Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
800 Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
Around 470+ private, 30+ government, & 15+ public-private MBA colleges in Maharashtra sum up to around 760+ colleges in Maharashtra for the MBA course. You can choose from MAH CET, CAT, CMAT, MAT, MAT, XAT, etc., which are accepted by the different MBA Colleges in Maharashtra.
- Best Colleges in Maharashtra for MBA
- NIRF Ranking of MBA Colleges in Maharashtra
- General Eligibility
- Entrance Exams Schedule
- 4.1 Entrances for Top MBA Maharshtra Colleges
- Private MBA Colleges-Maharashtra
- Best Government MBA Colleges in Maharashtra
- 6.1 Best MBA Colleges-Pune
- 6.2 Best MBA Colleges-Mumbai
- 6.3 Best MBA Colleges-Nagpur
- Distance MBA Colleges in Maharashtra
- Online MBA Colleges- Maharashtra
- Fees VS Salary
- Placements and Top Recruiters
- Affordable MBA Colleges in Maharashtra (Low-cost)
- Top MBA 
Around 470+ private, 30+ government, & 15+ public-private MBA colleges in Maharashtra sum up to around 760+ colleges in Maharashtra for the MBA course. You can choose from MAH CET, CAT, CMAT, MAT, MAT, XAT, etc., which are accepted by the different MBA Colleges in Maharashtra.
- Best Colleges in Maharashtra for MBA
- NIRF Ranking of MBA Colleges in Maharashtra
- General Eligibility
- Entrance Exams Schedule
- 4.1 Entrances for Top MBA Maharshtra Colleges
- Private MBA Colleges-Maharashtra
- Best Government MBA Colleges in Maharashtra
- 6.1 Best MBA Colleges-Pune
- 6.2 Best MBA Colleges-Mumbai
- 6.3 Best MBA Colleges-Nagpur
- Distance MBA Colleges in Maharashtra
- Online MBA Colleges- Maharashtra
- Fees VS Salary
- Placements and Top Recruiters
- Affordable MBA Colleges in Maharashtra (Low-cost)
- Top MBA Specialisations
- Cutoff of MBA Colleges in Maharashtra
- Comparison among MBA Colleges in Maharashtra
Best Colleges in Maharashtra for MBA
Some highlights about the colleges offering MBA in Maharashtra:
| Parameters | Details |
|---|---|
| Number of MBA Colleges |
760+ colleges |
| Annual Fees |
Free: 1 college Less than INR 1 Lakh: 60+ colleges INR 1-2 Lakh: 230+ colleges INR 2-3 Lakh: 85+ colleges INR 3-5 Lakh: 65+ colleges More than INR 5 Lakh: 180+ colleges |
| Top Specialisations |
Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, etc. |
| Top Colleges |
Symbiosis Institute of Business Management, IIM Mumbai, S.P. Jain Institute of Management and Research, NMIMS, Mumbai, IIM Nagpur, K J Somaiya Institute of Management, Prin. L. N. Welingkar Institute of Management Development, etc. |
| Accepted Entrance Exams |
MAH CET, CAT, CMAT, MAT, MAT, XAT, etc. |
Information Source: Multiple external/ official sites, may vary.
NIRF Ranking of MBA Colleges in Maharashtra
The 2022-2024 NIRF ranking of MBA Colleges in Maharashtra:
| College Names |
NIRF 2022 |
NIRF 2023 |
NIRF 2024 |
|---|---|---|---|
| 17 |
17 |
13 | |
| 21 |
20 |
20 | |
| 25 |
21 |
21 | |
| 43 |
43 |
31 | |
| 71 |
45 |
63 | |
| 68 |
73 |
84 |
Information Source: Multiple external/ official sites, may vary.
Read More: MBA Courses
General Eligibility
- Get bachelor's degree in any discipline with a minimum of 50% score.
- Must make sure to meet the minimum cutoff scores set by the respective colleges.
Information Source: Multiple external/ official sites, may vary.
Entrance Exams Schedule
The dates, schedules, and syllabi of the top MBA colleges in Maharashtra:
| Exam Name |
Exam Date |
Exam Schedule |
Exam Syllabus |
|---|---|---|---|
| April 2026 (Tentative) |
|||
| 30 November 2025 (Tentative) |
|||
| August 2025 (Tentative) |
|||
| January 2026 (Tentative) |
|||
| January 2026 (Tentative) |
|||
| December, 2025 |
Information Source: Multiple external/ official sites, may vary.
Read More About Entrance Exam Accepting Colleges:
- MBA Colleges Accepting CAT
- MBA Colleges Accepting TANCET MBA
- MBA Colleges Accepting XAT
- MBA Colleges Accepting MAT
Entrances for Top MBA Maharshtra Colleges
Various entrances along with the colleges accepting their scores are:
| Entrance Exams |
Number of Colleges |
College Predictor |
|---|---|---|
| MAH CET |
580+ colleges | |
| CAT |
420+ colleges | |
| CMAT |
400+ colleges | |
| MAT |
390+ colleges | |
| XAT |
390+ colleges | |
| ATMA |
360+ colleges |
Information Source: Multiple external/ official sites, may vary.
- Refer Q&A for Verbal Ability and Q&A for Quantitative Aptitude.
- Click to practice Q&A for Data Interpretation and Logical Reasoning
- Free Online CAT Mock Test Series
- Download CAT Previous Years Question Papers
- Free Online CMAT Mock Test Series
- Free Online MAT Mock Test Series
Private MBA Colleges-Maharashtra
The top private MBA colleges in Maharashtra are:
| College Name | Average Course Fees | Eligibility/ Exams |
|---|---|---|
| INR 17.2 Lakh - INR 24.2 Lakh |
MAH CET, SNAP |
|
| S.P. Jain Institute of Management and Research, Mumbai Admission |
INR 14.5 Lakh - INR 24 Lakh |
CAT, GMAT |
| INR 10 Lakh |
MAH CET, NMAT |
|
| K J Somaiya Institute of Management Admission | INR 13.48 Lakh - INR 21.34 Lakh |
MAT, CAT, CUET, XAT, ATMA, PERA CET |
| Prin. L. N. Welingkar Institute of Management Development and Research Admission | INR 94,400 - INR 14 Lakh |
CAT, XAT, CMAT, ATMA |
Information Source: Multiple external/ official sites, may vary.
READ MORE: MBA Syllabus
Best Government MBA Colleges in Maharashtra
Some of the top government MBA colleges in Maharashtra are:
| College Name | Average Course Fees | Eligibility/ Exams |
|---|---|---|
| INR 14 Lakh |
CAT |
|
| INR 20 Lakh |
CAT |
|
| Department of Management Sciences, Pune University Admission |
INR 1.29 Lakh - INR 1.52 Lakh |
MAH CET, MAT, CAT, XAT, CMAT, ATMA, GMAT |
| INR 2.69 Lakh - INR 20 Lakh | MAH CET, CAT, JEE Main, JEE Advanced |
|
| INR 3.98 Lakh | MAH CET, MAT, CAT, XAT, ATMA |
Information Source: Multiple external/ official sites, may vary.
Best MBA Colleges-Pune
Some of the best MBA colleges in Pune are listed in the table below, along with their NIRF rank and average course fees.
| College Name | NIRF Ranking (2025) | Average Course Fees |
|---|---|---|
| SIBM Pune | 13 | INR 16 Lakh - INR 22 Lakh |
| National Institute of Bank Management | 91 | INR 14 Lakh |
| Pune Institute of Business Management | 101-125 | INR 7 Lakh - INR 30 Lakh |
| National Insurance Academy | 101-125 | INR 9 Lakh |
Information Source: Multiple external/ official sites, may vary.
Best MBA Colleges-Nagpur
Some of the best MBA colleges in Nagpur are listed in the table below, along with their NIRF rank and average course fees.
| College Name | NIRF Ranking (2025) | Average Course Fees |
|---|---|---|
| IIM Nagpur | 31 | INR 18 Lakh |
| IMT Nagpur | 101-125 | INR 14 Lakh |
| SIBM Nagpur | NA | INR 10 Lakh - INR 16 Lakh |
| NA | INR 2 Lakh |
Information Source: Multiple external/ official sites, may vary.
Refer to links below:
- Best Pune MBA Colleges
- Best Mumbai MBA Colleges
- Best Nagpur MBA Colleges
- Best Nashik MBA Colleges
- Best Ahmednagar MBA Colleges
- Best Aurangabad MBA Colleges
- Best Kolhapur MBA Colleges
- Best Thane MBA Colleges
Distance MBA Colleges in Maharashtra
Some of the best distance MBA colleges in Maharashtra are:
| College Name | Average Course Fees |
|---|---|
| Symbiosis Centre for Distance Learning | INR 50,000 |
| Institute of Distance and Open Learning, University of Mumbai | INR 19,000 - INR 1 Lakh |
| IIBMS | INR 41,000 - INR 51,000 |
| Yashwantrao Chavan Maharashtra Open University | INR 33,000 |
| MIT School of Distance Education, MAEER | INR 65,000 - INR 9 Lakh |
Information Source: Multiple external/ official sites, may vary.
Online MBA Colleges- Maharashtra
The best online MBA colleges in Maharashtra are:
| College Name | Average Course Fees |
|---|---|
| SPJIMR Mumbai | INR 10 Lakh |
| Welingkar Mumbai | INR 61,000 - INR 1 Lakh |
| Pune Institute of Business Management | INR 3 Lakh |
| National Insurance Academy- NIA | INR 11 Lakh |
| Amity University Online | INR 2 Lakh - INR 3 Lakh |
Information Source: Multiple external/ official sites, may vary.
Fees VS Salary
Comparison of the average fees and placement salaries of top MBA colleges in Maharashtra:
| College Names |
Average Course Fees |
Average Salary Package |
|---|---|---|
| INR 15 Lakh – INR 24 Lakh |
INR 22.8 LPA – INR 31 LPA |
|
| INR 2.69 Lakh - INR 20 Lakh |
INR 26.64 LPA |
|
| INR 17.2 Lakh - INR 24.2 Lakh |
INR 25 LPA |
|
| BITS School of Management MBA | INR 24.5 Lakh | INR 23 LPA |
| Symbiosis Centre for Management & Human Resource Development MBA | INR 14.12 Lakh - INR 24.2 Lakh | INR 22.8 LPA |
Information Source: Multiple external/ official sites, may vary.
Placements and Top Recruiters
Refer to the table below for some details about the average salary and top recruiting companies that hire students from the best Maharashtra MBA colleges.
| College Name |
Average Salary Package |
Top Recruiters |
|---|---|---|
| INR 7 LPA - INR 19 LPA |
American Express, Axis Bank, EY, ITC, Wipro, etc. |
|
| INR 24 LPA |
Fullerton, Kroll, Luminous, Aditya Birla Capital, EY, PwC, etc. |
|
| INR 21 LPA – INR 31 LPA |
Capgemini, Coca-Cola, KPMG, Britannia, etc. |
|
| INR 25 LPA – INR 30 LPA |
Asian Paints, Godrej, HUL, Nestle, Castrol, etc. |
|
| INR 19 LPA |
Accenture, Adobe, Infosys, EY, etc. |
Information Source: Multiple external/ official sites, may vary.
Affordable MBA Colleges in Maharashtra (Low-cost)
| College Name | Average Course Fees |
|---|---|
| Welingkar Mumbai | INR 94,000 |
| Indira Institute of Management | INR 30,000 |
| Abasaheb Garware Institute of Management Studies | INR 91,000 |
| Punyashlok Ahilyadevi Holkar Solapur University | INR 88,000 |
| Dr. Babasaheb Ambedkar Marathwada University | INR 20,000 - INR 90,000 |
Information Source: Multiple external/ official sites, may vary.
Top MBA Specialisations
Some popular specializations at the top MBA colleges in Maharashtra are:
| Top Specialisations |
Number of Colleges |
|---|---|
| Sales & Marketing |
260+ colleges |
| Finance |
270+ colleges |
| Human Resources |
240+ colleges |
| Operations |
170+ colleges |
| IT & Systems |
120+ colleges |
| International Business |
100+ colleges |
Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
Commonly asked questions On Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
There are about 700+ best MBA colleges in Maharashtra. Among these, 473 colleges are privately owned, 37 colleges are owned by public/government organisations and public-private entities own 20 MBA colleges. CAT, CMAT, MAH CET, MAT, XAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Maharashtra. NMIMS School of Business Management, Symbiosis Institute of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, etc. are some of the popular MBA colleges in Maharashtra.
Listed below are some of the colleges along with their NIRF ranking of past three years from 2022 to 2024:
College Names | NIRF 2022 | NIRF 2023 | NIRF 2024 |
|---|---|---|---|
17 | 17 | 13 | |
21 | 20 | 20 | |
25 | 21 | 21 | |
43 | 43 | 31 | |
71 | 45 | 63 | |
68 | 73 | 84 |
Hope this answers your query!!
Joining MBA colleges in Maharashtra can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
NMIMS School of Business Management MBA | INR 8 lakh – INR 24 lakh | INR 7 LPA - INR 19 LPA |
SIBM Pune MBA | INR 24 lakh | INR 24 LPA |
IIM Mumbai (formerly known as NITIE) MBA | INR 14 lakh | INR 21 LPA – INR 31 LPA |
SPJIMR MBA | INR 15 lakh – INR 24 lakh | INR 3 LPA – INR 32 LPA |
NMIMS Mumbai MBA | INR 10 lakh | INR 19 LPA |
Hope this information proves beneficial for you!!
Commonly asked questions On Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
It is estimated that joining MBA colleges in Maharashtra might be affordable as most of the colleges have their total tuition fee ranging between INR 1-2 lakh. Some of the college's name include Marathwada Institute of Management and Research, SKN Sinhgad School of Business Management, Tirpude Institute of Management Education, Godavari Institute Of Management & Research, etc.
Listed below are some of the affordable MBA colleges in Maharashtra that have tuition fees of less than INR 1 lakh:
| Low-cost Colleges | Total Tuition Fee |
|---|---|
| Welingkar Mumbai | INR 94,000 |
| Indira Institute of Management | INR 30,000 |
| Abasaheb Garware Institute of Management Studies | INR 91,000 |
| Punyashlok Ahilyadevi Holkar Solapur University | INR 88,000 |
| Dr. Babasaheb Ambedkar Marathwada University | INR 20,000 - INR 90,000 |
There are about 70 top Online MBA colleges in Maharashtra. Some of them are mentioned below along with their tuition fees:
| Online MBA Colleges | Tuition Fee |
|---|---|
| SPJIMR Mumbai | INR 10 lakh |
| Welingkar Mumbai | INR 61,000 - INR 1 lakh |
| Pune Institute of Business Management | INR 3 lakh |
| National Insurance Academy- NIA | INR 11 lakh |
| Amity University Online | INR 2 Lacs - INR 3 lakh |
The different admission tests that leading MBA colleges in Maharashtra accept are listed here, along with a cutoff prediction and the number of universities that accept each exam:
Exams | Number of Colleges | Cut off Predictor |
|---|---|---|
MAH CET | 621 | |
CAT | 424 | |
CMAT | 406 | |
XAT | 390 | |
MAT | 390 | |
ATMA | 364 |
Commonly asked questions On Best MBA Colleges in Maharashtra: Ranking 2025, Fees, Placements, Admission, Exams
The table below shows the distance MBA colleges in Maharashtra along with their total tuition costs:
| Distance MBA Colleges | Total Tuition Fee |
|---|---|
| Symbiosis Centre for Distance Learning | INR 50,000 |
| Institute of Distance and Open Learning, University of Mumbai | INR 19,000 - INR 1 lakh |
| IIBMS | INR 41,000 - INR 51,000 |
| Yashwantrao Chavan Maharashtra Open University | INR 33,000 |
| MIT School of Distance Education, MAEER | INR 65,000 - INR 9 lakh |
MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required.
Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.
Yes, Symbiosis Institute of Business Management is definitely a good option for pursuing an MBA degree.SIBM Pune is a constituent of Symbiosis International (Deemed University) which is accredited with A ++ Grade by NAAC. Symbiosis Institute of Business Management Pune was established in 1978 and is a member of EFMD & EFMD Global network. The institute has been ranked 13 under the Management category by the NIRF 2024.
- Colleges in Maharashtra
- Colleges in India
- Colleges in Mumbai (All)
- Top MBA Colleges in Maharashtra 2025
- Top Private MBA Colleges in India 2025
- Top IIMs in India 2025
- Top MBA Colleges in Kerala 2025
- Top MBA Colleges in Karnataka 2025
- MBA Colleges accepting CAT in India
- MBA Colleges accepting MAT in India
- MBA Colleges accepting SNAP in India
- MBA Colleges accepting XAT in India