Top management colleges in Maharashtra - Check here the list of the top and best Management universities and colleges in Maharashtra with fee structure, cut-off, admission process, ranking, brochure, placements, entrance exams, and eligibility criteria.
If you are looking for top management colleges in Maharashtra, then your search ends here. The state of Maharashtra has more than 600 top management colleges providing courses like BBA/BBM, MBA, PGDM, etc.
Some of the Top management colleges in Maharashtra include institutes like IIT Bombay, IIM Nagpur, SPJIMR Mumbai, SIBM Pune, IMT Nagpur, etc. These are some of the best management colleges in Maharashtra and India.
All of these colleges are pioneers in management studies and students from these colleges get better career options, higher salary packages, and even international placement. The average salary package from top management colleges in Maharashtra is around 32 LPA.
The below table demonstrates some of the key highlights of MBA Colleges in Maharashtra:
| Total Number of Management Colleges in Maharashtra | 600+ |
| Approval Authority for Management Colleges in Maharashtra | AICTE (All India Institute of Technical Education) NAAC (National Assessment and Accreditation Council) UGC (University Grants Commission) |
| Top Specialisations Offered at Management Colleges in Maharashtra | General Management, Finance, Sales and Marketing, Hospital Administration, Human Resources, Tourism, IT and systems, etc. |
| Total Courses Offered by Management Colleges in Maharashtra | 1583 |
| Average Fees | INR 1,00,000 – 25,00,000 |
| Accepted Entrance Exams for MBA Admission in Maharashtra | CAT, MAT, XAT, ATMA, CMAT, GMAT, MAH MBA CET, SNAP, IBSAT, NPAT. |
The NIRF ranking is a reliable source of finding the best colleges in any stream. According to the latest ranking, there are a total of 9 management colleges in Maharashtra within the top 100 Nirf-ranked colleges in India.
Here is a list of the best management colleges in Maharashtra with their latest NIRF rank and score:
| College Name | NIRF 2023 | NIRF Score |
| National Institute of Industrial Engineering, Mumbai | 7 | 71.99 |
| Indian Institute of Technology Bombay | 10 | 68.11 |
| Symbiosis Institute of Business Management | 17 | 62.74 |
| S.P. Jain Institute of Management & Research | 20 | 60.91 |
| SVKM`s Narsee Monjee Institute of Management Studies | 21 | 60.84 |
| Indian Institute of Management, Nagpur | 43 | 53.41 |
| K J Somaiya Institute of Management Studies and Research | 45 | 52.14 |
| Principal L N Welingkar Institute of Management Development and Research | 73 | 48.21 |
| National Institute of Bank Management | 76 | 47.08 |
Maharashtra has some of the finest management institutes in India and they have been providing specialization in different courses over the years. Students can apply for admission to top Management colleges in Maharashtra after class 12 and graduation. Here is a broad category of courses offered at Maharashtra's top management colleges at different levels:
Undergraduates are also interested in management courses because they know that Engineering and medical fields are overly crowded and simple graduate has no hopes of campus placement or higher salary packages.
Graduate students from different streams pursue MBA and PGDM, so undergraduates are also taking an interest in management courses. They are enrolling for BBA/BBM courses at a massive scale.
Top Management colleges in Maharashtra are offering Bachelor’s degrees like BBA/BBM with specialization in various subjects. It is a 3-year program designed for 12th pass-outs. Most prestigious management colleges give their BBA students direct admission to MBA/PGDM which is an added attraction to pursuing a BBA.
All the BBA aspirants have to fulfill some simple but necessary eligibility criteria if they want to get admission to top management colleges in Maharashtra:
Most colleges in Maharashtra offer direct admission to BBA according to the class 12 performance. However, some of the top management colleges in Maharashtra prefer students who qualify for certain entrance exams. Some of the most popular entrance tests for BBA admission in Maharashtra are:
| Exam | Conducting Body | Eligibility Criteria |
| NMIMS NPAT | SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) | 60% Aggregate in 10+2 or equivalent examination |
| SET | Symbiosis International (Deemed University) | Class 12 or equivalent from a recognised board with a minimum 50% aggregate |
| IPU CET | Guru Gobind Singh Indraprastha University (GGSIPU) | Cleared 10+2 from a recognized board with a minimum 50% aggregate |
| IPMAT | Indian Institute of Management Indore (IIM Indore) | 60% aggregate in 10+2 or equivalent examination |
Top universities and colleges providing BBA/BBM courses are creating opportunities for students to get better jobs, higher salary packages, and placement in MNCs. Some of the top management colleges in Maharashtra for BBA are:
| Ranking | Name of the College | Total Tuition Fees |
| 1 | SVKMs NMIMS Anil Surendra Modi School of Commerce | INR 9,06,000 |
| 2 | Symbiosis Institute of Computer Studies and Research | INR 4,42,000 |
| 3 | Narsee Monjee Institute of Management Studies, [NMIMS] Mumbai | INR 11,48,000 |
| 4 | Universal Business School, [UBS], Karjat (Mumbai) | INR 12,84,000 |
| 5 | DY Patil University, School of Management, [DYPUSM] Navi Mumbai | INR 2,85,000 |
Government management colleges in Maharashtra offer quality education and their placement records are also very good. Most students aspire to get admission to government colleges due to their reasonable fee structure. The below table contains some of the top govt. BBA colleges in Maharashtra:
| College Name | Tuition Fee/Year | Rating |
| Savitribai Phule Pune University | INR 4,50,000 | 8.2 |
| Mumbai University | INR 1,50,000 | 7.8 |
| Sydenham College of Commerce and Economics | INR 30,000 | 7.3 |
| Rashtrasant Tukadoji Maharaj Nagpur University | INR 39,459 | 7.2 |
| Shivaji University, Kolhapur | INR 30,000 | 7.1 |
There are various top private BBA colleges in Maharashtra that offer quality education along with the latest infrastructure, facilities, and world-class faculties. If you want to pursue a BBA from a private institute then you must explore these top management colleges in Maharashtra:
| College Name | Tuition Fee/Year | Rating |
| Universal Business School, Karjat | INR 12,74,000 | 9.0 |
| Amity University, Mumbai | INR 3,60,000 | 8.5 |
| MIT World Peace University | INR 8,40,000 | 7.8 |
| Bharati Vidyapeeth University, Pune | INR 4,50,000 | 7.7 |
| DY Patil University's School of Management | INR 4,50,000 | 7.0 |
MBA or Master of Business Administration has been the choice of most graduates for the past decade. It has produced many industry leaders who inspire more to follow in their footsteps. MBA has become the first choice of students and parents as well.
Pursuing an MBA from the top Management colleges in Maharashtra is pretty much the guarantee of a campus selection in the best companies with Good salary packages and a better future.
Some of the world’s biggest companies like Google, Microsoft, Adobe, etc. having Indian CEOs is also inspiring youth to achieve that kind of success. They know it can be done by getting an MBA degree.
The truth is there is a high demand for individuals with degrees like MBA or PGDM. Even International companies are offering abroad placement to top students. This could be a life-changing career opportunity.
Top MBA colleges in Maharashtra offer postgraduate management courses with various specializations including Finance, Marketing, Foreign Trade, Information Technology, Retail marketing, and many others.
If you want to pursue an MBA from top management colleges in Maharashtra then you must fulfill some of the basic eligibility criteria and clear certain entrance exams. A lot of graduates are trying to secure their place at top management colleges and get their desired specialization.
This creates tough competition but the fruit of labour is always sweet. If you manage to clear the entrance test then you can get admission to your favorite management college. However, meeting the below eligibility criteria is also important because you won’t be able to get admission into top management colleges without them:
Competitive entrance exams are held at the national or state level for admission to top management colleges in Maharashtra and all over India. This is because most graduates from every stream are pursuing an MBA.
If you also want to secure your position at reputable and top management colleges in Maharashtra then you have to clear some entrance exams. You will be competing with students from every stream which makes these tests harder to qualify.
There are several national-level entrance exams that you can opt for to secure your place at the top MBA colleges in Maharashtra such as
MAH CET is also a state-level entrance exam that can get you admission to various top management colleges in Maharashtra.
Finding the best MBA colleges in Maharashtra can be hectic for you since you have to go through every college brochure and check their past records. Fortunately for you, we have done a complete analysis of the top management colleges in Maharashtra. NIRF has ranked 9 colleges of Maharashtra in the top 100 list.
These colleges are ranked after reviewing their quality of education, placement records, facilities, faculties, etc. This list can help you choose the best MBA College for you in Maharashtra. The below table contains the current NIRF ranking and NIRF score of Maharashtra’s top management colleges:
| College Name | NIRF 2023 | Nirf Score |
| National Institute of Industrial Engineering, IIM Mumbai | 7 | 71.99 |
| Indian Institute of Technology Bombay | 10 | 68.11 |
| Symbiosis Institute of Business Management | 17 | 62.74 |
| S.P. Jain Institute of Management & Research | 20 | 60.91 |
| SVKM`s Narsee Monjee Institute of Management Studies | 21 | 60.84 |
| Indian Institute of Management, Nagpur | 43 | 53.41 |
| K J Somaiya Institute of Management Studies and Research | 45 | 52.14 |
| Principal L N Welingkar Institute of Management Development and Research | 73 | 48.21 |
| National Institute of Bank Management | 76 | 47.08 |
Many students prefer govt. Colleges due to their heritage, culture, quality of education and faculties, long list of alumni base, and various other reasons. If you are also looking for the best management colleges in Maharashtra run by the government then refer to the below table:
| Government Colleges | Total Tuition Fee |
| Shailesh J. Mehta School of Management, IIT Bombay | INR 9 lakh – INR 34 lakh |
| Indian Institute of Management Mumbai | INR 1,000 – INR 79,000 |
| Indian Institute of Management Nagpur | INR 88,000 – INR 2 lakh |
| Savitribai Phule Pune University, Pune | INR 65,600 |
Many students prefer private universities and colleges over government-run institutions for MBA degrees. Top private MBA colleges offer the best faculties, world-class facilities, the latest infrastructures, and much more. The below table contains the top management colleges in Maharashtra for MBA degrees:
| Private Colleges | Total Tuition Fee |
| SP Jain Institute of Management & Research, Mumbai | INR 9.5 L - 22.1 L |
| Jamnalal Bajaj Institute of Management Studies, Mumbai | INR 6 L - 7 L |
| Narsee Monjee Institute of Management Studies, Mumbai | INR 23.9 L - 25.8 L |
| TISS Tata Institute of Social Sciences, Mumbai | INR 1,89,000 |
| Symbiosis Institute of Business Management, Pune | INR 15.9 L - INR 22.2 L |
Pursuing MBA from top management colleges in India can be quite costly. So it is natural to calculate the profitability upon completing this course. The total amount you pay for your education compared to the annual package you receive after placement is your ROI. It is called the return on Investment.
Choosing a college to do a career-changing course like an MBA depends upon various factors. The location should be right, the faculties must be great, and there should be certain basic facilities but the ROI is the most important factor.
If a college is not exposing its students to top recruiters and fails to obtain lucrative salary packages then why should you invest such a huge amount in that college? The average salary package for MBA graduates from the top management colleges in Maharashtra is 30 LPA.
The below contains information about some of the top MBA colleges' ROI. Check the list carefully before you commit to any college.
| College Name | Tuition Fee/Year | Average Annual Package |
| IIT Bombay | INR 4,91,100 | INR 25.9 LPA |
| IIM Mumbai | INR 7,03,000 | INR 25.4 LPA |
| SPJIMR Mumbai | INR 10,21,000 | INR 32.06 LPA |
| SIBM Pune | INR 13,49,000 | INR 23.06 LPA |
| IIM Nagpur | INR 9,45,000 | INR 16 LPA |
| College Name | Placement Rating | Top Recruiters |
| IIT Bombay | 4.9 | Accenture, Amazon, Google, Wipro, HCLTech, ITC, Jio, TCS |
| IIM Mumbai | 4.8 | Britannia, Bain & Co., Emami Agrotech, EY GDS |
| IIM Nagpur | 4.3 | Deloitte India, V-Guard, ZS Associates, Tech Mahindra |
| SIBM Pune | 4.4 | Google, EY, Accenture, Flipkart, Wipro, PwC, Jio |
| SPJIMR Mumbai | 4.2 | Amazon, Tata, Flipkart, Goldman Sachs, Paytm |
Post Graduate Diploma in Management is another option if you want to pursue a management course after graduation degree. Candidates from all streams can get admission to PGDM courses at top management colleges in Maharashtra. It is an alternative to MBA and colleges with AICTE recognition provide this degree.
All graduates from any stream with a minimum of 50% aggregate or equivalent are eligible to apply for PGDM. However, you will have to qualify for some entrance exams if you to get into the best management colleges.
PGDM is an internationally recognized course, and students with PGDM degrees also get abroad placement offers. Top multinational companies gather for campus placement and offer lucrative salary packages at top management colleges in Maharashtra.
PGDM opens a lot of doors of opportunity for you and can give you an unmatched career advantage. Management professionals are rigorously trained more practically to solve complicated problems which makes them the right fit for most companies.
There are a lot of top PGDM colleges in Maharashtra that you can choose from:
| Private Colleges | Tuition Fee | Average Package | Highest Package |
| SPJIMR, Mumbai | INR 22.1 L | INR 33.02 L | INR 77.88 L |
| IIT, Bombay | INR 4.91 L | INR 28.88 L | INR 54 L |
| IIM Mumbai | INR 20.48 L | INR 27.75 L | INR 78.20 L |
| JBIMS, Mumbai | INR 7 L | INR 27.63 L | INR 44 L |
| TISS, Mumbai | INR 1 L | INR 27.22 L | INR 49 L |
| SIBM, Pune | INR 13.49 L | INR 26.77 L | INR 33.05 L |
| NMIMS, Mumbai | INR 23.9 L | INR 26.63 L | INR 67.80 L |
| IIM Nagpur | INR 18.90 L | INR 16.74 L | INR 64 L |
Many top government management colleges in Maharashtra offer PGDM courses. They are known for their high standard of education and lucrative placement offers. Everyone aspires to join those top govt. PGDM colleges but you will face tough competition to secure your place at these esteemed colleges:
| Government Colleges | Total Tuition Fee |
| Shailesh J. Mehta School of Management, IIT Bombay | INR 9 lakh – INR 34 lakh |
| Indian Institute of Management, Mumbai | INR 1,000 – INR 79,000 |
| Indian Institute of Management, Nagpur | INR 88,000 – INR 2 lakh |
| Savitribai Phule Pune University, Pune | INR 65,600 |
Private colleges are well funded, well equipped, and have top faculties who ensure that students get what they came for. PGDM program is created to give real-life experience and this can help you get the best salary package possible.
Maharashtra has various top-rated PGDM colleges with record placement and unmatched education quality. If you want to pursue PGDM from privately owned top management colleges in Maharashtra then here are some options for you:
| Private Colleges | Total Tuition Fee |
| SP Jain [SPJIMR], Mumbai | INR 9.5 L - 22.1 L |
| JBIMS, Mumbai | INR 6 L - 7 L |
| Narsee Monjee Institute of Management Studies, Mumbai | INR 23.9 L - 25.8 L |
| TISS Tata Institute of Social Sciences, Mumbai | INR 1,89,000 |
| Symbiosis Institute of Business Management, Pune | INR 15.9 L - INR 22.2 L |
Ranking is not the only criterion when it comes to the best management college for you. Why get admission to some college that you are probably going to quit because it did not suit your requirements?
NIRF ranking is a great way to find the top college statistically but is that all you need to check before signing up to give 2 years of your life and lots of money to pursue a course that can make your career?
There are many things to consider like whether can you afford the tuition fees or not, whether can you move to the college location,
If you are thinking of taking a student loan, then the placement and ROI should be good. Otherwise, you will only have a big fat student loan to show for once you complete your degree.
Check for the average campus placement records, types of companies get there for placement, average CTC offered, highest package offered, and opportunity for international job placements. These factors are equally necessary and need to be kept in mind before you take your pick from the list of top management colleges in Maharashtra.
Choosing the best management college for your BBA, MBA or PGDM is more complicated than you think. You don’t only have to see the college fee structure to decide whether you can afford it or not. There are also various other criteria you must consider before committing to a course that changes your life or wastes your money completely.
Before you select your pick from the top management colleges in Maharashtra, answer the following questions truthfully. Finally, compare your results and then decide which management college is worth going
Ques. Which is the number 1 MBA college in Maharashtra?
Ans. According to NIRF Ranking, course fees, placement records, top recruiters, etc. IIM Mumbai is the top Management College in Maharashtra followed by SPJIMR Mumbai and SJMSOM IIT Bombay.
Ques. Which MBA college has the best placement in Maharashtra?
Ans. IIM Mumbai, SPJIMR Mumbai, and NMIMS Mumbai are the top management colleges in Maharashtra in terms of placement.
Ques. Which are the Top 10 Management Colleges in Maharashtra for BBA?
Ans. SVKM's NMIMS Mumbai, SICSR Pune, NMIMS Mumbai, Universal Business School Karjat, D Y Patil University School of Management, Amity University Mumbai, MIT World Peace University, Bharati Vidyapeeth University Pune, Shivaji University Kolhapur, University of Mumbai are top 10 management colleges in Maharashtra for BBA.
Ques. Which are the Top 10 Management Colleges in Maharashtra for MBA?
Ans. IIM Mumbai, IIT Bombay, SIBM Pune, SPJIMR Mumbai, NMIMS Mumbai, IIM Nagpur, K. J. Somaiya Institute of Management, JBIMS Mumbai, TISS Mumbai, IIM Nagpur, L.N.Welingkar Institute of Management Development and Research are top 10 management colleges in Maharashtra for MBA.
Ques. Which are the top MBA colleges in Maharashtra?
Ans. IIM Mumbai, IIT Bombay, SIBM Pune, SPJIMR Mumbai, NMIMS Mumbai, etc. are some of the top MBA colleges in Maharashtra that everyone aspires to join.
Ques. Which are the top private Management colleges in Maharashtra for BBA?
Ans. SVKM's NMIMS Mumbai, SICSR Pune, NMIMS Mumbai, etc. are some of the privately owned top Management colleges in Maharashtra for BBA.
Ques. Which are the top Management colleges in Maharashtra with the highest placement packages?
Ans. IIM Mumbai, SPJIMR Mumbai, IIT Bombay, NMIMS Mumbai, etc. are known to provide the highest salary packages in campus placement.
Ques. What are the Entrance exams for Top Management colleges in Maharashtra?
Ans. If you are planning to pursue an MBA from the Top management colleges in Maharashtra then you need to clear entrance exams like CMAT, SNAP, GMAT, ATMA, MAH CET, etc.
Ques. Which are the top Management colleges in Maharashtra for PGDM?
Ans. SPJIMR Mumbai, IIT Bombay, IIM Mumbai, JBIMS Mumbai, TISS Mumbai, NMIMS Mumbai, SIBM Pune, and IIM Nagpur are some of the top management colleges in Maharashtra for PGDM.
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