Top MBA Colleges in Mumbai 2024
Top MBA Colleges in Mumbai include colleges like Shailesh J Mehta School of Management (IIT Bombay), SP Jain Institute of Management and Research, Jamnalal Bajaj Institute of Management Studies, National Institute of Industrial Engineering etc. MBA (Masters of Business Administration) is one of the most popular degrees for students who want to pursue a managerial career in corporate, government and private sectors. Various top MBA colleges in Mumbai teach core subjects like Accounting, Economics, Marketing, Finance, and Human Resources to pursue an MBA in their respective fields of interest. To get admission to MBA colleges, students must clear the entrance exams. The most popular entrance exams for MBA are CAT, XAT and CMAT. There are various job opportunities for MBA graduates in security firms, private companies, insurance companies, banks etc.
Top MBA Colleges in Mumbai: Highlights
Any graduate from a recognised university is eligible to pursue an MBA degree. Tabulated below are the key highlights regarding MBA colleges in Mumbai.
|
College Type |
Government Colleges -11 & Private Colleges - 106 |
|
Colleges Affiliated To |
NAAC, UGC, AICTE |
|
Entrance Exams Accepted |
CAT, MHTCET, XAT |
|
Specialisations |
Marketing, Finance, Human Resources Management |
|
Approximate Fees |
The annual fee ranges from (INR) 3,00,000 to 7,00,000 |
MBA Colleges Ranking in Mumbai
MBA college ranking is done on the basis of various parameters by reputed institutions like NIRF. Students can choose the top MBA colleges to apply to by taking a look at the rankings.
MBA Colleges Ranking by NIRF
The ranking of the colleges by NIRF is decided based on several parameters such as teacher-student ratio, placement reports, amenities in the college, extracurricular activities, alumni outreach, global exposure and much more. There are five top MBA colleges in Mumbai that have managed to get a National Institute Ranking Framework (NIRF) ranking. Tabulated below are the best MBA colleges in Mumbai ranked by NIRF
| NIRF Ranking | Name of the College | NIRF Score |
| 1 | SJMSOM IIT Bombay | 68.08 |
| 2 | NITIE Mumbai | 64.52 |
| 3 | SPJIMR Mumbai | 58.73 |
| 4 | NMIMS Mumbai | 57.53 |
| 5 | K J Somaiya Institute of Management | 46.68 |
Top MBA Colleges Ranking in Mumbai by India Today
Below mentioned are the top MBA colleges in Mumbai by India Today ranking
| S. No. | College Name | Total Tuition Fees (INR) |
| 1 | SPJIMR Mumbai | 19,00,000 |
| 2 | JBIMS Mumbai | 7,00,000 |
| 3 | NITIE Mumbai | 14,06,000 |
| 4 | K J Somaiya Institute of Management | 2,25,160 |
| 5 | SIES Mumbai | 9,00,000 |
| 6 | IES MCRC Mumbai | 8,00,000 |
| 7 | Atharva Institute of Management Studies | 8,20,000 |
| 8 | Alkesh Dinesh Mody Institute for Financial and Management Studies | 9,50,000 |
| 9 | NAEMD | 4,06,000 |
| 10 | NMIMS Mumbai | 21,00,000 |
Top 10 MBA Colleges in Mumbai
There are around 163 MBA colleges in Mumbai. Tabulated below are the top 10 MBA colleges in Mumbai
| College Name | Total Tuition Fees (INR) |
| SJMSOM IIT Bombay | 8,30,000 |
| SPJIMR Mumbai | 19,00,000 |
| JBIMS Mumbai | 7,00,000 |
| NITIE Mumbai | 14,06,000 |
| K J Somaiya Institute of Management | 2,25,160 |
| SIES Mumbai | 9,00,000 |
| IES MCRC Mumbai | 8,00,000 |
| Atharva Institute of Management Studies | 8,20,000 |
| Alkesh Dinesh Mody Institute for Financial and Management Studies | 9,50,000 |
| Universal Business School | 8,48,000 |
Top 10 MBA Universities in Mumbai
Tabulated below are the top 10 MBA Universities in Mumbai
Distance MBA Colleges
Below mentioned are the top distance MBA colleges in Mumbai
| S. No. | College Name |
| 1 | Garodia International College |
| 2 | IDP Education Mumbai, Dadar |
| 3 | IIBMS |
| 4 | Welingkar Mumbai |
| 5 | XIBMS Hyderabad |
MBA Colleges in Mumbai Fees
Fees of the top MBA colleges in Mumbai range from (INR) 2,00,000 to 10,00,000 on average.
Government Colleges for MBA in Mumbai with Fees
Top MBA colleges in Mumbai consist of some government colleges for MBA. Given below are the best colleges for MBA with fees
| College Name | Total Tuition Fees (INR) |
| SJMSOM IIT Bombay | 8,30,000 |
| NITIE Mumbai | 14,06,000 |
| Mumbai University | 44,000 |
| SNDT Women's University Juhu | 2,00,910 |
| Hansraj Jivandas College of Education | 13,500 |
Private MBA Colleges in Mumbai with Fees
There are around 106 private MBA colleges in Mumbai. Some of the top MBA colleges in Mumbai are private colleges. Tabulated below are private MBA colleges in Mumbai with fees
| College Name | Total Tuition Fees (INR) |
| SPJIMR Mumbai | 19,00,000 |
| JBIMS Mumbai | 7,00,000 |
| K J Somaiya Institute of Management | 2,25,160 |
| SIES Mumbai | 9,00,000 |
| IES MCRC Mumbai | 8,00,000 |
| Atharva Institute of Management Studies | 8,20,000 |
| Alkesh Dinesh Mody Institute for Financial and Management Studies | 9,50,000 |
| Universal Business School | 8,48,000 |
| TISS Mumbai | 2,00,000 |
| SDA Bocconi Asia Center | 18,60,000 |
Top MBA Colleges with in Mumbai with Low Fees
There are some MBA colleges that charge low fees. Most of these are government MBA colleges in Mumbai. Tabulated below are the MBA colleges with low fees
| College Name | Total Tuition Fees (INR) |
| Hansraj Jivandas College of Education | 13,200 |
| SNDT Women's University, Juhu | 31,600 |
| Mumbai University IDOL | 35,250 |
| National Academy of Management Studies | 50,000 |
| KSBM Mumbai | 79,800 |
| KJSCCETR Mumbai | 79,800 |
| IIBMS | 85,600 |
| IIBMS | 89,800 |
| Indian School Of Management and Studies | 90,000 |
| Garware Institute of Career Education and Development | 1,42,000 |
Top MBA Colleges in Mumbai Admission
In order to get admission to the best MBA colleges in Mumbai, students must fulfil the eligibility criteria and take up entrance examinations accepted by colleges for MBA.
Eligibility Criteria
Listed below is the minimum eligibility required to pursue MBA
- A graduate degree in any discipline
- 50% marks in aggregate from a recognised university
Tabulated below are the top 10 MBA colleges in Mumbai with admission link
| S. No. | College Name | Admission Links |
| 1 | Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | Shailesh J. Mehta School of Management, IIT Bombay, Mumbai Admission Link |
| 2 | S. P. Jain Institute of Management and Research, Mumbai | S. P. Jain Institute of Management and Research, Mumbai Admission Link |
| 3 | Jamnalal Bajaj Institute of Management Studies, Mumbai | Jamnalal Bajaj Institute of Management Studies, Mumbai Admission Link |
| 4 | National Institute of Industrial Engineering, Mumbai | National Institute of Industrial Engineering, Mumbai Admission Link |
| 5 | K. J. Somaiya Institute of Management Studies & Research, Mumbai | K. J. Somaiya Institute of Management Studies & Research, Mumbai Admission Link |
| 6 | SIES School of Business Studies, Mumbai | SIES School of Business Studies, Mumbai Admission Link |
| 7 | IES's Management College and Research Centre, Mumbai | IES's Management College and Research Centre, Mumbai Admission Link |
| 8 | Atharva Institute of Management Studies, Mumbai | Atharva Institute of Management Studies, Mumbai |
| 9 | Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai | Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai Admission Link |
| 10 | Universal Business School, Mumbai | Universal Business School, Mumbai Admission Link |
Specialisations Available in Top MBA Colleges in Mumbai
A number of specialisations are offered by MBA colleges. Given below are the most popular specialisations offered by the best MBA colleges in Mumbai
- Finance
- Marketing
- Human Resources Management
- Operations Management
- Business Analytics
Top MBA Colleges in Mumbai for Finance
Below mentioned is the list of MBA colleges in Mumbai offering Finance as a specialisation
- SJMSOM IIT Bombay
- K J Somaiya Institute of Management
- Alkesh Dinesh Mody Institute for Financial and Management Studies
- Universal Business School
- Amity University Mumbai
Read More: Top MBA Colleges in Mumbai for Finance
Top MBA Colleges in Mumbai for Marketing
Listed below are the top MBA colleges in Mumbai offering specialisation in Marketing
- K J Somaiya Institute of Management
- Universal Business School
- Amity University Mumbai
- Jagdish Sheth School of Management
- BSE Mumbai
Read More: Top MBA Colleges in Mumbai for Marketing
Top MBA Colleges in Mumbai for Human Resources Management
MBA colleges offer Human Resources Management as a specialisation. Below mentioned are top MBA colleges in Mumbai offering Human Resource Management as a specialisation.
- SJMSOM IIT Bombay
- JBIMS Mumbai
- K J Somaiya Institute of Management
- Universal Business School
- Amity University Mumbai
Read More: Top MBA Colleges in Mumbai for Human Resources Management
Top MBA Colleges in Mumbai for Operations Management
Listed below are the best colleges for MBA in Mumbai offering Operations Management as a specialisation
- SJMSOM IIT Bombay
- Universal Business School
- Amity University Mumbai
- St. Francis Institute of Management and Research
- Alkesh Dinesh Mody Institute for Financial and Management Studies
Read More: Top MBA Colleges in Mumbai for Operations Management
Entrance Exams for Top MBA Colleges in Mumbai
Candidates need to take up the entrance examinations like CAT, XAT, and MAT in order to get admission to top MBA colleges in Mumbai. Listed below are the most popular entrance exams for admission to top MBA colleges
- CAT
- XAT
- MAHCET
- MAT
Top MBA Colleges in Mumbai Accepting CAT Score
CAT is a computer-based test for admission to graduate management programs. Average percentile needed to get admission to top colleges is 95. Tabulated below are top MBA colleges in Mumbai accepting CAT score
| S. No. | College Name |
| 1 | SJMSOM IIT Bombay |
| 2 | SPJIMR Mumbai |
| 3 | NITIE Mumbai |
| 4 | K J Somaiya Institute of Management |
| 5 | IES MCRC Mumbai |
Top MBA Colleges in Mumbai Accepting MAHCET Score
MAHCET is a management entrance test conducted by the state of Maharashtra. Average percentile needed to get admission is 95. Tabulated below are the list of MBA colleges in Mumbai accepting MAHCET score.
| S. No. | College Name |
| 1 | JBIMS Mumbai |
| 2 | IES MCRC Mumbai |
| 3 | Atharva Institute of Management Studies |
| 4 | Alkesh Dinesh Mody Institute for Financial and Management Studies |
| 5 | Universal Business School |
Top MBA Colleges in Mumbai Placements
Students who pursue their MBA degree from top MBA colleges in Mumbai, get placed easily during campus placements. Top companies hire students who pursue degrees from top MBA colleges in Mumbai. Tabulated below are the best MBA colleges in Mumbai and the top recruiters during campus placements.
| College Name | Top Recruiters | Placement Links |
| Universal Business School, Mumbai | Citi Bank, Uber, Zomato | Universal Business School, Mumbai Placement Link |
| Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai | India Bulls, Bajaj Capital | Alkesh Dinesh Mody Institute for Financial and Management Studies, Mumbai Placement Link |
| St. Francis Institute of Management and Research, Mumbai | Canon, ITC, Aditya Birla | St. Francis Institute of Management and Research, Mumbai Placement Link |
| BSE Institute Limited, Mumbai | Morgan Stanley, Religare | BSE Institute Limited, Mumbai Placement Link |
| KJ Somaiya Institute of Management, Mumbai | Airtel, Hindustan Unilever Limited | KJ Somaiya Institute of Management, Mumbai Placement Link |
Average Salary Package in Top MBA Colleges in Mumbai
Below mentioned are the average salary package offered in MBA colleges in Mumbai
| College Name | Average Salary Package |
| Universal Business School | 10.25 LPA |
| Alkesh Dinesh Mody Institute for Financial and Management Studies | 5 LPA |
| St. Francis Institute of Management and Research | 4.50 LPA |
| BSE Mumbai | 4.5 LPA |
| K J Somaiya Institute of Management | 10.59 LPA |
| JBIMS Mumbai | 5.5 LPA |
| NITIE Mumbai | 5 LPA |
| IES MCRC Mumbai | 4-7 LPA |
| Atharva Institute of Management Studies | 4 LPA |
| SIES Mumbai | 5.5 LPA |
Top MBA Colleges Cutoff in Mumbai
Cutoff list is released by the best colleges for MBA to shortlist the candidates. Tabulated below are cutoff scores of colleges for MBA accepting MAHCET score
| College Name | Opening Score | Closing Score |
| SJMSOM IIT Bombay | 91 | 83 |
| K J Somaiya Institute of Management | 87 | 82 |
| Vijay Patil School of Management | 80 | 70 |
| Vivekanand Business School | 69 | 58 |
| Kohinoor Business School | 67 | 60 |
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