Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
821 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 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 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
- 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
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 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 the official sources 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.
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
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Best MBA Colleges in Maharashtra
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Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
CMAT cut offs are not released on a particular date. Since, the NTA does not conduct any counselling or selection process on behalf of the CMAT accepting colleges, there is no one date when the cut offs are released. The NTA announces CMAT result and after that the participating institutes release their CMAT cut offs, MBA Admission criteria individually. The cut offs vary for each college and is determined by the admission cell. The NTA has no role in cut off determination. So, candidates who have appeared for the CMAT exam can check the websites of their target colleges for admission criteria and cut offs. Most of the colleges have already published their admission criteria. You can check this page for CMAT cut offs: https://www.shiksha.com/mba/cmat-exam-cutoff.
MumbaiPvtCommonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
JS Kothari Business School offers a Holistic PGDM programme in full-time mode. Hence, candidates are required to attend the classes regularly. The two-year course is divided into semester pattern.
MumbaiPvtCommonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
To secure admission, the candidates have to qualify in CAT/MAT/XAT/ATMA or GMAT.Candidates are selected for MBA, M.Com and MA based on the merit in the qualifying examination and CAT/MAT/GMAT/XAT/ATMA (for MBA) and performance in GD/PI round conducted by the institute.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
As per the latest report, Pearl Academy Mumbai recorded 99% placement rate in the academic year 2024-2025. The key highlights of the Pearl Academy Mumbai placements for the Class of 2025 are presented below:
Particulars | Placement Statistics (2025) |
|---|---|
Placement rate | 99% |
Highest package | INR 26 LPA |
Average package | INR 4.8 LPA |
Total recruiters | 700+ |
Total students placed | 56 |
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.
- 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
