MBA, or Master of Business Administration, is one of the most preferred postgraduate programs in India. Every year, lakhs of students appear for popular entrance exams like CAT, XAT, CMAT, and MAH-CET to get into the best MBA colleges across the country. Here is a detailed list of the Best MBA colleges in Mumbai.
Mumbai, the financial capital of India, offers a wide range of options when it comes to quality education. From top government MBA colleges in Mumbai like IIM Mumbai, JBIMS, and SIMSREE to well-known private MBA colleges in Mumbai such as NMIMS, SPJIMR, and Welingkar, the city offers something for every type of student.
With a lot of options, it can be difficult to choose the right one. That’s why we have made a short list of the top MBA colleges in Mumbai to help you choose the best one. Read on to know in detail about the top MBA colleges in Mumbai and what makes them stand out from other colleges.
Top 10 Best MBA Colleges in Mumbai | Updated 2025 List
Discover the best MBA colleges in Mumbai for 2025. Compare rankings, fees, placements & admission details to choose the right B-School for your career.
1. Indian Institute of Management, Mumbai (IIM Mumbai)
Founded in 1963, IIM Mumbai is a management institute and one of the top MBA colleges in Mumbai. Currently ranked as the 6th best management institute in the country by the NIRF, the college offers top MBA programs. IIM Mumbai offers a total of 8 degrees and various other certificate courses. Being the top government MBA college in Mumbai, IIM Bangalore offers an MBA with placement in Mumbai.
- Courses Offered: MBA, Executive MBA, Certificate courses, etc.
- Admission: Admission is based on the CAT exam.
- Website: www.iimmumbai.ac.in
- Address: IIM Mumbai, Vihar Lake Road, Powai, Mumbai, Maharashtra 400087
IIM Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | – | ₹14 lakhs |
| MBA in Sustainability Management | – | ₹14 lakhs |
| MBA in Operations and Supply Chain Management | – | ₹14 lakhs |
| Fellowship Program in Management | 40 | – |
| Executive MBA | – | ₹15 lakhs |
2. S.P. Jain Institute of Management and Research, Mumbai (SPJIMR)
One of the AICTE-approved MBA colleges in Mumbai, S.P. Jain Institute of Management and Research, was established in 1981. It is ranked as one of the top MBA colleges in India by various institutions. S.P. Jain Institute was ranked 20 by the NIRF in 2024 under the management category. The institute tops the list of top private MBA colleges in Mumbai and offers various courses, including MBA, PG diploma, and certificate courses.
- Courses Offered: MBA, PG Diploma, and certificate courses.
- Admission: Admission is based on a valid score in the CAT or GMAT.
- Website: www.spjimr.org
- Address: Bhavan’s Campus, Munshi Nagar, Dadabhai Road, Andheri West, Mumbai 400058
SPJIMR Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| PGDM | 240 | ₹24 lakhs |
| PGPM | 180 | ₹14.5 lakhs |
| Global Management Programme | – | ₹25 lakhs |
| PGP-FMP | 250 | ₹17.05 lakhs |
| FPM | 10 | – |
| PGDM in Business Management | 120 | ₹24 lakhs |
| PGDM online | – | ₹10 lakhs |
3. NMIMS School of Business Management, Mumbai
NMIMS School of Business Management is a leading private, AICTE-approved MBA college in Mumbai. The institute offers top MBA programs in various specializations, including business analytics, human resources, law, real estate management, etc. MBA college admission in the NMIMS School of Business Management is based on scores obtained in the NMAT.
- Courses Offered: MBA, PhD, etc.
- Admission: Admission is based on NMAT scores.
- Website: www.sbm.nmims.edu
- Address: V.L. Mehta Road, Vile Parle West, Mumbai 400056
NMIMS Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 600 | ₹25 lakhs |
| MBA in Business analytics | 120 | ₹22 lakhs |
| MBA in Pharmaceutical Management | 120 | ₹16 lakhs |
| MBA in Human Resources | 120 | ₹25 lakhs |
| MBA (Part-time) | – | ₹16 lakhs |
| MBA in Real Estate Management | 60 | ₹13 lakhs |
| MBA in Law | 30 | – |
| MBA in Digital Transformation | 60 | ₹22 lakhs |
| MBA in Healthcare Management | 60 | – |
4. KJ Somaiya Institute of Management, Mumbai
Recognized by UGC, KJ Somaiya Institute of Management is a top private MBA college in Mumbai, founded in 1981. The institute was ranked 63rd in the NIRF list of management institutes in 2024 and is accredited by AACSB. KJ Somaiya Institute has tie-ups with various foreign universities, including the University of San Diego, Saint Martin University, the University of Akron, etc. The institute is one of the top MBA colleges in Mumbai, offering an MBA with placement. Some of the companies visiting KJSIM include JP Morgan, ITC, Tata Capital, Deloitte, etc.
- Courses Offered: MBA, Executive MBA, PhD, and MCA.
- Admission: Admission is based on CAT, XAT, CMAT, NMAT, and GMAT exam scores.
- Website: https://kjsim.somaiya.edu/en
- Address: Vidyanagar, Vidya Vihar East, Ghatkopar East, Mumbai, Maharashtra 400077
KJ Somaya Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 600 | ₹21.34 lakhs |
| MBA in Sports Management | 30 | ₹13.48 lakhs |
| MCA | 60 | ₹8.25 lakhs |
| Executive MBA | 30 | ₹24.51 lakhs |
| MBA in Healthcare Management | 30 | ₹21.34 lakhs |
| MBA in Marketing Communications | 30 | – |
5. Welingkar Institute of Management Development and Research, Mumbai
Welingkar Institute of Management Development and Research is one of the top private MBA colleges in Mumbai. Established in 1977, the institute is one of the AICTE-approved MBA colleges in Mumbai. The institute is currently ranked 84th in the NIRF list of management institutes and offers management programs in full-time, part-time, and executive modes. The institute also offers a Distance MBA in Mumbai. Welingkar Institute offers top MBA programs in various specializations, and admission is based on scores in CAT, XAT, CMAT, ATMA, or GMAT.
- Courses Offered: MBA, MMS, and Executive MBA.
- Admission: Admission is based on CAT, XAT, CMAT, ATMA, or GMAT scores.
- Website: www.welingkar.org
- Address: Lakhamsi Napoo Road, Opposite Matunga Gymkhana, Matunga East, Mumbai, Maharashtra 400019
WIMDR Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| PGDM | 180 | ₹14 lakhs |
| MMS | 120 | ₹6.7 lakhs |
| PGDM in E-business | 120 | ₹14 lakhs |
| PGDM in Healthcare Management | 60 | ₹14 lakhs |
| PGDM in Media and Entertainment | 60 | ₹14 lakhs |
| PGDM in Retail Management | 60 | ₹14 lakhs |
| PGDM in Research and Business Analytics | 120 | ₹14 lakhs |
| PGDM in Business Design | 60 | ₹14 lakhs |
| PGDM in Rural Management | 60 | ₹14 lakhs |
| PGDM in Finance Management | – | ₹1.26 lakhs |
6. Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)
Established in 1965, JBIMS is a government MBA college in Mumbai offering a wide range of management programs. The institute is an AICTE-approved MBA college and is one of the oldest business schools in India. The institute was ranked 19th in the management category by IIRF in 2024. JBIMS is one of the low-fee MBA colleges in Mumbai with good ROI.
- Courses Offered: MMS and MSc.
- Admission: MAH-CET, CAT, and CMAT exam scores are used for admission.
- Website: www.jbims.edu
- Address: 164, Backbay Reclamation, H.T. Parekh Marg, Churchgate, Mumbai 400020
JBIMS Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MMS | 160 | ₹6.01 lakhs |
| MSc in Finance | 40 | – |
| MHRD | 30 | ₹7 lakhs |
7. Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai (SIMSREE)
Accredited by NAAC with an A grade, Sydenham Institute of Management Studies is one of the top government MBA colleges in Mumbai. SIMSREE was founded in 1983 and is one of the AICTE-approved MBA colleges in Mumbai. The institute offers MBA, MIM, MMS, and various certificate courses in full-time and part-time modes.
- Courses Offered: MMS, MMM, MFM, etc.
- Admission: Admission is through MAH‑CET, CAT, or CMAT.
- Website: www.simsree.org
- Address: B Road, Churchgate, Mumbai, Maharashtra, 400020
SIMSREEN Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA/PGDM | – | ₹51k |
| Executive MBA/PGDM | – | ₹51k |
| MIM | – | ₹1.53 lakhs |
| MMS | 180 | ₹69k |
8. Tata Institute of Social Sciences, Mumbai (TISS)
TISS, or Tata Institute of Social Sciences, is a government MBA college in Mumbai offering MBA, MA, BA, BSc, and various other courses. The institute, established in 1936, is accredited by NAAC with an A grade and is one of the AICTE-approved MBA colleges in Mumbai. The institute has tie-ups with various international universities, including the University of Chicago, the University of South Carolina, and Yeshiva University etc.
- Courses Offered: MBA, MMS, MA, BA, etc.
- Admission: Admission is based on the CAT score.
- Website: www.tiss.edu
- Address: Deonar Campus, Tata Institute of Social Sciences, Deonar, Mumbai 400088
TISS Mumbai Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA/PGDM | – | ₹3.5 lakhs |
| MMS | – | ₹80k |
9. SDA Bocconi Asia Center, Mumbai
SDA Bocconi is a private MBA college in Mumbai, founded in 2012. The institute was earlier known as MISB Bocconi and is accredited by various institutions, including AACSB, AMBA, and EQUIS. SDA Bocconi offers MBA and executive MBA programs, and admission is based on scores in CAT and NMAT.
- Courses Offered: MBA, Executive MBA, and certificate courses.
- Admission: Admission is based on scores in CAT and NMAT.
- Website: www.sdabocconiasiacenter.com
- Address: 9th Floor, Hiranandani Knowledge Park, Hiranandani Gardens, Powai, Mumbai 400076
SDA Bocconi Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA/PGDM | – | ₹20.75 lakhs |
| Executive MBA | – | ₹21 lakhs |
10. Shailesh J Mehta School of Management, Mumbai (SJMSoM)
Founded in 1995, SJMSoM is part of IIT Bombay and is the leading private MBA college in Mumbai. The institute offers MBA and executive MBA programs and has tie-ups with various foreign universities and companies, including the University of Connecticut, Kellogg Graduate School of Management, Video University, Hindustan Unilever Limited, L & T, ICICI Bank, etc.
- Courses Offered: MBA, Executive MBA, PhD, etc.
- Admission: Admission is based on the CAT score.
- Website: https://www.som.iitb.ac.in
- Address: Shailesh J. Mehta School of Management, IIT Bombay, Powai, Mumbai 400076
SJMSoM Programs And Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 152 | ₹2.69 lakhs |
| Executive MBA | – | ₹42 lakhs |
| B. Tech + MBA in Management | 20 | ₹20 lakhs |
Top MBA Colleges in Mumbai – Seat Intake
Below is the list of the total number of MBA seats offered by top MBA colleges in Mumbai.
| College Name | Total MBA Seats |
| IIM Mumbai | 540 |
| SPJIMR Mumbai | 240 |
| NMIMS SBM | 600 |
| KJ Somaiya Institute | 600 |
| Welingkar Institute | 180 |
| JBIMS Mumbai | 160 |
| SIMSREE Mumbai | 180 |
| TISS Mumbai | 60 |
| SDA Bocconi | 320 |
| SJMSoM Mumbai | 152 |
Top Government MBA Colleges in Mumbai – Seat Intake
Here is the list of top government MBA colleges in Mumbai, along with their total seat intake.
| College Name | Total MBA Seats |
| IIM Mumbai | 540 |
| JBIMS Mumbai | 160 |
| SIMSREE Mumbai | 180 |
| TISS Mumbai | 60 |
| SJMSoM Mumbai | 152 |
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Top Private MBA Colleges in Mumbai – Seat Intake
Here is a short list of some of the top private MBA colleges in Mumbai, along with the number of MBA seats offered.
| College Name | Total MBA Seats |
| SPJIMR Mumbai | 240 |
| NMIMS SBM | 600 |
| KJ Somaiya Institute | 600 |
| Welingkar Institute | 180 |
| SDA Bocconi | 320 |
Fees Comparison of Top MBA Colleges in Mumbai
| College | College Type | Total Fees |
| IIM Mumbai | Public | ₹14 lakhs |
| SPJIMR | Private | ₹24 lakhs |
| NMIMS SBM | Private | ₹25 lakhs |
| KJ Somaiya Institute | Private | ₹21.34 lakhs |
| Welingkar Institute | Private | ₹14 lakhs |
| JBIMS | Public | ₹6.01 lakhs |
| SIMSREE | Public | ₹51k |
| TISS Mumbai | Public | ₹3.5 lakhs |
| SDA Bocconi | Private | ₹20.75 lakhs |
| SJMSoM | Public | ₹2.69 lakhs |
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Comparison of Placement Packages of Top MBA Colleges in Mumbai
| College | Average Package (LPA) | Highest Package (LPA) |
| IIM Mumbai | ₹30.39L | ₹54L |
| SPJIMR | ₹32.10L | ₹89L |
| NMIMS SBM | ₹25.13L | ₹67.7L |
| KJ Somaiya Institute | ₹12.45L | ₹28.25L |
| Welingkar Institute | ₹12.04L | ₹40L |
| JBIMS | ₹29.35L | ₹87.12L |
| SIMSREE | ₹15.24L | ₹26.30L |
| TISS Mumbai | ₹28.2L | ₹49L |
| SDA Bocconi | ₹15.01L | ₹36.50L |
| SJMSoM | ₹25.82L | ₹53.80L |
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Frequently Asked Questions (FAQs)
1. What is the average fee for MBA colleges in Mumbai?
The average MBA fee in Mumbai ranges from ₹5 lakhs to ₹20 lakhs, depending on the institution.
2. What are the top MBA colleges in Mumbai based on placement?
Top MBA colleges in Mumbai with high placement records include IIM Mumbai, JBIMS, NMIMS, and SPJIMR.
3. Which is the best MBA college in Mumbai without CAT?
NMIMS, Welingkar Institute, and SDA Bocconi offer top MBA programs in Mumbai without requiring CAT scores.
4. What is the MBA admission process in Mumbai?
The MBA admission process in Mumbai typically includes entrance exams (CAT, MAH-CET, XAT, etc.), shortlisting, and interviews.
5. How can I finance my MBA in Mumbai?
Loans, scholarships, and EMI-based fee payment options provided by top MBA colleges in Mumbai are some of the ways to finance your MBA.
6. Are there AICTE-approved MBA colleges in Mumbai?
Yes, many MBA colleges like Welingkar, KJ Somaiya, and TISS are AICTE-approved in Mumbai.
7. What is the CAT cutoff for top MBA colleges in Mumbai?
The CAT cutoff ranges from 95-99th percentile for top colleges like IIM Mumbai and JBIMS.
8. Which are the top MBA programs offered in Mumbai?
Top MBA programs include finance, marketing, HR, operations, business analytics, and entrepreneurship.
9. Which colleges offer a Distance MBA in Mumbai?
Institutes like NMIMS Global Access, Welingkar, and IGNOU offer distance MBA options in Mumbai.
10. Which are the best private MBA colleges in Mumbai?
Top private MBA colleges in Mumbai include NMIMS, SPJIMR, SDA Bocconi, and Welingkar.
Conclusion
Choosing the right college for an MBA is one of the most important decisions, and the city of Mumbai offers a lot of options. Government MBA colleges in Mumbai and private MBA colleges in Mumbai are known for their quality education, infrastructure, and placement opportunities. Most of the MBA colleges in Mumbai are AICTE-approved MBA colleges offering top MBA programs. The above list includes some of the top-ranked government and private MBA colleges in Mumbai. Choose wisely based on your career goals, exam scores, budget, and preferred specialization.
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