Best MBA Colleges In Mumbai

Explore top MBA colleges in Mumbai! Get details on courses, placements & fees. Find your ideal business school & elevate your career today!

Best MBA Colleges In Mumbai

190 MBA colleges in Mumbai offer MBA courses. Among them, 136 MBA colleges are privately owned, and public/government organisations own 11 MBA colleges. CAT, XAT, and CMAT are the most accepting entrance exams in the best MBA colleges in Mumbai. The National Institute of Industrial Engineering, IIT Bombay, and SPJIMR are Mumbai's most famous MBA institutes.

The revised position for some of the top MBA colleges in Mumbai is mentioned below:

  • The National Institute of Industrial Engineering improved its ranking by shifting to 7 in 2023 compared to 9 in 2022.
  • S. P. Jain, Institute of Management & Research, improved its ranking as it shifted to rank 20 in 2023 compared to 21 in 2022.

Latest Updates:

  • The MAT 2024 registration process is ongoing for the PBT exam, and the last date to apply is February 20, 2024. The last registration dates for the IBT Phase 1 and CBT exams are February 21, 2024, and March 5, 2024, respectively.
  • The XAT exam will be held on January 7, 2024. 
  • CAT exam 2023 results have been declared.
  • CMAT 2024 registrations will likely start in February 2024. 
  • MAT 2024 registrations are expected to begin in January 2024.
  • The last date to complete the ATMA application form is February 11, 2024. The February ATMA exam will be conducted on February 18, 2024.

Best MBA Colleges in Mumbai : Highlights 2024

MBA is one of the most popular post-graduate programs in Hyderabad. The two-year program is a gateway to many job opportunities in the corporate world. Students from any background, including Science, Commerce, and Humanities, can pursue an MBA. Such students should also possess essential skills such as excellent communication, leadership, problem-solving, management, research-oriented, strong mathematical skills, etc.



Particulars

Parameters

No. of Colleges

190

Annual Fees

INR < 1 lakh: 3 colleges

INR 1-2 lakh: 15 colleges

INR 2-3 lakh: 25 colleges

INR 3-5 lakh: 30 colleges

INR > 5 lakh: 80 colleges

Top Specialisations

Finance, Sales & Marketing, HR, BA, etc.

Accepted Entrance Exams

CATXATCMATMAT, etc.

How can a candidate gain admission to top MBA colleges in Mumbai?

The eligibility criteria for the MBA courses may differ from college to college. However, the essential eligibility criteria for top MBA colleges in Mumbai are as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as some essential eligibility criteria for MBA (full-time).
  • Most institutes follow the minimum score criteria for graduation, which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
  • Final-year graduation candidates are also eligible to apply for an MBA, provided they present proof of completion of graduation within the duration specified by the institute.

What are the entrance exams for MBA colleges in Mumbai?

The two most popular entrance exams accepted in MBA College in Mumbai are:

  • XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur, for admission to MBA/PGDM programs. XAT preparation needs at least six to nine months. Being one of the toughest MBA entrance exams among its peers, XAT requires dedicated time and effort.
  • CAT: The Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude. The preparation for the CAT exam should include phase-wise completion of the CAT syllabus, mock test practice, and revision.
  • MAT: The Management Aptitude Test, or MAT, is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September, and December. MAT exam is conducted offline (Paper-based test or PBT), online (Computer-based Test or CBT), and remotely proctored (internet-based Test or IBT) modes.

Exam Name

Dates

Schedule

CAT Exam 2023

26 Nov ‘23

CAT Schedule

XAT Exam 2024

7 Jan ‘24

XAT Schedule



Which is the best college for an MBA in Mumbai?

The National Institutional Ranking Framework (NIRF) ranks colleges every year. The ranking is based on parameters, and ranking changes yearly depending on the college/university's performance on infrastructure, placements, faculty, etc.



College Name

NIRF 2021

NIRF 2022

NIRF 2023

IIM Mumbai (formerly known as NITIE)

12

9

7

IIT Bombay

10

11

10

SPJIMR

19

21

20

NMIMS

22

25

21

KJ Somaiya Institute of Management

56

71

45

What are the top Private MBA colleges in Mumbai?

College Name

Total Tuition Fee/Seat Intake

Entrance Exam/Eligibility

SPJIMR Admission

INR 20 lakh - INR 22 lakh

Seats: 780

Entrance Exam: CAT

Graduation with 50% aggregate

NMIMS Admission

INR 8 lakh- INR 24 lakh

Seats: 990

Entrance Exam: NMAT

Graduation with 50% aggregate

Welingkar Institute of Management Admission

INR 94,000 - INR 14 lakh

Seats: 12,830

Entrance Exam: CAT, XAT, CMAT, ATMA

Graduation with 50% aggregate

K J Somaiya Institute of Management Admission

INR 17 lakh

Seats: 660

Entrance Exam: CAT, XAT, NMAT, CMAT

Graduation with 50% aggregate





What are the top Govt. MBA colleges in Mumbai?

Public Colleges

Total Tuition Fee/Seat Intake

Entrance Exam/Eligibility

IIT Bombay Admission

INR 8 lakh - INR 20 lakh

Seats: 172

Entrance Exam: CAT

Graduation with 60% aggregate

IIM Mumbai (formerly known as NITIE) Admission

INR 9 lakh

Seats: 338

Entrance Exam: CAT, GATE

Graduation with 50% aggregate

Sasmira’s Institute of Management Studies Admission

INR 4 lakh

Seats: 120

Entrance Exam: CAT, MAT, XAT, MAH CET

Graduation with 45% aggregate

University of Mumbai Admission

INR 2 lakh

Seats: 8,768

Entrance Exam: CAT, MAT, XAT, MAH CET

Graduation with 45% aggregate



What is the Average Fee of the Best MBA Colleges in Mumbai?

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.

College Name

Total Tuition Fee

Average Median Package

IIT Bombay MBA

INR 8 lakh - INR 20 lakh

INR 27 LPA

IIM Mumbai (formerly known as NITIE) MBA

INR 9 lakh

INR 21 lakh - INR 31 LPA

SPJIMR MBA

INR 20 lakh - INR 22 lakh

INR 25 LPA - INR 33 LPA

NMIMS MBA

INR 10 lakh

INR 19 LPA



Which top MBA colleges in Mumbai have the best placements?

College Name

Average Package

Top Recruiters

IIM Mumbai (formerly known as NITIE) Placements

INR 21 lakh - INR 31 LPA

Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, General Electric

IIT Bombay Placements

INR 27 LPA

Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, Cognizant

SPJIMR Placements

INR 25 LPA - INR 33 LPA

TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G.

NMIMS Placements

INR 19 LPA

Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC.