Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
823 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 the 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.
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 the 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.
- 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 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 |
| 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. 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 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
Best MBA Colleges in Maharashtra
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
For addmision to MBA programme at Ramdeobaba University, candidates need to qualify for either state or national-level entrance exams. These are MAH MBA CET/ MAT/ CAT/ XAT/ GMAT/ CMAT/ ATMA/ CET conducted by other state. The final admission is done based on candidates past academics and entrance exam scores.
ISMS Pune offers good placements to its MBA students annually. As per the latest report, the highest package offered during ISMS Pune MBA placements 2024 stood at INR 14 LPA. The highest package was offered to the student of the Marketing domain. The key highloights of ISMS Pune placemnets fro the Class of 2023 and 2024 are tabulated below:
Particulars | Placement Statistics (2023) | Placement Statistics (2024) |
|---|---|---|
the highest package | INR 15 LPA | INR 14 LPA |
Top recruiter | TresVista (offered the highest package) | Lion Mortgage (offered the highest package) |
The minimum cutoff percentiles for MBA admissions have not yet been released by the DY Patil University School of Management. Usually, cutoffs are announced closer to the dates of admission.
However, based on previous years' cutoff trends, here are some indicative percentiles that can set as targets:
- CAT Cutoffs:
- General Category: 60 to 65 percentile
- Reserved Categories: 55 to 60 percentile - CMAT Cutoffs:
- General Category: 80+ percentile
- Reserved Categories: 65+ percentile
VIT Mumbai MMS admission is provided to applicants who fulfil the preset eligibility criteria. The VIT Mumbai MMS eligibility criteria is as follows:
- The candidate should be an Indian National;
- The candidate must have passed a Bachelor's degree of at least three years, from a recognised university with a minimum of 50% (45% in the case of candidates belonging to backward class categories and Persons with Disability belonging to Maharashtra State only)
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
No, DY Patil Institute of Master of Business Administration (DYPIMBA) in Akurdi, Pune doesn't offer direct admission to the MBA course. DY Patil Akurdi, Pune MBA admission is entirely entrance-based for the year 2025. Candidates seeking admission to the programme must have to appear for any of the following entrance exams, namely MAT/ CAT/ XAT/ CMAT/ ATMA/ MAH MBA CET followed by the counselling process. Therefore, candidates cannot get direct admission at DY Patil Akurdi, Pune for MBA.
Yes, a full-time MBA is available at DYPIMCAM Akurdi. The duration of the PG-level programme is two years. The admission to the programme is entrance-based. The seats are allocated through MAH MBA CET counselling/CAP. The total intake for the MBA programme at the institute is of 120 students. Interested candidates can visit the institute's official website to learn more about the programme.
Yes, candidates can get admission to the MBA course at MIT-WPU, Pune without CAT scores. Because the school accepts several other accepted entrance exams for admission to MBA courses, such as CAT/ XAT/ NMAT/ GMAT/ PERA/ CMAT/ MAH-CET/ MAT. Therefore, candidates with relevant scores in CAT can get admission to the MBA at MIT-WPU, Pune. However, it is not compulsory.
MBA is a two-year course offered at the PG level in Digital Business. The course takes a broad approach to the digitalisation that shapes society. It addresses the new challenges that digitalisation poses for companies and their employees with regard to business renewal and innovation, marketing and digital services. Candidates after completing graduation with at least 45% aggregate can apply for the MBA course.
ISB&M, Pune is good for PGDM and gives a 2 year course for PGDM. The college also has good placement record. ISB&M, Pune also provides specialisations in fields like Marketing, Finanace, HR etc. and is one of the top institutes for the course.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The Sai Balaji Pune MBA fees is refundable, but in some situations, the fees become nonrecoverable. The refund policy of the institute says:
- If any student cancels his or her seat before the start of the session, then the fees is being refunded after a deduction of INR 1000.
- If cancellation done after the commencement of the course and the seat could be filled by the Institute, then the entire fees will be refunded after a deduction of the processing fee of INR 1000/- and proportionate deductions of the monthly tuition fee and hostel rent.
- If the request is received after the commencement of the course & the seat could not be filled, then the fees will not be refunded. Only the Security Deposit (if any) will be refunded.
Amity University Mumbai attracted various eminent recruiters annually for placement sessions. These recruiters offered a variety of job roles to the students across sectors, such as BFSI, IT, Education, FMCG, Consulting, and E-Commerce, etc.
The following is a list of a few top companies that were a part of the recent placement drive:
| Amity Mumbai Top Recruiters | ||
|---|---|---|
| Infosys | Deloitte | Nestle |
| Amazon | IBM | Airtel |
| Havells | Infosys | Deloitte |
| Axis Bank | Wipro | HCL |
Yes, candidates can get admissions to the MMS course without CAT scores, because TIMSR Pune accepts different entrance examination scores according to the domicile of candidates. Therefore, for Maharashtra candidates, the institute accepts the valid scores from MAH-MBA/MMS-CET conducted by the DTE. Moreover, for other Indian students, the institute accepts the relevant scores from CAT/XAT/CMAT, etc. Hence, CAT can be considered as one of the entrance exams to get admission into MMS at TIMSR Pune. However, it is not compulsory.
One important factor that applicants must keep in mind is 15% of All India Quota Seats will be filled through CAT & CMAT, and they should have obtained the requisite score.
The Lexicon MILE Pune average package offered during the 2025 placement drive stood at INR 7.9 LPA.
Particulars | Placement Statistics (2023) | Placement Statistics (2024) | Placement Statistics (2025) |
|---|---|---|---|
Average package | INR 8.70 LPA | INR 8.27 LPA | INR 7.9 LPA |
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, at SCMHRD, students who wish to withdraw their admission are provided a refund. However, the refund is subject to the fulfilment of certain conditions. Listed below are the guidelines to be followed as per the fee refund policy of the institute:
Particulars | Deduction | Refund |
|---|---|---|
Cancellation of admission up to 30 Sep | No deduction of fees | 100% refund of academic fees and refundable deposits* |
Cancellation of admission from 1 Oct to 31 Oct | INR 1,000 for Processing Charges | Refund of academic and refundable deposits after deduction of INR 1,000 |
Cancellation of admission from 1 Nov | 100% deduction as per UGC Notification issued in Oct 2018 | No refund of academic fees; only refundable deposits will be paid. |
The list of top recruiters during Balaji Institute of International Business placements 2022 is presented below:
BIIB Pune Top Recruiters | |
|---|---|
Asian Paints Ltd | CBRE South Asia Pvt Ltd |
Bain Capability Centre P Ltd | CEAT Ltd |
Bajaj Allianz Life Insurance Co Ltd | Citi Bank Ltd |
Bharti Airtel Limited | Cognizant Technologies Ltd |
Capgemini Technology Services India Ltd | Colgate Palmolive India Limited |
Yes, ASM's IIBR (Pune) offers a full-time PGDM in the full-time mode. The duration of the course is two years. Candidates who have completed their graduation with at least 50% aggregate and have a valid CAT/XAT/MAT/NMAT/GMAT/ATMA score can apply for admission. The course is offered in six specialisations. These specialisations are as follows:
- Marketing
- Business Analytics
- Pharma Management
- Human Resources
- International Business
- Finance
Yes, it is possible to take admission to the IBS Mumbai PGPM programme without CAT. The institute accepts various other national-level test scores, including NMAT, XAT, and GMAT. Other than this, the institute also conducts an in-house entrance test, i.e., IBSAT. It is conducted once a year, generally in the month of December. Students willing to take the exam can visit the institute's official website to apply.
- Colleges in Maharashtra
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- Top MBA Colleges in Maharashtra 2026
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- Top MBA Colleges in Kerala 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