Mumbai is one of the favorite places for students to do MBA and Management programmes. In total there are 190 colleges providing management courses in which 117 are private owned and 11 are government owned, Top-Teir colleges such as IIM Mumbai, JBIMS, NMIMS, SPJIMR, K. J. Somaiya Institute of Management, and Prin. L. N. Welingkar Institute of Management Development & Research (Welingkar) attract students nationwide. Most colleges require entrance exams like CAT, XAT, or MAH CET. Government colleges have lower fee range (INR 50,000–2 lakhs) compared to private ones (INR 5–20 lakhs).
Latest Update for Top MBA Colleges in Mumbai Exam Dates 2026:
- SNAP has multiple slots on December 6, 14, and 20, 2025.
- NMAT window runs from November 5 to December 19, 2025.
- XAT is scheduled for January 5, 2026.
- MAH MBA CET is expected in March 2025.
- CMAT is scheduled for January 25, 2026.
- MAT has upcoming sessions on December 13 (PBT) and December 21 (CBT), 2025; next cycle expected in February/March 2026.
- ATMA is expected to be conducted in February, May, and July 2026(Tentative).
Top MBA Colleges in Mumbai 2026 Highlights
Check out the highlights for the best MBA colleges in Mumbai 2026 in the table given below:
| Particulars | Details |
|---|---|
| Total Number of Colleges | 310 (Approximately) |
| Types of Colleges | Public, Private, and Government |
| Colleges Approved by |
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| Accreditation Body |
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| Admissions Through | Mostly Entrance Exam Based |
| Entrance Exam Accepted |
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| 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) |
Best MBA Colleges in Mumbai 2026: NIRF Ranking 2025
Candidates can see the ranking of the best MBA colleges in Mumbai 2026 as per the NIRF Ranking List 2025, a ranking body run by the Ministry of Education (MoE), Government of India:
| College Name | NIRF Rank 2025 | NIRF Rank 2024 | NIRF Rank 2023 | NIRF Rank 2022 | NIRF Rank 2021 |
|---|---|---|---|---|---|
| IIM Mumbai (Formally National Institute for Training in Industrial Engineering Mumbai) | 6 | 6 | 7 | 9 | 12 |
| Indian Institute of Technology (IIT), Bombay | 14 | 10 | 10 | 11 | 10 |
| S. P. Jain Institute of Management & Research | 20 | 20 | 20 | 21 | 19 |
| SVKM`s Narsee Monjee Institute of Management Studies | 24 | 21 | 21 | 25 | 22 |
| K.J. Somaiya Institute Of Management | 65 | 63 | 45 | 71 | 56 |
| Principal L N Welingkar Institute of Management Development and Research | 75 | 84 | 73 | 68 | 72 |
Top MBA Colleges in Mumbai 2026: Times B-School Rankings 2025
Provided below are the Times B-School rankings from 2022 to 2025 for the top MBA colleges in Mumbai 2026.
| College Name | Times B-School Ranking 2025 | Time B-School Ranking 2024 | Time B-School Ranking 2023 | Times B-School Ranking 2022 |
|---|---|---|---|---|
| S. P. Jain Institute of Management & Research | 2 | 4 | - | - |
| SIES School Of Business Studies, Mumbai | 21 | 21 | - | - |
| N.L Dalmia Institute of Management Studies And Research, Mumbai | 23 | 23 | 23 | 23 |
| SIES College of Management Studies, Mumbai | 24 | 24 | 21 | 22 |
| Amity Business School, Amity University, Mumbai | 25 | 26 | 27 | 49 |
| MET Institute of Management, Mumbai | 26 | 28 | 28 | 28 |
| K.J. Somaiya Institute of Management, Mumbai | - | - | - | 7 |
| Universal Business School, Mumbai | 25 | 25 | 26 | 26 |
| Durgadevi Saraf Institute of Management Studies, Mumbai | 36 | 36 | 36 | 41 |
| Nest Academy Of Event Management And Development (NAEMD), Mumbai | - | 36 | - | 42 |
| ITM Business School, Navi Mumbai | 43 | 43 | - | 28 |
| Aditya Institute of Management Studies and Research, Mumbai | 49 | 51 | 52 | 58 |
| D.Y. Patil University School of Management, Mumbai | - | 79 | 81 | 69 |
| Vivekanand Education Society’s Business School, Mumbai | 75 | 78 | 72 | 74 |
| Lala Lajpatrai Institute of Management, Mumbai | 94 | 95 | - | 82 |
Top 10 MBA Colleges in Mumbai 2026: Fee Details
Candidates looking forward to joining the best MBA colleges in Mumbai 2026 can choose a college based on their fees. The top MBA colleges in Mumbai fees are mentioned in the table below.
| College Name | Annual Fees (Approx.) |
|---|---|
| SPJIMR Mumbai | Rs 95,000 – Rs 20.75 Lakh |
| IIM Mumbai (ex-NITIE) | Rs 1.72 Lakh – Rs 12.5 Lakh |
| IIT Bombay (SJMSOM) | Rs 2 Lakh – Rs 42 Lakh |
| JBIMS Mumbai | Rs 50,680 – Rs 6.01 Lakh |
| K. J. Somaiya Institute of Management | Rs 82,675 – Rs 16.62 Lakh |
| SIMSREE Mumbai | Rs 48,915 – Rs 1.56 Lakh |
| MET Institute of Management | Rs 3.77 – Rs 13.77 Lakh |
| SIESCOMS Mumbai | Rs 2.60 – Rs 3.50 Lakh |
| IESMCRC Mumbai | Rs 46,000 – Rs 6 Lakh |
| Amity University Mumbai | Rs 3.42 – Rs 6.52 Lakh |
MBA Colleges in Mumbai Admission Process for 2026
For admission to the best MBA colleges in Mumbai 2026 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 2026:
- Applications forms are mostly available online, and students must fill them online directly. In some colleges, application forms may be available offline for candidates to fill up and submit. Check out the particular college to know details.
- Candidates will have to appear for CAT, MAT, ATMA, XAT, MAH-CET exams or any institute level entrance exams for admissions to the majority of the colleges. Some colleges proceed according to the merit. Candidates must check the official website to learn details about the admission process.
- Further, all colleges in Mumbai conduct Group Discussions or Group Exercise, Writing Ability Test, and Personal Interview. Candidates will have to undergo all the stages of the selection process.
- Selected candidates will then appear for counselling and based on the final results, they may take admissions to their desired colleges and MBA programmes.
- Further, candidates must have cleared their Class 10 and Class 12 with passing marks in all subjects from a recognised board of education.
- Candidates must have completed their graduation from a recognised university with a minimum of 50-55%. However, there may be relaxation of 3%-5% for economically backwards class, gender relaxations, SC, ST, PwD relaxation as well.
Top MBA Colleges in Mumbai 2026 Based on Course Fee
Candidates interested in taking admissions to one of the well-known MBA colleges in Mumbai 2026, may check out the fees based on the course:
Top Government MBA Colleges in Mumbai 2026 with Course Fee
Check out the top government MBA colleges in Mumbai along with their respective fee structure.
| College Name | Annual Fees (Approx.) |
|---|---|
| IIT Bombay (SJMSOM) | Rs 2,00,000 |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | Rs 3,01,000 |
| IIM Mumbai (ex-NITIE) | Rs 6.63 – 14.63 Lakh |
| TISS Mumbai | Rs 40,600 – 1.05 Lakh |
| BSE Institute, Mumbai | Rs 5.60 Lakh |
| Sasmira’s Institute of Management Studies & Research | Rs 3.80 Lakh |
| SJMSOM – IIT Bombay | Rs 8.32 Lakh |
Top Private MBA Colleges in Mumbai 2026 with Course Fee
Here is the list of top private MBA colleges in Mumbai with their annual course fee.
| College Name | Annual Fees (Approx.) |
|---|---|
| SP Jain Institute of Management & Research (SPJIMR) | Rs 16.90 Lakh |
| K. J. Somaiya Institute of Management | Rs 16.29 Lakh |
| Sydenham Institute of Management Studies (SIMSREE) | Rs 51,000 |
| SIES College of Management Studies | Rs 2.60 Lakh |
| Universal Business School | Rs 11.00 Lakh |
| D.Y. Patil University – School of Management | Rs 4.20 Lakh |
| MET Mumbai | Rs 2.80 – Rs 10.00 Lakh |
| Durgadevi Saraf Institute of Management Studies | Rs 4.20 Lakh |
| Athena School of Management | Rs 6.75 Lakh |
Top MBA Colleges in Mumbai 2026: Cutoff
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.
| College Name | Expected Cutoff (2025–26) |
|---|---|
| SPJIMR Mumbai | CAT: VARC ≥ 80, DILR ≥ 80, QA ≥ 75, Overall ≥ 85 |
| IIM Mumbai | Overall ~85 percentile; sectional ≥75 |
| K. J. Somaiya Institute of Management | MAH CET: 99.75 percentile; All India: 99.97 percentile |
| SIMSREE Mumbai | Overall ≥ 85 percentile |
| JBIMS Mumbai | MAH CET ≥ 99.9 percentile |
Top MBA Colleges in Mumbai 2026: Placements
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 25.82 LPA |
| NITIE Mumbai: National Institute of Industrial Engineering | Rs 29.44 LPA |
| JBIMS - Jamnalal Bajaj Institute of Management Studies | Rs 26.12 LPA |
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | Rs 25.13 LPA |
| Principal L N Welingkar Institute of Management Development and Research | Rs 13.96 LPA |
| K J Somaiya Institute of Management | Rs 12 LPA |
Top MBA Colleges in Mumbai 2026: Entrance Exams
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 2026:
| College (Mumbai) | Type | Exams from your list they accept (for main MBA/MMS/PGDM) |
|---|---|---|
| IIM Mumbai (ex-NITIE) | Central Govt (IIM) | CAT only for flagship MBA & MBA (OSCM). |
| SJMSOM, IIT Bombay | Central Govt (IIT) | CAT (main); GMAT only for international category. |
| SPJIMR Mumbai | Private (autonomous) | CAT, GMAT for PGDM; other exams are not the main route. |
| NMIMS School of Business Management, Mumbai | Private deemed | NMAT by GMAC is mandatory for flagship MBA; GMAT sometimes for a few global/executive formats. No CAT/XAT/CMAT. |
| JBIMS (Jamnalal Bajaj) | Govt (Univ. of Mumbai) | MAH CET (MAH MBA CET), CAT, CMAT. |
| SIMSREE | Govt (Univ. of Mumbai) | MAH CET, CAT, CMAT, XAT. |
| K J Somaiya Institute of Management | Private | CAT, CMAT, XAT, MAT, GMAT, ATMA, NMAT, MAH CET. |
| Welingkar (Prin. L. N. Welingkar / WeSchool) | Private | CAT, CMAT, XAT, MAT, GMAT, ATMA, MAH CET for PGDM/MMS. |
| MET Institute of Management / MET PGDM | Private | CAT, CMAT, XAT, MAT, GMAT, ATMA, MAH CET. |
| SIES College of Management Studies (SIESCOMS) | Private | CAT, CMAT, XAT, MAT, GMAT, ATMA, MAH CET. |
| IES MCRC (IES’s Management College & Research Centre) | Private | CAT, CMAT, XAT, MAT, GMAT, ATMA, MAH CET. |
| Amity University Mumbai | Private deemed | CAT, XAT, MAT, GMAT, NMAT, MAH CET. |
| IBS Mumbai (ICFAI Business School) | Private | IBSAT, CAT, XAT, GMAT, NMAT accepted for MBA/PGPM. |
Now, let us check some of the top colleges accepting scores of popular MBA entrance exams:
Top MBA Colleges in Mumbai 2026 Accepting CAT Scores
Check the detailed list below for the best MBA colleges that accept CAT scores in Mumbai.
- Shailesh J. Mehta School of Management, IIT Bombay
- SP Jain Institute of Management and Research-SPJIMR
- Amity Global Business School
- IIM Mumbai
- IIT Mumbai
Top MBA Colleges in Mumbai 2026 Accepting MAT Scores
Here are some of the best MBA Colleges in Mumbai 2026 accepting MAT scores:
- N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai
- Tata Institute of Social Sciences - [TISS], Mumbai
- SIES School of Business Studies - [SIES SBS], Mumbai
- Kohinoor Business School - [KBS], Mumbai
- ISME School of Management & Entrepreneurship - [ISME], Mumbai
Top MBA Colleges in Mumbai 2026 Accepting CMAT Scores
Some of the colleges accepting CMAT scores for MBA admissions in Mumbai are listed below:
- Rustomjee Business School - [RBS], Mumbai
- Athena School of Management, Mumbai
- N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai
- Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai
- Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai
Top MBA Colleges in Mumbai 2026 Accepting MAH CET Scores
Here are a few of the colleges accepting MAH MBA CET scores in Pune:
- Xavier Institute of Management and Research-XIMR
- Lala Lajpat Rai Institute of Management-LLIM
- Prin. L.N. Welingkar Institute of Management Development and Research-We School
ROI of Top MBA Colleges in Mumbai 2026
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%
| College Name | Average Salary (LPA) | Average Fee (Lakh) | ROI Rank |
|---|---|---|---|
| SPJIMR Mumbai | 32 | 26.5 | 1 |
| NMIMS SBM Mumbai | 25.13 | 20–25 | 2 |
| IIM Mumbai (ex-NITIE) | 29.44 | 1.5–12 | 3 |
| IIT Bombay (SJMSOM) | 12–13 | 16–25 | 4 |
| K. J. Somaiya Institute of Management | 12 | 16.29 | 5 |
| Welingkar Institute (WeSchool) | 13.96 | 8–10 | 6 |
| JBIMS Mumbai | 26.12 | 3 | 7 |
MBA Specialisations Offered in Mumbai 2026
Here are the top specializations offered by the top MBA colleges in Mumbai 2026:
- Finance
- Marketing
- Human Resource Management
- Business Analytics
- Operations Management
- Supply Chain & Logistics
- International Business
- Entrepreneurship
- Information Technology
- Digital Marketing
- Healthcare & Hospital Management
- Retail & Rural Management
- Project & Global Management
- Banking & Insurance
- Aviation Management
- General Management
Top MBA Colleges in Mumbai Recruiter
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 Consulting Group (BCG)
- Bank of America
- L'Oréal
- Bajaj Auto
- IBM
- Hindustan Unilever (HUL)
- UBS
- Godrej
- Barclays Capital
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