Last Updated:January 22, 2025, 21:00 IST
Explore Mumbai’s top MBA colleges, including IIM Mumbai and SPJIMR, offering quality education, diverse courses, and excellent placements.
IIM Mumbai is ranked sixth in the NIRF ranking 2024 (X@IIMMumbai)
Mumbai, India’s financial hub, boasts some of the country’s top MBA colleges, offering world-class education, industry exposure, and access to global business networks. These institutions help students develop strong leadership and managerial skills, with diverse specialisations in finance, marketing, operations and entrepreneurship. From prestigious names like IIM Mumbai and S.P. Jain Institute of Management and Research to emerging institutions, Mumbai is a prime destination for aspiring business professionals.
Here’s a closer look at the top MBA colleges in Mumbai that consistently rank high for their academic excellence, infrastructure and placement opportunities.
IIM Mumbai (NITIE)
Founded in 1963, the Indian Institute of Management, Mumbai (previously NITIE Mumbai) is a renowned management institution situated in Mumbai, Maharashtra. Ranked 6th in the NIRF 2024 ‘Management’ category, it also holds a position between 401-600 in the ‘Impact’ category by Times Higher Education.
Admission Process:
Candidates must hold a Bachelor’s Degree with at least 50 percent marks (45 percent for SC, ST and PwD categories) from a recognised university or institution. Final-year students can also apply, provided they meet the eligibility criteria and complete their exams before joining.
Applicants must also take the Common Admission Test (CAT-2024) conducted by the IIMs to apply for the programme.
Courses:
IIM Mumbai offers seven courses across different business and management fields, including its flagship two-year Post Graduate Diploma in Industrial Engineering (PGDIE) and Post Graduate Diploma in Industrial Management (PGDIM). Additionally, the institute provides certificate and global certificate courses in Business & Management at the postgraduate level.
Fees:
MBA/PGDM (3 Courses) – Rs 14 Lakh
PG Diploma (1 Course) – Rs 15 Lakh
Executive MBA/PGDM (1 Course) – Rs 15 Lakh
S. P. Jain Institute of Management and Research (SPJIMR)
SP Jain Institute of Management and Research (SPJIMR) is a well-regarded institution, recognised by several ranking organisations across different categories. In the NIRF 2024 rankings, SPJIMR secured the 20th spot in the ‘Management’ category. This marks the third consecutive year the institute has ranked among the top 50 management schools in India.
Admission Process:
To be eligible for admission, candidates must have completed their undergraduate degree with a minimum aggregate of 50 percent. They can apply through various entrance exams, such as GMAT, CAT, MAT and others.
Courses:
The institute offers a range of programs including Online PGDM, PGPM, PGPGM, and other related courses.
Fees:
The tuition fee for this college is Rs 24 lakh, while the average annual package stands at Rs 32 lakh.
ASLO READ: Top Private MBA Colleges In India As Per NIRF Ranking 2024
SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)
SBM NMIMS has received recognition from several prestigious ranking organisations, including Business Today, among others. It holds the 21st position in the NIRF rankings.
Admission Process:
SBM NMIMS offers entrance-based admissions. To apply for the MBA (flagship course), candidates must have a valid NMAT by GMAC score. The admission process includes an entrance exam, followed by a Case Discussion and Personal Interview (CD-PI) session. The registration for NMAT 2025 is open for the 2025-27 MBA/PGDM intake. SBM NMIMS, part of SVKM’s Narsee Monjee Institute of Management Studies, provides full-time, part-time and specialised management courses, including a PhD programme.
Courses:
NMIMS School of Business Management offers full-time and part-time MBA programmes, PGDM, Executive MBA and a PhD in Management, along with various specialised certificate and executive programmes.
Fees:
The MBA/PGDM programs at NMIMS range from Rs 13 lakh to Rs 25 lakh, while the PG Diploma course is priced at Rs 50,000.
K J Somaiya Institute of Management
K J Somaiya Institute of Management is a prestigious institution that has received recognition from various ranking organisations. Consistently performing well, the institute is ranked 63 in the ‘Management’ category by the NIRF rankings for 2024.
Admission Process:
The entrance exams for admission include XAT, CAT, MAT and others. To be eligible, candidates must have completed their graduation with a minimum aggregate of 50 percent.
Courses:
The institute offers courses such as an MBA in Healthcare Management, MBA in Sports Management, and more.
Fees:
The tuition fee for this university is around 17 lakhs.
The Principal L N Welingkar Institute of Management Development and Research
Welingkar Mumbai is a well-regarded institution, recognised by several ranking organisations across different categories. In the NIRF 2024 rankings, the institute secured the 84th position in the ‘Management’ category.
Admission Process:
The admission process requires candidates to take exams such as XAT, CAT, CMAT, MAT and others. To be eligible, applicants must have completed their graduation with a minimum of 50 percent aggregate marks.
Courses:
The institute offers various courses, including PGDM in Financial Management, PGDM in Human Resource Management, PGDM in Healthcare Management and more.
Fees:
The tuition fee for the programme is Rs 14 lakh.
