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
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.
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.
To fill NMAT application form, candidates need a valid photo ID proof, graduation mark sheets, and a recent passport-size photograph. The photograph must be front-facing with a light background and uploaded in JPG, PNG, or JPEG format.
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
NMAT mock test and the actual exam are identical in terms of the exam structure and overall difficulty standards of the exam. The user interface of the NMAT mock test may vary across service providers. However, candidates practising using the official NMAT mock test will get taste of the actual exam user interface.
NMAT mock test released by GMAC is a simulation of the actual exam. Questions, pattern, syllabus, and test structure are similar to the actual exam. However, the score of the NMAT mock test will not affect the admission process at the NMAT participating colleges. Mock test only helps in practicing and revision of the questions.
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.
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ITM Business School, Navi Mumbai
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
MIT-WPU offers good annual placements for various courses like B.Tech, MCA, B.Des and M.Sc, etc. As per the latest report, the highest package offered during MIT-WPU placements 2023 stood at INR 51.36 LPA. Further, the highest packages offered to the B.Tech and B.Des batches 2023 stood at INR 44.14 LPA and INR 20 LPA, respectively. The key highlights of MIT-WPU placements 2023 are tabulated below:
Particulars | Placement Statistics (2023) |
|---|---|
Highest package | MSc: INR 51.36 LPA BTech (IT): INR 44.14 LPA MTech: INR 24 LPA BDes: INR 20 LPA |
Average package | INR 7 LPA |
Average package for top 100 placements | INR 16.3 LPA |
NMIMS SBM Mumbai is one of the top MBA institutes in the country. It has gotten good ranking by different ranking bodies. Tabulated below is the ranking bodies that have recognised and provided a rank to SVKM NMIMS in 2023 for its MBA programme:
| Ranking Body | Rank '24 |
|---|---|
| Business Today | 8 |
NMIMS Navi Mumbai has yet to release its overall average package. However, it has released its school wise placement report for 2025. See the table below to know more about the average package recorded during NMIMS Navi Mumbai placements 2025:
| School | Average Package |
|---|---|
| SBM | INR 12.85 LPA |
| SOL | INR 5.88 LPA (BA LLB) INR 5.88 LPA (BBA LLB) |
| SOE | INR 5.6 LPA |
| SOHM | INR 3.8 LPA |
| STME | INR 7.53 LPA (BTech) INR 10.5 LPA (MBA Tech) |
| SOC | INR 5.28 LPA |
| SOLA | INR 2.16 LPA |
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.
ITM Navi Mumbai is a part of the ITM Group of Institutions and was established in 1991. ITM Business School offers the AIU and UGC-approved MBA programmes from ITM Skills University. To get admission to this approved college, candidates must have valid scores in entrance tests such as MAT, XAT, CAT, NMAT, CMAT, ATMA, and others. If applying through CAT, candidates must prepare according to the CAT syllabus and must give as many mock tests as possible.
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Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
RIIM Pune offers a full-time postgraduate diploma in management. The PGDM course is offered to students who fulfil the admission criteria of the course. The basic eligibility is to pass graduation from a recognised university. Furthermore, admissions are entirely entrance-based. Hence, students must appear for the respective exam to be considered for admission. RIIM Pune accepts various national-level management exams, including MAT. However, those with a valid score in any other accepted exam can also apply. Hence, you can certainly get into the PGDM course offered at RIIM Pune without MAT, given you provide any other exam score.
MBA students are awarded with a scholarship based on CAT/ MAT percentile or GMAT/ GRE score. Details for the same are given in the table below:
| Scholarship | Minimum CAT/ MAT Percentile | GMAT/ GRE Score |
|---|---|---|
| 100% | 90 | GMAT: 650, GRE: 161 |
| 50% | 85 | GMAT: 600, GRE: 157 |
| 25% | 75 | GMAT: 450, GRE: 149 |
Note: For all MBA Scholarship scores pertaining to 2023/ 2022/ 2021/ 2020/ 2019 are applicable.
In each academic year, MIT-WPU, Pune usually releases the deadlines for the MBA course in the month of August. However, the deadlines can differ from academic year to academic year. Moreover, applicants who are interested in getting admission into the MBA course at MIT-WPU, Pune must track the dates of accepted entrance examination dates too.
Yes, it is possible to take admission to the IBS Mumbai PGPM programme without CAT. The institute accepts various other national-level test scores, including NMAT, XAT, and GMAT. Other than this, the institute also conducts an in-house entrance test, i.e., IBSAT. It is conducted once a year, generally in the month of December. Students willing to take the exam can visit the institute's official website to apply.
Yes, SDA Bocconi Asia Center provides a Women's Leadership Scholarship. The intention behind the scholarship is to support meritorious women candidates applying to the IMB programme. Selected students get a scholarship amount of INR 2 Lacs inclusive of GST which is applied to the tuition fee before the tuition waivers.
Commonly asked questions On Best Colleges accepting NMAT Score in Maharashtra
The application for the MBA programme at Atlas Skilltech University is INR 1500. The total tuition fee for the course ranges between INR 11 Lakhs to INR 11.4 Lakhs depending on the specialisation of the MBA in which the student is interested. The college offers three specialisations in MBA. Apart from this, the student may also need to pay some additional charges like hostel fee, application fee, admission fee of INR 45,000, etc.
The average package offered during Kirloskar Institute of Management Pune during the recently held placement drive was INR 8 LPA. The average salary trends witnessed during Kirloskar Institute of Management PGDM placements over the past three years are presented below:
Course | Average Package (2023) | Average Package (2024) | Average Package (2025) |
|---|---|---|---|
PGDM | INR 7.20 LPA | INR 7.3 LPA | INR 8 LPA |
IBS Pune offers scholarships under various schemes, to be eligible to apply for IBS Pune scholarships, check the pointers below:
- For Toppers in IBSAT scholarship, candidates must secure top ranks in IBSAT.
- Wards of IBS Alumni scholarship is offered to children of IBS alumni applying for the MBA/PGPM programme.
- Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces scholarship is offered to children of in-service or retired defence personnel from these forces applying for MBA/ PGPM program.
There are some factors based on which the PGDM seat intake of Valia School of Management is decided. Hence, there are 300 seats available for its PGDM courses at the institute. Candidates can find the following key points that affect the PGDM seat intake of Valia School of Management:
- Availability of Seats
- Number of students who applied
- Number of students shortlisted
- Performance in the accepted entrance exam
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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