There are many top colleges in Mumbai with low fees that provide good placement opportunities. Top MBA colleges in Mumbai fees range from Rs. 8,13,150 to Rs. 22,50,000 and their placements lie between Rs. 6,50,000 to Rs. 33,00,000. Admission into top MBA colleges in Mumbai without entrance exam is not a huge possibility. However, many top MBA colleges in Mumbai accept a variety of exams other than CAT. Like XAT, MAT, CMAT, MAH MBA CET, and NMAT . To get the list of government MBA colleges in Mumbai with fees structure, and to know more about private MBA colleges in Mumbai, and much more continue to read this article further.
Given below is a table showing top MBA colleges ranking based on NIRF 2025 and NIRF 2024 rankings.
College Name | NIRF 2025 Ranking | NIRF 2024 ranking |
IIM Mumbai | 6 | 6 |
Indian Institute of Technology Bombay | 14 | 10 |
S.P. Jain Institute of Management & Research | 20 | 20 |
SVKM`s Narsee Monjee Institute of Management Studies | 24 | 21 |
K J Somaiya Institute of Management Studies and Research | 65 | 63 |
Principal L N Welingkar Institute of Management Development and Research | 75 | 84 |
Below are the lists of the best government MBA colleges in Mumbai and private MBA colleges in Mumbai with their respective fees.
Private College Name | Courses | Fees |
NA | ||
Rs. 22,50,000 | ||
NA | ||
Rs. 11,50,000 | ||
Rs. 22,30300 |
Govt College Name | Courses | Tuition Fees |
Rs. 20,50,000 | ||
Rs. 8,13,150 | ||
Rs. 15,15,500 | ||
NA |
Check out the best MBA colleges in India and its metropolitan cities -
Best MBA colleges 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 may involve multiple rounds like WAT, GD and PI depending on the demand of the respective college.
Listed below is the admission process for the best MBA Colleges in Mumbai
College Names | Admission Process |
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. |
Use these free tools to get a list of colleges where you can apply for MBA admission based on your entrance exam score.
Data on Best MBA Colleges in Mumbai Placement wise alongside their Median Salary and top recruiters is given below:
Placement Links | Median salary | Top Recruiters |
Rs. 33,00,000 | Accenture, Amazon, Hero group, Asian Paints, Microsoft, PWC, Tata Groups | |
Rs. 30,00,000 | HUL, Nestlé, P&G Goldman Sachs, Edelweiss Alternatives and J.P. Morgan, Google, Microsoft | |
Rs. 12,00,000 | Aditya Birla Capital, Quickr, ITC, Airtle, Amazon, Bisleri | |
Rs. 2673000 | Air India, Asian Paints, Avalon Consulting, Coca cola, GSK, Mondelez International, PWC | |
Rs. 6,50,000 | Schneider Electric, Aracana, Unify, People Square, Rustomjee, Panasonic |
Candidates need to match the minimum cutoff scores given by institutions in the specific exam to be able to apply for admissions. Given below is the minimum cutoff scores of MBA colleges in Mumbai:
Listed below are the cut-off ranks of the best MBA colleges in Mumbai for 2026
Colleges | Exam | Rank/Percentile |
IIM Mumbai (NITIE) | CAT | 85 percentile in CAT |
SPJIMR Mumbai | CAT | 85 - 90 percentile |
KJ Somaiya Institute of Management Studies | CAT | 83+ Percentile and above |
SJMSOM IIT | CAT | 90 Percentile and above |
Candidates should have a bachelor's degree from a recognised university or institution in any discipline.
Many MBA colleges in Mumbai require candidates to have a valid score in a national or state-level management entrance exam. Common entrance exams include CAT, XAT, MAT, CMAT, MAH MBA CET, and NMAT.
Candidates may need to fulfil any additional requirements specified by the college, such as appearing for group discussions (GD) and personal interviews (PI).
CAT (Common Admission Test) is conducted for 21 IIMs and 1000+ B-schools in India. The CAT exam syllabus is divided into three 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.
Also check -
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Careers360
: AA+Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Careers360
: AA+Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra
Ownership:
Mumbai, Maharashtra