MBA Colleges in Mumbai

Mumbai, the financial capital of India is a preferred MBA destination as it houses number of top MBA colleges and offers high employment and entrepreneurship opportunities across the sectors and domains. Mumbai has recently received a shot in the arm with the launch of IIM Mumbai. The Government of India has renamed one of the top MBA colleges in India - NITIE Mumbai as IIM Mumbai and the MBA admissions 2024 for all the programs in IIM Mumbai are open till January 31, 2024 through CAT 2023. If you are planning to pursue MBA from Mumbai, the Capital City of Maharashtra State, and are searching for the best MBA colleges in Mumbai accepting CAT, XAT, CMAT, MAT, MBACET for MBA admission, you are at the right place. 

MBAUniverse.com has researched about the best MBA colleges in Mumbai, their fee and admission process. This will help you know all the important details about MBA colleges in Mumbai. So read this article to check the list of MBA colleges in Mumbai, their Placements, Fee, Cut offs and much more to help you choose the right MBA college in Mumbai.  

Before we tell you about MBA colleges in Mumbai, let’s briefly discuss why Mumbai is a great destination for MBA. 

CHECK & COMPARE TOP MBA COLLEGES IN MUMBAI BY RANKING.

Table of Contents

1. Why to opt for MBA in Mumbai? Check Key USPs

2. MBA Colleges in Mumbai Highlights

3. List of Top Ranked MBA Colleges in Mumbai

4. Top MBA Colleges in Mumbai with Fee Structure

5. Top MBA Colleges in Mumbai with Placement

6. Admission Process in Mumbai MBA Colleges

7. MBA Colleges in Mumbai Accepting Top Entrance Exams. 

1. Why to opt for MBA in Mumbai? Check Key USPs
So, what makes Mumbai India’s top MBA destination? Here are key reasons that make Mumbai a much sort after MBA city.

1.1 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.

1.2 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. 

1.3 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).

2. MBA Colleges in Mumbai Highlights
More than 200 hundred MBA colleges including many top colleges in Mumbai, offer quality management education. Recently added IIM Mumbai also makes Mumbai a cherished dream of aspirants to pursue management education from the Management Institutes in Mumbai. Key highlights of doing MBA from Mumbai are:

3. List of Top Ranked MBA Colleges in Mumbai
Indeed, Mumbai is India’s leading MBA destination. Based on reputed Rankings, Top 5 MBA colleges in Mumbai are SPJIMR Mumbai, NMIMS Mumbai, IIT Bombay, NITIE Mumbai, JBIMS Mumbai. If we expand this list, then K J Somaiya, Welingkar, BITSOM, SDA Bocconi, SIMSREE Mumbai, SIES Mumbai, IBS Mumbai are also highly ranked MBA colleges in Mumbai.

4. Top MBA Colleges in Mumbai with Fee Structure
There are plenty of options for MBA in Mumbai. 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. MBA fee range in Mumbai for Government MMS/MBA colleges and other top MBA colleges in Mumbai is also very wide. Do you know that JBIMS Mumbai has hiked its fee by 200% from Rs.2 lakhs to Rs.6 lakhs and still it is low! Other Top MBA Colleges in Mumbai charge between 10-20 lakhs, at par with IIMs. But don’t worry. There are many good MBA colleges that charge between 5-10 lakhs and offer good education and placements. Let’s look at MBA fee in Mumbai for a few select B-schools:

5. Top MBA Colleges in Mumbai with Placement
All the top MBA colleges in Mumbai with placement have a consistently high placement record. They register strong placements with high average salary in the range of Rs.15 to 33 lakhs per annum. Mumbai houses more MBA colleges with Placement record of 100% than in any other city. Besides, average salary in the placement season in Mumbai MBA colleges is rising year after year. Below is shared a list of top MBA/PGDM colleges in Mumbai with Placement

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. MBA Colleges in Mumbai Accepting Top Entrance Exams
So, which are the most popular MBA exams accepted by colleges in Mumbai, which are the best MBA Colleges with Cut off? All these queries are answered below. 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. Besides, MBA colleges with cut off in shortlisting for admission have a range of 60 percentile to 99 percentile in various entrance exams like CAT, XAT, GMAT, CMAT, MAT, ATMA.

7.1 MBA Colleges in Delhi accepting CAT, XAT, CMAT, MAT, NMAT
Shared below in detail are the most popular National MBA exams accepting MBA/PGDM colleges in Mumbai

7.1.1 MBA Colleges in Mumbai accepting CAT, XAT, NMAT
MBA colleges in Mumbai shortlist and offer admission to their flagship MBA/PGDM programmes on the basis of CAT and XAT exams.

A student’s favourite, SPJIMR Mumbai and NITIE-IIM Mumbai, SJMSOM-IIT Mumbai and IIM Nagpur are some of the best MBA colleges in Mumbai which accept only CAT exam score and their placements are at par with top IIMs. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai with low fee structure, strong alumni base and high placements is the top autonomous MBA college of Mumbai University which also accepts CAT score. The CAT score cut off at JBIMS is 95+ percentile!

K J Somaiya Institute of Management accepts CAT, XAT and NMAT score. SIMSREE, SIES, SDA Bocconi are other good MBA colleges in Mumbai who accept CAT and XAT 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.

7.1.2 MBA Colleges in Mumbai accepting CMAT, MAT
If you don’t have a high CAT or XAT score, don’t worry. Most MBA colleges in Mumbai like K J Somaiya Institute of Management Mumbai, Welingkar, Chetana’s Institute of Management and Research, SIES Mumbai, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, DSIMS Mumbai, Guru Nanak Institute of Management Studies (GNIMS), BVIMSR, Mumbai; offer admissions based on CAT, XAT, CMAT/MAT or both CMAT and MAT exam scores. If you have 70 to 90+ percentile score in CMAT or MAT, you stand a good chance.

7.1.3 MBA Colleges in Mumbai accepting MAHCET; Cut offs
MBA/MMS programme is the low fee high RoI flagship 2 years full time MBA programme offered by 330+ MBA colleges in Mumbai & rest of Maharashtra on the basis of state level MBACET exam conducted by Government of Maharashtra. The MMS or MBA in Mumbai through Government counselling is a low fee and high RoI management programme. Top MBA colleges like JBIMS Mumbai, SIMSREE Mumbai, K J Somaiya Institute of Management Mumbai, DSIMS Mumbai, SIES Mumbai, IES MCRC Mumbai, ITM Navi Mumbai, VESIM Mumbai, also accept MAHCET exam score for admission.

15% seats are reserved for All India category candidates in MBA colleges in Mumbai and rest of Maharashtra accepting MBACET scores. There are about 40000 total MBA/MMS/PGDM seats in MBA colleges in Maharashtra through DTE, Government of Maharashtra counselling. Read all about MBACET MBA exam