Best MBA Colleges In Mumbai

190 MBA colleges in Mumbai offer MBA courses. Among them, 136 MBA colleges are privately owned, and public/government organisations own 11 MBA colleges. CAT, XAT, and CMAT are the most accepting entrance exams in the best MBA colleges in Mumbai. The National Institute of Industrial Engineering, IIT Bombay, and SPJIMR are Mumbai's most famous MBA institutes.

The revised position for some of the top MBA colleges in Mumbai is mentioned below:

• The National Institute of Industrial Engineering improved its ranking by shifting to 7 in 2023 compared to 9 in 2022.
• S. P. Jain, Institute of Management & Research, improved its ranking as it shifted to rank 20 in 2023 compared to 21 in 2022.

Latest Updates:

• The MAT 2024 registration process is ongoing for the PBT exam, and the last date to apply is February 20, 2024. The last registration dates for the IBT Phase 1 and CBT exams are February 21, 2024, and March 5, 2024, respectively.
• The XAT exam will be held on January 7, 2024. 
• CAT exam 2023 results have been declared.
• CMAT 2024 registrations will likely start in February 2024. 
• MAT 2024 registrations are expected to begin in January 2024.
• The last date to complete the ATMA application form is February 11, 2024. The February ATMA exam will be conducted on February 18, 2024.

Best MBA Colleges in Mumbai : Highlights 2024

MBA is one of the most popular post-graduate programs in Hyderabad. The two-year program is a gateway to many job opportunities in the corporate world. Students from any background, including Science, Commerce, and Humanities, can pursue an MBA. Such students should also possess essential skills such as excellent communication, leadership, problem-solving, management, research-oriented, strong mathematical skills, etc.

Particulars	Parameters
No. of Colleges	190
Annual Fees	INR < 1 lakh: 3 colleges INR 1-2 lakh: 15 colleges INR 2-3 lakh: 25 colleges INR 3-5 lakh: 30 colleges INR > 5 lakh: 80 colleges
Top Specialisations	Finance, Sales & Marketing, HR, BA, etc.
Accepted Entrance Exams	CAT, XAT, CMAT, MAT, etc.

How can a candidate gain admission to top MBA colleges in Mumbai?

The eligibility criteria for the MBA courses may differ from college to college. However, the essential eligibility criteria for top MBA colleges in Mumbai are as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as some essential eligibility criteria for MBA (full-time).
• Most institutes follow the minimum score criteria for graduation, which is 50 percent on average or equivalent. For reserved category students, the minimum score is 45 percent in aggregate.
• Final-year graduation candidates are also eligible to apply for an MBA, provided they present proof of completion of graduation within the duration specified by the institute.

What are the entrance exams for MBA colleges in Mumbai?

The two most popular entrance exams accepted in MBA College in Mumbai are:

• XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur, for admission to MBA/PGDM programs. XAT preparation needs at least six to nine months. Being one of the toughest MBA entrance exams among its peers, XAT requires dedicated time and effort.
• CAT: The Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude. The preparation for the CAT exam should include phase-wise completion of the CAT syllabus, mock test practice, and revision.
• MAT: The Management Aptitude Test, or MAT, is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September, and December. MAT exam is conducted offline (Paper-based test or PBT), online (Computer-based Test or CBT), and remotely proctored (internet-based Test or IBT) modes.

Exam Name	Dates	Schedule
CAT Exam 2023	26 Nov ‘23	CAT Schedule
XAT Exam 2024	7 Jan ‘24	XAT Schedule

Which is the best college for an MBA in Mumbai?

The National Institutional Ranking Framework (NIRF) ranks colleges every year. The ranking is based on parameters, and ranking changes yearly depending on the college/university's performance on infrastructure, placements, faculty, etc.

College Name	NIRF 2021	NIRF 2022	NIRF 2023
IIM Mumbai (formerly known as NITIE)	12	9	7
IIT Bombay	10	11	10
SPJIMR	19	21	20
NMIMS	22	25	21
KJ Somaiya Institute of Management	56	71	45

What are the top Private MBA colleges in Mumbai?

College Name	Total Tuition Fee/Seat Intake	Entrance Exam/Eligibility
SPJIMR Admission	INR 20 lakh - INR 22 lakh Seats: 780	Entrance Exam: CAT Graduation with 50% aggregate
NMIMS Admission	INR 8 lakh- INR 24 lakh Seats: 990	Entrance Exam: NMAT Graduation with 50% aggregate
Welingkar Institute of Management Admission	INR 94,000 - INR 14 lakh Seats: 12,830	Entrance Exam: CAT, XAT, CMAT, ATMA Graduation with 50% aggregate
K J Somaiya Institute of Management Admission	INR 17 lakh Seats: 660	Entrance Exam: CAT, XAT, NMAT, CMAT Graduation with 50% aggregate

What are the top Govt. MBA colleges in Mumbai?

Public Colleges	Total Tuition Fee/Seat Intake	Entrance Exam/Eligibility
IIT Bombay Admission	INR 8 lakh - INR 20 lakh Seats: 172	Entrance Exam: CAT Graduation with 60% aggregate
IIM Mumbai (formerly known as NITIE) Admission	INR 9 lakh Seats: 338	Entrance Exam: CAT, GATE Graduation with 50% aggregate
Sasmira’s Institute of Management Studies Admission	INR 4 lakh Seats: 120	Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate
University of Mumbai Admission	INR 2 lakh Seats: 8,768	Entrance Exam: CAT, MAT, XAT, MAH CET Graduation with 45% aggregate

What is the Average Fee of the Best MBA Colleges in Mumbai?

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.

College Name	Total Tuition Fee	Average Median Package
IIT Bombay MBA	INR 8 lakh - INR 20 lakh	INR 27 LPA
IIM Mumbai (formerly known as NITIE) MBA	INR 9 lakh	INR 21 lakh - INR 31 LPA
SPJIMR MBA	INR 20 lakh - INR 22 lakh	INR 25 LPA - INR 33 LPA
NMIMS MBA	INR 10 lakh	INR 19 LPA

Which top MBA colleges in Mumbai have the best placements?

College Name	Average Package	Top Recruiters
IIM Mumbai (formerly known as NITIE) Placements	INR 21 lakh - INR 31 LPA	Google, Amazon, HUL, ITC, Nestle, Mondelez, Marico, JnJ, General Electric
IIT Bombay Placements	INR 27 LPA	Microsoft, Google, TCS, Infosys, Apple, Tech Mahindra, Cognizant
SPJIMR Placements	INR 25 LPA - INR 33 LPA	TCS, Deloitte, Accenture Strategy, Mahindra, GMC, HUL, P&G.
NMIMS Placements	INR 19 LPA	Goldman Sachs, Pidilite, Marico, Dabur, Asian Paints, ITC.