Which is the No. 1 MBA in Finance college in Maharashtra?

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

What are the affordable colleges in Mumbai that offer MBA in Finance?

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

Is it worth doing an MBA in Finance from Maharashtra?

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

What are the best MBA in Finance colleges in Maharashtra with good placements?

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.

What is the eligibility criteria to get admission to top MBA in Finance colleges in Maharashtra?

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.

When should I start preparing for MBA entrance exam?

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.

Which are the top 10 MBA colleges in Maharashtra for doing MBA in finance?

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

Can I do MBA without giving any entrance exam?

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.

Which are the best books for MAH MBA CET?

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

What are the top MBA in Finance colleges in India with fee range of INR 3-5 lakh?

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.

Does LPU have 100% placements?

Lovely Professional University has a strong record of placements for courses like BTech, BBA, BCA, BArch, MBA, MCA, etc. Currently, the highest package offered during LPU placements in 2025 was INR 49.4 LPA. 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 49.4 LPA 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+

What is the actual placement scenario at IMT Ghaziabad?

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

I want to do MBA in finance field after graduation. Which course is better for graduation?

An MBA in Finance uses a lot of math, statistics and economics. If you want a career in this field you should get good at math and data analysis and also learn how to use analytical software. For your college degree right now, BA Economics Honors is a good choice but studying BSc Statistics will give an even bigger boost to your career.

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

Q: How many MBA in Finance colleges are there in Maharashtra?

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.

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.

Table of Contents

MBA in Finance Colleges in Maharashtra: Highlights 2024
MBA in Finance Colleges in Maharashtra with NIRF Ranking 2024
MBA in Finance Colleges in Maharashtra: Admissions 2024
MBA in Finance C

Table of Contents

MBA in Finance Colleges in Maharashtra: Highlights 2024
MBA in Finance Colleges in Maharashtra with NIRF Ranking 2024
MBA in Finance Colleges in Maharashtra: Admissions 2024
MBA in Finance Colleges in Maharashtra: Exam Schedule 2024-25
- 4.1 What are the entrance exams accepted by Best MBA in Finance Colleges in Maharashtra?
Private MBA in Finance Colleges in Maharashtra
Govt. MBA in Finance Colleges in Maharashtra
Region-wise MBA in Finance Colleges in Maharashtra
- 7.1 MBA in Finance Colleges in Pune
- 7.2 MBA in Finance Colleges in Mumbai
- 7.3 MBA in Finance Colleges in Nagpur
MBA in Finance Colleges in Maharashtra: Fees Vs Salary
Highest Salary Offered by MBA in Finance Colleges in Maharashtra
Low-cost MBA in Finance Colleges in Maharashtra
MBA in Finance Colleges in Maharashtra: Comparison

MBA in Finance Colleges in Maharashtra: Highlights 2024

MBA in Finance is becoming one of the most popular management degrees nowadays. MBA in Finance is a two-year postgraduate programme that offers vast career opportunities after course completion. MBA in Finance is offered by all top MBA institutes in India either as a specialisation or elective course in the second year of the degree programme. MBA in Finance requires a strong background in Mathematics and Accounting. Further, to be eligible for the MBA in Finance admission, candidates must make sure to have a minimum of 50 per cent aggregate or equivalent CGPA in a bachelor's degree from a recognised university.

The key highlights related to the best colleges for MBA in Finance in Maharashtra are mentioned below:

Parameters	Particulars/Statistics
Number of MBA Colleges	270+
Annual Fees	INR INR 1-2 lakh: 76 colleges INR 2-3 lakh: 33 colleges INR 3-5 lakh: 37 colleges INR > 5 lakh: 96 colleges
Top Specialisations	Finance
Accepted Entrance Exams	CAT, XAT, CMAT, MAT, MAH CET, etc.

Predict your chances here: MBA Cutoff 2024 Predictor

MBA in Finance Colleges in Maharashtra with NIRF Ranking 2024

National Institutional Ranking Framework is a ranking methodology adopted by the Ministry of Education, Government of India, to rank institutions of higher education in India. The framework was approved by the erstwhile Ministry of Human Resource Development and launched by the Minister on 29 September 2015.

The table below shows the MBA Finance colleges in Maharashtra along with NIRF rankings for 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

READ MORE: MBA Courses

MBA in Finance Colleges in Maharashtra: Admissions 2024

The general eligibility criteria to get MBA admission in best colleges for MBA in Finance in Maharashtra are listed below:

Candidates should have a bachelor's degree or an equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
Many Finance colleges in Maharashtra consider scores from national-level entrance exams such as MAH CET, MAT, XAT, CAT, CMAT, etc. Candidates are required to meet the minimum cutoff scores set by the respective colleges.

Are you preparing for CAT, CMAT and MAT?

MBA in Finance Colleges in Maharashtra: Exam Schedule 2024-25

The two most popular entrance exams accepted in top best colleges for MBA in Finance in Maharashtra are:

MAH CET: Maharashtra Common Entrance Test or MAH CET is a management entrance test. Officially known as MAH MBA/MMS-CET, the exam is conducted by the State Common Entrance Test Cell, Maharashtra, for admission to management courses in various institutes in the state of Maharashtra.
XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the tougher MBA entrance exams among its peers, XAT requires dedicated time and effort.
CAT: Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBAcourses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning and Quantitative Aptitude.

Listed below are the following admission dates for MBA Finance colleges in Maharashtra:

Exam Name	Dates	Schedule
MAH MBA CET 2024 Exam	closed for 2024	MAH CET Schedule
CAT 2024 Exam	24 Nov '24	CAT Schedule
XAT 2025 Exam	5 Jan '25	XAT Schedule

What are the entrance exams accepted by Best MBA in Finance Colleges in Maharashtra?

Listed below are the various entrance exams accepted by best Finance MBA colleges in Maharashtra along with their number of colleges and cut off predictor:

Exams	Number of Colleges	Cutoff Predictor
CAT	203	CAT 2024 Predictor
CMAT	189	CMAT 2024 Predictor
MAT	182	MAT 2024 Predictor
XAT	182	XAT 2024 Predictor
MAH CET	221	MAH CET 2024 Predictor
ATMA	160	ATMA 2024 Predictor

Read more about CAT, XAT, and MAT accepting colleges:

Private MBA in Finance Colleges in Maharashtra

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

Private Colleges	Total Tuition Fee
NMIMS School of Business Management, Mumbai Admission	INR 25 lakh
Symbiosis Institute of Business Management Admission	INR 24 lakh
SPJIMR Admission	INR 15 lakh – INR 24 lakh
Welingkar Mumbai Admission	INR 14 lakh
Pune Institute of Business Management Admission	INR 8 lakh – INR 50 lakh

Govt. MBA in Finance Colleges in Maharashtra

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

Public/Government Colleges	Total Tuition Fee
IIM Nagpur Admission	INR 19 lakh
Shailesh J. Mehta School of Management, IIT Bombay Admission	INR 20 lakh
BSE Institute Limited, Mumbai Admission	INR 4 lakh – INR 7 lakh
Punyashlok Ahilyadevi Holkar Solapur University Admission	INR 88,000
Department of Management Sciences, Pune University Admission	INR 1 lakh

Region-wise MBA in Finance Colleges in Maharashtra

Listed below are the state-wise distribution of MBA Finance colleges Maharashtra.

MBA in Finance Colleges in Pune

The table below shows the top MBA in Finance colleges in Pune along with their NIRF ranking (2024) and total tuition fee:

College Name	NIRF Ranking (2024)	Total Tuition Fee
SIBM Pune	13	INR 22 lakh
National Institute of Bank Management	91	INR 14 lakh
Pune Institute of Business Management	101-125	INR 8 lakh – INR 30 lakh
National Insurance Academy	101-125	INR 9 lakh

MBA in Finance Colleges in Mumbai

The table below shows the top MBA in Finance colleges in Mumbai along with their NIRF ranking (2024) and total tuition fee:

College Name	NIRF Ranking (2024)	Total Tuition Fee
NMIMS School of Business Management	21	INR 12 lakh
SPJIMR	20	INR 22 lakh
Welingkar Mumbai	84	INR 14 lakh
Jamnalal Bajaj Institute of Management Studies	NA	INR 6 lakh

MBA in Finance Colleges in Nagpur

The table below shows the top MBA in Finance colleges in Nagpur along with their NIRF ranking (2024) and total tuition fee:

College Name	NIRF Ranking (2024)	Total Tuition Fee
IMT Nagpur	101-125	INR 14 lakh
IIM Nagpur	31	INR 19 lakh
Central Institute of Business Management Research and Development	NA	INR 2 lakh
SIBM Nagpur	NA	INR 16 lakh

To learn more about MBA in Finance colleges in other locations, click on the below link:

MBA in Finance Colleges in Maharashtra: Fees Vs Salary

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.

Listed below are the Finance MBA colleges in Maharashtra along with their total tuition fee and annual average 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

READ MORE: MBA in Finance Career scope

Highest Salary Offered by MBA in Finance Colleges in Maharashtra

The table below shows the average placement package offered by top recruiters who participated in top MBA in Finance colleges in Maharashtra:

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.

Low-cost MBA in Finance Colleges in Maharashtra

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