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. The top MBA colleges in Maharashtra are listed below, along with key information regarding the program. Find out which institution in Maharashtra is ideal for an MBA by reading on.
Top MBA Colleges in Maharashtra include PGDM programs with a variety of specializations, including foreign trade, supply chain management, marketing, finance, and information technology. There are More than 601 accredited MBA/PGDM programs are offered in Maharashtra; 531 of these are private and 54 are government. 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 T 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 |
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.
The following is a list of entrance exams that leading MBA schools in Maharashtra accept:
| Exams | Number of Colleges |
| CAT | 425 |
| CMAT | 402 |
| MAH CET | 398 |
| MAT | 389 |
| XAT | 389 |
| ATMA | 364 |
| 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 |
| 73 | Principal L N Welingkar Institute of Management Development and Research, Mumbai | 48.21 |
| 76 | National Institute of Bank Management, Pune | 47.08 |
| 102 | Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development, Pune | – |
| 110 | INSTITUTE OF MANAGEMENT TECHNOLOGY, NAGPUR | – |
| 114 | National Insurance Academy, Pune | – |
| 117 | Pune Institute of Business Management, Pune |
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:Â 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:Â 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 |
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 |
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. The top government MBA programs in Maharashtra are listed here, along with an average cost.
| 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 |
| Savitribai Phule Pune University – [SPPU], Pune | INR 18,500 |
| Mumbai University – [MU] | INR 22,000 |
| College of Engineering – [COEP], Pune | INR 1,99,150 |
| Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur | INR 23,712 |
| Vivekanand Business School (VBS), Mumbai | INR 4,50,000 |
| 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 |
| Top MBA Colleges in Mumbai | Top MBA Colleges in Pune |
| Top MBA Colleges in Pimpri-chinchwad | Top MBA Colleges in Nagpur |
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It is costly to pursue MBA programs in Maharashtra, as the majority of universities charge more than INR 5 lakh in tuition. The number of top MBA schools in Maharashtra and their total tuition costs are tabulated below:
Fee Range | Number of Colleges |
|---|---|
INR 3-5 lakh | 1 |
INR > 5 lakh | 10 |
Maharashtra offers the MBA degree with a number of specializations. For a thorough summary of the top specializations provided by the top MBA schools in Maharashtra, refer to the table below:
A: Listed below are the skills required to pursue MBA in Maharashtra :
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 |
=
College Name | Placement Review Rating |
|---|---|
IIM Mumbai (formerly known as NITIE) | 4.8 |
Indian Institute of Management, Nagpur | 4.3 |
Symbiosis Institute of Business Management | 4.4 |
S. P. Jain Institute of Management & Research | 4.2 |
Principal L N Welingkar Institute of Management Development and Research | 3.6 |
There are 242 premier MBA colleges in Pune, among of them 5 Colleges are owned by the government and 172 are privately owned. Top MBA Colleges in Pune accept a number of entrance exams, including the CAT, MAT, CMAT, XAT, and others.
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