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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.
| Name of the Colleges | Management Course Fees (Approx.) |
|---|---|
| SPJIMR Mumbai Fee | Rs 95000 to Rs 2075000 per year |
| IIM Mumbai Fee | Rs 172500 to Rs 1250000 per year |
| IIT Bombay Fee | Rs 2,00,000 - 42,00,000 |
| JBIMS Mumbai Fee | Rs 50680 to Rs 601000 per year |
| K J Somaiya Institute of Management Mumbai Fee | Rs 82675 to Rs 1662000 per year |
| SIMSREE Mumbai Fee | Rs 48915 to Rs 156000 per year |
| MET Mumbai Fee | Rs 3,77,600 - 13,77,905 per year |
| SIESCOMS Mumbai Fee | Rs 2,60,000 - 3,50,000 per year |
| IESMCRC Mumbai Fee | Rs 46000 to Rs 600000 per year |
| Amity University Mumbai | Rs 3,42,000 - 6,52,000 per year |
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 Fee Structure |
|---|---|
| Indian Institute of Technology (IIT), Bombay Fee | Rs 2,00,000 |
| Jamnalal Bajaj Institute of Management Studies Fee | Rs 3,01,000 |
| IIM Mumbai Fee | Rs 6,63,000 - 14,63,000 |
| Tata Institute of Social Sciences (TISS), Mumbai Fee | Rs 40,600 - 1,05,000 |
| Bombay Stock Exchange (BSE) Institute, Mumbai Fee | Rs 5,60, 000 |
| Sasmira's Institute of Management Studies and Research Fee | Rs 3,80,000 |
| Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai Fee | Rs 8,32,000 |
Here is the list of top private MBA colleges in Mumbai with their annual course fee.
| College Name | Fee Structure |
|---|---|
| S.P. Jain Institute of Management and Research Fee | Rs 16,90,000 |
| K J Somaiya Institute of Management Fee | Rs 16,29,000 |
| Sydenham Institute of Management Studies Fee | Rs 51,000 |
| SIES College of Management Studies Fee | Rs 2,60,000 |
| Universal Business School Fee | Rs 11,00,000 |
| D.Y. Patil University School of Management Fee | Rs 4,20,000 |
| MET Mumbai Fee | Rs 2,80,000 - 10,00,000 |
| Durgadevi Saraf Institute of Management Studies Fee | Rs 4,20,000 |
| Athena School of Management Fee | Rs 6,75,000 |
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.
| Name of the College | Cutoff Percentile / Criteria (2025) |
|---|---|
| S.P. Jain Institute of Management and Research MBA Cutoff | General Category: VARC ≥ 80, DILR ≥ 80, QA ≥ 75, Overall ≥ 85. |
| IIM Mumbai MBA Cutoff | Overall ~ 85 percentile; sectional minimums ~ 75 percentile each. |
| K J Somaiya Institute of Management MBA Cutoff | All-India quota Round 1 for 2025: 99.97 percentile; for GOPENS (General state) ~ 99.75 percentile. |
| SIMSREE Mumbai MBA Cutoff | General Category: VARC ≥ 80, DILR ≥ 80, QA ≥ 75, Overall ≥ 85. |
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 | ROI Rank* | Average Salary Offered (Annual) | Average Course Fee (Annual) |
|---|---|---|---|
| SP Jain Institute of Management and Research-SPJIMR | 1 | INR 32 LPA | INR 26.50 lakhs |
| NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | 2 | INR 25.13 LPA | INR 20-25 lakh total |
| National Institute of Industrial Engineering-NITIE | 3 | INR 25.82 LPA | INR 1,50,000 - 42,00,000. |
| Indian Institute of Technology (IIT), Bombay | 4 | INR 12–13 LPA | INR 16–25 lakh |
| K J Somaiya Institute of Management | 5 | INR 32 LPA | INR 26.50 lakhs |
Here are the top specializations offered by the top MBA colleges in Mumbai 2026:
Business Administration | General Management | |
|---|---|---|
Marketing | Business Management | |
International Business | ||
Aviation Management | Banking and Insurance | |
Human Resource Management | ||
Entrepreneurship and Family Business | Logistics and Supply Chain Management | |
| Export Management | Start-up Management | |
Global Management | ||
Here are some of the top colleges for MBA Marketing in Mumbai 2026:
| Sl. No. | Name of the College |
|---|---|
| 1. | ICFAI Business School |
| 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 2026 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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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.
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Placement Trends
