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AICTE Approved MBA Colleges in Maharashtra

The top AICTE approved MBA colleges in Maharashtra include K J Somaiya Institute of Management, NMIMS, SPJIMR, Amity University, and Symbiosis Institute of Business Management (SIBM), Pune. These colleges are some of the best you can choose for MBA in Maharashtra.

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Maharashtra is a prime destination for MBA admission since many of the top AICTE approved MBA colleges in Maharashtra are top-ranked management institutes in India. If you are planning your higher education in Maharashtra, you must check these colleges since they are well-reputed and provide the best ROI and quality of education. Some of the most well-known colleges in this list include K J Somaiya Institute of Management, NMIMS, SPJIMR, Amity University, and Symbiosis Institute of Business Management (SIBM), Pune. Use this list to update your own target colleges for MBA admission in Maharashtra.

Also Read:

Top AICTE Approved MBA Colleges in Maharashtra

It is important that you make sure the college/ university you choose for MBA admission is approved and recognized by relevant authorities like AICTE. Check the list of top AICTE approved MBA colleges in Maharashtra below:

Name of the College

Course Fee (Approx.) (in INR)

Courses Offered

Entrance Exams Accepted

SP Jain Institute of Management & Research (SPJIMR)

22-25 L (total)

PGDM with specialisations in Finance, Marketing, Operations, etc.

CAT / GMAT / Institute Admission Process

Symbiosis Institute of Business Management (SIBM)

17.2 L to 24.2 L (range)

MBA / PGP in various streams

SNAP / MAH CET / Others

NMIMS / SBM NMIMS

8 L (1st year) for flagship

MBA / PGDM, many specialisations

NMIMS Test / CAT / WMAT, etc.

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

3,94,250 (1st year)

MBA, Executive, etc.

CAT / GATE / Institute Admission Process

JBIMS (Jamnalal Bajaj Institute of Management Studies)

6-10 L (approx)

MMS / MBA / management programs

MAH CET / CAT / Institute Admission Test

Welingkar / WeSchool

7,04,000 (1st year)

PGDM / MBA / specialization streams

Institute Admission Test / CAT / State Entrance Test

KJ Somaiya Institute of Management

10,77,200 (1st year)

MBA / PGDM

CAT / Institute Admission Test / MAH CET

SIES College of Management Studies (SIESCOMS)

4,00,000 (1st year)

MBA / PGDM and related disciplines

CAT / MAH CET / Others

N. L. Dalmia Institute of Management Studies & Research (NLDIMSR)

8,25,000 (1st year)

MBA / PGDM

CAT / MAH CET / Institute Admission Test

Indira School of Business Studies (ISBS / ISBST)

4,18,000 to 7,20,000 (range across specialisations)

MBA / PGDM

MAH CET / CAT / Others

Neville Wadia Institute of Management Studies & Research

2,57,000 to 3,80,000

MBA / PGDM

MAH CET / Others

ROI of AICTE Approved MBA Colleges in Maharashtra

Return on Investment or ROI is an important metric used to judge an institute based on the financial return you will enjoy if you graduate from the institute. Check the estimated ROI of the top AICTE approved MBA colleges in Maharashtra below:

Name of the College

Highest Package (in INR)

Average Package (in INR)

Estimated ROI

SPJIMR, Mumbai

81 LPA (Domestic)

33 LPA

1.25× / year

SIBM (Symbiosis), Pune

49 LPA

28.16 LPA

1.16× / year

SBM — NMIMS (Mumbai)

67.70 LPA

25.13 LPA

1.01× / year

JBIMS (University of Mumbai)

87.12 LPA (Reported Peak)

26.12 LPA

3.48× / year

Welingkar / WeSchool (Mumbai)

40 LPA

22.06 LPA

1.58× / year

K. J. Somaiya Institute of Management (Mumbai)

24.95 LPA

15.73 LPA

0.93× / year

SIES College of Management Studies (SIESCOMS), Navi Mumbai

9.54 LPA

5.90 LPA

0.74× / year

N. L. Dalmia Institute of Management (NLDIMSR), Mumbai

25.50 LPA

8.78 LPA

0.60× / year

Indira School of Business Studies (ISBS), Pune

16.3 LPA (Reported Peak)

6.6–6.97 LPA

0.83–0.87× / year

Neville Wadia Institute of Management Studies & Research (NWIMSR), Pune

10.05 LPA

5.50 LPA

1.57× / year

Hopefully, this article helped you choose the best AICTE approved MBA colleges in Maharashtra based on your career goals and interests.

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