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Top 10 MBA Colleges in Mumbai: Admission 2025, Fee, Placement Details
Mumbai, also known as the financial hub of India, has emerged as one of the most popular destinations for pursuing an MBA because of its dynamic industry presence, world-class institutions, and huge placement opportunities. The city is has over 190 MBA colleges, with privately institutions and government colleges. These institutes accept scores from national-level entrance exams such as CAT, XAT, and CMAT, among others.
Some of the popular names among the top MBA colleges in Mumbai include
- IIM Mumbai
- SPJIMR Mumbai
- KJ Somaiya Institute of Management
- SP Jain Institute of Management and Research (SPJIMR),
- BITSoM (Birla Institute of Technology and Science School of Management),
These colleges are known for their robust academic curriculum, experienced faculty, and strong industry interface. The average fee for MBA programs in top Mumbai colleges typically ranges from INR 6 lakhs to INR 28 lakhs, depending on the institute, specialization, and facilities provided.
If you’re aiming to pursue your MBA in Mumbai, this article provides a comprehensive overview of the top business schools in the city along with key information to help you make an informed choice.
List of Top 10 MBA/PGDM Colleges in Mumbai
Given below is list of top 10 Best MBA and PGDM Colleges in Mumbai along with their total fees
| Institutions Name | Course | Fee |
| IMM Mumbai | MBA | ₹14 Lakh |
| SPJIMR Mumbai | PGDM | ₹14.5l-24 l |
| KJ Somaiya Institute of Management | MBA | ₹13.48-21.34L |
| LN Welingkar Mumbai | PGDM | ₹14 Lakh |
| NMIMS Mumbai | MBA | ₹25Lakh |
| ITM Business School | MBA | ₹12.45 Lakh |
| SIES Mumbai | PGDM | ₹5.2-7 Lakh |
| Universal AI University | MBA/PGDM | ₹8.58l-16.28 L |
| DPU Mumbai | MBA | ₹9.5L-10 L |
| Bharti Vidyapeeth | MBA | ₹2.03Lakh |
Disclaimer: Sourced from the official website; details may be updated
NIRF Ranked MBA Colleges in Mumbai
| Colleges Name | NIRF 2024 | Total Fee |
| IIM Mumbai | 6 | INR 14 lakh |
| SPJIMR | 20 | INR 24 lakh |
| KJ Somaiya Institute of Management | 63 | INR 21 lakh |
| Welingkar Mumbai | 84 | INR 14 lakh |
Disclaimer: Sourced and verified from the official website of NIRF Ranking for accuracy.
Private MBA Colleges in Mumbai
Given below is list of best private MBA Colleges in Mumbai along with their respective fees
| Institution Name | Total Fees |
| SP Jain [SPJIMR], Mumbai | ₹22.5 Lakh |
| JBIMS Mumbai, | ₹7 Lakh |
| NMIMS Mumbai | ₹25 Lakh |
| KJ Somaiya Institute of Management, | ₹21.40 Lakh |
| SIESSBS, Mumbai | ₹8 Lakh |
| Amity University, Mumbai | ₹4.70 Lakh |
| KBS, Mumbai | ₹7 Lakh |
Disclaimer: Sourced and verified from the official website for accuracy.
Govt. MBA Colleges in Mumbai
Given below is list of best government MBA Colleges in Mumbai along with their respective fees
| Name of the College | Average Fees |
| IIT Bombay – Indian Institute of Technology, Mumbai | INR 1,00,000 |
| National Institute of Industrial Engineering, Mumbai | INR 14,06,000 |
Shailesh J. Mehta School of Management, Mumbai | INR 9,18,000 |
| Mumbai University, Mumbai | INR 1,10,000 |
| Hansraj Jivandas College of Education, Mumbai | INR 13,200 |
Shreemati Nathibai Damodar Thackersey Women’s University , Mumbai | INR 2,00,905 |
Disclaimer: Sourced and verified from the official website for accuracy.
Best MBA Colleges in Mumbai Low fee
Listed below is table of Best Low Budget MBA Colleges in Mumbai
| College Name | Total fees |
| ISMS, Mumbai | INR 44,900 |
| KCCMS, Mumbai | INR 45,000 |
| Savitribai Phule Pune University, Mumbai | INR 18,500 |
KJSCE, Mumbai | INR 39,390 |
| Mumbai University, Mumbai | INR 50,000 |
Best Online/Distance MBA Colleges in Mumbai
Listed below is table of Best Online MBA Colleges in Mumbai with fee
| College Name | Total fees |
| Amity Online MBA | INR 1.99 Lakh |
| DY Patil Online MBA | INR 1.89 Lakh |
| IGNOU MBA | INR 65.500 |
| INR 3 Lakh | |
| SPJIMR MBA | INR 12 Lakh |
Disclaimer: Sourced from the official website; details may be updated
Explore more about MBA Colleges in other Location
Best MBA Colleges in Mumbai- Ranking, Approvals, Exams, Fee, Packages
1. Institute of Management Mumbai
MBA [3 Electives]
CAT
300
₹14 L
₹33.70 LPA
₹54.20 LPA
2. SP Jain Institute of Management and Research, Mumbai
PGDM [3 Electives]
CAT, GMAT
120-240
₹14.5 L - 24 L
₹32 LPA
₹81 LPA
3. K J Somaiya Institute of Management
MBA [3 Electives]
CAT XAT NMAT CMAT MAT ATMA CUET
30-600
₹13.48 L - 21.34 L
₹12.45 LPA
₹28.25 LPA
4. Prin. L. N. Welingkar, Mumbai
PGDM [9 Courses]
CAT XAT ATMA CMAT
60-3600
₹94.4 K - 14 L
₹12 LPA
₹40 LPA
5. NMIMS School of Business Management, Mumbai
MBA [8 Courses]
MAH CET, NMAT
30-600
₹13 L - 25 L
25 LPA
67 LPA
6. ITM Business School, Navi Mumbai
MBA [10 Courses]
MAH CET, CAT MAT XAT NMAT CMAT ATMA
N/A
₹12.45 L
8.65 LPA
21 LPA
7. SIES College of Management Studies
PGDM [3 Courses]
CAT, MAT, XAT CMAT ATMA
30-120
₹5.2 L - 7 L
₹8.5 LPA
8. Universal AI University
MBA/PGDM
MAH CET, CAT GMAT
20-120
₹8.58 L - 16.28 L
₹8 - 10.77 LPA
9. DY Patil University School of Management
MBA [21 Electives]
MAH CET, MAT
45+
₹9.5 L - 10 L
₹4.6 LPA
10. Bharati Vidyapeeth's Institute of Management Studies and Research
MBA
CAT CMAT ATMA MAH CET
180
₹2.03 L
₹4.5 LPA
Best ROI of MBA Colleges in Mumbai
| College Names | Total Fee |
Average Package
|
|
Shailesh J. Mehta School of Management, IIT Bombay
|
₹8.6 lakh | ₹21.9 LPA |
|
National Institute of Industrial Engineering
|
₹12.5 lakh | ₹10.8 LPA |
| SPJIMR | ₹24 lakh | ₹30 LPA |
| NMIMS, Mumbai | ₹23 lakh | ₹21 LPA |
| Welingkar Mumbai | ₹14 lakh | ₹10 LPA |
Top Recruiters
| College Name | Recruiters |
|---|---|
| IIM Mumbai | McKinseyCompany, Deloitte, Hindustan Unilever, CapGemini, Cipla |
| SPJIMR | Amazon, GODREJ, KPMG, Flipkart, Hindustan Unilever |
| KJ Somaiya | Amazon, Airtel, BISLERI, Nomura, Book My Show |
| WE School | Amazon, CapGemini, ICICI, Tata Capital, RBL Bank |
| NMIMS Mumbai | Accenture, ICICI, Flipkart, Mahindra Group, PepsiCo |
| ITM Mumbai | Amazon, CapGemini, Deloitte, UBS, pwc |
| SIES Mumbai | Edelweiss Securities, Pantaloon, Emerson Electric, Berger Paints, Airtel |
| Universal AI University | Federal Bank, Bridgestone, PayTM, Jaro Education, Maruti Suzuki |
| DPU Mumbai | ICICI, CapGemini, Cognizant, HDFC Bank, Bata India |
| Bharti Vidyapeeth | Axis Bank, Aditya Birla Group, Blue Dart Aviation, Federal Bank, CRISIL |
Frequent Asked Questions
There are approx. 180+ Management Colleges in Mumbai, including private and public institutions
Following are the list of India's today ranked MBA colleges in Mumbai with respective rank
| SPJIMR | 4 |
| NMIMS | 9 |
| NITIE | 11 |
| KJ SIMSR | 25 |
| L N Welingkar Institute of Management Development and Research | 33 |
Some of the best PGDM Colleges in Mumbai are SP Jain Institute of Management, Welingkar Mumbai, SIES College of Management Studies and Universal AI University
There are several MBA entrance exams that accepted in Mumbai's Institutions some of the most popular are MAH CET, CAT, XAT, MAT
