Top 12 MBA/PGDM Colleges in Mumbai
Some of the best MBA schools in the country are located in Mumbai, which is the financial capital of India. With top schools like IIM Mumbai, IIT Bombay, SPJIMR, NMIMS, and Welingkar, Mumbai has a lot to offer when it comes to management education. In Mumbai, there are more than 200 MBA colleges. These include top private institutions as well as universities and the colleges that are affiliated with them. Private MBA schools usually charge between INR 5,000,000 and 15,000,000 per year. Top companies in finance, marketing, consulting, IT, and other fields hire graduates from Mumbai’s best business schools and pay up to INR 250,000 per year.
Eligibility Criteria
Eligibility requirements for MBA courses may differ among different colleges. Nevertheless, the basic criteria for enrolment to Mumbai’s premier MBA institution are as follows:
The basic requirement for enrolment to the MBA (full-time) program is the obtaining of a bachelor’s degree in any field or equivalent from a recognised college or university.
Most institutions follow the standard or similar minimum score criterion of 50% for undergraduate graduation. Graduates in the reserved category must achieve a minimum overall score of 45 percent.
Degree candidates in their last year of study are eligible to apply for an MBA if they can provide evidence that their degree was obtained within the timeframe specified by the institution.
Entrance Exams
Usually, MBA colleges in Mumbai admit students through a range of entrance examinations, which vary based on the university and the programs offered. Below is a list of frequently administered MBA admissions tests that may be required to get MBA admission in Mumbai:
| CAT | XAT |
| CMAT | MAT |
| ATMA | MAHCET |
Top 5 MBA Colleges in Mumbai based on NIRF Rank
| University name | NIRF Ranking |
| SPJIMR, Mumbai | # 4 |
| SJMSoM-IIT Bombay | # 13 |
| NMIMS, Mumbai | # 14 |
| IIM Nagpur | # 27 |
| K J Somaiya Institute of Management, Mumbai | # 29 |
Top Govt. MBA colleges in Mumbai
| Government Colleges | Total Fee |
| University of Mumbai | INR 2 lakh |
| Sasmira’s Institute of Management Studies | INR 4 lakh |
| IIT Bombay | INR 8 lakh – INR 20 lakh |
| IIM Mumbai (formerly known as NITIE) | INR 8.5 lakh |
Top 10 MBA Colleges in Mumbai with Placement
| Colleges Name | Average package |
| SPJIMR, Mumbai | INR 33.02 LPA |
| SJMSoM-IIT Bombay | INR 28.88 LPA |
| JBIMS Mumbai | INR 27.63 LPA |
| Tata Institute of Social Sciences (TISS) Mumbai | INR 27.22 LPA |
| IIM Mumbai (NITIE) | INR 25.40 LPA |
| BITS School of Management – BITSOM, Mumbai | INR 23.85 LPA |
| NMIMS, Mumbai | INR 23.07 LPA |
| IIM Nagpur | INR 16.74 LPA |
| SDA Bocconi Asia Center Mumbai | INR 14.30 LPA |
| SIMSREE Mumbai | INR 13.33 LPA |
| K J Somaiya Institute of Management, Mumbai | INR 12.23 LPA |
ITM BUSINESS SCHOOL, NAVI MUMBAI
UNIVERSAL BUSINESS SCHOOL (UBS), MUMBAI
