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
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.
Aspirants must pass CAT, XAT, MAT, NMAT by GMAC, CMAT, ATMA, GMAT or State CET or PERA tests get admission to the MBA course. The selected candidates are called for a PI round. After completion of the selection rounds, the university releases a merit list to announce the names of the shortlisted candidates. The shortlisted aspirants are called for counselling and document verification. Aspirants need to pay a course fee to confirm their seat in the university.
The total tuition fees for AI-Integrated PGDM programme is INR 10.8 lakh. Candidates selected for admission need to pay the course fees to confirm their seat.
IBS Mumbai PGPM final selection is based on entrance test scores, past academic record, and performance in Micro Presentation and PI. Admissions are strictly merit-based and there is no direct admission. Perform well across all components to secure a seat. This keeps the selection process transparent.
Ramdeobaba University offers good placements annually for its various courses like MBA, BTech, and MCA courses. The key highlights of Ramdeobaba University placements for the Class of 2023 and 2024 are tabulated below:
Particulars | Placement Statistics (2023) | Placement Statistics (2024) |
|---|---|---|
the highest package | INR 48 LPA | INR 50 LPA |
Average Package | NA | INR 6.9 LPA |
Total offers | 1,689 | 1,105 |
Total recruiters | 113+ | 98 |
the highest stipend | INR 1.39 Lacs per month | INR 2 Lacs per month |
MBA/PGDM Applications open. Apply Now
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
CMAT 2025 was on January 25, 2025, almost four months ahead of previous years. The CMAT exam is usually held in March-April, but in 2023 and 2024, it was held in May. The last time CMAT was held in January was in 2019.
The NTA announced registration dates via an official circular, which was released online on the NTA website on November 14, 2024. The CMAT 2025 exam schedule includes registration window open and close dates and form correction dates. CMAT 2025 registration has started, and the last date to apply was December 13, 2024, and the admit card was released on January 20, 2025.
SP Jain School of Global Management
Course and Fees 2023 ;
1.Course : BBA ( 2 courses )
Total tution fees : 4.3 L - 30.4 L
Exams : SAT IndiaSPJET
2.Course: MBA/PGDM (4 courses)
Total tution fees : 13.2 L - 33.7 L
Exams : CATGMAT+1 More
3.Course : Executive MBA/PGDM (1 course)
Total tution fees: 10.6 L
Exams : GMATCAT+1 More
4.Course : B.Sc. (1 course)
Total tution fees: 32.2 L
Exams : JEE MainSAT India+1 More
5.Course : Certificate (24 courses)
Total tution fees: 52.6 K - 15 L
Graduation : 40 %
6.Course: B.A. (1 course)
Total tution fees : 30.4 L
Eligibility : 10+2 : 60 %
Exams : SAT IndiaSPJET
7.Course: MS (1 course)
Total tution fees: 32.5 L
8.Course : Ph.D. (1 course)
Total tution fees: 53.7 L
9.Course : Others UG (1 course)
Total tution fees: 34 L
Eligibility: 10+2 : 60 %
Exams : JEE MainSAT India+1 More
For more information please visit Shiksha Home page search for more details.
Pune Business School admissions to PGDM course is completely entrance-based. PBS Pune accepts various national-level entrance exams like CAT, MAT, XAT, CMAT, ATMA and GMAT. Aspirants are required to appear for any one of these entrance exams and submit the scores at the time of filling application form. Candidates qualifying any of the specified exam will be called for GDPI. The interview will be conducted in two rounds-one with the faculty member and second with the director. Only after the completion of the selection rounds, shortlisted candidates can pay fee to confirm their admission.
The key highlights of Amity Global Business School Pune placements in recent past are presented below:
Particulars | Placement Statistics |
|---|---|
the highest package | INR 23 LPA |
Placement rate | 98% |
Total offers | 1200 |
ATLAS SkillTech University offer scholarship to meritorious students. As a part of the ATLAS Scholarship Program, scholarships will be awarded for four different categories. Check below the scholarship categories:
| Category | Details |
|---|---|
| Merit-Based | Students demonstrating excellence in academics and high intellectual aptitude are eligible for scholarship |
| Financial Aid | Students who need financial support to achieve their aspirations at ATLAS can apply for this scholarship |
| Educators | Children of educators (teacher, professor or administrator.) are eligible for this scholarship |
| Defense | Children of personnel currently serving in the armed forces are eligible for this scholarship. |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
MBA course is a two-year postgraduate level degree program focusing on Management, Business, and Entrepreneurial concepts. Students can check the list of career options available after completing MBA from NICMAR University:
| Job Profiles | Description | Average Salary (in INR) |
|---|---|---|
| Business Analyst | A Business Analyst is a professional who works within an organisation to analyze, understand, and document the business processes and systems. | 9.5 LPA |
| Investment Banker | An Investment Banker is a finance professional who works within an investment bank or a financial institution, specializing in providing financial advisory services and raising capital for corporations, governments, and other entities. | 5 LPA |
| Chief Financial Officer | The CFO is a high-level executive responsible for managing an organization's financial actions, strategies, and operations. | 47.1 LPA |
MET Institute of PGDM offers PGDM course for a duration of two-years. This course is offered across two specialisations namely, Media & Entertainment and e-Business. The latter is offered across five other specialisations. These are Finance, Marketing, Human Resources, Operations and Systems. Additionally, MET has also introduced five NEW AGE add-on specialisations in FinTech, MarTech, EduTech, Healthcare Management, Start-ups and New Enterprise Management.
Xavier Institute of Management and Research is Tier 2, offering good education and strong placements, but it does not have the same level of national and global recognition or the prestige that Tier 1 institutions like JBIMS, SPJIMR, and NMIMS enjoy. Xavier Institute of Management and Research is a renowned institute offering great education in the field of Management.
No, candidates who apply for BITSoM Mumbai MBA course cannot get direct admissions. To gain admission into MBA at BITSoM Mumbai, candidates must appear for one of CAT, GMAT, GMAT Focus or GRE.
If the candidate is selected, they will be called for the personal interview round.
Year by year the admission capacity is going to change for getting the latest information one should have to see the official website
The number of seats also depends on the infrastructure of the campus
You can also contact to the admission office in order to know the capacity of admissions
To get a seat the admission deadline criteria should be played a major role
One should have to visit the official website regularly on order to know the admission details
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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.
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)
DY Patil College of Engineering in Akurdi, Pune is outstanding through its particular instructional surroundings and the presence of multiple institutes on its expansive, well-designed campus. Affiliated with Savitribai Phule Pune University and authorized by way of AICTE, New Delhi, the college boasts nicely-geared up laboratories and a committed, prompted, and properly-certified faculty. Notably, the university has a unique get dressed code, requiring students to put on a white blouse, black pants, and black shoes, except on Wednesdays and Saturdays, adding to the overall specific lifestyle of DY Patil College of Engineering.
The highest salary package offered in Symbiosis Institute of Business Management is 26 Lacs per annum, and the average salary package offered here is between 8 Lacs per annum - 9 Lacs per annum.
Whereas, the highest salary package offered in Nagpur Institute of Technology is 4.5 Lacs per annum. The average salary package offered is 3.5 Lacs per annum.
So as per this data, I think Symbiosis Institute of Business Management is a better and right choice since it offers the highest number of packages for MBA.
Many top companies participate in the placements drive of the institute. Candidates can also take part in the off campus placements drive. The list of top recruiters during Kirloskar Institute of Management placements is presented below:
Kirloskar Institute of Management Top Recruiters | |
|---|---|
Deloitte Consulting India Pvt Ltd | Alfa Laval India Pvt Ltd |
G4S Corporate Services Pvt Ltd | ANZ Bank |
TTK Prestige Ltd | HDFC Bank Ltd |
Grant Thornton | Kirloskar Group |
VE Commercial Vehicle Ltd | IDFC First Bank |
Reliance Retail Ltd | Paytm |
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