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 is one of the premier Management Institutes in India. The past three-year placement trends suggest that the highest package offered during IIM Mumbai placements stand between INR 49 LPA and INR 78 LPA.

Further, the salary package offered during IIM Mumbai placements 2024 is presented below:

Particulars	Placement Statistics (2024)
the highest package	INR 54 LPA
Top 10% average package	INR 47.29 LPA
Top 20% average package	INR 40.71 LPA
Top 50% average package	INR 33.84 LPA
Average package (for PPOs)	INR 29.44 LPA
Median package (for PPOs)	INR 28 LPA

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.

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. 

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.

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

NMIMS SBM Mumbai is one of the top MBA institutes in the country. It has gotten good ranking by different ranking bodies. Tabulated below is the ranking bodies that have recognised and provided a rank to SVKM NMIMS in 2023 for its MBA programme:

Ranking Body	Rank '24
Business Today	8

Applicants can check below the AGBS Mumbai fee structure:

Course	Total Tuition Fee
GPBA+ BBA	INR 7.11 lakh
MBA+ PGPM	INR 8.41 lakh

Note: This is taken from the official website of college. It may change.

 

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 average salary package received by students after completing MBA/PGDM from ICFAI Business School, Mumbai is INR 817,000. While, the average salary offered by SIES College of Management Studies after completion of MBA/PGDM is INR 550,000 - INR 679,000. Basis these stats, ICFAI Business School, Mumbai is a better option compared to SIES College of Management Studies on the average salary parameter.

NL Dalmia has released its PGDM placement report for 2023. According to the report, the highest package offered during NL Dalmia placements in 2023 stood at INR 25.50 LPA. Take a look at the below table depicting the NL Dalmia placement highlights of 2023:

Particulars	Placement Statistics (2023)
Highest package	INR 25.50 LPA
Top 10% average package	INR 14.35 LPA
Top 25% average package	INR 12.30 LPA
Top 50% average package	INR 11.08 LPA
Top 75% average package	INR 10.28 LPA

The Universal AI University MBA programme has the following admission criteria:

Any candidate with 50% in their bachelor's degree from a recognised University is eligible for admission. The reserved category candidates may require at least 45% of the marks. Notably, CAT, XAT, MAT and GMAT (with a score of 500 or above), or its own test is compulsory, and the percentile standard range of the minimum cut-off is set at roughly 70- 75.

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

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 

Chetana's Institute of Management and Research has 300 seats in PGDM course. The institute offers seats in PGDM based on entrance exam scores and performance of aspirants in CDPI round. Check below PGDM specialisation-wise intake:

PGDM Specialisation	Intake
PGDM General	240
Marketing	60