Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2026, Courses, Placements

Students can take a look at the table below for the NIRF 2025 rankings of the best MBA colleges in Mumbai:

College Name	NIRF 2023	NIRF 2024	NIRF 2025
Indian Institute of Management, Mumbai Ranking	7	6	6
Indian Institute of Technology Bombay Ranking	10	10	14
S. P. Jain Institute of Management & Research Ranking	20	20	20
SVKM's Narsee Monjee Institute of Management Studies Ranking	21	21	24
K. J. Somaiya Institute of Management Ranking	45	63	65
PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking	73	84	75

Disclaimer: This information is sourced from the official website of the ranking body and may vary.

Hi, Jobs & Career: The scope of MBA course is increasing day by day. MBA is one of the big job oriented professional programme and the most one which has been sought by the students. Once you have completed your degree, you have a great job opportunity in the industrial world. You may become the manager or executive in terms of designation. The management term is most suited to the managers and that's why it is the way, where you can reach on the top of the height as soon as possible by using your leadership and working proficiency. An MBA professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MBA professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MBA professional. Salary: Management sector is one of the highest paying sectors. The salary is no issue for the right candidates who have a good leadership, decision-making skill, enthusiasm and good academic background. The initial package in India is around Rs. 2 to 3 Lacs per annum but the maximum is unlimited. Also, the increment in this sector is quite good and depending on your capability, you can reach up to a six-figure income in a quick span of time.

It is estimated that joining MBA colleges in Mumbai can be expensive, but we have identified some affordable options with tuition fees of less than INR 1 Lacs and between INR 1-2 lakh.

Low-cost Colleges	Total Tuition Fee
Welingkar Mumbai	INR 94,000
National Institute of Management and Research Studies	INR 1.5 lakh
Jankidevi Bajaj Institute of Management Studies	INR 1.7 lakh
NAEMD	INR 1.8 lakh
Indian Institute of Materials Management	INR 81,000

IIM Mumbai has highly qualified faculty. Most of the faculty are PhD and Masters degree holders. CIT also invites faculty for guest lectures and offer an opportunity to students to interact with some of the best personalities. At present, there are more than 100 faculty members and most of them are doctorates.

The placement rate recorded during SJMSOM IIT Bombay MBA placements 2023 was 100%. Students get a good salary package after completing MBA from a reputed institute like SJMSOM. The highest package and average package offered during SJMSOM IIT Bombay MBA placements 2023 stood at INR 54 LPA and INR 28.88 LPA, respectively. The top recruiters of SJMSOM IIT Bombay in 2023 included leading companies such as GEP, HUL, Google, Accenture, Cargill, etc. 

The prerequisites for MBA courses can vary from one college to another. However, the following are the fundamental requirements for admission to Mumbai's best MBA college:

• As a baseline requirement for admission to the MBA (full-time) programme, candidates must have earned their bachelor's degree in any discipline or its equivalent from an accredited university.
• The majority of institutions adhere to the average or equivalent minimum score requirement of 50% for graduation. The required overall score for students in the reserved category is 45%.
• Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.

There are about 160+ best MBA colleges in Mumbai. Of these, 111 colleges are privately owned and 11 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Mumbai. NMIMS School of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc. are some of the popular MBA colleges in Mumbai.

Joining an MBA college in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
NMIMS School of Business Management MBA	INR 8 lakh – INR 24 lakh	INR 7 LPA - INR 19 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 14 lakh	INR 28 LPA
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
SIES College of Management Studies MBA	INR 5 lakh – INR 7 lakh	INR 8 LPA

Hope this information proves beneficial for you!!

SP Jain Institute of Management and Research offeredthe the highest placement package ranging between INR 3 LPA - INR 32 LPA,  and the prominent recruiters participated include Castrol, Godrej, Barclays, CISCO, KPMG, etc.

Refer to the table below for a detailed overview of some of the top MBA colleges in Mumbai along with their average placement package and the prominent recruiters:

College Name	Annual Average Package	Top Recruiters
NMIMS School of Business Management Placements	INR 7 LPA - INR 19 LPA	KPMG, Infosys, Cognizant, EXL, ITC, etc.
IIM Mumbai (formerly known as NITIE) Placements	INR 28 LPA	Amazon, ITC, EY, Flipkart, Microsoft, etc.
S.P. Jain Institute of Management and Research Placements	INR 3 LPA – INR 32 LPA	Castrol, Godrej, Barclays, CISCO, KPMG, etc.
SIES College of Management Studies Placements	INR 8 LPA	BigBasket, Tata Motor Finance, Federal Bank, HDFC Bank, etc.

Disclaimer: This information is sourced from the official website/media reports/NIRF website and may vary.

The highest package offered during SPJIMR PGDM placements over the past three years is presented below:

Particulars	Placement Statistics (2024)	Placement Statistics (2025)	Placement Statistics (2026)
Highest package	INR 81 LPA	INR 89 LPA	INR 75 LPA

Pune has the largest number of MBA colleges, i.e. 258 which include National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.

The distribution of Mumbai's MBA colleges by location is shown in the table below, along with the colleges' names and numbers:

Regions	Number/Names of Colleges
Pune	258 (National Institute of Bank Management, Symbiosis Institute of Business Management, Pune Institute of Business Management, etc.)
Nagpur	65 (IIM Nagpur, IMT Nagpur, Datta Meghe Institute of Management Studies, etc.)
Nashik	39 (Sandip Institute of Technology and Research Centre, MET League of Colleges, Bhujbal Knowledge City, Sandip University, etc.)
Ahmednagar	25 (Sanjivani College of Engineering, Amrutvahini College of Engineering, Global Institute of Management, etc.)
Aurangabad	22 (MGM Institute of Management and Research, Deogiri Institute of Engineering and Management, Dr. Babasaheb Ambedkar Marathwada University, etc.)

There are about 160+ best MBA colleges in Mumbai. Of these, 111 colleges are privately owned and 11 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Mumbai. NMIMS School of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc. are some of the popular MBA colleges in Mumbai.

According to NIRF 2025 rankings for management, there are around 9 top MBA colleges in Maharashtra. See rankings and locations below. 

MBA Top Colleges in Maharashtra Ranking	Rank	Location
IIM Mumbai Ranking	6	Mumbai
IIM5 Institute of Business Management Ranking	11	Pune
Indian Institute of Technology Bombay Ranking	14	Mumbai
S. P. Jain Institute of Management and Research Ranking	20	Mumbai
Sri Mumbai Ranking	24	Mumbai
IIM Nagpur Ranking	25	Nagpur
Pune J Somaiya Institute of Management Ranking	65	Mumbai
Prin. L.N. Welingkar Institute of Management Development and Research Ranking	75	Mumbai
Pune of Management Technology Ranking	99	Nagpur
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth Ranking	101-125	Pune
National Institute of Bank Management Ranking	101-125	Pune
Pune Institute of Management Ranking	101-125	Pune
Sri Balaji University Ranking	101-125	Pune

Source: Official NIRF report: India Rankings 2025: Management. For 2026, it is yet to be published by NIRF.

Joining an MBA college in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
NMIMS School of Business Management MBA	INR 8 lakh – INR 24 lakh	INR 7 LPA - INR 19 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 14 lakh	INR 28 LPA
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
SIES College of Management Studies MBA	INR 5 lakh – INR 7 lakh	INR 8 LPA

Hope this information proves beneficial for you!!

Yes, the top MBA college in Maharashtra with an MBA after Class 12 is Shailesh J. Mehta School of Management of IIT Bombay. It has a B.Tech + MBA course of five years, which is very competitive with only 20 seats, and the entrances are JEE Main and JEE5 Advanced with high cutoffs. 

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

• The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
• For the reserved category,  the score should at least be 45% aggregate.
• Some institutes accept other competitive exam scores such as XAT, MAT,  GMAT,  NMAT,  ATMA,  SNAP, etc.

There are about 30+ Online MBA colleges in Mumbai. Some of them are mentioned below along with their tuition fees:

Online MBA	Tuition Fee
SPJIMR Mumbai	INR 10 lakh
Welingkar Mumbai	INR 61,000 - INR 1 lakh
Amity University Online	INR 2 Lacs - INR 3 lakh
Parul University Online	INR 90,000
Online Manipal	INR 3 Lacs - INR 6 lakh

MBA colleges in Maharashtra are among the best in the country, as the best ones can match up to the fees and more. Before choosing your management education at any part of this state, you must ideally look at the tuition fee and the average packages the graduates get. Check this table for reference. 

College Name	Total Tuition Fee	Annual Average Package
NMIMS School of Business Management MBA	INR 8 lakh – INR 24 lakh	INR 7 LPA - INR 19 LPA
SIBM Pune MBA	INR 24 lakh	INR 24 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 14 lakh	INR 21 LPA – INR 31 LPA
SPJIMR MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
NMIMS Mumbai MBA	INR 10 lakh	INR 19 LPA

Hope this information proves beneficial for you!!

These are some popular and well-rated MBA colleges in Maharashtra that have direct admissions. 

1. Whistling Woods International
2. Indian Institute of Digital Education
3. MKES Institute of Management Studies & Research

Note: All info. is from official sources and can change. 

MBA is a two-year course consisting of four semesters. NMIMS Mumbai offers various Management courses including MBA, MBA in Human Resources, MBA in Law, etc. The total tuition fee for NMIMS Mumbai MBA range between INR 16 Lakh and INR 27 lakh. However the fee range could have changed, students can visit the college's official website for exact information related to fees for MBA.

Students can check the table below for some popular courses under MBA:

Course Name	Total Tuition Fee
Business Analytics	INR 23 lakh
Human Resources	INR 25.5 lakh
Pharmaceutical Management	INR 18 lakh

In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide. 

If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.

• The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
• For the reserved category,  the score should at least be 45% aggregate.
• Some institutes accept other competitive exam scores such as XAT, MAT,  GMAT,  NMAT,  ATMA,  SNAP, etc.

There are about 30+ Online MBA colleges in Mumbai. Some of them are mentioned below along with their tuition fees:

Online MBA	Tuition Fee
SPJIMR Mumbai	INR 10 lakh
Welingkar Mumbai	INR 61,000 - INR 1 lakh
Amity University Online	INR 2 Lacs - INR 3 lakh
Parul University Online	INR 90,000
Online Manipal	INR 3 Lacs - INR 6 lakh

Yes, you can apply for an MBA course at KJSIM without CAT scores. The institute accept other exam scores as well for admission. Candidates with a valid score of XAT/GMAT/NMAT/CMAT are also eligible to apply. Apart from this, aspirants must have a valid bachelor's degree from a recognised university to be eligible for course admission. The final selection is done based on shortlisted candidates performance in the group discussion and personal interview rounds.

Candidates can check below the step-by-step application process of MBA/PGDM at Welingkar Mumbai:

• Go to the official website of Welingkar Mumbai
• Click on 'Apply Now'
• Enter Name, mobile no, email ID, state and city 
• Create a password
• Tick the eligibility tickbox and click on registration 
• Enter OTP received on mail and click on 'submit OTP'
• Candidate login page opens 
• Login using email ID and password 
• Pay the application fee 
• Upload photo, signature and photo ID proof 
• Click on Application form 
• Fill in all details 
• Select programme and campus preference 
• Choose GDPI centre prefrence 
• Fill in parent's details 
• Click on Next 
• Fill in contact details and educational details 
• Upload documents 
• Click on submit 

AGBS Mumbai provides significant programs in the Management realm to students. The institute is part of Amity's AGBS network and provides the 2 courses of GPBA+BBA and PGPM+MBA. These courses are designed with a global outlook. The placements at the institute provide students with excellent opportunities. The placement rate was recorded at 98% and the highest package at AGBS Mumbai stood at INR 23 LPA.

Aditya School of Business Management offers AICTE approved two-years PGDM programme. The school offers PGDM +, PGDM Business Analytics and PGDM Artificial Intelligence & Data Science. Admission to PGDM courses is entrance-based. 

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by SIES College of Management Studies after completion of MBA/PGDM is INR 750,000. Basis these stats, National Insurance Academy- NIA is better option compared to SIES College of Management Studies on the Median salary parameter.

PGDM is the flagship course of N. L. Dalmia offered in three specialisations. The institute provides real-time corporate and professional experience through numerous guest lectures, live workshops, projects, and internships to MBA students. After completing graduation from N. L. Dalmia, students are offered jobs in top companies. 

{Source: MBA/PGDM students & alumni}

Effectiveness of Placement Cell for MBA/PGDM Courses at Universal AI University

Based on the feedback from students and alumni, here's a summary of the effectiveness of the placement cell:

* Good placement record: The university has a good placement record, with almost 95% of students getting placed every year. The average salary package offered is around INR6.5 Lacs to INR7.5 Lacs per annum, with some students receiving offers up to INR21 Lacs per annum.

* Regular campus placements: The placement cell conducts regular campus placements, with multiple companies visiting the campus every year. Some of the notable recruiters include LG, Upgrade, Reliance, Marico, HUL, Amazon, CBRE, HDFC, and Deloitte, among others.

* Active placement team: The placement team is actively involved in ensuring that students are placed in reputed companies. They work closely with companies to customize job profiles according to student interests and skill sets.

* Training and preparation: The university provides training and preparation sessions to help students prepare for interviews and assessments. This includes mock interviews, group discussions, and personality development workshops.

* Industry connections: The university has strong ties with the corporate world, providing students with opportunities for internships, mentorship programs, and guest lectures from industry experts.

* Constant improvement: The placement cell continuously evaluates and improves its processes to ensure better outcomes for students.

In conclusion, the placement cell at Universal AI University is effective in placing students in reputed companies, offering competitive salaries, and providing training and preparation for the industry.

MBA is one of the popular courses of Amity Mumbai. After completing MBA from Amity University Mumbai, students will be open to multiple job opportunities. The final placement report is yet to be released for the batch passing out in 2023. However, the university has released the NIRF report 2023 on its official website. According to the NIRF report 2023, 198 MBA students were placed during Amity University Mumbai placements 2022. Further, the median package offered to MBA students during Amity Mumbai placements 2022 was INR 6.50 LPA. The top recruiters of Amity University Mumbai during the past years included HCL, Airtel, TCS, Infosys, Amazon, Deloitte, Wipro, etc. 

Check other MBA Colleges in Mumbai

Vivekanand Business School accepts the scores of various national/state-level entrance exams for admitting students to its PGDM course. The institute has specified the VBS PGDM cut-off required for admission through various accepted entrance exams. ATMA and MHCET scores are considered for shortlisting. A list of the same has been presented below:

• CAT: 75 Percentile 
• XAT: 70 Percentile 
• CMAT: 75 Percentile 
• MAT: 85 Percentile