Best MBA Colleges in Mumbai (All): Fees, Ranking, Admission 2025, Courses, Placements
Mumbai, India’s financial capital, is home to some of the top MBA colleges in India, offering world-class education, excellent placements, and diverse specializations. With more than 180 MBA colleges, including 130+ private, 9 government, and multiple distance/online options, Mumbai continues to attract aspirants from across the country.
This guide will cover NIRF rankings, admission details, fee structures, placements, top recruiters, and specializations for 2025.
📌 Overview
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No. of MBA Colleges in Mumbai: 180+
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Ownership: 130+ Private | 9 Government | Semi-Government & Distance/Online options available
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Top Exams Accepted: MAH CET, CAT, CMAT, MAT, XAT, ATMA, NMAT
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Top Colleges: IIM Mumbai, SPJIMR, NMIMS, K J Somaiya, Welingkar, IIT Bombay (SJMSOM)
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Specializations: Finance, Marketing, HR, Operations, IT & Analytics
🏆 Best MBA Colleges in Mumbai (All): NIRF Ranking 2025
| College Name | NIRF 2023 | NIRF 2024 | NIRF 2025 |
|---|---|---|---|
| IIM Mumbai | 7 | 6 | 6 |
| IIT Bombay – SJMSOM | 10 | 10 | 14 |
| SPJIMR Mumbai | 20 | 20 | 20 |
| NMIMS SBM | 21 | 21 | 24 |
| K J Somaiya Institute of Management | 45 | 63 | 65 |
| Welingkar Institute (WeSchool) | 73 | 84 | 75 |
✅ Disclaimer: Rankings as per official NIRF reports
📚 Admissions 2025
Eligibility:
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Graduation (any stream) with minimum 45-50% aggregate.
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Final-year students eligible.
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Valid score in CAT, MAH CET, NMAT, XAT, CMAT, ATMA.
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Shortlisting based on entrance exam score + GD/PI.
📅 Exam Schedule 2025
| Exam | Date | Mode |
|---|---|---|
| CAT 2025 | 30 Nov 2025 | Online |
| MAH CET 2026 | April 2026 (Tentative) | Online |
| MAT 2025 | 21 Sep (PBT), 28 Sep (CBT) | Online/Offline |
| XAT 2026 | 4 Jan 2026 | Online |
| NMAT 2025 | 5 Nov – 19 Dec 2025 | Online |
| ATMA 2025 | Dec 2025 | Online |
🎓 Best Private MBA Colleges in Mumbai: Admission & Fees
| College Name | Average Fees | Entrance Exam |
|---|---|---|
| SPJIMR | ₹14.5L – ₹24L | CAT, GMAT |
| NMIMS SBM | ₹10L – ₹25L | NMAT, MAH CET |
| K J Somaiya | ₹13L – ₹21L | CAT, XAT, MAT, NMAT |
| Welingkar (WeSchool) | ₹94K – ₹14L | CAT, XAT, CMAT, ATMA |
| ITM Navi Mumbai | ₹12L | MAT, XAT, CAT, NMAT |
🏛️ Best Government MBA Colleges in Mumbai
| College Name | Fees | Entrance Exam |
|---|---|---|
| IIM Mumbai | ₹14L | CAT |
| IIT Bombay (SJMSOM) | ₹2.6L – ₹20L | CAT, JEE |
| Sasmira’s Institute of Management | ₹4.3L | CAT, XAT, MAT, MAH CET |
| BSE Institute Ltd. | ₹2.1L – ₹7.2L | CAT, MAT, SNAP |
💻 Distance & Online MBA Colleges in Mumbai
| College Name | Mode | Fees |
|---|---|---|
| Mumbai University (IDOL) | Distance | ₹21K – ₹1.3L |
| IIBMS | Distance | ₹40K – ₹50K |
| S.P. Jain (Online) | Online | ₹10L |
| UPES Online | Online | ₹1.7L – ₹2.2L |
💸 Fees vs Salary (ROI) – Top Mumbai MBA Colleges
| College | Fees | Avg. Placement Salary |
|---|---|---|
| SPJIMR | ₹15L – ₹24L | ₹23L – ₹31L |
| SJMSOM – IIT Bombay | ₹2.6L – ₹20L | ₹26.6L |
| BITS SoM | ₹24.5L | ₹23L |
| NMIMS SBM | ₹13L – ₹25L | ₹21L |
| SIESCOMS | ₹5L – ₹7L | ₹8L |
💼 Placements & Top Recruiters
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Top Recruiters: McKinsey, BCG, HUL, Deloitte, Goldman Sachs, Accenture, ITC, Infosys, TCS, Google.
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Highest Packages: ₹31 LPA (SPJIMR), ₹26.6 LPA (SJMSOM), ₹23 LPA (BITS SoM).
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Average Salary Range: ₹5 LPA – ₹26 LPA.
🏅 Low-cost MBA Colleges in Mumbai
| College Name | Fees |
|---|---|
| Welingkar Mumbai | ₹94,000 |
| IIMM | ₹81,000 |
| JDBIMS | ₹1.7L – ₹4.7L |
| NAEMD | ₹1.8L |
📌 Popular Specialisations in Mumbai MBA Colleges
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Finance (70+ colleges)
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Marketing & Sales (70+ colleges)
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HR (60+ colleges)
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Operations (40+ colleges)
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IT & Systems (30+ colleges)
🎯 Scholarships 2025
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IIM Mumbai Scholarships (Merit & Need-based)
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SPJIMR Scholarships (Merit, Diversity, Alumni)
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NMIMS Scholarships (Merit-based)
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K J Somaiya Scholarships
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Welingkar Scholarships
📊 Conclusion
Mumbai offers a dynamic ecosystem for MBA aspirants, with options ranging from top-tier B-schools like IIM Mumbai, SPJIMR, and NMIMS to affordable colleges with high ROI. Students should choose based on career goals, budget, and specialization preference.
👉 For personalised guidance, try our MBA College Predictor Tools (CAT, MAH CET, NMAT, XAT, MAT).