MBA Colleges Accepting MAT Score in Mumbai 2026: Ranks & Fees

The Management Aptitude Test (MAT) is one of the most widely accepted MBA entrance exams in India. Conducted by the All India Management Association (AIMA) in multiple cycles (February, May, September, and December), MAT is a popular choice for candidates who want to bypass the high difficulty of CAT/XAT while still targetting premium B-schools.

Mumbai, the financial capital of India, is home to headquarters of leading banks, financial institutions, and corporate giants. Pursuing an MBA in Mumbai provides unmatched corporate exposure. Multiple premium private institutes accept MAT scores for their management programs.

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🏛️ Top MBA/PGDM Colleges Accepting MAT in Mumbai

Here is the detailed overview of the top management institutes in Mumbai accepting MAT scores for the 2026 admission cycle:

1. Welingkar Institute of Management (WeSchool)

Known for design thinking, business design programs, and top placement profiles.

• MAT Cutoff Percentile: 80+ Percentile
• Approx Tuition Fees (2 Years): ₹14.0 Lakhs
• Average Placement Package: ₹12.5 LPA

2. ITM Business School (Navi Mumbai)

Offers extensive internship structures and specialized industry-integrated curriculum.

• MAT Cutoff Percentile: 70+ Percentile
• Approx Tuition Fees (2 Years): ₹11.95 Lakhs
• Average Placement Package: ₹8.60 LPA

3. Universal AI University

India's first AI-focused university, offering beautiful green campus and global faculty.

• MAT Cutoff Percentile: 65+ Percentile
• Approx Tuition Fees (2 Years): ₹11.80 Lakhs
• Average Placement Package: ₹8.20 LPA

4. N. L. Dalmia Institute of Management Studies

Highly respected for finance profiles, with state-of-the-art Bloomberg labs.

• MAT Cutoff Percentile: 75+ Percentile
• Approx Tuition Fees (2 Years): ₹13.20 Lakhs
• Average Placement Package: ₹10.2 LPA

5. JAGSoM (Vijaybhoomi University Campus)

Offers global standard business curriculum with strong marketing and analytics links.

• MAT Cutoff Percentile: 70+ Percentile
• Approx Tuition Fees (2 Years): ₹12.00 Lakhs
• Average Placement Package: ₹8.50 LPA

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📊 Summary Comparison: MAT Colleges in Mumbai (2026)

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💡 Crucial Tips for MAT Admissions in Mumbai

1. Welingkar (WeSchool) is one of the highest-rated colleges in Mumbai accepting MAT scores; keep it at the top of your preference list.
2. For finance-focused students, N. L. Dalmia is a phenomenal option in Mumbai.
3. Ensure you keep track of separate application deadlines for individual Mumbai colleges.

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🙋 Need Expert Guidance for Your MBA Admission?

Choosing the right business school is one of the most critical decisions of your professional journey. With multiple MAT cycles, varying cutoffs, and distinct specialization strengths across institutes, making a choice can feel overwhelming.

Confused about which MAT-accepting colleges deliver the best placements? Or trying to figure out which private university offers the best placement for your chosen specialization? Mohit Jain’s "MBA Admission Audit" helps you navigate the cutoffs, select the right entrance exams, and build a customized application strategy to secure admission to your dream college.

👉 Book My B-School Strategy Session | 💬 Chat with Mohit

Source: Shiksha.com

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Looking for more resources? Explore Our Premium MBA Mock Test Series 2026 to get real-time exam experience and detailed performance analytics.

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