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Top MBA in Finance Colleges in Mumbai in 2022

Top MBA in Finance Colleges in Mumbai in 2022 includes over 80 MBA in Finance colleges furnishing specialized degrees. Almost 94% of the MBA in Finance colleges in Mumbai are privately owned. The remaining MBA in Finance colleges in Mumbai is administered by government organizations.

MBA is a two-year professional degree program that offers a variety of specializations. Aspirants from all disciplines can select an MBA specialty depending on their interests and future ambitions. Finance is one of the majors to choose from among more than 50 MBA specializations. An MBA in Finance helps students understand financial management, investments, and resources of money.

CAT, CMAT, MAT, ATMA, and XAT, among others are accepted for MBA in Finance admission across Mumbai.

Top MBA in Finance Colleges in Mumbai in 2022 Highlight

The table below mentions key highlights of the Best MBA Colleges in Mumbai for Finance.

ParametersParticulars
Number of MBA in Finance colleges in MumbaiNearly 80 colleges
Annual fees– Annual fees < INR 1 lakh: Approx. 1 percent
– Annual fees > INR 5 lakh: Approx. 57 percent
Admission processEntrance-based

Top 10 MBA Colleges in Mumbai with Fees in 2022

Here given below is the list of Top MBA Colleges in Mumbai along with their fees structure, which includes the following:-

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

List of MBA in Finance Colleges in Central Mumbai 2022

List of MBA in Finance Colleges in North Mumbai 2022

  • Aegis School of Business
  • ASM’s Institute of Management & Computer Studies
  • Atharva Institute of Management Studies
  • Atharva School of Business
  • ICFAI Business School
  • Jamnalal Bajaj Institute of Management Studies
  • Jashbhai Maganbhai Patel College of Commerce
  • M.E.S. Humera Khan Institute of Management Studies & Research
  • Rajasthani Sammelan’s Management Institute
  • ST. Francis Institute of Management & Research

List of MBA in Finance Colleges in South Mumbai in 2022

  • Anjuman Khairul Islam’s College
  • Asian Institute of Management
  • Bushra International Institute of Graduate Studies
  • Indian Institute of Banking and Finance
  • Indian Institution of Export & Import Management
  • Jamnalal Bajaj Institute of Management Studies
  • K.P.B. Hinduja College of Commerce
  • Lala Lajpat Rai Institute of Management
  • Sydenham Institute of Management Studies & Research & Entrepreneurship Education

List of MBA in Finance Colleges in Navi Mumbai in 2022

  • Bharati Vidyapeeth Institute of Management Studies & Research
  • Institute of Business Studies & Research
  • ITM Business School
  • ITM Institute of Financial Markets
  • Oriental Institute of Management
  • SIES College of Management Studies
  • MBA in accounting and finance colleges in Mumbai

Top MBA in Finance Colleges in Mumbai in 2022 Eligibility Criteria

The eligibility criteria for perusing an MBA in Finance program vary from college to college, but the basic eligibility criteria for the course, however, remain the same. The following are the eligibility requirements for an MBA in Finance.

  • Aspirants must have a bachelor’s degree from a recognized institution or institute, regardless of field.
  • MBA in Finance colleges in Mumbai may have a minimum score criterion. As a result, unreserved category applicants with a minimum score of 50% are eligible. The minimum score for restricted category applicants is 45%. The minimal score may fluctuate between colleges.
  • Aspirants whose results for the final semester of their bachelor’s degree are pending are provisionally qualified to apply for the course.

Top MBA in Finance Colleges in Mumbai in 2022 based on NIRF Ranking

The National Institutional Ranking Framework (NIRF) rates colleges around Mumbai in many fields such as Management, Pharmacy, Dental, Medicine, Architecture, and Engineering, among others by using the following criteria:-

  • Teaching, Learning, and Resources
  • Research and Professional Practices
  • Graduation Outcomes
  • Outreach and Inclusivity
  • Peer Perception

The table below mentions the Top MBA in Finance Colleges in Mumbai with NIRF ranking

Name of the CollegeNIRF 2021 Rank
SPJIMR – S.P. Jain Institute of Management and Research19
K J Somaiya Institute of Management56

Top Private MBA in Finance Colleges in Mumbai with Fees in 2022

Name of the CollegeCourse Fee (In INR)
Vidyalankar Institute of Technology3 L
ICFAI Business School, Mumbai9.09 L
Welingkar Institute of Management11.04 L
IES’s Management College and Research Centre8 L
N.L. Dalmia Institute of Management Studies and Research11.5 L

Top  Government  MBA in Finance Colleges in Mumbai with Fees in 2022

Name of the CollegeCollege Fee (In INR)
Bombay Stock Exchange Institute, Mumbai6.61 L
SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education1.34 L
Sasmira’s Institute of Management Studies and Research3.8 L

Top MBA in Finance Colleges in Mumbai  in 2022 Based on ROI

  • There are a number of top MBA in Finance colleges in Mumbai that entrust placements on par with the top IIMs.
  • The return on investment (ROI) of an MBA college is a measurable indication of value for money.
  • The return on investment (ROI) is calculated by comparing the placement package to the course price.
  • In terms of ROI, SPJIMR and SIMSREE are among the best MBA in Finance colleges in Mumbai in 2022.
  • The table below lists some of the top B-schools in Mumbai that provide MBA in Finance, along with course costs and average placement packages.
Name of the CollegeCourse Fee (In INR)Average Placement Package (In INR)
SPJIMR – S.P. Jain Institute of Management and Research17.5 L19.5 LPA
SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education1.34 L10.97 LPA
NMIMS SBM Mumbai21.9 L17.75 LPA
ICFAI Business School, Mumbai9.09 L9.7 LPA
Welingkar Institute of Management11.04 L8.61 LPA

Top MBA in Finance Colleges in Mumbai in 2022 Accepted Entrance Exams

  • Aspirants get admission into an MBA program in any MBA in Finance Colleges in Mumbai in 2022 based on the scores of the aspirants in the entrance exam. 
  • Top MBA in Finance colleges in Mumbai accept scores from national, or state level exams including CAT, XAT, CMAT, MAT, MAH CET, ATMA, and NMAT, among others.

Top MBA in Finance Colleges in Mumbai in 2022

 Frequently Asked Questions

Q1. What are the Mumbai-based Best MBA Colleges in Mumbai for Finance?

Ans. Nearly 80 MBA in Finance schools are located in Mumbai. Around 94 percent of Mumbai’s MBA in Finance colleges are supported by private entities, while the rest are managed and funded by the government.

Q2. What is the cost of the Best MBA Colleges in Mumbai for Finance?

Ans. MBA in Finance Colleges in Mumbai offer different fees. The average MBA in Finance college in Mumbai charges a fee of INR 5 lakh. MBA in Finance is expensive in Mumbai.

Q3. Is there a Mumbai MBA in Finance College that is ranked in NIRF’s Top 100?

Ans. Yes. SPJIMR & K J Somaiya Institute of Management were ranked in the NIRF 2021 Management Ranking at 19th and 56th, respectively.

Q4. What are the most sought-after job profiles in Mumbai for MBAs in Finance?

Ans. Many Finance graduates can be considered for roles such as Financial Analyst, Financial Manager or Financial Analyst, Budget Analyst, Financial Services Agent, Investment banker, Cash Management, and other options.

Q5. What are the most popular entrance tests for MBA in Finance admissions?

Ans. MBA in Finance entrance exams that are accepted by colleges in Mumbai include CAT and CMAT. The most popular MBA entrance exam is the CAT in Mumbai.

Q6. Do Mumbai MBA in Finance admitters need to have work experience?

Ans. Although it is not required to have work experience following a bachelor’s, candidates who have worked in finance tend to be more likely to get a job after an MBA in Finance. Some MBA in Finance colleges in Mumbai also give weightage to work experience in the selection process.

Q7. In which colleges does Google come for placement in Mumbai?

Ans. Indian Institute of Technology (IIT), Bombay.

Q8. What is Mumbai University famous for?

Ans. The University of Mumbai (known earlier as the University of Bombay) is one of the oldest and premier Universities in India. It was established in 1857 consequent upon “Wood’s Education Dispatch”, and it is one of the first three Universities in India.

Q9. Is Pune University better than Mumbai University?

Ans. Pune University (PU) has surpassed Mumbai University (MU) in academic quality, research output, and overall excellence. Besides, it has emerged as Maharashtra’s major varsity with the largest cohort of affiliated colleges.

Q10. Is a Mumbai university degree valuable?

Ans. Mumbai University is ranked 34 in Indian University rankings. So, yes if you pursue your under graduation from here, it will definitely be worth it.

MBA Fees in Mumbai

Master of Business Administration (MBA) is one of the most famous certificates for students who need to seek an administrative career in corporate, Government, and public areas. There are different top MBA universities in Mumbai that show center on subjects like Accounting, Economics, Marketing, Finance, and Human Resources to seek an MBA in their separate fields of revenue.

For admission to the MBA schools in Mumbai, up-and-comers probably finished their graduation from a perceived college with a base half total (qualification models vary for every school). Some MBA universities additionally lead placement tests for admission, as AIMA conducts CAT and MAT selection tests for admission into the executive’s schools and organizations. The admission cycle of the MBA universities likewise contains a bunch of conversations (GD) trailed by private meetings (PI).

Why MBA from Mumbai?

The Financial capital of India, Mumbai, entices you to seek after a Master in Business Administration from probably the best MBA universities like Jamnalal Bajaj Institute of Management Studies, Narsee Monjee Institute of Management Studies, SP Jain Institute of Management and Research, and TISS, among numerous others. Time for students in graduate schools to truly concentrate on the different variables that will assist them with reducing their decision. Information with respect to conclusive placement offers, course fees, admission measures,s and so on is viewed as fundamental for serious CAT aspirants to assist them with choosing a fitting school to seek after an MBA.

Students can imagine chasing after an administration program from IIT Bombay, which is viewed as one of the most outstanding MBA universities in Mumbai. It is otherwise called Shailesh J Mehta School of Management, and the school prepares its students by giving mentally advancing projects in the field of board training.

Another chief establishment where one can expect to do an MBA is from Jamnalal Bajaj Institute of Management. This foundation is situated nearby Nariman Point, which is viewed as the business center of India.

A portion of the boundaries we used to pass judgment on these MBA universities included:-

  • Staff Experience
  • Industry Exposure
  • College Collaborations
  • Actual Infrastructure
  • Average Package

Our industry specialists with over 20 years of involvement have evaluated the universities on the above variables, and this quantitative information has been then enhanced with subjective factors, for example, understudy feedback, personnel openness, and so on to give you one of the most mind-blowing B-school positioning records accessible online.

MBA universities in Mumbai tolerating CAT, XAT, MHCET, CMAT, and GMAT scores:-

  • As an administration hopeful, you ought to know about the rundown of universities that acknowledge CAT, XAT, or GMAT scores for the last admission of students in the two-year administration program. Presumed administration schools that take CAT scores are IIT Mumbai, JBIMS, and SPJIMR to give some examples.
  • JBIMS likewise takes GMAT and MHCET scores.
  • Narsee Monjee’s establishment of the executives is positioned among the top B-schools in India. Students can get admission to their MBA programs in the wake of showing up for the NMAT entrance test.
  • SPJIMR, one of the top MBA universities acknowledges GMAT/CAT/XAT scores.
  • TISS – Tata Institute of Social Sciences leads a PC-based National Entrance test (TISS-NET) in the primary seven-day stretch of January.
  • K.J. Somaiya Institute Mgt. and Research acknowledges scores of CAT, XAT, CMAT, and GMAT tests.
  • Welingkar Institute of Mgt Development and Research, one of the most outstanding positioned MBA universities acknowledges CAT, XAT, and GMAT scores.
  • ITM Business School acknowledges CAT, XAT, CMAT, GMAT, and MHCET scores for the admission of students to the administration programs.

A) Epicenter for different business exercises

The capital of Maharastra, Mumbai is otherwise called the Financial capital of India at the end of the day Mumbai acts as a business hatchery for the developing pool of gifted youth. Mumbai has been the focal point of imagination, advancement, and mechanical greatness in the field of board training. With industry specialists extending a brilliant future for India, as far as its financial development, we want to embrace the future with an imperative range of abilities. In present times, a young who is outfitted with board training is better positioned to confront fierce opposition in the business.

B) Immense career potential opens doors for Management students

A solid blend of a good balance between serious and fun activities, compensation development, and more than adequate open positions is the main impetus for a certified administration graduate to work in a city. An understudy who has finished MBA from a presumed school won’t deal with any issue in that frame of mind in Mumbai as numerous global organizations have their corporate workplaces situated in Mumbai. Additionally, according to a Financial perspective, many significant ventures like material, finance, electronics, and so on are situated in this metropolitan city.

MBA Colleges Fees And Average Salary

Name of CollegesFee StructureAvg. Placement Salary
Indian Institute of TechnologyRs.2,27,850 (per semester)Rs 20.8 LPA
Jamnalal Bajaj Institute of Mgt StudiesRs 3 lakh (annually)Rs. 20.13 LPA
Narsee Monjee Institute of Mgt StudiesRs. 9,25,000 (annually)Rs 17.6 LPA
National Institute of Industrial EngineeringRs 12,53,000 (total fees)Rs.19.5 LPA (approx.)
SP Jain Institute of Mgt & ResearchRs 17,87,500 (annually)Rs 22 LPA
Tata Institute of Social SciencesRs 2 LPA (approx.)Rs18 LPA (approx.)
IBS-ICFAI MumbaiRs 4.005 lakh (annually)Rs7.32 LPA (approx.)
K.J. Somaiya Inst. Mgt. & ResearchRs   6,58,200 (annually)Rs. 10.05 LPA
Welingkar Institute of Mgt Development & ResearchRs 5,50,000 (annually)Rs 9.05 LPA
ITM Business SchoolRs. 9,95,000 (total fees)Rs 6.5LPA (approx.)
SDA Bocconi Asia CenterRs 18,60,000 (total fees)Rs 9.82 LPA
Sydenham Inst. of Mgt Studies, Res & Entrepreneurship EducationRs 67000 (annually)Rs 10.92 LPA

The best business schools in India are the ones that offer administration training that stays up with the Global MBA climate. The administration universities ought to have either been licensed with at least one worldwide authorization or ought to be currently being granted it. These top schools have a special teaching method and profoundly qualified staff; the students at the best MBA universities in India get reliably higher average placements for many years as they become industry prepared.

The highest level MBA schools incorporate the Indian Institutes of Management (IIMs) yet in addition, a portion of the other college partnered and confidential MBA universities are showing improvement over a considerable lot of the more up-to-date IIMs. The best MBA universities and various IIMs have a comparative fee structure, however, a portion of the more current IIMs placements, IIM admission process, and the IIM’s average compensation in placement will generally fall behind in some of these best MBA schools. This thorough rundown of top schools to seek your administration instruction from has been ordered after a far-reaching exploration of MBA colleges and universities by our board of specialists.

List of MBA Colleges in Mumbai According to Rankings:

RankName of the InstitutionRanking Organisation
82GNVS Institute of ManagementTimes
23Jagdish Sheth School of ManagementTimes
115Bharati Vidyapeeth Institute of Management Studies and ResearchBusiness Today
10Shailesh J. Mehta School of Management, IIT BombayNIRF
12National Institute of Industrial Engineering NIRF
19S.P. Jain Institute of Management and ResearchNIRF
56K. J. Somaiya Institute of ManagementNIRF
72Welingkar Institute of ManagementNIRF
107Chetana’s Ramprasad Khandelwal Institute of Management and ResearchThe Week
74Lala Lajpatrai Institute of ManagementTimes

List of Colleges Accepting CAT, MAT, XAT, CMAT, and NMAT

CATShailesh J. Mehta School of Management, IIT Bombay National Institute of Industrial Engineering SPJIMR – S.P. Jain Institute of Management and Research SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education GNIMS Business School SDA Bocconi Asia Center Xavier Institute of Management and Research VIT – Vidyalankar Institute of Technology SIES College of Management Studies ITM Business School, Navi Mumbai Vidyalankar School of Business K J Somaiya Institute of Management Bharati Vidyapeeth Institute of Management Studies and Research Lala Lajpatrai Institute of Management (LLIM) Rizvi Institute of Management Studies and Research Vivekanand Business School J. S. Kothari Business School Chetana’s Ramprasad Khandelwal Institute of Management and Research BITS School of Management (BITSoM) GNVS Institute of Management SRBS – Sheila Raheja School of Business Management & Research ICFAI Business School (IBS), Mumbai University of Mumbai Durgadevi Saraf Institute of Management Studies S. P. Jain School of Global Management National Institute of Management and Research Studies IES’s Management College and Research Centre Indian Institute of Management- Mumbai Campus Indira Institute of Business Management Universal Business School
CMATXavier Institute of Management and Research VIT – Vidyalankar Institute of Technology Bharati Vidyapeeth Institute of Management Studies and Research Lala Lajpatrai Institute of Management (LLIM) J S Kothari Business School Rizvi Institute of Management Studies and Research Chetana’s Ramprasad Khandelwal Institute of Management and Research GNVS Institute of Management SRBS – Sheila Raheja School of Business Management & Research Vivekanand Business School IES’s Management College and Research Centre Indira Institute of Business Management Kohinoor Management School Universal Business School St. Francis Institute of Management and Research ASM’s Institute of Management and Computer Studies Mumbai Institute of Management and Research (MIMR) Jagdish Sheth School of Management (Formerly IFIM Business School), Vijaybhoomi University MET Asian Management Development Centre Maratha Mandir’s Babasaheb Gawde Institute of Management Studies Parle Tilak Vidyalaya Association’s Institute of Management – PTVAIM Chhatrapati Shivaji Maharaj University Jankidevi Bajaj Institute of Management Studies – JDBIMS AIMSR – Aditya Institute of Management Studies and Research K.C.College of Engineering and Management Studies and Research
NMATSDA Bocconi Asia Center K J Somaiya Institute of Management Athena School of Management Jagdish Sheth School of Management (Formerly IFIM Business School), Vijaybhoomi University ITM Business School, Navi Mumbai Center of Excellence in Analytics and Data Science Pillai Institute of Management Studies and Research RICS School of Built Environment, Amity University, Mumbai Valia School of Management ICFAI Business School (IBS), Mumbai Dr. Mar Theophilus Institute of Management Studies
XATSydenham Institute of Management Studies Research and Entrepreneurship Education Xavier Institute of Management and Research VIT – Vidyalankar Institute of Technology SIES College of Management Studies K J Somaiya Institute of Management GNVS Institute of Management St. Francis Institute of Management and Research Parle Tilak Vidyalaya Association’s Institute of Management Jankidevi Bajaj Institute of Management Studies – JDBIMS K.C.College of Engineering and Management Studies and Research Thakur Global Business School Jagdish Sheth School of Management (Formerly IFIM Business School), Vijaybhoomi University Deviprasad Goenka Management College of Media Studies H.K. Institute of Management Studies and Research Shivajirao S. Jondhale Institute of Management Science and Research S.A.V Acharya Institute of Management Studies Sasmira’s Institute of Management Studies and Research

Frequently Asked Questions

Q1. Which are the various specializations presented in MBA schools in Mumbai?

Ans. The top 10 specializations presented in MBA schools in Mumbai are:

  • Finance
  • Sales and Marketing
  • Human Resources
  • IT and Systems
  • Operations
  • International Business
  • Supply Chain
  • Business Analytics
  • Entrepreneurship
  • Healthcare and Hospital

Q2. Which is the best school for an MBA in Mumbai in view of positions?

Ans. The top 5 MBA schools in Mumbai in light of situations are:

  • Northpoint Center of Learning, Mumbai
  • Public Institute of Industrial Engineering (NITIE), Mumbai
  • Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
  • ASM’s Institute of Management and Computer Studies (IMCOST), Thane
  • Sydenham Institute of Management Studies Research and Entrepreneurship Education, Mumbai

Q3. Which are the work profiles presented after MBA?

Ans. A portion of the gig profiles that are presented by organizations subsequent to finishing an MBA are:

  • Finance
  • Sales and Marketing
  • Human Resources
  • IT and Systems
  • Operations
  • International Business
  • Supply Chain
  • Business Analytics
  • Entrepreneurship
  • Healthcare and Hospital

Q4. What is the assessed fee for concentrating on MBA in Mumbai?

Ans. It is assessed that chasing after MBA in Mumbai is pricey as roughly 48% of schools have course/yearly fees of more than Rs 5 lakh. A portion of these universities are:

Q5. What are the well-known tests to qualify MBA in Mumbai?

Ans. Different tests acknowledged in Mumbai for MBA admission incorporate CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test score, and so on.

MBA Colleges in Mumbai

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

ParametersParticulars/Statistics
Number of MBA Colleges in Mumbai180 Colleges
FeesAnnual 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 SpecialisationsFinance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission ProcessCAT, MAT, XAT, CMAT, ATMA, MAH CET and more. 
Number of IITsOne

Top 10 MBA Colleges in Mumbai

Here is the list of Top 10 MBA Colleges in Mumbai which is given 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

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 RankingCollege NameNIRF Score
10Indian Institute of Technology Bombay68.08
12National Institute of Industrial Engineering, Mumbai64.52
19S. P. Jain Institute of Management & Research58.73
22SVKM’s Narsee Monjee Institute of Management Studies57.53
56K.J.Somaiya Institute Of Management46.68
72Principal L N Welingkar Institute of Management Development and Research43.73

MBA Colleges in Mumbai with Fees

Here is the list of MBA Colleges in Mumbai with Fees which is given:

Institute NameFees (In Rs lakhs)
K J Somaiya Institute of Management14.93
Prin. L. N. Welingkar Institute of Management Development & Research11.00
IMT Nagpur: Institute of Management Technology14.00
SP Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney38.78
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 Management13.75
ITM Navi Mumbai: ITM Group of Institutions9.3
Chetana’s Institute of Management and Research – CIMR Mumbai7.85

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], 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], Mumbai INR 50,400
National Academy of Management Studies – [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, Mumbai INR 6,600
University of Mumbai, Institute of Distance & Open Learning – [IDOL], MumbaiINR 17,625
SNDT Women’s University, Centre of Distance Education – [SNDT CDE], Mumbai INR 15,800
Thakur Institute of Management Studies and Research – [TIMSR] MumbaiINR 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], MumbaiINR 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 CollegeCourse Fee (in INR)Average Annual Package (In INR)
Shailesh J. Mehta School of Management, IIT Bombay8,67,00021,96,000
Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Center17,2508,61,000
SPJIMR, Mumbai17,50,00019,50,000
National Institute of Industrial Engineering12,53,00010,88,000
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai20,87,00015,00,000

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 MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (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 nameCourseFees(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
Chetana’s Ramprasad Khandelwal Institute of Management & Research (CRKIMR)MBA/MMS3.63 Lakh
D.Y. Patil University School of Management(DYPUSM)MBA7.80 Lakh
Deviprasad Goenka Management College of Media Studies(DGMC)MBA6.45 Lakh
Don Bosco Institute of Management and Research(DBIMR)MBA2.9 Lakh
Durgadevi Saraf Institute of Management Studies(DSIMS)MBA7.80 Lakh
Evolve Business School (EBS-Mumbai)MBA/MMS5.0 Lakh
FOSTIIMA Business School(FBS Mumbai)MBA/MMS7.75 lakhs
Garware Institte of Career Education and DevelopmentMBA1.0 Lakh
GNVS Inst. of Management (GNVSIM)MBA4.50 Lakh
Guru Nanak Inst. of Management Studies (GNIMS)MBA6.00 Lakh
H.K. Inst. of Management Studies and Research (HKIMSR)MBA2.03 Lakh
ICFAI Business School (IBS MUMBAI)MBA/MMS8.01 Lakh
IES Management College And Research CentreMBA/MMS7.2 Lakh
IIMI-MC, Indore – Mumbai CampusMBA15.00 Lakh
Indira Institute of Business Management (IIBM)MBA/MMS2.25 Lakh
Institute of Business Studies and Research (IBSAR)MBA/MMS4.95 Lakh
Institute of Management and Computer Studies (IMCOST)MBA/MMS3.0 Lakh
International College of Financial Planning (ICOFP)MBA6.50 Lakh
International Institute of Sports Management (IISM)MBA/MMS6.50 Lakh
ITM Group of Institutions (ITMBS)MBA9.3 Lakh
ITM Institute of Financial Markets (ITM IFM)MBA/MMS9.20 Lakh
Jamnalal Bajaj Inst. of Management Studies (JBIMS)MBA/MMS6.0 Lakh
Jankidevi Bajaj Inst of Management Studies (JDBIMS)MBA1.70 Lakh
K J Somaiya Institute of Management Studies And Research (SIMSR)MBA12.76 Lakh
K.C.College of Engineering and Management Study and Research (KCCOE)MBA/MMS2.54 Lakh
Kohinoor Business School (KBS)MBA5.50 Lakh
Lala Lajpatrai Institute of Management (LLIM)MBA2.929 Lakh
Maratha Mandir Babasaheb Gawde Institute of Management Sciences ( MMBGIMS )MBA2.0 Lakh
Meghnad Desai Academy of Economics (MDAE)MBA/MMS5.75 Lakh
MET Institute Management (METIM)MBA/MMS1.99 Lakh
MET Institute of Computer Science (METICS)MBA/MMS6.39 Lakhs
N. L. Dalmia Institute of Mngt. Studies and Research (NLDALMIA)MBA/MMS8.7 Lakh
Narsee Monjee Inst of Management Studies (NMIMS)MBA16.0 Lakh
Narsee Monjee Institute of Mgmt Studies (NMIMS)MBA/MMS18.5 lakh
National Institute of Industrial Engineering (NIIE)MBA/MMS8.19 lakh
Navinchandra Mehta Institute of Technology and Development (NMITD)MBA2.60 Lakh
NCRD SIMSMBA3.12 Lakh
PIMSRMBA3.90 Lakh
Prin. L. N. Welingkar Institute of Mangt. Development & Research (WE SCHOOL)MBA/MMS13.44 Lakh
Rajeev Gandhi College of Management Studies (RGCMS)MBA/MMS2.00 Lakh
Regenesys Business SchoolMBA/MMS11.48 Lakh
Rizvi Institute of Mgmt. Studies and Research (RIMSR)MBA/MMS3.36 Lakh
Rustomjee Business School (RBS)MBA3.68 Lakh
Shah and Anchor Kutchhi Engineering College (SAKEC)MBA2.54 Lakh
SIES College of Management Studies (SIESCOMS)MBA7.2 Lakh
Sinhgad Institute of Business Management (SIBM)MBA2.50 Lakh
Sir M Visvesvaraya Institute of Mgmt. Studies and Research (SVIMS)MBA3.99 Lakh
SP Jain Institute of Management & Research (SPJIMR)MBA/MMS17.85 lakhs
SP Jain School of Global Management – Dubai – Mumbai – Singapore – SydneyMBA28.87 Lakh
St. Francis Inst. of Management & Research (SFIMAR)MBA/MMS4.02 Lakh
Sydenham Institute of Mgmt StudyStudy, Research and Entrepreneurship Education (SIMSREE)MBA/MMS1.36 Lakh
Tata Institute of Social Science (TISS)MBA0.96 Lakh
Thadomal Shahani Centre for ManagementMBA/MMS9.50 Lakh
Thakur Institute of Management Studies and Research MBA/MMS8.50 Lakh
Universal Business School (UBS Mumbai)MBA/MMS8.48 Lakh
Vidyalankar Institute of TechnologyMBA2.99 Lakh
Vivekanand Education Society Institute of Management StudiesMBA6.50 lakh
Xavier Institute Management and ResearchMBA2.24 Lakh
YMT College of Management(YCOM)MBA3.02 Lakh
Mumbai Institute of Management & Research (MIMR)MBA/MMS2.63 Lakh
National Institute of Securities Markets (NISM)MBA/MMS8.0 Lakh
Parle Tilak Vidyalaya Associations (PTVAIM)MBA/MMS2.98 Lakh
S P More College (SPMC)MBA4.0 Lakh
Saket College of Management (PRTSAKET)MBA/MMS2.68 Lakh
Sheila Raheja School of Business Management and Research (SRBS)MBA/MMS2.48 Lakh
Smt. Jayshree Sharadchandra Kothari Business School (JSKB)MBA4.5 Lakhs
Uma Krishna Shetty Institute of Mgmt Studies & Research (UKS)MBA/MMS3.0 Lakh

Frequently Asked Question

Q1. How much does it cost to do MBA in Mumbai?

Answer. You can see the Top MBA Colleges in Mumbai Fees structure through this article.

Q2. How can I get admission in MBA in Mumbai?

Answer. 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?

Answer. 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.?

Answer. You can pursue an MBA after completing a B.Com course.

Q5. What are the fees for the CAT exam?

Answer. The CAT 2019 registration fee is INR 1900 for General and OBC candidates and INR 950 for SC/ST/PWD candidates.

Q6. Is Mumbai an ideal location for an MBA program?

Answer. Many times in the past, Mumbai has been dubbed “the greatest destination to go for MBA College.” To far, the city of Navi Mumbai has generated a considerable number of MBA students. The following are the top ten MBA colleges in Mumbai.

Q7. How can I know if the times for the finest MBA College in Mumbai are suitable for me?

Answer. In our post, we gave the times of each institute. You can join whichever one best meets your criteria and needs.

Q8. Which institute in Mumbai offers the best MBA programs?

Answer. Various colleges are regarded as the finest MBA Colleges in Navi Mumbai. In this post, we have listed the best ten MBA institutions in Mumbai. Rank 1 is seen to be the best.

Q9. What are the fees charged by MBA colleges in Mumbai?

Answer. Each institute has its own cost system. We have included the tuition rates for each of the Top 10 MBA institutions in Mumbai.

Q10. Which MBA colleges in Mumbai offer the most comprehensive study materials?

Answer. All of the colleges on our list of the Finest MBA Colleges in Mumbai offer excellent study materials, but Rank 1 is often regarded as the best by students.

Q11. What are the fees for MBA in Maharashtra?

Answer. Fee Structure of Best MBA Colleges in Maharashtra

Name of the CollegeDetailed Fee StructureMBA Fees
S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai)Click HereRs 8.00 lakhs – Rs 17.50 lakhs
Symbiosis Institute of Business Management FeesClick HereRs 14.40 lakhs – Rs 25.40 lakhs

Q12. How can I get MBA in Mumbai?

Answer. Entrance Exams

Students can apply through MAT 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.

Related Articles

Best MBA Colleges in Mumbai

Best MBA Colleges in Mumbai is an article written and designed by Formfees as more and more students seek Professional Training to pass the MBA examination with the highest possible scores. If you’re ready to take the next step in your professional and personal life by enrolling in one of the best MBA colleges in Mumbai, this article may help. 

There are several things to think about when deciding on an MBA college in Mumbai, including its location, reputation, instructor quality, and more. This list has been compiled after careful consideration of these parameters to ensure that only the finest top MBA colleges in Mumbai are included.

Are you looking for an MBA College in Mumbai? This is a list of the Top MBA Schools in Mumbai compiled by Formfees to assist you in making the right decision.

What is an MBA?

Which job path should I choose after graduating? This is perhaps the most difficult decision that students confront after graduating from college. With the range of alternatives available, many of which were unheard of until recently, the thought of choosing the proper pick may be rather overwhelming. Yet, it is a critical choice that may have a significant impact on one’s future. If you have basic management abilities and secretly see yourself as the future CEO of a top-tier company, an MBA (Masters in Business Administration) program is for you.

It is an area that is gaining popularity. Indeed, the scales have tipped in favor of this realm during the previous several decades. Do you intend to pursue an MBA in Mumbai, India’s financial capital? Looking for a List of the Top MBA Colleges in Mumbai?

For your convenience, we have compiled a list of the top 10 MBA Colleges in Mumbai, complete with fee structure, placements, and other information.

MBA

Accounting, Economics, Marketing, Finance, Strategy/Frameworks, Human Resources, Organizational Behavior, Leadership, and Information Technology, among other Specializations, are covered in the MBA program. The curriculum is intended to reinforce the theoretical basis, give practical possibilities (internships, research, projects, and workshops) to develop both hard and soft skills, open up a window of employment prospects, and assist in the establishment of your own initiatives.

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the “City of Dreams” or the “Money Capital of India” is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. The best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning.

  • There are 262 MBA colleges in Mumbai, of which 106 are private and 11 are MBA government colleges in Mumbai.
  • Indian Institute of Technology – [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management and Research are ranked 10, 12, and 19 individually by NIRF Ranking 2021.
  • Shailesh J. Mehta School of Management-[SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are the absolute best colleges for MBA in Mumbai.
  • MBA admissions into the best MBA Colleges in Mumbai are for the most part finished through an entrance test called CAT. Anyway, numerous colleges additionally acknowledge other administration entrance tests scores like MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even 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 the absolute Best Hotel Management Colleges in Mumbai.
  • The average fees for seeking MBA/PGDM courses from the top MBA colleges in Mumbai can run between INR 50,000 to 30 Lakhs each year relying on the colleges.
  • A portion of the top MBA colleges in Mumbai with fees not as much as INR 60,000 incorporate K. C. College of Management Studies – [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
  • The best MBA colleges in India offer worthwhile placement opportunities with high bundles and great ROI. The average CTC is offered at INR 18-30 LPA.
  • Accenture, Amazon, Axis Bank, HCL, HDFC, and so on are a portion of the first-class organizations that take part in the placement drives offered by the top MBA colleges in Mumbai.
  • SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the main 10 MBA colleges in Mumbai.

Insights of MBA Colleges in Mumbai

Mumbai is the capital of Maharashtra and the world’s sixth most populated metropolitan metropolis. This city is modernizing its educational institutions by incorporating cutting-edge technology from across the globe. Mumbai, India’s economic, financial, and entertainment capital, draws students from around the nation; there are several opportunities for management aspirants. The best MBA institutions in Mumbai are spread around the city and provide cutting-edge educational facilities.

Mumbai University, one of India’s oldest institutions, is situated in the city. The city is home to significant investment corporations as well as commercial facilities of numerous Indian and international organizations, offering excellent employment opportunities. Mumbai has always been one of the top destinations for MBA students due to the presence of multiple top MBA colleges. The top private MBA colleges in Mumbai assist students in developing managerial and academic abilities while also giving outstanding professional possibilities. The majority of MBA colleges in Mumbai recognize the CAT Exam and other national and state-level examination marks. The list of MBA colleges in Mumbai provided below is intended to assist MBA students in learning about the best business schools.

Top MBA Colleges in Mumbai

The best MBA colleges in Mumbai 2023 academic year are shown below. There are over 40 MBA programs available at Mumbai’s various MBA Colleges. There are around 35 private MBA colleges in Mumbai, compared to just 5 public ones.

A few of the best MBA colleges in Mumbai are located at:-

  1. Narsee Monjee Institute of Management Studies, Mumbai
  2. BSE Institute Limited, Mumbai
  3. University of Mumbai, Mumbai
  4. Universal Business School, Mumbai
  5. Jankidevi Bajaj Institute of Management Studies, Mumbai

Top MBA Colleges in Mumbai

Some prominent business schools are located in Mumbai. Top MBA Colleges in Mumbai assist students in developing academic and managerial abilities while also giving outstanding employment possibilities. Below summarizes the finest MBA Colleges in Mumbai in terms of fees:

for any fees related queries, you can check the official website or contact Formfees

MBA College NameFee for 2-year MBA/MMS/PGDM
NMIMS, MumbaiRs 20.8L
SPJIMR, MumbaiRs 19L
NITIE MumbaiRs 12.5L
IIT BombayRs 10.08L
K J Somaiya Institute of Management, MumbaiRs 18.79L
JBIMS MumbaiRs 6L
BITS School of ManagementRs 20.6L
Prin L N Welingkar Institute of Management Development and ResearchRs 13L
SIMSREE MumbaiRs 13.5L
SDA Bocconi Asia CentreRs 18.6L

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

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

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the 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], MumbaiINR 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

MBA Colleges in Mumbai Ranking

Several organizations, like Business Today, The Economic Times, NIRF, etc., have compiled lists from which the best MBA colleges in Mumbai have been determined. Faculty, placement rates, learning outcomes, exam formats, and other factors all play a role in the rankings. When it comes to the best colleges in India, the list of Top MBA Colleges in Mumbai is almost consistently at the top.

  • Finance
  • Human Resource Management
  • Marketing
  • Operations Management
  • Information Technology
  • Retail Management
  • Banking
  • Pharmaceutical Management
  • Agri-Business
  • Rural Management

Top MBA Colleges in Mumbai Ranking

Rankings of the top colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.

A portion of the top agencies in India delivering such records is NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten the ninth position in India by the national ranking office in 2022.

Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

NIRF Ranking 2022College NameNIRF Score
9National Institute of Industrial Engineering68.84
11Shailesh J. Mehta School of Management, IIT Bombay66.24
21SPJIMR – S.P. Jain Institute of Management and Research59.51
25Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai58.14
68Welingkar Institute of Management46.76
71K J Somaiya Institute of Management46.31
102 – 125Amity University, Mumbai

Top MBA Colleges in Mumbai India Today Ranking 2022

College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25
L N Welingkar Institute of Management Development and Research33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)39
N L Dalmia Institute of Management Studies and Research80
Universal Business School86
IES Management College and Research Center144
Atharva Institute of Management Studies171

Fee Structure of MBA Colleges in Mumbai

Number of Institutes Total 2 Yrs Fees in Lakhs
10Up to Rs. 1 Lakh
4Rs. 1 Lakh – Rs. 2 Lakh
6Rs. 2 Lakh – Rs. 3 Lakh
5Rs. 3 Lakh – Rs. 4 Lakh
8Rs. 4 Lakh – Rs. 7 Lakh
7Above Rs. 7 Lakh

Top MBA Colleges in Mumbai with Low Fees

The average fees for chasing after MBA courses from the top MBA colleges in Mumbai can go between INR 55,000 – 23 Lakhs each year. Listed below 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], 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], Mumbai INR 50,400
National Academy of Management Studies – [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, Mumbai INR 6,600
University of Mumbai, Institute of Distance & Open Learning – [IDOL], MumbaiINR 17,625
SNDT Women’s University, Centre of Distance Education – [SNDT CDE], Mumbai INR 15,800
Thakur Institute of Management Studies and Research – [TIMSR] MumbaiINR 63,791

Top MBA Colleges in Mumbai With Fees

College NameTotal Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)INR 4,24,000
National Institute of Industrial Engineering (NITIE)INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR)INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR)INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS)INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and ResearchINR 55,000
BITSoMINR 24,50,000
SIES College of Management StudiesINR 2,20,000
ICFAI Business SchoolINR 4,00,000

MBA Colleges in Mumbai Accepting CAT, XAT, MHCET, CMAT, and GMAT Scores:-

  1. As a management student, you should be aware of the colleges that accept CAT, XAT, or GMAT scores for final admissions to the two-year management program. IIT Bombay, JBIMS, and SPJIMR are among the prestigious management schools that accept CAT results.
  2. JBIMS accepts GMAT and MHCET results as well.
  3. Narsee Monjee Institute of Management is one of India’s top business schools. Individuals who take the NMAT entrance exam may get admission to MBA programs.
  4. SPJIMR, a top MBA college in Mumbai, accepts GMAT/CAT/XAT scores.
  5. In the first week of January, TISS – Tata Institute of Social Sciences – conducts a computer-based National Entrance Test (TISS-NET).
  6. K.J. Somaiya Institute of Management and Research recognizes CAT, XAT, CMAT, and GMAT exam scores.
  7. Welingkar Institute of Management Development and Research, one of the top-ranked MBA programs, accepts CAT, XAT, and GMAT results.
  8. For admission to management programs, ITM Business School accepts CAT, XAT, CMAT, GMAT, and MH CET results.

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, and GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College Average Annual Fees 
Jankidevi Bajaj Institute of Management Studies – [JDBIMS], Mumbai 
Rustomjee Business School – [RBS], MumbaiINR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai INR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai INR 14,000
K J Somaiya Institute of Management, MumbaiINR 8,17,290
BSE Institute Limited – [BIL], MumbaiINR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], MumbaiINR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai INR 4,50,000
Athena School of Management, Mumbai INR 6,75,000

MBA Colleges in Mumbai Cut Off

Top MBA Colleges in Mumbai cut-off scores vary from 60% to 95% for different entrance examinations like as CAT, SNAP, XAT, IBSAT, CMAT, GMAT, ATMA, MAT, MAH CET, and others. The best MBA colleges in Mumbai have high cut-offs of more than 90%.

There are MBA colleges in Mumbai that accept candidates with lower entrance test scores. Which is mentioned in the article above.

Top MBA Colleges in Mumbai Cutoff

Various colleges concede students on various bases like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT scores, and furthermore, give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Frequently Asked Questions about Best MBA Colleges in Mumbai

Q1. Is MBA losing its worth?

Ans. Because of an enormous number of students seeking after MBA consistently, the course’s worth has digressed a bit, yet, MBA is perhaps of the most looked-for course by recruiters in the corporate world.

Q2. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

Q3. Is Amity Mumbai great for MBA?

Ans. Friendship Mumbai offers students the a-list foundation and profoundly sophisticated education for the MBA course. Notwithstanding, education at Amity Mumbai is a bit expensive.

Q4. Is SP Jain and SPJIMR the equivalent?

Ans. Indeed, they are. The full type of SPJIMR is the SP Jain Institute of Management and Research.

Q5. How might I get a scholarship for MBA?

Ans. Numerous associations and institutes offer scholarships for MBA programs. 2 best ways of getting a scholarship are:

  • A decent score on the entrance test.
  • Broad exploration work in a specific field.

Q6. Which MBA gives the highest compensation?

Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.

Q7. Is ISB better than IIM?

Ans. ISB and IIM, have established themselves as the premier management institutes in India. What isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Whereas, IIMs keep no such model.

Q8. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered stays above INR 20 lakh.

Q9. Which private college is best for MBA?

Ans. Following is a rundown of probably the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Harmony Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Q10. Might I at any point do MBA after B.Com.?

Ans. Indeed, you can do MBA in the wake of seeking a B.Com. course.

Q11. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

List of MBA Colleges in Mumbai

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the “City of Dreams” or the “Money Capital of India” is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. Best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning.

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

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

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of 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], MumbaiINR 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: Ranking

Rankings of the top colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.

A portion of the top agencies in India delivering such records are NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai: NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten ninth position in India by the national ranking office in 2022.

Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

NIRF Ranking 2022College NameNIRF Score
9National Institute of Industrial Engineering68.84
11Shailesh J. Mehta School of Management, IIT Bombay66.24
21SPJIMR – S.P. Jain Institute of Management and Research59.51
25Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai58.14
68Welingkar Institute of Management46.76
71K J Somaiya Institute of Management46.31
102 – 125Amity University, Mumbai

Top MBA Colleges in Mumbai: India Today Ranking 2022

College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25
L N Welingkar Institute of Management Development and Research33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)39
N L Dalmia Institute of Management Studies and Research80
Universal Business School86
IES Management College and Research Center144
Atharva Institute of Management Studies171

Top MBA Colleges in Mumbai with Low Fees

The average fees for chasing after MBA courses from the top MBA colleges in Mumbai can go between INR 55,000 – 23 Lakhs each year. Listed below 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], 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], Mumbai INR 50,400
National Academy of Management Studies – [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, Mumbai INR 6,600
University of Mumbai, Institute of Distance & Open Learning – [IDOL], MumbaiINR 17,625
SNDT Women’s University, Centre of Distance Education – [SNDT CDE], Mumbai INR 15,800
Thakur Institute of Management Studies and Research – [TIMSR] MumbaiINR 63,791

Top MBA Colleges in Mumbai Cutoff

Various colleges concede students on various basis like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT score, and furthermore give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Top MBA Colleges in Mumbai With Fees

College NameTotal Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)INR 4,24,000
National Institute of Industrial Engineering (NITIE)INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR)INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR)INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS)INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and ResearchINR 55,000
BITSoMINR 24,50,000
SIES College of Management StudiesINR 2,20,000
ICFAI Business SchoolINR 4,00,000

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College Average Annual Fees 
Jankidevi Bajaj Institute of Management Studies – [JDBIMS], Mumbai 
Rustomjee Business School – [RBS], MumbaiINR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai INR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai INR 14,000
K J Somaiya Institute of Management, MumbaiINR 8,17,290
BSE Institute Limited – [BIL], MumbaiINR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], MumbaiINR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai INR 4,50,000
Athena School of Management, Mumbai INR 6,75,000

Frequently Asked Questions

Q1. Is MBA losing its worth?

Ans. Because of an enormous number of students seeking after MBA consistently, the course’s worth has digressed a bit, yet, MBA is perhaps of the most looked for course by the recruiters in the corporate world.

Q2. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

Q2. Is Amity Mumbai great for MBA?

Ans. Friendship Mumbai offers students a-list foundation and profoundly sophisticated education for the MBA course. Notwithstanding, education at Amity Mumbai is a bit expensive.

Q3. Is SP Jain and SPJIMR the equivalent?

Ans. Indeed, they are. The full type of SPJIMR is SP Jain Institute of Management and Research.

Q4. How might I get a scholarship for MBA?

Ans. Numerous associations and institutes offer scholarships for MBA programs. 2 best ways of getting a scholarship are:

  • A decent score in the entrance test.
  • Broad exploration work in a specific field.

Q5. Which MBA gives the highest compensation?

Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.

Q6. Is ISB better than IIM?

Ans. ISB and IIM, both have established themselves as the most premier management institutes in India. Which isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Where as, IIMs keep no such model.

Q7. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for the students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered stays above INR 20 lakh.

Q8. Which private college is best for MBA?

Ans. Following is a rundown of probably the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Harmony Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Q9. Might I at any point do MBA after B.Com.?

Ans. Indeed, you can do MBA in the wake of seeking after a B.Com. course.

Q10. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

List of top 10 MBA Colleges in Mumbai

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the “City of Dreams” or the “Money Capital of India” is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. Best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning:

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

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
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Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of 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], MumbaiINR 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
Samira The Synthetic and Art Silk Mills Research Association – [SASMIRA], Mumbai INR 1,99,000

Top MBA Colleges in Mumbai: Ranking

Rankings of the top Colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top M Tech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.

A portion of the top agencies in India delivering such records are NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai: NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten the ninth position in India by the national ranking office in 2022.

Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

NIRF Ranking 2022College NameNIRF Score
9National Institute of Industrial Engineering68.84
11Shailesh J. Mehta School of Management, IIT Bombay66.24
21SPJIMR – S.P. Jain Institute of Management and Research59.51
25Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai58.14
68Welingkar Institute of Management46.76
71K J Somaiya Institute of Management46.31
102 – 125Amity University, Mumbai

Top MBA Colleges in Mumbai: India Today Ranking 2022

College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25
L N Welingkar Institute of Management Development and Research33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)39
N L Dalmia Institute of Management Studies and Research80
Universal Business School86
IES Management College and Research Center144
Atharva Institute of Management Studies171

Top MBA Colleges in Mumbai with Low Fees

The average fees for chasing after MBA courses from the top MBA colleges in Mumbai can go between INR 55,000 – 23 Lakhs each year. Listed below 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], 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], Mumbai INR 50,400
National Academy of Management Studies – [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, Mumbai INR 6,600
The University of Mumbai, Institute of Distance & Open Learning – [IDOL], MumbaiINR 17,625
SNDT Women’s University, Centre of Distance Education – [SNDT CDE], Mumbai INR 15,800
Thakur Institute of Management Studies and Research – [TIMSR] MumbaiINR 63,791

Top MBA Colleges in Mumbai Cutoff

Various colleges concede students on various bases like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT scores, and furthermore, give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Top MBA Colleges in Mumbai With Fees

College NameTotal Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)INR 4,24,000
National Institute of Industrial Engineering (NITIE)INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR)INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR)INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS)INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and ResearchINR 55,000
BITSoMINR 24,50,000
SIES College of Management StudiesINR 2,20,000
ICFAI Business SchoolINR 4,00,000

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College Average Annual Fees 
Jankidevi Bajaj Institute of Management Studies – [JDBIMS], Mumbai 
Rustomjee Business School – [RBS], MumbaiINR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai INR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai INR 14,000
K J Somaiya Institute of Management, MumbaiINR 8,17,290
BSE Institute Limited – [BIL], MumbaiINR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], MumbaiINR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai INR 4,50,000
Athena School of Management, Mumbai INR 6,75,000

Frequently Asked Questions

Q1. Is MBA losing its worth?

Ans. Because of an enormous number of students seeking after MBA consistently, the course’s worth has digressed a bit, yet, MBA is perhaps of the most looked-for course by recruiters in the corporate world.

Q2. Which College is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

Q3. Is Amity Mumbai great for MBA?

Ans. Friendship Mumbai offers students the a-list foundation and profoundly sophisticated education for the MBA course. Notwithstanding, education at Amity Mumbai is a bit expensive.

Q4. Is SP Jain and SPJIMR the equivalent?

Ans. Indeed, they are. The full type of SPJIMR is SP Jain Institute of Management and Research.

Q5. How might I get a Scholarship for MBA?

Ans. Numerous associations and institutes offer scholarships for MBA programs. 2 best ways of getting a scholarship are:

  • A decent score in the entrance test.
  • Broad exploration work in a specific field.

Q6. Which MBA gives the highest Compensation?

Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.

Q7. Is ISB better than IIM?

Ans. ISB and IIM, have established themselves as the premier management institutes in India. What isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Whereas, whereas IIMs keep no such model.

Q8. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered stays above INR 20 lakh.

Q9. Which Private College is best for MBA?

Ans. Following is a rundown of probably the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Harmony Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Q10. Might I at any Point do MBA after B.Com.?

Ans. Indeed, you can do MBA in the wake of seeking a B.Com. course.

Q11. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

MBA Colleges in Mumbai

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

ParametersParticulars/Statistics
Number of MBA Colleges in Mumbai180 Colleges
FeesAnnual 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 SpecialisationsFinance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission ProcessCAT, MAT, XAT, CMAT, ATMA, MAH CET and more. 
Number of IITsOne

Top 10 MBA Colleges in Mumbai

Here is the list of Top 10 MBA Colleges in Mumbai which is given 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

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 RankingCollege NameNIRF Score
10Indian Institute of Technology Bombay68.08
12National Institute of Industrial Engineering, Mumbai64.52
19S. P. Jain Institute of Management & Research58.73
22SVKM’s Narsee Monjee Institute of Management Studies57.53
56K.J.Somaiya Institute Of Management46.68
72Principal L N Welingkar Institute of Management Development and Research43.73

MBA Colleges in Mumbai with Fees

Here is the list of MBA Colleges in Mumbai with Fees which is given:

Institute NameFees (In Rs lakhs)
K J Somaiya Institute of Management14.93
Prin. L. N. Welingkar Institute of Management Development & Research11.00
IMT Nagpur: Institute of Management Technology14.00
SP Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney38.78
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 Management13.75
ITM Navi Mumbai: ITM Group of Institutions9.3
Chetana’s Institute of Management and Research – CIMR Mumbai7.85

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], 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], Mumbai INR 50,400
National Academy of Management Studies – [NAMS], MumbaiINR 25,000
Hansraj Jivandas College of Education, Mumbai INR 6,600
University of Mumbai, Institute of Distance & Open Learning – [IDOL], MumbaiINR 17,625
SNDT Women’s University, Centre of Distance Education – [SNDT CDE], Mumbai INR 15,800
Thakur Institute of Management Studies and Research – [TIMSR] MumbaiINR 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], MumbaiINR 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 CollegeCourse Fee (in INR)Average Annual Package (In INR)
Shailesh J. Mehta School of Management, IIT Bombay8,67,00021,96,000
Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Center17,2508,61,000
SPJIMR, Mumbai17,50,00019,50,000
National Institute of Industrial Engineering12,53,00010,88,000
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai20,87,00015,00,000

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 MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (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:

InstituteCourse 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
Chetana’s Ramprasad Khandelwal Institute of Management & Research (CRKIMR)MBA/MMS3.63 Lakh
D.Y. Patil University School of Management(DYPUSM)MBA7.80 Lakh
Deviprasad Goenka Management College of Media Studies(DGMC)MBA6.45 Lakh
Don Bosco Institute of Management and Research(DBIMR)MBA2.9 Lakh
Durgadevi Saraf Institute of Management Studies(DSIMS)MBA7.80 Lakh
Evolve Business School (EBS-Mumbai)MBA/MMS5.0 Lakh
FOSTIIMA Business School(FBS Mumbai)MBA/MMS7.75 lakhs
Garware Institte of Career Education and DevelopmentMBA1.0 Lakh
GNVS Inst. of Management (GNVSIM)MBA4.50 Lakh
Guru Nanak Inst. of Management Studies (GNIMS)MBA6.00 Lakh
H.K. Inst. of Management Studies and Research (HKIMSR)MBA2.03 Lakh
ICFAI Business School (IBS MUMBAI)MBA/MMS8.01 Lakh
IES Management College And Research CentreMBA/MMS7.2 Lakh
IIMI-MC, Indore – Mumbai CampusMBA15.00 Lakh
Indira Institute of Business Management (IIBM)MBA/MMS2.25 Lakh
Institute of Business Studies and Research (IBSAR)MBA/MMS4.95 Lakh
Institute of Management and Computer Studies (IMCOST)MBA/MMS3.0 Lakh
International College of Financial Planning (ICOFP)MBA6.50 Lakh
International Institute of Sports Management (IISM)MBA/MMS6.50 Lakh
ITM Group of Institutions (ITMBS)MBA9.3 Lakh
ITM Institute of Financial Markets (ITM IFM)MBA/MMS9.20 Lakh
Jamnalal Bajaj Inst. of Management Studies (JBIMS)MBA/MMS6.0 Lakh
Jankidevi Bajaj Inst of Management Studies (JDBIMS)MBA1.70 Lakh
K J Somaiya Institute of Management Studies And Research (SIMSR)MBA12.76 Lakh
K.C.College of Engineering and Management Study and Research (KCCOE)MBA/MMS2.54 Lakh
Kohinoor Business School (KBS)MBA5.50 Lakh
Lala Lajpatrai Institute of Management (LLIM)MBA2.929 Lakh
Maratha Mandir Babasaheb Gawde Institute of Management Sciences ( MMBGIMS )MBA2.0 Lakh
Meghnad Desai Academy of Economics (MDAE)MBA/MMS5.75 Lakh
MET Institute Management (METIM)MBA/MMS1.99 Lakh
MET Institute of Computer Science (METICS)MBA/MMS6.39 Lakhs
N. L. Dalmia Institute of Mngt. Studies and Research (NLDALMIA)MBA/MMS8.7 Lakh
Narsee Monjee Inst of Management Studies (NMIMS)MBA16.0 Lakh
Narsee Monjee Institute of Mgmt Studies (NMIMS)MBA/MMS18.5 lakh
National Institute of Industrial Engineering (NIIE)MBA/MMS8.19 lakh
Navinchandra Mehta Institute of Technology and Development (NMITD)MBA2.60 Lakh
NCRD SIMSMBA3.12 Lakh
PIMSRMBA3.90 Lakh
Prin. L. N. Welingkar Institute of Mangt. Development & Research (WE SCHOOL)MBA/MMS13.44 Lakh
Rajeev Gandhi College of Management Studies (RGCMS)MBA/MMS2.00 Lakh
Regenesys Business SchoolMBA/MMS11.48 Lakh
Rizvi Institute of Mgmt. Studies and Research (RIMSR)MBA/MMS3.36 Lakh
Rustomjee Business School (RBS)MBA3.68 Lakh
Shah and Anchor Kutchhi Engineering College (SAKEC)MBA2.54 Lakh
SIES College of Management Studies (SIESCOMS)MBA7.2 Lakh
Sinhgad Institute of Business Management (SIBM)MBA2.50 Lakh
Sir M Visvesvaraya Institute of Mgmt. Studies and Research (SVIMS)MBA3.99 Lakh
SP Jain Institute of Management & Research (SPJIMR)MBA/MMS17.85 lakhs
SP Jain School of Global Management – Dubai – Mumbai – Singapore – SydneyMBA28.87 Lakh
St. Francis Inst. of Management & Research (SFIMAR)MBA/MMS4.02 Lakh
Sydenham Institute of Mgmt StudyStudy, Research and Entrepreneurship Education (SIMSREE)MBA/MMS1.36 Lakh
Tata Institute of Social Science (TISS)MBA0.96 Lakh
Thadomal Shahani Centre for ManagementMBA/MMS9.50 Lakh
Thakur Institute of Management Studies and Research MBA/MMS8.50 Lakh
Universal Business School (UBS Mumbai)MBA/MMS8.48 Lakh
Vidyalankar Institute of TechnologyMBA2.99 Lakh
Vivekanand Education Society Institute of Management StudiesMBA6.50 lakh
Xavier Institute Management and ResearchMBA2.24 Lakh
YMT College of Management(YCOM)MBA3.02 Lakh
Mumbai Institute of Management & Research (MIMR)MBA/MMS2.63 Lakh
National Institute of Securities Markets (NISM)MBA/MMS8.0 Lakh
Parle Tilak Vidyalaya Associations (PTVAIM)MBA/MMS2.98 Lakh
S P More College (SPMC)MBA4.0 Lakh
Saket College of Management (PRTSAKET)MBA/MMS2.68 Lakh
Sheila Raheja School of Business Management and Research (SRBS)MBA/MMS2.48 Lakh
Smt. Jayshree Sharadchandra Kothari Business School (JSKB)MBA4.5 Lakhs
Uma Krishna Shetty Institute of Mgmt Studies & Research (UKS)MBA/MMS3.0 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.

MBA Colleges in Mumbai Fees

Mumbai, the financial and business capital of India, is likewise among the top MBA destinations in the country. Indeed, Mumbai is one of India’s leading MBA objective. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is likewise a center of education in management, technology and partnered areas. Expert of Business Administration or MBA is one of the most famous post-graduate projects in Mumbai. The two-year program is a gateway to a plethora of open positions in the corporate world.

In view of reputed rankings, among top 10 MBA colleges in Mumbai some of them are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. On the off chance that we extend this rundown, SJMSOM-IIT Mumbai, Welingkar Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are additionally profoundly positioned MBA colleges in Mumbai. Every one of these management institutes make Mumbai a favored MBA objective. A MBA proficient should have qualities like excellent communication, administration, critical thinking, management, research-oriented, insightful reasoning, eye for detail, objective oriented and ability to work under, areas of strength for pressure abilities, and so on.

Admission Process of Top MBA Colleges in Mumbai

Like the other MBA colleges similar to other MBA Colleges in India, MBA colleges in Mumbai are also able to use the admissions process that is both online and offline. The timeframe for the admission procedure usually includes filling out of the application form, appearing for the entrance exam or selection process, getting seats and taking the admissions to the desired college. Here are some important points to remember about the admissions process for the top MBA colleges in Mumbai. Mumbai are:

  • The application forms are usually available online. Students need to fill them in online. In certain colleges, application forms could be made available offline to applicants to fill in and submit. Find the specific college’s website for specifics.
  • Candidates must appear for ATMA, CAT, MAT Exams such as XAT, MAH-CET, or any other institute-level entrance exam to be admitted into the majority of colleges. Some colleges are based on the merit. Candidates are required to visit the official site for more about the admissions process.
  • Additionally the colleges in Mumbai are required to conduct groups of Discussions or Group Exercises Writing Ability Tests, as well as Personal Interviews. Candidates must go through every step of the selection procedure.
  • Candidates who are selected will then go for counselling . Depending on their final results they can be admitted to the colleges they want and MBA Programs.
  • Additionally, applicants must be in good standing at the end of both their class 10 and 12 with a passing grade across all subjects by an approved board of education.
  • Candidates must have graduated from a recognized institution with at least 50-55 percent. There may be a relaxation of 3 -5 percentage for economically backwards students as well as gender-based, SC, ST, PwD relaxations as well.

Top MBA Colleges in Mumbai Highlights

Check out the highlights of top MBA colleges in Mumbai in the table given below:

ParticularsDetails
Total Number of Colleges228 (Approximately)
Types of CollegesPublic, Private, and Government
Colleges Approved byAICTE (All India Institute of Technical Education)NAAC (National Assessment and Accreditation Council)UGC (University Grants Commission)
Admissions ThroughMostly Entrance Exam Based
Entrance Exam AcceptedATMAMAH CETMATCATXAT and others.
Popular Specialization OfferedFinance, IT and Systems, Human Resources, Sales and Marketing, Supply Chain Management, International Business, Operations, Entrepreneurship, Business Analytics, Healthcare and Hospital.
Fee RangeRs. 1 Lac – Rs. 25+ Lacs (Approximately)
Hostel FacilityAvailable (not at all colleges)

MBA Colleges in Mumbai Highlights

ParametersParticulars/Statistics
Number of MBA Colleges in Mumbai180 Colleges
FeesAnnual 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 SpecialisationsFinance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission ProcessCAT, MAT, XAT, CMAT, ATMA, MAH CET and more. 
Number of IITsOne

Top 10 MBA Colleges in Mumbai-Fee

Candidates looking forward to join the top colleges in Mumbai may checkout the fees for the colleges:

Name of the Colleges Fees (Approx.)
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies – SBM FeeINR 20,80,000
SPJIMR Mumbai: SP Jain Institute of Management and Research FeeINR 17,50,000
NITIE Mumbai: National Institute of Industrial Engineering FeeINR 12,58,000
IIT BOMBAY: Shailesh J Mehta School of Management Mumbai FeeINR 8,30,000
JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies FeeINR 6,00,000
K J Somaiya Institute of Management, Mumbai FeeINR 16,29,280
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education FeeINR 1,34,000
MET Mumbai FeeINR 8,10,000
SIES College of Management Studies, Navi Mumbai FeeINR 9,00,000
IES Management College And Research Centre, Mumbai FeeINR 8,00,000

List of Top Private MBA Colleges in Mumbai

Private CollegesCourse Fee (in Rs)
Private CollegesCourse Fee (in Rs)
Dr DY Patil University’s School of Management (DYPUSM), Navi Mumbai8.4 L
Kohinoor Business School (KBS), Mumbai5.5 L
Sir M. Visvesvaraya Institute of Management Studies and Research (SVIMS), Mumbai4.6 L
ASM’s Institute of Management & Computer Studies (IMCOST), Thane2.31 L – 6.5 L
GNVS Institute of Management (GNVSIOM), Mumbai3.5 L

List of Top Public MBA Colleges in Mumbai

Public CollegesCourse Fee (in Rs)
Tata Institute of Social Sciences (TISS), Mumbai40.6 K – 1.05 L
Bombay Stock Exchange (BSE) Institute, Mumbai5.6 L – 30.76 L
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai8.32 L
National Institute of Industrial Engineering (NITIE), Mumbai6.63 L – 14.63 L
Sasmira’s Institute of Management Studies and Research3.8 L

Top MBA colleges in Mumbai accept score obtained by students in numerous national or state-level examinations including CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, and so on.

ROI of Top MBA Colleges in Mumbai

Return on Investment of top B Schools in Mumbai is determined by dividing the return or advantage by the expense of investment as fees. All in all, ROI alludes to what placement an up-and-comer gets versus what they paid for the college. Candidates can check the rundown of MBA colleges in Mumbai and their course expense and average salary.

College NameCourse Fee in RsAverage salary (in Rs LPA)
TISS, Mumbai30.33 LPA20.06 LPA
NMIMS, Mumbai30.37 LPA17.97
SJMSOM, IIT Bombay, Mumbai32.4 LPA20.8
SIMSR Mumbai28.5 LPA13.25
SIMSREE, Mumbai17 LPA10.97

Top MBA Colleges in Mumbai- Based on Course Fee

Candidates interested in taking admissions to MBA colleges, may check out the fees based on course:

Top Government MBA Colleges in Mumbai with Course Fee

Check out the top government MBA colleges in Mumbai along with their respective fee structure.

College NameFee Structure
Indian Institute of Technology (IIT), Bombay FeeRs. 2 Lakhs
National Institute of Industrial Engineering (NITIE), Mumbai FeeRs. 6.63 lakhs- 14.63 Lakhs
Tata Institute of Social Sciences (TISS), Mumbai FeeRs. 40.6k – 1.05 Lakhs
Bombay Stock Exchange (BSE) Institute, Mumbai FeeRs. 5.6 Lakhs-30.76 Lakhs
Sasmira’s Institute of Management Studies and Research FeeRs. 3.8 lakhs
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai FeeRs. 8.32 Lakhs

Top Private MBA Colleges in Mumbai with Course Fee

Here is the list of top private MBA colleges in Mumbai with their annual course fee.


College Name

Fee Structure
Jamnalal Bajaj Institute of Management Studies FeeRs. 3.01 Lakhs per annum
S.P. Jain Institute of Management and Research FeeRs. 16.9 Lakhs per annum
K J Somaiya Institute of Management FeeRs. 82,700 per annum
Sydenham Institute of Management Studies FeeRs. 51,000 per annum
SIES College of Management Studies FeeRs. 2.6 Lakhs per annum
Universal Business School FeeRs. 11 Lakhs per annum
D.Y. Patil University School of Management FeeRs. 4.2 Lakhs per annum
MET Mumbai FeeRs. 2.8 Lakhs to 10 Lakhs per annum
Durgadevi Saraf Institute of Management Studies FeeRs. 4.2 Lakhs per annum
Athena School of Management FeeRs. 6.75 Lakhs to 16 Lakhs per annum

MBA in Marketing Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking Careers360  Rating Entrance TestFees 
KJ Somaiya Institute of Management5651CAT, CMAT, XAT,GMATand MAH MCA CETRs. 2.47 – 14.93 lakhs
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CETRs. 1.60 lakhs
Sydenham Institute of Management Studies, Research and Entrepreneurship Education AAACAT, CMAT and MAH MBA CET
IES Management College and Research CentreAA+MAH MBA CET, CAT and GMAT Rs. 1.38 lakhs
MET Institute of Management GMAT and MAH MBA CET

MBA in Human Resource Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking Careers360  Rating Entrance TestFees 
Narsee Monjee Institute of Management Studies 2433NMAT, GRE and GMAT Rs. 18.50 lakhs
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CETRs. 2.47 – 14.93 lakhs
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, AT
MA, MAH MBA CET
Rs. 1.60 lakhs
St Francis Institute of Management and ResearchAACAT, XAT, GMAT, MAT CMAT and MAH MBA CET
Jankidevi Bajaj Institute of Management StudiesCAT, CMAT and MAH MBA CET

MBA in Financial Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking Careers360  Rating Entrance TestFees 
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MCA CETRs. 2.47 – 14.93 lakhs  
Sydenham Institute of Management Studies, Research and Entrepreneurship Education AAACAT, CMAT and MAH MBA CET
Sinhgad Institute of Business Management MAH MBA CET 

MBA in Operations Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking Careers360  Rating Entrance TestFees 
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CET—  
IES Management College and Research CentreAAACAT, GMAT and MAH MBA CET
School of Management, Dr DY Patil UniversityNo Entrance TestRs. 8.40 lakhs
NMIMS School of Business Management NMAT 

MBA in Information Technology Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking Careers360  Rating Entrance TestFees 
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, MAT, ATMA, MAH MBA CET, CMAT and GMAT Rs. 1.60 lakhs
Jamnalal Bajaj Institute of Management Studies 34MAH MBA CET Rs. 1.53 lakhs
Thakur Institute of Management Studies and ResearchAACMAT, GMAT, ATMA, CAT, XAT, MAT and MAH MBA CETRs. 1.89 lakhs

Top MBA Colleges in Mumbai: Cutoff

Here is the list of top MBA Colleges in Mumbai and their cutoffs:


Name of the College

Cutoff
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai90 (CAT)
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies – SBM209 (NMAT)
S.P. Jain Institute of Management and Research92 (CAT)
NITIE Mumbai: National Institute of Industrial Engineering90 (CAT)
K J Somaiya Institute of Management86 (CAT)
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education144 (MAH-CET)
Principal L N Welingkar Institute of Management Development and Research80 (CAT)

Top MBA Colleges in Mumbai: Placements

Here are some of the top MBA colleges in Mumbai and their average salary in placements:


Name of the College

Average Salary in Placement (Rs. in Lakhs Per Annum)
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, MumbaiINR 20.8 LPA
NITIE Mumbai: National Institute of Industrial EngineeringINR 19.77 LPA
JBIMS – Jamnalal Bajaj Institute of Management StudiesINR 18.13 LPA
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies – SBMINR 17.79 LPA
Principal L N Welingkar Institute of Management Development and ResearchINR 15 LPA
K J Somaiya Institute of ManagementINR 9.44 LPA

Top MBA Colleges in Mumbai: Entrance Exams

Many admission exams are held on a national, state, and institute or university level throughout India. Aspirants are admitted depending on the results obtained in these entrance tests. Here are some of the admission examinations approved by several Mumbai colleges:

  • CAT
  • CMAT
  • XAT
  • MAT
  • GMAT
  • TS-ICET
  • ATMA
  • MAH CET
  • PGCET
  • NMAT by GMAC
  • SNAP
  • KMAT
  • IBSAT

People Also Ask – 

1. What is the fee of MBA in Mumbai?


MBA college in Mumbai

Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs)
IIT BombayRs. 10.08
NITIE MumbaiRs. 12.58
JBIMS MumbaiRs. 6.00
K J Somaiya Institute of Management, MumbaiRs. 18.79

2. Which is the cheapest college for MBA?

Answer. Cheapest colleges to study MBA course in India – Placement



Name of the college


Average/Median Salary (in Rs.)
Delhi School of Economics, DU
Tata Institute of Social Sciences (TISS), MumbaiRs. 4.80 lakhs
Pune University Department of Management Sciences (PUMBA)
FMS BHURs. 7.20 lakhs

3. What is fees for MBA in Maharashtra?

Answer. Fee Structure of Best MBA Colleges in Maharashtra


Name of the College

Detailed Fee Structure

MBA Fees
S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai)Click HereRs 8.00 lakhs – Rs 17.50 lakhs
Symbiosis Institute of Business Management FeesClick HereRs 14.40 lakhs – Rs 25.40 lakhs

4. Is Mumbai good place for MBA?

Answer. 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 destination. 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.

Frequently Asked Questions

Q1. Which are some of the gig profiles that the candidates are hired for?

Ans. When the candidate gets completed with the course, they apply for the gig job of their interest and they are hired for the gig job. Some of the gig profiles are recorded below :

  • Relationship Manager
  • Business Executive
  • Business Analyst
  • Region Sales Manager
  • Marketing Executive
  • Human Resource Manager and numerous other work profiles.

Q2. What is the duration of a course in MBA?

Ans. MBA is a 02-year postgraduate certificate in the field of the board and business administration which covers different regions which contain business, finance, the executives, marketing, development, and numerous other interesting subjects.

Q3. Which are the various specializations in the field of MBA?

Ans. After the candidate chooses to pursue a MBA, they should make a choice about the specialization that they wish to pursue a career in. They need to settle on the area of specialization.

Some of the specializations are given below :

  • MBA in Marketing
  • MBA in Finance
  • MBA in General Management
  • MBA in International Management
  • MBA in Human Resource Management
  • MBA in Operations Management
  • MBA in Rural Management
  • MBA in Logistics Management
  • MBA in Information Technology
  • MBA in Business Management are some of the specializations in the field.

Q4. Which are the entrance assessments that the candidate should appear for?

Ans. It relies upon the college where they need to direct the entrance assessment or not.

Some of the entrance assessments are :

Q5. What is the qualification rules for chasing after a course in MBA?

Ans. The qualification rules for the wannabes to aspire the course is a four year college education with a base total of half stamps or equivalent from a recognized board or college. The candidate needs to appear for the entrance assessment also where you wish to take admission.

Q6. How is the extent of MBA in Finance from now on?

Ans. The extent of MBA in Finance is immense and continues growing as time passes with the need of experts in the field. There are many career valuable open doors in the field. It is one of the most favored decisions among the candidates across the world. The field extends to phenomenal employment opportunity profiles with a decent compensation bundle and is likewise remunerating simultaneously. Accordingly, the extent of MBA in Finance in future as well as now is expanding step by step.

Q7. Who are the top employers in the field?

Ans. The reputed organizations usually hire candidates with higher training and great information as well as ranges of abilities that are taught to the candidates in the course. Some of the top employers in the field are recorded below :

Q8. Which are the colleges in Mumbai that provide a course in MBA?

Ans. Some of the colleges that provide you with a course in MBA are recorded below :

  • Prin LN Welingkar Institute of Management Development and Research
  • Jamnalal Bajaj Institute of Management Studies
  • KJ Somaiya Institute of Management
  • Thakur Institute of Management Studies and Research
  • Narsee Monjee Institute of Management Studies

Q9. What is the typical beginning compensation for a task profile?

Ans. The typical beginning compensation for any of the gig profiles is high once the candidate gets done with the tasks in MBA as they are hired by the top organizations. The typical beginning compensation for a task profile is Rs. 4 Lakhs p.a. (Approx.) which increments with time and experience.

Q10. What is the fee structure to pursue a course in MBA?

Ans. The fee structure contrasts from one college to another. Some of the top and reputed colleges charge high fees in view of the facilities which they provide. The typical fee structure to pursue a course in MBA is Rs. 1 Lakhs.

Related Videos

Best MBA College in Mumbai

Best MBA colleges in Mumbai

Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai frequently referred to as the “City of Dreams” or the “Money Capital of India” is home to in excess of 260 top MBA colleges in India. Around 57 MBA colleges in Mumbai are approved by AICTE and 17 are approved by UGC. Best MBA college in Mumbai offers MBA with different specializations including Finance and Marketing Supply Chain Management and Urban Planning.

  • There are 262 MBA colleges in Mumbai, of which 106 are private and 11 are MBA government colleges in Mumbai.
  • Indian Institute of Technology – [IIT] Bombay, National Institute of Industrial Engineering, Mumbai, and S. P. Jain Institute of Management and Research are ranked 10, 12, and 19 individually by NIRF Ranking 2021.
  • Shailesh J. Mehta School of Management-[SJMSOM], SPJIMR, IIT Bombay, and SBM NMIMS are the absolute best colleges for MBA in Mumbai.
  • MBA admissions into the best MBA Colleges in Mumbai are for the most part finished through an entrance test called CAT. Anyway, numerous colleges additionally acknowledge other administration entrance test scores like MAT, XAT, NMAT, CMAT, ATMA, MAHCET, and even 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 the absolute Best Hotel Management Colleges in Mumbai.
  • The average fees for seeking MBA/PGDM courses from the top MBA colleges in Mumbai can run between INR 50,000 to 30 Lakhs each year relying on the colleges.
  • A portion of the top MBA colleges in Mumbai with fees not as much as INR 60,000 incorporate K. C. College of Management Studies – [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai.
  • The best MBA colleges in India offer worthwhile placement opportunities with high bundles and great ROI. The average CTC is offered at INR 18-30 LPA.
  • Accenture, Amazon, Axis Bank, HCL, HDFC, and so on are a portion of the first-class organizations that take part in the placement drives offered by the top MBA colleges in Mumbai.
  • SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance and are ranked among the main 10 MBA colleges in Mumbai.
College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fee structure.

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

Top 10 Government MBA Colleges in Mumbai

Tabulated below is the list of 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], MumbaiINR 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: Ranking

Rankings of the top colleges in India are released by various agencies consistently. These agencies discharge various records like Top MBA Colleges in India, Top MTech Colleges in India, and so forth. In view of various boundaries like Perception of the College, Placements, Teacher-Student Ratio, and so on, these rundowns are additionally released for various cities and states in India.

A portion of the top agencies in India delivering such records are NIRF, India Today, Economic Times, and so forth. Listed below is the ranking of top MBA colleges in Mumbai with charges.

Top MBA Colleges in Mumbai: NIRF Ranking 2022

NIRF (National Institutional Ranking Framework) is the premier ranking organization in India and is controlled by the Ministry of Education, Government of India. It delivers the ranking records for various colleges in India isolated into 8 classes.

National Institute of Industrial Engineering has been positioned as the best MBA college in Mumbai by NIRF ranking 2022. The establishment has gotten the ninth position in India by the national ranking office in 2022.

Different colleges in Mumbai positioned by NIRF are Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.

NIRF Ranking 2022College NameNIRF Score
9National Institute of Industrial Engineering68.84
11Shailesh J. Mehta School of Management, IIT Bombay66.24
21SPJIMR – S.P. Jain Institute of Management and Research59.51
25Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai58.14
68Welingkar Institute of Management46.76
71K J Somaiya Institute of Management46.31
102 – 125Amity University, Mumbai

Top MBA Colleges in Mumbai: India Today Ranking 2022

College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25
L N Welingkar Institute of Management Development and Research33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)39
N L Dalmia Institute of Management Studies and Research80
Universal Business School86
IES Management College and Research Center144
Atharva Institute of Management Studies171

Top MBA Colleges in Mumbai with Low Fees

Top MBA colleges with low fees structure – The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs.

Lowest MBA Fees in India List- 

Top MBA college with Low FeesProgram Fee
Faculty of Management Studies (FMS) Delhi – University of DelhiRs. 1,94,000
Delhi School of Economics, Delhi UniversityRs. 32,000
GGSIPU, DelhiRs. 59,000
PUMBA, PuneRs. 1,34,000

Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices known to be one of the best MBA colleges in India with low fees.

Top MBA colleges with low fees are between Rs. 50,000 and Rs. 10 Lakhs for a two-year full-time residential MBA or PGDM program. The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs. 

Top MBA colleges with low fees in India that offer low-cost MBAs are affiliated with or management departments of Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To gain admission to a top MBA college with low tuition, you must perform well on an entrance exam such as the CAT/XAT/CMAT/MAH CET and have excellent academic/work experience.

Top MBA colleges in India with Low fees offer high RoI MBA programs. These Top B-schools in India offering affordable MBA include 

Top MBA colleges with Low Fees Structure (Rupees)

  1. SRM University Chennai: 5,00,000
  2. K R Mangalam University Delhi: 2,60,000
  3. Pune Business School: 5,50,000

According to the NIRF rankings and other B-School surveys, top MBA colleges in India include IIM Ahmedabad, IIM Calcutta, XLRI Jamshedpur, IIM Lucknow, IIM Indore, and others. The best MBA colleges in India provide Regular MBA, Online MBA, and Distance MBA programs. There are 4736 top MBA colleges in India, with 710 being government and 3969 being the best private MBA colleges in India.

 To get admission to a top MBA college with low fees, you should score high on the entrance exam like CAT/XAT/CMAT/MAH CET and have excellent academics/work experience. This article from MBAUniverse.com presents the best MBA colleges with low fees in India and will guide you in taking the right MBA admission decision. Minimum fees for MBA are from Rs. 50,000 to Rs. 10 Lakhs for a 2-year full-time residential MBA or PGDM program. 

Those who want to pursue an MBA should first make a list of colleges that they want to attend. They must make a decision based on their specification and budget rather than being carried away by the flow. Below is a list of Top MBA colleges with low fees structure, as well as the courses they offer.

B-schoolCourse Name*Fees
International School of Management and Research- ISMRMBAINR 3.44 L – 6.5 L 
SIMSREE, MumbaiPost Graduate Diploma in Business ManagementINR 69,000
CU – Chandigarh UniversityMBA Tourism and Hospitality ManagementINR 57.8 K – 6.04 L
Indira Institute of Management – IIMPMBAINR 4.4 L – 8 L
ASM’s Institute of Business Management and Research-IBMRMBAINR 3 L – 6.5 L 
Amity UniversityMBA in Agriculture and Food BusinessINR 4.86 L – 20.16 L 
Ambedkar UniversityMBAINR 3 L
AIMS Institute of Management StudiesMBAINR 3.95 L – 5.9 L 
MIT Pune – MIT World Peace UniversityMBAINR 3.5 L 
DBS – Doon Business SchoolMBA International BusinessINR 5.15 L – 9.79 L 
Gems B School, BangaloreCorporate MBAINR 4.8 L – 9.2 L 
Galgotias University – GUMBA Healthcare and Hospital ManagementINR 1.9 L – 4.85 L
BK School of Business ManagementMBA in Maritime ManagementINR 13,000 – 2 L
Maharishi Dayanand University (MDU)Master of Hotel Management and Catering TechnologyINR 36.5 K – 5.25 L

Top MBA Colleges in Mumbai With Fees

College NameTotal Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)INR 4,24,000
National Institute of Industrial Engineering (NITIE)INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR)INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR)INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS)INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and ResearchINR 55,000
BITSoMINR 24,50,000
SIES College of Management StudiesINR 2,20,000
ICFAI Business SchoolINR 4,00,000

Top MBA Colleges in Mumbai Accepting CMAT

Top MBA colleges in Mumbai additionally acknowledge CMAT scores other than CAT, and GMAT for admission to MBA courses. Tabulated below are the 10 top MBA colleges in Mumbai accepting CMAT scores:

Name of the College Average Annual Fees 
Jankidevi Bajaj Institute of Management Studies – [JDBIMS], Mumbai 
Rustomjee Business School – [RBS], MumbaiINR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai INR 81,000
Tata Institute of Social Sciences – [TISS], MumbaiINR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai INR 14,000
K J Somaiya Institute of Management, MumbaiINR 8,17,290
BSE Institute Limited – [BIL], MumbaiINR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], MumbaiINR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai INR 4,50,000
Athena School of Management, Mumbai INR 6,75,000

Top MBA Colleges in Mumbai Cutoff

Various colleges concede students on various bases like entrance tests and merit records. The vast majority of the colleges in Mumbai acknowledge MAT scores, and furthermore, give admission through CAT and CMAT. Recorded below are a portion of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in MumbaiMBA Cutoff
SJMSOM IIT Bombay90 (CAT)
SP Jain (SPJIMR)92 (CAT)
Narsee Monjee (NMIMS)209 (NMAT)
KJ Somaiya86 (CAT)
Welingkar (WeSchool) Mumbai80 (CAT)
NITIE Mumbai90 (CAT)
SIMSREE Mumbai144 (MAHCET)

Why Mumbai is Good For MBA?

  • The largest trading hub in India is home to some institutions in the country, which are known for their world-class education. There isn’t IIM located in Mumbai however, it is home to numerous top-of-the-line affordable MBA schools.
  • Mumbai is the location of India’s Bombay Stock Exchange, SEBI, and a few world-class corporate headquarters. Mumbai is a popular destination to invest in new ventures for big business houses. A city is an ideal place for industry and entrepreneurship to flourish. This leads to a high percentage of employment, making it ideal for a lucrative job after the completion of your degree. With around 175 Fortune 500 companies and several startups, from cars to marketing, every major business has a presence there.
  • In spite of the fact, that Mumbai is a crowded city There are accommodations to suit everyone. Mumbai is home to an energetic infrastructure featuring lively nightlife, chic malls, luxury restaurants, historic sites, and more.
  • In addition, it is thought to be the most secure among all Indian cities. It also has a well-organized public transportation system. Connectivity is an important feature of this city’s central location. Students are required to relocate to Mumbai for a period of 2 years when working towards their MBA and the location lets you stay in touch with your city effortlessly. The constant flow of trains, metro buses, taxi flights, and auto provides you with a variety of options for commuting, both inside and outside Mumbai.
  • Social networking is an essential aspect of an MBA degree as well as a career. Mumbai is the ideal place to expand your social circle and become connected to influential and famous individuals. The bustle, hustle, and glamour of the top business schools in Mumbai will teach you how to utilize the most recent media and marketing to help you succeed in your career, unlike in any other city.
  • MBA colleges located in Mumbai take scores of nearly all important entrance examinations in the nation. Scores from the CAT, NMAT, CMAT, XAT, ATMA, MHCET GMAT, and ATMA are accepted by MBA schools in Mumbai.

People Also Ask – 

1. Which courses are provided at the MBA colleges of Mumbai?

Answer. Apart from the course MBA, the MBA colleges of Mumbai also offer various diplomas, certificates, and post-graduate diplomas in management. Degrees of MMS and MFM are also provided at the PG level.

2. Is a hostel facility available at the MBA colleges of Mumbai?

Answer. Yes, almost all the MBA colleges in Mumbai offer student accommodation and hostel facilities to students.

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

Answer. The top 7 specializations offered in MBA colleges in Mumbai are: Operations Entrepreneurship Finance Sales Marketing Business Economics Family Business Human Resources

4. Which is the best college for MBA in Mumbai based on placements?

Answer. The top 5 MBA colleges in Mumbai based on placements are: 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

Frequently Asked Questions

Q1. Is MBA losing its worth?

Ans. Because of an enormous number of students seeking after MBA consistently, the course’s worth has digressed a bit, yet, MBA is perhaps of the most looked-for course by recruiters in the corporate world.

Q2. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has gained notoriety for its MBA Finance course.

Q3. Is Amity Mumbai great for MBA?

Ans. Friendship Mumbai offers students the a-list foundation and profoundly sophisticated education for the MBA course. Notwithstanding, education at Amity Mumbai is a bit expensive.

Q4. Is SP Jain and SPJIMR the equivalent?

Ans. Indeed, they are. The full type of SPJIMR is SP Jain Institute of Management and Research.

Q5. How might I get a Scholarship for MBA?

Ans. Numerous associations and institutes offer scholarships for MBA programs. 2 best ways of getting a scholarship are:

  • A decent score on the entrance test.
  • Broad exploration work in a specific field.

Q6. Which MBA gives the Highest Compensation?

Ans. MBA Business Analytics and MBA Marketing are probably the most compensating MBA specializations.

Q7. Is ISB Better than IIM?

Ans. ISB and IIM, have established themselves as the premier management institutes in India. What isolates them is the way that ISB Hyderabad requests a 5-year pre-MBA experience from candidates. Whereas, IIMs keep no such model.

Q8. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers an excellent MBA course for students. The institute has been positioned No. 4 on the planet by QS World Rankings. The average CTC offered stays above INR 20 lakh.

Q9. Which private College is best for MBA?

Ans. Following is a rundown of probably the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Harmony Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Q10. Might I at any point do MBA after B.Com?

Ans. Indeed, you can do MBA in the wake of seeking a B.Com course.

Q11. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

Related Videos

MBA College in Mumbai

Mumbai, the financial and business capital of India, is also among the top MBA objections in the country. Indeed, Mumbai is one of India’s driving MBA objectives. Best MBA Colleges in Mumbai offer quality MBA education with high placements. It is also a center point of education in administration, innovation, and allied sectors. Expert in Business Administration or MBA is one of the most well-known post-graduate projects in Mumbai. The two-year program is a passage to a plethora of open positions in the corporate world.

In light of 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. In the event that we extend this rundown, SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are also highly positioned MBA colleges in Mumbai. Every one of these administration organizations makes Mumbai a favored MBA objective. An MBA professional should have characteristics like phenomenal communication, leadership, critical thinking, the board, research-arranged, analytical reasoning, eye for detail, objective situated and capacity to work under pressure, strong numerical abilities, and so on.

MBA Colleges in Mumbai Highlights

ParametersParticulars/Statistics
Number of MBA Colleges in Mumbai180 Colleges
FeesAnnual 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 SpecialisationsFinance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission ProcessCAT, MAT, XAT, CMAT, ATMA, MAH CET and more.
Number of IITsOne

MBA Colleges in Mumbai Eligibility Criteria

The eligibility criteria for MBA Course may differ from one college to another. Notwithstanding, the essential eligibility criteria for top MBA Colleges in Mumbai are as per the following:

Competitors probably passed graduation in any discipline or comparable from a perceived college as a fundamental eligibility criterion for MBA (full-time).

The vast majority of the institutes follow the minimum score criteria for graduation which is 50% on average or the same. For saved class understudies, the minimum score is 45% in total.

Last year’s graduation competitors are additionally qualified to apply for MBA, given they present the confirmation of the finish of the graduation degree within the span specified by the organization.

MBA Colleges in Mumbai with NIRF Ranking

NIRF positioning is given to the MBA Colleges in Mumbai based on education, learning and assets, exploration and professional practice, graduation outcomes, and companion discernment. Competitors can check the rundown of top MBA colleges in Mumbai and their NIRF 2020.

As per NIRF Ranking, these are the Main 5 MBA Colleges in Mumbai

College NameNIRF’20 Ranking
SJMSOM IIT Bombay – Shailesh J. Mehta School of Management, Mumbai11
NITIE Mumbai – National Institute of Industrial Engineering12
S. P. Jain Institute of Management and Research, Mumbai18
K. J. Somaiya Institute of Management Studies & Research56
VESIM – Vivekanand Education Society Institute of Management Studies and Research76-100
College Name        Rating
SJMSOM IIT Bombay – Shailesh J. Mehta School of Management, Mumbai 4.7
NITIE Mumbai – National Institute of Industrial Engineering4.6
S. P. Jain Institute of Management and Research, Mumbai4.2
K. J. Somaiya Institute of Management Studies & Research4.2
VESIM – Vivekanand Education Society Institute of Management Studies and Research3.6

List of Top Private MBA Colleges in Mumbai

Private CollegesCourse Fee (in Rs)
Dr DY Patil University’s School of Management (DYPUSM), Navi Mumbai8.4 L
Kohinoor Business School (KBS), Mumbai5.5 L
Sir M. Visvesvaraya Institute of Management Studies and Research (SVIMS), Mumbai4.6 L
ASM’s Institute of Management & Computer Studies (IMCOST), Thane2.31 L – 6.5 L
GNVS Institute of Management (GNVSIOM), Mumbai3.5 L

 

List of Top Public MBA Colleges in Mumbai

Public CollegesCourse Fee (in Rs)
Tata Institute of Social Sciences (TISS), Mumbai40.6 K – 1.05 L
Bombay Stock Exchange (BSE) Institute, Mumbai5.6 L – 30.76 L
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai8.32 L
National Institute of Industrial Engineering (NITIE), Mumbai6.63 L – 14.63 L
Sasmira’s Institute of Management Studies and Research3.8 L

Top MBA Colleges in Mumbai accept scores obtained by students in numerous national or state-level examinations including CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, etc.

ROI of Top MBA Colleges in Mumbai

Return on Investment of top B Schools in Mumbai is calculated by dividing the return or benefit by the cost of investment as fees. In other words, ROI refers to what placement a candidate gets vs what they paid for the college. Candidates can check the list of MBA colleges in Mumbai and their course fees and average salary.

College NameCourse Fee in RsAverage salary (in Rs LPA)
TISS, Mumbai30.33 LPA20.06 LPA
NMIMS, Mumbai30.37 LPA17.97
SJMSOM, IIT Bombay, Mumbai32.4 LPA20.8
SIMSR Mumbai28.5 LPA13.25
SIMSREE, Mumbai17 LPA10.97

Top Recruiters for MBA graduates

MBA graduates from any domain are in high demand. Below is the list of a

few top companies in Mumbai that recruit MBA graduates along with their placement ratings:



Colleges
Placement Ratings (Based on Reviews)Placement Ratings (Based on Reviews)
Northpoint Centre of Learning, Mumbai4.9Dentsu Aegis, Future Group, Google, JWT, Kotak Securities, Leo Burnett, Lowe Lintas, Ogilvy, PepsiCo, Publicis, Webchutney, etc.
National Institute of Industrial Engineering (NITIE), Mumbai4.6Dabur, HCCB, Maruti Suzuki, ICICI Bank, Marico, Nestle, Capgemini, Delloite, Accenture, TATA Motors, Castrol, TVS, Asian Paints, ITC, Cognizant Business Consulting, KPMG, Aditya Birla Capital, Genpact, General Electric, Google, IBM, etc.
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay4.6Axis Bank, DE Shaw & Co, JPMorgan Chase, Bank of America, Accenture, Deloitte, Flipkart, Google, Infosys, Tech Mahindra, HP, Goldman Sachs, Britannia, Johnson & Johnson, Capgemini, Nestle, RBL Bank, Proctor & Gamble, Wipro, etc.
ASM’s Institute of Management & Computer Studies (IMCOST), Thane4.4Accenture, Capgemini, CyberTech Systems and Software, Global Logic, Godrej, HDFC Bank, Hindustan Petroleum, Hindustan Times, HP, IBM, ICICI Prudential, Jaro Education, L&T Infotech, Mainstay, Reliance Communication, Saint Gobain, Tech Mahindra, Wipro, Yes Bank, HCL, Tech Mahindra, Siemens, Cognizant, Giant Krafters, Hexaware Technologies, etc.
Sydenham Institute of Management Studies Research and Entrepreneurship Education, Mumbai4.0Aditya Birla Group, Axis Bank, Barclays Investment Bank, Citi Group, Deloitte USI, Duff & Phelps, Ernst & Young, HDFC Ltd, ICICI Group, Infosys, JP Morgan Chase & Co, Nielsen, Saint Gobain, etc.


Fee for MBA Colleges in Mumbai

MBA College in MumbaiFee for 2-year MMS/MBA/PGDM (Rs. In lakhs)
SPJIMR, MumbaiRs. 19.00
NMIMS, MumbaiRs. 20.80
IIT BombayRs. 10.08
NITIE MumbaiRs. 12.58
JBIMS MumbaiRs. 6.00
K J Somaiya Institute of Management, MumbaiRs. 18.79
Prin L N Welingkar Institute of Management Development and ResearchRs. 13.00
BITS School of Management – BITSOMRs. 20.60
SDA Bocconi Asia CenterRs. 18.60
SIMSREE MumbaiRs. 1.35
SIES Navi MumbaiRs. 9.00
IBS Mumbai: ICFAI Business schoolRs. 9.09
ITM Navi MumbaiRs. 10.45
Chetana’s Institute of Management and ResearchRs. 7.85
MET MumbaiRs. 9.90
Vivekanand Business School (VBS)Rs. 8.00
IES Management College And Research Centre, MumbaiRs. 9.00
N. L. Dalmia Institute of Management Studies and Research, MumbaiRs. 8.70
Kohinoor Business SchoolRs. 6.10
DSIMS MumbaiRs. 7.25
Guru Nanak Institute of Management Studies, MumbaiRs. 7.00
Aditya School of Busines Management – ASBM MumbaiRs. 7.80
ATLAS SkillTech University MumbaiRs. 10.45

MBA Colleges in Mumbai: Specialization Available

MBA is a field that furnishes candidates with numerous options to do specialization. The applicant can decide in which field he/she wishes to specialize. In the wake of chasing after a specialization in a particular field, they gain the abilities and information related to the field.

Given below is the list of specializations in MBA: –

  • MBA in Marketing
  • MBA in Finance
  • MBA in General Management
  • MBA in International Management
  • MBA in Human Resource Management
  • MBA in Operations Management
  • MBA in Rural Management
  • MBA in Logistics Management
  • MBA in Information Technology
  • MBA in Business Management

MBA Colleges in Mumbai: Eligibility Criteria

The eligibility criteria are set up by various colleges to guarantee that admission is allowed to the students who are qualified for the course. The criteria are different in like manner, however, the up-and-comer should meet the eligibility criteria to get admission to the course. The competitor ought to score the expected imprints which are expected for admission to the course. In this manner, the eligibility criteria are intended to give admission to qualified students.

Eligibility for MBA – The candidates who need to seek an MBA should have a four-year certification with no less than half checks or comparable from a perceived board or college. They additionally show up for the selection test that is led by the colleges and various colleges.

MBA Colleges in Mumbai: Admission Process

The admission cycle of each and every college is different in view of the college standards and guidelines that they set. The admission interaction depends on either the merit list or the scores got on the placement test that the up-and-comer shows up for. The competitor needs to keep the rules of the college to get admission to the course.

Mentioned below is the list of a portion of the placement tests that led to conceding admission for the course: –

MBA Colleges in Mumbai: Specialization Wise List

There are a ton of options for specialization in MBA which a competitor can seek in view of their advantage and willingness to do the course. Mumbai is referred to as the city of dreams as innumerable individuals travel to Mumbai to seek after their fantasies and point much higher. Mumbai is known as the monetary capital of the country. There are numerous vacation spots in Mumbai. Mumbai is home to various World Heritage Sites which are visited by travelers from one side of the planet to the other. Mumbai is renowned for its Vada Pav too which individuals love to eat at whatever point they travel to Mumbai.

Mumbai has a sum of 163 MBA Colleges wherein the competitor can choose any of the colleges as indicated by them. It relies upon the up-and-comer where they wish to take admission for the course. There are numerous colleges in Mumbai that have options for specialization in MBA

A portion of the Colleges are listed below with the specialization that they give in the course :

MBA in Marketing Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking  RatingEntrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MCA CETRs. 2.47 – 14.93 lakhs

Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CETRs. 1.60 lakhs
Sydenham Institute of Management Studies, Research and Entrepreneurship EducationAAACAT, CMAT and MAH MBA CET
IES Management College and Research CentreAA+MAH MBA CET, CAT and GMATRs. 1.38 lakhs
MET Institute of ManagementGMAT and MAH MBA CET

MBA in Human Resource Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking  RatingEntrance TestFees
Narsee Monjee Institute of Management Studies2433NMAT, GRE and GMATRs. 18.50 lakhs
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CETRs. 2.47 – 14.93 lakhs
Prin LN Welingkar Institute of Management Development and Research6854CAT, XAT, CMAT and GMAT, MAT, ATMA, MAH MBA CETRs. 1.60 lakhs
St Francis Institute of Management and ResearchAACAT, XAT, GMAT, MAT CMAT and MAH MBA CET

Jankidevi Bajaj Institute of Management StudiesCAT, CMAT and MAH MBA CET

MBA in Financial Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking  RatingEntrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MCA CETRs. 2.47 – 14.93 lakhs  
Sydenham Institute of Management Studies, Research and Entrepreneurship EducationAAACAT, CMAT and MAH MBA CET
Sinhgad Institute of Business ManagementMAH MBA CET


MBA in Operations Management Colleges in Mumbai

Name of the CollegeNIRF 2020 Ranking  RatingEntrance TestFees
KJ Somaiya Institute of Management5651CAT, CMAT, XAT, GMAT and MAH MBA CET—  
IES Management College and Research CentreAAACAT, GMAT and MAH MBA CET
School of Management, Dr DY Patil UniversityNo Entrance TestRs. 8.40 lakhs
NMIMS School of Business ManagementNMAT
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