Best 10 MBA Colleges in Mumbai 2024 List
The best MBA College in Mumbai is NMIMS School of Business Management, Mumbai.
There are 135+ MBA Colleges in Mumbai including private and government institutions. Out of these 96 of the colleges are private and 11 of the colleges are government.
Key Highlights of Best MBA Colleges in Mumbai (List) 2024
Find below the key highlights of the best MBA colleges in Mumbai (list) below:
| Particulars | Details |
|---|---|
| No. of Colleges | The Total No.of Colleges in Mumbai is 135+ |
| Total MBA/PGDM Fees | |
| Top MBA Specializations | Finance, Sales & Marketing, Human Resource, Business Analytics, etc. |
| Accepted Management Entrance Exams | CAT, MAT, XAT, CMAT, MAH CET, etc. |
List of Best MBA Colleges in Mumbai
In Mumbai there are hundreds of MBA colleges. Here, we have curated the list of the Best B-schools you can aim for, if you are looking for top MBA colleges in Mumbai.
| College | Exams Accepted | Total Tuition Fees | Average Package |
|---|---|---|---|
| NMIMS School of Business Management, Mumbai | NMAT | ₹ 25 L | ₹7 - 19.2 LPA |
| S.P. Jain Institute of Management and Research, Mumbai | CAT, | ₹20.42 - 22.1 L | ₹24.89 - 30.46 LPA |
| NMIMS, Mumbai | NMAT | ₹25 L | ₹19.2 LPA |
| K J Somaiya Institute of Management | MAH CET, CAT, CMAT, XAT, NMAT, | ₹17.29 L | ₹10.25 LPA |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | CAT, CMAT, XAT, ATMA, | ₹94.4 K - 14 L | ₹9 LPA |
| N.L. Dalmia Institute of Management Studies and Research | MAH CET, CAT, CMAT, MAT, XAT, ATMA, MHT CET | ₹14.7 L | ₹8 LPA |
| SIES College of Management Studies | CAT, CMAT, MAT, XAT, ATMA, | ₹5.2 - 7 L | ₹7.5 LPA |
| MET, Institute of Management | MAH CET, CAT, CMAT, MAT, XAT, ATMA, | ₹3.88 L | 3.1 |
| Universal AI University | MAH CET, CAT, CMAT, GMAT, CBSE 12th, ISC, Maharashtra HSC, UGAT, SAT India, | ₹8.58 - 41.33 L | ₹8 - 10.77 LPA |
| Chetana`s Institute of Management and Research | MAH CET, CAT, CMAT, MAT, XAT, ATMA, | ₹7.15 - 7.85 L | ₹6.5 LPA |
NMIMS School of Business Management, Mumbai
NMIMS School of Business Management, Mumbai was founded in 1981. NMIMS School of Business Management, Mumbai is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
NMIMS School of Business Management, Mumbai accepts various MBA entrance exams like NMAT.
- Fees: ₹ 25 L
- Average Package: ₹7 - 19.2 LPA
- Highest Package: INR 67.7 LPA
- Ownership type: Pvt
S.P. Jain Institute of Management and Research, Mumbai
S.P. Jain Institute of Management and Research, Mumbai was founded in 1981. S.P. Jain Institute of Management and Research, Mumbai is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
S.P. Jain Institute of Management and Research, Mumbai accepts various MBA entrance exams like CAT, .
- Fees: ₹20.42 - 22.1 L
- Average Package: ₹24.89 - 30.46 LPA
- Highest Package: INR 67.50 LPA
- Ownership type: Pvt
NMIMS, Mumbai
NMIMS, Mumbai was founded in . NMIMS, Mumbai is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
NMIMS, Mumbai accepts various MBA entrance exams like NMAT .
- Fees: ₹25 L
- Average Package: ₹19.2 LPA
- Highest Package: INR 67.80 LPA
- Ownership type: Pvt
K J Somaiya Institute of Management
K J Somaiya Institute of Management was founded in 1981. K J Somaiya Institute of Management is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
K J Somaiya Institute of Management accepts various MBA entrance exams like MAH CET, CAT, CMAT, XAT, NMAT, .
- Fees: ₹17.29 L
- Average Package: ₹10.25 LPA
- Highest Package: INR 25.96 LPA
- Ownership type: Pvt
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai was founded in 1977. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai accepts various MBA entrance exams like CAT, CMAT, XAT, ATMA, .
- Fees: ₹94.4 K - 14 L
- Average Package: ₹9 LPA
- Highest Package: INR 40 LPA
- Ownership type: Pvt
N.L. Dalmia Institute of Management Studies and Research
N.L. Dalmia Institute of Management Studies and Research was founded in 1995. N.L. Dalmia Institute of Management Studies and Research is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
N.L. Dalmia Institute of Management Studies and Research accepts various MBA entrance exams like MAH CET, CAT, CMAT, MAT, XAT, ATMA, MHT CET .
- Fees: ₹14.7 L
- Average Package: ₹8 LPA
- Highest Package: INR 25.50 LPA
- Ownership type: Pvt
SIES College of Management Studies
SIES College of Management Studies was founded in 1995. SIES College of Management Studies is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
SIES College of Management Studies accepts various MBA entrance exams like CAT, CMAT, MAT, XAT, ATMA, .
- Fees: ₹5.2 - 7 L
- Average Package: ₹7.5 LPA
- Highest Package:
- Ownership type: Pvt
MET, Institute of Management
MET, Institute of Management was founded in . MET, Institute of Management is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
MET, Institute of Management accepts various MBA entrance exams like MAH CET, CAT, CMAT, MAT, XAT, ATMA, .
- Fees: ₹3.88 L
- Average Package: 3.1
- Highest Package: INR 15.50 LPA
- Ownership type: Pvt
Universal AI University
Universal AI University was founded in 2009. Universal AI University is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
Universal AI University accepts various MBA entrance exams like MAH CET, CAT, CMAT, GMAT, CBSE 12th, ISC, Maharashtra HSC, UGAT, SAT India, .
- Fees: ₹8.58 - 41.33 L
- Average Package: ₹8 - 10.77 LPA
- Highest Package: INR 22 LPA
- Ownership type: Pvt
Chetana`s Institute of Management and Research
Chetana`s Institute of Management and Research was founded in 1996. Chetana`s Institute of Management and Research is one of the most reputed MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country.
Chetana`s Institute of Management and Research accepts various MBA entrance exams like MAH CET, CAT, CMAT, MAT, XAT, ATMA, .
- Fees: ₹7.15 - 7.85 L
- Average Package: ₹6.5 LPA
- Highest Package:
- Ownership type: Pvt
The 5 Government MBA colleges in Mumbai are
- Shailesh J. Mehta School of Management, IIT Bombay
- University of Mumbai [MU]
- TISS - Tata Institute of Social Sciences, Mumbai
- Indian Institute of Management Mumbai
- BSE Institute Limited, Mumbai
Let us take you to Government MBA colleges
The list of top private MBA colleges in Mumbai are
- NMIMS School of Business Management, Mumbai
- S.P. Jain Institute of Management and Research, Mumbai
- NMIMS, Mumbai
- K J Somaiya Institute of Management
- Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Let us take you to Private MBA colleges
Featured Best MBA Colleges in Mumbai
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NMIMS School of Business Management, Mumbai
NMIMS School of Business Management, Mumbai is the best MBA college in India. NMIMS School of Business Management, Mumbai was established in 1981. it ranks among top management institutes in India. It is a Pvt college in Mumbai.
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S.P. Jain Institute of Management and Research, Mumbai
S.P. Jain Institute of Management and Research, Mumbai in Mumbai, founded in 1981. It is a Pvt MBA College in Mumbai
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NMIMS, Mumbai
NMIMS, Mumbai is one of the top MBA Colleges in Mumbai
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K J Somaiya Institute of Management
K J Somaiya Institute of Management offers 2-year full-time MBA/PGPM programs and is located in Mumbai. K J Somaiya Institute of Management has been one of the top B-Schools in India and was founded in . K J Somaiya Institute of Management is recognized by UGC and accredited by NAAC with an A+ Grade.
Best MBA Colleges in Mumbai with NIRF Ranking 2024
The top MBA colleges in Mumbai are ranked by the National Institutional Ranking Framework (NIRF) for 2024. Each year, NIRF analyzes institutions based on key parameters such as infrastructure, placements, and faculty, with rankings reflecting annual performance changes.
The below table shows the Mumbai Management institutes along with NIRF ranking of 2024 and 2023:
| College Names | NIRF 2024 | NIRF 2023 |
|---|---|---|
| NMIMS School of Business Management, Mumbai | N/A | #21 NIRF |
| S.P. Jain Institute of Management and Research, Mumbai | N/A | #20 NIRF |
| NMIMS, Mumbai | N/A | |
| K J Somaiya Institute of Management | N/A | #45 NIRF |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | N/A | #73 NIRF |
ROI of the Best MBA Colleges in Mumbai
The Return on Investment (ROI) highlights the benefits which students will get from pursuing an MBA from the best management institutions. ROI is calculated by comparing the total tuition fees with the average packages offered. Mumbai has many colleges which give the best placements.
The below given table to know the best MBA fees in Mumbai and average placement package:
| Name of the College | Total Tuition Fees | Average / Median Package |
|---|---|---|
| NMIMS School of Business Management, Mumbai | ₹ 25 L | ₹7 - 19.2 LPA |
| S.P. Jain Institute of Management and Research, Mumbai | ₹20.42 - 22.1 L | ₹24.89 - 30.46 LPA |
| NMIMS, Mumbai | ₹25 L | ₹19.2 LPA |
| K J Somaiya Institute of Management | ₹17.29 L | ₹10.25 LPA |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | ₹94.4 K - 14 L | ₹9 LPA |
Best MBA Colleges in Mumbai Cutoff Details
Students must meet the cut-off criteria of each college in Mumbai. The cut-off for each colleges
Below is the 2024 cutoff of the top MBA colleges in Mumbai:
- NMIMS School of Business Management, Mumbai
- S.P. Jain Institute of Management and Research, Mumbai
- NMIMS, Mumbai
- K J Somaiya Institute of Management
- Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
Comparison of Top 10 MBA Colleges In Mumbai
| Top MBA College Name | Location of Campus | Duration of the Program | NIRF Ranking | Total MBA Program Fees (INR) | Average Salary after MBA (INR) |
|---|---|---|---|---|---|
| NMIMS School of Business Management, Mumbai | Mumbai | 2-Year | #21 NIRF | ₹ 25 L | ₹7 - 19.2 LPA |
| S.P. Jain Institute of Management and Research, Mumbai | Mumbai | 2-Year | #20 NIRF | ₹20.42 - 22.1 L | ₹24.89 - 30.46 LPA |
| NMIMS, Mumbai | Mumbai | 2-Year | ₹25 L | ₹19.2 LPA | |
| K J Somaiya Institute of Management | Mumbai | 2-Year | #45 NIRF | ₹17.29 L | ₹10.25 LPA |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | Mumbai | 2-Year | #73 NIRF | ₹94.4 K - 14 L | ₹9 LPA |
| N.L. Dalmia Institute of Management Studies and Research | Mumbai | 2-Year | #23 Times | ₹14.7 L | ₹8 LPA |
| SIES College of Management Studies | Mumbai | 2-Year | #24 Times | ₹5.2 - 7 L | ₹7.5 LPA |
| MET, Institute of Management | Mumbai | 2-Year | #28 Times | ₹3.88 L | 3.1 |
| Universal AI University | Mumbai | 2-Year | #26 Times | ₹8.58 - 41.33 L | ₹8 - 10.77 LPA |
| Chetana`s Institute of Management and Research | Mumbai | 2-Year | #33 Times | ₹7.15 - 7.85 L | ₹6.5 LPA |
Best MBA Colleges in Mumbai Courses Offered
Find the different MBA programs and their tuition fees offered by the best MBA colleges in Mumbai.
Here is the comprehensive overview of courses and the tuition fees of the top MBA Colleges are given below the table:
| Name of the College | Total Tuition Fees | Courses Offered |
|---|---|---|
| NMIMS School of Business Management, Mumbai | ₹ 25 L | MBA/PGDM |
| S.P. Jain Institute of Management and Research, Mumbai | ₹20.42 - 22.1 L | MBA/PGDM |
| NMIMS, Mumbai | ₹25 L | MBA/PGDM |
| K J Somaiya Institute of Management | ₹17.29 L | MBA/PGDM |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | ₹94.4 K - 14 L | MBA/PGDM |
135 Management colleges Found in Mumbai
Best Mba Colleges in Mumbai with Low Fees
Top Mba Colleges in Mumbai with Good ROI
Top 10 Mba Colleges in Mumbai through MAH-CET
Top 10 Mba Colleges in Mumbai through CAT
Top 10 Mba Colleges in Mumbai Through NMAT
Top 10 Mba Colleges in Mumbai Through XAT
Top 10 Mba Colleges in Mumbai Through CMAT
Best Private Mba Colleges in Mumbai
Best Government Mba Colleges in Mumbai
Top Mba Colleges in Mumbai with Good Placement
Compare Other Colleges
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NMIMS School of Business Management, Mumbai₹ 25 LVS
S.P. Jain Institute of Management and Research, Mumbai₹20.42 - 22.1 L -
NMIMS School of Business Management, Mumbai₹ 25 LVS
NMIMS, Mumbai₹25 L -
NMIMS School of Business Management, Mumbai₹ 25 LVS
K J Somaiya Institute of Management₹17.29 L -
NMIMS School of Business Management, Mumbai₹ 25 LVS
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai₹94.4 K - 14 L -
NMIMS School of Business Management, Mumbai₹ 25 LVS
N.L. Dalmia Institute of Management Studies and Research₹14.7 L -
NMIMS School of Business Management, Mumbai₹ 25 LVS
SIES College of Management Studies₹5.2 - 7 L
What is the Fee for Top B-Schools in Mumbai?
The management institutes in Mumbai are cost-effective and offer excellent placement opportunities to their students.
Below is a list of top B-Schools in Mumbai along with their fee structure and NIRF ranking for 2023:
| B-Schools | Total Program fee | NIRF Ranking(2023) |
|---|---|---|
| NMIMS School of Business Management, Mumbai | ₹ 25 L | #21 NIRF |
| S.P. Jain Institute of Management and Research, Mumbai | ₹20.42 - 22.1 L | #20 NIRF |
| NMIMS, Mumbai | ₹25 L | |
| K J Somaiya Institute of Management | ₹17.29 L | #45 NIRF |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | ₹94.4 K - 14 L | #73 NIRF |
| N.L. Dalmia Institute of Management Studies and Research | ₹14.7 L | #23 Times |
| SIES College of Management Studies | ₹5.2 - 7 L | #24 Times |
| MET, Institute of Management | ₹3.88 L | #28 Times |
The total tuition fee for the NMIMS School of Business Management, Mumbai MBA Program is ₹ 25 L. among the top 100 MBA/PGDM colleges in India in NIRF.
S.P. Jain Institute of Management and Research, Mumbai is ranked 2nd in the Management category by NIRF, and its MBA program fee is INR 10.50 L.
The total tuition fee for the MBA/PGDM program of the Institute of Management, NMIMS, Mumbai is ₹25 L.
What Are the Placement Highlights of MBA Colleges in Mumbai?
The top MBA colleges in Mumbai boast impressive placement records.
NMIMS School of Business Management, Mumbai had an average package of INR 34.45 LPA and the highest package of INR 1.46 Crore Per Annum.
Which MBA College Offers the Highest Salary Packages in Mumbai?
- NMIMS School of Business Management, Mumbai - INR 67.7 LPA
- S.P. Jain Institute of Management and Research, Mumbai - INR 67.50 LPA
- NMIMS, Mumbai - INR 67.80 LPA
- K J Somaiya Institute of Management - INR 25.96 LPA
- Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai - INR 40 LPA
- N.L. Dalmia Institute of Management Studies and Research - INR 25.50 LPA
- SIES College of Management Studies - N/A
Average Salaries for MBA Graduates in Mumbai
- NMIMS School of Business Management, Mumbai - ₹7 - 19.2 LPA
- S.P. Jain Institute of Management and Research, Mumbai - ₹24.89 - 30.46 LPA
- NMIMS, Mumbai - ₹19.2 LPA
- K J Somaiya Institute of Management - ₹10.25 LPA
- Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai - ₹9 LPA
- N.L. Dalmia Institute of Management Studies and Research - ₹8 LPA
- SIES College of Management Studies - ₹7.5 LPA
Which MBA Entrance Exams Are Accepted by Colleges in Mumbai?
MBA Colleges in Mumbai accept various MBA entrance exams for admissions are CAT, XAT, MAT, CMAT, etc.
- NMIMS School of Business Management, Mumbai accepts NMAT
- S.P. Jain Institute of Management and Research, Mumbai accepts CAT,
- NMIMS, Mumbai accepts NMAT
- K J Somaiya Institute of Management accepts MAH CET, CAT, CMAT, XAT, NMAT,
What are the Eligibility Criteria for the best MBA Colleges in Mumbai?
To get admission into the Top MBA institutes in Mumbai the candidates must meet the eligibility criteria given below -
- Bachelor's Degree: The candidates must have a bachelor's degree from a reputable institution with a minimum of 50% Marks.
- Reservations: Candidates with reservations should have an overall qualifying score of at least 45%.
- Final-Year Students: The final-year students can also apply for admission but must be able to submit the completion certificate within the mentioned time.
- Preference for Experienced Candidates: Experienced candidates are given preference throughout the MBA selection process in the top B-Schools in Mumbai.
What Is the Admission Process for Best MBA Colleges in Mumbai?
The MBA admission process starts with the registration of Management entrance exams for MBA Colleges in Mumbai.
- The first step in the admission process for MBA Colleges in Mumbai is the MBA entrance test registration such as CAT, XAT, CMAT, MAT, and others.
- The second step is to apply for MBA/PGDM admission to the top institutions in Mumbai.
- The third step is to review the eligibility requirements of the best management institutes in Mumbai.
- Finally, after selecting the best universities, review the cutoff list and prepare for GD and PI.
- The final step will be to pay the fee.
Importance of CAT Coaching in MBA Admissions
For admission to top MBA colleges in Mumbai, such as NMIMS School of Business Management, Mumbai S.P. Jain Institute of Management and Research, Mumbai NMIMS, Mumbai K J Somaiya Institute of Management , a high CAT score is crucial. ChunoCollege provides a list of the top CAT coaching institutes in Mumbai to help you prepare effectively for the CAT exam.
What MBA Specializations Are Offered in Mumbai?
The B-Schools in Mumbai offer a wide range of specializations, helping the students to follow their choices. Data Science, AI, Sales and marketing, finance, human resources, agriculture and food business, entrepreneurship, financial planning and analysis, operations, and other major specializations are MBA programs available in Mumbai.
Here is a list of specializations offered in the Mumbai management colleges.
Management institutes in Mumbai offer the following MBA specializations:
- MBA in Finance
- MBA in Sales and Marketing
- MBA in Human Resources Management
- MBA in International Business
- MBA in IT and System
- MBA in Entrepreneurship
- MBA in Business Analytics
- MBA in Operations
- MBA in Healthcare and Hospital Management
- MBA in Advertising
- MBA in Supply Chain Management
These are the 2-year regular MBA programs. Experienced candidates can also opt for executive MBA Programs.
The general MBA is the common MBA program selected by most of the students.
Finance and marketing specialisations help the students to pursue their careers as bankers, finance managers, or marketing managers.
Best MBA Coaching Institutes in Mumbai
The Best Coaching institutes in Mumbai are T.I.M.E., IMS India and Career Launcher.
Comparing MBA in Mumbai vs Pune: Which City Offers the Better MBA Experience?
| Mumbai | Pune | |
|---|---|---|
| About | Mumbai was formerly known as Bombay and is India's largest city. | Pune is an expansive metropolis in the Maharashtra state of western India. |
| Top 5 Colleges |
|
|
| Networking Opportunities | Mumbai provides great opportunities for networking and long-term exposure to the corporate world. | Studying for an MBA in Pune provides various networking opportunities and events. |
| Cost of Living | The cost of living in Mumbai is higher than in other cities. | The cost of living in Pune is higher than in Mumbai. |
| Educational Opportunity | Mumbai is the financial hub of India so it consists of various topmost colleges and institutes. | Pune is an excellent place for higher education. |
| Fees | The fees for an MBA in Mumbai range from Rs. 10 lakh to Rs. 30 Lakh. | The fees for MBA in Pune range from Rs. 5 lakh to Rs. 20 Lakh. |
| Entrance Exams | The top Entrance Exams accepted by MBA Colleges in Mumbai are CAT, XAT, NMAT, MAT and MAH-CET. | The top Entrance Exams accepted by MBA Colleges in Pune are CAT, XAT, SNAP, NMAT, MAT and MAH-CET. |
| Placement Opportunities | MBA Colleges in Mumbai offer an average package from Rs. 10 LPA to Rs. 18 LPA. | MBA Colleges in Pune offer an average package from Rs. 10 LPA to Rs. 18 LPA. |
