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
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Best MBA Colleges in Maharashtra
NagpurPvt
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
| Courses | Eligibility |
|---|---|
| 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 recognised by UGC or AIU. |
| 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. |
| Courses | Eligibility |
|---|---|
| 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 recognised by UGC or AIU. |
| 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
Mulshi Institute of Business Management has been ranked by various well known ranking bodies such as Times, and many others. The Insitute is known to be ranked based on various parameters such as quality of education, research work, placement, etc. Mulshi Institute of Business Management was ranked 92 among the Times Ranked Colleges in Pune for MBA category. MIBM Pune is a member of USBES, CII and IAO and is approved by AICTE and accredited with the Mahratta Chamber of Commerce, Industries & Agriculture (MCCIA).
MumbaiPvtCommonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
A minimum of 50% overall upon graduation from an accredited university. qualifying results for CMAT, MAT, ATMA, PERA CET, CUET, CAT, XAT, GMAT*, and NMAT (only the first attempt will be taken into account).Candidates must take competitive entrance tests like the CAT, XAT, CMAT, GMAT, or NMAT in order to be considered for admission to the K J Somaiya MBA program. A rigorous selection procedure consisting of a Group Discussion (GD) and Personal Interview (PI)
SVIMS Mumbai fee varies course-wise. Candidates need to pay course fee at the time of admission to confirm their seat in the institute. Below is the fee for SVIMS courses:
| Course | Fee |
|---|---|
| MMS | INR 3.5 lakh |
Navi MumbaiCommonly 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.
Navi MumbaiPvt
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
No, MAH-CET is not a mandatory entrance exam for MET CITRD PGP admissions. Candidates can appear for any one of MAT, XAT, CAT, CMAT and ATMA to qualify for MET CITRD PGP admissions as well.
However, appearing for any one of the aforementioned entrance exam is mandatory to qualify for MET CITRD admissions.
There are a lot of scholarships available from Delhi Pharmaceutical Sciences and Research University (DPSRU) for a variety of programmes, including the MBA in Pharmaceutical Management, however there may only be a few. a variety of state government scholarships, as well as post-matric, merit-cum-means, and central sector scholarship programmes.
For updates on available scholarships or to use the official DPSRU scholarship portal, visit their website. To learn more about the many government scholarships available at different universities, register on the Central Scholarship Portal. For information on applicable programmes and application processes, go to the official websites of the scholarship division of your state government.
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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
