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 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. Hence, direct admission is not possible.

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.

The placement rate recorded during SJMSOM IIT Bombay MBA placements 2023 was 100%. Students get a good salary package after completing MBA from a reputed institute like SJMSOM. The highest package and average package offered during SJMSOM IIT Bombay MBA placements 2023 stood at INR 54 LPA and INR 28.88 LPA, respectively. The top recruiters of SJMSOM IIT Bombay in 2023 included leading companies such as GEP, HUL, Google, Accenture, Cargill, etc. 

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 2025 has been released for admission to the Management courses. During the 2025 cutoff, the CAT and XAT percetiles were 84 and 71, respectively for the Gender-Neutral quota.

So, considering the exam-wise cutoffs, yes, students with a cutoff percentile of 80 might get a seat at K J Somaiya Institute of Management.

The placements at KJSIM are decent for MBA and MCA programs. The highest and average package secured by the MBA batch 2026 was INR 29.30 LPA and INR 13.05 LPA. The placement details for MCA batch 2026 is yet to be released. Earlier, 100% of MCA batch 2025 secured jobs with good packages. The highest and average package offered was INR 9.55 LPA and INR 4.67 LPA.

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:

No, candidates are not allowed to get admission into the MBA/ PGDM at Weilingkar Mumbai directly. To get admission into this course, applicants must follow the complete admission process that starts with the registration of the course, appearing in the valid entrance exam, release of the cutoff, admission confirmation, fee payments, etc. In addition, if someone is a prospect to join the MBA at Welingkar Mumbai, they are obliged to follow all these eligibility requirements. 

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 2026 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:

Universal Business School is a good institution for MBA/PGDM, Certificate, Executive MBA/PGDM, Ph.D, B.A, B.Com, B.Sc, B.E. / B.Tech, FPM courses, and these programs are delivered by highly experienced faculty. Major specialization at Universal Business School are Family Business, Finance, Business Analytics, Artificial Intelligence & Machine Learning, International Business.

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.

To study the syllabus for MAH CET MBA/MMS, candidates must choose the right reference books. Although the CAT preparation books are common study material for all MBA entrance exams in India including MAH CET, candidates must refer to exam specific books to know the nuances of the exam. Books for MAH MBA CET are available in the market and they include sample questions of various difficult levels for practice. Candidates planning to appear for MAH MBA CET must refer to the books specific to the exam. Given below is the list of best books for MAH CET MBA preparation:

It is possible to pursue an MBA without taking any entrance exam. Some direct admission eligibility criteria to help you be accepted into MBA programs.

• Score at least 50%-65% aggregate in graduation.
• For the reserved category, there is relaxation.

Chetana's Institute of Management and Research has 300 seats in PGDM course. The institute offers seats in PGDM based on entrance exam scores and performance of aspirants in CDPI round. Check below PGDM specialisation-wise intake:

No, Thakur Institute of Management Studies and Research does not offer direct admission into MBA courses. Candidates who want to apply for integrated MBA must appear in either CUET-UG or MAH-CET to qualify for admission. Selection will be done during MAH-CET counselling based on scores obtained in either one of these exams.

Yes, it is possible to take admission to the IBS Mumbai PGPM programme without CAT. The institute accepts various other national-level test scores, including NMAT, XAT, and GMAT. Other than this, the institute also conducts an in-house entrance test, i.e., IBSAT. It is conducted once a year, generally in the month of December. Students willing to take the exam can visit the institute's official website to apply.

The Vidyalankar School of Business has a specific training and placement division. With each of the placement partners and corporates, the VSB placement team keeps up positive relationships and networking. In addition, the VSB placement cell continuously informs students on current market trends to help them get ready for job interviews. The Vidyalankar School of Business (VSB) has an excellent placement rate. The college's website states that the average pay package for the PGDM programme in 2022 was INR 4 LPA, while the highest compensation package was INR 10 LPA. Top recruiters for the programme in 2022 were Morgan Stanley, Accenture, Amul, Deloitte, ICICI Bank, and Aditya Birla Group. 

SP Jain School of Global Management

Course and Fees 2023 ;

1.Course : BBA ( 2 courses )

Total tution fees : 4.3 L - 30.4 L

Exams : SAT IndiaSPJET

2.Course: MBA/PGDM (4 courses)

Total tution fees : 13.2 L - 33.7 L

Exams : CATGMAT+1 More

3.Course : Executive MBA/PGDM (1 course)

Total tution fees: 10.6 L

Exams : GMATCAT+1 More

4.Course : B.Sc. (1 course)

Total tution fees: 32.2 L

Exams : JEE MainSAT India+1 More

5.Course : Certificate (24 courses)

Total tution fees: 52.6 K - 15 L

Graduation : 40 %

6.Course: B.A. (1 course)

Total tution fees : 30.4 L

Eligibility : 10+2 : 60 %

Exams : SAT IndiaSPJET

7.Course: MS (1 course)

Total tution fees: 32.5 L

8.Course : Ph.D. (1 course)

Total tution fees: 53.7 L

9.Course : Others UG (1 course)

Total tution fees: 34 L

Eligibility: 10+2 : 60 %

Exams : JEE MainSAT India+1 More

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