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Top MBA Colleges in Maharashtra

Admissions 2025, Eligibility, Exams, Cutoff

ENQUIRY

There are more than 601 accredited MBA and PGDM programs offered in Maharashtra, and many of these belong to the Top MBA Colleges in Maharashtra. Among these, 531 Colleges are private and 54 are government. Maharashtra is home to some of India''s best management education institutions in addition to being one of the country''s financial hubs. Maharashtra offers a variety of opportunities for higher education, including both state and private business institutes.

MBA Colleges in Maharashtra: Overview 2025

Top MBA Colleges in Maharashtra include PGDM programs with a variety of specializations, including foreign trade, supply chain management, marketing, finance, and information technology. The majority of Maharashtra''s best MBA programs are authorized and acknowledged by the UGC and AICTE. The top MBA/PGDM colleges in Maharashtra include SPJIMR Mumbai, SIBM Pune, and Institute of Management Technology - [IMT], Nagpur.

Parameters Particulars/Statistics
No. of top MBA Colleges 12
Annual Fees INR 3-5 lakh: 1
INR > 5 lakh: 10
Top Specialisations Finance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc.
Accepted entrance exams CAT, CMAT, MAT
Total MBA/PGDM Programs 601+ accredited programs
College Distribution 531 Private, 54 Government
Top Colleges SPJIMR Mumbai, SIBM Pune, IMT Nagpur

Top MBA Colleges in Maharashtra: Eligibility Criteria

The eligibility for an MBA program can vary from one college to another. However, the following are the fundamental requirements for admission to the MBA program in Maharashtra.

Candidates must have earned their degree in any field of study or its equivalent from an accredited university.
The majority of educational institutions in Pune require a minimum cumulative score of 50% for graduation or an equivalent.
The required minimum aggregate score for students in the reserved category is 45%.
Candidates having professional degrees, such as CA, CS, ICWAI, etc.

Entrance Exams for MBA Colleges in Maharashtra

The following is a list of entrance exams that leading MBA schools in Maharashtra accept:

CAT
425

Colleges

CMAT
402

Colleges

MAH CET
398

Colleges

MAT
389

Colleges

XAT
389

Colleges

ATMA
364

Colleges

Top MBA Colleges in Maharashtra with NIRF Ranking 2025

NIRF Ranking 2023 College/ University Name NIRF Score
7 IIM Mumbai(NITIE) 71.99
10 Indian Institute of Technology Bombay 68.11
17 Symbiosis Institute of Business Management, Pune 62.74
20 S.P. Jain Institute of Management & Research, Mumbai 60.91
21 SVKM`s Narsee Monjee Institute of Management Studies, Mumbai 60.84
43 Indian Institute of Management, Nagpur 53.41
45 K J Somaiya Institute of Management Studies and Research, Mumbai 52.14

Best Private MBA Colleges in Maharashtra

The following is a list of the best private MBA schools in Maharashtra, complete with course costs, admission requirements, and exam dates and seats available:

College Name Total Tuition Fee/Seat Intake Entrance Exam/Eligibility
Symbiosis Institute of Business Management INR 22.20 lakh
Seats: 282
Entrance Exam: SNAP
Graduation with 50% aggregate
S. P. Jain Institute of Management & Research INR 20.42 lakh
Seats: 720
Entrance Exam: CAT
Graduation with 50% aggregate
SVKM`s Narsee Monjee Institute of Management Studies INR 23.90 lakh
Seats: 1,260
Entrance Exam: NMAT
Graduation with 50% aggregate
Principal L N Welingkar Institute of Management Development and Research INR 13 lakh
Seats: 15,650
Entrance Exam: CAT, XAT, CMAT, ATMA
Graduation with 50% aggregate

ROI of Top MBA Colleges in Maharashtra

College Name Total Tuition Fee Annual Average Package
IIM Mumbai (formerly known as NITIE) INR 8.7 lakh - INR 12.53 lakh INR 22 LPA
NMIMS School of Business Management, Nagpur INR 23.90 lakh INR 16 LPA
Symbiosis Institute of Business Management INR 22.20 lakh INR 20.80 LPA
S. P. Jain Institute of Management & Research INR 20.42 lakh INR 30.10 LPA

Government MBA Colleges in Maharashtra

The cost of an MBA program is typically much greater in private universities than in public universities. Among the best government-run MBA programs in Maharashtra are SJMSOM Mumbai, IIM Mumbai (NITIE), and other programs.

College/ University Name Average Annual fees
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai INR 4,91,100
IIM Mumbai(NITIE) INR 7,03,000
Department of Management Science, Savitribai Phule Pune University - [PUMBA] INR 66,194
International Institute of Management Studies - [IIMS], Pune INR 4,50,000
Department of Commerce and Management, Shivaji University, Kohlapur INR 44,060

The top recruiters in these companies include:

Bain & Company
Accenture Strategy
CISCO
Amazon
Capgemini
Gartner
Boston Consulting Group (BCG)
Morgan Stanley
BYJU''s
Barclays Capital
McKinsey & Company
TCS
Godrej
Airtel
J P Morgan

Best MBA Colleges in Maharashtra List

ITM Business School

ITM BUSINESS SCHOOL, NAVI MUMBAI, MAHARASHTRA

Course: MBA & PGDM
Fee: ₹ 10,45,000
Approval: AICTE, NBA, AIU
Universal Business School

UNIVERSAL BUSINESS SCHOOL (UBS), MUMBAI, MAHARASHTRA

Course: MBA & PGDM
Fee: ₹ 8,48,000
Approval: AICTE, NBA, AIU
SIBM Pune

Symbiosis Institute of Business Management Pune

Course: MBA/PGDM/Executive MBA
Fee: ₹ 15.9 L – 22.2 L
Approval: AICTE
IIM Mumbai

Indian Institute of Management(IIM)

Course: MBA/PGDM/PG Diploma
Fee: ₹6.4 L - 12.5 L
Approval: AICTE
ISMS Pune

INTERNATIONAL SCHOOL OF MANAGEMENT STUDIES (ISMS), PUNE

Course: MBA
Fee: ₹ 4,10,000
Approval: AICTE, SPPU
RIIM Pune

RAMACHANDRAN INTERNATIONAL INSTITUTE OF MANAGEMENT (RIIM), PUNE

Course: MBA & PGDM
Fee: ₹ 4,75,000
Approval: AICTE, SPPU

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FAQ

How affordable is Studying MBA in Maharashtra?
It is costly to pursue MBA programs in Maharashtra, as the majority of universities charge more than INR 5 lakh in tuition. Fee range: INR 3-5 lakh (1 college), INR > 5 lakh (10 colleges).
What are the top Specialisations offered in Maharashtra?
Finance
11 Colleges
Sales & Marketing
10 Colleges
Operations
8 Colleges
Human Resources
7 Colleges
IT & Systems
4 Colleges
What are the skills required to pursue MBA?
Business acumen
Good communication skills
Problem-solving Skills
Management skills
Strong mathematical skills
Research oriented
Analytical thinking
Leadership qualities
Eye for detail
Goal-oriented & ability to work under pressure
Which are the job profiles offered after completing an MBA from top MBA Maharashtra?
  • Finance Manager
  • Marketing Manager
  • Sales Manager
  • Human Resources Manager
  • Operations Manager
  • Product Manager
  • Data Analytics Manager
  • Digital Marketing Manager