Top MBA Colleges in Mumbai

Updated: Aug 25, 2026 19:28 IST

Mumbai is recognised as one of the top destinations for getting a Master of Business Administration (MBA) degree. MBA Colleges in Mumbai offer specialisation courses as well. Colleges in Mumbai are also ranked by NIRF 2025-2025: Indian Institute of Management, Indian Institute of Technology Bombay, S. P. Jain Institute of Management and Research, and many more are all MBA colleges.

The college that offers the lowest fees in Mumbai is SIMSREE College for MBA; the fees are about INR 67,000, and the college that offers the highest fees, about INR 27,00,000, is NMIMS. The best average placement you can get from MBA colleges in Mumbai is from IIM Mumbai, which also offers the highest placement, about 70 LPA. To get more information about colleges, students must go through the data provided below

Best Government MBA Colleges in Mumbai

The table given below gives detailed information about the government colleges, their fees, placements, and cut-off.

College Name	Fees	Highest Placement	Cut off
IIM Mumbai	INR 25,00,000	INR 71.4 LPA	85 percentile
Shailesh J. Mehta School of Management (SJMSOM, IIT Bombay	INR 15,55,800	INR 53.80 LPA	98.8 percentile
Jamnalal Bajaj Institute of Management Studies (JBIMS)	INR 8,33,475	INR 80 LPA	99.99 percentile
SIMSREE Mumbai	INR 67,000	INR 22.50 LPA	99.75 percentile
University of Mumbai (Alkesh Dinesh Mody Institute)	INR 3,00,000	INR 9.60 LPA	95+ percentile
SNDT Women's University	INR 2,00,000 approx	-	-

Top Private MBA Colleges in Mumbai

The table given below provides details of private MBA colleges in Mumbai, their Fees, placements, and cutoff.

College Names	Fees	Highest Placement	Cut off
Narsee Monjee Institute of Management Studies (NMIMS - SBM)	INR 27,00,000	INR 41.2 LPA	209 Marks
SP Jain Institute of Management and Research (SPJIMR)	INR 22,66,000	INR 33.40 LPA	85-90 percentile
K. J. Somaiya Institute of Management	INR 12,35,500	INR 29.30 LPA	82-87 percentile
BITS School of Management (BITSoM)	INR 28,55,000	INR 50.10 LPA	94 percentile
SDA Bocconi Asia Center	INR 20,79,000 LPA	INR 36.50 LPA	85-90+ percentile
Welingkar Institute of Management Development and Research	INR 15,00,000	INR 18.75 LPA	99.9 percentile
SIES SCHOOL OF BUSINESS STUDIES (SIESSBS)	INR 10,00,000	INR 9 LPA	80+ percentile for MAT/CMAT/MAH-CET
IBS Mumbai	INR 2,40,000	INR 20 LPA	70 to 78 marks in the IBSAT exam.
NLDIMSR Mumbai	INR 16,50,000	INR 9.52 LPA	98-99 percentile

MBA Colleges Mumbai: Placement

The table given below shows colleges that have the best placements provided to students and top recruiters.

College Names	Highest Placement	Average Placement	Top Recruiters
IIM Mumbai	INR 71.4 LPA	INR 31.4 LPA	Adobe, Accenture, IndiGo, Infosys, and L'Oréal
SPJIMR	INR 33.40 LPA	INR 29.30 LPA	Antwalk, Avendus and Factspan
JBIMS	INR 80 LPA	INR 38.25 LPA	Abbott, Axis Bank, Mahindra and HSBC
SJMSOM, IIT Bombay	INR 53.80 LPA	INR 28.16 LPA	Paytm, Flipkart, mankind and castrol
NMIMS	INR 41.2 LPA	INR 24.6 LPA	Aditya Birla, Barclays, and Bandhan Bank
KJSIM	INR 29.30 LPA	INR 19.94 LPA	Deloitte, JP Morgan Chase & Co., Accenture, Infosys, and ITC
SIMSREE	INR 22.50 LPA	INR 15.10 LPA	Wipro, TATA Motors, Bank Of India, and Capgemini
SDA Bocconi Asia Center	INR 18.21 LPA	INR 4.10 LPA	ANZ Bank, Credila BC Consultants, Amrop and Board Infinity
Welingkar Institute of Management Development and Research	INR 18.75 LPA	INR 10.7 LPA	Accenture, Amazon, Deloitte, Morgan Stanley, HDFC Bank & ICICI Bank

Mumbai MBA Colleges with Low Fees

It is difficult to choose colleges that will fit in the budget; one of the colleges, like SIMSREE, offers the lowest fees for an MBA. To know more about such colleges, the table mentioned below will give students details about colleges that will fit their budget.

College Names	Low Fees
SIMSREE Mumbai	INR 67,000
Alkesh Dinesh Mody Institute	INR 3,00,000
IBS Mumbai	INR 2,40,000
SNDT Women's University	INR 2,00,000
Jamnalal Bajaj Institute of Management Studies	INR 8,33,475

MBA Colleges in Mumbai NIRF Ranking 2025

NIRF Ranking of Management Colleges in Mumbai 2025.

College Names	NIRF Ranking 2024	NIRF Ranking 2025
Indian Institute of Management, Mumbai	6	8
Indian Institute of Technology Bombay	10	14
S. P. Jain Institute of Management and Research	20	20
SVKM's Narsee Monjee Institute of Management Studies	21	24
K.J.Somaiya Institute of Management	63	65
Prin. L.N. Welingkar Institute of Management Development and Research (PGDM)	84	75

MBA colleges in Mumbai Accepting Direct Admission 2026

Students who want direct admission in MBA colleges in Mumbai can look at the table below to get a list of colleges that are providing direct admission

College Names	Admission process
ATLAS SkillTech University	Graduation degree with 50% aggregate
Amity University (Mumbai Campus)	Graduation with at least 50% aggregate and other national-level entrance exams
ITM Group of Institutions	Bachelor's degree from a recognised university with at least 50% aggregate and scores in other national-level entrance exams
Athena School of Management	Bachelor's degree from a recognised university with at least 50% aggregate, scores in other national-level entrance exams, and Candidates can appear in ASAT (Athena Scholastic Admission Test)
Vivekanand Business School (VBS)	Graduation degree with 50% aggregate and other national-level entrance exams

Specialisations offered by MBA colleges in Mumbai

Top MBA colleges in Mumbai providing Specialisations are listed below

Specialisations	College Names
Finance	JBIMS NMIMS School of Business Management, SPJIMR.
Operations & Supply Chain	IIM Mumbai SPJIMR NMIMS
Sales & Marketing	NMIMS SPJIMR K J Somaiya Institute of Management.
Human Resources (HR)	Tata Institute of Social Sciences (TISS) K J Somaiya NMIMS
Information Technology	IIT Bombay (SJMSOM), SPJIMR K J Somaiya

Eligibility criteria of MBA colleges in Mumbai 2026

The following are the eligibility criteria for admission to MBA colleges in Mumbai-

Students must have completed their bachelor’s degree, in any stream, from a recognized institute/college.
Minimum 50% score in Bachelor’s and 45% score for the reserved category.
Students who are in the final year of their Bachelor’s are also eligible to apply for courses. However, they have to submit proof of completion of their degrees within the given time duration specified by the institute.
Students applying for the course should be a resident of India (permanent). Students who belong to Rajasthan are given priority.

Admission Process of Mumbai MBA colleges

The most popular entrance exams for admission to an MBA, which are accepted by most of the colleges in mumbai, are: NMAT, XAT, CMAT, CAT, MAT, ATMA, etc. The colleges conduct additional selection rounds for students who pass these entrance exams.

Students are supposed to fill out the respective college/university admission application forms.
Students are selected based on merit lists released by the college/university.
Students have to submit the required documents for the admission process.

Upcoming Exam Calendar for MBA 2026-2028

The table mentioned below gives Tentative dates for MBA exams scheduled for 2026-2027.

Exam	Calender
CAT 2026	Registration opens: August 3, 2026 Registration closes: September 15, 2026 Admit Card Download: November 4, 2026 Exam date: November 29, 2026
NMAT 2026	Registration opens: August 20, 2026 Registration closes: October 10, 2026 Exam date: January 25
SNAP 2026	Registration opens: August 21, 2026 Registration closes: November 25, 2026 Admit Card Download- 1: December 7, 2026 2: December 11, 2026 3: December 18, 2026 Exam date 1: December 13, 2026 2: December 19, 2026 3: December 26, 2026
MAT 2026	(Paper-based Test) Registration closes: September 7, 2026 Admit card date: September 10, 2026 Exam date: September 13, 2026 (Computer-based Test) Registration closes: September 14, 2026 Admit Card Download: September 17, 2026 Exam date: September 20, 2026
CMAT 2027	Registration open: October 2026 Registration closes: November 2026 Admit Card Download: January 2027 Exam date- Tentative: January 24, 2027