Top 10 MBA Colleges in Mumbai

The MBA program covers accounting, economics, marketing, finance, strategy, frameworks, human resources, organizational behavior, leadership, and information technology, among other topics related to management. The program is meant to fortify the theoretical underpinnings, offer hands-on experiences (research, projects, workshops, internships), develop hard and soft skills, create a window of employment opportunities, and assist you in starting your own business.

It is India’s educational and financial hub, which is why Mumbai has several MBA colleges and here we have listed top 10 MBA colleges in Mumbai that offer full-time, part-time, online, and distance-learning programs. These colleges provide MBA and PGDM programmes in various specialisations which assist students in developing key skills required for an outstanding professional career. As important as doing an MBA itself is choosing the right institution. In addition to being associated with you forever as a brand, it allows you to compete with like-minded people, it allows you to learn from top professors, and lastly, top institutions attract the best placements, which can be an advantage.

Top 10 MBA Colleges in Mumbai

1. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Established by the University of Mumbai in 1965, JBIMS has paved the way for management education and is continuously recognized as one of the top 10 colleges in Mumbai. With more than 52 years of experience, this late Dr. K.S. Basu. As one of the oldest MBA colleges in India, JBIMS has earned its reputation as a preferred complex for famous organizations. The institute claims a team of dedicated faculty members covering core management subjects and functional areas, as well as a panel of respected management experts and senior practice managers from various fields.

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

2. SP Jain Institute of Management & Research (SPJIMR)

SP Jain Institute of Management and Research (SPJIMR) has established itself as a major institution in the field of management education since its inception in 1981. Private institutions secured a place in the top 10 MBA colleges in India in 1994–1995 and retained this prestigious ranking continuously. SPJIMR is observed to emphasize its innovative teaching methods, state -of –art programs and values. India, its prominent place in the financial capital of India, provides precious industry risk to students. As part of the Bharatiya Vidya Bhavan, SPJIMR is recognized as one of the top 10 colleges of MBA in Mumbai.

Despite being part of this respected organization, spjimr operates independently with a strong entrepreneurship. Its consistent excellence was recently conveyed to its influential world rank #40 and India Rank #1 from FT Global Masters in Management (MIM) rankings 2023, which crosses other famous institutions like IIM Ahmedabad, Calcutta and Lucknow. This achievement confirms the status of spjimr as one of the best management institutions in India.

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

3. IIM Mumbai

Established in 1963 with the help of the United Nations Development Program (UNDP) and the International Labor Organization (ILO), IIM Mumbai, formerly known as Nitie, has consistently ranked TMBA top 10 colleges in Mumbai. In the 2022 National Institutional Ranking Framework (NIRF) rankings for management institutions, it ranks 9th. Dedicated to the production of skilled professionals in various fields such as operation management, analysis, finance, marketing, project management, HR, information technology and stability management, IIM proudly offers a diverse course.

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

4. SJMSOM (IIT-B)

The Indian Institute of Technology Bombay’s part is a prestigious MBA college established in SJMSOM, 1995. Earlier, it is known as SOM, in 2000, its name is changed to its prestigious alumni, Dr. Shailesh J. Mehta was named. Through intensive study and instructions, SJMSOM focuses on important topics such as operation, strategy, technology management, marketing, entrepreneurship, leadership, economics and organizational behavior.

The institution provides a comprehensive category of programs including a full -time Master of Business Administration (MBA) degree course, Doctorate Program and Management Development Program (MDP) for representatives of the company. These programs are designed to equip students with the skills and knowledge required to excel in today’s dynamic business environment. With innovation, practical experience and emphasizing educational excellence, SJMSOM offers a strong platform for business leaders. Its strong industry connections and commitment to state -of -the -art research ensures that graduates are well prepared to meet global market challenges.

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

5. Narsee Monjee Institute of Management Studies (NMIMS)

The NMIMS, established in 1981 under the University of Mumbai, achieved the position of Government of India, Recracit University in 2003. In only 36 years, NMIMS has become a major educational institution for MBA candidates, which is widely recognized. It is listed in MBA top 10 colleges in Mumbai and holds a grade rating with an impressive 3.59 CGPA recognition from NAAC. Its commitment to excellence, innovation and industry relevance ensures that graduates are well prepared to become successful professionals and leaders in their fields, continue the heritage of the institution in education.

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

6. Tata Institute of Social Sciences, Mumbai (TISS)

TISS, an eminent institution, which is known to dedicate social justice and human rights, offers HRM programs to equip various HR challenges to solve students equipped with the skills required to solve the various HR challenges. This program not only provides a comprehensive understanding of strategic insight, but also prepares students for a collaborative professional life. Sir Dorbji Tata Graduate School of Social Work was established by Sir Dorbji Tata Trust in 1936, TISE is the oldest university in Asia for social work education.

Located in Mumbai, India, it currently has several campuses and was officially named the Tata Institute of Social Sciences in 1944. TIS in Mumbai is known for its educational programs that focus on social science. It presents various doctoral degrees in subjects such as housing studies, management and labor studies, disaster studies, development studies, education, gender studies, health studies, laws, media and cultural studies, public policy, rural development and social work. Although TISS does not offer an MBA program, it offers a comparable option in management including an MA in human resource management and labor relations, social entrepreneurship, globalization and labor. As a result, Tis Mumbai is considered one of the major management colleges for HR in Mumbai.

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

7. Welingkar Institute of Management Development

A high -ingredient institute, Veschul, is ranked in the top 30 educational installations in the country continuously. Established in 1977, it is affiliated to the famous Shikhan Prasar Mandali, which oversees a total of 43 colleges. The institute is committed to students to excel in today’s changing business scenario with necessary skills and knowledge. Weschool offers a wide range of programs, combining educational hardness with industry relevance.

Its innovative approach to education, combined with state -of -the -art features and experienced faculty, ensures a composite learning experience for its students. The institute has recently highlighted the “AICTE-CII National Award for Best College for Industry College Linkage 2015,” in the impressive praise of the institute. Along with focusing on creativity, leadership and promoting a global mentality, Veschul prepares his graduates to become successful professional and leaders in their respective fields, continuing the legacy of excellence in education.

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

8. K.J. Somaiya Institute of Management

Established in 1981 as part of Somaiya Vidyavihar, K. The institute claims extraordinary managers who have strategic status globally in various domains. The medium-sized and beautiful complex extends up to 60 acres, adorned with green greenery, trees, gardens, and infrastructure of the top-oriented. With its establishment, target management and providing state -of -the -art education in the associated fields. It has been ranked in the top 25 management institutes in India and MBA top 10 colleges in Mumbai.

The institute offers many programs including full -time, part -time and executive courses, Masters in Computer applications and doctoral programs in business management. Recognized by AICTE and NBA, they have also received certification from Bureau Veritas. KJ Somaiya Special MBA, Executive MBA, MCA and Ph.D. Programs with a highly-worthy faculty count of 131 members who are famous experts in their fields. Additionally, the institute conducts customized management development programs and faculty development programs.

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

9. SDA Bocconi Asia Center

SDA BocCONI Asia Center is committed to advancing and spreading state -of -the -art professional knowledge in support of individual and organizational development. This mission is done through a unique approach to SDA Bokoconi School of Management to take advantage of industry-focused research and teaching. Through this, we are able to expand the expertise and excellence of SDA Bokoconi School of Management in areas such as design, branding innovation and entrepreneurship with global access.

Our diverse offerings including MBA programs, executive and special owners, executive programs, custom programs, applied research, research labs and knowledge centers contribute to empower professionals worldwide from all various industries. Remandable, SDA is one of the top 10 colleges in Bokoconi Mumbai and is recognized as one of the best in the world as its triple recognition (Equis, Emba and AACSB).

Fees: ₹19.4 Lakhs
Average Package: INR 14.30 LPA (2023)
Batch Size: 320

10. SIMSREE Mumbai

Established in 1983, the Cydenham Institute of Management Studies, Research, Entrepreneurship Education (Simsree) continues the prestigious Sidenham heritage to provide the MBA top 10 colleges in Mumbai. Its goal is to develop extraordinary global leaders equipped to flourish in a dynamic business environment. Located in Churchgate, Mumbai, the financial centers of India, Simsri are considered one of the major management institutes of the country.

The institute consists of Master of Management Studies (MMS), Master Degree (MFM) in Financial Management and Master’s Degree in Marketing Management (MMM). Educational excellence, strong corporate interfaces and Simsri’s commitment to notable alumni contribute to its respected reputation. The institute claims an impressive return (ROI) on investment, which attracts students across the country. With focus on overall and rich learning experiences, Simsri ensures that its graduates are well prepared to meet the challenges of the global business landscape, making it one of the MBA top 10 colleges in Mumbai.

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

Popular Entrance Examinations for Mumbai’s Top MBA Colleges

21 IIM and 1000+ MBA colleges in India participate in the general entry test (CAT). The examination course is divided into three sections – oral ability and reading understanding, data interpretation and logical argument, and quantitative qualifications. Both offline (paper-based) and online (computer-based) versions of MAT (Management Aptitude Test) are available. Language understanding, mathematical skills, data analysis and adequacy, intelligence and important arguments, and create five classes of Indian and global environment tests. In the Mah MBA CET (Maharashtra Common Entrance Test), multiple-questioned questions (MCQs) are asked. On test, candidates are assessed in logical logic, abstract logic, quantitative ability, oral ability/understanding of reading and data interpretation.

The city of Mumbai attracts students from all over the country to study. Many colleges and universities provide high quality education. Students can also get students residence which is in line with their budget. We saw the cost and benefits of the best MBA colleges in Mumbai. Therefore, students can take informed decisions. There are several job opportunities in the graduation of Mumbai MBA programs. They teach more than Book Smart. They improve the skills of thinking and solving the problem. Graduate success stories show how MBAs can change life. Mumbai takes a lot to offer MBA students. It mixes the research demand from the life of a lively city. Students develop both individually and professional.