Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
820 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
As per the latest report, Marketing emerged as the top recruiters during Vijay Patil School of Management placements in 2023 as it offers 11 job offers to the students of the batch 2023. The following table showcases the sector-wise job total number of job offers provided to the students of the Class of 2022 and 2023:
Sector | Total Offers (2023) | Total Offers (2023) |
|---|---|---|
Marketing | 11 | 11 |
Finance | 4 | 2 |
Operations | 2 | 4 |
HR |
| 3 |
Healthcare | 2 | 1 |
IT | 2 | NA |
International Business | 9 | NA |
Sports Management | 1 | NA |
The primary eligibility requirement to get admission into the PGPM/ MBA course at Athena School of Management is that applicants must complete their bachelor's degree with decent scores. Moreover, for the selection process, the school accepts relevant scores of GMAT/ NMAT by GMAC/ CAT. If candidates have not appeared in any of the mentioned entrance exam, they can In case an applicant has give the ASAT - Athena Scholastic Ability Test.
Yes, DYPDPU SMR offers a full-time Masters of Buisness Administration (MBA) programme. The course spans two years, divided into four semesters. The university provides a general MBA as well as a specialisation in Digital Marketing. Admission is done online through the official website. The selection criteria is based on CAT, MAT, CMAT, MAH-CET, XAT, or ATMA, scorecards. The eligibility criteria is a minimum of 50% aggregate marks in graduation.
While comparing AIMS Institute of Management Studies and NIBM Pune based on the parameters of MBA tuition fees, AIMS IMS Pune is a more economical option for pursuing an MBA course. Interested candidates can refer to the following brief comparison between both the institutes:
Particular | AIMS Institute of Management Studies | NIBM Pune |
|---|---|---|
Tuition Fee | INR 4 lakh to INR 6.5 lakh | INR 13.7 lakh |
Seat Intake | 180 | 132 |
Selection Criteria | Entrance-based | Entrance-based |
Overall Shiksha Rating | 4.8/5 | 4.4/5 |
No. of Specialisations | Two | One |
NOTE: The mentioned fee is taken from the official website/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
There are a total of 330 seats for MBA/PGDM at Suryadatta Institute of Management and Mass Communication. For seat reservation policy details, candidates can reach out to the admission office.
Further, the seat bifurcation for each course is presented in the following table:
Courses | Seats |
|---|---|
PGDM + MDP + CDP | 150 |
MBA + CDP | 180 |
FUEL Business School has released the salary stats for the Class of 2024. The key highlights of are tabulated below:
Particulars | Placement Statistics (2024) |
|---|---|
the highest package | INR 16 LPA |
Average package | INR 7.5 LPA |
Minimum package | INR 4.5 LPA to INR 5 LPA |
Top recruiters | Capgemini, Wipro, Infosys, TCS |
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.
Sandip University offers scholarships for courses offered at university. Take a look at different types available for students:
| Sandip University Scholarships | |
|---|---|
| Merit Scholarships | Category-Based Scholarships |
| Sports Scholarships | Special Scholarships |
Commonly asked questions On Best MBA Colleges in Maharashtra: Fees, Admission 2026, Courses, Salary, Ranking
Yes, the Pravin Dalal School of Entrepreneurship and Family Business Management (PDSE&FBM) at NMIMS Mumbai gives diff. MBA programs specifically designed for entrepreneurs and family business successors. These courses are for the duration of two-years.
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.
IndSearch Institute of Management Studies and Research, Law College is a private institute. The institute has a modern and well-equipped infrastructural facilities. The campus premises have spacious classrooms, workshop rooms, seminar hall and auditorium, equipped with audiovisual aids. The IndSearch Law College campus Library contains more than 25,000 contemporary volumes on wide ranging subjects and global current news. The campus life is engaging and vibrant as per the student reviews on Shiksha.
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 fee structure for the MMS Course at AIMSR Mumbai (INR) -
• First year tuition: 2.45 lakh.
• 2023-25 batch fee: 121,586 + 16,414 development fees.
• Private college approved by AICTE.
• Established in 2011 by Mumbai University.
• TOI ranked AIMSR 42nd in 2021.
Yes, all candidates who manage to clear the MAT entrance exam are eligible to apply for PGDM courses at PBS. Admissions into PBS PGDM courses are entrance based where a candidate's performance in the appropriate entrance exam is used to decide their admissions. Candidates interested in PGDM courses at PBS can appear for any of MAT, CAT, ATMA, and several other entrance exams.
Yes, students can join the Symbiosis School of Culinary Arts and Nutritional Sciences without any entrance exam scores.The mode of Symbiosis School of Culinary Arts and Nutritional Sciences course admissions is online. Admission to various courses is based on merit and other criteria decided by the college. For admissions, candidates must first visit the official website. Then, register on the official website of the college. Then, fill out the complete registration form. Submit the registration form with the required details.
- Colleges in Maharashtra
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- Top MBA Colleges in Maharashtra 2026
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- Top IIMs in India 2026
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- MBA Colleges accepting CAT in India
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