Which is the top MBA college in Mumbai as per NIRF 2025?

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.

What is the scope of MBA?

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.

What are the affordable MBA colleges in Mumbai?

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

What is the eligibility criteria to get admission in top MBA colleges in Mumbai?

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.

How many MBA colleges are there in Mumbai?

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.

Is it worth doing an MBA from 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!!

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

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.

Which city has the largest number of MBA colleges in Mumbai?

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.)

How many MBA colleges are there in Mumbai?

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.

Which are the top MBA colleges in Maharashtra?

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.

Is it worth doing an MBA from 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!!

Does Maharashtra have any top college that offers after 12th MBA and what is the course fees?

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.

What are the top distance MBA colleges in Mumbai?

The table below shows the top distance MBA colleges in Mumbai along with their total tuition fees: College Names Total Tuition Fee Institute of Distance and Open Learning, University INR 19,000 - INR 1 lakh IIBMS INR 41,000 - INR 51,000 K. C. College of Management Studies INR 8,000 MIT School of Distance Education, Navi Mumbai INR 37,000 - INR 68,000 Mumbai College of Hotel Management and Catering Technology INR 1 lakh

Can I do MBA without giving any entrance exam?

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.

What are the top Online MBA colleges in Mumbai?

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

Is it beneficial doing an MBA from MBA colleges in Maharashtra?

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!!

Which college is best for MBA direct admission in Maharashtra?

These are some popular and well-rated MBA colleges in Maharashtra that have direct admissions. Whistling Woods International Indian Institute of Digital Education MKES Institute of Management Studies & Research Note: All info. is from official sources and can change.

Can I do MBA without giving any entrance exam?

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.

What are the top Online MBA colleges in Mumbai?

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

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

There are approx. 150+ MBA colleges in Mumbai. This has 100+ private and 9 government MBA colleges in Mumbai. Admission to the top MBA colleges in Mumbai is most f the times based on the marks of entrance exams like MAH CET, CAT, XAT, MAT, CMAT, ATMA, etc. Indian Institute of Management, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Vivekanand Business School, Amity University, Chetana's Institute of Management and Research, etc are some of the best MBA colleges in Mumbai.

There are approx. . This includes 100+ private and 9 government MBA colleges in Mumbai. Admission to the is based on the scores of entrance exams like MAH CET, CAT, XAT, MAT, CMAT, ATMA, etc.are some of the best MBA colleges in Mumbai.

Table of Contents

Best MBA Colleges in Mumbai: Details 2025
Best MBA Colleges in Mumbai with NIRF Ranking 2024
Best MB

Table of Contents

Best MBA Colleges in Mumbai: Details 2025
Best MBA Colleges in Mumbai with NIRF Ranking 2024
Best MBA Colleges in Mumbai: Admissions 2025
Best MBA Colleges in Mumbai: Exam Schedule 2025
- 4.1 What are the entrance exams accepted by Top MBA Colleges in Mumbai?
Best MBA Colleges Accepting MAH CET in Mumbai
Best Private MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Eligibility, Exams
Best Government MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Eligibility, Exams
Region-wise MBA Colleges in Mumbai
Distance MBA Colleges in Mumbai
Online MBA Colleges in Mumbai
Best MBA Colleges in Mumbai: Courses and Fees
Best MBA Colleges in Mumbai: Fees vs Salary
Highest Salary Offered by Best MBA Colleges in Mumbai
Low-cost MBA Colleges in Mumbai
Specialisations Offered by Best MBA Colleges in Mumbai
Best MBA Colleges in Mumbai: Cutoff 2025
Best MBA Colleges in Mumbai: Comparison 2025

Best MBA Colleges in Mumbai: Details 2025

A postgraduate degree curriculum called the Master of Business Administration (MBA) offers advanced management and business training. An MBA teaches students with the knowledge and skills required to be successful in leadership positions. An MBA programme provides a strong emphasis on helping students improve their analytical, critical-thinking, and decision-making abilities. Here are some key details about the top MBA colleges in Mumbai.

Parameters	Particulars/Statistics
Number of MBA Colleges	150+ colleges
Annual Fees	Less than INR 1 Lakh: 3 colleges INR 1-2 Lakh: 15 colleges INR 2-3 Lakh: 23 colleges INR 3-5 Lakh: 18 colleges More than INR 5 Lakh: 70+ colleges
Top MBA Colleges in Mumbai	Indian Institute of Management, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, Vivekanand Business School, Amity University, Chetana's Institute of Management and Research, etc.
Top Specialisations	Finance, Human Resources, Sales and Marketing, International Business, etc.
Accepted Entrance Exams	MAH CET, CAT, XAT, MAT, CMAT, ATMA, etc.

Disclaimer: This information is taken from the official website and may vary.

Predict your chances here: MBA Cutoff 2025 Predictor

Best MBA Colleges in Mumbai with NIRF Ranking 2024

Students can learn more about the NIRF ranks of the top MBA colleges in Mumbai by using the table provided below. These ranks were published by the NIRF under the 'Management' category for the years 2022, 2023, and 2024.

College Names	NIRF 2022	NIRF 2023	NIRF 2024
IIM Mumbai (formerly known as NITIE) Ranking	9	7	6
S.P. Jain Institute of Management & Research Ranking	21	20	20
SVKM`s Narsee Monjee Institute of Management Studies Ranking	25	21	21
K J Somaiya Institute of Management Studies and Research Ranking	71	45	63
Principal L N Welingkar Institute of Management Development and Research Ranking	68	73	84

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

Best MBA Colleges in Mumbai: Admissions 2025

MBA colleges in Mumbai have their own eligibility and selection criteria. However, the general requirements that are commonly expected are mentioned below:

The candidates need to have completed their graduation in any discipline, or an equivalent, from a recognised university.
The student should have completed their UG degree with at least a 45-50% aggregate score.
The students should have passed any accepted Management examination.
Most MBA colleges shortlist students based on their percentile and additional criteria like GD/PI rounds.

Disclaimer: This information is taken from the official website and may vary.

Best MBA Colleges in Mumbai: Exam Schedule 2025

Some important details about the dates, schedule, and syllabus of the entrance exams required for admission to the top MBA colleges in Mumbai are given in the table below:

Exam Name	Exam Date	Exam Schedule	Exam Syllabus
MAH CET	April 2026 (Tentative)	MAH CET Schedule	MAH CET Syllabus
CAT	30 Nov 2025 (Tentative)	CAT Schedule	CAT Syllabus
MAT	May 31/June 8	MAT Schedule	MAT Syllabus
XAT	January 2026 (Tentative)	XAT Schedule	XAT Syllabus
CMAT	January 2026 (Tentative)	CMAT Schedule	CMAT Syllabus
ATMA	June 1, 2025	ATMA Schedule	ATMA Syllabus

Disclaimer: This information is taken from the official website and may vary.

What are the entrance exams accepted by Top MBA Colleges in Mumbai?

The table below shows the various entrance exams accepted by top MBA colleges in Mumbai along with their number of colleges:

Entrance Exams	Number of Colleges
MAH CET	100+
CAT	75+
CMAT	60+
XAT	60+
MAT	60+
ATMA	50+

Also Read: What After MAH MBA CET Result 2025?

Best MBA Colleges Accepting MAH CET in Mumbai

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

MBA Colleges	Total Tuition Fee
SBM NMIMS Mumbai	INR 8 lakh - INR 24 lakh
K J Somaiya Institute of Management	INR 17 lakh
MET Institute of Management	INR 3 lakh
Chetana's Institute of Management and Research	INR 7 lakh - INR 9 lakh
Universal AI University	INR 9 lakh - INR 16 lakh

Disclaimer: This information is sourced from the official website.

Best Private MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Eligibility, Exams

The top private MBA colleges in Mumbai are listed below, with their average course fees, entrance exams, and eligibility details.

Private Colleges	Total Tuition Fee/Seat Intake	Exams/Eligibility Criteria
S.P. Jain Institute of Management and Research Mumbai Admission	INR 14.5 lakh - INR 24 lakh	CAT, GMAT
NMIMS Mumbai Admission	INR 10 lakh	NMAT, MAH CET
KJ Somaiya Institute of Management Admission	INR 13.48 lakh - INR 21.34 lakh	CAT, MAT, XAT, NMAT, CM
Prin. L. N. Welingkar Institute of Management Development and Research Mumbai Admission	INR 94,400 - INR 14 lakh	CAT, XAT, CMAT, ATMA
NMIMS School of Business Management Admission	INR 13 lakh - INR 25 lakh	NMAT, MAH CET

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

Best Government MBA Colleges in Mumbai: Fees, Admission, Seat Intake, Eligibility, Exams

The top government MBA colleges in Mumbai are listed below, with their average course fees, entrance exams, and eligibility details.

Public/Government Colleges	Total Tuition Fee/Seat Intake	Exams/Eligibility Criteria
IIM Mumbai (formerly known as NITIE) Admission	INR 14 lakh	CAT
Shailesh J. Mehta School of Management Admission	INR 3 lakh – INR 20 lakh	Exams: MAH CET, CAT
Sasmira's Institute of Management Studies and Research Admission	INR 4.36 lakh	CAT, MAT, XAT, MAH CET, etc.
BSE Institute Limited Admission	INR 2 lakh – INR 7 lakh	CAT, MAT, NMAT, etc.
Jankidevi Bajaj Institute of Management Studies Admission	INR 1.7 lakh - INR 4.72 lakh	MAH CET, CAT, MAT, NMAT, etc.

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

Region-wise MBA Colleges in Mumbai

The table below shows the region-wise distribution of MBA in Mumbai colleges along with their names and number of colleges:

Regions	Number/Names of Colleges
Pune	255+ (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.)

To learn more about MBA colleges in different regions, click on the link given below:

Distance MBA Colleges in Mumbai

The top distance MBA colleges in Mumbai are listed below, with their average course fees details.

College Names	Total Tuition Fee
Institute of Distance and Open Learning, University	INR 19,000 - INR 1 lakh
IIBMS	INR 41,000 - INR 51,000
K. C. College of Management Studies	INR 8,000
MIT School of Distance Education, Navi Mumbai	INR 37,000 - INR 68,000
Mumbai College of Hotel Management and Catering Technology	INR 1 lakh

Disclaimer: The above statistics are based on the latest data.

Online MBA Colleges in Mumbai

The top online MBA colleges in Mumbai are listed below, with their average course fees.

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

Disclaimer: The above statistics are based on the latest data.

Best MBA Colleges in Mumbai: Courses and Fees

The table below shows the various courses offered by the best MBA colleges in Mumbai along with their total tuition fees:

College Names	Courses Offered	Total Tuition Fee
SBM NMIMS Mumbai	MBA in Business Analytics, MBA in Healthcare Management, MBA in HR, etc.	INR 8 lakh - INR 24 lakh
SPJIMR Mumbai	PGDM in Business Management	INR 15 lakh - INR 24 lakh
K J Somaiya Institute of Management	MBA in Healthcare Management, MBA in Sports Management, etc.	INR 17 lakh
MET Institute of Management	MMS	INR 3 lakh

Disclaimer: The above statistics are based on the latest data.

Best MBA Colleges in Mumbai: Fees vs Salary

Return on Investment (ROI) measures the advantage or profit you will receive from a certain course. Return on Investment (ROI) measures the profit or advantage you will receive if you enroll in a degree at a specific university. It evaluates the candidate's return on investment for the fees paid while they were studying and the return they received in the form of placements.

The table below shows the MBA fees in Mumbai and annual average package:

College Names	Total Tuition Fee	Annual Average Package
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 22.8 LPA – INR 31 LPA
Shailesh J. Mehta School of Management IIT Bombay MBA	INR 2.69 lakh - INR 20 lakh	INR 26.64 LPA
BIT School of Management MBA	INR 24.5 lakh	INR 23 LPA
S P Jain School of Global Management MBA	INR 19 lakh - INR 39 lakh	INR 19.52 LPA - INR 20 LPA
Pravin Dalal School of Entrepreneurship and Family Business Management NMIMS Mumbai	INR 16.5 lakh - INR 44 lakh	INR 8 LPA - INR 20 LPA

Disclaimer: The above statistics are based on the latest data.

Highest Salary Offered by Best MBA Colleges in Mumbai

Refer to the table below for a detailed overview of the top MBA colleges in Mumbai 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.

Low-cost MBA Colleges in Mumbai

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 lakh and between INR 1-2 lakh.

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

Disclaimer: This information is sourced from the official website.

Specialisations Offered by Best MBA Colleges in Mumbai

The table below shows the top specializations offered by various MBA colleges in Mumbai along with their number of colleges:

Top Specialisations	Number of Colleges
Finance	60+ (SPJIMR Mumbai, KJ SOmaiya Institute of Management, SBM NMIMS Mumbai, etc.)
Sales & Marketing	50+ (Universal AI University, N.L. Dalmia Institute of Management Studies and Research, Vivekanand Business School (VBS), etc.)
Human Resources	40+ (K J Somaiya Institute of Management, Prin. L. N. Welingkar Institute of Management Development & Research, SBM NMIMS Mumbai, etc.)
Operations	30+ (IIM Mumbai, SPJIMR Mumbai, SBM NMIMS Mumbai, etc.)
IT & Systems	30+ (SPJIMR Mumbai, MET Institute of Management, Chetana's Institute of Management and Research, etc.)
Media Management	4 (Whistling Woods International, K. C. College of Management Studies, Thadomal Shahani Centre for Management, etc.)

Best MBA Colleges in Mumbai: Cutoff 2025

To know the cutoff for the top MBA colleges in Mumbai, click on the below link:

Best MBA Colleges in Mumbai: Comparison 2025

Listed below are the comparison of top MBA colleges in Mumbai:

Muskan Chugh06-19-2025 11:35

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