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Top 10 MBA Colleges in Mumbai with Fees [2025-27]
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Mumbai, India’s financial capital, is home to some of the country’s top MBA colleges. If you are planning to pursue an MBA from Mumbai and are searching for the best MBA colleges in Mumbai, you are at the right place. This article covers the best MBA colleges in Mumbai, with details about their programs, admissions, fees, placements, and special features.
Check Out the Top MBA Colleges in India with Fees
In this article, we have listed down the top Business Schools in Mumbai.
1. Indian Institute of Management (IIM) Mumbai
The Indian Institute of Management (IIM) Mumbai, formerly known as NITIE Mumbai, was established in 1963. It is one of the top management institutes in India. Ranked 6th in the Management category by NIRF 2024, IIM Mumbai is also globally recognized, with a rank of 401-600 under the Times Higher Education Impact category.
The institute offers eight courses in business and management, including its flagship PGDM program. IIM Mumbai is famous for its week-long Management Development Programs (MDPs) and unit-based programs (UBPs) in Industrial Engineering and Management.
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2. SP Jain Institute of Management and Research (SPJIMR)
Established in 1981, SP Jain Institute of Management and Research (SPJIMR) is one of Mumbai’s most reputed management institutes. It is a part of Bharatiya Vidya Bhavan and has been ranked 20th by NIRF 2024 in the Management category. It is also ranked 121-130 in the QS World University Rankings for Master’s in Management. It has international accreditations from AMBA, AACSB, and NBA.
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3. Narsee Monjee Institute of Management Studies (NMIMS)
Narsee Monjee Institute of Management Studies (NMIMS) is a well-known university established in 1981. It is ranked 21st in the Management category by NIRF 2024. It is renowned for its state-of-the-art infrastructure and industry-focused curriculum.
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4. KJ Somaiya Institute of Management
KJ Somaiya Institute of Management is a leading management school in Mumbai, established in 1981. It is ranked 19th by Business World for MBA programs and 63rd by NIRF 2024 in the Management category. The institute is a part of Somaiya Vidyavihar University and is accredited by AACSB and ISO-certified. The Institute offers a range of postgraduate programs, including MBAs in sports, healthcare, and general management.
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5. Prin. L.N. Welingkar Institute of Management (WeSchool)
Prin. L.N. Welingkar Institute of Management, established in 1977, is one of Mumbai’s top private management institutes. It is ranked 84th in the Management category by NIRF 2024 and 17th under MBA (Private) by Outlook. The institute offers full-time, part-time, executive, and distance learning programs. WeSchool is known for its modern approach to education, which includes a global immersion program. The highest package during placements was INR 25.48 LPA.
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6. SIES College of Management Studies
Established in 1995, SIES College of Management Studies is a top-rated business school in Mumbai, Maharashtra. It offers a variety of MBA programs in both full-time and part-time modes. The college is known for its affordable fees and good placement record. Courses are designed to cater to the needs of the modern business world.
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7. ITM Business School
ITM Business School, located in Navi Mumbai, is part of the ITM Group of Institutions and is one of the most prestigious MBA Colleges in India. Established in 1991, it is ranked 19th in the Times Annual B-School Ranking 2024. The institute offers AIU- and UGC-approved MBA programs with over 35 add-on certifications. ITM is famous for its global immersion programs, which provide students with international exposure.
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Conclusion
Mumbai offers some of the best MBA colleges in India, each with unique features and excellent academic programs. From the globally recognized IIM Mumbai to the innovative ITM Business School, these MBA Colleges in Mumbai provide students with the skills and knowledge needed for successful careers. Choosing the right college depends on factors like fees, placements, and specializations.
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FAQs
Q. Which is the best MBA college in Mumbai?
IIM Mumbai is considered the best, with its top rankings and excellent placement record.
Q. What are the admission requirements for an MBA in Mumbai?
Most colleges require entrance exam scores like CAT, XAT, or NMAT, followed by interviews.
Q. Which MBA college in Mumbai has the best placements?
SPJIMR and IIM Mumbai have the best placement records, with packages going up to INR 77 LPA.
Q. What is the average fee for MBA programs in Mumbai?
The average fee ranges from ?6 Lakhs to ?22 Lakhs, depending on the institution and specialization.
Q. Are there affordable MBA colleges in Mumbai?
Yes, TISS and IES Management College are among the most affordable options with fees under ?6 Lakhs.
Q. Which MBA specialization is in demand in Mumbai?
Finance, Marketing, and HR are the most sought-after specializations due to Mumbai's status as a financial and business hub.
Q. Can I pursue an MBA in Mumbai with a low CAT score?
Yes, colleges like WeSchool, MET, and SIESCOMS accept scores from MAT, CMAT, or other exams, making them accessible for students with lower CAT scores.