Looking for the top MBA/PGDM colleges in Mumbai in 2026? Mumbai has over 36+ mba/pgdm colleges. Top government institutes include SIMSREE, Indian Institute of Materials Management, JDBIMS , and leading private universities are JBIMS Mumbai, SDA Bocconi Asia Center, SIES College of Management Studies, IBS Mumbai, Chetana's Institute of Management and Research . These colleges offer MBA/PGDM, PGDM 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 2026 providing all key details on fees, placements, and entrance exams to help students make an informed choice.
Top MBA/PGDM Colleges in Mumbai 2026: Key Highlights
| Metric | Details |
| Total Colleges in Mumbai | 36+ |
| Top Exams Accepted | CAT , XAT , NMAT , GMAT , SET Exam |
| Ownership | ~90% Private, ~10% Government |
| Top Recruiters | HDFC Bank, Deloitte, KPMG, ICICI, Axis Bank |
| Average Fees | ₹ 40.7 K - ₹ 22.90 L |
| Average Placement | ₹ 3.50 L - ₹ 26.10 L |
Top MBA/PGDM Colleges in Mumbai by Rankings 2026
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 2026 as per NIRF.
| College | 2025 | 2024 | 2023 |
| SP Jain (SPJIMR) | 20 | 20 | 20 |
| SVKM's NMIMS | 24 | 21 | 21 |
Government vs Private MBA/PGDM Colleges in Mumbai 2026
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 2026
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| SIMSREE | ₹ 51.0 K | MAH MBA CET | ₹ 10.90 L | ₹ 10.90 L | ₹ 20.00 L |
| Indian Institute of Materials Management | ₹ 87.9 K | - | - | - | - |
| JDBIMS | ₹ 1.70 L - ₹ 7.42 L | CAT, XAT, ATMA, CMAT, MAH MBA CET | ₹ 3.50 L | ₹ 3.50 L | ₹ 6.50 L |
Top Private MBA/PGDM Colleges in Mumbai 2026
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| JBIMS Mumbai | - | CAT, XAT, ATMA, CMAT, MAH MBA CET | ₹ 26.10 L | ₹ 26.10 L | ₹ 87.10 L |
| SDA Bocconi Asia Center | ₹ 20.75 L | CAT, NMAT | ₹ 15.00 L | ₹ 15.00 L | ₹ 36.50 L |
| SIES College of Management Studies | ₹ 7.00 L - ₹ 9.00 L | CAT, XAT, ATMA, CMAT, MAH MBA CET | ₹ 5.50 L - ₹ 6.80 L | ₹ 5.50 L - ₹ 6.10 L | ₹ 10.50 L - ₹ 17.50 L |
| IBS Mumbai | ₹ 9.11 L | CAT, XAT, NMAT, IBSAT | ₹ 8.30 L | ₹ 8.30 L | ₹ 20.00 L |
| Chetana's Institute of Management and Research | ₹ 9.40 L | CAT, XAT, ATMA, CMAT, MAH MBA CET | ₹ 8.00 L | ₹ 8.00 L | ₹ 15.00 L |
Top Trending Courses in MBA/PGDM 2026
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 , Master of Business Administration (MBA) (Part Time) , Post Graduate Program in Management (PGPM) . 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, MAH MBA CET | ₹ 9.0 K - ₹ 9.83 L | ₹ 2.80 L - ₹ 8.00 L |
| Master of Business Administration (MBA) (Part Time) | NMIMS Mumbai | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 9.5 K - ₹ 16.02 L | ₹ 4.50 L - ₹ 7.80 L |
| Post Graduate Program in Management (PGPM) | Athena School of Management | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 49.9 K - ₹ 22.65 L | ₹ 5.20 L - ₹ 17.80 L |
| Masters of Business Administration (MBA) | - | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 39.0 K - ₹ 8.10 L | ₹ 2.98 L - ₹ 9.25 L |
| Master of Business Administration(MBA) | - | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 44.4 K - ₹ 14.38 L | ₹ 4.30 L - ₹ 8.75 L |
| MBA in Aviation Management | ILAM, National Institute of Management, Mumbai | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 1.80 L - ₹ 10.03 L | ₹ 4.80 L - ₹ 6.50 L |
| MBA in Entrepreneurship | NMIMS Mumbai, Pravin Dalal School | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 40.0 K - ₹ 19.60 L | ₹ 5.20 L - ₹ 12.43 L |
| MBA in Retail Management | JDBIMS | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 26.4 K - ₹ 16.25 L | ₹ 3.50 L - ₹ 12.43 L |
| Master of Business Administration | - | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 70.0 K - ₹ 6.00 L | ₹ 3.60 L - ₹ 8.32 L |
| MBA in Finance Management | - | CAT, XAT, NMAT, GMAT, MAH MBA CET | ₹ 5.3 K - ₹ 21.29 L | ₹ 4.60 L - ₹ 8.48 L |
Entrance Exams Accepted by Top MBA/PGDM Colleges in Mumbai 2026
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 (2026) |
| CAT | JBIMS Mumbai, SDA Bocconi Asia Center, SIES College of Management Studies | - |
| XAT | JBIMS Mumbai, SIES College of Management Studies, IBS Mumbai | 4 Jan 2026 |
| NMAT | SDA Bocconi Asia Center, IBS Mumbai, GNIMS Mumbai | - |
| GMAT | IES MCRC, Mumbai Institute of Management and Research (MIMR) | - |
| MAH MBA CET | JBIMS Mumbai, SIMSREE, SIES College of Management Studies | - |
| ATMA | JBIMS Mumbai, SIES College of Management Studies, VBS Mumbai | - |
| CMAT | JBIMS Mumbai, SIES College of Management Studies, VBS 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 2026
Which is the No.1 mba/pgdm college in Mumbai?
According to NIRF 2026, the No.1 mba/pgdm college in Mumbai is SIMSREE , followed by Indian Institute of Materials Management and JDBIMS .
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 - ₹ 22.90 L per year. Government colleges typically charge ₹ 51.0 K per year, while private colleges may charge - per year.
Which private mba/pgdm college has the best placements?
Among private institutions, JBIMS Mumbai and SDA Bocconi Asia Center and SIES College of Management Studies have the strongest placement records.