Best MBA Colleges in Mumbai (All): Fees, Admission 2026, Courses, Salary, Ranking

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

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

There are about 190+ best MBA colleges in Mumbai. Of these, 137 colleges are privately owned and the public/government organisations own 11 colleges. CAT, XAT, and CMAT are the most accepting entrance exams in top MBA colleges in Mumbai. National Institute of Industrial Engineering, IIDE Mumbai, IIT Bombay, ITM Business School Navi Mumbai, SPJIMR, NMIMS Mumbai, K J Somaiya Institute of Management,  are some of the popular MBA institutes in Mumbai (All).

The table below shows the top MBA colleges in Mumbai (All) that accept MAH CET score along with their total tuition fees:

Disclaimer: This information is sourced from the official website.

SPJIMR shortlists candidates for its flagship programme i.e. PGDM based on their profiles. The profiles are evaluated, and the applicants are sorted into two groups: Profile-based and Profile-cum-Score-based. In the first phase, candidates shortlisted based on their profile are called for a Personal Interview (PI). However, the second phase is held after the availability of entrance test scores. That means, the institute accepts entrance exam scores as well for admission. The accepted entrance exam for PGDM is CAT/ GMAT. For admission to FPM, aspirants need to appear for Research Aptitude Test followed by a personal interview round. The institute shortlists candidates for admission to GMP based on scores of the candidates in CAT, GMAT, GRE, etc. 

Private MBA colleges like SPJIMR offered the highest placement package ranging between INR 23 LPA - INR 31 LPA, and the prominent recruiters include TCS, Deloitte, Accenture, Mahindra, HUL, P&G, etc. Below is the list of MBA Colleges in Mumbai along with their average package and list of prominent recruiters:

Hope this information proves beneficial for you!!

A few private management institutes in Mumbai and its surrounding regions do offer low-cost MBA programmes for less than INR 1 Lakh and between INR 1 and 2 Lakh. You can check these.  

Also Read: MBA Preparation Tips

Hi, to assess the worth of joining an MBA college in Mumbai, you should go through its Return on Investment (ROI). The table below shows some of the top MBA colleges in Mumbai along with their total tuition fees and average placement package:

Disclaimer: The above statistics are based on the latest data.

Hope this information proves beneficial for you!

SPJIMR is one of the leading Management institutes in India and offers good placements. The key highlights of SPJIMR placements over the past three years for PGDM program are presented below:

Note: Placement data 2024 and 2025 is the combined data for PGDM and PGDM BM

No, you can't avail PGDM course at 70 percentile, you should atleast have 85 percentile in CAT. As per the Welingkar Mumbai CAT cutoff 2024, the last-round Post Graduate Diploma in Management (PGDM) course stood at 85 for admission to institute for the General category students in the All India quota. So, the assumed expected cutoff for the upcoming admission session 2025 can stood at 85 for the General AI category candidates. Although, it is an estimated guess and the NEET cutoff is subject to many factors such as competition, difficulty level of the exam, and previous year trend.  

Welingkar Mumbai offers decent placements annually to its PGDM students. The overall national Welingkar Mumbai average package offered during the 2025 placement drive stood at INR 11.68 LPA. The course-wise average package received during Welingkar Mumbai placements 2025 is presented below: