Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
858 Best MBA Colleges in Maharashtra
The best of 850+ MBA colleges in Maharashtra are located across Mumbai, Pune, and Nagpur. Among the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra in the NIRF rankings 2025. Mumbai's IIM Mumbai and IIT Bombay's Shailesh J. Mehta School of Management are the leading colleges for MBA in Mumbai. Pune has SIBM (Symbiosis Institute of Business Management) and Pune Institute of Business Management, and Nagpur has IIM Nagpur and IMT Nagpur in NIRF rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best. Below, you can find MBA institutes in the state which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also find some good government MBA colleges in Maharashtra, besides the two IIMs and one IIT, with relatively low fees and greater
The best of 850+ MBA colleges in Maharashtra are located across Mumbai, Pune, and Nagpur. Among the top 100 management category colleges in India, there are 9 top MBA colleges in Maharashtra in the NIRF rankings 2025. Mumbai's IIM Mumbai and IIT Bombay's Shailesh J. Mehta School of Management are the leading colleges for MBA in Mumbai. Pune has SIBM (Symbiosis Institute of Business Management) and Pune Institute of Business Management, and Nagpur has IIM Nagpur and IMT Nagpur in NIRF rankings.
In this guide, you will be able to sort which Maharashtra colleges for MBA are best. Below, you can find MBA institutes in the state which take candidates through MAH MBA CET, MAT, ATMA, in addition to the CAT exam. You will also find some 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 top colleges for MBA in Maharashtra are largely in Mumbai, Pune, and Nagpur when you refer to ranking surveys. Aurangabad (now renamed as Chhatrapati Sambhajinagar), Nashik, Amravati, Raigad, and Kolhapur also have good management colleges for MBA in Maharashtra with low tuition fees. The choices in the state are quite good to meet all types of budgets and career goals. See below.
| Parameters |
Details |
|---|---|
| Number of MBA Colleges in Maharashtra |
850+ |
| 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. Most of the top B schools in the state (in the 1 -100 tier) are concentrated in Mumbai. But in the 101-125 tier of NIRF 2025, the best of Maharashtra's MBA colleges are outside Mumbai. All of them 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 | 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 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
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Best MBA Colleges in Maharashtra
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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.
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 |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
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) |
Eligibility criteria for admission to MBA programme at Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth is:
- Candidates must have passed Bachelor's or Master's degree with at least 50% marks in any discipline from a recognised university.
- Candidates must pass Bharti Vidyapeeth Management Aptitude Test from Bharti Vidyapeeth with valid score
- The medium of instruction throughout the candidate's academic career must be English.
- Candidates can apply here in the final year of their bachelor's degree, in which case they have to submit their original certificates and mark sheets.
The programme of this institute is a two year full time program. For more details follow the official website of the institute.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, the JSPM University takes MAH CET exam scores for MBA programme admission. This exam is conducted by the State Common Entrance Test Cell, Maharashtra, and it is a computer-based test (CBT). Furthermore, the university accepts some national-level entrance exams, namely CAT, MAT, XAT, etc. Prospective aspirants must appear in any of these entrance exams and score valid marks to get a seat to JSPM University MBA course.
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, IISM offers admission to its UG and PG courses based on the scores of its in-house entrance exam. For admission to UG and PG courses in the Management stream, the college conducts Sports Management Admission Test (SMAT). Also, for admission to UG and PG courses in the stream of Science, the college conducts Sports Science Admission Test (SSAT).
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Every candidate can make three attempts in SNAP exam. The SNAP exam is conducted in three sessions in a gap of one or two weeks. Candidates can mention their number of attempts in the SNAP application form. However, they will have to pay application fee per session. Thus, candidates who are sure of making multiple attempts only then they should apply for multiple sessions as the fee amount is non-refundable. The scores of best attempt will be taken into consideration for shortlisting of candidates for Group Exercise, Personal Interview and Writing Ability Test.
Ideally candidates must take all three attempts as the difficulty level of the sessions could be different and it may so happen that one session is easy and candidates can score high in that.
PBS PGDM courses only require a candidate to clear their undergraduate programme with a minimum aggregate of 50% and a duration of 3 years to be eligible for admissions. Candidates can clear an undergraduate programme of any course be it a business or non-business degree. As long as the aforementioned requirements are met, candidates are eligible to apply for PGDM admissions at PBS.
- Colleges in Maharashtra
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- Top MBA Colleges in Maharashtra 2026
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- 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
