Mumbai, being the financial hub of India, is a perfect location for those aspirants who want to build their career in management. Mumbai has a strong placement network, and every year, several candidates search for the best B-Schools in this city but a few make their way to the right MBA college. This article covers the best MBA Colleges in Mumbai for 2026, including campus overview, course fees, recruiting opportunities, and median salary. Let us take a look.
Estd Year | 1977 |
Ownership | Private |
NIRF Ranking | 75 |
Total Students | 1422 |
Total Male | 828 |
Total Female | 594 |
PGDM Fees | Rs. 14.00 L |
Prin LN Welingkar Institute of Management Development and Research, Mumbai is one of the prestigious private institutes and holds 75th position in the NIRF ranking. This institute was founded in 1977 and has approximately 1422 students intake, out of 1422 students 828 are males and 594 are females. The fee for the PGDM program is Rs. 14 Lakhs.
Year | 2020-22 | 2021-23 | 2022-24 |
Placement % | 98.06% | 97.14% | 97.24% |
Median Salary | Rs. 10,50,000 | Rs. 11,78,000 | Rs. 11,50,000 |
The placement rate for the batch 2022-2024 at Prin LN Welingkar Institute of Management Development and Research, was 97.24 per cent at a median salary of Rs. 11.5 Lakhs, reflecting excellent placement performance.
Estd Year | 1991 |
Ownership | Private |
Careers360 Rating | AAA+ |
Average CTC | Rs. 8.65 LPA |
Highest CTC | Rs. 21 LPA |
Placement % | 97% |
MBA Fees | Rs. 12.45 L |
ITM Business School Navi Mumbai is a private institute, established in 1991. The average CTC offered by this institute was Rs. 8.65 LPA and the highest CTC was Rs. 21 LPA with a 97 per cent placement rate. The fee for the MBA program is Rs. 12.45 Lakhs.
Asian Paints | Deloitte |
IDFC First Bank | Capgemini |
Johnson & Johnson | Jio |
Atul | Tata Consultancy Services |
IDBI Bank | Capital First |
Häfele | Parle Agro |
Panasonic | SBI Securities |
ITC Limited | Saint-Gobain |
Nielsen | McKinsey & Company |
Numerous companies participated in the placement drive at ITM Business School. This table lists some of the major recruiting companies at ITM Business School Navi Mumbai.
Estd Year | 1995 |
Ownership | Pvt. Affiliated College |
Total Students | 624 |
Total Male | 357 (57%) |
Total Female | 267 (43%) |
PGDM Fees Range | Rs. 16.50 L |
NL Dalmia Institute of Management Studies and Research, Mumbai is a private affiliated college, established in 1995. This institute has 57 percent males and 43 per cent are females. The fee for the PGDM program is Rs. 16.50 Lakhs.
Year | 2020-21 | 2021-22 | 2022-23 |
Placement % | 68.49% | 77.93% | 76.37 |
Median Salary | Rs. 6,10,000 | Rs. 7,50,000 | Rs. 8,50,000 |
The placement outcome for the batch 2022-2023 at NL Dalmia Institute of Management Studies and Research, Mumbai, was 76.37 per cent at a median salary of Rs. 8.5 Lakhs.
Estd Year | 1994 |
Ownership | Pvt. Affiliated College |
Total Students | 346 |
Total Male | 177 (51%) |
Total Female | 169 (49%) |
MMS Fees Range | Rs. 5.30 L |
Vivekanand Education Society's Institute of Management Studies and Research, Mumbai is a private affiliated college, established in 1994. Total student intake is 346 with 51 per cent male students and 49 per cent female students. The fee for the MMS program is Rs. 5.30 Lakhs.
Year | 2020-21 | 2021-22 | 2022-23 |
Placement % | 62.92% | 43.57% | 90.13% |
Median Salary | Rs. 5,65,000 | Rs. 5,00,000 | Rs. 6,50,000 |
Vivekanand Education Society's Institute of Management Studies and Research has a placement rate of 90.13 per cent for the batch 2022-2023 at a median salary of Rs. 6.5 Lakhs.
Estd Year | 1984 |
Ownership | Private |
Careers360 Rating | AAA+ |
Average CTC | Rs. 5.5 LPA |
Highest CTC | Rs. 16 LPA |
Placement % | 100% |
MMS Fees | Rs. 3.15 L |
Bharati Vidyapeeth’s Institute of Management Studies and Research, Navi Mumbai is a private institute with a AAA+ rating by Careers360. BVIMSR was established in 1984. This institute provides 100 per cent placement with the average CTC of Rs. 5.5 LPA and highest CTC of Rs. 16 LPA. The fees for the Master of Management Studies is Rs. 3.15 Lakhs.
Bata | PepsiCo |
Justdial | PwC |
TCS | Mahindra Finance |
Kotak Mahindra Bank | Tech Mahindra |
Infosys | ICICI Bank |
Accenture | Reliance Industries |
Diverse companies participated in the recruitment drive at BVIMSR. Some of the major recruiting companies include Bata, PepsiCo, Justdial, Reliance Industries, Tech Mahindra, Kotak Mahindra Bank, and many more.
These are the five best MBA colleges in Mumbai which management aspirants can consider according to their budget and priorities.
On Question asked by student community
Hi Tanya,
The fees for MBA IB distance course range from Rs. 50,000 to Rs. 2,00,000. However, the MBA IB distance course fee at IIFT is Rs. 10,50,000 which includes an alumni fee of Rs. 10,000. SC, ST and PWD category candidates are given 50% concession in tuition fee only.
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MBA At at SCSVMV | NAAC 'A' Grade | AICTE & UGC Aproved | 100% Placement Support | Merit-based Scholarships
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
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