MBA Colleges in Mumbai; Check Ranking, Courses, Admission, Placements, Top Recruiters
MBA colleges in Mumbai include IIM, IIT, NMIMS, and more. Explore details like ranking, fee structure, courses, accepted exams, placements, and top recruiters of MBA colleges in Mumbai.
Shivani 10 Jun, 2024
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MBA Colleges in Mumbai: There are nearly 159 esteemed MBA colleges in Mumbai. These include 11 government MBA colleges and 113 private MBA colleges. For admission to these colleges, candidates need to provide scores of CAT, XAT, MAH CET, CMAT, NMAT, ATMA, and other MBA entrance exams .
The most renowned MBA colleges in Mumbai include IIM Mumbai, IIT Bombay, NMIMS, SP Jain Inst. of Management and Research, National Inst. of Industrial Engineering, etc. To make an informed decision for admission, candidates must know the details concerning MBA colleges in Mumbai.MBA Institutes in Mumbai Highlights
MBA is one of the most sought-after postgraduate programs in Mumbai. This two-year program is suitable for students from diverse academic backgrounds, including Commerce, Humanities, Science, and technology. Check out the key highlights of MBA colleges in Mumbai| MBA Institutes in Mumbai Highlights | ||
| No. of MBA colleges in Mumbai | 150+ | |
| Accepted Entrance Exams |
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| Major specialisation |
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| Annual fees | Fee | No. of Colleges |
| Below INR 1 lakh | 3 | |
| INR 1-2 lakh | 18 | |
| INR 2-3 lakh | 28 | |
| INR 3-5 lakh | 26 | |
| Above INR 5 lakh | 80 | |
Top MBA Colleges in Mumbai Eligibility Criteria
Individual MBA colleges have their separate eligibility criteria. However, most colleges have the following basic eligibility criteria to shortlist candidates:- Applicants must have completed a bachelor's degree or equivalent education qualification in any discipline from a recognised university.
- A valid score on MBA entrance exams like CAT, XAT, MAHCET, CMAT, etc., is also a prerequisite in most MBA colleges.
- Candidates must secure at least 50 % aggregate score or equivalent CGPA in the qualifying exam.
- Reserved category candidates have to secure a minimum of 45% marks or equivalent CGPA in their bachelor's degree exam to be eligible for admission to MBA colleges in Mumbai.
Top 10 MBA Colleges in Mumbai
Mumbai houses multiple MBA colleges, among which the most renowned institution is IIM Mumbai. Besides IIM Mumbai, there are several other private and government MBA colleges that are known for offering top-notch education to students. The table below presents the most esteemed MBA colleges in Mumbai and the seat intake:| MBA Colleges | Seat Intake |
| IIM Mumbai (NITIE) | 338 |
| S.P. Jain Inst. of Management and Research, Mumbai | 720 |
| IIT Bombay, Mumbai | 172 |
| Prin. L. N. Welingkar Inst. of Management Development and Research, Mumbai | 12,830 |
| NMIMS Mumbai | 990 |
| Universal Business School, Mumbai | 860 |
| K J Somaiya Inst. of Management, Mumbai | 660 |
| VBS Mumbai | 180 |
| N.L. Dalmia Inst. of Management Studies and Research, Mumbai | 420 |
MBA Colleges in Mumbai NIRF Ranking
NIRF is recognised as India's foremost ranking agency. It annually publishes ranking lists of MBA colleges. NIRF evaluates colleges based on diverse parameters such as teaching quality, Students' qualifying rate, placement records, and more.
The following table outlines the top MBA colleges in Mumbai, including their NIRF ranking:
| MBA Colleges in Mumbai | NIRF Rank | NIRF Score |
| IIM Mumbai | 7 | 71.99 |
| IIT Bombay | 10 | 68.11 |
| S.P. Jain Inst. of Management & Research | 20 | 60.91 |
| NMIMS | 21 | 60.84 |
| K J Somaiya Inst. of Management Studies and Research | 45 | 52.14 |
| Principal L N Welingkar Inst. of Management Development and Research | 73 | 48.21 |
Top Private MBA Colleges in Mumbai
Top private MBA colleges in Mumbai include NMIMS, JBIMS, etc. The fee structure at these colleges ranges between IUNR 4 lakh and INR 22 lakh. The table below presents the top five private MBA colleges in Mumbai and their respective fee structure:| Private MBA Colleges | Total Tuition Fee |
| NMIMS Mumbai | INR 8 lakh to INR 20 lakh |
| JMIMS | INR 6 lakh to INR 7 lakh |
| S.P. Jain Inst. of Management and Research | INR 20 lakh to INR 22 lakh |
| St. Francis Inst. of Management & Research | INR 4 lakh to INR 5 lakh |
| Universal AI University | INR 9 lakh to INR 41 lakh |
Top Government MBA Colleges in Mumbai
Government MBA colleges in Mumbai include prestigious IIM, IIT, and more. These are ranked among the top 10 MBA colleges in Mumbai based on their fee structures. The following table represents the best government MBA colleges in Mumbai, along with their tuition fees:| Government MBA Colleges | Total Tuition Fee |
| IIM Mumbai | INR 9 lakh |
| IIT Bombay | INR 8 lakh to INR 20 lakh |
| BSE Inst. Limited | INR 2 lakh to INR 7 lakh |
| University of Mumbai | INR 2 lakh |
| SNDT College | INR 2 lakh |
Top 10 MBA Colleges in Mumbai Without CAT
There are multiple MBA schools in Mumbai that offer admission without CAT scores. Candidates have the option to submit other MBA exam scores for entering these institutes. The following table shows the list of popular MBA colleges in Mumbai that do necessitate CAT scores for admission procedure:| MBA Colleges | Accepted MBA Entrance Exams |
| JBIMS Mumbai |
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| NMIMS |
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| SIBM Mumbai |
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| DY Patil University School of Management |
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| MET Inst. of Management |
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| Welingkar Inst. of Management |
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| Amity Global Business School |
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| Tata Inst. of Social Sciences |
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| Guru Nanak Inst. of Management Studies |
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| Aditya Inst. of Management Studies and Research |
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Entrance Exams Accepted at MBA College in Mumbai
The widely accepted MBA entrance exam in Mumbai is MAH MBA CET. Besides this, MBA colleges here also consider CAT, XAt, MAT, ATMA, and other entrance exam scores for offering admission. The table below provides a comprehensive breakdown of the entrance exams and the number of colleges accepting the exams:| Exams | No. of Colleges |
| MAH CET | 130 |
| XAT | 76 |
| CAT | 91 |
| MAT | 74 |
| CMAT | 76 |
| ATMA | 68 |
Top MBA Colleges in Mumbai With Fee Structures
The best MBA colleges in Mumbai typically offer MBA courses with average fees ranging from INR 50,000 to INR 23 lakhs. The following table provides a compilation of the top MBA colleges in Mumbai, along with their fee requirements:| MBA Colleges | Average Annual Fees |
| IIT Bombay, Mumbai | INR 4,91,000 |
| JBIMS Mumbai | INR 3,50,000 |
| S.P. Jain Inst. of Management and Research, Mumbai | INR 20,42,000 (Total Fees) |
| NMIMS Mumbai | INR 71,000 |
| VBS Mumbai | INR 4,50,000 |
| IIM Mumbai | INR 7,03,000 |
| JAGSOM Mumbai | INR 22,40,000 (Total Fees) |
| Prin. L. N. Welingkar Inst. of Management Development and Research, Mumbai | INR 6,50,000 |
| SIES SBS Mumbai | INR 4,50,000 |
| K J Somaiya Inst. of Management, Mumbai | INR 9,59,000 |
MBA Colleges in Mumbai With Low Fees
The average fees for MBA programs offered by the top MBA colleges in Mumbai typically range from INR 1 lakh to 23 lakhs per year. However, several esteemed colleges in Mumbai provide MBA degrees at a highly affordable fee. The table below shows the MBA colleges in Mumbai with low fee requirements:| MBA Colleges | Average Annual Fees |
| ISMS Mumbai | INR 44,900 (Total Fees) |
| GICED | INR 71,000 |
| Mumbai University | INR 50,000 (Total Fees) |
| KCCMS Mumbai | INR 45,000 (Total Fees) |
| IIBMS Mumbai | INR 42,800 (Total Fees) |
Top MBA College in Mumbai with Good Placement
After completing the MBA degree from top MBA colleges in Mumbai, students get high-paying job offers from renowned companies across the world. Provided below are details of the placement package offered to graduates of the leading MBA colleges in Mumbai:| Name of the College | Average Annual Package (In INR) |
| IIT Bombay | 21,96,000 |
| SPJIMR, Mumbai | 19,50,000 |
| Prin. L. N. Welingkar Inst. of Management Development and Research | 8,61,000 |
| NMIMS | 15,00,000 |
| National Inst. of Industrial Engineering | 10,88,000 |
Top Recruiters at MBA Colleges in Mumbai
The table below shows the list of top recruiters of MBA colleges in Mumbai, along with their average salary packages:| College Name | Top Employers | Average Package |
| K J Somaiya Inst. of Management | Amazon, Google, , General Electric, HUL, Nestle, ITC, JnJ, Mondelez, Marico | INR 10 LPA |
| SPJIMR | Accenture Strategy, P&G, TCS, Deloitte, GMC, Mahindra,Ā HUL | INR 25 LPA to INR 30 LPA |
| SIES College of Management Studies | Apple, Microsoft, TCS, Google, Infosys, Cognizant, Tech Mahindra | INR 8 LPA |
| NMIMS | Asian Paints, Goldman Sachs, Marico, Pidilite, Dabur, ITC | INR 7 LPA to INR 19 LPA |
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MBA Colleges in Mumbai FAQs
Which MBA is best in Mumbai?
Esteemed MBA colleges in Mumbai include IIM Mumbai, IIT Bombay, JMIMS, NMIMS, and more.
What is fee for MBA in Mumbai?
MBA course fees in Mumbai range from INR 1 lakh to 23 lakh.
Which entrance exam is considered for MBA in Mumbai?
MAH MBA CET is the most widely accepted MBA entrance exam for admission to management colleges in Mumbai.
What is the lowest MBA fee in Mumbai?
The National Institute of Management, Mumbai, has the lowest MBA fee, amounting to INR 40,000 annually.
Can I do MBA without entrance exam in Mumbai?
Yes, candidates can pursue an MBA without clearing entrance exams in Mumbai, as some colleges in Mumbai offer direct admission to candidates.
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