- Jul 19, 2024
- 18 min read
Best MBA Colleges In Mumbai
Discover the top MBA colleges in Mumbai, and why you should study there
Mumbai at night: could an MBA at one of Asia's biggest economic hubs launch your business career? ©Sanjog Mhatre/iStock
Mumbai is a financial powerhouse located on India’s West coast. If you’re planning on applying to business school, you’ll find well-known and emerging top b-schools in this bustling city of culture.
A growing number of Indian MBA candidates are now choosing to study on home soil, drawn by affordability and a growing range of program specializations targeting niche and growth sectors.
As the GMAC Prospective Student Survey 2024 points out, business schools are positioned well to adapt to the growth in STEM preferences among Indian candidates. Many of Mumbai's top educational institutions have strong reputations for research and a focus on technology and sciences.
In a city with an estimated population of 12.5 million, there’s always something to do, see or learn. Just a stone’s throw from many respected MBA colleges and management institutes are beautiful beaches, national parks and several UNESCO World Heritage sites. The city’s position as the heart of India’s entertainment and media industry is reflected in the related and less commonly found MBA programs that can be studied in Mumbai.
However, first and foremost, Mumbai’s position as a hub for trading and a center of India’s financial activity makes the city an attractive prospect for aspiring MBA students. The city attracts aspiring professionals who want to study and build a network with the BSE, banks and multinational companies such as GSK, Barclays and Tata Consulting on their doorstep.
Will you choose a business education that makes you a Mumbaikar?
Introducing the top MBA Colleges in Mumbai
Ready to pursue an MBA and need to narrow your list of business schools, management colleges and IIMs in Mumbai? Read on to take notes from profiles of 20 top b-schools, each with essential information to note.
Arranged alphabetically, you can find out about MBA fees in Mumbai, check your eligibility and criteria for entrance exams. Read on to consider your top priorities for where to apply for an MBA in Mumbai.
1. Amity Global Business School Mumbai
©Amity Global Facebook
Programs PGPM+MBA
Entry exams MAT, XAT, CAT, State Level MBA Entrance Exam - or Amity Common Admission Test (AMCAT)
Structure Full time, 24 months
Annual Intake Unstated
Fees INR 4,00,600 for two years (approx. $2,700)
Need-to-know MBA students at the Amity Global Business School Mumbai Malad campus follow a PGPM+MBA program. Alongside academic study, the program offers personality development training in areas such as business etiquette, there is also an innovation incubator.
Those with global working ambitions will be interested in the compulsory foreign language progams and optional study abroad program, which gives the option to study in locations such as London, Dubai and Singapore. In the past, Amity students have been placed with companies including Vodafone, Radisson Hotels and Ford.
Apply Amity Global Business School
2. Dr Mar Theophilus Institute of Management Studies, Navi Mumbai
Programs PGDM - Global Finance & Fintech, International Marketing, Human Capital Management, Supply Chain Management, International Business Management
Entry exams CAT, MAT, XAT, CMAT, ATMA and CET
Structure Full time, 24 months
Annual Intake 120
Fees (tuition) INR 6,00,000 (approx. $7,200)
Need-to-know AICTE-approved Dr Mar Theophilus Institute of Management Studies ranks ninth in the IIRF Ranking 2024 Top Emerging Business Schools. PGDM students here have the option to take a dual degree. The Institute also offers graduates the ability to gain a European University MBA Degree through credit transfer. Recruiters collaborating with Dr Mar Theophilus Institute of Management Studies include Johnson & Johnson, Nielsen and BNP Paribas.
Apply Dr Mar Theophilus Institute of Management Studies
3. ICFAI Business School, (IBS Mumbai)
Programs PGPM
Entry exams GMATTM, NMAT, CAT, XAT, IBSAT
Structure Full time, 24 months
Annual Intake Unstated
Fees INR 9,09,000 (approx. $10,900)
Need-to-know ICFAI Business School offers a PGPM at its Mumbai campus and ranks at number 66 in the 2024 IIRF best private b-schools. A dedicated language lab and experiential labs here help students to develop essential soft skills. Top recruiters that hired from the IBS Business School include BlackRock Services, Deloitte Consulting and PNB Housing Finance.
Apply ICFAI Business School (IBS Mumbai)
4. Indian Institute of Management Mumbai (formerly NITIE, Mumbai)
©IIM Mumbai Facebook
Programs MBA, MBA Sustainability Management, MBA Operations and Supply Chain Management
Entry exams CAT and GMAT
Structure Full time, 24 months
Annual Intake MBA - 300; MBA Sustainability Management / MBA Operations and Supply Chain Management -180
Fees (tuition) INR 14,00,000 (approx. $16,800)
Need-to-know The National Institute of Industrial Engineering (NITIE) was established by the Government of India in 1963, it became the 21st IIM and changed its name in 2023. It is ranked top ten by both the IIRF, ranking eighth in Government B-Schools 2024. In the NIRF it ranked seventh in the Best Management School ranking, 2023.
The school collaborates with prestigious international institutions such as MIT and Kellogg School of Management. It also has memorandums of understanding in place with worldwide universities including University of Durham and Ecole Centrale De Lille. Recruiters that hire from IIM Mumbai include Apple, Accenture, Infosys, Tata Power, Puma.
Apply Indian Institute of Management Mumbai
5. Indian Institute of Technology Bombay, Shailesh J Mehta School of Management
©Shailesh J Mehta Facebook
Programs MBA, Executive MBA
Entry exams CAT and GMAT
Structure MBA - full time, 24 months; Executive MBA - part time, 18 months
Annual Intake 152 in current batch
Fees (admission, semester and academic) INR 18,49,400 (approx. $22,100)
Need-to-know Ranking in tenth position in the IIRF 2024 for Government B-Schools and in the same position in the NIRF 2023 Best Management Schools. Covering core areas like finance, accounting, operations and HR the MBA program also prepares individuals for technology management with core courses in areas such as Technology Policy and R&D management.
There’s also the option of completing an Executive MBA in association with Olin Business School, Washington University in St. Louis. Recruiters such as Bank of America, HSBC, Cisco, Dell, and P&G have hired from IIT Bombay, SJMSOM.
Apply IIT Bombay, Shailesh J Mehta School of Management
6. Institute for Technology and Management (ITM), Navi Mumbai
©ITM Facebook
Programs MBA Marketing, International Business, Human Resources Management, Operation and Supply Chain Management, Fintech, Digital Marketing and Media Management, Business Analytics, Retail Management & e-Comm
Entry exams XAT, GMAT, Symbiosis National Aptitude Test (SNAP), MAT, CAT
Structure Full time, 24 months
Annual intake Unstated
Fees MBA International Business INR 15,45,000 (approx. $18,500, inclusive of global immersion program fee), other MBAs INR 11,95,000 (approx. $14,300)
Need-to-know In the IIRF ranking of Best Private B-Schools in 68th position, this school previously offered a PGDM program approved by AICTE. In 2024 the school switched to offering an MBA under ITM’s Skills University, which is UGC approved.
MBA students here can choose from an impressive ten specializations across including core and tech topics. There’s also the option to build further skills with add-on certifications awarded by the likes of SAP, Google and KPMG. Hiring firms include Accenture, Amazon and UBS.Apply ITM Business School
7. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
©JBIMS Mumbai
Programs Part-time MBA for working people, also Masters in Management Studies
Entry exams MAH-MBA, CET
Structure Full time, 24 months; part time, 36 months
Annual intake 150-160 on the MBA program; 60 - 120 across part-time specializations
Fees (unconfirmed by school): INR 6,00,000 (approx. $7,200) - INR 7,00,000 (approx. $8,400)
Need-to-know JIBMS has a prestigious heritage, offering India’s first full time two-year Masters in Management studies (MMS). Founded in 1965 by the University of Mumbai, the school is 19th in the IIRF 2024 ranking of Government B-schools. The school collaborates with key recruiters including Accenture, Deloitte, Bank of America and Sodexo.
Apply JBIMS Jamnalal Bajaj Institute of Management Studies
8. K.J. Somaiya Institute of Management, Somaiya Vidayavihar University, Mumbai
Programs MBA, MBA Healthcare Management, MBA Sports Management
Entry exams CAT, XAT, CMAT, NMAT, GMAT
Structure MBA - full time MBA, 24 months; Executive MBA - full time, 15 months
Annual Intake MBA - 600+; MBA Healthcare Management - 30; MBA Sports Management - 40; Executive MBA - 30
Fees: MBA & MBA Healthcare Management - tuition fees INR 17,28,829 (approx. $20,700), MBA Sports Management - INR 10,92,000 (approx $13,000), Executive MBA INR 9,54,261 (approx. $11,400) tuition fees
Need-to-know Ranking ninth in the IIRF Top 50 Business Schools in the University Program category, and eleventh in the Research metric, it also ranks 45th in the NIRF 2023 rankings. The Institute has a relationship with Imperial College, UK, which conducts workshops here. The programs emphasize experiential learning with connections to hospitals and social organizations. MBA grads have moved into roles for companies including GSK, Kantar, Barclays Bank and Pepsico.
Apply K.J. Somaiya Institute of Management, Somaiya Vidyavihar University
9. Lala Lajpatrai Institute of Management, Mumbai
Programs Master of Management Studies
Entry exams CET, CAT, CMAT, XAT, ATMA, MAT
Structure Full time, 24 months
Annual Intake approx. 240
Fees: INR 2,78,572 (approx. $3,300) tuition fees only
Need-to-know The LLIM campus can be found at the Haji Ali Sea Face next to the Arabian Sea. The Institute ranked 88th in the IIRF Top MBA Colleges in India 2024 for Best Private B-Schools.
Those studying the MMS program here take compulsory subjects in the first year with specializations of marketing, finance, human resources and operation management available in second year. Among the recruiters LLIM collaborates with for placements are the Hindustan Times, HSBC, Nestle India, Tata Consultancy Services and Axis Bank.
Apply Lala Lajpatrai Institute of Management
10. N. L. Dalmia Institute of Management Studies and Research, Mumbai
©N. L. Dalmia Facebook
Programs PGDM, PGDM Finance, PGDM Business Analytics, Global MBA
Entry exams CAT, XAT, CMAT, MAT, ATMA, GMAT, N. L Dalmia Aptitude Test for Global MBA
Structure Full time, 24 months
Annual Intake Unstated
Fees: PGDM - INR 16,200,00 (approx. $19,400), Global MBA - unstated
Need-to-know N. L. Dalmia Institute of Management Studies and Research (NLDIMSR) offers PGDM programs with specializations in finance and business analytics. It is ranked eleventh in the IIRF 2024 ranking for Best B-schools (Research).
Students can also choose an AACSB accredited Global MBA program with second year students at the University of Wisconsin, Parkside Campus. Placement partners include Bloomberg, Tata Motors, Abbott, Citibank and DHL.
Apply N. L. Dalmia Institute of Management Studies and Research
11. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
©NMIMS Mumbai Facebook
Programs MBA Human Resources, Pharmaceutical Management, Health Care Management, Digital Transformation, Business Analytics, MBA & Master of Global Management
Entry exams NMAT by GMAC (and Pharma Aptitude Test)
Structure Full time, 24 months
Annual Intake MBA - 600; MBA Human Resources - 120; Business Analytics - 120; Digital Transformation - 60; Pharmaceutical Management - 120; Health Care Management - unstated; MBA & Master of Global Management - unstated
Fees (for academic year 2024): MBA / MBA Human Resources INR 11,95,000 (approx. $14,300); MBA Pharmaceutical Management / Business Analytics / MBA Digital Transformation INR 10,00,000 (approx. $12,000); MBA Health Care Management - unstated; MBA & Master of Global Management first year in Mumbai INR 11,95,000 (approx. $14,300) second year in Arizona State University – $53,000 (approx INR 44,30,454)
Need-to-know The AACSB-accredited MBA at School of Business Management (SBM) of SVKM's NMIMS was ranked 83rd in the Financial Times Business School Rankings 2023. NMIMS also ranks in fourth place in the IIRF Top 50 Business Schools Under University Program category and seventh in the IIRF in Research.
The highly-competitive MBA at NMIMS has an acceptance rate of less than 1% of applications every year.Some electives and workshops on the program are offered by or in collaboration with industry partners. Recent partnerships include Google and Ernst Young and internship and placement partners include American Express, Google, Fujitsu and IBM.
Apply NMIMS Mumbai, School of Business Management
12. Principal L N Welingkar Institute of Management Development and Research
©Prin L N Facebook
Programs PGDM. PGDM e-Business, Business Design, Healthcare, Retail Management. Rural Management. Media & Entertainment, Research & Business Analytics
Entry exams CAT , XAT , ATMA, CMAT, GMAT
Structure Full time, 24 months
Annual Intake PGDM 180 PGDM E-Business - 120; PGDM Business Design / Healthcare / Retail Management / Rural Management / Media & Entertainment - 60; PGDM Research & Business Analytics - 120
Fees INR 14,00,000 (approx. $16,800)
Need-to-know The Principal L N Welingkar Institute of Management Development and Research Mumbai is part of the aegis of S.P. Mandali Trust. Candidates for the AICTE-approved PGDM here can specialize in less common subjects such as Retail Management and Media & Entertainment.
The program has visiting faculty from the likes of IBM, PWC and Tata International. There are also guest talks, workshops and lectures from guest faculty including University of Mumbai professors, industry professionals from companies such as Google, and professors from overseas universities such as Lincoln International Business School, and the Australian National University.
Apply Principal L N Welingkar Institute of Management Development and Research
13. Sasmira's Business School, Mumbai
Program PGDM with major or minor specialization
Entry exams CAT, MAT, XAT, CMAT, ATMA, MAH – CET
Structure Full time, 24 months
Annual Intake 120
Fees INR 700,000 (approx. $8,400)
Need-to-know Ranking 110th in the IIRF Ranking 2024 Best Private B-Schools, Sasmira Business School offers an AICTE-accredited PGDM program. Students here are able to take major or minor specializations with a wide variety and lesser found minors including Rubber Industry, Textile Industry, Pharmaceuticals Industry and Films and Mass Media, as well as Production Management and Operations, Banking, Financial Services and Insurance (BFSI).
Apply Sasmira's Business School
14. SIES College of Management Studies
©SIES Facebook
Programs PGDM, PGDM Pharma, PGDM-Biotech
Entry exams CAT, CMAT, MAH-CET, GMAT, XAT, MAT, ATMA
Structure Full time, 24 months
Annual Intake PGDM - 120, PGDM Pharmaceutical Management - 60, PGDM Biotechnology Management - 30
Fees: PGDM - INR 10,00,000 (approx. $12,000), PGDM Pharma/Biotech INR 800000 (approx. $9,600)
Need-to-know Part of the South Indian Education Society (SIES) all three PGDPM programs are AICTE-approved. The curriculum incorporates international conferences and faculty sessions and there’s also a global immersion program, live field project and students can take part in the Entrepreneurship Development Program by Wadhwani Foundation. Industry partners for recruitment include JP Morgan, Wella, Ipsos, Deloitte and Nestle.
Apply SIES College of Management Studies
15. Sydenham Institute of Management Studies, Research And Entrepreneurship Education (SIMSREE) Mumbai
@Sydenham/Facebook
Program MMS
Entry exams MBA CET, CMAT, CAT, MAT, ATMA
Structure Full time, 24 months
Annual Intake 180
Fees INR 1,34,000 (approx. $1,600) for course and tutorial fees
Need-to-know SIMSREE is ranked 25th in the IIRF Ranking 2024 for Government B-Schools and offers a two-year postgraduate AICTE-accredited degree course in affiliation with and under the direction of the University of Mumbai.
Members of the core faculty here have real-world experience of management positions in core sectors. Visiting faculty include TEDx speakers and those in prominent positions with firms such as Morgan Stanley, Google, Tata Consultancy Services and Accenture.
Apply Sydenham Institute of Management Studies, Research And Entrepreneurship Education (SIMSREE)
16. SP Jain Institute of Management & Research (SPJIMR)
©SPJIMR Mumbai Facebook
Program PGDM, PGDM in Business Management, Post Graduate Executive Management Program
Entry exams CAT and GMAT
Structure PGDM - full time, 24 months; Executive - weekends, 21 months (also an online option over two years)
Annual Intake PGDM - 240, PGDM Business - 120
Fees PGDM / PGDM Business - INR 24,00,000 (approx. $28,000) This includes tuition fees, basic hostel/accommodation and Global Fast Track (GFT). It does not include the cost of travel, boarding, lodging, visa, insurance and incidentals for the Global Fast Track (GFT).
PGDM Online - INR 10,00,000 (approx. $12,000)
Need-to-know SPJIMR is rated highly by a number of respected rankings. The Institute's PGDM claimed 40th place in the Financial Times Masters in Management Ranking 2023, and ranked eighth globally and second in India using the career services criteria, which focuses on how effective career services are in supporting placements. It also ranked fourth in the IIRF 2024 in Research, and claimed a number one ranking in the state for research and employability.
Top global recruiters who hire from SPJIMR include KPMG, American Express, Tata Digital, P&G, Nestle and Deloitte.
Apply SP Jain Institute of Management & Research (SPJIMR)
17. SP Jain School of Global Management
©SP Jain Facebook
Program Global MBA, Executive MBA
Entry exams GMAT, GRE, CAT, SPJAT
Structure Global MBA - 12 month full time, Executive MBA 18-month part time virtual
Annual Intake PGDM - 240, PGDM Business - 120
Fees Fee structures differ depending on time and locations of campus selection due to visas and other costs. For example, tri-city singapore, sydney and dubai tuition fees only INR 2,638,340.88 twin city etc differs, executive MBA 24 - INR 14,86,800 (approx. $17,800)
Need-to-know For those who want to spend some time experiencing business cultures overseas, SP Jain School of Global Management’s Global MBA is a 12-month full time program designed for professionals with over two years of work experience.
The MBA offers the opportunity for multi-country study, exposing students to different business cultures, practices and networks. The School collaborates with top global recruiters including Ernst & Young, Cedar Consulting and Amazon and states that 52% of the batch of 2023 moved into international placements.
Apply SP Jain School of Global Management
18. Vijay Patil School of Management, Navi Mumbai
Programs MBA - Artificial Intelligence & Machine learning, Aviation & Transport Analytics, Banking and Finance, Fintech Analytics, Hospital & Healthcare Management, Maritime Transportation Analytics, Sports Management, Strategic Marketing & Artificial Intelligence, Supply Chain Management Analytics
Entry exams CAT / GMAT / XAT / GRE
Structure Full time; 24 months
Annual Intake 300
Fees Approx. INR 14,00,000 (approx. $16,800)
Need-to-know With a broad and interesting range of MBA programs that includes several artificial intelligence specializations, it’s easy to see why Vijay Patil School of Management took first position in the IIRF 2024 Top Emerging Business Schools.
Programs are delivered in collaboration with Harvard Business School Online and incorporate interactive learning and real-world scenarios. VPSM placement partners include Atos Syntel, sos Consulting services, ICICI Bank, Radisson, Philips and KPMG.
Apply Vijay Patil School of Management
19. Vivekanand Education Society’s Business School, Mumbai
©VESIM Mumbai Facebook
Programs PGDM - Business Analytics, Banking & Finance, Marketing, Human Resource Management, Operation & Supply Chain Management, Entrepreneurship
Entry exams CAT, XAT, MAT, MH-CET, CMAT, GMAT, ATMA
Structure Full time; 24 months
Annual Intake 180
Fees INR 8,16,000 (approx. $9,800) tutorial fees only
Need-to-know The PGDM program at Vivekanand Business School is AICTE-approved and ranks 79th in the IIRF 2023 - best private b-schools ranking. There are a range of more traditional specializations available to choose from and a two-day outbound program assists in the development of soft skills and team working. Students also have the option to take part in an international immersion program. The Guru-Shishya Mentorship scheme here provides PGDM students with personalized one-to-one mentorship while they study. In 2021-23 the college collaborated with over 300 placement partners including dentsu, gsk, Ey, Thomson Reuters, accenture, deloitte.
Apply Vivekanand Education Society's Business School
20. Universal AI University
Programs MBA Single/Dual (EU Cert.), Foreign Collaboration, Business Management, MBA International Management, Business Design & Innovation, Executive MBA
Entry exams CAT, GMAT, CMAT, CET
Structure Full time; 24 months, Executive MBA - weekend/flexible learning
Annual Intake 180
Fees Single specialization INR 9,48,000 (approx. $11,400); Dual specialization INR 10,98,000 (approx. $13,100), Dual specialization European Certification (one month in Europe), INR 11,98,000 (approx. $14,300); Executive MBA INR 14,32500 (approx. $17,100) (including application, seat reservation and academic fees)
Need-to-know The Universal AI University campus is set across 40 acres surrounded by nature. The MBA programs have been designed and are delivered in collaboration with industry CEOs and a common thread of working with AI runs through the different programs.
The AICTE-approved MBA Foreign Collaboration is delivered in partnership with Cardiff Metropolitan University in the UK. According to the University, there was a 98% success rate for placements for the Class of 22, with students moving into roles with recruiters such as KPMG, EY, Accenture, Unilever and Citibank.
Apply Universal AI University
All information is sourced from school websites where possible but it is subject to change. Check school websites and with admissions teams for full, up-to-date details before application.
