Aneena Aley AbrahamSenior Executive
Top MBA Colleges in Mumbai (All): Ranking 2025, Fees, Admissions, Courses, Placements
Mumbai is home to 5 top MBA colleges in Mumbai (All) and out of these 3 colleges are owned privately and one is owned by the government. Admissions to the best MBA colleges in Mumbai (All) are done on the basis of CAT, XAT, CMAT, GMAT, NMAT, ATMA and MAH CET. Indian Institute of Management Mumbai, S.P. Jain Institute of Management and Research Mumbai, Pravin Dalal School of Entrepreneurship and Family Business Mumbai, K J Somaya Institute of Management and Prin. L. N. Welingkar Institute of Management Development and Research Mumbai are the top Tier 1 MBA colleges in Mumbai.
- Top MBA Colleges in Mumbai (All): Highlights 2025
- Top MBA Colleges in Mumbai (All): NIRF Ranking 2025
- 2.1 Top MBA Colleges in Mumbai: Business Today 2024
- Top MBA Colleges in Mumbai (All): Admissions 2025
- Top MBA Colleges in Mumbai (All): Exams Schedule 2025
- 4.1 Which are the top MBA exams accepted by top MBA Colleges in Mumbai (All)?
- Top Private MBA Colleges in Mumbai
- Top Government MBA Colleges in Mumbai
- Highest Salary Offered by Top MBA Colleges in Mumbai (All)
- Top Recruiters for MBA Graduates in Mumbai (All)
- Top Specialisations Offered by Best MBA Colleges in Mumbai (All)
- Top MBA Colleges in Mumbai (All): Comparison 2025
Top MBA Colleges in Mumbai (All): Highlights 2025
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 table below shows the key highlights of top MBA colleges in Mumbai (All):
| Parameters |
Statistics |
|---|---|
| No. of top MBA Colleges |
5 colleges |
| Annual Fees |
INR > 5 lakh: 5 colleges |
| Top Specialisations |
Finance, Supply Chain, Sales and Marketing, Operations, Human Resources, IT & Systems, etc. |
| Accepted entrance exam |
Disclaimer: This information is sourced from the official website and may vary.
Predict your chances here: MBA Cutoff Predictor
Top MBA Colleges in Mumbai (All): NIRF Ranking 2025
The NIRF, or the National Institutional Ranking Framework, is a ranking body established by the Ministry of Education to annually rank colleges, universities, and institutions in India based on various parameters, including faculty, infrastructure, and placements. Students can take a look at the table below for the NIRF 2025 ranks of the best MBA colleges in Mumbai:
| College Name |
NIRF 2023 |
NIRF 2024 |
NIRF 2025 |
|---|---|---|---|
| 7 |
6 |
6 |
|
| 10 |
10 |
14 |
|
| 20 |
20 |
20 |
|
| SVKM's Narsee Monjee Institute of Management Studies Ranking |
21 |
21 |
24 |
| 45 |
63 |
65 |
|
| PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking |
73 |
84 |
75 |
Disclaimer: This information is sourced from the official website of the ranking body and may vary.
Top MBA Colleges in Mumbai: Business Today 2024
Listed below are the top MBA colleges in Mumbai according to Business Today ranking for the year 2024:
Disclaimer: This information is sourced from the official website of the ranking body and may vary.
Also Read: MBA Courses
Top MBA Colleges in Mumbai (All): Admissions 2025
The eligibility criteria for the MBA courses may differ from college to college. However, the basic eligibility criteria for top MBA college in Mumbai are as follows:
- Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
- Most of the institutes follow the minimum score criteria for graduation which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
- 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.
Disclaimer: This information is sourced from the official website and may vary.
Top MBA Colleges in Mumbai (All): Exams Schedule 2025
The most popular entrance exams accepted by top MBA colleges in Mumbai (All) are mentioned below:
- 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.
Listed below are the schedule of the above-mentioned entrance exams for admission to top 50 MBA colleges in India Mumbai:
| Exam Name | Exam Dates | Exam Schedule |
|---|---|---|
| CAT | To Be Announced | CAT Schedule |
| XAT | Over for '25 | XAT Schedule |
| CMAT | Over for '25 | CMAT Schedule |
| GMAT | Anytime | GMAT Schedule |
| NMAT | To Be Announced | NMAT Schedule |
| ATMA | Over for '25 | ATMA Schedule |
| MAH CET | 01 Apr ' 25 - 03 Apr ' 25 | MAH CET Schedule |
Disclaimer: This information is sourced from the official website and may vary.
Preparing for CAT 2025?
- Click to practice Q&A for Verbal Ability and Q&A for Quantitative Aptitude.
- Click to practice Q&A for Data Interpretation and Logical Reasoning
Also read about CAT, MAT, and CMAT mock tests series:
- Download CAT Previous Years Question Papers
- Free Online CAT Mock Test Series
- Free Online CMAT Mock Test Series
- Free Online MAT Mock Test Series
Which are the top 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:
Also Read: MBA Courses
Top Private MBA Colleges in Mumbai
The table below shows the top private MBA colleges in Mumbai along with their total tuition fee and NIRF ranking for the year 2025:
| College Name |
Total Tuition Fee |
NIRF 2025 |
|---|---|---|
| INR 24 lakh |
20 | |
| INR 21.34 lakh |
65 | |
| Prin. L N Welingkar Institute of Management Development and Research Admission |
INR 14 lakh |
75 |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
Top Government MBA Colleges in Mumbai
Given below are the top 10 government MBA colleges in Mumbai with their tuition fee and their NIRF ranking 2025:
| College Name | Tuition Fee | NIRF 2025 |
|---|---|---|
| Indian Institute of Management Mumbai Admission | INR 14 lakh | 6 |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
Also Read: MBA Admission 2025
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 table below shows the top MBA colleges in Mumbai (All) along with their total tuition fees and average placement package:
| College Name |
Total Tuition Fee |
Annual Median Package |
|---|---|---|
| INR 24 lakh |
INR 30 LPA |
|
| Pravin Dalal School of Entrepreneurship and Family Business Management NMIMS Mumbai MBA |
INR 22.90 lakh |
INR 21.35 LPA |
| Principal L N Welingkar Institute of Management Development and Research MBA |
INR 14 lakh |
INR 10 LPA |
Disclaimer: This information is sourced from official website/ media reports/ NIRF website and may vary.
Read more about MBA colleges in other locations:
- 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 packages:
| College Name |
Average Placement Package | Top Recruiters |
|---|---|---|
| INR 30 LPA | Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
|
| Principal L N Welingkar Institute of Management Development and Research Placement |
INR 10 LPA | Accenture, Mahindra, PwC, Wipro, Reliance, Pidilite |
| Pravin Dalal School of Entrepreneurship and Family Business Management Navi Mumbai Placement |
INR 21.35 LPA | American Express, Barclays, ICICI Bank, Yes Bank |
Disclaimer: This information is sourced from official website/ media reports/ NIRF website and may vary.
Top Specialisations Offered by Best 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:
To check the comparison between the top B schools in Mumbai, click the link below:
1. Indian Institute of Management Mumbai
Commonly asked questions On Top MBA Colleges in Mumbai (All): Ranking 2025, Fees, Admissions, Courses, Placements
Mumbai is home to 5 top MBA colleges in Mumbai (All) and out of these 3 colleges are owned privately and one is owned by the government. Admissions to the best MBA colleges in Mumbai (All) are done on the basis of CAT, XAT, CMAT, GMAT, NMAT, ATMA and MAH CET. Indian Institute of Management Mumbai, S.P. Jain Institute of Management and Research Mumbai, Pravin Dalal School of Entrepreneurship and Family Business Mumbai, K J Somaya Institute of Management and Prin. L. N. Welingkar Institute of Management Development and Research Mumbai are the top Tier 1 MBA colleges in Mumbai.
Students can learn more about the NIRF rankings of the top-ranked MBA colleges in Mumbai using the table provided below:
College Name | NIRF 2023 | NIRF 2024 | NIRF 2025 |
|---|---|---|---|
7 | 6 | 6 | |
10 | 10 | 14 | |
20 | 20 | 20 | |
SVKM's Narsee Monjee Institute of Management Studies Ranking | 21 | 21 | 24 |
45 | 63 | 65 | |
PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking | 73 | 84 | 75 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Hi, listed below are the top MBA colleges in Mumbai according to Business Today 2024:
| College Name | Business Today 2024 |
|---|---|
| S.P. Jain Institute of Management and Research Mumbai | 3 |
| NMIMS School of Business Management Mumbai | 8 |
| Jamnalal Bajaj Institute of Management Studies | 20 |
| K J Somaiya Institute of Management | 25 |
| SIMSREE | 34 |
| SIES College of Management Studies | 55 |
| ITM Business School Navi Mumbai | 57 |
| N.L. Dalmia Institute of Management Studies and Research | 72 |
| Universal AI University | 80 |
Hope this helps!
2. Shailesh J. Mehta School of Management, IIT Bombay
Commonly asked questions On Top MBA Colleges in Mumbai (All): Ranking 2025, Fees, Admissions, Courses, Placements
Hi, given below are the top MBA colleges in Mumbai according to Times for the year 2024:
| College Name | Times 2024 |
|---|---|
| S.P. Jain Institute of Management and Research Mumbai | 4 |
| N.L. Dalmia Institute of Management Studies and Research | 23 |
| SIES College of Management Studies | 24 |
| Universal AI University | 25 |
| Amity University Mumbai | 26 |
| MET Institute of Management | 28 |
| Chetana's Institute of Management and Research | 33 |
| MET Institute of Post Graduate Diploma in Management | 33 |
| NAEMD | 36 |
Hi, listed below are the top MBA colleges in Mumbai according to Outlook 2024:
| College Name | Outlook 2024 |
|---|---|
| Jamnalal Bajaj Institute of Management Studies | 10 |
Hope this helps!
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 table below shows the top MBA colleges in Mumbai (All) along with their total tuition fees and average placement package:
College Name | Total Tuition Fee | Annual Median Package |
|---|---|---|
S P Jain Institute of Management & Research MBA | INR 24 lakh | INR 30 LPA |
Pravin Dalal School of Entrepreneurship and Family Business Management NMIMS Mumbai MBA | INR 22.90 lakh | INR 21.35 LPA |
Principal L N Welingkar Institute of Management Development and Research MBA | INR 14 lakh | INR 10 LPA |
Hope this solved your query!
The table below shows the top MBA colleges in Mumbai (All) along with their placement package offered to their graduates and the prominent recruiters:
College Name | Average Placement Package | Top Recruiters |
|---|---|---|
S. P. Jain Institute of Management & Research Placement | INR 30 LPA | Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
Principal L N Welingkar Institute of Management Development and Research Placement | INR 10 LPA | Accenture, Mahindra, PwC, Wipro, Reliance, Pidilite |
Pravin Dalal School of Entrepreneurship and Family Business Management Navi Mumbai Placement | INR 21.35 LPA | American Express, Barclays, ICICI Bank, Yes Bank |
Disclaimer: This information is sourced from official website/ media reports/ NIRF website and may vary.
3. S.P. Jain Institute of Management and Research, Mumbai
Commonly asked questions On Top MBA Colleges in Mumbai (All): Ranking 2025, Fees, Admissions, Courses, Placements
Hi, the table below shows the top private MBA colleges in Mumbai along with their total tuition fee and NIRF ranking for the year 2024:
College Name | Total Tuition Fee | NIRF 2024 |
|---|---|---|
S. P. Jain Institute of Management & Research Admission | INR 24 lakh | 20 |
K J Somaiya Institute of Management Admission | INR 21.34 lakh | 63 |
Principal L N Welingkar Institute of Management Development and Research Admission | INR 14 lakh | 84 |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
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 eligibility criteria for MBA is Graduation. However, many colleges prescribe minimum marks in aggregate in Graduation (50 percent for General and 45 percent for SC/ST candidates) or equivalent from a recognised university. Students need to appear in entrance exams like CAT, MAT, XAT, NMAT, and CMAT and get a valid score to ensure their entry into good management colleges. Also, they need to clear Group Discussions/ Personal Interviews (GD/PI) to secure their seat. They can opt for the college of their choice and complete the admission process.
4. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
5. K J Somaiya Institute of Management
6. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Other popular MBA/PGDM colleges in Mumbai (All)
#93 Business Today
Confused about which college or exam to opt for?
Chat with our counsellor.
Get your personalised list of colleges & exams.