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:

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.

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:

College Names	Total Tuition Fees
SBM NMIMS Mumbai	INR 8 Lacs - INR 24 LPA
K J Somaiya Institute of Management	INR 17 lakh
ITM Business School Navi Mumbai	INR 12 lakh
MET Institute of Management	INR 3 lakh
Amity Global Business School	INR 7 lakh

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. 

IIM Mumbai is one of the premier Management Institutes in India. The past three-year placement trends suggest that the highest package offered during IIM Mumbai placements stand between INR 49 LPA and INR 78 LPA.

Further, the salary package offered during IIM Mumbai placements 2024 is presented below:

Particulars	Placement Statistics (2024)
the highest package	INR 54 LPA
Top 10% average package	INR 47.29 LPA
Top 20% average package	INR 40.71 LPA
Top 50% average package	INR 33.84 LPA
Average package (for PPOs)	INR 29.44 LPA
Median package (for PPOs)	INR 28 LPA

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:

College Names	Average Package	Top Recruiters
DY Patil University School of Management Placements	INR 5 LPA	Sony, Capgemini, Jio, Adani Group, ICICI Bank, Pfizer, ONGC, etc.
SIES College of Management Studies Placements	INR 8 LPA	Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, etc.
SPJIMR Placements	INR 23 LPA - INR 31 LPA	TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, etc.
SBM NMIMS Placements	INR 21 LPA	Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC, etc.

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.  

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

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:

College Names	Total Tuition Fee	Average Median Package
DY Patil University School of Management MBA	INR 10 lakh	INR 5 LPA
SIES College of Management Studies MBA	INR 5 lakh - INR 7 lakh	INR 8 LPA
SPJIMR MBA	INR 15 lakh - INR 24 lakh	INR 23 LPA - INR 31 LPA
SBM NMIMS MBA	INR 13 lakh - INR 25 lakh	INR 21 LPA

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

Hope this information proves beneficial for you!

Getting admission into SP Jain PGDM programme requires candidates to follow some steps.

• The first step is to register for the PGDM programme by paying an application fee of INR 2,000.
• Second step is evaluation of entrance exam score. Candidates need to qualify CAT/ GMAT for admission to PGDM. Selected candidates are further called for a personal interview round. Candidates can check out CAT preparation tips to score well in exam. 
• The final selection is based on academic performance, work experience, entrance exam score of the candidates.

Aspirants completing all the steps can get into PGDM programme of SPJIMR. The institute follows a simple process of offering admission. However, aspirants must score decent to get admission.

To get admission in a two-year MBA at NMIMS Mumbai, candidates need to meet the eligibility criteria. Candidates with a UG degree passed with minimum 50% to 55% aggregate can apply. Admission to MBA is based on a valid score of NMAT entrance exam. For final selection, performance in competency test and PI is considered.

SPJIMR is one of the leading Management institutes in India and offers good placements. The key highlights of SPJIMR placements for PGDM and PGDM BM Class of 2026 are presented below:

Particulars	Placement Statistics (2026)
Highest package	INR 75 LPA
Average package	INR 33.75 LPA
Median package	INR 32.85 LPA
Placement rate	100%
Total PPOs	46%
Companies visited	80
First-time recruiters	31
Total students	356

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:

Course	Domestic Average Package (2025)	International Average Package (2025)
PGDM	INR 11.7 LPA	INR 18.14 LPA
PGDM E Business	INR 11.69 LPA	INR 20.23 LPA
PGDM Business Design	INR 11.12 LPA	NA
PGDM HCM	INR 19.04 LPA	NA
PGDM Retail Management	INR 11.07 LPA	INR 16.15 LPA
PGDM Rural Management	INR 10.86 LPA	INR 16.77 LPA
PGDM Media & Entertainment	INR 9.74 LPA	INR 28.87 LPA
PGDM Research and Business Analytics	INR 12.52 LPA	INR 20.81 LPA

Candidates must complete all the eligibility requirements stated by the institute to get admission in PGDM at Welingkar Mumbai. Check below the eligibility criteria:

• Graduation with a minimum aggregate of 50%
• CAT/ XAT/ GMAT/ MAT/ ATMA scores
• WeSchool's unique profile-based selection process assigns significant value to academic performances, work experience, group discussion, personal interview, along with the written test scores. 

Yes, you can join Amity Global Business School Mumbai for an MBA program without taking the CAT exam. To get admission to Amity Global Business School for an MBA, the candidate must have at least 50% marks in graduation in any stream from any recognized university/institute. You will have to appear for the MAH CET exam.

The selection criteria for PGDM admission at Vivekanand Business School is based on a unique profile-based selection process. It evaluates applicants on various parameters, such as academic performances, entrance exam scores, performance in personal interview and extracurricular activities. Importance is given to every aspect of the application. The weightage given to various selection parameters is as follows:

Weightage of Selection Parameters
Qualifying Entrance Exam (CAT/XAT/MAT/ATMA/CMAT/GMAT/MAH-CET)	35%
Past Academic Performance	10%
Personal Interview	45%
Work Experience	5%
Extracurricular activities (Awards in Sports, Work experience, Competitions at Degree College and above, etc.)	5%

The total tuition fees for PGDM is INR 7.80 lakh at Aditya School of Business Management. Candidates also need to pay INR 10,000 as refundable caution deposity. Aspirants need to pay INR 50,000 to block the seat after getting admission confirmation.

The course-wise average package offered during SBM NMIMS MBA placements 2024 and 2023 are presented below:

Course	Average Package
MBA	INR 25.13 LPA (2024)
MBA HR	INR 18.64 LPA (2024)
MBA Pharmaceutical Management	INR 10.4 LPA (2024)
MBA Digital Transformation	INR 15.9 LPA (2023)
MBA Business Analytics	INR 17.85 LPA (2023)

According to the placement report published by NMIMS on its official website, MBA (general/core) yielded the best ROI at 1 year. The second best was for NMIMS MBA Business Analytics at 1.3 years.

ITM Navi Mumbai is a part of the ITM Group of Institutions and was established in 1991. ITM Business School offers the AIU and UGC-approved MBA programmes from ITM Skills University. To get admission to this approved college, candidates must have valid scores in entrance tests such as  MAT, XAT, CAT, NMAT, CMAT, ATMA, and others. If applying through CAT, candidates must prepare according to the CAT syllabus and must give as many mock tests as possible. 

MBA students are awarded with a scholarship based on CAT/ MAT percentile or GMAT/ GRE score. Details for the same are given in the table below:

Scholarship	Minimum CAT/ MAT Percentile	GMAT/ GRE Score
100%	90	GMAT: 650, GRE: 161
50%	85	GMAT: 600, GRE: 157
25%	75	GMAT: 450, GRE: 149

Note: For all MBA Scholarship scores pertaining to 2023/ 2022/ 2021/ 2020/ 2019 are applicable.

MBA stands for Master of Business Administration.GNIMS stands for Guru Nanak Institute of Management Studies.

Is MBA at DY Patil University School of Management better than GNIMS Business School? it depends on various factors, such as your preferences, goals, interests, and expectations. Both DY Patil University School of Management and GNIMS Business School are reputed management institutions in Mumbai. In 2022 DY Patil University School of Management ranked 198 out of 281 and GNIMS Business School ranked 198 out of 281 this means that both institutions have similar rankings and reputations. The package offered by DY Patil University School of Management is 6-20LPA, while GNIMS Business School is 4-6LPA. This means that DY Patil University School of Management has a higher placement record and salary range than GNIMS Business School.

The total seats offered for MBA/PGDM at MET Institute of Management and SIES College of Management Studies are 360 and 210, respectively. While MET Institute of Management offers this course in 4 specialisations, SIES College of Management Studies offers the same in 2 specialisations. Hence, there are higher chances of getting a seat at MET Institute of Management due to higher seats.

NL Dalmia College offers PGDM, PGDM in Finance, and PGDM in Business Analytics. It allows candidates to have greater flexibility while choosing the programme. The admission procedure is entrance-based at the college.