Updated on Sep 6, 2024 11:19 IST
Tasbiya Khan

Tasbiya KhanSenior Executive

Top MBA Colleges in Maharashtra: Ranking 2024, Fees, Cutoff, Placements, Admission

There are about 8 top MBA colleges in Maharashtra. Among them, 4 colleges are privately owned, 2 college is owned by public/government organisations, and public-private entities own only 1 college. CAT, CMAT, and XAT are the most accepting entrance exams in top MBA colleges in Maharashtra. National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA colleges in Maharashtra.

Top MBA Colleges in Maharashtra: Highlights 2024

An MBA is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. Some of the top MBA specialisations include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, and so on. An MBA degree can enhance an individual's skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities.

The table below mentions key highlights of the top MBA colleges in Maharashtra:

Parameters

Particulars/Statistics

No. of top MBA Colleges

8

Annual Fees

INR > 5 lakh: 8 colleges

Top Specialisations

Finance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc.

Accepted entrance exams

 CATXATCMATMATMAH CET, etc.

DisclaimerThis information is sourced from the official website and may vary.

Predict your chances here: MBA 2024 Cutoff Predictor

Top MBA Colleges in Maharashtra with NIRF Ranking 2024

Every year, NIRF rankings are published in accordance with the annual data gathered by the framework. Five factors, including graduation rate, research and professional practises, teaching and learning resources, and the overall impression of the institution, are used to determine rankings and ratings.

Following is a list of the top MBA colleges in Maharashtra ranked by NIRF from 2022 to 2024:

College Name

NIRF 2022

NIRF 2023

NIRF 2024

IIM Mumbai (formerly known as NITIE) Ranking

9

7

6

Indian Institute of Technology, Bombay Ranking

11

10

10

Symbiosis Institute of Business Management Ranking

17

17

13

S. P. Jain Institute of Management & Research Ranking

21

20

20

SVKM`s Narsee Monjee Institute of Management Studies Ranking

25

21

21

Indian Institute of Management, Nagpur Ranking

43

43

31

K.J.Somaiya Institute of Management Ranking

71

45

63

Principal L N Welingkar Institute of Management Development and Research Ranking

68

73

84

Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.

READ MORE: MBA Courses

Top MBA Colleges in Maharashtra: Admissions 2024

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

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

Top MBA Colleges in Maharashtra: Exam Schedule 2024

The two most popular entrance exams accepted in MBA top colleges 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 MBA 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. The preparation for CAT exam should include phase-wise completion of the CAT syllabus, mock test practice, and revision.

Listed below are the following admission dates and schedules for MBA top colleges in Maharashtra:

Exam Name

Dates

Schedule

CAT Exam 2024

24 Nov '24

CAT Schedule

XAT Exam 2025

5 Jan ‘25

XAT Schedule

MAH MBA CET 2024 Exam

23 Mar '24 - 24 Mar '24 (closed for 2024)

MAH CET Schedule

Preparing for CAT 2024? Click to practice:

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

Listed below are the various entrance exams accepted by top MBA colleges in Maharashtra along with their cutoff predictor:

Exams

Number of Colleges

Cut off Predictor

CAT

6

CAT 2024 Predictor

CMAT

3

CMAT 2024 Predictor

XAT

3

XAT 2024 Predictor

MAH CET

3

MAH CET 2024 Predictor

Read more about CAT, MAT, and CMAT Mock Tests:

Top Private MBA Colleges in Maharashtra

Here is a list of top private MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:

College Name

Total Tuition Fee/Seat Intake

Entrance Exam/Eligibility

Symbiosis Institute of Business Management Admission

INR 24 lakh

Seats: 910

Entrance Exam: SNAP

Graduation with 50% aggregate

S. P. Jain Institute of Management & Research Admission

INR 24 lakh

Seats: 880

Entrance Exam: CAT

Graduation with 50% aggregate

K J Somaiya Institute of Management Admission

INR 17 lakh

Seats: 660

Entrance Exam: CAT, XAT, NMAT, etc.

Graduation with 50% aggregate

Principal L N Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Seats: 16,250

Entrance Exam: CAT, XAT, CMAT, ATMA

Graduation with 50% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

READ MORE: MBA Syllabus

Top Government MBA Colleges in Maharashtra

Here is a list of top public/government MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:

College Names

Total Tuition Fee/Seat Intake

Entrance Exam/Eligibility

IIM Mumbai Admission

INR 14 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

IIM Nagpur Admission

INR 19 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

Top Semi-Private MBA Colleges in Maharashtra

Here is a list of top public-private MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:

College Name

Total Tuition Fee/Seat Intake

Entrance Exam/Eligibility

National Institute of Bank Management Admission

INR 14 lakh

Seats: 180

Entrance Exams: CAT, XAt, CMAT

Graduation with 50% aggregate

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

READ MORE: MBA Admission 2024

Top MBA colleges in Pune

The table below shows the top MBA 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
Institute of Management and Entrepreneurship Development 101-125 INR 5 lakh
National Insurance Academy 101-125 INR 9 lakh 

Disclaimer: This information is sourced from the official website.

Top MBA colleges in Mumbai

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

College Name NIRF Ranking (2024) Total Tuition Fee
IIM Mumbai 6 INR 6 lakh
SPJIMR 20 INR 20 lakh
NMIMS School of Business Management 21 INR 12 lakh
KJ Somaiya Institute of Management 63 INR 17 lakh

Disclaimer: This information is sourced from the official website.

Top MBA colleges in Nagpur

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

College Name NIRF Ranking (2024) Total Tuition Fee
IIM Nagpur 31 INR 19 lakh
IMT Nagpur 101-125 INR 14 lakh

Disclaimer: This information is sourced from the official website.

Top MBA Colleges in Maharashtra: Fees VS Salary

Return on investment, or ROI, is the sum of money that students receive as a placement offer in return for investing a sizable sum of money in attending a college and completing a degree of study.

The best MBA colleges in Maharashtra with the total course fee and annual median package are tabulated below:

College Name

Total Tuition Fee

Annual Average Package

K J Somaiya Institutete of Management MBA INR 17 lakh INR 10 LPA
IIM Nagpur MBA INR 19 lakh INR 16 LPA

Symbiosis Institute of Business Management MBA

INR 24 lakh

INR 24 LPA

 S. P. Jain Institute of Management & Research MBA

INR 24 lakh

INR 32 LPA

DisclaimerThe above statistics are based on the latest available data.

Read more about MBA colleges in different locations:

Highest Salary Offered by Top MBA Colleges in Maharashtra

Below is the list of MBA top colleges in Maharashtra and a few top companies that recruit MBA graduates along with their placement ackage:

College Name

Placement Package

Top Recruiters

K J Somaiya Institute of Management Placements

INR 10 LPA

Britannia, Emami Agrotech, Bain & Co., EY GDS

Indian Institute of Management, Nagpur Placements

INR 16 LPA

Deloitte India, ZS Associates, V-Guard, Tech Mahindra

Symbiosis Institute of Business Management Placements

INR 24 LPA

EY, Accenture, Google, Wipro, Flipkart, PwC, Jio

S. P. Jain Institute of Management & Research Placements

INR 32 LPA

Amazon, Flipkart, Tata, Goldman Sachs, Paytm

Disclaimer: This information is sourced from the official website/ media reports/ NIRF website and may vary.

Cost of Pursuing MBA from Maharashtra

Pursuing MBA courses in colleges in Maharashtra is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below are the names of MBA colleges in Maharashtra along with their total tuition fee structure:

Fee Range

Popular MBA Colleges

INR > 5 lakh

K J Somaiya Institute of Business Management, SIBM Pune, SPJIMR, etc.

Disclaimer: This information is sourced from the official website.

READ MORE: Career After MBA

Top Specialisations Offered by Top MBA Colleges in Maharashtra

In Maharashtra, the MBA degree is offered in various specialisations. See the table below for a detailed overview of the top specialisations offered by the best MBA colleges in Maharashtra:

Top Specialisations Number of Colleges
Finance 6
Sales & Marketing 5
Operations 4
Human Resources 4
IT & Systems 1

Top MBA Colleges in Maharashtra Cutoff 2024

Listed below is the cutoff 2024 of the top MBA colleges in Maharashtra:

Top MBA Colleges in Maharashtra: Comparison 2024

To check the comparison between the best MBA Colleges in Maharashtra, click the link below:

Read More

Selected Filters

Location

Total Fees

Rating

Ownership

Specialization

Exams Accepted

6
NIRF ' 24
(All India)
Indian Institute of Management Mumbai
4.6

Placements

4.5

Infrastructure

5.0

Faculty & Course Curriculum

4.0

Crowd & Campus Life

5.0

Value for Money

4.5

Learning Experience

0.0

Course Support

0.0
(2)
Fees: ₹ 14.00 Lakh
Salary : ₹ 28.00 Lakh
Not Ranked
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24
13
NIRF ' 24
(All India)
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

Learning Experience

0.0

Course Support

0.0
(81)
Fees: ₹ 24.20 Lakh
Salary : ₹ 24.00 Lakh
14
Business Today ' 23
1
Times ' 23
Not Ranked
Outlook ' 24
20
NIRF ' 24
(All India)
S.P. Jain Institute of Management and Research, Mumbai
4.3

Placements

4.2

Infrastructure

3.9

Faculty & Course Curriculum

4.4

Crowd & Campus Life

4.4

Value for Money

4.3

Learning Experience

0.0

Course Support

0.0
(37)
Fees: ₹ 24.00 Lakh
Salary : ₹ 32.00 Lakh
5
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24
21
NIRF ' 24
(All India)
Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
4.3

Placements

3.2

Infrastructure

4.3

Faculty & Course Curriculum

4.8

Crowd & Campus Life

4.8

Value for Money

4.2

Learning Experience

0.0

Course Support

0.0
(9)
Fees: ₹ 22.90 Lakh
Salary : ₹ 19.20 Lakh
Not Ranked
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24
31
NIRF ' 24
(All India)
IIM Nagpur - Indian Institute of Management
4.1

Placements

4.3

Infrastructure

3.9

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.1

Value for Money

4.3

Learning Experience

0.0

Course Support

0.0
(7)
Fees: ₹ 18.60 Lakh
Salary : ₹ 16.85 Lakh
24
Business Today ' 23
Not Ranked
Times ' 23
20
Outlook ' 24
63
NIRF ' 24
(All India)
K J Somaiya Institute of Management
4.2

Placements

3.9

Infrastructure

4.4

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.3

Value for Money

4.3

Learning Experience

0.0

Course Support

0.0
(202)
Fees: ₹ 20.87 Lakh
25
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24
84
NIRF ' 24
(All India)
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
4.1

Placements

3.7

Infrastructure

4.3

Faculty & Course Curriculum

4.1

Crowd & Campus Life

4.1

Value for Money

3.7

Learning Experience

0.0

Course Support

0.0
(238)
Fees: ₹ 14.00 Lakh
Salary : ₹ 9.00 Lakh
39
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24
91
NIRF ' 24
(All India)
National Institute of Bank Management
4.5

Placements

4.6

Infrastructure

4.2

Faculty & Course Curriculum

4.7

Crowd & Campus Life

4.2

Value for Money

4.7

Learning Experience

0.0

Course Support

0.0
(19)
Fees: ₹ 13.72 Lakh
Salary : ₹ 10.50 Lakh
Not Ranked
Business Today ' 23
Not Ranked
Times ' 23
Not Ranked
Outlook ' 24

Other popular MBA/PGDM colleges in Maharashtra

2 Courses
₹10 L
₹19.2 LPA
─
─
7 Courses
₹13 L - 25 L
₹7 - 19.2 LPA

#21 NIRF

₹8.75 L - 30 L
₹7.1 LPA

#101-125 NIRF

₹11.7 L - 12.8 L
₹5 L
Ranked #2 for Placement Performance – Times B-School Survey 2022
3 Courses
₹14.12 L - 24.2 L
₹22.8 LPA

#15 Business Today

₹5.2 L - 7 L
₹7.5 LPA

#24 Times

₹6.84 L - 13.04 L
─
₹10.5 L - 29.07 L
₹8.27 LPA

#15 Times

Ranked 29th all over India by TOI Rankings '18 Minimum 9 months paid internship in final year
₹11.95 L
4.3

#45 Times

₹9.27 L
₹6.5 LPA

#23 Times

Great Indian Institute 2018- by Forbes India Marque.Top Recruiters: Amul, Apollo Munich
₹1.1 L
─
₹30 K - 7 L
₹5 - 6.8 LPA

#50 Times

Confused about which college or exam to opt for?

Chat with our counsellor.

Get your personalised list of colleges & exams.

₹5 L
4.5

#25 Times

Ranked #2 for Placement Performance – Times B-School Survey 2022
₹4.8 L - 7.5 L
4.1

Top 25 in Maharashtra

₹5.6 L
─
₹7 L
₹8.8 L
4.1

#72 Times

Ranked 10th among B-Schools in Mumbai by The Times of India B-School Survey 2022
₹12.2 L
4.3

#13 Times

₹9.1 L - 14.25 L
₹6 LPA

#35 Times

3 Courses
₹15.64 L
4.6

#50 Business Today

2 Courses
₹11.28 L - 14.56 L
₹12.58 LPA

#76 Business Today

₹4.18 L - 7.2 L
₹4.25 LPA

#133 Times

1 Course
₹8.8 L
₹20.8 LPA
─
₹9.09 L

Top MBA Colleges in Maharashtra FAQs

Q: How many MBA colleges are there in Maharashtra?

A: There are about 8 top MBA colleges in Maharashtra. Among them, 4 colleges are privately owned, 2 college is owned by public/government organisations, and public-private entities own only 1 college. CAT, CMAT, and XAT are the most accepting entrance exams in top MBA colleges in Maharashtra. National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA colleges in Maharashtra.

Q: Which is the No. 1 MBA college in Maharashtra as per NIRF ranking 2024?

A: Hi, to determine the No. 1 MBA college in Maharashtra, you need to go through its NIRF rankings over the past three years, i.e. from 2022 to 2024:

College Name

NIRF 2022

NIRF 2023

NIRF 2024

IIM Mumbai (formerly known as NITIE) Ranking

9

7

6

Indian Institute of Technology, Bombay Ranking

11

10

10

Symbiosis Institute of Business Management Ranking

17

17

13

S. P. Jain Institute of Management & Research Ranking

21

20

20

SVKM`s Narsee Monjee Institute of Management Studies Ranking

25

21

21

Indian Institute of Management, Nagpur Ranking

43

43

31

K.J.Somaiya Institute of Management Ranking

71

45

63

Principal L N Welingkar Institute of Management Development and Research Ranking

68

73

84

Q: Which is the best college for an MBA in Maharashtra with the highest package in placement?

A: The following is a list of the top MBA colleges in Maharashtra, as well as a few prominent organizations that recruit MBA graduates along with their placement packages:

College Names

Placement Package

Top Recruiters

K J Somaiya Institute of Management Placements

INR 10 LPA

Britannia, Emami Agrotech, Bain & Co., EY GDS

Indian Institute of Management, Nagpur Placements

INR 16 LPA

Deloitte India, ZS Associates, V-Guard, Tech Mahindra

Symbiosis Institute of Business Management Placements

INR 24 LPA

EY, Accenture, Google, Wipro, Flipkart, PwC, Jio

S. P. Jain Institute of Management & Research Placements

INR 32 LPA

Amazon, Flipkart, Tata, Goldman Sachs, Paytm

Q: Who are the top recruiters participated in MBA colleges in Maharashtra?

A: The top recruiters who hire students from MBA colleges in Maharashtra are as follows:

Flipkart Britannia
Deloitte ZS Associates
Accenture Google
EY Wipro
Jio Amazon
Goldman Sachs Paytm

Q: Which are the most affordable and best colleges in Maharashtra for an MBA?

A: The table below shows the most affordable and best MBA colleges in Maharashtra having fees of INR 3-5 lakh along with their total tuition fees:

College Name Total Tuition Fee
Institute of Management and Entrepreneurship Development INR 5 lakh

Q: Which top MBA colleges in Maharashtra give admission through CET?

A: There is only 1 MBA college in Maharshtra which give admission through MAH CET entrance exam. Listed below is the total tuition fee and placement of MBA college accepting MAH CEt score in Maharashtra:

College Name Total Tuition Fee Annual Placement Package
Pune Institute of Business Management INR 8 lakh INR 7 LPA

Q: What is the difficulty level of MAH MBA CET?

A: MAH MBA CET is a moderately difficult exam. It’s difficulty level is lower than CAT but higher than MAT or ATMA. A major factor that makes MAH CET a difficult test to crack is that the questions are presented in random order and sectional weightage vary in every slot. So, candidates cannot anticipate or plan how many and which type of questions to get to their target score.

Also, the MAH MBA CET is dominated by Logical Reasoning questions and there are comparatively less Quantitative Aptitude questions. Since, there is no set pattern, candidates cannot pre-plan. They need to make a strategy and implement it as soon as they see the question paper. So, those who can think on their feet and can crack the exam better than others.

Q: Which are the best MBA colleges in Maharashtra to get a decent job?

A: To get a decent job, you need to go through the ROI of various MBA colleges in Maharashtra. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Name

Total Tuition Fee

Annual Average Package

K J Somaiya Institutete of Management MBA INR 17 lakh INR 10 LPA
IIM Nagpur MBA INR 19 lakh INR 15 LPA

Symbiosis Institute of Business Management MBA

INR 24 lakh

INR 24 LPA

 S. P. Jain Institute of Management & Research MBA

INR 20 lakh

INR 30 LPA

Q: Which is the best course offered by top MBA colleges in Maharashtra?

A: The MBA degree is available in a variety of specializations in Maharashtra. See the table below for a thorough breakdown of the top specialisations provided by Maharashtra's leading MBA colleges:

Top Specialisations Number of Colleges
Finance 6
Sales & Marketing 5
Operations 4
Human Resources 4
IT & Systems 1

Q: What is the fees of top MBA colleges in Maharashtra?

A: SIBM Pune has the highest total tuition fee of INR 22 lakh, while IIM Mumbai has the lowest total tuition fee of INR 6 lakh.

Listed below is the total tuition fee of top MBA colleges in Maharshtra:

College Name

Total Tuition Fee

Symbiosis Institute of Business Management Admission

INR 24 lakh

S. P. Jain Institute of Management & Research Admission

INR 24 lakh

SVKM`s Narsee Monjee Institute of Management Studies Admission

INR 23 lakh

Principal L N Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Indian Institute of Management, Nagpur Admission

INR 19 lakh

Q: What are the top private MBA colleges in Maharashtra?

A: The table below shows the top private MBA colleges in Maharashtra along with their tuition fees and seat intake:

College Name

Total Tuition Fee/Seat Intake

Symbiosis Institute of Business Management Admission

INR 24 lakh

Seats: 910

S. P. Jain Institute of Management & Research Admission

INR 24 lakh

Seats: 880

K J Somaiya Institute of Management Admission

INR 17 lakh

Seats: 660

Principal L N Welingkar Institute of Management Development and Research Admission

INR 14 lakh

Seats: 16,250

Q: How can I prepare for MAH MBA CET?

A: MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required.

Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.

Q: What are the government top MBA colleges in Maharashtra?

A: Refer to the table below for a detailed overview of the top government MBA colleges in Maharashtra along with their tuition fees and seat intake:

College Names

Total Tuition Fee/Seat Intake

IIM Mumbai Admission

INR 14 lakh

IIM Nagpur Admission

INR 19 lakh

 

Select any publisher to see further ranking
NIRF 2024Business Today 2023Times 2023Outlook 2024