Top Management Colleges in Mumbai 2024: Ranking, Fees, Placements 2024

Top Management Colleges in Mumbai 2024

Mumbai has some of the top MBA colleges which offer high placement records and return of investment. The top MBA colleges in Mumbai 2023 offer various MBA specialisations. They focus on imparting leadership skills, management skills, communication skills, analytical thinking, and the ability to work efficiently under pressure. SPJIMR Mumbai, NMIMS Mumbai, SJMSOM Mumbai are some of the best MBA colleges in Mumbai 2023 for pursuing MBA. Find out all the details pertaining to some of the top MBA colleges in Mumbai 2023 on the basis of their placements, fees, cutoff, ROI, rankings etc.

Top MBA Colleges in Mumbai 2023: NIRF Ranking 2023

Candidates can see the ranking of the best MBA colleges in Mumbai 2023 as per the NIRF Ranking List 2023, a ranking body run by the Ministry of Education (MoE), Government of India:

College Name	NIRF Rank 2023	NIRF Rank 2022	NIRF Rank 2021
Indian Institute of Technology (IIT), Bombay	10	11	10
National Institute of Industrial Engineering, Mumbai	7	9	12
S. P. Jain Institute of Management & Research	20	21	19
SVKM`s Narsee Monjee Institute of Management Studies	21	25	22
K.J. Somaiya Institute Of Management	45	71	56
Principal L N Welingkar Institute of Management Development and Research	73	68	72

Top MBA Colleges in Mumbai 2023: Times B-School Rankings 2023

Provided below are the Times B-School rankings 2023 for the top MBA colleges in Mumbai 2023.

College Name	Time B-School Ranking 2023	Times B-School Ranking 2022
K.J. Somaiya Institute of Management, Mumbai	-	7
SIES College of Management Studies, Mumbai	21	22
N.L Dalmia Institute of Management Studies And Research, Mumbai	23	23
Universal Business School, Mumbai	26	26
MET Institute of Management, Mumbai	28	28
ITM Business School, Navi Mumbai	-	28
Durgadevi Saraf Institute of Management Studies, Mumbai	36	41
Nest Academy Of Event Management And Development (NAEMD), Mumbai	-	42
Amity Business School, Amity University, Mumbai	27	49
Aditya Institute of Management Studies and Research, Mumbai	52	58
D.Y. Patil University School of Management, Mumbai	81	69
IBSAR, Navi Mumbai	-	73
Vivekanand Education Society’s Business School, Mumbai	72	74
Lala Lajpatrai Institute of Management, Mumbai	-	82
Sasmira's Institute of Management Studies And Research, Mumbai	-	84

Top MBA Colleges in Mumbai 2023: Outlook Rankings 2023

Tabulated below are the Outlook rankings 2023 for the best MBA colleges in Mumbai 2023.

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
Vivekanand Business School	Private	68
Rizvi Institute of Management Studies and Research	Private	96
D Y Patil University School of Management	Private	120
Lala Lajpatrai Institute of Management (LLIM)	Private	81
Chetana's Institute of Management and Research	Private	128
Sheila Raheja School of Business Management & Research		171

Top MBA Colleges in Mumbai 2023 Highlights

Check out the highlights of top MBA colleges in Mumbai 2023 in the table given below:

Particulars	Details
Total Number of Colleges	228 (Approximately)
Types of Colleges	Public, Private, and Government
Colleges Approved by	All India Institute of Technical Education (AICTE) University Grants Commission (UGC) Directorate of Technical Education (DTE), Government of Maharashtra
Accreditation Body	National Assessment and Accreditation Council (NAAC) National Board of Accreditation (NBA)
Admissions Through	Mostly Entrance Exam Based
Entrance Exam Accepted	ATMA MAH CET MAT CAT XAT and others.
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)

Top 10 MBA Colleges in Mumbai 2023: Fee Details

Candidates looking forward to join the best MBA colleges in Mumbai 2023 may checkout the fees for the colleges:

Name of the Colleges	Fees (Approx.)
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM Fee	Rs 20,80,000
SPJIMR Mumbai: SP Jain Institute of Management and Research Fee	Rs 17,50,000
NITIE Mumbai: National Institute of Industrial Engineering Fee	Rs 12,58,000
IIT BOMBAY: Shailesh J Mehta School of Management Mumbai Fee	Rs 8,30,000
JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies Fee	Rs 6,00,000
K J Somaiya Institute of Management, Mumbai Fee	Rs 16,29,000
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education Fee	Rs 1,34,000
MET Mumbai Fee	Rs 8,10,000
SIES College of Management Studies, Navi Mumbai Fee	Rs 9,00,000
IES Management College And Research Centre, Mumbai Fee	Rs 8,00,000

Admission Process of Top MBA Colleges in Mumbai 2023

Similar to other top MBA Colleges in India, top MBA colleges in Mumbai 2023 also have the online and offline admission process. The timeline of the admission process often include, filling of application form, appearing for the entrance exams or selection process, and securing of seats and taking the admissions for the desired college. However, here are some key points on the admission process of the best MBA Colleges in Mumbai 2023 are:

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 2023 Based on Course Fee

Candidates interested in taking admissions to the best MBA colleges in Mumbai 2023, may check out the fees based on course:

Top Government MBA Colleges in Mumbai 2023 with Course Fee

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
National Institute of Industrial Engineering (NITIE), 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

Top Private MBA Colleges in Mumbai 2023 with Course Fee

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

Top MBA Colleges in Mumbai 2023: Cutoff

Here is the list of the best MBA Colleges in Mumbai 2023 and their cutoffs:

Name of the College	Cutoff
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai	90 (CAT)
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM	209 (NMAT)
S.P. Jain Institute of Management and Research	92 (CAT)
NITIE Mumbai: National Institute of Industrial Engineering	90 (CAT)
K J Somaiya Institute of Management	86 (CAT)
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education	144 (MAH-CET)
Principal L N Welingkar Institute of Management Development and Research	80 (CAT)

Top MBA Colleges in Mumbai 2023: 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 20.8 LPA
NITIE Mumbai: National Institute of Industrial Engineering	Rs 19.77 LPA
JBIMS - Jamnalal Bajaj Institute of Management Studies	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

Top MBA Colleges in Mumbai 2023: 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 2023:

Now, let us check some of the top colleges accepting scores of popular MBA entrance exams:

Top MBA Colleges in Mumbai 2023 Accepting CAT Scores

Check the detailed list below:

Name of the College	Average Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay	Rs 8,32,000
SP Jain Institute of Management and Research-SPJIMR	Rs 16.90,000
Amity Global Business School	Rs 6,60,000
National Institute of Industrial Engineering-NITIE	Rs 6,63,000 - 14,63,000

Top MBA Colleges in Mumbai 2023 Accepting MAT Scores

Here are some of the best MBA Colleges in Mumbai 2023 accepting MAT scores:

Name of College	Average Annual Fees
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai	Rs 5,57,000
Tata Institute of Social Sciences - [TISS], Mumbai	Rs 1,00,000
SIES School of Business Studies - [SIES SBS], Mumbai	Rs 2,60,000
Kohinoor Business School - [KBS], Mumbai	Rs 5,60,000
ISME School of Management & Entrepreneurship - [ISME], Mumbai	Rs 10,54,000

Top MBA Colleges in Mumbai 2023 Accepting CMAT Scores

Some of the colleges accepting CMAT scores for MBA admissions in Mumbai are listed below:

Name of the College	Average Fees
Rustomjee Business School - [RBS], Mumbai	Rs 1,75,000
Athena School of Management, Mumbai	Rs 6,75,000
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai	Rs 5,75,000
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai	Rs 81,000
Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai	Rs 3,00,000

Top MBA Colleges in Mumbai 2023 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 2023

Before selecting a colleges, candidates must also check the Return on Investment (ROI). It is an important parameter for the selection of college. Here is a graph the will help understand the ROI of some of the top 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	Rs 26,36,000	Rs 16,90,000
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM	2	Rs 20,80,000	Rs 20,80,000
National Institute of Industrial Engineering-NITIE	3	Rs 19,95,000	Rs 6,63,000 - 14,63,000
Indian Institute of Technology (IIT), Bombay	4	Rs 19,06,000	Rs 8,30,000
K J Somaiya Institute of Management	5	Rs 10,08,000	Rs 16,29,000

MBA Specialisations Offered in Mumbai 2023

Here are the top specialization offered by the top MBA colleges in Mumbai 2023:

Business Administration	Travel and Tourism Management	General Management
Retail Management	Marketing	Business Management
International Business	Healthcare Management	Business Analytics
Information Technology	Aviation Management	Banking and Insurance
Human Resource Management	Finance	Executive MBA
Entrepreneurship and Family Business	Logistics and Supply Chain Management	Operations Management
Export Management	Start-up Management	Digital Marketing
Project Management	Global Management	Accounting
Rural Management	Advertising and Public Relations	Information System Management

Top MBA Marketing Colleges in Mumbai 2023

Here are some of the top colleges for MBA Marketing in Mumbai 2023:

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)

Top MBA Human Resource Colleges in Mumbai 2023

Check out the best human resources colleges in Mumbai 2023 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 Recruiters of MBA Graduates in Mumbai 2023

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

FAQs

Which courses are provided at the MBA colleges of Mumbai?

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.

Is hostel facility available at the MBA colleges of Mumbai?

Yes, almost all the MBA colleges of Mumbai offer student accommodation and hostel facility to students.

Which is the most popular MBA specialisation in the management colleges of Mumbai?

The MBA specialisation of Finance has the maximum demand and popularity in the MBA colleges of Mumbai.

How many MBA colleges in Mumbai offer MBA in Digital Marketing?

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.

Can I pursue MBA in part time mode from an MBA college in 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.

What is the average fee of MBA colleges in Mumbai?

The average course fee of MBA colleges in Mumbai is approximately Rs. 6-8 lacs.

Which are some of the leading MBA colleges in Mumbai?

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.

Which MBA entrance exams should I give for admission to an MBA college in Mumbai?

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.

How many private MBA colleges are available in Mumbai?

Among all the MBA colleges in Mumbai, around 210 are privately funded.

How many MBA colleges are there in Mumbai?

The number of total MBA colleges in Mumbai is over 220.