Delhi NCR vs. Mumbai MBA Placements: Which City Pays Higher Base Salaries to Fresh Managers?

While top MBA colleges in Delhi NCR and Mumbai offer similar overall CTCs, Mumbai generally provides higher median salaries for fresh graduates/managers, especially in finance. Check the detailed comparison shared below to know which city is best to pursue MBA program and which institute provides a better median salary during placement. 

Sep 23, 2026, 23:35 IST
Delhi NCR vs. Mumbai MBA Placements: Which City Pays Higher Base Salaries to Fresh Managers?
Delhi NCR vs. Mumbai MBA Placements: Which City Pays Higher Base Salaries to Fresh Managers?

When comparing MBA placements in Delhi NCR vs Mumbai, it becomes clear that the city that provides better starting salaries to its new managers varies by sector and function. However, top colleges from both cities offer similar overall Cost to Company (CTC) packages, falling within ₹25 LPA to ₹35 LPA for the best institutes. While Mumbai traditionally offers a better package when it comes to the salaries in finance and front banking, Delhi NCR manages to balance it out with sectors like management consulting firms, IT companies, and business conglomerates present.

The comparison is broader and can be analyzed based on a list of top management schools in both Delhi NCR and Mumbai. To evaluate your options, we have provided a detailed comparison for both the cities, listing high-ranked institutes, the median salary offered during last placement year, and the minimum score required to get into these institutes. Check and analyse from the list provided below.

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Delhi NCR MBA Placements 2026: Colleges, Average Package, Rankings 

The table provides a comprehensive list of MBA colleges in Delhi NCR. It details, minimum scores required by each institution to secure admission in management program through CAT along with NIRF 2025 Ranking in management category, and most importantly Median salary offered in 2025-26 placement year. 

Clearly, Indian Institute of Technology Delhi gets an edge here and offers the highest median salary among the colleges in Delhi NCR. The median salary in LPA offered was 22.05 Lakhs in after completion of MBA program. 

Name
City
State
Score
Rank
Median Salary (LPA)
Indian Institute of Technology Delhi
New Delhi
Delhi
78.94
4
22.05 L
Indian Institute of Foreign Trade
New Delhi
Delhi
62.93
17
25 L
Jamia Millia Islamia
New Delhi
Delhi
60.06
28
12.60 L
IMI Delhi
New Delhi
Delhi
56.59
40
16.60 L
Jaipuria Institute of Management
Noida
Uttar Pradesh
56.46
41
8.85 L
Great Lakes Institute of Management
Gurgaon
Haryana
54.08
50
10 L
Fore School of Management
New Delhi
Delhi
52.23
59
15.52 L
Birla Institute of Management Technology
Greater Noida
Uttar Pradesh
52.09
61
10.50 L
Guru Gobind Singh Indraprastha University
New Delhi
Delhi
48.88
76
6.50 L
BML Munjal University
Gurgaon
Haryana
48.41
77
9 L
New Delhi Institute of Management
New Delhi
Delhi
47.25
86
9.50 L
Jamia Hamdard
New Delhi
Delhi
47.1
87
5.95 L
Jagan Institute of Management Studies
Delhi
Delhi
46.63
90
9.05 L

Mumbai MBA Placements 2026: Colleges, Average Package, Rankings 

Students aiming to target MBA institutes in Mumbai, can check a list of institutes shared below, listing the minimum score required, its NIRF 2025 Ranking and median salary.

Among the list, Indian Institute of Management, Mumbai stands out the most high yielding institution offering good return on investment. The median salary (LPA) offered during the 2025-26 placement year was 33 Lakhs. 

Name
City
State
Score
Rank
Median Salary (LPA)
Mumbai
Maharashtra
77.58
6
33 L
Mumbai
Maharashtra
65.82
14
26.73 L
Mumbai
Maharashtra
62.06
20
31.50 L
Mumbai
Maharashtra
60.99
24
20 L
Mumbai
Maharashtra
51.28
65
12 L
Mumbai
Maharashtra
49.08
75
11.50 L

Final Verdict: Who Wins Delhi NCR or Mumbai? 

After comparing institutions in Delhi NCR and Mumbai, as per the placement and ranking data, Mumbai wins the competition in providing higher median salaries for fresh MBA graduates compared to the other cities. 

While Delhi NCR offers multiple management institutions with rankings, the premium institutes of Mumbai such as IIM Mumbai offered INR 33 LPA and SPJIMR INR 31.50 LPA during 2025-26 placement cycle. Also IIT Bombay offered ₹26.73 LPA a much better pay packages as compared to those from Delhi NCR. Only IIFT managed to pay over ₹25 LPA median salary during the placement. 

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Jaya Gupta

Executive - Editorial

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