Top PGDM Colleges in Mumbai 2026 – Rankings, Fees, Admissions, ROI & More

Mumbai offers some of the most elite management institutes where ambition meets opportunity. Some of the top SP Jain Institute of Management and Research, Prin. L. N. Welingkar Institute of Management (WeSchool), SIES College of Management Studies, and Vivekanand Business School. These top PGDM colleges of 2026 offer unmatched excellence in education, impressive ROI, and pathways to future leadership. 

The SP Jain Institute of Management and Research is the most popular one known for its top placements and industry connections with fees around INR 22.5 Lakh for the entire course duration. On the other hand, Welingkar Institute of Management is highly regarded for its innovative and experiential learning programs. The total PGDM fees for WeSchool are around INR 14,00,000. Overall, the cost of studying in Mumbai ranges from INR 8 to INR 22.5 Lakhs. The top average placements offered by these colleges are INR 8,50,000 to INR 33,00,000 LPA depending on the college. 

Candidates who want to be admitted to these top colleges in Mumbai are required to qualify for various entrance exams accepted by these colleges. The popular entrance tests include MAH-CET, CMAT, GMAT, CAT, MAT, ATMA, and XAT. Apart from these entrances, they also need to meet the basic eligibility requirements set by the specific colleges to secure admission. 

Top PGDM Colleges in Mumbai: Highlights

Top PGDM Colleges in Mumbai 2026 

The given table shows that the top PGDM colleges in Mumbai offer varying specialisations. To begin with, the SP Jain Institute of Management and Research offers a course in General Management and Business Management with the fees of INR 22,50,000. Likewise, the Prin. L. N. Welingkar Institute of Management (WeSchool) offers various specialisations like Retail Management, Rural Management, Media & Entertainment, etc. at a slightly lower fee of INR 14,00,000.

The other colleges like SIES College of Management Studies and the Vivekanand Business School offer a similar fee structure. The total course fee for SIES College of Management Studies is in the range of INR 8,00,000 to INR 10,00,000 which differs based on the specialisation chosen by the candidate. Meanwhile, the VBS offers a PGDM program with total fees of INR 9.5 Lakh. Refer to the table below for more details on the top PGDM colleges in Mumbai.

Top PGDM Colleges in Mumbai: Eligibility Criteria 

Top PGDM colleges in Mumbai have different eligibility criteria that include both academic requirements and entrance tests accepted by these colleges. The SPJIMR requires candidates to have a UG degree with at least 50 percent marks from a reputed university. However, the institute considers the holistic review of applicant’s profiles. This includes evaluating the candidate’s academic performance, work experience (if they have), other extracurricular achievements and entrance exam scores from CAT and GMAT exams. Similarly, all other best PGDM colleges in Mumbai have varied requirements for students seeking admission to their PGDM program. The detailed eligibility requirements of the top PGDM colleges in Mumbai is given below:

Top PGDM Colleges in Mumbai with Ranking

The National Institution of Ranking Framework provides rankings for various top management schools based on their evaluation on the basis of quality of teaching, placements and the rate of graduations. There are 2 top PGDM colleges ranked by the NIRF for the year 2025. The SPJIMR has been ranked 20th with an overall score of 62.06. The Prin. L. N. Welingkar Institute of Management (WeSchool) also holds a ranking of 75 with a score of  49.08. Refer to this table to know the top PGDM colleges in Mumbai, ranked by the NIRF.

List of Private PGDM Colleges in Mumbai

The underlying table is related to the fees and the exams, besides the expected cut-off percentile or the scores for admission in some reputed management institutes. The SP Jain Institute of Management and Research is estimated to have a fee of INR 22,50,000. The tests accepted are CAT and GMAT, with an expected CAT cut-off at 85 percentile. Similarly, the L. N. Welingkar Institute of Management Development & Research (WeSchool) has a fee of around INR 14,00,000. It also accepts CAT, XAT, ATMA, CMAT, and GMAT for admissions. With cutoffs around 85 percentile for CAT, CMAT and 70 percentile for XAT.

The SIES College of Management Studies has a fee in the range of INR 8,00,000 to 10,00,000. It offers a wide variety of tests for admission such as CAT, XAT, CMAT, MH-CET, and ATMA. With 80 percentile for CMAT, MAT, 70 for XAT, and 25 for CAT as the expected cutoffs. Lastly, the Vivekanand Business School has a fee of about INR 9,50,000. It accepts CAT, XAT, MAT, MAH-CET, CMAT, GMAT, and ATMA. The expected cutoffs are 65 percentile for MAT and 50 for XAT which correspond to the information provided.

Top PGDM Colleges in Mumbai: Entrance Exams Accepted 

Top Colleges in Mumbai offering the PGDM course accept multiple national level entrance exams to evaluate candidates for admission. SP Jain Institute of Management and Research considers CAT and GMAT exam scores for both fresh graduates and working professionals with upto 5 years. Coming to Prin L.N. Weligkar Institute of Management takes XAT, CAT, ATMA and many other entrance tests into consideration. The complete list of entrance tests accepted by these top PGDM colleges in Mumbai along with specific college names and upcoming dates of these exams is listed below: 

Note*: The dates mentioned above are subject to change based on official notifications.

Top PGDM Colleges in Mumbai: Fee & Salary

The top PGDM colleges in Mumbai offer highly rewarding and profitable packages to their students. The colleges like the SPJIMR offer an excellent ROI with an average salary of INR 33.1 LPA at a fee of INR 22.5 lakhs. The Prin. L. N. Welingkar Institute of Management (WeSchool) offers an average package of INR 11.7 LPA over a fee structure of INR 14 Lakhs. 

Other private colleges like the SIES School of Business Studies offer an average salary of about INR 10.03 LPA with fees ranging from INR 8 to INR 10 Lakhs with a good return. Lastly, the Vivekanand Business School offers an average package of INR 9.5 LPA over a fee structure of INR 8.5 Lakhs which indicates a good ROI index for the students.  

Go through the table below to know about the Fee and salary structure of the top 5 PGDM colleges in Mumbai.

PGDM Admission Process in Mumbai Colleges

Most of the colleges of Mumbai follow the common admission process, which consists of giving an entrance exam, then applying on the college website. The detailed admission Process for PGDM in Mumbai Colleges is given below. 

Step 1: The candidate must have a bachelor's degree from a recognised university and candidates in their final year can also apply for admission. 

Step 2: Take one or more of the accepted entrance exams like ATMA or Common Admission Test. 

Step 3: Visit the official website of the college you are interested in. Fill out the application form with your details, academic history, and entrance exam scores. 

Step 4: Colleges evaluate applicants based on entrance scores, academic background, and other factors. Shortlisted candidates will be invited for the next rounds. 

Step 5: The Candidate will be assessed on different aspects and a final merit list will be made.

Step 6: Some colleges also consider candidates performance in school and graduation years.

Step 7: If the candidate passes all stages, they will receive an admission offer, and the college will send a formal email.

Step 8: Pay the first instalment of course fees to confirm a seat. Submit original and photocopies of documents like mark sheets, ID proof, entrance exam scores, and photographs.

Frequently Asked Questions