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Top 11 Best MBA Colleges in Mumbai : Fee & Placement

Mumbai, the financial capital of India, is a preferred MBA destination offering quality education and job opportunities. If you are planning to pursue MBA from Mumbai and are searching for the best MBA colleges in Mumbai, you are at the right place, in this article, we have listed down the top MBA Colleges in Mumbai.

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List of Top MBA Colleges in Mumbai

There are hundreds of MBA colleges in Mumbai. Here, we have mentioned the Top B-schools you can aim for, if you are looking for MBA colleges in Mumbai.

CollegesExams AcceptedFeesAvg. Package
JBIMS MumbaiCAT, CMAT, GMAT, MAT, MAHCET6 lakh28.02 lakh
IIM MumbaiCAT21 lakh27.75 LPA
SJMSOM (IIT-B)CAT14 lakh28.88 LPA
TISS Mumbai(HRM & LR)CUET-PG1.85 lakh27.22 LPA
NMIMS MumbaiNMAT24 lakh26.63 LPA
KJ SomaiyaCAT, XAT, GMAT, NMAT, and CMAT16-17 lakh12.32 LPA
NMIMS Navi MumbaiNMAT18 lakh13.6 LPA
Welingkar MumbaiCAT, XAT, CMAT, ATMA14 lakh12.94 LPA


SPJIMR Mumbai, one of the top MBA colleges in Mumbai.

The Shreyans Prasad Jain Institute of Management and Research (SPJIMR) is a private non-profit B-school based in Mumbai, India. Founded in 1981 under the aegis of Bharatiya Vidya Bhavan, The institute offers several full-time and part-time management programs. SPJIMR is situated on a 45-acre campus, in the metropolis of Mumbai. It is one of the oldest MBA colleges in Mumbai.

SPJIMR offers several postgraduate full-time programs, such as a 2-year, Post-Graduate Diploma in Management (PGDM), a Full-time doctoral program, and a Fellow Programme in Management (FPM).

Read : SPJIMR Mumbai Placement

  • Fees: 24 lakh
  • Average Package: 33 LPA
  • Highest Package: 81 LPA
  • Batch Size: 300 Students

Also Read: Top MBA Colleges With Best ROI

JBIMS Mumbai

Jamnalal Bajaj Institute of Management Studies was founded in 1965 by the University of Mumbai. JBIMS has been a pioneer in management education and one of the most prestigious MBA colleges in Mumbai. It is consistently ranked among the top 10 premier B-schools in the country with a legacy spanning over the past 52 years.

The Masters in Management Studies offered at the JBIMS is its flagship course. A two-year, full-time post-graduate MBA course was started in 1965 and since then, has been updated periodically to match the needs of the corporate world. This college has nurtured many prominent leaders, it is also known as the CEO Factory of India. In the second year of this program, specializations are offered, such as Finance, Marketing, Operations, Systems, and Personnel.

  • Fees: 6 lakh
  • Average Package: 28.02LPA
  • Highest Package: 35.75 LPA
  • Batch Size: 150 Students

Also Read : Top MBA Colleges in Delhi NCR

IIM Mumbai

IIM Mumbai, best MBA college in Mumbai.

Indian Institute of Management Mumbai (IIM Mumbai) previously recognized as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), is a prestigious business school under the Ministry of Education (India), Government of India located in Powai near Vihar Lake in Mumbai and is ranked 7th among B-Schools of India as per NIRF 2023 rankings.

It was established by the Government of India in 1963 with the assistance of the United Nations Development Programme (UNDP) through the International Labour Organization (ILO) to create skilled professionals.

IIM Mumbai offers postgraduate diplomas in various fields of management and industrial engineering. It also offers doctoral-level fellowship programs. Annually, IIM Mumbai trains over 2000 professionals through its various week-long Management Development Programs (MDPs) and unit-based programs (UBPs) in different areas of Industrial Engineering & Management.

  • Fees: 21 lakh
  • Average Package: 27.75 LPA
  • Highest Package: 78.20 LPA
  • Batch Size: 407 Students



Shailesh J. Mehta School of Management (popularly known as SJMSOM or simply SOM) is a public business school and part of the Indian Institute of Technology Bombay. SJMSOM was established in 1995. In 2000, the school was renamed to Shailesh J. Mehta School of Management, in honor of Dr. Shailesh J. Mehta who is a Mechanical Engineer graduate of IIT Bombay.

SJMSOM conducts education and research in leadership, economics, marketing, entrepreneurship, organizational behavior, technology management, operations, strategy, and other areas. The school offers a full-time degree course (Master of Business Administration), a doctoral course, and Management Development Programs (MDP) for company representatives.

  • Fees: 14 lakh
  • Average Package: 28.88 LPA
  • Highest Package: 54 LPA
  • Batch Size: 120 Students

TISS Mumbai

TISS, Best MBA HR College in Mumbai.

Tata Institute of Social Sciences (TISS) is a multi-campus public university in Mumbai, India. It is Asia’s oldest institute for professional social work education and was founded in 1936 in the then-Bombay Presidency of British India as the Sir Dorabji Tata Graduate School of Social Work by the Sir Dorabji Tata Trust. In 1944, the institute was officially renamed the Tata Institute of Social Sciences
TISS’s academic programs focus on the social sciences and offer doctoral degrees in Habitat Studies, Management and Labour Studies, Disaster Studies, Development Studies, Education, Gender Studies, Health Studies, Law, Media and Cultural Studies, Public Policy, Rural Development, and Social Work.

Tata Institute of Social Sciences (TISS) in Mumbai does not offer an MBA program. However, it does offer a similar program in Management, Including an MA in Human Resource Management and Labour Relations, Social Entrepreneurship, Globalisation, and Labor, etc. TISS Mumbai is considered to be the best MBA HR college in Mumbai

  • Fees: 1.85 lakh
  • Average Package: 27.22 LPA
  • Highest Package: 49 LPA
  • Batch Size: 68 Students

NMIMS Mumbai

NMIMS Mumbai is one of the top MBA colleges in Mumbai. Narsee Monjee Institute of Management Studies (abbreviated as SVKM’s NMIMS) is a private deemed university located in Mumbai. What started with baby steps in 1981, NMIMS has today emerged as a globally reputed university.

NMIMS Mumbai Programme and the courses Offered By NMIMS Mumbai include MBA, MBA-HRM, MBA- Pharmaceutical Management with a wide range of specializations.

  • Fees: 24 lakh
  • Average Package: 26.63 LPA
  • Highest Package: 67.80 LPA
  • Batch Size: 600 Students


SIMSREE, Best ROI MBA college in Mumbai.

Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) was founded in the year 1983. In keeping with the rich Sydenham tradition of imparting high-quality education, SIMSREE has endeavored to produce global managers of shining excellence. SIMSREE stands as one of the most popular management institutes in India, located at Churchgate, Mumbai in the heart of the financial capital of the country. SIMSREE is considered the 2nd best in terms of RoI, that is the reason it is counted among the top MBA colleges in Mumbai.

  • Fees: 1.34 lakh
  • Average Package: 12.30 LPA
  • Highest Package: 25 LPA
  • Batch Size: 179 Students



BITSOM, Mumbai is a business school under the aegis of BITS Pilani (an Institute of Eminence under MHRD, India). BITSOM offers a two-year full-time residential MBA program in Mumbai with an industry-integrated curriculum for the leaders of tomorrow. BITSoM has collaborated with London Business School (LBS) for a 2-week Global Immersion for its MBA students. At LBS students attend sessions by LBS faculty, work with local entrepreneurs in a LIVE project, engage with the industry speakers, and get the opportunity to explore the London city.

  • Fees: 27.20 lakh
  • Average Package: 23 LPA
  • Highest Package: 50 LPA
  • Batch Size: 154 Students

KJ Somaiya

KJ Somaiya
KJ Somaiya Institute of Management, Mumbai

KJ Somaiya Institute of Management is a private autonomous business school that was established in 1981, under Somaiya Vidyavihar Mumbai University. It has achieved significant recognition and ranks among the top MBA colleges in Mumbai.

Located in the financial capital of the country, Mumbai, KJ Somaiya Institute of Management attracts top recruiters who visit the campus each year to seek out top talent for their organizations. The Institute offers admission into its flagship program, the 2-year full-time MBA program, based on CAT, XAT, GMAT, NMAT, and CMAT scores followed by a GD-PI round. Beyond the core MBA program, KJ Somaiya Institute of Management also offers MBA-HealthCare Management, & MBA-Sports Management programs.

  • Fees: 16-17 lakh
  • Average Package: 12.32 LPA
  • Highest Package: 25.96 LPA
  • Batch Size: 673 Students

NMIMS Navi Mumbai

NMIMS Navi Mumbai campus was officially inaugurated in 2017. In keeping with the NMIMS legacy of progressive and innovative learning, the campus offers all the manifold advantages that come with an eminent faculty, interactive, responsive learning, and world-class infrastructure. The multi-disciplinary campus offers a selection of graduate and post-graduate programs across engineering, commerce, management, law, and science. Course curricula are designed keeping industry needs and trends in mind to ensure students are well prepared for careers in their chosen fields.

The NMIMS Navi Mumbai campus is located at Kharghar near the upcoming Pethapada Metro Station. It is a naturally scenic area, the perfect location to pursue higher education, away from the noise and pollution of a metro city.

  • Fees: 18 lakh
  • Average Package: 13.6 LPA
  • Highest Package: 25 LPA
  • Batch Size: 120 Students

Welingkar Mumbai

Welingkar Mumbai

Welingkar Institute of Management Development & Research (WeSchool), is a renowned MBA college in Mumbai, India. Established in 1977 by the late Prin. L.N. Welingkar, the institute has a rich legacy of providing quality management education and preparing students for leadership roles in the corporate world.

Welingkar Mumbai (WeSchool) is recognized for its quality education, academic rigor, and strong industry connections, making these courses highly regarded in the field of management education.

  • Fees: 14 lakh
  • Average Package: 12.94 LPA
  • Highest Package: 40 LPA
  • Batch Size: 600 Students

These were the top MBA colleges in Mumbai that you can aim for. If you are looking for structured CAT preparation along with 24*7 doubt-solving, you can rely on iQuanta’s CAT 2024 Course. Practice the most relevant CAT-level content with iQuanta.

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Indrajeet Singh
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