There are roughly fifteen top MBA colleges in Mumbai. Eleven of these best MBA colleges in Mumbai are privately held, while the remaining five are owned by governmental or public entities. The CAT is the most popular entrance exam for MBA admissions to the top MBA colleges in Mumbai, while some colleges also take scores from tests like the XAT and CMAT. Among the top MBA colleges in Mumbai are IIM Mumbai, M.K.E.S. Institute of Management Studies and Research, Welingkar Mumbai and SPJ IMR.
This guide will help you find the best institute for MBA in Mumbai that serves all your career needs.
Latest Updates on MBA Entrance Exams
- The CAT 2024 admit card is now available. The CAT examination date 2024 is set to take place on November 24, 2024.
- The deadline to register for MBA, MMS, and PGDM courses for the ATMA 2025 Dec session is December 9, 2024. On December 22, 2024, the December session ATMA 2025 exam will take place.
- Students who wish to take the MAT CBT phase 1 exam for the December session can complete their registration by November 30, 2024. The deadlines for PBT and CBT Phase 2 exam registration are December 7 and December 15, 2024, respectively. Additionally, the dates for the CBT phase 1, PBT, and CBT phase 2 of the MAT 2024 exam are set to take place on December 7, December 14, and December 22, 2024, respectively.
- The deadline to register for the MBA/PGDM courses for XAT 2025 is November 30, 2024. Students can register for the XAT exam by visiting their official website. Registered candidates can take the exam on January 5, 2025.
- The XAT 2025 exam pattern has been updated.
- The dates of the NMAT 2024 exam are November 5–December 20, 2024.
Highlights of the Best MBA Colleges in Mumbai
The average length of the program offered by the top MBA colleges in Mumbai is two years. Executive MBA programs for working professionals are also offered by several universities, albeit they may differ in schedule and structure. Students can acquire business knowledge, improve their managerial abilities, develop a strong professional network, and access exciting employment prospects in a variety of sectors by pursuing an MBA in Mumbai.
The following lists the salient features of the top MBA colleges in Mumbai:
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Parameters
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Particulars/Statistics
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Number of Top MBA colleges in Mumbai
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15+
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Annual Fees
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INR < 1 lakh: 1 college
INR 2-3 lakh: 1 college
INR 3-5 lakh: 2 colleges
INR > 5 lakh: 12 colleges
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Top Specialisations
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Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, etc.
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Accepted Entrance Exams
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CAT, XAT, CMAT, MAT, ATMA, etc.
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Best MBA Colleges in Mumbai : MBA Admissions 2024
The following general eligibility requirements are frequently seen by top MBA colleges in Mumbai :
- The basic requirement for MBA aspirants to qualify for admission is to possess a bachelor's degree or its equivalent in any stream from an accredited university or institution.
- Additionally, they must have scored at least 50% aggregate marks in the final exam.
- Students must clear any of the national-level MBA entrance exams like
- Common Admission Test (CAT)
- Graduate Management Admission Test (GMAT)
- Xavier Aptitude Test (XAT)
- Common Management Admission Test (CMAT)
- Management Aptitude Test (MAT)
The scores received by students in any of these exams are accepted by the majority of the top MBA colleges in Mumbai. The minimum cut-off scores established by the individual universities must be met by candidates.
Top MBA Colleges in Mumbai: 2024–2025 Exam Schedule
The following are the most common exams that the top MBA colleges in Mumbai accept:
CAT: The Common Admission Test (CAT) is a business aptitude exam administered nationally for admission to MBA programs offered by more than 1,200 B-schools and 20 IIMs in India. The CAT 2024 exam pattern and question paper comprises 3 major sections which include Quantitative Aptitude, Data Interpretation and Logical Reasoning, and Verbal Ability and Reading Comprehension.
XAT: For admission to the best MBA colleges in Mumbai, XLRI, Jamshedpur administers the national management entrance exam known as the Xavier Aptitude Test, or XAT. To prepare for the XAT exam, students must start preparing for it at least 6 to 9 months earlier. Among its contemporaries, the XAT is one of the more difficult MBA entry exams, requiring a significant investment of time and energy. It is divided into four parts: General Knowledge, Quantitative Ability & Data Interpretation, Verbal Ability & Logical Reasoning, and Decision Making.
MAT: The All India Management Association (AIMA) administers the national-level Management Aptitude Test (MAT) to shortlist candidates for admission to the top MBA colleges in Mumbai. The MAT exams generally take place in multiple sessions in February, May, September, and December. The three formats of the MAT exam are remote proctoring (Internet Based Test, or IBT), online (Computer Based Test, or CBT), and offline (Paper Based Test, or PBT).
Important dates for admission exams for the top MBA colleges in Mumbai are listed below:
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Exam Name
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Dates
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ATMA 2024 Exam
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22 Dec '24
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CAT Exam 2024
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24 Nov '24
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MAT 2024 Exam Date
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7 Dec '24
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XAT Exam 2025
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5 Jan ‘25
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CMAT Exam 2024
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15 May 2024 (Completed)
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Which entrance exams are most frequently accepted by top MBA colleges in Mumbai?
The top MBA colleges in Mumbai accept the following entrance examinations, along with a list of colleges and a cut-off prediction:
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Exams
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Number of Colleges (Approx)
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CAT
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15
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XAT
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10
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CMAT
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7
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MAT
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7
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ATMA
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3
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NMAT
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2
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Government MBA Colleges in Mumbai: Admission, Cost, Seat, and Eligibility
The best public and government MBA colleges in Mumbai are listed below, along with information on admission requirements, tuition costs, and seat availability:
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Public/Government Colleges
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Total Tuition Fee/Seat Intake
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Entrance Exam/Eligibility Criteria
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IIM Mumbai
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INR 14 lakh
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Entrance Exams: CAT
Eligibility Criteria: Graduation with 50% aggregate
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Sasmira's Institute of Management Studies
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INR 3 Lakh
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Entrance Exams: MH-CET, CMAT, CAT, MAT, ATMA, XAT
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SNDT College
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INR 2 Lakh
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Entrance Exam : CAT, MAT, XAT, CMAT, or the own entrance exam of the university
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NMIMS Mumbai
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INR 13-25 lakh
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Entrance Exams: NMAT, NMIMS CET, MAH CET, GPAT, NMIMS - NPAT, CBSE 12th, ISC, Maharashtra State Board (MSBSHSE), TSICET
Eligibility Criteria: Under Graduation with 50% aggregate
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SIMSREE, Mumbai
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INR 1.6 Lakh
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Entrance Exam : MH-CET, CAT, and CMAT
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Best MBA Colleges in Mumbai: Cost vs. Salary
Return on Investment (ROI) indicates the amount of money you will make or gain from enrolling in a course at a specific university. It evaluates the return on investment made by the student during their studies as well as the return they receive in the form of placements.
Make sure you choose the best institute for MBA in Mumbai that offers the best fees-to-salary ratio. The top MBA colleges in Mumbai are listed below, along with their average annual package and total tuition cost.
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College Names
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Total Tuition Fee
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Annual Average Package
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M.K.E.S. Institute of Management Studies and Research
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INR 8 lakh
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INR 6 LPA
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IIM Mumbai
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INR 14 lakh
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INR 18 LPA
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NMIMS Mumbai
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INR 13-25 lakh
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INR 26 LPA
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S.P. Jain Institute of Management and Research, Mumbai
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INR 14- 24 lakh
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INR 33 LPA
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K J Somaiya Institute of Management
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INR 11.69 -18.50 lakh
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INR 12.79 LPA
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The highest salary offered by Top MBA colleges in Mumbai
The top MBA colleges in Mumbai are listed below, along with their typical annual tuition and well-known recruiters:
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College Names
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Annual Average Package
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Prominent Recruiters
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M.K.E.S. Institute of Management Studies and Research
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INR 6 lakh
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HDFC, Max Life, Groww, DBS, Kotak, RBL Bank, Fisdom, IDFC, BajajCapital, Piramal, White Oak
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NMIMS Mumbai
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INR 26 lakh
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Axis Bank, Barclays, Jindal Steel and Power ; Hexaware Technologies, KPMG, IBM ; DELL, Tata, Croma, etc.
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IIM Mumbai
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INR 14 lakh
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American Express, Accenture, Axis Bank, Abbott, Cipla, Wipro
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S.P. Jain Institute of Management and Research, Mumbai
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INR 33 LPA
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Accenture Strategy, Deloitte, Boston Consulting Group, Nomura, Amazon India, ITC, Hindustan Unilever, Flipkart, Goldman Sachs, and PwC etc.
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SIMSREE, Mumbai
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INR 15 Lakh
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Barclays, CRISIL, Morgan Stanley, Cognizant, Deloitte, JPMC, GEP, Yes Bank, CITI Group, and ICICI Bank
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Conclusion
There are numerous professional options in Mumbai across all economic sectors. You've come to the correct place if you intend to study an MBA in the city and are looking for the top MBA colleges in Mumbai. To assist you in selecting the best institute for MBA in Mumbai, we have investigated more than 100 MBA colleges in the city and provided a list of top MBA colleges in Mumbai along with the most recent placements, fees, and cut-offs. Choose wisely to make the most of your MBA program and get the best possible opportunities.