Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
823 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 the 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 the 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
- MBA Colleges in Maharashtra with Low Fees
- 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. For 2026, it is yet to be published by NIRF.
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 the 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 official sites 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.
MBA Colleges in Maharashtra with Low Fees
Maharashtra hosts 25+ private MBA colleges with low fees. See table below.
| Maharashtra MBA College Placements | Tuition Fees |
|---|---|
| Dhanwate National College MBA | INR 19,690 |
| Rajendra Mane College of Engineering and Technology MBA | INR 66,666 |
|
|
INR 80,180 |
| INR 82,610 | |
| INR 83,000 |
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
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The highest salary package offered in Symbiosis Institute of Business Management is 26 Lacs per annum, and the average salary package offered here is between 8 Lacs per annum - 9 Lacs per annum.
Whereas, the highest salary package offered in Nagpur Institute of Technology is 4.5 Lacs per annum. The average salary package offered is 3.5 Lacs per annum.
So as per this data, I think Symbiosis Institute of Business Management is a better and right choice since it offers the highest number of packages for MBA.
According to the comparison of B-Schools, these both colleges are good in their prospectus.
SSBF Pune - In 2023, the highest salary package offerrd was 19.59 LPA and average package offered was 10.56 LPA.
SIBM Hyderabad - In 2023, the highest package offered was 15 LPA and average package offered was 8.90 LPA.
The Universal AI University MBA programme has the following admission criteria:
Any candidate with 50% in their bachelor's degree from a recognised University is eligible for admission. The reserved category candidates may require at least 45% of the marks. Notably, CAT, XAT, MAT and GMAT (with a score of 500 or above), or its own test is compulsory, and the percentile standard range of the minimum cut-off is set at roughly 70- 75.
Yes, you can join Amity Global Business School Mumbai for an MBA program without taking the CAT exam. To get admission to Amity Global Business School for an MBA, the candidate must have at least 50% marks in graduation in any stream from any recognized university/institute. You will have to appear for the MAH CET exam.
Vivekanand Business School have separate boys and girls hostels. For the AC rooms, candidates have to pay a fee of INR 2.55 lakh. This fee amount is subject to policy. It may get revised in any academic session. Candidates should note that the fee is as per official sources. Hence, is indicative.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
A list of documents required to gain admission at IIEBM Pune for a PGDM is available on the official IIEBM website. The same has been presented below:
- Completed IIEBM application form
- Student photo
- Competitive Exam Score Card
- Certificate and Mark Sheet of qualifying examination passed
- Work Experience Certificate (If any)
Aditya School of Business Management offers AICTE approved two-years PGDM programme. The school offers PGDM +, PGDM Business Analytics and PGDM Artificial Intelligence & Data Science. Admission to PGDM courses is entrance-based.
PIBM Pune is the best choice. PIBM trains you on practical approaches like a dual internship, live projects, simulation-based classes, field projects, etc. It is NAAC Accredited college and ranked under top 100 colleges in India by NIRF. The PIBM focuses more in giving practical exposures and provide you a platform where you can learn under corporate leaders by conducting regular corporate sessions & events. For placement in top companies like Amazon, Deloitte, Reliance, Upgrad, etc. visit PIBM campus every year. The highest package offered is 17 LPA and the average package is 6.5 LPA.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, at present, Sasmira's Institute of Management Studies and Research is accepting applications for the MBA for the academic year 2025. Those who are seeking admission to Charotar University of Science and Technology should ensure they fill out the application form before the given deadline. Also, the admission process usually starts with the publication of the application form.
MIT-WPU offers good annual placements for various courses like B.Tech, MCA, B.Des and M.Sc, etc. As per the latest report, the highest package offered during MIT-WPU placements 2023 stood at INR 51.36 LPA. Further, the highest packages offered to the B.Tech and B.Des batches 2023 stood at INR 44.14 LPA and INR 20 LPA, respectively. The key highlights of MIT-WPU placements 2023 are tabulated below:
Particulars | Placement Statistics (2023) |
|---|---|
Highest package | MSc: INR 51.36 LPA BTech (IT): INR 44.14 LPA MTech: INR 24 LPA BDes: INR 20 LPA |
Average package | INR 7 LPA |
Average package for top 100 placements | INR 16.3 LPA |
The course-wise average package offered during SBM NMIMS MBA placements 2024 and 2023 are presented below:
Course | Average Package |
|---|---|
MBA | INR 25.13 LPA (2024) |
MBA HR | INR 18.64 LPA (2024) |
MBA Pharmaceutical Management | INR 10.4 LPA (2024) |
MBA Digital Transformation | INR 15.9 LPA (2023) |
MBA Business Analytics | INR 17.85 LPA (2023) |
No, PERA CET is not compulsory for admission to the MBA course at MIT College of Management. Because the college also accepts the relevant scores of CAT/ MAT/ MBA CET/ ATMA. Therefore, candidates can get admission to the MBA course with the relevant scores of the PERA CET. However, it is not compulsory. Thus, securing a relevant score in any of the entrance exams, a candidate will be considered eligible for admission.
Navi MumbaiPvtCommonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The annual fee of MBA-Pharmaceuticals is INR 9 lakh. So the total fee of this programme is INR 18 lakh. So, MBA Pharmaceuticals has the lowest fee of all MBA programs in NMIMS.
To get admissions into the PUMBA EMBA courses, candidates must clear any undergraduate course with a minimum aggregate of 50%. Aside from completing a UG-level course, candidates need to also possess a work experience of three years to be eligibility for EMBA at PUMBA.
There are no mandatory entrance exams for admissions to EMBA courses offered by PUMBA. Hence, candidates can go to the website of PUMBA and fill the EMBA application form toget admission.
RIIM Pune offers a full-time postgraduate diploma in management. The PGDM course is offered to students who fulfil the admission criteria of the course. The basic eligibility is to pass graduation from a recognised university. Furthermore, admissions are entirely entrance-based. Hence, students must appear for the respective exam to be considered for admission. RIIM Pune accepts various national-level management exams, including MAT. However, those with a valid score in any other accepted exam can also apply. Hence, you can certainly get into the PGDM course offered at RIIM Pune without MAT, given you provide any other exam score.
Yes, there is scholarships for the MBA course at ITM Business School Navi Mumbai. The scholarship comprises a wide range of scholarships up to 100%. This scholarship is available for all MBA applicants. The basic criteria for application are mentioned below:
- The student must attend and clear the ITM Scholarship Entrance Test and CAPI (Case Analysis & Personal Interview) rounds
- A student who has completed the first and second year of graduation with an overall of 60%
- Any postgraduate or graduate who has an overall 60% in 10th, 12th, and graduation
No, candidates interested in SIU Pune MBA course are not required to have a business degree to apply for admissions. Candidates who have cleared an undergraduate course with a minimum aggregate of 50% in any field are eligible to apply for MBA admissions. The SNAP entrance exam scores will be taken into account to shortlist candidates for SIU MBA admissions.
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- MBA Colleges accepting CAT in India
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- MBA Colleges accepting SNAP in India
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