Best Colleges accepting NMAT Score in Mumbai (All)
There are a total of 20 top NMAT accepting MBA colleges in Mumbai (All). Among these, 17 colleges are privately owned and 1 college is owned by public/government organisations. NMAT is one of the important entrance exams accepted in top MBA colleges in Mumbai (All). NMIMS School of Business Management Mumbai, NMIMS Mumbai, K J Somaiya Institute of Management, ICFAI Business School, Mumbai, ITM Business School, Navi Mumbai, SDA Bocconi Asia Center, Amity University, Mumbai, NMIMS Deemed to be University, BSE Institute Limited, etc. are some of the popular NMAT accepting MBA colleges in Mumbai (All).
There are a total of 20 top NMAT accepting MBA colleges in Mumbai (All). Among these, 17 colleges are privately owned and 1 college is owned by public/government organisations. NMAT is one of the important entrance exams accepted in top MBA colleges in Mumbai (All). NMIMS School of Business Management Mumbai, NMIMS Mumbai, K J Somaiya Institute of Management, ICFAI Business School, Mumbai, ITM Business School, Navi Mumbai, SDA Bocconi Asia Center, Amity University, Mumbai, NMIMS Deemed to be University, BSE Institute Limited, etc. are some of the popular NMAT accepting MBA colleges in Mumbai (All).
Table of Contents
- Best MBA Colleges accepting NMAT Score in Mumbai (All): Highlights 2023
- How can I get admission to top MBA colleges accepting NMAT score in Mumbai (All)?
- What are the most popular entrance exams accepted by best MBA colleges in Mumbai (All)?
- What are the best MBA colleges accepting NMAT score in Mumbai (All)?
- What are the top private MBA colleges accepting NMAT score in Mumbai (All)?
- What are the top govt. MBA colleges accepting NMAT score in Mumbai (All)?
- What is the cost of best MBA colleges accepting NMAT score in Mumbai (All)?
- Top MBA Colleges Accepting NMAT Score in Mumbai (All): Comparison
Best MBA Colleges accepting NMAT Score in Mumbai (All): Highlights 2023
Master of Business Administration (MBA) is a postgraduate degree programme that provides advanced business and management training. The course will equip students with the knowledge and skills to succeed in leadership roles. MBA programs emphasise the development of an individual's analytical, critical thinking, and decision-making skills. MBA also helps students to communicate effectively and work effectively in teams.
The key highlights related to best MBA colleges in Mumbai (All) under NMAT score are mentioned below:
| Parameters |
Particulars/Statistics |
|---|---|
| No. of MBA Colleges |
20 |
| Annual Fees |
INR 2-3 lakh: 1 college INR 3-5 lakh: 4 colleges INR > 5 lakh: 14 colleges |
| Top Specialisations |
Finance, Human Resources, Sales and Marketing, International Business, etc |
| Accepted Entrance Exam |
Predict your chances here: MBA 2023 Cutoff Predictor
How can I get admission to top MBA colleges accepting NMAT score in Mumbai (All)?
The general eligibility criteria to get MBA admission in NMAT colleges in Mumbai (All) are listed below:
- Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
- MBA colleges in Mumbai (All) consider scores from national-level entrance exams such as NMAT. Candidates are required to meet the minimum cutoff scores set by the respective colleges.
What are the most popular entrance exams accepted by best MBA colleges in Mumbai (All)?
One of the popular entrance exams accepted by top NMAT colleges in Mumbai (All) are mentioned below:
- NMAT: NMAT or NMAT by GMAC is a national-level entrance test conducted for MBA admissions at NMIMS University and other reputed B-Schools in India as well as abroad. Narsee Monjee Institute of Management Studies conducted NMAT until GMAC took over the authority. NMAT is designed to keep the test-taker's convenience in mind. Candidates can choose the exam date and venue preference during the exam window using the NMAT scheduling option. NMAT shares some features with GMAT as candidates are allowed to choose the preferred date during a testing window as well as self-schedule the test, time and venue, and appointment date based on the availability of seats at the preferred test centre. The national-level entrance exam, NMAT, is conducted annually during the test window of specified days. NMAT by GMAC score is based on the performance of candidates in three sections, namely, Language Skills, Quantitative Skills and Logical Reasoning.
Listed below are the following admission dates for NMAT accepting MBA colleges in Mumbai (All) along with their schedule:
| Exam Name |
Schedule |
|---|---|
| NMAT 2023 Exam |
Also Read:
- Why NMAT by GMAC?
- Preparation tips for NMAT exam
- How to prepare for NMAT online
- Best books for NMAT preparation
Predict your NMAT score and admission chances with Shiksha College predictor: NMAT 2023 College Predictor
What are the best MBA colleges accepting NMAT score in Mumbai (All)?
Colleges are ranked each year by the National Institutional Ranking Framework (NIRF). The rating is determined by a number of factors, and it varies from year to year based on how well a college or university performs in areas like faculty, placements, and infrastructure.
The below table shows the NMAT colleges in Mumbai (All) that are ranked under NIRF from past three years, i.e. from 2021 to 2023:
| College Name |
NIRF 2021 |
NIRF 2022 |
NIRF 2023 |
|---|---|---|---|
| 22 |
25 |
21 |
|
| 56 |
71 |
45 |
READ MORE: MBA Courses
What are the top private MBA colleges accepting NMAT score in Mumbai (All)?
The following table presents a list of private NMAT accepting colleges in Mumbai (All) for admission, along with their respective total tuition fees.
| Private Colleges |
Total Tuition Fee |
|---|---|
| INR 8 lakh – INR 24 lakh |
|
| INR 10 lakh |
|
| INR 9 lakh |
|
| INR 12 lakh |
|
| INR 16 lakh |
|
| INR 12 lakh |
READ MORE: MBA Syllabus 2023
What are the top govt. MBA colleges accepting NMAT score in Mumbai (All)?
The following table presents a list of government NMAT accepting colleges in Mumbai (All) for admission, along with their respective total tuition fees.
| Public/Government Colleges |
Total Tuition Fee |
|---|---|
| INR 2 lakh – INR 7 lakh |
READ MORE: MBA Admission 2024
READ MORE:
What is the cost of best MBA colleges accepting NMAT score in Mumbai (All)?
Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.
Listed below are the top NMAT accepting colleges in Mumbai (All) along with their total tuition fee and annual average package:
| College Name |
Total Tuition Fee |
Annual Average Package |
|---|---|---|
| INR 8 lakh – INR 24 lakh |
INR 7 LPA |
|
| INR 10 lakh |
INR 19 LPA |
|
| INR 16 lakh |
INR 13 LPA |
|
| INR 12 lakh |
INR 6 LPA |
|
| INR 10 lakh |
INR 13 LPA |
|
| INR 2 lakh – INR 7 lakh |
INR 3 LPA – INR 4 LPA |
READ MORE: Career After MBA
Top MBA Colleges Accepting NMAT Score in Mumbai (All): Comparison
The table below shows the comparison of top NMAT accepting colleges in Mumbai (All):
Best Colleges accepting NMAT Score in Mumbai (All)
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
Mumbai is home to 20 of the best MBA programs that accept NMAT (All). Of these, 1 college is owned by public or government entities, and the other 17 are privately held. One of the key entry tests that all of Mumbai's best MBA schools accept is the NMAT. Popular NMAT accepting MBA colleges in Mumbai (All) include NMIMS School of Business Management, NMIMS Mumbai, K J Somaiya Institute of Management, ICFAI Business School, Mumbai, ITM Business School, Navi Mumbai, SDA Bocconi Asia Center, Amity University, Mumbai, NMIMS Deemed to be University, BSE Institute Limited, etc.
The National Institutional Ranking Framework (NIRF) ranks colleges annually. A number of variables influence the ranking, which changes year depending on how well a college or university does in areas including faculty, placements, and infrastructure.
The NMAT colleges in Mumbai (All) that have been ranked by NIRF for the last three years, from 2021 to 2023, are displayed in the table below:
College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
|---|---|---|---|
22 | 25 | 21 | |
56 | 71 | 45 |
The table below shows the private top MBA colleges in Mumbai (All) that accept NMAT scores along with their total tuition fees:
Private Colleges | Total Tuition Fee |
|---|---|
INR 8 Lacs – INR 24 lakh | |
INR 10 lakh | |
INR 9 lakh | |
INR 12 lakh | |
INR 16 lakh | |
INR 12 lakh |
Getting admission into SP Jain PGDM programme requires candidates to follow some steps.
- The first step is to register for the PGDM programme by paying an application fee of INR 2,000.
- Second step is evaluation of entrance exam score. Candidates need to qualify CAT/ GMAT for admission to PGDM. Selected candidates are further called for a personal interview round. Candidates can check out CAT preparation tips to score well in exam.
- The final selection is based on academic performance, work experience, entrance exam score of the candidates.
Aspirants completing all the steps can get into PGDM programme of SPJIMR. The institute follows a simple process of offering admission. However, aspirants must score decent to get admission.
During NMIMS placements 2024, 37% of the MBA Core students were placed through PPOs. A total of 168 companies participated in the placement process, including 72 new recruiters. The institute also witnessed the participation of 68 Fortune 500 recruiters. Check the complete insights of NMIMS MBA placements 2024 from the table below:
| Particulars | MBA Core Placement Statistics (2024) |
|---|---|
| Highest package | INR 67.70 LPA |
| Average package | INR 25.13 LPA |
| Top 10% package | INR 40.60 LPA |
| Top 20% package | INR 37.10 LPA |
| Top 30% package | INR 34.40 LPA |
| Top 40% package | INR 32.10 LPA |
| Batch placed through PPOs | 37% |
| Fortune 500 recruiters | 68 |
| Total recruiters | 168 |
| New recruiters | 72 |
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
NMIMS School of Business Management has the highest total tuition fee ranging between INR 8 Lacs - INR 24 lakh, while BSE Institute Limited Mumbai has the lowest total tuition fee ranging between INR 2 Lacs – INR 7 lakh.
The best NMAT colleges in Mumbai (All) are included in the table below, along with the total cost of tuition for each:
College Name | Total Tuition Fee |
|---|---|
INR 8 Lacs – INR 24 lakh | |
INR 10 lakh | |
INR 16 lakh | |
INR 12 lakh | |
NMIMS Deemed to be University - Navi Mumbai Campus Admission | INR 10 lakh |
INR 2 Lacs – INR 7 lakh |
Return on Investment (ROI) is a metric used to indicate how much money you will make or gain by attending a specific college. It evaluates the candidate's return on study fees and the return they receive in the form of job placements.
The best NMAT-accepting colleges in Mumbai (All) are listed below, along with information on their annual average package and total tuition:
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
INR 8 Lacs – INR 24 lakh | INR 7 LPA | |
INR 10 lakh | INR 19 LPA | |
INR 16 lakh | INR 13 LPA | |
INR 12 lakh | INR 6 LPA | |
INR 10 lakh | INR 13 LPA | |
INR 2 Lacs – INR 7 lakh | INR 3 LPA – INR 4 LPA |
Return on Investment (ROI) is a metric that quantifies the profitability or advantage derived from undertaking a course at a specific college. It evaluates the correlation between the fees invested by a student during their academic tenure and the subsequent returns in the form of placement opportunities.
The following are some of the leading colleges in Mumbai that accept NMAT scores, along with details on their total tuition fees and annual average packages:
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
INR 8 Lacs – INR 24 lakh | INR 7 LPA | |
INR 10 lakh | INR 19 LPA | |
INR 16 lakh | INR 13 LPA | |
INR 12 lakh | INR 6 LPA | |
INR 10 lakh | INR 13 LPA | |
INR 2 Lacs – INR 7 lakh | INR 3 LPA – INR 4 LPA |
Here is a table comprising government-affiliated NMAT-accepting colleges in Mumbai (All) for admissions, along with their corresponding total tuition fees:
Public/Government Colleges | Total Tuition Fee |
|---|---|
INR 2 Lacs – INR 7 lakh |
As per the details available on the official website and the latest admission brochure, MBA admissions at KJ Somaiya Institute of Management (KJSIM) are completely based on the merit of students in their UG degree along with their performance in the national/ state/ university-level entrance exam. Similar is the case for MCA and PhD admission, students who meet the eligibility criteria of having completed their UG and PG degrees, respectively, with a valid score in national/ state/ university-level entrance exams can secure admission. However, students are advised to reach out to the admission office to confirm the same.
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
The following is a list of general requirements for admission to all NMAT colleges in Mumbai (All) for MBA programs:
- A bachelor's degree or its equivalent from an accredited university or other institution in any discipline is required of candidates, with a minimum cumulative GPA of 50%.
- All MBA schools in Mumbai take into account the results of national admission tests like the NMAT. It is necessary for candidates to achieve the minimum cutoff scores that each college has established.
The table below shows the estimated fee structure of top NMAT accepting MBA colleges in Mumbai (All) along with their number of colleges:
| Fee Range | Names of Colleges |
|---|---|
| INR 2-3 lakh | BSE Institute Limited Mumbai |
| INR 3-5 lakh | Pillai Institute of Management Studies and Research, BSE Institute Limited Mumbai, Pillai Business School, etc. |
| INR > 5 lakh | NMIMS School of Business Management, NMIMS Mumbai, ITM Business School, etc. |
Yes, the NMAT is easier than the CAT exam. This is due to the following reasons:
- There is no negative marking in the NMAT unlike one-third negative marking for wrong answers in the CAT.
- You can do guess marking in a last-minute rush and get three marks even if only one choice is right.
- NMAT allows you to schedule the order of sections during the test. This makes it easier to attempt the sections for which you are well prepared.
- According to the updated pattern, the CAT has only 66 questions, compared to the NMAT's 108 questions, but the level of difficulty is higher.
- The CAT is a concept-based exam where you need to understand each question, and therefore, you need accuracy as well as speed in this exam.
- The competition in the NMAT is less than that in the CAT. As most MBA aspirants aim for IIM.
The total tuition fee for NMIMS School of Business Management MBA ranges between INR 16 lakh and INR 27 lakh. Check below fee for some of the MBA specialisations:
| Course Name | Total Tuition Fee |
|---|---|
| General | INR 11.95 lakh |
| Pharmaceutical Management | INR 19.2 lakh |
| Human Resources | INR 19.2 lakh |
| Business Analytics | INR 24.04 lakh |
| Healthcare Management | INR 19.2 lakh |
Yes, Narsee Monjee Institute of Management Studies, Navi Mumbai have good placements.
It is highly ranked private university with the alumni bade of 10lac+ students. It admits students on basis of NMAT score. It assures students 100% placements with the highest package of around 22LPA and it's average package is also around 10.7 LPA. Many flourished companies come to this university and recruit fresh talent with the highest packages.
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
Yes, there is scholarships for the MBA course at ITM Business School Navi Mumbai. The scholarship comprises a wide range of scholarships up to 100%. This scholarship is available for all MBA applicants. The basic criteria for application are mentioned below:
- The student must attend and clear the ITM Scholarship Entrance Test and CAPI (Case Analysis & Personal Interview) rounds
- A student who has completed the first and second year of graduation with an overall of 60%
- Any postgraduate or graduate who has an overall 60% in 10th, 12th, and graduation
Amity University Mumbai attracted various eminent recruiters annually for placement sessions. These recruiters offered a variety of job roles to the students across sectors, such as BFSI, IT, Education, FMCG, Consulting, and E-Commerce, etc.
The following is a list of a few top companies that were a part of the recent placement drive:
| Amity Mumbai Top Recruiters | ||
|---|---|---|
| Infosys | Deloitte | Nestle |
| Amazon | IBM | Airtel |
| Havells | Infosys | Deloitte |
| Axis Bank | Wipro | HCL |
Yes, PGPM students at IBS Mumbai are offered scholarships. The institute provides numerous scholarships worth INR 10 crore. Check out the below list to know all the scholarships available for PGPM students:
- Merit scholarships for the Class of 2026
- Wards of Defence Personnel (In-service/retired) from Army, Air Force, Navy, and Paramilitary Forces
- For Toppers in IBSAT
- For Physically Challenged Candidates
- For Wards of IBS Alumni
ATLAS SkillTech University offer scholarship to meritorious students. As a part of the ATLAS Scholarship Program, scholarships will be awarded for four different categories. Check below the scholarship categories:
| Category | Details |
|---|---|
| Merit-Based | Students demonstrating excellence in academics and high intellectual aptitude are eligible for scholarship |
| Financial Aid | Students who need financial support to achieve their aspirations at ATLAS can apply for this scholarship |
| Educators | Children of educators (teacher, professor or administrator.) are eligible for this scholarship |
| Defense | Children of personnel currently serving in the armed forces are eligible for this scholarship. |
To finalise the MBA seats at SDA Bocconi Asia Center need to pay an application fee to fill out the form. SDA Bocconi Asia Center releases the application forms online. Candidates need to pay the below application fee via any of the online payment modes for registration:
| Course | Application Fee |
|---|---|
| IMB | INR 3,500 |
| IEMB | INR 4,000 |
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
After completing an MBA/PGDM from Valia School of Management, candidates have numerous career opportunities in Business Administration. Students can become a Business Analyst, HR Manager, Product Manager, Sales Manager, etc. Some of the careers options available after PGDM from VSM Mumbai are mentioned below:
| Job Profiles | Average Salary |
|---|---|
| Business Analyst | INR 3 LPA - INR 17 LPA |
| Investment Banker | INR 2 LPA - INR 50 LPA |
| Chief Financial Officer | INR 12 LPA - INR 90 LPA |
| Project Manager | INR 5.6 LPA - INR 38 LPA |
| Management Consulting | INR 7 LPA - INR 42.8 LPA |
| Asset Manager | INR 3 LPA - INR 14 LPA |
| HR Manager | INR 2.9 LPA - INR 19 LPA |
| Project Manager | INR 4.2 LPA - INR 30 LPA |
| Sales Manager | INR 2.2 LPA - INR 16 LPA |
| Marketing Manager | INR 2.4 LPA - INR 25 LPA |
| Operations Manager | INR 3 LPA - INR 21 LPA |
NOTE: The above-mentioned data is taken from the various sources. It is still subject to change and, hence, is indicative.
You can choose MBA in Finance, FinTech, Marketing, Business Analytics, Entrepreneurship, Digital Marketing & Advertising, Investment Banking, and Design Management & Strategic Thinking. These options help in selecting MBA basis career interests and industry goals.
Some of the prominent recruiters who visited during the recent BSE Institute placements are listed in the table below:
BSE Institute Top Recruiters | ||
|---|---|---|
Analah Capital | Zee Business | ICCL |
Kotak Securities | Morning Star | Bank of India |
IIFL Securities | BSE | CDSL |
Arcon | KRG | ITI Gilts |
MBA placements at GNIMS are not bad at all. Approximately 80% of students were placed by the Institute and remaining 20% tried their luck of getting placed by their own individual efforts. The highest package offered was 13 LPA and the lowest package was around 3 LPA last year. Top companies like Seimens, Kotak Mahindra, HDFC, Motilal Oswal visited there last year. About 70 % students get internships and companies which offer internships are HDFC, Aditya Corporates, Shiksha.Com, Talent Corner.
No, Atharva School of Business is not that costly. The Atharva School of Business gives good education in Management field at affordable fees. The fees range for the PGDM course at the Atharva School of Business is INR 10.2 L - INR 12 L.
Commonly asked questions On Best Colleges accepting NMAT Score in Mumbai (All)
No, NMAT is not compulsory to get admission into the PGPM course at Athena School of Management, because the school also accepts several other entrance examination scores for admission to this management course, such as NMAT/ GMAT/ CAT/ ASAT - Athena Scholastic Ability Test. Therefore, NMAT is one of the accepted entrance exams for admission to the PGPM course. However, it is not compulsory. Therefore, candidates with relevant scores in any of the following entrance exams can get admission to PGPM courses.
As per the latest report, Pearl Academy Mumbai recorded 99% placement rate in the academic year 2024-2025. The key highlights of the Pearl Academy Mumbai placements for the Class of 2025 are presented below:
Particulars | Placement Statistics (2025) |
|---|---|
Placement rate | 99% |
Highest package | INR 26 LPA |
Average package | INR 4.8 LPA |
Total recruiters | 700+ |
Total students placed | 56 |
The first preparation tip for the campus recruitment drive is building a well-structured resume that speaks out the capabilities of the candidates. Thereafter, the students should first research the company for which they are willing to appear for an interview. The general criteria of selection are GD or mock tests. For this round, students can stay updated with the latest media pieces. There are various online mock interview tools that can be practiced. Communication is the key to selection. Students are advised to focus on their pronunciation and speech.
Students must have the set of required documents to complete the process. Atharva University Mumbai, admission documents are given below:
- Class 10 and 12 marksheets and certificates
- Graduation degree
- passport size photograph
- Aadhaar card
- Caste certificate (if any)
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