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.
Entrance Exams for MBA Colleges in Maharashtra
The following is a list of entrance exams that leading MBA schools in Maharashtra accept:
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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:
Best MBA Colleges in Maharashtra List
ITM BUSINESS SCHOOL, NAVI MUMBAI, MAHARASHTRA
UNIVERSAL BUSINESS SCHOOL (UBS), MUMBAI, MAHARASHTRA
Symbiosis Institute of Business Management Pune
Indian Institute of Management(IIM)
INTERNATIONAL SCHOOL OF MANAGEMENT STUDIES (ISMS), PUNE
RAMACHANDRAN INTERNATIONAL INSTITUTE OF MANAGEMENT (RIIM), PUNE
MBA Colleges in Maharashtra Cities
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