Best MBA Colleges in Mumbai (All): Fees, Admission 2026, Courses, Salary, Ranking

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.

There are about 190+ best MBA colleges in Mumbai. Of these, 137 colleges are privately owned and the public/government organisations own 11 colleges. CAT, XAT, and CMAT are the most accepting entrance exams in top MBA colleges in Mumbai. National Institute of Industrial Engineering, IIDE Mumbai, IIT Bombay, ITM Business School Navi Mumbai, SPJIMR, NMIMS Mumbai, K J Somaiya Institute of Management,  are some of the popular MBA institutes in Mumbai (All).

The table below shows the top MBA colleges in Mumbai (All) that accept MAH CET score along with their total tuition fees:

College Names	Total Tuition Fees
SBM NMIMS Mumbai	INR 8 Lacs - INR 24 LPA
K J Somaiya Institute of Management	INR 17 lakh
ITM Business School Navi Mumbai	INR 12 lakh
MET Institute of Management	INR 3 lakh
Amity Global Business School	INR 7 lakh

Disclaimer: This information is sourced from the official website.

SPJIMR shortlists candidates for its flagship programme i.e. PGDM based on their profiles. The profiles are evaluated, and the applicants are sorted into two groups: Profile-based and Profile-cum-Score-based. In the first phase, candidates shortlisted based on their profile are called for a Personal Interview (PI). However, the second phase is held after the availability of entrance test scores. That means, the institute accepts entrance exam scores as well for admission. The accepted entrance exam for PGDM is CAT/ GMAT. For admission to FPM, aspirants need to appear for Research Aptitude Test followed by a personal interview round. The institute shortlists candidates for admission to GMP based on scores of the candidates in CAT, GMAT, GRE, etc. 

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.

Private MBA colleges like SPJIMR offered the highest placement package ranging between INR 23 LPA - INR 31 LPA, and the prominent recruiters include TCS, Deloitte, Accenture, Mahindra, HUL, P&G, etc. Below is the list of MBA Colleges in Mumbai along with their average package and list of prominent recruiters:

College Names	Average Package	Top Recruiters
DY Patil University School of Management Placements	INR 5 LPA	Sony, Capgemini, Jio, Adani Group, ICICI Bank, Pfizer, ONGC, etc.
SIES College of Management Studies Placements	INR 8 LPA	Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, etc.
SPJIMR Placements	INR 23 LPA - INR 31 LPA	TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, etc.
SBM NMIMS Placements	INR 21 LPA	Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC, etc.

Hope this information proves beneficial for you!!

A few private management institutes in Mumbai and its surrounding regions do offer low-cost MBA programmes for less than INR 1 Lakh and between INR 1 and 2 Lakh. You can check these.  

Low-cost MBA Colleges	Total Tuition Fee
Welingkar Mumbai Fees	INR 94,000
Indian Institute of Materials Management Fees	INR 81,000
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

Also Read: MBA Preparation Tips

Hi, to assess the worth of joining an MBA college in Mumbai, you should go through its Return on Investment (ROI). The table below shows some of the top MBA colleges in Mumbai along with their total tuition fees and average placement package:

College Names	Total Tuition Fee	Average Median Package
DY Patil University School of Management MBA	INR 10 lakh	INR 5 LPA
SIES College of Management Studies MBA	INR 5 lakh - INR 7 lakh	INR 8 LPA
SPJIMR MBA	INR 15 lakh - INR 24 lakh	INR 23 LPA - INR 31 LPA
SBM NMIMS MBA	INR 13 lakh - INR 25 lakh	INR 21 LPA

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

Hope this information proves beneficial for you!

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.

MBA is a two-year course consisting of four semesters. NMIMS Mumbai offers various Management courses including:

• MBA
• MBA in Human Resources
• MBA in Law
• MBA in Pharmaceutical
• MBA in Health Care Management 
• MBA in Real Estate Management

The total tuition fee for NMIMS Mumbai MBA varies between INR 6 Lacs and INR 24 lakh. However the fee range could have changed, students can visit the college's official website for exact information related to fees for MBA.

Students can check the table below for some popular courses under MBA:

Course Name	Total Tuition Fee
Business Analytics	INR 24 lakh
Human Resources	INR 11.9 lakh
Pharmaceutical Management	INR 7.5 lakh
Real Estate Management	INR 13 lakh

SPJIMR is one of the leading Management institutes in India and offers good placements. The key highlights of SPJIMR placements over the past three years for PGDM program are presented below:

Particulars	PGDM Placement Statistics (2023)	PGDM Placement Statistics (2024)	PGDM Placement Statistics (2025)
Highest package	INR 67.5 LPA	INR 81 LPA	INR 81 LPA
Highest international package	INR 77.88 LPA	NA	INR 89 LPA
Average package	INR 33.02 LPA	INR 33 LPA	INR 32 LPA
Median package	INR 32.89 LPA	INR 31.5 LPA	INR 30.5 LPA
Placement rate	100%	100%	100%
Total PPOs	112	138	162
Companies visited	63	72	86
First-time recruiters	33	33	27
Total students	237	292	336

Note: Placement data 2024 and 2025 is the combined data for PGDM and PGDM BM

No, you can't avail PGDM course at 70 percentile, you should atleast have 85 percentile in CAT. As per the Welingkar Mumbai CAT cutoff 2024, the last-round Post Graduate Diploma in Management (PGDM) course stood at 85 for admission to institute for the General category students in the All India quota. So, the assumed expected cutoff for the upcoming admission session 2025 can stood at 85 for the General AI category candidates. Although, it is an estimated guess and the NEET cutoff is subject to many factors such as competition, difficulty level of the exam, and previous year trend.  

Welingkar Mumbai offers decent placements annually to its PGDM students. The overall national Welingkar Mumbai average package offered during the 2025 placement drive stood at INR 11.68 LPA. The course-wise average package received during Welingkar Mumbai placements 2025 is presented below:

Course	Domestic Average Package (2025)	International Average Package (2025)
PGDM	INR 11.7 LPA	INR 18.14 LPA
PGDM E Business	INR 11.69 LPA	INR 20.23 LPA
PGDM Business Design	INR 11.12 LPA	NA
PGDM HCM	INR 19.04 LPA	NA
PGDM Retail Management	INR 11.07 LPA	INR 16.15 LPA
PGDM Rural Management	INR 10.86 LPA	INR 16.77 LPA
PGDM Media & Entertainment	INR 9.74 LPA	INR 28.87 LPA
PGDM Research and Business Analytics	INR 12.52 LPA	INR 20.81 LPA

The course-wise average package offered during SBM NMIMS MBA placements 2024 and 2023 are presented below:

Course	Average Package
MBA	INR 25.13 LPA (2024)
MBA HR	INR 18.64 LPA (2024)
MBA Pharmaceutical Management	INR 10.4 LPA (2024)
MBA Digital Transformation	INR 15.9 LPA (2023)
MBA Business Analytics	INR 17.85 LPA (2023)

Vivekanand Business School (VBS) and SIES College of Management Studies both are renowned universities for MBA/PGDM. However, in terms of affordability, Vivekanand Business School (VBS) is a better option since the total tuition fee for Vivekanand Business School (VBS) is INR 880,000 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.

N. L. Dalmia offers two-year PGDM course equivalent to MBA course. The full-time PGDM course comprises six semesters (three semesters per year). PGDM at N. L. Dalmia is available scross various specialisations, namely Finance, Marketing, Human Resources and Business Analytics.These are approved by All India Council for Technical Education (AICTE), Ministry of HRD, Govt. of India. Admission to PGDM course is entrance-based. The Institute accepts national or state-level entrance exams such as CAT, XAT, GMAT, CMAT, MH-CET, MAT, ATMA for providing admission to PGDM course. Scholarships are provided to academically exceptional and meritorious students at N. L. Dalmia.  

MBA stands for Master of Business Administration.GNIMS stands for Guru Nanak Institute of Management Studies.

Is MBA at DY Patil University School of Management better than GNIMS Business School? it depends on various factors, such as your preferences, goals, interests, and expectations. Both DY Patil University School of Management and GNIMS Business School are reputed management institutions in Mumbai. In 2022 DY Patil University School of Management ranked 198 out of 281 and GNIMS Business School ranked 198 out of 281 this means that both institutions have similar rankings and reputations. The package offered by DY Patil University School of Management is 6-20LPA, while GNIMS Business School is 4-6LPA. This means that DY Patil University School of Management has a higher placement record and salary range than GNIMS Business School.

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 

Yes,  PGDM is available at IES MCRC. This pogramme is offered in affiliation with Mumbai University. Students who wish to enrol can check below to know more:

• Duration: Two years
• Selection: CAT/XAT/CMAT/MAT/ATMA/MAH-CET/GMAT scores
• Fees: INR 6 lakh
• Note: The above information is taken from official sources. However, it is subject to change.

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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NMIMS Navi Mumbai has yet to release its overall average package. However, it has released its school wise placement report for 2025. See the table below to know more about the average package recorded during NMIMS Navi Mumbai placements 2025:

School	Average Package
SBM	INR 12.85 LPA
SOL	INR 5.88 LPA (BA LLB) INR 5.88 LPA (BBA LLB)
SOE	INR 5.6 LPA
SOHM	INR 3.8 LPA
STME	INR 7.53 LPA (BTech) INR 10.5 LPA (MBA Tech)
SOC	INR 5.28 LPA
SOLA	INR 2.16 LPA