Tasbiya KhanSenior Executive
Top MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
There are about 5 top MBA colleges in Mumbai. Of these, 3 colleges are privately owned and 1 college is owned by public/government organisations. CAT, CMAT, MAH CET, NMAT, XAT, etc. are some of the most accepting entrance exams in top MBA colleges in Mumbai. IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, KJ Somaiya Institute of Management, Welingkar Mumbai, etc. are some of the best MBA colleges in Mumbai.
Latest Update:
-
ATMA 2025 Feb session registrations are ongoing for admission to MBA/MMS/PGDM courses, and the last date to apply has been extended to Feb 11, 2025. Also, the ATMA 2025 Feb session exam date is rescheduled to Feb 23, 2025.
- The MAH MBA CET 2025 registrations are open for admission to MBA/PGDM and MMS courses, and the last date to apply has been extended to Jan 31, 2025. The MAH MBA CET 2025 exam date is Apr 1, 2, and 3, 2025.
- The MAT 2025 registration process for the Feb session is open for PBT and CBT; the last date to apply is Mar 2 and Mar 9, 2025, respectively. Further, MAT 2025 PBT and CBT will be scheduled on Mar 9 and Mar 23, 2025, respectively.
- Top MBA Colleges in Mumbai: Highlights 2025
- Top MBA Colleges in Mumbai with NIRF Ranking 2024
- Top MBA Colleges in Mumbai: Admissions 2025
- Top MBA Colleges in Mumbai: Exam Schedule 2025
- 4.1 What are the most popular entrance exams accepted by top MBA colleges in Mumbai?
- Top Private MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Exams, Eligibility
- Top Govt. MBA Colleges in Mumbai: Fees, Admission, Exams, Eligibility
- Top MBA Colleges in Mumbai: Courses and Fees
- Top MBA Colleges in Mumbai: Fees vs Salary
- Highest Salary Offered by Top MBA Colleges in Mumbai
- Cost of Studying at Top MBA Colleges in Mumbai
- Specialisations Offered by Top MBA Colleges in Mumbai
- Top MBA Colleges in Mumbai: Cutoff 2025
- Top MBA Colleges in Mumbai: Comparison
Top MBA Colleges in Mumbai: Highlights 2025
A postgraduate degree curriculum called the Master of Business Administration (MBA) offers advanced management and business training. The course will give students the knowledge and abilities they need to be successful in leadership positions. MBA programmes provide a strong emphasis on helping students improve their analytical, critical-thinking, and decision-making abilities. Students who pursue an MBA can benefit from improved teamwork and communication skills.
The key highlights related to the top MBA colleges in Mumbai are mentioned below:
| Parameters |
Particulars/Statistics |
|---|---|
| Number of MBA Colleges |
5 |
| Annual Fees |
INR > 5 lakh: 5 colleges |
| Top MBA Institutes in Mumbai |
IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, KJ Somaiya Institute of Management, Welingkar Mumbai, etc. |
| Top Specialisations |
Finance, Human Resources, Sales and Marketing, Supply Chain, etc. |
| Accepted Entrance Exams |
Disclaimer: This information is sourced from the official website and may vary.
Predict your chances here: MBA Cutoff 2024 Predictor
Top MBA Colleges in Mumbai with NIRF Ranking 2024
The NIRF (National Institutional Ranking Framework) ranking is an annual ranking system implemented by the Ministry of Education, Government of India. It aims to evaluate and rank higher education institutions in India based on various parameters such as teaching, learning, research, graduation outcomes, perception, and more. The NIRF rankings provide a comprehensive assessment of institutions across different disciplines, including MBA colleges.
Among the top 10 MBA colleges in Mumbai, some of the top colleges for MBA Mumbai along with their NIRF ranking for 2022, 2023, and 2024 are mentioned below:
| Top Colleges |
NIRF 2022 |
NIRF 2023 |
NIRF 2024 |
|---|---|---|---|
| IIM Mumbai (formerly known as NITIE) Ranking | 9 | 7 | 6 |
| 21 |
20 |
20 | |
| SVKM`s Narsee Monjee Institute of Management Studies Ranking |
25 |
21 |
21 |
| K J Somaiya Institute of Management Studies and Research 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.
READ MORE: MBA Courses
Top MBA Colleges in Mumbai: Admissions 2025
Here are some general eligibility criteria commonly observed by colleges for MBA Mumbai:
- Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
- Many MBA colleges in Mumbai consider scores from national-level entrance exams such as CAT, CMAT, NMAT, MAH CET, etc. Candidates are required to meet the minimum cutoff scores set by the respective colleges.
Top MBA Colleges in Mumbai: Exam Schedule 2025
The most popular entrance exams accepted by top MBA colleges in Mumbai are as follows:
- MAH CET: Maharashtra Common Entrance Test or MAH CET is a management entrance test. Officially known as MAH MBA/MMS-CET, the exam is conducted by the State Common Entrance Test Cell, Maharashtra, for admission to management courses in various institutes in the state of Maharashtra.
- CAT: The 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.
- CMAT: The Common Management Admission Test (CMAT) is a business aptitude test conducted by the National Testing Agency (NTA) for admission to MBA/PGDM courses. The CMAT is one of the most popular MBA entrance exams in India. About 70,000 candidates appear for the CMAT every year. CMAT score is accepted by about 1,300 B-schools (government and private) in India including Great Lakes Institute of Management, JBIMS, SIMSREE, K J Somaiya Mumbai, Welingkar Mumbai and PUMBA. The CMAT question paper consists of 100 questions from Quantitative Techniques & Data Interpretation, Logical Reasoning, Language Comprehension, General Awareness and Innovation and Entrepreneurship.
Listed below are the following admission dates for the best MBA college in Mumbai along with their schedule:
| Exam Name |
Dates |
Schedule |
|---|---|---|
| MAH CET 2025 Exam |
01 Apr '25 - 03 Apr '25 |
|
| ATMA 2025 Exam |
23 Feb '25 |
|
| CAT 2025 Exam |
TENTATIVE |
|
| MAT CBT Exam 2025 | 23 Mar '25 | |
| XAT 2025 Exam |
completed |
|
| CMAT 2025 Exam |
25 Jan '25 |
What are the most popular entrance exams accepted by top MBA colleges in Mumbai?
Listed below are the various entrance exams accepted by the best colleges for MBA Mumbai along with their number of colleges and cut-off predictor:
| Exams |
Number of Colleges |
Cut off Predictor |
|---|---|---|
| CAT |
4 |
|
| CMAT |
2 |
|
| XAT |
2 |
|
| MAH CET |
1 |
|
| ATMA |
1 |
READ MORE About Entrance Exam Accepting Colleges:
- Top MBA Colleges Accepting CAT
- Top MBA Colleges Accepting TANCET MBA
- Top MBA Colleges Accepting XAT
- Top MBA Colleges Accepting MAT
Are you preparing for CAT, CMAT, and MAT Mock Tests? Click on the below link:
- Free Online CAT Mock Test Series
- Download CAT Previous Years Question Papers
- Free Online CMAT Mock Test Series
- Free Online MAT Mock Test Series
Top Private MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Exams, Eligibility
Among the top 10 MBA colleges in Mumbai, the table below shows some of the private best colleges for an MBA in Mumbai along with their total tuition fee/seat intake and eligibility criteria/entrance exams:
| Private Colleges |
Total Tuition Fee/Seat Intake |
Entrance Exams/Eligibility |
|---|---|---|
| INR 24 lakh Seats: 880 |
Exams: GMAT, CAT, MAT, etc. Eligibility: Graduation with 50% aggregate |
|
| INR 21 lakh Seats: 660 |
Exams: XAT, CAT, MAT, etc. Eligibility: Graduation with 50% aggregate |
|
| INR 14 lakh Seats: 16,250 |
Exams: XAT, CAT, CMAT, MAT, etc. Eligibility: Graduation with 50% aggregate |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
Top Govt. MBA Colleges in Mumbai: Fees, Admission, Exams, Eligibility
Among the top 10 MBA colleges in Mumbai, the table below shows some of the government best colleges for an MBA in Mumbai along with their total tuition fee and eligibility criteria/entrance exams:
| Public/Govt. Colleges |
Total Tuition Fee/Seat Intake |
Entrance Exams/Eligibility |
|---|---|---|
| IIM Mumbai Admission | INR 14 lakh | Exams: CAT Eligibility: Graduation with 50% aggregate |
Read more MBA course:
To learn more about MBA colleges in different locations, click on the link given below:
- Top MBA Colleges in Pune
- Top MBA Colleges in Nagpur
- Top MBA Colleges in Maharashtra
- Top MBA Colleges in Uttar Pradesh
Top MBA Colleges in Mumbai: Courses and Fees
The table below shows the various courses offered by the top MBA colleges in Mumbai along with their tuition fees:
| College Names | Courses Offered | Tuition Fee |
|---|---|---|
| SPJIMR Mumbai | Online PGDM, PGPM, PGPGM, etc. | INR 24 lakh |
| K J Somaiya Institute of Management | MBA in Healthcare Management, MBA in Sports Management, etc. | INR 17 lakh |
| Welingkar Mumbai | PGDM in Finance Management, PGDM in HRM, PGDM in Healthcare Management, etc. | INR 14 lakh |
Disclaimer: This information is sourced from the official website.
Top MBA Colleges in Mumbai: Fees vs Salary
Return on Investment (ROI) measures the advantage or profit you will receive from a certain course. Return on Investment (ROI) measures the profit or advantage you will receive if you enroll in a degree at a specific university. It evaluates the candidate's return on investment for the fees paid while they were studying and the return they received in the form of placements.
The table below shows the best MBA degree colleges in Mumbai along with their total tuition fees and annual average package:
| College Names |
Total Tuition Fee |
Annual Average Package |
|---|---|---|
| Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai MBA | INR 23 lakh | INR 21 LPA |
| INR 24 lakh |
INR 30 LPA |
|
| INR 14 lakh |
INR 10 LPA |
Disclaimer: This information is sourced from the official website.
Highest Salary Offered by Top MBA Colleges in Mumbai
The table below shows the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:
| College Names | Average Placement Package | Prominent Recruiters |
|---|---|---|
| SPJIMR Placements | INR 30 LPA | Castrol, KPMG, Barclays, Godrej, etc. |
| Welingkar Mumbai Placements | INR 10 LPA | Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc. |
Disclaimer: This information is sourced from the official website.
Cost of Studying at Top MBA Colleges in Mumbai
Pursuing MBA courses in Mumbai is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below are the names of Top MBA Colleges in Mumbai along with their total tuition fee structure:
| Fee Range |
Names of Colleges |
|---|---|
| INR > 5 lakh |
IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, etc. |
Specialisations Offered by Top MBA Colleges in Mumbai
In Mumbai, the MBA degree is offered in various specialisations. See the table below for a detailed overview of the top specialisations offered by the top MBA institutes in Mumbai:
| Top Specialisations |
Number of Colleges |
|---|---|
| Finance |
3 |
| Sales & Marketing |
3 |
| Operations |
2 |
| Human Resources |
2 |
| IT & Systems |
1 |
Top MBA Colleges in Mumbai: Cutoff 2025
The table below shows the cut-off for 2024 of the best MBA colleges in Mumbai:
- NMIMS School of Business Management Cutoff 2024
- IIM Mumbai (formerly known as NITIE) Cutoff 2024
- SP Jain (SPJIMR) Cutoff 2024
- K J Somaiya Institute of Management Cutoff 2024
Top MBA Colleges in Mumbai: Comparison
Listed below is the comparison of the best MBA colleges in Mumbai:
1. Indian Institute of Management Mumbai
2. S.P. Jain Institute of Management and Research, Mumbai
Commonly asked questions On Top MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q: How many top ranked MBA colleges in Mumbai?
There are about 5 top MBA colleges in Mumbai. Of these, 3 colleges are privately owned and 1 college is owned by public/government organisations. CAT, CMAT, MAH CET, NMAT, XAT, etc. are some of the most accepting entrance exams in top MBA colleges in Mumbai. IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, KJ Somaiya Institute of Management, Welingkar Mumbai, etc. are some of the best MBA colleges in Mumbai.
Q: Which is the No. 1 MBA college in Mumbai as per NIRF 2024?
IIM Mumbai emerged to be as the No. 1 MBA college in Mumbai followed by other colleges. LIsted below are some of the colleges along with their NIRF ranking over the past three years, i.e. from 2022 to 2024:
College Names | NIRF 2022 | NIRF 2023 | NIRF 2024 |
|---|---|---|---|
9 | 7 | 6 | |
21 | 20 | 20 | |
SVKM`s Narsee Monjee Institute of Management Studies Ranking | 25 | 21 | 21 |
K J Somaiya Institute of Management Studies and Research 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.
READ MORE: MBA Courses
Q: What are the top MBA colleges in Mumbai as per Outlook rankings 2024?
Jamnalal Bajaj Institute of Management Studies emerged to be the only top MBA college in Mumbai as per Outlook rankings 2024:
| Top College | Outlook Rankings 2024 |
|---|---|
| Jamnalal Bajaj Institute of Management Studies | 10 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Q: What is the scope of MBA?
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 the manager or executive in term 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.
Some job profiles are listed here:
- Brand Manager
- Account Manager
- International Business Manager
- Marketing Executive
- Business Technical Consultant
All the best.
Q: What are the top MBA colleges in Mumbai as per Business Today rankings 2024?
SPJIMR Mumbai emerged to be as the top MBA college in Mumbai as per Business Today rankings 2024 followed by other colleges. Listed below are some colleges along with their Business Today rankings 2024:
| Top Colleges | Business Today Rankings 2024 |
|---|---|
| Jamnalal Mumbai | 3 |
| NMIMS School of Business Management Mumbai | 8 |
| Jamnalal Bajaj Institute of Management Studies | 20 |
| KJ Somaiya Institute of Management | 25 |
| SIMSREE | 34 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
3. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
4. K J Somaiya Institute of Management
Commonly asked questions On Top MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q: Is it worth joining the top ranked MBA colleges in Mumbai?
Joining the top ranked MBA colleges in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some colleges along with their tuition fees and average placement package:
College Names | Total Tuition Fee | Annual Average Package |
|---|---|---|
| Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai MBA | INR 23 lakh | INR 21 LPA |
INR 24 lakh | INR 30 LPA | |
INR 14 lakh | INR 10 LPA |
Disclaimer: This information is sourced from the official website.
Q: What is MBA salary after completing the course?
The annual salary for MBA graduates in India can vary significantly based on several factors such as the reputation of the business school they're graduating from, the MBA specialisation they have chosen, do they have any work experience or not, their preferred job location, and the industry in which they find employment.
Here's a general idea of the salary levels for MBA graduates in India across different experience levels:
· Entry-Level: INR 4-12 LPA
· Mid-Level: INR 8-25 LPA
· Senior-Level: INR 15-50 LPA
Q: What are the top ranked MBA colleges in Mumbai with good placements?
The table below shows the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:
| College Names | Average Placement Package | Prominent Recruiters |
|---|---|---|
| SPJIMR Placements | INR 30 LPA | Castrol, KPMG, Barclays, Godrej, etc. |
| Welingkar Mumbai Placements | INR 10 LPA | Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.. |
Disclaimer: This information is sourced from the official website.
Q: Can I get admission to NMIMS SBM without NMAT?
No, for NMIMS School of Business Management MBA admission it is mandatory to appear for the NMAT by GMAC™ national entrance test. Candidates seeking admission to the MBA course must complete the NMAT registration process before proceeding with the NMIMS application process. NMIMS School of Business Management admission to MBA courses is based on valid NMAT scores only.
Q: What are the various courses offered by the top ranked MBA colleges in Mumbai?
The table below shows the various courses offered by the top MBA colleges in Mumbai along with their tuition fees:
| College Names | Courses Offered | Tuition Fee |
|---|---|---|
| PGDM Mumbai | Online PGDM, PGPM, PGPM,0 etc. | INR 24 lakh |
| K J Somaiya Institute of Management | MBA in Healthcare Management, MBA in Sports Management, etc. | INR 17 lakh |
| Welingkar Mumbai | PGDM in Finance Management, PGPM,0 in HRM, PGPM,0 in Healthcare Management, etc. | INR 14 lakh |
5. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Other popular MBA/PGDM colleges in Mumbai
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