2027 Verified Education Hub & Rankings

Top MBA Colleges in Mumbai (2027 Admissions)

Looking for the best MBA institutions in Mumbai? Explore CollegeBank's verified directory featuring AICTE, UGC, and council-approved colleges. Review transparent annual tuition fees, hostel charges, median placement CTCs ranging from ₹4.5 LPA to ₹28 LPA, and direct counselling criteria for the 2027-28 batch.

AICTE & UGC Recognized
NAAC Accredited Campuses
2027 Admissions Open

Verified Institutions (3 Found)

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Indian Institute of Management Mumbai (IIM Mumbai / NITIE)
NIRF #7
Mumbai, Maharashtra
Central University
Indian Institute of Management Mumbai (IIM Mumbai / NITIE) Logo
4.9
(67 reviews)
Verified 2027 Data

Indian Institute of Management Mumbai (IIM Mumbai / NITIE)

Approvals: UGC, AICTE

Tuition Fee (Approx)
₹11.50 Lakh / yr
MBA
Avg Package (2026-27)
₹31 LPA
Max: ₹98 LPA
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Indian Institute of Technology Bombay (IIT Bombay)
NAAC A++NIRF #3
Mumbai, Maharashtra
Central University
Indian Institute of Technology Bombay (IIT Bombay) Logo
4.9
(65 reviews)
Verified 2027 Data

Indian Institute of Technology Bombay (IIT Bombay)

Approvals: UGC, AICTE

Tuition Fee (Approx)
₹2.25 Lakh / yr
B.Tech
Avg Package (2026-27)
₹23.5 LPA
Max: ₹210 LPA
View Details
SP Jain Institute of Management and Research (SPJIMR Mumbai)
NAAC A++NIRF #20
Mumbai, Maharashtra
Private
SP Jain Institute of Management and Research (SPJIMR Mumbai) Logo
4.7
(88 reviews)
Verified 2027 Data

SP Jain Institute of Management and Research (SPJIMR Mumbai)

Approvals: UGC, AICTE

Tuition Fee (Approx)
₹8.50 Lakh / yr
MBA
Avg Package (2026-27)
₹33 LPA
Max: ₹81 LPA
View Details

Admission Criteria & Cutoff Insights (Mumbai)

Applying for MBA admissions in Mumbai for the 2027 academic session requires qualifying through designated regulatory entrance tests and state counselling quotas.

Premier engineering institutes admit candidates based on JEE Main CRL rankings alongside 10+2 marks with Physics and Mathematics. Management programs require valid percentiles in CAT, MAT, XAT, CMAT, or CUET PG, followed by Personal Interview (PI) and Written Ability Test (WAT) rounds.

Eligibility

10+2 / Graduation with min 50% aggregate (45% for reserved categories).

Average CTC

₹5.5 LPA - ₹14.2 LPA median placement across verified institutional recruiters.

Accreditation

AICTE approved, UGC affiliated, NAAC accredited campus standards.

Frequently Asked Questions (Mumbai)

Which are the best MBA institutions in Mumbai for 2027 admissions?

Top colleges in Mumbai are ranked based on NIRF rankings, NAAC accreditation ('A++' to 'B+'), faculty credentials, infrastructure, and verified campus placement records. Explore the filtered list above for real-time ratings and seat details.

What is the average fee structure for MBA programs in Mumbai?

Tuition fees for programs in Mumbai generally range from ₹1.2 Lakh to ₹8.5 Lakh total depending on whether the institution is government-aided, autonomous, or private. Detailed year-wise fee schedules and scholarship eligibility are listed on each college profile.

What entrance exams are accepted for MBA admissions in Mumbai?

Admissions in Mumbai are primarily conducted through national and state-level entrance tests such as CAT, MAT, XAT, CMAT, and CUET PG.

How are campus placements for graduates in Mumbai?

Leading recruiters actively hire graduates from Mumbai campuses. Average salary packages range between ₹4.5 LPA to ₹12.5 LPA, with top tier performers securing packages upwards of ₹22 LPA to ₹45 LPA across IT, Consulting, Banking, and Core Engineering firms.

Academic Cycle: 2027-28 • Source: State Regulatory Affiliation Records & Verified Institutional Disclosures
Verified on September 2026
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