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
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.
IIEBM Pune hostel charges are INR 3.4 lakh. Candidates taking the accommodation facility have to pay this fee amount. It is within the rights of the institute to revise its fee structure. The given fee is as per the official website/ sanctioning body. It is still subject to changes and hence, is indicative.
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.
MIT-WPU offers good annual placements for various courses like B.Tech, MCA, B.Des and M.Sc, etc. As per the latest report, the highest package offered during MIT-WPU placements 2023 stood at INR 51.36 LPA. Further, the highest packages offered to the B.Tech and B.Des batches 2023 stood at INR 44.14 LPA and INR 20 LPA, respectively. The key highlights of MIT-WPU placements 2023 are tabulated below:
Particulars | Placement Statistics (2023) |
|---|---|
Highest package | MSc: INR 51.36 LPA BTech (IT): INR 44.14 LPA MTech: INR 24 LPA BDes: INR 20 LPA |
Average package | INR 7 LPA |
Average package for top 100 placements | INR 16.3 LPA |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
PIBM Pune is the best choice. PIBM trains you on practical approaches like a dual internship, live projects, simulation-based classes, field projects, etc. It is NAAC Accredited college and ranked under top 100 colleges in India by NIRF. The PIBM focuses more in giving practical exposures and provide you a platform where you can learn under corporate leaders by conducting regular corporate sessions & events. For placement in top companies like Amazon, Deloitte, Reliance, Upgrad, etc. visit PIBM campus every year. The highest package offered is 17 LPA and the average package is 6.5 LPA.
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.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Hi.Universal AI University admissions are offered based on entrance exam scores. The college considers Class 12 with at least 65% marks for admission in UG courses. Whereas, undergraduate degree scores are considered for admission in postgraduate courses.
Universal AI University accepts CAT/CMAT/GMAT/NMAT/CET entrance exam scores to provide admission to PGDM and MBA programme.
Universal Ai University, Karjat UG admission into B.Des, BBA, BA (Hons) is done based on the UBSAT test followed by an interview process
Thanks
.
No, candidates interested in SIU Pune MBA course are not required to have a business degree to apply for admissions. Candidates who have cleared an undergraduate course with a minimum aggregate of 50% in any field are eligible to apply for MBA admissions. The SNAP entrance exam scores will be taken into account to shortlist candidates for SIU MBA admissions.
Once the selection process for PUMBA MBA is completed, selected students must pay the first installment of the tuition fees. As per official sources, the total tuition fee to pursue an MBA at PUMBA ranges from INR 1.3 Lacs to INR 1.5 lakh.
Note: The above-mentioned fee is as per the official sources. However, it is indicative and subject to change.
No, PERA CET is not compulsory for admission to the MBA course at MIT College of Management. Because the college also accepts the relevant scores of CAT/ MAT/ MBA CET/ ATMA. Therefore, candidates can get admission to the MBA course with the relevant scores of the PERA CET. However, it is not compulsory. Thus, securing a relevant score in any of the entrance exams, a candidate will be considered eligible for admission.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
It is compulsory for the NMIMS MBA students to spend 6-8 weeks on a summer project between the first and the second year of the NMIMS MBA. A viva is conducted at the end of the internship by the faculty mentor. It is mandatory to clear the viva for progressing to the second year.
Yes, if a candidate has secured the 55 percentile in the CAT exam, they are eligible to get a scholarship. The institute offers scholarships on the basis of performance in national-level entrance exams, and the CAT is one of those. Check out the concession on tuition fees provided by the university to the candidates who have achieved 50 or more than 50 percentile in the CAT exam:
| Eligibility Criteria | Scholarships Benefits |
|---|---|
| Scores above 70% in CAT | INR 1 lakh |
| Scores above 50% in CAT | INR 50,000 |
MAT is conducted multiple times in a year. MAT 2024 exam dates were announced phase wise - February, May, August and December. Candidates were allowed to register for multiple mode and multiple attempts. The MAT exam dates 2024 are given below:
MAT Test Mode | MAT Test Date | MAT Registration Ends | Availability of MAT Admit Card |
|---|---|---|---|
CBT - 1 | 7-Dec-24 | 30-Nov-24 | 3-Dec-24 |
PBT | 14-Dec-24 | 7-Dec-24 | 10-Dec-24 |
CBT - 2 | 22-Dec-24 | 15-Dec-24 | 18-Dec-24 |
As per the available information, admission to the MBA programme of DY Patil Institute of MCA and Management is entrance-based. The MBA seats at the institute are allocated to applicants through the Centralised Admission Process (CAP) conducted by the Maharashtra CET cell. CAP is based on the applicants' MAH MBA CET/CAT/XAT/MAT/CMAT/GMAT/ATMA scores. Further, aspirants are required to satisfy the preset eligibility criteria. Hence, aspirants may not be able to take direct admission to MBA at DY Patil Institute of MCA and Management.
Yes, ISMS Pune accepts national-level entrance exams like CAT, CMAT, MAH CET score. The candidates shortlisted based on the entrance exam score are required to come for a GDPI round. The institute can conducts a personal interview. The selected aspirants will recieve an admission offer letter.
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- Top MBA Colleges in Maharashtra 2026
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- MBA Colleges accepting CAT in India
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- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India