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Top Colleges in Mumbai Accepting NMAT

There are many management colleges in Mumbai accepting NMAT to offer MBA admission. Among these MBA colleges, a total of 17 are privately owned and one college is owned by public/ government organizations. Some of the popular MBA colleges that accept NMAT scores are NMIMS School of Business Management Mumbai, NMIMS Mumbai, K J Somaiya Institute of Management, ICFAI Business School, Mumbai, ITM Business School, Navi Mumbai, SDA Bocconi Asia Center, and more.

Post declaration of NMAT results, the best MBA colleges in Mumbai accepting NMAT will start their admission process and shortlist candidates for selection rounds. The NMAT college's cutoff for management institutes varies as the institutes have their own cutoff criteria and selection process, and candidates must meet the cutoff scores to secure admission. 

Eligibility Criteria of Best MBA Colleges in Mumbai Accepting NMAT

  • Candidates must have done their graduation degree with a minimum of 50% marks in total aggregate.

  • Those who are in the final year of graduation are also eligible to apply for MBA admission to colleges that accept NMAT score.

  • Candidates should have a valid scorecard of the Narsee Monjee Aptitude Test (NMAT).

Free tools for personalized MBA college recommendations

Use these free tools to get a list of colleges where you can apply for MBA admission based on your entrance exam score. 

Best MBA Colleges in Mumbai - Accepting NMAT entrance exams

  • Narsee Monjee Aptitude Test (NMAT) - NMAT by GMAC is a national-level MBA entrance exam conducted by the Graduate Management Admission Council (GMAC). NMAT by GMAC exam is the mandatory entrance test for MBA admission to NMIMS Mumbai and its participating institutes.

Best MBA Colleges in Mumbai Accepting NMAT (NIRF Ranking)

National Institute Ranking Framework (NIRF) is a method adopted by MHRD, Government of India, to rank various educational institutes for higher education in India. The major NIRF ranking parameters that determine the best institutes are the research and professional practices like the research publications, patents, and other executive development programs of any Institution. Here is a list of MBA colleges in Mumbai accepting NMAT as per NIRF:’

College Name

NIRF Ranking

SPJIMR Mumbai

19

SVKM's NMIMS Mumbai

22

Best MBA Colleges in Mumbai Accepting NMAT (Careers360 Ranking)

Careers360 is a leading online education platform that offers a one-stop source for students who want to clarify their questions related to different aspects of their education. Based on its intensive research processes, Careers360 has published the following list of popular MBA colleges in Mumbai accepting NMAT:

College Name

Careers360 Ranking/Ratings

SPJIMR Mumbai

18

SVKM’s NMIMS Mumbai

29

KJ Somaiya Institute of Management

48

IBS Mumbai

AA

Best MBA colleges in Mumbai accepting NMAT - Fees

One of the most essential aspects that candidates must look at while determining the most prominent MBA colleges in India is the course fees. Here is the list of MBA colleges in Mumbai accepting NMAT based on their average course fees.

College Name

Course Fee

SPJIMR

Rs 19.00 Lakhs

ITM Mumbai

Rs. 13.45 Lakhs

IBS Mumbai

Rs 9.09 Lakhs

SVKM’s NMIMS Mumbai

Rs 20.84 Lakhs

Amity University, Mumbai

Rs 12.00 Lakhs

Best MBA colleges in Mumbai accepting NMAT - Admission Process

To get admission to an MBA course, candidates will have to qualify for the NMAT. There are various steps in the admission process which the candidates go through. Here are some of the steps in the admission process for the best MBA colleges in Mumbai accepting NMAT:

  1. Complete the NMAT registration process and pay the required examination fee.

  2. Appear for the NMAT Examination.

  3. After the NMAT results are announced, search for suitable institutes.

  4. Check deadlines for the applications in respective colleges and complete the application process beforehand.

  5. Prepare all the required documents about educational qualifications.

  6. Prepare for the various stages in the selection process.

  7. Appear for the selection process and give your best. 

  8. Check your name in the result. If passed, complete the admission process soon before the due date.

Click on the links below for the admission process details for the best MBA colleges in Mumbai accepting NMAT: 

Must check for MBA students

Check these links which mention the list of MBA colleges from India and metro cities. 

Frequently Asked Questions (FAQs)

Question - What is the basic eligibility criteria to appear in NMAT 2021 exam?

Answer - The NMAT eligibility criteria are that a candidate must have a bachelor's degree or equivalent from any acknowledged university or institute. The final year students of graduation are also qualified to apply for NMAT.

Question - What is the minimum percentage required for applying to NMAT exam?

Answer - Candidates must have a minimum of 50 percent marks in graduation to apply for the NMAT by GMAC exam.

Question - How many years for NMAT scorecard is valid?

Answer - NMAT scorecard is currently valid for two years.

Question - Is there any negative marking in NMAT?

Answer - No, there is no negative marking in the NMAT exam.

Question - Do I need prior work experience to apply for NMAT 2021 exam?

Answer - Candidates with work experience are given weightage in the admission process. However, candidates with no work experience can likewise apply for NMAT.

Team Careers360

Updated on 19 Jun 2025, 04:49 PM IST

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  • Mumbai
  • NMAT
Showing 10 Colleges

ATLAS SkillTech University, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.3/5
36 Reviews

ATLAS SkillTech University, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.3/536 Reviews

Careers360

Rating

: AA+

Careers360

Rating

: AA+
MBA
  • Exams:  CAT,
    +6 more
  • Fees : 11.45 Lakhs
300+ Brochures downloaded so far
300+ Brochures downloaded so far

BSE Institute Limited, Mumbai

Ownership:

Private


Mumbai, Maharashtra


BSE Institute Limited, Mumbai

Ownership:

Private

Mumbai, Maharashtra

300+ Brochures downloaded so far
300+ Brochures downloaded so far

IBS Mumbai - IBS Business School, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

3.6/5
175 Reviews

IBS Mumbai - IBS Business School, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

3.6/5175 Reviews
PGPM
  • Exams:  CAT,
    +6 more
  • Fees : 9.09 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far
FAQ icon
Commonly Asked Questions
Top Colleges in Mumbai Accepting NMAT
Q: What are the basic eligibility criteria to apply for MBA programs at NMAT accepting colleges in Mumbai?
A:
The basic eligibility criteria are: - Candidates must have a bachelor's degree from a recognized university with a minimum of 50% marks in aggregate. - Final year students of graduation are also eligible to apply. - Candidates must have a valid NMAT by GMAC score.
Q: What are the top MBA colleges in Mumbai that accept NMAT scores?
A:
Some of the top MBA colleges in Mumbai accepting NMAT scores are: - SVKM's NMIMS Mumbai (NIRF Rank 22) - SPJIMR Mumbai (NIRF Rank 19, Careers360 Rank 18) - K.J. Somaiya Institute of Management (Careers360 Rank 48) - IBS Mumbai (Careers360 Rating AA) - ITM Business School, Navi Mumbai
Q: What is the NMAT exam pattern and scoring system?
A:
The NMAT by GMAC exam has the following pattern: - Total duration: 2 hours - Total questions: 120 - Sections: Verbal Ability, Quantitative Skills, Logical Reasoning, and Analytical Reasoning - No negative marking - Scores are reported on a scale of 200-800
Q: What are the average MBA fees at the top NMAT accepting colleges in Mumbai?
A:
The average MBA fees at some of the top NMAT accepting colleges in Mumbai are: - SPJIMR Mumbai: Rs. 19 lakhs - SVKM's NMIMS Mumbai: Rs. 20.84 lakhs - ITM Business School, Navi Mumbai: Rs. 13.45 lakhs - IBS Mumbai: Rs. 9.09 lakhs - Amity University, Mumbai: Rs. 12 lakhs
Q: What are the key factors considered in the NIRF ranking of MBA colleges in Mumbai?
A:
The key factors considered in the NIRF ranking of MBA colleges in Mumbai include: - Teaching, learning, and resources - Research and professional practice - Graduation outcomes - Outreach and inclusivity - Perception

Jagdish Sheth School of Management, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Jagdish Sheth School of Management, Mumbai

Ownership:

Private

Mumbai, Maharashtra

MBA
  • Exams:  CAT,
    +6 more
  • Fees : 13 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far

Filter by State

KJSIM - K J Somaiya Institute of Management, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.2/5
157 Reviews

KJSIM - K J Somaiya Institute of Management, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.2/5157 Reviews

NIRF Ranking:

63

Careers360

Ranking

: 17

NIRF Ranking:

63

Careers360

Ranking

: 17
MBA
300+ Brochures downloaded so far
300+ Brochures downloaded so far

Lala Lajpat Rai Institute of Management, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

3.7/5
8 Reviews

Lala Lajpat Rai Institute of Management, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

3.7/58 Reviews
MMS
100+ Brochures downloaded so far
100+ Brochures downloaded so far

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.8/5
4 Reviews

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.8/54 Reviews

Careers360

Ranking

: 11

Careers360

Ranking

: 11
100+ Brochures downloaded so far
100+ Brochures downloaded so far
FAQ icon
Commonly Asked Questions
Top Colleges in Mumbai Accepting NMAT
Q: What kind of scholarships and financial aid options are available at NMAT accepting MBA colleges in Mumbai?
A:
The NMAT accepting MBA colleges in Mumbai offer various scholarship and financial aid options such as: - Merit-based scholarships for high NMAT scorers - Need-based scholarships for economically weaker students - Sponsorship programs for working professionals - Education loans and EMI options - Installment payment plans
Q: What kind of international exposure and exchange programs are offered at NMAT accepting MBA colleges in Mumbai?
A:
The NMAT accepting MBA colleges in Mumbai provide excellent international exposure through: - Student exchange programs with partner universities abroad - Short-term international immersion programs - Global consulting projects and internships - International faculty and guest speaker sessions - Opportunities for overseas campus visits
Q: What are the key research focus areas and publications at the top NMAT accepting MBA colleges in Mumbai?
A:
The top NMAT accepting MBA colleges in Mumbai are actively engaged in research across domains such as: - Entrepreneurship and innovation - Sustainable business practices - Digital transformation and technology management - Leadership and organizational behavior - Finance and investment strategies They have numerous research publications, patents, and industry collaborations.
Q: Do NMAT accepting MBA colleges in Mumbai offer any executive or part-time MBA programs?
A:
Yes, several NMAT accepting MBA colleges in Mumbai offer executive or part-time MBA programs to cater to working professionals, such as: - SVKM's NMIMS Mumbai: Executive MBA, Part-time MBA - SPJIMR Mumbai: Executive MBA - IBS Mumbai: Executive MBA - Amity University Mumbai: Executive MBA, Part-time MBA
Q: What is the NMAT exam fee structure and how can I apply for the exam?
A:
The NMAT by GMAC exam fee is Rs. 2,000. To apply for the exam, candidates need to: - Register on the official NMAT by GMAC website - Pay the exam fee through online payment options - Schedule the exam at a designated test center - Download the admit card prior to the exam date

SDA Bocconi Asia Center, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.5/5
40 Reviews

SDA Bocconi Asia Center, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.5/540 Reviews
International Master in Business
  • Exams:  CAT,
    +3 more
  • Fees : 20.75 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far

SP Jain School of Global Management, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.5/5
9 Reviews

SP Jain School of Global Management, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.5/59 Reviews
Executive MBA
  • Exams:  CAT,
    +4 more
100+ Brochures downloaded so far
100+ Brochures downloaded so far

SPJIMR Mumbai - SPJIMR, Mumbai

Ownership:

Private


Mumbai, Maharashtra


Rating:

4.5/5
22 Reviews

SPJIMR Mumbai - SPJIMR, Mumbai

Ownership:

Private

Mumbai, Maharashtra

Rating:

4.5/522 Reviews

NIRF Ranking:

20

Careers360

Ranking

: 3

NIRF Ranking:

20

Careers360

Ranking

: 3
GMP
100+ Brochures downloaded so far
100+ Brochures downloaded so far
Colleges Near By

Dr Mar Theophilus Institute of Management Studies, Navi Mumbai

Ownership:

Private


Navi Mumbai, Maharashtra


Dr Mar Theophilus Institute of Management Studies, Navi Mumbai

Ownership:

Private

Navi Mumbai, Maharashtra

PGDM
  • Exams:  CAT,
    +6 more
  • Fees : 6.50 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far

MIT-WPU Pune - Dr Vishwanath Karad MIT World Peace University, Pune

Ownership:

Private


Pune, Maharashtra


Rating:

4.4/5
34 Reviews

MIT-WPU Pune - Dr Vishwanath Karad MIT World Peace University, Pune

Ownership:

Private

Pune, Maharashtra

Rating:

4.4/534 Reviews

Careers360

Rating

: AAA

Careers360

Rating

: AAA
MBA Dual
600+ Brochures downloaded so far
600+ Brochures downloaded so far

Finxl Business School, Pune

Ownership:

Private


Pune, Maharashtra


Finxl Business School, Pune

Ownership:

Private

Pune, Maharashtra

MBA
  • Exams:  CAT,
    +6 more
  • Fees : 6.50 Lakhs
Brochures downloaded so far
Brochures downloaded so far
FAQ icon
Commonly Asked Questions
Top Colleges in Mumbai Accepting NMAT
Q: What are the basic eligibility criteria to apply for MBA programs at NMAT accepting colleges in Mumbai?
A:
The basic eligibility criteria are: - Candidates must have a bachelor's degree from a recognized university with a minimum of 50% marks in aggregate. - Final year students of graduation are also eligible to apply. - Candidates must have a valid NMAT by GMAC score.
Q: What are the top MBA colleges in Mumbai that accept NMAT scores?
A:
Some of the top MBA colleges in Mumbai accepting NMAT scores are: - SVKM's NMIMS Mumbai (NIRF Rank 22) - SPJIMR Mumbai (NIRF Rank 19, Careers360 Rank 18) - K.J. Somaiya Institute of Management (Careers360 Rank 48) - IBS Mumbai (Careers360 Rating AA) - ITM Business School, Navi Mumbai
Q: What is the NMAT exam pattern and scoring system?
A:
The NMAT by GMAC exam has the following pattern: - Total duration: 2 hours - Total questions: 120 - Sections: Verbal Ability, Quantitative Skills, Logical Reasoning, and Analytical Reasoning - No negative marking - Scores are reported on a scale of 200-800
Q: What are the average MBA fees at the top NMAT accepting colleges in Mumbai?
A:
The average MBA fees at some of the top NMAT accepting colleges in Mumbai are: - SPJIMR Mumbai: Rs. 19 lakhs - SVKM's NMIMS Mumbai: Rs. 20.84 lakhs - ITM Business School, Navi Mumbai: Rs. 13.45 lakhs - IBS Mumbai: Rs. 9.09 lakhs - Amity University, Mumbai: Rs. 12 lakhs
Q: What are the key factors considered in the NIRF ranking of MBA colleges in Mumbai?
A:
The key factors considered in the NIRF ranking of MBA colleges in Mumbai include: - Teaching, learning, and resources - Research and professional practice - Graduation outcomes - Outreach and inclusivity - Perception

FLAME University, Pune

Ownership:

Private


Pune, Maharashtra


Rating:

4.5/5
24 Reviews

FLAME University, Pune

Ownership:

Private

Pune, Maharashtra

Rating:

4.5/524 Reviews

Careers360

Ranking

: 34

Careers360

Ranking

: 34
MBA
100+ Brochures downloaded so far
100+ Brochures downloaded so far

Filter by State

IBS Pune - IBS Business School, Pune

Ownership:

Private


Pune, Maharashtra


Rating:

3.3/5
26 Reviews

IBS Pune - IBS Business School, Pune

Ownership:

Private

Pune, Maharashtra

Rating:

3.3/526 Reviews
PGPM
  • Exams:  CAT,
    +4 more
  • Fees : 9.09 Lakhs
Brochures downloaded so far
Brochures downloaded so far

ITM Navi Mumbai - ITM Business School, Navi Mumbai

Ownership:

Private


Navi Mumbai, Maharashtra


Rating:

4.0/5
138 Reviews

ITM Navi Mumbai - ITM Business School, Navi Mumbai

Ownership:

Private

Navi Mumbai, Maharashtra

Rating:

4.0/5138 Reviews

Careers360

Rating

: AAA+

Careers360

Rating

: AAA+
MBA i-connect
  • Exams:  CAT,
    +5 more
  • Fees : 12.45 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far

ITM Institute of Financial Markets, Navi Mumbai

Ownership:

Private


Navi Mumbai, Maharashtra


ITM Institute of Financial Markets, Navi Mumbai

Ownership:

Private

Navi Mumbai, Maharashtra

PGDM Financial Markets
  • Exams:  CAT,
    +6 more
100+ Brochures downloaded so far
100+ Brochures downloaded so far
FAQ icon
Commonly Asked Questions
Top Colleges in Mumbai Accepting NMAT
Q: What kind of scholarships and financial aid options are available at NMAT accepting MBA colleges in Mumbai?
A:
The NMAT accepting MBA colleges in Mumbai offer various scholarship and financial aid options such as: - Merit-based scholarships for high NMAT scorers - Need-based scholarships for economically weaker students - Sponsorship programs for working professionals - Education loans and EMI options - Installment payment plans
Q: What kind of international exposure and exchange programs are offered at NMAT accepting MBA colleges in Mumbai?
A:
The NMAT accepting MBA colleges in Mumbai provide excellent international exposure through: - Student exchange programs with partner universities abroad - Short-term international immersion programs - Global consulting projects and internships - International faculty and guest speaker sessions - Opportunities for overseas campus visits
Q: What are the key research focus areas and publications at the top NMAT accepting MBA colleges in Mumbai?
A:
The top NMAT accepting MBA colleges in Mumbai are actively engaged in research across domains such as: - Entrepreneurship and innovation - Sustainable business practices - Digital transformation and technology management - Leadership and organizational behavior - Finance and investment strategies They have numerous research publications, patents, and industry collaborations.
Q: Do NMAT accepting MBA colleges in Mumbai offer any executive or part-time MBA programs?
A:
Yes, several NMAT accepting MBA colleges in Mumbai offer executive or part-time MBA programs to cater to working professionals, such as: - SVKM's NMIMS Mumbai: Executive MBA, Part-time MBA - SPJIMR Mumbai: Executive MBA - IBS Mumbai: Executive MBA - Amity University Mumbai: Executive MBA, Part-time MBA
Q: What is the NMAT exam fee structure and how can I apply for the exam?
A:
The NMAT by GMAC exam fee is Rs. 2,000. To apply for the exam, candidates need to: - Register on the official NMAT by GMAC website - Pay the exam fee through online payment options - Schedule the exam at a designated test center - Download the admit card prior to the exam date

ITM Skills University, Navi Mumbai

Ownership:

Private


Navi Mumbai, Maharashtra


ITM Skills University, Navi Mumbai

Ownership:

Private

Navi Mumbai, Maharashtra

PGDM Financial Marketing
  • Exams:  CAT,
    +7 more
  • Fees : 10.95 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far

Nath School of Business and Technology, Aurangabad

Ownership:

Private


Aurangabad, Maharashtra


Nath School of Business and Technology, Aurangabad

Ownership:

Private

Aurangabad, Maharashtra

MMS
  • Exams:  CAT,
    +3 more
Brochures downloaded so far
Brochures downloaded so far

Pillai Business School, Navi Mumbai

Ownership:

Private


Navi Mumbai, Maharashtra


Pillai Business School, Navi Mumbai

Ownership:

Private

Navi Mumbai, Maharashtra

PGDM
  • Exams:  CAT,
    +5 more
  • Fees : 5 Lakhs
Brochures downloaded so far
Brochures downloaded so far

SNJB's Late Sau Kantabai Bhavarlalji Jain College of Engineering, Nashik

Ownership:

Private


Nashik, Maharashtra


Rating:

4.9/5
5 Reviews
MBA
  • Exams:  CAT,
    +7 more
  • Fees : 1.76 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far
FAQ icon
Commonly Asked Questions
Top Colleges in Mumbai Accepting NMAT
Q: How can I prepare effectively for the NMAT exam?
A:
To prepare effectively for the NMAT exam, candidates can: - Familiarize themselves with the exam pattern and syllabus - Practice sample questions and mock tests available online - Strengthen their skills in verbal ability, quantitative aptitude, and logical reasoning - Refer to recommended books and study materials - Attend coaching classes or online prep programs (if required)
Q: What is the validity period of the NMAT score?
A:
The NMAT by GMAC score is currently valid for a period of 2 years from the date of the exam.
Q: Is there any negative marking in the NMAT exam?
A:
No, there is no negative marking in the NMAT by GMAC exam. Candidates are only scored based on the correct answers.
Q: Can I apply to multiple NMAT accepting MBA colleges in Mumbai?
A:
Yes, candidates can apply to multiple NMAT accepting MBA colleges in Mumbai. However, they need to ensure that they meet the specific eligibility and admission requirements of each college.
Q: Do NMAT accepting MBA colleges in Mumbai have any industry collaborations or guest speaker sessions?
A:
Yes, the top NMAT accepting MBA colleges in Mumbai have strong industry collaborations and regularly invite guest speakers from the corporate world to provide students with real-world insights and networking opportunities.

NMIMS Navi Mumbai - SVKM's NMIMS School of Business Management, Navi Mumbai

Ownership:

Private


Kharghar, Maharashtra


Rating:

4.5/5
22 Reviews
MBA
  • Exams:  NMAT
  • Fees : 21 Lakhs
100+ Brochures downloaded so far
100+ Brochures downloaded so far
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