Best MBA Colleges in Mumbai Top Ranking

Best MBA Colleges in Mumbai Top Ranking

The top MBA colleges in Mumbai for 2026 admissions remain among India’s premier business schools, driven by Mumbai’s role as the country’s financial and corporate hub. These institutions offer excellent placements (especially in finance, consulting, marketing, and tech), strong alumni networks, and proximity to recruiters.

Rankings are based on the latest available data (primarily NIRF 2025 Management Rankings from the Ministry of Education, along with IIRF 2025, Business Today 2025, Outlook-ICARE, and other credible sources like Shiksha, MBAUniverse, and Collegedunia as of early 2026). NIRF is the most authoritative government ranking.

Top MBA Colleges in Mumbai (Ranked by NIRF 2025 & Overall Consensus)

1. Indian Institute of Management Mumbai (IIM Mumbai)
   • Formerly NITIE (National Institute of Industrial Engineering).
   • NIRF 2025 Rank: 6 (national) – consistently top 6–9 in recent years.
   • Other Rankings: IIRF 2025 – 9th (national); strong in operations/supply chain.
   • Flagship Program: MBA (specializations: Operations, Supply Chain, Analytics, Finance, etc.).
   • Admission: CAT (cutoff ~97–99+ percentile).
   • Fees: ~₹21–25 Lakhs (2 years).
   • Average Package: ₹29–34 LPA (highest often ₹40–50+ LPA).
   • Top Recruiters: Accenture, Deloitte, EY, McKinsey, Amazon, HUL, Axis Bank, KPMG.
   • Why Top? Government-backed prestige, exceptional ROI, and dominance in operations/analytics.

Best MBA Colleges in Mumbai Top Ranking

1. S.P. Jain Institute of Management and Research (SPJIMR)
   • NIRF 2025 Rank: 20 (national).
   • Other Rankings: Often #1 private B-school (IIRF 2025); top 3–5 in private surveys; FT Global MBA 2026 – #74 (PGPM, highest new entrant); Business Today – top 5.
   • Flagship Program: PGDM (Marketing, Finance, Operations, Information Management).
   • Admission: CAT/GMAT (cutoff ~85–95+ percentile).
   • Fees: ~₹22.5–26.5 Lakhs (2 years).
   • Average Package: ₹32–33 LPA (highest up to ₹81 LPA in reports).
   • Top Recruiters: McKinsey, BCG, Accenture, Deloitte, HUL, Godrej, ITC, P&G.
   • Why Top? Innovative pedagogy, experiential learning, global exposure, and strong societal impact focus.
2. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
   • NIRF 2025 Rank: 14 (national).
   • Other Rankings: Top 10–20 nationally.
   • Flagship Program: MBA (tech, operations, analytics focus).
   • Admission: CAT (cutoff ~95–99+ percentile).
   • Fees: ~₹10–14 Lakhs (2 years).
   • Average Package: ₹25–28 LPA.
   • Top Recruiters: Google, Amazon, Microsoft, Deloitte, Accenture, Flipkart.
   • Why Top? IIT brand strength, tech/management integration, and excellent ROI.

Best MBA Colleges in Mumbai Top Ranking

1. Jamnalal Bajaj Institute of Management Studies (JBIMS)
   • NIRF Rank: Not separately ranked (affiliated to Mumbai University), but often top 10–20 nationally in placement/ROI lists.
   • Other Rankings: Frequently called the “CEO Factory”; top ROI in private surveys.
   • Flagship Program: MMS (equivalent to MBA).
   • Admission: MAH CET (primary), CAT/CMAT/MAT/ATMA.
   • Fees: ~₹6–7 Lakhs (2 years) – unbeatable value.
   • Average Package: ₹18–26 LPA (highest ~₹35+ LPA).
   • Top Recruiters: Goldman Sachs, JP Morgan, McKinsey, Deloitte, HUL, ITC, Reliance.
   • Why Top? Lowest fees among elites + high packages due to Mumbai location.
2. SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) School of Business Management
   • NIRF 2025 Rank: ~21–24 (national; varies slightly by source).
   • Other Rankings: Top 20–30 nationally; strong private ranking.
   • Flagship Program: MBA (Finance, Marketing, Analytics, etc.).
   • Admission: NMAT.
   • Fees: ~₹25 Lakhs (2 years).
   • Average Package: ₹25 LPA+.
   • Top Recruiters: Deloitte, EY, KPMG, HDFC, ICICI, Amazon.
   • Why Top? Strong brand, diverse specializations, and corporate connections.

Other Notable Top MBA Colleges in Mumbai

• Tata Institute of Social Sciences (TISS) Mumbai — Excellent for HRM & LR (average ~₹26 LPA; CAT-based).
• K.J. Somaiya Institute of Management — NIRF ~65; good mid-tier (average ~₹12 LPA).
• Prin. L.N. Welingkar Institute of Management (WeSchool) — NIRF ~75; strong in design-thinking/marketing.
• BITSOM (BITS Pilani School of Management) — Emerging high-potential school.
• SDA Bocconi Asia Center — International PGDM with global focus.

Quick Advice for 2026 Admissions

• Admission Exams: CAT (for IIM Mumbai, SPJIMR, SJMSOM, etc.); NMAT (NMIMS); MAH CET (JBIMS, others).
• Best ROI: JBIMS (low fees + high packages).
• Highest Prestige/Placements: IIM Mumbai and SPJIMR.
• Tech/Operations Focus: IIM Mumbai, SJMSOM IIT Bombay.
• CAT 2026 registration opens ~August 2026; exam in November 2026.