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
In general, the faculty at Genba Sopanrao Moze College of Engineering (GSMCOE) is comprehensively regarded as adequately qualified and experienced. Many professors are Masters degree holders (M.Tech., Ph.D.) in their own fields, and they carry both theoretical knowledge and practical experience in the class. The institution trains very well with the relevant theoretical knowledge and encourages practical application of knowledge by organizing workshops, seminars, and industry interaction sessions.
As with most institutions, the quality of teaching varies from department to department and depending on the individual faculty member. Overall, it adds up to GSMCOE continuously improving its quality of teaching through the professional development of faculty and its interaction with industry.
Yes, Amrutvahini College of Engineering conducts placement drives annually for BTech, M.Tech and MBA courses. The key highlights of Amrutvahini College of Engineering placements for the Class of 2024 and 2025 are tabulated below:
Particulars | Placement Statistics (2024) | Placement Statistics (2025) |
|---|---|---|
the highest package | INR 8.5 LPA | INR 8.8 LPA |
Total placements | 715 | 486 |
Comparing the MBA programs at ICRI Mumbai and ICRI Pune requires a nuanced approach because both have their strengths and weaknesses depending on your individual priorities and needs. Here's a breakdown to help you evaluate:
Factors to Consider:
- Program Focus: Both campuses offer various MBA specializations, but there might be slight differences in their focus areas. Check what each campus specializes in and which aligns more with your career goals.
- Faculty and Industry Connect: Research the faculty profiles and industry collaborations at each campus. Assess which campus has faculty expertise and partnerships relevant to your chosen specialization.
- Placement Record: Compare the placement records of both campuses, focusing on the industries, average salaries, and companies hiring graduates.
- Fees and Scholarships: Tuition fees and available scholarship options can differ between the two campuses. Consider the financial aspect and choose the programme that offers better value for your investment.
- Location and Infrastructure: The location of each campus might be relevant depending on your personal preferences and accessibility. Assess the infrastructure and facilities offered by each campus.
- Program Structure: Check whether both campuses offer full-time or part-time MBA programs and choose the format that suits your learning style and schedule.
Additional Resources:
- ICRI Mumbai and ICRI Pune websites: Explore the official websites of both campuses for detailed information about their MBA programs, curriculum, faculty, and placement records.
- Student reviews and alumni network: Reach out to current students or alumni of both campuses through online forums or social media to gain firsthand insights about their experiences.
- Admission department contact: Contact the admissions departments of both ICRI Mumbai and ICRI Pune for specific information about eligibility criteria, application procedures, and upcoming information sessions.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
No, G H Raisoni University Amravati does not accept direct admissions for any of its programmes. The university does however, accept students on a merit basis for a lot of its courses. Those looking to apply for merit-based programmes need to meet the minimum qualification as specified by the university. In case of any doubts, students may reach out to the university's help desk.
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 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 School offers PGDM programme in four specialisations, including Marketing, Finance, Human Resources and Information Technology. Admission criteria is the same for all the specialisations.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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 average package for Jhulelal Institute of Technology has not been released. However, the highest package for 2024 is present in the table below:
Particulars | Placement Statistics (2024) |
|---|---|
the highest Package | INR 12.36 LPA |
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 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.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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 total number of MBA seats available at SNDT College is 200. Seats will be allotted on a first-come, first-serve basis, so better apply as soon as possible. Students must possess a bachelor's degree in any field from a recognised university with at least 50% of his/her total marks. Students must have a valid score in any of the National level entrance exams, such as CAT, MAT, XAT, CMAT, or the own entrance exam of the university. This is the combined intake for all the MBA specialisations offered by SNDT College. The number of students admitted in each specialisation may vary.
The cutoff for DES Pune University hasn't been declared yet. However, I can help you know about the admission process by DES Pune University. For different courses, DES Pune University has its own entrance exam known as DES UCET/PCET . The exam will carry 25 general aptitude questions and 25 program-specific questions. There will be no penalty for an incorrect answer. Online personal interaction will also carry 50 marks ¹. Most cases accept standardized entrance test scores for programs like B.Tech, MBA, PGD, and PGC . Current cut-off and admissions for the universities are also available on the official websites of the respective universities, and the students can directly contact the universities to inquire about the admissions in the universities .
The final selection for course admission at ILAM - Ajeenkya DY Patil University, Pune is based on students performance. ILAM - Ajeenkya DY Patil University, Pune admissions are primarily aptitude test followed by GD-PI. Candidates can register online for admission to their preferred course.
| Courses | Eligibility |
|---|---|
| BBA | Candidate must have passed 10+2 from any recognized board. |
| B.A. | Candidate must have passed 10+2 or equivalent examination from a recognized school/board. |
| B.Com | Candidate must have passed 10+2 or equivalent examination from a recognized school/board. |
| B.Lib.I.Sc. | Candidate must have passed graduation from a recognized University/Institute. |
| B.Voc | Candidate must have passed 10+2 or equivalent examination from a recognized school/board. |
| BCA | Candidate must have passed 10+2 or equivalent examination from a recognized school/board. |
| B.Sc. | Candidate must have passed 10+2 or equivalent examination from a recognized school/board. |
| MBA/PGDM | Candidate must have completed minimum three year Bachelor's Degree in any discipline or its equivalent with above mentioned marks (45% in case of candidates of backward class categories and Persons with Disability belonging to Maharashtra State only) from any of the Universities recognized by UGC or AIU. |
| UG Diploma | Candidate must have completed 10+2 from any recognised Board/Council. |
| MCA | Candidate must have completed B.C.A/ B.Sc. (Computer Science) /B.Sc (IT) /B.E.(CSE) / B.Tech (CSE) / B.E. (IT) / B.Tech. (IT) or equivalent Degree with above mentioned marks from any recognised University/Institute. Or Candidate who have completed any graduation degree B.E./B.Tech/ B.Sc/ B.Com/ B.A. /B.Voc. preferably with Mathematics at 10+2 Level or at Graduation Level(with additional bridge Courses as per the norms of the concerned University) with above marks can also apply. Candidates appearing for final year of qualifying examination are also eligible to appear. |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
After completion of the counselling process, students must pay a certain amount to confirm their MBA admission at ICT Mumbai. As per an official document, at the time of admission, students must carry a Demand Draft of INR 3 lakh (in favour of 'Institute of Chemical Technology, Mumbai') payable at Mumbai.
Note: The above-mentioned fee is as per the official sources. However, it is indicative and subject to change.
No, candidates cannot join the PGDM course at the Western Business School, Pune after Class 12. Western Business School, Pune offers PGDM courses at the PG level. Candidates looking for admission should have valid national-based entrance exam scores such as CAT, XAT, MAT, CMAT. The course is offered in three specialisations, i.e., PGDM General, Agri-Business Management and Pharma Management. Further, the total tuition fee ranges between INR 5 lakh-INR 7 lakh.
The key highlights of KDK College of Engineering placements 2023 are tabulated below:
| Particulars | Placement Statistics (2023) |
|---|---|
| the highest package | INR 10 LPA |
| Average package | INR 3.30 LPA |
| Students placed | 394 |
| Popular recruiters | TCS, HCL Technologies, Technip Energies |
Some the top recruiters for Terna Global Business School are listed below:
Terna Global Business School Top Recruiters | |
|---|---|
ICICI Bank | HDFC Bank |
Kotak Bank Finance | Naukri.com |
HCL Tech | Capgemini |
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- MBA Colleges accepting CAT in India
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