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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:
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 |
|
| 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 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 |
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 |
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 |
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:
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:
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 |
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 |
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 |
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 |
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:
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 2026 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%
| 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 |
Here are the top specializations offered by the top MBA colleges in Mumbai 2026:
Top recruiting companies that hire MBA graduates from the colleges of Mumbai are as follows:
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Ranking : Top National & Global Rankings - NIRF #40 (Management 2025), IIRF #7 (Private MBA 2025) - FT Global 
Region : Strategic Capital Advantage - Centrally located in South Delhi - Proximity to corporates, startups, 
Tier : Elite Business School - Consistently ranked among India's top B-schools - Globally accredited (AACSBFees : High Fees - Rs23.54 L (Total PGDM) - Excludes hostel and other chargesROI : Good Return on Investment - Highest package Rs70.95 LPA (2024) - Average package Rs16.71 LPA (2024)Flagship Course : Flagship PGDM Program - Post Graduate Diploma in Management (PGDM) - Comprehensive curriculum, indusSpecialization : Diverse Specialization Offerings - PGDM in HRM, Banking & Financial Services - Electives in Marketin
Placement Focus : Strong Corporate Placements - 100% placements with diverse roles - Top sectors: BFSI, Consulting, ITTop Industries : Key Recruiting Sectors - BFSI (American Express, HDFC Bank, ICICI Bank) - Consulting (Deloitte, EY, Diversity : Inclusive Student Body - Students from varied educational backgrounds, states - Strong gender diversInternship : High-Value Internships - Highest stipend Rs3.5 Lakhs (2025 summer) - Interns at PwC, Deloitte, EY, A
Partnerships/Exchange : Global Academic Collaborations - International student and faculty exchange programs - Accredited byAlumni : Influential Alumni Network - 7700+ strong global alumni network - Leaders in Airbus, Deutsche Bank, Guest Lecturers : Industry Expert Engagements - Eminent scholars, practicing managers, administrators - Guest talks by
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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
