Looking for the top MBA/PGDM colleges in Mumbai in 2025? Mumbai has over 46+ mba/pgdm colleges. Top government institutes include IIM Mumbai, SIMSREE, TISS Mumbai, Garware Institute of Career Education and Development, Indian Institute of Materials Management , and leading private universities are JBIMS Mumbai, SP Jain School of Global Management, BITS School of Management, K J Somaiya Institute of Management, SDA Bocconi Asia Center . These colleges offer MBA/PGDM, MMS and other mba/pgdm programs. Admissions to these colleges are primarily conducted through exams such as CAT , XAT , NMAT , GMAT , SET Exam .
When selecting the best mba/pgdm colleges in Mumbai, students should consider factors such as NIRF rankings, placement records, return on investment (ROI), location, faculty, and specializations. This guide highlights the top-ranked mba/pgdm colleges in Mumbai 2025 providing all key details on fees, placements, and entrance exams to help students make an informed choice.
Top MBA/PGDM Colleges in Mumbai 2025: Key Highlights
| Metric | Details |
| Total Colleges in Mumbai | 46+ |
| Top Exams Accepted | CAT , XAT , NMAT , GMAT , SET Exam |
| Ownership | ~85% Private, ~15% Government |
| Top Recruiters | HDFC Bank, Deloitte, KPMG, ICICI, Axis Bank |
| Average Fees | ₹ 40.7 K - ₹ 39.00 L |
| Average Placement | ₹ 3.50 L - ₹ 36.30 L |
Top MBA/PGDM Colleges in Mumbai by Rankings 2025
The NIRF 2025 is the most trusted ranking for mba/pgdm colleges in India, evaluating institutes on teaching, research, graduation outcomes, outreach, and perception. Below are the top 10 mba/pgdm colleges in Mumbai 2025 as per NIRF.
| College | 2025 | 2024 | 2023 |
| SP Jain (SPJIMR) | 20 | 20 | 20 |
| SVKM's NMIMS | 24 | 21 | 21 |
| K J Somaiya Institute of Management | 65 | 63 | 45 |
| Welingkar Mumbai | 75 | 84 | 101 |
Government vs Private MBA/PGDM Colleges in Mumbai 2025
MBA/PGDM aspirants in Mumbai can choose between government-funded institutes known for their affordability and high ROI, and private universities that offer modern infrastructure, global exposure, and multiple entrance options. The comparison below will help you determine which path best aligns with your academic and career goals.
Top Government MBA/PGDM Colleges in Mumbai 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| IIM Mumbai | ₹ 14.50 L - ₹ 15.00 L | CAT | ₹ 30.40 L | ₹ 30.40 L | ₹ 54.00 L |
| SIMSREE | ₹ 51.0 K | MAH CET | ₹ 10.90 L | ₹ 10.90 L | ₹ 20.00 L |
| TISS Mumbai | ₹ 13.70 L | MAH CET | - | - | - |
| Garware Institute of Career Education and Development | ₹ 2.00 L - ₹ 2.34 L | - | - | - | - |
| Indian Institute of Materials Management | ₹ 87.9 K | - | - | - | - |
Top Private MBA/PGDM Colleges in Mumbai 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| JBIMS Mumbai | - | CAT, XAT, ATMA, CMAT, MAH CET | ₹ 26.10 L | ₹ 26.10 L | ₹ 87.10 L |
| SP Jain School of Global Management | ₹ 19.55 L - ₹ 39.00 L | - | ₹ 19.80 L - ₹ 36.30 L | ₹ 24.00 L - ₹ 32.20 L | ₹ 78.10 L - ₹ 4.88 Cr |
| BITS School of Management | ₹ 24.50 L | CAT | ₹ 23.50 L | ₹ 23.50 L | ₹ 45.00 L |
| K J Somaiya Institute of Management | ₹ 24.54 L | CAT, XAT, NMAT, ATMA, CMAT | - | - | - |
| SDA Bocconi Asia Center | ₹ 20.75 L | CAT, NMAT | ₹ 15.00 L | ₹ 15.00 L | ₹ 36.50 L |
Top Trending Courses in MBA/PGDM 2025
MBA/PGDM in Mumbai offers a wide range of courses to match industry demand and student interest. The most popular fields include Post Graduate Diploma in Management , MBA in Financial Management , Master of Business Administration (MBA) (Part Time) . The table below highlights the top courses, their leading colleges, entrance exams, average fees, and placement packages.
| Course | Top Colleges | Entrance Exams | Average Fees (Total) | Average Package |
| Post Graduate Diploma in Management | Chetana's Institute of Management and Research, I.S.M.E. School of Management and Entrepreneurship, SVIMS | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.0 K - ₹ 19.40 L | ₹ 2.80 L - ₹ 8.00 L |
| MBA in Financial Management | Thakur Institute of Management Studies and Research | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.0 K - ₹ 14.38 L | ₹ 6.00 L - ₹ 37.00 L |
| Master of Business Administration (MBA) (Part Time) | NMIMS Mumbai, National Institute of Management, Mumbai | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.5 K - ₹ 16.02 L | ₹ 4.50 L - ₹ 7.80 L |
| Executive MBA | IIM Mumbai | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.2 K - ₹ 24.54 L | ₹ 4.00 L - ₹ 7.90 L |
| Post Graduate Program in Management (PGPM) | Athena School of Management | CAT, XAT, NMAT, GMAT, CMAT | ₹ 49.9 K - ₹ 22.65 L | ₹ 5.20 L - ₹ 17.80 L |
| MBA in Agri. Business Management | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 10.0 K - ₹ 17.23 L | ₹ 3.50 L - ₹ 12.60 L |
| Masters of Business Administration (MBA) | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 39.0 K - ₹ 12.03 L | ₹ 2.98 L - ₹ 9.25 L |
| Master of Business Administration(MBA) | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 44.4 K - ₹ 14.38 L | ₹ 4.30 L - ₹ 8.75 L |
| MBA in Aviation Management | ILAM | CAT, XAT, NMAT, GMAT, CMAT | ₹ 1.80 L - ₹ 10.03 L | ₹ 4.80 L - ₹ 6.50 L |
| Master of Business Administration | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 70.0 K - ₹ 6.00 L | ₹ 3.60 L - ₹ 13.34 L |
Entrance Exams Accepted by Top MBA/PGDM Colleges in Mumbai 2025
Admission to the top MBA/PGDM colleges in Mumbai is primarily determined through national, institute-level, and state-level entrance exams.
| Exam | Top Accepting Colleges | Exam Date (2025) |
| CAT | IIM Mumbai, JBIMS Mumbai, BITS School of Management | 30 Nov 2025 |
| XAT | JBIMS Mumbai, K J Somaiya Institute of Management, Welingkar Mumbai | 4 Jan 2026 |
| NMAT | K J Somaiya Institute of Management, SDA Bocconi Asia Center, IBS Mumbai | 5 Nov 2025 - 23 Dec 2025 |
| GMAT | IES MCRC | - |
| MAH CET | JBIMS Mumbai, SIMSREE, Welingkar Mumbai | - |
| ATMA | JBIMS Mumbai, K J Somaiya Institute of Management, Welingkar Mumbai | - |
| CMAT | JBIMS Mumbai, K J Somaiya Institute of Management, Welingkar Mumbai | 25 Jan 2026 |
| SET Exam | GNIMS Mumbai | - |
| IBSAT | IBS Mumbai | 27 Dec - 28 Dec 2025 |
| NMIMS NPAT | NMIMS Mumbai, Pravin Dalal School | - |
FAQ About MBA/PGDM Colleges in Mumbai 2025
Which is the No.1 mba/pgdm college in Mumbai?
According to NIRF 2025, the No.1 mba/pgdm college in Mumbai is IIM Mumbai , followed by SIMSREE and TISS Mumbai .
Which entrance exam is required for mba/pgdm?
For admission to top mba/pgdm colleges in Mumbai, students primarily need to appear for CAT , XAT , NMAT , GMAT and SET Exam .
What is the average mba/pgdm fee in Mumbai?
The average fees range from ₹ 40.7 K - ₹ 39.00 L per year. Government colleges typically charge ₹ 14.50 L - ₹ 15.00 L per year, while private colleges may charge - per year.
Which private mba/pgdm college has the best placements?
Among private institutions, JBIMS Mumbai and SP Jain School of Global Management and BITS School of Management have the strongest placement records.