What are the best government PGDM colleges accepting MAT scores in India?

There are only 2 Government Colleges in India that provide PGDM Courses and accept MAT Scores, others provide MBA, which is similar to PGDM. The colleges are - IIRM Hyderabad Administrative Staff College of India

Is it worth joining Online MBA colleges in India?

Joining Online MBA colleges in India can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package: College Names Total Tuition Fee Annual Average Package Great Lakes Institute of Management MBA INR 4 lakh INR 12 LPA IFHE Hyderabad MBA INR 2 lakh INR 8 LPA Birla Institute of Management Technology MBA INR 3 lakh INR 11 LPA Manipal University, Jaipur MBA INR 2 lakh INR 8 LPA Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

Is SIBM Pune worth for MBA?

Yes, Symbiosis Institute of Business Management is definitely a good option for pursuing an MBA degree.SIBM Pune is a constituent of Symbiosis International (Deemed University) which is accredited with A ++ Grade by NAAC. Symbiosis Institute of Business Management Pune was established in 1978 and is a member of EFMD & EFMD Global network. The institute has been ranked 13 under the Management category by the NIRF 2024.

Which is the No. 1 Online MBA college in India?

The best online MBA college would depend on various factors of learning and career growth. But, if you must choose by curricula and global employer appeal, IIM Ahmedabad has advanced blended online MBA programmes. It's also NIRF’s no. 1 management college in India, for the last two years. IIM Ahmedabad offers two online MBA programmes in blended mode. One is a general course, MBA- BPGP (Blended Post Graduate Programme in Management). The other one is the Blended MBA in Business Analytics & AI.

Is it necessary to do MBA to get a government job or PGDM is fine?

No, it is not necessary to have an MBA degree to get a job in managerial post in a Government organisation. A PGDM in a relevant specialisation can be equally eligible or suitable for a managerial role in a Government organisation also.

What are the affordable MBA colleges in Maharashtra?

It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc. Listed below are some of the affordable MBA colleges in Maharashtra that have tuition fees of less than INR 1 lakh: Low-cost Colleges Total Tuition Fee Welingkar Mumbai INR 94,000 Indira Institute of Management INR 30,000 Abasaheb Garware Institute of Management Studies INR 91,000 Punyashlok Ahilyadevi Holkar Solapur University INR 88,000 Dr. Babasaheb Ambedkar Marathwada University INR 20,000 - INR 90,000

What are the top government PGDM colleges in India?

Some of the popular Govt. PGDM Colleges are given in the table below: IIM Kozhikode IIM Shillong XLRI Jamshedpur MDI, Gurgaon MICA, Ahmedabad IIM Lucknow Great Lakes Institute of Management

Is it necessary to give entrance exams for admission to PGDM course?

Yes, it is very much necessary to take entrance exams for PGDM courses in India, If you want to take admission int reputable and top-tier B-schools then it is very crucial. While some institutions offer direct admission based on graduation merit, most colleges require valid scores from national-level tests like CAT, XAT, CMAT, NMAT, or MAT.

What are the affordable MBA colleges in Maharashtra?

It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc. Listed below are some of the affordable MBA colleges in Maharashtra that have tuition fees of less than INR 1 lakh: Low-cost Colleges Total Tuition Fee Welingkar Mumbai INR 94,000 Indira Institute of Management INR 30,000 Abasaheb Garware Institute of Management Studies INR 91,000 Punyashlok Ahilyadevi Holkar Solapur University INR 88,000 Dr. Babasaheb Ambedkar Marathwada University INR 20,000 - INR 90,000

Which college is best for MBA direct admission in Maharashtra?

These are some popular and well-rated MBA colleges in Maharashtra that have direct admissions. Whistling Woods International Indian Institute of Digital Education MKES Institute of Management Studies & Research Note: All info. is from official sources and can change.

Is it beneficial doing an MBA from MBA colleges in Maharashtra?

MBA colleges in Maharashtra are among the best in the country, as the best ones can match up to the fees and more. Before choosing your management education at any part of this state, you must ideally look at the tuition fee and the average packages the graduates get. Check this table for reference. College Name Total Tuition Fee Annual Average Package NMIMS School of Business Management MBA INR 8 lakh – INR 24 lakh INR 7 LPA - INR 19 LPA SIBM Pune MBA INR 24 lakh INR 24 LPA IIM Mumbai (formerly known as NITIE) MBA INR 14 lakh INR 21 LPA – INR 31 LPA SPJIMR MBA INR 15 lakh – INR 24 lakh INR 3 LPA – INR 32 LPA NMIMS Mumbai MBA INR 10 lakh INR 19 LPA Hope this information proves beneficial for you!!

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:

180+ Best MBA Colleges in the Mumbai Metropolitan Region

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

For city-wise breakup for the best MBA colleges in Maharashtra, refer:

180+ Best MBA Colleges in the Mumbai Metropolitan Region

Table of Contents

Best MBA Colleges in Maharashtra: An Overview
Upcoming Entrances and Syllabus for MBA in Maharashtra in 2026
7 Best Government MBA Colleges in Maharashtra: Courses, Fees, and ROI
5 Best Private MBA Colleges in Maharashtra: Admissions, Fees, and ROI
Compare the Best MBA Colleges in Maharashtra

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)	IIM Mumbai IIT Bombay SIBM Pune S.P. Jain Institute of Management and Research K J Somaiya Institute of Management IMT Nagpur
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 IIM Nagpur: INR 16 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
MAH CET Schedule	MAH CET Syllabus
MAT Schedule	MAT Syllabus
XAT Schedule	XAT Syllabus
CMAT Schedule	CMAT Syllabus
ATMA Schedule	ATMA 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)
IIM Mumbai MBA and Other Courses	INR 14+ Lakh	Median of 25 LPA
IIM Nagpur MBA and Other Courses	INR 1.4 to 19 Lakh	Median of 16 to 18 LPA
IIT Bombay MBA and Other Courses	INR 14.9 Lakh	Median of 25 LPA
SPPU MBA Courses in Pune B Schools	~ INR 1.3 to 7 Lakh	INR 2 LPA to 7 LPA
Shivaji University MBA Courses in Kolhapur	~ INR 50.7K to 2.4 Lakh	INR 1.4 LPA to 3.8 LPA
Dr. Babasaheb Ambedkar Marathwada University MBA Courses	~ 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)
Symbiosis Institute of Business Management Admission	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
NMIMS Mumbai Admission	INR 10 Lakh - 27 Lakh	INR 8 - 13 LPA
K J Somaiya Institute of Management Admission	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

Aquib Rahman03-25-2026 20:20

City Premier College

NagpurPvt

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

– / –

U.D. Pathrikar Institute of Management

Aurangabad

Courses Offered

1 Course

Exams Accepted

MAH CET

Total Tuition Fees

₹1.67 L

Median Salary

– / –

Dr. G.D. Pol Foundation’s YMT College of Management

Navi MumbaiPvt

Courses Offered

1 Course

3.9

Exams Accepted

Total Tuition Fees

₹3 L

Placement Rating

3.4

Sipna College of Engineering and Technology

AmravatiPvt

Courses Offered

1 Course

3.9

Exams Accepted

Total Tuition Fees

₹1.57 L

Placement Rating

3.5

K. C. E. Society's College of Engineering and Information Technology

JalgaonPvt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹1.08 L

Median Salary

– / –

Commonly asked questions
On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking

Q: Who are the top recruiters of City Premier College, Nagpur graduates?

City Premier College Nagpur placements 2024 will be updated here once out. City Premier College Nagpur offers placement assistance to students. City Premier College Nagpur is visited by top companies for placements such as Amazon, Wipro, TCS, and others.

Q: Is Dr. G.D. Pol Foundation's YMT College of Management a good college/Institute?

Dr. G.D. Pol Foundation's YMT College of Management is a reputed institute for MCA, MBA/PGDM. Students can opt these programs to pursue their career in IT & Software, Business & Management Studies. Institute has trained & experienced faculty who deliver these programs. Dr. G.D. Pol Foundation's YMT College of Management has a review rating of 3.9 on the basis of reviews by students. In addition to this, it has been rated 4.1 on campuslife, 3.4 on placements, 4 on faculty and 4.3 on Infrastructure.

Q: Does Sipna College of Engineering and Technology provide good placement facilities?

Sipna College of Engineering and Technology has received an impressive review rating of 3.56 on Placements based on 49 feedback of verified Shiksha students.

Q: What courses are available at K. C. E. Society's College of Engineering and Information Technology?

K. C. E. Society's College of Engineering and Information Technology has courses such as MBA/PGDM, B.Tech which are primarily in the stream of Business & Management Studies, Engineering. K. C. E. Society's College of Engineering and Information Technology has specializations such as B.Tech specializations in Computer Science Engineering, Mechanical Engineering, Electrical Engineering, Electronics Engineering.

Terna Engineering College

Navi MumbaiPvt

Courses Offered

5 Courses

Exams Accepted

Total Tuition Fees

₹4.4 L

Median Salary

– / –

Samarth Group of Institutions

Maharashtra - OtherPvt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹1.52 L

Median Salary

– / –

CP and Berar Arts Commerce College

NagpurPPP

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹97.35 K

Median Salary

– / –

Natwarlal Maniklal Dalal Postgraduate College of Arts and Commerce (N.M.D College)

Maharashtra - OtherPvt

Courses Offered

1 Course

3.3

Exams Accepted

Total Tuition Fees

₹1.04 L

Placement Rating

1.5

Dr. Panjabrao Deshmukh Institute of Management Technology and Research

Nagpur

Courses Offered

1 Course

4.5

Exams Accepted

Total Tuition Fees

₹1.05 L

Placement Rating

4.1

Commonly asked questions
On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking

Q: How are the Terna Engineering College placements?

Terna Engineering College has had excellent placements to its students since the very beginning. Annually, leading companies take part in placing graduating PGDM students. For more information on placement packages and recruiters for the Terna Engineering College placement in 2022-2024, refer to the table below:

Particulars	Placement Statistics (2022)	Placement Statistics (2023)	Placement Statistics (2024)
the highest Package	INR 20 LPA	INR 13.5 LPA	INR 7.5 LPA
Students Placed	387	332	258
Top Recruiters	TCS, Capgemini, Wipro etc.	TCS, LTI, Jio, etc.	Accenture, Hexaware, Deloitte, etc.

Q: What is the scope of MBA?

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.

Q: Which courses are available at Natwarlal Maniklal Dalal Postgraduate College of Arts and Commerce (N.M.D College) for students?

Courses offered by Natwarlal Maniklal Dalal Postgraduate College of Arts and Commerce (N.M.D College) are MBA/PGDM, B.A. LL.B.. These courses are in the stream of Business & Management Studies, Law.

Q: How can I get into Dr. Panjabrao Deshmukh Institute of Management Technology and Research for UG/PG courses? Am I eligible for admission?

Dr. Panjabrao Deshmukh Institute of Management Technology and Research has below criteria for taking admissions to it's various courses:

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.

Most preferred locations for MBA/PGDM

Maharashtra - Other (39)

Nagindas Khandwala College

Mumbai

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

– / –

DSRF Institute of Computer Science and Management Studies(DSRF)

PunePvt

Courses Offered

4 Courses

3.4

Exams Accepted

– / –

Total Tuition Fees

₹30 K - 78.6 K

Placement Rating

3.5

Pratap College

JalgaonPPP

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

₹28.41 K

Median Salary

– / –

Maulana Azad Educational Trust's Millennium Institute of Management

Aurangabad

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹1 L

Median Salary

– / –

ICRI - Nanavati Hospital, Mumbai

Mumbai

Courses Offered

3 Courses

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

– / –

Commonly asked questions
On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking

Q: What is Nagindas Khandwala College cutoff?

Nagindas Khandwala College cutoff 2025 has been released for admission to the BA, BSc and BCom courses at the undergraduate level. During the first merit list, the cutoff percentages varied between 41 and 85.17 for the students belonging to the General AI quota. Among all the courses, the highest cutoff percentage was for B.Com. in Financial Markets, followed by B.Com. Accounting and Finance and B.Sc. in psychology. Detailed cutoff information for all the courses and specialisations offered at Nagindas Khandwala College is tabulated below for the general category students in the AI quota:

Course	Round 1 Cutoff 2025
Bachelor of Commerce (B.Com.)	41
B.Com. in E-Commerce	41.33
B. Sc.(Hons) Computer Science in Artificial Intelligence & Machine Learning	42.33
B.Sc. (Hons) Computer Science in Cloud Technology and Information Security	42.33
B.A. (Hons.) in Apparel Design and Construction (Fashion Designing)	43
B.A. in Geography	44.17
B.A. in Economics	44.17
B.A. in Psychology	44.17
B.Com. in Banking and Insurance	47.67
B.Sc. in GeoInformatics	47.67
Bachelor of Arts in Mass Media and Communication (BAMMC)	49
B.Com. (Hons) in International Accounting	49.5
B.Sc. in Computer Science	51
B.Sc. in Information Technology	51
Bachelor of Tourism and Travel Management	60
B.Sc. (Hons.) in Integrative Nutrition and Dietetics	60
B.Com. in Business Administration (Entrepreneurship)	60
B.Com. in Business Administration	60.46
B.Com. in Marketing Management	64.03
B.Sc. in Interior Design	64.5
BMS in Sports Management	65
B.Com. in Business Administration (Professional Accountancy & Financial Management)	75.8
B.Sc. in psychology	77.17
B.Com. Accounting and Finance	85
B.Com. in Financial Markets	85.17

Q: What is the eligibility to get admission in Pratap College for UG/PG courses?

Pratap College has below criteria for taking admissions to it's various courses:

Courses	Eligibility
BBA	Candidates completed 10+2 from any recognised board are eligible to apply. Candidates completed Diploma in Engineering and Pharmacy from Maharashtra Technical Board are also eligible to apply. Candidates completed M.C.V.C. course from Maharashtra State Education Board are also eligible to apply.

Q: What specialisation does ICRI - Nanavati Hospital, Mumbai offer in their courses?

ICRI - Nanavati Hospital, Mumbai offers Diploma courses including 3 PG courses. These programs are offerred in Full Time and Part Time mode. ICRI - Nanavati Hospital, Mumbai has specializations such as PG Diploma specializations in Clinical Research, Pharmacology.

Choose from the Top Specializations

Finance (277)

Sales & Marketing (256)

Human Resources (245)

Operations (181)

IT & Systems (125)

Business Analytics (123)

Supply Chain (117)

International Business (104)

Agriculture & Food Business (81)

HealthCare & Hospital (58)

KT Patil College of Engineering and Technology, Osmanabad

Maharashtra - OtherPvt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹66.06 K

Median Salary

– / –

Marathwada Institute of Management and Research

Aurangabad

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹1.25 L

Median Salary

– / –

Dr. R. G. Bhoyar Group of Institutions

WardhaPPP

Courses Offered

1 Course

Exams Accepted

MAH CET

Total Tuition Fees

₹1.72 L

Median Salary

– / –

Ajeenkya DY Patil University Seamedu

PunePvt

Courses Offered

5 Courses

Exams Accepted

Total Tuition Fees

₹7.5 L - 9 L

Median Salary

– / –

KES Shroff College of Arts and Commerce

Mumbai

Courses Offered

2 Courses

Exams Accepted

MAH CET

Total Tuition Fees

– / –

Median Salary

– / –

Commonly asked questions
On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking

Q: What is the scope of MBA?

Some job profiles are listed here:

Brand Manager
Account Manager
International Business Manager
Marketing Executive
Business Technical Consultant

All the best.

Q: How can I secure a seat in the MBA programme at Ajeenkya DY Patil University Seamedu?

To get a seat in the MBA programme at Ajeenkya DY Patil University Seamedu, candidates must apply online and qualify with a valid entrance exam score (CAT, XAT, MAT, CMAT, MAH CET, etc.). Shortlisted applicants are then evaluated through the STAC Interview. Admission is offered based on performance and seat availability.

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