LIST OF TOP MBA/PGDM COLLEGES IN Mumbai with Ranking

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The top MBA colleges in Mumbai offer different management courses such as MBA and PGDM. The city has 109 private and 10 government MBA colleges at present.

  • Some of the top names in the city offering management education involve IIT Bombay, SP Jain Mumbai (SPJIMR), Narsee Monjee Mumbai (NMIMS), NITIE Mumbai, etc.
  • With such a wide range of colleges in the city, almost every MBA specialization is covered ranging from Finance and Marketing to Supply Chain Management and Urban Planning.
  • Admissions are done through top exams like CAT, XAT, MAHCET and MAT. Check the list of top MBA colleges in Mumbai accepting MAT score.
  • The average fees in the best MBA colleges in Mumbai vary roughly from INR 12-18 lakh for the duration of 2 years.

Read about Top MBA Colleges in Mumbai for HR

Top MBA Colleges in Mumbai: Ranking

Rankings of the top colleges in India are released by various agencies every year. These agencies release different lists like Top MBA Colleges in India, Top MTech Colleges in India, etc. Based upon different parameters like Perception of the College, Placements, Teacher-Student Ratio, etc., these lists are also released for different cities and states in India.

Some of the top agencies in India releasing such lists are NIRF, India Today, Economic Times, etc. Listed below are ranking of top MBA colleges in Mumbai with fees.

Top MBA Colleges in Mumbai: NIRF Ranking 2021

College Name NIRF Ranking 2021
SJMSOM, Indian Institute of Technology Bombay 11
National Institute of Industrial Engineering 12
S P Jain Institute of Management and Research 18
SVKM’s Narsee Monjee Institute of Management Studies 24
K. J. Somaiya Institute of Management Studies & Research 56
Principal L N Welingkar Institute of Management Development and Research 68

NIRF (National Institutional Ranking Framework) is the premier ranking agency in India and is run by the Ministry of HRD, Government of India. It releases the ranking lists for different colleges in India divided into 8 categories.

SJMSOM, IIT Bombay has been ranked as the best MBA college in Mumbai by NIRF. The institute has been given a rank of 11 in India by the national ranking agency in 2021.

  • Though the institute has been ranked as the best in Mumbai, it has seen a drop of 1 position in its rank compared to that in 2019.
  • Other colleges in Mumbai ranked by NIRF are SP Jain, NITIE, Narsee Monjee and KJ Somaiya.
  • The best improvement among these colleges has been shown by NITIE Mumbai which has jumped up by a whopping 17 ranks. The institute saw a drop of 15 ranks last year.

Top MBA Colleges in Mumbai: India Today Ranking

College Name India Today Ranking 2019
SP Jain Institute of Management and Research (SPJIMR) 4
Narsee Monjee Institute of Management Studies (NMIMS) 9
National Institute of Industrial Engineering (NITIE) 11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR) 25
L N Welingkar Institute of Management Development and Research 33
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) 39
N L Dalmia Institute of Management Studies and Research 80
Universal Business School 86
IES Management College and Research Center 144
Atharva Institute of Management Studies 171

SPJIMR Mumbai has been ranked as the best MBA college in Mumbai by India Today survey. It has been given a rank of 4 among all the top management colleges in India.

  • Othe popular MBA colleges in the city like Narsee Monjee, NITIE and KJ Somaiya have also been included in this list and are also ranked among the top 25 MBA colleges in India.
  • NITIE Mumbai, which wasn’t included in the list last year, is ranked at 11th position in India now.
  • IES Management College and Research Center still ranks at 144th position, but it has shown a tremendous improvement of 24 ranks.

Also, check:

Top Private MBA Colleges in Mumbai: ROI (Return on Investment)

ROI or Return on Investment tells how profitable it is to pursue a particular course from a particular college. Listed below are some of the top private MBA colleges in Mumbai ROI wise.

College Name Average Annual Fee Average Placement Package ROI Rank*
SIMSREE Mumbai INR 69,000 INR 10,92,000 1
KJ SIMSR Mumbai INR 2,60,000 INR 9,40,000 2
Narsee Monjee Institute of Management Studies (NMIMS) INR 9,25,000 INR 17,58,000 3
SIES College of Management Studies INR 3,97,000 INR 6,00,000 4
IES Management College and Research Center INR 4,00,000 INR 5,85,000 5
LN Welingkar Institute of Management Development and Research INR 11,00,000 INR 8,24,000 6

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}

SIMSREE Mumbai ranks as the best MBA college in Mumbai in terms of ROI. The institute charges a fees of just INR 69,000 per year and offers an average placement package of around INR 11 lakh to its students.

Top MBA Colleges in Mumbai Cutoff

Different colleges admit students on different basis like entrance exams and merit lists. Most of the colleges in Mumbai accept MAT score, and also give admission through CAT and CMAT. Listed below are some of the top MBA colleges in Mumbai with their cutoff scores.

Top MBA Colleges in Mumbai MBA Cutoff
SJMSOM IIT Bombay 90 (CAT)
SP Jain (SPJIMR) 92 (CAT)
Narsee Monjee (NMIMS) 209 (NMAT)
KJ Somaiya 86 (CAT)
Welingkar (WeSchool) Mumbai 80 (CAT)
NITIE Mumbai 90 (CAT)
SIMSREE Mumbai 144 (MAHCET)

Many of these colleges also offer MMS (Master of Management Studies) course. If you are interest in that, check the top 10 MMS Colleges in Mumbai.

Top MBA Colleges in Mumbai: Admission Process 2021

There are 119 top MBA colleges in Mumbai providing quality management education to students coming from different parts of the country. These include 109 private MBA colleges and 10 public-funded MBA colleges. The following bar shows the ratio of private MBA colleges in Mumbai to public MBA colleges in Mumbai.

top mba colleges in mumbai

Source: Official Survey

Admissions to the most popular top MBA colleges in Mumbai are done through popular MBA entrance exams. Some colleges in the city also give admissions on the basis of state level entrance exams.

  • The total intake of PG seats in management colleges in Maharashtra is 52,127 as per the latest AICTE data.
  • For management courses, the boys’ enrolment in the state is 24,195 while the girls’ enrolment is 16706.
  • Apart from the entrance exams, top MBA colleges in Mumbai also make students go through rounds of Group Discussion (GD) and Personal Interview (PI).
  • Many institutes also consider the past academic records of participating students.
  • Generally, the weightage given to Entrance Exam, GD/PI, and the past academic records are 65%-75%, 20%-30%, and 5% respectively.

Narsee Monjee Institute of Management Studies (NMIMS)

Narsee Monjee Institute of Management Studies (NMIMS) is one of the top 10 MBA colleges in India. The institute has campuses at multiple cities including Mumbai, Navi Mumbai, Pune, Chandigarh, Hyderabad, and Bangalore.

  • NMIMS Mumbai has scored 3.59 CGPA on the NAAC accreditation scale.
  • The institute has been ranked as the 9th best B school by India Today in 2019.
  • In April 2018, NMIMS earned the AACSB Accreditation, earned by less than 5% of the world’s business schools.
  • NMIMS’s MBA program is divided into 6 semesters.
  • The course curriculum includes special classes for French, Spanish and German languages to help students fetch better opportunities.
  • The full NMIMS MBA program is of 111 credits with 63 credits reserved for the first year and 45 for the second year. The remaining 3 credits are for the summer internship.

Check NMIMS Mumbai Courses and Fees Detail

The seat intake of NMIMS Mumbai MBA programs is given below:

narsee monjee mumbai mba seats intake 2021

Source: Official Institute Website

The institute is done with its placements for the 2020-21 batch and also with the summer placements for the 2021-22 batch.

  • 224 companies visited NMIMS campus for summer placements while 148 companies came for the final placements.
  • The highest package went to INR 38,57 LPA for domestic companies.
  • The highest stipend for the summer placements has been INR 3 lakh.

The table below gives a comparison between the batch 2019 and 2020 of Narsee Monjee Mumbai.

Batch 2019 2020
Gender Ratio (Male:Female) 62:38 62:38
Average Work Experience 18 months 18 months
Average Age 23 years 24 years
Professionally Certified Candidates 312 312

The past year trends for NMIMS Mumbai placements have improved tremendously. However, the institute offers multiple MBA courses. The course-wise placement comparison of NMIMS Mumbai MBA programs is shown in the graph below.

narsee monjee mumbai mba placements

Source: Official Institute Website

NMIMS has established itself as one of the top MBA colleges in Mumbai. Thousands of students come here from different parts of the country. The percentage of students from different parts of India are: 46% from West India, 31% from North India, 13% from East India, and 10% from South India.

Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay

With its Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay is also dominating in the management industry in India.

  • The institute has been ranked 4th in the QS World Rankings for 2019.
  • SJMSOM-IIT Bombay’s MBA program focuses on core concepts of Financing, Accounting, Operations and also on technology aspects like Technology Policy and R&D management.
  • Admissions to MBA are done on the basis of CAT score followed by a Written Ability Test.
  • The institute’s MBA program is divided into 8 terms covering a span of 2 years.
  • The first year offers 23 courses while there are electives for the second year.
  • Apart from the summer project at the end of the first year, SJMSOM also offers an option of a 1-month winter project at the end of the first 2 terms, i.e., the first semester.

Get more details of SJMSOM IIT Bombay MBA Placements.

The following table compares the batch 2017-19 and batch 2018-20 of SJMSOM-IIT Bombay.

Batch 2017-19 2018-20
Batch Size 110 113
Average Work Experience 24 months 27 months
Average Placement INR 20.8 lakh (Annual CTC) INR 1.77 lakh (Monthly Stipend)

Top MBA Colleges in Mumbai With Fees

College Name Average Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM) INR 4,24,000
National Institute of Industrial Engineering (NITIE) INR 3,50,000
S P Jain Institute of Management and Research (SPJIMR) INR 15,00,000
K J Somaiya Institute of Management Studies and Research (SIMSR) INR 3,33,000
Narsee Monjee Institute of Management Studies (NMIMS) INR 9,25,000
Prin. L.N. Welingkar Institute of Management Development and Research INR 55,000
SIES College of Management Studies INR 2,20,000
ICFAI Business School INR 4,00,000

Top MBA Colleges in Mumbai: Entrance Exam Wise

The top MBA colleges in Mumbai admit students through management entrance exams including CAT, XAT, NMAT, MAT, SNAP, GMAT, CMAT, MAHCET, ATMA, and IBSAT among a few others.

admissions in top mba colleges in mumbai

Source: Official Websites

Top MBA Colleges in Mumbai Accepting CAT Score

Common Admission Test or CAT is the most popular management entrance exam in India.

  • Every year, more than 2 lakh students appear for CAT. In 2019, CAT received 2.44 lakh applications for its exam on November 24.
  • Most of the top MBA colleges in Mumbai accept CAT score to admit students.
  • Even many technology institutes like IITs consider the score of CAT for their special management programs.

Following is a list of top MBA colleges in Mumbai accepting CAT score:

  • Shailesh J. Mehta School of Management, IIT Bombay
  • National Institute of Industrial Engineering-NITIE
  • SP Jain Institute of Management and Research-SPJIMR
  • Amity Global Business School

Out of the list of top MBA colleges in Mumbai, 41 accept the score of CAT so far. Some of these institutes also accept scores of certain different management entrance tests.

Top MBA Colleges in Mumbai Under CET

MAH CET or the Maharashtra Common Entrance Test is a common admission test conducted for MBA admissions in top colleges in Maharashtra.

  • The exam is conducted by the Directorate of Technical Education (DTE), Maharashtra.
  • MAH CET Syllabus consists of Logical Reasoning (75 questions), Abstract Reasoning (25 questions), Quantitative Aptitude (50 questions), Verbal Ability and Reading Comprehensions (50 questions).
  • It's score is accepted by more than 330 public/private top MBA colleges in Maharashtra and 39 colleges in Mumbai.
  • Most of the top MBA colleges release CET cut-offs which are generally 98.
  • The tentative registration dates for MAH CET 2020 are January 14, 2020-February 18, 2020.

Following is a list of top MBA colleges in Mumbai under CET:

  • Prin. L.N. Welingkar Institute of Management Development and Research-We School
  • Lala Lajpat Rai Institute of Management-LLIM
  • Xavier Institute of Management and Research-XIMR

Candidates who secure a place in the merit list released are eligible to participate in the counselling procedures of different management colleges. MAH CET result is valid for 1 year and the application fee is INR 1,000 for General category students.

Top MBA Colleges in Mumbai: Placement Wise

With some of the most premium management institutes located in the city, top MBA colleges in Mumbai placements have a lot to share.

  • An average MBA college in Mumbai gets 120+ placement offers every year.
  • NMIMS Mumbai witnessed 180+ recruiters visiting the campus this year.
  • The average CTC offered in these institutes remain around INR 12-15 lakh.

top mba colleges in mumbai placements

Source: Official Websites

Popular recruiters in these institutes include:

Kotak Mahindra Group Boston Consulting Group Bajaj Auto
PricewaterhouseCoopers Barclays Capital Bharati Airtel
Reserve Bank of India Bloomberg L’Oreal Paris
National Stock Exchange Bank of America IBM
UBS Godrej Hindustan Unilever

The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams. Check the top MBA colleges in Mumbai stream-wise by clicking on the links below:

Top MBA Colleges in Mumbai For Marketing

Marketing is one of the most-sought MBA specializations. Moreover, the sector is booming more than ever.

  • The advertising and marketing sector in India is expected to cross the $10 billion mark by the end of 2020.
  • The digital marketing sector is expected to grow at a compound annual growth rate (CAGR) of 33.5% till 2020.
  • Online marketing is also growing at a twofold-threefold rate.

Some of the top MBA colleges in Mumbai for marketing are:

  • Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)
  • S.P. Jain Global School of Management
  • Narsee Monjee Institute of Management Studies
  • ICFAI Business School

The average package in top MBA colleges in Mumbai for Marketing ranges from INR 6-8 lakh.

Top MBA Colleges in Mumbai For HR

Human Resource Management is an essential aspect of every IT industry and company. In the ever-advancing corporate world, HR managers ensure that every work is carried out sophisticatedly.

  • 72% of the companies worldwide believe that HR is an important element responsible for the proper functioning of the organization.
  • 83% of companies in South-Asia have prioritized HR tech advancements.
  • The global HR sector is expected to reach $30 billion by 2025.

Some of the top MBA colleges in Mumbai for HR are:

  • Jamnalal Bajaj Institute of Management Studies
  • Narsee Monjee Institute of Management Studies
  • Prin. L.N. Welingkar Institute of Management Development and Research
  • K. J. Somaiya Institute of Management Studies and Research

The average package in top MBA colleges in Mumbai for HR ranges from INR 5-7 lakh.

Also Check,

Top MBA Colleges in Mumbai: FAQs

Ques. Which is the best MBA college in Mumbai?

Ans. Given below is a list of best MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • Shailesh J. Mehta School of Management, IIT Bombay
  • National Institute of Industrial Engineering-NITIE
  • SP Jain Institute of Management and Research-SPJIMR
  • Amity Global Business School

Ques. Is MBA losing its value?

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

Ques. Which college is best for Finance in Mumbai?

Ans. Jamnalal Bajaj Institute of Management Studies has a good reputation for its MBA Finance course.

Ques. Is Amity Mumbai good for MBA?

Ans. Amity Mumbai offers students world-class infrastructure and highly sophisticated education for the MBA course. However, education at Amity Mumbai is a bit expensive.

Ques. Is SP Jain and SPJIMR the same?

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

Ques. How can I get a scholarship for MBA?

Ans. Many organizations and institutes offer scholarships for MBA programs. 2 best ways to get a scholarship are:

  • A good score in the entrance test.
  • Extensive research work in a particular field.

Ques. Which MBA gives the highest salary?

Ans. MBA Business Analytics and MBA Marketing are some of the most rewarding MBA specializations.

Ques. Is ISB better than IIM?

Ans. ISB and IIM, both have established themselves as the most premier management institutes in India. What separates them is the fact that ISB Hyderabad asks for a 5-year pre-MBA experience from applicants. Where as, IIMs don’t keep any such criterion.

Ques. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers a very good MBA course for the students. The institute has been ranked No. 4 in the world by QS World Rankings. The average CTC offered remains above INR 20 lakh.

Ques. Which private college is best for MBA?

Ans. Following is a list of some of the best private MBA colleges in Mumbai:

  • Jamnalal Bajaj Institute of Management Studies-JBIMS
  • SP Jain Institute of Management and Research-SPJIMR
  • Amity Global Business School
  • K J Somaiya Institute of Management Studies and Research
  • SIES College of Management Studies

Ques. Can I do MBA after B.Com.?

Ans. Yes, you can do MBA after pursuing a B.Com. course.

Ques. Does SP Jain have HR?

Ans. SP Jain offers PGPM in Marketing, Finance, and Operations Management.

Ques. Is IBS AICTE approved in Mumbai?

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

Ques. What are the fees of CAT exam?

Ans. The registration fees for CAT 2019 is INR 1900 for General and OBC candidates and INR 950 for SC/ST/PWD candidates.

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