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
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.
Chintamanrao Institute of Management, Development and Research is a private institute that was established in the year 1996 and is affiliated to Shivaji University, Kolhapur. The college has been accredited grade B by NAAC. The college offers BBA, BCA, MBA, and MCA courses at undergraduate, and postgraduate levels. Admission to the courses offered is based on the candidate's performance in the entrance examination.
The institute has an efficient placement cell that works under the guidance of a qualified and experienced placement head. Some top recruiters that recruit CIMDR students include Amul, Axis Bank, Coca-Cola, Federal Bank, Apollo Tyres, etc.
Dr.Kalbhorni Deshbhakta Ratnappa Kumbhar College of Commerce, Kolhapur: the college is very well known and was established in 1957. It has been reaccredited with an A grade by NAAC. The college teaches courses like B.Com, M.Com, B.B.A. and M.B.A. Here, it focuses on the preparation of students for industries by various certificate courses for improving employability skills?.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Post Graduate Courses at Spicer Adventist University (SAU) generally costs -
M.A. (Master of Arts) : 29,645 - 65,500 (Annually)
M.Sc. (Master of Science) : 99,000 - 1,16,500 (Annually)
M.B.A. (Master of Business Administration) : 2,02,000 (Annually)
M.Com. (Master of Commerce) : 40,370 (Annually)
ASBM Pune offers PGDM, approved by AICTE with CBCS curriculum. The Institute offers specialisations such as GEN-AI EDGE, Finance and Human Resource (HR) for the duration of 2 years in full-time mode. The Institute offers 75+ new age Marketing concepts and 10 live projects, 12 certifications with 10+ AI tools and 100% industry curriculum.
Admission to PGDM programme is conducted based on merit and entrance. On qualification through merit and entrance, candidates will have to appear for Group Discussion and Personal Interview. To conclude, it is worth pursuing PGDM from ASBM Pune.
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.
For taking admission in Imperial College of Engineering in the course of MBA, students have to clear ATMA, GMAT or GRI exam.
Eligibility criteria for both the exam needs batchelors or equivalent degree.
Cutoff of GMAT was mainly 600+ score and GRI minimun score of 156 in verbal and 158 in quantitative section.
Exam fees of GMAT-22000 and for GRI-22500.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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.
To get admission into ITM Skills University, students need to fulfil the preset admission criteria of the desired programme. Students seeking to enrol into any of the offered courses need to fulfil the basic eligibility of the course before applying. Eligible students can follow the steps explained below to complete the ITM Skills University admission procedure:
Step 1: Interested students can visit the official website of the university and apply for the course of choice.
Step 2: Aside from fulfilling the basic eligibility, students must also clear the selection rounds. The selection criteria may involve entrance exam scores, Personal Interviews, and other rounds, at the discretion of the university. For detailed information, students may connect with the admission desk of the university.
Step 3: Selected students need to pay ITM Skills University fees to secure their seats at the university.
Yes, NASM Mumbai provides internship and placement assistance to students. The below are the top companies in which the NASM Mumbai students are currently working:
Top recruiters | ||
|---|---|---|
Western India Football Association | Sports Authority of Andhra Pradesh | Sportz Interactive |
KOOH Sports | Oscar Foundation | Times of India |
Square of Sports | Rishi Narain Sports Marketing (RNSM) | Imperial International Sports Academy |
Red Wine Events | Meraki Sport & Entertainment Pvt Ltd | Mumbai City FC |
Big Tree Entertainment Pvt Ltd | Waveline Sports | United Sportz |
Sports 360 | IPL Mumbai Indians | Maharashtra State Lawn Tennis Association |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
To get admission in School of Pharmacy, Indira University, students have to meet the basic eligibility. Eligible students can apply for the desired course and go through the selection rounds. Selected students then have to pay the admission fees and report for document verification to complete admission.
Zell Education provides various distance courses via the Nimbus learning system. Students can opt for the flagship Association of Chartered Certified Accountants (ACCA) course that prepares them for a solid international CA career. The course is a certificate program, and students can enroll into the Zell Education ACCA programme by clearing their previous qualifying examination.
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.
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- Top MBA Colleges in Maharashtra 2026
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- MBA Colleges accepting CAT in India
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- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India