Best Colleges in Mumbai

Top MBA colleges in Mumbai provide MBA and PGDM (Postgraduate Diploma in Management) programmes via online, offline, and distance learning modes. Mumbai, also known as the "City of Dreams"
Best Colleges in Mumbai

Best Colleges in Mumbai

Top MBA colleges in Mumbai provide MBA and PGDM (Postgraduate Diploma in Management) programmes via online, offline, and distance learning modes. Mumbai, also known as the “City of Dreams” or the “Finance Capital of India,” is home to over 260 top MBA colleges in India. AICTE has approved 57 mba colleges in Mumbai, while UGC has approved 17 of them. The best MBA college in Mumbai provides MBA programmes with a wide range of specialisations, from finance and marketing to supply chain management and urban planning.

Top MBA colleges in Mumbai with fees can range  from INR 50,000 to 30 Lakhs per year, depending on the college. K. C. College of Management Studies – [KCCMS] Mumbai, Mumbai University, ISMS Mumbai,  and KJSCCETR Mumbai are among the top MBA colleges in Mumbai with low fees than INR 60,000.

The best MBA colleges in India provide placement opportunities with high pay packages and a high return on investment. The Top MBA colleges in Mumbai average Package is INR 18-30 LPA. Accenture, Amazon, HDFC, Axis Bank, HCL, and other top-tier companies participate in placement drives hosted by Mumbai’s top MBA colleges. Six MBA colleges in Mumbai are ranked by NIRF 2021. Sixty percent of the top MBA colleges in Mumbai are run by private organisations, while the remaining forty percent are run by the government MBA colleges in Mumbai. There are approximately 106 private MBA colleges in Mumbai and 11 MBA government colleges in Mumbai out of a total of 262 MBA colleges in Mumbai.

Top MBA colleges in Mumbai with NIRF Ranking 2021 places Indian Institute of Technology – [IIT] Bombay, Mumbai, and S. P. Jain Institute of Management & Research and more. Some of the best MBA colleges in Mumbai include IIT Bombay, Shailesh J. Mehta School of Management (SJMSOM), SPJIMR, and SBM NMIMS. MBA admissions to the best MBA Colleges in Mumbai are typically handled through an entrance exam known as the CAT. Many colleges, however, accept scores from other management entrance exams such as the MAT, CMAT, CET, XAT, ATMA, NMAT, MAH and even the GMAT and GRE.

Best Colleges in Mumbai:Highlights

ParametersParticulars/ Statistics
No. of top MBA colleges in Mumbai (by NIRF)Six
Annual fees- Annual fee more than INR 5 lakh: 16.67 per cent
- Annual fee less than INR 1 lakh: 83.33 per cent
Top specialisationsOperations, Entrepreneurship, Finance, Sales and Marketing, Business Economics, Family Business, Human Resources, IT and Systems, International Business, Retail, among others
Admission ProcessEntrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP

Top 10 MBA Colleges in Mumbai

The top MBA colleges in Mumbai, along with their fees structures, are listed below:

College NameAverage Fees(INR)
SPJIMR, Mumbai17,50,000
NMIMS, Mumbai19,76,000
NITIE Mumbai12,53,000
JBIMS Mumbai6,00,000
K J Somaiya Institute of Management, Mumbai14,94,000
SIES, Mumbai7,20,000
SIMSREE, Mumbai1,46,000
IESMCRC, Mumbai6,00,000
Chetana’s Institute of Management and Research6,60,000
SDA Bocconi Asia Center, Mumbai18,60,000

Top MBA Colleges in Mumbai with NIRF Ranking 2021

The Ministry of Human Resource Development, Government of India, manages the NIRF (National Institutional Ranking Framework), India’s premier ranking agency. It publishes rankings for various colleges in India, which are divided into eight categories. NIRF has named IIT Bombay the best MBA College in Mumbai. The national ranking agency has assigned the institute a ranking of 11 in India for 2021. Despite being ranked as the best in Mumbai, the institute’s ranking has dropped by one position since 2022. NITIE, Narsee Monjee, SP Jain, and KJ Somaiya are among the other Mumbai colleges ranked by NIRF.

NIRF 2021 RankingCollege NameNIRF Score
10Indian Institute of Technology Bombay68.08
12National Institute of Industrial Engineering, Mumbai64.52
19S. P. Jain Institute of Management & Research58.73
22SVKM's Narsee Monjee Institute of Management Studies57.53
56K.J.Somaiya Institute Of Management46.68
72Principal L N Welingkar Institute of Management Development and Research43.73

Top 10 Government MBA Colleges in Mumbai

The following is a list of the top 10 MBA colleges in Mumbai, along with their average annual fees:

Name of the CollegeAverage Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], MumbaiINR 6,91,000
National Institute of Industrial Engineering - [NITIE], MumbaiINR 7,03,000
IIT Bombay - Indian Institute of Technology - [IITB], MumbaiINR 50,400
Mumbai University - [MU], MumbaiINR 55,000
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], MumbaiINR 1,00,905
Hansraj Jivandas College of Education, MumbaiINR 6,600
Thakur Institute of Management Studies and Research - [TIMSR] MumbaiINR 63,791
Vikas Night College of Arts Science and Commerce, Mumbai-
Thakur Global Business School - [TGBS], MumbaiINR 4,80,000
Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], MumbaiINR 1,99,000

Best MBA Colleges in Mumbai with Low Fees

The average annual fee for pursuing MBA courses at the best MBA colleges in Mumbai is INR 55,000 – 23 Lakhs. The following are the best MBA colleges in Mumbai with low fees:

Name of the CollegeAverage Annual Fees
K. C. College of Management Studies - [KCCMS], MumbaiINR 45,000
Indian School of Management & Studies - [ISMS], MumbaiINR 44,090
Mumbai University - [MU], MumbaiINR 55,000
K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], MumbaiINR 36,250
IIT Bombay - Indian Institute of Technology - [IITB], MumbaiINR 50,400
National Academy of Management Studies - [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, MumbaiINR 6,600
University of Mumbai, Institute of Distance & Open Learning - [IDOL], MumbaiINR 17,625
SNDT Women's University, Centre of Distance Education - [SNDT CDE], MumbaiINR 15,800
Thakur Institute of Management Studies and Research - [TIMSR] MumbaiINR 63,791

Top MBA Colleges in Mumbai: ROI

Return on Investment (ROI) of MBA colleges in Mumbai is the value for money obtained from a college course. ROI can be calculated using the course fee and the college’s average placement package. The course fee is the student’s investment, and the average annual package is the expected return on that investment. IIT Bombay and SPJIMR are regarded as the best MBA colleges in Mumbai in terms of return on investment. The table below lists the top-ranked MBA programmes with the highest return on investment.

Name of the CollegeCourse Fee (in INR)Average Annual Package (In INR)
Shailesh J. Mehta School of Management, IIT Bombay8,67,00021,96,000
Prin. L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center17,2508,61,000
SPJIMR, Mumbai17,50,00019,50,000
National Institute of Industrial Engineering12,53,00010,88,000
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai20,87,00015,00,000

Best MBA Colleges in Mumbai Cut Off

Different colleges admit students based on various criteria such as entrance exams and merit lists. The majority of colleges in Mumbai accept MAT scores, as well as CAT and CMAT scores. Some of the top MBA colleges in Mumbai, along with their cutoff scores, are listed below.

Top MBA Colleges in MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Frequently Asked Questions

1. Wait. What is WordPress?

Ans. In this you can find Top 10 MBA colleges in Mumbai with their fees structure.

2. Is MBA worth in Mumbai?

Ans. At the Mumbai campus, the highest salary for the MBA HR batch was INR 21 LPA. PPOs were also awarded to 24 percent of the MBA Core batch and 23 percent of the MBA HR batch during the placement. The MBA program's average salary was 18.45 LPA.

3. What are the different specialisations offered in MBA colleges in Mumbai?

Ans. The following are the top seven specialisations offered by MBA colleges in Mumbai: Finance Entrepreneurship Operations Marketing and sales Business Economics, Family Business, and Human Resources are all terms used in the business world.

4. Which is the best college for MBA in Mumbai based on placements?

Ans. National Institute of Industrial Engineering (NITIE), Mumbai Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai SPJIMR, Mumbai KJ Somaiya Institute of Management, Mumbai NMIMS School of Business Management, Mumbai are the top five MBA colleges in Mumbai in terms of placements.

5. Which MBA Colleges in Mumbai provide the best study material?

Ans. All of the institutes on our list of the Best MBA Colleges in Mumbai offer excellent study materials, but Rank 1 is widely regarded as the best by students.
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