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

S. No. College Name
1 Mumbai University
2 SNDT Women's University Juhu
3 TISS Mumbai
4 Singhania University
5 Amity University Mumbai
6 KJSAC
7 Gondwana University
8 Atlas SkillTech University Mumbai
9 Chhatrapati Shivaji Maharaj College of Education
10 Padmashree Dr. D.Y. Patil Vidyapeeth, Navi 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

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

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.

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

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

Found 49 Colleges Clear All

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#1 Rank

Mumbai, Maharashtra

4.3
Academics & Faculty 4.4
Clubs & Associations 4.6
College Infrastructure & Hostel Facilities 4.4
Fees & Scholarships 3.9
Placements & Internships 4.5
(43)

IIT Bombay being one of the premier institutes in Indi... Read More

Average Fees

₹1.23 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

-

Mumbai, Maharashtra

3.6
Academics & Faculty 3.8
Placements & Internships 3
Clubs & Associations 4
Fees & Scholarships 3.7
College Infrastructure & Hostel Facilities 3.8
(20)

University of Mumbai is one of the most fun colleges to be i... Read More

Average Fees

₹51,000

No. of Courses Offered

1 Courses

Median Salary

--

Exams

-

#3 Rank

Mumbai, Maharashtra

3.9
Academics & Faculty 4.4
Fees & Scholarships 4.2
Placements & Internships 4.1
College Infrastructure & Hostel Facilities 3
Clubs & Associations 4.2
(7)

An institution with 50 years legacy,known for its alumni who... Read More

Average Fees

₹51,000

No. of Courses Offered

1 Courses

Median Salary

--

Exams

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Mumbai, Maharashtra

3.7
Academics & Faculty 3.6
Fees & Scholarships 3.3
College Infrastructure & Hostel Facilities 3.5
Placements & Internships 3.8
Clubs & Associations 4.3
(25)

Braiding classes were taught by some internal faculties as well... Read More

Average Fees

₹8.19 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

-

Mumbai, Maharashtra

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--

No. of Courses Offered

1 Courses

Median Salary

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Exams

-

Mumbai, Maharashtra

4.1
Academics & Faculty 4.4
College Infrastructure & Hostel Facilities 3.9
Clubs & Associations 4.7
Fees & Scholarships 3.7
Placements & Internships 3.8
(11)

KC College is one of the premier institutions of Mum... Read More

Average Fees

--

No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

4.2
Academics & Faculty 4.3
Fees & Scholarships 4.1
Clubs & Associations 4.4
Placements & Internships 4.3
College Infrastructure & Hostel Facilities 4.2
(23)

In Shailesh J Mehta School of Management, there is one... Read More

Average Fees

₹6.96 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

--

Mumbai, Maharashtra

3.4
Placements & Internships 2.9
Fees & Scholarships 4
Academics & Faculty 3.3
College Infrastructure & Hostel Facilities 3.8
Clubs & Associations 3
(6)

The eligibility criteria are that you should pass the&... Read More

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--

No. of Courses Offered

1 Courses

Median Salary

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Exams

-

Mumbai, Maharashtra

Average Fees

₹1.15 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

--

Mumbai, Maharashtra

3.2
Placements & Internships 3.2
Fees & Scholarships 3.5
Academics & Faculty 3
College Infrastructure & Hostel Facilities 2.8
Clubs & Associations 3.8
(3)

You have to have at least 60% in boards + under 500 ranking ... Read More

Average Fees

--

No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

4.2
Academics & Faculty 4.2
Placements & Internships 4.4
College Infrastructure & Hostel Facilities 4.7
Fees & Scholarships 3.5
Clubs & Associations 4.3
(26)

 I feel the college has an amazing faculty to rely on to ta... Read More

Average Fees

₹62,609

No. of Courses Offered

1 Courses

Median Salary

--

Exams

--

Mumbai, Maharashtra

4.3
Academics & Faculty 4.5
Fees & Scholarships 4.3
Placements & Internships 4
College Infrastructure & Hostel Facilities 5
Clubs & Associations 4
(2)

MISB Bocconi started with international curriculum fol... Read More

Average Fees

₹18.60 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

--

Mumbai, Maharashtra

3.8
Placements & Internships 5
Fees & Scholarships 3
Academics & Faculty 4
College Infrastructure & Hostel Facilities 3.5
(1)

I am pursuing bachelor's degree in paint technology. You sh... Read More

Average Fees

₹3.35 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

-

Mumbai, Maharashtra

3.8
Academics & Faculty 4
Fees & Scholarships 3.3
Placements & Internships 3.9
College Infrastructure & Hostel Facilities 4.3
Clubs & Associations 3.9
(10)

it’s a mixed bunch of seniors and newly appointed teachers. B... Read More

Average Fees

₹3.90 LPA

No. of Courses Offered

1 Courses

Median Salary

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Exams

-

Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

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Mumbai, Maharashtra

Average Fees

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1 Courses

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

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Exams

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

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Exams

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

3.9
Placements & Internships 4
Fees & Scholarships 3.5
Academics & Faculty 4.1
College Infrastructure & Hostel Facilities 4.2
Clubs & Associations 4.1
(11)

The entrance exam is very simple. You have to simply f... Read More

Average Fees

₹5.21 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

--

Mumbai, Maharashtra

3.5
Placements & Internships 3.5
(1)

Eligibility criteria for admission to the three-year integra... Read More

Average Fees

--

No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

Median Salary

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Exams

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Mumbai, Maharashtra

Average Fees

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No. of Courses Offered

1 Courses

Median Salary

--

Exams

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Mumbai, Maharashtra

3.9
Placements & Internships 4
Fees & Scholarships 4
Academics & Faculty 4
College Infrastructure & Hostel Facilities 4
Clubs & Associations 3.8
(2)

For BBA, Student should have passed 10+2 with min 50% ... Read More

Average Fees

--

No. of Courses Offered

1 Courses

Median Salary

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Exams

-

Mumbai, Maharashtra

3.1
Academics & Faculty 2.5
Fees & Scholarships 4
Placements & Internships 2.5
College Infrastructure & Hostel Facilities 2.5
Clubs & Associations 4
(1)

DBIMS is the centre of Management studies and Post graduate Dep... Read More

Average Fees

--

No. of Courses Offered

1 Courses

Median Salary

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Exams

-

Mumbai, Maharashtra

4.6
Placements & Internships 4.6
Academics & Faculty 4.6
Fees & Scholarships 4.5
College Infrastructure & Hostel Facilities 4.7
Clubs & Associations 4.8
(6)

MET has provided me with an opportunity to obtain an interns... Read More

Average Fees

₹4.50 LPA

No. of Courses Offered

1 Courses

Median Salary

--

Exams

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