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 offers various courses, namely Post Graduate Diploma in Industrial Engineering (PGDIE), Post Graduate Diploma in Industrial Management (PGDIM) and Post Graduate Diploma in Sustainability Management (PGDSM), Post-Graduate Program for Executives for Visionary Leadership for Manufacturing (PGPEX-VLFM) and Fellow programme. Apart from this, the institute also offers certificate and global certificate programmes to its students.

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.

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.

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.

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!!

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!!

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. 

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

It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc.

Low-cost Colleges	Total Tuition Fee
Welingkar Mumbai	INR 94,000
Indira Institute of Management	INR 30,000
Abasaheb Garware Institute of Management Studies	INR 91,000
Punyashlok Ahilyadevi Holkar Solapur University	INR 88,000
Dr. Babasaheb Ambedkar Marathwada University	INR 20,000 - INR 90,000

Yes, Symbiosis Institute of Business Management is definitely a good option for pursuing an MBA degree.SIBM Pune is a constituent of Symbiosis International (Deemed University) which is accredited with A ++ Grade by NAAC. Symbiosis Institute of Business Management Pune was established in 1978 and is a member of EFMD & EFMD Global network. The institute has been ranked 13 under the Management category by the NIRF 2024.

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

The total tuition fee for NMIMS School of Business Management MBA ranges between INR 6 lakh and INR 24 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

 

IIEBM - Indus Business School and SIES College of Management Studies both are renowned universities for MBA/PGDM. However, in terms of affordability, IIEBM - Indus Business School is a better option since the total tuition fee for IIEBM - Indus Business School is INR 795,000 and the total tuition fee for MBA/PGDM at SIES College of Management Studies is INR 700,000 - INR 900,000. In the total fees that students generally end up paying the university or the college, various other components are also included, such as the exam fee, application fee, lab and other charges.

Candidates need to pass a bachelor's degree with at least 50% aggregate to apply for N. L. Dalmia PGDM programme. Final-year students may also apply but they must graduate before securing admission. Aspirants must hold the documents proving their eligibility for verification at the time of admission.

The top recruiters for the Amity Global Business School Mumbai placements are given below:

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 

IES MCRC offers a PGDM course specialising in Pharmaceutical Management, namely PGDM-PM. The duration of this course is two years. This duration consists of six terms, of which three are in the first year and three in the second year. Moreover, on completion of the first year, the student has to undertake the Summer Internship Project.

Chetana's Institute of Management and Research has a good record of placements for its PGDM courses. In 2025, the the highest and average package offered stood at INR 13.3 LPA and INR 7.04 LPA, respectively. The key highlights of Chetana's Institute of Management and Research placements for the PGDM Class of 2025 are tabulated below:

Particulars	Placement Statistics (2025)
the highest package	INR 13.3 LPA
Average package	INR 7.04 LPA
Median package	INR 7 LPA
Total recruiters	200+
Top recruiters	HUL, ITC, TCS, Voltas, Accenture

SRBS - Sheila Raheja School of Business Management & Research has been rated 4.1 on placements.

Hi.Universal AI University admissions are offered based on entrance exam scores. The college considers Class 12 with at least 65% marks for admission in UG courses. Whereas, undergraduate degree scores are considered for admission in postgraduate courses.

Universal AI University accepts CAT/CMAT/GMAT/NMAT/CET entrance exam scores to provide admission to PGDM and MBA programme.

Universal Ai University, Karjat UG admission into B.Des, BBA, BA (Hons) is done based on the UBSAT test followed by an interview process

Thanks 

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MAT is conducted multiple times in a year. MAT 2024 exam dates were announced phase wise - February, May, August and December. Candidates were allowed to register for multiple mode and multiple attempts. The MAT exam dates 2024 are given below:

MAT Test Mode	MAT Test Date	MAT Registration Ends	Availability of MAT Admit Card
CBT - 1	7-Dec-24	30-Nov-24	3-Dec-24
PBT	14-Dec-24	7-Dec-24	10-Dec-24
CBT - 2	22-Dec-24	15-Dec-24	18-Dec-24