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Top MBA Colleges in Mumbai (All)2023
There are a total of 5 top MBA colleges in Mumbai (All) that offer MBA courses. Among them, 4 MBA colleges are privately owned and the public/government owns only 1 MBA college. CAT, CMAT, and NMAT are the most accepting entrance exams in top MBA colleges in Mumbai (All). National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA institutes in Mumbai. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.
The revised ranking of top MBA colleges in Mumbai is mentioned below:
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Top MBA Colleges in Mumbai (All): Highlights 2023
Master of Business Administration (MBA) is a professional PG degree offered to train aspirants for business management and operations. Mumbai has MBA colleges accepting national- and state-level entrance exams, including CAT, GMAT, XAT, CMAT, ATMA, MAT, MAH CET, NMAT, etc., for MBA admissions.
The best MBA colleges in Mumbai are highlighted in the table below.
Parameters |
Statistics |
---|---|
No. of top MBA Colleges |
5 |
Annual Fee |
INR > 4 lakh |
Specialisations |
Sales and Marketing, Operations, Human Resources, IT & Systems, etc. |
Accepted entrance exam |
Top MBA Colleges in Mumbai (All): Eligibility Criteria
The eligibility criteria for MBA courses differ slightly across colleges. However, the basic eligibility is identical in all the b-schools in Mumbai.
- Candidates must possess a bachelor’s degree from a recognised institute/ university.
- Candidates across different streams including Science, Arts, or Commerce can participate in the MBA admission process
- Many institutes will offer admission to the candidates who pass the degree examination. However, some colleges have minimum score criteria for general category candidates as 50 percent and for reserved category as 45 percent.
- Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute
- Candidates with work experience will fetch themselves some brownie points while MBA admission
Popular Exams Accepted by Top MBA Colleges in Mumbai (All)
The two most popular entrance exams accepted in top MBA Colleges in Mumbai are:
- CAT: Common Admission Test (CAT) is a national level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning and Quantitative Aptitude. The preparation for CAT exam should include phase wise completion of the CAT syllabus, mock test practice and revision.
- XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. Apart from XLRI and 10 other XAMI member colleges, over 1,000 B-schools accept XAT scores for admission to their post-graduate management programmes.
Preparing for CAT 2023?
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Read More:
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Free Online CMAT Mock Test Series | Free Online MAT Mock Test Series |
Top MBA Colleges in Mumbai (All) with NIRF Ranking 2023
According to the annual data obtained by the framework, NIRF rankings are published each year. Rankings and ratings are based on five criteria: graduation rate, research, and professional practices, teaching and learning resources, and the institution's overall reputation.
Among the top 10 MBA colleges in Mumbai. Listed below are some of the best MBA colleges in Mumbai along with their NIRF ranking from the past three years, i.e. from 2021 to 2023:
College Name |
NIRF 2021 |
NIRF 2022 |
NIRF 2023 |
---|---|---|---|
12 |
9 |
7 |
|
19 |
21 |
20 |
|
22 |
25 |
21 |
|
Principal L N Welingkar Institute of Management Development and Research |
72 |
68 |
73 |
56 |
71 |
45 |
Top Private and Public/Government MBA Colleges in Mumbai (All)
About 4 MBA colleges are privately owned and the public/government owns 1 MBA college. Here is the separate list of private and public/government top MBA colleges in Mumbai:
Best Private MBA Colleges in Mumbai
Here is a list of top private MBA colleges in Mumbai along with their total tuition fee:
College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/ Eligibility |
---|---|---|
INR 20.42 lakh Seats: 720 |
Entrance Exam: CAT Graduation with 50% aggregate |
|
INR 23.90 lakh Seats: 1,260 |
Entrance Exam: NMAT Graduation with 50% aggregate |
|
Principal L N Welingkar Institute of Management Development and Research |
INR 13 lakh Seats: 15,650 |
Entrance Exam: CAT, XAT, MAT, CMAT Graduation with 50% aggregate |
INR 16.62 lakh Seats: 960 |
Entrance Exam: CAT, XAT, NMAT, CMAT Graduation with 50% aggregate |
Best Public/Government MBA Colleges in Mumbai
Here is a list of top public/government MBA colleges in Mumbai along with their total tuition fee:
College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/ Eligibility |
---|---|---|
INR 8.7 lakh - INR 12.53 lakh Seats: 338 |
Entrance Exam: CAT, GATE Graduation with 60% aggregate |
Top MBA Colleges in Mumbai (All): Ownership
Refer to the table below for a detailed overview of the ownership type of Top MBA Colleges in Mumbai:
Ownership Type |
Number of Colleges |
---|---|
Private |
4 |
Public/Government |
1 |
The amount of money that students receive as a placement offer in exchange for investing a sizeable sum of money to attend a college and finish a degree course is known as return on investment, or ROI.
The best MBA colleges in Mumbai with the total course fee and annual median package are tabulated below:
College Name |
Total Tuition Fee |
Annual Median Package |
---|---|---|
IIM Mumbai (formerly known as NITIE) |
INR 8.7 lakh - INR 12.53 lakh |
INR 22 LPA |
INR 20.42 lakh |
INR 30.10 LPA |
|
INR 23.90 lakh |
INR 16 LPA |
|
Principal L N Welingkar Institute of Management Development and Research |
INR 13 lakh |
INR 11.59 LPA |
INR 16.62 lakh |
INR 10.25 LPA |
Note: Above statistics are based on the latest available data.
Read More:
Top Recruiters for MBA Graduates in Mumbai (All)
Among the top 10 MBA colleges in Mumbai. Below is the list of top MBA colleges in Mumbai and a few top companies that recruit MBA graduates along with their placement ratings:
College Name |
Placement Rating |
Top Recruiters |
---|---|---|
4.8 |
Britannia, Emami Agrotech, Bain & Co., EY GDS, Cognizant Business Consulting |
|
4.2 |
Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
|
Principal L N Welingkar Institute of Management Development and Research |
3.6 |
Accenture, Mahindra, PwC, Wipro, Reliance, Pidilite |
SVKM`s Narsee Monjee Institute of Management Studies (NMIMS) |
4.2 |
American Express, Barclays, ICICI Bank, Yes Bank |
Specialisations offered by Top MBA Colleges in Mumbai (All)
See the table below for a detailed overview of the top specialisations offered by the top b schools in Mumbai (All):
Which are the most popular MBA exams accepted by Top MBA Colleges in Mumbai (All)?
The top MBA colleges in Mumbai accept scores obtained by students in numerous national-level examinations. See the table below for a detailed overview of the top exams to get admitted to the top MBA colleges in Mumbai:
Top MBA Colleges in Mumbai (All): Comparison
To check the comparison between the top b schools in Mumbai, click the link below:
1. Indian Institute of Management Mumbai
2. S.P. Jain Institute of Management and Research, Mumbai
3. NMIMS School of Business Management, Mumbai
4. K J Somaiya Institute of Management
5. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Other popular MBA/PGDM colleges in Mumbai (All)
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FAQs on Top MBA Colleges in Mumbai
Q: What are the different specialisations offered in MBA colleges in Mumbai?
A: The top MBA colleges in Mumbai offer diversified specialisations. The top specialisations offered in MBA colleges in Mumbai are:
- Finance
- Sales and Marketing
- Operations
- Human Resources
- International Business
- Business Economics
- Family Business
Q: Which MBA college has highest placement?
A: The top b schools in Mumbai based on placements are as follows:
College Name |
Annual Average Package |
---|---|
IIM Mumbai (formerly known as NITIE) |
INR 22 LPA |
S P Jain Institute of Management & Research |
INR 30.10 LPA |
SVKM`s Narsee Monjee Institute of Management Studies |
INR 16 LPA |
Principal L N Welingkar Institute of Management Development and Research |
INR 11.59 LPA |
K J Somaiya Institute of Management |
INR 10.25 LPA |
Q: Which are the job profiles offered after completing an MBA from Mumbai?
A: Some of the job profiles that are offered by companies after completing an MBA from Mumbai are:
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Resources Manager
- Operations Manager
- Product Manager
- Data Analytics Manager
- Digital Marketing Manager
- Advertising Sales Manager
Q: What is the estimated tuition fee for studying MBA in Mumbai?
A: It is estimated that pursuing an MBA in Mumbai is expensive as approximately 86 percent of the colleges have course/annual fees above INR 5 lakhs. These colleges include:
- IIM Mumbai (formerly known as NITIE)
- SJMSOM, IIT Bombay
- SPJIMR, Mumbai
- KJ Somaiya Institute of Management, Mumbai
- NMIMS Mumbai
Q: What are the popular exams to qualify MBA in Mumbai?
A: The various exams accepted in Mumbai for MBA admissions include:
Exams | Number of Colleges |
---|---|
CAT | 3 |
CMAT | 2 |
NMAT | 2 |
XAT | 2 |
ATMA | 1 |
Q: Which are the top MBA colleges in Mumbai as per NIRF ranking 2023?
A: Listed below are the MBA colleges in Mumbai along with heir NIRF ranking 2022:
College Name |
NIRF 2023 |
---|---|
IIM Mumbai (formerly known as NITIE) |
7 |
S. P. Jain Institute of Management & Research |
20 |
SVKM`s Narsee Monjee Institute of Management Studies |
21 |
Principal L N Welingkar Institute of Management Development and Research |
73 |
K.J.Somaiya Institute of Management |
45 |
Q: Do I need work experience for admission into top MBA colleges in Mumbai?
A: Having work experience after a bachelor’s degree is always a plus. However, work experience is not mandatory for MBA admission in Mumbai. Some colleges might have a weightage for work experience in the selection process. Most of the B-Schools prefer the graduates to have a minimum of 2-3 years of experience for MBA admission.
Q: Which are the top private MBA colleges along with their total tuition fee in Mumbai?
A. Here is a list of top private MBA colleges in Mumbai along with their total tuition fee:
College Name |
Total Tuition Fee |
---|---|
S. P. Jain Institute of Management & Research |
INR 20.42 lakh |
SVKM`s Narsee Monjee Institute of Management Studies |
INR 23.90 lakh |
Principal L N Welingkar Institute of Management Development and Research |
INR 13 lakh |
K J Somaiya Institute of Management |
INR 16.62 lakh |
Q: What is the cost of studying MBA in top colleges in Mumbai?
A: Tabulated below is the number of Top MBA Colleges in Mumbai along with their total tuition fee structure:
Fee Range |
Number of Colleges |
---|---|
> INR 5 lakh |
4 |
Q: Which is the best college for MBA in Mumbai?
A: The table below shows the best colleges for MBA in Mumbai along with their NIRF ranking from 2022 to 2023:
College Name |
NIRF 2022 |
NIRF 2023 |
---|---|---|
IIM Mumbai (formerly known as NITIE) |
9 |
7 |
S. P. Jain Institute of Management & Research |
21 |
20 |
SVKM`s Narsee Monjee Institute of Management Studies |
25 |
21 |
Principal L N Welingkar Institute of Management Development and Research |
68 |
73 |
K.J.Somaiya Institute of Management |
71 |
45 |
Q: Which is the most expensive MBA in Mumbai?
A: Listed below is the most expensive MBA colleges in Mumbai which has tuition fee of more than INR 5 lakh:
College Name | Total Tuition Fee |
---|---|
S. P. Jain Institute of Management & Research | INR 20.42 lakh |
SVKM`s Narsee Monjee Institute of Management Studies | INR 23.90 lakh |
K.J.Somaiya Institute of Management | INR 16.62 lakh |
Principal L N Welingkar Institute of Management Development and Research | INR 13 lakh |