Cheapest MBA Colleges in Mumbai 2026: Low Fees, Total Cost & CAT Cutoff
12 MBA and PGDM colleges in Mumbai are listed in our directory, with total two-year fees from ₹3.8 L (LLIM) to ₹23.9 L (KJSIM). 2 of them list ₹5 lakh or less. The best placement-to-fee ratio is MET Mumbai at 1.83.
Mumbai at a glance (directory data): 12 colleges are listed. The three lowest fees are LLIM (₹3.8 L), MET Mumbai (₹4.1 L), TIMSR (₹5.1 L). Colleges whose admitted band starts at 60 percentile or lower: LLIM (50–60, ₹3.8 L), MET Mumbai (55–70, ₹4.1 L), TIMSR (60–70, ₹5.1 L), XIMR (55–65, ₹6.2 L), VESIM (60–70, ₹6.4 L). Bands are the range a college has admitted at, not a promise of admission. See also all MBA colleges in Mumbai, Mumbai without CAT and low-fee MBA colleges across India.
MBA colleges in Mumbai ranked by total fee
| College | City | CAT band | Total fee | Avg CTC | CTC ÷ fee | Also accepts |
|---|---|---|---|---|---|---|
| LLIMLala Lajpatrai Institute of Management | Mumbai | 50–60 %ile | ₹3.8 L | 5.5 LPA | 1.45 | MAH-CET, CMAT, XAT, MAT, ATMA, NMAT, GMAT |
| MET MumbaiMET Institute of Management | Mumbai | 55–70 %ile | ₹4.1 L | 7.5 LPA | 1.83 | MAH-CET, CMAT, XAT, MAT, ATMA, GMAT |
| TIMSRThakur Institute of Management Studies and Research | Mumbai | 60–70 %ile | ₹5.1 L | 7.5 LPA | 1.47 | MAH-CET, CMAT |
| XIMRXavier Institute of Management and Research | Mumbai | 55–65 %ile | ₹6.2 L | 6 LPA | 0.97 | MAH-CET, CMAT, MAT, ATMA |
| VESIMVivekanand Education Society's Institute of Management Studies and Research | Mumbai | 60–70 %ile | ₹6.4 L | 6.1 LPA | 0.95 | MAH-CET, XAT, CMAT, MAT, ATMA, GMAT |
| IES MCRCIES Management College and Research Centre | Mumbai | 70–80 %ile | ₹8.6 L | 7.5 LPA | 0.87 | XAT, CMAT, MAH-CET, MAT, ATMA, GMAT |
| CIMRChetana's Institute of Management and Research | Mumbai | 70–80 %ile | ₹9.6 L | 7 LPA | 0.73 | XAT, CMAT, MAH-CET, MAT, ATMA |
| SIESCOMSSIES College of Management Studies | Navi Mumbai | 60–75 %ile | ₹10 L | 8.8 LPA | 0.88 | XAT, CMAT, MAH-CET, MAT, ATMA, GMAT |
| ITM Navi MumbaiITM Business School | Navi Mumbai | 50–78 %ile | ₹13.5 L | 8.7 LPA | 0.64 | XAT, NMAT, CMAT, MAT, ATMA, MAH-CET |
| WeSchool MumbaiPrin. L. N. Welingkar Institute of Management Development and Research | Mumbai | 70–80 %ile | ₹14 L | 11.7 LPA | 0.84 | XAT, CMAT, ATMA, GMAT |
| NLDIMSRN. L. Dalmia Institute of Management Studies and Research | Mumbai | 75–85 %ile | ₹16.5 L | 11.2 LPA | 0.68 | XAT, CMAT, MAH-CET, MAT, ATMA, GMAT |
| KJSIMK J Somaiya Institute of Management | Mumbai | 84–92 %ile | ₹23.9 L | 13.1 LPA | 0.55 | XAT, NMAT, CMAT, GMAT |
Cheapest first. Total two-year programme fee excluding hostel; ROI is average placement ÷ total fee.
How to judge value, not just price
A low fee only helps if the placement figure supports it. Divide average placement by total fee: above about 0.9 is healthy for this tier, and below 0.6 needs a good reason. Colleges with no published placement figure show “n/a” — treat that as unknown, not as zero.
In Mumbai, the strongest ratio in our data is MET Mumbai (MET Institute of Management): 7.5 LPA on a ₹4.1 L fee.
Frequently asked questions
What is the cheapest MBA college in Mumbai?
In our directory it is LLIM (Lala Lajpatrai Institute of Management) at ₹3.8 L total fees, excluding hostel. Confirm the current fee with the institute.
Which MBA colleges in Mumbai cost under ₹5 lakh?
2 of the 12 colleges we list: LLIM (₹3.8 L), MET Mumbai (₹4.1 L).
Do the cheapest MBA colleges in Mumbai accept CAT?
Some do, but a low fee often signals a government or state-university seat. Maharashtra state-quota seats run through MAH-CET and CAP rounds, which are separate from CAT. Check the exams column for the test each college accepts.
Is an MBA in Mumbai worth the fee?
Use placement ÷ fee. The best ratio in our Mumbai data is MET Mumbai at 1.83. Above about 0.9 is healthy for this tier.
Which Mumbai MBA colleges have low fees and take a low CAT percentile?
In our directory, LLIM (₹3.8 L, band 50–60), MET Mumbai (₹4.1 L, band 55–70), TIMSR (₹5.1 L, band 60–70), XIMR (₹6.2 L, band 55–65) combine a band starting at 60 or lower with the lowest fees in Mumbai. Confirm current fees and cut-offs with each institute.
Before you pay anything: check that the college is AICTE-approved and know the refund rules.
Sources & methodology
Fees are total two-year programme fees excluding hostel, as listed in this site’s college directory (data verified 4 September 2026). Add hostel, mess and exam costs before comparing, and confirm the current fee in the institute’s admission brochure before you pay anything.