Top 10 MBA Colleges in Mumbai with Fees & Placements
Written by Beena Singh | Reviewed by Prasad Sawant on 24 July, 2026
Mumbai is an excellent city for pursuing an MBA. It is home to some of the best business schools in India and connects you directly to the country’s largest business network. As India’s financial capital, Mumbai provides plenty of opportunities for internships, jobs, and hands-on business experience.
If you want a successful career in finance, consulting, marketing, operations, or HR, consider earning your MBA from one of Mumbai’s top colleges. Many of these schools have strong placement records and are well respected.
This blog highlights the top 10 MBA colleges in Mumbai. The city has over 120 MBA colleges, with more than 110 private and 10 public institutions. These colleges offer programs in Finance, Marketing, Operations Management, and Human Resources. Admission is usually based on entrance exams like CAT, CMAT, XAT, MAT, and MAHCET. Here’s a closer look at the top 10 MBA colleges in Mumbai, including their courses, placements, and specializations.
Top 10 MBA Colleges in Mumbai: Courses, Duration, & Entrance Exams
Each of Mumbai’s top 10 MBA colleges helps students set high goals and supports them in reaching those goals. These colleges are recognized by UGC or AICTE. MBA program fees in Mumbai range from ₹80,000 to ₹2 lakh per year. Keep reading to see which college could be the right fit for your career.
1. S. P. Jain Institute of Management and Research (SPJIMR) (PGDM)
Bharatiya Vidya Bhavan’s S P Jain Institute of Management and Research (SPJIMR) is a leading school of management that features in the Top 10 MBA colleges in Mumbai. Established in 1981, SPJIMR is a part of the Bharatiya Vidya Bhavan and functions as an autonomous institute with entrepreneurial agility.
It is consistently ranked amongst the top management institutes in India. In the recently released FT Global Masters in Management (MIM) Rankings 2026, SPJIMR Mumbai has secured World Rank #74 and India Rank #8, ahead of IIM Ahmedabad, IIM Calcutta, IIM Lucknow, and other top B-schools.
- Course Offered: PGDM (BM) as a 2-year full-time residential programme; 1 Year full-time PGPM and other executive programs.
- Course Duration: 2 years
- Exam Accepted: CAT/XAT/GMAT
2. Indian Institute of Management Mumbai (IIM Mumbai)
NITIE was renamed IIM Mumbai in August 2023, becoming the 21st IIM in India. With a 60-year history, IIM Mumbai provides a solid foundation for students aiming to become future leaders.
Recognized as one of the 15 centres of excellence by the Ministry of HRD, Government of India, IIM Mumbai has built a reputation for developing top business talent in the country. It is now listed among the top 10 MBA colleges in Mumbai.
- Course Offered: MBA, PGDM
- Course Duration: 2 years
- Exam Accepted: CAT
3. Indian Institute of Technology, Bombay (IIT-B SJMSOM) (MBA)
SJMSOM, IIT Bombay, has a distinct place as a national and global business management school. Apart from the MBA, SJMSOM offers PhD programs and has recently launched an Executive MBA, jointly with Washington University in St. Louis, USA.
SJMSOM offers a well-structured curriculum and training that prepares students to handle today’s professional challenges.
- Course Offered: Master of Business Administration (MBA)
- Course Duration: 2 years
- Exam Accepted: CAT, GMAT
4. Jamnalal Bajaj Institute of Management Studies (JBIMS) (MMS, MSc. Finance, and MHRD)
JBIMS has a long history and offers master’s programs in Management, Finance, and Human Resource Development. Often called the CEO Factory, JBIMS was founded in 1965 by the University of Mumbai and now boasts a strong alumni network. The institute also offers postgraduate, part-time, PhD, and other courses in related fields.
- Course Offered: MMS, MSc. Finance and MHRD
- Course Duration: 2 years
- Exam Accepted: MAH CET/CAT. For the MMS program, they also accept MAT, ATMA, CMAT, GMAT, CAT for All India seats.
5. Tata Institute of Social Sciences, Mumbai (TISS) (HRM&LR and ODCL)
TISS is known for its focus on social justice and human rights. Its HRM program helps students address HR challenges and offers strategic insights for working in organizations.
- Course Offered: HRM&LR
- Course Duration: 2 years
- Exam Accepted: CAT
TISS’s ODCL program focuses on organizational development and teaches students about leadership, guidance, and transformation. The Tata Institute of Social Sciences organizes teaching programs to help develop skilled and committed professionals.
- Course Offered: Master of Arts (ODCL)
- Course Duration: 2 years
- Exam Accepted: Candidates who have completed their Bachelor’s or Master’s Degree with 2 Years of Work Experience and valid CUET PG scores.
6. SVKM’s NMIMS, Mumbai (MBA Core, HR, BA, and Digital Transformation)
NMIMS offers a traditional MBA program that focuses on core management subjects. SVKM’s NMIMS, Mumbai (MBA Core), is considered one of the top MBA colleges in Mumbai. This program blends theory with practical application, giving students a strong foundation for a successful management career.
- Course Offered: MBA, MBA BA, and MBA Digital Transformation
- Course Duration: 2 years
- Exam Accepted: Any bachelor’s degree with at least 50%
NMIMS offers an MBA specializing in Human Resources. SVKM’s NMIMS, Mumbai (MBA HR)
HRM is an important function in every organization, and NMIMS recognizes this. Its MBA in Human Resources prepares students to manage an organization’s most valuable asset: its people. NMIMS is considered one of the best colleges for an MBA in Mumbai.
- Course Offered: MBA HR
- Course Duration: 2 years
- Exam Accepted: NMAT
7. BITSoM, BITS School of Management (MBA)
BITSoM’s MBA program focuses on innovation and entrepreneurship, preparing students to lead with agility in today’s fast-changing business world.
- Course Offered: Master of Business Administration (MBA)
- Course Duration: 2 years
- Exam Accepted: CAT/XAT/GMAT
8. SDA Bocconi Asia Centre, Mumbai (IMBA)
The SDA Bocconi Asia Centre is the Asian branch of Italy’s SDA Bocconi School of Management. Its program is designed to develop leaders with global exposure and meets current industry needs. Students also complete a required semester abroad. Since starting in 2012, the Asia Centre has quickly risen in the rankings and is now seen as one of Mumbai’s top MBA colleges.
- Course Offered: IMB
- Course Duration: 2 years
- Exam Accepted: CAT, GMAT, GRE, NMAT, Own Exam
9. SIMSREE, Mumbai (MMS)
Sydenham, an institution with a 110-year history, established SIMSREE in Churchgate, Mumbai’s financial center, to offer quality and affordable management education that meets industry needs. SIMSREE is one of Mumbai’s most popular colleges, known for its high cutoffs and strong reputation among students and industry leaders.
- Course Offered: MMS
- Course Duration: 2 years
- Exam Accepted: CAT, CMAT, CET. For the MMS program, they also accept MAT, ATMA, CMAT, GMAT, CAT for All India seats.
10. Welingkar, Mumbai
L.N. Welingkar Institute of Management Development and Research (WeSchool) has become one of the torchbearers of progressive higher education today. Shaping the business giants of tomorrow, they run every program with the continuously evolving socio-economic world in mind.
- Course Offered: PGDM
- Course Duration: 2 years
- Exam Accepted: CAT, XAT, CMAT, ATMA, GMAT
Best College for MBA in Mumbai With Low Fees
Many students dream of pursuing an MBA in Mumbai because of the many opportunities and specializations available. However, high fees can discourage some from following this path. Don’t worry, we’ve put together a list of Mumbai’s best MBA colleges with low fees, so even those on a budget can find good options.
Most low-fee MBA colleges in Mumbai are approved by AICTE. You can choose a college that fits your budget and improve your chances of getting placed in top companies and brands in Mumbai.
Top Government MBA Colleges in Mumbai
Top government MBA colleges in Mumbai are also very popular among students. Here’s a list of government-owned colleges in Mumbai with more details.
| IIM Mumbai | 22 Lakh | 33 LPA |
| SJMSOM Mumbai | 15 Lakh | 28 LPA |
| SNDT Mumbai | 2 Lakh | 4 Lakh |
| Sasmira The Synthetic and Art Silk Mill’s Research Association, Mumbai | 4 Lakh | 7 LPA |
| MNLU Mumbai | 5 Lakh | 7 LPA |
| IIT Bombay | 15 Lakh | 30 LPA |
| Mumbai University | 21.3 K – 8.4 Lakh | 17 LPA |
5 Best MBA Colleges in Mumbai Accepting Admission without Entrance Test
Preparing for entrance tests can be exhausting for students. If you have already scored well in national-level exams or in your undergraduate studies, you can apply to MBA colleges that offer merit-based direct admissions. Here’s a list of colleges that admit students without an entrance test.
| S.No | College Name | Admission Criteria |
| 1. | Amity University, Mumbai | Direct Admission (Academic Merit + PI) |
| 2. | ICFAI Business School (IBS), Mumbai | Direct Admission via IBSAT or PI |
| 3. | VPM’s Dr. V. N. Bedekar Institute of Management Studies | Direct Admission Available |
| 4. | Universal Business School (UBS), Karjat | Direct Admission (Profile-based + Interview) |
| 5. | Thakur Institute of Management Studies and Research (TIMSR) | Direct Admission / Institute-level entrance |
One of the biggest advantages of doing an MBA in Mumbai is the strong placement record. More than 70% of students from top colleges are recruited by companies like Accenture, IBM, Amazon, Google, Microsoft, and HDFC Bank. Mumbai is a center for innovation, technology, and education, attracting many students and professionals who want to advance their careers. The city is home to many successful businesses in fields like manufacturing, retail, finance, IT, and real estate. This blog gives you an overview of the top 10 MBA colleges in Mumbai.
