List of TOI RANKED M.Phil/Ph.D in Management Colleges in Mumbai Based on 2026 Ranking

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m1SiNSPopularityRatingHighest FeesLowest Fees

CD Rank	Colleges	Course Fees	Placement	User Reviews	Ranking
#1	SPJIMR, Mumbai Mumbai, Maharashtra \|AICTE, NBA, AACSB, AMBA Approved CD Score: 869/1000	₹ 36,00,000FPM- Total FeesCompare Fees	₹ 33,75,000Average Package₹ 75,00,000Highest Package100% PlacementCompare Placement	4.2 / 5 Based on 45 User ReviewsBest in Placements	#3^th/100 in India for Management 2026 + 6 More
#2	IIM Mumbai - Indian Institute of Management, Mumbai Mumbai, Maharashtra \|AICTE Approved CD Score: 829/1000	₹ 9,35,000Ph.D Executive- Total FeesCompare Fees	₹ 30,11,000Average Package₹ 54,00,000Highest PackageCompare Placement	4.3 / 5 Based on 72 User ReviewsBest in Placements	#24^th/50 in India for Management 2019 + 5 More
#3	TISS Tata Institute of Social Sciences, Mumbai Mumbai, Maharashtra \|UGC Approved CD Score: 833/1000 NAAC A+	₹ 4,61,050Ph.D Health Services Management- Total FeesCompare Fees	₹ 28,20,000Average Package₹ 36,25,000Highest PackageCompare Placement	4 / 5 Based on 87 User ReviewsBest in Academics	#19^th/50 in India for Management 2019 + 4 More
#4	JBIMS Mumbai, Mumbai Mumbai, Maharashtra \|AICTE Approved CD Score: 811/1000	₹ 48,390Ph.D Management Studies- Total FeesCompare Fees	₹ 26,48,000Average Package₹ 55,60,000Highest PackageCompare Placement	4.2 / 5 Based on 39 User ReviewsBest in Placements	#10^th/50 in India for Management 2019 + 3 More

CD Rank	Colleges	Course Fees	Placement	User Reviews	Ranking
#5	Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai Mumbai, Maharashtra \|AICTE, UGC Approved CD Score: 1675/2000	₹ 92,700Ph.D Finance- Total FeesCompare Fees	₹ 28,16,000Average Package₹ 53,80,000Highest Package100% PlacementCompare Placement Placement Score: 692/1000	4.4 / 5 Based on 28 User ReviewsBest in Infrastructure	#42^th/50 in India for Management 2019 + 3 More
#6	Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University], Mumbai Mumbai, Maharashtra \|AICTE, COA, PCI, BCI, UGC Approved CD Score: 801/1000 NAAC A++	₹ 30,00,000Ph.D Management- Total FeesCompare Fees	₹ 25,13,000Average Package₹ 67,70,000Highest PackageCompare Placement	4.1 / 5 Based on 1042 User ReviewsBest in Academics	#6^th/50 in India for Management 2019 + 4 More
#7	KJ Somaiya Institute of Management, Mumbai Mumbai, Maharashtra \|UGC, AACSB Approved CD Score: 661/1000 NAAC A	₹ 3,26,000Ph.D Finance- Total FeesCompare Fees	₹ 13,05,000Average Package₹ 29,30,000Highest PackageCompare Placement	4 / 5 Based on 136 User ReviewsBest in Infrastructure	#7^th/150 in India for Management 2022 + 4 More
#8	Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai Mumbai, Maharashtra \|AICTE Approved CD Score: 665/1000	₹ 71,050Ph.D Management Studies- Total FeesCompare Fees	₹ 15,10,000Average Package₹ 22,50,000Highest Package100% PlacementCompare Placement	3.8 / 5 Based on 19 User ReviewsBest in Placements	#39^th/50 in India for Management 2019 + 3 More

CD Rank	Colleges	Course Fees	Placement	User Reviews	Ranking
#9	S.P Mandali's Prin L.N Welingkar Institute of Management Development & Research (WeSchool), Mumbai Mumbai, Maharashtra \|AICTE, NBA Approved CD Score: 617/1000	--Ph.D Management Studies	₹ 11,68,000Average Package₹ 40,00,000Highest Package	4 / 5 Based on 182 User ReviewsBest in Academics	#16^th/50 in India for Management 2019 + 5 More
#10	N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR], Mumbai Mumbai, Maharashtra \|AICTE, NBA, AIU, AACSB Approved CD Score: 512/1000 NAAC A+	--Ph.D Management	₹ 11,17,000Average Package₹ 24,00,000Highest Package	4.1 / 5 Based on 37 User ReviewsBest in Infrastructure	#21^th/100 in India for Management 2026 + 4 More
#11	MET Institute of Management - [MET IOM], Mumbai Mumbai, Maharashtra \|AICTE Approved CD Score: 937/2000 NAAC B+	₹ 2,40,000Ph.D Management- Total Fees	₹ 7,00,000Average Package₹ 20,00,000Highest Package Placement Score: 341/1000	3.6 / 5 Based on 32 User ReviewsBest in Faculty	#25^th/100 in India for Management 2026 + 2 More
#12	VES Institute of Management Studies and Research - [VESIM], Mumbai Mumbai, Maharashtra \|AICTE, NBA Approved CD Score: 421/1000	₹ 2,10,000Ph.D Management Studies- Total Fees	₹ 6,39,000Average Package₹ 13,80,000Highest Package	4 / 5 Based on 64 User ReviewsBest in Faculty	#39^th/100 in India for Management 2026 + 3 More

CD Rank	Colleges	Course Fees	Placement	User Reviews	Ranking
#13	IES's Management College and Research Centre - [IES MCRC], Mumbai Mumbai, Maharashtra \|AICTE, NBA, AIU Approved CD Score: 396/1000	₹ 2,16,000Ph.D Management Studies- Total Fees	₹ 8,80,000Average Package₹ 10,00,000Highest Package	3.8 / 5 Based on 33 User ReviewsBest in Academics	#53^th/100 in India for Management 2026 + 3 More
#14	Chetana's Institute of Management and Research - [CIMR], Mumbai Mumbai, Maharashtra \|AICTE, NBA Approved CD Score: 378/1000	--Ph.D Management Studies	₹ 7,25,000Average Package₹ 11,15,000Highest Package	4 / 5 Based on 22 User ReviewsBest in Infrastructure	#32^th/100 in India for Management 2026 + 3 More
#15	Sheila Raheja School of Business Management & Research - [SRBS], Mumbai Mumbai, Maharashtra \|AICTE Approved CD Score: 567/2000 NAAC B++	--Ph.D Management Studies	₹ 4,10,000Average Package₹ 12,60,000Highest Package Placement Score: 145/1000	4.4 / 5 Based on 33 User ReviewsBest in Faculty	#95^th/100 in India for Management 2026 + 2 More
#16	Thakur Institute of Management Studies and Research - [TIMSR], Mumbai Mumbai, Maharashtra \|NBA Approved NAAC A+	--Ph.D Management	₹ 15,00,000Highest Package100% Placement	3.9 / 5 Based on 20 User ReviewsBest in Infrastructure	#61^th/79 in India for Management 2020 + 1 More

CD Rank	Colleges	Course Fees	Placement	User Reviews	Ranking
#17	Durgadevi Saraf Institute of Management Studies - [DSIMS], Mumbai Mumbai, Maharashtra \|AICTE, NBA Approved CD Score: 429/1000 NAAC B+	₹ 82,015Ph.D Management- Total Fees	₹ 6,25,000Average Package₹ 10,40,000Highest Package	3.9 / 5 Based on 12 User ReviewsBest in Infrastructure	#36^th/100 in India for Management 2026 + 2 More
#18	Aditya Institute of Management Studies and Research - [AIMSR], Mumbai Mumbai, Maharashtra \|AICTE Approved NAAC B+	--Ph.D Management Studies	₹ 7,75,000Average Package₹ 25,00,000Highest Package	4 / 5 Based on 16 User ReviewsBest in Faculty	#51^th/100 in India for Management 2025
#19	Amity University, Mumbai Mumbai, Maharashtra \|AICTE, RCI, COA, BCI, UGC Approved CD Score: 489/1000 NAAC A+	₹ 11,01,000Ph.D Human Resource Management- Total FeesCompare Fees	₹ 8,10,000Average Package₹ 28,00,000Highest PackageCompare Placement	4.1 / 5 Based on 100 User ReviewsBest in Social Life	#24^th/100 in India for Management 2026 + 4 More
#20	Mumbai Educational Trust - [MET], Mumbai Mumbai, Maharashtra \|AICTE, COA, PCI, NBA, ACCA Approved CD Score: 436/1000	₹ 3,65,000Ph.D Management- Total Fees	₹ 8,50,000Average Package₹ 20,00,000Highest Package	4.2 / 5 Based on 77 User ReviewsBest in Infrastructure	#33^th/100 in India for Management 2025 More