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.
Latest Update for MBA Colleges in Maharashtra 2026:
- 2025-12-10 : SNAP will be conducted on December 6, 14, and 20, 2025.
- 2025-12-10 : XAT is scheduled for January 5, 2026.
- 2025-12-10 : CMAT is scheduled for January 25, 2026.
- 2025-12-10 : MAH MBA CET is expected to be conducted in April 2026.
Top MBA Colleges In Maharashtra Highlights 2026
| 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 |
Top 10 MBA Colleges In Maharashtra
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 (formerly NITIE Mumbai)
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.
- Type: Government (IIM)
- Approved by: AICTE, MoE (Government of India)
- Accepted Exam: CAT
- Average Package: INR 25–30 LPA
- Course Fee: INR 14–INR 16 lakh
SP Jain Institute of Management and Research (SPJIMR), Mumbai
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.
- Type: Private (Autonomous)
- Approved by: AICTE, AACSB, AMBA
- Accepted Exams: CAT, XAT, GMAT
- Average Package: INR 33 LPA
- Course Fee: INR 20–INR 25 lakh
NMIMS School of Business Management, Mumbai
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.
- Type: Private (Deemed University)
- Approved by: UGC, AICTE
- Accepted Exam: NMAT
- Average Package: INR 12–INR 14 LPA
- Course Fee: INR 22–INR 24 lakh
K J Somaiya Institute of Management, Mumbai
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.
- Type: Private
- Approved by: AICTE
- Accepted Exams: CAT, XAT, NMAT, CMAT
- Average Package: INR 10–INR 12 LPA
- Course Fee: INR 13–INR 18 lakh
SJMSOM – IIT Bombay
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.
- Type: Government (IIT)
- Approved by: AICTE
- Accepted Exam: CAT
- Average Package: INR 28 LPA
- Course Fee: INR 10–INR 12 lakh
Symbiosis Institute of Business Management (SIBM), Pune
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.
- Type: Private (Deemed University)
- Approved by: UGC
- Accepted Exam: SNAP
- Average Package: INR 25–INR 27 LPA
- Course Fee: INR 23–INR 25 lakh
Welingkar Institute of Management Development & Research (WeSchool), Mumbai/Pune
Welingkar is well-known for its innovative programs and industry-oriented approach. Admission is based on MAH CET, CAT, XAT, CMAT, or ATMA scores.
- Type: Private
- Approved by: AICTE
- Accepted Exams: MAH CET, CAT, XAT, CMAT, ATMA
- Average Package: INR 8–INR 10 LPA
- Course Fee: INR 13–INR 14 lakh
PUMBA (Department of Management Sciences, Savitribai Phule Pune University)
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.
- Type: Government
- Approved by: AICTE
- Accepted Exams: MAH CET, CAT, CMAT
- Average Package: INR 6–INR 8 LPA
- Course Fee: INR 2–INR 3 lakh
MIT-WPU School of Management, Pune
MIT-WPU offers globally integrated MBA programs with strong corporate partnerships and international exposure. Admission is based on CAT, XAT, or MAH CET.
- Type: Private (Deemed University)
- Approved by: UGC, AICTE
- Accepted Exams: CAT, XAT, MAH CET
- Average Package: INR 7–INR 8.5 LPA
- Course Fee: INR 6–INR 10 lakh
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development (IMED), Pune
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.
- Type: Private (Deemed University)
- Approved by: UGC, AICTE, NAAC (A+)
- Accepted Exams: B-MAT, MAH CET
- Average Package: INR 7 LPA
- Course Fee: INR 5–INR 7 lakh
NIRF Ranking of Top MBA Colleges in Maharashtra
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 |
Top MBA Colleges in Maharashtra with Low Fees & High ROI (2026)
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 |
Top MBA Colleges in Maharashtra Placements 2025
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.
Placements of Best MBA Colleges in Maharashtra
| 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
- K J Somaiya Institute of Management: INR 10–INR 12 LPA
- PUMBA (University of Pune): INR 6–INR 8 LPA
- Welingkar Institute of Management: INR 8–INR 10 LPA
- MIT-WPU, Pune: INR 7–INR 8.5 LPA
- IMED, Pune: INR 7 LPA
Top MBA Colleges in Maharashtra Admission 2026
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).
Admission Through Entrance Exam
- Step 1: Register and apply for the entrance exams such as MAH CET, CAT, XAT, NMAT, CMAT, or SNAP, based on the colleges you wish to target.
- Step 2: Appear for the chosen exam and aim for a competitive percentile or score.
- Step 3: Based on your exam score, participate in the counselling or shortlisting process conducted by the respective exam body or institute.
- Step 4: Shortlisted candidates are called for further rounds like GD, PI, or WAT (varies by college).
- Step 5: On receiving the final admission offer, report to the allotted college for document verification, fee payment, and completion of admission formalities.
Direct / Institute-Level Admission (for Private Colleges)
Certain private institutions in Maharashtra, like Welingkar, MIT-WPU, and Bharati Vidyapeeth (IMED), also offer direct admission based on merit or internal evaluation.
- Step 1: Check eligibility criteria, fee structure, and placement data of your preferred institute.
- Step 2: Fill out the application form online or offline from the college website.
- Step 3: Submit necessary documents such as 10th and 12th mark sheets, graduation marksheets, and ID proofs.
- Step 4: Some colleges may conduct a personal interview or aptitude test before final selection.
- Step 5: Once shortlisted, report to the college for document verification and fee submission to confirm admission.
Popular Entrance Exams for MBA Admissions in Maharashtra 2026
| 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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