Best MBA Colleges in Mumbai (All)
There are 190 MBA colleges in Mumbai that offer MBA courses. Among them, 137 MBA colleges are privately owned and 11 MBA colleges are owned by the public/government organisations. CAT, XAT, and CMAT are the most accepting entrance exams in best MBA colleges in Mumbai. National Institute of Industrial Engineering, IIT Bombay, and SPJIMR are the most famous MBA institutes in Mumbai.
The revised position for some of the top MBA college in Mumbai is mentioned below:
- National Institute of Industrial Engineering improved its ranking as it shifted to rank 7 in 2023 when as compared to rank 9 in 2022.
- S. P. Jain Institute of Management & Research improved its ranking as it shifted to rank 20 in 2023 when as compared to rank 21 in 2022.
Latest Updates:
- CAT exam 2023 is scheduled for Nov 26, 2023. Registered candidates can download the admit card from the IIMCAT website.
- KMAT 2023
There are 190 MBA colleges in Mumbai that offer MBA courses. Among them, 137 MBA colleges are privately owned and 11 MBA colleges are owned by the public/government organisations. CAT, XAT, and CMAT are the most accepting entrance exams in best MBA colleges in Mumbai. National Institute of Industrial Engineering, IIT Bombay, and SPJIMR are the most famous MBA institutes in Mumbai.
The revised position for some of the top MBA college in Mumbai is mentioned below:
- National Institute of Industrial Engineering improved its ranking as it shifted to rank 7 in 2023 when as compared to rank 9 in 2022.
- S. P. Jain Institute of Management & Research improved its ranking as it shifted to rank 20 in 2023 when as compared to rank 21 in 2022.
Latest Updates:
- CAT exam 2023 is scheduled for Nov 26, 2023. Registered candidates can download the admit card from the IIMCAT website.
- KMAT 2023 result is likely to be announced in the month of December 2023. Candidates who appeared for the KMAT Karnataka exam 2023 can check their results online.
Table of Contents
- Best MBA Colleges in Mumbai (All): Highlights 2023
- How can I get admission to top MBA colleges in Mumbai?
- What are the entrance exams for MBA colleges in Mumbai (All)?
- Which is the best college for MBA in Mumbai (All)?
- What are the top Private MBA colleges in Mumbai?
- What are the top Govt. MBA colleges in Mumbai?
- What is the Average Fee of Best MBA Colleges in Mumbai (All)?
- Which top MBA colleges in Mumbai has best placements?
- How much is the fee charged by the Best MBA Colleges in Mumbai?
- Which is the best course for the MBA colleges in Mumbai?
- Best MBA Colleges in Mumbai (All): Comparison
- Best MBA Colleges in Mumbai (All) FAQs
Best MBA Colleges in Mumbai (All): Highlights 2023
MBA is one of the most popular post-graduate programs in Hyderabad. The two-year program is a gateway to a plethora of job opportunities in the corporate world. Students from any background, including Science, Commerce, and Humanities can pursue MBA. Such students should also possess important skills such as excellent communication, leadership, problem-solving, management, research-oriented, strong mathematical skills, etc.
Check out the key highlights of the MBA colleges Mumbai colleges below:
Particulars |
Parameters |
---|---|
No. of Colleges |
190 |
Annual Fees |
INR < 1 lakh: 3 colleges INR 1-2 lakh: 15 colleges INR 2-3 lakh: 25 colleges INR 3-5 lakh: 30 colleges INR > 5 lakh: 82 colleges |
Top Specialisations |
Finance, Sales & Marketing, HR, BA, etc. |
Accepted Entrance Exams |
Predict your chances here:Â MBA 2023 Cutoff Predictor
How can I get admission to top MBA colleges in Mumbai?
The eligibility criteria for the MBA courses may differ from college to college. However, the basic eligibility criteria for top MBA college in Mumbai are as follows:
- Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
- Most of the institutes follow the minimum score criteria for graduation which is 50 percent on average or equivalent. For reserved category students, the minimum score is 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.
What are the entrance exams for MBA colleges in Mumbai (All)?
The two most popular entrance exams accepted in MBA College in Mumbai are:
- XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the tougher MBA entrance exams among its peers, XAT requires dedicated time and effort.
- CAT: Common Admission Test (CAT) is a national level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning and Quantitative Aptitude. The preparation for CAT exam should include phase wise completion of the CAT syllabus, mock test practice and revision.
- MAT: Management Aptitude Test or MAT is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September and December. MAT exam is conducted in offline (Paper Based Test or PBT), online (Computer Based Test or CBT) and remote proctored (Internet Based Test or IBT) modes.
Listed below are the following admission dates for Mumbai MBA colleges:
Exam Name |
Dates |
Schedule |
---|---|---|
CAT Exam 2023 |
Nov ‘23 |
|
XAT Exam 2024 |
7 Jan ‘24 |
READ MORE:
- Top MBA Colleges Accepting CAT
- Top MBA Colleges Accepting TANCET MBA
- Top MBA Colleges Accepting XAT
- Top MBA Colleges Accepting MAT
What are the entrance exams accepted by MBA Colleges in Mumbai?
The most popular entrance examinations for studying MBA courses in Mumbai are CAT and MAT. There are some other exams as well that are accepted by the MBA colleges in Mumbai, such as XAT, CMAT, ATMA, MAH CET, NMAT, MHT CET, etc. for admission into their colleges.
Refer to the table for a detailed view of exams accepted by Mumbai MBA colleges:
Exams | Number of Colleges | Cutoff 2023 Predictor |
---|---|---|
CAT | 91 | CAT 2023 Predictor |
XAT | 76 | XAT 2023 Predictor |
CMAT | 76 | CMAT 2023 Predictor |
MAT | 74 | MAT 2023 Predictor |
ATMA | 69 | ATMA 2023 Predictor |
Preparing for CAT 2023?
-
- Click to practice Q&A for Verbal Ability and Q&A for Quantitative Aptitude.
- Click to practice Q&A for Data Interpretation and Logical Reasoning
Read More:
Download CAT Previous Years Question Papers | Free Online CAT Mock Test Series |
Free Online CMAT Mock Test Series | Free Online MAT Mock Test Series |
Which is the best college for MBA in Mumbai (All)?
National Institutional Ranking Framework (NIRF) ranks colleges every year. The ranking is based on parameters and ranking changes year to year depending on the college/ university’s performance on parameters like infrastructure, placements, faculty, etc.
The table below shows the Mumbai MBA colleges along with NIRF ranking from past years from 2021 to 2023:
College Name |
NIRF 2021 |
NIRF 2022 |
NIRF 2023 |
---|---|---|---|
12 |
9 |
7 |
|
10 |
11 |
10 |
|
19 |
21 |
20 |
|
22 |
25 |
21 |
|
56 |
71 |
45 |
READ MORE:Â MBA Courses
What are the top Private MBA colleges in Mumbai?
Among the top 10 MBA colleges in Mumbai with fees structure. Here is a list of private Mumbai MBA colleges along with their total tuition fee/seat intake and entrance exams/eligibility criteria:
College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
---|---|---|
INR 20 lakh - INR 22 lakh Seats: 720 |
Entrance Exam: CAT Graduation with 50% aggregate |
|
INR 13 lakh- INR 24 lakh Seats: 1,260 |
Entrance Exam: NMAT Graduation with 50% aggregate |
|
INR 94,000 - INR 13 lakh Seats: 15,650 |
Entrance Exam: CAT, XAT, CMAT, ATMA Graduation with 50% aggregate |
|
INR 12 lakh - INR 17 lakh Seats: 960 |
Entrance Exam: CAT, XAT, NMAT, CMAT Graduation with 50% aggregate |
What are the top Govt. MBA colleges in Mumbai?
Among the top 10 MBA colleges in Mumbai with fees structure. Here is a list of public/government MBA fees in Mumbai seat intake and entrance exams/eligibility criteria:
Public Colleges |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
---|---|---|
INR 8 lakh - INR 20 lakh Seats: 172 |
Entrance Exam: CAT Graduation with 60% aggregate |
|
INR 8.5 lakh Seats: 338 |
Entrance Exam: CAT, GATE Graduation with 50% aggregate |
|
INR 4 lakh Seats: 120 |
Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate |
|
INR 2 lakh Seats: 8,578 |
Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate |
READ MORE:Â MBA Admission 2024
Check out the video below for detailed information about the top MBA colleges in Mumbai:
What is the Average Fee of Best MBA Colleges in Mumbai (All)?
Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.
Mumbai is the best destination for the placement package students get after completion of the course. Mumbai has many colleges which gave the best placements. Refer to the table below to know the best MBA fees in Mumbai and average placement package:
College Name |
Total Tuition Fee |
Average Median Package |
---|---|---|
INR 8 lakh - INR 20 lakh |
INR 26.64 LPA |
|
INR 9 lakh |
INR 21 lakh - INR 31 LPA |
|
INR 20 lakh - INR 22 lakh |
INR 21 LPA - INR 31 LPA |
|
INR 13 lakh - INR 24 lakh |
INR 19 LPA |
|
INR 94,000 - INR 13 lakh |
INR 11 LPA |
Note: Above statistics are based on the latest data.
READ MORE:
Best MBA Colleges in Pune | |
Which top MBA colleges in Mumbai has best placements?
Below is the list of MBA Colleges in Mumbai along with their average package and list of prominent recruiters:
College Name |
Average Package |
Top Recruiters |
---|---|---|
INR 21 lakh - INR 31 LPA |
Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, General Electric |
|
INR 26.64 LPA |
Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, Cognizant |
|
INR 21 LPA - INR 31 LPA |
TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G. |
|
INR 19 LPA |
Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC. |
|
INR 11 LPA | Reliance brands, KPMG, Wipro, Morgan Stanley, Motilal Oswal |
How much is the fee charged by the Best MBA Colleges in Mumbai?
Pursuing MBA courses in colleges in Mumbai is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below is the number of MBA Colleges in Mumbai along with their total tuition fee structure:
Fee Range |
Number of Colleges |
---|---|
< INR 1 lakh |
Welingkar Institute of Management, Imarticus Learning, Indian Institute of Materials Management, etc. |
INR 1-2 lakh |
NAEMD, Whistling Woods International, Jankidevi Bajaj Institute of Management Studies, etc. |
INR 2-3 lakh |
AIMSR, University of Mumbai, SRBS, etc. |
INR 3-5 lakh |
Bharati Vidyapeeth's Institute of Management Studies and Research, St. Francis Institute of Management and Research, etc. |
INR > 5 lakh |
NMIMS School of Business Management, NITIE Mumbai, SPJIMR, etc. |
READ MORE:Â MBA Preparation Tips
Which is the best course for the MBA colleges in Mumbai?
BA colleges in Mumbai offer diversified specialisations in Sales and Marketing, Finance, Human Resources, IT and Systems, Operations, Retail, Healthcare and Hospital, International Business, Business Analytics, Supply Chain, Transport & Logistics, IB, Travel & Tourism, Agriculture & Food Business, Pharma, Project Management, Public Policy, Rural Management, Data Science, etc.
Refer to the table for a detailed view of specialisation offered by MBA Colleges in Mumbai:
Specialisations | Number of Colleges |
---|---|
Finance | 79 |
Sales & Marketing | 79 |
Human Resources | 65 |
Operations | 48 |
IT & Systems | 41 |
Best MBA Colleges in Mumbai (All): Comparison
To check the comparison between the MBA colleges in Mumbai, click the link below:
NMIMS Comparison | SIMSREE Comparison |
IIM Mumbai Comparison | SPJIMR Comparison |
Best MBA Colleges in Mumbai (All)
Commonly asked questions On Best MBA Colleges in Mumbai (All)
Q: Â How many MBA colleges are there in Mumbai (All)?
In Mumbai, there are 190 MBA institutes that provide MBA programmes. There are 137 MBA institutions that are privately held among them, and 11 MBA colleges that are owned by public or government entities. The leading MBA colleges in Mumbai accept candidates from CAT, XAT, and CMAT as their entrance exams. The three most well-known MBA programmes in Mumbai are SPJIMR, IIT Bombay, and National Institute of Industrial Engineering.
Q: Â What are the top MBA colleges in Mumbai with low fees?
There are 3 colleges with annual fees INR <1 lakh. Moving up the fee range, there are 15 colleges with fees ranging from INR 1-2 lakh. In the INR 2-3 Lacs bracket, there are 25 MBA colleges. For those willing to invest between INR 3-5 Lacs annually, there are 30 colleges to choose from. If you have a more substantial budget of over INR 5 lakh, you'll find a wider selection, with 82 colleges offering their programmes at this price point.
Refer to the table below for a detailed overview of the top MBA colleges in Mumbai having less fees of INR <1 lakh:
Q: Â Which are the top five colleges in Mumbai to pursue MBA?
Every year, colleges are ranked by the National Institutional Ranking Framework (NIRF). The rating is determined by a number of factors, and it varies from year to year based on how well a college or university performs in areas like faculty, placements, and infrastructure.
The table below includes the NIRF rankings for the Mumbai MBA colleges for the years 2021 to 2023.
College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
---|---|---|---|
12 | 9 | 7 | |
10 | 11 | 10 | |
19 | 21 | 20 | |
22 | 25 | 21 | |
56 | 71 | 45 |
Q: Â When should I start preparing for MBA entrance exam?
In the final year of graduation, preparation for an MBA begins. The majority of management aspirants begin their preparation as soon as they begin their third year of their bachelor's degree programme because it takes months to properly prepare for MBA entrance exams. However, there are a lot of challenges in preparing for an MBA entrance exam, including the lengthy syllabus, the difficulty of the questions, and the degree of competition.
Here are some suggestions to help you study for your MBA entrance exams:
- Study the fundamental grammatical and writing principles for the verbal segment to become familiar with the language's structure.
- To hone their quantitative abilities, students should complete a lot of practice exams and sample papers.
Create a schedule and follow it - Students should not overstress themselves and should get enough rest.
Commonly asked questions On Best MBA Colleges in Mumbai (All)
Q: Â What is the tuition fees of top MBA colleges in Mumbai (All)?
SPJIMR and NMIMS have the highest total tuition fees within the range of INR 20 lakh to INR 22 lakh and INR 13 lakh to INR 24 lakh, while Welingkar Mumbai charges the lowest tuition fees within the range of INR 94,000 to INR 13 lakh.
For information on the typical total tuition fee, see the table below:
College Name | Total Tuition Fee |
---|---|
IIT Bombay | INR 8 Lacs - INR 20 lakh |
IIM Mumbai (formerly known as NITIE) | INR 9 lakh |
SPJIMR | INR 20 Lacs - INR 22 lakh |
NMIMS | INR 13 Lacs - INR 24 lakh |
Welingkar Institute of Management | INR 94,000 - INR 13 lakh |
READ MORE: MBA Admissions 2024
Q: Â What is the placement package offered to MBA graduates from top MBA colleges in Mumbai (All)?
IIM Mumbai offered the highest average annual placement package, ranging from INR 21 LPA to INR 31 LPA, while the Welingkar Institute of Management, Mumbai offered the lowest average placement package of INR 11 LPA.
Below is the list of MBA Colleges in Mumbai along with their average package and list of prominent recruiters:
College Name | Average Package | Top Recruiters |
---|---|---|
INR 21 Lacs - INR 31 LPA | Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, General Electric | |
INR 26.64 LPA | Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, Cognizant | |
INR 21 LPA - INR 31 LPA | TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G. | |
INR 19 LPA | Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC. | |
INR 11 LPA | Reliance brands, KPMG, Wipro, Morgan Stanley, Motilal Oswal |
Q: Â How to prepare for CAT exam?
A well-balanced approach is essential for success in the CAT exam, aspirants must be aware. Six to eight hours of daily study time must be included in the CAT 2023 preparation schedule. Working professionals must set aside at least four hours each day and eight hours on weekends for preparation. You must concentrate on the most crucial subjects that will help you earn good marks during the last stage of exam preparation. See the generic CAT exam preparation technique listed below, which any applicant can use to create a comprehensive study schedule.
Step 1: Carefully review the CAT 2023 syllabus and comprehend the CAT exam pattern 2023.
Step 2: Obtain CAT books and other suggested literature.
Step 3: Join online MBA study groups on sites like Facebook, WhatsApp, Quora, YouTube, and Telegram.
Step 4: Create a monthly schedule, a weekly schedule, and a daily schedule.
Step 5: For the best outcomes, follow the timetable and preparation plan for the CAT.
To Read More: How to prepare for CAT entrance exam?
Commonly asked questions On Best MBA Colleges in Mumbai (All)
Q: Â Is the CAT syllabus difficult?
Yes, the difficulty level of CAT syllabus is very high as compared to other MBA entrance exams. However, if you prepare well and follow the CAT exam pattern well, you will be able to score well. Besides having an understanding of the CAT syllabus 2023, candidates also need to be well aware of the CAT exam pattern before they start preparing for the exam. The CAT exam pattern was revised in 2021 and the number of questions were reduced from 76 to 66. The structure of CAT 2022 exam was the same. The syllabus is still tougher than other exams.
The most important things to keep in mind are:
- CAT exam mode is online
- Each question carries three marks
- There is negative marking of minus one mark for wrong attempts
The section-wise distribution of questions and difficulty levels as per the latest CAT exam pattern are listed below:
- Quantitative Ability (QA) - 24 questions, difficulty level - moderate to high
- Data Interpretation and Logical Reasoning (DILR) - 20 questions, difficulty level - moderate
- Verbal Ability and Reading Comprehension (VARC) - 22 questions, difficulty level - moderate. to high
Q: Â What job profiles are available to students after completing an MBA degree?
The top MBA specialisations that typically result in the highest salaries after graduation are finance, marketing, general management, business analytics, and entrepreneurship. 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 | 9.6 LPA |
Marketing Manager | 10 LPA |
Sales Manager | 10 LPA |
Human Resources Manager | 4 LPA |
Operations Manager | 7 LPA |
Product Manager | 15 LPA |
Data Analytics Manager | 14 LPA |
Digital Marketing Manager | 4.5 LPA |
NGO Manager | 5 LPA |
Also Read: List of MBA Specialisations: Which one to Choose?
Q: Â 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 2023, 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.
READ MORE: Best MBA Colleges without CAT Exam
If you did not appear for the CAT exam and still wish to get admission to the best MBA colleges in India without CAT, then, here is a list of top MBA institutes that give admissions based on different entrance criteria or exams.
MBA Colleges/ Institutes | MBA Exam Score Accepted |
---|---|
SNAP | |
XAT | |
XAT, X-GMT | |
GMAT | |
XAT/GMAT/MAT/CAT/NMAT |
Indian Institute of Digital Education
K J Somaiya Institute of Management
DY Patil University School of Management
Kohinoor Management School
Best MBA Colleges in Mumbai (All) FAQs
Q: What are the top MBA colleges in Mumbai with low fees?
A: There are a total of 3 top MBA colleges in Mumbai with low fees of less than INR 1 lakh. Listed below is the colleges along with their total tuition fee:
College Name | Total Tuition Fee |
---|---|
Welingkar Mumbai | INR 94,000 |
Imarticus Learning | INR 90,000 |
Indian Institute of Materials Management | INR 81,000Â |
Q: Which is the top 5 MBA college in Mumbai?
A: Listed below are the top 5 MBA colleges in Mumbai along with their NIRF rankings of 2023:
College Name |
NIRF 2023 |
---|---|
IIM Mumbai (formerly known as NITIE) |
7 |
IIT Bombay |
10 |
SPJIMR |
20 |
NMIMS |
21 |
KJ Somaiya Institute of Management |
45 |
Q: Which is the best college to do MBA in Mumbai?
A: Listed below are the top MBA colleges in Mumbai along with their total tuition fee:
College Name |
Total Tuition Fee |
---|---|
IIT Bombay |
INR 8 lakh - INR 20 lakh |
IIM Mumbai (formerly known as NITIE) |
INR 8.5 lakh |
SPJIMR |
INR 20 lakh - INR 22 lakh |
NMIMS |
INR 13 lakh - INR 24 lakh |
Welingkar Institute of Management |
INR 94,000 - INR 13 lakh |
Q: How many top MBA colleges are there in a Mumbai?
A: There are 187 MBA colleges in Mumbai that offer MBA courses. Among them, 134 MBA colleges are privately owned and 11 MBA colleges are owned by the public/government organisations. Master in Business Administration or MBA is a PG course offered in Management stream. MBA in Pune can be pursued by students who fulfil the eligibility as well as the selection criteria. Generally, students need to appear for an entrance exam, followed by GDPI round to qualify for admission. Some of the popular specialisations in which students can pursue MBA in Pune include Sales & Marketing, Finance, HR, Operations and Agriculture and Food Business, among others.
- Colleges in Mumbai (All)
- Colleges in India
- Top MBA Colleges in Mumbai (All) 2023
- Top Private MBA Colleges in India 2023
- Top IIMs in India 2023
- Top MBA Colleges in India 2023
- MBA Colleges accepting CAT in India
- MBA Colleges accepting MAT in India
- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India