MBA Colleges

Top 10 MBA Colleges In Mumbai – Rank, Course Fee & Admission

MBA Colleges In Mumbai

Whether you live in Mumbai or any other Indian city, choose an MBA colleges in Mumbai for diverse expertise and industry experience. For MBA graduates, Mumbai’s vibrant business landscape offers abundant employment opportunities.

In the competitive job environment of this digital age, an MBA (Master of Business Administration) is often seen as the key to many employment options and professional success. 

Mumbai, known as the financial hub of India, is home to many prestigious universities that offer excellent MBA programs. From Jamnalal Bajaj Institute of Management Studies to SP Jain Institute of Management and Research, Mumbai is home to over 150 top MBA colleges, giving you the chance to be fully immersed in a diverse range of opportunities and cultures. If you’re considering MBA colleges outside Mumbai, explore top colleges in Delhi for MBA.

These colleges are renowned for their academic talent and offer a wide range of expertise, industry partnerships, and excellent faculty. This guide explores the best MBA colleges in Mumbai that guarantee practical learning experience and well-paid job placements.

Specializations in Mumbai MBA Marketing Courses

One of the most popular specializations after graduation is the MBA Marketing program. Mumbai is the commercial hub of India which offers a lot of opportunities to marketing lovers. MBA marketing courses in Mumbai usually include subjects like market research, digital marketing, brand management, and consumer behavior. Students can study brand management, developing their ability to create and improve brand identity.

Digital marketing specialization also provides people with proficiency in social media marketing, analytics, and online methods. The complexities of the retail industry, from merchandising to consumer behavior analysis, are the subject of retail management. MBA programs in Mumbai often offer specific advertising tracks that give students the knowledge to develop successful campaigns for a range of media.

Graduates of MBA programs with a marketing concentration are prepared to work in the fast-paced fields of sales, marketing research, and advertising. These programs provide highly transferable and in-demand skills across a wide range of industries.

Eligibility Criteria for MBA Admission in Mumbai

Requirements for MBA programs in Mumbai may vary across colleges.  However, the following are the basic requirements for MBA admission into the best MBA program in Mumbai:

  • A prerequisite for admission to the MBA program (full-time) in Mumbai is a bachelor’s degree in any discipline or its equivalent from a recognized university.
  • Most institutions follow graduation requirements that require an average score of 50% or higher.  The minimum aggregate score required for reserved category students is 45 percent.
  • Candidates who are in the final year of graduation can also enroll for the MBA program, provided they can provide documentation that they have completed their degree within the allotted time frame.
  • MBA In General Management.
  • MBA In Finance.
  • MBA In Human Resource Management.
  • MBA In International Management.
  • MBA In Marketing.
  • MBA In International Business.
  • MBA In Entrepreneurship.
  • MBA In Operations Management.

List of Top 10 Best MBA Colleges In Mumbai 

1. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Jamnalal Bajaj Institute of Management Studies (JBIMS)
Jamnalal Bajaj Institute of Management Studies (JBIMS)
  • Type: Public
  • Established: 1965
  • Approved by: AICTE
  • Rank: 19th under best government business schools category by IIRF 2024
  • MNS 6 Courses Tuition Fees: 6 lakh to 7 lakh 
  • Admissions: May session ATMA exam will be conducted on May 11, 2024

Mumbai’s renowned business school, Jamnalal Bajaj Institute of Management Studies (JBIMS) was established in 1965.  

It is one of the best MBA colleges in Mumbai, having earned the nickname “CEO Factory” due to its strong alumni network and successful industry placements. Offering a demanding curriculum with specializations in finance, marketing, operations, human resources, and digital business, the institute is the program’s flagship offering.

JBIMS creates a dynamic learning environment with a mix of permanent and visiting faculty members using case studies, industrial seminars, and relevant training. One important difference is the cost, as the fees of this top B-school are lower than others. JBIMS, renowned for its integrated teaching methods and research focus, is among the top 10 MBA programs in India and attracts ambitious students looking for a game-changing management education.

2. SVKM’S NMIMS Mumbai

  • Type: Private Deemed University 
  • Established: 1981
  • Accredited by: NBA, ABET, AACSB, A+ Grade by NAAC
  • Rank: 21st in management category by NIRF 2023 Ranking 
  • MBA/PGDM 42 Courses Tuition Fees: 3.3 lakh  to 44 lakh 
  • Admissions: NPAT exam 2024 registration deadline May 20, 2024

Established in 1981, SVKM’s NMIMS Mumbai is a reputed private institute. Its vast campus houses 17 different schools, including the renowned School of Business Management (SBM) and cutting-edge programs in law, engineering and pharmacy. NMIMS Mumbai, which has a reputation for academic brilliance, offers innovative programs, state-of-the-art facilities, and an active student body.

Its proximity to international airports and industry hubs attracts excellent academics and students, fostering a dynamic learning environment. NMIMS Mumbai, renowned for its industrial partnerships and research focus, prepares graduates for successful careers in a variety of fields.

3. SP Jain (SPJIMR)

  • Type: Private Business School 
  • Established: 1981
  • Accredited by: Association of MBAs (AMBA), UK, NBA, and AACSB International
  • Rank: 121-130 by the QS World University Rankings – Masters In Management category 2024
  • MBA/PGDM 5 Courses Tuition Fees: 9.5 lakh to 22.1 lakh
  • Admission: XAT results 2024 have been announced for MBA admission

Mumbai’s top-ranked SP Jain Institute of Management and Research (SPJIMR) is another best MBA college in Mumbai renowned for using an “out of the box” approach. Along with industry connections and intellectual leadership, it emphasizes social awareness, student focus and practice-oriented education.

Listed as the best business school in India by the Financial Times Global Ranking and ranked in the top 5 by Business Today, SPJIMR is renowned for its innovative pedagogy, which integrates activities outside the classroom and takes students beyond their comfort zone. 

Through initiatives such as the flagship PGDM and 18-month PGPM for career-focused professionals, SPJIMR seeks to develop accountable leaders who promote value-based progress for the society.

4. DY Patil School of Management, Navy Mumbai 

DY Patil School of Management, Navy Mumbai
DY Patil School of Management, Navy Mumbai
  • Type: Private Business School 
  • Established: 2002
  • Recognised by: AICTE, UGC
  • Rank: 97th in India’s top business schools by B W Business World
  • MBA/PGDM 22 Courses Tuition Fees: 10 lakh to 12.6 lakh
  • Admission: 2023-24 admissions are open

DY Patil University School of Management, Navy Mumbai, established in 2002, has a solid reputation for providing transformative management education. The institute, renowned for the experience of its faculty and creative teaching strategies, offers undergraduate and graduate courses, including a prestigious MBA program offered in collaboration with Harvard Business Institute Online. 

Students at this school enjoy the benefits of state-of-the-art facilities, intelligent learning environment and practical learning, as evidenced by their remarkable 100% placement rate. As one of the top MBA colleges in Navi Mumbai, the institute takes pride in its dedication towards both academic performance and holistic development.

5. Vidyalankar School of Business (VSB)

Vidyalankar School of Business (VSB)
Vidyalankar School of Business (VSB)
  • Type: Private Business School 
  • Established: 2019
  • Accredited by: AIMA
  • MBA/PGDM 2 Courses Tuition Fees: 6.5 lakh
  • Admissions: 2024 admission is open 

VSB was established in 2019 and provides management education with a focus on the needs of the students. As part of the All India Management Association (AIMA), VSB offers industry-focused courses like PGDM and Executive PGDM as well as specialized certificate programs in marketing, finance, human resources, and other areas. These programs prepare aspiring professionals with real-world skills. 

Through case studies, projects, and guest lectures, this MBA college in Mumbai emphasizes real-world application, which immerses students in a dynamic learning environment and prepares them for a variety of occupations in many fields.  By providing personalized instruction and solid industry connections, VSB hopes to prepare the next generation of business leaders.

6. WE Mumbai

  • Type: Private Business School 
  • Established: 1977
  • Accreditated by: NBA
  • Rank: 73rd by NIRF Ranking 2023 in management
  • MBA/PGDM 27 Courses Tuition Fees: 94.4 thousand to 14 lakh 
  • Admissions: May session ATMA exam will be conducted on May 11, 2024

Welingkar Institute of Management Development and Research (WeSchool), a renowned business school in Mumbai. It was established in 1977 and offers a wide variety of full-time, part-time, executive and distance learning PGDM, MMS, PhD and certificate programs.  AICTE-approved and NBA-accredited, the institute has a solid track record of industry relationships and placements.  

The MBA college in Mumbai, which combines sustainability principles with industry interactions, case studies, and guest lectures, is based in Matunga and has a second campus in Bengaluru. It emphasizes practical learning. WE Mumbai serves students looking for a comprehensive management education in the heart of the financial capital of India, ranked 73rd among the Best Indian Management Colleges by NIRF 2023.

7. KJ Somaiya Institute of Management (KJSIM)

KJ Somaiya Institute of Management (KJSIM)
KJ Somaiya Institute of Management (KJSIM)
  • Type: Private Business School 
  • Established: 1981
  • Accredited by: AACSB
  • Rank: 45th by NIRF Ranking 2023 under the management category
  • MBA/PGDM 3 Courses Tuition Fees: 17.3 lakh 
  • Admissions: MBA Executive applications are open till Mar 31, 2024.

KJ Somaiya Institute of Management is a prestigious MBA college in Mumbai established in 1981. It is famous for its modern outlook and strong cultural values. The business college provides cutting-edge management education by combining classroom instruction with industry engagement and real-world initiatives.  

With a variety of specializations and major and minor options, the institute’s flagship MBA program offers students flexibility and choice. KJSIM often ranks among the best B-schools in India, attracting over 300 recruiters and excellent placement outcomes for its 1800+ students. 

8. IIM Mumbai

IIM Mumbai
IIM Mumbai
  • Type: Public Business School 
  • Established: 1963
  • Accreditation by: NIRF
  • Rank: 7th by NIRF Ranking 2023 under the management category 
  • MBA/PGDM 3 Courses Tuition Fees: 14 lakh 
  • Admissions: Online application 2024 for MBA program is open

IIM Mumbai has a long history of being one of the leading business schools in India. It offers a range of programs including an Executive PhD, MBA, and specific options for operations, sustainability and finance. The Mumbai MBA Institute, renowned for its strong academic programs, industry relationships and research capabilities, attracts top-tier students and offers exceptional placements.

The MBA college in Mumbai is committed to producing qualified professionals, offering a dynamic academic environment, top-notch facilities, and a strong alumni network. With an emphasis on innovation and leadership development, the 2-year MBA program equips graduates with the skills needed to succeed in a fast-paced business environment.

9. SJMSOM IIT Bombay

  • Type: Public 
  • Established: 1995
  • Accredited by: AMBA
  • Rank: 10th by NIRF Ranking 2023 under the management category 
  • MBA/PGDM 2 Courses Tuition Fees: 8 lakh to 20 lakh 
  • Admissions: MBA admissions 2024-26 interviews will be held from Mar 7 to Mar 10, 2024

SJMSOM IIT Bombay offers a rigorous 2-year full-time MBA program designed to equip aspiring leaders with an integrated understanding of business functions. It explores fundamental topics, such as operations, marketing and finance and offers a July intake. Specialization in systems management or entrepreneurship is also possible.  

Emphasizing innovation and leadership, the curriculum of this MBA college in Mumbai creates a vibrant learning environment that prepares graduates for a range of occupations in the international market. If you are looking for an intensive and life-changing MBA experience, the MBA program at IIT Bombay is undoubtedly something you should think about.

10. CII School of Logistics, Amity University, Mumbai

  • Type: Private Institution 
  • Established: 2018
  • Approved by: AICTE, UGC
  • Rank: 7th amongst all business schools by the corporate world by Business Today.
  • MBA/PGDM 2 Courses Tuition Fees: 8.6 lakh to 17.2 lakh
  • Admissions: 2024 MBA admission is open

CII School of Logistics, Amity University, Mumbai offers a holistic MBA program in Supply Chain Management and Logistics.  The program, which is renowned for its industry-focused curriculum, provides students with the tools needed to successfully deal with the challenges posed by international supply chains. 

In this MBA program, students gain insight into supply chain optimization, logistics strategy, and transportation management through a combination of theoretical knowledge and practical experience.

The faculty of this MBA college in Mumbai is composed of academicians and experienced professionals who provide a stimulating learning environment. The curriculum also emphasizes practical projects, internships and industry participation to guarantee that students are adequately equipped to meet the demands of the logistics business.

Tips for Prospective MBA Students in Mumbai

  • To avoid missing the deadline, start the application process well in advance.
  • Do plenty of research and choose the specialization that best suits your professional objectives.
  • Engage in active networking with faculty, alumni, and other students.
  • Attend industry events and internships to gain real-world experience.
  • Keep track of advancements and trends in the industry.


1. What are the eligibility criteria for MBA admission in Mumbai?

Most of the MBA colleges in Mumbai require a bachelor’s degree, often minimum marks of 50-60% and valid entrance exam scores like CAT, XAT, CMAT etc.  Work experience may be preferred or mandatory for some MBA programs. So, you should check specific college websites for specific requirements.

2. What is the average fee for an MBA in Mumbai?

MBA fees in Mumbai vary depending on the college, program, and duration. Top private colleges can cost more than Rs 20 lakh, while public institutions can cost around Rs 5 – 8 lakh.

3. What are the top specializations offered in MBA programs in Mumbai?

Popular specializations in MBA programs in Mumbai include finance, marketing, operations, human resources, and IT.  Some colleges offer unique options like business analytics, international business, and entrepreneurship.

4. Can I take admission in MBA without an entrance exam?

Some colleges may offer limited seats for work experience-based MBA admission, but most MBA colleges require valid entrance exam scores.


Mumbai is home to many of India’s top MBA schools, making a major contribution to the educational landscape of the city. Prestigious MBA colleges in Mumbai with industry-focused curriculum and demanding MBA programs include SP Jain Institute of Management and Research, NMIMS School of Business Management, and Jamnalal Bajaj Institute of Management Studies. 

The vibrant corporate scene in the city gives students an unmatched opportunity to experience real-world business rigors. In the heart of India’s economic activity, pursuing an MBA in Mumbai not only provides excellent education but also opens doors to myriad professional options.

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