Best MBA Colleges in Mumbai

Before we delve into the fascinating world of top MBA colleges in India, let’s take a quick detour and explore the technological revolution transforming education as we know it. This journey will be crucial for aspiring MBA students, as the landscape of learning is rapidly evolving, and staying ahead of the curve is essential for success. So, buckle up and join us on a short but insightful ride as we explore  You Must Know About The Technology Revolution in Education By understanding how technology is shaping education, we’ll be better equipped to navigate the exciting world of top MBA colleges in India, which are at the forefront of integrating these cutting-edge advancements into their curriculum and learning environment.

Jamnalal Bajaj Institute of Management Studies 

JBIMS is affiliated with Mumbai University and is rated as one of the top MBA colleges in Mumbai. The institute offers a year management course for a fee of 3 lacks. They also offer 3-year part-time courses in Financial and Human Resource Management costing 1.5 lacks.

National Institute of Industrial Engineering

NIIE was established in 1963 and began to offer unique MBA programs in industries and industrial safety. The fee for an MBA in Industrial Management is 8.10 lakh and requires a CAT cut-off. MBAs from the institute rake in high salaries of up to 50 LPA.

BVBS.P.Jain Institute

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research

The institute was established in 1981 and was 19 of the best MBA institutes in the NIRF 2018 ranking. SP Jain is a choice of thousands because of its reputation and high salary packages. The average salary for a fresher is around 20 LPA.

Shailesh J. Mehta (SJM) School of Management

SJM was established in 1985 under the IIT Bombay Commission. The Master of Management course is a full-time course of 2 years and the fee for this is 8.32 lakh. CAT cut-off is the basis of admission to SJM School. The average package for the 2017 batch was 17.6 LPA.

ITM Business School, Navi Mumbai

ITM Grade A accredited institute by NAAC. The MBA program course fee is 9.3 lakh and requires good CAT, GMAT, and MAT scores. Annual average salaries for fresh MBA students are 5-6 lakh

J.S.I Management Studies or Research 

  1. Somaiya Institute of Management Studies and Research offers top-end MBA degrees in Healthcare, Finance, HR, and Business management. The course fee for the PGDBM course is 13.66 lakh. Excellent recruitment support means students are up to 10 LPA as the starting salary.

SIES College of Management Studies

SIES is affiliated with Mumbai University and offers full-time and part-time MBA courses. They have a 100% placement record over several years and new MBAs are getting salaries of 5-6 LPA on an average basis.

P.L.N.W.I Management Development or Research

Prin. L. N. Welingkar Institute of Management Development and Research institute offers admission for its MBA program based on stiff competition of CAT scores and academic performance. The course fee is 11 lakh for the 2-year program. The average salary offers around 7.5 LPA, and even summer Interns were paid handsomely.

L.D.I of Management Studies Or Research

  1. Dalmia Institute of Management Studies and Research Institute was established in 1985 with affiliation from Mumbai Univ. and offers valuable MBA courses providing excellent infrastructure for new-age education. The students were offered salaries of 6 LPA, and the highest package offer was 24 LPA.

Universal Business School (UBS)

UBS delivers quality MBA programs on campus. The fee for the PGD equivalent MBA program is 8.5 lakh. At the annual placement drives conducted by UBS, students were offered an average annual salary of 7 LPA.

ICFAI Business School, Mumbai

ICFAI Mumbai Institute is country-wise known for its contemporary MBA program. The fee for the two-year program is 8 lakh. The Institute achieves almost 100% placement every year, reaching an average annual salary of 6-7 LPA.


Sydenham Institute of Management Studies, Research, and Entrepreneurship Education Institute is AICTE-approved and offers a two-year full-time MBA program for a total fee of 1.34 lakh. The Institute averages an annual salary of 11 LPA for fresh MBA graduates, which is excellent when compared to other MBA institutes.

IES Management College or Research Centre

IES offers a full-time master’s in business administration for a fee of 7.2 lacks. Admission to the institute is based on the CAT score and there is stiff competition for a seat. Students were offered 6 LPA on average on the completion of an MBA.

V.E.S.Institute of Management Studies or Research

Vivekanand Education Society Institute of Management Studies and Research

The institute was established in 1984 and approved by AICTE. It offers Finance and Operations under the Business Administration domain. Good companies visit recruitment drives with an average salary offer of 4-5 LPA.

Atharva Institute of Management Studies

Affiliated with Mumbai Univ., the institute offers 2 2-year MBA program for a fee of 1.56 lakh. It allows MBA students to pursue careers in the dynamic world of management and administration. The institute has a good placement record, with an average annual salary of 3-4 LPA for starters.

Chetana’s Institute of Management or Research

It is a private institute established in 1996 with excellent MBA programs in Management, Retail, and Marketing. The course is 6.61 lakh and the placement is very good. The annual average salary for last year’s placement was 5-6 LPA.

Durgadevi Saraf Institute of Management Studies

It is an AICTE-approved MBA academy with full-time courses available after selection through the CAT cut-off and on payment of a 7.8 lakh fee. An MBA pass-out can expect a starting salary of 3-4 LPA. The institute receives ISO certification from Lloyd’s Register LQRA.

A.D.M.I For Financial or Management Studies

Alkesh Dinesh Mody Institute for Financial and Management Studies

institute is a top-rated MBA college in Mumbai affiliated with Mumbai Univ. Students who have done an MBA from here have shown confidence in the corporate world. The starting CTC of 4 LPA on average makes Alkesh Dinesh Modi a fine institute.

H.K. Institute of Management Studies or Research

HKIM Is a quality private educational institute affiliated with Mumbai Univ. It invites admission to an MBA program at its Jogeshwari campus. The institute makes great efforts to invite companies for placements and averages an annual CTC of 3.5.4 LPA.

Vidyalankar Institute of Technology

The institute was established in 1999 with affiliation with Mumbai University. It offers a contemporary MBA program that is designed to advance tools & technology in the marketing world. It has an international affiliation with Toledo University, USA, and conducts a student foreign exchange program.

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