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Top MBA Colleges in Mumbai 2026: Fees, Admissions, Ranking, Placements
If you’ve come to choose from the top MBA colleges in Mumbai rank-wise, read along.
Fine-tune your leadership education in your preferred domain in 2026. This list of the official NIRF Management Rankings 2025 and the latest Outlook-ICARE Rankings 2026 includes other promising business schools in the financial centre of India, beyond the popular IIM and SJMSoM of IIT Bombay.
Here, you will explore:
- Which of the top-ranking MBA Colleges in Mumbai have recorded the highest placements (above INR 20 LPA)
- Institutes that are under Mumbai University, or private, and accept MAH CET, CMAT, or MAT, and other qualifying exams beyond CAT
- Top MBA Colleges in Mumbai: Highlights
- 1.1 Top 6 MBA Colleges in Mumbai in NIRF Ranking 2025
- Top MBA College in Mumbai: Outlook-ICARE India's Top 20 B-Schools
- Top MBA Colleges in Mumbai: Entrance Schedule 2026
- Top Private MBA Colleges in Mumbai: Fees and Programmes Offered
- Top Government MBA Colleges in Mumbai: Admission and Fees
Top MBA Colleges in Mumbai: Highlights
Candidates can see the table below for important highlights:
| Parameters |
Details |
|---|---|
| Number of Top-Ranked MBA Colleges in Mumbai |
7 (NIRF and Outlook-ICARE) |
| Fee Structure |
Above INR 5 Lakh |
| Top 5 MBA Institutes in Mumbai |
|
| Top Specialisations |
|
| Accepted Entrance Exams |
|
| Median Packages |
INR 11 LPA and above |
Source: Official sites and can change.
Top 6 MBA Colleges in Mumbai in NIRF Ranking 2025
Compare these six B-school rankings in Mumbai with the top MBA colleges in India. Compare the packages too, and observe that the ones in the top 20 rank have median salaries above 20 LPA, while the ones below gradually have lower salaries.
| College Name |
NIRF 2025 |
Placement data (Median or Highest Salaries) |
|---|---|---|
| Indian Institute of Management, Mumbai |
6 |
INR 54 LPA (Highest) |
| Indian Institute of Technology, Bombay |
14 |
INR 26 LPA (Median) |
| S. P. Jain Institute of Management & Research |
20 |
INR 30 LPA (Median) |
| SVKM's Narsee Monjee Institute of Management Studies |
24 |
INR 20 LPA (Median) |
| K. J. Somaiya Institute of Management |
65 |
INR 12 LPA (Median) |
| PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) |
75 |
INR 11 LPA (Median) |
Source: From official college sites and NIRF data of 2025 for previous pass-out batches.
Top MBA College in Mumbai: Outlook-ICARE India's Top 20 B-Schools
Only one B-school of Mumbai made it this year's top 20 list in Outlook-ICARE's Top 20 B-schools category. Note that this institute offers a well-regarded MMS course with great placements.
| MBA College in Mumbai | Outlook-ICARE | Placement data (Median or Highest Salaries) |
|---|---|---|
| JBIMS, affiliated with Mumbai University |
18 |
INR 54 LPA (Highest) |
Top MBA Colleges in Mumbai: Entrance Schedule 2026
The entrances for the top Mumbai colleges for management have different schedules this year.
| Exam Name |
Exam Schedule |
|---|---|
| MAH CET |
|
| XAT |
|
| CMAT |
|
| ATMA |
Source: Official site and may vary.
Top Private MBA Colleges in Mumbai: Fees and Programmes Offered
The private management institutes offer MBA-equivalent programmes, like PGPM or PGDM. These are recognised by UGC.
| College Name | Average Course Fees | Programmes Offered |
|---|---|---|
| SPJIMR |
INR 24 Lakh |
|
| KJ Somaiya Institute of Management |
INR 21.34 Lakh |
|
| Prin. L. N. Welingkar Institute of Management Development and Research |
INR 14 Lakh |
Source: Official site and may vary.
Top Government MBA Colleges in Mumbai: Admission and Fees
You can see that IIM is the sole top-ranking government institute offering an MBA in Mumbai. Other than that, you have JBIMS, which is affiliated to Mumbai University.
| College Name | Average Course Fees |
|---|---|
| IIM Mumbai MBA Admission | ~ INR 14 Lakh |
| Mumbai University - affiliated JBIMS Admission | ~ INR 7 to 8 Lakh |
Source: Official site and may vary.
1. Indian Institute of Management Mumbai
2. Shailesh J. Mehta School of Management, IIT Bombay
3. S.P. Jain Institute of Management and Research, Mumbai
4. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
5. K J Somaiya Institute of Management
6. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Other popular MBA/PGDM colleges in Mumbai
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Top 10 in Mumbai