Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
823 Best MBA Colleges in Maharashtra
More than 800 MBA colleges in Maharashtra are located across India’s financial capital, with the highest number, followed by Pune and Nagpur. If you go by 2025’s NIRF ranking of the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra. IIM Mumbai and five more are in Mumbai, SIBM (Symbiosis Institute of Business Management) ranks from Pune, and it's above IIT Bombay's Shailesh J. Mehta School of Management. In Nagpur, both IIM Nagpur and IMT Nagpur secured top rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best, and the ones which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also come across some of the good government MBA colleges in Maharashtra, besides the two IIMs and one IIT, with relatively low fees and greater ROI.
More than 800 MBA colleges in Maharashtra are located across India’s financial capital, with the highest number, followed by Pune and Nagpur. If you go by 2025’s NIRF ranking of the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra. IIM Mumbai and five more are in Mumbai, SIBM (Symbiosis Institute of Business Management) ranks from Pune, and it's above IIT Bombay's Shailesh J. Mehta School of Management. In Nagpur, both IIM Nagpur and IMT Nagpur secured top rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best, and the ones which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also come across some of the good government MBA colleges in Maharashtra, besides the two IIMs and one IIT, with relatively low fees and greater ROI.
- Best MBA Colleges in Maharashtra: Highlights
- Top MBA Colleges in Maharashtra: NIRF 2025
- Eligibility for Best Colleges for MBA in Maharashtra
- Entrance Exam Schedules for MBA in Maharashtra in 2026
- 10 Best Private MBA Colleges in Maharashtra
- ROI of Best MBA Colleges in Maharashtra
- MBA Colleges in Maharashtra with Low Fees
- 7 Best Government MBA Colleges in Maharashtra
- Top Cities for MBA in Maharashtra
- Compare the Best MBA Colleges in Maharashtra
Best MBA Colleges in Maharashtra: Highlights
The best colleges for MBA in Maharashtra are in Mumbai, Pune, and Nagpur, largely, when you look at ranking surveys. Aurangabad, Nashik, Amravati, Raigad, and Kolhapur also have a few, with reasonably lower fee ranges. The choices in the state are quite good to meet all types of budget and career goals.
| Parameters |
Details |
|---|---|
| Number of MBA Colleges in Maharashtra |
800+ |
| Fee Range for MBA colleges in Maharashtra |
~ INR 16,000 - INR 27 Lakh |
| Most Popular Specialisations for MBA in Maharashtra |
MBA in Finance Colleges in Maharashtra: 270+ Maharashtra Sales & Marketing MBA Colleges: 255+ HR in MBA Colleges in Maharashtra: 240+ institutes |
| Accepted Entrance Exams in 2026 |
MAH MBA CET, CAT, CMAT, MAT, XAT, ATMA |
| Min. Eligibility for MBA Colleges across Maharashtra |
Min. of 50% or equivalent CGPA in graduation (+ Class 10th/12th marks required) + Entrance exam scores |
| Top Cities for Maharashtra MBA Colleges (NIRF '25 data) |
Mumbai, Pune, Nagpur |
| IIM Median Salary in Maharashtra MBA Colleges (NIRF '25 data) |
IIM Mumbai: INR 25 LPA |
| Accreditations |
AICTE, DTE, NBA, AACSB |
Top MBA Colleges in Maharashtra: NIRF 2025
NIRF ranks MBA colleges in India annually. You can refer to the last officially updated rankings for the 13 top MBA colleges in Maharashtra below. We list two tiers (1-100 and 101-125) here. While most of the top B schools in the state (in the 1 -100 tier) are concentrated in Mumbai, the 101-125 tier of NIRF 2025 ranks colleges, all of which are located in Pune. Going by this ranking list alone, after Mumbai, Pune can be the next best option for an MBA in Maharashtra. Also, in this list, only the IIMs in Mumbai and Nagpur, along with IIT Bombay and NIBM Pune, are government-owned; the rest like IMED (Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development), Pune Institute of Business Management, and Sri Balaji University, are all private.
| MBA Top Colleges in Maharashtra Ranking | Rank | Location |
|---|---|---|
| IIM Mumbai Ranking | 6 | Mumbai |
| Symbiosis Institute of Business Management Ranking | 11 | Pune |
| Indian Institute of Technology Bombay Ranking | 14 | Mumbai |
| S. P. Jain Institute of Management and Research Ranking | 20 | Mumbai |
| NMIMS Mumbai Ranking | 24 | Mumbai |
| IIM Nagpur Ranking | 25 | Nagpur |
| K J Somaiya Institute of Management Ranking | 65 | Mumbai |
| Prin. L.N. Welingkar Institute of Management Development and Research Ranking | 75 | Mumbai |
| Institute of Management Technology Ranking | 99 | Nagpur |
| Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth Ranking | 101-125 | Pune |
| National Institute of Bank Management Ranking | 101-125 | Pune |
| Pune Institute of Management Ranking | 101-125 | Pune |
| Sri Balaji University Ranking | 101-125 | Pune |
Source: Official NIRF report: India Rankings 2025: Management. For 2026, it is yet to be published by NIRF.
Eligibility for Best Colleges for MBA in Maharashtra
For MBA colleges in Mumbai and Greater Mumbai, Pune, Nagpur, and all other parts of Maharashtra, these are the basic eligibility conditions for MBA.
- At least 50% in graduation from any stream, and from any recognised university.
- Valid scores in CAT, MAH MBA CET, or similar.
For MBA admissions at Maharashtra colleges, there are personal interviews, profile selections, and counselling processes, after cutoff announcements are made.
Entrance Exam Schedules for MBA in Maharashtra in 2026
The best MBA colleges in Maharashtra take in several exams simultaneously. It's known that the IIMs have high entry cutoffs and take in candidates only from the CAT exam. Also, valid scores from CAT can matter in some other government and private colleges in the state for scholarships and entry, but ideally, you should sit for the MAH CET exam to pursue an MBA programme at the different top-ranking colleges in the state.
| MBA Entrance Exams in Maharashtra |
Entrance Exam Schedules |
|---|---|
| MAH MBA CET |
|
| CAT |
|
| MAT | |
| XAT | |
| CMAT | |
| ATMA | |
| SNAP |
Note: All info. is from official sites and can change.
10 Best Private MBA Colleges in Maharashtra
Maharashtra has many top-tier private B schools with flexible fee ranges, domestic and international industry tie-ups, prestigious accreditations that are valued in the West and the rest of the world, and most importantly, the specialisations that the job market around the world is currently demanding to fill the growing skill gaps.
| Private MBA Colleges Maharashtra 2026 |
Tuition Fees |
|---|---|
| INR 6.9 Lakh - INR 26+ Lakh |
|
| INR 16 Lakh - INR 26+ Lakh |
|
| INR 16 Lakh - INR 27 Lakh |
|
| INR 13.5 Lakh - INR 23.5 Lakh |
|
| Prin. L. N. Welingkar Institute of Management Development and Research MBA Courses |
INR 1.7 Lakh - INR 14 Lakh |
| INR 7.2 Lakh - INR 14.5 Lakh |
|
| INR 13.4 Lakh |
|
| INR 2.4 Lakh - INR 6.2 Lakh |
|
| INR 12.8 Lakh |
|
| ASM's Institute of Business Management and Research MBA Courses | INR 2.4 lakh - INR 8.5 Lakh |
Note: All info. is from the official sources and can change.
ROI of Best MBA Colleges in Maharashtra
Analysing the returns for MBA colleges in Maharashtra is one major deciding factor when choosing the best. The median packages for some of the private MBA colleges, like NMIMS, SPJIMR, or Symbiosis, in the state are also higher than government-run institutions but they also come with premium fees. Similarly, you also must factor in the fact that if NIRF ranks a college above another, it necessarily does not mean the higher ranking institute has better placements. There are several other business schools that are not listed in ranking surveys, but their fee-to-salary ratios are much better than ranked ones. Having that said, the table below lists a few business schools across the state with high returns.
| Maharashtra MBA College Placements | Tuition Fees | Median Salary |
|---|---|---|
| Pune Institute of Business Management MBA Placement | INR 2.73 Lakh - INR 36 Lakh | INR 8.15 LPA - INR 60 LPA |
| S P Jain Institute of Management and Research MBA Placement | INR 16 Lakh - INR 26.1 Lakh | INR 32.8 LPA |
| BITS School of Management MBA Placement | INR 23.8 Lakh | INR 20.5 LPA |
| Garware Institute of Career Education and Development (MU) MBA Placement | INR 4.1 Lakh - INR 8.41 Lakh | INR 15 LPA - INR 18 LPA |
| Datta Meghe Institute of Higher Education and Research MBA Placement | INR 1.5 Lakh - INR 1.67 Lakh | INR 13.2 - INR 14.4 LPA |
Note: All info. is from official sites and can change.
MBA Colleges in Maharashtra with Low Fees
Maharashtra hosts 25+ private MBA colleges with low fees. See table below.
| Maharashtra MBA College Placements | Tuition Fees |
|---|---|
| Dhanwate National College MBA | INR 19,690 |
| Rajendra Mane College of Engineering and Technology MBA | INR 66,666 |
|
|
INR 80,180 |
| INR 82,610 | |
| INR 83,000 |
Note: All info, is from official sites and can change.
7 Best Government MBA Colleges in Maharashtra
The state universities in Mumbai and Pune offer several low-fee MBA programmes through affiliated colleges, but the central government-owned IIMs in both Nagpur and Mumbai, and IIT Bombay's SJMSOM are not exactly cheap. These three National Institutes of Importance are among the best ROI MBA colleges in Maharashtra. Other than these, however, affiliated colleges under Pune’s SPPU and Kolhapur’s Shivaji University are quite affordable, while placements are moderately decent in terms of locations and job availability. Because of these reasons, too, you can consider that some of the non-IIMs are the best government MBA colleges in Maharashtra with a good fee-to-salary ratio.
| Govt. MBA College Maharashtra Programmes |
Tuition Fee |
|---|---|
| INR 25 Lakh |
|
| INR 19 Lakh |
|
| INR 10 Lakh - INR 14.9 Lakh |
|
| INR 35,000 - INR 36 Lakh |
|
| INR 50,700 - INR 2.4 Lakh |
|
| INR 90,000 - INR 2.6 Lakh |
|
| INR 16,000 - INR 2.7 Lakh |
Note: All info. is from the official sources and can change.
Top Cities for MBA in Maharashtra
By now, you must have an idea that Mumbai and Pune are great options for an MBA in Maharashtra. These two cities have the largest number of ranked management colleges, which you can also refer to in our guide to top MBA colleges in Pune. Besides these two cities, you can check Nagpur and Kolhapur, which primarily house more affiliating government universities with smaller multidisciplinary and private colleges.
For city-wise breakup of the best MBA colleges in Maharashtra, especially for the ones that are noteworthy for their placement transparency and decent fee-to-salary ratio, refer to this table.
| MBA Colleges in Maharashtra City/Region-Wise | Good ROI Colleges for MBA | Fee Range |
|---|---|---|
| 180+ Best MBA Colleges in the Mumbai Metropolitan Region | Indian Institute of Digital Education, Universal AI University, ATLAS SkillTech University, Chetana's Institute of Management and Research | INR 62,440 - INR 25 Lakh |
| 260+ Best MBA Colleges in Pune | National Insurance Academy, FLAME University, Mulshi Institute of Business Management, Kirloskar Institute of Management |
INR 30,000 - INR 26+ Lakh |
| Kamla Nehru College, S B Jain Institute of Technology, Management and Research, Dr. Ambedkar Institute of Management Studies and Research, Department of Business Management - Nagpur University | INR 16,000 - INR 19 Lakh | |
| 15+ Colleges for MBA in Kolhapur | Chhatrapati Shahu Institute of Business Education and Research, Sanjay Ghodawat University - SGU, Institute of Management, Bharati Vidyapeeth |
INR 82, 610 - INR INR 4.9 Lakh |
Compare the Best MBA Colleges in Maharashtra
If you want to do a head-to-head comparison of the best MBA colleges in Maharashtra, follow these links.
- Compare SIBM Pune with other institutes in Pune and the state
- Compare K J Somaiya with Mumbai's top MBA colleges and nearby cities
- BAMU Aurangabad comparison with nearby cities and districts in Maharashtra that host the best MBA colleges
Best MBA Colleges in Maharashtra
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
There are only 2 Government Colleges in India that provide PGDM Courses and accept MAT Scores, others provide MBA, which is similar to PGDM. The colleges are -
Yes, Symbiosis Institute of Business Management is definitely a good option for pursuing an MBA degree.SIBM Pune is a constituent of Symbiosis International (Deemed University) which is accredited with A ++ Grade by NAAC. Symbiosis Institute of Business Management Pune was established in 1978 and is a member of EFMD & EFMD Global network. The institute has been ranked 13 under the Management category by the NIRF 2024.
Joining Online MBA colleges in India can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:
College Names | Total Tuition Fee | Annual Average Package |
|---|---|---|
| Great Lakes Institute of Management MBA | INR 4 lakh | INR 12 LPA |
INR 2 lakh | INR 8 LPA | |
| Birla Institute of Management Technology MBA | INR 3 lakh | INR 11 LPA |
INR 2 lakh | INR 8 LPA |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
The best online MBA college would depend on various factors of learning and career growth. But, if you must choose by curricula and global employer appeal, IIM Ahmedabad has advanced blended online MBA programmes. It's also NIRF’s no. 1 management college in India, for the last two years. IIM Ahmedabad offers two online MBA programmes in blended mode. One is a general course, MBA- BPGP (Blended Post Graduate Programme in Management). The other one is the Blended MBA in Business Analytics & AI.
IIM Mumbai is one of the premier Management Institutes in India. The past three-year placement trends suggest that the highest package offered during IIM Mumbai placements stand between INR 49 LPA and INR 78 LPA.
Further, the salary package offered during IIM Mumbai placements 2024 is presented below:
Particulars | Placement Statistics (2024) |
|---|---|
the highest package | INR 54 LPA |
Top 10% average package | INR 47.29 LPA |
Top 20% average package | INR 40.71 LPA |
Top 50% average package | INR 33.84 LPA |
Average package (for PPOs) | INR 29.44 LPA |
Median package (for PPOs) | INR 28 LPA |
Amity University, Mumbai
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc.
Listed below are some of the affordable MBA colleges in Maharashtra that have tuition fees of less than INR 1 lakh:
| Low-cost Colleges | Total Tuition Fee |
|---|---|
| Welingkar Mumbai | INR 94,000 |
| Indira Institute of Management | INR 30,000 |
| Abasaheb Garware Institute of Management Studies | INR 91,000 |
| Punyashlok Ahilyadevi Holkar Solapur University | INR 88,000 |
| Dr. Babasaheb Ambedkar Marathwada University | INR 20,000 - INR 90,000 |
No, it is not necessary to have an MBA degree to get a job in managerial post in a Government organisation.
A PGDM in a relevant specialisation can be equally eligible or suitable for a managerial role in a Government organisation also.
Some of the popular Govt. PGDM Colleges are given in the table below:
- IIM Kozhikode
- IIM Shillong
- XLRI Jamshedpur
- MDI, Gurgaon
- MICA, Ahmedabad
- IIM Lucknow
- Great Lakes Institute of Management
Yes, the top MBA college in Maharashtra with an MBA after Class 12 is Shailesh J. Mehta School of Management of IIT Bombay. It has a B.Tech + MBA course of five years, which is very competitive with only 20 seats, and the entrances are JEE Main and JEE5 Advanced with high cutoffs.
No, candidates from Maharashtra can get admission in MBA at SPPU through MAH-CET. Candidates who are not from Maharashtra can get admission through scores in CMAT if they do not have valid score in CAT.
For admission in MBA (PBT) offered by PUMBA, admission is given based on score in ATMA.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc.
Listed below are some of the affordable MBA colleges in Maharashtra that have tuition fees of less than INR 1 lakh:
| Low-cost Colleges | Total Tuition Fee |
|---|---|
| Welingkar Mumbai | INR 94,000 |
| Indira Institute of Management | INR 30,000 |
| Abasaheb Garware Institute of Management Studies | INR 91,000 |
| Punyashlok Ahilyadevi Holkar Solapur University | INR 88,000 |
| Dr. Babasaheb Ambedkar Marathwada University | INR 20,000 - INR 90,000 |
These are some popular and well-rated MBA colleges in Maharashtra that have direct admissions.
- Whistling Woods International
- Indian Institute of Digital Education
- MKES Institute of Management Studies & Research
Note: All info. is from official sources and can change.
MBA colleges in Maharashtra are among the best in the country, as the best ones can match up to the fees and more. Before choosing your management education at any part of this state, you must ideally look at the tuition fee and the average packages the graduates get. Check this table for reference.
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
NMIMS School of Business Management MBA | INR 8 lakh – INR 24 lakh | INR 7 LPA - INR 19 LPA |
SIBM Pune MBA | INR 24 lakh | INR 24 LPA |
IIM Mumbai (formerly known as NITIE) MBA | INR 14 lakh | INR 21 LPA – INR 31 LPA |
SPJIMR MBA | INR 15 lakh – INR 24 lakh | INR 3 LPA – INR 32 LPA |
NMIMS Mumbai MBA | INR 10 lakh | INR 19 LPA |
Hope this information proves beneficial for you!!
Yes, it is very much necessary to take entrance exams for PGDM courses in India, If you want to take admission int reputable and top-tier B-schools then it is very crucial.
While some institutions offer direct admission based on graduation merit, most colleges require valid scores from national-level tests like CAT, XAT, CMAT, NMAT, or MAT.
During NMIMS placements 2024, 37% of the MBA Core students were placed through PPOs. A total of 168 companies participated in the placement process, including 72 new recruiters. The institute also witnessed the participation of 68 Fortune 500 recruiters. Check the complete insights of NMIMS MBA placements 2024 from the table below:
| Particulars | MBA Core Placement Statistics (2024) |
|---|---|
| Highest package | INR 67.70 LPA |
| Average package | INR 25.13 LPA |
| Top 10% package | INR 40.60 LPA |
| Top 20% package | INR 37.10 LPA |
| Top 30% package | INR 34.40 LPA |
| Top 40% package | INR 32.10 LPA |
| Batch placed through PPOs | 37% |
| Fortune 500 recruiters | 68 |
| Total recruiters | 168 |
| New recruiters | 72 |
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Each semster of MBA at Shivaji University comprises of vairous core subjects. These subjects are compulsary for all students to attend. Listed below are some of the core subjects included in the curriculum:
- Principles of Management
- Business Communication
- Information Technology for Management
- Organisational Behaviour
- Business Law
KJ Somaiya Institute of Management (KJSIM) admission to all the full-time PG courses is entrance-based and the institute accepts scores of CAT/ XAT/ CMAT/ GMAT/ NMAT for MBA and Executive MBA. PERA-CET, MAH-CET or CUET-PG are accepted for admission to MCA programme. Final selection is based on certain parameters, which include qualifying exam score, and Personal Interview, past academic record, achievements and work experience.
No, candidates are not allowed to get admission into the MBA/ PGDM at Weilingkar Mumbai directly. To get admission into this course, applicants must follow the complete admission process that starts with the registration of the course, appearing in the valid entrance exam, release of the cutoff, admission confirmation, fee payments, etc. In addition, if someone is a prospect to join the MBA at Welingkar Mumbai, they are obliged to follow all these eligibility requirements.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
No, CAT is not compulsory for MBA at Balaji Institute of Modern Management. The institute offers admission to its MBA courses via many entrance tests, and not just CAT. Check below to know all the accepted entrance exams:
- CAT
- MAT
- XAT
- CMAT
- MAH CET
- Sri Balaji Entrance and Screening Test
Last date to submit PIBM MBA application is January 20 this year. You can apply directly through PIBM Online Admission Portal. For this, you need to pay an application fee of INR 1,000.
To check the RTMNU cutoff 2026 go to university website that is nagpuruniversity.ac.in or affiliated college websites for merit lists which is usually released after 10+2 or qualifying exam results. For specific courses students can check admission notices or the state common entrance test like MHT CET portals for cutoffs.
Candidates can refer to the following table for a comparison between both the institutes based on fee and ranking:
Given below is the comparison between IMT lcated in Nagpur and Hyderabad for their MBA/ PGDM courses on the basis of parameters including, NIRF ranking under the Management category and tuition fee:
Institute Name | NIRF Ranking '23 | Tuition Fees | Average Package |
|---|---|---|---|
IMT Nagpur | 101-1012 | INR 13.8 lakh | INR 10.81 LPA |
84 | INR 13.8 lakh | INR 12 LPA |
NOTE: The above-mentioned fees are taken from an unofficial source. Hence, are indicative.
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- Top MBA Colleges in Maharashtra 2026
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