Top MBA Colleges in Mumbai 2026: Fees, Admissions, Ranking, Placements

About 5 MBA colleges are there in Mumbai. 3 are private colleges and 2 are government colleges. Top entrance exams are CAT, XAT, CMAT, etc. Some of the top MBA colleges in Mumbai are Indian Institute of Management, S.P. Jain Institute of Management and Research, NMIMS, K J Somaiya Institute of Management, and Prin. L. N. Welingkar Institute of Management Development and Research. 

Top MBA Colleges in Mumbai: Highlights

Candidates can see the table below for important highlights:

Parameters	Details
Number of MBA Colleges	5 colleges
Annual Fees	More than INR 5 Lakh: 5 colleges
Top MBA Institutes in Mumbai	IIM Mumbai, SDA Bocconi Asia Center, SP Jain Institute of Management and Research, NMIMS School of Business Management, KJ Somaiya Institute of Management, Welingkar Mumbai, etc.
Top Specialisations	Finance, Human Resources, Sales and Marketing, Supply Chain, etc.
Accepted Entrance Exams	CAT, XAT, CMAT, ATMA, MAH CET, etc.

Source: Official site and can change.  

Top MBA Colleges in Mumbai: NIRF Ranking 2025

Candidates can see the table below for the top MBA colleges in Mumbai with NIRF ranking. 

College Name	NIRF 2023	NIRF 2024	NIRF 2025
Indian Institute of Management, Mumbai Ranking	7	6	6
Indian Institute of Technology Bombay Ranking	10	10	14
S. P. Jain Institute of Management & Research Ranking	20	20	20
SVKM's Narsee Monjee Institute of Management Studies Ranking	21	21	24
K. J. Somaiya Institute of Management Ranking	45	63	65
PRIN. L. N. Welingkar Institute of Management Development and Research (PGDM) Ranking	73	84	75

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Times 2025

Candidates can see the table below for top MBA colleges in Mumbai with the Times ranking. Of these, SIES, MET IOM, and DSIMS also stand out as the top MMS colleges of Mumbai. 

College Name	Times 2025 Rank
SP Jain Institute of Management and Research, Mumbai	2
N.L. Dalmia Institute of Management Studies and Research	23
SIES College of Management Studies	24
Universal AI University	25
Amity University Mumbai	25
MET Institute of Post Graduate Diploma in Management	33
Chetana's Institute of Management and Research	33
Durgadevi Saraf Institute of Management Studies	36
Durgadevi Saraf Global Business School	43

Source: Official site and may vary.

Top MBA Colleges in Mumbai with Business Today Ranking 2024

Candidates can see the table below for the top MBA colleges in Mumbai with the Business Today ranking:

Top Colleges	Business Today Rankings 2024
Jamnalal Mumbai	3
NMIMS School of Business Management Mumbai	8
Jamnalal Bajaj Institute of Management Studies	20
KJ Somaiya Institute of Management	25
SIMSREE	34

Source: Official site and may vary.

READ MORE: MBA Courses

Top MBA Colleges in Mumbai: Admissions 2026

Candidates can see the eligibility here:

• Completed a UG degree with a minimum of 45 - 50% aggregate marks
• Must clear an entrance exam like MAT, MAHCET, etc.
• Appear in counselling.

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Entrance Schedule 2026

Candidates can see the table below for the entrance exams with the schedule and syllabus:

Exam Name	Exam Schedule	Exam Syllabus
MAH CET	MAH CET Schedule	MAH CET Syllabus
CAT	CAT Schedule	CAT Syllabus
XAT	XAT Schedule	XAT Syllabus
CMAT	CMAT Schedule	CMAT Syllabus
ATMA	ATMA Schedule	ATMA Syllabus

Source: Official site and may vary.

Top Private MBA Colleges in Mumbai: Admission, Fees, and Ranks

Candidates can see the table below for the private MBA colleges in Mumbai:

College Name	Average Course Fees	NIRF 2025 Rank
SPJIMR Admission	INR 24 Lakh	20
KJ Somaiya Institute of Management Admission	INR 21.34 Lakh	65
Prin. L. N. Welingkar Institute of Management Development and Research Admission	INR 14 Lakh	75

Source: Official site and may vary.

Top Government MBA Colleges in Mumbai: Admission, Fees, and Rank

Candidates can see the table below for the government MBA colleges in Mumbai:

College Name	Average Course Fees	NIRF 2025 Rank
IIM Mumbai Admission	INR 14 Lakh	6

Source: Official site and may vary.

To learn more about MBA colleges in different locations, click on the link given below:

• Top MBA Colleges in Pune
• Top MBA Colleges in Nagpur
• Top MBA Colleges in Maharashtra
• Top MBA Colleges in Uttar Pradesh

Top MBA Colleges in Mumbai: Courses and Fees

The table has info for the MBA colleges in Mumbai with courses and fees:

College Names	Courses Offered	Average Course Fees
SDA Bocconi Asia Center	MBA/PGDM, Executive MBA/PGDM, etc.	INR 21 Lakh
SPJIMR Mumbai	Online PGDM, PGPM, PGPGM, etc.	INR 24 Lakh
K J Somaiya Institute of Management	MBA in Healthcare Management, MBA in Sports Management, etc.	INR 17 Lakh
Welingkar Mumbai	PGDM in Finance Management, PGDM in HRM, PGDM in Healthcare Management, etc.	INR 14 Lakh

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Fees VS Salary

Candidates can see the table below for MBA colleges in Mumbai with fees and salary:

College Names	Average Course Fees	Average Placement Package
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai MBA	INR 22.90 Lakh	INR 20.00 Lakh
K J Somaiya Institute of Management MBA	INR  21.34 Lakh	INR 12.00 Lakh
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai MBA	INR 14.00 Lakh	INR 10.00 Lakh

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Placement and Top Recruiters

Candidates can see the table below for MBA colleges in Mumbai with placements:

College Names	Average Placement Package	Top Recruiters
K J Somaiya Institute of Management Placement	INR 12.00 Lakh	ITC, Marsh, GEP, Deloitte, Gartner, Tata Capital, JP Morgan, etc.
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai Placement	INR 10.00 Lakh	Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai Placement	INR 20.00 Lakh	---

Source: Official site and may vary.

Cost of Studying at Top MBA Colleges in Mumbai

Candidates can see the table below:

Average Course Fees Range	No. of Colleges	College Names
More than INR 5 Lakh	5 colleges	IIM Mumbai, SP Jain Institute of Management and Research, NMIMS School of Business Management, etc.

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Top Specialisations

Candidates can see the table below for the top specialisations:

Top Specialisations	No. of Colleges	Number of Colleges
Finance	3 college	SPJIMR, K J Somaiya Institute of Management, Welingkar Mumbai, etc.
Sales & Marketing	3 college	K J Somaiya Institute of Management, Welingkar Mumbai, SPJIMR Mumbai, etc.
Operations	2 college	SPJIMR Mumbai, Welingkar Mumbai
Human Resources	2 college	K J Somaiya Institute of Management, Welingkar, Mumbai
IT & Systems	1 college	SPJIMR Mumbai

Source: Official site and may vary.

Top MBA Colleges in Mumbai: Comparison 2025

Candidates can see below the comparison of MBA colleges in Mumbai:

• NMIMS Mumbai Comparison with other colleges
• Indian Institute of Management Mumbai Comparison with other colleges
• SPJIMR Comparison with other colleges with other colleges
• K J Somaiya Institute of Management Comparison with other colleges