Top Ranked MBA Colleges in Maharashtra: Ranking, Fees, Admission 2025, Courses, Placements,

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 2025

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 colleges
Annual Fees	INR > 5 lakh: 8 colleges
Top Colleges	National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research
Top Specialisations	Finance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc.
Accepted entrance exams	CAT, XAT, CMAT, MAT, MAH CET, etc.

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

Predict your chances here: MBA 2025 Cutoff Predictor

Top MBA Colleges in Maharashtra: NIRF Ranking 2025

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 2023 to 2025:

College Name	NIRF 2023	NIRF 2024	NIRF 2025
IIM Mumbai (formerly known as NITIE) Ranking	7	6	6
Indian Institute of Technology, Bombay Ranking	10	10	14
Symbiosis Institute of Business Management Ranking	17	13	11
S. P. Jain Institute of Management & Research Ranking	20	20	20
SVKM`s Narsee Monjee Institute of Management Studies Ranking	21	21	24
Indian Institute of Management, Nagpur Ranking	43	31	25
K.J.Somaiya Institute of Management Ranking	45	63	65
Principal L N Welingkar Institute of Management Development and Research Ranking	73	84	75
Institute of Management Technology, Nagpur Ranking	--	--	99

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 with Outlook Rankings 2024

As per Outlook rankings 2024, Jamnalal Bajaj Institute of Management Studies emeredg to be as the top MBA college in Maharashtra. Listed below are some of the colleges along with their rankings:

Top Colleges	Outlook Rankings 2024
Jamnalal Bajaj Institute of Management Studies	10
IIM Nagpur	20

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

Top MBA Colleges in Maharashtra with Business Today Rankings 2024

The table below shows the top MBA colleges in Maharashtra along with their Business Today rankings 2024:

Top Colleges	Business Today Rankings 2024
SPJIMR Mumbai	3
NMIMS School of Business Management	8
SIBM Pune	12
Symbiosis Centre for Management & Human Resource Development	13
Jamnalal Bajaj Institute of Management Studies	20

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

Top MBA Colleges in Maharashtra: Admissions 2025

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 2025

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 2025	TENTATIVE	CAT Schedule
XAT Exam 2025	Over for 2025	XAT Schedule
MAH CET 2025 Exam	Mar '25	MAH CET Schedule

Preparing for CAT 2025? Click to practice:

• Q&A for Verbal Ability
• Q&A for Quantitative Aptitude
• Q&A for Data Interpretation and Logical Reasoning

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 2025 Predictor
CMAT	3	CMAT 2025 Predictor
XAT	3	XAT 2025 Predictor
MAH CET	3	MAH CET 2025 Predictor

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

• Download CAT Previous Years Question Papers
• Free Online CAT Mock Test Series
• Free Online CMAT Mock Test Series 
• Free Online MAT Mock Test Series

Top Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams

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

Private Colleges	Total Tuition Fee/Seat Intake	Entrance Exam/Eligibility
Symbiosis Institute of Business Management Admission	INR 24 lakh Seats: 340	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 21 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: Fees, Admission, Seat Intake, Eligibility, Entrance Exams

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:

Public/Govt. Colleges	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 21 lakh Seats: 280	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: Fees, Admission, Seat Intake, Eligibility, Entrance Exams

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: 132	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 2025

Region-wise Top MBA Colleges in Maharashtra

Listed below is the region-wise distribution of top MBA colleges in Maharashtra:

Top MBA colleges in Pune: NIRF Ranking vs Tuition Fee

The table below shows the top MBA colleges in Pune along with their NIRF ranking (2025) and total tuition fee:

College Name	NIRF Ranking (2025)	Total Tuition Fee
SIBM Pune	11	INR 22 lakh

Disclaimer: This information is sourced from the official website.

Top MBA colleges in Mumbai: NIRF Ranking vs Tuition Fee

The table below shows the top MBA colleges in Mumbai along with their NIRF ranking (2025) and total tuition fee:

College Name	NIRF Ranking (2025)	Total Tuition Fee
IIM Mumbai	6	INR 6 lakh
SPJIMR	20	INR 20 lakh
NMIMS School of Business Management	24	INR 12 lakh
KJ Somaiya Institute of Management	65	INR 17 lakh

Disclaimer: This information is sourced from the official website.

Top MBA colleges in Nagpur: NIRF Ranking vs Tuition Fee

The table below shows the top MBA colleges in Nagpur along with their NIRF ranking (2025) and total tuition fee:

College Name	NIRF Ranking (2025)	Total Tuition Fee
IIM Nagpur	25	INR 19 lakh
IMT Nagpur	99	INR 14 lakh

Disclaimer: This information is sourced from the official website.

Read more about MBA colleges in different locations:

• Top MBA Colleges in Bangalore
• Top MBA Colleges in Uttar Pradesh
• Top MBA Colleges in Karnataka
• Top MBA Colleges in Rajasthan

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
Pravin Dalal School MBA	INR 23 lakh	INR 21 LPA
IIM Nagpur MBA	INR 21 lakh	INR 16 LPA
Symbiosis Institute of Business Management MBA	INR 24 lakh	INR 25 LPA
S. P. Jain Institute of Management & Research MBA	INR 24 lakh	INR 30 LPA
National Institute of Bank Management MBA	INR 14 lakh	INR 15 LPA

Disclaimer: The above statistics are based on the latest available data.

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 package:

College Name	Placement Package	Top Recruiters
National Institute of Bank Management Placements	INR 15 LPA	Accenture, Barclays, Axis Bank, etc.
Indian Institute of Management, Nagpur Placements	INR 16 LPA	Deloitte India, ZS Associates, V-Guard, Tech Mahindra
Symbiosis Institute of Business Management Placements	INR 25 LPA	EY, Accenture, Google, Wipro, Flipkart, PwC, Jio
S. P. Jain Institute of Management & Research Placements	INR 30 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	8 (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:

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

• SIBM Pune Comparison with other colleges
• Welingkar Mumbai Comparison with other colleges
• SPJIMR Comparison with other colleges
• IIM Nagpur Comparison with other colleges
• NMIMS School of Business Management Comparison with other colleges
• Shailesh J. Mehta School of Management, IIT Bombay Comparison with other colleges