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Mumbai, India's financial and business capital, is also one of the top MBA destinations in the country. Indeed, Mumbai is a popular MBA destination in India. MBA Colleges in Mumbai provide high-quality MBA education as well as high placement rates. It is also a center for education in management, technology, and related fields. The Master of Business Administration, or MBA, is one of Mumbai's most popular post-graduate programs. The two-year program serves as a springboard to a plethora of corporate job opportunities.
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 programs with a wide range of specializations, from finance and marketing to supply chain management and urban planning.
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. The top five MBA Colleges in Mumbai, according to reputable rankings, are NMIMS Mumbai, SPJIMR Mumbai, K J Somaiya Mumbai, JBIMS Mumbai, and NITIE Mumbai. IESMCRC Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, SJMSOM-IIT Mumbai, and Kohinoor Business School are other highly ranked MBA Colleges in Mumbai. NIRF Ranking 2021 places the Indian Institute of Technology - National Institute of Industrial Engineering, [IIT] Bombay, Mumbai, and S. P. Jain Institute of Management & Research at 10, 12, and 19, respectively. Some of the Best MBA Colleges in Mumbai include Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay SPJIMR, and SBM NMIMS. K. C. College of Management Studies - [KCCMS] Mumbai, Mumbai University, ISMS Mumbai, and KJSCCETR Mumbai are among the MBA Colleges in Mumbai with Low fees of INR 60,000. The Best MBA Colleges in India provide lucrative placement opportunities with high pay packages and a high return on investment. The average CTC is INR 18-30 LPA.HCL, Accenture, Axis Bank, Amazon, HDFC, and other top-tier companies participate in placement drives hosted by Top MBA Colleges in Mumbai. The best colleges in Mumbai for MBA in Finance are SPJIMR Mumbai, SJMSOM Mumbai, and SBM NMIMS Mumbai, which are all ranked among the Top 10 MBA Colleges in Mumbai.
Highlights: MBA Colleges in Mumbai
| Parameters | Particulars/Statistics |
|---|---|
| Number of MBA Colleges in Mumbai | 180 Colleges |
| Fees | Annual fee: More than Rs. 5 lakh- 48% Rs. 3-5 lakh- 24% Rs. 2-3 lakh- 11% Rs. 1-2 lakh- 11% Less than Rs. 1 lakh- 6% |
| Top Specialisations | Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital |
| Admission Process | CAT, MAT, XAT, CMAT, ATMA, MAH CET and more. |
| Number of IITs | One |
Top 10 MBA Colleges in Mumbai
Here is the list of Top 10 MBA Colleges in Mumbai which is given below:
| College Name | Average Fees(INR) |
|---|---|
| SPJIMR, Mumbai | 17,50,000 |
| NMIMS, Mumbai | 19,76,000 |
| NITIE Mumbai | 12,53,000 |
| JBIMS Mumbai | 6,00,000 |
| K J Somaiya Institute of Management, Mumbai | 14,94,000 |
| SIES, Mumbai | 7,20,000 |
| SIMSREE, Mumbai | 1,46,000 |
| IESMCRC, Mumbai | 6,00,000 |
| Chetana’s Institute of Management and Research | 6,60,000 |
| SDA Bocconi Asia Center, Mumbai | 18,60,000 |
NIRF Ranking 2021: Top MBA Colleges in Mumbai
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.
· SP Jain, NITIE, Narsee Monjee, and KJ Somaiya are among the other Mumbai colleges ranked by NIRF.
| NIRF 2021 Ranking | College Name | NIRF Score |
|---|---|---|
| 10 | Indian Institute of Technology Bombay | 68.08 |
| 12 | National Institute of Industrial Engineering, Mumbai | 64.52 |
| 19 | S. P. Jain Institute of Management & Research | 58.73 |
| 22 | SVKM's Narsee Monjee Institute of Management Studies | 57.53 |
| 56 | K.J.Somaiya Institute Of Management | 46.68 |
| 72 | Principal L N Welingkar Institute of Management Development and Research | 43.73 |
MBA Colleges in Mumbai with Fees
Here is the list of MBA Colleges in Mumbai with Fees which is given:
| Institute Name | Fees (In Rs lakhs) |
|---|---|
| K J Somaiya Institute of Management | 14.93 |
| Prin. L. N. Welingkar Institute of Management Development & Research | 11.00 |
| IMT Nagpur: Institute of Management Technology | 14.00 |
| SP Jain School of Global Management - Dubai - Mumbai - Singapore - Sydney | 38.78 |
| IIT BOMBAY: Shailesh J Mehta School of Management Mumbai | 8.73 |
| SIES College of Management Studies, Navi Mumbai | 9.00 |
| N. L. Dalmia Institute of Management Studies and Research, Mumbai | 8.70 |
| IES Management College And Research Centre, Mumbai | 8.27 |
| IIM Nagpur: Indian Institute of Management | 13.75 |
| ITM Navi Mumbai: ITM Group of Institutions | 9.3 |
| Chetana’s Institute of Management and Research - CIMR Mumbai | 7.85 |
Top MBA Colleges in Mumbai with Low Fees
The average annual fee for pursuing MBA courses at the Top MBA Colleges in Mumbai is INR 55,000 - 23 Lakhs. The following are the Top MBA Colleges in Mumbai with low fees:
| Name of the College | Average Annual Fees |
|---|---|
| K. C. College of Management Studies - [KCCMS], Mumbai | INR 45,000 |
| Indian School of Management & Studies - [ISMS], Mumbai | INR 44,090 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| K. J. Somaiya Comprehensive College of Education Training and Research - [KJSCE], Mumbai | INR 36,250 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| National Academy of Management Studies - [NAMS], Mumbai | INR 25,000 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| University of Mumbai, Institute of Distance & Open Learning - [IDOL], Mumbai | INR 17,625 |
| SNDT Women's University, Centre of Distance Education - [SNDT CDE], Mumbai | INR 15,800 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
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 College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 6,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Thakur Global Business School - [TGBS], Mumbai | INR 4,80,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
Top MBA Colleges in Mumbai: ROI
ROI, or Return on Investment, indicates how profitable it is to pursue a specific course from a specific college. The following are some of the Best Private MBA Colleges in Mumbai in terms of return on investment.
| Name of the College | Course Fee (in INR) | Average Annual Package (In INR) |
|---|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay | 8,67,000 | 21,96,000 |
| Prin. L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center | 17,250 | 8,61,000 |
| SPJIMR, Mumbai | 17,50,000 | 19,50,000 |
| National Institute of Industrial Engineering | 12,53,000 | 10,88,000 |
| Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai | 20,87,000 | 15,00,000 |
Top MBA Colleges in Mumbai Cutoff
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 Mumbai | MBA Cutoff |
|---|---|
| SJMSOM IIT Bombay | 90 (CAT) |
| SP Jain (SPJIMR) | 92 (CAT) |
| Narsee Monjee (NMIMS) | 209 (NMAT) |
| KJ Somaiya | 86 (CAT) |
| Welingkar (WeSchool) Mumbai | 80 (CAT) |
| NITIE Mumbai | 90 (CAT) |
| SIMSREE Mumbai | 144 (MAHCET) |
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 the list of MBA Colleges in Mumbai without Entrance Exam which is given below:
| Institute | Course offered | Fees(INR) |
|---|---|---|
| A.C Patil College of Engineering (ACPEC) | MBA | 1.82 Lakh |
| Aditya Institute of Management Study and Research | MBA/MMS | 7.60 Lakh |
| Amity Global Business School AGBS Mumbai | MBA | 6.24 Lakh |
| Amity University (AU Mumbai) | MBA/MMS | 7.44 Lakh |
| Anjuman-I-Islams Allana Institute of Management Study(AIAIMS) | MBA/MMS | 1.20 Lakh |
| Aruna Manharlal Shah Institute of Management and Research (AMSIMR) | MBA | 3.0 Lakh |
| Atharva Institute of Management studies | MBA | 7.68 Lakh |
| Athena School of Management | MBA/MMS | 12.0 Lakh |
| BVIMSR | MBA/MMS | 4.59 Lakh |
| Chetana's Institute of Management and Research(CMIR) | MBA/MMS | 7.50 Lakh |
| Chetana’s Ramprasad Khandelwal Institute of Management & Research (CRKIMR) | MBA/MMS | 3.63 Lakh |
| D.Y. Patil University School of Management(DYPUSM) | MBA | 7.80 Lakh |
| Deviprasad Goenka Management College of Media Studies(DGMC) | MBA | 6.45 Lakh |
| Don Bosco Institute of Management and Research(DBIMR) | MBA | 2.9 Lakh |
| Durgadevi Saraf Institute of Management Studies(DSIMS) | MBA | 7.80 Lakh |
| Evolve Business School (EBS-Mumbai) | MBA/MMS | 5.0 Lakh |
| FOSTIIMA Business School(FBS Mumbai) | MBA/MMS | 7.75 lakhs |
| Garware Institte of Career Education and Development | MBA | 1.0 Lakh |
| GNVS Inst. of Management (GNVSIM) | MBA | 4.50 Lakh |
| Guru Nanak Inst. of Management Studies (GNIMS) | MBA | 6.00 Lakh |
| H.K. Inst. of Management Studies and Research (HKIMSR) | MBA | 2.03 Lakh |
| ICFAI Business School (IBS MUMBAI) | MBA/MMS | 8.01 Lakh |
| IES Management College And Research Centre | MBA/MMS | 7.2 Lakh |
| IIMI-MC, Indore – Mumbai Campus | MBA | 15.00 Lakh |
| Indira Institute of Business Management (IIBM) | MBA/MMS | 2.25 Lakh |
| Institute of Business Studies and Research (IBSAR) | MBA/MMS | 4.95 Lakh |
| Institute of Management and Computer Studies (IMCOST) | MBA/MMS | 3.0 Lakh |
| International College of Financial Planning (ICOFP) | MBA | 6.50 Lakh |
| International Institute of Sports Management (IISM) | MBA/MMS | 6.50 Lakh |
| ITM Group of Institutions (ITMBS) | MBA | 9.3 Lakh |
| ITM Institute of Financial Markets (ITM IFM) | MBA/MMS | 9.20 Lakh |
| Jamnalal Bajaj Inst. of Management Studies (JBIMS) | MBA/MMS | 6.0 Lakh |
| Jankidevi Bajaj Inst of Management Studies (JDBIMS) | MBA | 1.70 Lakh |
| K J Somaiya Institute of Management Studies And Research (SIMSR) | MBA | 12.76 Lakh |
| K.C.College of Engineering and Management Study and Research (KCCOE) | MBA/MMS | 2.54 Lakh |
| Kohinoor Business School (KBS) | MBA | 5.50 Lakh |
| Lala Lajpatrai Institute of Management (LLIM) | MBA | 2.929 Lakh |
| Maratha Mandir Babasaheb Gawde Institute of Management Sciences ( MMBGIMS ) | MBA | 2.0 Lakh |
| Meghnad Desai Academy of Economics (MDAE) | MBA/MMS | 5.75 Lakh |
| MET Institute Management (METIM) | MBA/MMS | 1.99 Lakh |
| MET Institute of Computer Science (METICS) | MBA/MMS | 6.39 Lakhs |
| N. L. Dalmia Institute of Mngt. Studies and Research (NLDALMIA) | MBA/MMS | 8.7 Lakh |
| Narsee Monjee Inst of Management Studies (NMIMS) | MBA | 16.0 Lakh |
| Narsee Monjee Institute of Mgmt Studies (NMIMS) | MBA/MMS | 18.5 lakh |
| National Institute of Industrial Engineering (NIIE) | MBA/MMS | 8.19 lakh |
| Navinchandra Mehta Institute of Technology and Development (NMITD) | MBA | 2.60 Lakh |
| NCRD SIMS | MBA | 3.12 Lakh |
| PIMSR | MBA | 3.90 Lakh |
| Prin. L. N. Welingkar Institute of Mangt. Development & Research (WE SCHOOL) | MBA/MMS | 13.44 Lakh |
| Rajeev Gandhi College of Management Studies (RGCMS) | MBA/MMS | 2.00 Lakh |
| Regenesys Business School | MBA/MMS | 11.48 Lakh |
| Rizvi Institute of Mgmt. Studies and Research (RIMSR) | MBA/MMS | 3.36 Lakh |
| Rustomjee Business School (RBS) | MBA | 3.68 Lakh |
| Shah and Anchor Kutchhi Engineering College (SAKEC) | MBA | 2.54 Lakh |
| SIES College of Management Studies (SIESCOMS) | MBA | 7.2 Lakh |
| Sinhgad Institute of Business Management (SIBM) | MBA | 2.50 Lakh |
| Sir M Visvesvaraya Institute of Mgmt. Studies and Research (SVIMS) | MBA | 3.99 Lakh |
| SP Jain Institute of Management & Research (SPJIMR) | MBA/MMS | 17.85 lakhs |
| SP Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney | MBA | 28.87 Lakh |
| St. Francis Inst. of Management & Research (SFIMAR) | MBA/MMS | 4.02 Lakh |
| Sydenham Institute of Mgmt StudyStudy, Research and Entrepreneurship Education (SIMSREE) | MBA/MMS | 1.36 Lakh |
| Tata Institute of Social Science (TISS) | MBA | 0.96 Lakh |
| Thadomal Shahani Centre for Management | MBA/MMS | 9.50 Lakh |
| Thakur Institute of Management Studies and Research | MBA/MMS | 8.50 Lakh |
| Universal Business School (UBS Mumbai) | MBA/MMS | 8.48 Lakh |
| Vidyalankar Institute of Technology | MBA | 2.99 Lakh |
| Vivekanand Education Society Institute of Management Studies | MBA | 6.50 lakh |
| Xavier Institute Management and Research | MBA | 2.24 Lakh |
| YMT College of Management(YCOM) | MBA | 3.02 Lakh |
| Mumbai Institute of Management & Research (MIMR) | MBA/MMS | 2.63 Lakh |
| National Institute of Securities Markets (NISM) | MBA/MMS | 8.0 Lakh |
| Parle Tilak Vidyalaya Associations (PTVAIM) | MBA/MMS | 2.98 Lakh |
| S P More College (SPMC) | MBA | 4.0 Lakh |
| Saket College of Management (PRTSAKET) | MBA/MMS | 2.68 Lakh |
| Sheila Raheja School of Business Management and Research (SRBS) | MBA/MMS | 2.48 Lakh |
| Smt. Jayshree Sharadchandra Kothari Business School (JSKB) | MBA | 4.5 Lakhs |
| Uma Krishna Shetty Institute of Mgmt Studies & Research (UKS) | MBA/MMS | 3.0 Lakh |
Frequently Asked Question
Q1. How much does it cost to do MBA in Mumbai?
Ans. You can see the Top MBA Colleges in Mumbai Fees structure through this article.
Q2. How can I get Admission to an MBA in Mumbai?
Ans. Students can apply for admission to the MBA program through the MAH CET 2021. MAH CET is a state-level examination held by the Maharashtra Directorate of Technical Education for admissions to MBA/MMS/PGDBM/PGDM programs. Admission will also be based on CAT 2021, MAT 2021, XAT 2021, and CMAT scores.
Q3. Which private College is best for MBA?
Ans. The following are some of the best private MBA colleges in Mumbai:
- Amity Global Business School
- Jamnalal Bajaj Institute of Management Studies-JBIMS
- SP Jain Institute of Management and Research-SPJIMR
- K J Somaiya Institute of Management Studies and Research
- SIES College of Management Studies
Q4. Can I do MBA after B.Com.?
Ans. You can pursue an MBA after completing a B.Com. course.
Q5. What are the fees for the CAT exam?
Ans. The CAT 2019 registration fee is INR 1900 for General and OBC candidates and INR 950 for SC/ST/PWD candidates.
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