Best MBA Colleges in Mumbai | Ranking, Fees, Admission 2025, Courses, Placements

Table of Contents

• Why pursue an MBA in Mumbai?
• MBA Colleges in Mumbai Accepting Entrance Exams
• MBA Colleges in Mumbai Without Entrance Exam
• Popular Entrance Exams for Best MBA Colleges in Mumbai
• Mat accepting colleges in Mumbai
• Xat accepting colleges in Mumbai
• CMAT Accepting MBA Colleges in Mumbai
• Best MBA Colleges in Mumbai with NIRF Ranking 2024
• Best Private MBA Colleges in Mumbai: Fees, Admission, Seat, Eligibility, Entrance Exams
• Best Govt. MBA Colleges in Mumbai: Fees, Admission, Seat, Eligibility, Entrance Exams
• Top 10 MBA Colleges in Mumbai with Fees Structure
• Highest Salary Offered by Best MBA Colleges in Mumbai
• Top MBA Colleges in Mumbai with Low Fees
• Best MBA Colleges in Mumbai: Cutoff 2025
• Specialisations Offered by Best MBA Colleges in Mumbai
• Best MBA Colleges in Mumbai Admissions 2025
• How to Find the Best MBA College in Mumbai?
• Vivekanand Busienss School- Best MBA/PGDM College in Mumbai
• Conclusion

Why pursue an MBA in Mumbai?

Mumbai, known as India’s financial capital, has a lively environment for future business leaders. Persuing an MBA in Mumbai offers great chances to explore different industries. You’ll meet many professionals and connect with top business schools in the country. Mumbai has top MBA colleges in India. They are known for tough courses, skilled teachers, and strong industry connections. The city’s dynamic corporate environment ensures that MBA graduates are well-prepared to tackle real-world challenges and excel in their careers. This article provides a detailed guide on the top MBA colleges in Mumbai, their ranking, fees, admission process for 2025, specializations, placements, and cutoffs. If you are searching for the best MBA colleges in Mumbai, this guide will help you make an informed decision.

MBA Colleges in Mumbai Accepting Entrance Exams

Top MBA colleges in Mumbai mainly consider entrance exam scores for admission. Here’s an overview of the prominent exams and the colleges that accept them:

• Common Admission Test (CAT): This test is accepted by top schools such as S.P. Jain Institute of Management and Research (SPJIMR), Shailesh J. Mehta School of Management (SJMSOM) at IIT Bombay, and Jamnalal Bajaj Institute of Management Studies (JBIMS).
• Xavier Aptitude Test (XAT): Accepted by institutes like SPJIMR and other esteemed colleges.
• Management Aptitude Test (MAT): Accepted by many top MBA colleges in Mumbai, including private Institutes.
• Maharashtra Common Entrance Test (MAH CET): Specifically for colleges in Maharashtra, including JBIMS and other state-affiliated institutes.
• Graduate Management Admission Test (GMAT): Accepted by various institutes for their executive MBA programs and by international candidates.

MBA Colleges in Mumbai Without Entrance Exam

While most top MBA colleges in Mumbai require entrance exam scores, some institutions offer alternative admission routes:

• Management Quota Seats: Certain private colleges reserve a percentage of seats under management quota, allowing direct admissions based on academic performance and personal interviews.
• Institutional Entrance Exams: Some institutes conduct their own entrance tests for candidates who haven’t appeared for national-level exams.
  
  It’s crucial to verify the credibility and recognition of such programs before applying.

Popular Entrance Exams for Admission in Best MBA Colleges in Mumbai 

Understanding the key entrance exams is essential for aspirants aiming for top MBA colleges in Mumbai:

• CAT: A national-level exam conducted annually, serving as a gateway to premier institutes across India.
• XAT: Managed by XLRI Jamshedpur, it’s another significant exam for admission into various management programs.
• MAT: Conducted multiple times a year by the All India Management Association (AIMA), offering flexibility for students.
• MAH CET: A state-level exam specifically for colleges in Maharashtra, including several in Mumbai.
• GMAT: This is a global test. Many Indian institutes accept it, especially for executive programs and international students.
• CMAT: Conducted by the National Testing Agency (NTA), CMAT is a widely accepted management entrance exam for AICTE-approved institutions, including top MBA colleges in Mumbai. It evaluates candidates on their aptitude, logical reasoning, and general awareness, offering another key pathway to a successful management career.

MAT Accepting MBA Colleges in Mumbai

Several MBA institutes in Mumbai accept MAT scores for admission. Some of these include:

• K.J. Somaiya Institute of Management Studies and Research: Known for its robust curriculum and excellent placement records.
• SIES College of Management Studies: Provides various specializations that focus on real-world learning.
• Chetana’s Institute of Management and Research: Emphasizes practical exposure and holistic development.

XAT Accepting MBA Colleges in Mumbai

Top colleges in Mumbai that consider XAT scores for admission include:

• SPJIMR: A premier institute offering a range of management programs with a strong emphasis on value-based education.
• Xavier Institute of Management and Research (XIMR): Focuses on creating socially responsible leaders with a global perspective.

CMAT Accepting MBA Colleges in Mumbai

MBA aspirants looking for management education in Mumbai can consider several top MBA colleges that accept CMAT scores for PGDM/MBA admission. Here are some of the Top MBA Colleges in Mumbai:

• Vivekanand Business School (VBS) – A leading AICTE-approved B-school known for its industry-focused PGDM program, strong corporate tie-ups, and excellent placement opportunities.
• Jamnalal Bajaj Institute of Management Studies (JBIMS) – One of Mumbai’s top-ranked management institutes, offering high ROI placements and an extensive industry network.
• Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) – A reputed government management institute that provides quality education with affordable fees and strong placement support.
• Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) – Known for its innovative teaching methods and strong industry collaborations, making it a top choice for CMAT aspirants.

Best MBA Colleges in Mumbai with NIRF Ranking 2024

The National Institutional Ranking Framework (NIRF) provides annual rankings for educational institutions in India. According to the NIRF 2024 rankings, the top MBA colleges in Mumbai are:

• Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay: Renowned for its rigorous academic environment and research-oriented approach.
• SPJIMR: Offers innovative programs and has a strong industry interface.
• National Institute of Industrial Engineering (NITIE): Specializes in industrial management and engineering.
• JBIMS: Known for its legacy and strong alumni network in the corporate sector.
• Narsee Monjee Institute of Management Studies (NMIMS): Offers a wide array of management programs with a focus on research and innovation.

Best Private MBA Colleges in Mumbai: Fees, Admission, Seat, Eligibility, Entrance Exams

Here are some of the top private MBA colleges in Mumbai:

Vivekanand Business School (VBS)

• Fees: Approximately INR 9.5 lakhs.
• Admission: Based on CAT /XAT /MAT/ MAH-CET/ CMAT/ GMAT/ ATMA scores, followed by group interviews and discussions.
• Seats: Around 180 for the flagship PGDM program.
• Eligibility: Graduated from any recognized Indian university with a minimum 50% marks.

SPJIMR:

• Fees: Approximately INR 20-24 lakhs.
• Admission: Based on CAT/XAT/GMAT scores, followed by group interviews and discussions.
• Seats: Around 240 for the flagship PGDM program.
• Eligibility: Bachelor’s degree with a minimum of 50% marks.

NMIMS School of Business Management:

• Fees: Approximately INR 20-22 lakhs.
• Admission: Through NMAT by GMAC, followed by case discussions and personal interviews.
• Seats: Varies by program.
• Eligibility: Bachelor’s degree with at least 50% marks.

K.J. Somaiya Institute of Management:

• Fees: Around INR 10-14 lakhs.
• Admission: Accepts CAT/XAT/CMAT/GMAT scores, followed by GD-PI.
• Seats: Approximately 600 across various programs.
• Eligibility: Graduation with a minimum of 50% marks.

Best Government MBA Colleges in Mumbai: Fees, Admission, Seat, Eligibility, Entrance Exams

Prominent government MBA colleges in Mumbai include:

SJMSOM, IIT Bombay:

• Fees: Approximately INR 10-12 lakhs.
• Admission: Based on CAT scores, followed by WAT and PI.
• Seats: Around 120.
• Eligibility: Bachelor’s degree with at least 60% marks.

JBIMS:

• Fees: Approximately INR 6-10 lakhs.
• Admission: Through MAH CET/CAT scores, followed by GD and PI.
• Seats: Approximately 120.
• Eligibility: Graduation with a minimum of 50% marks.

NITIE:

• Fees: Around INR 12-14 lakhs.
• Admission: Based on CAT scores, followed by GD and PI.
• Seats: Approximately 400 across various programs.
• Eligibility: Engineering graduates with at least 60% marks.

Top 10 MBA Colleges in Mumbai with Fees Structure

Choosing the right MBA college is crucial for your career. Here’s a list of the top 10 MBA colleges in Mumbai, along with their fee structure and accepted entrance exams:

College Name	Total Fees (Approx.)	Accepted Exams
Vivekanand Business School (VBS) Mumbai	INR 10 lakh	CAT /XAT /MAT/ MAH-CET/ CMAT/ GMAT/ ATMA
Indian Institute of Management (IIM) Mumbai	INR 19-24 lakh	CAT
S.P. Jain Institute of Management and Research (SPJIMR)	INR 24 lakh	CAT, XAT, GMAT
NMIMS School of Business Management, Mumbai	INR 22 lakh	NMAT
JBIMS (Jamnalal Bajaj Institute of Management Studies)	INR 6 lakh	CAT, MAH-CET
KJ Somaiya Institute of Management	INR 18 lakh	CAT, XAT, CMAT
Welingkar Institute of Management (WeSchool), Mumbai	INR 13 lakh	CAT, XAT, CMAT, GMAT
SIMSREE (Sydenham Institute of Management Studies, Mumbai)	INR 1.50 lakh	MAH-CET
SIES College of Management Studies, Mumbai	INR 9 lakh	CAT, XAT, CMAT
IES Management College and Research Centre	INR 8.2 lakh	CAT, XAT, CMAT
ITM Business School, Navi Mumbai	INR 10.45 lakh	CAT, XAT, CMAT, GMAT

These top MBA colleges in Mumbai provide exceptional education and exposure, preparing students for leadership roles in global companies.

Highest Salary Offered by Best MBA Colleges in Mumbai

One of the key factors students consider while choosing an MBA college is the placement package. The highest salary packages offered by the best MBA colleges in Mumbai are:

College Name	Highest Package (INR)	Average Package (INR)
VBS	INR 12.23 LPA	INR 7.40 LPA
IIM Mumbai	INR 49 LPA	INR 25 LPA
SPJIMR	INR 77 LPA	INR 33 LPA
NMIMS Mumbai	INR 67 LPA	INR 27 LPA
JBIMS	INR 35 LPA	INR 27 LPA
KJ Somaiya	INR 22 LPA	INR 12 LPA

These figures demonstrate the strong corporate connections and placement opportunities provided by top MBA colleges Mumbai.

Top MBA Colleges in Mumbai with Low Fees

For students looking for top MBA colleges in Mumbai with low fees, here are some budget-friendly options:

College Name	Total Fees
VBS Mumbai	INR 10 lakh
JBIMS Mumbai	INR 6 lakh
SIMSREE Mumbai	INR 1.50 lakh
SIES Mumbai	INR 9 lakh
IES Management College	INR 8.2 lakh

These good MBA colleges in Mumbai offer quality education at an affordable cost.

Best MBA Colleges in Mumbai: Cutoff 2025

Cutoffs vary based on the entrance exams like CAT, XAT, NMAT, MAT, CMAT, MAH-CET, and GMAT. To secure admission in top MBA colleges in Mumbai, you must clear the entrance exams with a competitive score.

College Name	CAT Percentile	XAT Percentile	MAT/CMAT Percentile
VBS Mumbai	75+	70+	75+
IIM Mumbai	95+	NA	NA
SPJIMR	90+	85+	NA
NMIMS Mumbai	NA	NA	NMAT – 210+
JBIMS	95+	NA	MAH-CET – 99.5+
KJ Somaiya	85+	80+	90+

Candidates should aim for a high percentile in their respective exams to secure admission in top MBA colleges in Mumbai.

Specialisations Offered by Best MBA Colleges in Mumbai

The best MBA institutes in Mumbai provide a wide range of specializations tailored to industry needs. Here are some in-demand options:

• PGDM/MBA in Finance (JBIMS, IIM Mumbai, NMIMS): An MBA in Finance prepares students to manage and optimize an organization’s financial health, investments, and risk management strategies. This program focuses on financial analysis, corporate finance, portfolio management, investment banking, and financial planning, enabling graduates to make informed financial decisions that drive business growth.
• PGDM/MBA in Marketing (SPJIMR, NMIMS, Welingkar): An MBA in Marketing equips students with the expertise to develop, implement, and optimize marketing strategies that align with customer needs and business objectives. This program covers consumer behavior, market research, branding, digital marketing, and strategic planning, preparing graduates for leadership roles in the marketing domain.
• PGDM/MBA in Business Analytics (SPJIMR, NMIMS, ITM Business School): An MBA in Business Analytics is designed for professionals who want to leverage data-driven insights to make strategic business decisions. This program focuses on big data, predictive analytics, artificial intelligence (AI), data visualization, and business intelligence tools, enabling graduates to transform complex data into actionable business strategies.
• PGDM/MBA in Human Resource Management (HRM) (KJ Somaiya, SIES): An MBA in HRM trains professionals to strategically manage and develop an organization’s workforce. The curriculum covers talent acquisition, performance management, employee relations, organizational behavior, and leadership development. Additionally, students gain expertise in advanced communication and conflict resolution techniques, ensuring they can foster a positive and productive work environment.
• PGDM/MBA in Operations & Supply Chain Management (IIM Mumbai, SIMSREE): An MBA in Operations & Supply Chain Management is designed for professionals looking to optimize business processes, enhance logistics efficiency, and manage global supply chains. This program covers procurement, warehouse management, inventory control, demand forecasting, and sustainable supply chain practices. Graduates can pursue roles in logistics management, supply chain analytics, and operations consulting.
• PGDM/MBA in Entrepreneurship Management(SPJIMR, NMIMS, WeSchool, IMDR): An MBA in Entrepreneurship Management is designed for aspiring entrepreneurs and business leaders who want to launch, scale, and manage successful ventures. This program covers business innovation, venture capital management, startup strategy, risk assessment, financial planning, and leadership skills. Graduates can pursue careers as startup founders, business consultants, or venture capitalists.
• PGDM/MBA in Digital Marketing(NMIMS, WeSchool, XIME, SIESCOMS): An MBA in Digital Marketing is tailored for professionals looking to excel in the ever-evolving digital landscape. This program combines traditional business education with hands-on training in SEO, social media marketing, content strategy, PPC advertising, web analytics, and AI-driven marketing, preparing students to build powerful digital brands and drive business growth.
• PGDM/MBA in Retail Management(NMIMS, NITIE, SIBM, WeSchool): An MBA in Retail Management prepares students for dynamic leadership roles in the retail industry. Covering store operations, merchandising, customer experience, digital transformation, and retail analytics, this program equips professionals to enhance profitability and create exceptional shopping experiences in both online and offline retail environments.
• PGDM/MBA in Sales Management(SPJIMR, WeSchool, SIESCOMS): An MBA in Sales Management is designed to develop high-impact sales leaders capable of driving revenue growth and business expansion. This program covers sales strategies, consumer psychology, business negotiations, key account management, and sales analytics, ensuring professionals can lead successful sales teams and close high-value deals.

Selecting the right specialization can significantly boost your career prospects!

Best MBA Colleges in Mumbai Admissions 2025

Step-by-Step PGDM/MBA Admission Process:

• Appear for Entrance Exam (CAT, XAT, NMAT, MAT, CMAT, MAH-CET, GMAT)
• Apply to MBA Colleges based on cutoffs
• Shortlisting & GD/PI Rounds (Group Discussion & Personal Interview)
• Final Selection & Admission Confirmation

Each college follows a different selection process, so be sure to check their official website for exact details.

How to Find the Best MBA College in Mumbai?

Selecting the best MBA college in Mumbai is a major decision. Here’s how to make the right choice:

• Accreditation & Ranking – Choose AICTE, NBA, or AACSB accredited colleges
• Placements & Salary Packages – Check highest & average packages offered
• Specializations & Course Curriculum – Ensure it matches your career goals
• Fee Structure & ROI (Return on Investment) – Balance affordability with quality
• Faculty & Infrastructure – Ensure world-class learning experience
  

Considering these factors will help you select the best MBA college in Mumbai that aligns with your aspirations.

Vivekanand Business School – Best MBA/PGDM College in Mumbai

Vivekanand Business School (VBS Mumbai) stands out as one of the best MBA/PGDM colleges in Mumbai because of:

• AICTE-approved PGDM programs
• Specialized courses in Business Analytics, HR, Marketing, Finance, Operation & Supply Chain Management, and Entrepreneurship
• Strong industry connections & excellent placements
• Affordable fees compared to other top MBA colleges

If you’re searching for a reputed yet affordable MBA college in Mumbai, VBS is a great choice.

Conclusion

Vivekanand Business School (VBS) is a leading institution in Mumbai. It is recognized for its high-quality management education. With AICTE-approved PGDM programs, industry-relevant specializations, and a strong corporate network, VBS provides students with a complete learning experience. It connects academics with real-world business challenges.

The school is committed to quality education. With its experienced teachers and advanced facilities, students gain the skills and confidence to excel in today’s competitive job market. Additionally, VBS offers excellent placement opportunities, with top recruiters across various industries hiring its graduates.

For students seeking an MBA/PGDM in Mumbai, Vivekanand Business School stands out. It offers solid academics, reasonable fees, and strong career opportunities. With a focus on leadership, innovation, and industry exposure, VBS prepares students for a successful future in business and management.PGDM/MBA Admissions 2025 are NOW OPEN! Join one of the top MBA college in Mumbai. This is your chance to kickstart a successful management career. Apply today and shape your future with Vivekanand Business School!