Which is the No. 1 MBA in Finance college in Mumbai as per NIRF ranking 2024?

SPJIMR Mumbai emerged as the No. 1 MBA in Finance college in Mumbai followed by other colleges. Listed below are some of the colleges along with their NIRF rankings over the past three years, i.e. from 2022 to 2024: Top Colleges NIRF 2022 NIRF 2023 NIRF 2024 S.P. Jain Institute of Management and Research Ranking 21 20 20 NMIMS School of Business Management Ranking NA 21 21 K J Somaiya Institute of Management Ranking 71 45 63 Prin. L. N. Welingkar Institute of Management Development and Research Ranking 68 73 84

Is it worth joining MBA in Finance colleges in Mumbai?

Joining Finance colleges in Mumbai can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their fees and average placement package: College Names Total Tuition Fee Annual Average Package NMIMS School of Business Management MBA INR 12 lakh INR 19 LPA S.P. Jain Institute of Management and Research MBA INR 15 Lacs – INR 24 lakh INR 3 LPA – INR 32 LPA K J Somaiya Institute of Management MBA INR 17 lakh INR 10 LPA Prin. L. N. Welingkar Institute of Management Development and Research MBA INR 14 lakh INR 9 LPA N.L. Dalmia Institute of Management Studies and Research MBA INR 16 lakh INR 8 LPA

What are the top MBA in Finance colleges in Mumbai with good placements?

The table below shows the average placement package offered by top recruiters who participated in top MBA in Finance colleges in Mumbai: College Names Annual Average Package Avg. Placement Package MET Institute of Management Placements INR 7 LPA LG, Cognizant, Amazon, Dell, HCL, ICICI Bank, Infosys, etc. S.P. Jain Institute of Management and Research Placements INR 3 LPA – INR 32 LPA Castrol, Godrej, KPMG, Barclays, CISCO, etc. GNVS Institute of Management Placements INR 4 LPA Accenture, Capgemini, Flipkart, HDFC Bank, Vodafone, etc. Prin. L. N. Welingkar Institute of Management Development and Research Placements INR 10 LPA Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc. IES's Management College and Research Centre Placements INR 7 LPA KPMG, DHL, ITC Limited, Morgan Stanley, Reliance Retail, etc.

What are the affordable MBA in Finance colleges in Mumbai?

It is estimated that joining an MBA in Finance college in Mumbai might be expensive as most of the colleges have their tuition fees of more than INR 5 lakh. Listed below are some of the top colleges along with their fee ranges: Fee Range MBA in Finance Colleges INR 1-2 lakh 2 (Maratha Mandir’s Babasaheb Gawde Institute of Management Studies, Pramod Ram Ujagar Tiwari Saket Institute Of Management) INR 2-3 lakh 8 (St. Francis Institute of Management and Research, VIT, GNVS Institute of Management, etc.) INR 3-5 lakh 10 (MET Institute of Management, Xavier Institute of Management and Research, BSE Institute Limited, etc.) INR > 5 lakh 37 (SBM NMIMS Mumbai, SPJIMR, K J Somaiya Institute of Management, etc.)

Is the CAT syllabus difficult?

Yes, CAT syllabus is difficult to crack if you do not have enough time. There are three subjects in CAT- VARC, DILR and Quantitative Aptitude. Most of the candidates find RC passages tough to crack. In Quants, Arithmetic, Algebra and Geometry pose significant challenge during preparation. In DILR, Reasoning questions often turnout to be tricky and confusion.

What are the government top MBA in Finance colleges in Mumbai?

The table below shows the government top MBA in Finance colleges in Mumbai along with their tuition fees and their seat intake: Public/Government Colleges Total Tuition Fee/Seat Intake Shailesh J. Mehta School of Management Admission INR 20 lakh Seats: 172 BSE Institute Limited, Mumbai Admission INR 4 lakh – INR 9 lakh Seats: 300

Does MBA Finance have lot of Maths?

Yes, MBA Finance have lot of Maths. An MBA Finance typically involves a significant amount of quantitative analysis and mathematical concepts. Finance, as a field, relies heavily on mathematical and statistical tools for decision-making, risk assessment, and financial modeling.

Is doing MBA worthy from SBM NMIMS Mumbai?

Yes, NMIMS School of Business Management (SBM) is among the leading private B-schools in India. During the National Institutional Ranking Framework (NIRF) 2023, the SVKM's Narsee Monjee Institute of Management Studies has been ranked 21 under the Management category. Talking about the School of Business Management placements 2023, the average package for the MBA core course was recorded at INR 26.63 LPA, whereas the MBA HR course witnessed an average package of INR 19.56 LPA. NMIMS School of Business Management's highest package offered in 2023 was INR 67.80 LPA (international) for the MBA core course. So, yes pursuing an MBA course from NMIMS is a good option.

MBA in Finance Colleges in Mumbai: Fees, Ranking 2025, Courses, Placements

Q: How many MBA in Finance colleges are there in Mumbai?

There are about 60+ MBAs in finance colleges in Mumbai. Of these, 47 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 MBA in Finance colleges in Mumbai . 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. are some of the popular best Finance MBA colleges in Mumbai .

There are about 60+ MBAs in finance colleges in Mumbai. Of these, 47 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 MBA in Finance colleges in Mumbai. 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. are some of the popular best Finance MBA colleges in Mumbai.

Latest Update:

The Maharashtra State CET has announced the MAH CET 2025 exam date. MAH MBA CET 2025 will be held on March 17, 18 and 19, 2025. MAH CET 2025 registrations will start in February 2025.

Table of Contents

MBA in Finance Colleges in M

Latest Update:

The Maharashtra State CET has announced the MAH CET 2025 exam date. MAH MBA CET 2025 will be held on March 17, 18 and 19, 2025. MAH CET 2025 registrations will start in February 2025.

Table of Contents

MBA in Finance Colleges in Mumbai: Highlights 2025
MBA in Finance Colleges in Mumbai with NIRF Ranking 2024
MBA in Finance Colleges in Mumbai: Admissions 2025
MBA in Finance Colleges in Mumbai: Exam Schedule 2025
- 4.1 What are the entrance exams accepted by Best MBA in Finance Colleges in Mumbai?
Private MBA in Finance Colleges in Mumbai
Govt. MBA in Finance Colleges in Mumbai
MBA in Finance Colleges in Mumbai: Fees vs Salary
Highest Salary Offered by MBA in Finance Colleges in Mumbai
Low-cost MBA in Finance Colleges in Mumbai
MBA in Finance Colleges in Mumbai: Comparison

MBA in Finance Colleges in Mumbai: Highlights 2025

An MBA is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. Some of the top MBA specialisations include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, and so on. An MBA degree can enhance an individual's skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities.

The key highlights related to the best colleges for MBA in Finance in Mumbai are mentioned below:

Parameters	Particulars/Statistics
Number of MBA Colleges	60+
Annual Fees	INR 1-2 lakh: 2 colleges INR 2-3 lakh: 8 colleges INR 3-5 lakh: 10 colleges INR > 5 lakh: 37 colleges
Top Colleges	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, etc.
Accepted Entrance Exams	CAT, XAT, CMAT, MAT, MAH CET, etc.

Predict your chances here: MBA Cutoff 2024 Predictor

MBA in Finance Colleges in Mumbai with NIRF Ranking 2024

National Institutional Ranking Framework is a ranking methodology adopted by the Ministry of Education, Government of India, to rank institutions of higher education in India. The framework was approved by the erstwhile Ministry of Human Resource Development and launched by the Minister on 29 September 2015.

Among the top 10 MBA in Finance top colleges in Mumbai, the table below shows the best MBA Finance colleges in Mumbai along with NIRF rankings for the past three years, i.e. from 2022 to 2024:

Top Colleges	NIRF 2022	NIRF 2023	NIRF 2024
S.P. Jain Institute of Management and Research Ranking	21	20	20
NMIMS School of Business Management Ranking	NA	21	21
K J Somaiya Institute of Management Ranking	71	45	63
Prin. L. N. Welingkar Institute of Management Development and Research Ranking	68	73	84

Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.

READ MORE: MBA Courses

MBA in Finance Colleges in Mumbai: Admissions 2025

The general eligibility criteria to get MBA admission in best colleges in Mumbai for MBA in Finance are listed below:

Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
Many Finance colleges in Mumbai consider scores from national-level entrance exams such as MAH CET, MAT, XAT, CAT, CMAT, etc. Candidates are required to meet the minimum cutoff scores set by the respective colleges.

MBA in Finance Colleges in Mumbai: Exam Schedule 2025

The two most popular entrance exams accepted in top MBA in Finance colleges in Mumbai are:

CAT: Common Admission Test or CAT is a national level management aptitude test conducted by the IIM for admission to MBA courses offered by its 21 campuses (NITIE Mumbai has been added to the cluster as IIM Mumbai). Over two lakh candidates apply for the CAT exam every year. In CAT 2023, applications touched the record high of 3.30 lakh. Candidates who clear the CAT exam are eligible for admission to over 1200 MBA colleges in India, apart from the IIMs.
MAH CET: Maharashtra Common Entrance Test or MAH CET is a management entrance test. Officially known as MAH MBA/MMS-CET, the exam is conducted by the State Common Entrance Test Cell, Maharashtra, for admission to management courses in various institutes in the state of Maharashtra.

Listed below are the following exam dates for best colleges in Mumbai for MBA in Finance along with their schedule:

Exam Name	Dates	Schedule
CAT 2025 Exam	TENTATIVE	CAT Schedule
MAH CET 2025 Exam	Mar '25	MAH CET Schedule
XAT 2025 Exam	5 Jan '25	XAT Schedule

What are the entrance exams accepted by Best MBA in Finance Colleges in Mumbai?

Listed below are the various entrance exams accepted by the best top colleges for MBA in Finance in Mumbai along with their number of colleges and cut-off predictor:

Exams	Number of Colleges	Cutoff Predictor
CAT	44	CAT 2024 Predictor
MAH CET	42	MAH CET 2024 Predictor
CMAT	36	CMAT 2024 Predictor
XAT	35	XAT 2024 Predictor
MAT	33	MAT 2024 Predictor
ATMA	32	ATMA 2024 Predictor

Also Read: What After MAH MBA CET Result 2024?

Preparing for CAT 2024? Click to practice:

Read More About CAT, MAT, and CMAT Mock Test Series:

Private MBA in Finance Colleges in Mumbai

Among the top 10 colleges in Mumbai for MBA in Finance, refer to the table below for a detailed overview of the private top colleges along with their fees:

Private Colleges

Total Tuition Fee/Seat Intake

Exams/Eligibility Criteria

NMIMS School of Business Management Admission

INR 25 lakh

Seats: 1,350

Exams: NMAT

Eligibility: Graduation with 50% aggregate

S.P. Jain Institute of Management and Research Admission

INR 15 lakh – INR 24 lakh

Seats: 880

Exams: CAT, GMAT

Eligibility: Graduation with 50% aggregate

K J Somaiya Institute of Management Admission

INR 19 lakh

Seats: 660

Exams: CAT, CMAT, XAT, etc.

Eligibility: Graduation with 50% aggregate

Prin. L. N. Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Seats: 16,250

Exams: CAT, CMAT, XAT, etc.

Eligibility: Graduation with 50% aggregate

Chetana's Institute of Management and Research Admission

INR 9 lakh

Seats: 330

Exams: CAT, CMAT, MAH CET, etc.

Eligibility: Graduation with 50% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

READ MORE: MBA Syllabus

Govt. MBA in Finance Colleges in Mumbai

Among the top 10 colleges in Mumbai for mba in Finance, refer to the table below for a detailed overview of the government top colleges along with their fees:

Public/Government Colleges

Total Tuition Fee/Seat Intake

Exams/Eligibility Criteria

Shailesh J. Mehta School of Management Admission

INR 20 lakh

Seats: 172

Exams: CAT, CMAT, MAH CET, etc.

Eligibility: Graduation with 50% aggregate

BSE Institute Limited, Mumbai Admission

INR 4 lakh – INR 9 lakh

Seats: 300

Exams: CAT, CMAT, NMAT, etc.

Eligibility: Graduation with 60% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

READ MORE: MBA Admission 2024

MBA in Finance Colleges in Mumbai: Fees vs Salary

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.

The table below shows the top MBA in Finance institutes in Mumbai along with their tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
MET Institute of Management MBA	INR 3 lakh	INR 7 LPA
S.P. Jain Institute of Management and Research MBA	INR 15 lakh – INR 24 lakh	INR 3 LPA – INR 32 LPA
GNVS Institute of Management MBA	INR 2 lakh	INR 4 LPA
Prin. L. N. Welingkar Institute of Management Development and Research MBA	INR 14 lakh	INR 10 LPA
IES's Management College and Research Centre MBA	INR 7 lakh	INR 7 LPA

Disclaimer: The above statistics are based on the latest data.

Read more about MBA in Finance colleges in other regions:

Highest Salary Offered by MBA in Finance Colleges in Mumbai

The table below shows the average placement package offered by top recruiters who participated in top MBA in Finance institutes in Mumbai:

College Names	Annual Average Package	Avg. Placement Package
MET Institute of Management Placements	INR 7 LPA	LG, Cognizant, Amazon, Dell, HCL, ICICI Bank, Infosys, etc.
S.P. Jain Institute of Management and Research Placements	INR 3 LPA – INR 32 LPA	Castrol, Godrej, KPMG, Barclays, CISCO, etc.
GNVS Institute of Management Placements	INR 4 LPA	Accenture, Capgemini, Flipkart, HDFC Bank, Vodafone, etc.
Prin. L. N. Welingkar Institute of Management Development and Research Placements	INR 10 LPA	Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.
IES's Management College and Research Centre Placements	INR 7 LPA	KPMG, DHL, ITC Limited, Morgan Stanley, Reliance Retail, etc.

Disclaimer: The above statistics are based on the latest data.

READ MORE: MBA Preparation Tips

Low-cost MBA in Finance Colleges in Mumbai

It is estimated that joining an MBA in Finance college in Mumbai might be expensive as most of the colleges have their tuition fees of more than INR 5 lakh. Listed below are some of the top colleges along with their fee ranges:

Fee Range	MBA in Finance Colleges
INR 1-2 lakh	2 (Maratha Mandir’s Babasaheb Gawde Institute of Management Studies, Pramod Ram Ujagar Tiwari Saket Institute Of Management)
INR 2-3 lakh	8 (St. Francis Institute of Management and Research, VIT, GNVS Institute of Management, etc.)
INR 3-5 lakh	10 (MET Institute of Management, Xavier Institute of Management and Research, BSE Institute Limited, etc.)
INR > 5 lakh	37 (SBM NMIMS Mumbai, SPJIMR, K J Somaiya Institute of Management, etc.)