If you are planning to pursue MBA from Mumbai and searching for the best MBA colleges in Mumbai then you are at the right place. Mumbai, also known as the “City of Dreams” or the “Finance Capital of India” has more than 260 MBA colleges. Out of which Around 57 MBA colleges in Mumbai are approved by AICTE and 17 MBA colleges in Mumbai are approved by UGC. This Top MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) programs Online, Offline as well as Distance Education Learning modes.
So read this article to check the list of Top 10 MBA colleges in Mumbai with Fees, Placements, Cutoffs, and much more. This will help you know all the important details about MBA colleges in Mumbai and help you to choose the right one.
About MBA Course
An MBA is a 2-year-long postgraduate degree course that offers several specializations including Marketing, Finance, Operations Management, etc. The course helps in developing business and management skills amongst future business leaders and entrepreneurs. Now, MBA programs offer through Online, Offline as well as Distance Education Learning modes. Apart from the regular two-year format, there is a part-time course and an executive MBA program also offered by Top MBA Colleges in India.
Given below is the list of specializations in MBA: –
- MBA in Marketing
- MBA in Finance
- MBA in General Management
- MBA in International Management
- MBA in Human Resource Management
- MBA in Operations Management
- MBA in Rural Management
- MBA in Logistics Management
- MBA in Information Technology
- MBA in Business Management
Top 10 MBA Colleges in Mumbai
ShikshaCoach has researched the best MBA colleges in Mumbai based on fees, placement, courses, ranking, and admission processes. and mentioned below a list of the Top 10 MBA colleges in Mumbai with Fees, Placements, Cutoffs, and much more. So read this article to know all the important details about Top MBA colleges in Mumbai.
SJMSOM IIT Bombay – Best MBA College in Mumbai
Shailesh J. Mehta School of Management (popularly known as SJMSOM or simply SOM) is a public business school in Mumbai, was established in 1995 with the aim of building more business leaders of tomorrow. and It is part of the Indian Institute of Technology Bombay. SJMSOM offers various courses such as MBA, Executive MBA, and Fellowship Programmes along with doctoral courses and Management Development Programs (MDP). SJMSOM accepts admission based on the scores of CAT /GMAT followed by group discussions and personal interviews for its Masters’s program in Management. Therefore, It is regarded as one of the best MBA Colleges in Mumbai.
Highlights:
- The College has been ranked 11 for NIRF 2022.
- The median CTC stood at INR 25.8 LPA while the highest package goes up to INR 49 LPA.
- The SJMSOM CAT Cutoff for admission to the Management Courses was the 98 percentile.
SJMSOM MBA Course Fees
| Course Program | Course Fee | Duration | Seats |
|---|---|---|---|
| MBA | INR 18.72 Lacs | 2 years | 152 |
| EMBA | INR 39 Lacs | 18 months | – |
NITIE Mumbai – Top MBA College in Mumbai
The National Institute of Industrial Engineering (NITIE) formerly known as the National Institute for Training in Industrial Engineering is a Government MBA College in Mumbai, established by the Government of India in 1963. NITIE Mumbai offers PGDIE and PGDIM as its flagship programs along with PGDSEM, PGDMM, PGDPM, PGDEx–VLFM, FPM, and certificate courses. NITIE Mumbai offers admissions to its PGDIM programs based on valid scores in CAT exams. It acts as a pioneer in the field of public higher education and is regarded as one of the best MBA Colleges in Mumbai.
Highlights:
- It is ranked 9th among the Top B-Schools of India as per NIRF 2022 rankings.
- In Placements 2022, 464 students were placed & 100% placement percentage was achieved. The highest CTC of NITIE Students bagged at INR 49 LPA and the average CTC stood at INR 25.41 LPA.
- NITIE Mumbai placement committee also offers internship opportunities to students.
NITIE Mumbai MBA Courses Fees
| Course program | Course Fee | Duration | Seat |
|---|---|---|---|
| PGDSM/PGDISEM | INR 14.6 Lacs | 2 years | 47 |
| PGDIE | INR 10.83 Lacs | 2 years | 140 |
| PGDIM | INR 13.93 Lacs | 2 years | 304 |
| PGDPM/ PGDMM | INR 12.53 Lacs | 2 years | 60 |
| FPM | INR 2.31 Lacs | 5 years | – |
SPJIMR, Mumbai – MBA College in Mumbai
S. P. Jain Institute of Management and Research (SPJIMR) is a well-known Private MBA College in Mumbai, India, Founded in 1981 under the aegis of Bharatiya Vidya Bhavan. SPJIMR is approved by the All India Council for Technical Education (AICTE). The institute offers several full-time and part-time management programs including Family Business Management, 2 Entrepreneurship programs, 2 Global programs, 1 executive, and 3 social sector programs. SPJIMR Mumbai offers admissions to its PGDIM programs based on valid scores in CAT/GMAT exams followed by Profile evaluation, WAT, and two sets of interviews.
Courses Programs
- Post Graduate Diploma in Management (PGDM)
- Post Graduate Executive Management Programme (PGEMP)
- Post Graduate Programme in Management (PGPM)
- Post Graduate Management Programme for Women (PGMPW)
- Post Graduate Programme in Development Management (PGPDM)
- Post Graduate Programme in Family Managed Business (PGP-FMB)
- Fellow Programme in Management (FPM)
Highlights:
- According to the NIRF Ranking 2022, SPJIMR Mumbai has been ranked at the 21st position among the Top MBA colleges in India.
- As per the SPJIMR, Mumbai placement record 2022, the highest CTC offered was Rs. 53.16 LPA to the students in the year 2022.
- SPJIMR, Mumbai is accredited by the National Board of Accreditation (NBA), The Association of MBAs (AMBA), UK, and The Association to Advance Collegiate Schools of Business (AACSB).
- Some of the top recruiters who visited the institute are Accenture, Amazon, BCG, Capgemini, BYJU’S, Infoedge, HCL, Bajaj, Axis Capital, and many more.
- The Institute also offers various facilities like a hostel for boys and girls and a library.
- SPJIMR also offers scholarships to FPM, GDP, and PGDM students.
- The institute has a campus size area of 45 acres.
SPJIMR Mumbai MBA Courses Fees
| Course Name | Total Fees |
| P.G.D.M | Rs. 20,42,000 |
| Post Graduate Programme in Management | Rs. 14,80,000 |
| Post Graduate Executive Management Programme | Rs. 8,00,000 |
| Post Graduate Management Programme for Women | Rs. 10,95,000 |
| Post Graduate Programme in Development Management | Rs. 1,50,000 |
| Post Graduate Programme in Family Managed Business | Rs. 11,35,000 |
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K.J. Somaiya Institute of Management – MBA College in Mumbai
K.J. Somaiya Institute of Management (KJSIM) formerly known as K. J. Somaiya Institute of Management Studies and Research (KJ SIMSR) is an autonomous MBA College in Mumbai was established in 1981 as a part of the K. J. Somaiya Trust and Somaiya Vidyavihar. and It is affiliated to Somaiya Vidyavihar University Mumbai. The institute offers full-time, part-time, and executive programs in Business Management along with Masters’s in Computer Applications and Doctoral Programmes. All the programs are approved by the AICTE and the University of Mumbai. Admission to the MBA program at KJ Somiaya Institute of Management based on CAT/ XAT / CMAT/ NMAT scores followed by CA-PI.
Highlights:
- The MBA program of the college is recognized under UGC.
- The average salary has surged to INR 10.98 LPA while the maximum salary offered was INR 26.50 LPA in 2022.
- Ranked 71st in the list of Top B-Schools of India by NIRF 2022 and Ranked 20th under the Private B-School category by IIRF 2022.
- Top recruiters included Google, HUL, GEP, HSBC, Amazon, Invesco, Crisil, Citi Bank, Morgan Stanley, Barclays, SAP, Deloitte, Accenture, and Capgemini.
KJSIM Mumbai MBA Courses Fees
| Course Name | Fees | Duration | Seats |
| MBA | 1994900 | 24 Months | 600 Seats |
| MBA Sports Management | 1994900 | 24 Months | 30 Seats |
| MBA Health Care Management | 1994900 | 24 Months | 30 Seats |
| Executive MBA | 817290 | 15 Months | – |
School of Business Management NMIMS, Mumbai
School of Business Management (SBM) of NMIMS, Deemed to be a University (as per UGC Norms) is one of India’s premier business schools and highly ranked MBA colleges in Mumbai, was established in 1981. School of Business Management (SBM) is a Department for Management Studies functioning under NMIMS University, Mumbai. NMIMS SBM Mumbai offers AICTE-approved management programs like MBA, Executive MBA, Enterprise Training for women, Management Development Programs, and PhD in Management. Admission to the NMIMS SBM has been done based on the entrance exam namely NMIMS-NMAT.
Highlights:
- The institute comes among the premier private B-schools in India with AACSB accreditation.
- It is ranked 4th in the Outlook-ICARE MBA rankings 2020 for Private B-Schools.
- SBM-NMIMS, Mumbai Placements have consistently achieved 100% record.
- The top recruiter visited in placement 2020 is Bain, Cognizant, Deloitte, EY, KPMG, PwC, IBM, Microsoft, Goldman Sachs, JP Morgan, Bank of America, Credit Suisse, Accenture, Google, Amazon, and Wipro.
NMIMS SBM Mumbai MBA Courses Fees
| Courses | Fees | Seats |
|---|---|---|
| MBA | 2080000 | 600 |
| MBA Entrepreneurship | 1500000 | 30 |
| Dual Degree In MBA | Rs. 24.04 Lakhs | – |
| MBA HR | 20,80,000 | 120 |
| M.B.A Pharmaceutical Management | Rs. 12.64 Lakhs | 120 |
| M.B.A Law | Rs. 14.03 Lakhs | 4 |
| EMBA | – | 60 |
| MBA (Part-Time) | 6,02,000 | 180 |
| PGDM Real Estate Management | Rs. 10.03 Lakhs | 60 |
JBIMS Mumbai – College for MBA in Mumbai
Jamnalal Bajaj Institute of Management Studies is the Department of Management Studies of the University of Mumbai. Jamnalal Bajaj Institute of Management Studies (JBIMS) is a private management institute in Mumbai Popularly referred to as a ‘CEO’s factory which was established in 1965. JBIMS offers MMS as its flagship program along with MHRD, M.Sc Finance, and PhD as full-time courses and a part-time MBA course. JBIMS Admission to its MMS Program is based on a valid CAT / MAH-CET score, followed by a Personal Interview.
Highlights:
- JBIMS is ranked 9th by the Indian Institutional Ranking Framework (IIRF) 2022 in the Management Category.
- JBIMS MUMBAI provides Various Facilities are Medical Support Systems, Gym, Sports Complex, Transport Facility, Library & Information Center, IT Centers, an Auditorium, Conference Hall, Centrally Air Conditioned and etc.
- The Institute has ranked 10th position by Outlook-ICARE 2022 among the Top MBA Colleges in India.
- The highest package offered at JBIMS was ₹30 lakhs per annum while the average salary was a record ₹18.91 lakhs per annum.
JBIMS Mumbai MBA Courses Fees
| Program | Fees | Duration | Seats |
| Master of Management Studies | INR 6.05 Lacs | 2 Years | 120 |
| MHRD | INR 7.05 Lacs | 2 Years | 30 |
| M.Sc. Finance | INR 3.04 Lacs | 2 Years | 40 |
| Part-Time MMS | INR 7,00,000 | 2 Years |
IES Management College And Research Centre, Mumbai -MBA College in Mumbai
IES MCRC (Management College and Research Centre) was established by the Indian Education Society. The institute was established in 1998 and is affiliated with the University of Mumbai. and It is recognized as one of the premier MBA colleges in Mumbai and the Top 50 management colleges in India. The college offers AICTE-approved post-graduation diplomas and master’s degrees in various fields of management including Master of Management Studies (MMS), PGDM, and PGDM (Pharmaceutical Management). Apart from its flagship program, IES MCRC also offers a doctoral-level PhD program to research scholars and academicians.
Admission at IES MCRC has been based on the CMAT/ GMAT/ XAT/ MAT/ CAT/ ATMA/ MH-CET entrance exam followed by a series of interviews conducted by Mumbai University.
Highlights:
- IES MCRC MBA College in Mumbai program is accredited with an MBA equivalence by the AIU.
- IES’s MCRC has been awarded “The Most Admirable Brand -2020” by NDTV.
- The Institute has a state-of-the-art campus with all modern technologies.
- The highest package offered at IES MCRC was INR 10 LPA while the average package was recorded as INR 5.7 LPA.
IES MCRC Mumbai MBA Courses Fees
| Course Name | Course Fee ( in INR) | Duration | Seats |
|---|---|---|---|
| PGDM ( Finance, Marketing, HR, Operations, Entrepreneurship Management, and Business Analytics) | 8.27 Lacs | 2 years | 210 |
| PGDM-Pharmaceutical Management | 7.27 Lacs | 2 years | 30 |
Welingkar Institute of Management Development & Research
Prin. L. N. Welingkar Institute of Management Development & Research, also known as Welingakar is one of the top MBA colleges in Mumbai, was established in 1977 and is Run by Shikshan Prasarak Mandali, Pune. Welingkar Mumbai is another best MBA College in Mumbai affiliated with the University of Mumbai. WeSchool Mumbai offers a 2-year full-time flagship PGDM program along with MMS, PGDM, PGPM & Doctoral PhD. & part-time Master Programs. Admission to the PGDM programs in the college has been done on the basis of CAT, XAT, ATMA, and GMAT scores.
Highlights:
- The college has 2 campuses, i.e. Mumbai and Bangalore.
- The institute has been ranked 68 in NIRF India Rankings 2022 in the management category.
- In placements 2021, a total of 358 companies visited the campus of Welingkar Mumbai. They offer the highest package of Rs 19.73 LPA whereas The average package stood at Rs 8.8 LPA.
- Welingkar Mumbai provides 4 hostels for its students, 2 each for boys and girls that are available within 2 km of the college.
- WeSchool Mumbai is recognized by UGC.
- The institute is accredited by the National Board of Accreditation (NBA).
Welingkar Mumbai MBA Course Fees
| Course Name | Course Fee ( in INR) | Duration | Seats |
|---|---|---|---|
| MMS | – | 2 Year | 120 |
| PGDM | Rs.13 Lakhs | 2 years | 180 |
| PGDM Business Design | Rs.13 Lakhs | 2 years | 60 |
| PGDM E-Business | Rs.13 Lakhs | 2 years | 120 |
| PGDM Research & Business Analytics | Rs.13 Lakhs | 2 years | 120 |
| PGDM Healthcare Management | Rs.13 Lakhs | 2 years | 60 |
| PGDM Retail Management | Rs.13 Lakhs | 2 years | 60 |
| PGDM Rural Management | Rs.13 Lakhs | 2 years | 60 |
| PGDM Media & Entertainment | Rs.13 Lakhs | 2 years | 60 |
N L Dalmia Institute of Management Studies And Research, Mumbai
N L Dalmia Institute of Management Studies and Research (NLDIMSR) is a well-known Private MBA college in Mumbai, Maharashtra affiliated with the University of Mumbai. It was Established in 1995 under the aegis of the N. L. Dalmia Educational Society, founded by the late Shri Niranjanlal Dalmia. The institute offers the Masters in Management Studies (MMS) and Post Graduate Diploma in Business Management. From 2020 onwards, the college has decided to take admissions only for Post Graduate Diploma in Business Management for a two-year full-time course.
Students need to obtain valid scores in national entrance exams CAT/XAT/MH CET/CMAT/ATMA/MAT to be considered for NLDIMSR PG programs admissions. Further, shortlisted candidates need to appear for group discussions and personal interviews conducted by the college. Then, a merit list is released for the final selection of students.
Highlights:
- NLDIMSR Mumbai has been accredited by the National Assessment and Accreditation Council (NAAC) with a grade of ‘A’.
- The institute is approved by the All India Council for Technical Education (AICTE) and accredited by the National Board of Accreditation (NBA).
- The total faculty is 28 at NL Dalmia Institute of Management Studies and Research.
- There was Highest CTC stood at INR 15.3 LPA and the Average Package stood at INR 8.51 LPA.
NLDIMSR Mumbai MBA Course Fees
| Course Name | Course Fee ( in INR) | Duration | Seats |
|---|---|---|---|
| PGDM | Rs.13.20 Lakhs | 2 years | 180 |
| PGDM Financial Management | Rs.13.20 Lakhs | 2 years | 120 |
MET Institute of Management, Mumbai
MET Institute of Management is a Private Management Educational Institute, that was established by the Mumbai Educational Trust in 1989 to provide higher education to build a career in the field of Management. It is ISO certified and affiliated with the University of Mumbai.
MET Institute of Management is considered one of the best MBA colleges in Mumbai which offers an AICTE-approved full-time 2-year residential flagship Master in Management (MMS) Program. With They aslo offer PG courses such as the Three Years Part-Time Master’s Degrees and PhD. Program in Management. Admission to MET Institute courses is done based on CAT/ MAT/ ATMA/ CMAT/ GMAT/ MH CET, etc entrance exams followed by GD and PI rounds.
Highlights:
- The Institute has been awarded ‘’Best Education Brand’’ By the Economic Times.
- Renowned companies participate in MET Institute of Management placements.
- The college is ranked 31st for MBA by Times in 2020.
- The highest salary was recorded as INR 15.5 LPA.
MET Institute of Management Mumbai MBA Course Fees
| Course Name | Total Course Fee (in INR) | Duration | Seats |
|---|---|---|---|
| MMS | 4.10 Lacs | 2 Year | 181 |
| MMS (Marketing) | 2.25 Lacs | 3 Years | 60 |
| MFM (Finance) | 2.25 Lacs | 3 Years | 60 |
| MHRDM (Human Resources) | 2.25 Lacs | 3 Years | 60 |
Top MBA College in Mumbai Fees Structure
| Collage Name | Total Course Fee (in INR) | Duration | Seats |
|---|---|---|---|
| SJMSOM | INR 18.72 Lacs | 2 years | 152 |
| NITIE Mumbai | INR 14.6 Lacs | 2 years | 47 |
| SPJIMR Mumbai | Rs. 20,42,000 | 2 years | – |
| K.J. Somaiya Institute of Management | Rs. 1994900 | 2 years | 600 |
| NMIMS SBM | Rs. 2080000 | 2 years | 600 |
| JBIMS | INR 6.05 Lacs | 2 Years | 120 |
| IES MCRC | Rs. 8.27 Lacs | 2 years | 210 |
| Welingkar Institute | Rs.13 Lakhs | 2 years | 180 |
| NLDIMSR | Rs.13.20 Lakhs | 2 years | 180 |
| MET Institute of Management | Rs. 4.10 Lacs | 2 Year | 181 |
FAQs
Q. Which institute is best for MBA College in Mumbai?
- SJMSOM
- NITIE Mumbai
- SPJIMR Mumbai
- K.J. Somaiya Institute of Management
- NMIMS SBM
- JBIMS
- IES MCRC
- Welingkar Institute
- NLDIMSR
- MET Institute of Management
Q. Is a hostel facility available at the MBA colleges of Mumbai?
Yes, almost all the MBA colleges of Mumbai offer hostel facilities with excellent facilities for students.
Q. What is the estimated fee of MBA colleges in Mumbai?
It is estimated fees of pursuing an MBA in Mumbai are approx Rs 5 lakh – Rs 20 Lakh.