Top 10 UGC Approved MBA Colleges in Maharashtra for 2023
Studying at one of the top UGC-approved MBA colleges in Maharashtra is a great way to make your MBA dream come true. In this article, get the list of the top 10 MBA colleges in Maharashtra for 2023 along with their admission requirements. Keep reading to know more!
Top 10 UGC Approved MBA Colleges in Maharashtra: Maharashtra admissions for the 2023-25 academic session are in full swing. With the conclusion of the MAH MBA CET 2023, which is one of the top MBA entrance exams in the state, students must be looking for the right business school for them.
One of the key criteria while settling on a b-school is its recognition and approval and UGC (University Grants Commission) is the apex body that approves colleges, including those that offer MBA across India. Only the UGC-approved MBA colleges have the authority to award degrees under Section 22 of the UGC Act.
To keep students equipped with all the important information, this article will provide them with the list of the top 10 UGC-approved MBA Colleges in Maharashtra for 2023 along with other significant details.
Also Read: Top 10 AICTE-Approved MBA Colleges in India for 2023
Why is UGC Approval Required for MBA?
Yes, as mentioned before, UGC approval is required for an MBA course in India. Moreover, getting an MBA from a school that is recognised by the UGC has many benefits. Some of these are:
- It makes sure that your degree in management is recognised both at home and around the world.
- The University Grants Commission (UGC) is in charge of both funding and managing, setting, and keeping standards in colleges and universities.
- The UGC is also in charge of the Ministry of Education (UGC). So, in order for higher education institutions or institutes to offer graduation courses, they must first get permission from the UGC.
- A university that has been approved by the UGC is likely to have all the facilities it needs - a good ratio of teachers to students, and well-organized academic processes.
List of Top 10 UGC Approved MBA Colleges in Maharashtra 2023
Here are the top 10 UGC approved MBA colleges in Maharashtra, the programmes offered by them and the required course fees for each programme:
Name of the Institute | NIRF Ranking (as per 2022) | Cut-off Percentile |
9 | 68.84 | |
11 | 66.24 | |
17 | 66.24 | |
21 | 59.51 | |
25 | 58.14 | |
43 | 52.84 | |
Principal L N Welingkar Institute of Management Development and Research | 68 | 46.76 |
71 | 46.31 | |
91 | 43.63 | |
95 | 42.61 |
Also Read: Top 10 UGC Approved MBA Colleges in Karnataka in 2023
Placements at Top 10 UGC Approved MBA Colleges in Maharashtra 2023
In the table below, students can see the top recruiting companies as well as the average and maximum salary packages provided by the Top 10 UGC-approved MBA colleges in Maharashtra:
Name of the Institute | Top 5 Recruiters | Annual Average Salary (in INR) | Highest Salary (in INR) |
National Institute of Industrial Engineering, Mumbai | American Express, Dabur, Asian Paints, Pidilite, Accenture | 25.4 LPA | 49 LPA |
Indian Institute of Technology, Bombay | Accenture, EXL, Amazon, ITC, Google | 28.88 LPA | 54 LPA |
Symbiosis Institute of Business Management | EY, Accenture, Google, Wipro, Flipkart | 4.40 LPA | 4.40 LPA |
S. P. Jain Institute of Management & Research | Accenture, Amazon, American Express, Barclays, BYJU’s | 32.06 LPA | 53.16 LPA |
SVKM's Narsee Monjee Institute of Management Studies | Aditya Birla Capital, American Express, Goldman Sachs, Barclays, Tresvista | 57.65 LPA | 57.65 LPA |
Indian Institute of Management | Accenture, EXL, Amazon, ITC, Google | 26.64 LPA | 54 LPA |
Other Top UGC Approved MBA Colleges in Maharashtra
For students looking for more options to study MBA in Maharashtra, they can have a look at some other top UGC-approved MBA colleges in Maharashtra for the 2023-25 academic year:
Name of College | City |
Mumbai | |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | Pune |
Pune | |
Vivekanand Education Society’s Institute of Management Studies and Research | Mumbai |
Mumbai | |
Pune | |
Pune | |
Karjat | |
Pune | |
Mumbai |
All institutions should seek UGC accreditation since it is the only method for a university's degrees and certificates to be recognised as authentic. The University Grants Commission was established to maintain India's universities and colleges competitive with those across the globe. Most management students want to enter the workforce shortly after receiving their MBA. On the other hand, others would choose to learn more about management in general or to specialize in a particular management field by attending classes or taking online courses. If the UGC does not recognise their MBA degrees, the university where they wish to conduct management research may reject their applications.
Also Read:
| Top 10 UGC Approved Distance MBA Colleges in India in 2023 | Top 20 UGC Approved MBA Colleges in Delhi NCR in 2023 |
For any information related to admissions or to apply to the top 10 UGC approved MBA colleges in Maharashtra, please fill out the Common Application Form (CAF) or call our helpline number 1800-572-9877.