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 -

Top Colleges	Tuition Fee
VIT - Vidyalankar Institute of Technology	INR 2.99 lakh
K.C.College of Engineering and Management Studies and Research	INR 2.42 lakh
Pramod Ram Ujagar Tiwari Saket Institute Of Management	INR 1.6 lakh
Maratha Mandir’s Babasaheb Gawde Institute of Ma	INR 2.1 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:

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
Particulars	PGPM Placement Statistics (2022)	PGPM Placement Statistics (2023)	PGPM Placement Statistics (2024)
Highest package	INR 43.92 LPA	INR 44.67 LPA	INR 52 LPA
Average package	INR 23.61 LPA	INR 26.28 LPA	INR 23.88 LPA
Median package	NA	NA	INR 22.8 LPA
Companies visited	NA	46	42
First-time recruiters	NA	NA	17

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 -

College Names	Annual Average Package
S.P. Jain Institute of Management and Research Placements	INR 32.85 LPA
K J Somaiya Institute of Management Placements	INR 12 LPA
Chetana's Institute of Management and Research Placements	INR 8 LPA
Amity University, Mumbai Placements	INR 7 LPA

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:

Exam	2022	2023	2024
CMAT (percentile)	95	95	97.5
CAT (percentile)	86	86	84
XAT (percentile)	84	84	71

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:

College Names	Total Tuition Fee	Annual Average Package
SIBM Pune MBA	INR 24 lakh	INR 24 LPA
SPJIMR	INR 15 lakh – INR 24 lakh	INR 29 LPA – INR 32 LPA
IIM Nagpur MBA	INR 19 lakh	INR 17 LPA
Welingkar Mumbai MBA	INR 14 lakh	INR 9 LPA
National Institute of Bank Management MBA	INR 14 lakh	INR 11 LPA

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 over the past three years are presented below:

Particulars	MBA Core Placement Statistics (2022)	MBA Core Placement Statistics (2023)	MBA Core Placement Statistics (2024)
Highest package	INR 57.65 LPA	INR 67.8 LPA (International)	INR 67.7 LPA
Average package	INR 23.07 LPA	INR 26.63 LPA	INR 25.13 LPA
Total recruiters	130 (38 new recruiters)	148 (52 new recruiters)	168 (72 new recruiters)
Batch placed through PPOs	29%	36%	37%
Particulars	MBA HR Placement Statistics (2022)	MBA HR Placement Statistics (2023)	MBA HR Placement Statistics (2024)
Highest package	INR 29.09 LPA	INR 25.95 LPA	INR 25.02 LPA
Average package	INR 19.4 LPA	INR 19.56 LPA	INR 18.64 LPA
Total recruiters	24 (10 new recruiters)	51 (24 new recruiters)	46 (21)
Batch placed through PPOs	11%	25%	27%

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

Particulars	MBA Pharmaceutical Management Placement Statistics (2024)	MBA Digital Transformation Placement Statistics (2023)	MBA Business Analytics Placement Statistics (2023)
Highest package	INR 25 LPA	INR 26.13 LPA	INR 26.13 LPA
Average package	INR 10.4 LPA	INR 15.9 LPA	INR 17.85 LPA
Total companies	NA	70	80+
Fortune 500 companies	NA	20	25

 

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 -

Top Colleges	Tuition Fee
K J Somaiya Institute of Management	INR 23.45 lakh
NMIMS School of Business Management, Mumbai	INR 27 lakh
N.L. Dalmia Institute of Management Studies and Research	INR 16.5 lakh
Vivekanand Business School (VBS)	INR 9.5 lakh
Chetana's Institute of Management and Research	INR 9.4 lakh

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:

Low-cost Colleges	Tuition Fee
IndSearch Institute of Management Studies and Research, Law College Road Campus	INR 40,000
Dhole Patil College of Engineering	INR 61,000
Shri Shivaji Maratha Society’s Institute of Management & Research	INR 70,000
Punyashlok Ahilyadevi Holkar Solapur University	INR 88,000
Unique Institute of Management (UIM, Pune)	INR 70,000

Vivekanand Business School have separate boys and girls hostels. For the AC rooms, candidates have to pay a fee of INR 2.55 lakh. This fee amount is subject to policy. It may get revised in any academic session. Candidates should note that the fee is as per official sources. Hence, is indicative. 

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:

Book Name	Authors/Publishers Name
MAH CET (MBA/ MMS) Entrance Guide	Odisha Publications
50+ Solve Papers	Arihant
Mathematics for MBA Entrance Exams	RS Agarwal
Verbal Ability and Reading Comprehension	TIME
Maharashtra MBA CET	Arihant Publications

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.

The application fee for Amity University Mumbai is waived off. Candidates can submit their application form. It is always a good idea to save and print the application for verification in later stages of admission.

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.

 MET Institute of PGDM offers PGDM course for a duration of two-years. This course is offered across two specialisations namely, Media & Entertainment and e-Business. The latter is offered across five other specialisations. These are Finance, Marketing, Human Resources, Operations and Systems. Additionally, MET has also introduced five NEW AGE add-on specialisations in FinTech, MarTech, EduTech, Healthcare Management, Start-ups and New Enterprise Management.

The overall seats available across all courses offered by Xavier Institute of Management and Research is up to 60. Good thing to know is that Xavier Institute of Management and Research has courses which are approved by prominent Government bodies like AICTE.

No, candidates who apply for BITSoM Mumbai MBA course cannot get direct admissions. To gain admission into MBA at BITSoM Mumbai, candidates must appear for one of CAT, GMAT, GMAT Focus or GRE.

If the candidate is selected, they will be called for the personal interview round.

Yes, candidates can get admissions to the MMS course without CAT scores, because TIMSR Pune accepts different entrance examination scores according to the domicile of candidates. Therefore, for Maharashtra candidates, the institute accepts the valid scores from MAH-MBA/MMS-CET conducted by the DTE. Moreover, for other Indian students, the institute accepts the relevant scores from CAT/XAT/CMAT, etc. Hence, CAT can be considered as one of the entrance exams to get admission into MMS at TIMSR Pune. However, it is not compulsory.

One important factor that applicants must keep in mind is 15% of All India Quota Seats will be filled through CAT & CMAT, and they should have obtained the requisite score.