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Top 10 Commerce Colleges in Mumbai 2025: Ranking, Fees, Admission, Courses & Placements

NS
Neelakshi Suneja • 7 Mins read • 23 Aug 25
Top 10 Commerce Colleges in MumbaiTop 10 Commerce Colleges in Mumbai

Mumbai, the financial capital of India is the hub of most prestigious commerce colleges. Presently, it stands as the foremost choice of the aspirants who are willing to build a solid foundation in commerce and related fields. With the diverse range of options, there are nearly 125+ best commerce colleges in Mumbai including 100+ private and 20+ government -run institutions. Along with these some distance learning commerce institutes present in Mumbai, Maharashtra.

Students can choose from accounting , finance & economics. The universities offer the opportunity to choose among their most popular undergraduates & post graduate courses like traditional courses of B.com as well as specialized courses (BMS, BBI, BFM, BAF), based on career aspirations of candidates. Top 10 commerce colleges in Mumbai accept applicants primarily through university merit list, CUET-UG scores and institute entrance exams. 


Top 10 Commerce Colleges in Mumbai: Quick Highlights

When talking about Mumbai, commerce field students will get emerging top 10 colleges with top notch education quality and wide career options. Those who are willing to enroll in to 10 commerce colleges in Mumbai walk through this quick overview presented in the table below:

Particulars 

Details (2025)

Location Of Colleges

Mumbai, Maharashtra 

Field 

Commerce

Number of Commerce Colleges 

120+ (100+ private 20+ govt. & some distance)

NAAC 

All the top colleges have A/A+ grade

Fee ranges

₹5,000- ₹3,00,000 per year

Admission Test

CUET , Merit list of Mumbai University, College -level rounds 

Academic Eligibility

10-12th with 45-60% in commerce from the recognized Board. 

Cut-offs

94-99% for top 10 colleges

Scholarship 

Yes

Average Package

₹4lakh - ₹7lakh per year


Top 10 Commerce Colleges in Mumbai: NAAC Grade & NIRF Ranking 

While discussing upon top 10 commerce colleges in Mumbai, NAAC accreditations and NIRF results is the 1st criteria to consider. Although, it sets a benchmark that defines the academic credibility of colleges. 


Top 10 Commerce Colleges in Mumbai Ranking

The tabulated data shows the top 10 commerce colleges in Mumbai with their NIRF ranking for 2024 and 2025. In addition to this, you will find the NAAC grade and CGPA, which are as follows:

College Name 

NAAC Grade & CGPA

NIRF Ranking 2024 & 2025

Narsee Monjee (NM) College of Commerce & Economics

Grade - A

CGPA - 3.42

-

St. Xavier’s College, Mumbai

Grade -A+

89

HR College of Commerce & Economics

Grade -A

-

Mithibai College of Arts Science & Commerce

Grade -A

CGPA - 3.57

-

Jai Hind College

Grade -A

CGPA -3.52

-

K J Somaiya College of Arts & Commerce

Grade -A

CGPA - 3.27

-

K.C. College, Mumbai

Grade -A

CGPA - 3.41

-

R.A. Podar College of Commerce & Economics

Grade -A+

CGPA - 3.63

-

Hinduja College of Commerce

Grade -A

-

Sydenham College of Commerce & Economics 

Grade -A

-


Top Commerce Colleges in Mumbai: Government, Private or Distance

These are more reputed commerce colleges in Mumbai like:

  • Top Government commerce college in Mumbai 
  • Top Private commerce college in Mumbai
  • Top Distance learning commerce college in Mumbai

The data includes more reputed commerce colleges Mumbai with their fee range:

Type of Other Colleges

Top 3 Government Commerce Colleges in Mumbai

R.A. Podar College

K.C. College

Sydenham College of Commerce & Economics

Tuition Fees: ₹5000 - ₹ 17000 per year

Top 3 Private Commerce Colleges in Mumbai 

Narsee Monjee College of Commerce & Economics

HR College of Commerce & Economics

Mithibai College

Total Fees: ₹70,000- 3 lakh per year

Top 2 Distance Commerce Colleges in Mumbai 

Institute of Distance & Open Learning (IDOL)

Centre for Distance Education, SNDT Women’s University

Fee Range: 10,000-20,000 per year


Top 10 Commerce Colleges in Mumbai: Admission

These top 10 commerce colleges in Mumbai admission process follows certain essential things to accept enrolling applications. Obviously, the competition for entry in these colleges is high. However,  getting aware of qualification criteria in advance would help you to prepare in advance. Admission will be based upon:

  • Academic performance and qualifying marks.
  • CUET exam results and Mumbai University cutoff.
  • Scholarship available for meritorious aspirants.

Students also search for critical factors to apply for their desired universities. Such as:

  • Eligibility Criteria 
  • Admission or Qualifying test
  • Popular Commerce Courses & their fee structure 
  • Placements opportunities & top tie-ups.
  • Scholarship available , if any.

Students can see the details for each of these mentioned criteria:

Criteria

Details

Eligibility

10-12th with 45-60% in commerce from the recognized Board. 

Top Tests

CUET -UG

Courses & Fee Structure 

B.com : ₹5000 - ₹75,000

BMS/BBI/BAF/BFM - ₹50,000 - ₹3,00,000 


Top Commerce Colleges in Mumbai: Scholarship 

Mumbai also gives you scholarship & fellowship options to support your studies. Securing a seat in top 10 commerce colleges in Mumbai  scholarship always counted as a worthy option. Commerce aspirants in Mumbai can navigate into institutional and a wide state & central spectrum of government schemes. See the breakdown with purpose and benefits students can enjoy:

Scholarship Type

Eligibility 

Benefits 

Institutional Scholarships & Freeships 

Differently- abled, meritorious students and reserved minority (SC,ST,OBC,VJNT,SBC )

Fee waivers

Freeships

Merit prizes

PG Scholarships

Rajarishi Chhatrapati Shahu Maharaj Fee Reimbursements

Open for students with <₹8 lakh family income 

50-80% tuition fee Reimbursement

Post -Matric - Govt. of Maharashtra MahaDBT)

Family income <₹2.5- 8lakhs)

Tuition fee waiver

Exam fee waiver

Monthly stipend 

Eklavya 

UG >or=60% marks, pursuing Pg in commerce /Arts

₹5000 annually

Azim Premji Foundation Scholarship - From 2025 onwards) 

Girl students in government/aided/private colleges - UG level

₹25-30,000 yearly for 3 years


Top 10 Commerce Colleges in Mumbai: Placements & Career Prospects

Mumbai top colleges maintain their solid reputation through impressive career options. They also provide a strong corporate network. Students should know the future results for selecting Mumbai as their education. Candidates will get:

  • Game changing roles in their desired companies.
  • They can select from a plethora of market oriented specializations.

Walk through this table to note down the key information related to job prospectus. You will find Average or highest package, Specialization and roles you can play in top industries.

Placement Particulars

Details

Average Package

₹4lakh - ₹7lakh per year

Highest Package

₹12 lakh-15lakh per year 

Specialization in Demand

Accounting 

Finance

Accounting & Finance 

Banking & Insurance

Financial Markets

Business Management & Analytics

Top Recruiters

Deloitte

EY

PwC

KPMG

ICICI

HDFC

TCS

Wipro

Axis

Kotak

Infosys

Wipro

HUL

Reliance

Aditiya Birla

Top Sector

Consulting 

Finance

Banking

IT & Analytics

FMCG & Retail

Top Roles

Financial Analyst

Tax Consultant

Risk Analyst

Investment Banker 

Market Executive

Business Development Manager


Conclusion

In conclusion, if you’re planning to apply for 2025 Admission in Mumbai, you are in the right direction. You will find Top 10 commerce colleges in Mumbai offering a mixture of academic reputation, affordability and strong network & corporate exposure. Students from all over India choose Mumbai top colleges for commerce education. Actually, with over 120 colleges including Narsee Monjee , St.Xavier, Mithibai , Podar, modern facilities with strong placement opportunities comes up as a hub of top commerce colleges. Also the distance -learning option assessing working professionals to keep work-life balance with studies. Those who are seeking best colleges for commerce education must consider these colleges of Mumbai.


Frequently Asked Questions

Ques: Who can pursue B.Com in Accounting and Finance from top commerce colleges in Mumbai?

Ans: Students who are interested in CA, CFA, CPA, investment banking, auditing, and financial consultancy should opt for B.Com in Accounting & Finance. 

Ques: Why to study commerce from top 10 commerce colleges in Mumbai?

Ans: Studying commerce in Top 10 commerce colleges in Mumbai offers the opportunity to interact with faculty of international standards, recruiters from across the globe, scholarships, and networking. Being the financial capital of India, the state provides exposure in banking, finance, consulting, and business management, which guarantees promising career avenues.

Ques: Which is the Top Renowned Commerce College in Mumbai?

Ans: The St. Xavier's College is regarded as the Top commerce colleges in Mumbai , with NIRF ranking, NAAC A+ grade, strong faculty, modern infrastructure, and top placements from companies like Deloitte, EY, and KPMG.

Ques: Which entrance examinations are accepted for admissions to commerce institutes in Mumbai?

Ans: Most commerce colleges in Mumbai admit students through Mumbai University merit lists, but the top-level institutes accept CUET-UG and a few private colleges like NM might have college-level entrance tests for certain specialized programs.

Ques: What are the usual cut-offs for the top commerce colleges in Mumbai?

Ans: Cut-offs for top commerce colleges in Mumbai like St. Xavier's, HR, NM College lie between 94%–99% of 12th Std. Merit-based admission is highly competitive, mainly for popular courses like BAF, BFM, and BMS.

Ques:What scholarships do commerce students get in Mumbai? 

Ans: Students can apply for several scholarship for Top 10 commerce colleges in Mumbai like 

  • Institutional Scholarships & Freeships 
  • Post -Matric - Govt. of Maharashtra MahaDBT)
  • Eklavya 
  • Azim Premji Foundation Scholarship - From 2025 onwards) 

Ques:Which specializations are most in demand in commerce? 

Ans: Accounting, Finance, Banking & Insurance, Financial Markets, Business Analytics, and Taxation are widely sought-after specializations. Being a financial hub, Mumbai sees more demand for finance courses, whether in a private firm or in an MNC.

Ques: Top Government Commerce Colleges in Mumbai?

Ans: R.A. Podar College, K.C. College, and Sydenham College of Commerce & Economics are the best government commerce colleges in the state of Maharashtra. Faculties are excellent, fees are affordable (₹5,000–₹17,000 per annum), and placements are strong.