Top MBA Colleges in Maharashtra2021

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 good platform of 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.

Maharashtra is home to prestigious institutes like S.P. Jain Institute of Management and Research (SPJIMR), Mumbai; NMIMS School of Business Management, Mumbai; Shailesh J. Mehta School of Management (SJMSOM IIT Bombay), Mumbai; National Institute of Industrial Engineering (NITIE), Mumbai; Symbiosis Institute of Business Management (SIBM), Pune; Institute of Management Technology (IMT), Nagpur; Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth, Pune; Indian Institute of Management (IIM), Nagpur, etc. for MBA. All these management institutes make Maharashtra a preferred MBA destination. An MBA professional must possess qualities like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc.

In Maharashtra, MBA degree is offered across various specialisations. Some of the most prominent ones are as follows:

• Marketing

• Event Management and PR

• Finance

• Operations

• Business Management

• Industrial Engineering

• General Management

There are several MBA colleges in Maharashtra that offer full-time, part-time, distance-learning and online mode of study. These colleges provide degree and diploma courses. Out of these, top 20 MBA colleges in Maharashtra ranked by NIRF, Outlook and Times offer degree courses in full-time mode of study. Some of these colleges offer dual degree programmes. National Academy of Event Management and Development, Mumbai offers dual specialisation MBA in Event Management and PR.

MBA 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 percent on average or equivalent. Some of the colleges also offer five percent 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.

Apart from merit-based admission, colleges conduct entrance exams like CAT, GMAT, XAT, CMAT, ATMA, MAT, GATE, MAH CET, MHT CET, NMAT, etc. for MBA admission.

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:

Here is the list of some of the top private and public MBA colleges in Maharashtra:

 Following is the list of top 5 MBA colleges in Maharashtra ranked by Outlook:

Following is the list of top 5 MBA colleges in Maharashtra ranked by Times:

 Scope after MBA

Popular courses to consider after completing MBA:

• Chartered Financial Analyst (CFA)

• Financial Risk Manager (FRM) Exam

• Certified Information Systems Auditor (CISA)

• Certification in Risk Management Assurance (CRMA)

• Certified in Production and Inventory Management (CPIM)

• Project Management Professional (PMP)

• Second MBA from an international business school

MBA Placement Trends

With the growing demand of MBA, students can bag excellent opportunities in public as well as private sector. Some of the job profiles offered 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

Refer to the infographic below to get a detailed overview of the median salary for MBA Colleges in Maharashtra:

Top Recruiters for MBA graduates

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

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

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

Refer to the infographic below to get a detailed overview of the break-up of MBA Colleges in Maharashtra basis fees: