Best MBA Colleges in Mumbai: Top Ranking, Fee, & Admission

Every year, in search of the best colleges and institutions several lakh students make their way to Mumbai for higher studies. Among them, a large number of MBA aspirants are attracted to some of the best MBA colleges in Mumbai, such as the National Institute of Industrial Engineering, IIDE Mumbai, IIT Bombay, SPJIMR, and ITM Business School. The prominence of Mumbai in management studies can be gauged from the fact that the city is home to more than 100 MBA colleges. While most of these are private institutions, there are also over 10 government-run colleges. When it comes to the admission process, most colleges and universities accept students based on merit, typically through national-level entrance exams such as CAT, MAT, XAT, and CMAT. The fees for MBA programs in Mumbai vary between ₹80,000 to ₹2 lakh per year. One of the major highlights of pursuing an MBA in Mumbai is the excellent placement record—over 70% of students from top colleges are recruited by leading companies such as Accenture, IBM, Amazon, Google, Microsoft, and HDFC Bank. In short, for those looking to take their career to the next level, pursuing an MBA in Mumbai can truly work wonders— if they choose the right college. Let’s explore some of the top colleges and universities in Mumbai that are considered the best in the city. Here we go.

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List of Top 10 MBA Colleges in Mumbai Recognised and Approved by UGC or AICTE

To help you make the best choice, we have compiled a list of the top 10 MBA colleges in Mumbai based on their accreditation and recognition. These institutions have consistently been the first choice for students pursuing MBA programs in the city, thanks to their academic excellence, strong industry connections, and impressive placement records. You can confidently choose any of the colleges mentioned below, as all of them have earned a stellar reputation over the years by offering top-notch education.

MBA Colleges in Mumbai and Their Latest NIRF Ranking

It’s important to have options when making a big decision like selecting the right MBA college for your career. Fortunately, Mumbai is home to several top-tier institutions that provide students with quality education at an international level.Below, we’ve compiled a list of the top MBA colleges and universities in Mumbai, based on the latest NIRF rankings.

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Mumbai’s Best Colleges for MBA without CAT

Scoring up to the 90th percentile in the CAT exam can certainly boost your chances of securing a seat in a highly regarded and reputable MBA college or university in Mumbai. However, this doesn’t mean that applicants who didn’t appear for the CAT or scored lower cannot gain admission to good colleges. In fact, several top MBA colleges in Mumbai offer admission without CAT scores. Fortunately, there is no shortage of such institutions. Many accept other national-level entrance exams like GMAT, NMAT, MAT, XAT, and CMAT—or even conduct their own institutional-level entrance exams or offer direct admission.Here are some of the top MBA colleges in Mumbai that accept alternative entrance exams or direct admissions:

MBA Colleges Accepting Admission without Entrance Test Mumbai

Preparing for entrance tests repeatedly can be exhausting for students pursuing higher education—especially for those who have already scored exceptionally well in national-level exams, as well as in their undergraduate studies and Class X and XII boards. Hence, expecting direct admission into MBA in any reputable college in Mumbai has become a practical and justified aspiration for such high-performing students. Thankfully, many MBA colleges in Mumbai seem to acknowledge this fact by offering merit-based direct admissions. Take a look at the list of the colleges offering admission without any entrance test.

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