Top Commerce Colleges in Mumbai

Mumbai, often regarded as India’s economic hub, is home to over 130 commerce colleges, out of which 106 are private and 24 are government-run institutions. From accounting and finance to business studies and economics, the options are diverse, indeed!

However, with numerous institutions, shortlisting the right ones can be a challenge. That’s why this blog shall highlight the top commerce colleges in Mumbai based on programme strength, accreditation, and placement value. 

Narsee Monjee College of Commerce and Economics, Mumbai

Established in 1964, Narsee Monjee College, popularly known as NM College, is one of the top commerce colleges in Mumbai. Affiliated with the University of Mumbai and accredited with an A grade by NAAC, the college is known for its structured academic approach and industry-aligned curriculum. 

According to India Today 2024, it holds the 7th position nationally and is 1st in Mumbai, while The Week 2024 ranks it 8th in India and 1st in the city. Outlook 2024 places it at 9th nationally and 2nd in Mumbai.  

Top Undergraduate Offering: B.Com, B.Com (Accounting & Finance), B.Com (Financial Markets), and BMS. 

Top Postgraduate Offering: M.Com in Advanced Accountancy for those pursuing careers in corporate finance and taxation.

Admission Process: Based on one’s 10+2 merit. Applications are to be submitted via Mumbai University’s centralised admission portal.

Approximate Fees: ₹15,000 to ₹25,000 per year for UG courses; ₹20,000 to ₹30,000 annually for PG programmes.

Approximate Placement Package: The average package stands at ₹3 to ₹5 LPA, with strong placements in accounting, banking, and consulting firms.

H.R. College of Commerce and Economics, Mumbai

Founded in 1960, Hassaram Rijhumal (H.R.) College is another of Mumbai’s top commerce colleges, affiliated with HSNC University and re-accredited with an A grade by NAAC. It is renowned for its dynamic teaching methods, robust student clubs, and active industry connections. 

Besides, the college was ranked 6th in India and 1st in Mumbai for commerce education by India Today 2024, and also secured top-10 national positions in Outlook and The Week rankings. 

Top Undergraduate Offering: B.Com, BAF (Accounting & Finance), BMS, and BBA. 

Top Postgraduate Offering: M.Com in Business Economics and Accountancy, especially among those aiming at leadership roles in business analytics and corporate finance.

Admission Process: Based on one’s 10+2 marks. Students must apply via HSNC University’s official admission portal.

Approximate Fees: ₹16,000 to ₹27,000 per year for UG programmes; PG programmes range around ₹25,000 to ₹35,000 annually.

Approximate Placement Package: The average package revolves around ₹3.5 to ₹6 LPA, with placements in Big Four firms, financial services, and multinational companies.

Also Read: Top Arts Colleges in Mumbai 

K.J. Somaiya College of Arts and Commerce, Mumbai

Since its establishment in 1960, K.J. Somaiya College of Arts and Commerce has grown into one of the top autonomous colleges affiliated with the University of Mumbai. It is accredited with an A grade by NAAC. 

In the India Today rankings 2024, the college got placed 20th in India and 3rd in Mumbai among all commerce colleges. It is also famous for its balanced focus on academics, co-curricular engagement, and industry integration.

Top Undergraduate Offering: B.Com, B.Com (Accounting & Finance), and BMS. 

Top Postgraduate Offering: M.Com in Business Management, particularly for students aiming to lead in finance, marketing, or operations.

Admission Process: Based on one’s scores in the 10+2 examination. Applications are considered through the college's official admission portal.

Approximate Fees: ₹17,000 to ₹25,000 per year for UG courses, while PG programmes range from ₹25,000 to ₹35,000 per year.

Approximate Placement Package: The average package is around ₹3 to ₹5 LPA, with placements in finance, consulting, and management roles.

R.A. Podar College of Commerce and Economics, Mumbai

Standing tall since 1941, R.A. Podar College of Commerce and Economics is not only one of the top commerce colleges affiliated with the University of Mumbai but is also one of the oldest. 

The college holds an A+ grade NAAC accreditation and continues to maintain a strong academic legacy rooted in discipline and performance. As per India Today 2024, it ranks 13th in India and 3rd in Mumbai in the commerce stream. 

Top Undergraduate Offering: B.Com and BMS. 

Top Postgraduate Offering: M.Com in Accountancy and Management is immensely popular among students aiming for corporate, academic, or entrepreneurial careers.

Admission Process: Based on one’s marks in the 10+2 exam. Applications are processed through the University of Mumbai’s centralised portal.

Approximate Fees: ₹12,000 to ₹20,000 per year for UG courses; ₹18,000 to ₹28,000 per year for PG courses.

Approximate Placement Package: The average package remains at ₹3 to ₹5 LPA, with recruitment across banking, consulting, and tax advisory firms.

K.P.B. Hinduja College of Commerce, Mumbai

Opening its doors in 1974, K.P.B. Hinduja College of Commerce has emerged as one of the top commerce colleges affiliated with the University of Mumbai. With an A+ grade accreditation from NAAC, it brings in a broad academic portfolio in commerce. 

That’s also why the college has been able to garner the 19th position in India and 4th in Mumbai by India Today 2024. Some of its programmes are known for focusing on the digital aspects of commerce and preparing students for the evolving online business landscape.

Top Undergraduate Offering: B.Com, BAF (Accounting & Finance), BBI (Banking & Insurance), and BMS. 

Top Postgraduate Offering: M.Com in E-Commerce. 

Admission Process: Based on one’s merit in the 10+2 exam. Applications are accepted via the University of Mumbai admission portal.

Approximate Fees: ₹18,000 to ₹28,000 per year for UG programmes, while PG programmes range from ₹22,000 to ₹32,000 per year.

Approximate Placement Package: The average package is around ₹2.5 to ₹4.5 LPA, with hiring from banking, insurance, and digital finance sectors.

Also Read: Top BMM Colleges in Mumbai

To conclude, commerce today is more than just a pathway to accounting or business. It’s a dynamic field intersecting with economics, data, entrepreneurship, and global finance. As markets evolve, so do the demands on commerce graduates. 

The top commerce colleges in Mumbai listed here aren’t just strong on paper; they offer relevant exposure to changing industry trends, digital tools, and emerging career paths. So, whether one aims to become a chartered accountant, data analyst, fintech strategist, or startup founder, choosing a college that equips one with both foundational knowledge and future-ready skills is essential.