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:

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:

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 is one of the premier Management Institutes in India. The past three-year placement trends suggest that the highest package offered during IIM Mumbai placements stand between INR 49 LPA and INR 78 LPA.

Further, the salary package offered during IIM Mumbai placements 2024 is presented below:

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:

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.  

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:

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.

To get admission in a two-year MBA at NMIMS Mumbai, candidates need to meet the eligibility criteria. Candidates with a UG degree passed with minimum 50% to 55% aggregate can apply. Admission to MBA is based on a valid score of NMAT entrance exam. For final selection, performance in competency test and PI is considered.

SPJIMR is one of the leading Management institutes in India and offers good placements. The key highlights of SPJIMR placements for PGDM and PGDM BM Class of 2026 are presented below:

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:

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

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.

AGBS Mumbai provides significant programs in the Management realm to students. The institute is part of Amity's AGBS network and provides the 2 courses of GPBA+BBA and PGPM+MBA. These courses are designed with a global outlook. The placements at the institute provide students with excellent opportunities. The placement rate was recorded at 98% and the highest package at AGBS Mumbai stood at INR 23 LPA.

CMAT 2025 was on January 25, 2025, almost four months ahead of previous years. The CMAT exam is usually held in March-April, but in 2023 and 2024, it was held in May. The last time CMAT was held in January was in 2019.

The NTA announced registration dates via an official circular, which was released online on the NTA website on November 14, 2024. The CMAT 2025 exam schedule includes registration window open and close dates and form correction dates. CMAT 2025 registration has started, and the last date to apply was December 13, 2024, and the admit card was released on January 20, 2025.

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.

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: