Mumbai, “THE CITY OF DREAMS,” is not just the financial capital of India but is renowned for management institutions that are famous for their world-class MBA programs. The city is home to some of the most prestigious MBA colleges. These colleges offer excellent education, experienced faculty, and great job placement opportunities. Whether you want to work in finance, marketing, or entrepreneurship, Mumbai has the right programs to help you succeed. In this blog, we will introduce you to the top 20 MBA colleges in Mumbai, so you can find the one that fits your career goals and ambitions.

The top 20 MBA colleges in Mumbai are as follows:

1. Atlas Skilltech University, Mumbai –

This university was established in 2021. It focuses on strategy, design, leadership, and the holistic educational experience of students.

• Programs – MBA
• Specializations – Marketing, Finance, Entrepreneurship, Business Analytics, Digital Marketing & Advertising.
• Total fees: INR 11.45 lakhs
• Highest package: INR 25 LPA
• Average package: INR 9 LPA
• Recruiter Companies: Apple, Gucci, JP Morgan, etc. 

2. Universal AI University (UBS), Mumbai –

Established in the year 2009. This university aims to empower students with cutting-edge, AI-driven education and prepare them to lead globally.

• Programs – MBA
• Specializations – Marketing Management, Finance, Operations Management, HR, International Business, Business Analytics, Digital Marketing, Supply Chain Management. 
• Total fees: INR 12 lakhs
• Highest package: INR 18 LPA
• Average package: INR 8.5 LPA
• Recruiter companies: Deloitte, PWC, etc.

3. Institute of Technology and Management (ITM), Navi Mumbai –

Established in the year 1991. Its mission is to emphasize social significance, discipline, and a holistic learning experience for its students. 

• Programs – MBA
• Specializations – Marketing, Finance, HR, Digital Marketing and Transformation, Business Analytics, Operations and Supply Chain Management, Retail Management, International Business, Financial Markets, FinTech.
• Total fees: INR 10.45 lakhs
• Highest package: INR 22 LPA
• Average package: INR 6.5 LPA
• Recruiter companies: Deloitte, ICICI Bank, etc.

4. Jamnalal Bajaj Institute of Management Studies (JBIMS) –

Established in the year 1965. Its focus is to provide top-notch management education to the students. 

• Programs – MMS (Masters in Management Studies)
• Specializations – Finance, Marketing, HR, Operations and Supply Chain Management, Systems and Digital Business. 
• Total fees: INR 6-7 lakhs
• Highest package: INR 42 LPA
• Average package: INR 27 LPA
• Recruiter companies: Deloitte, JP Morgan, Accenture, etc.

5. NMIMS School of Business Management –

Established in the year 1981. This school aims to prepare leaders with innovative thinking, global perspectives, and impactful research knowledge.

• Programs – MBA
• Specializations – Finance, Marketing, HR, Operations, Business Analytics, International Business. 
• Total fees: INR 21 lakhs
• Highest package: INR 35 LPA
• Average package: INR 20 LPA
• Recruiter companies: Google, Amazon, KPMG, etc.

6. TISS, Tata Institute of Social Sciences –

Established in the year 1936. This institution aims to provide excellent teaching and research knowledge so that the students can address complex social issues.

• Programs – MBA
• Specializations – Human Resource Management & Labor Relations, Social Entrepreneurship, Data Analysis, and Retail Management and Leadership. 
• Total fees: INR 1.85 lakhs
• Highest package: INR 42 LPA 
• Average package: INR 22.28 LPA
• Recruiter companies: Reckitt, Mahindra, TCS, etc.

7. KJ Somaiya Institute of Management – 

Established in the year 1981. The institute aims to create globally responsible leaders through comprehensive education. 

• Programs – MBA
• Specializations – Finance, Marketing, HR, Operations, Data Analytics, Business Economics. 
• Total fees: INR 22.32 lakhs
• Highest package: INR 23.75 LPA
• Average package: INR 12.79 LPA
• Recruiter companies: EY, Infosys, Cognizant, etc.

8. SDA Bocconi Asia Center – 

Established in the year 2012. It aims to provide world-class business education to address complex problems in a dynamic world.

• Programs – IMB (International Master in Business)
• Specializations – International Business, Finance, Marketing, Operations, HRM. 
• Total fees: INR 18 lakhs
• Highest package: INR 36 LPA
• Average package: INR 15.01 LPA
• Recruiter companies: Deloitte, HDFC, PWC, etc.

9. BITS School of Management (BITSoM) – 

Established in the year 2021. It aims to nurture future-ready leaders through business education rooted in innovation and practical knowledge.

• Programs – MBA
• Specializations – Leadership and Strategy, Marketing and Consumer Insights, E-Commerce and Digital Leadership, E-Commerce and Digital Leadership, Finance and Investments. 
• Total fees: INR 22.50 lakhs
• Highest package: INR 50 LPA
• Average package: INR 23.41 LPA
• Recruiter companies: Microsoft, Goldman Sachs, etc.

10. SIES School of Business Studies –

Established in the year 1995. It aims to provide quality education to students who can contribute significantly to global businesses.

• Programs – MMS (Masters of Management Studies)
• Specializations – Finance, Marketing, HR, Operations, IT.
• Total fees: INR 10 lakhs
• Highest package: INR 15 LPA
• Average package: INR 9.10 LPA
• Recruiter companies: Wipro, Deloitte, etc.

11. National Institute of Industrial Engineering (NITIE) 

Established in the year 1963. It aims to develop leaders skilled in the areas of innovation and excellence. 

• Programs – MBA
• Specializations – Operations and Supply Chain Management, Sustainability Management.
• Total fees: INR 11.50 lakhs
• Highest package: INR 55 LPA
• Average package: INR 25 LPA
• Recruiter companies: Amazon, Flipkart, Deloitte, etc.

12. IIT Bombay – Shailesh J. Mehta School of Management (SJMSOM) 

Established in the year 1995. It aims to create leaders with excellent knowledge in technology and management.

• Programs – MBA
• Specializations – General Management, Finance, Marketing, Operations, HR, Entrepreneurship, Technology Management, Business Analytics, Strategy and Consulting, Leadership and Innovation. 
• Total fees: INR 10.50 lakhs
• Highest package: INR 50 LPA
• Average package: INR 27 LPA
• Recruiter companies: Google, PWC, McKinsey, etc.

13. S.P. Jain School of Global Management –

Established in the year 2004. It aims to craft leaders with a skillful mindset to excel in a dynamic business environment.

• Programs – GMBA
• Specializations – Finance, Marketing, Operations, Information Management, Supply Chain (Global). 
• Total fees: INR 20 lakhs
• Highest package: INR 45 LPA
• Average package: INR 22 LPA
• Recruiter companies: Microsoft, Google, Accenture, etc.

14. Athena School of Management 

Established in the year 2013. It aims to prepare future-ready managers for the global business world. 

• Programs – PGDM
• Specializations – Finance, Marketing, HR, Operations, Business Analytics, International Business, Media and Communication management, IT & Operations. 
• Total fees: INR 12 lakhs
• Highest package: INR 15 LPA
• Average package: INR 7.5 LPA
• Recruiter companies: TCS, Reliance, etc.

15. MET Institute of Management – 

Established in the year 1989. It aims to provide business education to develop socially responsible leaders. 

• Programs – MMS (Master’s of Management Studies)
• Specializations – Finance, Marketing, HR, Operations, Systems.
• Total fees: INR 8 lakhs
• Highest package: INR 13.2 LPA
• Average package: INR 6 LPA
• Recruiter companies: Infosys, Reliance, etc. 

16. ICFAI Business School, IBS, Mumbai – 

Established in the year 1995. The mission of ICFAI is to provide industry-based quality management education. 

• Programs – PGDM
• Specializations – Finance, HR, Marketing, Operations, Systems. 
• Total fees: INR 9.10 lakhs
• Highest package: INR 15 LPA
• Average package: INR 7.50 LPA
• Recruiter companies: HDFC, Wipro, etc.

17. IES Management College and Research Centre – 

Established in the year 1998. The aim is to provide innovative, ethical knowledge to deal with global problems.

• Programs – PGDM
• Specializations – Finance, HR, Marketing, Business Analytics, Operations and Entrepreneurship, Pharmaceutical Management. 
• Total fees: INR 9 lakhs
• Highest package: INR 18.33 LPA
• Average package: INR 7.2 LPA
• Recruiter companies: Infosys, TCS, etc.

18. Thakur Institute of Management Studies and Research (TIMSCDR) 

Established in the year 2001. It aims to provide excellent management techniques through its innovative learner-centric approach.

• Programs – PGDM
• Specializations – Marketing, Finance, HR, Operations, Systems, Business Analytics. 
• Total fees: INR 7 lakhs
• Highest package: INR 11.25 LPA
• Average package: INR 5.7 LPA
• Recruiter companies: HDFC Bank, ICICI, etc. 

19. Amity Global Business School, Mumbai 

Established in the year 2009. It aims to provide world-class education with innovative and industry-oriented programs.

• Programs – MBA/ PGDM
• Specializations – Finance, Marketing, HR, Operations, International Business, Transportation and Logistics, Entrepreneurship, IT, Production, and Operation Management.
• Total fees: INR 10 lakhs
• Highest package: INR 21 LPA
• Average package: INR 9.50 LPA
• Recruiter companies: Tata, IBM, KPMG, etc. 

20. Welingkar Institute of Management (WeSchool) 

Established in the year 1977. This institute aims to nurture global business leaders who manage to equip themselves with dynamic and complex business environments. 

• Programs – PGDM
• Specializations – Marketing, Finance, HR, Operations Management, E-Business, Business Design, Healthcare Management, Rural Management, Retail Management, Research and Business Analytics.

• Total fees: INR 14 lakhs
• Highest package: INR 22 LPA
• Average package: INR 12.53 LPA
• Recruiter companies: Capgemini, Infosys, Accenture, etc. 

Conclusion:

Choosing the right MBA college is a big decision. The top MBA colleges in Mumbai offer strong programs, experienced teachers, and good job opportunities. These factors can help you build a successful career in the business world. It’s important to think about your career goals, the courses offered, and the college’s placement records before making your decision. At Guide Me Education, we are here to help you choose the best college for your future. We offer resources like mock tests and expert advice to guide you in your MBA journey. Visit our website to start your path to success today!