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.
Yes, pursuing an MBA course from IIMHRD is a good choice if considering the placement opportunities. IN 2024, 52 students of the MBA batch 2024 were placed in various sectors viz., Finance, Marketing and HR, etc. The key highlights of IIMHRD placements for the Class of 2024 are tabulated below:
Particulars | Placement Statistics (2024) |
|---|---|
the highest package | INR 14.50 LPA |
Average package | INR 6.50 LPA |
Total recruiters | 300+ |
Total students placed | 52 |
Note: The placement year for the packages mentioned above and recruiters is not mentioned on the official website. Hence the details are assumed for the year 2024.
The key highlights of Symbiosis Institute of Health Sciences placements for MBA between 2022-2024 are tabulated below:
Particulars | MBA HHM Placement Statistics (2022) | MBA HHM Placement Statistics (2023) | MBA HHM Placement Statistics (2024) |
|---|---|---|---|
the highest package | INR 12.50 LPA | INR 19 LPA | INR 19 LPA |
Average package | INR 5.50 LPA | INR 7.95 LPA | INR 7.95 LPA |
Median package | INR 6 LPA | INR 7 LPA | INR 9 LPA |
Total recruiters | 30 | 47 | 45 |
Total offers | 111 | 104 | 106 |
Placement rate | 100% | 100% | |
Top recruiting sector | Insurance | Insurance and Consulting | Insurance |
Popular recruiters | Deloitte, Pharma ACE, Persistent Systems | EY, Manipal Hospitals, TATA AIG | Aditya Birla, Apollo, Accenture |
Yes, you need to go through an internship and project in the second year of the programme. This shall help candidates gain in-field experience. On completion of internship, a certificate issued by the respective entity may also have to be submitted at the university.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
DY Patil PGDM Institute offers a contemporary lifestyle to students and supports them in every aspect of their academic journey. Students are welcomed enthusiastically as they embark on a new journey in their initial days. The institute offers various types of internship programs, live projects, seminars and more for the practical exposure and comprehensive learning of students. Further, DY Patil PGDM offers a single program, i.e. PGDM in several specialisations. Apart from the academics, the institute offers great placement opportunities to students in the renowned companies. DYP PGDM infrastructure offers various facilities to students and caters to all their needs. DY Patil PGDM campus is located in the vibrant city of Pune and includes Cafeteria, Hostels, Amphitheatre, etc.
SIES School of Business Studies PGDM programme offers specialisations in Marketing, Finance, Human Resources, Operations, Business Analytics, Pharmaceutical Management, and Biotechnology Management. Students can choose these as per their career choice.
No, AIET scores are not compulsory for admissions to the MBA course at DY Patil Vidyapeeth Global Business School, because the school also considers several other entrance exam scores for admissions to the MBA course. The names of the accepted entrance exams are- DPU Test/ CAT/ XAT/ CMAT/ MAT/ ATMA/ MH-CET/ AIET. Thus, applicants with valid scores in AIET can get admission to the MBA course. However, it is not compulsory.
ISMR Pune offers MBA course in eight specilaisations. These specilaisations include Financial Management, Marketing Management, HR Management, Operations and Supply Chain Management, Business Analytics, Agribusiness Manangement, Tourism and Hospitality Managemnet, and International Business. The admission process for MBA programs is unified and based on valid scores in entrance exams like MAH-MBA CET, CMAT, CAT, MAT, XAT, ATMA or SNAP. ISMR Pune has a good track record of placements with the highest package of INR 17.50 LPA.
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.
The Vidyalankar School of Business has a specific training and placement division. With each of the placement partners and corporates, the VSB placement team keeps up positive relationships and networking. In addition, the VSB placement cell continuously informs students on current market trends to help them get ready for job interviews. The Vidyalankar School of Business (VSB) has an excellent placement rate. The college's website states that the average pay package for the PGDM programme in 2022 was INR 4 LPA, while the highest compensation package was INR 10 LPA. Top recruiters for the programme in 2022 were Morgan Stanley, Accenture, Amul, Deloitte, ICICI Bank, and Aditya Birla Group.
The overall placement rate recorded during MIT Institute of Design placements is not released. However, the placement highlights recorded in 2025 are given below:
| Particulars | Placement Statistics (2025) |
|---|---|
| Eligible Students | 304 |
| Students Placed | 85 |
| Highest Package | INR 20.8 LPA |
| Median Package | INR 8.4 LPA |
The application fee of Sasmira's Institute of Management Studies and Research has not been declared yet. However, the tuition fee for the Sasmira's Institute of Management Studies and Research MBA is INR 4.4 lakh. Besides the tuition fee, there might be other fee components in the total tuition fee. It must be noted that the above-mentioned fee is taken from the sanctioning body. It is still subject to change and, hence, is indicative.
The admission process of JAGSoM MBA begins with applying for the course and ends with payment of admission fee to secure admissio at the institute. The step-wise JAGSoM Mumbai Admission process is metioned below:
Step 1: Fill out the JAGSoM Application form.
Step 2: Appear for one among NMAT/CAT/XAT/MAT/GMAT/CMAT/SNAP/MH-CET and the appear for JAGMAT.
Step 3: Shortlisted candidates will then have to appear for Group exercise and two rounds of personal interview.
Step 4: Selected candidates will be given the admission offer. They need to pay the admission confirmation fee to secure their admission.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The median package received during IndSearch Institute of Management Studies and Research placements over the past three years is presented below:
Particulars | MBA Placement Statistics (2022) | MBA Placement Statistics (2023) | MBA Placement Statistics (2024) |
|---|---|---|---|
Median package | INR 5.25 LPA | INR 7 LPA | INR 7.5 LPA |
JSPM Narhe Technical Campus accepts the following entrance exam scores for admission to the MBA program:
- MAH MBA/MMS CET
- CAT
- XAT
- NMAT
- CMAT
- IPMAT
- SAT India
These scores are used as part of the selection criteria for admission to the MBA programme at JSPM Narhe Technical Campus.
To check the cut-off for Dr. Ambedkar Institute of Management Studies and Research, Nagpur you can visit the Shiksha page and college's official website.
The Dr. Ambedkar Institute of Management Studies and Research's (DAIMSR) MAH MBA CET cutoff for 2023 was 74.81 for the first round and 72.47 for the last round for the General Home State category.
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.
| Courses | Eligibility |
|---|---|
| MBA/PGDM | Candidate must have completed minimum three year Bachelor's Degree in any discipline or its equivalent with above mentioned marks (45% in case of candidates of backward class categories and Persons with Disability belonging to Maharashtra State only) from any of the Universities recognized by UGC or AIU. |
| MCA | Candidate must have completed B.C.A/ B.Sc. (Computer Science) /B.Sc (IT) /B.E.(CSE) / B.Tech (CSE) / B.E. (IT) / B.Tech. (IT) or equivalent Degree with above mentioned marks from any recognised University/Institute. Or Candidate who have completed any graduation degree B.E./B.Tech/ B.Sc/ B.Com/ B.A. /B.Voc. preferably with Mathematics at 10+2 Level or at Graduation Level(with additional bridge Courses as per the norms of the concerned University) with above marks can also apply. Candidates appearing for final year of qualifying examination are also eligible to appear. |
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