Top 10 MBA Colleges in Mumbai; Rankings, Fees, Placements, Cutoffs

Top 10 MBA Colleges in Mumbai; Rankings, Fees, Placements, Cutoffs

Top 10 MBA Colleges in Mumbai; Rankings, Fees, Placements, Cutoffs

Top 10 MBA Colleges in Mumbai; Rankings, Fees, Placements, Cutoffs

Mumbai, formerly known as Bombay, is the financial capital of India and a preferred destination for MBA studies, offering high-quality education and ample job prospects. If you are planning to pursue MBA from Mumbai and looking for the best MBA colleges in Mumbai, you are at the right place. CareerMantra.org has researched over 30 MBA colleges in Mumbai and presents the list of MBA colleges in Mumbai including latest placements, fees, cut offs to help you choose the right MBA college in Mumbai.

The MBA program covers key aspects of management (marketing, finance, strategy/framework, human resources, organizational behavior, leadership and information technology, Accounting, Economics etc.). The curriculum is designed to strengthen the theoretical base, provide practical opportunities (internships, research, projects and workshops) to build both hard and soft skills, open a window of career opportunities and help you start your own venture.

Table of Contents

1. Top MBA Colleges in Mumbai as per NIRF Ranking

2. Best MBA Colleges in Mumbai as per current year Average Placement between 15 Lakh to 34 Lakh

3. Best MBA Colleges in Mumbai as per current year Average Placement between 8 Lakh to 15 Lakh

4. Best MBA Colleges in Mumbai as per Lowest Fee Structure & Best Placements

5. MBA Colleges in Mumbai Accepting Top Entrance Exams

6. Why to opt for MBA in Mumbai? Check Key USPs

1. Top MBA Colleges in Mumbai

Based on reputed Rankings, Best MBA colleges in Mumbai are IIM Mumbai, SPJIMR Mumbai, (formerly NITIE), IIT Bombay, NMIMS Mumbai and JBIMS Mumbai. If we expand this list, then TISS, K J Somaiya, Welingkar, BITSOM, SDA Bocconi, SIMSREE Mumbai are also popular MBA colleges in Mumbai. Check their latest Rankings below.

Name of CollegeNIRF Ranking 2024
IIM Mumbai6
Shailesh J. Mehta School of Management (IIT Bombay)10
S. P. Jain Institute of Management & Research20

SVKM`s Narsee Monjee Institute of Management Studies

21

K J Somaiya Institute of Management Studies and Research

63

Prin. L.N. Welingkar Institute of Management Development and Research

84

2. Best MBA Colleges in Mumbai as per current year Average Placement between 15 Lakh to 34 Lakh: 

All the best MBA colleges in Mumbai have a consistently high placement record. They record strong placements with high average placements in the range of Rs 15 to 34 lakh per annum. Check out the list of best MBA/PGDM colleges in Mumbai with average placements.

Name of the CollegeNIRF Ranking
Average Placements 
IIM Mumbai633.84 Lakh
S. P. Jain Institute of Management & Research
2033 Lakh
Shailesh J. Mehta School of Management (IIT Bombay)
1028.88 Lakh
Tata Institute of Social Sciences (TISS) MumbaiNA26.31 Lakh

Jamnalal Bajaj Institute of Management Studies (JBIMS)

NA26 Lakh
SVKM`s Narsee Monjee Institute of Management Studies
2125.13 Lakh
BITS School of Management (BITSoM)
NA23.41 Lakh
SIMSREE MumbaiNA15.25 Lakh

3. Best MBA Colleges in Mumbai as per current year Average Placement between 8 Lakh to 15 Lakh: 

All the best MBA colleges in Mumbai have a consistently high placement record. They record strong placements with high average placements in the range of Rs 8 to 15 lakh per annum. Check out the list of best MBA/PGDM colleges in Mumbai with average placements.

Name of CollegeNIRF RankingAverage Placements
SDA Bocconi School of Management
NA15.5 Lakh
K J Somaiya Institute of Management Studies and Research
6313 Lakh
Prin. L.N. Welingkar Institute of Management Development and Research
8412.88 Lakh
N. L. Dalmia Institute of Management Studies and Research
NA8.51 Lakh

4. Best MBA Colleges in Mumbai as per Lowest Fee Structure & Best Placements:

Name of the CollegeTuition FeesAverage Placement
Tata Institute of Social Sciences (TISS) Mumbai
1.89 Lakh26.31 Lakh
Jamnalal Bajaj Institute of Management Studies (JBIMS)
6 Lakh26 Lakh
SIMSREE Mumbai
2.35 lakh15.25 Lakh

5. MBA Colleges in Mumbai Accepting Top Entrance Exams:

Name of the CollegeEntrance Exam Accepted 
IIM MumbaiCAT
S. P. Jain Institute of Management & Research
CAT
Shailesh J. Mehta School of Management (IIT Bombay)
CAT
Tata Institute of Social Sciences (TISS) Mumbai
CAT
Jamnalal Bajaj Institute of Management Studies (JBIMS)
CAT & MAH-CET 
SVKM`s Narsee Monjee Institute of Management Studies
NMAT
BITS School of Management (BITSoM)
CAT, GMAT & GRE
SIMSREE Mumbai
CAT, XAT, CMAT & MAH-CET
SDA Bocconi School of Management
CAT, GMAT, GRE, NMAT & Bocconi Test
K J Somaiya Institute of Management Studies and Research
CAT, XAT, CMAT, GMAT, NMAT & CUET PG
Prin. L.N. Welingkar Institute of Management Development and Research
CAT, XAT, CMAT, GMAT & ATMA

Why do MBA in Mumbai? Check out the key USPs

So, why should you do MBA in Mumbai? Here are some of the main reasons that make Mumbai a very preferred MBA city.

1. Financial and Business Hub

Delhi serves as the political capital, while Mumbai is recognised as the financial and commercial capital of India. Bombay Stock Exchange, National Stock Exchange of India, SEBI all have their headquarters here. Hence, it is one of the world's top ten hubs of global financial transactions.

Major Indian companies and MNCs like Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, Aditya Birla Group also have their corporate headquarters in Mumbai. Mumbai is the hub of media, advertising and entertainment in India. By enrolling in the above-mentioned best MBA colleges in Mumbai, you will get a chance to be a part of the financial and business hub.

2. Bright Job and Career Prospects for MBAs

Mumbai is an ideal place for those seeking jobs in the financial sector. MBAs can apply for jobs in the banking and financial sectors in companies like HSBC, HDFC, Kotak Bank, ICICI Bank and Axis Bank. Mumbai also has plenty of jobs available in sales and marketing in companies like Unilever, P&G, Godrej and many more. As the media, advertising and entertainment hub of India, you have the opportunity to get employment in leading companies like Star TV, Sony TV, Zee TV, Times of India, Hindustan Times. India’s Best MBA colleges in Mumbai offer Bright job and career prospects for MBAs.

3. Hub of Best MBA Colleges

Finally, Mumbai is also a hub of education in management, technology and allied fields. Apart from MBA colleges like IIM Mumbai (formerly NITIE), SPJIMR, JBIMS, NMIMS, there are also premier institutes like Shailesh J Mehta School of Management (IIT Bombay) and Tata Institute of Social Sciences (TISS).

As mentioned above, Mumbai is a preferred MBA destination offering quality education and job opportunities. Based on prestigious rankings, the best MBA colleges in Mumbai are IIM Mumbai, SPJIMR Mumbai, Shailesh J Mehta School of Management (IIT Bombay), NMIMS Mumbai and JBIMS Mumbai. Next, BITSOM, TISS, K J Somaiya, Welingkar are also the best MBA colleges in Mumbai.

So, if you are planning to pursue MBA from Mumbai and searching for the best MBA colleges in Mumbai, the above information can be very helpful. Check out the list of prestigious MBA colleges in Mumbai. Also, check the best MBA colleges with latest placements, fees, cut off for the list given above and make the best decision.

You can also find best MBA colleges in these cities:

Top MBA Colleges in New Delhi       Top MBA Colleges in Bangalore       Top MBA Colleges in Pune

Top MBA Colleges in Hyderabad      Top MBA Colleges in Haryana          Top MBA Colleges in Kolkata

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