Tasbiya KhanSenior Executive
Top MBA Colleges in Mumbai: Ranking 2025, Fees, Admissions, 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:
- 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.
- The MAH MBA CET 2025 registrations are open for admission to MBA/PGDM and MMS courses, and the last date to apply is Jan 25, 2025. The MAH MBA CET 2025 exam will be held on Mar 17, 18, and 19, 2025.
- The XAT 2025 exam will be conducted on Jan 5, 2025.
- The CMAT 2025 exam will be held on Jan 25, 2025.
Table of Contents
- 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
- 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 2024
- Top MBA Colleges in Mumbai: Comparison
- Top MBA Colleges in Mumbai FAQs
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 |
Mar '25 |
|
ATMA 2024 Exam |
22 Dec '24 |
|
CAT 2024 Exam |
24 Nov '24 |
|
MAT CBT Exam 2025 | 23 Mar '25 | |
XAT 2025 Exam |
5 Jan ‘25 |
|
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 97 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 32 lakh |
|
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 Name | Average Placement Package | Prominent Recruiters |
---|---|---|
SPJIMR Placements | INR 32 lakh | 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 2024
The table below shows the cut-off 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
3. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
4. K J Somaiya Institute of Management
5. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Other popular MBA/PGDM colleges in Mumbai
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Top MBA Colleges in Mumbai FAQs
Q: How many MBA colleges are there in Mumbai?
A: 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?
A: To determine the No. 1 MBA college in Mumbai, you need to go through its NIRF ranking over the past three years, i.e. from 2022 to 2024:
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 |
Q: Is it worth doing an MBA from Mumbai?
A: Joining MBA colleges in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the top MBA colleges in Mumbai along with their fees and average placements:
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 32 lakh |
|
INR 14 lakh |
INR 10 LPA |
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: Is it possible to get into SP Jain School of Global Management's MBA programme without work experience?
A: To apply for the SP Jain Global MBA program, applicants must have past academic performance and work experience. The programme is full-time and does not permit students to work and study at the same time. However, if an applicant has more than 3 years of work experience and wishes to pursue a part-time MBA, they can apply for SP Jain’s Executive MBA. The Master of Global Business programme requires applicants to have an undergraduate degree and 3+ years of work experience.
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: Can I get admission to NMIMS SBM without NMAT?
A: 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 MBA colleges in Mumbai?
A: 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 |
Q: What are the top MBA colleges in Mumbai with good placements?
A: The table below shows the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:
College Name | Average Placement Package | Prominent Recruiters |
---|---|---|
SPJIMR Placements | INR 32 lakh | Castrol, KPMG, Barclays, Godrej, etc. |
Welingkar Mumbai Placements | INR 10 LPA | Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc. |
Q: What is the eligibility criteria for admission to top MBA colleges in Mumbai?
A: Here are some general eligibility criteria commonly observed by MBA colleges in 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.
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 top MAH CET accepting MBA colleges in Mumbai?
A: The table below shows the top MAH CET accepting MBA colleges in Mumbai along with their total tuition fees:
College Name | Total Tuition Fee |
---|---|
NMIMS Mumbai | INR 12 lakh |
K J Somaiya Institute of Management | INR 17 lakh |
Q: What are the various specialisations offered by top MBA colleges in Mumbai?
A: 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 |
Q: What are the top private MBA colleges in Mumbai?
A: Refer to the table below for a detailed overview of the top private MBA colleges in Mumbai along with their total tuition fees/seat intake and accepted entrance exams/eligibility criteria:
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 97 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 |
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.
Q: Is MBA course helpful in stock market?
A: Yes, an MBA course can be very helpful for a career in the stock market and finance in general. While an MBA doesn't focus solely on the stock market, it equips students with a range of skills and knowledge that are highly relevant in this field. Courses like MBA in Finance will help you gain insight about the stock market wherein you can learn about topics like financial analysis, portfolio analysis, corporate finance and strategic planning.
While an MBA provides a solid foundation, it's important to note that practical experience, continuous learning, and staying updated with market trends are equally vital in the stock market.
Q: What are the top government MBA colleges in Mumbai?
A: The table below shows the top government MBA colleges in Mumbai along with their total tuition fees:
College Name | Tuition Fee |
---|---|
IIM Mumbai Admission | INR 14 lakh |
Q: Is SP Jain good for PGDM?
A: PGDM is the flagship programme of SPJIMR. Financial Times Master's in Management ranks SPJIMR at 1 in India 40 globally for PGDM. It is a recognised course globally. Candidates can pursue PGDM General or in Business Management. Talking about placements, the the highest and average package offered during SPJIMR PGDM placements 2024 stood at INR 81 LPA and INR 33 LPA, respectively. Further, the placement rate recorded during SPJIMR PGDM placements 2024 was 100%.