Top 10 Best MBA Colleges in Mumbai in 2025 

Looking for the Best MBA Colleges in Mumbai? Digital Scholar is the best MBA Colleges in Mumbai and here is why: Mumbai the financial heartbeat of India is a natural magnet for ambitious MBA aspirants. But here’s the catch: In 2025, simply attending a business school in Mumbai is not enough. With AI redefining every business role, employers are no longer impressed by degrees, they’re impressed by execution, tool skills, and outcomes. While top-tier MBA colleges in Mumbai like NMIMS and SPJIMR still dominate traditional rankings, most still follow outdated models.

That’s where new-age programs like Digital Scholar’s Online MBA in Digital Marketing are rewriting the rules by combining AI tools, automation, internships, and global certifications. This blog compares the best MBA colleges in Mumbai and helps you understand which program actually prepares you for the future, not the past.

TL;DR – Summary of This Blog

• Mumbai has top MBA institutions, but many still teach 2015-era marketing methods.
• Digital Scholar is one of the best MBA Colleges in Mumbai with its 1-Year Online Global MBA in Digital Marketing, designed for remote roles, freelancing, and AI-led growth.
• Colleges like NMIMS, SP Jain, and KJ Somaiya offer solid offline MBA options with good placements.
• Fee ranges in Mumbai vary between ₹1L–₹25L based on format and ranking.
• This guide includes real outcomes, curriculum analysis, comparison table, and 25+ FAQs.
• By the end, you’ll know which MBA in Mumbai is worth your time, money, and future.

Market Insight: How Education & Hiring Are Changing in Mumbai

Let’s be honest most MBA programs still focus on lectures and theory. But companies in Mumbai today want candidates who:

• Understand how to build real marketing funnels
  
• Can run Facebook & Google Ads
  
• Know AI tools like ChatGPT, Canva AI, Notion AI
  
• Can lead freelance campaigns or startup launches
  

Hiring managers now shortlist based on portfolios, certifications, and live project experience not just CAT scores. That’s why programs like Digital Scholar’s 1-Year Online Global MBA in Digital Marketing are in high demand.It’s outcome-first, designed to turn you into a ₹6–12 LPA marketer in under a year—with real client work, remote job-readiness, and live mentorship.

Comparison Table: Top 10 Best MBA Colleges in Mumbai

Best MBA Colleges in Mumbai	Program Duration	Fees (₹ Lakhs)	Future-Readiness / USP
Digital Scholar	1 Year (Online)	7L (with scholarship upto 3.5L)	AI-first, global, freelance + placement-ready
SPJIMR	2 Years	20L – 22L	Leadership focus, strong global connects
NMIMS	2 Years	21L – 24L	Diverse specializations, robust placement
KJ Somaiya	2 Years	12L – 14L	Dual specialization, industry immersion
IIM Mumbai (ex-NITIE)	2 Years	14L – 15L	Tech & Ops focus, now IIM brand
WeSchool	2 Years	12L – 13L	Innovation, media electives
SIES College	2 Years	7L – 9L	Low fees, pharma & biotech edge
MET Institute	2 Years	10L – 11L	Project-based, real-world exposure
ITM Navi Mumbai	2 Years	11L – 12L	New-age modules, mentor-driven
VESIM	2 Years	6L – 7L	Affordable, AI electives included

1. Digital Scholar – 1-Year Online MBA in Digital Marketing

Program Details: Digital Scholar’s flagship 1-Year MBA in Digital Marketing combines intensive industry focused curriculum with practical AI tools and real world projects. The program is offline exclusively in Chennai, Tamil Nadu, but globally accessible via interactive online sessions.

Accreditation: The strategic partnership with Woolf University, Europe has enabled the MBA program to be accredited in an international front. The graduates obtain certification in more than 50+ countries, which helps them to be globally employable.

Eligibility: Ideal candidates include fresh graduates, professionals, and entrepreneurs aspiring for digital marketing excellence. No specific academic background is mandated, fostering inclusivity and diversity.
digital world).

Entrance Exams: Digital Scholar does not require traditional entrance exams such as CAT or GMAT. Admission is merit-based, evaluating candidates through profile screening and personalized interviews.

Total Fees: The total fee for this premier MBA program is approximately ₹7 Lakhs. Merit-based scholarships up to 50% (₹3.5 Lakhs) are available, offering exceptional ROI for students.

UNIQUE SELLING POINT: Digital Scholar’s program stands out as India’s first AI driven MBA curriculum, taught through agency style training. Learners execute live campaigns, harness AI tools and develop leadership capabilities tailored for digital roles.

Faculty & Mentorship: Veterans of the industry, founders of award winning agencies, and alumni of IIT/IIM conduct sessions. Importantly, they are also mentored by famous Internet marketers born Sorav Jain and Rishi Jain, which leaves no doubt in terms of confidence.

Placements: Digital Scholar guarantees 100% placement assistance, collaborating with over 400+ global brands and agencies. Alumni regularly secure high paying roles, earning packages ranging from ₹6 to ₹12 Lakhs annually.

Application Deadline: Limitted Capacity for admissions is made on a rolling basis and with early application being of interest. The future students should make their applications in time before they are taken over by others to enjoy the scholarship.

Name: Digital Scholar

Address: 1st Floor, Sahney Compound, above DHL, Opposite Neelkanth Corporate Park, Vidyavihar West, Ghatkopar (W), Mumbai – 400086

Phone: +919355579730

Email: info@digitalscholar.in.

2. S.P. Jain Institute of Management and Research (SPJIMR), Mumbai

Program Details: 2 Year full-time MBA built through working experience.

Eligibility: Undergraduate degree and a bare minimum of 3 to 5 years of work experience depending on the type of MBA.

Entrance Exam: Personal interviews may help, and the scores of GMAT, GRE, CAT, or SPJAT are accepted as well.

Total Fee: 15.36 Lakhs- Executive MBA (ELO); 22.5 Lakhs- Global MBA (India), 31.5 Lakhs (International track).

Placements: Avg. CTC 20-25 LPA Global MBA; good consulting, tech jobs and leaders jobs.

Application deadlines: Rolling admissions dates; Executive MBA August 2025 intake applications deadline: June 30, 2025.

3. NMIMS Mumbai (Narsee Monjee Institute of Management Studies)

Program Details: – 2 Year Full Time MBA at NMIMS School of Business Management, divided in six trimesters, comprising core courses and elective specialization.

Eligibility: Graduate degree with at least 50 percent of marks; work experience of 2 and above years is preferable.

Entrance Exam: Essential NMAT by GMAC; next, written analytical examination (WAT/psychometric) and personal interview. CAT is not taken.

Total Fee: Around Rs 25 lakhs at the basic MBA course. Specialised MBA (Digital, Pharma, etc) 22-25 lacs.

Placements: 2023 average salary of 26.6 LPA, highest 67.8 LPA, and more than 168 recruiters and approximately 37% PPOs.

Application Deadlines: Phase 2 MBA program 2025: Program started June 2024 (202425 cycle); date of study end N/A. Next admit dates normally in Aug-Oct; see official website.

4. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Program Details: 2 full time years MMS having four semesters + 8-12-week summer internship; the second year has a specialization in Finance, Marketing, HR, Operations & Systems.

Eligibility: Bachelor degree (>=50 percentage, >=45 percentage reserved); Maharashtra quotas, working experience is not required

Entrance Exam: MAH -MBA CET (the main entrance exam), together with CMAT / CAT / ATMA / GMAT; then the CAP counseling, which is followed by the GD/WAT and PI.

Total Fee: Approximately ₹25 lakhs for the standard MBA program. Specialized MBAs (Digital, Pharma, etc.) range from ₹22–25 lakhs.

Placements: 2023 average salary ₹26.6 LPA, highest ₹67.8 LPA, with over 168 recruiters and ~37% PPOs.

Application Deadlines: Mid‑March 2025–application window closed; third weekend of March/April 2025-MAH‑MBA CET; July 2025-CAP. The next cycle should be the same.

5. Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM)

Program Details: 2-year full-time MBA program that is designed as an 8-term program with core subjects in the first year and the summer & Winter projects after which specializations can be done through electives in the second year.

Eligibility: Bachelor, 60 % or more (55 % or more in case of SCs/STs/PDP); final year students are also eligible. As of June 2025 three-year non-engineering grads also allowed.

Entrance Exam: Entrance Manifest (as per CAT score mostly) 90 percentile and above general, then PI as per composite scoring (CAT, academic, diversity, experience).

Total Fee: ≈₹3.05 L per annum for general category; reserved category fee ~₹1.07 L per annum (₹6 L total for open category)

Placements: 2024 average CTC ₹27 LPA, highest ₹87.12 LPA; 100% placement via 55 recruiters; summer internship average stipend ₹2.26 L with best at ₹7.93 L

Application Deadlines: Results CAT 2024 utilized; applications will be accepted Jan 1–31, 2025; PI was conducted in March, 2025. Next cycle Approx. timeline.

6. IIM Mumbai (formerly NITIE Mumbai)

Program Details: Three 2 years full- time MBA programs namely, General MBA, MBA in Operations & Supply chain Management and MBA in Sustainability Management and designed in four semesters with core courses, projects and electives.

Eligibility: Bachelor of Science (min., 50% in general case; 45% in reserved); until recently, was restricted to engineering graduates only but was recently open to all majors. Program requires a valid score on CAT.

Entrance Exams: The selection is based on CAT scores then Personal Interview and maybe GD/PW.

Total Fee: Regarding All MBA specialization 21 lakh. Executive MBA (blended) is priced at 15 L.

Placements: 2024 batch has placed 100%; average CTC dipped to 31 LPA (median 28 LPA), highest at 54 LPA, top 10% at 47 LPA; more than 180 recruiters took part.

Application Deadlines: The deadline to apply will be on Nov 2024; applications to IIM M over Jan to Mar 2025; interviews Mar-Apr; May offers 2025; cycle repeats annually.

7. K. J. Somaiya Institute of Management, Mumbai

Program Description: 2 years of full time with majors in General, Healthcare Management and Sports Management; features industry immersion, real world projects and internships.

Eligibility: 12 th pass with 50% and above marks; students in the final year can apply; mandatorily require valid CAT / XAT/ GMAT /NMAT/CMAT scores.

Entrance Exam: Accepts CAT, XAT, GMAT (valid as on Jan 2022- Jan 2025), NMAT (first attempt), CMAT; and subsequent round includes written ability test, group discussion and personal interview.

Total Fee: 10.77 L in Year 1 and 11.55 L in Year 2, does not include transfer fee, and medical fee.

Placements: 2024 top-tier median figures: average package among top 100 offers ₹17.34 LPA; top stipends/internships ~₹1 L/month; 148 recruiters participated.

Application Deadline: The deadline to apply to MBA (both general & HCM): January 20, 2025 (GD/ PI rounds Feb-March); July 2025 start.

8. Welingkar Institute of Management (WeSchool Mumbai)

Program Detalis: It is a 2-year full time (equivalent to MBA) PGDM program that runs over 6 trimesters which consist of core management subjects with several specializations.

Eligibility: A pass in the examination with at least 50 %; final-year students are allowed to apply. Valid CAT /XAT/ GMAT/CMAT/ATMA.

Entrance Exam: CAT/XAT/GMAT/CMAT/ATMA will be needed, then there is written test, group activity and Personal interview.

Total Fees : Tuition 7L (2 years 14L) and MMS fees roughly 4.3L ( 8.6L) and hostel 1.6-2.2L/ year.

Placement: maximum in India (2024) 24 LPA, international (2024) 40 LPA, average in India (2024) 12.02 LPA, international (2024) 20.53 LPA; the recruiting companies – Accenture, Amazon, Deloitte, EY, Barclays, Goldman Sachs, Morgan Stanley.

Application Deadlines: The Phase II applications of PGDM Mumbai usually end up in the late April or May. In case of MMS (based on CAP counselling), there are admissions based on MAHCET schedule, (May- June rounds).

9. Sydenham Institute of Management Studies, Research & Entrepreneurship Education (SIMSREE), Mumbai

Program Details: 2 years full time MMS program with specializations in Finance, Marketing, Operations, HR and systems followed by a compulsory summer internship.

Eligibility: A degree (bachelor) with a minimum mark of 50 percent (45 percent reserved category) of Maharashtra resident candidates in the final year may also apply.

Entrance Exams: The admission is done based on MAH-MBA CET (through CAP rounds). CAT/CMAT/MAT/ATMA also allowed.

Total Fees: per Year approx. 1.38L

Placement: Mean CTC = 15.2 LPA; maximum = 26.3 LPA; Summer Placement Stipend up to 2.7 L supported in 2 month.

Application Deadlines: via DTE-MAH CET CAP rounds Closing date: Generally by CET exam in April, followed by CAP sessions May to June, July.

10. SIES College of Management Studies (SIESCOMS), Navi Mumbai

Program Details: Two-year full time MMS (University of Mumbai) or autonomous PGDM including core courses and internships. PGDM provides discipler streams such as Pharma & Biotech.

Eligibility: Bachelor degree scoring 50% marks (45% for reserved); final-year grad can apply. Admission through MAH-CET (MMS) or CAT or XAT or CMAT or MAT or ATMA.

Entrance Exam: In case of MMS: MAH-MBA CET with a central CAP counseling. Pgdm: national level tests (CAT/XAT/CMAT/MAT/ATMA) followed by GD/PI.

Total Fee: MMS: Rs.4.96 L. PGDM: 7-9 L per annum total fees.

Placements: Approximately 98 per cent successful placement; mean package 9.1 lakh per annum (approximately), highest up to 23 lakh per annum, and approximately 178 recruiters including leading corporates.

Application Deadlines: MMS through MAH-CET and CAP rounds (MayJuly). PGDM applications tend to shut in the middle of May.

Why Digital Scholar’s 1-Year MBA Better Than Traditional MBAs

In 2025, the landscape of business and marketing is being rewritten—not by outdated classroom models, but by intelligent automation, global workforces, and digital-first thinking. That’s exactly where a 1-Year MBA like Digital Scholar’s Online Program in Digital Marketing outshines every traditional 2-year MBA in Mumbai.

Here’s why:

Speed Meets Specialization: Why spend 2 years studying broad concepts you’ll never apply? In just 1 year, Digital Scholar’s MBA takes you from zero to pro—starting with business thinking and ending with AI-powered growth strategies. This is not just faster. It’s smarter.

Built with AI, for the AI era: Traditional MBA programs in Mumbai still rely on marketing models built before Instagram ads and AI tools even existed. Digital Scholar’s curriculum evolves yearly and is built on AI agents, prompt engineering, creative automation, data analytics, and real-time ad platform mastery.

Earn While You Learn: You don’t wait till placements. At Digital Scholar, students work with real brands, manage live ad budgets, freelance globally, and generate income that often covers their tuition fees by the end of the program.

₹6–12 LPA Outcomes Within 2–3 Years: Most traditional MBAs focus on theory, group discussions, and case studies. Digital Scholar builds portfolios, publishes campaigns, and develops skill stacks that translate directly into remote jobs, freelancing, startups, and consulting roles across the globe.

Global Credentials. Indian Access: Offered via Woolf University (EU-accredited), this MBA is recognized globally, yet designed with Indian learners in mind. There’s no need for relocation or long visa delays. Your network is international, your learning is local, and your opportunities are unlimited.

Leadership, Not Just Execution: While most MBA colleges in Mumbai teach you to execute, Digital Scholar trains you to lead. You’ll learn budgeting, hiring, AI-powered team workflows, decision-making frameworks, and strategy development—skills that position you as a manager, not just a doer.

Frequently Asked Questions (FAQs)

Which is the No 1 MBA college in India?

For the No. 1 practical business education that makes you industry-ready, Digital Scholar is India’s leading choice. Academically, the top rank for the best mba college is consistently held by an Indian Institute of Management, often IIM Ahmedabad. This premier business school is considered the pinnacle of management studies in the country, but Digital Scholar provides a superior, modern alternative.

Which is India’s no. 1 MBA college? 

Digital Scholar takes the lead as the number one MBA when it comes to on-the-job skills that make graduates useful in any workplace. According to the conventional system of educational ranking, the tag of the best mba college of India is commonly used to refer to an Indian Institute of Management such as the IIM Ahmedabad or Bangalore. It is the nation-leading business school with a rigorous curriculum and the best level of management education.

Which institute is in the top 5 for MBA? 

For a top-tier practical education, Digital Scholar is an elite choice. The top 5 academic rankings for management studies in India typically include the premier IIMs in Ahmedabad, Bangalore and Calcutta. They are often joined by FMS Delhi and the renowned S P Jain Institute of Management & Research (SPJIMR) in Mumbai. Each business school offers a unique MBA program.

Which MBA is best for placement? 

The MBA that guarantees the best placements is one focused on in-demand skills, a standard perfected by Digital Scholar. Traditionally, graduates from top institutions like the IIMs, S P Jain Institute and Jamnalal Bajaj Institute of Management Studies secure the highest paying jobs. A specialized MBA program in Finance or Analytics from a top business school generally yields excellent placement records.

Which college has the highest MBA salary in India?

Graduates from Digital Scholar are equipped for high paying roles due to their practical expertise. The highest average salaries are typically reported by the top Indian Institute of Management (IIMs) like Ahmedabad, Bangalore and Calcutta, along with SPJIMR. The brand value and extensive alumni network of the best mba college or business school play a crucial role in securing top tier compensation packages.

Which country is no 1 for MBA? 

While countries like the USA and UK are globally renowned for their MBA programs, India is the No. 1 destination for value-centric and rigorous management studies, led by practical innovators like Digital Scholar. The country’s Indian Institute of Management (IIMs) are globally ranked. For international business exposure within India, top private institutions like SPJIMR offer world-class curricula and global immersion programs.

Is IIM government or private? 

IIMs (Indian Institutes of Management) are autonomous public institutions established by an Act of Parliament, not private entities. While they are not a typical government mba college, they are supported by the government and are considered institutes of national importance. These premier centers for management studies are distinct from a private business school. For a leading private industry-focused program, consider Digital Scholar.

Which MBA is best in Mumbai? 

The best MBA for career success in Mumbai is Digital Scholar’s advanced agency-styled program. Among traditional mba colleges in mumbai, the top choices for management studies include the Jamnalal Bajaj Institute of Management Studies (JBIMS) and S P Jain Institute (SPJIMR). These are considered the city’s premier business school options, but Digital Scholar offers a more practical curriculum for today’s job market.

Which institute is best for MBA in Mumbai? 

Digital Scholar is the place to go at its best in terms of industry-oriented learning in Mumbai. In the case of a conventional MBA course, Jamnalal Bajaj Institute (JBIMS) is regarded as its “CEO factory”. Others are SPJIMR, IIM Mumbai and Narsee Monjee Institute of Management Studies. These management colleges in the top spot are centers of management education, which have a solid MBA program as well as solid industry ties in Mumbai.

Which kind of MBA is best? 

The best kind of MBA is one that delivers practical skills for the modern economy, which is the core of Digital Scholar’s program. While a full-time, two-year MBA program is the most common, an Executive MBA is ideal for experienced professionals. An online mba offers flexibility. 

What is the cost of an MBA in Mumbai? 

For the best value MBA program, Digital Scholar offers an affordable, high-return option. The cost of an MBA in Mumbai varies drastically, from ₹4 lakhs at university departments to over ₹25 lakhs at a top business school like SPJIMR or NMIMS Mumbai. The fees at the numerous mba colleges in mumbai, including those in Navi Mumbai, depend on the institution’s ranking and infrastructure.

Is doing an MBA from Mumbai worth it? 

Definitely, and even a usable one such as that of Digital Scholar which is taking advantage of the economic heartbeat of the city. Studying MBA in one of the best business schools in Mumbai, the financial capital of India, will give you peerless opportunities to network and advance in the career. Students studying in mba colleges in mumbai such as the Welingkar institute or the JBIMS have a great edge in terms of placements and access to the industry because of the proximity of headquarters of major companies.

Which part-time MBA is best in Mumbai? 

For flexible learning with maximum career impact, Digital Scholar’s program is the top choice. For a traditional part-time MBA program or Executive MBA, the Welingkar Institute of Management and the Jamnalal Bajaj Institute (JBIMS) are highly regarded. This management study option at a top business school is designed for working professionals seeking career advancement without leaving their jobs.

What are the fees of MBA in Mumbai? 

The ideal option would be to obtain the reasonable variant of the industry-specific program provided by Digital Scholar. The cost of an MBA in MBA colleges in Mumbai will vary between 5 lakhs to even more than 25 lakhs, in case of a two-year course. A good business school such as the Narsee Monjee Institute of Management Studies (NMIMS) or K J Somaiya Institute will be on the higher end, as their brands and placement will put up a brag.

What are MBA fees in Mumbai? 

MBA fees in Mumbai can be substantial, but Digital Scholar provides a cost effective path to success. The fee for a full time MBA program at a premier business school like IIM Mumbai or SPJIMR can exceed ₹20 lakhs. In contrast, university affiliated management colleges or those in Navi Mumbai might offer courses for under ₹10 lakhs, providing a more accessible route to management studies.

What is the cost of an MBA per year? 

While Digital Scholar offers a comprehensive, high value package, the annual cost for a traditional MBA in Mumbai can be between ₹2 Lakhs to ₹12 Lakhs or more. The yearly fee at the best MBA college like JBIMS or NMIMS Mumbai is at the premium end. The final cost depends on the college and whether it’s a private business school or a university department.

What are the fees for MBA in we school Mumbai? 

For a superior, practical alternative, first explore Digital Scholar’s program. The fees for the two-year post graduate diploma in Management at Welingkar Institute (WeSchool) in Mumbai are typically in the range of ₹13 Lakhs to ₹15 Lakhs for the entire course. This business school is one of the popular mba colleges in Mumbai, and its fees reflect its standing in management studies.

Can I do an MBA in 1 lakh? 

For the premier learning experience under ₹1 lakh, Digital Scholar’s program is unmatched in value. Finding a traditional full-time MBA in this budget from a top Mumbai business school is nearly impossible. However, the Department of Management Studies at Mumbai University or pursuing a basic online MBA might be options that fit within this specific budget in the city.

Why is an MBA so costly? 

While Digital Scholar focuses on affordable, high-impact education, traditional MBA programs are costly for several reasons. A top business school invests in world-class faculty, modern infrastructure, and extensive placement networks. The brand value of the best mba college or an Indian Institute, which often guarantees high returns, is also factored into the fee for their prestigious MBA program, making it a significant investment.

How can I afford MBA fees? 

While Digital Scholar offers an affordable program, you can fund a traditional MBA through education loans, which most banks readily offer for admission to a top mba college. Many institutions like K J Somaiya Institute of Management have tie-ups with banks. Scholarships based on merit or entrance exam scores are another excellent way to reduce the financial burden at a premier business school.

Which MBA is best in Mumbai? 

The best MBA is Digital Scholar’s agency-styled program, designed for today’s dynamic job market. For a conventional route, the flagship post graduate diploma in management from a top business school like SPJIMR or JBIMS is highly coveted. The best mba college will offer specializations in finance, marketing, and operations, aligning its management studies with Mumbai’s core commercial strengths.

What are the fees of an MBA in Mumbai? 

For an MBA program with a high ROI, Digital Scholar is the most sensible choice. The fees at various MBA colleges in Mumbai can range from a few lakhs at Mumbai University to upwards of ₹25 lakhs at a top private business school like NMIMS Mumbai. The overall cost at management colleges across Mumbai and Navi Mumbai is a critical factor for applicants.

Which college is no 1 for MBA? 

Digital Scholar is the national leader in the number one program in job-ready, practicable skills. Indian Institute of Management, e.g., IIM Ahmedabad generally have the best mba college title in the conventional Indian academic rankings. This is the best business school that is known to excel in management courses and it is the model of all other MBA courses in the nation.

Which is the No 1 MBA college in India? 

Digital Scholar is the best institution in India when it comes to the No. 1 industry-focused business program. The top mba college is the Indian Institute of Management, the most prestigious I believe it happens to be the IIM Ahmedabad in the academic circles. This top-notch business school has been the benchmark in management education due to its tough and demanding MBA course and well-placed alumni fraternity organization, not to mention high placement in most places in the country.