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MBA Colleges in Maharashtra

List Of 953 Management colleges in Maharashtra

The state of Maharashtra constitutes more than 440 top MBA colleges offering more than 1583 courses. Popular MBA Colleges in Maharashtra include IIM Nagpur, SIBM Pune, IIT Bombay, IMT Nagpur, and  SPJIMR Mumbai. The sole purpose of these colleges is to provide students career growth, better salary packages, and good job profiles. Various specializations are offered by the MBA colleges such as International Business, Finance, Retail Management, Operational Management, Human Resources, Marketing, etc. Some of the entrance exams accepted by the top MBA colleges in Maharashtra are MAT, CAT, XAT, CMAT, ATMA, GMAT, SNAP, IBSAT, MAH MBA CET, NPAT, etc. 

Top MBA Colleges in Maharashtra Highlights

The below table demonstrates some of the key highlights about MBA Colleges in Maharashtra:

Total Number of MBA Colleges in Maharashtra

440+

Approval Authority for MBA Colleges in Maharashtra

Categories of MBA Colleges in Maharashtra

  • Government: 5

  • Private: 371

  • Public: 3

Total Courses Offered by MBA Colleges in Maharashtra

1583

Average Fees

INR 1,00,000 - 25,00,000

Accepted Entrance Exams for MBA Admission in Maharashtra

MAT, CAT, XAT, CMAT, ATMA, GMAT, SNAP, IBSAT, MAH MBA CET, NPAT.

Top MBA Colleges in Maharashtra Eligibility Criteria

Eligibility varies from institution to institution in different MBA colleges. Check the basic eligibility requirements of top MBA colleges in Maharashtra here. Aspirants must have a graduation degree from a recognized institution or university. For many colleges, 50% criteria must be fulfilled in the case of unreserved category and 45% in the case of reserved category.  Students in the final years or whose results are awaited are also eligible to apply for MBA admissions. Some colleges often ask for work experience for providing admission to the MBA program.

Compare Top MBA Colleges in Maharashtra Ranking 

Several agencies release the rankings for the MBA colleges based on certain parameters every year. These parameters can be University Perception, Gender Diversity, Faculty Quality, Extra-Curricular Activities, Placements, etc. Mentioned below you can find the top MBA colleges in Maharashtra rated by NIRF, Outlook, Times BSchool for the year 2021.

Top MBA Colleges in Maharashtra NIRF Rankings 2021 

IIT Bombay has been ranked as the top MBA college in Maharashtra in the NIRF ranking 2021.  Many other top colleges such as the National Institute of Industrial Engineering, Mumbai, Symbiosis Institute of Business Management, S. P. Jain Institute of Management & Research, and many more have gained rankings by NIRF this year. Check the top MBA colleges in Maharashtra based on the NIRF Ranking 2021 below. 

College Name

NIRF 2021 Ranking

NIRF Score

Indian Institute of Technology Bombay

10

68.08

National Institute of Industrial Engineering, Mumbai

12

64.52

S. P. Jain Institute of Management & Research

19

58.73

Symbiosis Institute of Business Management

20

58.64

SVKM's Narsee Monjee Institute of Management Studies

22

57.53

Indian Institute of Management

40

50.62

K.J.Somaiya Institute Of Management

56

46.68

Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development

69

43.99

Principal L N Welingkar Institute of Management Development and Research

72

43.73

Balaji Institute of Management and HRD

76-100

-

Institute Of Management Technology, Nagpur

76-100

-

Pune Institute of Business Management

76-100

-

Vivekanand Education Society's Institute of Management Studies and Research

76-100

-

Top MBA Colleges in Maharashtra Times BSchool Rankings 2021

Check the top MBA colleges in Maharashtra based on the Times BSchool 2021.

College Name

Times BSchool Ranking 2021

K.J. Somaiya Institute of Management, Mumbai

7

SIES College of Management Studies, Mumbai

22

N.L Dalmia Institute of Management Studies And Research, Mumbai

23

Universal Business School, Mumbai

26

MET Institute of Management, Mumbai

28

ITM Business School, Navi Mumbai

28

Durgadevi Saraf Institute of Management Studies, Mumbai

41

Nest Academy Of Event Management And Development (NAEMD), Mumbai

42

Amity Global Business School (AGBS), Mumbai

49

Aditya Institute of Management Studies and Research, Mumbai

58

D.Y.Patil University. School of Management, Mumbai

69

IBSAR, Navi Mumbai

73

Vivekanand Education Society’s Business School, Mumbai

74

Lala Lajpatrai Institute of Management, Mumbai

82

Sasmira's Institute of Management Studies And Research, Mumbai

84

Top MBA Colleges in Maharashtra Outlook Rankings 2021

Check the top MBA colleges in Ahmedabad based on Outlook 2021.

College Name

Outlooks Ranking 2021

S. P. Jain Institute of Management & Research

2

SIBM Pune

3

NMIMS Mumbai

4

Jamnalal Bajaj Institute Of Management Studies -[JBIMS] Mumbai

14

National Institute of Industrial Engineering (NITIE)

17

Prin. L. N. Welingkar Institute of Management Development & Research

21

K J Somaiya Institute of Management, Mumbai 

24

List of Top Government MBA Colleges in Maharashtra with Fee

Here is the list of Top Government MBA Colleges in Maharashtra along with their course fees.

College Name

Average Fees

SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology

INR 4.56 Lacs

NITIE Mumbai

INR 3.6 Lacs

JBIMS Mumbai 

INR 3 lacs

IIM Nagpur

INR 2.75 Lacs

SIMSREE Mumbai - Sydenham Institute of Management Studies Research and Entrepreneurship Education

INR 51 K

List of Private MBA Colleges in Maharashtra with Fee

Here is the list of Top Private MBA Colleges in Maharashtra along with their course fees.

Name of the College

Course Fees

SPJIMR, Mumbai

INR 17.5 Lacs

SIBM Pune

INR 9.6 Lacs

SVKM's Narsee Monjee Institute of Management Studies

-

KJ Somaiya SIMSR

-

IMT Nagpur

INR 8.2 Lacs

Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research

-

ROI of Top MBA Colleges in Maharashtra

Check out the (Return on Investment) ROI of Top MBA Colleges in Maharashtra in the tabular format below.

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%

College Name

Total Fees

Average Placement Package

ROI Rank*

NITIE Mumbai

INR 3,60,000

INR 19,77,000

1

IIT Bombay

INR 4,24,000

INR 20,80,000

2

IMED Pune

INR 2,42,000

INR 7,00,000

3

KJ SIMSR Mumbai

INR 3,30,000

INR 9,40,000

4

NMIMS Mumbai

INR 9,25,000

INR 17,58,000

5

SIBM Pune

INR 9,60,000

INR 17,48,000

6

SPJIMR Mumbai

INR 17,50,000

INR 22,90,000

7

IMT Nagpur

INR 8,20,000

INR 7,64,000

8

BITSoM

INR 24,50,000

-

-

MBA Colleges in Maharashtra with Fee Structure

Check the MBA colleges in Maharashtra and their fee structure provided below.

Name of the College

Course Fees

IIT Bombay 

INR 9.55 Lacs

National Institute of Industrial Engineering 

INR 10.83 Lacs

S. P. Jain Institute of Management and Research (SPJIMR, Mumbai)

INR 8.00 Lacs - INR 17.50 Lacs

Symbiosis Institute of Business Management

INR 14.40 Lacs - INR 25.40 Lacs

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

INR 20.84 Lacs

IIM Nagpur 

INR 13.74 Lacs

K. J. Somaiya Institute of Management Studies & Research 

INR 16.19 Lacs

IMT Nagpur 

INR 11.94 Lacs

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development 

INR 4.50 Lacs

Principal L N Welingkar Institute of Management Development and Research 

INR 1.60 Lacs

MBA Colleges in Maharashtra with Placement

Check the top MBA colleges in Maharashtra along with the average salary offered by them during placements as prescribed below.

MBA Colleges in Maharashtra

Average Salary

SPJIMR Mumbai

INR 22,09,000

IIT Bombay

INR 20,08,000

NMIMS Mumbai

1NR 17,58,000

KJ SIMSR Mumbai

INR 9,04,000

IMT Nagpur

INR 7,64,000

MBA Colleges in Maharashtra with Cutoff

The cutoff percentile of MBA colleges in Maharashtra is listed below.

SPJIMR Mumbai Cutoff

IIT Bombay Cutoff

NMIMS Mumbai Cutoff

KJ SIMSR Mumbai Cutoff

IMT Nagpur Cutoff

NITIE Mumbai Cutoff

Top MBA Colleges in Maharashtra Accepting MBA Entrance Exam Scores

Candidates are shortlisted for MBA admission based on their performance in the entrance exams such as MAT, CAT, XAT, CMAT, ATMA, GMAT, etc. Candidates can check the list of MBA colleges in Maharashtra prescribed below accepting such entrance exams. Here is the picture below depicting the top MBA colleges in Maharashtra accepting MBA entrance exam scores.

Entrance Exams

Number of Colleges

CMAT

137

CAT

75

MAT

52

MAH CET

43

XAT

38

ATMA

17

GMAT

10

SNAP

9

MHCET MBA

4

JEE Mains

3

NMAT

2

Also Check:

Top MBA Colleges in Maharashtra Accepting CAT Scores

Top MBA Colleges in Maharashtra Accepting MAT Scores

Top MBA Colleges in Maharashtra Accepting MAH CET Scores

Top MBA Colleges in Maharashtra Accepting CMAT Scores

Top MBA Colleges in Maharashtra Accepting XAT Scores

Top MBA Colleges in Maharashtra Accepting ATMA Scores

MBA Specialisations Offered in Maharashtra

Various specializations are offered by the top MBA colleges in Maharashtra to aspirants based on their interests. The specializations include Finance, Marketing, Human Resource Management, General Management, International Management, Operations Management, etc. Refer to the top 10 MBA specializations offered in Ahmedabad below.

Specializations

Number of Colleges

Business Administration

194

Finance

138

Marketing

135

Human Resource Management

135

General Management

123

International Management

68

Operations Management

66

Supply Chain Management

38

Entrepreneurship

34

Information Technology

33

Top Recruiters of MBA Graduates in Maharashtra

Here are the top recruiters of MBA graduates at top MBA colleges in Maharashtra.

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S.P. Jain Institute of Management and Research (SPJIMR) , Mumbai

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K. J. Somaiya Institute of Management Studies and Research (KJ SOMAIYA) , Mumbai

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Narsee Monjee Institute of Management Studies (NMIMS) , Mumbai

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  • MBA (446)
  • PGDM (134)
  • BBA (215)
  • PGD (131)
  • Certificate (99)
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  • BMS (114)
  • Executive MBA (34)
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Symbiosis Institute of Management Studies (SIMS) , Pune

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Pune Business School (PBS) , Pune

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Sanjay Ghodawat University (SGU Kolhapur) , Kolhapur

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SIES College of Management Studies (SIESCOMS) , Mumbai

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Balaji Institute of Modern Management (BIMM) , Pune

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Suryadatta Group of Institutes (SGI) , Pune

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Flame University , Pune

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Vivekanand Business School (VBS) , Mumbai

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MIT School of Management (MIT PUNE) , Pune

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Mitcon Institute of Management (MITCON) , Pune

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FAQs

Which entrance exams are accepted by the MBA colleges in Maharashtra?

MBA colleges in Maharashtra either conduct the institute level entrance exam or accept the national level exams such as CMAT, CAT, XAT, MAT, ATMA, GMAT, SNAP etc.

Which are the top MBA specialisations in Maharashtra?

The most popular MBA specialisations in Maharashtra include Finance, Marketing, International Business, Entrepreneurship, Human Resource Management etc.

Which MBA colleges in Maharashtra offer education through distance learning?

The MBA colleges in Maharashtra that provide distance learning education are Dhanwate National College (DNC), Nagpur, Institute of Sports Science & Technology (ISST PUNE), Pune, Kazian Global School of Business Management (KSBM), Mumbai, Knowledge++ Institute of IT & Management (KIITM), Thane and MIT School of Distance Education (MITSDR), Nagpur etc.

Which MBA colleges in Maharashtra charge less than 1 Lakh?

The MBA colleges in Maharashtra that charge less than 1 Lakh per semester are Garware Institute of Career Education and Development (GICED), Mumbai, Jaipuria Institute of Management - JIM, Noida, Institute of Management Studies (IMS), Noida, K. J. Somaiya Institute of Management Studies and Research (KJ SOMAIYA), Mumbai, Neville Wadia Institute of Management Studies and Research (NWIMSR Pune), Pune and many more.

Does Maharashtra have Public colleges that provide the MBA programme?

Yes, Maharashtra does provide MBA education through Public colleges such as National Institute of Industrial Engineering (NITIE), Mumbai, National Institute of Securities Markets (NISM), Navi Mumbai, Kohinoor Business School (KBS), Mumbai, Indian Aerospace & Engineering, Mumbai, Shri Binzani City College (SBCC), Nagpur etc.

Which are the top private MBA colleges in Maharashtra?

The top private MBA colleges in Maharashtra that provide admission to the candidates are Shailesh J Mehta School of Management (SJMSOM), IIT Bombay, Symbiosis Institute of Management Studies (SIMS), Pune, Garware Institute of Career Education and Development (GICED), University of Mumbai, Mitcon Institute of Management (MITCON), Pune, Thadomal Shahani Centre for Management (TSCFM), Mumbai and many more.

Do MBA colleges in Maharashtra consider the CAT scores for admissions?

Yes, plenty of MBA colleges in Maharashtra consider the CAT scores for admission to the institute. Some of them are Aditya Institute of Management Studies and Research (AIMSR), Mumbai, Amity University, Mumbai, International School of Business and Media - (ISB&M), Pune, Universal Business School (UBS), Karjat, Mumbai, Institute of Business Studies and Research (IBSAR), Navi Mumbai etc.

Which MBA colleges in Maharashtra accept the CMAT scores?

Popular MBA colleges in Maharashtra that accept the CMAT scores are Suryadatta Group of Institutes (SGI), Pune, Thadomal Shahani Centre for Management (TSCFM), Mumbai, Mitcon Institute of Management (MITCON), Pune, Aditya Institute of Management Studies and Research (AIMSR), Mumbai, D Y Patil University School of Management - (DYPUSM), Mumbai etc.

Which city has the most MBA colleges in Maharashtra?

Cities such as Pune, Mumbai, Nashik, Thane and Aurangabad have the maximum number of MBA colleges in Maharashtra.

How many MBA colleges are available in Maharashtra?

There are more than 928 colleges in Maharashtra that offer an MBA programme.

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