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 -

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.

IIT Bombay offers merit-based scholarships. The scholarship is offered based on the performance of the students in the semester exam. Approximately 20% of the students are beneficiaries of the various scholarships are from various endowment funds. Additionally, a few other scholarships are available centrally from IIT-B. Besides, SC and ST candidates are exempted from paying the tuition fees.

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 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:

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

Yes, you can apply for an MBA course at KJSIM without CAT scores. The institute accept other exam scores as well for admission. Candidates with a valid score of XAT/GMAT/NMAT/CMAT are also eligible to apply. Apart from this, aspirants must have a valid bachelor's degree from a recognised university to be eligible for course admission. The final selection is done based on shortlisted candidates performance in the group discussion and personal interview rounds.

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:

Particulars	MBA Core Placement Statistics (2026)	Particulars	MBA HR Placement Statistics (2026)
Highest Salary	INR 41.28 LPA	Highest Package	INR 31.16 LPA
Average Salary	INR 24.6 LPA	Average Package	INR 19.08 LPA
Companies Visited	190	Top 10% Average Package	INR 25.69 LPA
New Recruiters	69	Top 20% Average Package	INR 23.97 LPA
Average Salary for top 10%	INR 31.25 LPA	Top 30% Average Package	INR 23.09 LPA
Average Salary for top 20%	INR 28.92 LPA	Top 40% Average Package	INR 22.67 LPA
Average Salary for top 30%	INR 27.02 LPA	Companies Visited	37
Average Salary for top 40%	INR 25.58 LPA	New Recruiter	10

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

{Source: MBA/PGDM students & alumni}

Effectiveness of Placement Cell for MBA/PGDM Courses at Universal AI University

Based on the feedback from students and alumni, here's a summary of the effectiveness of the placement cell:

* Good placement record: The university has a good placement record, with almost 95% of students getting placed every year. The average salary package offered is around INR6.5 Lacs to INR7.5 Lacs per annum, with some students receiving offers up to INR21 Lacs per annum.

* Regular campus placements: The placement cell conducts regular campus placements, with multiple companies visiting the campus every year. Some of the notable recruiters include LG, Upgrade, Reliance, Marico, HUL, Amazon, CBRE, HDFC, and Deloitte, among others.

* Active placement team: The placement team is actively involved in ensuring that students are placed in reputed companies. They work closely with companies to customize job profiles according to student interests and skill sets.

* Training and preparation: The university provides training and preparation sessions to help students prepare for interviews and assessments. This includes mock interviews, group discussions, and personality development workshops.

* Industry connections: The university has strong ties with the corporate world, providing students with opportunities for internships, mentorship programs, and guest lectures from industry experts.

* Constant improvement: The placement cell continuously evaluates and improves its processes to ensure better outcomes for students.

In conclusion, the placement cell at Universal AI University is effective in placing students in reputed companies, offering competitive salaries, and providing training and preparation for the industry.

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.

Chetana's Institute of Management and Research releases the merit list after completion of all Comprehensive Discussion & Personal Interview-CDPI rounds. The results are available on the institute's notice board and official website. 

VIT Mumbai MMS admission is provided to applicants who fulfil the preset eligibility criteria. The VIT Mumbai MMS eligibility criteria is as follows:

• The candidate should be an Indian National;
• The candidate must have passed a Bachelor's degree of at least three years, from a recognised university with a minimum of 50% (45% in the case of candidates belonging to backward class categories and Persons with Disability belonging to Maharashtra State only)

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.

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. 

The entrance exam accepted for admission to management programmes at  SP Jain School of Global Management depends upon the specialisation and campus. Generally, the scores of the following entrance exams are accepted as valid: GMAT, GRE, CAT, MAT and SPJAT.

Atharva School of Business is a private institute that is approved by organizations like AICTE and gives good education to the students. Below given are the reasons to choose Atharva School of Business:

• Good Ranking: The institute is ranked 86 in the 'Management Institutes' category by Times 2023.
• Placement Opportunities: The institute has a placement cell and gives placement opportunities in companies like Naukri.com, Kotak Mahindra Bank, Reliance General Insurance, BNP Paribas, Credence Analytics (India) Pvt Ltd, Flamingo Communication etc.. 
• Scholarship Options: The institute also gives merit and need based scholarships to the students. 

As of now, the VSM Mumbai PGDM application deadline has not been released. However, the admission for the academic year 2026 is currently ongoing. Interested applicants can visit the official website to apply for the desired course. It is essential for candidates to review the present eligibility criteria before applying. To avoid missing any deadlines, they should frequently visit the official website or contact the admission office for accurate details.

MBA placements at GNIMS are not bad at all. Approximately 80% of students were placed by the Institute and remaining 20% tried their luck of getting placed by their own individual efforts. The highest package offered was 13 LPA and the lowest package was around 3 LPA last year. Top companies like Seimens, Kotak  Mahindra,   HDFC, Motilal Oswal visited there last year. About 70 % students get internships and companies which offer internships are HDFC, Aditya Corporates, Shiksha.Com, Talent Corner.