Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
798 Best MBA Colleges in Maharashtra
Close to 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, refer:
In this guide, you will be able to sort which Maharashtra colleges for MBA are 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
Close to 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, refer:
In this guide, you will be able to sort which Maharashtra colleges for MBA are 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 Colleges in Maharashtra for MBA: 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. They have varying fees, and not necessarily each one of them will be equal in terms of the outcome that meets your goals. Check this table for fee ranges, placements, rank, and popularity.
| Parameters |
Details |
|---|---|
| Number of MBA Colleges in Maharashtra |
798 |
| 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 IIMs have high entry cutoffs and take in candidates only from CAT exam. 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.
| Exam Schedule |
Exam Syllabus |
|---|---|
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.
| 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 |
Private MBA Colleges in Maharashtra: 2026 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 |
Best MBA Colleges in Maharashtra
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
There are about 700+ best MBA colleges in Maharashtra. Among these, 473 colleges are privately owned, 37 colleges are owned by public/government organisations and public-private entities own 20 MBA colleges. CAT, CMAT, MAH CET, MAT, XAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Maharashtra. NMIMS School of Business Management, Symbiosis Institute of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, etc. are some of the popular MBA colleges in Maharashtra.
Joining MBA colleges in Maharashtra 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 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!!
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 |
There are about 70 top Online MBA colleges in Maharashtra. Some of them are mentioned below along with their tuition fees:
| Online MBA Colleges | Tuition Fee |
|---|---|
| SPJIMR Mumbai | INR 10 lakh |
| Welingkar Mumbai | INR 61,000 - INR 1 lakh |
| Pune Institute of Business Management | INR 3 lakh |
| National Insurance Academy- NIA | INR 11 lakh |
| Amity University Online | INR 2 Lacs - INR 3 lakh |
The different admission tests that leading MBA colleges in Maharashtra accept are listed here, along with a cutoff prediction and the number of universities that accept each exam:
Exams | Number of Colleges | Cut off Predictor |
|---|---|---|
MAH CET | 621 | |
CAT | 424 | |
CMAT | 406 | |
XAT | 390 | |
MAT | 390 | |
ATMA | 364 |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The table below shows the distance MBA colleges in Maharashtra along with their total tuition costs:
| Distance MBA Colleges | Total Tuition Fee |
|---|---|
| Symbiosis Centre for Distance Learning | INR 50,000 |
| Institute of Distance and Open Learning, University of Mumbai | INR 19,000 - INR 1 lakh |
| IIBMS | INR 41,000 - INR 51,000 |
| Yashwantrao Chavan Maharashtra Open University | INR 33,000 |
| MIT School of Distance Education, MAEER | INR 65,000 - INR 9 lakh |
MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required.
Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.
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.
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2026
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- Top IIMs in India 2026
- Top MBA Colleges in Kerala 2026
- Top MBA Colleges in Karnataka 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