Top MBA colleges in Mumbai provide MBA and PGDM (Postgraduate Diploma in Management) programs via online, offline, and distance learning modes. Mumbai, also known as the “City of Dreams” or the “Finance Capital of India,” is home to over 260 of India’s top MBA colleges.

AICTE has approved approximately 57 MBA colleges in Mumbai, while UGC has approved 17. The best MBA college in Mumbai provides MBA programs with a variety of specializations such as finance and marketing, supply chain management, and urban planning.

Mumbai has 262 MBA colleges, 106 of which are private and 11 of which are government-run.
National Institute of Industrial Engineering, Mumbai; Indian Institute of Technology – [IIT] Bombay; and S. According to NIRF Ranking 2021, P. Jain Institute of Management & Research is ranked 10, 12, and 19 in that order.
Some of the top MBA schools in Mumbai include Shailesh J. Mehta School of Management (SJMSOM), SPJIMR, IIT Bombay, and SBM NMIMS.
Most MBA applicants to the Best MBA in Mumbai Colleges are selected via the CAT entrance exam. The scores from other management entrance exams, such as the MAT, XAT, NMAT, CMAT, ATMA, MAH CET, and even the GMAT and GRE, are also accepted by many colleges.
Some of the Best Hotel Management Colleges in Mumbai include IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies – [BVCHTMS] Navi Mumbai, and ITM Institute of Hotel Management – [ITM-IHM] Mumbai.
According to the colleges, the average annual tuition for MBA/PGDM programs at the top MBA colleges in Mumbai can range from INR 50,000 to 30 Lakhs.
K. C. College of Management Studies – [KCCMS] Mumbai, ISMS Mumbai, Mumbai University, and KJSCCETR Mumbai are a few of the top MBA colleges in Mumbai with costs under INR 60,000.
The best MBA colleges in India provide lucrative placement opportunities with high pay packages and a high return on investment. The average CTC ranges from INR 18-30 LPA.
Accenture, Amazon, Axis Bank, HCL, HDFC, and other top-tier companies participate in placement drives hosted by Mumbai’s top MBA colleges.
The best colleges in Mumbai for MBA in Finance are SJMSOM Mumbai, SPJIMR Mumbai, and SBM NMIMS Mumbai, which are all ranked among the top 10 MBA colleges in Mumbai.

Top 10 MBA Colleges in Mumbai

The top MBA colleges in Mumbai are listed below, along with their fees.

College Name	Average Fees(INR)
SPJIMR, Mumbai	17,50,000
NMIMS, Mumbai	19,76,000
NITIE Mumbai	12,53,000
JBIMS Mumbai	6,00,000
K J Somaiya Institute of Management, Mumbai	14,94,000
SIES, Mumbai	7,20,000
SIMSREE, Mumbai	1,46,000
IESMCRC, Mumbai	6,00,000
Chetana’s Institute of Management and Research	6,60,000
SDA Bocconi Asia Center, Mumbai	18,60,000

Ranking of the Best MBA Colleges in Mumbai

Every year, various agencies publish rankings of India’s top colleges. These organizations publish various lists, such as the Top MBA Colleges in India and the Top MTech Colleges in India. These lists are also released for various cities and states in India based on various parameters such as Perception of the College, Placements, Teacher-Student Ratio, and so on.

NIRF, India Today, Economic Times, and other leading Indian publications publish such lists. The top MBA colleges in Mumbai with fees are listed below.

Top MBA Colleges in Mumbai: NIRF Ranking 2022

The Ministry of Education, Government of India, manages the NIRF (National Institutional Ranking Framework), India’s premier ranking agency. It publishes rankings for various colleges in India, divided into eight categories.

NIRF ranking 2022 has named the National Institute of Industrial Engineering the best MBA college in Mumbai. The institute was ranked ninth in India by a national ranking agency in 2022.

NIRF also ranks Shailesh J. Mehta School of Management-IIT Bombay SP Jain, NITIE, Narsee Monjee, and KJ Somaiya as colleges in Mumbai.

NIRF Ranking 2022	College Name	NIRF Score
9	National Institute of Industrial Engineering	68.84
11	Shailesh J. Mehta School of Management, IIT Bombay	66.24
21	SPJIMR – S.P. Jain Institute of Management and Research	59.51
25	Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai	58.14
68	Welingkar Institute of Management	46.76
71	K J Somaiya Institute of Management	46.31
102 – 125	Amity University, Mumbai	–

Best/Top MBA colleges in Mumbai Cutoff

Various criteria, such as entrance exams and merit lists, are used by different colleges to admit students. The majority of colleges in Mumbai also offer admission based on CAT and CMAT scores in addition to MAT scores. Some of the top MBA schools in Mumbai are listed below, along with their entrance requirements.

Top MBA Colleges in Mumbai	MBA Cutoff
SJMSOM IIT Bombay	90 (CAT)
SP Jain (SPJIMR)	92 (CAT)
Narsee Monjee (NMIMS)	209 (NMAT)
KJ Somaiya	86 (CAT)
Welingkar (WeSchool) Mumbai	80 (CAT)
NITIE Mumbai	90 (CAT)
SIMSREE Mumbai	144 (MAHCET)

Top MBA Colleges in Mumbai, Organized by Entrance Exam

The CAT, XAT, NMAT, MAT, SNAP, GMAT, CMAT, MAHCET, ATMA, and IBSAT are just a few of the management entrance exams that the top MBA colleges in Mumbai accept applicants through.

Top MBA Colleges in Mumbai Through CAT

In India, the most well-liked management entrance exam is the Common Admission Test or CAT.

More than 2 lakh students take the CAT each year. 2.44 lakh people applied to take the CAT exam on November 24 of this year.
The majority of Mumbai’s top MBA schools admit students based on their CAT scores.
For their specialized management programs, many technology institutes, including IITs, also take the CAT score into consideration.

The top MBA colleges in Mumbai that accept the CAT score are listed below:

Shailesh J. Mehta School of Management, IIT Bombay
National Institute of Industrial Engineering-NITIE
SP Jain Institute of Management and Research-SPJIMR
Amity Global Business School

41 of the top MBA schools in Mumbai currently accept the CAT score. A few of these institutions also accept results from various management entrance exams.

Best MBA Schools in Mumbai That Accept MAT

The following table chart lists some of the top MBA colleges in Mumbai that accept MAT scores along with their typical annual tuition.

Name of the College	Average Annual Fees
IES’s Management College and Research Centre – [IES MCRC], Mumbai	INR 4,00,000
Atharva Institute of Management Studies – [AIMS], Mumbai	INR 4,10,000
Amity University, Mumbai	INR 5,00,000
ISME School of Management & Entrepreneurship – [ISME], Mumbai	INR 10,45,000
Kohinoor Business School – [KBS], Mumbai	INR 3,06,250
BSE Institute Limited – [BIL], Mumbai	INR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], Mumbai	INR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai	INR 4,50,000
Tata Institute of Social Sciences – [TISS], Mumbai	INR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai	INR 14,000

Top Mba Colleges in Mumbai That Accept CMAT

In addition to CAT and GMAT scores, top MBA colleges in Mumbai also accept CMAT scores for MBA course admission. The top 10 MBA schools in Mumbai that accept CMAT scores are listed below:

Name of the College	Average Annual Fees
Jankidevi Bajaj Institute of Management Studies – [JDBIMS], Mumbai	–
Rustomjee Business School – [RBS], Mumbai	INR 1,75,000
Prin. L. N. Welingkar Institute of Management Development & Research – [WeSchool], Mumbai	INR 81,000
Tata Institute of Social Sciences – [TISS], Mumbai	INR 1,00,000
Thadomal Shahani Centre For Management – [TSCFM], Mumbai	INR 14,000
K J Somaiya Institute of Management, Mumbai	INR 8,17,290
BSE Institute Limited – [BIL], Mumbai	INR 5,60,000
N. L. Dalmia Institute of Management Studies and Research – [NLDIMSR], Mumbai	INR 5,75,000
SIES School of Business Studies – [SIES SBS], Mumbai	INR 4,50,000
Athena School of Management, Mumbai	INR 6,75,000

Top MBA Colleges in Mumbai That Accept CET

The Maharashtra Common Entrance Test, also known as MAH CET, is a common entrance exam for MBA admissions at top Maharashtra colleges.

The exam is conducted by the Directorate of Technical Education (DTE), Maharashtra.
The MAH CET syllabus includes questions on reading comprehension, verbal ability, abstract reasoning (25 questions), quantitative aptitude (50 questions), and logical reasoning (75 questions) (50 questions).
More than 330 public and private top MBA colleges in Maharashtra, as well as 39 colleges in Mumbai, accept its score.
The majority of prestigious MBA programs publish CET cut-offs, which are typically 98.
The MAH CET 2020 registration period is anticipated to run from January 14 through February 18, 2020.

The list of top MBA colleges in Mumbai that accept CET is provided below.

Prin. L.N. Welingkar Institute of Management Development and Research-We School
Lala Lajpat Rai Institute of Management-LLIM
Xavier Institute of Management and Research-XIMR

Candidates who make the merit list are eligible to participate in the counseling procedures of various management colleges. MAH CET results are valid for one year, and the application fee for General category students is INR 1,000.