Top MBA Colleges in Mumbai
Admissions 2025, Eligibility, Exams, Cutoff
In Mumbai, there are 190 MBA institutes that provide MBA programs. There are 137 MBA institutions that are privately held among them, and 11 MBA colleges that are owned by public or government entities. The leading MBA institutions in Mumbai accept candidates from CAT, XAT, and CMAT as their admission examinations. The three most well-known MBA programs in Mumbai are SPJIMR, IIT Bombay, and National Institute of Industrial Engineering.
MBA Colleges in Mumbai: Overview 2025
Mumbai is home to some of the most renowned business schools in India, such as Jamnalal Bajaj Institute of Management Studies -JBIMS Mumbai, Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE), and Narsee Monjee Institute of Management Studies NMIMS Mumbai.
Mumbai, often referred to as the financial capital of India, stands as an eminent hub of MBA education, drawing aspirants from across the nation and beyond. This bustling metropolis is home to a plethora of esteemed business schools, each offering a unique blend of academic excellence and practical insights into the world of management MBA in Mumbai.
Here's why Mumbai holds a special place in the hearts of MBA colleges like SPJIMR, JBIMS, NMIMS, and NITIE.
| Types of MBA Colleges in Mumbai | Government or Public, University Affiliated, Private PGDM colleges |
|---|---|
| Number of MBA colleges in Mumbai | 200 |
| Top MBA Colleges in Mumbai | IIM Mumbai, IIM Indore Mumbai campus, SPJIMR, JBIMS, IIT Bombay, NMIMS, SIMSREE |
| MBA Fees in Mumbai | Rs.6 lakhs to Rs. 22 Lakhs |
| Type of MBA Programs offered in Mumbai | 2 year MBA; AICTE-approved PGDM; Specialized MBA; 1 year MBA for working professionals; Executive MBA; FPM, Distance mba colleges in Mumbai |
| MBA Specializations in Mumbai | International Business, Analytics, Banking, Finance, Insurance, Marketing, Human Resources, Healthcare & Hospital, Operations, IT & Systems, Business Analytics, Entrepreneurship, Family Business, Retail, Rural Management, Supply Chain among others |
| Average Placements | Average Salary in Placements 2023 in Top MBA colleges in Mumbai stood in the range of Rs.15 to Rs.33 lakhs per annum |
| Top Domains & Sectors for Career Growth | International Business, Marketing, Finance, Consultancy, HR, Analytics, Operations |
Sharp Facts about MBA & PGDM Colleges in Mumbai
MBA Admission in Mumbai
The admission process for MBA programs in Mumbai typically involves several stages and can vary from one institution to another. However, This article will provide you with a general overview of the common steps involved in the MBA admission process in Mumbai:
Eligibility Criteria
Most MBA programs in Mumbai require a bachelor's degree from a recognized university with minimum 50% marks and may require work experience for Executive programs.
Entrance Exam
Commonly accepted entrance exams include CAT, XAT, GMAT, or state-level exams like MAH-CET for MBA admission in Mumbai.
Application & WAT
Fill application forms after entrance exam results. Some institutions include Written Ability Test to evaluate communication skills.
Entrance Exams for MBA Colleges in Mumbai
MBA colleges in Mumbai typically admit students through various entrance exams, depending on the institution and the program. Here are some of the common MBA entrance exams that may be required for MBA admission in Mumbai:
| Exams | Number of Colleges |
|---|---|
| CAT | 91 |
| XAT | 76 |
| CMAT | 76 |
| MAT | 74 |
| ATMA | 69 |
Also Read
Top 5 MBA Colleges in Mumbai
Mumbai is the most popular location for MBA students in India. The top 5 MBA Colleges in Mumbai, according to reputable rankings, are SPJIMR Mumbai, NMIMS Mumbai, IIT Bombay, NITIE Mumbai, and JBIMS Mumbai. If we include further MBA schools in Mumbai, they include K J Somaiya, Welingkar, BITSOM, SDA Bocconi, SIMSREE Mumbai, SIES Mumbai, and IBS Mumbai.
| MBA college in Mumbai Rank & Grade Wise | NIRF Ranking 2023 |
|---|---|
| SPJIMR, Mumbai | # 4 |
| SJMSoM-IIT Bombay | # 13 |
| NMIMS, Mumbai | # 14 |
| NITIE Mumbai | AAA |
| JBIMS Mumbai | AAA |
| IIM Nagpur | # 27 |
| K J Somaiya Institute of Management, Mumbai | # 29 |
| Prin L N Welingkar Institute of Management Development and Research | # 32 |
| Tata Institute of Social Sciences (TISS) Mumbai | -- |
Top MBA Colleges in Mumbai with Fee
Mumbai offers many possibilities for MBA students. Mumbai MBA fees come in a broad range depending on your budget. In addition, the majority of MBA programs in Mumbai provide scholarships, fee exemptions, and loan arrangements. Mumbai's best MBA institutions as well as Government MMS/MBA universities have extremely different MBA cost ranges. Are you aware that JBIMS Mumbai has increased its cost from Rs. 2 lakh to Rs. 6 lakh, yet it is still low? Similar to IIMs, other top MBA colleges in Mumbai charge between 10 and 20 lakhs. But do not fret. There are a lot of excellent MBA institutions that cost between 5 and 10 lakhs and provide top-notch instruction and job placements. Let's have a look at MBA tuition in Mumbai.
| MBA college in Mumbai | Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs) |
|---|---|
| SPJIMR, Mumbai | Rs. 20.42 |
| NMIMS, Mumbai | Rs. 23.90 |
| IIM Mumbai (NITIE) | Rs. 14.63 |
| SJMSoM-IIT Bombay | Rs. 14.08 |
| JBIMS Mumbai | Rs. 6.00 |
| TISS Mumbai | Rs. 1.89 |
| K J Somaiya Institute of Management, Mumbai | Rs. 19.95 |
| Prin L N Welingkar Institute of Management Development and Research | Rs. 13.00 |
| BITS School of Management - BITSOM | Rs. 25.72 |
| SDA Bocconi Asia Center | Rs. 18.60 |
Top Govt. MBA colleges in Mumbai
| Public Colleges | Total Tuition Fee/Seat Intake | Entrance Exam/Eligibility |
|---|---|---|
| IIT Bombay Admission | INR 8 lakh - INR 20 lakh Seats: 172 | Entrance Exam: CAT Graduation with 60% aggregate |
| IIM Mumbai (formerly known as NITIE) Admission | INR 8.5 lakh Seats: 338 | Entrance Exam: CAT, GATE Graduation with 50% aggregate |
| Sasmira's Institute of Management Studies Admission | INR 4 lakh Seats: 120 | Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate |
| University of Mumbai Admission | INR 2 lakh Seats: 8,578 | Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate |
List of MBA Colleges in MUMBAI
UNIVERSAL BUSINESS SCHOOL (UBS), MUMBAI, MAHARASHTRA
SP Jain Institute of Management and Research
