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ROI (Return on Investment): Compare the total course fees with the average placement salary offered by the college.
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Specialization Strength: Check whether the college is more popular for Finance (such as JBIMS) or Marketing (such as Chetana’s).
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Location Advantage: Colleges located in South Mumbai or Bandra often attract more guest lectures and industry interactions due to their closeness to corporate hubs.
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Faculty Quality: Prefer colleges that have a strong mix of experienced full-time faculty along with industry professionals as visiting professors.
Best MMS Colleges in Mumbai 2026: Fees, Admission, Rankings & Placements
Latest Update
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2025-12-24 :
The CAT 2025 result has been announced. Candidates can check their results on the official website iimcat.ac.in.
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2025-12-12 :
The SET 2026 applications are live now. The last date to fill out the application form is April 15, 2026. Interested candidates can apply online on the official website at set-test.org. The SET 2026 exam will be held in two sessions: May 2 (Session 1) and May 10 (Session 2).
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2025-12-05 :
The CMAT 2026 exam date has been announced, and the exam is scheduled to be held on January 25, 2026, in computer-based mode. The exam pattern and syllabus remain the same as last year.
Mumbai has 100+ MMS colleges, including top-tier institutes like JBIMS, SIMSREE, and Welingkar (WeSchool). The average fees range from ₹69,000 to ₹8.5 Lakhs, and admission is primarily based on the MAH MBA CET entrance exam. Graduates can expect average salaries between ₹6.5 LPA and ₹26.5 LPA, depending on the college’s reputation and placement track record.
Best MMS Colleges in Mumbai (Quick List):
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JBIMS (Jamnalal Bajaj Institute of Management Studies): Popularly known as the “CEO Factory of India”, JBIMS offers exceptional ROI with an average package exceeding ₹26 LPA.
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SIMSREE: One of the best government management colleges in Mumbai, offering high ROI with a total fee under ₹1.4 lakhs.
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Welingkar Institute of Management (WeSchool): Known for its industry-focused curriculum and a wide range of recruiters across sectors.
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MET Institute of Management: Offers strong corporate exposure, with the added advantage of a prime Bandra location.
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KJ Somaiya Institute of Management (SIMSR): Renowned for its large campus, modern facilities, and multiple specialization options.
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Chetana’s Institute of Management & Research (CIMR): A consistent performer, especially strong in Marketing and Retail Management.
Top MMS Colleges in Mumbai (2026)
Mumbai is the financial capital of India, making it one of the best cities to pursue an MMS (Master of Management Studies) degree. MMS aspirants benefit from direct industry exposure, top recruiters, and strong internship opportunities across banking, finance, consulting, and corporate sectors. The following list highlights the top MMS colleges in Mumbai, ranked using a transparent and data-driven methodology. These rankings are based on a weighted score of Return on Investment (ROI), NIRF 2025 participation, faculty expertise, fee structure, and placement reports for 2025–26. These institutes are among the best MMS colleges in Mumbai, offering a strong balance of affordability, academic quality, and career outcomes.
| College Name | Ownership | Total Fees (2 Years) |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | Government | ₹6,00,000 - ₹8,00,000 |
| Sydenham Institute of Management (SIMSREE) | Government | ₹1,38,000 |
| Prin. L. N. Welingkar (WeSchool) | Private | ₹6,00,000 - ₹7,00,000 |
| KJ Somaiya Institute of Management | Private | ₹14,00,000 - ₹22,00,000 |
| MET Institute of Management | Private | ₹4,00,000 - ₹4,50,000 |
| Chetana’s Institute of Management (CIMR) | Private | ₹3,50,000 - ₹4,00,000 |
Top Government MMS Colleges in Mumbai
Government colleges in Mumbai are among the most preferred choices for MMS aspirants as they offer very low tuition fees and highly valued degrees affiliated with the University of Mumbai. These institutions provide an excellent Return on Investment (ROI) along with strong academic credibility and industry recognition. The top government MMS colleges in Mumbai are mentioned below.
| College Name | Total Fees | Exams Accepted |
| JBIMS, Mumbai | ₹8,00,000 | MAH CET, CAT, CMAT |
| SIMSREE, Churchgate | ₹1,38,000 | MAH CET, CAT, CMAT |
| Alkesh Dinesh Mody Institute | ₹2,00,000 | MAH CET |
| Sant Gadge Baba Amravati Univ. (Mumbai Center) | ₹1,20,000 | MAH CET |
Top Private MMS Colleges in Mumbai
Private institutes in Mumbai often stand out for their modern campus infrastructure, industry-oriented electives, and specialized programs that are comparable to global business schools. These colleges focus on practical learning, corporate exposure, and skill-based education. The top private MMS colleges in Mumbai are mentioned below. Select 53 more words to run Humanizer.
| College Name | Total Fees | Exams Accepted |
| Welingkar Mumbai | ₹6,80,000 | MAH CET, CAT, XAT, ATMA |
| SIES College of Management Studies | ₹8,00,000 | MAH CET, CMAT, MAT |
| N.L. Dalmia Institute | ₹7,50,000 | MAH CET, CMAT, XAT |
| VESIM Mumbai | ₹5,30,000 | MAH CET, CAT, CMAT |
Fees for MMS Colleges in Mumbai
The MMS fee structure is typically lower than that of PGDM programs, as MMS courses are affiliated with the University of Mumbai, making them a more affordable and high-return-on-investment (ROI) option for management aspirants.
| College | Annual Fees | Total Fees | Hostel Fees (Annual) |
| SIMSREE | ₹69,000 | ₹1,38,000 | ₹60,000 |
| JBIMS | ₹4,00,000 | ₹8,00,000 | ₹10,000 (Subsidized) |
| Welingkar | ₹3,40,000 | ₹6,80,000 | ₹1,60,000 |
| SIESCOMS | ₹4,00,000 | ₹8,00,000 | ₹80,000 |
MMS Colleges in Mumbai With Low Fees
If you are looking for high Return on Investment (ROI), these institutes are the best choices as they offer quality education at the lowest fee levels.
| College Name | Total Fees | Ownership |
| SIMSREE | ₹1,38,000 | Government |
| Alkesh Dinesh Mody | ₹2,00,000 | Government-Aided |
| Lala Lajpatrai (LLIM) | ₹2,80,000 | Private-Aided |
| NMITD | ₹1,40,000 | Private |
Eligibility for MMS in Mumbai
To secure a seat in a Mumbai MMS program, candidates must meet the following criteria:
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Education: Bachelor’s degree in any discipline from a recognized university.
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Minimum Marks: At least 50% aggregate (45% for SC/ST/OBC candidates from Maharashtra).
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Entrance Exam: A valid score in MAH MBA CET (Mandatory for CAP rounds), CAT, or CMAT.
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Age: No specific upper age limit applies to the MMS course.
Admission Process for MMS Colleges in Mumbai
Admission is primarily centralized through the DTE Maharashtra CAP (Centralised Admission Process).
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Register for Entrance Exam: Sign up for MAH MBA CET, CAT, or CMAT.
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Appear for the Test: Achieve a percentile that meets the cutoff (e.g., 99.9+ for JBIMS).
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CAP Registration: Fill out the DTE Maharashtra online application for seat allotment.
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Option Entry: List your preferred colleges (JBIMS, SIMSREE, etc.) in order of priority.
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Seat Allotment: Based on merit and category, seats are allotted across 3 rounds.
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Document Verification: Visit the allotted college for fee payment and verification.
Entrance Exams for MMS in Mumbai
Most colleges affiliated with the University of Mumbai primarily consider state-level entrance exam scores for admission, making these exams the main gateway for MMS aspirants in Mumbai.
| Exam Name | Conducting Body | Accepted By / Relevance |
| MAH MBA CET | State CET Cell, Maharashtra | All MMS Colleges (Primary) |
| CAT | IIMs | Top-tier institutes like JBIMS/SIMSREE |
| CMAT | NTA | Most private & semi-govt colleges |
| ATMA/MAT | AIMS/AIMA | Accepted by select private institutes |
MMS Colleges in Mumbai Without Entrance Exam
Direct admission is usually not available for government or government-aided MMS colleges. Admission to these colleges is mainly through the state-level entrance exam. However, some private institutes offer Institute-Level or Management Quota seats, where students can get admission based on their academic profile and availability of seats, often at a higher fee.
| College Name | Admission Mode | Fees (Appx.) |
| Kohinoor Business School | Management Quota | ₹5,50,000 |
| Durgadevi Saraf (DSIMS) | Institute Level | ₹7,50,000 |
| GNIMS Mumbai | Management Quota | ₹6,00,000 |
Placements for MMS Colleges in Mumbai
Mumbai’s position as India’s financial capital gives MMS students excellent access to leading recruiters, including top banks, consulting firms, FMCG companies, and financial institutions, resulting in strong placement opportunities and industry exposure.
| College | Average Package | Highest Package | Top Recruiters |
| JBIMS | ₹26.50 LPA | ₹87.00 LPA | McKinsey, Goldman Sachs, BCG |
| SIMSREE | ₹12.50 LPA | ₹22.00 LPA | KPMG, Barclays, JP Morgan |
| Welingkar | ₹11.70 LPA | ₹40.00 LPA | Amazon, Deloitte, Accenture |
| SIESCOMS | ₹8.10 LPA | ₹18.00 LPA | HDFC Bank, EY, Tata Motors |
Top Recruiters for MMS Graduates
| Sector | Top Recruiters |
|---|---|
| Banking & Finance | HDFC Bank, ICICI Bank, JP Morgan, Goldman Sachs, Axis Bank |
| Consulting | Deloitte, KPMG, PwC, EY, BCG |
| IT & Analytics | Accenture, TCS, Infosys, Cognizant |
| FMCG | Hindustan Unilever (HUL), P&G, Marico, ITC |
How to Choose the Best MMS College in Mumbai
FAQs
Q: Which is the #1 MMS college in Mumbai?
A: Jamnalal Bajaj Institute of Management Studies (JBIMS) is consistently ranked as the best MMS college in Mumbai.
Q: What is the average fee for MMS in Mumbai?
A: Fees range from ₹69,000 per year (SIMSREE) to ₹4 Lakhs per year (JBIMS). Private colleges average around ₹2.5–₹4 Lakhs per year.
Q: Can I get admission to MMS without MAH CET?
A: Yes, top colleges like JBIMS and SIMSREE also accept CAT and CMAT scores for All India seats.
Q: Is MMS better than MBA?
A: In Mumbai, MMS is a degree course affiliated with the University of Mumbai, whereas MBA/PGDM is often an autonomous diploma. MMS is generally more cost-effective.
Q: What is the cutoff for JBIMS?
A: For the General category (Maharashtra State), the MAH CET cutoff is usually 99.97 to 99.99 percentile.
Q: Are there any MMS colleges with fees under 2 lakhs?
A: Yes, SIMSREE, Alkesh Dinesh Mody Institute, and various government-aided departments offer MMS under ₹2 Lakhs.
Q: Does Welingkar accept CMAT for MMS?
A: Welingkar accepts MAH CET scores for the MMS program. For its PGDM program, it accepts CAT, XAT, CMAT, and ATMA.
Q: What is the highest salary offered to an MMS graduate in Mumbai?
A: In 2025, the highest package at JBIMS reached ₹87 LPA.
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Showing 42 Colleges
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JBIMS Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at JBIMS Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. JBIMS Mumbai MMS fees is ₹1 L - ₹2 L.
SIMSREE-Sydenham is very popular for MMS in Mumbai, Maharashtra. MMS at SIMSREE-Sydenham is a Masters program offered in multiple specializations for a duration of 2 Years. SIMSREE-Sydenham MMS fees is ₹1 L - ₹2 L.
Welingkar Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at Welingkar Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. Welingkar Mumbai MMS fees is ₹5 L.
NL Dalmia Institute
Mumbai, Maharashtra
Private
NL Dalmia Institute is very popular for MMS in Mumbai, Maharashtra. MMS at NL Dalmia Institute is a Masters program offered in multiple specializations for a duration of 2 Years.
MIT-WPU is very popular for MMS in Pune, Maharashtra.
Parul University is very popular for MMS in Vadodara, Gujarat.
Kohinoor Business School is very popular for MMS in Mumbai, Maharashtra. MMS at Kohinoor Business School is a Masters program offered in multiple specializations for a duration of 2 Years. Kohinoor Business School MMS fees is ₹5 L.
Lala Lajpatrai Institute of Management (LLIM) is very popular for MMS in Mumbai, Maharashtra. MMS at Lala Lajpatrai Institute of Management (LLIM) is a Masters program offered in multiple specializations for a duration of 2 Years.
Alkesh Dinesh Mody Institute for Financial and Management Studies is very popular for MMS in Mumbai, Maharashtra. MMS at Alkesh Dinesh Mody Institute for Financial and Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
Sasmira's Institute of Management Studies and Research
Mumbai, Maharashtra
Private
Sasmira's Institute of Management Studies and Research is very popular for MMS in Mumbai, Maharashtra. MMS at Sasmira's Institute of Management Studies and Research is a Masters program offered in multiple specializations for a duration of 2 Years.
Pimpri Chinchwad University [PCU], Pune
Pune, Maharashtra
Pimpri Chinchwad University [PCU], Pune is very popular for MMS in Pune, Maharashtra.
D Y Patil University, Ambi, Pune
Pune, Maharashtra
D Y Patil University, Ambi, Pune is very popular for MMS in Pune, Maharashtra.
Thakur Institute of Management Studies and Research - TIMSR is very popular for MMS in Mumbai, Maharashtra. MMS at Thakur Institute of Management Studies and Research - TIMSR is a Masters program offered in multiple specializations for a duration of 2 Years. Thakur Institute of Management Studies and Research - TIMSR MMS fees is ₹3 L - ₹5 L.
GNIMS - Guru Nanak Institute of Management Studies
Mumbai, Maharashtra
Private
GNIMS - Guru Nanak Institute of Management Studies is very popular for MMS in Mumbai, Maharashtra. MMS at GNIMS - Guru Nanak Institute of Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
KJ Somaiya Institute of Engineering and Information Technology, [KJSIEIT] Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at KJ Somaiya Institute of Engineering and Information Technology, [KJSIEIT] Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years.
Garware Institute of Career Education and Development is very popular for MMS in Mumbai, Maharashtra. MMS at Garware Institute of Career Education and Development is a Masters program offered in multiple specializations for a duration of 2 Years. Garware Institute of Career Education and Development MMS fees is ₹3 L - ₹5 L.
Gurunanak Institute of Management Studies, [GIMS] Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at Gurunanak Institute of Management Studies, [GIMS] Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years.
Anjuman-I-Islam's Allana Institute of Management Studies is very popular for MMS in Mumbai, Maharashtra. MMS at Anjuman-I-Islam's Allana Institute of Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
Navinchandra Mehta Institute of Technology and Development
Mumbai, Maharashtra
Private
Navinchandra Mehta Institute of Technology and Development is very popular for MMS in Mumbai, Maharashtra. MMS at Navinchandra Mehta Institute of Technology and Development is a Masters program offered in multiple specializations for a duration of 2 Years.
Rustomjee Business School
Mumbai, Maharashtra
Private
Rustomjee Business School is very popular for MMS in Mumbai, Maharashtra. MMS at Rustomjee Business School is a Masters program offered in multiple specializations for a duration of 2 Years.
Maratha Mandir’s Babasaheb Gawde Institute of Management Studies is very popular for MMS in Mumbai, Maharashtra. MMS at Maratha Mandir’s Babasaheb Gawde Institute of Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
XIMR Mumbai
Mumbai, Maharashtra
Private
XIMR Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at XIMR Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. XIMR Mumbai MMS fees is ₹1 L - ₹2 L.
Saraswati College of Engineering is very popular for MMS in Mumbai, Maharashtra. MMS at Saraswati College of Engineering is a Masters program offered in multiple specializations for a duration of 2 Years.
SGSJK's Aruna Manharlal Shah Institute of Management and Research (AMSIMR, Mumbai)
Mumbai, Maharashtra
Private
SGSJK's Aruna Manharlal Shah Institute of Management and Research (AMSIMR, Mumbai) is very popular for MMS in Mumbai, Maharashtra. MMS at SGSJK's Aruna Manharlal Shah Institute of Management and Research (AMSIMR, Mumbai) is a Masters program offered in multiple specializations for a duration of 2 Years.
YMT College of Management
Mumbai, Maharashtra
Private
YMT College of Management is very popular for MMS in Mumbai, Maharashtra. MMS at YMT College of Management is a Masters program offered in multiple specializations for a duration of 2 Years.
NCRD’s Sterling Institute of Management Studies is very popular for MMS in Mumbai, Maharashtra. MMS at NCRD’s Sterling Institute of Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
Indian School Of Management and Studies
Mumbai, Maharashtra
Private
Indian School Of Management and Studies is very popular for MMS in Mumbai, Maharashtra. MMS at Indian School Of Management and Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
NAEMD- National Academy of Event Management and Development, Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at NAEMD- National Academy of Event Management and Development, Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. NAEMD- National Academy of Event Management and Development, Mumbai MMS fees is ₹3 L - ₹5 L.
GNVS Institute of Management is very popular for MMS in Mumbai, Maharashtra. MMS at GNVS Institute of Management is a Masters program offered in multiple specializations for a duration of 2 Years. GNVS Institute of Management MMS fees is ₹3 L - ₹5 L.
MasterMyLife EQ Education, [MML] Mumbai
Mumbai, Maharashtra
Private
MasterMyLife EQ Education, [MML] Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at MasterMyLife EQ Education, [MML] Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years.
Indian Education Society, [IES] Mumbai
Mumbai, Maharashtra
Public
Indian Education Society, [IES] Mumbai is very popular for MMS in Mumbai, Maharashtra. MMS at Indian Education Society, [IES] Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years.
