MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements

There are about 270+ MBA in Finance colleges in Maharashtra. Of these, 206 colleges are privately owned, 12 colleges are owned by public/government organisations, and public-private entities own 3 MBA colleges. CAT, CMAT, MAT, XAT, MAH CET, etc. are some of the most accepting entrance exams in top MBA in Finance colleges in Maharashtra. NMIMS Mumbai, SIBM Pune, SPJIMR, KJ Somaiya Institute of Management, IIM Nagpur, Welingkar Mumbai, National Institute of Bank Management, Pune Institute of Business Management, National Insurance Academy, Institute of Management and Entrepreneurship Development, etc. are some of the popular MBA colleges in Maharashtra for Finance.

SIBM Pune emerged as the No. 1 MBA in Finance college in Maharashtra followed by other colleges. Listed below are some colleges along with their NIRF rankings of past three years, i.e. from 2022 to 2024:

College Names	NIRF 2022	NIRF 2023	NIRF 2024
Symbiosis Institute of Business Management	17	17	13
S. P. Jain Institute of Management & Research	21	20	20
NMIMS School of Business Management Mumbai	25	21	21
Indian Institute of Management, Nagpur	43	43	31
K.J.Somaiya Institute of Management	71	45	63

It is estimated that joining the top MBA in Finance colleges in Maharashtra might be expensive as most have tuition fees of more than INR 5 lakh. However, there are some affordable colleges having tuition fees of less than INR 1 lakh which are mentioned below:

Low-cost Colleges	Tuition Fee
IndSearch Institute of Management Studies and Research, Law College Road Campus	INR 40,000
Dhole Patil College of Engineering	INR 61,000
Shri Shivaji Maratha Society’s Institute of Management & Research	INR 70,000
Punyashlok Ahilyadevi Holkar Solapur University	INR 88,000
Unique Institute of Management (UIM, Pune)	INR 70,000

Joining the top MBA in Finance colleges in Maharashtra can be worthwhile for you. For that, you need to check its ROI. Listed below are some colleges along with their tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
SIBM Pune MBA	INR 24 lakh	INR 24 LPA
SPJIMR	INR 15 lakh – INR 24 lakh	INR 29 LPA – INR 32 LPA
IIM Nagpur MBA	INR 19 lakh	INR 17 LPA
Welingkar Mumbai MBA	INR 14 lakh	INR 9 LPA
National Institute of Bank Management MBA	INR 14 lakh	INR 11 LPA

SIBM Pune admission to full-time MBA and MBA in Innovation and Entrepreneurship course is based on SNAP scores 2024. As per last year's trends, SNAP cut off for SIBM Pune must be around 98.5 percentile. SNAP is to be conducted in three phases, first on Dec 10, second on Dec 17 and third on Dec 22. SIBM Pune offers admission to MBA and MBA (I & E) courses on the basis of valid SNAP scores, followed by a GE and PI round. SNAP 2023 Results are expected to be out on Jan 10. For more information regarding SIBM Pune cutoff, click here.

SPJIMR offered the highest placement package ranging between INR 29 LPA – INR 32 LPA, while National Institute of Bank Management offered the lowest placement package of INR 11 LPA.

The table below shows the top MBA in Finance colleges in Maharashtra along with their placement package offered to their graduates:

College Names	Annual Average Package	Top Recruiters
SIBM Pune Placements	INR 24 LPA	Fullerton, Kroll, Luminous, Aditya Birla Capital, EY, PwC, etc.
SPJIMR Placements	INR 29 LPA – INR 32 LPA	Asian Paints, Godrej, HUL, Nestle, Castrol, etc.
IIM Nagpur Placements	INR 17 LPA	Adani Group, TATA ELXSI, Nucleus Software, etc.
Welingkar Mumbai Placements	INR 9 LPA	Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.
National Institute of Bank Management Placements	INR 11 LPA	HDFC, Yes, PwC, EY, Tata Capital, etc.

The following is a list of the general requirements for admission to the top universities in Maharashtra for MBA programs in finance:

• A bachelor's degree or an equivalent credential in any field from an accredited college or institution is required of candidates, with a minimum cumulative GPA of 50%.
• Maharashtra has a large number of finance colleges that take into account the results of national admission exams such the MAH CET, MAT, XAT, CAT, CMAT, etc. It is necessary for candidates to achieve the minimum cutoff scores that each college has established.

In the final year of graduation, preparation for an MBA begins. The majority of management aspirants begin their preparation as soon as they begin their third year of their bachelor's degree programme because it takes months to properly prepare for MBA entrance exams. However, there are a lot of challenges in preparing for an MBA entrance exam, including the lengthy syllabus, the difficulty of the questions, and the degree of competition. 

Here are some suggestions to help you study for your MBA entrance exams:

• Study the fundamental grammatical and writing principles for the verbal segment to become familiar with the language's structure.
• To hone their quantitative abilities, students should complete a lot of practice exams and sample papers.
  Create a schedule and follow it
• Students should not overstress themselves and should get enough rest.

Getting admission into SP Jain PGDM programme requires candidates to follow some steps.

• The first step is to register for the PGDM programme by paying an application fee of INR 2,000.
• Second step is evaluation of entrance exam score. Candidates need to qualify CAT/ GMAT for admission to PGDM. Selected candidates are further called for a personal interview round. Candidates can check out CAT preparation tips to score well in exam. 
• The final selection is based on academic performance, work experience, entrance exam score of the candidates.

Aspirants completing all the steps can get into PGDM programme of SPJIMR. The institute follows a simple process of offering admission. However, aspirants must score decent to get admission.

Pune Institute of Business Management has the highest total tuition fee ranging INR 8 Lacs – INR 30 lakh, while Punyashlok Ahilyadevi Holkar Solapur University has the lowest total tuition fee of INR 88,000.

The table below shows the top 10 MBA in Finance colleges in Maharashtra along with their total tuition fee.

Private Colleges	Total Tuition Fee
NMIMS School of Business Management, Mumbai Admission	INR 12 lakh
Symbiosis Institute of Business Management Admission	INR 22 lakh
SPJIMR Admission	INR 20 Lacs – INR 22 lakh
Welingkar Mumbai Admission	INR 14 lakh
Pune Institute of Business Management Admission	INR 8 Lacs – INR 30 lakh
IIM Nagpur Admission	INR 19 lakh
Shailesh J. Mehta School of Management, IIT Bombay Admission	INR 20 lakh
SPJIMR0 Institute Limited, Mumbai Admission	INR 4 Lacs – INR 7 lakh
Punyashlok Ahilyadevi Holkar Solapur University Admission	INR 88,000
Department of Management Sciences, Pune University Admission	INR 1 lakh

It is possible to pursue an MBA without taking any entrance exam. Some direct admission eligibility criteria to help you be accepted into MBA programs.

• Score at least 50%-65% aggregate in graduation.
• For the reserved category, there is relaxation.

To study the syllabus for MAH CET MBA/MMS, candidates must choose the right reference books. Although the CAT preparation books are common study material for all MBA entrance exams in India including MAH CET, candidates must refer to exam specific books to know the nuances of the exam. Books for MAH MBA CET are available in the market and they include sample questions of various difficult levels for practice. Candidates planning to appear for MAH MBA CET must refer to the books specific to the exam. Given below is the list of best books for MAH CET MBA preparation:

Book Name	Authors/Publishers Name
MAH CET (MBA/ MMS) Entrance Guide	Odisha Publications
50+ Solve Papers	Arihant
Mathematics for MBA Entrance Exams	RS Agarwal
Verbal Ability and Reading Comprehension	TIME
Maharashtra MBA CET	Arihant Publications

The total number of seats allocated to the MBA course at IIM Nagpur is 280. To get a seat in this programme, applicants must have a bachelor's degree with a minimum of 50% aggregate (5% relaxation for reserved category candidates) in any discipline from a recognised university. Further, the selection process is based on CAT, Written Ability Test (WAT), Group Discussion & Personal Interview, Academic Merit, Gender Diversity & Work Experience.

As per the details available on the official website and the latest admission brochure, MBA admissions at KJ Somaiya Institute of Management (KJSIM) are completely based on the merit of students in their UG degree along with their performance in the national/ state/ university-level entrance exam. Similar is the case for MCA and PhD admission, students who meet the eligibility criteria of having completed their UG and PG degrees, respectively, with a valid score in national/ state/ university-level entrance exams can secure admission. However, students are advised to reach out to the admission office to confirm the same.

Listed below are some of the top MBA in Finance colleges in India with a fee range of INR 3-5 Lacs -

Top Colleges	Tuition Fee
Delhi School of Management, DTU	INR 3.12 lakh
SIMTS Chennai	INR 3 lakh
Guru Gobind Singh Indraprastha University	INR 3.7 lakh
NIT Calicut - National Institute of Technology	INR 3 lakh
SoM, Pandit Deendayal Energy University (PDEU)	INR 3.2 lakh

Source: Official site and may vary.

Lovely Professional University has a strong record of placements for courses like BTech, BBA, BCA, BArch, MBA, MCA, etc. Currently, the highest international package offered during LPU placements in 2025 was INR 2.5 crore per annum, whereas the highest domestic package offered stood at INR 1 crore per annum. The LPU average package offered to the top 25% students of the batch 2025 was INR 10.23 LPA. The key highlights of LPU placements for the Class of 2023, 2024 and 2025 are tabulated below:

Particulars	Placement Statistics (2023)	Placement Statistics (2024)	Placement Statistics (2025)
Highest package	INR 54.75 LPA	INR 53 LPA	INR 250 LPA (International) INR 100 LPA (Domestic)
Average package	INR 7 LPA (MBA, BTech CSE)	INR 7.80 (MBA) INR 7.92 LPA (BTech CSE)	INR 10.23 LPA (top 25%)
Total recruiters	1,107	1,611	2,225+
Total offers	5,500+	7,443	6,000+

The major highlights of IMT Ghaziabad PGDM placements 2025 are mentioned below:

Particulars	PGDM Placement Statistics 2026
Highest package	INR 35 LPA
Average package	INR 18.89 LPA
Median package	INR 17.56 LPA
Total recruiters	110

Placement Scenerio in the Top MBA Finance colleges are very strong as Finance MBA is the most sought after specialisation in MBA. For example: IIMs, XLRI, ISB, SPJIMR offer packages ranging from INR 15 LPA to INR 50 LPA in finance roles. Common job roles include: Investment Banker, Financial Analyst, Risk Manager, Corporate Finance Manager, Portfolio Manager. 
Some colleges even provide international placement opportunities to the students. So, if you choose the right college and perform well, placement opportunities are excellent after MBA in Finance.

Eligible applicants for the institute's flagship PGDM programme must submit an online application on the institutes official website with a valid score on the recognised entrance tests. Candidates are shortlisted from the list of applications for selection stages like PIQ and PI, and their academic background is also taken into account. Welingkar Mumbai makes admission offers to applicants who make the merit list after calculating a Total Composite Score Merit for each applicant based on all selection criteria. Aside from PGDM, admission to executive programmes is based on an interview, and for part-time programmes, the institute may also need a written exam, group discussions, and an individual interview.

Candidates can refer to the following table for a comparison between both the institutes based on fee and ranking:

Given below is the comparison between IMT lcated in Nagpur and Hyderabad for their MBA/ PGDM courses on the basis of parameters including, NIRF ranking under the Management category and tuition fee:

Institute Name	NIRF Ranking '23	Tuition Fees	Average Package
IMT Nagpur	101-1012	INR 13.8 lakh	INR 10.81 LPA
IMT Hyderabad	84	INR 13.8 lakh	INR 12 LPA

NOTE: The above-mentioned fees are taken from an unofficial source. Hence, are indicative.

Try to apply online by filling out application form before deadline and paying application fee. A valid CAT/GMAT score is also must for initial shortlisting in NIBM Pune PGDM.

Yes, IMED, Pune is an excellent college for pursuing an MBA with tuition fees of 4,50,000. In terms of placement, its ROI is very good. The average placement is 7.5 Lacs, the highest domestic package is 18 Lacs and the highest international package is 54 Lacs. If we talk about the faculty members and staff then they are very supportive. I definitely recommend this college for pursuing MBA.

The highest package offered during FLAME University Pune placements 2026 stood at INR 19 LPA. The course-wise highest package offered during FLAME University placements between 2025 and 2026 is tabulated below:

Course	Placement Statistics (2025)	Placement Statistics (2026)
MBA	INR 15.25 LPA	INR 19 LPA
MBA  (Communications Management)	INR 8.64 LPA	INR 10.7 LPA

The highest salary package offered in Symbiosis Institute of Business Management is 26 Lacs per annum, and the average salary package offered here is between 8 Lacs per annum - 9 Lacs per annum.

Whereas, the highest salary package offered in Nagpur Institute of Technology is 4.5 Lacs per annum. The average salary package offered is 3.5 Lacs per annum.

So as per this data, I think Symbiosis Institute of Business Management is a better and right choice since it offers the highest number of packages for MBA.

According to the comparison of B-Schools, these both colleges are good in their prospectus.

SSBF Pune - In 2023, the highest salary package offerrd was 19.59 LPA and average package offered was 10.56 LPA.

SIBM Hyderabad - In 2023, the highest package offered was 15 LPA and average package offered was 8.90 LPA.

The Universal AI University MBA programme has the following admission criteria:

Any candidate with 50% in their bachelor's degree from a recognised University is eligible for admission. The reserved category candidates may require at least 45% of the marks. Notably, CAT, XAT, MAT and GMAT (with a score of 500 or above), or its own test is compulsory, and the percentile standard range of the minimum cut-off is set at roughly 70- 75.

The PGDM course of VBS has been ranked by various prominent ranking bodies over the years. In 2025, the school is ranked in the Mid-Day B-School survey, TOI B-School Survey, and IIRF B-School Ranking.

The ranking trend over the past three years based on the rankings provided by Times and Business Today is presented below:

Publisher	2022	2023	2024
Times	82	72	78
Business Today	172	159	144

Conclusion:

• Times Ranking - The institute has maintained a decent ranking with a slight fluctuation over the last three years.
• Business Today Ranking - The ranking shows an improving trend over the past three years.

IIEBM Pune offers a PGDM course, which is equivalent to an MBA. The institute offers PGDM course in different specialisations. Candidates should check the eligibility and selection criteria before registration. 

The average salary package received by students after completing MBA/PGDM from IIEBM - Indus Business School is INR 750,000. While, the average salary offered by Indira School of Business Studies - ISBS after completion of MBA/PGDM is INR 475,000 - INR 520,000. Basis these stats, IIEBM - Indus Business School is a better option compared to Indira School of Business Studies - ISBS on the average salary parameter.