MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
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.
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.
- 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 |
|
| Accepted Entrance Exams |
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 |
|---|---|---|---|
| 17 |
17 |
13 | |
| 21 |
20 |
20 | |
| 25 |
21 |
21 | |
| 43 |
43 |
31 | |
| 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?
- Free Online CAT Mock Test Series
- Download CAT Previous Years Question Papers
- Free Online CMAT Mock Test Series
- Free Online MAT Mock Test Series
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 |
|
| CAT 2024 Exam |
24 Nov '24 |
|
| XAT 2025 Exam |
5 Jan '25 |
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 |
|
| CMAT |
189 |
|
| MAT |
182 |
|
| XAT |
182 |
|
| MAH CET |
221 |
|
| ATMA |
160 |
READ MORE: MBA in Finance Course Syllabus 2024
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 |
|---|---|
| INR 25 lakh |
|
| INR 24 lakh |
|
| INR 15 lakh – INR 24 lakh |
|
| INR 14 lakh |
|
| 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 |
|---|---|
| INR 19 lakh |
|
| Shailesh J. Mehta School of Management, IIT Bombay Admission |
INR 20 lakh |
| INR 4 lakh – INR 7 lakh |
|
| INR 88,000 |
|
| Department of Management Sciences, Pune University Admission |
INR 1 lakh |
READ MORE: MBA in Finance Course Admissions 2024
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 |
|---|---|---|
| 13 |
INR 22 lakh |
|
| 91 |
INR 14 lakh |
|
| 101-125 |
INR 8 lakh – INR 30 lakh |
|
| 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 |
|---|---|---|
| 21 |
INR 12 lakh |
|
| 20 |
INR 22 lakh |
|
| 84 |
INR 14 lakh |
|
| 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 |
|---|---|---|
| 101-125 |
INR 14 lakh |
|
| 31 |
INR 19 lakh |
|
| Central Institute of Business Management Research and Development |
NA |
INR 2 lakh |
| 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 Navi Mumbai
- MBA in Finance Colleges in Kolhapur
- MBA in Finance Colleges in Nashik
- MBA in Finance Colleges in Aurangabad
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 |
|---|---|---|
| INR 24 lakh |
INR 24 LPA |
|
| INR 15 lakh – INR 24 lakh |
INR 29 LPA – INR 32 LPA |
|
| INR 19 lakh |
INR 17 LPA |
|
| INR 14 lakh |
INR 9 LPA |
|
| 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 |
|---|---|---|
| INR 24 LPA |
Fullerton, Kroll, Luminous, Aditya Birla Capital, EY, PwC, etc. | |
| INR 29 LPA – INR 32 LPA |
Asian Paints, Godrej, HUL, Nestle, Castrol, etc. | |
| INR 17 LPA |
Adani Group, TATA ELXSI, Nucleus Software, etc. | |
| INR 9 LPA |
Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc. |
|
| 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 |
MBA in Finance Colleges in Maharashtra: Comparison
The table given below shows the comparison of top MBA in Finance colleges in Maharashtra:
MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
Commonly asked questions On MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
NMIMS SBM Mumbai is one of the top MBA institutes in the country. It has gotten good ranking by different ranking bodies. Tabulated below is the ranking bodies that have recognised and provided a rank to SVKM NMIMS in 2023 for its MBA programme:
| Ranking Body | Rank '24 |
|---|---|
| Business Today | 8 |
NMIMS Navi Mumbai has yet to release its overall average package. However, it has released its school wise placement report for 2025. See the table below to know more about the average package recorded during NMIMS Navi Mumbai placements 2025:
| School | Average Package |
|---|---|
| SBM | INR 12.85 LPA |
| SOL | INR 5.88 LPA (BA LLB) INR 5.88 LPA (BBA LLB) |
| SOE | INR 5.6 LPA |
| SOHM | INR 3.8 LPA |
| STME | INR 7.53 LPA (BTech) INR 10.5 LPA (MBA Tech) |
| SOC | INR 5.28 LPA |
| SOLA | INR 2.16 LPA |
No, PERA CET is not compulsory for admission to the MBA course at MIT College of Management. Because the college also accepts the relevant scores of CAT/ MAT/ MBA CET/ ATMA. Therefore, candidates can get admission to the MBA course with the relevant scores of the PERA CET. However, it is not compulsory. Thus, securing a relevant score in any of the entrance exams, a candidate will be considered eligible for admission.
Once the selection process for PUMBA MBA is completed, selected students must pay the first installment of the tuition fees. As per official sources, the total tuition fee to pursue an MBA at PUMBA ranges from INR 1.3 Lacs to INR 1.5 lakh.
Note: The above-mentioned fee is as per the official sources. However, it is indicative and subject to change.
Commonly asked questions On MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
ITM Navi Mumbai is a part of the ITM Group of Institutions and was established in 1991. ITM Business School offers the AIU and UGC-approved MBA programmes from ITM Skills University. To get admission to this approved college, candidates must have valid scores in entrance tests such as MAT, XAT, CAT, NMAT, CMAT, ATMA, and others. If applying through CAT, candidates must prepare according to the CAT syllabus and must give as many mock tests as possible.
RIIM Pune offers a full-time postgraduate diploma in management. The PGDM course is offered to students who fulfil the admission criteria of the course. The basic eligibility is to pass graduation from a recognised university. Furthermore, admissions are entirely entrance-based. Hence, students must appear for the respective exam to be considered for admission. RIIM Pune accepts various national-level management exams, including MAT. However, those with a valid score in any other accepted exam can also apply. Hence, you can certainly get into the PGDM course offered at RIIM Pune without MAT, given you provide any other exam score.
MBA students are awarded with a scholarship based on CAT/ MAT percentile or GMAT/ GRE score. Details for the same are given in the table below:
| Scholarship | Minimum CAT/ MAT Percentile | GMAT/ GRE Score |
|---|---|---|
| 100% | 90 | GMAT: 650, GRE: 161 |
| 50% | 85 | GMAT: 600, GRE: 157 |
| 25% | 75 | GMAT: 450, GRE: 149 |
Note: For all MBA Scholarship scores pertaining to 2023/ 2022/ 2021/ 2020/ 2019 are applicable.
MBA stands for Master of Business Administration.GNIMS stands for Guru Nanak Institute of Management Studies.
Is MBA at DY Patil University School of Management better than GNIMS Business School? it depends on various factors, such as your preferences, goals, interests, and expectations. Both DY Patil University School of Management and GNIMS Business School are reputed management institutions in Mumbai. In 2022 DY Patil University School of Management ranked 198 out of 281 and GNIMS Business School ranked 198 out of 281 this means that both institutions have similar rankings and reputations. The package offered by DY Patil University School of Management is 6-20LPA, while GNIMS Business School is 4-6LPA. This means that DY Patil University School of Management has a higher placement record and salary range than GNIMS Business School.
N. L. Dalmia offers two-year PGDM course equivalent to MBA course. The full-time PGDM course comprises six semesters (three semesters per year). PGDM at N. L. Dalmia is available scross various specialisations, namely Finance, Marketing, Human Resources and Business Analytics.These are approved by All India Council for Technical Education (AICTE), Ministry of HRD, Govt. of India. Admission to PGDM course is entrance-based. The Institute accepts national or state-level entrance exams such as CAT, XAT, GMAT, CMAT, MH-CET, MAT, ATMA for providing admission to PGDM course. Scholarships are provided to academically exceptional and meritorious students at N. L. Dalmia.
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Commonly asked questions On MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
ISB&M, Pune is good for PGDM and gives a 2 year course for PGDM. The college also has good placement record. ISB&M, Pune also provides specialisations in fields like Marketing, Finanace, HR etc. and is one of the top institutes for the course.
ISMS Pune offers good placements to its MBA students annually. As per the latest report, the highest package offered during ISMS Pune MBA placements 2024 stood at INR 14 LPA. The highest package was offered to the student of the Marketing domain. The key highloights of ISMS Pune placemnets fro the Class of 2023 and 2024 are tabulated below:
Particulars | Placement Statistics (2023) | Placement Statistics (2024) |
|---|---|---|
the highest package | INR 15 LPA | INR 14 LPA |
Top recruiter | TresVista (offered the highest package) | Lion Mortgage (offered the highest package) |
In each academic year, MIT-WPU, Pune usually releases the deadlines for the MBA course in the month of August. However, the deadlines can differ from academic year to academic year. Moreover, applicants who are interested in getting admission into the MBA course at MIT-WPU, Pune must track the dates of accepted entrance examination dates too.
Yes, MBA is available at SCMHRD. This course is spread across four semesters. Aspirants who have passed a bachelor's degree in a relevant discipline with at least 50% aggregate can apply for the course. Other than the general MBA, the institute also offers the following MBA courses:
- MBA in Business Analytics
- MBA in Infrastructure Development and Management
There is no prescribed minimum cut off score for any test. However, due weightage is given to the test scores. For this year's admission 20 percent weightage will be given to the test scores.
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Commonly asked questions On MBA in Finance Colleges in Maharashtra - Course Fee, Admission, Cut Off, Placements
Yes, it is possible to take admission to the IBS Mumbai PGPM programme without CAT. The institute accepts various other national-level test scores, including NMAT, XAT, and GMAT. Other than this, the institute also conducts an in-house entrance test, i.e., IBSAT. It is conducted once a year, generally in the month of December. Students willing to take the exam can visit the institute's official website to apply.
Both SIIB Pune and SCMHRD Pune offer MBA programs with different specializations. In terms of ranking and brand value, SIBM Pune is better than SCMHRD Pune. SIBM Pune is ranked 7th and SCMHRD Pune is ranked 8th for MBA by India Today 2021. However, the choice between the two should be based on the course one is planning to pursue. If one is planning to pursue MBA Business Analytics, MBA HR, or MBA Infrastructure Management, then SCMHRD is a better option. For Marketing specialization, both of these two are decent options. SIBM Pune offers MBA at postgraduate level in four specializations including MBA, Executive MBA, and MDP programs whereas SCMHRD offers postgraduate programs in MBA with specializations as MBA (Business Analytics), MBA (Infrastructure Development & Management), and MBA (Executive).
VIT Mumbai MMS admission is provided to applicants who fulfil the preset eligibility criteria. The VIT Mumbai MMS eligibility criteria is as follows:
- The candidate should be an Indian National;
- The candidate must have passed a Bachelor's degree of at least three years, from a recognised university with a minimum of 50% (45% in the case of candidates belonging to backward class categories and Persons with Disability belonging to Maharashtra State only)
No, DY Patil Institute of Master of Business Administration (DYPIMBA) in Akurdi, Pune doesn't offer direct admission to the MBA course. DY Patil Akurdi, Pune MBA admission is entirely entrance-based for the year 2025. Candidates seeking admission to the programme must have to appear for any of the following entrance exams, namely MAT/ CAT/ XAT/ CMAT/ ATMA/ MAH MBA CET followed by the counselling process. Therefore, candidates cannot get direct admission at DY Patil Akurdi, Pune for MBA.
CMAT 2025 was on January 25, 2025, almost four months ahead of previous years. The CMAT exam is usually held in March-April, but in 2023 and 2024, it was held in May. The last time CMAT was held in January was in 2019.
The NTA announced registration dates via an official circular, which was released online on the NTA website on November 14, 2024. The CMAT 2025 exam schedule includes registration window open and close dates and form correction dates. CMAT 2025 registration has started, and the last date to apply was December 13, 2024, and the admit card was released on January 20, 2025.