Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
819 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
Yes, MBA is available at SCMHRD. This course is spread across four semesters. Aspirants who have passed a bachelor's degree in a relevant discipline with at least 50% aggregate can apply for the course. Other than the general MBA, the institute also offers the following MBA courses:
- MBA in Business Analytics
- MBA in Infrastructure Development and Management
Both SIIB Pune and SCMHRD Pune offer MBA programs with different specializations. In terms of ranking and brand value, SIBM Pune is better than SCMHRD Pune. SIBM Pune is ranked 7th and SCMHRD Pune is ranked 8th for MBA by India Today 2021. However, the choice between the two should be based on the course one is planning to pursue. If one is planning to pursue MBA Business Analytics, MBA HR, or MBA Infrastructure Management, then SCMHRD is a better option. For Marketing specialization, both of these two are decent options. SIBM Pune offers MBA at postgraduate level in four specializations including MBA, Executive MBA, and MDP programs whereas SCMHRD offers postgraduate programs in MBA with specializations as MBA (Business Analytics), MBA (Infrastructure Development & Management), and MBA (Executive).
ITM Navi Mumbai is a part of the ITM Group of Institutions and was established in 1991. ITM Business School offers the AIU and UGC-approved MBA programmes from ITM Skills University. To get admission to this approved college, candidates must have valid scores in entrance tests such as MAT, XAT, CAT, NMAT, CMAT, ATMA, and others. If applying through CAT, candidates must prepare according to the CAT syllabus and must give as many mock tests as possible.
Candidates after final selection need to pay admission fee amount for seat confirmation. As per officials, the total academic fee for the operations management course is INR 17.42 lakh and INR 10 lakh for the operations agri-management course. In addition, a deposit of INR 20,000 also has to be paid, which is refunded after the course completion. This fee amount is further calculated as per the officials' annual fees. Hence, is indicative.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
As per the latest report, ISBM Pune recorded an average package of INR 11.40 LPA for its PGDM batch in the academic year 2023-2024. The key highlights of ISBM Pune placements for the MBA Class of 2024 are tabulated below:
Particulars | PGDM Placement Statistics (2024) |
|---|---|
Average package | INR 11.40 LPA |
the highest package | INR 20.56 LPA |
Package offered by the top 50% of companies | INR 10 LPA to INR 12 LPA |
Package offered by the top 15% of companies | INR 8 LPA to INR 10 LPA |
Package offered by top 5% of companies | INR 20 LPA and above |
Package offered by top 11% of companies | INR 15 LPA to INR 20 LPA |
Package offered by top 19% of companies | INR 12 LPA to INR 15 LPA |
Popular recruiters | Warner Music Group, Optum, Fashion TV, Trident Group India |
Candidates need to pass a bachelor's degree with at least 50% aggregate to apply for N. L. Dalmia PGDM programme. Final-year students may also apply but they must graduate before securing admission. Aspirants must hold the documents proving their eligibility for verification at the time of admission.
Symbiosis Centre For Information Technology (SCIT) is known to conduct campus placements for its students. SCIT is a reputable business school that offers specialised programs in information technology and related management fields. They usually have tie-ups with various companies and organizations to facilitate campus recruitment drives, where companies come to the campus to hire students for internships, full-time positions, and other roles.
The institution directly to get information regarding its current campus recruitment practices and participating companies.
The top recruiters for the VAMNICOM placements are given below:
VAMNICOM Top Recruiters | ||
|---|---|---|
Amul | HDFC | IDBI Bank |
ICICI Bank | Reliance | Big Basket |
Federal Bank | Induslnd Bank | IFFCO |
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.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
To get admission to BIMHRD Pune MBA course, candidates have to fulfil the minimum eligibility criteria. Those who passed graduation with minimum 50% aggregate are eligible to apply for the course. Futher, the institute accepts various state/ national-level entrance exams such as CAT/ MAT/ CMAT/ XAT/ MH CET. Candidates need to qualify for any one of the entrance exam with a valid score. The final selection is done through Group Discussion and Personal Interview round conducted at the institute.
Other than this, students can also appear for Sri Balaji Entrance Screening Test (SBEST) to get exempted from the other entrance exams or to improve the scores of the above-mentioned exams. Students have to pay an additional charge of INR 490 for the exam registration.
MBA stands for Master of Business Administration.GNIMS stands for Guru Nanak Institute of Management Studies.
Is MBA at DY Patil University School of Management better than GNIMS Business School? it depends on various factors, such as your preferences, goals, interests, and expectations. Both DY Patil University School of Management and GNIMS Business School are reputed management institutions in Mumbai. In 2022 DY Patil University School of Management ranked 198 out of 281 and GNIMS Business School ranked 198 out of 281 this means that both institutions have similar rankings and reputations. The package offered by DY Patil University School of Management is 6-20LPA, while GNIMS Business School is 4-6LPA. This means that DY Patil University School of Management has a higher placement record and salary range than GNIMS Business School.
The students who wants to pursue MBA from Symbiosis Pune should have scored atleast 50 percent at undergraduate degree level and also must appear in the SNAP (Symbiosis National Aptitude Test) for seeking admission in Symbiosis Institute of Business Management.
The first step a candidate should do for getting admission in SIBM for MBA is to register themselves. After that they had to fill the payment for the form they filled during the registration process, after that they had to appear in the SNAP exam and should score above 90 percent on general category and 50 to 56 percent in case of Scheduled Tribes and Scheduled Castes.
If one has attained the marks as per the institutes cutt off he /she will get admission in SIBM 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.
The top recruiters for the Amity Global Business School Mumbai placements are given below:
Amity Global Business School Mumbai Top Recruiters | ||
|---|---|---|
Asian Paints | KPMG | HCL |
Flipkart | Amazon | Reliance |
Deloitte | IBM | Axis Bank |
TCS | ITC | Wipro |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Vivekanand Business School accepts the scores of various national/state-level entrance exams for admitting students to its PGDM course. The institute has specified the VBS PGDM cut-off required for admission through various accepted entrance exams. ATMA and MHCET scores are considered for shortlisting. A list of the same has been presented below:
- CAT: 75 Percentile
- XAT: 70 Percentile
- CMAT: 75 Percentile
- MAT: 85 Percentile
XAT 2026 registration process began from July 10, 2025. Official announcement of commencement of XAT registration process 2026 has been made by XLRI at its website. Interested candidates have to register for XAT 2026 by creating a login ID at xatonline.in website. The XAT application fee will be INR 2200. Candidates will have to pay the fee to submit the XAT application form.
IES MCRC offers a PGDM course specialising in Pharmaceutical Management, namely PGDM-PM. The duration of this course is two years. This duration consists of six terms, of which three are in the first year and three in the second year. Moreover, on completion of the first year, the student has to undertake the Summer Internship Project.
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