Top Management Colleges in Mumbai 2025: Ranking, Fees, Placements 2025

Top Management Colleges in Mumbai 2025

Mumbai has some of the top MBA colleges which offer high placement records and return on investment (ROI). The top MBA colleges in Mumbai 2025 offer various MBA specialisations. They focus on imparting leadership skills, management skills, communication skills, analytical thinking, and the ability to work efficiently under pressure. IIT Bombay, SPJIMR Mumbai, NMIMS Mumbai, and SJMSOM Mumbai are some of the best MBA colleges in Mumbai 2025 for pursuing MBA. Find out all the details pertaining to some of the top MBA colleges in Mumbai 2025 on the basis of their placements, fees, cutoff, ROI, rankings etc.

Top MBA Colleges in Mumbai 2025: NIRF Ranking 2024

Candidates can see the ranking of the best MBA colleges in Mumbai 2025 as per the NIRF Ranking List 2024, a ranking body run by the Ministry of Education (MoE), Government of India:

College Name	NIRF Rank 2024	NIRF Rank 2023	NIRF Rank 2022	NIRF Rank 2021
IIM Mumbai (Formally National Institute for Training in Industrial Engineering Mumbai)	6	7	9	12
Indian Institute of Technology (IIT), Bombay	10	10	11	10
S. P. Jain Institute of Management & Research	20	20	21	19
SVKM`s Narsee Monjee Institute of Management Studies	21	21	25	22
K.J. Somaiya Institute Of Management	63	45	71	56
Principal L N Welingkar Institute of Management Development and Research	84	73	68	72

Top MBA Colleges in Mumbai 2025: Times B-School Rankings 2024

Provided below are the Times B-School rankings from 2022 to 2024 for the top MBA colleges in Mumbai 2025.

College Name	Time B-School Ranking 2024	Time B-School Ranking 2023	Times B-School Ranking 2022
S. P. Jain Institute of Management & Research	4	-	-
SIES School Of Business Studies, Mumbai	21	-	-
N.L Dalmia Institute of Management Studies And Research, Mumbai	23	23	23
SIES College of Management Studies, Mumbai	24	21	22
Amity Business School, Amity University, Mumbai	26	27	49
MET Institute of Management, Mumbai	28	28	28
K.J. Somaiya Institute of Management, Mumbai	-	-	7
Universal Business School, Mumbai	25	26	26
Durgadevi Saraf Institute of Management Studies, Mumbai	36	36	41
Nest Academy Of Event Management And Development (NAEMD), Mumbai	36	-	42
ITM Business School, Navi Mumbai	43	-	28
Aditya Institute of Management Studies and Research, Mumbai	51	52	58
D.Y. Patil University School of Management, Mumbai	79	81	69
Vivekanand Education Society’s Business School, Mumbai	78	72	74
Lala Lajpatrai Institute of Management, Mumbai	95	-	82

Top MBA Colleges in Mumbai 2025: Outlook Rankings 2023

Tabulated below are the Outlook rankings 2023 for the best MBA colleges in Mumbai 2025.

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 2025 Highlights

Check out the highlights of top MBA colleges in Mumbai 2025 in the table given below:

Particulars	Details
Total Number of Colleges	310 (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 2025: Fee Details

Candidates looking forward to joining the best MBA colleges in Mumbai 2025 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

Admission Process of Top MBA Colleges in Mumbai 2025

For admission to the best MBA colleges in Mumbai 2025 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 2025:

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 2025 Based on Course Fee

Candidates interested in taking admissions to one of the well-known MBA colleges in Mumbai 2025, may check out the fees based on the course:

Top Government MBA Colleges in Mumbai 2025 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
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

Top Private MBA Colleges in Mumbai 2025 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 2025: Cutoff

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	Latest Cutoff
S.P. Jain Institute of Management and Research MBA Cutoff	Click Here
IIM Mumbai MBA Cutoff	Click Here
K J Somaiya Institute of Management MBA Cutoff	Click Here
SIMSREE Mumbai MBA Cutoff	Click Here
IIT Mumbai MBA Cutoff	Click Here

Top MBA Colleges in Mumbai 2025: 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 2025: 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 2025:

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

Top MBA Colleges in Mumbai 2025 Accepting CAT Scores

Check the detailed list below for the best MBA colleges that accept CAT scores in Mumbai.

Shailesh J. Mehta School of Management, IIT Bombay
SP Jain Institute of Management and Research-SPJIMR
Amity Global Business School
IIM Mumbai
IIT Mumbai

Top MBA Colleges in Mumbai 2025 Accepting MAT Scores

Here are some of the best MBA Colleges in Mumbai 2025 accepting MAT scores:

N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai
Tata Institute of Social Sciences - [TISS], Mumbai
SIES School of Business Studies - [SIES SBS], Mumbai
Kohinoor Business School - [KBS], Mumbai
ISME School of Management & Entrepreneurship - [ISME], Mumbai

Top MBA Colleges in Mumbai 2025 Accepting CMAT Scores

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

Rustomjee Business School - [RBS], Mumbai
Athena School of Management, Mumbai
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai
Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai

Top MBA Colleges in Mumbai 2025 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 2025

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	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 2025

Here are the top specializations offered by the top MBA colleges in Mumbai 2025:

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 2025

Here are some of the top colleges for MBA Marketing in Mumbai 2025:

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 2025

Check out the best human resources colleges in Mumbai 2025 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 2025

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.