Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
819 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 top 100 management category colleges in India overall, there are 9 top MBA colleges in Maharashtra. IIM Mumbai and five more are in Mumbai, SIBM ranks from Pune. In Nagpur, both IIM Nagpur and IMT Nagpur secured top rankings.
For city-wise breakup for the best MBA colleges in Maharashtra, refer:
In this guide, you will be able to sort which Maharashtra colleges for MBA are best and popular for the finance specialisation or others, and the ones which take candidates through MAH CET, MAT, ATMA. In addition, you will come across some of the good government MBA colleges i
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 top 100 management category colleges in India overall, there are 9 top MBA colleges in Maharashtra. IIM Mumbai and five more are in Mumbai, SIBM ranks from Pune. In Nagpur, both IIM Nagpur and IMT Nagpur secured top rankings.
For city-wise breakup for the best MBA colleges in Maharashtra, refer:
In this guide, you will be able to sort which Maharashtra colleges for MBA are best and popular for the finance specialisation or others, and the ones which take candidates through MAH CET, MAT, ATMA. In addition, you will come across some of the good government MBA colleges in Maharashtra with relatively low fees and greater ROI.
Best MBA Colleges in Maharashtra: An Overview
Colleges for MBA in Maharashtra that are great for management education are not only located in Mumbai, Pune, and Nagpur. Aurangabad, Nashik, Amravati, Raigad, and Kolhapur are relatively more affordable cities/districts for pursuing Master’s of Business Administration in this state. All these areas have some of the best MBA colleges in Maharashtra. The fees vary , and not necessarily each one of them will be equal in terms of the outcome that meets your goals. This table has listed the best few with fee ranges, placements, rank, and popularity.
| Parameters |
Details |
|---|---|
| Number of MBA Colleges in Maharashtra |
800+ |
| Fee Range for the Highest Number of MBA Colleges in Maharashtra |
230+ MBA colleges within INR 1 - 3 L |
| Most Popular Specialisations |
MBA in Finance Colleges in Maharashtra: 270+ Maharashtra Sales & Marketing MBA Colleges: 255+ HR in MBA Colleges in Maharashtra: 240+ institutes |
| Top Private and Government MBA Colleges in Maharashtra (NIRF 2025-based) |
|
| Accepted Entrance Exams in 2026 |
MAH CET, CAT, CMAT, MAT, XAT |
| Eligibility for MBA Colleges across Maharashtra |
Min. of 50% or equivalent CGPA in graduation (+ Class 10th/12th marks required) |
| Top Cities for Maharashtra MBA Colleges (NIRF '25 data) |
Mumbai, Nagpur, Pune |
| IIM Median Salary in Maharashtra MBA Colleges (NIRF ‘25 data) |
IIM Mumbai: INR 25 LPA |
| Accreditations |
AICTE, DTE, NBA, AACSB |
| Highest Median Salary |
~ INR 30 LPA |
Information Source: Multiple external/ official sites, may vary.
Upcoming Entrances and Syllabus for MBA in Maharashtra in 2026
The best MBA colleges in Maharashtra take in several exams. It's known that the IIMs have high entry cutoffs and take in candidates only from 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 different top-ranking colleges in the state.
| Exam Schedule |
Exam Syllabus |
|---|---|
Note: All info. is from the official sources and can change.
7 Best Government MBA Colleges in Maharashtra: Courses, Fees, and ROI
The state universities in Mumbai and Pune offer several low-fee MBA programmes through affiliated colleges, but the government-owned IIMs in both Nagpur and Mumbai, and IIT Bombay 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 MBA colleges in Maharashtra with a good fee-to-salary ratio.
| Govt. MBA College Maharashtra Programmes |
Fee Range (Shiksha Data) |
Placement (Average/Highest/Median - Shiksha/NIRF Data) |
|---|---|---|
| INR 14+ Lakh |
Median of 25 LPA |
|
| INR 1.4 to 19 Lakh |
Median of 16 to 18 LPA |
|
| INR 14.9 Lakh |
Median of 25 LPA |
|
| ~ INR 1.3 to 7 Lakh |
INR 2 LPA to 7 LPA |
|
| ~ INR 50.7K to 2.4 Lakh |
INR 1.4 LPA to 3.8 LPA |
|
| ~ INR 50.7K - 2.4 Lakh |
INR 1.9 LPA |
|
| Rashtrasant Tukadoji Maharaj Nagpur University Courses for MBA |
~ INR 16K - 2.7 Lakh |
INR 1.9 LPA - 6.3 LPA |
Note: All info. is from the official sources and can change.
5 Best Private MBA Colleges in Maharashtra: Admissions, Fees, and ROI
Maharashtra has many top-tier private B schools with flexible fee ranges, domestic and international industry tie-ups, prestigious accreditations that’s 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. The median packages for some of these are also higher than government-run institutions.
| Private MBA College Admissions 2026 |
Average Course Fees |
Placements (Median Salary) |
|---|---|---|
| INR 17.2 Lakh - INR 24.2 Lakh |
INR 26 LPA |
|
| S.P. Jain Institute of Management and Research, Mumbai Admission |
INR 14.5 Lakh - INR 24 Lakh |
INR 30 LPA |
| INR 10 Lakh - 27 Lakh |
INR 8 - 13 LPA |
|
| INR 13.5 Lakh - 21.3 Lakh |
INR 12 LPA |
|
| Prin. L. N. Welingkar Institute of Management Development and Research Admission |
INR 1.7 Lakh - 14 Lakh |
INR 10 Lakh |
Note: All info. is from the official sources and can change.
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 -
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.
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.
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.
The institute has not released the placement percentage. However, the other important statistics are out. Over 99 companies visited the campus for hiring the MBA batch 2022-24. This year 55 new recruiters took participation in the recruitment process. Further, the highest package offered was INR 49 LPA. Check the complete insights of SIBM Pune placements 2023 from the table below:
Particulars | Placement Statistics (2023) |
|---|---|
| Highest package | INR 49 LPA |
| Average package | INR 28.16 LPA |
| Median package | INR 25 LPA |
| Top 10% average package | INR 37.53 LPA |
| Top 25% average package | INR 35.14 LPA |
| Top 50% average package | INR 31.63 LPA |
| Total recruiters | 99+ |
| New recruiters | 55 |
| Top sector | BFSI |
| PPOs | 96 |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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.
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 |
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, 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.
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 |
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!!
To get admission to a two-year MBA course at NMIMS Mumbai, candidates must fulfil the minimum eligibility criteria in the first place to apply for the course. The minimum eligibility is to pass graudation with minimum 50% aggregate. As per the admission process, admission to MBA courses are offered through a valid score of NMAT entrance exam, which is conducted by the NMIMS. Moreover, a group discussion and a PI round is conducted for the final selection for candidates.
Indian Institute of Management-Nagpur (IIM-Nagpur) offers placement assistance to students. The top companies taking part in the placeement drive at Indian Institute of Management-Nagpur (IIM-Nagpur) are Cognizant, Microsoft, KPMG, and others. Hence the placements at IIM, Nagpur are good. Students can get their dream job offers and hence can expect a great career ahead.
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, an MBA is available at Shivaji University. The university offers this programme in two modes, distance and online. For both modes, the duration of the course is two years, and the mode of education is full-time. Students enrolled in this programme study different facets of Management. Moreover, the university also offers an MBA programme via its affiliated colleges.
The fee for the MBA IB programme at BAMU Aurangabad is INR 20,482.
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.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The NMU MAH MBA CET cutoff 2025 was released for admisson to the MBA/MMS programme for students belonging to the different categories under both the All India and Home State quota. The cutoff was published in the form of opening and closing percentiles.
For the General AI category, the last round cutoff percentiles ranged between 1.79 and 79.8. Among all the colleges offering the MBA course, the hardest one for admission was GHRCEM, with a cutoff of 79.8 in the last round.
Note: Other categories, quotas, rounds, etc., will have different cutoffs.
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
Yes, the prestigious Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU) provides 100% Scholarships to its students. The University provides the following scholarships to deserving candidates of it's university - Eklavya Scholarship, Open Merit Scholarship, Maths & Physics Scholarship and Hindi Scholarship. The university also provides various many fellowship programs under its curriculum. Some of them are the Rashtrasant Tukadoji Maharaj Fellowship and Rashtrasant Tukadoji Maharaj Memorial Research Fellowship. Before applying for any of the above scholarships or fellowships, you are recommended to visit the University's official website for more details
At PIBM Pune, students can pursue both MBA & PGDM courses. Interested students can take admission to the course of their choice by fulfilling the basic eligibility criteria along with applying on the official website of PIBM Pune. Find below the course-wise seat bifurcation of Management courses offered at PIBM Pune:
| Course Name | Seat Intake |
|---|---|
| MBA (General) | 360 |
| PGDM | 480 |
| MBA (FinTech) | 60 |
| MBA (Project Management) | 60 |
| Global Joint Degree Program (PGDM Global) | 60 (Partner University) |
| PGDM Hybrid | 60 |
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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