NIRF #3GovernmentIndian Institute of Technology Bombay
4.8Mumbai, Maharashtra • Est. 1958
Fees (1st yr)
₹2.3 L – ₹9 L
Avg package
₹23.5 LPA
JEE AdvancedGATECEED
Top MBA Colleges in Mumbai 2026
Mumbai · Management · Updated for 2026 admissions
7
Colleges
₹5.9 L
Average fees / yr
₹21.1 LPA
Average package
₹367 LPA
Top package
Looking for the best MBA colleges in Mumbai? Here are 7 top MBA colleges in Mumbai for 2026, ranked by NIRF and rating. Fees range from ₹1.3 L to ₹24 L per year, average placements are around ₹21.1 LPA and admission is through CAT, MAH MBA CET, XAT, CMAT. Compare fees, cutoffs and placements below, then book free admission counselling with Digital Shiksha.
Popular entrance exams: CAT · MAH MBA CET · XAT · CMAT
7 MBA Colleges in Mumbai — ranked
1 NIRF #3Government
NIRF #3Government2
NIRF #21Deemed
NIRF #21DeemedNMIMS School of Business Management
4.5Mumbai, Maharashtra • Est. 1981
Fees (1st yr)
₹4 L – ₹24 L
Avg package
₹23 LPA
NMATNPATCLAT
3
NIRF #38Government
NIRF #38GovernmentJamnalal Bajaj Institute of Management Studies
4.7Mumbai, Maharashtra • Est. 1965
Fees (1st yr)
₹6 L
Avg package
₹25 LPA
MAH MBA CETCAT
4
NIRF #53Deemed
NIRF #53DeemedK. J. Somaiya Institute of Management
4.3Mumbai, Maharashtra • Est. 1981
Fees (1st yr)
₹11 L – ₹11.5 L
Avg package
₹12 LPA
CATXATCMAT
5Private
PrivateS. P. Jain Institute of Management & Research
4.8Mumbai, Maharashtra • Est. 1981
Fees (1st yr)
₹12.3 L – ₹12.5 L
Avg package
₹33 LPA
CATXATGMAT
6
Government
GovernmentSydenham Institute of Management Studies (SIMSREE)
4.6Mumbai, Maharashtra • Est. 1983
Fees (1st yr)
₹1.3 L – ₹1.4 L
Avg package
₹20 LPA
MAH MBA CET
7Private
PrivateWelingkar Institute of Management (WeSchool)
4.3Mumbai, Maharashtra • Est. 1977
Fees (1st yr)
₹4.6 L – ₹4.8 L
Avg package
₹11.5 LPA
MAH MBA CETCATXAT
FAQs: MBA Colleges in Mumbai
Digital Shiksha lists 7 MBA colleges in Mumbai for 2026 admissions, including IIT Bombay, NMIMS Mumbai, JBIMS.
Indian Institute of Technology Bombay is among the top MBA colleges in Mumbai with NIRF rank 3. Other popular options are NMIMS Mumbai, JBIMS, KJSIM.
Annual fees range from ₹1.3 L to ₹24 L, with an average of about ₹5.9 L per year. Government colleges are usually the most affordable.
Most MBA colleges in Mumbai admit students through CAT, MAH MBA CET, XAT, CMAT. Check each college page for exam-wise cutoffs.
The average package is around ₹21.1 LPA and the highest package offered is ₹367 LPA.
Shortlist colleges by fees, cutoff and placements, apply through the relevant entrance exam / CAP round, and talk to a Digital Shiksha counsellor for free guidance on +91 8149 68 9468.