Top 15 MBA colleges in Mumbai

January 29, 2021 | 3:32 PM By Dimple Motwani

What is an MBA? What are the best MBA colleges in Mumbai? The Master of Business Administration is a 2-year degree, where an individual is prepared for numerous areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. The reason that the degree is the most popular is that any aspirant from any background – science, arts, etc. is allowed to take the degree and change their career pathways.

With over 11+ MBA specializations offered in India, the competition is tough, among the colleges as well as the students. This blog gives you a list of the top MBA colleges in Mumbai that you can trust without any second thoughts.

1. NMIMS – School of Business Management, Vile Parle

NMIMS was established in 1981, by Shri Vile Parle Kelavani Mandal as a Management Institute affiliated with University of Mumbai.

NMIMS began its journey by offering a Masters in Management Studies and became a deemed university in 2003.

Truly one of the best institute for MBA, SBM aims to provide its students with a plethora of management skills that would help them walk through the path of today’s complex business environment and tough competition. A dynamic curriculum designed in conjunction with academics and industry practitioners provides them with the opportunities to master new skills and explore varied perspectives.


Aditya Birla | Apollo Tyres | Loreal | Metro | Dabur | Casio | Whirlpool | Mi | Raymond | ITC | Castrol | Crompton | Maruti Suzuki | Reliance | TATA Motors | Ultratech | FedEx | Unacademy | Google | HCL | Dell | Deloitte | Amazon | Microsoft | Ola | Honeywell | EY | ICICI Bank.

Fee Structure:

12.00 L – 24.04 L


Image Source- NMIMS

PG near NMIMS, Mumbai

2. JBIMS, Churchgate

With a rich legacy and an illustrious alumni base, JBIMS is an ideal centre of knowledge for a student opting to pursue Business Management studies. It is among the best management colleges in Mumbai. The unique mix of permanent and visiting faculty not only provides vast knowledge across domains and sectors but also a unique learning experience.

Situated in the heart of the financial hub of India, Jamnalal Bajaj Institute of Management Studies has the advantage of being amongst the corporate crowd, thus helping students with frequent industry interactions and workshops to hone their Business Management skills.


Aditya Birla | ICICI Bank | IndusInd Bank | SBI Bank | HSBC | HDFC Bank | IDFC Bank | Motilal Oswal | Kotak Life Insurance | TCS | Tech Mahindra | TATA Motors | TATA Steel | Maruti Suzuki | Godrej & Boyce | Bajaj Auto | Infosys | Larsen & Toubro | Bisleri | Loreal | Raymond.

Fee Structure:

1.52 L – 7 L


Image Source – JBIMS


3. SDA Bocconi, Powai

In 1998, SDA Bocconi was the first school in Italy to be accredited and has been a leading institution of management training for over 40 years, and it’s now one of only 100 business schools worldwide to hold the “triple crown”, having been accredited by three international accreditation associations.

SDA Bocconi deploys and breaks apart the knowledge of innovative businesses to contribute to the overall development of individuals and organizations with small, clear, informative pieces.

A unique approach of relevant research and teaching is offered and the expertise and excellence in design, branding innovation and entrepreneurship is spread to the aspirants to build soft and managerial skills and share practices across borders to empower people. With these amenities, it is counted among the top MBA colleges of Mumbai.


Ernst & Young | Future Group | Garware | H M | ICICI | ICICI Prudential | KPMG | L&T Infotech | Luxottica | Manpower | Oyo Rooms | PWC | Vodafone | ZS Associates.

Fee Structure:

18.6 L


Image Source – SDA Bocconi

PG in Powai

4. SP Jain Institute of Management and Research, Andheri

SPJIMR is a part of the Bharatiya Vidya Bhavan and functions as an autonomous institute with entrepreneurial agility. It consistently ranks amongst the top ten management institutes in India.

This Management institute in Mumbai believes that inculcating in students the ancient cultural values and techniques of reintegrating them in the modern times help the students understand and apply whatever is good in the new, without being swept away from their traditional ethos.

The main purpose of the Bharatiya Vidya Bhavan is to provide a modern bridge to span the past, the present and the future, built on the strong foundation of the fundamental values of life.


Infotech | Citi Bank | IndusInd Band | Myntra | Coffee Day Beverages | Infosys | Accenture | Amazon | Oyo | Bosch | Google | Reliance Jio | IBM | Bridgestone | Britannia | IBM | Ernst & Young.

Fee Structure:

17.5 L


Image Source- SPJIMR

5. Shailesh J Mehta School of Management, Powai

The government MBA colleges in Mumbai, SOM aims to excel in the creation, distribution and application of management knowledge across the world.

It strives to nurture aspirants’ intellectual by focusing on research, and education based on leadership, economics, marketing, entrepreneurship, organisational behaviour, technology management, operations, strategy and other areas, within the IIT Bombay eco-system and beyond.

The institute values integrity, academic freedom, excellence, and care for society and the environment.


Axis Bank | Accenture | Citi Bank | HDFC Bank | Yes Bank | SBI | Deloitte | EY | Amazon | Google | Infosys| Dell | Intel | Samsung | Snapdeal | Colgate | Britannia | Bisleri | Asian Paints | Nestle | Loreal | HP | Siemens | Godrej.

Fee Structure:

8.67 L


Image Source- Shailesh J Mehta School of Management.

PG in Powai

6. SIES Graduate School of Management Studies, Navi Mumbai

SIESCOMS was established in 1995 with the primary objective of providing quality management education and managing company and currently boasts of one of the best physical infrastructure and academic ambience befitting a modern B-school.

SIESCOMS, one of the top business schools in Mumbai, holds a place of distinction among premier business schools in India. It is the first B-school in the country to start an exclusive vertical MBA program for the pharmaceutical industry. Similarly, it is one of the few B-schools to conceive a vertical program for the biotech sector. The program for the NGO sector is another unique initiative.

SIESCOMS has always been striving to provide quality education and in that pursuit, SIESCOMS received the ISO 9001:2008 Certification for quality management education.


Asian Paints | Coca Cola | Amazon | Deloitte | EY | Federal Bank | HDFC Bank | Johnson | LG | Kotak Mahindra Bank | Lodha | SBI | TCS | UrbanClap | Philips | L & T.

Fee Structure:

5.2 L


Image Source – SIES

7. Athena School of Management, Powai

Athena is the Greek Goddess of Wisdom, Courage & Inspiration and comes under top business management colleges in Mumbai. In today’s rapidly changing economic scenario, it is not surprising that corporate India too is on a constant vigil for identifying and inducting young leaders who possess Wisdom, Courage & Inspiration, to achieve, inspire & lead their organisations.

The institute tends to provide multiple internships, global alliances, in-depth corporate connect & cutting edge pedagogy to its students, and that’s how it strived to create future corporate leaders.


ITC | Godrej | TATA Elxsi | Vodafone | Aditya Birla | TATA Group | DHFL | Edelweiss | Bajaj | HDFC | Ginger | ICICI Bank | Naukri.

Fee Structure:

6.25 L


Image Source – Athena School of Management

PG near Athena School of Management

8. Atharva Institute of Management Studies, Malad

The best brand can be defined as the one which creates value. And that’s exactly what Atharva Institute does with its continuous efforts to build up future managers.

AIMSMalad is widely recognized as top colleges in Mumbai for MBA and for its commitment to excellence, which is resulted from a blend of Industry experience and high-quality academic credentials.

The ambience, culture and infrastructure that surround us is not only conducive for focused academic pursuits but also provides the wherewithal for a fully rounded personality in each of the Atharvites.


Lenskart | HDFC Bank | IndusInd Bank | Kotak Mahindra Bank | Naukri | OPPO | L & T | Accenture | Citi Bank | Air India | Reliance Jio | HPCL | BYJU’s | Aditya Birla | Hindustan Times | TCS.

Fee Structure:

1.8 L – 8.2 L


Image Source- Atharva Institute

PG near Atharva Institute of Management

9. Jankidevi Bajaj Institute of Management Studies, Juhu

JDBIMS envisions creating an inclusive society, and be the voice of empowerment of especially women through management education.

Being the best college for MBA in Mumbai, it aims to become a helping institution in the field of management education and to train aspiring women to become competent management professionals, business leaders, and entrepreneurs by contributing its efforts and knowledge as much as it can.


Air India | Bajaj | Citi Bank | HDFC Bank | ICICI Bank | Infosys | Jindal Steels | ITC | L & T Infotech | Raymond | TATA | HSBC | Jet Airways.

Fee Structure:

1.7 L – 4.72 L


10. ICFAI Business School, Powai

IBS Mumbai comes under top 10 MBA colleges in Mumbai which relates its academic interest with industrial interaction to create some outstanding experiences for its students, and thus, brings out the best from each.

IBS aims to be recognised as a school with its own global perspective and social sensitivity. It provides its students with relevant and appropriate management education by establishing a close link with the industry.

The learning techniques, ambience and environment encourage students to think out-of-the-box and assume leadership in their work life.


MyGate | HDFC Bank | ICICI Bank | TCS | Deloitte | Federal Bank | Kotak Mahindra Bank | Bajaj | Lodha | L & T Realty | BYJU’s | Ernst & Young | ITC | Unitas | RBL Bank | PhonePe | Oyo | Nestle | Naukri.

Fee Structure:

4.1 L – 5.48 L


Image Source- IBS Mumbai

PG near IBS Powai

11. St. Francis Institute of Management and Research, Borivali

St. Francis Institute of Management and Research (SFIMAR) Borivali, Mumbai was established in the year 2002 with the motto of providing a specific value system to the aspirants of business managers. Value system includes a grasp of soft skills, life skills and problem-solving skills to face life in both good and bad times.

Thus, one of the best management institutes in mumbai strives to produce value-based business leaders with intellectual competence, morally and ethically upright, socially committed, caring and fostering the ecology, spiritually inspired citizens in the service of India and the world at large.

Providing quality professional education to graduate students to equip them with academic excellence in specialized management areas is still prioritised.


LTI | Asian Paints | ITC | Samsonite | Godrej | Amul | HDFC Bank | Reliance Jio | Kotak Mahindra Bank | Yes Bank | ICICI Bank | Club Mahindra | Pioneer.

Fee Structure:

4.1 L – 5.48 L


Image Source- St Francis Institute of Management

12. Amity University, Panvel

Amity Global Business School (AGBS) campuses carry forward Amity’s vision of giving talented youngsters living across India access to globally-benchmarked professional education.

AGBS campuses in 11 cities are an embodiment of Amity’s dream to nurture future leaders of industry from diverse locations across the country.

AGBS campuses in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Hyderabad, Indore, Kochi, Mumbai, Noida and Pune helps talented and ambitious youth across the nation with an opportunity to realise their true potential and to rise up in the corporate ladder.


Axis Bank | HCL | TATA | HDFC Bank | Reliance | Airtel | Vodafone | Radisson | Kotal Mahindra Bank | DHL | IRCTC.

Fee Structure:

5.9 L – 6.24 L


Image Source- Amity University

PG near Amity University

13. ITM Group of Institutions, Kharghar

Starting off as an institution to offer business management education to create future business leaders of the country, to establishing independent universities to train students to become industry-ready professionals, the journey of ITM has been quite exciting.

In the past 28 years, ITM has been a successful leader and top MBA college in Mumbai in offering career guidance and training in different domains of business management, executive education, hotel management, design and media studies, health science, engineering, and vocational courses.

Thousands of students have graduated from ITM and are now leading in different sectors across the globe.


Aditya Birla | Blue Dark | BYJU’s | Canon India | Deloitte | DHL | Federal Bank | Flipkart | Godrej | Grofers | HDFC Bank | ICICI Bank | Ikea | IDBI First | ITC | Just Dial | Kohler | Kotal Mahindra Bank | L & T Lakme | MakeMyTrip | MyGate | Naukri | Nestle | Oyo | Pantaloons.

Fee Structure:

10.45 L – 13.45 L


Image Source- Careers 360

PG near ITM

14. IBSAR, NAVI Mumbai

Established in 2004, the Institute of Business Studies & Research (IBSAR) is a premier management colleges in Mumbai.
IBSAR is a multidisciplinary business school focusing on actionable business programs, ensuring that education is at all times relevant to the business world. They deliver well-trained business leaders and managers who are able to influence across organisational boundaries.

IBSAR offers you an outstanding learning environment by facilitating the best learning experience possible, which is influenced by the most recent developments in the field and delivered by experienced teachers, researchers, top management professionals and consultants.


Aditya Birla | Accenture | Canon | Axis Bank | Asian Paints | EY | Apollo Times | Bisleri | Club Mahindra | Croma | Bonanza | Citi Bank | Cafe Coffee Day | FedEx | Indiabulls | Edelweiss | HDFC Bank | Godrej | ICICI Bank | Philips | L & T | Raymond | Naukri | Yes Bank.

Fee Structure:

5.7 L


Image Source- Careers360

15. Thakur Institute of Management and Studies, Kandivali

TIMS, one of the best MBA colleges in Mumbai, aims to achieve excellence in providing software education so that students can grasp existing as well as emerging technologies and inculcate leadership and managerial qualities in them so that they can deliver results in the organization they join.

Placements: | Axis Bank | Blackrock | Capgemini | Coca-Cola | Decathlon | Federal Bank | HDFC Bank | HDFC Housing | ICICI Prudential | ICICI Securities | India Bulls | Indusind Bank | Kotak Mahindra Bank | KPMG | Morgan Stanley | Motilal Oswal | Nestle | YesBank.

Fee Structure:

1.91 L


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