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.

Does Maharashtra have any top college that offers after 12th MBA and what is the course fees?

Yes, the top MBA college in Maharashtra with an MBA after Class 12 is Shailesh J. Mehta School of Management of IIT Bombay . It has a B.Tech + MBA course of five years, which is very competitive with only 20 seats, and the entrances are JEE Main and JEE5 Advanced with high cutoffs.

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

821 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 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.

Table of Contents

Best MBA Colleges

Table of Contents

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
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 IIM Nagpur: INR 16 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

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 different top-ranking colleges in the state.

MBA Entrance Exams in Maharashtra	Entrance Exam Schedules
MAH MBA CET	MAH CET Schedule
CAT	CAT Schedule
MAT	MAT Schedule
XAT	XAT Schedule
CMAT	CMAT Schedule
ATMA	ATMA Schedule
SNAP	SNAP Schedule

Note: All info. is from the official sources 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
Symbiosis Institute of Business Management MBA Courses	INR 6.9 Lakh - INR 26+ Lakh
S.P. Jain Institute of Management and Research MBA Courses	INR 16 Lakh - INR 26+ Lakh
NMIMS Mumbai MBA Courses	INR 16 Lakh - INR 27 Lakh
K J Somaiya Institute of Management MBA Courses	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
Amity University Mumbai MBA Courses	INR 7.2 Lakh - INR 14.5 Lakh
ITM Business School MBA Course	INR 13.4 Lakh
MIT College of Management MBA Courses	INR 2.4 Lakh - INR 6.2 Lakh
Sri Balaji University MBA Courses	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.

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
IIM Mumbai MBA Courses	INR 25 Lakh
IIM Nagpur MBA Courses	INR 19 Lakh
IIT Bombay SJMSOM MBA	INR 10 Lakh - INR 14.9 Lakh
SPPU MBA Courses	INR 35,000 - INR 36 Lakh
Shivaji University MBA Courses	INR 50,700 - INR 2.4 Lakh
Dr. Babasaheb Ambedkar Marathwada University MBA Courses	INR 90,000 - INR 2.6 Lakh
Rashtrasant Tukadoji Maharaj Nagpur University MBA Courses	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
70 Best Nagpur Colleges for MBA	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

Aquib Rahman06-02-2026 16:27