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MBA Colleges in Mumbai

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Updated on February 26, 2024

 

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

 

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. 

 

Table of Contents

  1. Top MBA Colleges in Mumbai
  2. Best MBA Colleges in Mumbai
  3. Top MBA Colleges in Mumbai with Placement
  4. Top MBA Colleges in Mumbai with Fee Structure
  5. MBA Colleges in Mumbai Accepting Top Entrance Exams
  6. Admission Process in Mumbai MBA Colleges
  7. 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:  

 

4.1Top 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.

  • 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). 

Check list of top colleges in Mumbai below, and click on their name to get complete information.

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MBA CollegesRank & Grade assigned by MBAUniverse.com