Top MBA Colleges in Mumbai 2025: Ranking, Fees, Cut-off, Courses, Placements, Admission

Top MBA Colleges in Mumbai 2025 - Check the list of the best MBA colleges in Mumbai, Maharashtra with NIRF ranking, fees, cut-off, admission, brochure, placements, reviews, entrance exams, and eligibility criteria.

Mumbai is a city in Maharashtra. In Mumbai city, 100+ MBA colleges. These MBA colleges offer MBA courses in different modes with various MBA course specializations. You are looking for the Best MBA college in Mumbai city. Then this page is for you. This page will help you, through this you will find information about top MBA colleges in Mumbai their fees, and other related information that you want to know about the Top MBA college in Mumbai.

MBA course means Master of Business Administration. It is a 2-year duration course offered by the top MBA colleges in Mumbai. This course is offered by most of the MBA colleges in Mumbai full-time. However, some colleges offer MBA courses in Distance, Part-time, and Online mode. This course helps to teach management skills to the student during the course duration. This course is offered by top MBA colleges in Mumbai in various specializations like International Business, Analytics, Banking, Finance, Insurance, Marketing, Human Resources, Healthcare and hospital, Operations, IT and systems, Business Analytics, Entrepreneurship, Family Business, Retail, Rural Management, Supply Chain, etc.

After reading this page you will be able to get all information related to top MAB colleges in Mumbai (Maharashtra), fees, eligibility requirements, etc.

Top MBA Colleges in Mumbai 2025: Highlights

MBA courses are a two-year postgraduate degree program in top MBA colleges in Mumbai that offers vast career opportunities after course completion. The top MBA colleges in Mumbai prepare students for leadership roles in the business world and enable them to find work in varied industries in India as well as abroad.

The below table indicates the MBA course details:

What is an MBA?

In MBA classes, students dive into fundamental subjects like Finance Operations, Marketing, Human Resources, and Entrepreneurship. These MBA subjects are taught via classes as well as group projects, case studies as well as experiential learning. The MBA classes at Top Master of Business Administration (MBA) Colleges in Mumbai generally cover a variety of subjects, such as ethical business practices, organizational behaviour economy, analysis of data, and the process of making decisions.

Why Study MBA Courses?

MBA can help you improve your skills and gain exposure that you did not get from a bachelor's degree. There is no other degree that MBA is focused on enhancing the soft skills of communicating in a business setting as well as leadership, problem-solving teamwork, and negotiation. When you pursue an MBA from a Top Master of Business Administration (MBA) College in Mumbai you gain an understanding of management and business areas.

Promising Career: A Promising Career most straightforward method to boost the career of your choice is to pursue an MBA. Master of Business Administration. Students are focused on the career opportunities that come with an MBA. It's becoming more important to possess managerial capabilities and experience as the world gets ever more competitive.

Develops Management Skills: Many MBA specializations allow students to focus on a specific area of management in business. Each one of the specializations assists students in establishing careers in that specific field.

High Salary: Upon completion of the MBA course from Top MBA Colleges in Mumbai, almost every student is given an increase. Students can pick their dream employers through the placement options that colleges offer. Based on the institution, the average MBA pay ranges between INR 7,00,000 to INR 9,00,000. However, it could go as high as INR 15,00,000 up to INR 20,00,000 in certain instances.

Entrepreneurship Abilities: Ability to Become Entrepreneurial Learn about running an enterprise. For students who have family businesses, this can be particularly helpful. The business will function more efficiently and earn higher returns due to this method.

Top MBA College in Mumbai 2025

There are 100+ MBA colleges of which 114 MBA colleges are private and 10 MBA colleges are government. Some top MBA colleges in Mumbai include NMIMS School of Business Management, National Institute of Industrial Engineering, SPJIMR, NMIMS, K J Somaiya Institute of Management, Shailesh J. Mehta School of Management, etc.

According to the NIRF ranking, IIM Mumbai gets 7th rank with a NIRF score of 71.99 out of all the best MBA colleges in Mumbai (Maharashtra). The college offers MBA courses at Rs. 21,00,000 and has 338 MBA seats. The list includes IIT Bombay and SPJIMR Mumbai at the 10th and 20th spot, with NIRF scores of 68.11 and 60.91.

To get admission in an MBA course one has to complete their graduation with a minimum of 50% marks from a recognized university and any entrance exam like CAT, MAT, CMAT, GMAT, etc. Some colleges offer admission based on the marks which students scored in their graduation. Some may have been given admission based on entrance exams. These colleges accept any one of the entrance exams from National (CAT, MAT, CMAT, etc.), state, or college-specific entrance exams.

As per Times Ranking, N.L Dalmia Institute of Management Studies And Research ranked 23rd and SIES College of Management Studies ranked 24th are the best MBA colleges in Mumbai. These colleges offer 420 and 210 MBA course seats. The fees of this MBA college for MBA courses are from Rs. 2,47,000-20,18,000 whereas the average salary is Rs. 15,00,000-33,00,000 PA. Colleges that charge low fees of less than Rs. 3,50,000 PA are GNVS Institute of Management and Indira Institute of Business Management (IIBM).

Here are the top MBA colleges in Mumbai that offer MBA courses within the city:

Top Government MBA colleges in Mumbai

There are around 8 government MBA colleges in Mumbai, with affordable fees and prestigious names. It is one of the main reasons that most of the candidates prefer the top BBA colleges in Mumbai that are owned by the government. Additionally, they also get facilities like well-qualified faculty members, eminent alumni, state-of-the-art laboratories, high-quality education, and excellent accreditation.

As government colleges have limited seats and high competition, they only accept students who clear entrance exams with maximum marks and have high merits. Top government MBA colleges in Mumbai also provide scholarships to deserving candidates and those who have weaker economic backgrounds including expenses like hostel fees, transportation, and books. 

A list given below is the top government MBA colleges in Mumbai that offer MBA courses:

Top Private MBA Colleges in Mumbai

There are 117 privately owned top MBA colleges in Mumbai. Private colleges have great environments to study and there are many things to explore. Private colleges are more expensive than government colleges, mainly because of their amazing infrastructure, ac rooms, extracurricular activities, etc. Some of the colleges have affiliations with various MNCs which build the chances for student's placement after completion of the course.

A list given below is the top private MBA colleges in Mumbai that offer MBA courses:

Top MBA Colleges in Mumbai for Finance

1. SP Jain [SPJIMR], Mumbai
2. JBIMS Mumbai, Mumbai
3. IIM Mumbai - Indian Institute of Management, Mumbai
4. TISS Tata Institute of Social Sciences, Mumbai

Top MBA Colleges in Mumbai for Marketing

1. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
2. School of Business Management, NMIMS University - [SBM NMIMS], Mumbai\
3. KJ Somaiya Institute of Management, Mumbai
4. Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai

Top MBA Colleges in Mumbai for Human Resources Management

1. SP Jain [SPJIMR], Mumbai
2. IIM Mumbai - Indian Institute of Management, Mumbai
3. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
4. KJ Somaiya Institute of Management, Mumbai

MBA Colleges in Mumbai Accepting CAT

1. SP Jain [SPJIMR], Mumbai
2. JBIMS Mumbai, Mumbai
3. IIM Mumbai - Indian Institute of Management, Mumbai
4. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
5. KJ Somaiya Institute of Management, Mumbai

MBA specialization: Top MBA college in Mumbai

The top MBA colleges in Mumbai offer this program, which takes two years. However, Some of Mumbai's main full-time schools continue to deliver this program. On the other hand, many colleges have online, part-time, and distance-learning MBA programs. This course becomes a tool in students' education, and management skills during the academic year. In many different specialisations like international business, analytics, banking, finance, insurance, marketing, HR, health care and hospital, operations, IT and systems, business analytics, entrepreneurship, family business, retailing, rural management, supply chain, etc., this course is the most popular one and it is offered by the most famous MBA schools in Mumbai.

Following is a list of Top MBA colleges in Mumbai with MBA course specialization given below:

Entrance exams for MBA college in Mumbai

These tests are designed to evaluate the candidates' abilities in solving problems, performing calculations, and communicating effectively. Those who have passed the test are the ones who enter the other rounds meaning only the best students are coming in. The program sure is good but the stiff competition means the student has to be very well prepared to be successful.

Following is a table that shows the entrance exams accepted by top MBA colleges in Mumbai:

Top MBA college in Mumbai by NIRF Ranking

NIRF rankings are published annually based on data received by the framework. NIRF stands for National Institutional Ranking Framework. This platform was launched by MHRD to evaluate colleges offering higher education. NIRF ranks colleges offering higher education in 8 different streams. This ranking framework uses 5 different parameters to rank colleges.

A list is here in which some best colleges ranked by NIRF are given:

ROI for MBA college in Mumbai

Most graduates from the top MBA schools in Mumbai (MBA) go through career growth. The placement opportunities provided by the various establishments enable the students to go for the career path of their dreams. On average, an MBA salary, in various institutions, ranges from INR 7,00,000 to INR 9,00,000. On the other hand, it may even be as high as INR 15,00,000 or INR 20,00,000.

Following are some of the colleges with their average salary and course fees are as under:

Top Recruiters: Top MBA College in Mumbai

The top 10 MBA colleges in Mumbai include N.L Dalmia Institute of Management Studies And Research, Welingkar Institute of Management, SIES Management Institutes, etc. Top MBA colleges in Mumbai offer admission based on entrance exams like MAH CET, MAT, CAT, XAT, etc.

The table given below shows the recruiters are:

Eligibility Requirements for MBA College in Mumbai

The eligibility requirements for an MBA course in Mumbai may vary from college to college or university to university. The basic eligibility requirement to start an MBA is as given here:

1. Candidates have completed a bachelor's degree or equivalent qualification in any stream from a recognized university with a minimum of 50% marks.
2. Some MBA colleges in Mumbai accept scores from national-level entrance exams such as CAT, CMAT, or MAT. Candidates have to fulfil the minimum cutoff scores set by the colleges.

Admission Process MBA Colleges in Mumbai

To get admission to an MBA college Mumbai students have to follow these basic steps:

1. Academic Eligibility criteria for MBA Admission in Mumbai is a minimum 3 years of bachelor’s degree with a minimum of 50% marks in any discipline
2. Candidates have to appear in any of the entrance exams and also have to apply for MBA admission in their preferred college in Mumbai.
3. Students might be shortlisted first based on their entrance test score, graduation score, and work experience if applicable.
4. Attend the GD-PI Round after the shortlisting process.

Top MBA colleges in Mumbai: FAQs

Ques. How many MBA colleges are in Mumbai?

Ans. There are a total of 100+ best MBA colleges in Mumbai that offer MBA courses in full-time, part-time, and online Mode.

Ques. What are the top areas of Specialization in the MBA course at the top MBA college in Mumbai?

Ans. Travel and Tourism Management, Aviation Management, Communication and Media Management, International Business, Finance, Event Management, Hospitality and Hotel Management, etc.

Ques. Are SP Jain and SPJIMR the same?

Ans. Yes, they are. The full name of SPJIMR is SP Jain Institute of Management and Research.

Ques. Can students do an MBA after B.Com.?

Ans. Yes, students can do an MBA after pursuing a B.Com. Course.

Ques. Who are the top employers for MBA colleges in Mumbai?

Ans. Bain & Company, Facebook, Accenture, Capgemini, HubSpot, Amazon, Apple, Deloitte, TCS, Citigroup, etc.

Ques. Is IBS AICTE approved in Mumbai?

Ans. No. ISB Mumbai has not been approved by AICTE.

Ques. Is Amity Mumbai good for an MBA course?

Ans. Amity Mumbai offers students world-class infrastructure and advanced MBA education. Whereas, education at Amity Mumbai is a bit expensive.

Ques. Is the MBA course losing its value?

Ans. Due to an enormous number of students pursuing an MBA course every year, the course’s value has deviated a bit, but still, the MBA course is one of the most sought-after courses by recruiters in the corporate world.

Ques. How can students get a scholarship for an MBA course?

Ans. A good score on the entrance test, and Extensive research work in a particular field, are the through the students can get scholarships.

Ques. Which MBA course offers the highest salary?

Ans. MBA Business Analytics and MBA Marketing.

Ques. Why Mumbai is good for an MBA?

Ans. Mumbai is India's financial and commercial capital. Mumbai is also well known for trade and commerce.

Ques. Which college is best for an MBA in Mumbai?

Ans. IIT Bombay, JBIMS, Shailesh J. Mehta School of Management, National Institute of Industrial Engineering-NITIE, SP Jain Institute of Management and Research-SPJIMR, Amity Global Business School, etc are the best colleges for an MBA course in Mumbai city.

Ques. What is the highest MBA package in Mumbai?

Ans. Rs. 67.80 Lakhs Per Annum.

Ques. Which MBA colleges in Mumbai provide the best placement?

Ans. SP Jain [SPJIMR], Mumbai

Ques. Which MBA college has the highest average package?

Ans. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai

Ques. Is the Marketing branch the best course in MBA for a higher salary?

Ans. Yes, the Marketing branch is the best course in MBA for a higher salary.

Ques. Which college is best for Marketing placement?

Ans. SP Jain [SPJIMR], Mumbai

Ques. Which MBA colleges in Mumbai are for direct admission after the 12th?

Ans. Here are some of the MBA colleges in Mumbai for direct admission after the 12th.

1. Sahyadri Institute of Management & Research - [SIMR], Mumbai
2. Chanakya Institute of Management Studies and Research, Mumbai
3. Zenith Institute of Business Management - [ZIBM], Mumbai
4. Indian School of Management & Studies - [ISMS], Mumbai
5. Kaizen School of Business Management - [KSBM], Mumbai

Ques. Which college is best in Mumbai for an MBA degree?

Ans. Here are some of the best MBA colleges in Mumbai.

1. SP Jain [SPJIMR], Mumbai
2. JBIMS Mumbai, Mumbai
3. IIM Mumbai - Indian Institute of Management, Mumbai
4. TISS Tata Institute of Social Sciences, Mumbai
5. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai