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

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

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 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. 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	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 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
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. 

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
YRES's Bapurao Deshmukh College of Engineering MBA	INR 80,180
Rajarambapu Institute of Technology MBA Courses	INR 82,610
Shri Gulabrao Deokar College of Engineering MBA	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
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 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 Rahman09-08-2026 19:15