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 & ResearchPrivate

25

Institute For Technology and Management

Private

60

Principal L. N. Welingkar Institute of Management Development & ResearchPrivate

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

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 MumbaiRs 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:

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 ManagementStart-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

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The International Institute of Sports & Management (IISM), established in 2010, is the pioneer of sports & management education in India, It is approved by the University of Mumbai & GICED. The institute offers various sports courses at UG and PG levels namely Bachelor of Sports Management (BSM), Bachelor of Sports Science (BSS), Master of Sports Management (MSM), Master of Sports Science (MSS), and PGP in Sports Management. Admission to management courses is based on marks scored in SMAT entrance For sports science courses, the institute accepts SSAT scores.
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BSE Institute Limited is a pioneer and established leader in Financial Education offering varied courses in the field of Capital Markets, Banking & Financial Service Analytics, Data Science, Global Financial Markets, Banking & Finance, Cyber Security, Predictive Analysis, Financial Technology, Popular degrees offer BMS, BBA, B.Sc, PGP, and PGD. For post-diploma courses admission is based on CAT/ XAT/ MAT/ CMAT/ GMAT/ ATMA/ NMAT, MAHCET, and BIL-ET. Top recruiters are Axis Bank, Birla Sun Life Insurance, HDFC Bank, ICICI Bank, IDBI Capital, Kotak Mahindra Bank, JM Financial, Standard Chartered, Tata Motors, Religare, Reliance Capital, Yes Bank, and many more.
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Garware Institute of Career Education and Development (GICED) is a private institution, established in 1981. It’s one of the top MBA colleges in Mumbai. The most popular GICED Mumbai courses are PGDM & BA. The admission process is simple. Students who are willing to get Garware Institute of Career Education and Development Mumbai admission must appear in the entrance exam and qualify for the merit scores. The institution has a good placement record.
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    ...+2 Maharashtra HSC , CBSE 12th
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    3,500 - 83,300 Fees

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Aditya Institute of Management Studies and Research (AIMSR) is one of the top MBA colleges in Mumbai, established in 2011. It’s affiliated to the University of Mumbai and approved by AICTE. The most popular AIMSR Mumbai courses are PGDM & MMS. Admission to this institution is based on the entrance exam and merit scores. The campus is well-equipped with modern amenities. The Aditya Institute of Management Studies and Research placements report is wonderful.
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Thadomal Shahani Centre for Management (TSCFM) is one of the top MBA colleges in Mumbai, established in 2011. It’s a private institution, affiliated to Anglia Ruskin University and EduQual. The TSCFM Mumbai admission mode is online. The institution offers courses at UG, PG & Diploma levels. The popular Thadomal Shahani Centre for Management courses are PG Diploma, Global MBA & PGDBM. The institution has a good placement record. The top recruiters of the TSCFM placements are Edelweiss, HDFC Bank, JP Morgan, Deloitte, Reliance, Google, ICIC Bank, BSE, CRISIL, Motilal Oswal etc.
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Durgadevi Saraf Institute of Management Studies (DSIMS) was established in 2010. It’s one of the top MBA colleges in Mumbai, affiliated to Mumbai University and approved by AICTE. The DSIMS admission is based on the entrance exam and merit scores. The application mode of this institution is online. The Durgadevi Saraf Institute of Management Studies courses are PGDM, EPM, MDP & FDP. The highest placement package offered at this institute is Rs 7 LPA, and the average placement package is Rs 3.5 LPA. The DSIMS Mumbai placement cell is active enough to bring recruiters to the institution.
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MCT Rajiv Gandhi Institute of Technology is a private institution, established in 1988. It’s one of the top MBA colleges in Mumbai, approved by AICTE. RGIT Mumbai courses are B.Tech, M.Tech, MMS & PhD. Admission to this institution is based on the entrance exam and merit scores. The application mode is online. The average RGIT placements salary package is Rs 5 LPA. The institution has a good placement record. The top recruiters of Rajiv Gandhi Institute of Technology Mumbai are Infosys, TCS, L&T Infotech, etc.
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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.

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