Top 20 MBA colleges in Mumbai 2022: Ranking, Fees, Admission

Top 20 MBA colleges in Mumbai 2022 Ranking, Fees, Admission


Top 20 MBA colleges in Mumbai 2022 is the list of government MBA colleges in Mumbai with fees as well as Top 20 MBA colleges in Mumbai 2022 through the cat. IIT Bombay tops in the list of Top 10 government MBA colleges in Mumbai. The Top 20 MBA colleges in Mumbai 2022 also come in the list of top MBA Colleges in India due to their popularity among students.

Top 20 MBA colleges in Mumbai 2022 2022 offer online, offline, and distance learning MBA and PGDM (Postgraduate Diploma in Management) programmes. More than 260 of India’s best MBA colleges are located in Mumbai, also known as the “City of Dreams” or the “Finance Capital of India.” In Mumbai, the AICTE has authorised 57 MBA programmes, while the UGC has approved 17. At the Best MBA institutes in Mumbai, MBA programmes are provided in a number of specialities, ranging from the Best MBA colleges in Mumbai for finance and the Best MBA colleges in Mumbai for Marketing to supply chain management and urban planning.

  • Out of a total of 262 MBA colleges in Mumbai, there are approximately 106 private MBA colleges in Mumbai and 11 government MBA colleges in Mumbai
  • According to the NIRF Ranking 2021, the Indian Institute of Technology (IIT) Bombay, National Institute of Technology (NIT) Bombay, and Indian Institute of Technology (IIT) Bombay are few of the Top 20 MBA colleges in Mumbai 2022.
  • The Shailesh J. Mehta School of Management [SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are among the best MBA institutes in Mumbai. A test known as the CAT is used to select MBA admissions to the Best MBA Colleges in Mumbai.
  • Many colleges accept scores from other management admission tests, such as the MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even the GMAT and GRE. IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies – [BVCHTMS] Navi Mumbai, and ITM Institute of Hotel Management – [ITM-IHM] Mumbai are some of the leading hotel management institutes in Mumbai.t
  • Tuition for MBA/PGDM programmes at the Top 20 MBA colleges in Mumbai in 2022 might range from INR 50,000 to INR 30 lakhs per year, depending on the university.
  • With fees under INR 60,000, K. C. College of Management Studies – [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai are among the Top 20 MBA colleges in Mumbai 2022 2022.
  • The best MBA colleges in India offer good placement opportunities, competitive salaries and a high return on investment. CTCs typically range between INR 18 to 30 LPA.
  • Top-tier firms including Accenture, Amazon, Axis Bank, HCL, HDFC, and others engage in placement drives hosted by Mumbai’s premier MBA campuses.
  • SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai, all listed among the Top 20 MBA colleges in Mumbai 2022, are among the best colleges in Mumbai for MBA in Finance.

Top 20 MBA colleges in Mumbai 2022

Here is the list of the Top 20 MBA colleges in Mumbai 2022. MBA Colleges in Mumbai with fees are mentioned below:-

College NameAverage Fees(INR)
SPJIMR, Mumbai1750000
NMIMS, Mumbai1976000
NITIE Mumbai1253000
JBIMS Mumbai600000
Tata Institute of Social sciences (TISS)120000
Shailesh J. Mehta School of Management (SJIMSOM)255000
Welingkar Institute of Management Development and Research12,00,00-14,00,000
ITM Business School1000000
N.L. Dalmia Institute of Management Studies and Research ( NLDMISR )2700000
ICFAI Business SchoolAround 4,50,000
Universal Business School1000000
School pf Management, D.Y Patil500000
K J Somaiya Institute of Management, Mumbai1494000
SIES, Mumbai720000
SIMSREE, Mumbai146000
IESMCRC, Mumbai600000
Chetana’s Institute of Management and Research660000
SDA Bocconi Asia Center, Mumbai1860000
IES Management College and Research Centre700000
Swayam siddhi college of Management and Research (SSCMR)150000

About Top 20 MBA colleges in Mumbai 2022

Here are the details about the Top 20 MBA colleges in Mumbai 2022, and the Top 20 MBA colleges in Mumbai 2022 with placements.

Top 20 MBA colleges in Mumbai 2022:- SPJIMR

SPJIMR Mumbai is a private management school that received a NIRF ranking of #19 in 2021 and a QS World University Ranking of #151–200 in 2022. The SP Jain Institute of Management at the Bharatiya Vidhya Bhawan is accredited by the NBA, UGC, and AACSB (Association of Advance Collegiate Schools of Business). The college offers full-time residential programmes such as the PGDM, PGPM, GMP (Global Management Program), PGMPW (Post Graduate Management Program for Women), and FPM. The college offers five family business management courses, two entrepreneurship programmes, two global programmes, one executive programme, and three social sector programmes. The PGEMP executive management programme is accessible at the Mumbai campus, while the PGPGM programme is available at the Delhi campus. Look into it.


ParticularsPlacement Statistics(2019-20)Placement Statistics (2020-21)
No. of Companies visited170+150+
Highest CTC (Domestic)INR 38.57 LPAINR 34.72 LPA
Highest CTC (International)INR 58.61 LPA
CTC of Top 50 StudentsINR 25.16 LPA
CTC of Top 100 StudentsINR 22.89 LPA
CTC of Top 150 StudentsINR 21.55 LPA
CTC of Top 200 StudentsINR 20.16 LPA
Average CTCINR 18.33 LPAINR 18.45 LPA
Major SectorsIT, analytics, Consulting, Startup & E-CommerceIT, analytics, Consulting, Startup & E-Commerce
Top RecruitersAbbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, Castrol etcAdidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon etc

Top 20 MBA colleges in Mumbai 2022:- Institute of Management Studies, Narsee Monjee (NMIMS)

NMIMS is a university with 17 specialised schools, over 17,000 students, and over 750 full-time faculty members. MBA, E-MBA, PGDM, and PhD, as well as a few UG, Diploma, and PG diploma programmes, are among the PG and Doctoral management programmes offered by the College. The AICTE-accredited NMIMS Mumbai, known for its MBA/PGDM programme, is ranked 22 in the management category by NIRF in 2021. On a national and international level, NBA, NAAC, AMBA, SAQS, and the Bureau of Indian Standards all certify NMIMS Mumbai programmes. Over 60,000 applications have been received by the Business School for a total of 860 MBA spots.


The final placement report for summer internship placements in 2021 and 2022 has been released by the Narsee Monjee Institute of Management Studies (NMIMS) in Mumbai. The institute’s placement season this year was a big success. NMIMS Mumbai students were able to acquire substantial CTC packages despite the pandemic’s impact.

Top 20 MBA colleges in Mumbai 2022:- Jamnalal Bajaj Institute of Management Studies (JBIMS)

The Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai is both a private management institute and the Department of Management Studies of the University of Mumbai. The Masters in Management Studies (MMS), JBIMS’ flagship programme, is a two-year full-time degree. The institute offers part-time MMS and PhD programmes in addition to full-time Masters in Finance (MSc Finance), Master in Human Resource Development (MHRDM), part-time MMS, and a PhD programme. More information on the JBIMS Mumbai Course and Fees may be found here.


One of India’s most well-known business schools is the Jamnalal Bajaj Institute of Management Studies (JBIMS), which is located in Churchgate, Mumbai. The placement drive for 2021 at the institute went off without a hitch. Students earned good CTC packages during the placement drive. The JBIMS Placements 2021 event drew a total of 68 impacts.

ParticularsPlacements Statistics (2018-20)Placements Statistics (2019-21)
No. of companies participating in the placement drive68
No. of new recruiters20
No. of PPOs6754
Mean CTCINR 18.91 LPAINR 23.16 LPA
Median CTCINR 22.28 LPA
Top recruiting sectorBanking & Financial SectorBFSI & IB
Top recruitersAccenture Strategy, HDFC Bank, Infosys, Mahindra, Busleri etcAccenture, Aditya Birla Group, Amazon, BCG, Hindustan Unilever Limited, JSW, P&G etc

Top 20 MBA colleges in Mumbai 2022 :- National Institute of Industrial Engineering (NITIE)

The National Institute of Industrial Engineering (NITIE) was established in 1963 as a postgraduate Public Management institute in Mumbai. NITIE Mumbai is placed 12th among the top 15 B-Schools in the NIRF 2021 ranking. The PGDIM and PGDISEM, both of which run for two years, are the most well-known MBA programmes at the college. Furthermore, through its multiple week-long Management Development Programs (MDPs) and unit-based programmes, the school yearly trains over 2000 professionals in diverse sectors of Industrial Engineering & Management (UBPs). PGDSM/PGDISEM admissions are determined on CAT, GATE, GMAT, and GRE results, as well as personal interviews. FPM Admissions candidates are chosen after passing a writing competence exam at the institute, which is followed by a research presentation and a personal interview. Courses at NITIE Mumbai can be found here.


NITIE Mumbai is a Post Graduate Institute of Public Management. The Institute is launching a placement drive for the academic batch 2019-21. During the 2021 placement drive, the maximum CTC was INR 44 LPA, while the average CTC was INR 20.85 LPA. The placement drive attracted 43 new recruiters this year, with 44 percent of them obtaining work in the consulting and IT industries

Total Number of Recruiters143
First Time Recruiters43
Students Participating268
Highest SalaryINR 44 LPA
Average SalaryINR 20.85 LPA
Median SalaryINR 19.20 LPA
Top 10% Students Average SalaryINR 37.38 LPA
Top 20% Students Average SalaryINR 32.92 LPA
PPOs43% Students
Major SectorsConsulting and Analytics
Top RecruitersEY, IDFC First, ETLI

Top 20 MBA colleges in Mumbai 2022:- K J Somaiya Institute of Management

The K J Somaiya Institute of Management, established in 1981 in Somaiya Vidyavihar, Mumbai, is a private autonomous business school. The institute, which is affiliated with the University of Mumbai, has been authorised by the AICTE. The NAAC and the NBA have also accredited it. In the NIRF Rankings 2020, the institute is ranked 56 in the management category. The KK J Somaiya Institute of Management offers postgraduate MBA and MCA programmes and PhD in Management research programmes. K J Somaiya provides a variety of specialities in its 2-year full-time flagship MBA programme, and shortlisting is based on a valid CAT exam result, followed by GD and PI.


K J Somaiya Institute of Business Studies and Research, currently K J Somaiya Institute of Management, is an Indian management school that offers full-time MBA programmes. It may be found in Mumbai. The institute has released its interim placement report for class 20220-22, revealing that 135 recruiters took part in the drive, with a maximum CTC of INR 26.5 LPA and an average CTC of INR 10.6 LPA.

ParticularsPlacement Statistics (2019-21)Placement Statistics (2020-22)
Total Number of Students517549
Percentage of Students Placed0.99790.95
Number of Companies Participated174135
New Recruiters4135
Highest CTCINR 29.75 LPAINR 26.50 LPA
Average CTCINR 9.41LPAINR 10.67 LPA
Median CTCINR 10.21 LPA
Major SectorsBanking, IT and Finance
Top RecruiterseBay, Citi, KPMGZomato, SBI


Best MBA Colleges in Mumbai also called the Top MBA Colleges in Mumbai 2022 or Best Colleges for MBA in Mumbai are in number hundreds. The Top 10 MBA Colleges in Mumbai are the best of the 10 colleges that you should go for if you’re looking for MBA Colleges in Mumbai. The best Colleges in Mumbai for MBA and their MBA Fees in Mumbai are important if you’re searching for MBA Institutes in Mumbai. Colleges in Mumbai are not easy to find but here are the Top 5 MBA Colleges in Mumbai. MBAMBA Best Colleges in Mumbai are the Top 20 government MBA Colleges in Mumbai also known as PGDM Colleges in Mumbai list of MBA colleges in Mumbai PDF or MBA Top Colleges in Mumbai. MBA Government Colleges in Mumbai are also chosen for minimum fees and Scholarships MBA Colleges in Mumbai List for Mumbai Top MBA Colleges or Top Colleges for MBA in Mumbai are mentioned in this article. MBA Fees at Mumbai university are in the number of lakhs but Government MBA Colleges in Mumbai have lesser fees. MBA in Mumbai is very popular and the Top Business Schools in Mumbai or Top MBA Colleges in Mumbai with low Fees are chosen for the same.

Frequently Asked Questions

Q. Which college is better for MBA in Mumbai?

Ans. SPIJMR and NMIMS are better for MBA in Mumbai

Q. Which is the No 1 college in Mumbai?

Ans. St. Xavier’s College is the No 1 college in Mumbai.

Q. Which College in Mumbai has the best Campus?

Ans. St. Xavier’s College and Sophia College have the best Campus in Mumbai.

Q. Which is the largest college in Mumbai?

Ans. The University of Mumbai or Mumbai University is the largest college in Mumbai.

Q. Which is better SK or KJ?

Ans. KJ Somaiya is better than SK Somaiyam.

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