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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 6+ top MBA colleges in Mumbai comes from the official NIRF Management Rankings 2025 and the latest Outlook-ICARE Rankings 2026. It includes other promising business schools in the financial centre of India, beyond the popular IIM and SJMSoM of IIT Bombay.
Here, you will explore:
- Top MBA colleges in Mumbai with the best programmes and specialisations
- Which of the top MBA Colleges in Mumbai have recorded the highest placements (above INR 20 LPA), and how some have comparable average packages
- 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
- Top 6 MBA Colleges in Mumbai in NIRF Ranking 2025
- Top B-School in Mumbai: Outlook-ICARE India's Top 20 B-Schools
- Top MBA Colleges in Mumbai: Entrance Schedule 2026
- Top 4 Private MBA Colleges in Mumbai: Admission, Fees, and Programmes Offered
- Top 2 Government MBA Colleges in Mumbai: Admission, Fees, and Programmes Offered
Top MBA Colleges in Mumbai: Highlights
The top MBA colleges in Mumbai can offer many types of programes, some can be equivalent to the MBA degree, like PGDM and MMS. The ranking bodies provide rankings of the management schools all over India that offer various types os of post graduate programmes which are MBA in fulltime and executive modes, PGDM, or MMS.
| Parameters |
Details |
|---|---|
| Number of Top MBA Colleges in Mumbai |
7 (NIRF and Outlook-ICARE) |
| Fee Range |
INR 3 - 5 Lakh: 1 |
| Top 5 MBA Institutes in Mumbai (NIRF 2025) |
|
| 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 median salaries. The top MBA colleges in Mumbai with rankings and placements sourced from the official NIRF report of 2025 are listed here.
| College Name |
NIRF 2025 |
Placement data (Median or Highest Salaries) |
|---|---|---|
| 6 |
INR 54 LPA (Highest) |
|
| 14 |
INR 26 LPA (Median) |
|
| 20 |
INR 30 LPA (Median) |
|
| SVKM's Narsee Monjee Institute of Management Studies Ranking |
24 |
INR 20 LPA (Median) |
| 65 |
INR 12 LPA (Median) |
|
| PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking |
75 |
INR 11 LPA (Median) |
Source: From official college sites and NIRF data of 2025 for previous pass-out batches.
Top B-School 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. It's also one of the best MMS colleges in Mumbai, with specialisations available in Human Resources Development, Information Management, and Marketing Management. Mumbai University affiliates all the programmes here.
| B-School in Mumbai | Outlook-ICARE | Average Package |
|---|---|---|
| JBIMS, affiliated with Mumbai University |
18 |
INR 26.48 LPA |
Top MBA Colleges in Mumbai: Entrance Schedule 2026
The entrances for the top Mumbai colleges for management have different schedules this year. The best MBA colleges in Mumbai will require good percentile scores in all the following exams.
| Exam Name |
Exam Schedule |
|---|---|
| MAH CET |
|
| XAT |
|
| CMAT |
|
| ATMA |
Source: Official site and may vary.
Top 4 Private MBA Colleges in Mumbai: Admission, Fees, and Programmes Offered
The best MBA colleges in Mumbai that are private offer MBA-equivalent programmes, like PGDM. MMS is another offering. All these are recognised by UGC. These are tier 1 MBA colleges in Mumbai, with a great number of accreditations, including AACSB, NBA, and SAQS. For instance, the SPJIMR CAT cutoff for its PGDM in Business Management course is the 85th percentile. K. J. Somaiya and Welingkar have similar CAT cutoffs. Fee-wise, the top MBA colleges in Mumbai have some differences based on the specialisaitons and programme modes available.
| College Name | Average Course Fees | Top Programmes Offered |
|---|---|---|
| INR 16 Lakh to 22+ Lakh |
||
| INR 13.5 Lakh to 23.5 Lakh |
||
| Prin. L. N. Welingkar Institute of Management Development and Research Admission |
INR 1.7 Lakh to 14 Lakh |
|
| NMIMS Admission | INR 18 Lakh to 23 Lakh |
Source: Official site and may vary.
Top 2 Government MBA Colleges in Mumbai: Admission, Fees, and Programmes Offered
You can see that IIM Mumbai and IIT Bombay's Management department are the top-ranking government institutes offering the best MBA courses in Mumbai. Through Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay offers an integrated MBA course with B. Tech and MBA of five years, along with a regular MBA of two years. IIM Mumbai has a lower cutoff of 80 and is lower than the top 3 IIMs. Learn about the admission process, average fees, and the best courses.
| College Name | Average Course Fees | Top MBA Courses |
|---|---|---|
| IIM Mumbai Admission | ~ INR 14 Lakh | MBA in Operations and Supply Chain Management |
| IIT Bombay Admission | INR 14.95 Lakh | B.Tech + MBA, 2-year MBA |
| 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
Commonly asked questions On Top MBA Colleges in Mumbai 2026: Fees, Admissions, Ranking, Placements
Prin L N Welingkar Institute of Management Development and Research and JBIMS are the top MBA colleges in Mumbai with low fees, as compared to the other institutes that rank. Note that these are shorter or MBA equivalent programmes offered at the postgraduate level. You can review the table.
| Top MBA College in Mumbai | Programme Type + Duration | Fee Range |
|---|---|---|
| Prin L N Welingkar Institute of Management Development and Research | Post Graduate Program in Foreign Trade Management (FTM) Duration: 11 months | INR 1.74 Lakh |
| JBIMS | JBIMS MMS courses Duration: 2 years | INR 7 Lacs to 8.1 Lakh |
Note: All info. is from official sites and can change.
The top 5 MBA colleges in Mumbai, ranked by NIRF 2025 for management education in India, are here.
College Name | NIRF 2025 |
|---|---|
6 | |
14 | |
20 | |
SVKM's Narsee Monjee Institute of Management Studies Ranking | 24 |
65 |
Note: All info. is from the official sites and can change.
No, candidates seeking admission to Narsee Monjee Institute of Management Studies need to appear for the course specific entrance exams conducted by the University. NMIMS also accepts several national-level entrance tests to admits students for UG, PG and PhD courses. Students qualify the eligibility criteria set by the institute for the desired programme.
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.
KJ Somaiya cutoff 2024 has been released for admission to the Management courses. During the 2024 cutoff, the CAT and XAT percetiles were 84 and 71, respectively for the General AI quota. For CMAT, the cutoff stood at 97.5. So, considering the previous year exam-wise cutoffs, yes, students with a cutoff percentile of 80 have moderate chances of getting a seat at K J Somaiya Institute of Management. Candidates can refer to the table below to check out the last three years cutoff trends for CAT, XAT and CMAT:
| Exam | 2022 | 2023 | 2024 |
|---|---|---|---|
| CMAT (percentile) | 95 | 95 | 97.5 |
| CAT (percentile) | 86 | 86 | 84 |
| XAT (percentile) | 84 | 84 | 71 |
The key highlights of KJ Somaiya Institute of Management placements are presented below:
Particulars | MBA Placement Statistics (2025) | MCA Placement Statistics (2025) |
|---|---|---|
Highest package | INR 23.03 LPA | INR 9.55 LPA |
Average package | INR 12.69 LPA | INR 4.67 LPA |
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.
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:
Particulars | PGDM Placement Statistics (2023) | PGDM Placement Statistics (2024) | PGDM Placement Statistics (2025) |
|---|---|---|---|
Highest package | INR 67.5 LPA | INR 81 LPA | INR 81 LPA |
Highest international package | INR 77.88 LPA | NA | INR 89 LPA |
Average package | INR 33.02 LPA | INR 33 LPA | INR 32 LPA |
Median package | INR 32.89 LPA | INR 31.5 LPA | INR 30.5 LPA |
Placement rate | 100% | 100% | 100% |
Total PPOs | 112 | 138 | 162 |
Companies visited | 63 | 72 | 86 |
First-time recruiters | 33 | 33 | 27 |
Total students | 237 | 292 | 336 |
Note: Placement data 2024 and 2025 is the combined data for PGDM and PGDM BM
MBA Tech highest and average package in 2025 was 27 LPA and 11.5 LPA. For BDes, highest and average salary was 26.4 LPA and 10.44 LPA. The highest and average package offered to BCom Hons students in 2025 was 22.55 LPA and 7.26 LPA.
Take a look at the table below depicting the NMIMS Mumbai placement package for 2024:
| Particulars | Placement Statistics (2024) |
|---|---|
| Highest package | - INR 67.70 LPA (MBA Core) - INR 25.02 LPA (MBA HR) - INR 26.49 LPA (MBA Tech) - INR 21 LPA (BPharma+MBA/ MPharma+MBA) - INR 13.34 LPA (BDes) |
| Average package | - INR 25.13 LPA (MBA Core) - INR 18.64 LPA (MBA HR) - INR 10.70 LPA (MBA Tech) - INR 9 LPA (BPharma+MBA/ MPharma+MBA) - INR 7.50 LPA (BDes) |
NMIMS placement percentage data is not released. For MBA Tech, highest and average package recorded in 2025 was 27 LPA and 11.5 LPA. 133 recruiters visited the campus in 2025.
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