In Mumbai, there are 190 MBA institutes that provide MBA programs. There are 137 MBA institutions that are privately held among them, and 11 MBA colleges that are owned by public or government entities. The leading MBA institutions in Mumbai accept candidates from CAT, XAT, and CMAT as their admission examinations. The three most well-known MBA programs in Mumbai are SPJIMR, IIT Bombay, and National Institute of Industrial Engineering.
Mumbai is home to some of the most renowned business schools in India, such as Jamnalal Bajaj Institute of Management Studies -JBIMS Mumbai, Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE), and Narsee Monjee Institute of Management Studies NMIMS Mumbai.
Mumbai, often referred to as the financial capital of India, stands as an eminent hub of MBA education, drawing aspirants from across the nation and beyond. This bustling metropolis is home to a plethora of esteemed business schools, each offering a unique blend of academic excellence and practical insights into the world of management MBA in Mumbai.
Here’s why Mumbai holds a special place in the hearts of MBA colleges like SPJIMR, JBIMS, NMIMS, and NITIE.
Types of MBA Colleges in Mumbai | Government or Public, University Affiliated, Private PGDM colleges |
Number of MBA colleges in Mumbai | 200 |
| Top MBA Colleges in Mumbai | IIM Mumbai, IIM Indore Mumbai campus, SPJIMR, JBIMS, IIT Bombay, NMIMS, SIMSREE |
MBA Fees in Mumbai | Rs.6 lakhs to Rs. 22 Lakhs |
Type of MBA Programs offered in Mumbai | 2 year MBA; AICTE-approved PGDM; Specialized MBA; 1 year MBA for working professionals; Executive MBA; FPM, Distance mba colleges in Mumbai |
MBA Specializations in Mumbai | International Business, Analytics, Banking, Finance, Insurance, Marketing, Human Resources, Healthcare & Hospital, Operations, IT & Systems, Business Analytics, Entrepreneurship, Family Business, Retail, Rural Management, Supply Chain among others |
Average Placements | Average Salary in Placements 2023 in Top MBA colleges in Mumbai stood in the range of Rs.15 to Rs.33 lakhs per annum |
Top Domains & Sectors for Career Growth | International Business, Marketing, Finance, Consultancy, HR, Analytics, Operations |
The admission process for MBA programs in Mumbai typically involves several stages and can vary from one institution to another. However, This article will provide you with a general overview of the common steps involved in the MBA admission process in Mumbai:
Eligibility Criteria:
Most MBA programs in Mumbai have specific eligibility criteria that applicants must meet. Common requirements include a bachelor’s degree to get admission to an MBA from a recognized university with a minimum percentage or CGPA, often around 50% or above.
Additionally, some institutions may have specific requirements related to work experience, particularly for Executive MBA programs.
Entrance Exam:
To apply for an MBA in Mumbai, you usually need to appear for a relevant entrance exam. Commonly accepted entrance exams include CAT (Common Admission Test), XAT (Xavier Aptitude Test), GMAT (Graduate Management Admission Test), or state-level exams like MAH-CET (Maharashtra Common Entrance Test) admission in Mumbai.
Your performance in the entrance exam plays a significant role in the selection process, for MBA admission in Mumbai.
Application Form Submission: Once you have your entrance exam scores, you need to fill out the application forms for admission to MBA, the MBA programs you wish to apply to. These forms are typically available on the respective institution’s website.
Pay attention to application deadlines, as missing them can disqualify your application.
Written Ability Test (WAT): Some institutions may include a written ability test as part of the MBA admission in Mumbai. This test evaluates your written communication skills and analytical thinking.
Document Verification: Before the start of the academic session, you may be required to submit copies of your academic certificates, and other necessary documents for verification.
The eligibility for MBA courses might vary from one college to another. However, the following are the fundamental requirements for admission to Mumbai’s best MBA college:
✅As a general requirement for admission to the MBA (full-time) program, candidates must have earned their bachelor’s degree in any subject or its equivalent from an accredited university.
✅The majority of institutions adhere to the average or comparable minimum score requirement of 50% for graduation. The required overall score for students in the reserved category is 45 percent.
✅Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.
MBA colleges in Mumbai typically admit students through various entrance exams, depending on the institution and the program. Here are some of the common MBA entrance exams that may be required for MBA admission in Mumbai:
| Exams | Number of Colleges |
|---|---|
| CAT | 91 |
| XAT | 76 |
| CMAT | 76 |
| MAT | 74 |
| ATMA | 69 |
Mumbai is the most popular location for MBA students in India. The top 5 MBA Colleges in Mumbai, according to reputable rankings, are SPJIMR Mumbai, NMIMS Mumbai, IIT Bombay, NITIE Mumbai, and JBIMS Mumbai. If we include further MBA schools in Mumbai, they include K J Somaiya, Welingkar, BITSOM, SDA Bocconi, SIMSREE Mumbai, SIES Mumbai, and IBS Mumbai.
—
| MBA college in Mumbai Rank & Grade Wise | NIRF Ranking 2023 |
| SPJIMR, Mumbai | # 4 |
| SJMSoM-IIT Bombay | # 13 |
| NMIMS, Mumbai | # 14 |
| NITIE Mumbai | AAA |
| JBIMS Mumbai | AAA |
| IIM Nagpur | # 27 |
| K J Somaiya Institute of Management, Mumbai | # 29 |
| Prin L N Welingkar Institute of Management Development and Research | # 32 |
| Tata Institute of Social Sciences (TISS) Mumbai | — |
Mumbai offers many possibilities for MBA students. Mumbai MBA fees come in a broad range depending on your budget. In addition, the majority of MBA programs in Mumbai provide scholarships, fee exemptions, and loan arrangements. Mumbai’s best MBA institutions as well as Government MMS/MBA universities have extremely different MBA cost ranges. Are you aware that JBIMS Mumbai has increased its cost from Rs. 2 lakh to Rs. 6 lakh, yet it is still low? Similar to IIMs, other top MBA colleges in Mumbai charge between 10 and 20 lakhs. But do not fret. There are a lot of excellent MBA institutions that cost between 5 and 10 lakhs and provide top-notch instruction and job placements. Let’s have a look at MBA tuition in Mumbai.
MBA college in Mumbai | Fee for 2 year MMS/MBA/PGDM (Rs. In lakhs) |
SPJIMR, Mumbai | Rs. 20.42 |
| NMIMS, Mumbai | Rs. 23.90 |
| IIM Mumbai (NITIE) | Rs. 14.63 |
| SJMSoM-IIT Bombay | Rs. 14.08 |
JBIMS Mumbai | Rs. 6.00 |
Rs. 1.89 | |
K J Somaiya Institute of Management, Mumbai | Rs. 19.95 |
Prin L N Welingkar Institute of Management Development and Research | Rs. 13.00 |
BITS School of Management – BITSOM | Rs. 25.72 |
SDA Bocconi Asia Center | Rs. 18.60 |
SIMSREE Mumbai | Rs. 2.35 |
SIES Navi Mumbai | Rs. 9.00 |
IBS Mumbai: ICFAI Business school | Rs. 9.09 |
ITM Navi Mumbai | Rs. 10.45 |
Chetana’s Institute of Management and Research | Rs. 7.85 |
MET Mumbai | Rs. 9.90 |
Vivekanand Business School (VBS) | Rs. 8.00 |
IES Management College And Research Centre, Mumbai | Rs. 9.12 |
N. L. Dalmia Institute of Management Studies and Research, Mumbai | Rs. 8.70 |
Rs. 6.10 | |
DSGS Mumbai | Rs. 7.25 |
Guru Nanak Institute of Management Studies, Mumbai | Rs. 7.00 |
Aditya School of Busines Management – ASBM Mumbai
| Rs. 7.80 |
Rs. 10.45 |
| 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 8.5 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: 8,578 | Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate |
All of the institutions providing the MBA programs from Mumbai University as well as TISS Mumbai are among the best MBA schools in Mumbai with affordable tuition. If you enroll in these MBA programs, the low-cost MBA in Mumbai ranges from Rs. 2 lakhs to Rs. 15 lakhs. Therefore, think carefully before deciding to enroll in one of Mumbai’s best MBA or PGDM programs. The following list of MBA institutions in Mumbai with affordable fees includes a cost structure that ranges from low to high:
MBA college in Mumbai with Low Fees | MBA Fee for 2 year full time program (Rs. In lakhs) |
Tata Institute of Social Sciences (TISS) Mumbai | Rs. 1.89 lakhs |
SIMSREE Mumbai | Rs. 2.35 lakhs |
JBIMS Mumbai | Rs. 6.00 lakhs |
Guru Nanak Institute of Management Studies, Mumbai | Rs. 7.00 lakhs |
DSGS Mumbai | Rs. 7.25 lakhs |
Aditya School of Busines Management – ASBM Mumbai | Rs. 7.80 lakhs |
Chetana’s Institute of Management and Research, Mumbai | Rs. 7.85 lakhs |
Vivekanand Business School (VBS), Mumbai | Rs. 8.00 lakhs |
SIES Navi Mumbai | Rs. 9.00 lakhs |
IBS Mumbai: ICFAI Business school | Rs. 9.09 lakhs |
IES Management College And Research Centre, Mumbai | Rs. 9.12 lakhs |
MET Mumbai | Rs. 9.90 lakhs |
ATLAS SkillTech University Mumbai | Rs. 10.45 lakhs |
ITM Navi Mumbai | Rs. 10.45 lakhs |
Prin L N Welingkar Institute of Management Development and Research | Rs. 13.00 lakhs |
SJMSoM-IIT Bombay | Rs. 14.08 lakhs |
IIM Mumbai (NITIE) | Rs. 14.63 lakhs |
| MBA Colleges | Exam Accepted | Cut off |
| SPJIMR, Mumbai | CAT | 95-96; |
|
SJMSoM-IIT Bombay |
CAT |
95-97; |
| JBIMS Mumbai | MAH CET, CAT, CMAT | 97-98 |
| Tata Institute of Social Sciences (TISS) Mumbai | TISSNET | 94-95; |
| NITIE Mumbai | CAT | 95-97; |
| BITS School of Management – BITSOM, Mumbai | CAT/GMAT/GRE | 85-90; |
|
NMIMS, Mumbai |
NMAT |
93-95; |
| IIM Nagpur |
CAT |
93-95; |
| SDA Bocconi Asia Center Mumbai | Bocconi Test, CAT, NMAT |
75-80; |
| SIMSREE Mumbai | MAH CET, CAT, CMAT | 91-94; |
| K J Somaiya Institute of Management, Mumbai | CAT, XAT, CMAT, NMAT | 85-90; |
| Prin L N Welingkar Institute of Management Development and Research | CAT, XAT, CMAT, ATMA |
75-80; |
| IMT Nagpur | CAT/XAT/CMAT | 80-85; |
|
SIES Navi Mumbai |
CAT, XAT, CMAT, MAH CET, MAT, ATMA | 75-80; |
| ITM Navi Mumbai | CAT, XAT, CMAT, GMAT, MAT, ATMA, MAH CET, NMAT | 75-80; |
| N. L. Dalmia Institute of Management Studies and Research, Mumbai | CAT, XAT, MHCET, CMAT, ATMA, MAT | 70-75; |
| MET Mumbai | CAT, XAT, CMAT, MAH CET, MAT, ATMA | 70-75; |
| ATLAS SkillTech University Mumbai | CAT, XAT, CMAT, MAH CET, MAT, NMAT, ATMA | 65-70; |
| Kohinoor Business School, Mumbai | CAT, XAT, CMAT, MAH CET, MAT, ATMA | 65-70; |
|
Vivekanand Business School (VBS) |
CAT, XAT, CMAT, MAH CET, MAT, ATMA |
70-75; |
|
IBS Mumbai: ICFAI Business school |
IBSAT, CAT, NMAT |
70-75; |
|
IES Management College And Research Centre, Mumbai |
CAT, XAT, ATMA, CMAT, MH-CET, MAT |
70-75; |
|
Chetana’s Institute of Management and Research, Mumbai |
CAT, XAT, ATMA, CMAT, MH-CET, MAT |
70-75; |
|
DSIMS Mumbai |
CAT/XAT/ ATMA/ CMAT/MAH-CET/MAT |
70-75; |
|
Aditya School of Busines Management – ASBM Mumbai |
CAT/XAT/ATMA/CMAT/MAH-CET/MAT |
70-75; |
|
Guru Nanak Institute of Management Studies, Mumbai |
CAT/XAT/ATMA/CMAT/MAH-CET/MAT |
70-75 |
MBA college in Mumbai with Placements | Average Salary in Placements 2023/latest placements (Rs.in lakhs) |
SPJIMR, Mumbai | Rs. 33.02 LPA |
SJMSoM-IIT Bombay | Rs. 28.88 LPA |
JBIMS Mumbai | Rs. 27.63 LPA (2022) |
Tata Institute of Social Sciences (TISS) Mumbai | Rs. 27.22 LPA |
IIM Mumbai (NITIE) | Rs. 25.40 LPA (2022) |
BITS School of Management – BITSOM, Mumbai | Rs. 23.85 LPA |
NMIMS, Mumbai | Rs. 23.07 LPA |
IIM Nagpur | Rs. 16.74 LPA |
SDA Bocconi Asia Center Mumbai | Rs. 14.30 LPA |
SIMSREE Mumbai | Rs. 13.33 LPA (2022) |
K J Somaiya Institute of Management, Mumbai | Rs. 12.23 LPA |
Prin L N Welingkar Institute of Management Development and Research | Rs. 12.25 LPA |
IMT Nagpur | Rs. 10.60 LPA |
SIES Navi Mumbai | Rs. 8.7 LPA |
ITM Navi Mumbai | Rs. 8.65 LPA |
N. L. Dalmia Institute of Management Studies and Research, Mumbai | Rs. 8.51 LPA (2022) |
MET Mumbai | Rs. 8.0 LPA (2022) |
ATLAS SkillTech University Mumbai | Rs. 7.80 LPA |
Kohinoor Business School, Mumbai | Rs. 7.50 LPA (2022) |
Vivekanand Business School (VBS) | Rs. 7.0 LPA (2022) |
IBS Mumbai: ICFAI Business school | Rs. 7.14 LPA |
IES Management College And Research Centre, Mumbai | Rs. 6.5 LPA (2022) |
Chetana’s Institute of Management and Research, Mumbai | Rs. 6.3 LPA (2022) |
DSIMS Mumbai | Rs. 6.00 LPA (2022) |
Aditya School of Busines Management – ASBM Mumbai | Rs. 5.50 LPA (2022) |
Guru Nanak Institute of Management Studies, Mumbai | Rs. 4.50 LPA (2022) |
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