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Mumbai has some of the top MBA institutes which offer high placement records and return on investment (ROI). The top MBA colleges in Mumbai 2025 offer various MBA specialisations. They focus on imparting leadership skills, management skills, communication skills, analytical thinking, and the ability to work efficiently under pressure. IIT Bombay, SPJIMR Mumbai, NMIMS Mumbai, and SJMSOM Mumbai are some of the best MBA colleges in Mumbai 2025 for pursuing MBA. Find out all the details pertaining to some of the top MBA colleges in Mumbai 2025 on the basis of their placements, fees, cutoff, ROI, rankings etc.
Latest Update for Top MBA Colleges in Mumbai Exam Dates 2025:
Candidates can see the ranking of the best MBA colleges in Mumbai 2025 as per the NIRF Ranking List 2024, a ranking body run by the Ministry of Education (MoE), Government of India:
Provided below are the Times B-School rankings from 2022 to 2024 for the top MBA colleges in Mumbai 2025.
| - | |||
Tabulated below are the Outlook rankings 2023 for the best MBA colleges in Mumbai 2025.
College Name | Category | Outlook Ranking 2023 |
|---|---|---|
JBIMS - Jamnalal Bajaj Institute of Management Studies | Government | 10 |
| N L Dalmia Institute of Management Studies & Research | Private | 25 |
Institute For Technology and Management | Private | 60 |
| Principal L. N. Welingkar Institute of Management Development & Research | Private | 16 |
| Private | 68 | |
Rizvi Institute of Management Studies and Research | Private | 96 |
D Y Patil University School of Management | Private | 120 |
| Private | 81 | |
Chetana's Institute of Management and Research | Private | 128 |
Sheila Raheja School of Business Management & Research | 171 |
Check out the highlights of top MBA colleges in Mumbai 2025 in the table given below:
Particulars | Details |
|---|---|
Total Number of Colleges | 310 (Approximately) |
Types of Colleges | Public, Private, and Government |
Colleges Approved by |
|
| Accreditation Body |
|
Admissions Through | Mostly Entrance Exam Based |
Entrance Exam Accepted |
|
Popular Specialization Offered | Finance, IT and Systems, Human Resources, Sales and Marketing, Supply Chain Management, International Business, Operations, Entrepreneurship, Business Analytics, Healthcare and Hospital. |
Fee Range | Rs 1,00,000 - Rs 20,00,000 (Approximately) |
Hostel Facility | Available (not at all colleges) |
Candidates looking forward to joining the best MBA colleges in Mumbai 2025 can choose a college based on their fees. The top MBA colleges in Mumbai fees are mentioned in the table below.
| Amity University Mumbai | Rs 3,42,000 - 6,52,000 per year |
For admission to the best MBA colleges in Mumbai 2025 online and offline admission process is offered to students. The admission process timeline often includes filling out the application form, appearing for the entrance exams or selection process, securing seats, and getting a seat for admission at the desired college. Below we have mentioned key points regarding the admission process of the best MBA Colleges in Mumbai 2025:
Candidates interested in taking admissions to one of the well-known MBA colleges in Mumbai 2025, may check out the fees based on the course:
Check out the top government MBA colleges in Mumbai along with their respective fee structure.
Here is the list of top private MBA colleges in Mumbai with their annual course fee.
The cutoffs for MBA colleges are based on various entrance exam scores such as CAT, MAT, MAH MBA CET, etc. Here is the top MBA Colleges in Mumbai cutoff.
Here are some of the top MBA colleges in Mumbai and their average salary in placements:
Name of the College | Average Salary in Placement (Rs in Lakhs Per Annum) |
|---|---|
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | Rs 20.8 LPA |
NITIE Mumbai: National Institute of Industrial Engineering | Rs 19.77 LPA |
Rs 18.13 LPA | |
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | Rs 17.79 LPA |
Principal L N Welingkar Institute of Management Development and Research | Rs 15 LPA |
K J Somaiya Institute of Management | Rs 9.44 LPA |
Across India, many entrance exams are conducted on national level, state level, and institute or university level. Aspirants are admitted based on the scores achieved by the candidates in these entrance exams. Here are some of the entrance exams that are accepted in the best MBA colleges in Mumbai 2025:
Now, let us check some of the top colleges accepting scores of popular MBA entrance exams:
Check the detailed list below for the best MBA colleges that accept CAT scores in Mumbai.
Here are some of the best MBA Colleges in Mumbai 2025 accepting MAT scores:
Some of the colleges accepting CMAT scores for MBA admissions in Mumbai are listed below:
Here are a few of the colleges accepting MAH MBA CET scores in Pune:
Before selecting a college, candidates must also check the Return on Investment (ROI). It is an important parameter for the selection of a college. Here is a table that will help understand the ROI of some of the top MBA colleges in Mumbai:
ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%
Here are the top specializations offered by the top MBA colleges in Mumbai 2025:
Business Administration | General Management | |
|---|---|---|
| Export Management | Start-up Management | |
Global Management | ||
Here are some of the top colleges for MBA Marketing in Mumbai 2025:
Sl. No. | Name of the College |
|---|---|
1. | |
2. | S.P. Jain Global School of Management |
3. | Narsee Monjee Institute of Management Studies |
4. | Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM) |
Check out the best human resources colleges in Mumbai 2025 from below:
Sl. No. | Name of the College |
|---|---|
1. | Prin. L.N. Welingkar Institute of Management Development and Research |
2. | Narsee Monjee Institute of Management Studies |
3. | K. J. Somaiya Institute of Management Studies and Research |
4. | Jamnalal Bajaj Institute of Management Studies |
Top recruiting companies that hire MBA graduates from the colleges of Mumbai are as follows:
Kotak Mahindra Group | Reserve Bank of India | National Stock Exchange |
|---|---|---|
Boston Counsulting Group | Bank of America | L'Oreal Paris |
Bajaj Auto | IBM | Hindustan Unilever |
UBS | Godrej | Barclays Capital |
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Narsee Monjee Institute of Management Studies was established in 1981 and has since grown to become a globally renowned institution. The Shri Vile Parle Kelavani Mandal (SVKM), recognised for its social concern, decided to meet India's growing demand for management institutes. The University Grants Commission and the Ministry of Education have authorised the institute, and it is accredited by the NAAC and NBA. The management college is AACSB certified, while the Bengaluru and Hyderabad programmes are AMBA accredited. The Mumbai University was the first to recognise the institute. NMIMS currently offers 17 specialised schools and 16 fields. Management, business, commerce, and economics, pharmaceutical sciences, engineering, and technology management are among the programmes offered.
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Among the Mumbai-based institutes, the fee range for IIM Mumbai starts at Rs 1,72,500 per year, which can be considered relatively lower compared to other top institutes charging higher fees.
The fees for IIM Mumbai range from Rs 1,72,500 to Rs 12,50,000 per year, depending on the program and specialisation.
SP Jain Institute of Management & Research (SPJIMR) holds the number 1 rank based on Return on Investment (ROI) among Mumbai MBA colleges, offering an average salary of Rs 26.36 Lakhs against fees of Rs 16.9 Lakhs annually.
The highest average salary among the top MBA colleges in Mumbai is around Rs 26.36 Lakhs per annum at SP Jain Institute of Management & Research (SPJIMR). Other top colleges like NMIMS and NITIE also offer high average packages ranging between Rs 19 Lakhs and Rs 20 Lakhs.
Jamnalal Bajaj Institute of Management Studies (JBIMS) and Tata Institute of Social Sciences (TISS) are among the colleges with relatively low fees. For example, JBIMS fees range from Rs 50,680 to Rs 6,01,000 per year, and TISS charges between Rs 40,600 and Rs 1,05,000.
The top five MBA colleges in Mumbai include SP Jain Institute of Management & Research (SPJIMR), IIM Mumbai, IIT Bombay, Jamnalal Bajaj Institute of Management Studies (JBIMS), and Narsee Monjee Institute of Management Studies (NMIMS). These colleges consistently rank high in NIRF and other management rankings and are known for their quality education and strong placements.
Apart from the course of MBA, the MBA colleges of Mumbai also offer various diploma, certificate, and post graduate diploma in management. Degrees of MMS and MFM are also provided at the PG level.
Yes, almost all the MBA colleges of Mumbai offer student accommodation and hostel facility to students.
The MBA specialisation of Finance has the maximum demand and popularity in the MBA colleges of Mumbai.
The MBA colleges of Mumbai offering MBA in Digital Marketing are Garware Institute Of Career Education And Development, Rizvi Institute Of Management Studies And Research, and Wici Mumbai.
Yes, there are several MBA colleges in Mumbai which offer the degree in part time mode. Jamnalal Bajaj Institute Of Management Studies, NMIMS, KJ Somaiya, GICED, Universal Business School, etc. are some of the most popular part time MBA colleges in Mumbai.
The average course fee of MBA colleges in Mumbai is approximately Rs. 6-8 lacs.
Some of the best MBA colleges in Mumbai are S.P. Jain Institute Of Management And Research, K. J. Somaiya Institute Of Management Studies And Research, Narsee Monjee Institute Of Management Studies, Garware Institute Of Career Education And Development, etc.
Different MBA colleges of Mumbai accept different MBA entrance exams for their selection process. Some of the most popular exams are CAT, CMAT, MAT, and MAH CET.
Among all the MBA colleges in Mumbai, around 210 are privately funded.
The number of total MBA colleges in Mumbai is over 220.
CAT
XAT
MAT
CMAT
ATMA
SNAP
Placement Trends
