Top MBA Colleges in Mumbai 2025: Specializations, Fee & Placement
Top MBA Colleges in Mumbai 2025: The financial capital of India, Mumbai, has a list of Top MBA colleges for candidates looking for admission in specializations such as finance, human resources, marketing and many more. In Mumbai180+ top MBA colleges for students and have options to choose from government to private universities, institutions or colleges.
Government colleges like Jamnalal Bajaj Institute of Management Studies (JBIMS), Sydenham Institute of Management Studies, etc, offer MBA education at low cost. Their fees range from INR 1 lakh to INR 10 lakhs per year.
Mumbai has around 130 private colleges offering the best-in-class education in management specialization. Colleges like IIM Mumbai, NMIMS, and SPJIMR are known for their great learning facilities and best-in-class faculty. Fees for the MBA programs in Mumbai colleges are in the range of INR 1 lakh to INR 25 lakh.
Students who completed their bachelor’s in BBA and are planning for the Master’s programme in specializations like financing, HR, Product management or any of the numerous options available need to appear in the entrance exams. Candidates can take national or state-level exams to gain admission to top MBA colleges in Mumbai, such as CAT, MAH CET, XAT, NMAT, CMAT, and more. The process starts with the release of the application form for these entrance exams, which is generally in the months of August to November.
Top MBA Colleges In Mumbai Latest Updates:
- NMAT registration 2025 will be announced for admission to MBA/PGDM program for the session 2026-28. Students can register starting on 10 October 2025, the NMAT 2025 exam will be declared from 5 November to 19 December 2025.
CAT registration 2025 was declared from August 1 to September 13, 2025, for MBA/PGDM admission. The CAT exam will be held on November 30, 2025, on the official website.
Top MBA Colleges In Mumbai Highlights 2025
Candidates must read the following table containing important highlights of the best MBA colleges in Mumbai while choosing their preferred institute.
Category | Details |
Number of Top MBA Colleges | Over 120 MBA colleges in Mumbai |
Best MBA Colleges | SPJIMR, IIM Mumbai (NITIE), JBIMS, NMIMS, SJMSOM (IIT Bombay), K J Somaiya, Welingkar |
Top Government MBA Colleges | IIM Mumbai (NITIE), JBIMS, SJMSOM (IIT Bombay), SIMSREE, Alkesh Dinesh Mody (Mumbai Univ.) |
Top Private MBA Colleges | SPJIMR, NMIMS, K J Somaiya, Welingkar, SIES College of Management, ITM Navi Mumbai |
Top Distance MBA Colleges | University of Mumbai (IDOL), NMIMS Global Access, Welingkar (WeSchool), IGNOU Mumbai |
Best Online MBA Colleges | NMIMS Online, Welingkar Online, Amity Online, Jain Online (Mumbai campus) |
Top MBA Specialisations | Finance, Marketing, Human Resource Management, Operations, Business Analytics, IT, International Business |
Accepted Entrance Exams | CAT, XAT, MAH CET, NMAT, CMAT, MAT, ATMA |
Number of IIMs in Mumbai | 1 (IIM Mumbai, formerly NITIE Mumbai) |
Fee Range (Top Colleges) | INR 1 lakh (government) to INR 25 lakh (top private colleges like SPJIMR Mumbai) |
Top MBA Colleges In Mumbai NIRF Ranking
The best MBA colleges in Mumbai like IIM Mumbai, IIT Bombay, S.P. Jain, KJ Somaiya, NMIMS, etc., consistently get placed higher in the NIRF ranking for their MBA programs. Refer to the list below to check some more NIRF rankings of the MBA colleges in Mumbai:
College Name | NIRF Rank 2022 | NIRF Rank 2023 | NIRF Rank 2024 |
IIM Mumbai (formerly NITIE Mumbai) | 9 | 7 | 6 |
Indian Institute of Technology Bombay | 11 | 10 | 10 |
S. P. Jain Institute of Management and Research | 21 | 20 | 20 |
SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) | 25 | 21 | 21 |
K J Somaiya Institute of Management Studies and Research | 71 | 45 | 63 |
Prin. L. N. Welingkar Institute of Management Development & Research | 68 | 73 | 84 |
Top 10 MBA Colleges In Mumbai Ranking 2025
Here is a list of the top 10 MBA colleges in Mumbai on the basis of rankings given by the Times. MBA colleges like SPJIMR, TISS Mumbai, IIM, and KJ Somaiya are usually placed at the top of the list.
Rank | College Name | Average Package (INR LPA) | Total Fees (INR ) | Entrance Exams Accepted |
1 | SPJIMR Mumbai (SP Jain Institute of Management & Research) | 31.5 | 22.5 lakh | CAT, XAT, GMAT |
2 | IIM Mumbai (formerly NITIE Mumbai) | 33 | 21 lakh | CAT |
3 | TISS Mumbai (Tata Institute of Social Sciences) | 28.5 (HRM & LR program) | 1.85 lakh | CAT, CUET PG |
4 | JBIMS Mumbai (Jamnalal Bajaj Institute of Management Studies) | 29.35 | 4 lakh | MAH CET, CAT, CMAT, XAT, MAT, ATMA |
5 | SJMSOM, IIT Bombay (Shailesh J. Mehta School of Management) | 28 | 14.27 lakh | CAT |
6 | SPJSGM Mumbai (SP Jain School of Global Management) | 36.29 | 22 lakh | GMAT, GRE, CAT, SPJAT |
7 | BITSoM Mumbai | 23.41 | 25 lakh | CAT, GMAT, GRE |
8 | K J Somaiya Institute of Management, Mumbai | 12 | 22.32 lakh | CAT, XAT, CMAT, NMAT, GMAT, MAH CET |
9 | SDA Bocconi Asia Center, Mumbai | 15.01 | 20.75 lakh | CAT, XAT, GMAT, NMAT, GRE |
10 | IIM Indore Mumbai Campus | 25.68 | 24 lakh | CAT |
Top MBA Colleges In Mumbai Eligibility
Students who are eligible to take admission in an MBA program at top MBA colleges in Mumbai must complete their graduation. General students need a minimum of 50% marks in a graduation degree and there is some relaxation in marks for reserved category students. Students should note that these minimum marks may vary depending on the admission policy of each institute.
Students are also required to qualify for the MBA entrance exams to be offered admission. Each college can have a different entrance exam whose score they consider for admission. For example, top colleges like IIMs consider CAT scores, whereas NMIMS considers the score of NMAT which is their own entrance exam. Applicants might also need to qualify in further admission processes like interviews and group discussions to secure admission.
Top MBA Colleges In Mumbai Admissions 2025
To secure admission into the best MBA colleges in Mumbai, like SPJIMR, NMIMS, IIM and more, applicants will have to follow the steps listed below:
Step 1: The candidate must first choose the entrance exam whose score will be accepted by their target college.
Step 2: Complete the application process for the entrance exam and prepare for it.
Step 3: Visit the official website of the target college or institute and apply. The deadline for applying can either fall before the entrance exam or after it, so students must be aware of the deadline dates.
Step 4: Upon qualifying in the entrance exams, participate in the counseling and seat allocation process.
Step 5: Provide the required original documents to the college.
Step 5: Pay the seat acceptance fee (SAF) and the course fee to confirm admission.
Top MBA Colleges In Mumbai Specializations
All the top MBA colleges in Mumbai provide the popular MBA specializations like finance, international business, human resources, marketing, business analytics, etc. Refer to the table below to check the colleges and the specializations offered by them:
College Name | Key MBA Specializations Offered |
IIM Mumbai | Operations, Supply Chain, Business Analytics, Sustainability, Industrial Management |
SP Jain Institute of Management & Research (SPJIMR) | Finance, Marketing, Operations, Information Management, Human Resources, Business Analytics |
NMIMS School of Business Management | Finance, Marketing, Human Resources, Operations, Business Analytics, IT & Systems |
Jamnalal Bajaj Institute of Management Studies (JBIMS) | Finance, Marketing, Human Resources, Operations, Systems |
K J Somaiya Institute of Management | Finance, Marketing, Human Resources, Operations, Business Analytics, International Business, Healthcare Management |
Welingkar Institute of Management | Marketing, Finance, Human Resources, Operations, Business Analytics, Retail, Rural Management, E-Business |
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay | General Management, Operations, Finance, Marketing, IT, Analytics |
Ratan Tata Maharashtra State Skills University (MSSU), Navi Mumbai | Business Analytics, Financial Management, Innovation & New Venture Management, New Age Marketing |
Top MBA Colleges In Mumbai Entrance Exam 2025
There are various entrance exams in India that are conducted for admissions into MBA programs. Some of the most popular exams include CAT, CMAT, XAT, MAH, MBA CET and more. Candidates must choose the exam they wish to give on the basis of their preferred college.
Exam Schedule 2025
Given below is a detailed table of different exams and their important dates, including registration, exam, and result dates:
Exam Name | Registration Dates | Exam Date(s) | Result Date (Expected) | Accepted By (Top Mumbai Colleges) |
CAT 2025 | August – September 2025 | 30 November 2025 | December 2025 | IIM Mumbai, SPJIMR, SJMSOM-IIT Bombay, K J Somaiya, Welingkar, SIMSREE, JBIMS |
MAH MBA CET | Registration Closed for January – February 2025 | Exam Over for April 2025 | April 2025 | JBIMS, SIMSREE, K J Somaiya, Welingkar, PUMBA, others |
NMAT 2025 | August – November 2025 | November – December 2025 (window) | January 2026 | NMIMS Mumbai, K J Somaiya, Welingkar |
XAT 2026 | August –December, 2025 | 4 January 2026 | January 2026 | SPJIMR, XIMR, Welingkar, K J Somaiya |
MAT 2025 | Registration Closed for July 2025 | Exam Over for July 2025 | August 2025 | Welingkar, IES, Chetana’s, MET Mumbai, others |
SNAP 2025 | August – November 2025 | 7, 14, 21 December 2025 | January 2026 | SIBM Mumbai |
Top MBA Colleges Accepting CAT Scores In Mumbai
The CAT exam is one of the most recognized national entrance exams for MBA admissions. Majority of the top colleges in India consider its score to grant admission into their MBA degree. Refer to the table below for the best MBA colleges that accept the CAT score in Mumbai:
College Name | Type | Expected CAT Cutoff % |
IIM Mumbai | Government | 97–98 |
SP Jain Institute of Management & Research (SPJIMR) | Private | 95–98 |
K J Somaiya Institute of Management | Private | 85–90 |
NMIMS School of Business Management | Private | 90+ (main exam is NMAT, but CAT scores accepted for some programs) |
Welingkar Institute of Management | Private | 80–85 |
Sydenham Institute of Management Studies (SIMSREE) | Government | 90+ (primarily MAH CET, but CAT accepted) |
Top Private MBA Colleges In Mumbai
Those students who are looking for admission into the top private MBA colleges in Mumbai have the option to choose from around 130 colleges. Some of them include SP Jain, Welingkar, NMIMS and many more.
College Name | Location | Approximate Fees (Total) | Entrance Exams Accepted |
S.P. Jain Institute of Management and Research (SPJIMR) | Andheri West, Mumbai | INR 24 lakh | CAT, XAT, GMAT |
K J Somaiya Institute of Management | Vidyavihar, Mumbai | INR 21.3 lakh | CAT, XAT, CMAT, NMAT, GMAT, MAH CET |
Prin. L. N. Welingkar Institute of Management (WeSchool) | Matunga, Mumbai | INR 14 lakh | CAT, XAT, CMAT, MAH CET, ATMA |
NMIMS School of Business Management | Vile Parle, Mumbai | INR 24 lakh | NMAT |
Top Government MBA Colleges In Mumbai
The best government MBA colleges in Mumbai, there are fewer options to choose from as compared to private colleges. Among them, IIM Mumbai is considered one of the best colleges for MBA programs details of other institutes are given below:
College Name | Entrance Exam Accepted | Approx. Tuition Fees (INR ) |
IIM Mumbai | CAT | INR 12.6 lakh–INR 25 lakh |
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay | CAT | INR 14 lakh |
Jamnalal Bajaj Institute of Management Studies (JBIMS) | MAH CET, CAT, CMAT, MAT, XAT, ATMA | INR 6 lakh |
Sydenham Institute of Management Studies (SIMSREE) | MAH CET, CAT, CMAT, XAT | INR 1.38 lakh–INR 2 lakh |
Alkesh Dinesh Mody Institute for Financial and Management Studies | MAH CET, CAT, CMAT, XAT | INR 17,000 – INR 1 lakh |
University of Mumbai (IDOL) | MAH CET | INR 17,000 – INR 7.5 lakh |
Top Distance MBA Colleges In Mumbai
Universities and colleges like the Institute of Distance and Open Learning (IDOL), University of Mumbai, Amity University, XIBMS and more provide distance MBA courses, making the degree accessible to students.
College Name | Type | Approx. Total Fee (INR) | Specializations Offered |
Dr. D.Y. Patil University (DYPU), Mumbai | Private University | INR 1,89,000 | General, Banking & Finance Management, IT & Systems Management, Executive, Business Analytics |
Institute of Distance and Open Learning (IDOL), University of Mumbai | Government University | INR 19,000 –INR 1,00,000 | General Management, Finance, Marketing, Human Resource Management, Operations |
Welingkar Institute of Management, Mumbai | Private Institute | INR 1,20,000 for 2 years) | Marketing, Finance, Human Resources, Operations, Supply Chain Management, Retail Management |
Xaviers Institute of Business Management Studies (XIBMS), Mumbai | Private Institute | INR 60,900 (Online) | Marketing, Finance, HR, Operations, International Business, etc. |
Amity University, Mumbai (Online/Distance) | Private University | INR 1,50,000 – INR 2,00,000 | Marketing, HR, Finance, International Business, Operations, IT, Data Science, Digital Marketing, etc. |
K. C. College of Management Studies, Mumbai | Private College | INR 8,000 | General Management |
IIBMS, Mumbai | Private Institute | INR 41,000 – INR 81,000 | General, Marketing, Finance, HR, Operations, International Business, etc. |
Mumbai College of Hotel Management and Catering Technology | Private College | INR 1,00,000 | Hospitality Management, General Management |
Top Integrated MBA Colleges In Mumbai
Applicants looking for admission to the 5-year integrated MBA program (BBA+MBA) can check the following list to choose their college:
College Name | Program Offered | Entrance Exam | Approx. Fee (Total) |
University of Mumbai, Thane Sub Campus | Integrated BMS-MBA (5 years) | MUCMET | INR 1.69 Lakh |
NMIMS (Narsee Monjee Institute of Management Studies) | Integrated BBA-MBA (5 years) | NPAT | INR 44 Lakh |
Universal Business School, Mumbai | BBA+MBA (5 years) | Universal AI University Aptitude Test (UAiAT) | INR 22 Lakh |
Top MBA Colleges In Mumbai Fee Structure 2025
Top private colleges like SPJIMR, NMIMS, KJ Somaiya, etc., have higher total MBA fees, which are around 18-25 lakhs for the 2-year MBA degree. Here are some more colleges and their fee structures:
College Name | Type | Total Fees (Approx.) | Program Duration | Entrance Exams Accepted |
SPJIMR Mumbai | Private | INR 18–24 lakh | 2 years | CAT, XAT, GMAT |
IIM Mumbai | Government | INR 21 lakh | 2 years | CAT |
SJMSOM, IIT Bombay | Government | INR 14.77 lakh | 2 years | CAT |
NMIMS Mumbai | Private | INR 8–24 lakh | 2 years | NMAT |
JBIMS Mumbai | Government | INR 7 lakh | 2 years | MAH-CET, CAT, CMAT, MAT, ATMA |
SIES College of Management Studies | Private | INR 5–7 lakh | 2 years | CAT, XAT, CMAT, MAT, MAH-CET |
K. J. Somaiya Institute of Management | Private | INR 15–18 lakh | 2 years | CAT, XAT, CMAT, NMAT, MAH-CET |
Welingkar Institute of Management (WeSchool) | Private | INR 6.5–7 lakh | 2 years | CAT, XAT, CMAT, ATMA, MAH-CET |
SIMSREE Mumbai | Government | INR 1.38 lakh | 2 years | MAH-CET, CAT, CMAT, MAT, ATMA |
Mumbai University | Government | INR 65,000 | 2 years | MAH-CET, CAT, CMAT, MAT, ATMA |
Low-Cost Top MBA Colleges In Mumbai
Government-owned colleges generally charge lower fees compared to private colleges and universities. Below is a table of top MBA colleges in Mumbai with low fees and the entrance exams accepted by them:
College Name | Type | Approx. Fees (Total) | Entrance Exams Accepted |
TISS Mumbai (Tata Institute of Social Sciences) | Government | INR 1,85,000 | CUET PG, CAT |
JBIMS Mumbai (Jamnalal Bajaj Institute of Management Studies) | Government | INR 7,00,000 | CAT, MAH-CET, CMAT, ATMA, MAT |
SIMSREE Mumbai (Sydenham Institute of Management Studies) | Government | INR 1,38,000 | MAH-CET, CAT, CMAT, MAT, ATMA |
Mumbai University | Government | INR 17,630 to INR 7.31 lakh | MAH-CET, CAT, CMAT, MAT, ATMA |
Welingkar Institute of Management, Mumbai | Private | INR 94,000-INR 14 Lakh | CAT, XAT, CMAT, ATMA, MAH-CET |
K. C. College of Management Studies, Mumbai | Private | INR 4 Lakh | CAT, MAT, XAT, CMAT, or MAH CET |
National Academy of Management Studies, Mumbai | Private | INR 59,000 | No mandatory entrance exam |
Kaizen School of Business Management, Mumbai | Private | INR 39,900 | CAT, MAT, XAT, CMAT, GMAT, and ATMA, as well as their own KSBM Entrance Test. |
Top MBA Colleges In Mumbai Placements
Here is the detailed table of the top MBA colleges in Mumbai along with their placement percentage and recruiters:
College Name | Placement % (Approx.) | Top Recruiters |
IIM Mumbai | 100% | Microsoft, Accenture, PwC, Blinkit, Amazon, BCG, EY |
SPJIMR (SP Jain Institute of Management & Research) | 100% | Castrol, KPMG, Barclays, Godrej, BCG, HUL, Accenture, Deloitte |
NMIMS (Narsee Monjee Institute of Management Studies) | 100% | Aditya Birla, EY, Capgemini, Deloitte, ICICI, KPMG, Amazon |
JBIMS (Jamnalal Bajaj Institute of Management Studies) | 100% | Accenture, Deloitte, EY, PwC, Capgemini, ICICI, HUL |
K. J. Somaiya Institute of Management | 98–100% | ITC, Airtel, Amazon, PwC, Hindustan Unilever, LG Electronics |
Welingkar Institute of Management (WeSchool) | 98–100% | Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley |
SIES College of Management Studies | 98–100% | Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra |
Top MBA Colleges In Mumbai Salary
Graduates from the top MBA colleges (IIM, SPJIMR, JBIMS, IIT Bombay, and more) in Mumbai are generally offered good salaries. The average salary offered in the top institutes is between INR 25 lakh and INR 30 lakh.
College Name | Average Salary (INR ) | Highest Salary (INR ) | Top Recruiters |
SPJIMR (SP Jain Institute of Management & Research) | 30–31.5 LPA | 81 LPA | Castrol, KPMG, Barclays, Godrej, etc. |
IIM Mumbai | 33 LPA | 54 LPA | Microsoft, Accenture, PwC, Blinkit, etc. |
JBIMS (Jamnalal Bajaj Institute of Management Studies) | 29.35 LPA | 87.12 LPA | Accenture, Deloitte, EY, PwC, Capgemini, ICICI, HUL, etc. |
NMIMS (Narsee Monjee Institute of Management Studies) | 20 LPA | 67.7 LPA | Aditya Birla, EY, Capgemini, Deloitte, ICICI, KPMG, etc. |
SJMSOM, IIT Bombay | 28 LPA | 72 LPA | Google, Amazon, Accenture, PwC, Boston Consulting, etc. |
K. J. Somaiya Institute of Management | 12 LPA | 28 LPA | ITC, Airtel, Amazon, PwC, Hindustan Unilever, LG Electronics |
Welingkar Institute of Management | 10 LPA | 40 LPA | Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc. |
TISS Mumbai (HRM & Labour Relations) | 8.98 LPA | 49 LPA | Accenture, Asian Paints, ITC, Deloitte, HUL, etc. |
SIES College of Management Studies | 9.1 LPA | 24 LPA | Deloitte, EY, PwC, ICICI, HDFC, Capgemini, etc. |
Sydenham Institute of Management Studies (SIMSREE) | 15.24 LPA | 26.3 LPA | Accenture, Deloitte, HUL, ICICI, Capgemini, etc. |
