Mumbai, the financial capital of India, is a preferred MBA destination offering quality education and job opportunities. If you are planning to pursue MBA from Mumbai and are searching for the best MBA colleges in Mumbai, you are at the right place. MBAUniverse.com has researched 50+ MBA colleges in Mumbai and presents list of MBA colleges in Mumbai, with latest Placements, Fee, Cut offs to help you choose the right MBA college in Mumbai.
Latest Updates
-- MBA Admission 2024 for SPJIMR Mumbai, IIM Mumbai, NMIMS, IIT Bombay MBA are closed
-- MAHCET Exam on March 9-10; JBIMS, SIMSREE & 300+ MBA Colleges in Mumbai to accept scores
Table of Contents
- Top MBA Colleges in Mumbai
- Best MBA Colleges in Mumbai
- Top MBA Colleges in Mumbai with Placement
- Top MBA Colleges in Mumbai with Fee Structure
- MBA Colleges in Mumbai Accepting Top Entrance Exams
- Admission Process in Mumbai MBA Colleges
- Why to opt for MBA in Mumbai? Check Key USPs
CHECK & COMPARE TOP MBA COLLEGES IN MUMBAI BY RANKING.
1. Top MBA Colleges in Mumbai
Based on reputed Rankings, Top MBA colleges in Mumbai are SPJIMR Mumbai, IIM Mumbai (formerly NITIE), IIT Bombay, NMIMS Mumbai and JBIMS Mumbai. If we expand this list, then TISS, K J Somaiya, Welingkar, SDA Bocconi, SIMSREE Mumbai, SIES Mumbai, IMT Nagpur, IBS Mumbai are also popular MBA colleges in Mumbai. Check their latest Rankings below.
Top MBA College in Mumbai
|
NIRF Ranking 2023
|
MBAUniverse.com Ranking 2024/ Grading
|
SPJIMR, Mumbai
|
# 20
|
# 5
|
SJMSoM-IIT Bombay
|
# 10
|
# 16
|
NMIMS, Mumbai
|
# 21
|
# 12
|
NITIE Mumbai
|
# 7
|
# 11
|
JBIMS Mumbai
|
--
|
AAA
|
IIM Nagpur
|
# 43
|
# 27
|
K J Somaiya Institute of Management, Mumbai
|
# 45
|
# 26
|
Prin L N Welingkar Institute of Management Development and Research
|
# 73
|
# 34
|
Tata Institute of Social Sciences (TISS) Mumbai
|
--
|
--
|
IMT Nagpur
|
--
|
# 41
|
SDA Bocconi Asia Center
|
--
|
AA+
|
SIMSREE Mumbai
|
--
|
AA+
|
2. Best MBA Colleges in Mumbai
Top MBA College in Mumbai
|
MBAUniverse.com Grading
|
SIES Navi Mumbai
|
AA+
|
Chetana’s Institute of Management and Research
|
# 54
|
Vivekanand Business School (VBS)
|
# 65
|
MET Mumbai
|
# 63
|
IES Management College And Research Centre, Mumbai
|
AA
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
AA
|
ITM Navi Mumbai
|
# 58
|
DSIMS Mumbai
|
AA
|
Aditya School of Busines Management - ASBM Mumbai
|
A+
|
Kohinoor Business School
|
A+
|
ATLAS SkillTech University Mumbai
|
A
|
IBS Mumbai: ICFAI Business school
|
A
|
3. Top MBA Colleges in Mumbai with Placement
All the top MBA colleges in Mumbai have a consistently high placement record. They register strong placements with high average salary in the range of Rs.10 to 33 lakhs per annum. Check the list of top MBA/PGDM colleges in Mumbai with Placement
MBA college in Mumbai with Placements
|
Average Salary in Placements 2023/latest placements (Rs.in lakhs)
|
SPJIMR, Mumbai
|
Rs. 33.02 LPA
|
SJMSoM-IIT Bombay
|
Rs. 28.88 LPA
|
JBIMS Mumbai
|
Rs. 28.02 LPA
|
Tata Institute of Social Sciences (TISS) Mumbai
|
Rs. 27.22 LPA
|
IIM Mumbai (NITIE)
|
Rs. 29.06 LPA
|
BITS School of Management – BITSOM, Mumbai
|
Rs. 23.85 LPA
|
NMIMS, Mumbai
|
Rs. 26.63 LPA
|
K J Somaiya Institute of Management Mumbai
|
Rs. 14.00 LPA
|
IIM Nagpur
|
Rs. 16.74 LPA
|
SDA Bocconi Asia Center Mumbai
|
Rs. 14.30 LPA
|
SIMSREE Mumbai
|
Rs. 15.19 LPA
|
Prin L N Welingkar Institute of Management Development and Research
|
Rs. 12.25 LPA
|
IMT Nagpur
|
Rs. 10.60 LPA
|
SIES Navi Mumbai
|
Rs. 9.11 LPA
|
ITM Navi Mumbai
|
Rs. 8.65 LPA
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
Rs. 8.51 LPA
|
SP Jain School of Global Management - Dubai - Mumbai - Singapore – Sydney
|
Rs. 22.00 LPA
|
MET Mumbai
|
Rs. 8.0 LPA
|
ATLAS SkillTech University Mumbai
|
Rs. 7.80 LPA
|
Kohinoor Business School, Mumbai
|
Rs. 7.50 LPA
|
Vivekanand Business School (VBS)
|
Rs. 8.0 LPA
|
IBS Mumbai: ICFAI Business school
|
Rs. 7.14 LPA
|
4. Top MBA Colleges in Mumbai with Fee Structure
The MBA Fees in Mumbai has a wide range according to your pocket. Besides, most MBA colleges in Mumbai offer scholarships and waivers and also arrange for your education loan. Let’s look at MBA fee in Mumbai for B-schools in different fees brackets:
4.1 Top MBA Colleges in Mumbai with Fee less than Rs. 5.00 Lakhs
MBA college in Mumbai
|
Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
|
TISS Mumbai
|
Rs. 1.89
|
SIMSREE Mumbai
|
Rs. 2.35
|
4.2 Top MBA Colleges in Mumbai with Fee Between Rs. 5-10 Lakhs
MBA college in Mumbai
|
Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
|
JBIMS Mumbai
|
Rs. 6.00
|
Kohinoor Business School
|
Rs. 6.10
|
DSGS Mumbai
|
Rs. 7.25
|
Aditya School of Busines Management - ASBM Mumbai
|
Rs. 7.80
|
Chetana’s Institute of Management and Research
|
Rs. 7.85
|
Vivekanand Business School (VBS)
|
Rs. 8.00
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
Rs. 8.70
|
SIES Navi Mumbai
|
Rs. 9.00
|
IBS Mumbai: ICFAI Business school
|
Rs. 9.09
|
IES Management College And Research Centre, Mumbai
|
Rs. 9.12
|
MET Mumbai
|
Rs. 9.90
|
4.3 Top MBA Colleges in Mumbai with Fee Between Rs. 10-15 Lakhs
MBA college in Mumbai
|
Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
|
ITM Navi Mumbai
|
Rs. 10.45
|
ATLAS SkillTech University Mumbai
|
Rs. 10.45
|
Prin L N Welingkar Institute of Management Development and Research
|
Rs. 14.00
|
SJMSoM-IIT Bombay
|
Rs. 14.08
|
4.4 Top MBA Colleges in Mumbai with Fee Above Rs. 15 Lakhs
MBA college in Mumbai
|
Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
|
SDA Bocconi Asia Center
|
Rs. 19.40
|
SPJIMR, Mumbai
|
Rs. 21.00
|
K J Somaiya Institute of Management, Mumbai
|
Rs. 20.87
|
IIM Mumbai (NITIE)
|
Rs. 21.00
|
NMIMS, Mumbai
|
Rs. 23.90
|
The top MBA colleges in Mumbai with low fees include all the institutes offering Mumbai University MBA/MMS programs.
5. MBA Colleges in Mumbai Accepting Top Entrance Exams
While some of the MBA colleges accept only CAT and XAT, some of the colleges also accept other MBA entrance exams like CMAT/MAT/ATMA. Check list of MBA Colleges by Exams Accepted.
5.1 MBA Colleges in Mumbai Accepting CAT Exam
MBA college in Mumbai
|
Exam Accepted
|
SPJIMR, Mumbai
|
CAT
|
SJMSoM-IIT Bombay
|
CAT
|
JBIMS Mumbai
|
CAT
|
IIM Mumbai (Formerly NITIE Mumbai)
|
CAT
|
BITS School of Management – BITSOM, Mumbai
|
CAT
|
IIM Nagpur
|
CAT
|
SDA Bocconi Asia Center Mumbai
|
CAT
|
SIMSREE Mumbai
|
CAT
|
K J Somaiya Institute of Management, Mumbai
|
CAT
|
Prin L N Welingkar Institute of Management Development and Research
|
CAT
|
IMT Nagpur
|
CAT
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
CAT
|
MET Mumbai
|
CAT
|
ATLAS SkillTech University Mumbai
|
CAT
|
Kohinoor Business School, Mumbai
|
CAT
|
Vivekanand Business School (VBS)
|
CAT
|
IES Management College And Research Centre, Mumbai
|
CAT
|
Chetana’s Institute of Management and Research, Mumbai
|
CAT
|
DSIMS Mumbai
|
CAT
|
Aditya School of Busines Management - ASBM Mumbai
|
CAT
|
5.2 MBA Colleges in Mumbai Accepting XAT Exam
MBA college in Mumbai
|
Exam Accepted
|
K J Somaiya Institute of Management, Mumbai
|
XAT
|
Prin L N Welingkar Institute of Management Development and Research
|
XAT
|
IMT Nagpur
|
XAT
|
SIES Navi Mumbai
|
XAT
|
ITM Navi Mumbai
|
XAT
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
XAT
|
MET Mumbai
|
XAT
|
ATLAS SkillTech University Mumbai
|
XAT
|
Kohinoor Business School, Mumbai
|
XAT
|
Vivekanand Business School (VBS)
|
XAT
|
IES Management College And Research Centre, Mumbai
|
XAT
|
Chetana’s Institute of Management and Research, Mumbai
|
XAT
|
DSIMS Mumbai
|
XAT
|
Aditya School of Busines Management - ASBM Mumbai
|
XAT
|
5.3 MBA Colleges in Mumbai Accepting MAT Exam
MBA college in Mumbai
|
Exam Accepted
|
SIES Navi Mumbai
|
MAT
|
ITM Navi Mumbai
|
MAT
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
MAT
|
MET Mumbai
|
MAT
|
ATLAS SkillTech University Mumbai
|
MAT
|
Kohinoor Business School, Mumbai
|
MAT
|
Vivekanand Business School (VBS)
|
MAT
|
IES Management College And Research Centre, Mumbai
|
MAT
|
Chetana’s Institute of Management and Research, Mumbai
|
MAT
|
DSIMS Mumbai
|
MAT
|
Aditya School of Busines Management - ASBM Mumbai
|
MAT
|
5.4 MBA Colleges in Mumbai Accepting MAH MBA CET Exam
MBA college in Mumbai
|
Exam Accepted
|
JBIMS Mumbai
|
MAH CET
|
SIMSREE Mumbai
|
MAH CET
|
SIES Navi Mumbai
|
MAH CET
|
ITM Navi Mumbai
|
MAH CET
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
MHCET
|
MET Mumbai
|
MAH CET
|
ATLAS SkillTech University Mumbai
|
MAH CET
|
Kohinoor Business School, Mumbai
|
MAH CET
|
Vivekanand Business School (VBS)
|
MAH CET
|
IES Management College And Research Centre, Mumbai
|
MH-CET
|
Chetana’s Institute of Management and Research, Mumbai
|
MH-CET
|
DSIMS Mumbai
|
MAH-CET
|
Aditya School of Busines Management - ASBM Mumbai
|
MAH-CET
|
5.5 MBA Colleges in Mumbai Accepting CMAT Exam
MBA college in Mumbai
|
Exam Accepted
|
JBIMS Mumbai
|
CMAT
|
SIMSREE Mumbai
|
CMAT
|
K J Somaiya Institute of Management, Mumbai
|
CMAT
|
IMT Nagpur
|
CMAT
|
SIES Navi Mumbai
|
CMAT
|
ITM Navi Mumbai
|
CMAT
|
N. L. Dalmia Institute of Management Studies and Research, Mumbai
|
CMAT
|
MET Mumbai
|
CMAT
|
ATLAS SkillTech University Mumbai
|
CMAT
|
Kohinoor Business School, Mumbai
|
CMAT
|
Vivekanand Business School (VBS)
|
CMAT
|
IES Management College And Research Centre, Mumbai
|
CMAT
|
Chetana’s Institute of Management and Research, Mumbai
|
CMAT
|
DSIMS Mumbai
|
CMAT
|
Aditya School of Busines Management - ASBM Mumbai
|
CMAT
|
5.6 MBA Colleges in Mumbai Accepting NMAT Exam
MBA college in Mumbai
|
Exam Accepted
|
NMIMS, Mumbai
|
NMAT
|
K J Somaiya Institute of Management, Mumbai
|
NMAT
|
ITM Navi Mumbai
|
NMAT
|
ATLAS SkillTech University Mumbai
|
NMAT
|
IBS Mumbai: ICFAI Business school
|
NMAT
|
As shared above, SPJIMR, IIM Mumbai, SJMSOM-IIT Mumbai are some of the best MBA colleges in Mumbai which accept only CAT exam score. K J Somaiya Institute of Management accepts CAT, XAT and NMAT score. School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS) accepts only NMAT by GMAC scores and does not accept CAT or XAT scores in admission.
6. Admission Process in Mumbai MBA Colleges
Admission process in Mumbai MBA colleges has following components:
- -- Academic Eligibility criteria for MBA Admission in Mumbai is minimum 3 years bachelor’s degree with minimum 50% marks in any discipline
- -- The applicant has to appear in one of the acceptable MBA entrance exams and also has to apply for MBA admission in the preferred institute – For example SPJIMR, NITIE, IIT Bombay accept only CAT score; NMIMS accepts NMAT score, while JBIMS, SIMSREE accept MAHCET score for Maharashtra State candidates and CAT, XAT, CMAT, MAHCET score for all India category candidates.
- -- You will be shortlisted based on your MBA entrance exam score, academics and work experience
- --MBA admission process at JBIMS, SIMSREE and other university affiliated B-schools will be through DTE CAP round
- --On receipt of final MBA admission offer, you must pay the acceptance/admission fees by the stipulated date
7. Why to opt for MBA in Mumbai? Check Key USPs
So, why should you study MBA in Mumbai? Here are key reasons that make Mumbai a much sort after MBA city.
- Financial and Business Hub
While Delhi is the political capital, Mumbai is the financial and business capital of India. Bombay Stock Exchange, National Stock Exchange of India, the SEBI are all headquartered here. Hence, it is one of the world's top ten centres of global financial transactions. Corporate headquarters of leading Indian companies and MNCs like Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, Aditya Birla Group are also in Mumbai. Mumbai is also the media, advertising and entertainment capital of India. - Bright job and career prospects for MBAs
If you are looking for a job in the financial sector, Mumbai is the place to be. MBAs can apply for jobs in Banking and Financial sectors in companies like HDFC, Kotak Bank, ICICI Bank and AXIS Bank. There are plenty of jobs in sales and marketing that are available in Mumbai in companies like Unilever, P&G, Godrej and many others. Being a media, advertising and entertainment capital of India, you can also apply for jobs in companies like Star TV, Zee TV, JWT, Times of India and many others. - Hub of MBA education
Finally, Mumbai is also a hub of education in management, technology and allied sectors. In addition to MBA colleges like SPJIMR, JBIMS, NMIMS, NITIE, Mumbai also has leading institutions like IIT Bombay and Tata Institute of Social Sciences (TISS).
We hope you found this article on MBA in Mumbai useful. Submit your contact details in the “Interested in MBA Admission 2024” form below to get our guidance. Also click on “College Names” in the list below to check more details about all the colleges.