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
Balaji Institute of International Business has recorded a placement rate of 100%. Candidates can refer to the table to know the highest package offered during BIIB placements 2022:
| Particulars | Statistics |
|---|---|
| Highest Package 2022 | INR 19.25 LPA |
| No of Offers recieved | 903 |
ASM IBMR Pune offers good placements annually for its various courses like MBA and MCA courses. As per the latest report, the the highest packages offered to MBA and PGDM during IBMR Pune placement 2025 stood at INR 12 LPA and INR 24 LPA respectively. The key highlights of ASM IBMR Pune placements for the MBA/PGDM Class of 2025 are tabulated below:
Particulars | Placement Statistics (2025) |
|---|---|
Highest package | INR 24 LPA (PGDM) INR 12 LPA (MBA) INR 8 LPA (MCA) |
Average package | INR 7.5 LPA (PGDM) INR 4.2 LPA (MBA) INR 4 LPA (MCA) |
The placement rate recorded during IMDR Pune placements 2025 for PGDM was 93%.
The institute has released the 2022 placement statistics on its official website. Over 300 companies participated in the 2022 drive. Further, the majority of students received job opportunities in E-Commerce & Service sector. Check the complete insights of IIEBM placements 2022 from the table below:
| Particulars | Placement Statistics (2022) |
|---|---|
the highest package | INR 30 LPA |
Average package | INR 7.50 LPA |
Jobs offered | 800+ |
| Companies visited | 300+ |
| Top sector | E-Commerce & Service |
| Top domain | Marketing |
NOTE: The above data is gathered from the official website, however, the year of placement is not specified.
I advise taking the following actions to verify the most recent details regarding the 2023 UG admissions and round-by-round seat allotment cut-offs at WWI:
Go to Whistling Woods International's official website: See the official WWI website.
Go to the Admissions Section by navigating: On their website, look for the "Admissions" or "Apply Now" section. This is probably the best place to learn about the 2023 admissions procedure.
Speak with the Admissions Division: You can get in touch with WWI's admissions office directly if you can't find the specific information you need on the website. They are frequently the most reliable source for the most up-to-date, thorough admissions information.
Look for any updates: Watch the official WWI website for any updates on admissions policies, deadlines, and seat availability.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Symbiosis Institute of Digital and Telecom Management, Pune (SIDTM) was formerly known as SITM. Symbiosis Institute of Digital and Telecom Management is a constituent of and an Indian business school established in 1996 in Pune, Maharashtra. The institution is established under the UGC Act 1956 and was accredited by NAAC with an ‘A’ grade.
Symbiosis Institute of Digital and Telecom Management placement has evolved to keep up with the industry's changing trends and requirements. Meanwhile, the Symbiosis Institute of Digital and Telecom Management placement cell conducts summer placements where 100% of students got placed in the batch 2019-20 and the highest stipend offered for the domestic internship was Rs 80,000 for the entire duration. Symbiosis Institute of Digital and Telecom Management placement cell and training at the campus supports the SIDTM
You can choose MBA in Finance, FinTech, Marketing, Business Analytics, Entrepreneurship, Digital Marketing & Advertising, Investment Banking, and Design Management & Strategic Thinking. These options help in selecting MBA basis career interests and industry goals.
PCU admissions are based on merit and entrance exam scores as per the course requirements. The universityprovides UG, PG and PhD courses. The courses are provided in various streams like Engineering, Computer Application, Management, etc. The university accepts national entrance exams like JEE Main, MH-CET, NID, UCEED, etc.
The table below compares the PGDM placement statistics of NIA Pune and NIBM Pune for the 2024 drive:
| College/ Institute Name | Highest Package (2024) | Average Package (2024) | Placement Rate (2024) |
|---|---|---|---|
| NIA Pune | INR 22 LPA (PGDM) | INR 12.30 LPA (PGDM) | 100% (PGDM) |
| NIBM Pune | INR 26.51 LPA (PGDM B&FS) | INR 14.23 LPA (PGDM B&FS) | 100% (PGDM B&FS) |
PG courses offeres at BSE Institute, Mumbai include MMS and PG Diploma. These courses are offered in various specialisations. The BSE Institute PG fees range from INR 2.1 Lacs to INR 7.3 lakh. The exact amount depends on the choice of specialisation. Further, candidates may have to pay certain one-time charges in addition to the course fee. It must be noted that the mentioned fee is sourced from the official website of the institute/sanctioning body. It is still subject to change and hence, is indicative.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The SBIIMS MBA programme is offered in full-time mode with a duration of 2 years. The students having a graduate degree in any stream with 50% marks can apply for the course. The institute follows a selection process. To clear this selection process, students must have valid scores in entrance exams like CMAT/CAT/MAT/XAT/GMAT/CET/ATMA. The institute selects students on the basis of marks obtained in any of these entrance exam, GD/PI score, past academic record, and sports/cultural/NCC/NSS merit.
The SIMS Pune average package offered to the top 50 students stood at INR 15 LPA. The participating recruiters offered 60 PPOs to the MBA/PGDM batch 2023. The top recruiters of SIMS Pune in 2023 included Accenture, Dell, Cognizant, Amazon, Dell, HCL, ICICI Bank, Infosys, etc..
The total fees for PGDM is INR 6.5 lakh at Valia School of Management. The fees includes admission fees of INR 50,000 and per year fees of INR 3 lakh. Aspirants must pay the fees in the mode accepted by the school. This fees is inclusive of all academic fees, study materials, library among all other academic facilities provided by the school.
In order to get admission to a two-year MBA course at DY Patil College Pune, candidates have to go through a selection criteria. The admission process includes fulfilling the MBA eligibility, qualfiying for the entrance exam, appearing in GDPI rounds and filling an online application process. Find below the detailed steps of DY Patil College Pune MBA admission:
- Eligibility criteria: Aspirants must pass graduation with minimum 50% aggregate (45% aggregate for reserved candidates)
- Selection Rounds: Candidates either need to qualify for any state/ national-level entrance exams either CAT/ XAT/ MAT/ CMAT/ MHT CET or DPU AIET with a valid score. Candidates who apply via scores of any national/state-level entrance exam need to appear for GD/PI rounds.
- Application Process: The application process is conducted in online mode. Aspirants must visit the official website to apply for the DY Patil MBA College Pune.
For graduates from any accredited university, the Institute for Future Education, Entrepreneurship and Leadership (iFEEL) in Lonavala, Pune, has a minimum cutoff of 50%. Pupils belonging to reserved groups must receive at least 45%.
The CAT, XAT, CMAT, CET, MAT, ATMA, and GMAT admission exams must also be taken by applicants.
The following is taken into account by the admissions process:
prior academic achievement
score on the MBA entrance exam
Conversation in groups
individual conversation
For iFEEL Business School in Lonavala, the CMAT cutoff percentile is approximately 80%
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, you can get direct admission to the K.K. Wagh Institute of Engineering Education and Research.
They offer various ways to get admission into it:-
- 1st-year undergraduate
- Direct 2nd year Undergraduate
- Direct 2nd year Engineering for working professionals
- Postgraduate and doctoral program
To get Admission into the K.K. Wagh Institute of Engineering Education and Research you must meet the eligibility criteria:-
- Good entrance test score
- Academic Performance
- Family Income
- Caste and Category
To apply for DY Patil University Pune course admissions, students need to visit the official website of the institute and fill out an online application form. Refer to the following steps to fill out the application form for DY Patil University Pune admission 2023:
Step 1: Visit the official website of DY Patil University Pune and click on 'Apply Now'.
Step 2: Register yourself and generate the login credentials.
Step 3: Fill out the application form with all the relevant details, such as educational and personal information.
Step 4: Complete the application process by paying an application fee and press the Submit button.
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.
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2026
- Top Private MBA Colleges in India 2026
- Top IIMs in India 2026
- Top MBA Colleges in Kerala 2026
- Top MBA Colleges in Karnataka 2026
- MBA Colleges accepting CAT in India
- MBA Colleges accepting MAT in India
- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India