MBA Colleges in Mumbai (All)

Mumbai, the financial and business capital of India, is also among the top MBA destinations in the country. Indeed, Mumbai is one of India’s leading MBA destination. Best MBA colleges in Mumbai offer quality MBA education with high placements. It is also a hub of education in management, technology and allied sectors. Master of Business Administration or MBA is one of the most popular post-graduate programmes in Mumbai. The two-year programme is a gateway to a plethora of job opportunities in the corporate world.

Based on reputed rankings, among top 10 MBA colleges in Mumbai some of them are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai and NITIE Mumbai. If we expand this list, then SJMSOM-IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, Kohinoor Business School are also highly ranked MBA colleges in Mumbai. All these management institutes make Mumbai a preferred MBA destination. An MBA professional must possess qualities like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc.

MBA Colleges in Mumbai Highlights

Parameters	Particulars/Statistics
Number of MBA Colleges in Mumbai	180 Colleges
Fees	Annual fee: More than Rs. 5 lakh- 48% Rs. 3-5 lakh- 24% Rs. 2-3 lakh- 11% Rs. 1-2 lakh- 11% Less than Rs. 1 lakh- 6%
Top Specialisations	Finance Sales and Marketing Human Resources IT and Systems Operations International Business Supply Chain Business Analytics Entrepreneurship Healthcare and Hospital
Admission Process	CAT, MAT, XAT, CMAT, ATMA, MAH CET and more.
Number of IITs	One

MBA Colleges in Mumbai Eligibility Criteria

The eligibility criteria for MBA course may differ from college to college. However, the basic eligibility criteria for top MBA colleges in Mumbai is as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).
• Most of the institutes follow the minimum score criteria in graduation which is 50 percent in average or equivalent. For reserved category students, the minimum score in 45 percent in aggregate.
• Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

MBA Colleges in Mumbai with NIRF Ranking and Shiksha Rating Aggregate

NIRF ranking and Shiksha rating is given to the MBA colleges in Mumbai on the basis of teaching, learning & resources, research and professional practice, graduation outcomes and peer perception. Candidates can check the list of top MBA colleges in Mumbai and their NIRF 2020 and Shiksha rating(aggregate) 

According to NIRF Ranking, these are the top 5 MBA colleges in Mumbai:

College Name	NIRF’20 Ranking
SJMSOM IIT Bombay - Shailesh J. Mehta School of Management, Mumbai	11
NITIE Mumbai - National Institute of Industrial Engineering	12
S. P. Jain Institute of Management and Research, Mumbai	18
K. J. Somaiya Institute of Management Studies & Research	56
VESIM - Vivekanand Education Society Institute of Management Studies and Research	76-100

College Name	Shiksha Rating
SJMSOM IIT Bombay - Shailesh J. Mehta School of Management, Mumbai	4.7
NITIE Mumbai - National Institute of Industrial Engineering	4.6
S. P. Jain Institute of Management and Research, Mumbai	4.2
K. J. Somaiya Institute of Management Studies & Research	4.2
VESIM - Vivekanand Education Society Institute of Management Studies and Research	3.6

List of Top Private and Government MBA Colleges in Mumbai

There are approximately 151 MBA colleges in Mumbai which offer MBA courses, out of these 111 are private, 10 are Government MBA colleges in Mumbai and rest are public-private colleges. Here is the list of some of the top private and public MBA colleges in Mumbai:

List of top private MBA colleges in Mumbai

Private Colleges	Course Fee (in Rs)
Dr DY Patil University's School of Management (DYPUSM), Navi Mumbai	8.4 L
Kohinoor Business School (KBS), Mumbai	5.5 L
Sir M. Visvesvaraya Institute of Management Studies and Research (SVIMS), Mumbai	4.6 L
ASM's Institute of Management & Computer Studies (IMCOST), Thane	2.31 L - 6.5 L
GNVS Institute of Management (GNVSIOM), Mumbai	3.5 L

List of top public MBA colleges in Mumbai

Public Colleges	Course Fee (in Rs)
Tata Institute of Social Sciences (TISS), Mumbai	40.6 K - 1.05 L
Bombay Stock Exchange (BSE) Institute, Mumbai	5.6 L - 30.76 L
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai	8.32 L
National Institute of Industrial Engineering (NITIE), Mumbai	6.63 L - 14.63 L
Sasmira's Institute of Management Studies and Research	3.8 L

Top MBA colleges in Mumbai accept score obtained by students in numerous national or state-level examinations including CAT, MAT, XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, etc.

ROI of Top MBA Colleges in Mumbai

Return on Investment of top B Schools in Mumbai is calculated by dividing the return or benefit by the cost of investment as fees. In other words, ROI refers to what placement a candidate gets vs what they paid for the college. Candidates can check the list of MBA colleges in Mumbai and their course fee and average salary. 

College Name	Course Fee in Rs	Average salary (in Rs LPA)
TISS, Mumbai	30.33 LPA	20.06 LPA
NMIMS, Mumbai	30.37 LPA	17.97
SJMSOM, IIT Bombay, Mumbai	32.4 LPA	20.8
SIMSR Mumbai	28.5 LPA	13.25
SIMSREE, Mumbai	17 LPA	10.97

Top Recruiters for MBA graduates

MBA graduates from any domain are in high demand. Below is the list of few top companies in Mumbai that recruit MBA graduates alongwith their placement ratings:

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
Northpoint Centre of Learning, Mumbai	4.9	Dentsu Aegis, Future Group, Google, JWT, Kotak Securities, LeoBurnett, Lowe Lintas, Ogilvy, PepsiCo, Publicis, Webchutney, etc.
National Institute of Industrial Engineering (NITIE), Mumbai	4.6	Dabur, HCCB, Maruti Suzuki, ICICI Bank, Marico, Nestle, Capgemeini, Delloite, Accenture, TATA Motors, Castrol, TVS, Asian Paints, ITC, Cognizant Business Consulting, KPMG, Aditya Birla Capital, Genpact, General Electric, Google, IBM, etc.
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay	4.6	Axis Bank, DE Shaw & Co, JPMorgan Chase, Bank of America, Accenture, Deloitte, Flipkart, Google, Infosys, Tech Mahindra, HP, Goldman Sachs, Britannia, Johnson & Johnson, Capgemini, Nestle, RBL Bank, Proctor & Gamble, Wipro, etc.
ASM's Institute of Management & Computer Studies (IMCOST), Thane	4.4	Accenture, Capgemini, CyberTech Systems and Software, Global Logic, Godrej, HDFC Bank, Hindustan Petroleum, Hindustan Times, HP, IBM, ICICI Prudential, Jaro Education, L&T Infotech, Mainstay, Reliance Communication, Saint Gobain, Tech Mahindra, Wipro, Yes Bank, HCL, Tech Mahindra, Siemens, Cognizant, Giant Krafters, Hexaware Technologies, etc.
Sydenham Institute of Management Studies Research and Entrepreneurship Education, Mumbai	4.0	Aditya Birla Group, Axis Bank, Barclays Investment Bank, Citi Group, Deloitte USI, Duff & Phelps, Ernst & Young, HDFC Ltd, ICICI Group, Infosys, JP Morgan Chase & Co, Nielsen, Saint Gobain, etc.

How affordable is studying MBA in Mumbai?

Based on the below pie chart, it can be estimated that pursuing MBA in Mumbai is a very expensive as approximately 48% of the colleges have course/annual fees more than Rs 5 lakh. Some of these colleges are:

• Shailesh J. Mehta School of Management, IIT Bombay
• Indian Institute of Management, Indore - Mumbai Campus
• ITM Business School
• School of Management, D.Y. Patil University
• Kohinoor Business School
• ASM's Institute of Management & Computer Studies
• Vivekanand Education Society Institute of Management Studies and Research
• CII School of Logistics, Amity University- Mumbai

The fees of around 24% colleges ranges between Rs 3-5 lakh. Some of these colleges are:

• Jankidevi Bajaj Institute of Management Studies
• Sasmira's Institute of Management Studies and Research
• GNVS Institute of Management
• Sir M. Visvesvaraya Institute of Management Studies and Research
• Garware Institute of Career Education and Development, University of Mumbai
• Regenesys Institute of Management
• Chetana's Ramprasad Khandelwal Institute of Management and Research

Approximately 11% MBA colleges have a moderately expensive fee structure that ranges between Rs 2-3 lakh. Some of these colleges are:

• Sinhgad Institute of Business Management
• ASM's Institute of Management & Computer Studies
• MGM Institute of Health Sciences
• Harkisan Mehta Institute of Media, Research and Analysis
• Rustomjee Business School
• K. Institute of Management Studies and Research
• Sheila Raheja School of Business Management & Research

The fees of around 11% colleges is between Rs 1-2 lakh. Some of these colleges are:

• Sydenham Institute of Management Studies Research and Entrepreneurship Education
• Tata Institute of Social Sciences
• Jankidevi Bajaj Institute of Management Studies
• National Institute of Event Management
• Mahavir Education Trust's Shah and Anchor Kutchhi Engineering College
• C. Patil College of Engineering

Only around 6% MBA colleges in Mumbai are economical with a fee structure of less than Rs 1 lakh. These colleges are:

• Tata Institute of Social Sciences
• L. N. Welingkar Institute of Management Development and Research - Online Distance Learning Center
• National Institute of Event Management
• NIBMS
• FINPLAN - International Institute of Management
• Institute of Business Management Studies

Refer to the infographic below to get a detailed overview of the break-up of MBA Course in Mumbai basis Fees:

MBA Specialisations offered in Mumbai

MBA colleges in Mumbai offer diversified specialisations in Finance, Sales and Marketing, Human Resources, IT and Systems, Operations, International Business, Supply Chain, Business Analytics, Entrepreneurship, Healthcare and Hospital, etc. The most popular ones are Finance and Sales and Marketing followed by Human Resources. Refer to the infographic below to get a detailed overview of the top 10 MBA specialisations in Mumbai:

Which are the most popular MBA Exams in Mumbai?

The most popular entrance examinations for studying MBA course in Mumbai areCAT and MAT. While scoring good marks in CAT will help you land in colleges like Shailesh J. Mehta School of Management (SJMSOM) IIT Bombay and Sydenham Institute of Management Studies Research and Entrepreneurship Education (SIMSREE), MAT is your ticket to colleges like ASM's Institute of Management & Computer Studies (IMCOST) and GNVS Institute of Management.

Rest of the colleges accept XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, TISSNET, WLCI Aptitude Test, etc. for admission into their colleges.

Refer to the infographic below to get a detailed overview: