Top MBA colleges in Mumbai are SPJIMR Mumbai, IIM Mumbai, IIT Mumbai MBA and NMIMS University MBA. Other best MBA colleges in Mumbai are BITSOM, Welingkar WE School, KJ Somaiya Institute of Management and SDA Bacconi Asia Center. MBA Admission 2026 process at these top Mumbai MBA colleges is open. Read this in-depth MBAUniverse.com article for latest fees, placements, rankings, admission 2026 process for top MBA colleges in Mumbai. Note that MAH MBA CET 2026 exam dates are out. MAH MBA CET 2026 exam will be conducted from April 6 to April 8, 2026. A second MAH MBA/MMS CET 2026 exam will also be conducted on May 9, 2026. Check top MBA colleges in Mumbai accepting MAH MBA CET 2026 exam scores below.
Table of Contents
1. Top MBA Colleges in Mumbai in 2026: Top 5, Low Fees, Govt. Colleges
2. Top MBA Colleges in Mumbai by NIRF Ranking 2025: Official Data (Updated)
3. Other Best MBA Colleges in Mumbai 2026
4. MBA Admission Status 2026 for Top MBA Colleges in Mumbai
5. Top Government MBA Colleges in Mumbai in 2026: IIM, IIT, JBIMS
6. Top Private Colleges in Mumbai in 2026: SPJIMR, NMIMS, BITSoMs
7. Top MBA Colleges in Mumbai by Placements 2025: Average Package (CTC) & Fees
8. Top MBA Colleges in Mumbai with Fee Structure 2026
9. Top Low Fees MBA Colleges in Mumbai 2026: Less than Rs. 5.00 Lakhs, 5-10 Lakhs
10. Top MBA Colleges in Mumbai with MBA Entrance Exams Accepted in 2026
11. Top MBA colleges in Mumbai Accepting MAH MBA CET 2026 Exam Scores
12. Top MBA Colleges in Mumbai with Specializations: Marketing, Finance, HR
13. Top MBA Colleges in Mumbai without Entrance Exam in 2026
14. Top Mumbai MBA College Comparison 2026
15. Why Study MBA in Mumbai in 2026? Get Industry Access & Career Growth
1. Top MBA Colleges in Mumbai in 2026: Top 5, Low Fees, Govt. Colleges
To start with, check the list of top MBA colleges in Mumbai in 2026 for different categories like Top 5, Govt Colleges, Low Fees colleges, Mumbai University MBA colleges and more categories.
Category | Top MBA Colleges in Mumbai |
|---|---|
| Top 5 MBA Colleges in Mumbai 2026 | IIM Mumbai, SPJIMR Mumbai, IIT Bombay and JBIMS Mumbai |
| Other Best MBA Colleges in Mumbai 2026 | NMIMS, BITSOM, K J Somaiya Institute of Management, SDA Bacconi Asia Center and Welingkar Mumbai |
| Top Government MBA Colleges in Mumbai 2026 | IIM Mumbai, SJMSOM IIT Bombay, JBIMS Mumbai and SIMSREE Mumbai |
| Top Private Colleges in Mumbai 2026 | SPJIMR Mumbai, NMIMS University Mumbai |
| Top Low Fees MBA Colleges in Mumbai 2026 | SIMSREE Mumbai |
| Best Mumbai University MBA Colleges 2026 | JBIMS Mumbai, SIMSREE Mumbai |
2. Top MBA Colleges in Mumbai by NIRF Ranking 2025: Official Data (Updated)
Based on NIRF and MBAUniverse.com rankings, the top MBA colleges in Mumbai are IIM Mumbai (formerly NITIE), IIT Bombay, SPJIMR Mumbai, NMIMS Mumbai and JBIMS Mumbai. Check this list of top 10 MBA colleges in Mumbai with latest NIRF MBA Rankings.
| MBA Colleges | NIRF Ranking 2025 | MBAUniverse.com Ranking 2025 |
|---|---|---|
| Indian Institute of Management (IIM) Mumbai | 6 | 8 |
| SP Jain Institute of Management and Research (SPJIMR) Mumbai | 20 | 4 |
| Shailesh J Mehta School of Management (SJMSOM IIT Bombay) Mumbai | 14 | 15 |
| NMIMS University School of Business Management (NMIMS) | 24 | 13 |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai | NA | NA |
Notable Mention: Goa Institute of Management (GIM) Goa, although not in Mumbai, should be considered if you are looking for MBA in Mumbai and Maharashtra. GIM Goa Average Salary was Rs 15.13 LPA in Placements 2025. GIM Goa offers general and specialized MBA equivalent PGDM programs. GIM Goa Admission 2026 is open.
3. Other Best MBA Colleges in Mumbai 2026
In addition to above top Mumbai colleges, there are many other good MBA colleges in Mumbai like SIES Navi Mumbai and other similar colleges. Check the list of good MBA Colleges In Mumbai with NIRF 2025 rankings.
| MBA Colleges | NIRF Ranking 2025 | MBAUniverse.com Ranking 2025 |
|---|---|---|
| SDA Bocconi Asia Center | NA | NA |
| BITS School of Management (BITSoM) Mumbai | NA | NA |
| K J Somaiya Institute of Management, Mumbai | 65 | 29 |
| Prin L N Welingkar Institute of Management Development and Research | 75 | 34 |
| Tata Institute of Social Sciences (TISS) Mumbai | NA | NA |
| SIMSREE Mumbai | NA | NA |
| SIES School of Business Studies Mumbai | NA | 55 |
4. MBA Admission Status 2026 for Top MBA Colleges in Mumbai
MBA Admission 2026 in top MBA colleges in Mumbai is now open. Leading B-schools like SPJIMR, IIM Mumbai and IIT Mumbai accept CAT 2025 scores. Others like K J Somaiya Institute of Management, Welingkar Institute of Management Development and Research and SDA Bocconi Asia Center accept NMAT 2025 and CMAT 2026 scores.
MBA Admission in Mumbai 2026 process for reputed MBA colleges in Mumbai includes the following steps:
- Candidates must hold a bachelor’s degree of at least three years with a minimum of 50% marks in any discipline.
- Applicants need to appear for an MBA entrance exam such as CAT, XAT, CMAT or MAT and apply separately to their preferred institutes.
- Shortlisting is based on the entrance exam score, academic record, and work experience.
- Shortlisted candidates are invited to participate in the Group Discussion (GD) and Personal Interview (PI) rounds.
- Once the final admission offer is received, candidates must confirm their seat by paying the admission or acceptance fee before the last date.
Check latest updates on MBA Admission Status 2026 for Top MBA Colleges in Mumbai in table below.
MBA Admission Status 2026 for Top MBA Colleges in Mumbai
5. Top Government MBA Colleges in Mumbai in 2026: IIM, IIT, JBIMS
Mumbai has some of India’s most reputed government and university MBA colleges. Leading institutions include IIM Mumbai, SJMSoM-IIT Bombay, JBIMS Mumbai and SIMSREE. Check list of top government colleges in Mumbai in the table below.
| Top Government MBA Colleges in Mumbai | MBA Fees | Placements |
|---|---|---|
| Indian Institute of Management (IIM) Mumbai | Rs. 16.00 Lakhs | Rs. 29.44 LPA |
| Shailesh J Mehta School of Management (SJMSOM IIT Bombay) Mumbai | Rs. 15.15 Lakhs | Rs. 25.82 LPA |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai | Rs. 8.50 Lakhs | Rs. 26.40 LPA |
| SIMSREE Mumbai | Rs. 1.34 Lakhs | Rs. 15.10 LPA |
6. Top Private Colleges in Mumbai in 2026: SPJIMR, NMIMS, BITSoMs
Top Private colleges in Mumbai in 2026 are run by private non-profit trusts and societies and are known for their corporate linkages and strong placements. In general, private MBA colleges fees is higher than government MBA colleges fees. Top 10 private MBA colleges in Mumbai include SPJIMR Mumbai, NMIMS University, BITSOM and Welingkar Mumbai. Check more details of top private colleges in Mumbai in the table below.
| Top Private MBA Colleges in Mumbai | MBA Fees | Average Salary |
|---|---|---|
| SP Jain Institute of Management and Research (SPJIMR) Mumbai | Rs. 26.50 Lakhs | Rs. 32.10 LPA |
| NMIMS University School of Business Management (NMIMS) | Rs. 27.00 Lakhs | Rs. 25.13 LPA |
| BITS School of Management (BITSoM) Mumbai | Rs. 28.55 Lakhs | Rs. 23.41 LPA |
| SDA Bocconi Asia Center | Rs. 20.75 Lakhs | Rs. 14.10 LPA |
| K J Somaiya Institute of Management, Mumbai | Rs. 22.32 Lakhs | Rs. 12.79 LPA |
| Prin L N Welingkar Institute of Management Development and Research | Rs, 16.20 Lakhs | Rs. 11.70 LPA |
| Tata Institute of Social Sciences (TISS) Mumbai | Rs. 1.45 Lakhs | Rs. 28.20 LPA |
7. Top MBA Colleges in Mumbai by Placements 2025: Average Package (CTC) & Fees
The top MBA colleges in Mumbai have a consistently high placement record. Top MBA colleges in Mumbai with good placements are SPJIMR Mumbai, IIM Mumbai, IIT Mumbai MBA, NMIMS University and BITSOM. Check the list of top MBA colleges in Mumbai with fees and Placement in the table below. By comparing the fees and placements, you can calculate the best ROI B-schools in Mumbai.
8. Top MBA Colleges in Mumbai with Fee Structure 2026
The MBA Fees in Mumbai has a wide range. Besides, most MBA colleges in Mumbai offer scholarships and waivers and also help you arrange for your education loan. Let’s look at Top MBA Colleges in Mumbai with low fees and different fees brackets in tables below:
| Top MBA Colleges in Mumbai | MBA Fees |
|---|---|
| Indian Institute of Management (IIM) Mumbai | Rs. 16.00 Lakhs |
| SP Jain Institute of Management and Research (SPJIMR) Mumbai | Rs. 26.50 Lakhs |
| Shailesh J Mehta School of Management (SJMSOM IIT Bombay) Mumbai | Rs. 15.15 Lakhs |
| NMIMS University School of Business Management (NMIMS) | Rs. 27.00 Lakhs |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai | Rs. 8.50 Lakhs |
9. Top Low Fees MBA Colleges in Mumbai 2026: Less than Rs. 5.00 Lakhs, 5-10 Lakhs
The MBA Fees in Mumbai has a wide range according to your pocket. Besides, most MBA colleges in Mumbai offer scholarships and waivers and also arrange for your education loan. Top 10 MBA colleges in Mumbai with fees structure are given below. Let’s look at MBA fee in Mumbai for B-schools in different fees brackets:
| MBA Colleges in Mumbai | MBA Fees |
|---|---|
| Tata Institute of Social Sciences (TISS) Mumbai | Rs. 1.45 Lakhs |
| SIMSREE Mumbai | Rs. 1.34 Lakhs |
Best MBA Colleges in Mumbai with Fee Between Rs. 5-10 Lakhs
| Best MBA Colleges in Mumbai | MBA Fees |
|---|---|
| SIES School of Business Studies Mumbai | Rs. 10.00 Lakhs |
| Chetana’s Institute of Management and Research | Rs. 9.60 Lakhs |
| IBS Mumbai: ICFAI Business school | Rs. 9.09 Lakhs |
Best MBA Colleges in Mumbai with Fees Between Rs. 10-20 Lakhs
| Best MBA Colleges in Mumbai | MBA Fees |
|---|---|
| Indian Institute of Management (IIM) Mumbai | Rs. 16.00 Lakhs |
| Shailesh J Mehta School of Management (SJMSOM IIT Bombay) Mumbai | Rs. 15.15 Lakhs |
| Prin L N Welingkar Institute of Management Development and Research | Rs, 16.20 Lakhs |
| N. L. Dalmia Institute of Management Studies and Research, Mumbai | Rs. 16.50 Lakhs |
| SIES School of Business Studies Mumbai | Rs. 10.00 Lakhs |
Best MBA Colleges in Mumbai with Fee Above Rs. 20 Lakhs
| MBA Colleges in Mumbai | MBA Fees | Placements |
|---|---|---|
| SP Jain Institute of Management and Research (SPJIMR) Mumbai | Rs. 26.50 Lakhs | Rs. 32.10 LPA |
| NMIMS University School of Business Management (NMIMS) | Rs. 27.00 Lakhs | Rs. 25.13 LPA |
| BITS School of Management (BITSoM) Mumbai | Rs. 28.55 Lakhs | Rs. 23.41 LPA |
| K J Somaiya Institute of Management, Mumbai | Rs. 22.32 Lakhs | Rs. 12.79 LPA |
| SDA Bocconi Asia Center | Rs. 20.75 Lakhs | Rs. 14.10 LPA |
The Best MBA colleges in Mumbai with low fees include all the institutes offering Mumbai University MBA/MMS programs.
10. Top MBA Colleges in Mumbai with MBA Entrance Exams Accepted in 2026
While CAT is widely accepted, many reputed MBA colleges in Mumbai without CAT offer quality management education. They accept other entrance exams like MAHCET XAT, NMAT, CMAT, MAT or their own entrance exams. Some also offer direct MBA admission in Mumbai 2026 based on academic performance and personal interviews. Check list of top MBA colleges accepting CAT 2025 scores, and other exam scores in the table below.
Entrance Exam | MBA Colleges |
|---|---|
| Top MBA Colleges in Mumbai accepting CAT 2025 scores | IMI Mumbai, SPJIMR Mumbai, SJMSOM IIT Bombay, |
| Top MBA Colleges in Mumbai accepting XAT 2026 scores | K J Somiaya, Welingkar Mumbai, N. L. Dalmia Mumbai |
| Top MBA Colleges in Mumbai accepting CMAT 2026 scores | K J Somiaya, Welingkar Mumbai, N. L. Dalmia Mumbai, SIES Mumbai, Kohinoor Mumbai |
| Top MBA Colleges in Mumbai accepting MAT 2025 scores | N. L. Dalmia Mumbai, SIES Mumbai, Kohinoor Mumbai |
| Top MBA Colleges in Mumbai accepting MAH MBA CET 2026 | JBIMS Mumbai, SIMSREE Mumbai, PUMBA Pune, Welingkar Mumbai and SIES Navi Mumbai. |
11. Top MBA colleges in Mumbai Accepting MAH MBA CET 2026 Exam Scores
MAH MBA CET 2026 exam will be conducted from April 6 to April 8, 2026. A second MAH MBA/MMS CET 2026 exam will also be conducted on May 9, 2026. MAH CET exam is an important MBA Entrance exam for admission in 350+ MBA colleges of Mumbai, Pune, and rest of Maharashtra. MAH CET is conducted by State CET Cell on behalf of Maharashtra Government for admission to various MBA/MMS courses offered at low fee by MBA colleges in Maharashtra. Both candidates from Maharashtra State (MS) category as well as All India category (Referred to as Outside Maharashtra State or OMS) candidates can apply for exam. After the exam, admissions to MBA colleges in Maharashtra is offered through Centralized Admission Process (CAP) conducted by DTE Maharashtra. Top MBA Colleges accepting MAH MBA CET scores are JBIMS Mumbai, SIMSREE Mumbai, PUMBA Pune, Welingkar Mumbai and SIES Navi Mumbai.
12. Top MBA Colleges in Mumbai with Specializations: Marketing, Finance, HR
Mumbai is the business and finance capital of India. All major banks like HDFC, ICICI, AXIS and Kotak Bank have their headquarters in Mumbai. Mumbai is also the home to large conglomerates and consumer companies like Tatas, Mahindras, Reliance, Aditya Birla group, Hindustan Unilever, and Godrej.
To meet the talent demand, MBA colleges in Mumbai offer a wide range of MBA specializations. Popular MBA specialization options in Mumbai are Marketing, Finance, Human Resource Management, Business Analytics and Banking & Financial Services. Check list of top MBA Colleges in Mumbai with specializations in the table below.
List of Top MBA Colleges in Mumbai with specializations
13. Top MBA Colleges in Mumbai without Entrance Exam in 2026
Some MBA colleges in Mumbai offer admission based on profile and conduct their own admission test. These top MBA colleges in Mumbai direct admission look for profile of the candidate and good performance in graduation. Some of the top MBA colleges in Mumbai without entrance exams are listed below:
- Chetana’s Institute of Management and Research
- MET Institute of Management (MET) Mumbai
- DSIMS Mumbai
- Aditya School of Business Management - ASBM Mumbai
- St. Wilfred’s College of Management Studies
- ATLAS SkillTech University Mumbai
14. Top Mumbai MBA College Comparison 2026
A comparison of top MBA colleges in Mumbai based on fees, salary and ranking is below. Compare these and other colleges on more than 15 parameters on this page.
15. Why Study MBA in Mumbai in 2026? Get Industry Access & Career Growth
Pursuing an MBA in Mumbai from a reputed B-school offers many benefits including academic value, industry exposure, and good ROI. The city’s strategic position as India’s business, finance and entertainment hub provides access to corporate networks, internships, and placement opportunities. Here are the key advantages of studying MBA in Mumbai and answer to this question: why should you study MBA in Mumbai?
Financial and Business Hub: While Delhi is the political capital, Mumbai is the financial and business capital of India. Bombay Stock Exchange, National Stock Exchange of India, the SEBI are all headquartered here. Hence, it is one of the world's top ten centres of global financial transactions. Corporate headquarters of leading Indian companies and MNCs like Unilever, P&G, Godrej, L&T, HDFC, Kotak Bank, ICICI Bank, Tata Group, Reliance Industries, Aditya Birla Group are also in Mumbai. Mumbai is also the media, advertising and entertainment capital of India. By attending above best MBA colleges in Mumbai you will get a chance to be part of Financial and Business Hub.
Bright job and career prospects for MBAs: If you are looking for a job in the financial sector, Mumbai is the place to be. MBAs can apply for jobs in Banking and Financial sectors in companies like HDFC, Kotak Bank, ICICI Bank and AXIS Bank. There are plenty of jobs in sales and marketing that are available in Mumbai in companies like Unilever, P&G, Godrej and many others. Being a media, advertising and entertainment capital of India, you can also apply for jobs in companies like Star TV, Zee TV, JWT, Times of India and many others.
Hub of MBA education: Finally, Mumbai is also a hub of education in management, technology and allied sectors. In addition to MBA colleges like SPJIMR, JBIMS, NMIMS, IIM Mumbai (formerly NITIE) also has leading institutions like IIT Bombay and Tata Institute of Social Sciences (TISS).
So, doing MBA from Mumbai is a good choice as many options are available in low fee with high ROI. After reading above article, you should know top MBA colleges in Mumbai for admission 2026. For more information, click on College Name to visit college microsite with complete details. Use the tabs for sorting and filter colleges on the basis of Rankings, Location, Exam Accepted, Average Salary, Fees and more.