Pgdm Colleges In Mumbai

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

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

The various entrances accepted by these colleges are MAH-CET, CMAT, GMAT, CAT, MAT, ATMA, XAT. These set of entrance exams differs from institute to institute. The cost of studying in Mumbai ranges from INR 8 to INR 26.5 Lakhs. The top average placements offered by these colleges are INR 8,50,000 to INR 33,00,000 LPA depending on the college.

Top PGDM Colleges in Mumbai Highlights

Parameters	Details
No. of top PGDM Colleges	5
Top PGDM Colleges	SP Jain Institute of Management and Research (SPJIMR), Prin. L. N. Welingkar Institute of Management (WeSchool), SIES College of Management Studies (SIESCOMS), Vivekanand Business School (VBS), IIM Mumbai
Ownership	Mix of Private (SPJIMR, WeSchool, SIESCOMS, VBS) and Government (IIM Mumbai)
Exams Accepted	CAT, GMAT, XAT, ATMA, CMAT, MAT, MAH-CET (varies by college)
Specializations Offered	General Management, Marketing, Finance, Human Resources, Operations, Banking and Finance, Business Analytics, Supply Chain Management, Entrepreneurship
Average Fees	INR 8,00,000 to INR 26,50,000 (approx.)
Admission Process	Entrance exam → Application on college website → Shortlisting based on entrance scores and academics → Group Discussion, Personal Interview, written test → Final merit list → Admission offer → Fee payment and document submission
Placement Range	Average salary packages range from INR 8,50,000 to over INR 33,00,000 per annum depending on the college

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 with the fees of INR 26,50,000. Likewise the Prin. L. N. Welingkar Institute of Management (WeSchool) offers various specialisations like the Marketing, Finance, Human Resources, and Operations. It offers a slightly lesser fees of INR 14,00,000.

The other colleges like SIES College of Management Studies and the Vivekanand Business School offer a similar fees structure. Which is ranging from INR 8,00,000 to INR 9,50,000. The only top government PGDM college of Mumbai, the IIM Mumbai offers a PGDM in General Management. With several micro specialisations at a fees of INR 15,00,000

Refer to the table below for more details on the top PGDM colleges in Mumbai.

College Name	Fees Range (INR Approx.)	Courses Offered	Specializations Offered
SP Jain Institute of Management and Research (SPJIMR)	INR 26,50,000	PGDM	General Management
Prin. L. N. Welingkar Institute of Management (WeSchool)	INR 14,00,000	PGDM	Marketing, Finance, Human Resources, and Operations
SIES College of Management Studies (SIESCOMS)	INR 8,00,000 - INR 10,00,000	PGDM	Finance, Marketing, Human Resources & Operations
Vivekanand Business School (VBS)	INR 9,50,000	PGDM	Banking and Finance, Business Analytics, Marketing, Human Resource Management, Operations and Supply Chain Management, Entrepreneurship Management
IIM Mumbai	INR 15,00,000	PGDM	General Management

Top PGDM Colleges in Mumbai Eligibility Criteria

Candidates must have a Bachelor’s degree or an equivalent from a recognised university, usually with a minimum of 50 per cent aggregate marks.
Final year undergraduate students can apply provisionally, subject to completing their degree before enrollment.
Valid scores in national or state-level entrance exams such as the MAH CET, and Common Admission Test are mandatory for shortlisting.
Some colleges may prefer candidates with work experience, but it is generally not compulsory.
Admission stages consist of Group Discussion, Personal Interview, and sometimes written tests after the entrance exam screening.
Academic performance in 10th, 12th, and graduation years is often considered during selection.
The final admission offer depends on the combined performance in entrance exams, PI, academic background, and document verification.

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 3 top PGDM colleges ranked by the NIRF for the year of 2025.

The SPJIMR has been ranked 20 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. Lastly the Indian Institute of Mumbai has been ranked at top 6 with the overall score of 77.58 in management.

Refer to this table to know the top PGDM colleges in Mumbai, ranked by the NIRF.

College Name	NIRF Rank India (2025)	NIRF Score (out of 100) Approx.
SP Jain Institute of Management and Research (SPJIMR)	20	62.06
Prin. L. N. Welingkar Institute of Management (WeSchool)	75	49.08
Indian Institute of Management, Mumbai	6	77.58

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.

College Name	Fees (Approx., INR)	Exams Accepted	Expected Cutoff (Percentile/Score)
SP Jain Institute of Management and Research (SPJIMR)	INR 22,50,000	CAT, GMAT	CAT: 85 percentile
Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool)	INR 14,00,000	CAT, XAT, ATMA, CMAT, GMAT	CAT/CMAT: 85, XAT: 70
SIES College of Management Studies (SIESCOMS)	INR 8,00,000 - INR 10,00,000	CAT,XAT,CMAT,MH-CET,ATMA	CMAT/MAT: 80, XAT: 70, CAT: 25
Vivekanand Business School (VBS)	INR 9,50,000	CAT,XAT, MAT, MAH-CET, CMAT,GMAT,ATMA	MAT: 65, XAT: 50

Government PGDM Colleges in Mumbai

IIM Mumbai PGDM program fees are around INR 15,00,000. The institute conducts admissions through the CAT exam and anticipates a very high cutoff of more than 99 percentile, which speaks a lot about the top rank of this Indian premier management institution. This high cut-off implies a fierce competition for admission to the institute, which is limited only to those candidates who have scored the highest in the CAT exam. The fee is inclusive of tuition and other academic expenses related to the full-time management program.

Refer to this table for more details.

College Name	Fees (Approx.)	Exams Accepted	Expected Cutoff (Percentile/Score)
IIM Mumbai	INR 15,00,000	CAT	CAT 99+ percentile

Top PGDM Colleges in Mumbai Fee & Salary

The top PGDM colleges in Mumbai offer highly reaping and profitable packages. The colleges like the SPJIMR offer an excellent ROI with an average salary of INR 33.1 LPA at a fees 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 fees structure of INR 14 Lakhs.

Other private colleges like the SIES School of Business Studies offers an average salary of about INR 10.03 LPA with a fees ranging from INR 8 to INR 10 Lakhs with a good return. The Vivekanand Business School offers an average package of INR 9.5 LPA over a fees structure of INR 8.5 Lakhs which indicates a good ROI index for the students. Lastly, the IIM Mumbai offers an excellent ROI with an average placement of INR 33.84 LPA and a fees of INR 15 Lakhs. This establishes the IIM Mumbai as one of the premier management schools not only in Mumbai but also across the country,

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

College Name	Fees (INR Approx.)	Average Salary (INR per annum)	ROI Verdict
SP Jain Institute of Management and Research (SPJIMR)	INR 22,50,000	INR 33,10,000	Excellent
Prin. L. N. Welingkar Institute of Management (WeSchool)	INR 14,00,000	INR 11,70,000	Good
SIES School of Business Studies (SIESCOMS)	INR 8,00,000 - INR 10,00,000	INR 10,03,000	Good
Vivekanand Business School (VBS)	INR 9,50,000	INR 8,50,000	Moderate to Good
IIM Mumbai	INR 15,00,000	INR 33.84 LPA	Excellent

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 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.