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. Candidates will have to fill the NMAT application form to appear for the exam. To apply for admission based on NMAT scores, candidates will have to fill the application form at desired college website. All NMAT participating institutes have a separate admission window. Therefore, candidates must be cautious of crucial deadlines to apply for admission based on NMAT exam scores. Besides a separate application form, several participating institutes have a criterion to only accept the NMAT score from the first attempt. Therefore, candidates must check the eligibility as well as the admission deadline of the desired college that accepts NMAT scores for MBA Admission.
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 |
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.
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 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.
Commonly asked questions On Best NMAT Colleges in Maharashtra
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.
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.
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 |
The key highlights of KJSIM MBA summer placements are presented below:
Particulars | MBA Summer Placement Statistics (2024-26 Batch) |
|---|---|
Highest stipend | INR 100,000 |
Top 100 stipend | INR 60,425 |
Top 200 stipend | INR 44,212 |
Top 300 stipend | INR 35,391 |
Total recruiters | 145 |
Commonly asked questions On Best NMAT Colleges in Maharashtra
XAT 2026 registration process began from July 10, 2025. Official announcement of commencement of XAT registration process 2026 has been made by XLRI at its website. Interested candidates have to register for XAT 2026 by creating a login ID at xatonline.in website. The XAT application fee will be INR 2200. Candidates will have to pay the fee to submit the XAT application form.
MIT WPU Pune accepts multiple entrance exams for admission to the MBA course. Candidates need to provide scores in any of the accepted national-level Management entrance exams and CBT conducted by he university. The final selection is based on the performance of candidates in Group Discussion (GD) and Personal Interview (PI) rounds, followed by other selection rounds.
Yes, NMIMS Deemed to be University is one of the best oprions for UG and PG programmes through 9 schools of study. The institute os popularly known for its MBA courses under the guidance of experts. The university has strong placements and the highest package offered at School of Business Management was INR 19 LPA.
Admissions to RIIM are made through the RIIM-Arihant Group of Institutes Entrance Test, which is followed by a GD and a PI. Candidates must take one of the following entry exams: CMAT/MAT/MHCET/ATMA & AMMI Test, Common Admission Test (CAT), XLRI Admissions Test (XAT)/CMAT/MAT/MHCET/ATMA & AMMI Test.
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.
Commonly asked questions On Best NMAT Colleges in Maharashtra
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, the MIT-WPU, Pune offers various scholarships to its meritorious MBA students. The scholarships are awarded on a first-come, first-served basis. The MIT-WPU, Pune provides scholarships in the form of fee waivers, which are solely based on the scores of candidates obtained in the entrance exam. Check out the names of the scholarships.
- Dr. Vishwanath Karad Scholarship (100%)
- MIT-WPU Scholarship - I
- MIT-WPU Scholarship - II
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
SP Jain School of Global Management
Course and Fees 2023 ;
1.Course : BBA ( 2 courses )
Total tution fees : 4.3 L - 30.4 L
Exams : SAT IndiaSPJET
2.Course: MBA/PGDM (4 courses)
Total tution fees : 13.2 L - 33.7 L
Exams : CATGMAT+1 More
3.Course : Executive MBA/PGDM (1 course)
Total tution fees: 10.6 L
Exams : GMATCAT+1 More
4.Course : B.Sc. (1 course)
Total tution fees: 32.2 L
Exams : JEE MainSAT India+1 More
5.Course : Certificate (24 courses)
Total tution fees: 52.6 K - 15 L
Graduation : 40 %
6.Course: B.A. (1 course)
Total tution fees : 30.4 L
Eligibility : 10+2 : 60 %
Exams : SAT IndiaSPJET
7.Course: MS (1 course)
Total tution fees: 32.5 L
8.Course : Ph.D. (1 course)
Total tution fees: 53.7 L
9.Course : Others UG (1 course)
Total tution fees: 34 L
Eligibility: 10+2 : 60 %
Exams : JEE MainSAT India+1 More
For more information please visit Shiksha Home page search for more details.
Commonly asked questions On Best NMAT Colleges in Maharashtra
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.
The institute has released the 2022 placement statistics on its official website. Over 300 companies participated in the 2022 drive. Further, the majority of students received job opportunities in E-Commerce & Service sector. Check the complete insights of IIEBM placements 2022 from the table below:
| Particulars | Placement Statistics (2022) |
|---|---|
the highest package | INR 30 LPA |
Average package | INR 7.50 LPA |
Jobs offered | 800+ |
| Companies visited | 300+ |
| Top sector | E-Commerce & Service |
| Top domain | Marketing |
NOTE: The above data is gathered from the official website, however, the year of placement is not specified.
Symbiosis Skills and Professional University MBA is a full-time, residential programme of 2 years duration. You will live on campus to fully immerse yourself in the learning culture. Being on campus also means you can participate in late-night projects and various student clubs.
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.
Aspirants pursuing or having completed a minimum of three-year graduate programmes in any discipline with at least 50% aggregate from any university recognised by the Association of Indian Universities (AIU). Candidates applying for their final exams can also apply provided they maintain a minimum of 50% aggregate at the time of graduation as mentioned above. Additionally, students applying for their final exams should not have any live backlogs.
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 |
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2026
- Top Private MBA Colleges in India 2026
- Top IIMs in India 2026
- Top MBA Colleges in Uttar Pradesh 2026
- MBA Colleges accepting CAT in India
- MBA Colleges accepting MAT in India
- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India