MBA in Finance Colleges in Mumbai: Fees, Admission 2026, Courses, Eligibility, Salary

There are about 60+ MBA in finance colleges in Mumbai. Of these, 43 colleges are privately owned and 3 colleges are owned by public/government organisations. CAT, CMAT, XAT, MAT, and ATMA are some of the most accepting entrance exams in top Finance colleges in Mumbai. 

Some of the top colleges are NMIMS School of Business Management, S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, Prin. L. N. Welingkar Institute of Management Development and Research, Shailesh J. Mehta School of Management, Universal AI University, etc.

Admission to SPJIMR courses is based on merit or entrance exam scores of the candidates. For PGDM/ PGPM, candidates are required to pass CAT/ GMAT followed by a personal interview round. The selection for Online PGDM is based on a personal interview round. Candidates are required to meet the selection requirements for admission to any of the UG or PG programmes. For FPM, admission is based on the Research Aptitude Test followed by PI. Besides, admission to GMP programme is based on CAT, XAT, GMAT, GRE followed by PI round. 

Generally private MBA colleges are expensive than government colleges as they have modern infrastructure, experienced faculty with great placement options. Listed below are some of the top MBA in Finance colleges in Mumbai with fee range of INR 1-3 lakh -

Source: Official site and may vary.

The key highlights of SPJIMR placements over the past three years for PGDM and PGPM programs are presented below:

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

As per the data table given below, SPJIMR Mumbai offered the highest average salary package of INR 32.85 LPA followed by other top private colleges. 

Check the table below for other colleges -

Source: Official site and may vary.

KJ Somaiya cutoff 2024 has been released for admission to the Management courses. During the 2024 cutoff, the CAT and XAT percetiles were 84 and 71, respectively for the General AI quota. For CMAT, the cutoff stood at 97.5. So, considering the previous year exam-wise cutoffs, yes, students with a cutoff percentile of 80 have moderate chances of getting a seat at K J Somaiya Institute of Management. Candidates can refer to the table below to check out the last three years cutoff trends for CAT, XAT and CMAT:

The key highlights of KJ Somaiya Institute of Management placements are presented below:

Joining the top MBA in Finance colleges in Maharashtra can be worthwhile for you. For that, you need to check its ROI. Listed below are some colleges along with their tuition fees and average placement package:

NMIMS School of Business Management MBA admission is completely entrance-based and depends upon candidates' performance in the NMAT by GMAC scores. Final selection is done on the basis of NMAT scores, followed by a Written Analytic Test (WAT) & Personal Interview (PI). Talking about the entrance test, the level of difficulty of the NMAT exam is moderate in comparison with any other MBA entrance exam. 

Yes, SBM NMIMS Mumbai is good in terms of placements. The key highlights of MBA and MBA HR placements over the past three years are presented below:

Further, the key highlights of MBA Pharmaceutical Management, MBA Digital Transformation and MBA Business Analytics placements are presented below:

MAH CET is the most accepting entrance exam in the best MBA in Finance colleges in Mumbai. Some of them are mentioned below with their tuition fees -

Source: Official site and may vary.

It is estimated that joining the top MBA in Finance colleges in Maharashtra might be expensive as most have tuition fees of more than INR 5 lakh. However, there are some affordable colleges having tuition fees of less than INR 1 lakh which are mentioned below:

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.

The following is a list of the general requirements for admission to the top universities in Maharashtra for MBA programs in finance:

• A bachelor's degree or an equivalent credential in any field from an accredited college or institution is required of candidates, with a minimum cumulative GPA of 50%.
• Maharashtra has a large number of finance colleges that take into account the results of national admission exams such the MAH CET, MAT, XAT, CAT, CMAT, etc. It is necessary for candidates to achieve the minimum cutoff scores that each college has established.