In this article, we will discuss the top MBA colleges in Mumbai that are synonymous with ambitions, diversity, and opportunity. As India’s financial capital, Mumbai offers a very unique environment for management education that combines sharp academic rigour with unsurpassed industrial exposure.
Top MBA Colleges in Mumbai: All details, Admission & Fees
Mumbai is a hub for the finest business schools in the country, the MBA colleges in Mumbai attract aspirants from all over the world with many programs that aim to help achieve different professional goals.
Also, read the Best MBA Colleges in India 2024.
Achieving an MBA from Mumbai is about learning knowledge and networking, interacting with industry leaders, and preparing oneself to face a dynamic business world. This guide will help you make your way through top MBA colleges in Mumbai, their unique offerings, and how they can shape your professional journey.
The List of Top 10 MBA Colleges in Mumbai 2024
- SPJIMR
- JBIMS
- NMIMS
- KJ Somaiya Institute of Management
- SIMSREE
- WeSchool
- SJMSOM
- SIESCOMS
- MET Institute of Management
- ITM Business School
1) SP Jain Institute of Management and Research (SPJIMR)
The SP Jain Institute of Management and Research (SPJIMR) is one of the 1st best MBA colleges in Mumbai, established in 1981 by Bharatiya Vidya Bhavan. SPJIMR is globally known for innovative teaching with values-based leadership and is prepared to build up future leaders with the best two years of full-time MBA.
SPJIMR curriculum consists of cases, simulations, and projects related to real-world applications to implement theoretical knowledge in practical scenarios. The institute is also focused on globalization through its international immersion programs. With an average placement package of ₹ 26 LPA, SPJIMR remains at the top of the MBA aspirants’ list.
A friend who has had his MBA from SPJIMR, said that the global immersion programs and leadership workshops at the institute catapulted his career.
| Key Features | Details |
| Location | Andheri West, Mumbai |
| Average Fees | ₹20-22 Lakhs |
| Special Facilities | Leadership workshops, international immersion, excellent placement opportunities |
2) Jamnalal Bajaj Institute of Management Studies (JBIMS)
The Jamnalal Bajaj Institute of Management Studies (JBIMS) is one of the 2nd best MBA colleges in Mumbai which was founded in the year 1965 by the University of Mumbai. This institution has been termed the “CEO Factory,” since many leaders in the industry have been produced from here.
JBIMS focuses on practical learning and offers a curriculum rich in internships, live projects, and case studies. With cheap fees and a prime location in the heart of Mumbai, JBIMS attracts top recruiters like McKinsey, HUL, and Tata. The average placement package stands at ₹23 LPA.
A cousin who graduated from JBIMS pointed out how the institute’s powerful alumni network and industry tie-ups helped him secure leadership in a top organization.
| Key Features | Details |
| Location | Churchgate, Mumbai |
| Average Fees | ₹6-8 Lakhs |
| Special Facilities | Affordable fees, industry tie-ups, strong alumni network |
3) Narsee Monjee Institute of Management Studies (NMIMS)
The Narsee Monjee Institute of Management Studies (NMIMS) is one of the 3rd best MBA colleges in Mumbai which was established in 1981 by Shri Vile Parle Kelavani Mandal. NMIMS is known for its good academic programs with high tech infrastructure and a global outlook to management learning. They are offering various MBA programs under NMIMS, their specializations include finance, marketing, operations, and analytics. Situated in a glorious campus with modern infrastructure, the institute provides an excellent environment conducive to learning and innovation.
It offers a rigorous curriculum, combining theoretical knowledge with a practically applicable approach through live projects, internships, and case studies. NMIMS boasts an impressive placement record. The average package at ₹19 LPA, along with recruiters like Deloitte, PwC, and Amazon, ensure that the institute’s graduates are sought after.
A friend who completed his MBA from NMIMS shares that faculty exposure to the real world of problems and practical applications made him stand out in the corporate world.
| Key Features | Details |
| Location | Vile Parle West, Mumbai |
| Average Fees | ₹18-20 Lakhs |
| Special Facilities | Modern infrastructure, diverse programs, excellent placements |
4) KJ Somaiya Institute of Management
The KJ Somaiya Institute of Management is one of the 4th best MBA colleges in Mumbai which was established in 1981 by Padmabhushan Karamshi Jethabhai Somaiya. One such institute is famous for giving importance to wholesome education with entrepreneurial skills development. KJ Somaiya Institute provides a two-year full-time program of MBA in entrepreneurship, healthcare management, finance, and data science.
Its curriculum is aimed toward practical learning through research projects, leadership training, and industry interactions. The institute has a well-functioning placement cell that has placed graduates with an average package of ₹10 LPA and recruiters like Accenture, Capgemini, and HDFC Bank.
A cousin who did his undergraduate study at KJ Somaiya said that – the institute focused on entrepreneurship and leadership skills and told him to start business himself.
| Key Features | Details |
| Location | Vidyavihar, Mumbai |
| Average Fees | ₹10-12 Lakhs |
| Special Facilities | Entrepreneurial focus, research-driven curriculum, strong placements |
5) Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE)
The Sydenham Institute of Management Studies, Research, and Entrepreneurship Education (SIMSREE) is one of the 5th best MBA colleges in Mumbai. It was established by the Government of Maharashtra in the year 1983. SIMSREE is one of the most affordable and prestigious institutions for management education in the city. Management education specializations at SIMSREE include full-time MBA with specializations in finance, marketing, HR, and operations.
The institute couples core management principles with practical exposure that can be achieved through internships, case studies, and industry visits. With SIMSREE having a low fee structure, it always ensures effective return on investment for the students. The average placement package offered here is at ₹12 LPA, and recruiting companies include Nestle, HSBC, and Tata Group.
A friend mentioned that he chose this institute for his MBA after being referred about SIMSREE’s affordability and good contacts with the industry.
| Key Features | Details |
| Location | Churchgate, Mumbai |
| Average Fees | ₹2-4 Lakhs |
| Special Facilities | Affordable fees, practical learning approach, industry exposure |
Also, check CAT Full Form : Common Admission Test.
6) Welingkar Institute of Management Development and Research (WeSchool)
The Welingkar Institute of Management Development and Research is one of the 6th best MBA colleges in Mumbai (WeSchool) which was founded in the year 1977 by Shikshana Prasaraka Mandali. WeSchool is famous for its design thinking and unique pedagogies. The Institute conducts the full-time MBA programs based on specializations such as e-business, business analytics, media management, and so on.
Their curriculum integrates learning from the traditional method with modern techniques like case studies, simulations, and workshops. WeSchool has a strong placement cell and ensures proper connectivity with industries; most of their graduates get ₹8-10 LPA packages.
| Key Features | Details |
| Location | Matunga West, Mumbai |
| Average Fees | ₹8-10 Lakhs |
| Special Facilities | Innovative programs, design thinking focus, strong placements |
7) Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
The Shailesh J. Mehta School of Management, the management school of IIT Bombay (SJMSOM) is one of the 7th best MBA colleges in Mumbai. It was established in the year 1995. It is particularly noted for its distinct convergence of technology and management. SJMSOM offers an excellent MBA programme to upcoming leaders in the high-tech world of business. SJMSOM offers a two-year full-time MBA programme with specialization in finance, marketing, operations, and IT management.
The curriculum emphasizes innovation and analytics through the interaction of sessions in classrooms, industry projects, and global cases. As a part of IIT Bombay, it enjoys strong industry networks and cutting-edge research facilities at all places. SJMSOM boasts one of the best placement records with an average package of ₹ 20 LPA.
| Key Features | Details |
| Location | Powai, Mumbai |
| Average Fees | ₹10-12 Lakhs |
| Special Facilities | Integration of technology and management, strong IIT network, research-driven programs |
8) SIES College of Management Studies (SIESCOMS)
The SIES College of Management Studies (SIESCOMS) is one of the 8th best MBA colleges in Mumbai. It was established in 1995 by the South Indian Education Society. SIESCOMS is somehow relatively well known for affordable yet quality management education, thus becoming extremely popular among all MBA aspirants. SIESCOMS offers full-time MBA with specializations in finance, HR, marketing, and pharmaceutical management.
The institute focuses on skill development through live projects, internships, and industry-oriented workshops. With its strong placement cell and partnership with the companies of top class, SIESCOMS ensures good career opportunity for its students, with average package of ₹6-8 LPA.
| Key Features | Details |
| Location | Nerul, Navi Mumbai |
| Average Fees | ₹4-6 Lakhs |
| Special Facilities | Affordable programs, live projects, industry-oriented workshops |
9) MET Institute of Management
The MET Institute of Management is one of the 9th best MBA colleges in Mumba. It was established 1989 by Mumbai Educational Trust. The institutes have innovative programs and curriculum that create industry-ready professionals. The full-time MBA program at MET offers finance, marketing, systems, and operations options.
The curriculum is designed to hone analytical skills, along with leadership skills that are developed on real-world problem-solving. MET gives exposure to the corporate world through guest lectures, case studies, and internships. The average package for graduates is ₹6-7 LPA with top recruiters across different industries.
| Key Features | Details |
| Location | Bandra West, Mumbai |
| Average Fees | ₹6-8 Lakhs |
| Special Facilities | Practical learning, strong alumni network, corporate exposure |
10) ITM Business School
The ITM Business School is one of the 10th best MBA colleges in Mumbai which was established way back in 1991 under the banner of ITM Group of Institutions. Always seen as dedicated towards holistic education as well as readying industry-ready professionals, ITM provides students with full-time MBA courses accompanied by very diverse specializations in fintech, international business, and retail management.
Through case studies, simulations and live projects, the institute focuses upon experiential learning. ITM also lays emphasis upon international exposure through exchange programs abroad. Recruiters for its students have an average package of ₹5-7 LPA from the retail, banking and IT sectors.
| Key Features | Details |
| Location | Navi Mumbai |
| Average Fees | ₹5-7 Lakhs |
| Special Facilities | Experiential learning, international exchange programs, diverse specializations |
FAQs on MBA Colleges in Mumbai
Q1 What are the best MBA colleges in Mumbai?
Ans. The best MBA colleges in Mumbai are SP Jain Institute of Management and Research (SPJIMR); Jamnalal Bajaj Institute of Management Studies, JBIMS; Narsee Monjee Institute of Management Studies; and Shailesh J Mehta School of Management- IIT Bombay. These institutes are known to provide the most rigorous academic, industry, and placement quality.
Q2. What is the approximate fee charged by all other MBA colleges in Mumbai?
Ans. The fees for the various MBA colleges in Mumbai vary extensively.
- Thus, at premium institutions like SPJIMR and NMIMS, fees are at ₹18-22 lakhs.
- At affordable options of SIMSREE and SIESCOMS, the fees would range at ₹2-6 lakhs.
- The fees at most other colleges fall between ₹6-12 lakhs.
Q3. Are there cheap MBA colleges in Mumbai?
Ans. Yes, such a number of affordable MBA options exist in Mumbai without compromising on quality. Some of the institutes that are good at affordable fees include SIMSREE, SIESCOMS, and ITM Business School, which makes them accessible to the larger section of students.
Q4: Do the MBA colleges in Mumbai provide placement support?
Ans. Yes, all reputable colleges providing MBA in Mumbai have specific placement cells. Such cells have a widespread network with industries and align internships. Above all, campus placements are conducted by the placement cell. Top recruiters include Deloitte, McKinsey, Amazon, and Tata who recruit students from Mumbai’s MBA colleges regularly.
Q5: Can I get an MBA in Mumbai with part-time or online courses?
Ans. In fact, most colleges in Mumbai offer MBAs with options of part-time or online professional courses. NMIMS, SPJIMR, and ITM Business School provide the flexibility to suit the needs of working professionals.
Conclusion
This is “Mumbai,” the “City of Dreams,” not only a cultural and financial hub but a center of excellence for management education. MBA colleges in Mumbai offer unbeatable academic rigour mixed with industry exposure with excellent networking opportunities for any student.
This ranges from the SP Jain Institute of Management and Research to the more affordable SIMSREE and ITM Business School that welcomes the aspirations of very different students. If you have a dream to step into the management world, then you must avail all that Mumbai has to offer. You need to opt for an institution that fits your goals and strive hard for those opportunities which come on your way. Wish you all the very best for your MBA journey; may determination take you to great heights in professional life!
