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Top MBA Colleges in Mumbai
April 15 2024

Mumbai is the capital city of the Indian state of Maharashtra. It has got very good exposure in terms of Management Studies. Students from various states come to study in the top Management institutes of Mumbai. Mumbai does not only provide top management institutes but also good Job opportunities into different sectors for students after completing their MBA.

For preparation join our courses Out of all the top colleges in Mumbai, here we provide a list of Top 10 MBA Institutes with the insights of the courses, fees, and placements of the colleges in Mumbai.


SP. Jain Institute of Management and Research 


(SPJIMR) is a constituent of the Bharatiya Vidya Bhavan and is known as one of the premier business schools of India. SPJIMR's Post Graduate Diploma in Management is a two-year full-time residential program equivalent to an MBA.

 The program offers specialization in Finance, Marketing, Operation, Information Management. This college accepts CAT/XAT/GMAT scores. SPJIMR is the only college that selects students in the first round on the basis of their profile and the second selection is done on the basis of entrance exam scores and performance at the GD-PI. Courses Offered: PGDM Fees:Rs.17.5 Lakhs Average Placement: Rs.26.36 LPA Apply Now


Jamnalal Bajaj Institute of Management Studies


(JBIMS) is the Department of Management Studies of theUniversity of Mumbai. It is known for its post-graduate management program (Masters in Management Studies, equivalent to an MBA). JBIMS is also known as the 'CEO Factory', which has given a list of alumni who have reached top positions in various MNCs.

 The admission process of JBIMS for the year 2017 – 2018 will be through the Centralised Admission Process (CAP) process of DTE (Directorate of Technical Education). Scores of CAT and CET will be accepted for the admission process. Courses Offered: MMS Fees: Rs.6 Lakhs Average Placement: Rs.20.13 LPA

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National Institute for Training in Industrial Engineering

(NITIE) is one of the top institutes not only in Mumbai but in India. Admission to PGDBM program which is equivalent to MBA was made through one of the following five all India entrance tests CAT/JMET/ATMA/MAT/XAT.

Courses Offered: PGDM Fees: Rs 6.26 Lakhs Average Placement: Rs 15.83 LPA

 Apply Now Also read: Top Colleges Through CET  


Shailesh J. Mehta School of Management (SJMSOM), IIT B

The institute’s flagship program, Master of Management is a two-year course equivalent to an MBA that is well known in India. SJMSOM, an academic unit of IITB, has its distinct place as a national and global business management school.

Courses Offered: MBA Fees: Rs 8.75 Lakhs Average Placement: Rs 19.06 LPA

Apply Now Also checkout: CET vs NMAT  


Narsee Monjee Institute of Management Studies, Mumbai (NMIMS) 

is a private university in Mumbai. NMIMS has been awarded as A*** ratings by CRISIL. NMIMS which offers an MBA in both Core and HR have an extensive curriculum with outstanding corporate exposure and hence ranks among the top 10 colleges not just in Mumbai but also in India. Courses Offered: MBA Fees: Rs 18 Lakhs Average Placement: Rs 14.37 LPA

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SP Jain School of Global Management

S P jain school of global management

SP Jain School of Global Management is a leading Australian business school that provides modern, relevant and practical global business education. With campuses in the dynamic business hubs of Dubai, Mumbai, Singapore and Sydney, SP Jain Global is renowned for pioneering and offering the world’s first tri-city undergraduate and postgraduate programs.

 For its flagship Global MBA program, the School has been ranked year after year by reputed international publications such as Forbes, Financial Times and The Economist. Globally intelligent and culturally agile, an SP Jain Global graduate is empowered with the skills and confidence to drive decisions and take on the global challenges of the 21st century.

 Top management positions increasingly go to global citizens – people who have lived overseas, and, therefore, understand many business cultures. Get this edge with the SP Jain Global MBA (GMBA) program where every student lives in Dubai, Singapore, and Sydney – each a regional capital and a great backdrop for business education. The 12-month postgraduate program offers insights into some of the latest and most innovative areas of business management. It focuses on helping students appreciate, accept and adapt to different business and cultural environments.

Designed exclusively for professionals with 3+ years of work experience, the GMBA is an internationally-recognized program with a reputation that is built on superior standards of teaching, research, innovation and graduate outcomes. 

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Tata Institute of Social Sciences (TISS)

The master's degree program in Human Resource Management and Labor Relations offered at the TISS Mumbai campus is one of the most prestigious programs in the field of HR in India. 

TISS is ranked among the top 10 colleges not only in Mumbai but in India. Courses Offered: MA Fees: Rs 1.05.Lakhs Average Placement: Rs.20.06 LPA

 Apply Now Also read: Top MBA colleges with International Exposure in Mumbai  


Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE)

SIMSREE is a management institute under the University of Mumbai. SIMSREE offers both MMS (Masters of Management Studies) which is a full-time postgraduate degree equivalent to MBA and PGDBM (Post Graduate Diploma in Business Management) approved by AICTE.

SIMSREE is a well-known institute run by the government. Courses Offered: MMS/PGDM Fees: Rs 1.40.Lakhs Average Placement: Rs.10.92 LPA 

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SDA Bocconi Asia Center

SDA Bocconi Asia Center formerly MISB Bocconi’s International Master in Business is a Post-Graduate Program, a Full-Time program with two 11-month modules. Upon completion of program the graduates become a part of the global alumni network of SDA Bocconi. SDA Bocconi School of Management is currently ranked 3rd Business School in Europe by Financial Times and holds the Triple Crown Accreditation - AACSB, AMBA, and EQUIS.

IMB  placements range from International Brands like H&M, Ferraro and retail giants like Lifestyle, Bigbasket, Consulting giants like: Deloitte, Ernst and Young, innovative and fastest growing brands like Nykaa, TataCliq, Michael Page. Getting such exposure will set your career on the right path and provide the requisite corporate exposure and packages. As per the latest placement statistic the average package is INR 12.3L so far.

Apply Now

 The selection process is based on an overall analysis of various factors. On one hand, applicants must score well on formal admission requirements: bachelor degree and test scores(CAT/NMAT/GMAT/GRE/Bocconi Test). On the other hand, it evaluates soft skills and talents, such as enthusiasm, ability to listen, concentration, involvement, responsibility, motivation to grow as a manager and a person.

 Admission to the IMB depends on a rigorous selection process, meant not only to determine whether candidates are suitable for the program, but also whether the program will meet each candidate’s expectations and career goals. SDA Bocconi Asia Center formerly MISB Bocconi does not indicate any “cut off” restriction; a high test score is definitely helpful, but – for instance – an average score could be compensated by the candidate’s excellence in other areas. If you don’t have any of these scores, or if your scores are not satisfactory, you can opt to take the Bocconi Test.

 Learn from CAT Toppers and target best colleges

It is based on the overall profile analysis of below-mentioned factors. Candidates with a consistent academic background and a demonstrated ability to cope with the rigor of the program have an advantage in the selection process. Soft skills and talents, such as enthusiasm, ability to listen, concentration, involvement, responsibility, motivation to grow as a manager and a person is critical for selection; it is meant not only to determine if the candidates are suitable for the program, but also whether the program will meet each candidate’s expectations and career goals.

 Applicants must also score well on admission test scores (CAT, GMAT, GRE, NMAT by GMAC or Bocconi test). Management experience, leadership potential, social work, entrepreneurial experience, communication skills, creativity, art, sports and involvement in the community that is considered in the candidate’s profile.

Fees: 18.6L Average Placements so far: 12.3L

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K.J. Somaiya Institute of Management

K J Somaiya Institute of Management, a constituent institute of Somaiya Vidyavihar, was established in 1981 with the objective of providing state-of-the-art education in management and allied areas. A fully residential campus with world-class sports facilities, the institute is consistently ranked among the top 25 management institutes and top 10 private sector B-schools in India. The institute is approved by the AICTE and accredited by the NBA.

It has also been certified by the Bureau Veritas. It offers MBA, Executive MBA, MCA, and Ph.D. programmes in various specializations. 12,000+ alumni base and 300+ recruiters on campus are proof of the institute’s goodwill and reputation among all its stakeholders in India and abroad. It has 131 highly-qualified and knowledgeable faculty members.

 K J Somaiya Institute of Management also conducts various customized Management Development Programmes and Faculty Development Programmes. Courses Offered: MBA and 8 Other courses Fees: Rs 16.30 LPA Average Placement: Rs.10.08 LPA - Batch of 2020

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N. L. Dalmia Institute of management studies and Research

Established in 1995, by Late Shri Niranjanlalji Dalmia, N L Dalmia Institute of Management Studies and Research (NLDIMSR) is a business institute located in Mumbai. NLDIMSR is ISO 9001:2015 certified. NLDIMSR commenced its academic programme of Master's in Management Studies (MMS) and Postgraduate Diploma in Business Management (PGDM) in 1997.

 NLDIMSR is a member of the Association to Advance Collegiate Schools of Business (AACSB), the All India Management Association (AIMA) and the Confederation of Indian Industry (CII). NLDIMSR set-up Bloomberg labs, Mumbai, the first few and amongst very few financial Labs in India.

 The NL Dalmia Institute of Management Studies and Research has a fully digitalized library with 35,000 plus books, leading magazines, newspapers, journals, CD ROM. The campus library also has databases and software like EBSCO, Capitaline, Libsuite, JGate. Students can easily access the software with their assigned credentials. Courses Offered: PGDM Fees: Rs. 4.65Lakhs Average Placement: Rs.7.05 LPA

Apply Now Also read: Strategy for CET  


Prin. L. N. Welingkar Institute of Management Development & Research

Also known as “WeSchool” features among the top Business Schools in India. Run by charitable trust Shikshan Prasarak Mandali, Pune.WeSchool offers both MMS and PGDM.

In PGDM, the institute provides a variety of courses such as PGDM-E commerce, Business Design, Retail Management, Rural Management, Healthcare Management, etc. Courses Offered: MMS/PGDM Fees: Rs 6.44/11.04.Lakhs Average Placement: Rs.11 LPA 

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Related articles: Top 10 MBA Colleges in Chennai|Study Plan for CAT|10 Tips to Crack CET

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