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Top MBA Colleges in Maharashtra

Admissions 2024, Eligibility, Exams, Cutoff

There are  More than 601 accredited MBA and PGDM programs are offered in Maharashtra, Among of 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-rated MBA programs 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.

MBA Colleges in Maharashtra: Overview 2024

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.

ParametersParticulars/Statistics
No. of top MBA Colleges12
Annual Fees

INR 3-5 lakh: 1

INR > 5 lakh: 10

Top SpecialisationsFinance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc.
Accepted entrance examsCAT
CMAT
MAT

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:

ExamsNumber of Colleges
CAT425
CMAT402
MAH CET398
MAT389
XAT389
ATMA364

Top MBA Colleges in Maharashtra with NIRF Ranking 2024

NIRF Ranking 2023College/ University NameNIRF Score
7IIM Mumbai(NITIE)71.99
10Indian Institute of Technology Bombay68.11
17Symbiosis Institute of Business Management, Pune62.74
20S.P. Jain Institute of Management & Research, Mumbai60.91
21SVKM`s Narsee Monjee Institute of Management Studies, Mumbai60.84
43Indian Institute of Management, Nagpur53.41
45K J Somaiya Institute of Management Studies and Research, Mumbai52.14
73Principal L N Welingkar Institute of Management Development and Research, Mumbai48.21
76National Institute of Bank Management, Pune47.08
102Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development, Pune
110INSTITUTE OF MANAGEMENT TECHNOLOGY, NAGPUR
114National Insurance Academy, Pune
117Pune Institute of Business Management, Pune

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 NameTotal Tuition Fee/Seat IntakeEntrance 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. The top government MBA programs in Maharashtra are listed here, along with an average cost.

College/ University NameAverage Annual fees
Shailesh J. Mehta School of Management, IIT Bombay, MumbaiINR 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], PuneINR 4,50,000
Department of Commerce and Management, Shivaji University, KohlapurINR 44,060
Savitribai Phule Pune University – [SPPU], PuneINR 18,500
Mumbai University – [MU]INR 22,000
College of Engineering – [COEP], PuneINR 1,99,150
Rashtrasant Tukadoji Maharaj Nagpur University, NagpurINR 23,712
Vivekanand Business School (VBS), MumbaiINR 4,50,000

The top recruiters in these companies include:

Bain & CompanyAccenture StrategyCISCO
AmazonCapgeminiGartner
Boston Consulting Group (BCG)Morgan StanleyBYJU’s
Barclays CapitalMcKinsey & CompanyTCS
GodrejAirtelJ P Morgan

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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. 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

What is the top Specialisations offered in Maharashtra

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:

SpecialisationsNumber of Colleges
Finance11
Sales & Marketing10
Operations8
Human Resources7
IT & Systems4
Q: What are the skills required to pursue MBA?

A: Listed below are the skills required to pursue MBA in Maharashtra :

Business acumen

Good communication skills
Problem-solving SkillsManagement skills
Strong mathematical skillsResearch oriented
Analytical thinkingLeadership qualities
Eye for detailGoal-oriented & ability to work under pressure
Q: What are the placement review rating for top MBA colleges in Maharashtra?

=

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

Q: 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

Best MBA Colleges in Maharashtra List

ITM BUSINESS SCHOOL, NAVI MUMBAI, MAHARASHTRA

Course: MBA & PGDM | FEE: ₹ 10,45,000 | AICTE, NBA, AIU .

UNIVERSAL BUSINESS SCHOOL (UBS), MUMBAI, MAHARASHTRA

Course: MBA & PGDM | FEE: ₹ 8,48,000 | AICTE, NBA, AIU .
ASU

Atlas skill tech Univesity, MUMBAI, MAHARASHTRA

Course: MBA & PGDM | FEE: ₹ 10,48,000 | AICTE, NBA, AIU .
SP Jain

SP Jain Institute of Management and Research

Course: MBA/PGDM/PG Diploma | FEE: ₹ 9.5 L - 22.1 L | AICTE, NBA, AACSB, AMBA
IIT_Delhi_6

Indian Institute of Technology (IIT)Bombay

Course: MBA & PGDM | FEE: ₹ 42 L | AICTE, UGC
IIM BANNER

Indian Institute of Management(IIM)

Course: MBA/PGDM/PG Diploma | FEE: ₹6.4 L - 12.5 L | AICTE
IIM Nagpur

IIM Nagpur

Course: MBA/PGDM/M.Sc | FEE: ₹9.3 L
JBIMS Mumbai

JBIMS Mumbai

Course: MBA/PGDM/M.Sc | FEE: ₹ 6 L - 7 L| AICTE
NMIMS Mumbai

NMIMS Mumbai

Course: MBA/PGDM/B.tech/BBA/M.Sc/ B.Com/MCA/MA | FEE: ₹ 3.3 L - 44 L | UGC
BITSOM (BITS School of Management) MUMBAI

BITSOM (BITS School of Management) MUMBAI

Course: MBA | FEE: ₹ 25.72 L
Mumbai University

Mumbai University

Course:MBA/B.Tech/Mca/Diploma/ BCA | FEE: ₹ 2.4 K - 22.4 L | UGC
ASBM Mumbai

Aditya School of Business Management MUMBAI

Course:PGDM/MMS | FEE: ₹ 7.9 L | AICTE

MBA Colleges in Pune

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.

INTERNATIONAL SCHOOL OF MANAGEMENT STUDIES (ISMS), PUNE, MAHARASHTRA

Course: MBA | FEE: ₹ 4,10,000 | AICTE, SPPU (Pune University)

SURYADATTA INSTITUTE OF MANAGEMENT AND MASS COMMUNICATION (SIMMC), PUNE MAHARASHTRA

Course: MBA & PGDM | FEE: ₹ 4,75,000 | AICTE, SPPU (Pune University)
RIIM PUNE

RAMACHANDRAN INTERNATIONAL INSTITUTE OF MANAGEMENT (RIIM), PUNE

Course: MBA & PGDM | FEE: ₹ 4,75,000 | AICTE, SPPU (Pune University)

DR. D. Y. PATIL B-SCHOOL PUNE, MAHARASHTRA

Course: MBA & PGDM | FEE: ₹ 7,50,000 | AICTE Approved

PUNE BUSINESS SCHOOL (PBS), PUNE, MAHARASHTRA

Course: PGDM | FEE: ₹ 5,75,000 | AICTE

INDIRA INSTITUTE OF MANAGEMENT (IIMP), PUNE

Course: MBA & PGDM | FEE: ₹ 2,20,000 | AICTE, SPPU (Pune University)

TRINITY INSTITUTE OF MANAGEMENT & RESEARCH (TIMR), PUNE

Course: MBA | FEE: ₹ 4,49,000 | AICTE, SPPU (Pune University)

AIMS INSTITUTE OF MANAGEMENT STUDIES (AIMS), PUNE

Course: MBA & PGP | FEE: ₹ 4,90,000 | AICTE,AICTE, SPPU (Pune University)
SIBM Pune

Symbiosis Institute of Business Management Pune

Course: MBA/PGDM/Executive MBA | FEE: ₹ 15.9 L – 22.2 L | AICTE
PIBM

Pune Institute of Business Management (PIBM)

Course: MBA/PGDM/ | FEE: ₹ 2.5 L – 30 L | AICTE
Balaji Institute of Modern Management Pune

Balaji Institute of Modern Management - [BIMM], Pune

Course: MBA/PGDM/Executive MBA/PGDM | FEE: ₹ 10.6 L | AICTE
National Insurance Academy (NIA)

National Insurance Academy (NIA) Pune

Course: MBA/PGDM/PG Diploma/Certificate | FEE: ₹ 4.7 K - 2.4 L | AICTE, AIU
IMED

Institute of Management and Entrepreneurship Development

Course:MBA/PGDM/BCA /BBA/MCA| FEE: ₹ 4.5 L | AICTE
Pune University

Pune University (PUMBA) Maharashtra

Course:MBA/PGDM /Executive MBA | FEE: ₹ 2.1L | AICTE

MIMA Institute of Management, Pune

Course:MBA/PGDM /Executive MBA | FEE: ₹ ₹5.6 L - 6.1 L | AICTE
COEP Pune

College of Engineering - [COEP], Pune

Course:MBA/PGDM/B.E./ B.Tech/M.Tech/PG Diploma | FEE: ₹ 81 K - 3.5 L | AICTE, UGC, NBA

MBA Colleges in Pimpri Chinchwad

Dr DY Patil Vidyapeeth - [DPU], Pune

Course: B.tech/MBBS/MBA/BBA/MDS | FEE: ₹ 3 L - 1.6 Cr | UGC, MHRD, AIU
DYPIMR

Dr DY Patil Institute of Management & Research Pimpri-Chinchwad

Course: MBA/MCA | FEE: ₹ 1.4 L | AICTE, NBA
Dr. DY Patil Institute of Management Studies

Dr. DY Patil Institute of Management Studies - [DYPIMS]

Course: MBA | FEE: ₹ 2.5 L | AICTE, NBA
IIEBM

IIEBM Indus Business School - [IIEBM IBS], Pune

Course:PGDM/ERP | FEE: ₹ 8 L
ICCS Pune

ICCS Pune Pimpri-Chinchwad

Course:/MBA/BBA/BBA | FEE: ₹ 1.95L
IICMR Pune

Institute of Industrial & Computer Management And Research - [IICMR], Pune

Course:/MBA/MCA | FEE: ₹ 5.8 L

ASM's Institute of Business Management & Research - [IBMR], Pune

Course:PGDM | FEE₹ 700,000
SIIB Pune

Symbiosis Institute of International Business (SIIB) Pimpri-Chinchwad

Course:MBA | FEE:₹ 2,173,000
RSCOE

Rajarshi Shahu College of Engineering - [RSCOE] Pimpri-Chinchwad

Course:MBA/B.Tech/M.Tech/Ph.D/MCA | FEE: ₹ 3.6 L | AICTE, UGC, NBA
Pratibha Institute of Business Management (PIBM), Pune

Pratibha Institute of Business Management (PIBM) Pimpri-Chinchwad

Course:MBA/MCA | FEE: 1.9 L - 2.2 L | AICTE