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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.
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:
Provided below are the Times B-School rankings from 2022 to 2024 for the top MBA colleges in Mumbai 2025.
| - | |||
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 |
| Private | 68 | |
Rizvi Institute of Management Studies and Research | Private | 96 |
D Y Patil University School of Management | Private | 120 |
| Private | 81 | |
Chetana's Institute of Management and Research | Private | 128 |
Sheila Raheja School of Business Management & Research | 171 |
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 |
|
| Accreditation Body |
|
Admissions Through | Mostly Entrance Exam Based |
Entrance Exam Accepted |
|
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) |
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.
| Amity University Mumbai | Rs 3,42,000 - 6,52,000 per year |
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:
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:
Check out the top government MBA colleges in Mumbai along with their respective fee structure.
Here is the list of top private MBA colleges in Mumbai with their annual course fee.
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.
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 |
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 |
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:
Check the detailed list below for the best MBA colleges that accept CAT scores in Mumbai.
Here are some of the best MBA Colleges in Mumbai 2025 accepting MAT scores:
Some of the colleges accepting CMAT scores for MBA admissions in Mumbai are listed below:
Here are a few of the colleges accepting MAH MBA CET scores in Pune:
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%
Here are the top specializations offered by the top MBA colleges in Mumbai 2025:
Business Administration | General Management | |
|---|---|---|
| Export Management | Start-up Management | |
Global Management | ||
Here are some of the top colleges for MBA Marketing in Mumbai 2025:
Sl. No. | Name of the College |
|---|---|
1. | |
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) |
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 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 |
Applied Filters :
Mumbai, Maharashtra
Government
1,72,500 - 12,50,000 Fees
AICTE Accredition
25.5 Lacs Avg Package
XAT Exams
Mumbai, MaharashtraGovernment15,000 - 42,00,000 Fees
AICTE Accredition
21.8 Lacs Avg Package
CEED Exams
Mumbai, MaharashtraPrivate95,000 - 16,85,000 Fees
AICTE Accredition
32.1 Lacs Avg Package
XAT Exams
Mumbai, MaharashtraPrivate Unaided26,000 - 12,50,000 Fees
UGC Accredition
26.6 Lacs Avg Package
NEET Exams
Mumbai, MaharashtraPrivate82,675 - 16,62,000 Fees
NBA Accredition
9.87 Lacs Avg Package
GMAT Exams
Mumbai, MaharashtraPrivate11,800 - 7,00,000 Fees
NBA Accredition
7.57 Lacs Avg Package
CBSE 12th Exams
Mumbai, MaharashtraPrivate32,000 - 6,52,000 Fees
UGC Accredition
NEET Exams
Mumbai, MaharashtraPrivate41,250 - 3,48,000 Fees
AICTE Accredition
NEET Exams
Mumbai, MaharashtraPrivate18,000 - 12,30,000 Fees
UGC Accredition
18.8 Lacs Avg Package
Maharashtra HSC Exams
Mumbai, MaharashtraPrivate3,680 - 51,210 Fees
NAAC Accredition
Maharashtra HSC Exams
Mumbai, MaharashtraPrivate54,360 Fees
NAAC Accredition
8 Lacs Avg Package
Maharashtra HSC Exams
Mumbai, MaharashtraPrivate50,680 - 6,01,000 Fees
AICTE Accredition
18.8 Lacs Avg Package
MAH MBA CET Exams
Mumbai, MaharashtraPrivate7,900 - 69,900 Fees
AICTE Accredition
10.8 Lacs Avg Package
Mumbai, MaharashtraPrivate1,32,000 - 5,28,000 Fees
AICTE Accredition
GMAT Exams
Mumbai, MaharashtraPrivate3,100 - 38,100 Fees
NBA Accredition
3.5 Lacs Avg Package
Maharashtra SSC Exams
Mumbai, MaharashtraPrivate4,54,500 Fees
8.5 Lacs Avg Package
NMAT by GMAC Exams
Mumbai, MaharashtraPrivate40,000 - 5,48,000 Fees
NBA Accredition
XAT Exams
Mumbai, MaharashtraPrivateNAAC Accredition
Maharashtra HSC Exams
Mumbai, MaharashtraPrivate4,00,000 - 11,00,000 Fees
WWI Entrance Exam Exams
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Mumbai, MaharashtraPrivate Unaided1,98,000 - 11,58,000 Fees
AICTE Accredition
8.6 Lacs Avg Package
CMAT Exams
UBS Mumbai is one of the popular business schools in Mumbai approved by All India Council for Technical Education (AICTE). One-year full-time MBA and one year part-time EMBA are the courses offered by the Institute. Universal Business School offers MBA program in four specializations namely marketing, finance, human resource and project management. Whereas, EMBA program is available in marketing and finance only. Universal Business School placements are offered to the candidates through the help of its dedicated placement cell that works on the overall development of a candidate to make him suitable to the requirement of the industry.
Mumbai, MaharashtraPrivate2,96,150 - 20,32,000 Fees
AICTE Accredition
PAF Entrance Exam Exams
Mumbai, MaharashtraPublic5,000 - 3,21,000 Fees
UGC Accredition
16 Lacs Avg Package
AILET Exams
Mumbai, MaharashtraPrivate10,265 - 82,300 Fees
AICTE Accredition
Maharashtra HSC Exams
Mumbai, MaharashtraGovernment48,915 - 1,56,000 Fees
AICTE Accredition
15.7 Lacs Avg Package
MAH MBA CET Exams
Mumbai, MaharashtraPrivate10,000 - 2,41,000 Fees
AICTE Accredition
5.5 Lacs Avg Package
XIC OET Exams
Mumbai, MaharashtraPrivate3,75,000 - 13,77,905 Fees
AICTE Accredition
7 Lacs Avg Package
XAT Exams
Mumbai, MaharashtraDeemed to be University50,000 Fees
UGC Accredition
Mumbai, MaharashtraPrivate6,75,000 - 16,00,000 Fees
Athena School of Management is a premier management institution in Mumbai. The college offers two-year full-time PGDM programmes. This management college in Mumbai uses the Socrates method of teaching, in which the faculty teaches 20% of the total sessions and the remaining 80% is centered on interactive sessions, debates, and discussions. The NMAT and GMAT scores of applicants are used to determine admission to Athena School of Management. ITC, Kotak and Vodafone are some of the top recruiters that visit Athena School of Management.
Mumbai, MaharashtraPrivate5,415 - 2,12,000 Fees
NAAC Accredition
5.75 Lacs Avg Package
Maharashtra HSC Exams
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.
Yes, almost all the MBA colleges of Mumbai offer student accommodation and hostel facility to students.
The MBA specialisation of Finance has the maximum demand and popularity in the MBA colleges of Mumbai.
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.
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.
The average course fee of MBA colleges in Mumbai is approximately Rs. 6-8 lacs.
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.
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.
Among all the MBA colleges in Mumbai, around 210 are privately funded.
The number of total MBA colleges in Mumbai is over 220.
CAT
CMAT
