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Best MBA Colleges in Mumbai

Top MBA Colleges in Mumbai 2022 includes SPJIMR, SBM NMIMS, IIT Bombay, Shailesh J. Mehta School of Management- [SJMSOM] and more. In This article you will find Top MBA Colleges in Mumbai and Best MBA colleges in Mumbai, and MBA Colleges in Mumbai with Fees and more.

 Saurav Anand 24/09/2022
Best MBA Colleges in Mumbai
Best MBA Colleges in Mumbai

Best MBA Colleges in Mumbai 2022

Top MBA Colleges in Mumbai 2022 include SPJIMR, SBM NMIMS, IIT Bombay, Shailesh J. Mehta School of Management- [SJMSOM], and more. In This article, you will find the Top MBA Colleges in Mumbai and Best MBA colleges in Mumbai, and MBA Colleges in Mumbai with Fees and more. Many Top MBA colleges in Mumbai offer MBA (Master of Business Administration) and PGDM (Postgraduate Diploma in Management) programs online, in person, and in distance learning. Over 260 top MBA colleges are located in Mumbai, also known as India‚Äôs ‚ÄúCity of Dreams‚ÄĚ and the ‚ÄúFinance Capital.‚ÄĚ Over 57 Top MBA colleges in Mumbai have gained approval from the AICTE, whereas 17 have been approved by the UGC. 

MBA colleges in Mumbai¬†with fees¬†that range from Indian Rupees 50,000 to 30 lakhs per year, depending on the college. KCCMS Mumbai, Mumbai University, and KJSCCETR Mumbai are some of the¬†top¬†MBA colleges in Mumbai¬†with low fees¬†than INR 60,000. There are some¬†Government MBA Colleges in Mumbai.¬†National Institute of Industrial Engineering ‚Äď [NITIE],¬†Mumbai, Mumbai University ‚Äď [MU], Mumbai, IIT Bombay ‚Äď Indian Institute of Technology ‚Äď [IITB], Mumbai,¬†and more are on the list of¬†Top 10 Government¬†MBA Colleges in Mumbai. NMIMS, Mumbai, SPJIMR, Mumbai, JBIMS Mumbai, NITIE Mumbai, K J Somaiya Institute of Management, Mumbai, SIMSREE, Mumbai, SIES, Mumbai, Chetana‚Äôs Institute of Management and Research, IESMCRC, Mumbai, and SDA Bocconi Asia Center, Mumbai are the¬†Top 10¬†MBA Colleges in Mumbai.¬†.¬†There are¬†Top MBA colleges in Pune 2022, such as MU College of Commerce and National Insurance Academy ‚Äď [NIA] Pune, offer MBA programs in distance learning regular,¬† and part-time formats. On this website, you will get all details of¬†MBA colleges in Delhi,¬†BBA colleges in Mumbai,¬†and MBA colleges in Bangalore.

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 percent
- Annual fee less than INR 1 lakh: 83.33 percent
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

NMIMS, Mumbai, SPJIMR, Mumbai, JBIMS Mumbai, NITIE Mumbai, K J Somaiya Institute of Management, Mumbai, SIMSREE, Mumbai, SIES, Mumbai, Chetana‚Äôs Institute of Management and Research, IESMCRC, Mumbai, and SDA Bocconi Asia Center, Mumbai are the Top 10 MBA Colleges in Mumbai. Top MBA Colleges in Mumbai and Best MBA Colleges in Mumbai provide MBA and PGDM programs online, offline, and also distance learning. 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

MBA Colleges in Mumbai with Fees 

There are over 106 private MBA Colleges in Mumbai and 11 government MBA Colleges in Mumbai out of 262 MBA colleges in Mumbai. MBA colleges in Mumbai with fees that range from Indian Rupees 50,000 to 30 lakhs per year, depending on the college. Here Is the list of MBA Colleges in Mumbai with fees which is given below:

Institute NameFees (In Rs lakhs)
K J Somaiya Institute of Management14.93
Prin. L. N. Welingkar Institute of Management Development & Research11
IMT Nagpur: Institute of Management Technology14
SP Jain School of Global Management - Dubai - Mumbai - Singapore - Sydney38.78
IIT BOMBAY: Shailesh J Mehta School of Management Mumbai8.73
SIES College of Management Studies, Navi Mumbai9
N. L. Dalmia Institute of Management Studies and Research, Mumbai8.7
IES Management College And Research Centre, Mumbai8.27
IIM Nagpur: Indian Institute of Management13.75
ITM Navi Mumbai: ITM Group of Institutions9.3

Top MBA Colleges in Mumbai with Low Fees

The average annual fee in Top MBA colleges in Mumbai for pursuing MBA programs is INR 55,000 ‚Äď 23 Lakhs. KCCMS Mumbai, Mumbai University, and KJSCCETR Mumbai are some of the top MBA colleges in Mumbai with low fees than INR 60,000. The following are the Top 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 10 Government MBA Colleges in Mumbai

IIT Bombay is one of the Top 10 Government MBA Colleges in Mumbai. National Institute of Industrial Engineering ‚Äď [NITIE], Mumbai, Mumbai University ‚Äď [MU], Mumbai, Women‚Äôs University ‚Äď [SNDT], Mumbai, Hansraj Jivandas College of Education, Mumbai are in the list of 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

Top MBA Colleges in Pune

There are¬†Top MBA colleges in Pune 2022, such as MU College of Commerce and National Insurance Academy ‚Äď [NIA] Pune, which offer MBA programs in distance learning in regular,¬† and part‚Äďtime formats. Here are the Top MBA colleges in Pune¬†along with their fees structure which is given below:

College/ University NameAverage Annual Fees
Symbiosis Institute of Business Management - [SIBM], PuneINR 10,76,000
Symbiosis Centre for Management and Human Resource Development - [SCMHRD], PuneINR 9,60,000
National Insurance Academy - [NIA], PuneINR 9,43,000
Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development - [IMED], PuneINR 2,25,000
Pune Institute of Business Management - [PIBM], PuneINR 7,95,000
Symbiosis Institute of International Business - [SIIB], PuneINR 7,90,000
International Institute of Management Studies - [IIMS], PuneINR 3,96,000
Balaji Institute of Modern Management - [BIMM], PuneINR 4,80,000
Vaikunth Mehta National Institute of Co-Operative Management - [VAMNICOM], PuneINR 3,15,000
Balaji Institute of Management and Human Resource Development - [BIMHRD], PuneINR 4,80,000

MBA colleges in Bangalore 

MBA colleges in Bangalore offer more MBA options in Bangalore by providing high-quality education at a low cost and with a high return on investment. The most prestigious MBA programs in Bangalore are listed alphabetically below. These MBA colleges in Bangalore have provided a diverse range of MBA courses with effective learning and industry interaction over the years, and they are on par with top IIMs. Aside from the top MBA colleges in Bangalore, which are listed in descending order, there are over 100 management institutes in Bangalore that offer quality MBAs in Bangalore. Here is the list of MBA colleges in Bangalore along with their fees structure which is given below:

MBA Colleges in BangaloreType of MBA CollegeFee for MBA College in Bangalore (Rs.in Lakhs)
IIM Bangalore: Indian Institute of ManagementCentral Government Autonomous Institute23.2
TAPMI Manipal: T A Pai Management InstituteAICTE-approved PGDM College15.1
SIBM Bangalore: Symbiosis Institute of Business ManagementSymbiosis International University (SIU) Pune MBA college16
Amrita School of Business, BengaluruAmrita Vishwa Vidyapeetham University, Bengaluru10.6
XIME Bangalore: Xavier Institute of Management and EntrepreneurshipAICTE-approved PGDM College11
Christ University Bengaluru: Institute of ManagementChrist University Bangalore MBA college7.85
Alliance School of Business - Alliance UniversityAlliance University Bangalore MBA college13.5
JAGSOM Bangalore: Jagdish Sheth School of Management BangaloreAICTE-approved PGDM College12
SDMIMD Mysore: SDM Institute For Management DevelopmentAICTE-approved PGDM College11.2
Indus Business Academy - IBA BangaloreAICTE-approved PGDM College8.51

MBA colleges in Delhi

Delhi NCR is home to some of India’s most prestigious government and private MBA colleges. The table below contains a list of the MBA colleges in Delhi NCR, as well as their average annual fee structure:

College/ University NameAverage Annual Fees
Department of Management Studies, Indian Institute of Technology Delhi - IIT Delhi - [DMS IITD]INR 10,80,000 (Total Fees)
LBSIM - Lal Bahadur Shastri Institute of Management, New DelhiINR 7,20,000
Birla Institute of Management Technology - [BIMTECH], Greater NoidaINR 12,00,000 (Total fees)
Faculty of Management Studies, Manav Rachna International Institute of Research and Studies, FaridabadINR 96,000
JIMS Rohini, Sector-5 - Jagan Institute of Management StudiesINR 15,90,000 (Total Fees)
Management Development Institute, GurugramINR 9,43,000
Indian Institute of Foreign Trade - [IIFT], New DelhiINR 9,39,000
IMI Delhi - International Management Institute, New DelhiINR 9,11,850
IIM Rohtak - Indian Institute of ManagementINR 8,35,000
Amity University, NoidaINR 6,08,000

MBA Colleges in Mumbai without Entrance Exam

An entrance exam score is a requirement for admission to any prestigious management institute or business school. A student can also apply for direct admission to an MBA program without taking an entrance exam. Here is a list of MBA colleges in Mumbai without entrance exam scores which is given below:

Institute NameCourse OfferedFees (INR)
A.C Patil College of Engineering (ACPEC)MBA1.82 Lakh
Aditya Institute of Management Study and ResearchMBA/MMS7.60 Lakh
Amity Global Business School AGBS MumbaiMBA6.24 Lakh
Amity University (AU Mumbai)MBA/MMS7.44 Lakh
Anjuman-I-Islams Allana Institute of Management Study(AIAIMS)MBA/MMS1.20 Lakh
Aruna Manharlal Shah Institute of Management and Research (AMSIMR)MBA3.0 Lakh
Atharva Institute of Management studiesMBA7.68 Lakh
Athena School of ManagementMBA/MMS12.0 Lakh
BVIMSRMBA/MMS4.59 Lakh
Chetana's Institute of Management and Research(CMIR)MBA/MMS7.50 Lakh

Top MBA Colleges in Mumbai through CAT

Top MBA colleges in Mumbai shortlist and admit students to their flagship MBA/PGDM programs based on CAT 2021 scores. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai is a student favorite and one of the best MBA colleges in Mumbai, with a low fee structure, and high placements. This top MBA college in Mumbai has a CAT score cut off of 95+ percentile! Other top MBA colleges in Mumbai through CAT 2021 scores include SPJIMR Mumbai, NITIE Mumbai, SJMSOM-IIT Mumbai, Kohinoor Business School, and IIM Nagpur.

MBA Colleges in Mumbai accepting CAT ScoreExpected Cut Off
SPJIMR MumbaiCAT 90-100
IIT BOMBAY MumbaiCAT 80-90
NITIE MumbaiCAT 80-90
K J Somaiya Institute of Management MumbaiCAT 87
BITS School of Management - BITSOMCAT 80-90
Prin. L. N. Welingkar WE School MumbaiCAT 70-80
Vijay Patil School of Management (VPSM): DY Patil University Navi MumbaiCAT 70-80
Institute of Management Technology NagpurCAT 70-80
SDA Bocconi MumbaiCAT 70-80
SIMSREE MumbaiCAT 75

Top MBA Colleges in Mumbai Accepting MAT Score

Admission to the Top MBA colleges in Mumbai requires the Entrance exam. One of the entrance exams is MAT. Here is the list of Top MBA Colleges in Mumbai Accepting MAT Score which is given below:

MBA Colleges in Mumbai Accepting MAT scoreExpected MAT Cut off percentile
SIES School of Business Studies Navi Mumbai80-90
ITM Navi Mumbai60-70
Chetana’s CIMR Mumbai80-90
N. L. Dalmia Institute of Management Studies and Research Mumbai70-80
Vivekanand Business School (VBS) Mumbai70-80
IES Management College And Research Centre (IESMCRC) Mumbai70-80
MET Mumbai70-80
Kohinoor Business School Mumbai70-80
Durgadevi Saraf Institute of Management Studies Mumbai70-80
Vijaybhoomi University Mumbai70-80

Frequently Asked Questions:

Q. Which is the No 1 college in Mumbai?

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

Q. Is an MBA worth it 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.

Q. What are the different specializations offered in MBA colleges in Mumbai?

Ans. The following are the top seven specializations 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.

Q. 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.

Q. 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.

Q. What are the top MBA colleges in Mumbai?

Ans. The top MBA colleges in Mumbai offer different management courses such as MBA and PGDM. The city has 109 private and 10 government MBA colleges at present. Some of the top names in the city offering management education involve IIT Bombay, SP Jain Mumbai (SPJIMR), Narsee Monjee Mumbai (NMIMS), NITIE Mumbai, etc.

Q. How is SJMSOM IIT Bombay for an MBA?

Ans. There are 119 top MBA colleges in Mumbai, out of which 109 are private MBA colleges and 10 are public-funded MBA colleges. The National Institutional Ranking Framework ( NIRF ), India ranks SJMSOM IIT Bombay as the best MBA college in Mumbai. The institute ranked 10 among the top MBA colleges in India.

Q. What are the popular exams to qualify MBA in Mumbai?

Ans. Various exams accepted in Mumbai for MBA admission include CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test score, etc.

Q. What are the average MBA packages offered in JBIMS Mumbai?

Ans. The average MBA packages offered in JBIMS Mumbai and NMIMS Mumbai are INR 18.13 lakh and INR 17.58 lakh in the past years. The popular recruiters in top MBA colleges in Mumbai are Boston Consulting Group, Kotak Mahindra Bank, Brain & Company, Jindal Steel and Power, etc.

Q. What are the best BCom colleges in Mumbai?

  • Mithibai College of Arts (Mithibai College),Chauhan Institute of Science Amrutben Jivanlal College of Commerce and Economics,Mumbai
  • Jai Hind College,Mumbai
  • NM College,Mumbai
  • Xavier's College,Mumbai
  • R. College of Commerce and Economics,Mumbai

Q. What are the top medical colleges in Mumbai?

  • Padmashree Dr.
  • The best government medical colleges in Mumbai include GSMC Mumbai,LTMMC,SJMSOM Mumbai,etc. 
  • Lokmanya Tilak Municipal Medical College Mumbai,TMC Mumbai and PDPU Mumbai are some of the best MBBS colleges in Mumbai.
  • Admissions into the top medical colleges in Mumbai are done through NEET scores followed by a GD/PI round.

Q. Which are the best MBA colleges in Mumbai?

  • NITIE Mumbai - National Institute of Industrial Engineering
  • SJMSOM IIT Bombay - Shailesh J Mehta School of Management,Indian Institute of Technology,Bombay
  • SPJIMR,Mumbai
  • School of Business Management SVKM‚Äôs Narsee Monjee Institute of Management Studies,Mumbai
  • IIM Nagpur
  • JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies

Q. What are the best MBA colleges in the world?

  • Standard GSB,USA. When we talk about MBA colleges; Standard GSB is most remarkable to set your future on a vitality. 
  • IE Business School,Europe. Most of the non-MBA programs are mostly in Europe and the UK are one year in duration. 
  • London Business School,United Kingdom. 
  • Rotman school of management,Canada. 
  • Queensland Business School,Australia. 

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