YOE : 10.5 MBA ( from premier B school) CTC : 31lpa Location : Mumbai. Is it any good? Will I be able to survive in Mumbai with this salary?

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Considering you have 10.5 YOE and an MBA, and adding on Mumbai as your location, your salary is on the lower side. Look out for better opportunities that would pay atleast 40-50 LPA

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Agree. 31 fixed is decent for Mumbai though. Considering the cost of living, you would see lesser savings. Given you are from a premier bschool, compare it with your peers in Mumbai with same exp.

easily. you can even save upto 1L+ having a family at this salary

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Certainly not very high, but manageable in Mumbai, especially if your spouse is also working or if you are single

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