Delhi NCR vs. Mumbai MBA Placements: Which City Pays Higher Base Salaries to Fresh Managers?
While top MBA colleges in Delhi NCR and Mumbai offer similar overall CTCs, Mumbai generally provides higher median salaries for fresh graduates/managers, especially in finance. Check the detailed comparison shared below to know which city is best to pursue MBA program and which institute provides a better median salary during placement.
When comparing MBA placements in Delhi NCR vs Mumbai, it becomes clear that the city that provides better starting salaries to its new managers varies by sector and function. However, top colleges from both cities offer similar overall Cost to Company (CTC) packages, falling within ₹25 LPA to ₹35 LPA for the best institutes. While Mumbai traditionally offers a better package when it comes to the salaries in finance and front banking, Delhi NCR manages to balance it out with sectors like management consulting firms, IT companies, and business conglomerates present.
The comparison is broader and can be analyzed based on a list of top management schools in both Delhi NCR and Mumbai. To evaluate your options, we have provided a detailed comparison for both the cities, listing high-ranked institutes, the median salary offered during last placement year, and the minimum score required to get into these institutes. Check and analyse from the list provided below.
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Delhi NCR MBA Placements 2026: Colleges, Average Package, Rankings
The table provides a comprehensive list of MBA colleges in Delhi NCR. It details, minimum scores required by each institution to secure admission in management program through CAT along with NIRF 2025 Ranking in management category, and most importantly Median salary offered in 2025-26 placement year.
Clearly, Indian Institute of Technology Delhi gets an edge here and offers the highest median salary among the colleges in Delhi NCR. The median salary in LPA offered was 22.05 Lakhs in after completion of MBA program.
| Name | City | State | Score | Rank | Median Salary (LPA) |
| Indian Institute of Technology Delhi | New Delhi | Delhi | 78.94 | 4 | 22.05 L |
| Indian Institute of Foreign Trade | New Delhi | Delhi | 62.93 | 17 | 25 L |
| Jamia Millia Islamia | New Delhi | Delhi | 60.06 | 28 | 12.60 L |
| IMI Delhi | New Delhi | Delhi | 56.59 | 40 | 16.60 L |
| Jaipuria Institute of Management | Noida | Uttar Pradesh | 56.46 | 41 | 8.85 L |
| Great Lakes Institute of Management | Gurgaon | Haryana | 54.08 | 50 | 10 L |
| Fore School of Management | New Delhi | Delhi | 52.23 | 59 | 15.52 L |
| Birla Institute of Management Technology | Greater Noida | Uttar Pradesh | 52.09 | 61 | 10.50 L |
| Guru Gobind Singh Indraprastha University | New Delhi | Delhi | 48.88 | 76 | 6.50 L |
| BML Munjal University | Gurgaon | Haryana | 48.41 | 77 | 9 L |
| New Delhi Institute of Management | New Delhi | Delhi | 47.25 | 86 | 9.50 L |
| Jamia Hamdard | New Delhi | Delhi | 47.1 | 87 | 5.95 L |
| Jagan Institute of Management Studies | Delhi | Delhi | 46.63 | 90 | 9.05 L |
Mumbai MBA Placements 2026: Colleges, Average Package, Rankings
Students aiming to target MBA institutes in Mumbai, can check a list of institutes shared below, listing the minimum score required, its NIRF 2025 Ranking and median salary.
Among the list, Indian Institute of Management, Mumbai stands out the most high yielding institution offering good return on investment. The median salary (LPA) offered during the 2025-26 placement year was 33 Lakhs.
| Name | City | State | Score | Rank | Median Salary (LPA) |
| Mumbai | Maharashtra | 77.58 | 6 | 33 L | |
| Mumbai | Maharashtra | 65.82 | 14 | 26.73 L | |
| Mumbai | Maharashtra | 62.06 | 20 | 31.50 L | |
| Mumbai | Maharashtra | 60.99 | 24 | 20 L | |
| Mumbai | Maharashtra | 51.28 | 65 | 12 L | |
| Prin. L.N. Welingkar Institute of Management Development and Research (PGDM) | Mumbai | Maharashtra | 49.08 | 75 | 11.50 L |
Final Verdict: Who Wins Delhi NCR or Mumbai?
After comparing institutions in Delhi NCR and Mumbai, as per the placement and ranking data, Mumbai wins the competition in providing higher median salaries for fresh MBA graduates compared to the other cities.
While Delhi NCR offers multiple management institutions with rankings, the premium institutes of Mumbai such as IIM Mumbai offered INR 33 LPA and SPJIMR INR 31.50 LPA during 2025-26 placement cycle. Also IIT Bombay offered ₹26.73 LPA a much better pay packages as compared to those from Delhi NCR. Only IIFT managed to pay over ₹25 LPA median salary during the placement.
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Jaya Gupta is an Education Content professional with over four years of experience in writing marketing and academic content, alongside a year of experience working with an indie publishing house. Currently, she is covering higher education content for Jagran Josh (Jagran New Media), leveraging her academic knowledge. She specializes in covering management, engineering, law, medical colleges, study abroad and GATE exams. She holds a Master's degree in English Literature, successfully qualified the 2024 UGC NET, and has guided more than 100 students in framing effective study-abroad academic essays. Her writing interests vary across education, creative expression, and digital culture.
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