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
After an MBA from BITM Pune, alumni have jobs in diverse sectors. Some of the jobs that can be expected in jobs include Telecommunications: Scopes related to employment opportunities in companies like Tech Mahindra and HCL. Finance: Opportunities in the banks like ICICI Bank and HDFC Bank. Roles at FMCG companies like Asian Paints and Procter & Gamble. Marketing. Consulting: Jobs with companies like Capgemini and Infosys. Hence, the strong placement cell at BITM ensures almost 100% placement with an average salary of around INR 6.5 LPA, reflecting the institute's industry connections.
Zeal has been approved by the All India Council of Technical Education (AICTE) and accredited by the National Assessment and Accreditation Council (NAAC) and Internal Quality Assurance Cell (IQAC). Zeal Education Society runs eight institutes in total, offering education from pre-primary to PhD courses. ZCOER Pune offers undergraduate and postgraduate programmes in core areas of Engineering and Management.
Master of Business Administration (MBA) at Zeal College of Engineering is a 2 years course at the PG level. The course offers admission to 60. The total tuition fee for Zeal College of Engineering Master of Business Administration (MBA) is INR 1.87 Lakh.
Studying at Dnyaan Prasad Global University - Dr D.Y. Patil Unitech Society can be considered expensive, especially for courses such as BTech and BPharma. The fees for these programmes may range between INR 6.4 Lacs to INR 14.5 Lacs. The total fee can include multiple components, such as tuition fees, security deposit, hostel fees, mess fees, and more. However, the cost of studying at the university may vary on individual lifestyle, accommodation and career goals.
Thakur Global Business School PGDM programme has annual fees of INR 5.5 Lakhs for the minimum two-year programme. As such the total tuition fee of the programme is INR 11 lakhs.
This fee may be higher if the student decides to avail hostel accomodations. If candidate has not availed the hostel accomodation they do not have to pay the additional cost.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
The highest package offered during the 2024 placement drive at Kohinoor Management School stood at INR 12.50 LPA. The same is tabulated below:
Particulars | Placement Statistics (2024) |
|---|---|
Highest package | INR 12.50 LPA |
Pillai Institute of Management Studies and Research has been rated 4.2 on placements on the basis of 45 reviews done by students. The highest and average package offered during PIMSR placements 2024 stood upto NR 14 LPA and INR 6.5 LPA, respectively. The minimum package offered to the students is INR 4 LPA. The institute also offers internship assitance to the students. The top recruiters are Hindustan Coca-Cola Beverages Ltd., Federal Bank, Axis Bank, Cordelia Container Shipping Line, Redington, and others.
Greetings,
For 2024 admissions, the SIMC Pune MBA cutoff information is yet unknown since the SNAP test hasn't been held yet. The official SNAP cutoff score for the SIMC Pune MBA can vary from year to year, however it often hovers around the 75+ percentile. However, because of the popularity and competitive nature of the program, it's imperative to aim far higher, closer to the 80th percentile or above. Furthermore, SIMC administers an entrance exam for MBA programs that is institute-specific and often has substantially higher cutoffs—often above the 90th percentile. Recall that admittance is not determined only by test results. A strong showing in the written ability test, the group discussions, and the personal interviews is important. For official announcements and the most recent cutoff information as soon as it becomes available, check out SIMC's website.
Thank you.
The institute has released the course-wise the highest package details for IISM placements 2024, which is as follows:
| Course | the highest Package (2024) |
|---|---|
| MSM | INR 7.50 LPA |
| BSM | INR 4.50 LPA |
| PGP | INR 4.50 LPA |
Yes, DMIHER is a good university. Datta Meghe Institute of Higher Education and Research (DMIHER), earlier known as Datta Meghe Institute of Medical Sciences (DMIMS), is ranked 71st under the Overall category, 42nd under the University category, and 24th under the Dental category by NIRF 2024. DMIHER is accredited with A+ Grade by NAAC and has NABH and NABL-accredited laboratories. This deemed to be university is ISO certified.
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, Sanjay Ghodawat University does offer an MBA course for the duration of two years, divided into four semesters and offered in full-time mode. The university offers an MBA course through the School of Commerce & Management. The basic eligibility requirement for admission to the MBA course at SGU Kolhapur is that candidates must complete their bachelor's degree with a minimum aggregate of 50% (45% for reserved category candidates).
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
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, Class 12 marks are sufficient for those seeking admission to undergraduate courses at D.K.T.E. Society's Textile and Engineering Institute. The institute offers only one undergraduate course, i.e., BTech. Students can refer to the table presented below to understand the detailed eligibility and selection criteria:
BTech :Class 12 with a 45% aggregate (40% for SC/ST)
Selection Criteria: JEE Main/MHT CET
The JSPM University provides placement facilities inside the campus of the university. Students are getting great placement opportunities with attractive packages. The average package of the university is 3.5 LPA, while the highest package the students are getting is 45 LPA. The university has a dedicated training and placement cell, that gives training to the students, helps in resume building, and takes mock interviews.
MBA placements at GNIMS are not bad at all. Approximately 80% of students were placed by the Institute and remaining 20% tried their luck of getting placed by their own individual efforts. The highest package offered was 13 LPA and the lowest package was around 3 LPA last year. Top companies like Seimens, Kotak Mahindra, HDFC, Motilal Oswal visited there last year. About 70 % students get internships and companies which offer internships are HDFC, Aditya Corporates, Shiksha.Com, Talent Corner.
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