Top MBA Colleges in Mumbai with Fees, Exams & Placement 2025

Mumbai is the ideal city for your MBA from the best MBA colleges in Mumbai. With Mumbai being cosmopolitan, it provides a culture that promotes a global mindset, which is key in being a leader in the modern business world.

According to the rankings, SPJIMR, NMIMS, JBIMS, IIM Mumbai, and SJMSOM (IIT Bombay) continuously rate among the best for MBA. The city offers full-time programs and executive MBA programs that have good connections with the industry, placements, and exposure.

So, if you are considering doing an MBA in Mumbai. Let's get connected with EduKyu and get the right counselling for the best college.

Key Takeaways:

Whether offline or online MBA, it suits any individual's schedule and lifestyle.
Some of the top MBA colleges in Mumbai are SPJIMR, NMIMS, JBIMS, and even some low-cost institutes like IDOL and IGNOU.
Mumbai is one of the best places for prospective MBA students due to the sheer number of opportunities available within its robust business landscape.
EduKyu can assist you in identifying the ideal MBA college in Mumbai with professional counselling and admissions assistance.

Why Do an MBA?

Completing an MBA from the top MBA colleges in Mumbai can be a great step for your professional career. Here are a few of the reasons why an MBA is a perfect fit for you:

1. Career Advancement and Learning Opportunities

MBA programs are not only designed to get you into a leadership position. They are also meant to give you the confidence to lead a team or project.

2. Better Salary Opportunity

Everyone knows that the graduates of the top MBA colleges in Mumbai receive a better salary and have more job offers from some of the top companies and startups in India.

3. Development of Skills and Flexibility in Various Industries

An MBA can help you develop essential business skills, communication skills and problem-solving skills that can be transferred to fields such as finance, IT or marketing.

4. Networking and Professional Networking

A lot of the top MBA colleges in Mumbai offer workshops, reunions, and events where students can meet with industry leaders, alumni and other important business professionals.

Why Do an MBA in Mumbai?

Mumbai is the economic and financial capital of India. It has exciting learning and job opportunities.

Mumbai as India's Economic and Financial Centre: The financial capital city is the hub of India's financial world, from stock markets to corporate headquarters.
Diverse Exposure to Industries and Recruiters: Mumbai MBA colleges have student tie-ups with many leading companies in banking, IT, pharma, and media.
Presence of Top MBA Colleges: The Top 10 MBA colleges in Mumbai with fees are known for their education, access to industries, and placement rates.
Networking and Multicultural Environment: Mumbai has students from every corner of India and every country. The diversity is perfect for networking opportunities!
Startup Ecosystem and Quality of Life: The city has many incubators, co-working spaces, and funding options for startup entrepreneurs.

Understanding MBA Formats

Before selecting a college in Mumbai for an MBA program, Indian students need to understand some of the available options, like:

Offline MBA Program

An offline MBA is a traditional course taken in a classroom. It's typically 2 years and involves lectures, projects, internships, and campus placements.

Online MBA Program

A distance or online MBA will allow you to study from home. It is ideal for working professionals and students who require flexibility.

Factors to Consider Before Choosing Your MBA Path

Before finalising on an MBA college in Mumbai, it is important to evaluate what is suitable for you based on your career goals and your personal requirements.

Whether it be a full-time or flexible online MBA program, there are several things to consider before making the most informed and future-ready decision possible.

Career Goals: Choose based on a substantial future career plan.
Flexibility and Time Commitment: If you are a working professional, the online MBA option is the best.
Accreditation and Reputation: Ensure that the college is UGC/AICTE approved.
Placement Support and Alumni Network: Colleges with quality placement cells have facilitated most.

Top 10 Offline MBA Colleges in Mumbai with Fee Structure

Know the top 10 offline MBA colleges in Mumbai with details on fees, accepted exams, rankings, and average placement packages.

College Name	NIRF Rank	Total Fees	Exams Accepted	Average Package (INR)
SP Jain Institute of Management (SPJIMR)	20	INR 22.50 lakhs	CAT and GMAT	INR 32 LPA
Narsee Monjee Institute (NMIMS)	21	INR 2.1 lakh to 44 lakh	NMAT by GMAC	INR 25.13 LPA
Jamnalal Bajaj Institute (JBIMS)	N/A	INR 6,00,000 to 7,00,000	CAT, CMAT, and MAH-MBA CET	INR 26.12 LPA
K J Somaiya Institute	63	INR 13.48 Lakhs to 21.37 Lakhs	CAT, XAT, GMAT, NMAT, or CMAT	INR 12.79 LPA
N. L. Dalmia Institute	76	INR 16.50 Lakhs	CAT, XAT, GMAT, CMAT, MH-CET, MAT, and ATMA	INR 10.5 LPA
SIES College of Management Studies	55	INR 7 Lakhs to 9 Lakhs	CAT, XAT, CMAT, MAT, ATMA, and MAH-CET	INR 8.76 LPA
Welingkar Institute of Management	101-125	INR 14 Lakhs	CAT, XAT, CMAT, ATMA, and GMAT	INR 12.02 LPA
MET Institute of Management	N/A	INR 3.38 Lakhs	CAT, XAT, MAT, CMAT, ATMA, and MAH CET	INR 7.50 LPA
Xavier Institute of Management (XIMR)	43	INR 4,98,654	CAT, XAT, CMAT, MAT, ATMA, and MAH CET	INR 6 LPA
ITM Business School, Navi Mumbai	N/A	INR 12.45 Lakhs	CAT, XAT, NMAT, GMAT, MAT, ATMA, and state-level CET exams	INR 8.65 Lakhs

College Descriptions:

SP Jain Institute of Management (SPJIMR)

SP Jain Institute of Management (SPJIMR) campus in Mumbai – top MBA college known for innovative teaching and high placements

SP Jain Institute of Management and Research is one of the finest MBA colleges located in Mumbai. It is a known institute for innovative teaching methods and values-oriented leadership philosophy.

For Indian students, hands-on projects, global immersion programs, and excellent placements, especially in consulting and leadership roles, present challenges.

Narsee Monjee Institute (NMIMS)

Narsee Monjee Institute of Management Studies (NMIMS) Mumbai – leading private MBA college

As a leading private university with an industry-focused MBA, NMIMS enables Indian students to develop strong networks with alumni and corporate partners while being exposed to real business problem-solving experiences and career opportunities in various sectors.

Jamnalal Bajaj Institute (JBIMS)

amnalal Bajaj Institute of Management Studies (JBIMS) Mumbai – government-recognized MBA college

Jamnalal Bajaj Institute of Management Studies is a government-recognized college under Mumbai University that provides a high return on investment at low fees.

For Indian students who want the best education and premium placements in finance and consulting areas, JBIMS is perfect.

K J Somaiya

K J Somaiya Institute of Management Mumbai – NAAC A-accredited MBA college

K J Somaiya Institute of Management offers a full-time MBA and an executive MBA program. This college specifically encourages students by providing global opportunities and case analysis based on learning.

In addition, for Indian students, it serves as a gateway to advance entrepreneurial skills and leadership qualities.

N. L. Dalmia

N. L. Dalmia Institute of Management Mumbai – NAAC accredited MBA college

This college is most popularly known for its finance and data analytics programs. It gives students rigorous academic training along with Bloomberg labs and access to their software. The Indian students interested in analytics or banking will see the most benefit from them, just in terms of recognition.

SIES College of Management Studies

SIES College of Management Studies Mumbai – affordable MBA college

SIES College of Management Studies is an inexpensive and respectable MBA option in Mumbai. It provides good placements and holistic learning. Indian students from middle-income backgrounds find it accessible and worthwhile.

Welingkar Institute of Management

Welingkar Institute of Management (WeSchool) Mumbai – innovative MBA college with hybrid learning

Welingkar (WeSchool) has a reputation for innovation and design thinking. Students from India here learn to think creatively and engage in hybrid learning and are well-equipped for future-ready business roles.

MET Institute of Management

MET Institute of Management Mumbai – practical MBA college offering leadership-focused education

MET Institute of Management offers practical business education with a focus on leadership. Indian students get exposure to live projects, seminars, and strong industry mentors.

Xavier Institute of Management (XIMR)

Xavier Institute of Management and Research (XIMR) Mumbai – MBA college focused on value-based education

Xavier Institute of Management & Research is an institution dedicated to ethical business education. XIMR fulfils the needs of Indian students who are interested in value-based business education with an emphasis on social impacts.

ITM Business School, Navi Mumbai

ITM Business School Navi Mumbai – top MBA college

ITM Business School is considered one of the premier MBA colleges in Navi Mumbai. This innovative institution is recognized for collaboration with foreign universities, ample placement opportunities and focus on practical training.

Indian students at ITM Business School benefit from a strong emphasis on personality development and experiential learning through live corporate projects.

Top Online/Distance MBA Colleges in Mumbai

Here is a list of top online and distance MBA colleges in Mumbai, with details on fees, exams, and other features.

College Name	NIRF Rank	Total Fees	Exams Accepted	Average Package (INR)
DY Patil University	101	INR 1,89,400	CAT, MAT, XAT, or CMAT	INR 5 LPA to 7 LPA
Mumbai University – IDOL	101-150	INR 21,260 to 1.35 Lakhs	MAT, XAT, CMAT, MAH CET, ATMA, GMAT, NMAT, SNAP, and SMAT	INR 2 LPA and 3 LPA
ICFAI Business School	55	INR 2,00,000	IBSAT, CAT, NMAT by GMAC, and GMAT	INR 7.55 LPA to 10.42 LPA
Amity University Online	N/A	INR 1.99 Lakh to 2.99 Lakh	Own University exam	INR 6 LPA and 8 LPA
Suresh Gyan Vihar University	151-200	INR 58,000	SGVUEE, CAT, MAT, CMAT, XAT, and GMAT	INR 3 LPA to 6 LPA
Indira Gandhi National Open University	1	INR 62,000	Merit-based	INR 3 LPA to 4 LPA
Symbiosis Centre for Distance Learning (SCDL)	13	INR 3,00,000	CAT, MAT, XAT, GMAT, and the Symbiosis PGDBA Entrance Test	INR 3-5 LPA to a maximum package of 20 LPA

College Descriptions:

DY Patil University – Centre for Online Learning

DY Patil University Online MBA – UGC and AICTE approved programs

DY Patil is a reputable name in education and offers a well-organised online MBA program. The UGC and AICTE also recognise the programs, so they are valid throughout India.

Students can choose from specialisations such as HR, finance, and marketing. These courses are flexible and easy to fit around and are meant for working professionals. The university also offers live lectures, recorded sessions, and placement support.

Why choose it?

This is a good option for students who want a recognised, cost-effective online MBA program that incorporates contemporary learning practices and tools.

Mumbai University – IDOL (Institute of Distance and Open Learning)

Mumbai University IDOL – government-recognized distance MBA program offering affordable fees and multiple specializations

Mumbai University is a reputed public university for MBA distance learning via IDOL, and it's comparatively low-cost. Mumbai University offers an MBA with a lot of specialisations. This program is for students who want a government university degree without attending regular classes.

Why choose?

Students can earn an affordable and recognised MBA from a named university. Also, it is suitable for working professionals or fresh graduates.

ICFAI Business School – Online MBA

ICFAI Business School Online MBA – NAAC A++ accredited, UGC and AICTE approved 2-year fully online MBA program

The ICFAI is a renowned university for its industry-based and outcome-oriented curriculum. For example, the ICFAI online MBA program is an interactive course that uses experiential learning and case studies to promote hands-on assignments that will help the student grow real business skills. ICFAI is also a resource for career services and student resume editing.

Why choose this University?

ICFAI provides a strong foundation, and there are flexible academic options that support those interested in studying while working full-time.

Amity University Online

Amity University Online MBA – NAAC A+ accredited program with 19+ specializations, live sessions, and career support

Amity Online provides NAAC A+ accredited MBA programs. It has 19+ specialisations, including HR, IT, data science, and digital marketing.

In addition, you are getting 100% online learning from a premium learning management system featuring live sessions, plus career support services.

Why do I choose?

If you are looking for numerous specialisation choices with legitimate international-level infrastructure and quality, Amity Online is a wise choice.

Suresh Gyan Vihar University (SGVU) – Online MBA

Suresh Gyan Vihar University (SGVU) Online MBA – AICTE and UGC approved mba college

SGVU offers online MBA programs that are affordable and flexible. This university is approved by the AICTE and UGC. It offers specialisations in finance, operations, marketing, etc. Students also receive study material and recorded lectures.

Why Choose It?

It's best for someone who wants a low-cost version of an MBA without sacrificing content and flexibility.

Indira Gandhi National Open University (IGNOU) – Mumbai Regional Centre

IGNOU Mumbai Regional Centre – affordable government-recognized online MBA program

IGNOU is one of the most reputable names in distance education. Its online MBA program is quite cheap and available to students all over India. It offers basic specialisations and a guided learning path with printed materials and online classes.

Why select it?

IGNOU is ideal for anyone looking for a government-approved MBA at rock-bottom fees. It's also widely recognised by employers.

Symbiosis Centre for Distance Learning (SCDL)

Symbiosis Centre for Distance Learning (SCDL) – flexible online MBA program with self-paced learning and multiple specializations

SCDL is very well known for its flexible and self-paced MBA programs. SCDL offers specialisations in various areas like HR, business administration, international business, etc. The program comprises recorded lectures, online exams, and academic assistance.

Why opt for?

SCDL can appeal significantly to students looking for flexibility in terms of timeline, practical knowledge, and acknowledgement in the corporate world.

How to Decide: Matching Your Needs with the Top MBA College in Mumbai

Selecting an MBA college will depend on your professional goals and focus areas, how you want to learn, and the cost you are willing to incur. You can use the criteria below to provide a match between your requirements and the best-suited college for your future objectives.

New Graduates: SPJIMR, NMIMS, or JBIMS are amazing full-time programs.
Working Professionals: Use NMIMS Global, Amity Online, or ICFAI.
Looking for a Cost-Effective MBA: Explore Mumbai University, IGNOU, or SCDL.
Executive MBA in Mumbai: Consider Welingkar, K J Somaiya, or NMIMS.

Admission Process and Entrance Exams

Understanding the admission process and entrance exams will help you apply easily.

Offline MBA: Requires CAT, MAH-CET, XAT, NMAT, or CMAT.
Online/Distance MBA: Admission is mostly direct. Some may conduct internal tests.
Apply Early: Most applications open from October to March.

Placement and Career Opportunities

MBA colleges in Mumbai head the sector placements in finance, IT, marketing, and consulting.

Top Recruiters: HDFC Bank, ICICI, TCS, Accenture, EY, Infosys
Average Packages: 6 LPA range to 35 LPA range
Support: Colleges provide career guidance, resume workshops, and internship assistance.

Why Choose EduKyu for MBA Admissions in Mumbai?

Searching for the best colleges for an MBA in Mumbai? Our platform, EduKyu, will help you find the best college. The following are reasons for EduKyu:

Free Expert Counselling: Personalised one-on-one sessions to choose the right College for you
Verified Colleges: Tie-ups with institutions & colleges approved by UGC and AICTE
Complete Admission Support: Everything from the application to the interview, we help with everything
Max ROI: We will help you find the right college that suits your budget and career progression goals.

Conclusion

If you are looking to apply to the top 10 MBA colleges in Mumbai with a fee structure, or if you would rather be flexible and take an online option, Mumbai has it.

Choose your MBA route wisely, and may you find what you are looking for! Don't forget to check out EduKyu to find what would be the best approach for you!