Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
820 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
Imperial School of Banking and Management Studies offers the best placement assistance to the students. The school has partnerships with eminent organisations for placements. ISBMS Pune also offers internships for better practical exposure. The the highest and the lowest packages are INR 15 LPA and INR 6.78 LPA, respectively. The top recruiters of ISBMS placements are Wipro, Morgan Stanley, Acuity, All-State, London Stock Exchange, and others.
RIT Kolhapur has an impressive placement report. The table below provides the placement statistics recorded during RIT Kolhapur placements 2024:
Particulars | Placement Statistics (2024) |
|---|---|
Placement rate | 64.29% (Automobile) 100% (Civil Engineering) 94.41% (CSE) 87.5% (Electrical) 100% (Mechatronics) 93.33% (etc..) 96.49% ( CS & IT) 92.41% (Mechanical) 77.14% (MBA) 100% (MTech) |
No. of Offers | 441 (BTech) |
the highest package | INR 10 LPA (Diploma) INR 9.13 LPA (BTech) INR 5.10 LPA (MBA) INR 2.4 LPA (BBA) |
Average package | INR 1.46 LPA (Automobile) INR 2.38 LPA (Civil Engineering) INR 4.34 LPA (CSE) INR 3.44 LPA (Electrical) INR 3.75 LPA (Mechatronics) INR 4.46 LPA (etc..) INR 4.46 LPA ( CS & IT) INR 4.14 LPA (Mechanical) INR 3.3 LPA (MBA) INR 2.74 LPA (Diploma) INR 1.48 LPA (BBA) |
No. of companies | 3 (Automobile) 12 (Civil Engineering) 23 (CSE) 8 (Electrical) 9 (Mechatronics) 20 (etc..) 23 ( CS & IT) 19 (Mechanical) 14 (MBA) 4 (BBA) |
No. of Students placed | 9 (Automobile) 13 (Civil Engineering) 129 (CSE) 40 (Electrical) 47 (Mechatronics) 50 (etc..) 49 ( CS & IT) 65 (Mechanical) 108 (MBA) 26 (BBA) 9 (MTech) |
As per the latest report, the highest package offered to the 2024 passing-out batch was INR 12 LPA. The table below represents the same:
| Particulars | Placement Statistics (2024) |
|---|---|
| the highest package | INR 12 LPA |
It depends on the course in which the student is interested. Hirachand Nemchand College of Commerce (HNCC) offers BBA, MBA, and BCA courses. Admission to the MBA course at the college is done based on the scores obtained in the entrance exams such as MAT, XAT, MAH CET, etc. Admission to other courses is done directly based on the scores obtained in the previous qualifications.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Over 1,215 job offers were attracted from the 200 companies that visited the college campus. More than 820 offers were of packages between INR 4 LPA and INR 12 LPA. Check the complete insights of Rajarshi Shahu College of Engineering placements 2023 from the table below:
| Particulars | Placement Statistics (2023) |
|---|---|
| No. of offers | 1,215+ |
| No. of eligible students | 766 |
| No. of students placed | 673 |
| No. of companies visited | 200+ |
| Offers between INR 4 LPA and INR 12 LPA | 820+ |
Yes, Chhatrapati Shahu Institute of Business Education and Research does offer MBA course for the duration of two-years. The institute offers MBA course through the School of Business and School of Environmental Science and Management in several specialisations.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
To get admission to PGDM course at Atharva School of Business, candidates must be graduated with minimum 50% aggregate from a recognised university. Admission to this course is entrance-based. Candidates must qualify for either CET- MAH-MBA / CAT / MAT / XAT / ATMA/ CMAT with a valid score. At last, the selected candidates must pay a certain amount of fee to lock their seats.
For various Undergraduate, Graduate, and Doctoral programmes, different admissions criteria apply. The candidates must be eligible to take the entrance exam and arrive for the appropriate counselling in the case of national entrance exams. The university then makes seat allocations available, and depending on their rankings, the students will be shortlisted for the many affiliated colleges. Candidates can see the steps below for filling up the admission form for MUHS Nashik:
- Visit the official website
- Click on the tab indicating the application form
- Read all the instructions and register with personal details such as name, contact details, password, etc. to generate the application number and password
- After the credentials are generated, log in and fill out the application form with personal and educational details, exam medium and exam city preference and photograph and signature upload
- Complete the application process by paying an adequate amount of the application fee
The scope of MBA course is increasing day by day. MBA is one of the big job oriented professional programme and the most one which has been sought by the students. Once you have completed your degree, you have a great job opportunity in the industrial world. You may the manager or executive in term of designation.
The management term is most suited to the managers and that's why it is the way, where you can reach on the top of the height as soon as possible by using your leadership and working proficiency. An MBA professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MBA professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MBA professional.
Some job profiles are listed here:
- Brand Manager
- Account Manager
- International Business Manager
- Marketing Executive
- Business Technical Consultant
All the best.
The MBA admission process at Garware Institute of Career Education and Development, University of Mumbai, entails the following steps:
- Review the MBA program's eligibility criteria on the university's official website or trusted sources.
- If necessary, register for the Sports Management Admission Test (SMAT).
- Apply for the MBA programme through the university's official website or reliable channels.
- Complete the application form with required information and upload necessary documents.
- Submit the application fee according to the fee structure via available payment methods.
- Await the publication of the merit list and participate in counseling, if applicable.
- If selected, report to the institute with original documents for verification, along with self-attested photocopies.
- Submit the fee as specified in the fee structure via available payment modes.
- Complete any additional formalities at the institute.
Vidyalankar Institute for International Education provides industry oriented learnings. It facilitates students with international placement opportunities to work in the global marketplace. Several students also pursue for higher studies. Furthermore. the Institute has a record of 100% placement and students are trained as per industry norms and regulations. The faculty conducts various events and activities for the students to understand roles better.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The highest package offered during BSS Foundation - School of Management placements 2025 stood at INR 22 LPA. The table below presents the same:
Particulars | Placement Statistics (2025) |
|---|---|
the highest package | INR 22 LPA |
Note: The placement year is not mentioned on the official website. Hence, the placement data mentioned above is assumed for the year 2025.
Yes, IIDE has a placement cell which helps students attain placements. It is also responsible for campus recruitment. They provide a hands on training approach designed to maximize each learner's full potential with expert led digital marketing training, industry focused preparation, live projects, mentorship and more
For admission to its MBA program, Ajeenkya DY Patil University (ADYPU) accepts scores from several entrance tests. The Common Admission Test (CAT), Management Aptitude Test (MAT), Xavier Aptitude Test (XAT), AIMS Test for Management Admissions (ATMA), and Common Management Admission Test (CMAT)134 are examples of these tests.
The university's MBA programme selection criteria are based on the results of these entrance exams. Candidates who have missed or do not have a valid examination scorecard may be required to take a university entrance examination1.
Please keep in mind that these are just guidelines; the real admissions procedure may differ. For the most current and up-to-date information, please check the official university website or contact the university's admissions office.
For applying at St. Wilfred’s College of Management Studies, students can visit the official website of the institute and head to the admissions page. There they can first register themselves by providing communication details.
1. After visiting the official website of St. Wilfred’s College of Management Studies and providing the communication details, students must verify their email addresses.
2. Applicants can then proceed to fill in the required details (personal/academic/professional).
3. After entering the details, candidates are required to pay INR 1,000 to finally submit the form on the admissions portal.
4. After a successful application and shortlisting, candidates would go through a few additional assessments after which they can receive their admission letters.
In case of further queries, St. Wilfred’s College of Management Studies has set up a Query Management System (QMS). This convenient system is called St. Wilfred, Mira Road –QMS, and can be used by students to be informed about any of their doubts.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, candidates can get admission with a 70 percentile for BTech courses. Among all the categories, the MHTCET cutoffs have been released for the EWS Home State quota at Prof. Ram Meghe Institute of Tech. And Research. So, according to the Prof. Ram Meghe Institute of Tech. And Research cutoff 2024 released for the EWS quota, the percentile required to get a call is ranged between 9.21 and 89.39 for the Home State. Considering the cutoff range, the most competitive course was B.Tech in Computer Science Engineering. Check out the courses available at a 70 percentile score:
| Course | 2024 |
|---|---|
| B.Tech in Mechanical Engineering | 9.21 |
| B.Tech in Civil Engineering | 32.83 |
| B.Tech. in Artificial Intelligence (AI) and Data Science | 65.88 |
| B.Tech in Computer Science and Engineering (IoT) | 65.29 |
Yes, Alard University admissions 2025 are open. Interested students can visit the official website of the university and apply for the desired programme by filling out the application form available online. The university accepts candidates on both merit and entrance basis. In case of any queries, students may reach out to the admission help desk of the university by filling out the Enquiry Form available on the university's officail website.
Tirpude Institute of Management Education follows a criteria for taking admissions to its various courses:
| Courses | Eligibility Requirement |
|---|---|
| BBA | Class 12 mark sheet from a recognised board, or 3-Years Diploma in any discipline |
| MBA/PGDM | A Bachelor's Degree in any discipline or its equivalent with 45% aggregate marks from a reputed Institute/University |
As per the latest report, the college recorded an 88% placement rate for its PGDM batch in the academic year 2024-2025. The the highest and average package offered during Sasmira's Business School placement 2025 was INR 12 LPA and INR 5.5 LPA, respectively. The top recruiters of Sasmira's Business School, Mumbai in 2024 included Jaro Education, Globus, Indiabulls, Lanxess, Zodiac, etc.
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2026
- Top Private MBA Colleges in India 2026
- 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