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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.
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 |
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Categories of MBA Colleges in Maharashtra |
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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. |
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.
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.
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 |
10 | 68.08 | |
12 | 64.52 | |
19 | 58.73 | |
20 | 58.64 | |
22 | 57.53 | |
Indian Institute of Management | 40 | 50.62 |
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 | - |
76-100 | - | |
76-100 | - | |
Vivekanand Education Society's Institute of Management Studies and Research | 76-100 | - |
Check the top MBA colleges in Maharashtra based on the Times BSchool 2021.
College Name | Times BSchool Ranking 2021 |
7 | |
22 | |
N.L Dalmia Institute of Management Studies And Research, Mumbai | 23 |
26 | |
MET Institute of Management, Mumbai | 28 |
28 | |
41 | |
Nest Academy Of Event Management And Development (NAEMD), Mumbai | 42 |
49 | |
58 | |
69 | |
73 | |
74 | |
82 | |
Sasmira's Institute of Management Studies And Research, Mumbai | 84 |
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 |
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 |
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 | - |
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 | - | - |
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 |
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 |
The cutoff percentile of MBA colleges in Maharashtra is listed below.
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 |
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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 |
Here are the top recruiters of MBA graduates at top MBA colleges in Maharashtra.
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DYPUSM Mumbai also known as DY Patil University School of Management is amongst the popular management institutes in Mumbai and is accepted by UGC and AICTE. The university is approved by NAAC-A Grade. DY Patil University School of Management Mumbai (DYPUSM) provides UG and PG courses like BBA and MBA. The university accepts admission on a merit basis in the university entrance exam. The annual fee for the MBA programme ranges between Rs 5,00,000 - 6,30,000.
Department of Management Sciences, Savitribai Phule Pune University, or PUMBA, was established in 1971. The university is accredited by the NAAC with an "A" grade and recognised by the UGC. PUMBA offers MBA courses in various specialisations. To be eligible for admission at PUMBA, candidates must have a bachelor's degree with a minimum of 50% marks. PUMBA admissions will be based on the CMAT/CAT/MH-CET scores. Some of the top companies that participate in the PUMBA placement drive are Axis, Kotak, Bank of Baroda, HDFC Bank, etc. For Department of Management Sciences placement, the highest CTC has been Rs 13.55 LPA and the average CTC has been Rs 6.74 LPA. PUMBA MBA admissions for Maharashtra candidates are contingent on a valid MAH CET exam score from DTE Maharashtra. A valid score in CMAT/ CAT/ MAH CET, on the other hand, works well for candidates from outside Maharashtra.
There are more than 928 colleges in Maharashtra that offer an MBA programme.
Cities such as Pune, Mumbai, Nashik, Thane and Aurangabad have the maximum number of MBA colleges in Maharashtra.
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.
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.
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.
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.
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.
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.
The most popular MBA specialisations in Maharashtra include Finance, Marketing, International Business, Entrepreneurship, Human Resource Management etc.
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.
