Business Schools in Mumbai
Top Business Schools in Mumbai include MKES IMSR, IIM (NITIE) Mumbai, Shailesh J. Mehta School of Management- [IIT Bombay], SPJIMR, SBM NMIMS, etc. Mumbai, known as the "City of Dreams" and "Financial Capital of Nation," is home to 132 Business Schools, of which 114 are Private and 10 are Business Government Schools in Mumbai. A total of 58 Business Schools in Mumbai are approved by AICTE, while 16 are approved by UGC.
Admission to the top Business Schools in Mumbai is primarily done through Management Entrance Exams such as CAT, MAT, XAT, NMAT, CMAT, MAH CET, GMAT, and GRE.
The average fees for pursuing Management courses from the top Business Schools in Mumbai can range between INR 50,000 to INR 30,00,000 per year depending upon the colleges.
The best Business Schools in India offer lucrative placement opportunities with high packages and good ROI. The average CTC is offered by top Business Schools in Mumbai is between INR 18 LPA to INR 30 LPA.
Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are some of the top-notch organizations that participate in the placement drives offered by the top Business Schools in Mumbai.
MKES IMSR, SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai are the best colleges in Mumbai for MBA in Finance, marketing and are ranked among the top 10 Business Schools in Mumbai.
Eligibility Criteria of Best MBA Colleges in Mumbai
- Applicants should have a bachelor's degree from a recognised university or institution in any discipline.
- Many business colleges in Mumbai require applicants to have a valid score in a national or state-level management entrance exam. Common entrance examinations include CAT, XAT, MAT, CMAT, MAH MBA CET, and NMAT.
- Candidates might need to fulfil any additional requirements specified by the college, such as appearing for group discussions (GD) and personal interviews (PI).
Top 10 Business Schools in Mumbai
Mumbai is home to approximately 126 Business Schools. The best Business School in Mumbai is MKES IMSR with a seat intake of 120 MBA/PGDM seats. Below are the top 10 Business Schools in Mumbai with MBA/PDM seat intake.
| College/ University Name |
MBA/PGDM Seat Intake |
| M.K.E.S. Institute of Management Studies and Research |
120 |
| Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
172 |
| S.P. Jain Institute of Management and Research, Mumbai |
720 |
| NMIMS School of Business Management, Mumbai |
990 |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai |
12830 |
| K J Somaiya Institute of Management, Mumbai |
660 |
| Universal Business School, Mumbai |
860 |
| Amity University, Mumbai |
NA |
| N.L. Dalmia Institute of Management Studies and Research, Mumbai |
420 |
| Vivekanand Business School (VBS), Mumbai |
180 |
Top 10 Government Business Schools in Mumbai
Tabulated below is the list of the top 10 Business Schools in Mumbai along with their average annual fees:
In Mumbai, the top 10 government business schools stand as pillars of academic brilliance and professional training. These MBA institutions combine rigorous curriculum with practical industry experience, nurturing future ready leaders in business and management. Known for their esteemed faculty and state-of-the-art facilities, they attract determined students nationwide. Each individual school offers specialized programs, from finance to marketing, tailored to meet the evolving demands of the corporate world. With strong alumni networks and affiliations with leading corporations, graduates equipped to excel in diverse sectors internationally. Mumbai's government business schools symbolize innovation, integrity, and a commitment to shaping tomorrow's business landscape.
| Name of the College |
Average Annual Fees |
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai |
INR 4,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai |
INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai |
INR 50,000 |
| Mumbai University - [MU], Mumbai |
INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai |
INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai |
INR 6,600 |
| Vikas Night College of Arts Science and Commerce, Mumbai |
INR 50,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai |
INR 1,99,000 |
| Institute of Distance & Open Learning |
INR 17,625 (Total Fees) |
| National Institute of Securities Market |
INR 3,10,000 |
Popular Entrance Exams for Best Business Colleges in Mumbai
CAT: CAT (Common Admission Test) is conducted for 21 IIMs and 1000+ top B-schools in India. The CAT entrance test syllabus is divided into 3 sections - Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
MAT (Management Aptitude Test) is conducted in both offline (paper-based) and online (computer-based) modes. The exam consists of five sections: Language Comprehension, Mathematical Skills, Data Analysis & Sufficiency, Intelligence & Critical Reasoning, and Indian & Global Environment.
MAH MBA CET (Maharashtra Common Entrance Test) exam consists of multiple-choice questions (MCQs) and is conducted in online (computer-based) mode. The test assesses candidates' abilities in areas such as Logical Reasoning, Abstract Reasoning, Quantitative Aptitude, Verbal Ability/Reading Comprehension, and Data Interpretation.
M.K.E.S. Institute of Management Studies and Research
M.K.E.S. Institute of Management Studies and Research is an educational institution that offers management studies and research programs. Located in Mumbai, India, it is known for its focus on providing quality education in the field of management. The institute likely offers various courses such as Master of Business Administration (MBA), postgraduate diplomas, and possibly research programs in management-related disciplines. Institutions like these typically aim to prepare students for careers in business and management through a combination of theoretical knowledge and practical skills development.
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai
The Shailesh J. Mehta School of Management (SJMSOM) is the management school of the Indian Institute of Technology Bombay (IIT Bombay), located in Mumbai, India. Established in 1995, SJMSOM offers various programs in management education, including MBA, Executive MBA, and doctoral programs. It is known for its rigorous academic curriculum, emphasis on research, and strong industry connections facilitated by its location within IIT Bombay, one of India's premier technical institutes. SJMSOM is named after Shailesh J. Mehta, an eminent Indian-American engineer and businessman who made significant contributions to IIT Bombay and its alumni association.
S.P. Jain Institute of Management and Research, Mumbai
S.P. Jain Institute of Management and Research (SPJIMR) is a leading business school located in Mumbai, India. It is recognized for its innovative pedagogy and strong emphasis on ethical practices and social sensitivity in business education.
NMIMS School of Business Management, Mumbai
NMIMS School of Business Management (SBM) is part of NMIMS University (Narsee Monjee Institute of Management Studies), located in Mumbai, India. It is one of the premier business schools in the country and offers a variety of management programs at undergraduate, postgraduate, and doctoral levels.
Universal Business School, Mumbai
Universal Business School (UBS) is a business school located in Mumbai, India. It was established with the goal of providing international quality business education in India.
Vivekanand Business School (VBS), Mumbai
Vivekanand Business School (VBS) is located in Mumbai and is known for its focus on providing education in business management and related fields. It offers various undergraduate and postgraduate programs designed to prepare students for careers in the corporate world. VBS emphasizes a blend of theoretical knowledge and practical skills, aiming to produce well-rounded professionals capable of meeting the challenges of the global business environment.
Best Private MBA Colleges in Mumbai
Among the top private MBA schools in Mumbai are MKES IMSR, JBIMS, NMIMS, and others. These colleges charge between INR 4 lakh and INR 22 lakh in tuition.
The table below shows the top 5 private MBA colleges in Mumbai and their fee structure:
| Private College Name |
Courses |
Fees |
|
MET Mumbai - MET Institute of Management, Mumbai
|
MBA
|
Rs. 2,25,000
|
|
SPJIMR, Mumbai
|
PGDM
|
Rs. 24,00,000
|
|
NAEMD Mumbai - National Academy of Event Management
|
MBA Event Management and Public Relations
|
NA
|
|
WWI Mumbai - Whistling Woods International, Mumbai
|
MBA Media and Entertainment
|
Rs. 8,50,000
|
|
KJSIM - K J Somaiya Institute of Management, Mumbai
|
MBA
|
Rs. 13,13,00-Rs 20,77,000
|
Best Government MBA Colleges in Mumbai
Mumbai's government MBA schools include the esteemed IIM, IIT, and others. Based on their fees structures, they are listed among top 10 MBA colleges in Mumbai.
| Govt College Name |
Courses |
Fees |
|
IIM Mumbai (NITIE) - Indian Institute of Management Mumbai
|
MBA
|
Rs. 14,00,000
|
|
JBIMS Mumbai - Jamnalal Bajaj Institute of Management
|
Master of Human Resource Development
|
NA
|
|
SJMSOM IIT Bombay - Shailesh J Mehta School of Management
|
MBA
|
Rs. 14,01,700
|
|
Jankidevi Bajaj Institute of Management Studies, Mumbai
|
MBA
|
NA
|
Best MBA Colleges in Mumbai: Admission Process 2024
Best Business Schools in Mumbai have a thorough admission process based on various MBA entrance exam scores. The admission process of these best MBA degree colleges in Mumbai might involve numerous rounds like WAT, GD and PI depending on the demand of the respective college.
Listed below is the admission process for best MBA Colleges in Mumbai
| College Names |
Admission Process |
|
MKES - Institute Of Management Studies and Research
|
MKES IMSR Admissions based on valid scores in MAT, MAH CET, CAT, CMAT exams.
|
|
JBIMS Mumbai
|
JBIMS Mumbai Admissions based on valid scores in MAH CET, CAT, CMAT exams
|
|
IIM Mumbai (NITIE)
|
IIM Mumbai (NITIE) Admissions are based on CAT exam scores.
|
|
SPJIMR, Mumbai
|
SPJIMR, Mumbai Admissions are based on academic record, entrance test scores (CAT/ GMAT), relevance of work experience (if any), and performance in the two rounds of group interviews.
|
|
KJSIMK-J Somaiya Institute of Management
|
KJSIMK-J Somaiya Institute of Management Admissions are based on various criteria including CAT/ XAT/ NMAT/ GMAT/ CMAT Scores, Academic Profile, Group Discussion, Personal Interview, Written Ability Test, and Work Experience
|
|
SJMSOM IIT Bombay
|
SJMSOM IIT Bombay Admissions are offered based on performance in CAT exam, written ability test, and personal interview.
|
Top MBA Colleges in Mumbai: Ranking
Rankings of the top colleges in India are released by several different agencies each year. These agencies release different lists of Top MBA Colleges in India and other PG&UG courses. Based upon different factors like Insight of the College, infrastructure, Placements of each year, Teacher-Student Ratio, etc., these lists are also released for different cities and states in India. The best Indian publications that release these lists include India Today, Economic Times, NIRF, and others. Listed below is the ranking of top Business schools in Mumbai with fees.
Top MBA Colleges in Mumbai with NIRF Ranking 2023
NIRF (National Institutional Ranking Framework) is the best ranking agency in India and is run by the Ministry of Education, Government of India. It releases the ranking lists for different colleges and universities of India divided into 8 categories. NIRF ranks a college based on several parameters like teaching, placement, etc.
Table given below are the top MBA colleges in Mumbai ranked by NIRF Ranking 2023.
| NIRF Ranking 2023 |
MBA Colleges in Mumbai |
NIRF Score |
|
7
|
National Institute of Industrial Engineering, Mumbai
|
71.99
|
|
10
|
Indian Institute of Technology Bombay
|
68.11
|
|
20
|
S.P. Jain Institute of Management & Research
|
60.91
|
|
21
|
SVKM`s Narsee Monjee Institute of Management Studies
|
60.84
|
|
45
|
K J Somaiya Institute of Management Studies and Research
|
52.14
|
|
73
|
Principal L N Welingkar Institute of Management Development and Research
|
48.21
|
The average fees for doing MBA courses from the best private MBA colleges in Mumbai can range between INR 55,000 - 23 Lakhs per year for complete program. Listed below are the top private MBA colleges in Mumbai with low fees:
Top MBA Colleges in Mumbai Cutoff
Different colleges admit students on different admission eligibility criteria like entrance exams and merit lists. Most of the colleges in Mumbai accept MAT, CAT, CMAT scores. Listed given below are some of the top 10 Business Schools in Mumbai with their cutoff scores.
| College/ University Name |
Cutoff Details |
|
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai
|
Check Cutoff
|
|
National Institute of Industrial Engineering, Mumbai
|
Check Cutoff
|
|
S.P. Jain Institute of Management and Research, Mumbai
|
Check Cutoff
|
|
NMIMS School of Business Management, Mumbai
|
Check Cutoff
|
|
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
|
Check Cutoff
|
|
K J Somaiya Institute of Management, Mumbai
|
Check Cutoff
|
|
SIES School of Business Studies - [SIES SBS], Mumbai
|
Check Cutoff
|
|
Amity University, Mumbai
|
Check Cutoff
|
|
N.L. Dalmia Institute of Management Studies and Research, Mumbai
|
Check Cutoff
|
|
Vivekanand Business School (VBS), Mumbai
|
Check Cutoff
|
Many of these colleges also offer MMS (Master of Management Studies) courses in Mumbai, Maharashtra.
Top MBA College in Mumbai with Good Placement
After getting your MBA degree from top MBA colleges in Mumbai, candidates get high-paying job offers from well-known companies across the world. Details about the placement package that graduates of top Business Schools are eligible for are given below:
| Name of the College |
Average Annual Package (In INR) |
|
IIT Bombay
|
21,96,000
|
|
SPJIMR, Mumbai
|
19,50,000
|
|
MKES - Institute Of Management Studies and Research
|
6,00,000
|
|
Prin. L. N. Welingkar Inst. of Management Development and Research
|
8,61,000
|
|
NMIMS
|
15,00,000
|
|
National Inst. of Industrial Engineering
|
10,88,000
|
Top MBA Colleges in Mumbai through CAT
The Common Admission Test also known as CAT is one of the most famous MBA entrance tests in India and is conducted each year by IIMs throughout the country. The CAT registration 2024 will be started by the first week of August 2024. Before registration, CAT notification will be released by IIMs on last week of July 2024.
Following is a list of top MBA colleges in Mumbai accepting CAT:
- MKES - Institute Of Management Studies and Research
- Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai.
- SP Jain Institute of Management and Research - [SPJIMR], Mumbai,
- Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai
- National Institute of Industrial Engineering - [NITIE], Mumbai
- Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai
- Athena School of Management, Mumbai
- K J Somaiya Institute of Management, Mumbai
- SIES School of Business Studies - [SIES SBS], Mumbai
- Atharva Institute of Management Studies - [AIMS], Mumbai
- Vivekanand Business School - [VBS], Mumbai
MBA Colleges in Mumbai without CAT
Several Top MBA Schools in Mumbai offer direct admissions on a merit basis or management quota basis. Apart from CAT, several MBA colleges in Mumbai, Maharastra admit students through different entrance exams such as MAT, XAT, MAHCET, CMAT, etc. In Mumbai, 34 MBA schools accept XAT results, and over 36 MBA schools accept MAH CET results. Tabulated given below are the top MBA colleges in Mumbai without CAT.
- MKES - Institute Of Management Studies and Research
- Kohinoor Business School - [KBS], Mumbai
- BSE Institute Limited - [BIL], Mumbai
- Thadomal Shahani Centre For Management - [TSCFM], Mumbai
- Guru Nanak Institute of Management Studies - [GNIMS], Mumbai
- Chetana's Institute of Management and Research - [CIMR], Mumbai
Top 10 Business Schools Colleges In Mumbai with Fee FAQs
Ques. What types of programs do business schools in Mumbai offer?
Ans. The admission process typically involves entrance exams like CAT, XAT, MAT, or the institute's own entrance exam, followed by group discussions, personal interviews, and sometimes written tests. Each business school may have its own specific admission criteria.
Ques. What is the admission process for business schools in Mumbai?
Ans. Yes, many colleges provide specialization tracks within human resources, such as talent management, organizational behavior, HR analytics, and labor relations. Researching the available specializations can help align your academic goals with the college's offerings.
Ques. What are the average placement statistics of business schools in Mumbai?
Ans. Placement statistics vary among business schools, but many boast high placement percentages with students being recruited by top companies across various industries. The average salary packages also vary depending on factors like the institute's reputation, student profile, and industry demand.
Ques. Do business schools in Mumbai offer international exposure and exchange programs?
Ans. Yes, many business schools in Mumbai have tie-ups with international universities and offer exchange programs, study tours, and international internships to provide students with global exposure and learning opportunities.
Ques. What support services are available for students at business schools in Mumbai?
Ans. Business schools in Mumbai typically offer various support services including career counseling, mentorship programs, academic tutoring, industry interactions, and networking events to help students succeed academically and professionally.
Ques. Which private college is best for an MBA?
Ans. Following is a list of some of the best private MBA colleges in Mumbai:
- MKES - Institute Of Management Studies and Research
- 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
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