Maharashtra is home to over 700 MBA colleges. Out of which 89% are Private, 7% are Public and 4% are Public Private.
MBA Colleges in Maharashtra Highlights
| Particulars |
Parameters |
| No. of Colleges |
700 (Approx.) |
| Fees |
Annual Fee < INR 1 lakh: Annual Fee INR 1-2 lakh: |
| Top Specialisations |
Finance, HR, Sales & Marketing, IB, BA, etc. |
| Admission Process |
Entrance Based: CAT, MAT, XAT, CMAT, etc. |
MBA is one of the most popular postgraduate course in India as it is open to students from all streams and provide a range of mid and senior level jobs across industries. MBA is a two-year degree course, imparted in full-time as well as part-time, distance learning and online mode. The full-time MBA is the most popular choice among college going students.Â
MBA Colleges in Maharashtra Eligibility Criteria
The basic eligibility criteria for MBA college in Maharashtra is common. However, the selection criteria may vary from college to college. Check the basic eligibility criteria of MBA colleges in Maharashtra below:
- Candidates must have completed graduation in any stream or equivalent from a recognised university
- The minimum score requirement is 50 per cent aggregate in graduation. For reserved category students, the minimum score is 45 per cent aggregate.
- Candidates with professional degrees such as CA/CS/ICWAI etc. are also eligible to pursue MBA
MBA Colleges in Maharashtra NIRF Ranking 2022
National Institutional Ranking Framework (NIRF) ranks colleges every year. The ranking is based on parameters and ranking changes year to year depending on the college/ university’s performance on parameters like infrastructure, placements, faculty, etc.
The below table shows the MBA colleges in Maharashtra that are ranked under NIRF:
List of Private and Public MBA Colleges in Maharashtra
There are 454 Private, 34 Public and 20 Public Private MBA colleges in Maharashtra.
List of Private MBA Colleges in Maharashtra
Below table showing list of private colleges with their annual fees:
| Private Colleges |
Total Tuition Fee |
| Symbiosis Institute of Business Management |
INR 15.9 lakh- INR 22.2 lakh |
| SPJIMR |
INR 20.42 lakh- INR 22.1 lakh |
| NMIMS |
INR 12.04 lakh- INR 24 lakh |
| Amity University, Mumbai |
INR 7.24 lakh- INR 10.52 lakh |
| ITM Business School |
INR 10.95 lakh |
List of Public MBA Colleges in Maharashtra
Below table showing list of public colleges with their annual fees:
| Public Colleges |
Total Tuition Fee |
| IIT Bombay |
INR 4 lakh- INR 20 lakh |
| National Institute of Industrial Engineering, Mumbai |
INR 12.53 lakh- INR 13.43 lakh |
| IIM Nagpur |
INR 17.7 lakh |
| Sasmira’s Institute of Management and Research |
INR 3.98 lakh |
| PUMBA |
INR 1.29 lakh- INR 1.52 lakh |
List of Public Private MBA Colleges in Maharashtra
Below table showing list of public private colleges with their annual fees:
Refer to the infographic below for the detailed overview of colleges:
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Location Wise MBA Colleges in Maharashtra
MBA colleges in Maharashtra are spread across cities including Pune, Mumbai, Nagpur, Nashik etc.
Refer to the infographic below for a detailed overview of location wise MBA colleges in Maharashtra:
ROI of Top MBA Colleges in Maharashtra
Return on Investment (ROI) is the estimated value of the degree in term of monetary benefit you get from the programme. To understand it in simple terms, ROI is the comparison between expenses incurred in pursuing the degree and salary earned from the job secured with the help of the degree. Refer to the table below to know the best MBA colleges in Maharashtra with the average annual fee and average placement package:
| College Name |
Total Tuition Fee |
Average Median Package |
| IIT Bombay |
INR 4 lakh- INR 20 lakh |
INR 22 LPA- INR 25.8 LPA |
| National Institute of Industrial Engineering, Mumbai |
INR 12.53 lakh- INR 13.43 lakh |
INR 20.99 LPA- INR 25.8 LPA |
| Symbiosis Institute of Business Management |
INR 15.9 lakh- INR 22.2 lakh |
INR 20.58 LPA |
| SPJIMR |
INR 20.42 lakh- INR 22.1 lakh |
INR 30.1 LPA |
| NMIMS |
INR 12.04 lakh- INR 24 lakh |
INR 7 LPA- 16 LPA |
Note: Above Statistics are based on latest data.
READ MORE:
Top Recruiters for Post Graduates
MBA graduates from all the domains are in high demand. Below is the list of few top companies in Uttar Pradesh that recruit MBA postgraduates along with their placement ratings:Â
| College Name |
Shiksha Rating |
Top Recruiters |
| National Institute of Industrial Engineering, Mumbai |
4.7 |
Coca-Cola, KPMG, Capegimini, EY GDS, etc. |
| IIT Bombay |
4.5 |
Reliance Industries, Tata Sons and Wipro, etc. |
| Symbiosis Institute of Business Management |
4.4 |
 EY, Flipkart, Google, etc. |
| NMIMS |
4.2 |
Marico, Pepsico, Dabur, GE, Vodafone, Pidilite, and ITC, etc. |
| SPJIMR |
4.2 |
TCS, Infy, PWC, Genpact, KPMG, Accenture, Reliance Jio, Shell, Indus Tower, IBM, etc. |
How Affordable is studying MBA in Maharashtra?
Based on Pie Chart below, it is estimated that that studying MBA in Maharashtra is affordable. As 36% of colleges has their annual fees ranging INR 1-2 lakh and some of them are:
Approx. 26% of colleges has their annual fees ranging > INR 5 lakh and some of them are:
Approx. 18% of colleges has their annual fees ranging INR 2-3 lakh and some of them are:
Approx. 13% of colleges has their annual fees ranging INR 3-5 lakh and some of them are:
Approx. 7% of colleges has their annual fees ranging < INR 1 lakh and some of them are:
MBA Specialisations Offered in Maharashtra
There are various specialisations offered by best MBA Colleges in Maharashtra. Top 10 most popular MBA specialisations in Maharashtra colleges are as Finance, HR, Sales & Marketing, Operations, IT & Systems, IB, BA, Supply Chain, Retail, Family Business, etc.
Refer to the infographic for the detailed overview of specialisations offered by MBA colleges in Maharashtra:
Which are the Most Popular MBA Exams Accepted by Colleges in Maharashtra?
The most popular entrance exam accepted by most MBA colleges in Maharashtra are MAH-CET, NMAT, SNAP, CAT, MAT, CMAT, ATMA and XAT.
Refer to the infographic below for an overview:
MBA Colleges in Maharashtra: Cut Off
