Top MBA Colleges in Maharashtra 2021

Maharashtra is the state of India which has good population dominations. Thus, the scope of education and other important things also gets increased due to population domination in a particular state. The state also includes Pune within the district with the title of “the centre of learning". Apart from Pune, many other districts offer a good platform for education including Nagpur, Mumbai, etc. It is one of India’s leading MBA destinations as it is the first choice for most corporates and other industries like entertainment/media houses and financial companies. It is also the hub of education in management, technology and allied sectors.

MBA is one of the most popular post-graduate programmes in Maharashtra. The two-year programme is the gateway to a plethora of job opportunities in the corporate world. MBA colleges in Maharashtra offer quality education with high placements.

Top MBA Colleges in Maharashtra Highlights

Parameters Statistics/ Particulars
Number of MBA colleges in Maharashtra Approximately 15
Fees

Annual fee:

Rs. 1-5 lakh- 16%

Rs. 5-10 lakh- 42%

Rs. 10-15 lakh- 26%

Rs. >15 lakh- 16%

Top Specialisations Finance, Operations, Sales & Marketing, Human Resources, IT & Systems, Business Analytics, Agriculture & Food Business, Business Economics, Industrial Engineering, International Business, Supply Chain
Admission Process Entrance Based
Number of IIMs and IITs 1 IIM

MBA Colleges in Maharashtra Eligibility Criteria

The eligibility criteria for MBA may differ from college to college. However, the basic eligibility criteria to pursue MBA is as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as the basic eligibility criteria for MBA (full-time).

  • Most of the institutes follow the minimum score criteria in graduation which is 50 per cent on average or equivalent. Some of the colleges also offer five per cent relaxation to the students from reserved categories.

  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

MBA Colleges in Maharashtra with NIRF Ranking and Shiksha Rating (Aggregate)

Although there are plenty of MBA colleges in Maharashtra, there are a few top ones that have been listed by NIRF. Following is the list of top 10 MBA colleges in Maharashtra ranked by NIRF and as per Shiksha Rating:

College Name

NIRF’20 Ranking

Shiksha Rating 

SJMSOM IIT Bombay, Mumbai

11

4.6

NITIE, Mumbai

12

4.6

SPJIMR, Mumbai

18

4.2

Symbiosis Institute of Business Management (SIBM), Pune

22

4.4

NMIMS School of Business Management, Mumbai

24

4.2

Indian Institute of Management (IIM), Nagpur

40

4.3

KJ Somaiya Institute of Management, Mumbai

56

4.2

Institute of Management Technology (IMT), Nagpur

60

4.1

Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune

63

4.2

Welingkar Institute of Management (WeSchool), Mumbai

68

4

List of Top Private and Government MBA Colleges in Maharashtra

List of Top Private MBA Colleges

Private Colleges

Course Fee (in Rs)

SPJIMR, Mumbai

17,50,000

NMIMS School of Business Management, Mumbai

19,76,000

 

Symbiosis Institute of Business Management (SIBM), Pune

17,26,000

 

Institute of Management Technology (IMT), Nagpur

14,00,000

 

Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune

4,50,000

 

List of Top Public MBA Colleges

Public Colleges

Course Fee (in Rs)

Indian Institute of Management (IIM), Nagpur

11,10,000

SJMSOM IIT Bombay, Mumbai

8,32,400

NITIE, Mumbai

6,62,000

Location-wise MBA Colleges in Maharashtra

Candidates aspiring to take admission in top MBA colleges in Maharashtra can check the list of top cities that has top MBA colleges as per NIRF ranking. The top three cities in Maharashtra are:

  • Mumbai
  • Pune
  • Nagpur

Check the infographic below to know the number of colleges offering MBA programmes in the cities of Maharashtra. 

Location-wise MBA colleges in Maharashtra

ROI of Top MBA Colleges in Maharashtra

Return on Investments in MBA colleges refers to the benefits that the student will have after completing the MBA programme from the college in terms of placements. ROI is measured in terms of the annual fee of the programme in ratio to the placement after the completion of the course. Higher the ROI more beneficial it is. Check the ROI of top MBA colleges in Maharashtra below:

Name of the College/Institute Average Placement Salary (LPA) (in Rs.) Annual Fee (in Rs.)

SJMSOM IIT Bombay, Mumbai

21.96 8.67

NITIE, Mumbai

20.88 12.53 L - 14.63

SPJIMR, Mumbai

19.5 17.5

Symbiosis Institute of Business Management (SIBM), Pune

19.56 19.22

NMIMS School of Business Management, Mumbai

17.79 10.42

Indian Institute of Management (IIM), Nagpur

13.21 13.75

KJ Somaiya Institute of Management, Mumbai

 9.83 2.97 L - 16.29

Institute of Management Technology (IMT), Nagpur

7.97 12.04

Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune

7.5 4.5

Welingkar Institute of Management (WeSchool), Mumbai

8.61 1.53 L - 11.04

Note: Above statistics are based on the latest available data.

Read More

Top MBA Colleges in Hyderabad Top MBA Colleges in Delhi/NCR
Top MBA Colleges in Karnataka Top MBA Colleges in Tamil Nadu

Top Recruiters for MBA Postgraduates

MBA graduates from all domains are in high demand. Below is the list of few top companies in Maharashtra that recruit MBA graduates:

Colleges

Placement Ratings (Based on Reviews)

Top Recruiters

NITIE, Mumbai

4.6

Dabur, HCCB, Maruti Suzuki, ICICI Bank, Marico, Nestle, Capgemini, Delloite, Accenture, TATA Motors, Castrol, TVS, Asian Paints, ITC, Cognizant Business Consulting, KPMG, Aditya Birla Capital, Genpact, General Electric, Google, IBM, etc.

Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai

4.6

Axis Bank, DE Shaw & Co, JPMorgan Chase, Bank of America, Accenture, Deloitte, Flipkart, Google, Infosys, Tech Mahindra, HP, Goldman Sachs, Britannia, Johnson & Johnson, Capgemini, Nestle, RBL Bank, Proctor & Gamble, Wipro, etc.

SPJIMR, Mumbai

4.2

3I Infotech, Citi Bank, Frost & Sullivan, 3M, Coffee Day Beverages, FTI Consulting, ABN Ambro Bank, Cognizant, Future Group, Accenture, Credit Mantri, Galaxy Surfactants, Amazon, Crisil, Gartner, Indus Towers, Mphasis, Sical Logistics, IndusInd Bank, Myntra, Simplilearn, Infosys, Nazara Technologies, Schlumberger, Infrastructure Debt Fund, Netmagic Solutions, Sutherland Global Services, JDA Software, Newt Global, Symantec, etc.

SIBM, Pune

4.4

Amazon, Ola, Pepsico, HSBC, KPMG, Philips, Samsung, Hindustan Unilever, Bajaj Finserv, IBM, Axis Bank, Capgemini, HDFC Bank, Henkel, Dabur, Bajaj Finserv, Maruti Suzuki, etc.

IIM Nagpur

4.3

TATA, TVS, Jio, Sutherland, Blue Star, V-Guard, Berger Paints, Barclays, Schindler, Deloitte Consulting, Fortigo, Moglix, JK Technosoft, FSS Global, Sutherland Global, GroupM, Jigserv Digital, ZS Associates, etc.

NMIMS School of Business Management, Mumbai

4.1

Cognizant, Deloitte, EY, KPMG, PwC, IBM and Microsoft, Barclays Bank, Centrum, CITI Bank, Credit Suisse, CRISIL, DBS Bank, DHL Express, Fedex Express, Google, HCL, HP, HT Media, IBM, Info Edge (India) Ltd., Jindal Steel, KPMG, Microsoft, Shemaroo Entertainment, Whirlpool, Wildcraft, etc.

How Affordable is Studying MBA in Maharashtra?

Based on the below pie chart, it can be estimated that pursuing an MBA in Maharashtra is expensive as approximately 42% of the colleges have annual fees ranging from Rs 5-10 lakh. Some of these colleges are:

  • NITIE Mumbai
  • VESIM - Vivekanand Education Society Institute of Management Studies and Research, Mumbai
  • Chetana's Institute of Management and Research, Mumbai
  • Pune Institute of Business Management, Pune
  • IES Management College and Research Centre, Mumbai
  • SJMSOM IIT Bombay, Mumbai
  • Balaji Institute of Management Human Resource Development (BIMHRD), Sri Balaji University, Pune
  • N.L. Dalmia Institute of Management Studies and Research, Mumbai

Around 26% colleges have fee structure that ranges from Rs 10-15 lakh. Some of these colleges are:

  • WeSchool Mumbai
  • IIM Nagpur
  • FLAME University, Pune
  • IMT Nagpur
  • KJ Somaiya Institute of Management, Mumbai

Approximately 16% of colleges have a fee structure that ranges from Rs 1-5 lakh. Some of these colleges are:

  • JBIMS, Mumbai
  • LLIM, Mumbai
  • Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune

Around 16% of colleges have a fee structure of more than Rs 15 lakh. Some of these colleges are:

  • SIBM, Pune
  • SPJIMR, Mumbai
  • NMIMS School of Business Management, Mumbai
Fee Segregation

Which are the most popular MBA Exams accepted by MBA colleges in Maharashtra?

Apart from merit-based admission, colleges conduct entrance exams like CATGMATXATCMATATMAMATGATEMAH CETMHT CETNMAT, etc. for MBA admission. Check the infographic below to know the number of colleges accepting the top MBA entrance examinations.

Top Entrance Examinations

Top MBA Colleges in Maharashtra: Cutoff

College Cutoff College Cutoff
SJMSOM IIT Bombay Cutoff National Institute of Industrial Engineering Cutoff 
SP Jain (SPJIMR) Cutoff SIBM Pune Cutoff
NMIMS SBM Mumbai Cutoff IIM Nagpur Cutoff 
K J Somaiya Institute of Management Cutoff  IMT Nagpur Cutoff
Read More

Selected Filters

Location

Total Fees

Rating

Ownership

Specialization

Exams Accepted

10
NIRF ' 21
Shailesh J. Mehta School of Management, IIT Bombay
4.6

Placements

4.5

Infrastructure

4.7

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.7

Value for Money

4.8
(67)
Fees: 8.27 Lakh
Salary : 21.00 Lakh
Not Ranked
Business Today ' 20
Not Ranked
Times ' 22
13
The Week ' 20
Not Ranked
Outlook ' 20
12
NIRF ' 21
National Institute of Industrial Engineering
4.6

Placements

4.8

Infrastructure

4.2

Faculty & Course Curriculum

4.3

Crowd & Campus Life

4.6

Value for Money

4.9
(45)
Fees: 11.33 Lakh
Salary : 19.50 Lakh
12
Business Today ' 20
Not Ranked
Times ' 22
12
The Week ' 20
31
Outlook ' 20
19
NIRF ' 21
SPJIMR - S.P. Jain Institute of Management and Research
4.3

Placements

4.2

Infrastructure

3.9

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.4

Value for Money

4.3
(36)
Fees: 17.50 Lakh
Salary : 25.00 Lakh
4
Business Today ' 20
Not Ranked
Times ' 22
7
The Week ' 20
8
Outlook ' 20
20
NIRF ' 21
Symbiosis Institute of Business Management, Symbiosis International, Pune
4.4

Placements

4.4

Infrastructure

4.7

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.7

Value for Money

4.2
(80)
Fees: 19.40 Lakh
Salary : 18.00 Lakh
17
Business Today ' 20
1
Times ' 22
9
The Week ' 20
15
Outlook ' 20
22
NIRF ' 21
NMIMS School of Business Management, Mumbai
4.2

Placements

4.1

Infrastructure

4.5

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.1

Value for Money

3.8
(131)
Fees: 21.90 Lakh
Not Ranked
Business Today ' 20
Not Ranked
Times ' 22
Not Ranked
The Week ' 20
Not Ranked
Outlook ' 20
40
NIRF ' 21
IIM Nagpur - Indian Institute of Management
4.3

Placements

4.3

Infrastructure

4.0

Faculty & Course Curriculum

4.3

Crowd & Campus Life

4.3

Value for Money

4.7
(3)
Fees: 13.75 Lakh
Salary : 12.80 Lakh
30
Business Today ' 20
Not Ranked
Times ' 22
Not Ranked
The Week ' 20
Not Ranked
Outlook ' 20
56
NIRF ' 21
K J Somaiya Institute of Management
4.1

Placements

3.8

Infrastructure

4.3

Faculty & Course Curriculum

4.0

Crowd & Campus Life

4.2

Value for Money

4.3
(166)
Fees: 18.78 Lakh
Salary : 9.05 Lakh
28
Business Today ' 20
7
Times ' 22
Not Ranked
The Week ' 20
43
Outlook ' 20
69
NIRF ' 21
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth
4.3

Placements

4.2

Infrastructure

4.1

Faculty & Course Curriculum

4.5

Crowd & Campus Life

4.2

Value for Money

4.4
(231)
Fees: 4.50 Lakh
Salary : 7.00 Lakh
Not Ranked
Business Today ' 20
48
Times ' 22
Not Ranked
The Week ' 20
58
Outlook ' 20
72
NIRF ' 21
Welingkar Institute of Management
4.0

Placements

3.6

Infrastructure

4.3

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.1

Value for Money

3.7
(203)
Fees: 13.00 Lakh
38
Business Today ' 20
Not Ranked
Times ' 22
57
The Week ' 20
61
Outlook ' 20
76-100
NIRF ' 21
IMT Nagpur - Institute of Management Technology
4.1

Placements

3.6

Infrastructure

4.5

Faculty & Course Curriculum

4.2

Crowd & Campus Life

4.4

Value for Money

3.8
(282)
Fees: 12.04 Lakh
Salary : 8.05 Lakh
47
Business Today ' 20
Not Ranked
Times ' 22
39
The Week ' 20
68
Outlook ' 20
76-100
NIRF ' 21
Pune Institute of Business Management
4.0

Placements

4.4

Infrastructure

3.4

Faculty & Course Curriculum

4.5

Crowd & Campus Life

3.7

Value for Money

4.1
(128)
Fees: 7.95 Lakh
69
Business Today ' 20
46
Times ' 22
67
The Week ' 20
Not Ranked
Outlook ' 20
76-100
NIRF ' 21
Balaji Institute of Management Human Resource Development (BIMHRD), Sri Balaji University
4.5

Placements

4.3

Infrastructure

4.6

Faculty & Course Curriculum

4.5

Crowd & Campus Life

4.5

Value for Money

4.4
(99)
Fees: 10.20 Lakh
Salary : 5.80 Lakh
83
Business Today ' 20
44
Times ' 22
55
The Week ' 20
Not Ranked
Outlook ' 20

FAQs

Q1. Which are the different specialisations offered by MBA colleges in Maharashtra?

A. Top 7 specialisations offered by MBA colleges in Maharashtra are:

  • Marketing

  • Event Management and PR

  • Finance

  • Operations

  • Business Management

  • Industrial Engineering

  • General Management

Q2. Which are the best colleges for MBA in Maharashtra based on placements?

A. Top 5 MBA colleges in Mumbai based on placements are:

  • National Institute of Industrial Engineering (NITIE), Mumbai

  • Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai

  • SPJIMR, Mumbai

  • SIBM, Pune

  • IIM Nagpur

Q3. Which are the job profiles offered after completing MBA?

A. Some of the job profiles offered by companies after completing MBA are:

  • Finance Manager

  • Marketing Manager

  • Sales Manager

  • Human Resources Manager

  • Operations Manager

  • Product Manager

  • Data Analytics Manager

  • Digital Marketing Manager

  • Advertising Sales Manager

  • NGO Manager

Q4. What is the estimated fee for studying MBA in Maharashtra?

A. It is estimated that pursuing MBA in Maharashtra is expensive as approximately 42% of the colleges have annual fees ranging from Rs 5-10 lakh. Some of these colleges are:

  • NITIE Mumbai
  • VESIM - Vivekanand Education Society Institute of Management Studies and Research, Mumbai
  • Chetana's Institute of Management and Research, Mumbai
  • Pune Institute of Business Management, Pune
  • IES Management College and Research Centre, Mumbai
  • SJMSOM IIT Bombay, Mumbai
  • Balaji Institute of Management Human Resource Development (BIMHRD), Sri Balaji University, Pune
  • N.L. Dalmia Institute of Management Studies and Research, Mumbai

Q5. What are the popular exams to qualify for MBA in Maharashtra?

A. Various exams accepted in Maharashtra for MBA include CAT, GMAT, XAT, CMAT, ATMA, MAT, GATE, MAH CET, MHT CET, NMAT, etc.

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NIRF 2021Business Today 2020Times 2022The Week 2020Outlook 2020

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