MBA Colleges in Mumbai - Ranking, Fees, Admission

By Shubhra Anand Jain|Updated : February 23rd, 2022

MBA Colleges in Mumbai provide high-quality MBA education as well as excellent placement opportunities. Mumbai, also known as India's business capital”, is a popular destination for MBA aspirants as Mumbai offer high-quality education with great placement opportunities. There are more than 206 MBA colleges in Mumbai does which includes JBIMS Mumbai, JBIMS Mumbai, SJMSOM-IIT Mumbai and many more. 

Mumbai is a hub for education in management, commerce, technology and science, so you will get various MBA specialisations in colleges. In this article, BYJU’S Exam Prep experts have listed the top 10 MBA colleges in Mumbai so that the aspirants could make their preference list for MBA admission in Mumbai. Admission to MBA colleges in Mumbai is mainly through the MBA entrance exams including CAT, XAT, CMAT, MAT, GMAT, MAH-CET and many more.

Table of Content

MBA Colleges in Mumbai 

Note the table below to get an idea of the key highlights for the best MBA colleges in Mumbai.

Parameters

Details

Number of MBA colleges in Mumbai

180-300 (approximately)

MBA colleges in Mumbai Fees

The annual fee for MBA colleges in Mumbai varies from Rs 1 lakh to more than Rs 5 lakh.

Top Specialisation Offered by MBA colleges in Mumbai

  • Finance
  • Sales and Marketing
  • Operations
  • Human Resources
  • IT and Systems
  • Business Analytics
  • Entrepreneurship
  • International Business
  • Supply Chain
  • Healthcare and Hospital
  • Leadership

MBA colleges in Mumbai Entrance Exam

CAT, XAT, CMAT, MAT, GMAT, MAH-CET and many more.

MBA Colleges in Mumbai-NIRF Ranking

NIRF ranking is given by MOE, Government of India, based on various parameters including research, teaching and learning, professional activities and career opportunities Check the below table for best MBA colleges in Mumbai as per NIRF 2021 ranking. 

Sl No:

Best MBA Colleges in Mumbai 

NIRF Ranking 2021

1.

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

10

2.

National Institute of Industrial Engineering, Mumbai

12

3.

S. P. Jain Institute of Management and Research, Mumbai

19

4.

SVKM`s Narsee Monjee Institute of Management Studies

22

5.

K. J. Somaiya Institute of Management

56

6.

Principal L N Welingkar Institute of Management Development and Research

72

Top 10 MBA Colleges in Mumbai

As per NIRF 2021 ranking, IIT Bombay is one of the top MBA colleges in Mumbai.

Sl No:

Top 10 MBA Colleges in Mumbai 

Exam Accepted

1.

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

CAT/GMAT/CMAT

2.

S. P. Jain Institute of Management and Research, Mumbai

CAT/GMAT

3. 

JBIMS, Mumbai- Jamnalal Bajaj Institute of Management Studies 

CAT/GMAT

3.

SVKM`s Narsee Monjee Institute of Management Studies

NMAT

4. 

NITIE- National Institute of Industrial Engineering, Mumbai

CAT/GMAT/GATE

5. 

K. J. Somaiya Institute of Management

CAT/NMAT/GMAT/XAT/CMAT

6.

Principal L N Welingkar Institute of Management Development and Research

CAT/XAT/GMAT/CMAT/ATMA

7.

TIMSR-Thakur Institute Of Management Studies And Research, Mumbai

CAT/XAT/GMAT/CMAT

8.

TISS Mumbai

TISSNET

9.

Alkesh Dinesh Mody Institute For Financial And Management Studies, Mumbai

CAT/MAH-CET

10. 

IBS-ICFAI Business School, Mumbai

CAT/NMAT/GMAT/IBSAT

List of Best MBA Colleges in Mumbai

Apart from these top 10 MBA colleges in Mumbai, there are some other best institutes to study MBA in Mumbai. So. Do not be worried, if you are unable to secure a seat in the top 10 MBA colleges in Mumbai.

Sl No:

Best MBA Colleges in Mumbai 

Exam Accepted

1.

TGBS- Thakur Global Business School, Mumbai

CAT/MAT/XAT/CMAT/GMAT/ATMA/MAHCET

2.

SIESSBS-SIES College of Management Studies, Mumbai

CAT/CMAT/MAT

3.

BSS Foundation, Mumbai

CAT/CMAT/MAT

4.

NL Dalmia Institute Mumbai

CAT/XAT/CMAT/GMAT/ATMA/MAh-CET

5.

IES's Management College And Research Centre

CAT/MAT/XAT/CMAT/GMAT/ATMA/MAHCET

6.

Atharva Institute Of Management Studies

CAT/XAT/MAT/MAH-CET

7.

Chetana's Institute Of Management And Research, Mumbai

MAH-CET

8.

Amity University, Mumbai

CAT/MAT/GMAT

9.

SDA Bocconi Asia Center, Mumbai

CAT/NMAT/GMAT/GRE

10.

Athena School Of Management, Mumbai

CAT/NMAT/XAT/GMAT/CMAT

11.

Jagdish Sheth School Of Management, Mumbai

CAT/MAT/MAH-CET

12.

IISM Mumbai

MAT/CMAT/MAH-CET

13.

ISME School Of Management & Entrepreneurship, Mumbai

CAT/MAT/XAT/GMAT/CAT/ATMA

14.

National Academy Of Event Management & Development, Mumbai

MAH-CET

15.

St. Francis Institute Of Management And Research, Mumbai

CAT/XAT/GMATCMAT/MAH-CET

16.

BSE Institute Limited, Mumbai

NMAT/MAT/CMAT/MAH-CET

MBA Colleges in Mumbai- Admission Eligibility

If you want to pursue an MBA from the MBA colleges in Mumbai, then it is necessary to fulfil the eligibility criteria. However, the conditions for the MBA program's eligibility in Mumbai may vary by college. The following are the list of some basic eligibility criteria that the aspirants must fulfil to take admission in MBA colleges in Mumbai.

  • The aspirants must be graduated from any recognised university with at least 45-50% marks in aggregate.
  • They must have the score of any national level MBA entrance exams or state level MBA entrance exam, such as the MAH-CET exam. 
  • The final year graduation candidates can also register for MBA, but they have to show proof of graduation from their graduation college within the specified timeframe, declared by their desired MBA colleges in Mumbai.
  • If you want to join an executive programme then it is required to show at least 2-3 years of full-time work experience

MBA Colleges in Mumbai-Fees

Note the below table to know the approximate fees structure to study MBA in the best MBA colleges in Mumbai.

Sl No:

Best MBA Colleges in Mumbai 

Course Fees (Approximate)

1.

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

INR 2,26,600 (For one Year)

2.

S. P. Jain Institute of Management and Research, Mumbai

INR 22,10,000

3. 

JBIMS, Mumbai- Jamnalal Bajaj Institute of Management Studies 

INR 5,00,000

3.

SVKM`s Narsee Monjee Institute of Management Studies

INR 10,42,000 

4. 

NITIE- National Institute of Industrial Engineering, Mumbai

INR 13,43,000 

5. 

K. J. Somaiya Institute of Management

INR 18,78,876

6.

Principal L N Welingkar Institute of Management Development and Research

INR 6,84,000 (For one year)

7.

TIMSR-Thakur Institute Of Management Studies And Research, Mumbai

INR 4,25,000 (For one year)

8.

TISS Mumbai

INR 1,00,100

9.

Alkesh Dinesh Mody Institute For Financial And Management Studies, Mumbai

INR 2,00,000

10. 

IBS-ICFAI Business School, Mumbai

INR 16,00,000

11. 

Amity University, Mumbai

INR 5,00,000 (For one year)

12.

IISM Mumbai

INR 7,31,360

MBA Colleges in Mumbai-Top Recruiters 

After completing an MBA degree from any MBA college in Mumbai, you can get job opportunities to top MNCs in Mumbai and across the world. Here is a list of top recruiters for Mumbai MBA colleges.

  • Dentsu Aegis
  • Future Group
  • Google
  • JWT
  • Leo Burnett
  • Lowe Lintas
  • Ogilvy
  • HP
  • Goldman Sachs
  • Britannia
  • Johnson & Johnson
  • Capgemini
  • Nestle
  • Deutsche Bank
  • RBL Bank
  • Proctor & Gamble
  •  Wipro
  • ICICI Bank
  • Delloite
  • Accenture
  • TATA Motors
  • TVS,
  • Cognizant Business Consulting
  • KPMG
  • General Electric
  • CyberTech Systems and Software
  • Global Logic
  • L&T Infotech
  • Mainstay
  • Reliance Communication
  • Saint Gobain
  • Tech Mahindra
  • Yes Bank
  • Siemens
  • Hexaware Technologies
  • Barclays Investment Bank
  • Ernst & Young
  • Infosys
  • JP Morgan Chase & Co
  • Nielsen 

MBA Colleges in Mumbai-Top MBA Specialization

Note the below table to get an idea about the top MBA specialisation offered by MBA colleges in Mumbai. 

  • MBA in Sales and Marketing
  • MBA in Finance
  • MBA in Human Resource Management
  • MBA in Business Operations
  • MBA in International Business
  • MBA in Information Technology and Information Systems
  • MBA in Logistics and Supply Chain
  • MBA in Business Analytics
  • MBA in Leadership and Entrepreneurship
  • MBA in Healthcare and Hospitality

MBA Colleges in Mumbai accepting MAH-CET Score

The MBA colleges in Mumbai accepting MAH-CET scores are listed below:

  • BSE Institute Limited, Mumbai
  • St. Francis Institute Of Management And Research, Mumbai
  • National Academy Of Event Management & Development, Mumbai
  • IISM Mumbai
  • Jagdish Sheth School Of Management, Mumbai
  • Chetana's Institute Of Management And Research, Mumbai
  • Atharva Institute Of Management Studies
  • IES's Management College And Research Centre
  • NL Dalmia Institute Mumbai
  • SIESSBS-SIES College of Management Studies, Mumbai
  • TGBS- Thakur Global Business School, Mumbai
  • Alkesh Dinesh Mody Institute For Financial And Management Studies, Mumbai
  • JBIMS, Jamnalal Bajaj Institute of Management Studies, Mumbai

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FAQs

  • As per NIRF ranking 2021, SJMSOM IIT Bombay is the best MBA colleges in Mumbai.

  • No. If have studied hard for MBA entrance exams and score the cutoff marks as per your desired MBA colleges in Mumbai for admission, you will be able to get admission to colleges. 

  • The top 10 MBA colleges in Mumbai are listed below: 

    1. IIT Bombay
    2. S P Jain, Mumbai
    3. JBIMS, Mumba
    4. Narsee Monjee Institute of Management Studies
    5. NITI, Mumbai
    6. K J SIMSR
    7. TIMSR, Mumbai
    8. Welingkar Mumbai
    9. TISS Mumbai
    10. Alkesh Dinesh Mody Institute


  • Anyone with a three-year bachelor's degree or equivalent with 50% marks (45% for SC/ST/PWD) or equivalent qualification is acceptable for admission in MBA colleges in Mumbai. Additionally, they have to show the score of any of the MBA entrance exams. 

  • You can start your career as a trainee or in a managerial post at several companies. Students can potentially pursue other research studies after completing an MBA degree from MBA colleges in Mumbai. 

  • The MBA colleges in Mumbai accepting CAT and XAT scores are listed below:

    • SJMSOM IIT Bombay - Shailesh J. Mehta School of Management, Mumbai
    • S. P. Jain Institute of Management and Research, Mumbai
    • JBIMS, Mumbai- Jamnalal Bajaj Institute of Management Studies
    • NITIE- National Institute of Industrial Engineering, Mumbai
    • K. J. Somaiya Institute of Management
    • Principal L N Welingkar Institute of Management Development and Research


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