How many colleges for MBA in Maharashtra?

There are about 700+ best MBA colleges in Maharashtra. Among these, 473 colleges are privately owned, 37 colleges are owned by public/government organisations and public-private entities own 20 MBA colleges. CAT, CMAT, MAH CET, MAT, XAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Maharashtra. NMIMS School of Business Management, Symbiosis Institute of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, etc. are some of the popular MBA colleges in Maharashtra.

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

Joining MBA colleges in Maharashtra 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 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!!

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 colleges in Maharashtra that offer Online MBA?

There are about 70 top Online MBA colleges in Maharashtra. Some of them are mentioned below along with their tuition fees: Online MBA Colleges Tuition Fee SPJIMR Mumbai INR 10 lakh Welingkar Mumbai INR 61,000 - INR 1 lakh Pune Institute of Business Management INR 3 lakh National Insurance Academy- NIA INR 11 lakh Amity University Online INR 2 Lacs - INR 3 lakh

What are the various entrance exams accepted by top MBA colleges in Maharashtra?

The different admission tests that leading MBA colleges in Maharashtra accept are listed here, along with a cutoff prediction and the number of universities that accept each exam: Exams Number of Colleges Cut off Predictor MAH CET 621 MAH CET Predictor CAT 424 CAT Predictor CMAT 406 CMAT Predictor XAT 390 XAT Predictor MAT 390 MAT Predictor ATMA 364 ATMA Predictor

What are the various Distance MBA colleges in Maharashtra?

The table below shows the distance MBA colleges in Maharashtra along with their total tuition costs: Distance MBA Colleges Total Tuition Fee Symbiosis Centre for Distance Learning INR 50,000 Institute of Distance and Open Learning, University of Mumbai INR 19,000 - INR 1 lakh IIBMS INR 41,000 - INR 51,000 Yashwantrao Chavan Maharashtra Open University INR 33,000 MIT School of Distance Education, MAEER INR 65,000 - INR 9 lakh

How can I prepare for MAH MBA CET?

MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required. Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.

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.

Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking

797 Best MBA Colleges in Maharashtra

Close to 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, 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 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

For city-wise breakup, refer:

180+ Best MBA Colleges in the Mumbai Metropolitan Region

Table of Contents

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

Best Colleges in Maharashtra for MBA: 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. They have varying fees, and not necessarily each one of them will be equal in terms of the outcome that meets your goals. Check this table for fee ranges, placements, rank, and popularity.

Parameters	Details
Number of MBA Colleges in Maharashtra	798
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 IIMs have high entry cutoffs and take in candidates only from CAT exam. 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.

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

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.

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

Private MBA Colleges in Maharashtra: 2026 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