Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2026, Courses, Placements

Students can take a look at the table below for the NIRF 2025 rankings of the best MBA colleges in Mumbai:

College Name	NIRF 2023	NIRF 2024	NIRF 2025
Indian Institute of Management, Mumbai Ranking	7	6	6
Indian Institute of Technology Bombay Ranking	10	10	14
S. P. Jain Institute of Management & Research Ranking	20	20	20
SVKM's Narsee Monjee Institute of Management Studies Ranking	21	21	24
K. J. Somaiya Institute of Management Ranking	45	63	65
PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking	73	84	75

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

Hi, Jobs & Career: The scope of MBA course is increasing day by day. MBA is one of the big job oriented professional programme and the most one which has been sought by the students. Once you have completed your degree, you have a great job opportunity in the industrial world. You may become the manager or executive in terms of designation. The management term is most suited to the managers and that's why it is the way, where you can reach on the top of the height as soon as possible by using your leadership and working proficiency. An MBA professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MBA professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MBA professional. Salary: Management sector is one of the highest paying sectors. The salary is no issue for the right candidates who have a good leadership, decision-making skill, enthusiasm and good academic background. The initial package in India is around Rs. 2 to 3 Lacs per annum but the maximum is unlimited. Also, the increment in this sector is quite good and depending on your capability, you can reach up to a six-figure income in a quick span of time.

It is estimated that joining MBA colleges in Mumbai can be expensive, but we have identified some affordable options with tuition fees of less than INR 1 Lacs and between INR 1-2 lakh.

Low-cost Colleges	Total Tuition Fee
Welingkar Mumbai	INR 94,000
National Institute of Management and Research Studies	INR 1.5 lakh
Jankidevi Bajaj Institute of Management Studies	INR 1.7 lakh
NAEMD	INR 1.8 lakh
Indian Institute of Materials Management	INR 81,000

IIM Mumbai offers several scholarship schemes to the candidates on a merit and needs basis. The details regarding the same is GATE-qualified students are entitled to Teaching Assistantship (at present INR12400 per month) and contingency expenditure as per rules. SC/ST students are granted Central Sector Scholarship as per the scheme of Govt. of India subject to the satisfactory fulfilment of terms and conditions mentioned therein. Any student entering the postgraduate programme whose total family income does not exceed Rs 2.50 Lacs in the last financial year shall be eligible for 30% tuition fee waiver and 50% waiver of tuition fee if family income does not exceed Rs 1 Lacs in the last financial year shall be eligible for this scholarship.

For admission to the MBA at SJMSOM, the CAT test was conducted on November 30, 2025. Aspirants of SJMSOM are required to appear for the exam in Computer Based Testing mode at the allotted test centres. CAT exam 2025 is generally held in three slots:

• Morning slot: 8:30 AM to 10:30 AM
• Afternoon slot: 12:30 PM to 2:30 PM
• Evening slot: 4:30 PM to 6:30 PM

The prerequisites for MBA courses can vary from one college to another. However, the following are the fundamental requirements for admission to Mumbai's best MBA college:

• As a baseline requirement for admission to the MBA (full-time) programme, candidates must have earned their bachelor's degree in any discipline or its equivalent from an accredited university.
• The majority of institutions adhere to the average or equivalent minimum score requirement of 50% for graduation. The required overall score for students in the reserved category is 45%.
• Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.

There are about 160+ best MBA colleges in Mumbai. Of these, 111 colleges are privately owned and 11 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Mumbai. NMIMS School of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc. are some of the popular MBA colleges in Mumbai.

Joining an MBA college in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
NMIMS School of Business Management MBA	INR 8 lakh – INR 24 lakh	INR 7 LPA - INR 19 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 14 lakh	INR 28 LPA
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
SIES College of Management Studies MBA	INR 5 lakh – INR 7 lakh	INR 8 LPA

Hope this information proves beneficial for you!!

SP Jain Institute of Management and Research offeredthe the highest placement package ranging between INR 3 LPA - INR 32 LPA,  and the prominent recruiters participated include Castrol, Godrej, Barclays, CISCO, KPMG, etc.

Refer to the table below for a detailed overview of some of the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:

College Name	Annual Average Package	Top Recruiters
NMIMS School of Business Management Placements	INR 7 LPA - INR 19 LPA	KPMG, Infosys, Cognizant, EXL, ITC, etc.
IIM Mumbai (formerly known as NITIE) Placements	INR 28 LPA	Amazon, ITC, EY, Flipkart, Microsoft, etc.
S.P. Jain Institute of Management and Research Placements	INR 3 LPA – INR 32 LPA	Castrol, Godrej, Barclays, CISCO, KPMG, etc.
SIES College of Management Studies Placements	INR 8 LPA	BigBasket, Tata Motor Finance, Federal Bank, HDFC Bank, etc.

Disclaimer: This information is sourced from the official website/media reports/NIRF website and may vary.

To get admission to a two-year MBA course at NMIMS Mumbai, candidates must fulfil the minimum eligibility criteria in the first place to apply for the course. The minimum eligibility is to pass graudation with minimum 50% aggregate. As per the admission process, admission to MBA courses are offered through a valid score of NMAT entrance exam, which is conducted by the NMIMS. Moreover, a group discussion and a PI round is conducted for the final selection for candidates. 

Pune has the largest number of MBA colleges, i.e. 258 which include National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.

The distribution of Mumbai's MBA colleges by location is shown in the table below, along with the colleges' names and numbers:

Regions	Number/Names of Colleges
Pune	258 (National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.)
Nagpur	65 (IIM Nagpur, IMT Nagpur, Datta Meghe Institute of Management Studies, etc.)
Nashik	39 (Sandip Institute of Technology and Research Centre, MET League of Colleges, Bhujbal Knowledge City, Sandip University, etc.)
Ahmednagar	25 (Sanjivani College of Engineering, Amrutvahini College of Engineering, Global Institute of Management, etc.)
Aurangabad	22 (MGM Institute of Management and Research, Deogiri Institute of Engineering and Management, Dr. Babasaheb Ambedkar Marathwada University, etc.)

There are about 160+ best MBA colleges in Mumbai. Of these, 111 colleges are privately owned and 11 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Mumbai. NMIMS School of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc. are some of the popular MBA colleges in Mumbai.

These are some popular and well-rated MBA colleges in Maharashtra that have direct admissions. 

1. Whistling Woods International
2. Indian Institute of Digital Education
3. MKES Institute of Management Studies & Research

Note: All info. is from official sources and can change. 

Joining an MBA college in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
NMIMS School of Business Management MBA	INR 8 lakh – INR 24 lakh	INR 7 LPA - INR 19 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 14 lakh	INR 28 LPA
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
SIES College of Management Studies MBA	INR 5 lakh – INR 7 lakh	INR 8 LPA

Hope this information proves beneficial for you!!

Yes, Symbiosis Institute of Business Management is definitely a good option for pursuing an MBA degree.SIBM Pune is a constituent of Symbiosis International (Deemed University) which is accredited with A ++ Grade by NAAC. Symbiosis Institute of Business Management Pune was established in 1978 and is a member of EFMD & EFMD Global network. The institute has been ranked 13 under the Management category by the NIRF 2024.

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

• The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
• For the reserved category,  the score should at least be 45% aggregate.
• Some institutes accept other competitive exam scores such as XAT, MAT,  GMAT,  NMAT,  ATMA,  SNAP, etc.

There are about 30+ Online MBA colleges in Mumbai. Some of them are mentioned below along with their tuition fees:

Online MBA	Tuition Fee
SPJIMR Mumbai	INR 10 lakh
Welingkar Mumbai	INR 61,000 - INR 1 lakh
Amity University Online	INR 2 Lacs - INR 3 lakh
Parul University Online	INR 90,000
Online Manipal	INR 3 Lacs - INR 6 lakh

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.

The table below shows the distance MBA colleges in Maharashtra along with their total tuition costs:

Distance MBA Colleges	Total Tuition Fee
Symbiosis Centre for Distance Learning	INR 50,000
Institute of Distance and Open Learning, University of Mumbai	INR 19,000 - INR 1 lakh
IIBMS	INR 41,000 - INR 51,000
Yashwantrao Chavan Maharashtra Open University	INR 33,000
MIT School of Distance Education, MAEER	INR 65,000 - INR 9 lakh

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

• The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
• For the reserved category,  the score should at least be 45% aggregate.
• Some institutes accept other competitive exam scores such as XAT, MAT,  GMAT,  NMAT,  ATMA,  SNAP, etc.

There are about 30+ Online MBA colleges in Mumbai. Some of them are mentioned below along with their tuition fees:

Online MBA	Tuition Fee
SPJIMR Mumbai	INR 10 lakh
Welingkar Mumbai	INR 61,000 - INR 1 lakh
Amity University Online	INR 2 Lacs - INR 3 lakh
Parul University Online	INR 90,000
Online Manipal	INR 3 Lacs - INR 6 lakh

The total tuition fee for NMIMS School of Business Management MBA ranges between INR 6 lakh and INR 24 lakh. Check below fee for some of the MBA specialisations:

Course Name	Total Tuition Fee
General	INR 11.95 lakh
Pharmaceutical Management	INR 19.2 lakh
Human Resources	INR 19.2 lakh
Business Analytics	INR 24.04 lakh
Healthcare Management	INR 19.2 lakh

 

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by SIES College of Management Studies after completion of MBA/PGDM is INR 750,000. Basis these stats, National Insurance Academy- NIA is better option compared to SIES College of Management Studies on the Median salary parameter.

The total tuition fee for PGDM course is INR 16.50 lakh. Candidates are required to pay the course fee after completion of the selection rounds to confirm their seat in the institute. Check below the year-wise N. L. Dalmia  PGDM fee break-up:

Year	Fee
Year I	INR 8.25 lakh
Year II	INR 8.25 lakh

The Amity Global Business School Mumbai has not released the average package details as of yet. So, it will be updated later. Meanwhile, check out the highest package and top recruiters during the Amity Global Business School Mumbai the latest placements from the table below:

Yes, VBS reserves seats for candidates belonging to two categories to ensure equality and diversity in each batch. The seat reservation policy followed at the institute is as follows:

• Seats reserved for Defense Personnel & their children: 9 seats
• Seats for Foreign Nationals under Supernumerary Quota: 27 seats (15% of total seats)

NOTE: The mentioned information is sourced from official sources. It is still subject to change and hence, is indicative.

Once the IES MCRC closes the application window, the admissions committee begins with the selection stage. For allocation of PGDM seats, the institute shortlists students based on entrance test scores. Based on these scores, the institute prepares a rank list and allocates PGDM seats. Once all seats are allocated, the institute extends offer letters.

Chetana's Institute of Management and Research has a good record of placements for its PGDM courses. In 2025, the the highest and average package offered stood at INR 13.3 LPA and INR 7.04 LPA, respectively. The key highlights of Chetana's Institute of Management and Research placements for the PGDM Class of 2025 are tabulated below:

Particulars	Placement Statistics (2025)
the highest package	INR 13.3 LPA
Average package	INR 7.04 LPA
Median package	INR 7 LPA
Total recruiters	200+
Top recruiters	HUL, ITC, TCS, Voltas, Accenture

SRBS - Sheila Raheja School of Business Management & Research has been rated 4.1 on placements.

Hi.Universal AI University admissions are offered based on entrance exam scores. The college considers Class 12 with at least 65% marks for admission in UG courses. Whereas, undergraduate degree scores are considered for admission in postgraduate courses.

Universal AI University accepts CAT/CMAT/GMAT/NMAT/CET entrance exam scores to provide admission to PGDM and MBA programme.

Universal Ai University, Karjat UG admission into B.Des, BBA, BA (Hons) is done based on the UBSAT test followed by an interview process

Thanks 

.

MBA is one of the popular courses of Amity Mumbai. After completing MBA from Amity University Mumbai, students will be open to multiple job opportunities. The final placement report is yet to be released for the batch passing out in 2023. However, the university has released the NIRF report 2023 on its official website. According to the NIRF report 2023, 198 MBA students were placed during Amity University Mumbai placements 2022. Further, the median package offered to MBA students during Amity Mumbai placements 2022 was INR 6.50 LPA. The top recruiters of Amity University Mumbai during the past years included HCL, Airtel, TCS, Infosys, Amazon, Deloitte, Wipro, etc. 

Check other MBA Colleges in Mumbai

The last date to apply for the MBA course at SDA Bocconi Asia Center is March 21, 2025 (Round 3 Submission Deadline). The admission dates are already out for the first two admission rounds. Candidates with valid qualifications can visit the official website of SDA and begin the online application process for the academic year 2025.