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Top MBA Colleges in Maharashtra: Ranking, Fees, Cut-off, Courses, Placements, Admission 2025

Written By universitykart team | Last updated date Jun, 10, 2025

Top MBA Colleges in Maharashtra - Check the list of the best MBA colleges in Maharashtra with ranking, fees, cut-off, admission 2025, brochure, placements, reviews, entrance exams, and eligibility criteria.

If you are searching for an MBA from a Top MBA college in Maharashtra then this page going to help you to find the best MBA college in Maharashtra. This page going to help you, through this you will find information about top MBA colleges in Maharashtra, their fees, and other related information that you want to know about the best MBA college in Maharashtra.

Maharashtra is a state and is famous for its management education in India. 665 MBA colleges in Maharashtra which include 589 MBA colleges are private and 55 MBA colleges are government. SP Jain Mumbai, JBIMS, Mumbai, IIEBM Indus Business School Pune, IIM Mumbai, etc. are the popular MBA colleges in Maharashtra. Almost all the top MBA colleges in Maharashtra are approved and recognized by AICTE and UGC.

As per the NIRF Ranking, SJMSOM Mumbai ranked 11 and SIBM Pune ranked 17 among all the Best MBA colleges in Maharashtra. MBA Admissions offered by the best MBA colleges in Maharashtra are through MAH CET, CAT, SNAP, CMAT, etc. scores, and GD/ PI rounds. Some popular MBA colleges in Maharashtra also offer direct admissions to MBA courses.

Top MBA Colleges in Maharashtra

Top MBA Colleges in Maharashtra 2025: Highlights

MBA courses are a two-year postgraduate degree program in top MBA colleges in Maharashtra that offers vast career opportunities after course completion. The top MBA colleges in Maharashtra prepare students for leadership roles in the business world and enable them to find work in varied industries in India as well as abroad.

The below table indicates the MBA course details:

Particular

Value

No. of Colleges

600+

Approval Authority

AICTE, NBA, AACSB, AMBA, UGC

Admission Process

Based on entrance exams like CAT, MAT, XAT, ATMA, CMAT, GMAT, MAH MBA CET, SNAP, IBSAT, and NPAT.

NIRF Ranked college

IIM Mumbai(NITIE)

The Times of India ranked college

Symbiosis Institute of Business Management, Pune, International School of Business And Media, Pune, School of Management, MIT WPU, etc

Fees

Rs. 5,000-25,00,000

MBA Specializations

General Management, Finance, Sales and Marketing, Hospital Administration, Human Resources, Tourism, IT and systems, etc.

What is an MBA?

In MBA classes, students dive into fundamental subjects like Finance Operations, Marketing, Human Resources, and Entrepreneurship. These MBA subjects are taught via classes as well as group projects, case studies as well as experiential learning. The MBA classes at Top Master of Business Administration (MBA) Colleges in Maharashtra generally cover a variety of subjects, such as ethical business practices, organizational behavior economy, analysis of data, and the process of making decisions.

Why Study MBA Courses?

MBA can help you improve your skills and gain exposure that you did not get from a bachelor's degree. There is no other degree that MBA is focused on enhancing the soft skills of communicating in a business setting as well as leadership, problem-solving teamwork, and negotiation. When you pursue an MBA from a Top Master of Business Administration (MBA) College in Maharashtra you gain an understanding of management and business areas.

Promising Career: A Promising Career most straightforward method to boost the career of your choice is to pursue an MBA. Master of Business Administration. Students are focused on the career opportunities that come with an MBA. It's becoming more important to possess managerial capabilities and experience as the world gets ever more competitive.

Develops Management Skills: Many MBA specializations allow students to focus on a specific area of management in business. Each one of the specializations assists students in establishing careers in that specific field.

High Salary: Upon completion of the MBA course from Top MBA Colleges in Maharashtra, almost every student is given an increase. Students can pick their dream employers through the placement options that colleges offer. Based on the institution, the average MBA pay ranges between INR 7,00,000 to INR 9,00,000. However, it could go as high as INR 15,00,000 up to INR 20,00,000 in certain instances.

Entrepreneurship Abilities: Ability to Become Entrepreneurial Learn about running an enterprise. For students who have family businesses, this can be particularly helpful. The business will function more efficiently and earn higher returns due to this method.

Top MBA colleges in Maharashtra 2025

There are 600+ MBA colleges in Maharashtra of which, you can find private as well as government colleges. Some of the most accepting Entrance Exams for Top MBA colleges in Maharashtra are MAHCET, MAT, CAT, XAT, etc. Some top MBA colleges in Maharashtra include MITADT, Pune, National Academy of Event Management & Development (NAEMD), Mumbai, Ajeenkya DY Patil University, School of Management, Pune, Indira College of Engineering & Management, Pune, etc.

Here are the top MBA colleges in Maharashtra that offer MBA courses within the city:

College Name

Fee

SP Jain [SPJIMR], Mumbai INR 24,00,000
JBIMS Mumbai, Mumbai INR 3,50,000
IIM Mumbai - Indian Institute of Management, Mumbai INR 21,00,000
TISS Tata Institute of Social Sciences, Mumbai INR 1,00,000
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai INR 7,17,650
Symbiosis Institute of Business Management - [SIBM], Pune INR 14,69,500
School of Business Management, NMIMS University - [SBM NMIMS], Mumbai INR 11,95,000
Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune INR 12,14,000
Indian Institute of Management - [IIMN], Nagpur INR 18,90,000
Symbiosis Institute of International Business - [SIIB], Pune INR 9,55,000
KJ Somaiya Institute of Management, Mumbai INR 10,07,402
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai INR 7,00,000
SIES School of Business Studies - [SIES SBS], Mumbai INR 8,00,000
Dr. D. Y. Patil B-School, Pune INR 4,23,000
Symbiosis Institute of Digital and Telecom Management - [SIDTM], Pune INR 8,02,000

Top Government MBA colleges in Maharashtra

There are around 54 government MBA colleges in Maharashtra, with affordable fees and prestigious names. It is one of the main reasons that most of the candidates prefer the top BBA colleges in Maharashtra that are owned by the government. Additionally, they also get facilities like well-qualified faculty members, eminent alumni, state-of-the-art laboratories, high-quality education, and excellent accreditation.

As government colleges have limited seats and high competition, they only accept students who clear entrance exams with maximum marks and have high merits. Top government MBA colleges in Maharashtra also provide scholarships to deserving candidates and those who have weaker economic backgrounds including expenses like hostel fees, transportation, and books.

A list given below is the top government MBA colleges in Maharashtra that offer MBA courses:

College Name

Fee

IIM Mumbai - Indian Institute of Management, Mumbai INR 21,00,000
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai INR 7,17,650
Indian Institute of Management - [IIMN], Nagpur INR 18,90,000
Savitribai Phule Pune University - [SPPU], Pune INR 18,500
IIT Bombay - Indian Institute of Technology - [IITB], Mumbai INR 4,29,900
Mumbai University - [MU], Mumbai INR 3,65,680
College of Engineering - [COEP], Pune INR 2,08,000
Rashtrasant Tukadoji Maharaj Nagpur University - [RTMNU], Nagpur INR 23,712
Yashwantrao Chavan Maharashtra Open University- [YCMOU], Nashik INR 16,878
Vasantrao Naik Marathwada Krishi Vidyapeeth - [VNMKV], Parbhani INR 46,300

Top Private MBA Colleges in Maharashtra

There are 599 privately owned top MBA colleges in Maharashtra. Private colleges have great environments to study and there are many things to explore. Private colleges are more expensive than government colleges, mainly because of their amazing infrastructure, ac rooms, extracurricular activities, etc. Some of the colleges have affiliations with various MNCs which build the chances for student's placement after completion of the course.

A list given below is the top private MBA colleges in Maharashtra that offer MBA courses:

Name of College

Average Annual Fee(INR)

SP Jain [SPJIMR], Mumbai INR 24,00,000
JBIMS Mumbai, Mumbai INR 3,50,000
TISS Tata Institute of Social Sciences, Mumbai INR 1,00,000
Symbiosis Institute of Business Management - [SIBM], Pune INR 14,69,500
School of Business Management, NMIMS University - [SBM NMIMS], Mumbai INR 11,95,000
Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune INR 12,14,000
Symbiosis Institute of International Business - [SIIB], Pune INR 9,55,000
KJ Somaiya Institute of Management, Mumbai INR 10,07,402
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai INR 7,00,000
Dr. D. Y. Patil B-School, Pune INR 4,23,000

Top MBA Colleges in Maharashtra for Finance

  1. SP Jain [SPJIMR], Mumbai
  2. JBIMS Mumbai, Mumbai
  3. IIM Mumbai - Indian Institute of Management, Mumbai
  4. TISS Tata Institute of Social Sciences, Mumbai
  5. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai

Top MBA Colleges in Maharashtra for Marketing

  1. SP Jain [SPJIMR], Mumbai
  2. IIM Mumbai - Indian Institute of Management, Mumbai
  3. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
  4. School of Business Management, NMIMS University - [SBM NMIMS], Mumbai
  5. Indian Institute of Management - [IIMN], Nagpur

Top MBA Colleges in Maharashtra for Human Resources Management

  1. JBIMS Mumbai, Mumbai
  2. TISS Tata Institute of Social Sciences, Mumbai
  3. Symbiosis Institute of Business Management - [SIBM], Pune
  4. Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune
  5. Symbiosis Institute of International Business - [SIIB], Pune

MBA Colleges in Maharashtra accepting CAT

  1. SP Jain [SPJIMR], Mumbai
  2. JBIMS Mumbai, Mumbai
  3. IIM Mumbai - Indian Institute of Management, Mumbai
  4. Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai
  5. Indian Institute of Management - [IIMN], Nagpur

MBA specialization: Top MBA college in Maharashtra

Following is a list of Top MBA colleges in Maharashtra with MBA course specialization given below:

Data Science

Digital Entrepreneurship

Business Analytics & Big Data

Financial Markets

Logistics Management

International Marketing

International Trade Management

 

Entrance exams for MBA college in Maharashtra

Following is a table that shows the entrance exams accepted by top MBA colleges in Maharashtra:

MAHCET CAT
SNAP NMAT
CUET PG XAT
MAT  

Top MBA college in Maharashtra by NIRF Ranking

The Ministry of Education, Government of India uses the National Institutional Ranking to evaluate the best educational institutions in the country based on several criteria such as quality of education, faculty, courses, facilities, and training courses.

A list is here in which some best colleges ranked by NIRF are given:

Rank

College Name

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

NA

110

INSTITUTE OF MANAGEMENT TECHNOLOGY, NAGPUR

NA

114

National Insurance Academy, Pune

NA

117

Pune Institute of Business Management, Pune

NA

Top MBA Colleges in Maharashtra: Eligibility Criteria

The MBA eligibility depends on the type of MBA College in Maharashtra. The basic MBA Eligibility criteria are mentioned below:

  1. Students who belong to groups that are reserved like OBC, SC, and ST receive a 5% reduction in the percentage required in certain colleges.
  2. Students who are in the last year of their degree have the right to apply. They will need to provide evidence of their graduation within the time frame stipulated by the college.
  3. Top institutions like IIMs and IITs demand 60% for graduation.
  4. Students must pass their studies and earn a minimum of 50% marks in any discipline from a recognized university.
  5. MBA is an option for professionals with certifications in CA/CS/ICWAI.

Top MBA Colleges in Maharashtra: Admission Process

The process of admission for MBA courses consists of a series of stages that are the same as the majority of management schools in Maharashtra. Here are the phases that every MBA candidate must complete to be eligible for admission to an MBA.

  1. First step, apply for the MBA entrance exam is which recognized by the schools that you are seeking admission to. Examine all the requirements for the entrance exam and make sure that you can meet them.
  2. If you can pass the entrance test and you have the minimum cutoff you will be contacted for a selection round. Students must sign up to participate in the counseling process and satisfy all the criteria.
  3. Based on the test scores, candidates are shortlisted for Group Discussions and Writing Ability Tests, or Personal Interview rounds. MBA colleges that offer direct admission to MBA on a merit-based basis, also conduct interviews with their students.
  4. Following the evaluation of candidates based on entrance exam results academic performance and their work experience (if there is any) the final list of the students selected will be released.
  5. Students who have been assigned seats in the MBA college must complete the report (offline or via the Internet) and pay the admission fee

ROI for MBA college in Maharashtra

Following are some of the colleges with their average salary and course fees are as under:

College Name

Fee

Salary

SPJIMR Mumbai

Rs. 10,21,000

Rs. 32.06 LPA

SIBM Pune

Rs. 13,49,000

Rs. 23.06 LPA

IIMS Pune

Rs. 4,50,000

Rs. 5.5 LPA

SCMHRD Pune

Rs. 11,05,000

Rs. 6.50 LPA

SJMSOM (IIT Bombay)

Rs. 4,91,100

Rs. 25.9 LPA

IIM Mumbai(NITIE)

Rs. 7,03,000

Rs. 25.4 LPA

Top Recruiters: Top MBA College in Maharashtra

The table given below shows the recruiters are:

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

 

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