Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements

Filter IconAll FiltersClear All
Mumbai
Full Time
LocationUp Arrow Icon
Search IconClose Icon
SpecializationUp Arrow Icon
Search IconClose Icon
Total FeesUp Arrow Icon
  • (3)
  • (14)
  • (21)
  • (18)
  • (76)
RatingUp Arrow Icon
  • (1)
  • (5)
  • (25)
  • (54)
160 results

Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements

Sort By:Popularity
16 L - 25 L
16 L - 26.1 L
Q&A Icon
Commonly asked questions
On Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q:   Which is the top MBA college in Mumbai as per NIRF 2025?
A: 

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.

Q:   What is the scope of MBA?
A: 
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.
Q:   What are the affordable MBA colleges in Mumbai?
A: 

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 CollegesTotal Tuition Fee
Welingkar MumbaiINR 94,000
National Institute of Management and Research StudiesINR 1.5 lakh
Jankidevi Bajaj Institute of Management StudiesINR 1.7 lakh
NAEMDINR 1.8 lakh
Indian Institute of Materials ManagementINR 81,000
Q:   What job profiles are available to students after completing an MBA degree?
A: 

Hi, Following an MBA, the highest-paying jobs in India range in salary from INR 5 to 30 LPA. Following are some of the well-liked post-MBA career possibilities and their associated salaries:

MBA job profiles

Average salary (INR)

Finance Manager

17.3 LPA

Marketing Manager

12.5 LPA

Sales Manager

6.6 LPA

Human Resources Manager

12.1 LPA

Operations Manager

10.7 LPA

Product Manager

20.8 LPA

Data Analytics Manager

29.4 LPA

Digital Marketing Manager

11.8 LPA

NOTE: The above mentioned salaries has been taken from Ambitionbox, therefore it may vary in future.

 

Hope this information proves beneficial for you!!

13.48 L - 21.34 L
Q&A Icon
Commonly asked questions
On Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q:   What is the eligibility criteria to get admission in top MBA colleges in Mumbai?
A: 

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.
Q:   How many MBA colleges are there in Mumbai?
A: 

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 MumbaiNMIMS 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.

Q:   Is it worth doing an MBA from Mumbai?
A: 

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!!

Q:   What is the placement package offered to MBA graduates in Mumbai?
A: 

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.

16.5 L
Q&A Icon
Commonly asked questions
On Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q:   Which city has the largest number of MBA colleges in Mumbai?
A: 

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.)

Q:   How many MBA colleges are there in Mumbai?
A: 

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 MumbaiNMIMS 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.

Q:   Is it worth doing an MBA from Mumbai?
A: 

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!!

Q:   What are the top distance MBA colleges in Mumbai?
A: 

The table below shows the top distance MBA colleges in Mumbai along with their total tuition fees:

College NamesTotal Tuition Fee
Institute of Distance and Open Learning, University INR 19,000 - INR 1 lakh
IIBMSINR 41,000 - INR 51,000
K. C. College of Management StudiesINR 8,000
MIT School of Distance Education, Navi MumbaiINR 37,000 - INR 68,000
Mumbai College of Hotel Management and Catering TechnologyINR 1 lakh
7 L - 9 L
Q&A Icon
Commonly asked questions
On Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q:   Can I do MBA without giving any entrance exam?
A: 

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.
Q:   What are the top Online MBA colleges in Mumbai?
A: 

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

Online MBATuition Fee
SPJIMR MumbaiINR 10 lakh
Welingkar MumbaiINR 61,000 - INR 1 lakh
Amity University OnlineINR 2 Lacs - INR 3 lakh
Parul University OnlineINR 90,000
Online ManipalINR 3 Lacs - INR 6 lakh
8.58 L - 16.28 L
Q&A Icon
Commonly asked questions
On Best MBA Colleges in Mumbai: Ranking, Fees, Admissions 2025, Courses, Placements
Q:   Can I do MBA without giving any entrance exam?
A: 

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.
Q:   What are the top Online MBA colleges in Mumbai?
A: 

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

Online MBATuition Fee
SPJIMR MumbaiINR 10 lakh
Welingkar MumbaiINR 61,000 - INR 1 lakh
Amity University OnlineINR 2 Lacs - INR 3 lakh
Parul University OnlineINR 90,000
Online ManipalINR 3 Lacs - INR 6 lakh
9.5 L
Apply Icon

MBA/PGDM Applications open. Apply Now

4.01 L
6 L
View colleges in your budget of
< 1 Lakh (3)
1 - 2 Lakh (14)
2 - 3 Lakh (21)
3 - 5 Lakh (18)
> 5 Lakh (76)
9.4 L
94.4 K - 14 L
2.65 L
name
Map Pin IconVile Parle WestPvt
10 L
14 L
2.72 L
5.5 L - 10.5 L
11.9 L
10.5 L
Apply Icon

MBA/PGDM Applications open. Apply Now

3.38 L
7.2 L - 13.72 L
Apply Icon

MBA/PGDM Applications open. Apply Now

2.69 L - 10 L
Working Man Illustration
Get personalised college recommendations
Registering gives you the benefit to browse variety of colleges based on your preferences