Mumbai, the financial and business capital of India, is also among the top MBA destinations in the country. Indeed, Mumbai is one of India’s leading MBA destinations. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is also a hub of education in management, technology, and allied sectors. Master of Business Administration MBA is one of the most popular postgraduate programs in Mumbai. The two-year program is a gateway to a plethora of job opportunities in the corporate world.

Based on reputed rankings, among the top 10 MBA colleges in Mumbai, some of them are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai, and NITIE Mumbai. If we expand this list, then SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, and Kohinoor Business School are also highly ranked MBA colleges in Mumbai. All these management institutes make Mumbai a preferred MBA destination. An MBA professional must possess qualities like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc.

MBA Colleges in Mumbai Eligibility Criteria

The eligibility criteria for MBA courses may differ from college to college. However, the basic eligibility criteria for Top MBA Colleges in Mumbai are as follows:

Candidates must have passed graduation in any discipline or equivalent from a recognized university as a basic eligibility criterion for MBA (full-time).

Most of the institutes follow the minimum score criteria for graduation which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.

Final-year graduation candidates are also eligible to apply for MBA, provided they present proof of completion of graduation degree within the duration specified by the institute.

MBA Colleges in Mumbai with NIRF Ranking

NIRF ranking is given to the MBA colleges in Mumbai on the basis of teaching, learning & resources, research and professional practice, graduation outcomes, and peer perception. Candidates can check the list of top MBA colleges in Mumbai and their NIRF 2020 .

How affordable is studying MBA in Mumbai?

Based on the below pie chart, it can be estimated that pursuing MBA in Mumbai is very expensive as approximately 48% of the colleges have course/annual fees of more than Rs 5 lakh. Some of these colleges are :

Shailesh J. Mehta School of Management, IIT Bombay
Indian Institute of Management, Indore - Mumbai Campus
ITM Business School
School of Management, D.Y. Patil University
Kohinoor Business School
ASM's Institute of Management & Computer Studies
Vivekanand Education Society Institute of Management Studies and Research
CII School of Logistics, Amity University- Mumbai

The fees of around 24% of colleges range between Rs 3-5 lakh. Some of these colleges are:

Jankidevi Bajaj Institute of Management Studies
Sasmira's Institute of Management Studies and Research
GNVS Institute of Management
Sir M. Visvesvaraya Institute of Management Studies and Research
Garware Institute of Career Education and Development, University of Mumbai
Regenesys Institute of Management
Chetana's Ramprasad Khandelwal Institute of Management and Research

Approximately 11% of MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:

Sinhgad Institute of Business Management
ASM's Institute of Management & Computer Studies
MGM Institute of Health Sciences
Harkisan Mehta Institute of Media, Research and Analysis
Rustomjee Business School
K. Institute of Management Studies and Research
Sheila Raheja School of Business Management & Research

The fees of around 11% of colleges are between Rs 1-2 lakh. Some of these colleges are:

Sydenham Institute of Management Studies Research and Entrepreneurship Education
Tata Institute of Social Sciences
Jankidevi Bajaj Institute of Management Studies
National Institute of Event Management
Mahavir Education Trust's Shah and Anchor Kutchhi Engineering College
C. Patil College of Engineering

Only around 6% of MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:

Tata Institute of Social Sciences
L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center
National Institute of Event Management
NIBMS
FINPLAN - International Institute of Management
Institute of Business Management Studies

Which are the top 10 colleges in Mumbai for MBA?

Top MBA colleges in Mumbai offer a 2-year MBA program through online, part-time, full-time, and Distance Education Learning modes of study. A total of 6 MBA colleges in Mumbai are ranked by NIRF. Being the Financial Capital of India, Mumbai MBA colleges offer these courses with various specializations like Finance, Sales and Marketing, Business Economics, IT and Systems, International Business, and Supply Chain Management, among others.

The basic eligibility criteria for admission in MBA courses is that the candidate must have scored 50% or above in undergraduate from any discipline.
MBA Admission in Mumbai is given based on the entrance exam scores, personal interviews, and group discussions.
Popular entrance exams accepted for MBA colleges in Mumbai are CAT, MAT, XAT, CMAT, NMAT, ATMA, and SNAP.
Top private colleges in Mumbai offering admission to MBA are- SPJIMR - S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, and Prin. L. N. Welingkar Institute of Management Development and Research, etc.
IIT Bombay and NITIE are among the top government institutes in Mumbai to pursue MBA courses.
The average cost to study MBA in Mumbai ranges from INR 60,000 to 20 Lakhs per annum.
Top companies like Accenture, Deloitte, Google, IBM, Amazon, etc are invited by the top MBA colleges in Mumbai. The average placement package offered by these companies is around 18-30 Lakhs.

Is MBA in Mumbai Good?

Indeed, Mumbai is one of India's leading MBA destinations. Based on reputed Rankings, the Top 5 MBA colleges in Mumbai are SPJIMR Mumbai, NMIMS Mumbai, IIT Bombay, NITIE Mumbai, and JBIMS Mumbai. Mumbai, the financial and business capital of India, is also among the top MBA destinations in the country. Indeed, Mumbai is one of India's leading MBA destinations. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is also a hub of education in management, technology, and allied sectors.

How can I do MBA in Mumbai?

Firstly, candidates have to qualify for the entrance examination. The exams will be organized at the national, state, and university levels. After qualifying for the test, candidates also have to clear the other admission rounds like group discussion (GD), personal interview (PI) & written ability test (WAT), etc

Entrance Exams

Students can apply through MAH CET 2022 for admission to the MBA course. MAH CET is a state-level examination organized by the Directorate of Technical Education, Maharashtra for admissions in MBA/MMS/ PGDBM/PGDM courses. Admission will also be done on the basis of CAT 2022, MAT 2022, XAT 2022 & CMAT scores. IBS Business School organizes its own entrance test named IBSAT 2022 for providing admission to management courses.

Top Management Colleges in Mumbai

There are various public and private colleges situated in Mumbai, which offer admission to the MBA program. Some of the top MBA colleges in Mumbai are Shailesh J Mehta School of Management – Indian Institute of Technology, Bombay, National Institute of Industrial Engineering, NMIMS University School of Business Management, etc.

Selection Procedure

Candidates have to clear the entrance test to get admission to the MBA program. After that, candidates will have to participate in the counseling procedure organized by their respective colleges. Other colleges may also organize their own admission rounds like GD, PI, etc. Students have to quality these rounds to get admission. The final selection will be made on the basis of entrance test, category & other admission rounds. Some colleges may also give admission on the basis of the merit list of the qualifying exam.

Documents Required

Candidates will have to bring the original documents along with Xerox copies for the verification process. Documents required for verification are given below:

10^th class mark sheet & passing certificate
12^th class mark sheet & passing certificate
Graduation certificates
Admit card & rank card of entrance exam (if any)
Category certificate (if required)
Domicile certificate (for state quota)

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, and SEBI are all headquartered here. Hence, it is one of the world's top ten centers of global financial transactions. The corporate headquarters of leading Indian companies and MNCs like Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, and Aditya Birla Group are also in Mumbai. Mumbai is also the media, advertising, and entertainment capital of India.

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 the 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 the 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.

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, and NMIMS, Mumbai also has leading institutions like IIT Bombay and Tata Institute of Social Sciences (TISS).

MBA Colleges in Mumbai without Entrance Exam

Obtaining an MBA degree implies entering the world of business and management in order to prepare for a fulfilling career. An MBA degree guarantees not only a higher income but also a reliable and stable job. Many applicants find it difficult to secure admission to the B-school of their choice since competition grows year after year. However, there are several colleges that admit students directly without having to take an entrance exam. Direct MBA admission is available at most non-IIM MBA institutions and privately deemed universities in India. Without taking an entrance exam, applicants can gain admission to these institutions. The direct MBA admissions process is basic and uncomplicated, with only a few phases in the selection process. For students who wish to apply for a direct admission MBA program in India, without taking any entrance exams, obtain direct MBA entry to top B-schools in India. Eligibility, admission process, a complete overview of direct MBA admission in Mumbai, as well as a list of universities that offer direct admission and guidelines to follow before enrolling in an MBA program, are given below :

Top 20 MBA Colleges in Mumbai Offering Direct MBA Admission

Name of the College	Fees
Athena School of Management	12.0 Lakh
K J Somaiya Institute of Management Studies And Research	12.76 Lakh
ATLAS SkillTech University Mumbai	10.45 Lakh
SDA Bocconi Asia Centre	18.60 Lakh
ITM Institute of Financial Markets	9.20 Lakh
L. N. Welingkar Institute of Management. Development & Research	13.44 Lakh
K J Somaiya Institute of Management Studies And Research	12.76 Lakh
Narsee Monjee Institute of Management Studies	18.5 Lakh
MET Institute of Computer Science	6.39 Lakh
SIES College of Management Studies	7.2 Lakh
Universal Business School MBA/MMS	8.48 Lakh
SP Jain Institute of Management & Research	17.85 Lakh
Thakur Institute of Management Studies and Research	8.50 Lakh
ICFAI Business School	8.01 Lakh
IIMI-MC, Indore – Mumbai Campus	15.00 Lakh
International College of Financial Planning	6.50 Lakh
ITM Group of Institutions	9.3 Lakh
K J Somaiya Institute of Management Studies And Research	12.76 Lakh
Amity University	7.44 Lakh
Regenesys Business School	11.48 Lakh

Eligibility Criteria and Documents Required for Direct Admission

The Eligibility criteria and admission criteria of every management institution differ. To review and choose the applicants for admission, several B-schools establish their own unique eligibility requirements. MBA aspirants seeking direct admission to MBA institutions in India must meet the following requirements and also meet the eligibility requirements stated by the respected institute.

Graduation with a minimum 50% – 60 % CGPA, 45 % or higher in the case of reserved categories.
Students who are in the final year of graduation can also apply, provided they produce a letter from the prescribed authority that the candidate is awaiting results.
Candidates will be selected on the basis of their scores in graduation. It must be noted that candidates who are opting for the management quota should have satisfied the eligibility criteria.
Failure in the submission of the eligibility documents might lead to disqualification.
Based on the parameters considered for admission, the graduation scores may also be considered for admission.
Candidates who excel in sports and candidates who have prior work experience can consider all these factors as a bonus.

Documents Required for Admission
Transfer Certificates (TC)
Sports/Academia certificates
UG Provisional Certificate/Mark Sheet
Class 10 Marksheet
Class 12 Marksheet
Proof of Identity
Work Experience Certificates (If the candidate has prior work experience)

MBA Colleges In Mumbai