Mumbai is often referred to as the financial capital of India. Pursuing an MBA in Mumbai from one of the top colleges helps graduates start their careers in the right direction by joining top companies, aligning their skills and goals. Around 150+ MBA colleges in Mumbai, with a mix of private and public institutions, offer the best MBA specialisations in core areas, including finance, supply chain management, marketing, logistics, operations, and human resources. The best MBA colleges in Mumbai include IIM Mumbai, IIT Bombay, Jamnalal Bajaj Institute of Management Studies, SP Jain Institute of Management and Research, Narsee Monjee Institute of Management Studies (NMIMS), Tata Institute of Social Sciences (TISS) and many more.
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MBA fees in Mumbai come to around Rs. 3 lakhs to Rs. 25 lakhs. MBA admission in Mumbai is based on the scores attained by candidates in national, state, or institute-level entrance exams. Read the article to know more about the MBA colleges in Mumbai course fees, eligibility, admission criteria, placements, and salary package.
Top MBA Colleges in Mumbai 2025
Interested candidates who have completed a bachelor’s degree in any field can apply for the management courses offered by any of the best MBA colleges in Mumbai. The duration of the full-time MBA course is 2 years. Apart from full-time courses, candidates can apply for part-time/online/certification MBA courses.
MBA Colleges in Mumbai (NIRF Ranking 2024)
The top MBA colleges in Mumbai, as per the NIRF ranking 2024, are listed below.
| MBA in Mumbai | NIRF Rank |
| Indian Institute of Management Mumbai | 6 |
| Indian Institute of Technology Bombay | 10 |
| S. P. Jain Institute of Management and Research | 20 |
| 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 |
Top 10 MBA Colleges in Mumbai with Fee Structure
Interested candidates can visit the official website of top MBA colleges in Mumbai to get to know about the course structure, admission process, and salary packages offered for various specialisations by top companies. Refer to the table below to find the top MBA colleges in Mumbai, along with their fees and average salary packages.
| Best MBA Colleges in Mumbai | MBA Fees in Mumbai* | Average Salary * |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) | Rs. 3 Lakhs | Rs. 28 LPA |
| SP Jain Institute of Management and Research (SPJIMR) | Rs. 20 Lakhs | Rs. 33 LPA |
| Narsee Monjee Institute of Management Studies (NMIMS) | Rs. 24 Lakhs | Rs. 14.5 LPA |
| K. J. Somaiya Institute of Management | Rs. 8.5 Lakhs | Rs. 11.5 LPA |
| Tata Institute of Social Sciences (TISS) – Mumbai | Rs. 2.4 Lakhs | Rs. 22 LPA |
| Sydenham Institute of Management Studies (SIMSREE) | Rs. 1.5 Lakhs | Rs. 12 LPA |
| N. L. Dalmia Institute of Management Studies | Rs. 9 Lakhs | Rs. 7.8 LPA |
| SIES College of Management Studies | Rs. 6.5 Lakhs | Rs. 7.2 LPA |
| MET Institute of Management | Rs. 6.5 Lakhs | Rs. 6.5 LPA |
| IES Management College and Research Centre | Rs. 6 Lakhs | Rs. 6.5 LPA |
*Average MBA course fees in Mumbai and salary packages vary every year.
Top MBA Colleges in Mumbai with Low Fees
Candidates who cannot afford the best MBA colleges in India due to a lack of financial aid can apply for an MBA in Mumbai at low-fee colleges. The best MBA colleges in Mumbai with low fees include JBIMS, SIMSREE, Welingkar Institute of Management Development & Research, National Institute of Management and Research Studies, Mumbai University (MU) and many more.
MBA Eligibility in Mumbai
To join an MBA course in Mumbai’s top colleges, it is necessary to fulfil the eligibility requirements set by the institute you are applying to. The eligibility to apply for an MBA in Mumbai is that the applicant must have passed a 3 year bachelor’s degree in any relevant field from a recognised university with an aggregate of 50%-60% marks (45% for reserved candidates). Candidates who are doing their final year of graduation and can submit the degree certificate before the commencement of classes can also apply for the MBA course in Mumbai.
MBA Colleges in Mumbai Admission 2025
Top colleges in Mumbai offer a wide range of MBA specialisations that align with current industry requirements. The majority of the MBA colleges in Mumbai admission is based on the entrance exam scores, such as CAT, MAT, CMAT, MAH MBA CET, SNAP or XAT followed by GD/WAT/PI. Achieving a good score in any of the state/national-level MBA exams guarantees admission to the top MBA colleges in Mumbai.
How to Get an MBA Admission in Mumbai?
Follow the instructions to get an MBA seat at one of the best MBA colleges in Mumbai.
Step 1: Visit the official website of the best MBA colleges in Mumbai. Explore the MBA course details, fees, recruiters and placement statistics.
Step 2: Fill out the online MBA admission form with personal and academic details.
Step 3: Pay the required registration fee. Applications without fee payment won’t move forward in the selection process.
Step 4: Appear for the accepted MBA entrance exams, such as CAT, MAT, CMAT, or MAH MBA CET and aim for a competitive score.
Step 5: Candidates who meet the MBA entrance exam cutoff will be invited to proceed with further MBA admission procedures.
Step 6: The final merit list, released by the campus, lists the selected candidates.
Step 7: Selected candidates can confirm their seats by verifying documents and paying the fees.
MBA Colleges in Mumbai with Placements
The training and placement cell of top MBA colleges in Mumbai maintains connections with leading recruiters and alumni to help graduates secure employment with top companies in high-level roles, offering competitive salary packages. The majority of the top MBA colleges in Mumbai acquired a 90% placement record in the recent campus placements. Job roles offered after an MBA in Mumbai include Human Resource Management, Consulting & Strategy, Finance, and Investment Banking.
MBA Placements in Mumbai
The table below lists out the jobs after MBA from Mumbai, top companies, average MBA salary in Mumbai and specialisations.
Career After MBA in Mumbai: Top Recruiters & Salary Trends
| Domain | Popular Job Roles | Top Recruiters | Average Salary Package (Per Annum) |
| Finance | Investment Banker, Financial Analyst, Risk Analyst, Corporate Finance Manager | JP Morgan, Goldman Sachs, HDFC, ICICI Bank, Kotak, Deloitte | Rs. 10–28 LPA |
| Marketing | Brand Manager, Digital Marketing Manager, Product Manager, Marketing Analyst | Hindustan Unilever, P&G, Amazon, Viacom18, L’Oréal, Tata Motors | Rs. 8–18 LPA |
| Human Resources (HR) | HR Business Partner, Talent Acquisition Manager, L&D Manager, HR Analyst | Tata Group, Reliance Industries, Infosys, Capgemini, Aditya Birla Group | Rs. 6–12 LPA |
| Operations & Supply Chain | Supply Chain Manager, Operations Manager, Procurement Officer, Logistics Head | Amazon, Flipkart, Mahindra Logistics, DHL, Blue Dart, Godrej | Rs. 7–14 LPA |
| Consulting & Strategy | Strategy Consultant, Business Analyst, Management Consultant | McKinsey, BCG, Bain, EY, PwC, Accenture | Rs. 12–30 LPA |
| IT & Business Analytics | Data Analyst, Business Intelligence Manager, Product Analyst | TCS, Wipro, Infosys, Accenture, IBM, Capgemini | Rs. 7–15 LPA |
| Media & Entertainment | Media Planner, Content Strategist, Talent Manager, Ad Sales Executive | Sony, Zee5, Balaji Telefilms, Netflix, GroupM | Rs. 5–10 LPA |
| Entrepreneurship & Startups | Growth Manager, Business Development Head, Product Owner | CRED, upGrad, Nykaa, PharmEasy, Lenskart | Rs. 6–15 LPA |
FAQ:
- Which is the best MBA college in Mumbai?
According to the NIRF ranking 2024 management category, IIM Mumbai is considered the best MBA college in Mumbai, for its quality of education, learning resources, infrastructure, and excellent placement records.
- What is the MBA fee in Mumbai?
MBA course fee in Mumbai widely depends on the MBA specialisation, reputation of the campus, good ROI and infrastructure. The average MBA fee in Mumbai is around Rs. 10 lakhs to Rs. 20 lakhs. The MBA fee in private colleges of Mumbai is higher compared to that of government colleges.
- Can I do an MBA in 1 lakh?
Yes, Interested candidates can do online MBA courses at an affordable rate, with a cost ranging from Rs. 1 lakh to Rs. 2 lakh.
- What is the salary of MBA student in Mumbai?
The average MBA salary in Mumbai offered to freshers comes around Rs. 7 LPA to Rs. 12 LPA. The salary of MBA graduates in Mumbai varies based on factors such as skills, experience, and the reputation of the college where the MBA course is taken.
