Mba Colleges In Mumbai

Top MBA Colleges in Mumbai 2025 – Rankings, Fees, Admissions, ROI & More

Q: Which are the top MBA colleges in Mumbai?

SPJIMR, IIM Mumbai, JBIMS, NMIMS, and SJMSOM (IIT Bombay) are among the top-ranked MBA colleges in Mumbai, known for strong academics, placements, and industry exposure.

Q: What entrance exams are accepted by Mumbai MBA colleges?

Most colleges accept CAT, MAH-CET, NMAT, XAT, and CMAT scores. Some institutes like Symbiosis also require SNAP, while others may conduct their tests or interviews.

Q: What is the average fee for an MBA in Mumbai?

MBA fees in Mumbai vary widely—from INR 77,000 at TISS to INR 38 lakh at SPJSGM. Government colleges are more affordable, while private and global institutes charge premium fees.

Q: What are the placement prospects after an MBA in Mumbai?

Top colleges offer excellent placements, with average packages ranging from INR 8 LPA to INR 33 LPA. Recruiters include McKinsey, Amazon, Deloitte, Goldman Sachs, and Tata Group.

Q: Can I pursue an MBA in Mumbai with low scores or on a budget?

Yes, colleges like SIMSREE, LLIM, and Hansraj Jivandas offer quality education at lower fees. Some accept moderate entrance scores and provide good ROI through decent placements.

Tanya Verma

Content Writer

author

Top MBA Colleges in Mumbai 2025

Mumbai is famous for its MBA program since there are around 132 MBA colleges in total, where 114 colleges are private, 10 are government colleges, and a few are semi-government institutions. The top MBA colleges in Mumbai include Indian Institute of Management Mumbai (IIM Mumbai, formerly NITIE), SP Jain Institute of Management & Research (SPJIMR), SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), K J Somaiya Institute of Management, Prin. L. N. Welingkar Institute of Management (WeSchool), and many other colleges offering an MBA program.

The duration of the MBA course in Mumbai is 2 years, while it provides various specialisations such as Finance, Marketing, HR, Operations, Business Analytics, International Business, Information Technology, etc. The fees at these colleges vary widely from INR 77,000 at TISS Mumbai to INR 38.35 lakh at SPJSGM. Some of the government colleges, like JBIMS and SJMSOM, offer high ROI with strong placements to their students, while most of the private colleges provide global exposure and industry-linked curricula. Admission to these colleges is based on the entrance exams like CAT, MAH-CET, XAT, and NMAT, which makes Mumbai a diverse and competitive hub for management education.

Top MBA Colleges in Mumbai Highlights 2025

The top colleges in Mumbai for the MBA program, such as Narsee Monjee Institute of Management Studies (NMIMS), Jamnalal Bajaj Institute of Management Studies (JBIMS), Shailesh J. Mehta School of Management (SJMSOM) at IIT Bombay, K J Somaiya Institute of Management, Tata Institute of Social Sciences (TISS), Welingkar Institute of Management Development and Research (WeSchool), etc, are available in affordable fee ranges like INR 1,00,000 to INR 20,00,000. These colleges provide placement to their students with good packages.

Feature	Detail
Total MBA Colleges	Approximately 128–310 (varies by source); about 113–130+ private and 9–10 government colleges.
Top Exams	CAT, MAH CET, CMAT, XAT, MAT, and ATMA are the most commonly accepted entrance exams.
Avg. Fees	Ranges from INR 1,00,000 to INR 20,00,000 for most colleges; lowest at INR 77,000 (TISS Mumbai), highest up to INR 38.35 lakh (SPJSGM).
Avg. Package	INR 5.9 LPA to INR 33 LPA at top institutes; some colleges like SPJIMR and IIM Mumbai report averages above INR 30 LPA.
Popular Colleges	SPJIMR Mumbai, IIM Mumbai, JBIMS, NMIMS, K J Somaiya, SJMSOM (IIT Bombay), TISS, Welingkar (WeSchool).

MBA Colleges in Mumbai with NIRF & Business Today Rankings

As per the NIRF rank 2024 and Business Today 2024, some of the colleges are ranked on the basis of various factors like curriculum, syllabus, results, placement, etc. The list of colleges is: Indian Institute of Management Mumbai (IIM Mumbai, formerly NITIE), SP Jain Institute of Management & Research (SPJIMR), SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), K J Somaiya Institute of Management, Prin. L. N. Welingkar Institute of Management (WeSchool), etc.

College Name	NIRF Rank (2024)	NIRF Score	Business Today Rank (2024)
Indian Institute of Management Mumbai (IIM Mumbai, formerly NITIE)	6	74.73	—
SP Jain Institute of Management & Research (SPJIMR)	20	—	3
SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)	21	—	8
K J Somaiya Institute of Management	63	—	25
Prin. L. N. Welingkar Institute of Management (WeSchool)	84	—	—

MBA Colleges in Mumbai Business Today Rankings 2024

As per the rank given by Business Today, top MBA colleges in Mumbai are: SP Jain Institute of Management & Research (SPJIMR), NMIMS School of Business Management, Jamnalal Bajaj Institute of Management Studies (JBIMS), K J Somaiya Institute of Management, Sydenham Institute of Management Studies (SIMSREE), etc. For more details, students can check out the official portal of Business Today.

College Name	Business Today Rank 2024
SP Jain Institute of Management & Research (SPJIMR)	3
NMIMS School of Business Management	8
Jamnalal Bajaj Institute of Management Studies (JBIMS)	20
K J Somaiya Institute of Management	25
Sydenham Institute of Management Studies (SIMSREE)	34

MBA Admission Process in Mumbai 2025

For admission to the top MBA colleges in Mumbai, students need to follow the steps mentioned below:

Students need to clear the entrance exam like CAT, MAT, XAT, etc, as per the requirement of the preferred college.
After clearing an entrance exam, students should visit the official website of the college and fill out the application form, where they have to enter their personal and academic details.
Also, students need to submit scanned copies of their documents, such as a passport-sized photograph and signature.
Students then need to complete their application process by making the payment of an application fee (as per their category).
Selected candidates are required to appear in the group discussion and personal interview rounds.
Once the process is completed, students should submit the hard copies of their documents and complete their verification process.

MBA Entrance Exam Schedule 2025

The top MBA colleges in Mumbai accept the entrance exams such as CAT, SNAP, MAH CET, NMAT, CMAT, etc. Students need to appear for the examination to get admission to their desired specialization and college. The basic details, such as date of examination and the colleges that accept the exams, are mentioned below in a table:

Exam	Month (2025)	Colleges (Mumbai)
CAT	30 November 2025	IIM Mumbai, SPJIMR, SJMSOM (IIT Bombay), NMIMS, K J Somaiya
SNAP	2, 9, 16 December 2025	SIBM Mumbai, other Symbiosis institutes
MAH CET	1, 2, 3 April 2025	JBIMS, SIMSREE, Welingkar, SIES, K J Somaiya, PUMBA
NMAT	October–December 2025	NMIMS Mumbai
CMAT	January 2025	Welingkar, SIES, Chetana, NL Dalmia, and other private colleges
MAT	Multiple (Feb–May 2025)	Welingkar, SIES, Chetana, NL Dalmia, other private colleges

Entrance Exams Accepted

Given below is the list of the top MBA colleges in Mumbai and the entrance exams accepted by the colleges. Students can check out the table and prepare for the exam as per the requirements of their college.

College Name	Accepted Entrance Exams
SP Jain Institute of Management and Research (SPJIMR)	CAT, XAT, GMAT
NMIMS School of Business Management (NMIMS SBM)	NMAT
Jamnalal Bajaj Institute of Management Studies (JBIMS)	CAT, MAH-CET, CMAT, MAT, ATMA, XAT
SDA Bocconi Asia Center (Mumbai)	Bocconi Test, CAT, NMAT, GMAT, GRE

Top Private MBA Colleges in Mumbai

The details of some of the top private MBA colleges in Mumbai, such as SPJIMR Mumbai, NMIMS School of Business Management, K J Somaiya Institute of Management, Welingkar Institute (WeSchool), SDA Bocconi Asia Center, Mumbai, BITSoM Mumbai, SIES College of Management Studies, etc, are given below in a table. Students can check out the basic information, such as the fee, entrance exam accepted, average salary packages provided to the students, and accreditation.

College Name	Fees (INR)	Exam(s)	Avg Salary (LPA)	NAAC/NBA Accreditation
SPJIMR Mumbai	22.5 Lakh	CAT, XAT, GMAT	32 LPA	AACSB, NBA
NMIMS School of Business Management	21 Lakh	NMAT	17.5 LPA	NAAC A+
K J Somaiya Institute of Management	22.32 Lakh	CAT, XAT, CMAT, NMAT	11–12 LPA	NBA, AACSB (in progress)
Welingkar Institute (WeSchool)	8.62 Lakh	CAT, XAT, CMAT, MAH-CET	12 LPA	NBA, AICTE approved
SDA Bocconi Asia Center, Mumbai	20.75 Lakh	CAT, NMAT, GMAT, GRE	15.01 LPA	AMBA (parent), AICTE approved
BITSoM Mumbai	28.55 Lakh	CAT, GMAT, GRE	23.41 LPA	—
SIES College of Management Studies	8 Lakh	CAT, XAT, CMAT, MAH-CET	9.12 LPA	NAAC A, NBA
IBS Mumbai	9.09 Lakh	IBSAT, CAT, GMAT, NMAT	11.97 LPA	NAAC A+ (parent), AICTE approved

Top Semi-Govt. MBA Colleges in Mumbai

The table given below contains the details of the top semi-government MBA colleges in Mumbai, like Jamnalal Bajaj Institute of Management Studies (JBIMS), Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Alkesh Dinesh Mody Institute for Financial and Management Studies (ADMI), Shailesh J Mehta School of Management (SJMSOM), IIT Bombay, National Institute of Industrial Engineering (NITIE) Mumbai, K J Somaiya Institute of Management, University of Mumbai - Various Affiliated Colleges (e.g., Ismail Yusuf College), etc. The details of these colleges are mentioned in a table:

College Name	Total Course Fee (INR)	Seats (Approx.)
Jamnalal Bajaj Institute of Management Studies (JBIMS)	INR 6,00,000 approx.	~180
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)	INR 1,46,000 approx.	~120
Alkesh Dinesh Mody Institute for Financial and Management Studies (ADMI)	INR 2,10,000 approx.	~60
Shailesh J Mehta School of Management (SJMSOM), IIT Bombay	INR 14,00,000 approx.	~60
National Institute of Industrial Engineering (NITIE) Mumbai	INR 12,53,000 approx.	~120
K J Somaiya Institute of Management	INR 14,94,000 approx.	~150
University of Mumbai - Various Affiliated Colleges (e.g., Ismail Yusuf College)	INR 15,000 – INR 1,00,000 approx.	Varies (~60 per college)
Welingkar Institute of Management Development & Research (WeSchool)	INR 8,62,000 approx.	~240

MBA Courses & Fees in Mumbai Colleges

The top MBA colleges in Mumbai like SPJIMR Mumbai, IIM Mumbai, NMIMS School of Business Management, SJMSOM (IIT Bombay), K J Somaiya Institute of Management, etc, offer the Management program in various specialisations such as General, Finance, Marketing, HR, Operations, Data Science, Healthcare, Sports Management, and many other specialisations. The details about these MBA programs and the specialisations offered with fees are mentioned below in a table:

College Name	Specializations Offered	Fees (INR, Total)
SPJIMR Mumbai	General, Finance, Marketing, Operations, Information Management, Business Analytics	22.5 Lakh
IIM Mumbai	General, Operations, Supply Chain, Analytics, Sustainability	21 Lakh
NMIMS School of Business Management	General, Finance, Marketing, HR, Operations, Business Analytics, Digital Transformation	21 Lakh
SJMSOM (IIT Bombay)	General, Finance, Operations, Analytics, Marketing, Consulting	14.27 Lakh
K J Somaiya Institute of Management	General, Finance, Marketing, HR, Operations, Data Science, Healthcare, Sports Management	22.32 Lakh
Welingkar Institute (WeSchool)	General, E-Business, Retail, Healthcare, Rural, Media & Entertainment, Research & Business Analytics	8.62 Lakh
SIES College of Management Studies	General, Finance, Marketing, HR, Operations, Pharmaceutical, Biotechnology	8 Lakh
NL Dalmia Institute of Management Studies	Finance, Marketing, HR, Business Analytics	16.5 Lakh
Ratan Tata Maharashtra State Skills University (MSSU)	Business Analytics, Financial Management, Innovation & New Venture Management, New Age Marketing	2.5–3 Lakh
BITSoM Mumbai	General, Leadership, Digital & Analytics, Finance, Marketing	38.35 Lakh

MBA Colleges in Mumbai: Fees vs Salary (ROI)

The fee and salary are two main factors that help students to take admission to the top MBA colleges in Mumbai, such as SPJIMR Mumbai, IIM Mumbai, JBIMS Mumbai, SJMSOM, IIT Bombay, NMIMS Mumbai, K J Somaiya Institute of Management, Welingkar Institute (WeSchool), SIES College of Management Studies, and many other colleges. The comparison between the fees and the average salary of these colleges is mentioned in a table below:

College Name	Fees (INR, Total)	Avg Salary (LPA)	ROI Verdict
SPJIMR Mumbai	22.5 Lakh	32–33	Excellent (High ROI)
IIM Mumbai	21 Lakh	33.84	Excellent (Best ROI)
JBIMS Mumbai	7 Lakh	27–29.35	Outstanding (Top ROI)
SJMSOM, IIT Bombay	14.27 Lakh	28	Excellent
NMIMS Mumbai	21 Lakh	17.5–27	Good (Premium Brand)
K J Somaiya Institute of Management	10–22.32 Lakh	11–12	Moderate (Decent ROI)
Welingkar Institute (WeSchool)	8.62 Lakh	12	Good (Affordable, Decent)
SIES College of Management Studies	5–8 Lakh	8	Good (Affordable)
TISS Mumbai (HRM & LR)	77,000	8.98	Exceptional (Best Value)
BITSoM Mumbai	28.55 Lakh	23.41	Moderate (High Fees)
SDA Bocconi Asia Center	20.75 Lakh	15.01	Moderate

MBA Placements in Mumbai: Packages & Recruiters

The top MBA colleges in Mumbai provide placement to their students, where an average package lies in the range of INR 15LPA, whereas the highest packages reach 87LPA. Some of the best management colleges that provide placements are: Jamnalal Bajaj Institute of Management Studies (JBIMS), Sydenham Institute of Management Studies (SIMSREE), Welingkar Institute of Management Development & Research, KJ Somaiya Institute of Management, National Institute of Industrial Engineering (NITIE), etc.

College Name	Average Package (LPA)	Highest Package (LPA)	Top Recruiters
Jamnalal Bajaj Institute of Management Studies (JBIMS)	INR 26.12	INR 87.12	Deloitte, HDFC, Bank of Baroda, Barclays, Citi, TCS, EY, Accenture, PwC, Samsung, Airtel, Reliance, Hindustan Unilever
Sydenham Institute of Management Studies (SIMSREE)	INR 15.24	INR 26.30	Google, Tata Motors, ICICI Securities, Bajaj Allianz, CapGemini, Godrej, Reserve Bank of India, Taj Group, Infosys
Welingkar Institute of Management Development & Research	INR 12.28*	INR 20+*	Infosys, HCL, Aditya Birla Group, Accenture, ICICI Bank, Tata Group (general reputed recruiters)
KJ Somaiya Institute of Management	INR 12.5*	INR 25+*	Reliance, HDFC Bank, ICICI Bank, Tata Group, Accenture
National Institute of Industrial Engineering (NITIE)	INR 25+*	INR 48+*	Mahindra, Tata Motors, HUL, Asian Paints, Reliance Industries
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay	INR 20+*	INR 45+*	ICICI, Deloitte, PwC, Accenture, Google, Amazon
Alkesh Dinesh Mody Institute (ADMI)	INR 8–10*	INR 20+*	BFSI sector firms, multinational corporations
Ismail Yusuf College (University of Mumbai)	INR 4–6*	INR 10+*	Local businesses, BFSI firms, and smaller corporates

Top MBA Specializations in Mumbai Colleges

The top MBA colleges in Mumbai design the MBA program so that students get industry-ready for the corporate world. Some of the specialisations like Finance, Marketing/Sales, Human Resources (HR), Operations, Business Analytics/IT, Digital Marketing, and many more.

Specialization	Top Colleges in Mumbai
Finance	SPJIMR, NMIMS, JBIMS, K J Somaiya, SJMSOM (IIT Bombay), Welingkar, SIES, Atlas SkillTech University
Marketing/Sales	SPJIMR, NMIMS, JBIMS, K J Somaiya, SJMSOM, Welingkar, SIES, Atlas SkillTech University
Human Resources (HR)	TISS (HRM & LR), NMIMS, K J Somaiya, JBIMS, SPJIMR, Welingkar, SIES
Operations	IIM Mumbai, SJMSOM, SPJIMR, NMIMS, K J Somaiya, Welingkar
Business Analytics/IT	NMIMS, SPJIMR, SJMSOM, K J Somaiya, Atlas SkillTech University, Welingkar
Digital Marketing	NMIMS, Atlas SkillTech University, K J Somaiya, Welingkar
Entrepreneurship	NMIMS, Atlas SkillTech University, K J Somaiya, SPJIMR
General Management	SPJIMR, IIM Mumbai, NMIMS, JBIMS, SJMSOM, K J Somaiya

Scholarships at MBA Colleges in Mumbai 2025

The MBA colleges of Mumbai offer scholarships to students like the BML Munjal Scholarship, PNB Housing Finance Protsahan Scholarship, ONGC Scholarship, Aditya Birla Group Scholarship, Hindustan Unilever Limited (HUL) Scholarship, OP Jindal Engineering & Management Scholarships (OPJEMS), IDFC FIRST Bank MBA Scholarship, and many other scholarships. These scholarships are offered to students on the basis of their eligibility of the candidates.

Scholarship Name	Last Date to Apply (Tentative)	Eligibility Criteria	Applicable in Mumbai Colleges
BML Munjal Scholarship	June 11, 2025	Indian nationals, minimum 80% in Class 12, minimum CAT/XAT/GMAT percentile	JBIMS, SPJIMR, other Mumbai MBA colleges
PNB Housing Finance Protsahan Scholarship	Third/Fourth week January 2025	MBA aspirants in Marketing & Finance, ≥60% in Class 12 and graduation, family income < INR 3 lakh	Select Mumbai colleges
ONGC Scholarship	July 8, 2025	SC/ST/OBC/General category, Indian nationality, <30 years, family income < INR 2 lakh annually	Government & private MBA colleges in Mumbai
Aditya Birla Group Scholarship	January 31, 2025	Outstanding full-time MBA candidates	Top private Mumbai B-schools
Hindustan Unilever Limited (HUL) Scholarship	Second/Third week of October 2025	2nd-year MBA students, family income ≤ INR 6 lakh	Colleges with HUL tie-ups in Mumbai
OP Jindal Engineering & Management Scholarships (OPJEMS)	August 7, 2025	Top 10 rank holders in the 2nd year from leading engineering & management colleges	Leading MBA colleges, including Mumbai
IDFC FIRST Bank MBA Scholarship	June 30, 2025	Need-based, family income < INR 6 lakh per annum	Welingkar, SPJIMR, other Mumbai institutes
Vivekanand Business School (VBS) Scholarship	March 26, 2025	Merit-based & need-based scholarship includes an international study opportunity.	VBS Mumbai

Top MBA Colleges in Mumbai: Cutoffs 2025

The cut-off scores of the top MBA colleges in Mumbai, such as Jamnalal Bajaj Institute of Management Studies (JBIMS), Sydenham Institute of Management Studies (SIMSREE), Prin. L. N. Welingkar Institute of Management (WeSchool), S.I.E.S. College of Management Studies, Xavier Institute of Management & Research (XIMR), Chetana’s Ramprasad Khandelwal Institute of Management, etc, are given below in a table. Students can go through the table and check out the cut-off marks of their preferred colleges.

College Name	Exam	Cutoff (Percentile, 2025)
Jamnalal Bajaj Institute of Management Studies (JBIMS)	CAT	99.97–99.99
Sydenham Institute of Management Studies (SIMSREE)	XAT	99.95–99.98
Prin. L. N. Welingkar Institute of Management (WeSchool)	GMAT	99.60–99.95
S.I.E.S. College of Management Studies	MAT	99.00–99.92
Xavier Institute of Management & Research (XIMR)	ATMA	99.52–99.93
Chetana’s Ramprasad Khandelwal Institute of Management	SNAP	99.67–99.79

Compare Top MBA Colleges in Mumbai

The comparison between the top MBA colleges in Mumbai, such as IIM Mumbai, SPJIMR Mumbai, JBIMS Mumbai, SJMSOM, IIT Bombay, NMIMS Mumbai, K J Somaiya, Mumbai, Welingkar (WeSchool) Mumbai, SIES College of Management, TISS Mumbai (HRM & LR), etc. The table given below consists of the details of the colleges, such as fees, average salary provided to the students, entrance exams accepted by the colleges, and ROI. Students can go through the table to choose the top MBA colleges in Mumbai:

College Name	Fees (INR, Total)	Avg Salary (LPA)	Exam	ROI Verdict
IIM Mumbai	21 Lakh	33–33.84	CAT	Outstanding (High ROI)
SPJIMR Mumbai	22.5 Lakh	31–32	CAT/XAT/GMAT	Excellent (High ROI)
JBIMS Mumbai	7 Lakh	29.35	MAH CET/CAT	Exceptional (Best ROI)
SJMSOM, IIT Bombay	14.27 Lakh	28	CAT	Excellent
NMIMS Mumbai	21 Lakh	17.5–26.6	NMAT	Good (Premium Brand, Higher Fees)
K J Somaiya, Mumbai	22.32 Lakh	12	CAT/XAT/CMAT	Moderate (Decent ROI)
Welingkar (WeSchool) Mumbai	8.62 Lakh	12	CAT/XAT/CMAT/MAH CET	Good (Affordable)
SIES College of Management	8 Lakh	8–9.12	CAT/XAT/CMAT/MAH CET	Good (Affordable)
TISS Mumbai (HRM & LR)	77,000	8.98	TISS-NET	Exceptional (Best Value)
BITSoM Mumbai	28.55 Lakh	23.41	CAT/GMAT	Moderate (High Fees)

Frequently Asked Questions

Q1. Which are the top MBA colleges in Mumbai?

SPJIMR, IIM Mumbai, JBIMS, NMIMS, and SJMSOM (IIT Bombay) are among the top-ranked MBA colleges in Mumbai, known for strong academics, placements, and industry exposure.

Q2. What entrance exams are accepted by Mumbai MBA colleges?

Most colleges accept CAT, MAH-CET, NMAT, XAT, and CMAT scores. Some institutes like Symbiosis also require SNAP, while others may conduct their tests or interviews.

Q3. What is the average fee for an MBA in Mumbai?

MBA fees in Mumbai vary widely—from INR 77,000 at TISS to INR 38 lakh at SPJSGM. Government colleges are more affordable, while private and global institutes charge premium fees.

Q4. What are the placement prospects after an MBA in Mumbai?

Top colleges offer excellent placements, with average packages ranging from INR 8 LPA to INR 33 LPA. Recruiters include McKinsey, Amazon, Deloitte, Goldman Sachs, and Tata Group.

Q5. Can I pursue an MBA in Mumbai with low scores or on a budget?

Yes, colleges like SIMSREE, LLIM, and Hansraj Jivandas offer quality education at lower fees. Some accept moderate entrance scores and provide good ROI through decent placements.

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