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.
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 |
Rankings like NIRF, India Today, and Outlook evaluate MBA colleges using different factors such as faculty quality, university reputation, placement records, and research output.
Each ranking highlights different strengths of colleges, so it's useful to check multiple sources for a complete view.
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 |
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 |
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 |
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.
|
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.
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+ |
Exam Date: May 19, 2024
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