Updated on Jun 26, 2023 11:10 IST
Tasbiya Khan

Tasbiya KhanRetainer

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:

  • National Institute of Industrial Engineering improved its ranking as it shifted to rank 7 in 2023 when as compared to rank 9 in 2022.
  • S. P. Jain Institute of Management & Research improved its ranking as it shifted to rank 20 in 2023 when as compared to rank 21 in 2022.

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

CAT, CMAT, NMAT, XAT, etc.

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?

Read More:

Download CAT Previous Years Question Papers Free Online CAT Mock Test Series
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

IIM Mumbai (formerly known as NITIE)

12

9

7

S. P. Jain Institute of Management & Research

19

21

20

SVKM`s Narsee Monjee Institute of Management Studies

22

25

21

Principal L N Welingkar Institute of Management Development and Research

72

68

73

K.J.Somaiya Institute of Management

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

S. P. Jain Institute of Management & Research

INR 20.42 lakh

Seats: 720

Entrance Exam: CAT

Graduation with 50% aggregate

SVKM`s Narsee Monjee Institute of Management Studies

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

K J Somaiya Institute of Management

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

IIM Mumbai (formerly known as NITIE)

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

ROI of Top MBA Colleges in Mumbai (All)

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

S P Jain Institute of Management & Research

INR 20.42 lakh

INR 30.10 LPA

SVKM`s Narsee Monjee Institute of Management Studies

INR 23.90 lakh

INR 16 LPA

Principal L N Welingkar Institute of Management Development and Research

INR 13 lakh

INR 11.59 LPA

K J Somaiya Institute of Management

INR 16.62 lakh

INR 10.25 LPA

Note: Above statistics are based on the latest available data.

Read More:

Top MBA Colleges in Nagpur

Top MBA Colleges in Delhi/NCR

Top MBA Colleges in Bangalore

Top MBA Colleges in Pune

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

IIM Mumbai (formerly known as NITIE)

4.8

Britannia, Emami Agrotech, Bain & Co., EY GDS, Cognizant Business Consulting

S. P. Jain Institute of Management & Research

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):

Specialisations Number of Colleges
Finance 4
Sales & Marketing 4
Operations 3
Human Resources 2
IT & Systems 1

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:

Exams Number of Colleges
CAT 3
CMAT 2
NMAT 2
XAT 2
ATMA 1

Top MBA Colleges in Mumbai (All): Comparison

To check the comparison between the top b schools in Mumbai, click the link below:

SPJIMR

Welingkar Mumbai

IIM Mumbai (formerly known as NITIE)

Shailesh J. Mehta School of Management, IIT Bombay

NMIMS School of Business Management, Mumbai

K J Somaiya Institute of Management

Read More

Selected Filters

Location

Total Fees

Rating

Ownership

Specialization

Exams Accepted

7
NIRF ' 23
(All India)
Indian Institute of Management Mumbai
4.5

Placements

4.8

Infrastructure

4.2

Faculty & Course Curriculum

4.3

Crowd & Campus Life

4.6

Value for Money

4.9
(39)
Fees: 6.40 Lakh
Salary : 22.00 Lakh
Not Ranked
Business Today ' 23
Not Ranked
Times ' 23
20
NIRF ' 23
(All India)
S.P. Jain Institute of Management and Research, Mumbai
4.3

Placements

4.2

Infrastructure

3.9

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.4

Value for Money

4.3
(36)
Fees: 20.42 Lakh
Salary : 30.50 Lakh
5
Business Today ' 23
Not Ranked
Times ' 23
21
NIRF ' 23
(All India)
NMIMS School of Business Management, Mumbai
4.2

Placements

4.2

Infrastructure

4.5

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.1

Value for Money

3.9
(141)
Fees: 11.95 Lakh
Salary : 19.20 Lakh
10
Business Today ' 23
Not Ranked
Times ' 23
45
NIRF ' 23
(All India)
K J Somaiya Institute of Management
4.2

Placements

3.9

Infrastructure

4.4

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.3

Value for Money

4.3
(201)
Fees: 16.62 Lakh
Salary : 11.75 Lakh
25
Business Today ' 23
Not Ranked
Times ' 23
73
NIRF ' 23
(All India)
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
4.0

Placements

3.6

Infrastructure

4.3

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.1

Value for Money

3.7
(208)
Fees: 13.00 Lakh
Salary : 10.50 Lakh
39
Business Today ' 23
Not Ranked
Times ' 23

Other popular MBA/PGDM colleges in Mumbai (All)

2 Courses
10 L
19.2 LPA
6.01 L - 7 L
14.8 - 27.6 LPA

#22 Business Today

8 L - 20 L
25.76 - 26.64 LPA

#7 Shiksha Collections

10 L - 12.6 L
Admissions Open for BBA & MBA 2022 - Apply Now
10.2 L
9.09 L
3.8

Top 10 in Mumbai

10.95 L
4.3

#45 Times

5.95 L
100% Placements at top setups like Amazon, Zomato, Kinnect, OnePlus & more
5 L - 5.75 L

Confused about which college or exam to opt for?

Chat with our counsellor.

Get your personalised list of colleges & exams.

4.09 L
5.5 LPA

#28 Times

6.48 L - 12.4 L
5.2 L - 7 L
7.28 LPA

#24 Times

7.15 L - 7.85 L
3.8

#33 Times

8.58 L - 41.33 L
8 - 10.77 LPA

#26 Times

Learn from CEOs at UBS,Mumbai & get amazing ROI with placements. Highest Placement: 1.01cr
27.04 L
Learn from CEOs at UBS,Mumbai & get amazing ROI with placements. Highest Placement: 1.01cr
7 L
Ranked 33rd among top 100 B-Schools in India by B-school survey 2018
4 L
4.5 LPA

#54 Times

10.8 L - 11.05 L
10 LPA

#33 Times

8 L
4.1

#72 Times

Ranked 10th among B-Schools in Mumbai by The Times of India B-School Survey 2022
4.35 L - 5.35 L
2 L
15 LPA

#176 Business Today

10 L - 12.6 L
4.6 LPA

#81 Times

Admissions Open for BBA & MBA 2022 - Apply Now
7.2 L
3.7

#27 Times

Confused about which Course & Career to choose?
Take Shiksha Career Test and make the right Course & Career decision!
Get Unique Recommendations based on your Personality, Hidden Strengths and Natural Abilities

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

 

Select any publisher to see further ranking
NIRF 2023Business Today 2023Times 2023

We use cookies to improve your experience. By continuing to browse the site, you agree to our Privacy Policy and Cookie Policy.