, CMAT, ATMA, MAT, MAH CET, NMAT, etc., for MBA admissions.

The table below shows the key highlights of top MBA colleges in Mumbai (All):

Parameters

Statistics

No. of top MBA Colleges

4

Annual Fees

INR > 5 lakh: 4 colleges

Top Specialisations

Sales and Marketing, Operations, Human Resources, IT & Systems, etc.

Accepted entrance exam

CAT, CMAT, NMAT, XAT, etc.

DisclaimerThis information is sourced from the official website and may vary.

Predict your chances here: MBA 2024 Cutoff Predictor

Top MBA Colleges in Mumbai (All): Eligibility Criteria

The eligibility criteria for the MBA courses may differ from college to college. However, the basic eligibility criteria for top MBA college in Mumbai are as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
  • Most of the institutes follow the minimum score criteria for graduation which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

Top MBA Colleges in Mumbai (All): Exams Schedule 2024

The most popular entrance exams accepted by top MBA colleges in Mumbai (All) are mentioned below:

  • CAT: Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning and Quantitative Aptitude. The preparation for CAT exam should include phase wise completion of the CAT syllabus, mock test practice and revision.
  • XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. Apart from XLRI and 10 other XAMI member colleges, over 1,000 B-schools accept XAT scores for admission to their post-graduate management programmes. 

Preparing for CAT 2024?

Also read about CAT, MAT, and CMAT mock tests series:

Which are the most popular MBA exams accepted by top MBA Colleges in Mumbai (All)?

The top MBA colleges in Mumbai accept scores obtained by students in numerous national-level examinations. See the table below for a detailed overview of the top exams to get admitted to the top MBA colleges in Mumbai:

Exams Number of Colleges Cutoff Predictor
CAT 3 CAT 2024 Predictor
CMAT 2 CMAT 2024 Predictor
MAH CET 2 MAH CET 2024 Predictor
NMAT 2 NMAT 2024 Predictor
XAT 2 XAT 2024 Predictor

Top MBA Colleges in Mumbai (All) with NIRF Rankings 2023

 According to the annual data obtained by the framework, NIRF rankings are published each year. Rankings and ratings are based on five criteria: graduation rate, research, and professional practices, teaching and learning resources, and the institution's overall reputation.

Among the top 10 MBA colleges in Mumbai. Listed below are some of the best MBA colleges in Mumbai along with their NIRF ranking from the past three years, i.e. from 2022 to 2024:

College Name

NIRF 2022

NIRF 2023

NIRF 2024

S. P. Jain Institute of Management & Research Ranking

21

20

20

SVKM`s Narsee Monjee Institute of Management Studies Ranking

25

21

21

K.J.Somaiya Institute of Management Ranking

71

45

63

Principal L N Welingkar Institute of Management Development and Research Ranking

68

73

84

Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.

Also Read: MBA Courses

Top Private MBA Colleges in Mumbai (All)

The table below shows the top private MBA colleges in Mumbai (All) along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

College Name

Total Tuition Fee/Seat Intake

Entrance Exam/ Eligibility

S. P. Jain Institute of Management & Research Admission

INR 20 lakh

Seats: 780

Entrance Exam: CAT

Graduation with 50% aggregate

SVKM`s Narsee Monjee Institute of Management Studies Admission

INR 12 lakh

Seats: 990

Entrance Exam: NMAT

Graduation with 50% aggregate

Principal L N Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Seats: 12,830

Entrance Exam: CAT, XAT, MAT, CMAT

Graduation with 50% aggregate

K J Somaiya Institute of Management Admission

INR 17 lakh

Seats: 660

Entrance Exam: CAT, XAT, NMAT, CMAT

Graduation with 50% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

Also ReadMBA Admission 2024

ROI of Top MBA Colleges in Mumbai (All)

The amount of money that students receive as a placement offer in exchange for investing a sizeable sum of money to attend a college and finish a degree course is known as return on investment, or ROI.

The table below shows the top MBA colleges in Mumbai (All) along with their total tuition fees and average placement package:

College Name

Total Tuition Fee

Annual Median Package

S P Jain Institute of Management & Research MBA

INR 20 lakh

INR 30 LPA

SVKM`s Narsee Monjee Institute of Management Studies MBA

INR 12 lakh

INR 19 LPA

Principal L N Welingkar Institute of Management Development and Research MBA

INR 14 lakh

INR 9 LPA

K J Somaiya Institute of Management MBA

INR 17 lakh

INR 10 LPA

DisclaimerThe above statistics are based on the latest data.

Read more about MBA colleges in other locations:

Top Recruiters for MBA Graduates in Mumbai (All)

Among the top 10 MBA colleges in Mumbai. Below is the list of top MBA colleges in Mumbai and a few top companies that recruit MBA graduates along with their placement packages:

College Name

Average Placement Package

Top Recruiters

S. P. Jain Institute of Management & Research

INR 30 LPA

Amazon, Flipkart, Tata, Goldman Sachs, Paytm

Principal L N Welingkar Institute of Management Development and Research

INR 9 LPA

Accenture, Mahindra, PwC, Wipro, Reliance, Pidilite

SVKM`s Narsee Monjee Institute of Management Studies (NMIMS)

INR 19 LPA

American Express, Barclays, ICICI Bank, Yes Bank

Specialisations Offered by Top MBA Colleges in Mumbai (All)

See the table below for a detailed overview of the top specialisations offered by the top b schools in Mumbai (All):

Top Specialisations Number of Colleges
Finance  4
Sales & Marketing 4
Operations  3
Human Resources 2
IT & Systems 1

Top MBA Colleges in Mumbai (All): Comparison

To check the comparison between the top b schools in Mumbai, click the link below:

Read More

Selected Filters

Location

Total Fees

Rating

Ownership

Specialization

Exams Accepted

6
NIRF ' 24
(All India)
Indian Institute of Management Mumbai
4.6

Placements

4.5

Infrastructure

5.0

Faculty & Course Curriculum

4.0

Crowd & Campus Life

5.0

Value for Money

4.5

Learning Experience

0.0

Course Support

0.0
(2)
Fees: 14.00 Lakh
Not Ranked
Business Today ' 24
Not Ranked
Times ' 24
Not Ranked
Outlook ' 24
20
NIRF ' 24
(All India)
S.P. Jain Institute of Management and Research, Mumbai
4.3

Placements

4.2

Infrastructure

4.0

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.4

Value for Money

4.3

Learning Experience

0.0

Course Support

0.0
(39)
Fees: 24.00 Lakh
Salary : 32.00 Lakh
3
Business Today ' 24
4
Times ' 24
Not Ranked
Outlook ' 24
21
NIRF ' 24
(All India)
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
4.2

Placements

3.1

Infrastructure

4.4

Faculty & Course Curriculum

4.7

Crowd & Campus Life

4.7

Value for Money

4.1

Learning Experience

0.0

Course Support

0.0
(10)
Fees: 22.90 Lakh
Salary : 21.35 Lakh
Not Ranked
Business Today ' 24
Not Ranked
Times ' 24
Not Ranked
Outlook ' 24
63
NIRF ' 24
(All India)
K J Somaiya Institute of Management
4.2

Placements

3.9

Infrastructure

4.4

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.3

Value for Money

4.3

Learning Experience

0.0

Course Support

0.0
(202)
Fees: 18.50 Lakh
25
Business Today ' 24
Not Ranked
Times ' 24
Not Ranked
Outlook ' 24
84
NIRF ' 24
(All India)
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
4.1

Placements

3.7

Infrastructure

4.3

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.1

Value for Money

3.7

Learning Experience

0.0

Course Support

0.0
(238)
Fees: 14.00 Lakh
Salary : 10.00 Lakh
Not Ranked
Business Today ' 24
Not Ranked
Times ' 24
Not Ranked
Outlook ' 24

Other popular MBA/PGDM colleges in Mumbai (All)

2 Courses
10 L
21.35 LPA
7 Courses
13 L - 25 L
21.35 LPA

#21 NIRF

5.2 L - 7 L
7.5 LPA

#24 Times

12.45 L
11.45 L
8.58 L - 16.28 L
8 - 10.77 LPA

#25 Times

Learn from CEOs at UBS,Mumbai & get amazing ROI with placements. Highest Placement: 1.01cr
9.5 L - 10 L
4.6 LPA

#79 Times

Admissions Open for BBA & MBA 2022 - Apply Now
2.03 L
4.5 LPA

#54 Times

4.01 L
3.7

#27 Times

9.5 L
4.1

#78 Times

Ranked 10th among B-Schools in Mumbai by The Times of India B-School Survey 2022

Confused about which college or exam to opt for?

Chat with our counsellor.

Get your personalised list of colleges & exams.

1 Course
14 L
4.0
6.84 L - 13.04 L
7 LPA

#26 Times

9.5 L
Ranked 10th among B-Schools in Mumbai by The Times of India B-School Survey 2022
3.38 L
6.5 LPA

#28 Times

2.25 L
4.45 LPA

#99 Times

6 L - 7 L
7.3 LPA

#56 Times

6.84 L - 13.04 L
5 L
7.15 L - 9 L
6.5 LPA

#33 Times

11.05 L
10 LPA

#33 Times

Ranked 4th Best B School in Mumbai by the Times B School Survey 2021
1.8 L - 3.37 L
3.8

#36 Times

11.85 L
2.63 L
4.4 LPA

#51 Times

Admissions Open for AICTE Approved PGDM 2022 - Apply Now!
7.25 L
3.5

#43 Times

2 Courses
7.9 L
5.0

#50 Times

Top MBA Colleges in Mumbai (All) FAQs

Q: How many MBA colleges are there in Mumbai (All)?

A: There are a total of 4 top MBA colleges in Mumbai (All) and all of which are privately owned. CAT, CMAT, MAH CET, NMAT, etc. are some of the most accepting entrance exams in best MBA colleges in Mumbai (All)National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA institutes in Mumbai. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.

Q: Which is the No. 1 MBA college in Mumbai (All) as per NIRF 2024?

A: SPJIMR Mumbai emerged as the No. 1 MBA college in Mumbai (All) followed by other colleges. Listed below are some of the colleges along with their NIRF ranking over the past three years from 2022 to 2024:

College Name

NIRF 2022

NIRF 2023

NIRF 2024

S. P. Jain Institute of Management & Research Ranking

21

20

20

SVKM`s Narsee Monjee Institute of Management Studies Ranking

25

21

21

K.J.Somaiya Institute of Management Ranking

71

45

63

Principal L N Welingkar Institute of Management Development and Research Ranking

68

73

84

Q: Is it worth doing an MBA from Mumbai?

A: The amount of money that students receive as a placement offer in exchange for investing a sizeable sum of money to attend a college and finish a degree course is known as return on investment, or ROI.

The table below shows the top MBA colleges in Mumbai (All) along with their total tuition fees and average placement package:

College Name

Total Tuition Fee

Annual Median Package

S P Jain Institute of Management & Research MBA

INR 20 lakh

INR 30 LPA

SVKM`s Narsee Monjee Institute of Management Studies MBA

INR 12 lakh

INR 19 LPA

Principal L N Welingkar Institute of Management Development and Research MBA

INR 14 lakh

INR 9 LPA

K J Somaiya Institute of Management MBA

INR 17 lakh

INR 10 LPA

Q: What are the top MBA colleges in Mumbai (All) with good placements?

A: The table below shows the top MBA colleges in Mumbai (All) along with their placement package offered to their graduates and the prominent recruiters:

College Name

Average Placement Package

Top Recruiters

S. P. Jain Institute of Management & Research

INR 30 LPA

Amazon, Flipkart, Tata, Goldman Sachs, Paytm

Principal L N Welingkar Institute of Management Development and Research

INR 9 LPA

Accenture, Mahindra, PwC, Wipro, Reliance, Pidilite

SVKM`s Narsee Monjee Institute of Management Studies (NMIMS)

INR 19 LPA

American Express, Barclays, ICICI Bank, Yes Bank

Q: When should I start preparing for MBA entrance exam?

A: In the final year of graduation, preparation for an MBA begins. The majority of management aspirants begin their preparation as soon as they begin their third year of their bachelor's degree programme because it takes months to properly prepare for MBA entrance exams. However, there are a lot of challenges in preparing for an MBA entrance exam, including the lengthy syllabus, the difficulty of the questions, and the degree of competition. 

Here are some suggestions to help you study for your MBA entrance exams:

  • Study the fundamental grammatical and writing principles for the verbal segment to become familiar with the language's structure.
  • To hone their quantitative abilities, students should complete a lot of practice exams and sample papers.
    Create a schedule and follow it
  • Students should not overstress themselves and should get enough rest.

Q: What is the MAH MBA CET syllabus?

A: The syllabus of MAH MBA CET includes the following:

Logical and Abstract Reasoning: Arrangements, Family tree, Coding-Decoding, Direction, Clock and Calendars, Groups and Conditionality, Number Series, Venn Diagrams, Syllogisms, Odd Word Out, Analogies, Blood Relations, Proposition, Direction Sense, Assumptions, Puzzles, Binary Logic, Clock and Calendars, Sets and Caselets, etc.

Quantitative Aptitude: Geometry, Trigonometry, Algebra, Mensuration, Partnership (Accounts), Profit and Loss, Mean, mode, median, Ratio and Proportion, In-Equations, Quadratic and Linear equations, Surds and Indices, Time-Speed-Distance, Number System, Geometric Progression, Binomial theorem, Inequalities, Work and Time, Percentage, Logarithms, Square Root and Cube Root, Probability and Simple Interest and Compound Interest.

Verbal Ability and Reading Comprehension: Reading comprehension, selling/appropriate usage, fill in the banks, para jumbles, vocabulary, antonyms and synonyms, error correction, sentence completion and word arrangement, grammar, one-word substituting and verbal ability.

Q: What is the difficulty level of MAH MBA CET?

 A: MAH MBA CET is a moderately difficult exam. It’s difficulty level is lower than CAT but higher than MAT or ATMA. A major factor that makes MAH CET a difficult test to crack is that the questions are presented in random order and sectional weightage vary in every slot. So, candidates cannot anticipate or plan how many and which type of questions to get to their target score.

Also, the MAH MBA CET is dominated by Logical Reasoning questions and there are comparatively less Quantitative Aptitude questions. Since, there is no set pattern, candidates cannot pre-plan. They need to make a strategy and implement it as soon as they see the question paper. So, those who can think on their feet and can crack the exam better than others.

Q: What are the private top MBA colleges in Mumbai (All)?

A: The table below shows the top private MBA colleges in Mumbai (All) along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

College Name

Total Tuition Fee/Seat Intake

Entrance Exam/ Eligibility

S. P. Jain Institute of Management & Research Admission

INR 20 lakh

Seats: 780

Entrance Exam: CAT

Graduation with 50% aggregate

SVKM`s Narsee Monjee Institute of Management Studies Admission

INR 12 lakh

Seats: 990

Entrance Exam: NMAT

Graduation with 50% aggregate

Principal L N Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Seats: 12,830

Entrance Exam: CAT, XAT, MAT, CMAT

Graduation with 50% aggregate

K J Somaiya Institute of Management Admission

INR 17 lakh

Seats: 660

Entrance Exam: CAT, XAT, NMAT, CMAT

Graduation with 50% aggregate

Q: What are the various specialisations offered by top MBA colleges in Mumbai (All)?

A: The table below shows the top specialisations offered by MBA colleges in Mumbai (All) along with their number of colleges:

Top Specialisations Number of Colleges
Finance  4
Sales & Marketing 4
Operations  3
Human Resources 2
IT & Systems 1

Q: How can I prepare for MAH MBA CET?

A: MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required.

Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.

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