Best Colleges accepting NMAT Score in Maharashtra
There are a total of 28 best MBA colleges accepting NMAT score in Maharashtra. Among these, 25 colleges are privately owned and 1 college is owned by public/government organisations. NMAT is the only accepting entrance exam in top MBA colleges in Maharashtra. NMIMS School of Business Management, NMIMS Mumbai, K J Somaiya Institute of Management, FLAME University, MIT-WPU, ITM Business School, etc. are some of the popular MBA colleges in Maharashtra under NMAT Score.
The revised rankings of top NMAT accepting MBA colleges in Maharashtra is mentioned below:
- NMIMS School of Business Management has improved its ranking as it shifted to rank 21 in 2023 as compared to rank 25 in 2022.
- K J Somaiya Institute of Management has improved its ranking as it shifted to rank 45 in 2023 as compared to rank 71 in 2022.
There are a total of 28 best MBA colleges accepting NMAT score in Maharashtra. Among these, 25 colleges are privately owned and 1 college is owned by public/government organisations. NMAT is the only accepting entrance exam in top MBA colleges in Maharashtra. NMIMS School of Business Management, NMIMS Mumbai, K J Somaiya Institute of Management, FLAME University, MIT-WPU, ITM Business School, etc. are some of the popular MBA colleges in Maharashtra under NMAT Score.
The revised rankings of top NMAT accepting MBA colleges in Maharashtra is mentioned below:
- NMIMS School of Business Management has improved its ranking as it shifted to rank 21 in 2023 as compared to rank 25 in 2022.
- K J Somaiya Institute of Management has improved its ranking as it shifted to rank 45 in 2023 as compared to rank 71 in 2022.
- Top MBA Colleges Accepting NMAT Score in Maharashtra: Highlights 2023
- Top MBA Colleges Accepting NMAT Score in Maharashtra: Eligibility Criteria
- Top MBA Colleges Accepting NMAT Score in Maharashtra with NIRF Ranking 2023
- Top Private MBA Colleges Accepting NMAT Score in Maharashtra
- Top Govt. MBA Colleges Accepting NMAT Score in Maharashtra
- Location-wise Top MBA Colleges Accepting NMAT Score in Maharashtra
- ROI of Top MBA Colleges Accepting NMAT Score in Maharashtra
- Top MBA Colleges Accepting NMAT Score in Maharashtra: Comparison
Top MBA Colleges Accepting NMAT Score in Maharashtra: Highlights 2023
Master of Business Administration (MBA) is a postgraduate degree programme that provides advanced business and management training. The course will equip students with the knowledge and skills to succeed in leadership roles. MBA programs emphasize the development of an individual's analytical, critical thinking, and decision-making skills. MBA also helps students to communicate effectively and work effectively in teams.
The key highlights related to best MBA colleges in Maharashtra under NMAT score are mentioned below:
| Parameters |
Particulars/Statistics |
|---|---|
| No. of MBA Colleges |
28 |
| Annual Fees |
INR 2-3 lakh: 1 college INR 3-5 lakh: 5 colleges INR > 5 lakh: 22 Colleges |
| Top Specialisations |
Finance, Human Resources, Sales and Marketing, International Business, etc |
| Accepted Entrance Exam |
Predict your chances here: MBA 2023 Cutoff Predictor
Top MBA Colleges Accepting NMAT Score in Maharashtra: Eligibility Criteria
The general eligibility criteria to get MBA admission in Maharashtra that accept NMAT scores are listed below:
- Candidates should have a bachelor's degree or an equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
- MBA colleges in Maharashtra consider scores from national-level entrance exam such as NMAT. Candidates are required to meet the minimum cutoff scores set by the respective colleges.
Also Read:
- Why NMAT by GMAC?
- Preparation tips for NMAT exam
- How to prepare for NMAT online
- Best books for NMAT preparation
Predict your NMAT score and admission chances with Shiksha college predictor: NMAT 2023 College Predictor
Top MBA Colleges Accepting NMAT Score in Maharashtra with NIRF Ranking 2023
Colleges are ranked each year by the National Institutional Ranking Framework (NIRF). The rating is determined by a number of factors, and it varies from year to year based on how well a college or university performs in areas like faculty, placements, and infrastructure.
The below table shows the NMAT colleges in Maharashtra that are ranked under NIRF from past three years, i.e. from 2021 to 2023:
| College Name |
NIRF 2021 |
NIRF 2022 |
NIRF 2023 |
|---|---|---|---|
| 22 |
25 |
21 |
|
| 56 |
71 |
45 |
Top Private MBA Colleges Accepting NMAT Score in Maharashtra
Refer to the table below for a detailed overview of the private best MBA colleges in Maharashtra through NMAT score along with their total tuition fee:
| Private Colleges |
Total Tuition Fee |
|---|---|
| INR 13 lakh – INR 24 lakh |
|
| INR 17 lakh – INR 18 lakh |
|
| INR 16.6 lakh |
|
| INR 12 lakh – INR 13 lakh |
|
| INR 9 lakh |
Top Govt. MBA Colleges Accepting NMAT Score in Maharashtra
Refer to the table below for a detailed overview of the government best MBA colleges in Maharashtra through NMAT score along with their total tuition fee:
| Public/Government Colleges |
Total Tuition Fee |
|---|---|
| INR 2 lakh – INR 7 lakh |
Location-wise Top MBA Colleges Accepting NMAT Score in Maharashtra
The table below shows the location-wise distribution of top NMAT accepting colleges in Maharashtra along with their number and names of colleges:
| Locations |
Number/Names of Colleges |
|---|---|
| Pune |
7 (FLAME University, Suryadatta Institute of Management and Mass Communication, MIT WPU, etc.) |
| Mumbai |
15 (NMIMS School of Business Management, NMIMS Mumbai, K J Somaiya Institute of Management, etc.) |
| Navi Mumbai |
5 (ITM Business School, Pillai Business School, ITM Financial Markets Institute, etc.) |
| Aurangabad |
1 (Maharashtra Institute of Technology) |
READ MORE:
ROI of Top MBA Colleges Accepting NMAT Score in Maharashtra
Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.
The table below shows the NMAT colleges for MBA in Maharashtra along with total tuition fee and annual average package:
| College Name |
Total Tuition Fee |
Annual Average Package |
|---|---|---|
| INR 13 lakh – INR 24 lakh |
INR 19 LPA |
|
| INR 16.6 lakh |
INR 10.25 LPA |
|
| Suryadatta Institute of Management and Mass Communication MBA |
INR 6.9 lakh |
INR 6.5 LPA |
| INR 9 lakh |
INR 5 LPA |
|
| INR 11 lakh |
INR 7 LPA – INR 9 LPA |
Top MBA Colleges Accepting NMAT Score in Maharashtra: Comparison
The table below shows the comparison of top NMAT accepting MBA colleges in Maharashtra:
| Suryadatta Institute of Management and Mass Communication Comparison |
Best Colleges accepting NMAT Score in Maharashtra
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
No, you cannot join NMIMS without NMAT. Candidates need to appear for the course specific entrance exams conducted by the University. NMIMS also accepts several national-level entrance tests to admits students for UG, PG and PhD courses.
Graduate Management Admission Council conducts the NMAT exam within a particular exam timeline. Every year, NMAT exam is usually scheduled to be conducted in the last quarter of a calendar year. Candidates are able to take the exam until December. Candidates can appear for the NMAT exam three times during the testing window. Soon after taking the first exam attempt, candidates can fill the retake registration form to apply for the NMAT retake. However, one can schedule a retake of the NMAT exam 15 days after the first take.
NMAT 2026 exam dates will be revealed later.
NOTE: NMAT exam dates can vary every year. However, the timeline remains the same.
Getting admission into SP Jain PGDM programme requires candidates to follow some steps.
- The first step is to register for the PGDM programme by paying an application fee of INR 2,000.
- Second step is evaluation of entrance exam score. Candidates need to qualify CAT/ GMAT for admission to PGDM. Selected candidates are further called for a personal interview round. Candidates can check out CAT preparation tips to score well in exam.
- The final selection is based on academic performance, work experience, entrance exam score of the candidates.
Aspirants completing all the steps can get into PGDM programme of SPJIMR. The institute follows a simple process of offering admission. However, aspirants must score decent to get admission.
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
Candidates can take NMAT up to three times during one admission session. Candidates are allowed to register for NMAT and schedule an exam attempt. However, the acceptance of NMAT scores depends on the NMAT participating colleges. All NMAT colleges will have different selection criteria. Some of the NMAT colleges, such as NMIMS will only accept the NMAT score from first exam attempt. Therefore, attempting NMAT exam three times will be of no use if the applican t is desirous of admission to any of the campuses of NMIMS.
A total of 108 questions appear in NMAT exam. Each section of NMAT exam has 36 questions. All three sections have equal weightage in NMAT exam.
Joining the top NMAT accepting MBA colleges in India can be worthwhile for you. For that, you need to check its ROI. Below table shows the top colleges with their cost and average salary:
| Top Colleges | Tuition Fee | Average Salary |
|---|---|---|
| Amity University Noida | INR 7.14 Lacs - INR 15.8 lakh | INR 6 LPA - INR 6.5 LPA |
| K J Somaiya Institute of Management | INR 13.48 Lacs - INR 21.34 lakh | INR 12 LPA |
| TAPMI Manipal | INR 19.5 lakh | INR 13.5 LPA |
Source: External site and may vary.
The general eligibility criteria for admission to the best NMAT accepting colleges in India are mentioned below:
- Must have pass UG degree in Management with an aggregate of 50% scores
- Must have clear NMAt entrance exam.
As per the details available on the official website and the latest admission brochure, MBA admissions at KJ Somaiya Institute of Management (KJSIM) are completely based on the merit of students in their UG degree along with their performance in the national/ state/ university-level entrance exam. Similar is the case for MCA and PhD admission, students who meet the eligibility criteria of having completed their UG and PG degrees, respectively, with a valid score in national/ state/ university-level entrance exams can secure admission. However, students are advised to reach out to the admission office to confirm the same.
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
The highest package offered during FLAME University Pune placements 2026 stood at INR 19 LPA. The course-wise highest package offered during FLAME University placements between 2025 and 2026 is tabulated below:
Course | Placement Statistics (2025) | Placement Statistics (2026) |
|---|---|---|
MBA | INR 15.25 LPA | INR 19 LPA |
MBA (Communications Management) | INR 8.64 LPA | INR 10.7 LPA |
IIEBM Pune offers a PGDM course, which is equivalent to an MBA. The institute offers PGDM course in different specialisations. Candidates should check the eligibility and selection criteria before registration.
Standard specialisations like MBA Marketing, Finance, HRM, etc., cost INR 10 Lacs for the MIT-WPU Pune MBA course. This tuition fee covers core classroom learning, library use, exam costs, and computer lab access. It does not include optional campus costs like hostel stay, mess food, or laundry.
Yes, Narsee Monjee Institute of Management Studies, Navi Mumbai have good placements.
It is highly ranked private university with the alumni bade of 10lac+ students. It admits students on basis of NMAT score. It assures students 100% placements with the highest package of around 22LPA and it's average package is also around 10.7 LPA. Many flourished companies come to this university and recruit fresh talent with the highest packages.
RIIM Pune admissions is compeletly based on entrance exam scores. Candidates can register online for admission to their preferred course. The candidate must meet the eligibility criteria set by the college. Post application candidates must appear for WA, GD & PI by the Admission Department. The college also considers the candidates' academic performance for final selection.
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
No, PERA CET is not compulsory for admission to the MBA course at MIT College of Management. Because the college also accepts the relevant scores of CAT/ MAT/ MBA CET/ ATMA. Therefore, candidates can get admission to the MBA course with the relevant scores of the PERA CET. However, it is not compulsory. Thus, securing a relevant score in any of the entrance exams, a candidate will be considered eligible for admission.
Yes, there is scholarships for the MBA course at ITM Business School Navi Mumbai. The scholarship comprises a wide range of scholarships up to 100%. This scholarship is available for all MBA applicants. The basic criteria for application are mentioned below:
- The student must attend and clear the ITM Scholarship Entrance Test and CAPI (Case Analysis & Personal Interview) rounds
- A student who has completed the first and second year of graduation with an overall of 60%
- Any postgraduate or graduate who has an overall 60% in 10th, 12th, and graduation
Yes, candidates can get admission to the MBA course at MIT-WPU, Pune without CAT scores. Because the school accepts several other accepted entrance exams for admission to MBA courses, such as CAT/ XAT/ NMAT/ GMAT/ PERA/ CMAT/ MAH-CET/ MAT. Therefore, candidates with relevant scores in CAT can get admission to the MBA at MIT-WPU, Pune. However, it is not compulsory.
Yes, PGPM students at IBS Mumbai are offered scholarships. The institute provides numerous scholarships worth INR 10 crore. Check out the below list to know all the scholarships available for PGPM students:
- Merit scholarships for the Class of 2026
- Wards of Defence Personnel (In-service/retired) from Army, Air Force, Navy, and Paramilitary Forces
- For Toppers in IBSAT
- For Physically Challenged Candidates
- For Wards of IBS Alumni
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
ATLAS SkillTech University offer scholarship to meritorious students. As a part of the ATLAS Scholarship Program, scholarships will be awarded for four different categories. Check below the scholarship categories:
| Category | Details |
|---|---|
| Merit-Based | Students demonstrating excellence in academics and high intellectual aptitude are eligible for scholarship |
| Financial Aid | Students who need financial support to achieve their aspirations at ATLAS can apply for this scholarship |
| Educators | Children of educators (teacher, professor or administrator.) are eligible for this scholarship |
| Defense | Children of personnel currently serving in the armed forces are eligible for this scholarship. |
After completing an MBA/PGDM from Valia School of Management, candidates have numerous career opportunities in Business Administration. Students can become a Business Analyst, HR Manager, Product Manager, Sales Manager, etc. Some of the careers options available after PGDM from VSM Mumbai are mentioned below:
| Job Profiles | Average Salary |
|---|---|
| Business Analyst | INR 3 LPA - INR 17 LPA |
| Investment Banker | INR 2 LPA - INR 50 LPA |
| Chief Financial Officer | INR 12 LPA - INR 90 LPA |
| Project Manager | INR 5.6 LPA - INR 38 LPA |
| Management Consulting | INR 7 LPA - INR 42.8 LPA |
| Asset Manager | INR 3 LPA - INR 14 LPA |
| HR Manager | INR 2.9 LPA - INR 19 LPA |
| Project Manager | INR 4.2 LPA - INR 30 LPA |
| Sales Manager | INR 2.2 LPA - INR 16 LPA |
| Marketing Manager | INR 2.4 LPA - INR 25 LPA |
| Operations Manager | INR 3 LPA - INR 21 LPA |
NOTE: The above-mentioned data is taken from the various sources. It is still subject to change and, hence, is indicative.
Yes, IBS Pune provides a full-time PGDM programme at the PG-level. The institute offers this two-year programme at the PG-level. Admission is granted to students who meet the course-specific eligibility and selection criteria. Candidates can check out the key highlights from the table below:
| Particular | Highlights |
|---|---|
Duration | Two years |
Course Level | PG Diploma |
Mode of Course | Full Time |
Tuition Fees | INR 9.1 lakh |
NOTE: The mentioned fee is taken from the official website/sanctioning body. It is still subject to change and, hence, is indicative.
Many top companies participate in the placements drive of the institute. Candidates can also take part in the off campus placements drive. The list of top recruiters during Kirloskar Institute of Management placements is presented below:
Kirloskar Institute of Management Top Recruiters | |
|---|---|
Deloitte Consulting India Pvt Ltd | Alfa Laval India Pvt Ltd |
G4S Corporate Services Pvt Ltd | ANZ Bank |
TTK Prestige Ltd | HDFC Bank Ltd |
Grant Thornton | Kirloskar Group |
VE Commercial Vehicle Ltd | IDFC First Bank |
Reliance Retail Ltd | Paytm |
To finalise the MBA seats at SDA Bocconi Asia Center need to pay an application fee to fill out the form. SDA Bocconi Asia Center releases the application forms online. Candidates need to pay the below application fee via any of the online payment modes for registration:
| Course | Application Fee |
|---|---|
| IMB | INR 3,500 |
| IEMB | INR 4,000 |
Top MBA Colleges Accepting NMAT Score in Maharashtra FAQs
Q: Which top MBA colleges accept NMAT score in Maharashtra?
A: Listed below are the top NMAT accepting colleges in Maharashtra along with their NIRF ranking of 2021, 2022, and 2023:
| College Name |
NIRF 2021 |
NIRF 2022 |
NIRF 2023 |
|---|---|---|---|
| NMIMS School of Business Management |
22 |
25 |
21 |
| K J Somaiya Institute of Management |
56 |
71 |
45 |
Q: What is the fee for top MBA colleges under NMAT score in Maharashtra?
A: Listed below are the top top NMAT accepting colleges in Maharashtra along with their total tuition fee:
| College Name |
Total Tuition Fee |
|---|---|
| NMIMS School of Business Management |
INR 13 lakh – INR 24 lakh |
| K J Somaiya Institute of Management |
INR 16.6 lakh |
| Suryadatta Institute of Management and Mass Communication |
INR 6.9 lakh |
| MIT-WPU |
INR 9 lakh |
| ITM Business School |
INR 11 lakh |
Q: What is the placement package offered to top MBA colleges in Maharashtra that accept NMAT score?
A: The table below shows the top NMAT accepting colleges in Maharashtra along with their placement package offered to their graduates:
| College Name |
Annual Average Package |
|---|---|
| NMIMS School of Business Management |
INR 19 LPA |
| K J Somaiya Institute of Management |
INR 10.25 LPA |
| Suryadatta Institute of Management and Mass Communication |
INR 6.5 LPA |
| MIT-WPU |
INR 5 LPA |
| ITM Business School |
INR 7 LPA – INR 9 LPA |
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