MBA in Finance Colleges in Mumbai (All): Admissions 2026, Fees, Exams, Eligibility, Salary

SPJIMR Mumbai offered the highest average placement package of INR 32.85 LPA followed by other top colleges. Listed below are some of the top colleges with their average salaries -

Source: Official site and may vary.

SPJIMR shortlists candidates for its flagship programme i.e. PGDM based on their profiles. The profiles are evaluated, and the applicants are sorted into two groups: Profile-based and Profile-cum-Score-based. In the first phase, candidates shortlisted based on their profile are called for a Personal Interview (PI). However, the second phase is held after the availability of entrance test scores. That means, the institute accepts entrance exam scores as well for admission. The accepted entrance exam for PGDM is CAT/ GMAT. For admission to FPM, aspirants need to appear for Research Aptitude Test followed by a personal interview round. The institute shortlists candidates for admission to GMP based on scores of the candidates in CAT, GMAT, GRE, etc. 

The total tuition fee for NMIMS School of Business Management MBA ranges between INR 16 lakh and INR 27 lakh. Check below fee for some of the MBA specialisations:

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.

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. 

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, Welingkar Mumbai offers decent placements annually to students of all PGDM courses. According to the latest report, the national and int'l Welingkar Mumbai average package offered in 2025 stood at INR 11.68 LPA and INR 19.05 LPA. The highest domestic and int'l package was INR 40 LPA and INR 28.87 LPA.

SBM NIMIMS offers good placements to its students. The sector-wise PPOs Distribution and On-Campus placement distribution recorded during MBA Core and MBA HR placements 2026 are presented below:

N. L. Dalmia offers two-year PGDM course equivalent to MBA course. The full-time PGDM course comprises six semesters (three semesters per year). PGDM at N. L. Dalmia is available scross various specialisations, namely Finance, Marketing, Human Resources and Business Analytics.These are approved by All India Council for Technical Education (AICTE), Ministry of HRD, Govt. of India. Admission to PGDM course is entrance-based. The Institute accepts national or state-level entrance exams such as CAT, XAT, GMAT, CMAT, MH-CET, MAT, ATMA for providing admission to PGDM course. Scholarships are provided to academically exceptional and meritorious students at N. L. Dalmia.  

Private MBA in Finance colleges in Mumbai are generally expensive as they have modern infrastructure, experienced faculty with great placement offered. Listed below are some of the top colleges -

Source: Official site and may vary.

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.

Yes, we can say that joining the top private MBA Finance colleges in Mumbai can be expensive, yet good average salary offered to candidates. Listed below are some of the top colleges -

Source: Official site and may vary.

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

SIES School of Business Studies PGDM programme offers specialisations in Marketing, Finance, Human Resources, Operations, Business Analytics, Pharmaceutical Management, and Biotechnology Management. Students can choose these as per their career choice.

Universal AI University is not very costly. The university fee is quite affordable, hence there is no need for scholarships. The total fee for the two-year Executive MBA is INR 1.98 lakh. This fee is less than many top MBA colleges. For other details, please visit the official website of the university. 

Yes, VBS reserves seats for candidates belonging to two categories to ensure equality and diversity in each batch. The seat reservation policy followed at the institute is as follows:

• Seats reserved for Defense Personnel & their children: 9 seats
• Seats for Foreign Nationals under Supernumerary Quota: 27 seats (15% of total seats)

NOTE: The mentioned information is sourced from official sources. It is still subject to change and hence, is indicative.

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:

To apply for PGDM course at MET Institute of PGDM, students need to fulfil the minimum eligibility criteria, which is to pass graduation with 50% aggregate (45% aggregate for reserved categories) from a recgonised Association of Indian Universities. Aspirants have to qualify for either CMAT/ XAT/ CAT/ ATMA/ GMAT/ MAT/ MH-CET entrance exam with a valid score. The final selection is done based on the performance of candidates in the Personal Interview (PI) round. 

Yes, NMIMS Deemed to be University is one of the best oprions for UG and PG programmes through 9 schools of study. The institute os popularly known for its MBA courses under the guidance of experts. The university has strong placements and the highest package offered at School of Business Management was INR 19 LPA. 

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, there is scholarships for the MBA course at ITM Business School Navi Mumbai. The scholarship comprises a wide range of scholarships up to 100%. This scholarship is available for all MBA applicants. The basic criteria for application are mentioned below:

• The student must attend and clear the ITM Scholarship Entrance Test and CAPI (Case Analysis & Personal Interview) rounds
• A student who has completed the first and second year of graduation with an overall of 60%
• Any postgraduate or graduate who has an overall 60% in 10th, 12th, and graduation

The minimum cutoff percentiles for MBA admissions have not yet been released by the DY Patil University School of Management. Usually, cutoffs are announced closer to the dates of admission.

However, based on previous years' cutoff trends, here are some indicative percentiles that can set as targets:

• CAT Cutoffs:
  - General Category: 60 to 65 percentile
  - Reserved Categories: 55 to 60 percentile
• CMAT Cutoffs:
  - General Category: 80+ percentile
  - Reserved Categories: 65+ percentile

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, PGPM students at IBS Mumbai are offered scholarships. The institute provides numerous scholarships worth INR 10 crore. Check out the below list to know all the scholarships available for PGPM students:

• Merit scholarships for the Class of 2026
• Wards of Defence Personnel (In-service/retired) from Army, Air Force, Navy, and Paramilitary Forces
• For Toppers in IBSAT
• For Physically Challenged Candidates
• For Wards of IBS Alumni