Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
858 Best MBA Colleges in Maharashtra
The best of 850+ MBA colleges in Maharashtra are located across Mumbai, Pune, and Nagpur. Among the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra in the NIRF rankings 2025. Mumbai's IIM Mumbai and IIT Bombay's Shailesh J. Mehta School of Management are the leading colleges for MBA in Mumbai. Pune has SIBM (Symbiosis Institute of Business Management) and Pune Institute of Business Management, and Nagpur has IIM Nagpur and IMT Nagpur in NIRF rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best. Below, you can find MBA institutes in the state which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also find some good government MBA colleges in Maharashtra, besides the two IIMs and one IIT, with relatively low fees and greater
The best of 850+ MBA colleges in Maharashtra are located across Mumbai, Pune, and Nagpur. Among the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra in the NIRF rankings 2025. Mumbai's IIM Mumbai and IIT Bombay's Shailesh J. Mehta School of Management are the leading colleges for MBA in Mumbai. Pune has SIBM (Symbiosis Institute of Business Management) and Pune Institute of Business Management, and Nagpur has IIM Nagpur and IMT Nagpur in NIRF rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best. Below, you can find MBA institutes in the state which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also find some 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 top colleges for MBA in Maharashtra are largely in Mumbai, Pune, and Nagpur when you refer to ranking surveys. Aurangabad (now renamed as Chhatrapati Sambhajinagar), Nashik, Amravati, Raigad, and Kolhapur also have good management colleges for MBA in Maharashtra with low tuition fees. The choices in the state are quite good to meet all types of budgets and career goals. See below.
| Parameters |
Details |
|---|---|
| Number of MBA Colleges in Maharashtra |
850+ |
| 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. Most of the top B schools in the state (in the 1 -100 tier) are concentrated in Mumbai. But in the 101-125 tier of NIRF 2025, the best of Maharashtra's MBA colleges are outside Mumbai. All of them 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 | 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 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
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
SCMHRD cutoff for the MBA course is based on SNAP scores. For the year 2024, the cutoff for the MBA programme stood at 94 percentile for the General AI category. Tabulated below is the 2024 cutoff for other MBA courses:
Course | SNAP percentile Cutoff 2024 |
|---|---|
MBA in Infrastructure Development and Management | 94 |
MBA in Business Analytics | 94 |
AGBS Mumbai provides significant programs in the Management realm to students. The institute is part of Amity's AGBS network and provides the 2 courses of GPBA+BBA and PGPM+MBA. These courses are designed with a global outlook. The placements at the institute provide students with excellent opportunities. The placement rate was recorded at 98% and the highest package at AGBS Mumbai stood at INR 23 LPA.
SIIB hosts many prominent MNCs every season across the Big Four, IT, Banking, and FMCG sectors during campus placements. Key recruiters include:
- Consulting & Tech: KPMG, Deloitte, Ernst & Young (EY), Capgemini, and Tata Consultancy Services (TCS).
- Logistics, Commerce & Supply: DHL, Amazon, and Mahindra Logistics.
The institute has not released the placement percentage. However, the salary details for the MBA in Operations Management and MBA (Agri-Operations Management) have been disclosed. Check the complete insights related to Symbiosis Institute of Operations Management placements 2023 from the table below:
| Particulars | MBA Operations Management Placement Statistics (2023) | MBA (Agri-Operations Management) Placement Statistics (2023) |
|---|---|---|
| the highest package | INR 30 LPA | - INR 6 LPA (domestic) - INR 8.66 LPA (international) |
| Average package | INR 14.50 LPA | - INR 4.38 LPA (domestic) - INR 8.56 LPA (international) |
| Median package | N/A | - INR 4.35 LPA (domestic) - INR 8.51 LPA (international) |
Candidates withdrawng before the start of the course get entire fee refunded after deduction of processing fees of not more than INR 1,000. Students who leave after joining the course at Aditya School of Business Management and if the vacant seat is filled by another student by the last date of admission, the institute refunds the fee after deduction of processing fees of INR 1,000 and proportionate deductions of monthly fees and hostel rent, where applicable.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Candidates seeking admission to MBA at Symbiosis Institute of Digital and Telecom Management Symbiosis International need to apply for the SNAP exam. MBA applicants must fill out the application form for SNAP through the official websites of Symbiosis National Aptitude Test (SNAP). The Application fee for this years has been increased to INR 1,000. For detailed step by step process for SNAP registration refer to the SNAP Shiksha page.
N. L. Dalmia offers two-year PGDM course equivalent to MBA course. The full-time PGDM course comprises six semesters (three semesters per year). PGDM at N. L. Dalmia is available scross various specialisations, namely Finance, Marketing, Human Resources and Business Analytics.These are approved by All India Council for Technical Education (AICTE), Ministry of HRD, Govt. of India. Admission to PGDM course is entrance-based. The Institute accepts national or state-level entrance exams such as CAT, XAT, GMAT, CMAT, MH-CET, MAT, ATMA for providing admission to PGDM course. Scholarships are provided to academically exceptional and meritorious students at N. L. Dalmia.
Yes, ISB&M provides multiple scholarships to meritorious students based on their performance in CAT and other management entrance exams.
- Score 80 percentile and above in CAT or XAT
- Score 85% and above in Class 10
- Score 85% and above in Class 12
- Achieve a CGPA of 70% and above in Graduation or equivalent
- Achieve a CGPA of 5 and above in the 1st Trimester of the PGDM program
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
SIES School of Business Studies PGDM programme offers specialisations in Marketing, Finance, Human Resources, Operations, Business Analytics, Pharmaceutical Management, and Biotechnology Management. Students can choose these as per their career choice.
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.
MAH MBA CET application fee is INR 1,500 for General category candidates and INR 1300 for Reserved category candidates. There is no fee relaxation for non-Maharashtra candidates. The MAH CET fee is to be paid at the time of application submission. The fee payment is to be done in online mode only through debit/credit card or net banking.
MBA/PGDM Applications open. Apply Now
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Effectiveness of Placement Cell for MBA/PGDM Courses at Universal AI University
Based on the feedback from students and alumni, here's a summary of the effectiveness of the placement cell:
* Good placement record: The university has a good placement record, with almost 95% of students getting placed every year. The average salary package offered is around INR6.5 Lacs to INR7.5 Lacs per annum, with some students receiving offers up to INR21 Lacs per annum.
* Regular campus placements: The placement cell conducts regular campus placements, with multiple companies visiting the campus every year. Some of the notable recruiters include LG, Upgrade, Reliance, Marico, HUL, Amazon, CBRE, HDFC, and Deloitte, among others.
* Active placement team: The placement team is actively involved in ensuring that students are placed in reputed companies. They work closely with companies to customize job profiles according to student interests and skill sets.
* Training and preparation: The university provides training and preparation sessions to help students prepare for interviews and assessments. This includes mock interviews, group discussions, and personality development workshops.
* Industry connections: The university has strong ties with the corporate world, providing students with opportunities for internships, mentorship programs, and guest lectures from industry experts.
* Constant improvement: The placement cell continuously evaluates and improves its processes to ensure better outcomes for students.
In conclusion, the placement cell at Universal AI University is effective in placing students in reputed companies, offering competitive salaries, and providing training and preparation for the industry.
Balaji Institute of International Business has recorded a placement rate of 100%. Candidates can refer to the table to know the highest package offered during BIIB placements 2022:
| Particulars | Statistics |
|---|---|
| Highest Package 2022 | INR 19.25 LPA |
| No of Offers recieved | 903 |
MBA is one of the popular courses of Amity Mumbai. After completing MBA from Amity University Mumbai, students will be open to multiple job opportunities. The final placement report is yet to be released for the batch passing out in 2023. However, the university has released the NIRF report 2023 on its official website. According to the NIRF report 2023, 198 MBA students were placed during Amity University Mumbai placements 2022. Further, the median package offered to MBA students during Amity Mumbai placements 2022 was INR 6.50 LPA. The top recruiters of Amity University Mumbai during the past years included HCL, Airtel, TCS, Infosys, Amazon, Deloitte, Wipro, etc.
Check other MBA Colleges in Mumbai
Yes, the Symbiosis Institute of Computer Studies and Research, Pune, provides an MBA course in Information Technology and Digital Transformation. The two-year full-time course is available at the PG level. Candidates interested may refer to the major highlights provided below for details:
| Particular | Highlights |
|---|---|
Duration | Two years |
Course Level | PG Degree |
Mode of Course | Full Time |
Total Semesters | Four semesters |
Selection criteria | Entrance-based |
Seat Intake | 90 |
Tuition Fees | INR 10.8 Lacs to INR 12.13 lakh |
NOTE: The mentioned fee and seat is taken from the official website/ sanctioning body. It is still subject to change and, hence, is indicative.
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2026
- Top Private MBA Colleges in India 2026
- Top IIMs in India 2026
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- MBA Colleges accepting CAT in India
- MBA Colleges accepting MAT in India
- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India
