Best NMAT Colleges 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 NMAT Colleges in Maharashtra
Commonly asked questions On Best NMAT Colleges in Maharashtra
Yes, cracking NMAT through self study is achievable. One must have a structured study plan, right set of study material, and must practice questions consistently to prepare for NMAT through self study.
A total of 2-3 months of consistent and focused preparation is considered sufficient for NMAT. Many candidates may require more than three months if they are find the topics in NMAT syllabus on a tougher side.
NMAT scheduling refers to booking slot for the test. In case of any change in the scheduled date, candidates can choose NMAT rescheduling window and choose a new date.
Yes, questions in each section of NMAT exam are to be answered within a specified time limit. Section wise time limit is as follows:
NMAT Section | NMAT Sectional Time Limit |
|---|---|
Language Skills | 28 minutes |
Logical Reasoning | 40 minutes |
Quantitative Skills | 52 minutes |
Total | 120 minutes |
The minimum eligibility requirement for PGDM is graduation. Aspirants must hold the documents proving their eligibility for verification at later stages of admission. Below is detailed eligibility for SPJIMR PGDM programme:
- Candidates need to complete graduation with at least 50% aggregate for both PGDM courses.
- Final year graduation students can also apply.
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Commonly asked questions On Best NMAT Colleges in Maharashtra
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 |
| SDA Bocconi Asia Center | INR 20.8 lakh | INR 13.5 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.
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.
Amity University admission 2024 to MBA course is based on MAT, XAT, CAT, NMAT, CMAT, GMAT and CUET. The 2024 CAT cutoff is yet to be released for admission to Amity University. The expected NMAT cutoff 2024 based on previous years' cutoff data will be estimated nearly around 140 to 150 in the upcoming admission session 2025. Candidates seeking admission to Amity University through NMAT can check previous year scores in the table below:
| Amity Business School : NMAT Cutoffs (GN-AI) | |
|---|---|
| Course | 2023 |
| MBA Retail Management | 140 |
| Marketing and Sales | 140 |
| MBA Finance | 140 |
| Human Resources | 140 |
| Telecom Management | 140 |
| International Business | 140 |
| International Business with AI | 140 |
| MBA in Construction Project Management | 140 |
| MBA in Logistics and Supply Chain Management | 140 |
| MBA in Competitive Intelligence and Strategic Management | 140 |
| MBA in Entrepreneurship | 140 |
| Supply Chain Analytics and Management | 140 |
MBA is a two-year course consisting of four semesters. NMIMS Mumbai offers various Management courses including MBA, MBA in Human Resources, MBA in Law, etc. The total tuition fee for NMIMS Mumbai MBA range between INR 16 Lakh and INR 27 lakh. However the fee range could have changed, students can visit the college's official website for exact information related to fees for MBA.
Students can check the table below for some popular courses under MBA:
| Course Name | Total Tuition Fee |
|---|---|
| Business Analytics | INR 23 lakh |
| Human Resources | INR 25.5 lakh |
Pharmaceutical Management | INR 18 lakh |
Commonly asked questions On Best NMAT Colleges 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 |
No, direct admission to MBA course at MIT-WPU is not valid. There is no provision of direct admission at MIT-WPU . For admission to MBA, the university either accepts scores of any state or national-level entrance exams. Aspirants can apply via valid scores of either CAT/ XAT/ NMAT/ GMAT/ PERA CET/ MAH-CET/ MAT entrance exams. Further, candidates also have to appear for PI, GD/Extempore and other selection rounds.
RIIM Pune is a private college. RIIM - Arihant Group of Institutes is approved by AICTE and DTE. The college offers MBA, PGDM, and MDP programmes under various specializations. The MBA programme offered by the college is affiliated with Savitribai Phule Pune University, and the PGDM programme is affiliated with AIMA-CME.
NMIMS Navi Mumbai offers integrated law programmes through NMIMS School of Law. The following courses are offered:
- BA LLB (Hons)
- BBA LLB (Hons)
The duration of these courses is 5 years.
Commonly asked questions On Best NMAT Colleges 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
MAT is conducted multiple times a year. Most of the MBA entrance exams in India are conducted annually. MAT is the only exam which is conducted multiple times in four phases and multiple exam modes. To make it possible for every MBA aspirant to appear for an entrance exam, AIMA designed MAT which can be taken by candidates from an exam centre as well as at home. The exam is held in February, May, September and December which allows candidates to prepare and plan for it as well as MBA Admission. In each of these four months, the MAT is conducted in CBT, PBT and IBT modes. Candidates can choose a date and a mode of exam as per their preparation and convenience. Registrations for each MAT exam phase start a month earlier. Candidates also take re-tests in the same academic session if they are not happy with their scores.
The minimum eligibility for IBS Mumbai PGDM is graduation in any discipline with a minimum aggregate of 50% with the medium of study being English. Atleast of 15 years of education must be completed to be eligible. Moreover, the candidates in the last year of the degree programme are also eligible to apply.
The entrance exam accepted for admission to management programmes at SP Jain School of Global Management depends upon the specialisation and campus. Generally, the scores of the following entrance exams are accepted as valid: GMAT, GRE, CAT, MAT and SPJAT.
Commonly asked questions On Best NMAT Colleges in Maharashtra
Atharva School of Business is a private institute that is approved by organizations like AICTE and gives good education to the students. Below given are the reasons to choose Atharva School of Business:
- Good Ranking: The institute is ranked 86 in the 'Management Institutes' category by Times 2023.
- Placement Opportunities: The institute has a placement cell and gives placement opportunities in companies like Naukri.com, Kotak Mahindra Bank, Reliance General Insurance, BNP Paribas, Credence Analytics (India) Pvt Ltd, Flamingo Communication etc..
- Scholarship Options: The institute also gives merit and need based scholarships to the students.
As of now, the VSM Mumbai PGDM application deadline has not been released. However, the admission for the academic year 2026 is currently ongoing. Interested applicants can visit the official website to apply for the desired course. It is essential for candidates to review the present eligibility criteria before applying. To avoid missing any deadlines, they should frequently visit the official website or contact the admission office for accurate details.
No, candidates cannot get direct admission in PGPM course offered by IBS Pune. Candidates are required to appear in one of CAT, XAT, GMAT, NMAT or IBSAT in order to qualify for PGPM admissions, after UG level graduation.
MBA placements at GNIMS are not bad at all. Approximately 80% of students were placed by the Institute and remaining 20% tried their luck of getting placed by their own individual efforts. The highest package offered was 13 LPA and the lowest package was around 3 LPA last year. Top companies like Seimens, Kotak Mahindra, HDFC, Motilal Oswal visited there last year. About 70 % students get internships and companies which offer internships are HDFC, Aditya Corporates, Shiksha.Com, Talent Corner.
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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