Top MBA Colleges in Mumbai 2024

Mumbai, the financial capital of India, hosts some of the country’s leading MBA colleges known for academic excellence, industry connections, and strong placement records. These institutions offer diverse specializations, modern teaching methods, and hands-on learning experiences. With Mumbai's dynamic business environment, students gain valuable exposure to real-world challenges, networking opportunities, and career growth, making the city a prime destination for aspiring management professionals in 2025.

Top MBA Colleges in Mumbai: Highlights

Mumbai is home to some of the leading MBA institutions in India. Here’s a quick overview of key highlights:

Attribute

Details

College Type

134 Private, 21 Government

Colleges Affiliated To

AIU, UGC, AICTE, NAAC, NBA

Entrance Exams Accepted

CAT, CMAT, MAH CET, etc.

Specializations

Finance, Marketing, HR, Operations, Systems, Sales and Marketing, Supply Chain, etc.

Approximate Fees

₹1,32,000 to ₹28,00,000

Top Recruiters

Google, Deloitte, Accenture, TCS, ICICI Bank, HDFC

Top MBA Colleges in Mumbai  Ranking

Rankings like NIRF, India Today, and Outlook evaluate MBA colleges using different factors such as faculty quality, university reputation, placement records, and research output.

  • NIRF focuses on academic and research parameters.
  • India Today considers perceptions and surveys from industry professionals.
  • Outlook includes campus life, industry connections, and research support.

Each ranking highlights different strengths of colleges, so it's useful to check multiple sources for a complete view.

S.No College Name NIRF MBA Rank (2024)
1 IIM Mumbai (NITIE) 6
2 Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM) 10
3 SP Jain Institute of Management & Research (SPJIMR) 20
4 Narsee Monjee Institute of Management Studies (NMIMS) 21
5 Jamnalal Bajaj Institute of Management Studies (JBIMS) 24
6 KJ Somaiya Institute of Management Studies & Research (SIMSR) 63
7 Prin. L. N. Welingkar Institute of Management (WeSchool) 84
8 Tata Institute of Social Sciences (TISS) 98

Top 10 MBA Colleges in Mumbai

The two-year MBA program from top colleges in Mumbai offers great career opportunities, including roles like business analyst, marketing manager, and even entrepreneurship. Graduates can secure positions in well-known companies or start their own businesses.

Here’s a list of top MBA colleges in Mumbai along with their approximate fees and Exam:

S.No  College Name Fees (Approx.) Entrance Exam
1 IIM Mumbai (NITIE) ₹22 Lakhs CAT
2 Shailesh J. Mehta School of Management (IIT Bombay) ₹4.91 Lakhs CAT and GMAT
3 SP Jain Institute of Management & Research (SPJIMR) ₹20.42 Lakhs CAT, GMAT, and XAT
4 Jamnalal Bajaj Institute of Management Studies (JBIMS) ₹3.5 Lakhs MAH CET
5 Narsee Monjee Institute of Management Studies (NMIMS) ₹24 Lakhs NMAT
6 Tata Institute of Social Sciences (TISS) ₹1.89 Lakhs TISSNET
7 KJ Somaiya Institute of Management Studies & Research (SIMSR) ₹9.59 Lakhs CAT, XAT, CMAT
8 Prin. L. N. Welingkar Institute of Management Development & Research (WE School) ₹6.5 Lakhs CAT, XAT, CMAT, GMAT, and MAH CET
9 SDA Bocconi Asia Centre (SDA Bocconi) ₹19.4 Lakhs GMAT, GRE and CAT
10 SIMSREE (Sydenham Institute of Management Studies) ₹1.34 Lakhs MAH CET, CAT, and XAT

Top MBA Govt Colleges in Mumbai Highlights

Mumbai is home to several prestigious government MBA colleges. Some renowned institutions offering quality MBA programs are:

College Name Fees (per year) Average Package (per annum)
Jamnalal Bajaj Institute of Management Studies (JBIMS) ₹7-8 lakhs ₹22-25 lakhs
Sydenham Institute of Management Studies (SIMSREE) ₹7-8 lakhs ₹12-15 lakhs

Top MBA Private Colleges in Mumbai Highlights

Mumbai is home to several top private MBA/PGDM colleges that offer specialized programs, world-class infrastructure, and strong industry connections for career growth. Some of the most renowned institutions in this category include:

College Name Fees (per year) Average Package (per annum)
IIM Mumbai (NITIE) ₹18-22 lakhs ₹25-30 lakhs
SP Jain Institute of Management & Research (SPJIMR) ₹19-20 lakhs ₹22-25 lakhs
Narsee Monjee Institute of Management Studies (NMIMS) ₹15-20 lakhs ₹20-22 lakhs
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay ₹10-15 lakhs ₹18-22 lakhs
Welingkar Institute of Management Development & Research (WeSchool) ₹8-10 lakhs ₹10-12 lakhs
SDA Bocconi Asia Centre ₹15-18 lakhs ₹15-18 lakhs

Highest Salary Offered by Top MBA Colleges in Mumbai

Here’s a quick overview of the top MBA colleges in Mumbai, including their average salary packages and some of the leading companies that recruit from these institutions:

College Name Average Salary Package Leading Recruiters
IIM Mumbai (NITIE) ₹28 LPA
Goldman Sachs, EXL, HDFC Bank, KPMG, etc.
SPJIMR ₹32 LPA
Castrol, KPMG, Barclays, Godrej, etc.
Welingkar Mumbai ₹9 LPA
Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.

Top MBA Colleges in Mumbai Admission

The admission process varies from college to college eligibility criteria for the best MBA colleges in Mumbai. Admission requires a minimum of 3 years of bachelor’s degree with a minimum of 50% marks in any discipline. MBA colleges accept entrance exam scores. The candidate has to appear in one of the acceptable MBA entrance exams and apply for the best MBA colleges for Mumbai admission to the preferred institute candidates will be shortlisted based on MBA entrance exam score, academics, and work experience.

The below-mentioned table holds the best colleges for MBA admission.

College Name Admission Link
IIM Mumbai (NITIE) IIM Mumbai (NITIE) Admission
Shailesh J. Mehta School of Management (IIT Bombay) Shailesh J. Mehta School of Management (IIT Bombay) Admission
SP Jain Institute of Management & Research (SPJIMR) SP Jain Institute of Management & Research (SPJIMR) Admission
Jamnalal Bajaj Institute of Management Studies (JBIMS) Jamnalal Bajaj Institute of Management Studies (JBIMS) Admission
Narsee Monjee Institute of Management Studies (NMIMS) Narsee Monjee Institute of Management Studies (NMIMS) Admission
Tata Institute of Social Sciences (TISS) Tata Institute of Social Sciences (TISS) Admission
KJ Somaiya Institute of Management Studies & Research (SIMSR) KJ Somaiya Institute of Management Studies & Research (SIMSR) Admission
Prin. L. N. Welingkar Institute of Management Development & Research (WE School) Prin. L. N. Welingkar Institute of Management Development & Research (WE School) Admission
SDA Bocconi Asia Centre (SDA Bocconi) SDA Bocconi Asia Centre (SDA Bocconi) Admission
SIMSREE (Sydenham Institute of Management Studies) SIMSREE (Sydenham Institute of Management Studies) Admission

Top MBA Colleges in Mumbai CutOff

List of MBA colleges in Mumbai and their Cutoff.

College Name Exam Accepted Cutoff Percentile
IIM Mumbai (NITIE) CAT 98+
Jamnalal Bajaj Institute of Management Studies (JBIMS) CAT/MAH CET 99.5+
Shailesh J. Mehta School of Management (IIT Bombay) CAT 98+
SP Jain Institute of Management & Research CAT/GMAT 93+ (profile-based)
Narsee Monjee Institute of Management Studies (NMIMS) NMAT 240+
Prin. L. N. Welingkar Institute of Management Development & Research (WE School) CAT/XAT/GMAT/ATMA/CMAT CAT 75+
KJ Somaiya Institute of Management Studies & Research (SIMSR) CAT/XAT/CMAT/NMAT/GMAT CAT 85+
SDA Bocconi Asia Centre CAT/NMAT/GMAT/GRE NMAT 200+

 

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Showing 47 Colleges

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# 3 NIRF

IIT Bombay

Mumbai, Maharashtra Public 4.3 # 3 NIRF
Courses Offered

13 Courses

Exam Accepted

CEED , IIT JAM
Tuition Fees Range ₹20 K-36 L
Accreditation -/-

Mumbai University

Mumbai, Maharashtra Public 3.6
Courses Offered

43 Courses

Exam Accepted

NATA
Tuition Fees Range ₹2 K-2.70 L
Accreditation NAAC

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JBIMS Mumbai

Mumbai, Maharashtra Private 3.9
Courses Offered

7 Courses

Exam Accepted

-/-
Tuition Fees Range ₹1.02 L-3.05 L
Accreditation -/-

NL Dalmia Institute

Mumbai, Maharashtra Private
Courses Offered

4 Courses

Exam Accepted

ATMA
Tuition Fees Range ₹8.70 L
Accreditation NAAC-A , NIRF

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Kishinchand Chellaram College

Mumbai, Maharashtra Private 4.1
Courses Offered

8 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation NAAC

SJMSOM

Mumbai, Maharashtra Public 4.2
Courses Offered

3 Courses

Exam Accepted

-/-
Tuition Fees Range ₹13.93 L-42 L
Accreditation -/-

Elphinstone College

Mumbai, Maharashtra Public 3.4
Courses Offered

5 Courses

Exam Accepted

CAT
Tuition Fees Range -/-
Accreditation NAAC
Courses Offered

4 Courses

Exam Accepted

-/-
Tuition Fees Range ₹1.15 L
Accreditation -/-
Courses Offered

3 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

2 Courses

Exam Accepted

-/-
Tuition Fees Range ₹1.88 L-4.38 L
Accreditation NAAC

SDA Bocconi Asia Center

Mumbai, Maharashtra Private 4.3
Courses Offered

1 Courses

Exam Accepted

-/-
Tuition Fees Range ₹18.60 L
Accreditation -/-
Courses Offered

26 Courses

Exam Accepted

MAH MBA/MMS CET
Tuition Fees Range ₹1 L-15.64 L
Accreditation NAAC-A

Rustomjee Business School

Mumbai, Maharashtra Private
Courses Offered

2 Courses

Exam Accepted

CMAT
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

11 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

4 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-

National Academy of Management Studies

Mumbai, Maharashtra Private
Courses Offered

3 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

2 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-

Indian School Of Management and Studies

Mumbai, Maharashtra Private
Courses Offered

5 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-

Amity University Mumbai

Mumbai, Maharashtra Private 3.9
Courses Offered

28 Courses

Exam Accepted

-/-
Tuition Fees Range ₹1.20 L-12.12 L
Accreditation NIRF
Courses Offered

3 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

4 Courses

Exam Accepted

-/-
Tuition Fees Range ₹3.10 L-6.10 L
Accreditation -/-
Courses Offered

5 Courses

Exam Accepted

-/-
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

2 Courses

Exam Accepted

CAT
Tuition Fees Range -/-
Accreditation -/-
Courses Offered

2 Courses

Exam Accepted

CAT
Tuition Fees Range ₹1.43 L-4.72 L
Accreditation -/-

Asian Management Development Centre

Mumbai, Maharashtra Private 4.6
Courses Offered

1 Courses

Exam Accepted

-/-
Tuition Fees Range ₹7.92 L
Accreditation -/-

NMIMS SBM Mumbai

Mumbai, Maharashtra Private
Courses Offered

4 Courses

Exam Accepted

-/-
Tuition Fees Range ₹4.50 L-16.25 L
Accreditation NAAC-A
Courses Offered

5 Courses

Exam Accepted

COMEDK UGET , KIITEE
Tuition Fees Range ₹1.35 L-1.51 L
Accreditation -/-
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