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Mumbai has some of the top MBA colleges which offer high placement records and return of investment. The top MBA colleges in Mumbai 2023 offer various MBA specialisations. They focus on imparting leadership skills, management skills, communication skills, analytical thinking, and the ability to work efficiently under pressure. SPJIMR Mumbai, NMIMS Mumbai, SJMSOM Mumbai are some of the best MBA colleges in Mumbai 2023 for pursuing MBA. Find out all the details pertaining to some of the top MBA colleges in Mumbai 2023 on the basis of their placements, fees, cutoff, ROI, rankings etc.
Candidates can see the ranking of the best MBA colleges in Mumbai 2023 as per the NIRF Ranking List 2023, a ranking body run by the Ministry of Education (MoE), Government of India:
College Name | NIRF Rank 2023 | NIRF Rank 2022 | NIRF Rank 2021 |
|---|---|---|---|
10 | 11 | 10 | |
National Institute of Industrial Engineering, Mumbai | 7 | 9 | 12 |
S. P. Jain Institute of Management & Research | 20 | 21 | 19 |
21 | 25 | 22 | |
K.J. Somaiya Institute Of Management | 45 | 71 | 56 |
Principal L N Welingkar Institute of Management Development and Research | 73 | 68 | 72 |
Provided below are the Times B-School rankings 2023 for the top MBA colleges in Mumbai 2023.
College Name | Time B-School Ranking 2023 | Times B-School Ranking 2022 |
|---|---|---|
| - | 7 | |
SIES College of Management Studies, Mumbai | 21 | 22 |
N.L Dalmia Institute of Management Studies And Research, Mumbai | 23 | 23 |
Universal Business School, Mumbai | 26 | 26 |
| 28 | 28 | |
ITM Business School, Navi Mumbai | - | 28 |
Durgadevi Saraf Institute of Management Studies, Mumbai | 36 | 41 |
Nest Academy Of Event Management And Development (NAEMD), Mumbai | - | 42 |
| 27 | 49 | |
| 52 | 58 | |
D.Y. Patil University School of Management, Mumbai | 81 | 69 |
IBSAR, Navi Mumbai | - | 73 |
Vivekanand Education Society’s Business School, Mumbai | 72 | 74 |
Lala Lajpatrai Institute of Management, Mumbai | - | 82 |
Sasmira's Institute of Management Studies And Research, Mumbai | - | 84 |
Tabulated below are the Outlook rankings 2023 for the best MBA colleges in Mumbai 2023.
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 2023 in the table given below:
Particulars | Details |
|---|---|
Total Number of Colleges | 228 (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 join the best MBA colleges in Mumbai 2023 may checkout the fees for the colleges:
Name of the Colleges | Fees (Approx.) |
|---|---|
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM Fee | Rs 20,80,000 |
SPJIMR Mumbai: SP Jain Institute of Management and Research Fee | Rs 17,50,000 |
NITIE Mumbai: National Institute of Industrial Engineering Fee | Rs 12,58,000 |
IIT BOMBAY: Shailesh J Mehta School of Management Mumbai Fee | Rs 8,30,000 |
JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies Fee | Rs 6,00,000 |
K J Somaiya Institute of Management, Mumbai Fee | Rs 16,29,000 |
Rs 1,34,000 | |
MET Mumbai Fee | Rs 8,10,000 |
SIES College of Management Studies, Navi Mumbai Fee | Rs 9,00,000 |
Rs 8,00,000 |
Similar to other top MBA Colleges in India, top MBA colleges in Mumbai 2023 also have the online and offline admission process. The timeline of the admission process often include, filling of application form, appearing for the entrance exams or selection process, and securing of seats and taking the admissions for the desired college. However, here are some key points on the admission process of the best MBA Colleges in Mumbai 2023 are:
Candidates interested in taking admissions to the best MBA colleges in Mumbai 2023, may check out the fees based on course:
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 |
National Institute of Industrial Engineering (NITIE), Mumbai Fee | Rs 6,63,000 - 14,63,000 |
Rs 40,600 - 1,05,000 | |
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 |
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 |
Rs 11,00,000 | |
Rs 4,20,000 | |
MET Mumbai Fee | Rs 2,80,000 - 10,00,000 |
Rs 4,20,000 | |
Rs 6,75,000 |
Here is the list of the best MBA Colleges in Mumbai 2023 and their cutoffs:
Name of the College | Cutoff |
|---|---|
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | 90 (CAT) |
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | 209 (NMAT) |
S.P. Jain Institute of Management and Research | 92 (CAT) |
NITIE Mumbai: National Institute of Industrial Engineering | 90 (CAT) |
K J Somaiya Institute of Management | 86 (CAT) |
SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education | 144 (MAH-CET) |
Principal L N Welingkar Institute of Management Development and Research | 80 (CAT) |
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 2023:
Now, let us check some of the top colleges accepting scores of popular MBA entrance exams:
Check the detailed list below:
Name of the College | Average Annual Fees |
|---|---|
Shailesh J. Mehta School of Management, IIT Bombay | Rs 8,32,000 |
SP Jain Institute of Management and Research-SPJIMR | Rs 16.90,000 |
Amity Global Business School | Rs 6,60,000 |
National Institute of Industrial Engineering-NITIE | Rs 6,63,000 - 14,63,000 |
Here are some of the best MBA Colleges in Mumbai 2023 accepting MAT scores:
Name of College | Average Annual Fees |
|---|---|
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai | Rs 5,57,000 |
Tata Institute of Social Sciences - [TISS], Mumbai | Rs 1,00,000 |
SIES School of Business Studies - [SIES SBS], Mumbai | Rs 2,60,000 |
Rs 5,60,000 | |
ISME School of Management & Entrepreneurship - [ISME], Mumbai | Rs 10,54,000 |
Some of the colleges accepting CMAT scores for MBA admissions in Mumbai are listed below:
Name of the College | Average Fees |
|---|---|
Rs 1,75,000 | |
Athena School of Management, Mumbai | Rs 6,75,000 |
N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai | Rs 5,75,000 |
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai | Rs 81,000 |
Jankidevi Bajaj Institute of Management Studies - [JDBIMS], Mumbai | Rs 3,00,000 |
Here are a few of the colleges accepting MAH MBA CET scores in Pune:
Before selecting a colleges, candidates must also check the Return on Investment (ROI). It is an important parameter for the selection of college. Here is a graph the will help understand the ROI of some of the top colleges in Mumbai:
ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%
Here are the top specialization offered by the top MBA colleges in Mumbai 2023:
Business Administration | General Management | |
|---|---|---|
| Export Management | Start-up Management | |
Global Management | ||
Here are some of the top colleges for MBA Marketing in Mumbai 2023:
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 2023 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
Private
1,35,000 - 2,60,000 Fees
AICTE Accredition
3 Lacs Avg Package
CMAT Exams
Mumbai, MaharashtraPrivate20,570 - 1,86,000 Fees
NAAC Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate15,000 - 3,30,000 Fees
Mumbai, MaharashtraPrivate19,000 - 60,000 Fees
UGC Accredition
Mumbai, MaharashtraPrivate80,000 - 21,00,000 Fees
AMBA Accredition
10.2 Lacs Avg Package
NMAT by GMAC Exams
Mumbai, MaharashtraPrivate1,21,008 - 1,41,996 Fees
UGC Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate30,390 - 74,700 Fees
NAAC Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate99,000 - 3,60,000 Fees
CMAT Exams
Mumbai, MaharashtraPrivate4,50,000 Fees
AICTE Accredition
XAT Exams
Mumbai, MaharashtraPrivate35,000 - 3,29,000 Fees
UGC Accredition
Tamilnadu 12th Exams
Mumbai, MaharashtraPrivate38,000 - 9,60,000 Fees
Government Accredition
MAT Exams
Mumbai, MaharashtraPrivate Unaided1,92,000 Fees
AICTE Accredition
Mumbai, MaharashtraPrivate Aided77,220 Fees
NAAC Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate47,325 - 60,350 Fees
CBSE 12th Exams
Mumbai, MaharashtraPrivateOther Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate6,08,000 Fees
Other Accredition
Mumbai, MaharashtraPrivate43,000 - 90,140 Fees
AICTE Accredition
Mumbai, MaharashtraPrivate80,000 - 25,10,000 Fees
UGC Accredition
6.65 Lacs Avg Package
MHT-CET Exams
Mumbai, MaharashtraPrivateAICTE Accredition
Mumbai, MaharashtraPrivate60,500 - 1,69,340 Fees
UGC Accredition
CBSE 12th Exams
Mumbai, MaharashtraPrivate1,19,000 - 3,14,000 Fees
AICTE Accredition
CMAT Exams
Mumbai, MaharashtraPrivate75,000 - 3,00,000 Fees
AICTE Accredition
4.5 Lacs Avg Package
XAT Exams
Mumbai, MaharashtraPrivate40,000 - 2,29,000 Fees
AICTE Accredition
XAT Exams
Mumbai, MaharashtraPrivate2,60,000 Fees
UGC Accredition
XAT Exams
Mumbai, MaharashtraPrivate1,50,000 - 5,00,000 Fees
UGC Accredition
CBSE 12th Exams
DYPUSM Mumbai also known as DY Patil University School of Management is amongst the popular management institutes in Mumbai and is accepted by UGC and AICTE. The university is approved by NAAC-A Grade. DY Patil University School of Management Mumbai (DYPUSM) provides UG and PG courses like BBA and MBA. The university accepts admission on a merit basis in the university entrance exam. The annual fee for the MBA programme ranges between Rs 5,00,000 - 6,30,000.
Mumbai, MaharashtraPublic34,000 - 1,00,000 Fees
MAH MBA CET Exams
Mumbai, MaharashtraPrivate15,000 - 95,000 Fees
AICTE Accredition
15 K Avg Package
CBSE 10th Exams
Mumbai, MaharashtraPrivate40,000 - 1,28,000 Fees
Mumbai, MaharashtraPrivate1,15,000 - 5,00,000 Fees
UGC Accredition
MAH B.Ed CET Exams
Mumbai, MaharashtraPrivate5 Lacs Avg Package
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
