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.
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.
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 .
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 :
The fees of around 24% of colleges range between Rs 3-5 lakh. Some of these colleges are:
Approximately 11% of MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:
The fees of around 11% of colleges are between Rs 1-2 lakh. Some of these colleges are:
Only around 6% of MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:
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.
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.
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
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.
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.
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.
Candidates will have to bring the original documents along with Xerox copies for the verification process. Documents required for verification are given below:
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.
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.
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).
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 :
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 |
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.
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) |