There are a total of 470+ private, 30+ government and 15+ public-private MBA colleges in Maharashtra. MBA admissions in Maharashtra take place through state level entrance exams like MAH CET, though top colleges accept scores of national level entrance exams like CAT, XAT and NMAT. The top MBA colleges in Maharashtra include IIM Mumbai, SPJIMR, NMIMS, K J Somaiya, SJMSOM (IIT Bombay), SIBM Pune, PUMBA, Welingkar, etc. The admission process involves entrance exams, followed by counseling and personal interviews/group discussions.
| Category | Details |
|---|---|
| Total MBA Colleges in Maharashtra | 470+ Private, 30+ Government, 15+ Public-Private |
| Admission Process | Entrance Exam → Counseling → GD/PI (Group Discussion / Personal Interview) |
| State-Level Exam | MAH CET (Maharashtra Common Entrance Test) |
| National-Level Exams | CAT, XAT, NMAT, CMAT, GMAT |
| Top Colleges | IIM Mumbai, SPJIMR, NMIMS, K J Somaiya, SJMSOM (IIT Bombay), SIBM Pune, PUMBA, Welingkar |
| Top Specialisations | Finance, Human Resources (HR), Sales and Marketing, Operations, Business Analytics, Information Technology, Entrepreneurship, Supply Chain Management |
Here’s a list of the top MBA colleges in Maharashtra based on the course fee and average package. Candidates can learn more about these colleges in the further sections.
| College Name | Course Fees | Average Package |
|---|---|---|
| IIM Mumbai | INR 14–INR 16 lakh | INR 25–30 LPA |
| SP Jain Institute of Management and Research (SPJIMR), Mumbai | INR 20–INR 25 lakh | INR 33 LPA |
| NMIMS School of Business Management, Mumbai | INR 22–INR 24 lakh | INR 12–INR 14 LPA |
| K J Somaiya Institute of Management, Mumbai | INR 13–INR 18 lakh | INR 10–INR 12 LPA |
| Symbiosis Institute of Business Management (SIBM), Pune | INR 23–INR 25 lakh | INR 25–INR 27 LPA |
IIM Mumbai is one of the top government MBA colleges in Maharashtra. It offers specialized management programs in Operations and Supply Chain Management and Sustainability Management. Admission is based on CAT scores, followed by a personal interview round. The institute is approved by AICTE and recognized as an Institute of National Importance.
SPJIMR is one of the best private MBA Colleges in Maharashtra known for academic excellence and industry integration. Admission is based on national level entrance exams like CAT, XAT, or GMAT.
NMIMS Mumbai is among the top private MBA colleges in Maharashtra, having excellent placement statistics, great alumni network and global exposure. Admission is based on NMAT scores.
K J Somaiya is one of the most reputed MBA College in Maharashtra placement wise and has excellent alumni background. Admission is based on CAT, XAT, NMAT, or CMAT scores.
Shailesh J. Mehta School of Management (SJMSOM)is part of IIT Bombay and offers one of the most competitive MBA programs in India. Admission is based on CAT scores.
SIBM Pune is a part of Symbiosis International University and among the top 5 MBA colleges in Maharashtra. Admission is based on scores of the SNAP exam.
Welingkar is well-known for its innovative programs and industry-oriented approach. Admission is based on MAH CET, CAT, XAT, CMAT, or ATMA scores.
PUMBA is one of the best government MBA colleges in Maharashtra, offering high ROI and quality education. Admission is through MAH CET, CAT, or CMAT.
MIT-WPU offers globally integrated MBA programs with strong corporate partnerships and international exposure. Admission is based on CAT, XAT, or MAH CET.
IMED Pune is a well-established management school offering MBA programs with industry-integrated curriculum. Admission is based on B-MAT (BVP’s entrance test) or MAH CET.
The following table lists down the NIRF ranking from 2023 to 2025 of top MBA colleges in Maharashtra.
| College / Institute | NIRF 2023 Rank | NIRF 2024 Rank | NIRF 2025 Rank |
|---|---|---|---|
| Symbiosis Institute of Business Management (SIBM Pune) | 17 | 13 | 101–125 |
| SP Jain Institute of Management and Research (SPJIMR, Mumbai) | 20 | 20 | 20 |
| NMIMS School of Business Management, Mumbai | 21 | 21 | 24 |
| Indian Institute of Management, Nagpur (IIM Nagpur) | 43 | 31 | 25 |
| K J Somaiya Institute of Management, Mumbai | 45 | 63 | 65 |
MBA colleges in Maharashtra with low fees include COEP Technological University, Dr. D.Y. Patil Institute of Management & Research, Pimpri, etc. The table below lists down top MBA colleges in Maharashtra which have low fees and better ROI than other colleges. Candidates who are looking for affordable yet good colleges can check out these colleges from the table below.
| College | Total Fees (INR Lakhs) | Average Placement (INR LPA) | ROI (%) |
|---|---|---|---|
| VNMKV University, Parbhani (MBA Agribusiness) | 0.8 | 6.2 | 775 |
| COEP Technological University, Pune (MBA Tech & Innovation) | 1.5 | 9.7 | 646 |
| Neville Wadia Institute of Management Studies & Research, Pune | 2.5 | 6.8 | 472 |
| AISSMS Institute of Management, Pune | 2.3 | 7.5 | 526 |
| Dr. D.Y. Patil Institute of Management & Research, Pimpri | 2.0 | 7.2 | 520 |
| Sinhgad Institute of Management, Pune | 2.4 | 7.4 | 516 |
When choosing an MBA college, placement performance is one of the most crucial factors for candidates. Maharashtra is home to some of the best business schools in India, with excellent placement records, strong corporate ties, and impressive ROI.
Given below are the top MBA colleges in Maharashtra with strong placement records and detailed statistics based on recent years.
| Particulars | IIM Mumbai | SPJIMR, Mumbai | NMIMS, Mumbai | SIBM, Pune | SJMSOM (IIT Bombay) |
|---|---|---|---|---|---|
| Total Recruiters | 150+ | 100+ | 180+ | 100+ | 150+ |
| Total Students Placed | 100% | 100% | 100% | 100% | 100% |
| Highest Package Offered | INR 47.5 LPA | INR 81 LPA | INR 27 LPA | INR 49 LPA | INR 53.8 LPA |
| Average Package Offered | INR 25–27 LPA | INR 32–33 LPA | INR 11–12 LPA | INR 28 LPA | INR 25.82 LPA |
Other Notable Colleges and Average Packages
Admission to top MBA colleges in Maharashtra is done either through state-level entrance exams like MAH CET or national-level exams like CAT, XAT, NMAT, CMAT, and SNAP. Top-tier institutes like IIM Mumbai, SPJIMR, and SJMSOM offer admission based on CAT scores followed by Group Discussion (GD), Personal Interview (PI), and Written Ability Test (WAT). Some private colleges like NMIMS and Symbiosis (SIBM) conduct their own entrance exams (NMAT and SNAP respectively).
Certain private institutions in Maharashtra, like Welingkar, MIT-WPU, and Bharati Vidyapeeth (IMED), also offer direct admission based on merit or internal evaluation.
| Exam Name | Conducting Body | Accepted By |
|---|---|---|
| MAH CET | State Common Entrance Test Cell, Maharashtra | Government & Private Colleges (PUMBA, Welingkar, KJ Somaiya, etc.) |
| CAT | IIMs | IIM Mumbai,SJMSOM (IIT Bombay), SPJIMR, K J Somaiya |
| XAT | XLRI Jamshedpur | SPJIMR,K J Somaiya, Welingkar |
| NMAT | GMAC | NMIMS Mumbai |
| SNAP | Symbiosis International University | SIBM Pune |
| CMAT / ATMA | NTA / AIMS | Select Private Colleges |









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Maharashtra Institute of Technology Pune or MIT Pune is considered one of the best engineering colleges in Maharashtra. It is a private institute that is affiliated with Dr Babasaheb Ambedkar Marathwada University and approved by AICTE. MIT Pune offers undergraduate and postgraduate courses in different specializations. Some of the popular courses offered at MIT Pune are B.Tech and M.tech. The institute accepts admission by counselling in DTE. Maharashtra Institute of Technology has a great placement record as well.
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Symbiosis Institute of Management Studies, Pune is one of the most prestigious management institutes in Pune. The institute offers postgraduate courses in Management studies and Business consisting of full-time and Executive Programs. Its flagship MBA course is primarily for Defence Personnel and their dependents with some seats for civilian candidates. The fees structure includes Rs 4.7 Lakhs per year.
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CAT
XAT
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CMAT
ATMA
SNAP