Hello MBA aspirants, Today in this blog I would like to introduce you all about TOP MBA Colleges in Mumbai.

As we all know that Mumbai is an Economical and also Financial capital of India.

This gives a platform for all MBA Aspirants to get a lot of opportunities and expertise in this field. And also in Mumbai, more than 100+ BUSINESS schools are there, but not all are good.

Moreover, that’s why today I will tell you which college is worth as per the ROI (Return of Investment).

Further in Mumbai, the avg fees for the colleges are Much less compared to the rest of the states it’s only 4-10 lakhs. As a matter of fact, lots of headquarters of the top MNC’s are there.

Therefore it will also beneficial for getting a job easily.

However, I hope you will get your answers as per, why choose Mumbai for MBA ?

Additionally,You can check some top MBA colleges in Pune .

So, firstly let’s start one by one about the colleges which were as best as you get a decent job means an avg of 8-10 lakhs, subsequently here in Mumbai. There is two diff way of selecting one is MMS and other is PGDM. The simple diff is MMS given by Mumbai university and carrying an exam MH CET, with this exam score you will get seats, but for PGDM you will apply directly to the respected colleges who were providing PGDM with your any B school exams scores.

I think I sorted all things, so let’s start: –


  1. Jamnalal bajaj institute of management studies (JBIMS)
  2. Sydenham Institute of management studies and research
  3. IIT Bombay
  4. Narsee Monjee Institute of management studies, (NMIMS Mumbai)
  5. S. P. Jain Institute of management and research (SPJIMR)
  6. Tata Institute of social sciences (TISS)
  7. K. J. Somaiya Institute of management studies and research (KJ SIMSR)
  8. Welingkar Mumbai
  9. Sies Mumbai
  10. National Institute of industrial engineering (NITIE)
  12. FAQ’S

Jamnalal Bajaj Institute of management studies (JBIMS) –

This is the No 1 TOP MBA colleges in Mumbai as per ROI (return on investment), and called as JBIMS. In addition, it is also known as the CEO factory.

Establishments- 1965

Course provided- MMS (master in management studies), MHRD, MSC finance

Fees- 6 lakhs

Placement- Avg salary 18.76 lakh

Exams accepted- MH CET, CAT, CMAT

COLLEGE WEBSITE- https://jbims.edu/

Sydenham Institute of Management Studies And Research And Entrepreneurship Education (simsree Mumbai)


It is one of the oldest colleges & TOP MBA colleges in Mumbai, which was established in 1913. And given the name of that time governor of Mumbai George Sydenham Clarke. At that time, it was affiliate by Dr. Homi Bhabha state University.

However It also offers ug and pg courses in commerce and management, later in 2019.

It was de affiliated by Mumbai university. This college is located in Church gate. 

Establishments- 1913

Course provided- MMS (master in management studies)

Fees- 1.34 lakhs

Placement- Avg salary 10.97 lakh

Exams accepted- MH CET, CAT, CMAT

COLLEGE WEBSITE- http://simsree.org/



This institute is majorly known for engineering, In addition, this college provides management studies or an MBA which called as Shailesh j Mehta school of management. As the name says it’s a government B school with awesome ROI.

It is located at Powai in Mumbai.

Establishments- 1995

Course provided- MBA

Fees- 8.30 lakhs

Placement- Avg salary CTC 19 lakh

Exams accepted- CAT

COLLEGE WEBSITE- http://www.som.iitb.ac.in/

Narsee Monjee Institute of management studies, (Nmims Mumbai)


This college similarily is known for its intake and also infrastructure.

It conducts their exam NMAT, which have a-diff pattern and time frame.

In Addition, NMIMS gives a window of 3 months where you can apply for the exam and you can give almost 3 times but a gap of fifteen-day is mandatory between each attempt.

One good news is this exam is no negative marking. however you can take a chance like flukes. It has many campuses Mumbai, Bangalore, Hyderabad, Indore, Shirpur.

Located in Ville parle, Mumbai.

                                                                         Nmat paper pattern

SectionNo of questionsAllotted time
Language skills3222 min
Quantitative skills4860 min
Logical reasoning4038 min
Total120120 min

Establishments- 1981

Course provided- MBA, HRM, MBA pharmaceutical management.

Fees- 19.76 lakhs for MBA & MBA HRM, 12 lakhs for MBA pharmaceutical management

Placement- Avg salary 17 lakh

Exams accepted- NMAT

COLLEGE WEBSITE- http://nmims.edu/

S. P. Jain Institute of management and research (SPJIMR)


It is one of the private colleges that has a beautiful campus of 45 acres of Andheri, Mumbai. This college is as good as JBIMS. It was affiliated by Bharti vidya Bhavan.

Additionally, It is also one of the TOP MBA colleges in Mumbai.

Establishments- 1981

Course provided- PGDM (postgraduate diploma in management)

Fees- 17,50,000

Placement- Avg salary 17 lakhs

Exams accepted- cat, xat, GMAT

COLLEGE WEBSITE- https://www.spjimr.org/

Tata Institute of social sciences (TISS)-


This institute is Asia’s oldest institute.

This institute is run by Darobji Tata Trust.

It gives a degree in ma which is masters in arts, not an MBA but, it is equivalent to an MBA.

So don’t worry about the term. This college is best in hr as a specialization.

However, It has also 4 campuses Mumbai, Tuljapur, Hyderabad, Guwahati.

The main campus is located in Doenar, Mumbai.

Main campus is similarly TOP MBA colleges in Mumbai.

                                         Tiss net paper pattern

SectionsEnglishMath’s & logicGeneral Awareness
No of questions303040
Max marks (100)303040
Cut offnilnil35% (14)

  Tiss Mat paper pattern (compulsory for HRM students)

sectionsComprehensionData interpretationBusiness awareness
No of questions 15 FIFTEEN(15)15
Total marks
Cut offNIL (0)NILNIL

Establishments- 1936

Course provided- Ma in HRM

Fees- 1.05 lakhs

Placement- Avg salary 17 lakhs

Exams accepted- Tiss net

COLLEGE WEBSITE- https://www.tiss.edu/

K. J.Somaiya Institute of management studies and research (KJ SIMSR) –

source- somaiya vidyavihar

One of the best TOP MBA colleges in Mumbai with a big campuses 72 acres. This college was established by Padma Bhushan Shri Karamshi Jethabhai Somaiya. It is located in vidya vihar, Mumbai

Establishments- 1981

Course provided- Mms, pgdm in various specialization

Fees-Rs 15.5 lakhs

Placement- Avg salary 10-11 lakhs

Exams accepted- CAT, XAT, CMAT, ATMA, MAT

COLLEGE WEBSITE- https://simsr.somaiya.edu/

Welingkar Mumbai (WE SCHOOL) –

source-analytics india magzine

It is also known as we school.

One of the finest and attractive infrastructure college.

However, It is a college known for its marketing as a specialization but also other domains are quite good.

They have two campuses Mumbai and Bangalore. The main campus of Mumbai is located in Matunga, Mumbai.

Establishments- 1977

Course provided- MMS, pgdm in various specialization

Fees- 11 lakhs

Placement- Avg salary 9-11 lakhs

Exams accepted- CAT, XAT, CMAT, ATMA, MAT

COLLEGE WEBSITEhttps://www.welingkar.org/

SIES Nerul Mumbai

source-catking educare

One of the TOP MBA colleges in Mumbai in Mumbai which is run by south Indian education society. Similarily,They have many campuses for UG as well as PG courses.

In sies one most imp things are that they have a quota for Tamil minority.

So, anyone comes under this category they can happy to apply for the same.

It is located in Nerul, Mumbai.

Establishments- 1995

Course provided- mms, pgdm in various specialization

Fees- 7.5 lakhs

Placement- Avg salary 8-10 lakhs

Exams accepted- CAT, XAT, CMAT, ATMA, MAT, MH CET

COLLEGE WEBSITE- http://www.siescoms.edu/

National Institute of Industrial Engineering (NITIE)-


 It is also one of the oldest institutes in India,

It is usually seen in the top 10-20 list of every b school Ranking.

This institute is more focus by engineers and also, It is good for Operation. you can say that for operations it was the Best B school.

As the name suggests it is a government college. In other words, If you somehow not selected in any of them it’s or iim’s then I think this institute gives the same feel just like that.

It is located in Powai, Mumbai.

Establishments- 1963

Course provided- PGDM

Fees- 14.63 lakhs

Placement- Avg salary 18-20 lakhs

Exams accepted- CAT

COLLEGE WEBSITE- https://www.nitie.edu/

So, here I just completed my all-time favorite list, if you target to get a TOP MBA colleges in Mumbai.

I think you don’t have any confusion right now, just choose any of the above colleges and your life is sorted. yeah, I know there were a lot of diff B schools are also there, But in this particular Blog, I want to tell you that, if you come and join any of the above B school then the quality and exposure you get is priceless.


Similarly, One more thing that these all college are not providing their actual salary, but they provide their CTC which was the cost to a company.

So, for that particular thing, I request you all research with your own also, because some time data may vary.

After that, I clarify that one more thing is that someone also disagrees with the colleges that I put in my top 10 TOP MBA colleges in Mumbai.

But,trust me I am taking care of everything that an aspirant’s see for a b school.

Therefore, its all my opinion so opinion may be varying person to person.

And lastly, However, I just want to tell you one more crucial information is that b school never makes you rich whether it’s a tier 1 or tier 3 college.

Therefore, everything that took place how much effort you put in college to get placement and also skillset because end of the day what matters is that skills.

Everyone is on the same platform after 2 years of MBA but the matter is how many of you put your focus on learning, not in other stuffs which are unusual in that particular moment.

On this you have to understand is that an MBA is the investment of two things money and time. That’s why, if you put lakhs of money in a particular task and also time and energy

So you should think for a large profit, but also it is a risk too so for that you have to remember that in business, we all know high-risk high profit.

so,Thank you so much, for giving your valuable time to read my blog…


Q1.Which is the Top MBA COLLEGE in Mumbai?

There are Two colleges who always in competetion.One is JBIMS and other is SP JAIN.But as ROI JBIMS IS best.

Q2.Why to choose Mumbai for MBA?

MUMBAI is the economical capital of India, Which attracts lots of companies. And ultimately it helps the MBA aspirants to get a good career.

Q3. What salary expected after doing MBA from Mumbai?

The salary ranges in between 5-25 LPA.







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