7 Colleges in Mumbai With 20+ LPA Placement Offers - And They're Not IIMs
  • Articles
  • 7 Colleges in Mumbai With 20+ LPA Placement Offers - And They're Not IIMs

7 Colleges in Mumbai With 20+ LPA Placement Offers - And They're Not IIMs

Malvika ChawlaUpdated on 19 Sep 2025, 09:18 AM IST

There are more than 120 colleges in Mumbai offering MBA; out of these, 110+ colleges are private and 10 are public colleges. Some of the famous management institutes in Mumbai include Narsee Monjee Institute of Management Studies (NMIMS), SP Jain Institute of Management and Research, TISS, JBIMS and several others. Colleges in Mumbai offer an MBA course in multiple fields, such as Marketing, Finance, Operations Management and Human Resource Management. To get admission to one of the top colleges in Mumbai, candidates must have valid scores from entrance exams like CMAT, CAT, MAT, XAT and MAH CET. To find out more information on top 7 colleges in Mumbai with 20+ LPA and are not IIMs, make sure you keep reading the article.

7 Colleges in Mumbai With 20+ LPA Placement Offers - And They're Not IIMs
7 Colleges in Mumbai With 20+ LPA Placement Offers - And They're Not IIMs

Top 7 Colleges in Mumbai with 20+ LPA Package & Are Not IIMs

Take a look at the top 7 colleges in Mumbai which offer 20+ LPA packages and are not IIMs.

Jamnalal Bajaj Institute of Management Studies (JBIMS)

JBIMS, Mumbai, offers a Master’s in Management degree to students, which equips them with the skills to excel in leadership roles across various domains. Also known as the CEO Factory, JBIMS was established in the 1960s by the University of Mumbai.

Jamnalal Bajaj Institute of Management Studies offers PG, part-time, PhD and several other courses to students. These courses are offered across various streams, including Finance and Management.

Programs

MMS (Masters in Management Studies)

Specialisations Offered

Marketing, Finance, Operations, HR, Supply Chain Management, Systems and Digital Business

Total Fees

Rs. 6-7 Lakhs

Highest Package

Rs. 42 LPA

Average Package

Rs. 27 LPA

Top Recruiters

JP Morgan, Accenture, Deloitte, etc.

NMIMS School of Business Management

NMIMS offers MBA programs through its School of Business Management at its Mumbai campus and other locations, with admission based on NMAT scores. NMIMS is well-known for its flagship MBA program and its various specialisations.

Programs

MBA

Specialisations Offered

Business Analytics, International Business, Operations, HR, Marketing and Finance

Total Fees

Rs. 21 Lakhs

Highest Package

Rs. 35 LPA

Average Package

Rs. 20 LPA

Top Recruiters

Google, Amazon, KPMG, etc.

TISS, Tata Institute of Social Sciences

Tata Institute of Social Sciences, TISS does not offer a standard MBA program; instead, it offers management-focused programs such as MA in Human Resource Management and Labour Relations. Graduates of the HRM & LR program are well-regarded in the global industry, holding leadership positions across various sectors.

Programs

Master of Arts (Human Resources Management)

Specialisations Offered

Social Entrepreneurship, Data Analysis, Retail Management and Leadership, Human Resource Management & Labour Relations

Total Fees

Rs. 1.85 Lakhs

Highest Package

Rs. 42 LPA

Average Package

Rs. 22.28 LPA

Top Recruiters

Mahindra, TCS and Reckitt. etc.

KJ Somaiya Institute of Management

The KJ Somaiya Institute of Management in Mumbai offers an MBA program and is well-known for offering diverse specialisations such as Human Resources, Financial Services and International Business. To get admission, students must have valid scores in either of the entrance exams, CAT, XAT, GMAT, NMAT or CMAT.

Programs

MBA

Specialisations Offered

HR, Operations, Marketing, Finance, Data Analytics and Business Economics

Total Fees

Rs. 22.23 Lakhs

Highest Package

Rs. 23.75 LPA

Average Package

Rs. 12.79 LPA

Top Recruiters

Infosys, EY, Cognizant, etc.

BITS School of Management (BITSOM)

BITS School of Management (BITSoM) offers a two-year, full-time residential MBA program with a focus on future-ready skills, leadership and a transformative learning experience. The college accepts entrance exam scores of CAT, GRE and GMAT, though the admission process considers a holistic profile.

Programs

MBA

Specialisations Offered

Marketing and Consumer Insights, E-Commerce and Digital Leadership, Leadership and Strategy, Finance and Investments

Total Fees

Rs. 22.50 Lakhs

Highest Package

Rs. 50 LPA

Average Package

Rs. 23.41 LPA

Top Recruiters

Goldman Sachs, Microsoft, etc.

IIT Bombay - Shailesh J. Mehta School of Management (SJMSOM)

The IIT Bombay - Shailesh J. Mehta School of Management (SJMSOM) offers students a 2-year full-time MBA program, which requires a Bachelor’s degree and a valid CAT score for admission. Admission will be based on the CAT percentile, work experience, academic background and other factors.

Programs

MBA

Specialisations Offered

Business Analytics, Strategy and Consulting, Leadership and Innovation, Technology Management, HR, Entrepreneurship, Marketing, Operations, Finance and General Management

Total Fees

Rs. 10.50 Lakhs

Highest Package

Rs. 50 LPA

Average Package

Rs. 27 LPA

Top Recruiters

PWC, McKinsey, Google, etc.

S.P. Jain Institute of Management and Research (SPJIMR)

S.P. Jain Institute of Management and Research (SPJIMR) is a well-known school of management in Mumbai. The institute was established in 1981. SPJIMR is a part of the Bharatiya Vidya Bhavan and functions as an autonomous institute.

Programs

PGDM (BM)

Specialisations Offered

Operations, Marketing, Information Management, Supply Chain (Global) and Finance

Total Fees

Rs. 20 Lakhs

Highest Package

Rs. 45 LPA

Average Package

RS. 22 LPA

Top Recruiters

Microsoft, Accenture Strategy, McKinsey, Bain, Google, etc.

Why These Non-IIM Mumbai Colleges Attract 20+ LPA Offers?

The following reasons mention why these non-IIM Mumbai colleges attract 20+ LPA offers.

  • Location Advantage: Studying in India’s financial hub, students get early exposure through corporate projects and internships.

  • Strong Alumni Base: Colleges with decades of corporate connections ensure consistent recruiter loyalty.

  • Sectoral Strength: Domains like Consulting, BFSI and Tech are known for dominating placements; these sectors offer high CTC offers.

  • Diversity of Talent: Lastly, these institutes attract students with backgrounds in engineering, commerce and liberal arts.

Frequently Asked Questions (FAQs)

Q: Is KJ Somaiya a good college for pursuing MBA?
A:

Yes, KJ Somaiya Institutions are generally considered good, especially for students with a median score in entrance exams like CAT or GMAT. 

Q: Which college is better in Mumbai?
A:

Some of the top colleges in Mumbai include IIT Bombay for engineering, SP Jain Institute of Management and Research (SPJIMR), Jamnalal Bajaj Institute of Management Studies (JBIMS) for management, Tata Institute of Social Sciences (TISS) for social sciences and St. Xavier’s college for general arts. 

Q: Which college has the highest placement in Mumbai?
A:

For the highest placements in Mumbai, one can consider the Indian Institute of Technology Bombay (IIT Bombay) and the Indian Institute of Management, Mumbai (IIM Mumbai) for engineering and management, respectively. These institutes have often been listed with high average package ranging between Rs. 55 LPA to over Rs. 34 LPA. 

Certifications By Top Providers
Online MBA Business Analytics
Via Centre for Distance and Online Education, Anna University, Chennai
Corporate Law
Via National Law University, New Delhi
The Science and Business of Biotechnology
Via Massachusetts Institute of Technology, Cambridge
Online MBA
Via Centre for Distance and Online Education, Anna University, Chennai
Management of Commercial Banking
Via Indian Institute of Technology Kharagpur
Strategic Management
Via Indian Institute of Management Bangalore
Udemy
 703 courses
Edx
 467 courses
Swayam
 236 courses
Emeritus
 231 courses
Explore Top Universities Across Globe
University of Essex, Colchester
Wivenhoe Park Colchester CO4 3SQ
Oxford Brookes University, Oxford
Headington Campus Oxford OX3 0BP UK
Northumbria University, Newcastle City Campus
Sutherland Building, Northumberland Road, Newcastle-upon-Tyne, NE1 8ST
Cardiff Metropolitan University, Cardiff
Llandaff Campus, Western Avenue, Cardiff, CF5 2YB
University of Reading, Reading
Whiteknights PO Box 217 Reading Berkshire RG6 6AH
Bristol Baptist College, Bristol
The Promenade, Clifton Down, Bristol BS8 3NJ