NIRF Ranking Top MBA Colleges in Mumbai: Ranking, Fees, Admissions 2026, Courses, Placements
Mumbai, known as the financial capital of India, is home to some of the top-ranked MBA colleges that attract students from across the country. Institutes like SPJIMR, NMIMS, SJMSOM-IIT Bombay, and NITIE (now IIM Mumbai) are globally recognized for their academic excellence, strong industry exposure, and outstanding placements.
If you’re planning to pursue an MBA in Mumbai in 2026, this guide will help you explore everything about rankings, fees, admissions, placements, and more.
📑 Table of Contents
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Top MBA Colleges in Mumbai: Highlights 2026
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Top MBA Colleges in Mumbai with NIRF Ranking 2026
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Top MBA Colleges in Mumbai: Outlook Ranking 2026
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Top MBA Colleges in Mumbai: Times Ranking 2026
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Top MBA Colleges in Mumbai: Admissions 2026
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Top MBA Colleges in Mumbai: Exam Schedule 2026
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Entrance Exams Accepted at the Top MBA Colleges in Mumbai
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Top MBA Colleges in Mumbai Accepting CAT Scores
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Top MBA Colleges in Mumbai: Fees, Seat Intake, Eligibility, Entrance Exams
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Region-wise Top MBA Colleges in Mumbai
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Top MBA Colleges in Mumbai: Admission and Fees
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Top MBA Colleges in Mumbai: Courses and Fees
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Top MBA Colleges in Mumbai: Fees Vs Salary
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Top MBA Colleges in Mumbai: Placements and Top Recruiters
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Low-cost Top MBA Colleges in Mumbai
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Best Top MBA Colleges in Mumbai – Top Specialisations
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Top MBA Colleges in Mumbai Cutoff 2026
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Top MBA Colleges in Mumbai Scholarship 2026
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Top MBA Colleges in Mumbai Comparison 2026
⭐ Top MBA Colleges in Mumbai: Highlights 2026
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Popular Colleges: IIM Mumbai (NITIE), SPJIMR, NMIMS, SJMSOM-IIT Bombay, K J Somaiya
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Exams Accepted: CAT, XAT, NMAT, CMAT, MAH MBA CET
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Average Fees: ₹2 Lakhs – ₹25 Lakhs
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Average Placement Package: ₹7 LPA – ₹30 LPA
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Top Recruiters: Deloitte, Accenture, HUL, ICICI, Infosys, Amazon
📊 Top MBA Colleges in Mumbai with NIRF Ranking 2026
According to NIRF 2026, here are the top MBA colleges in Mumbai:
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IIM Mumbai (formerly NITIE) – Ranked among top 10 B-schools in India
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SPJIMR (S. P. Jain Institute of Management & Research) – Consistently top 20
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SJMSOM, IIT Bombay – Among top 20 management institutes
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NMIMS (Narsee Monjee Institute of Management Studies) – Ranked among top 25
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K J Somaiya Institute of Management – NIRF Top 50
📰 Top MBA Colleges in Mumbai: Outlook & Times Ranking 2026
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SPJIMR Mumbai and NMIMS consistently feature in the top 10–20 institutes in Outlook Rankings.
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Times B-School Ranking 2026 highlights K J Somaiya and Welingkar Institute (WeSchool) as top private B-schools.
🎓 Top MBA Colleges in Mumbai: Admissions 2026
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Mode of Admission: Online applications through official college websites.
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Selection Process: Entrance Exam → Shortlisting → Group Discussion → Personal Interview.
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Exams: CAT, NMAT, XAT, CMAT, MAH CET.
📅 Top MBA Colleges in Mumbai: Exam Schedule 2026
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CAT 2025 – November 2025
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XAT 2026 – January 2026
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NMAT 2025 – October–December 2025
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CMAT 2026 – February/March 2026
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MAH MBA CET 2026 – March 2026
🏫 Top MBA Colleges in Mumbai Accepting CAT Scores
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IIM Mumbai (NITIE)
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SJMSOM, IIT Bombay
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SPJIMR Mumbai
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K J Somaiya Institute of Management
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Welingkar Institute of Management
💰 Top MBA Colleges in Mumbai: Fees, Seat Intake, Eligibility
| College | Fees (Approx) | Seats | Entrance Exam | Eligibility |
|---|---|---|---|---|
| IIM Mumbai | ₹14 Lakhs | 300+ | CAT | Graduation 50% |
| SPJIMR | ₹20–22 Lakhs | 276 | CAT/XAT/GMAT | Graduation 50% |
| NMIMS | ₹20–25 Lakhs | 600+ | NMAT | Graduation 50% |
| SJMSOM (IIT Bombay) | ₹10 Lakhs | 120 | CAT | Graduation 60% |
| K J Somaiya | ₹8–10 Lakhs | 600 | CAT/XAT/CMAT | Graduation 50% |
📈 Top MBA Colleges in Mumbai: Fees Vs Salary
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SPJIMR – Fees ₹20 L | Avg. Package ₹28–30 LPA
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IIM Mumbai – Fees ₹14 L | Avg. Package ₹25 LPA
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NMIMS – Fees ₹22 L | Avg. Package ₹20 LPA
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SJMSOM, IIT Bombay – Fees ₹10 L | Avg. Package ₹23 LPA
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K J Somaiya – Fees ₹9 L | Avg. Package ₹12 LPA
👔 Placements & Recruiters in Mumbai
Top recruiters include:
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Consulting: Deloitte, PwC, EY, KPMG
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Finance & Banking: ICICI, HDFC, Axis Bank, Citi, JP Morgan
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Tech & IT: TCS, Infosys, Accenture, Capgemini
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E-commerce & FMCG: Amazon, Flipkart, HUL, P&G
🎯 Low-cost MBA Colleges in Mumbai
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Sydenham Institute of Management (SIMSREE) – Fees ₹1.5 L | Avg. Package ₹10 LPA
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MET Institute of Management – Fees ₹4 L | Avg. Package ₹6 LPA
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Welingkar Institute (WeSchool) – Fees ₹8.5 L | Avg. Package ₹9 LPA
🏆 Best Specialisations in Mumbai MBA Colleges
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Marketing
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Finance
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Human Resources
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Operations & Supply Chain
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Business Analytics
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Entrepreneurship
🔑 Cutoff for Top MBA Colleges in Mumbai (2026)
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SPJIMR Mumbai (CAT/XAT) – 98+ percentile
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IIM Mumbai (CAT) – 97+ percentile
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NMIMS Mumbai (NMAT) – 220+ score
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SJMSOM, IIT Bombay (CAT) – 95+ percentile
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K J Somaiya (CAT/XAT/CMAT) – 85+ percentile
🎓 Scholarships for MBA in Mumbai (2026)
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Merit-based scholarships at SPJIMR, NMIMS, IIT Bombay.
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Government scholarships for SC/ST/OBC/EWS candidates.
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Corporate-sponsored scholarships for top performers.
🔍 Comparison of Top MBA Colleges in Mumbai (2026)
| College | Fees | Avg. Placement | Entrance Exam | NIRF Rank |
|---|---|---|---|---|
| SPJIMR | ₹22 L | ₹28–30 LPA | CAT/XAT | Top 20 |
| IIM Mumbai | ₹14 L | ₹25 LPA | CAT | Top 10 |
| NMIMS | ₹22 L | ₹20 LPA | NMAT | Top 25 |
| SJMSOM IIT Bombay | ₹10 L | ₹23 LPA | CAT | Top 20 |
| K J Somaiya | ₹9 L | ₹12 LPA | CAT/CMAT | Top 50 |
✅ Final Note: Mumbai offers a mix of high ROI government colleges (like SIMSREE) and premium private B-schools (like SPJIMR, NMIMS). Students should select based on their career goals, budget, and exam preference.