Tasbiya KhanSenior Executive
Top Ranked MBA Colleges in Maharashtra: Ranking, Fees, Admission 2025, Courses, Placements,
There are about 8 top MBA colleges in Maharashtra. Among them, 4 colleges are privately owned, 2 college is owned by public/government organisations, and public-private entities own only 1 college. CAT, CMAT, and XAT are the most accepting entrance exams in top MBA colleges in Maharashtra. National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA colleges in Maharashtra.
Latest Update:
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The Maharashtra State CET has announced the MAH CET 2025 exam date. MAH MBA CET 2025 will be held on March 17, 18 and 19, 2025. MAH CET 2025 registrations will start in February 2025.
- Top MBA Colleges in Maharashtra: Highlights 2025
- Top MBA Colleges in Maharashtra with NIRF Ranking 2024
- 2.1 Top MBA Colleges in Maharashtra with Outlook Rankings 2024
- 2.2 Top MBA Colleges in Maharashtra with Business Today Rankings 2024
- Top MBA Colleges in Maharashtra: Admissions 2025
- Top MBA Colleges in Maharashtra: Exam Schedule 2025
- 4.1 What are the entrance exams accepted by top MBA Colleges in Maharashtra?
- Top Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
- Top Government MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
- Top Semi-Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
- Region-wise Top MBA Colleges in Maharashtra
- 8.1 Top MBA colleges in Pune: NIRF Ranking vs Tuition Fee
- 8.2 Top MBA colleges in Mumbai: NIRF Ranking vs Tuition Fee
- 8.3 Top MBA colleges in Nagpur: NIRF Ranking vs Tuition Fee
- Top MBA Colleges in Maharashtra: Fees VS Salary
- Highest Salary Offered by Top MBA Colleges in Maharashtra
- Cost of Pursuing MBA from Maharashtra
- Top Specialisations Offered by Top MBA Colleges in Maharashtra
- Top MBA Colleges in Maharashtra Cutoff 2025
- Top MBA Colleges in Maharashtra: Comparison 2025
Top MBA Colleges in Maharashtra: Highlights 2025
An MBA is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. Some of the top MBA specialisations include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, and so on. An MBA degree can enhance an individual's skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities.
The table below mentions key highlights of the top MBA colleges in Maharashtra:
| Parameters |
Particulars/Statistics |
|---|---|
| No. of top MBA Colleges |
8 colleges |
| Annual Fees |
INR > 5 lakh: 8 colleges |
| Top Colleges |
National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research |
| Top Specialisations |
Finance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc. |
| Accepted entrance exams |
CAT, XAT, CMAT, MAT, MAH CET, etc. |
Disclaimer: This information is sourced from the official website and may vary.
Predict your chances here: MBA 2025 Cutoff Predictor
Top MBA Colleges in Maharashtra with NIRF Ranking 2024
Every year, NIRF rankings are published in accordance with the annual data gathered by the framework. Five factors, including graduation rate, research and professional practises, teaching and learning resources, and the overall impression of the institution, are used to determine rankings and ratings.
Following is a list of the top MBA colleges in Maharashtra ranked by NIRF from 2022 to 2024:
| College Name |
NIRF 2022 |
NIRF 2023 |
NIRF 2024 |
|---|---|---|---|
| 9 |
7 |
6 | |
| 11 |
10 |
10 | |
| 17 |
17 |
13 | |
| 21 |
20 |
20 | |
| SVKM`s Narsee Monjee Institute of Management Studies Ranking |
25 |
21 |
21 |
| 43 |
43 |
31 | |
| 71 |
45 |
63 | |
| Principal L N Welingkar Institute of Management Development and Research Ranking |
68 |
73 |
84 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
READ MORE: MBA Courses
Top MBA Colleges in Maharashtra with Outlook Rankings 2024
As per Outlook rankings 2024, Jamnalal Bajaj Institute of Management Studies emeredg to be as the top MBA college in Maharashtra. Listed below are some of the colleges along with their rankings:
| Top Colleges | Outlook Rankings 2024 |
|---|---|
| Jamnalal Bajaj Institute of Management Studies | 10 |
| IIM Nagpur | 20 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Top MBA Colleges in Maharashtra with Business Today Rankings 2024
The table below shows the top MBA colleges in Maharashtra along with their Business Today rankings 2024:
| Top Colleges | Business Today Rankings 2024 |
|---|---|
| SPJIMR Mumbai | 3 |
| NMIMS School of Business Management | 8 |
| SIBM Pune | 12 |
| Symbiosis Centre for Management & Human Resource Development | 13 |
| Jamnalal Bajaj Institute of Management Studies | 20 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Top MBA Colleges in Maharashtra: Admissions 2025
The general eligibility criteria to get MBA admission to top colleges for MBA in Maharashtra are listed below:
- Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
- Many MBA colleges in Maharashtra consider scores from national-level entrance exams such as MAH CET, CAT, GMAT, XAT, CMAT, or MAT. Candidates are required to meet the minimum cutoff scores set by the respective colleges.
Top MBA Colleges in Maharashtra: Exam Schedule 2025
The two most popular entrance exams accepted in MBA top colleges in Maharashtra are:
- MAH CET: Maharashtra Common Entrance Test or MAH CET is a management entrance test. Officially known as MAH MBA/MMS-CET, the exam is conducted by the State Common Entrance Test Cell, Maharashtra, for admission to MBA courses in various institutes in the state of Maharashtra.
- XAT: XAT(Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the tougher MBA entrance exams among its peers, XAT requires dedicated time and effort.
- CAT: Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBAcourses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude. The preparation for CAT exam should include phase-wise completion of the CAT syllabus, mock test practice, and revision.
Listed below are the following admission dates and schedules for MBA top colleges in Maharashtra:
| Exam Name |
Dates |
Schedule |
|---|---|---|
| CAT Exam 2025 |
TENTATIVE | |
| XAT Exam 2025 |
Over for 2025 |
|
| MAH CET 2025 Exam |
Mar '25 |
Preparing for CAT 2025? Click to practice:
- Q&A for Verbal Ability
- Q&A for Quantitative Aptitude
- Q&A for Data Interpretation and Logical Reasoning
What are the entrance exams accepted by top MBA Colleges in Maharashtra?
Listed below are the various entrance exams accepted by top MBA colleges in Maharashtra along with their cutoff predictor:
| Exams |
Number of Colleges |
Cut off Predictor |
|---|---|---|
| CAT |
6 | |
| CMAT |
3 | |
| XAT |
3 | |
| MAH CET |
3 |
Read more about CAT, MAT, and CMAT Mock Tests:
- Download CAT Previous Years Question Papers
- Free Online CAT Mock Test Series
- Free Online CMAT Mock Test Series
- Free Online MAT Mock Test Series
Top Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Here is a list of top private MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:
| Private Colleges |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
| INR 24 lakh Seats: 340 |
Entrance Exam: SNAP Graduation with 50% aggregate |
|
| INR 24 lakh Seats: 880 |
Entrance Exam: CAT Graduation with 50% aggregate |
|
| K J Somaiya Institute of Management Admission | INR 21 lakh Seats: 660 |
Entrance Exam: CAT, XAT, NMAT, etc. Graduation with 50% aggregate |
| Principal L N Welingkar Institute of Management Development and Research Admission |
INR 14 lakh Seats: 16,250 |
Entrance Exam: CAT, XAT, CMAT, ATMA Graduation with 50% aggregate |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
READ MORE: MBA Syllabus
Top Government MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Here is a list of top public/government MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:
| Public/Govt. Colleges |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
| INR 14 lakh |
Entrance Exam: CAT Graduation with 50% aggregate |
|
| INR 21 lakh Seats: 280 |
Entrance Exam: CAT Graduation with 50% aggregate |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
Top Semi-Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Here is a list of top public-private MBA colleges in Maharashtra along with their total course fee/seat intake and entrance exam/eligibility criteria:
| College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
| INR 14 lakh Seats: 132 |
Entrance Exams: CAT, XAt, CMAT Graduation with 50% aggregate |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
READ MORE: MBA Admission 2025
Region-wise Top MBA Colleges in Maharashtra
Listed below is the region-wise distribution of top MBA colleges in Maharashtra:
Top MBA colleges in Pune: NIRF Ranking vs Tuition Fee
The table below shows the top MBA colleges in Pune along with their NIRF ranking (2024) and total tuition fee:
| College Name | NIRF Ranking (2024) | Total Tuition Fee |
|---|---|---|
| SIBM Pune | 13 | INR 22 lakh |
| National Institute of Bank Management | 91 | INR 14 lakh |
| Institute of Management and Entrepreneurship Development | 101-125 | INR 5 lakh |
| National Insurance Academy | 101-125 | INR 9 lakh |
Disclaimer: This information is sourced from the official website.
Top MBA colleges in Mumbai: NIRF Ranking vs Tuition Fee
The table below shows the top MBA colleges in Mumbai along with their NIRF ranking (2024) and total tuition fee:
| College Name | NIRF Ranking (2024) | Total Tuition Fee |
|---|---|---|
| IIM Mumbai | 6 | INR 6 lakh |
| SPJIMR | 20 | INR 20 lakh |
| NMIMS School of Business Management | 21 | INR 12 lakh |
| KJ Somaiya Institute of Management | 63 | INR 17 lakh |
Disclaimer: This information is sourced from the official website.
Top MBA colleges in Nagpur: NIRF Ranking vs Tuition Fee
The table below shows the top MBA colleges in Nagpur along with their NIRF ranking (2024) and total tuition fee:
| College Name | NIRF Ranking (2024) | Total Tuition Fee |
|---|---|---|
| IIM Nagpur | 31 | INR 19 lakh |
| IMT Nagpur | 101-125 | INR 14 lakh |
Disclaimer: This information is sourced from the official website.
Read more about MBA colleges in different locations:
- Top MBA Colleges in Bangalore
- Top MBA Colleges in Uttar Pradesh
- Top MBA Colleges in Karnataka
- Top MBA Colleges in Rajasthan
Top MBA Colleges in Maharashtra: Fees VS Salary
Return on investment, or ROI, is the sum of money that students receive as a placement offer in return for investing a sizable sum of money in attending a college and completing a degree of study.
The best MBA colleges in Maharashtra with the total course fee and annual median package are tabulated below:
| College Name |
Total Tuition Fee |
Annual Average Package |
|---|---|---|
| Pravin Dalal School MBA | INR 23 lakh | INR 21 LPA |
| IIM Nagpur MBA | INR 21 lakh | INR 16 LPA |
| INR 24 lakh |
INR 25 LPA |
|
| INR 24 lakh |
INR 30 LPA |
|
| INR 14 lakh |
INR 15 LPA |
Disclaimer: The above statistics are based on the latest available data.
Highest Salary Offered by Top MBA Colleges in Maharashtra
Below is the list of MBA top colleges in Maharashtra and a few top companies that recruit MBA graduates along with their placement package:
| College Name |
Placement Package |
Top Recruiters |
|---|---|---|
| National Institute of Bank Management Placements | INR 15 LPA | Accenture, Barclays, Axis Bank, etc. |
| INR 16 LPA |
Deloitte India, ZS Associates, V-Guard, Tech Mahindra |
|
| INR 25 LPA |
EY, Accenture, Google, Wipro, Flipkart, PwC, Jio |
|
| INR 30 LPA |
Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
Disclaimer: This information is sourced from the official website/ media reports/ NIRF website and may vary.
Cost of Pursuing MBA from Maharashtra
Pursuing MBA courses in colleges in Maharashtra is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below are the names of MBA colleges in Maharashtra along with their total tuition fee structure:
| Fee Range |
Popular MBA Colleges |
|---|---|
| INR > 5 lakh |
8 (K J Somaiya Institute of Business Management, SIBM Pune, SPJIMR, etc.) |
Disclaimer: This information is sourced from the official website.
READ MORE: Career After MBA
Top Specialisations Offered by Top MBA Colleges in Maharashtra
In Maharashtra, the MBA degree is offered in various specialisations. See the table below for a detailed overview of the top specialisations offered by the best MBA colleges in Maharashtra:
To check the comparison between the best MBA Colleges in Maharashtra, click the link below:
- SIBM Pune Comparison with other colleges
- Welingkar Mumbai Comparison with other colleges
- SPJIMR Comparison with other colleges
- IIM Nagpur Comparison with other colleges
- NMIMS School of Business Management Comparison with other colleges
- Shailesh J. Mehta School of Management, IIT Bombay Comparison with other colleges
1. Indian Institute of Management Mumbai
2. Symbiosis Institute of Business Management, Symbiosis International, Pune
Commonly asked questions On Top Ranked MBA Colleges in Maharashtra: Ranking, Fees, Admission 2025, Courses, Placements,
Q: How many top ranked MBA colleges in Maharashtra?
There are about 8 top MBA colleges in Maharashtra. Among them, 4 colleges are privately owned, 2 college is owned by public/government organisations, and public-private entities own only 1 college. CAT, CMAT, and XAT are the most accepting entrance exams in top MBA colleges in Maharashtra. National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research are some of the most famous MBA colleges in Maharashtra.
Q: Which is the No. 1 MBA college in Maharashtra as per NIRF rankings 2024?
As per NIRF ranking 2024, IIM Mumbai emerged to be as the No. 1 MBA college in Maharashtra. Listed below are some of the other colleges along with their NIRF rankings of past three years:
College Name | NIRF 2022 | NIRF 2023 | NIRF 2024 |
|---|---|---|---|
9 | 7 | 6 | |
11 | 10 | 10 | |
17 | 17 | 13 | |
21 | 20 | 20 | |
SVKM's Narsee Monjee Institute of Management Studies Ranking | 25 | 21 | 21 |
43 | 43 | 31 | |
71 | 45 | 63 | |
Principal L N Welingkar Institute of Management Development and Research Ranking | 68 | 73 | 84 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Q: What is the scope of MBA?
The scope of MBA course is increasing day by day. MBA is one of the big job oriented professional programme and the most one which has been sought by the students. Once you have completed your degree, you have a great job opportunity in the industrial world. You may the manager or executive in term of designation. The management term is most suited to the managers and that's why it is the way, where you can reach on the top of the height as soon as possible by using your leadership and working proficiency.
An MBA professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MBA professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MBA professional.
Some job profiles are listed here:
- Brand Manager
- Account Manager
- International Business Manager
- Marketing Executive
- Business Technical Consultant.
Good luck.
Q: What are the top ranked MBA colleges in Maharashtra as per Outlook rankings 2024?
As per Outlook rankings 2024, Jamnalal Bajaj Institute of Management Studies emeredg to be as the top MBA college in Maharashtra. Listed below are some of the colleges along with their rankings:
| Top Colleges | Outlook Rankings 2024 |
|---|---|
| Jamnalal Bajaj Institute of Management Studies | 10 |
| IIM Nagpur | 20 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
3. S.P. Jain Institute of Management and Research, Mumbai
Commonly asked questions On Top Ranked MBA Colleges in Maharashtra: Ranking, Fees, Admission 2025, Courses, Placements,
Q: What are the top ranked MBA colleges in Maharashtra with Business Today rankings 2024?
The table below shows the top MBA colleges in Maharashtra along with their Business Today rankings 2024:
| Top Colleges | Business Today Rankings 2024 |
|---|---|
| SPJIMR Mumbai | 3 |
| NMIMS School of Business Management | 8 |
| SIBM Pune | 12 |
| Symbiosis Centre for Management & Human Resource Development | 13 |
| Jamnalal Bajaj Institute of Management Studies | 20 |
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Q: Is it worth joining the top ranked MBA colleges in Maharashtra?
Joining the top ranked MBA colleges in Maharashtra can be worthwhile for you. For that, you need to check its ROI. Listed below are some colleges along with their tuition fees and average placement package:
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
| Pravin Dalal School MBA | INR 23 lakh | INR 21 LPA |
| IIM Nagpur MBA | INR 21 lakh | INR 16 LPA |
INR 24 lakh | INR 25 LPA | |
INR 24 lakh | INR 30 LPA | |
INR 14 lakh | INR 15 LPA |
Disclaimer: The above statistics are based on the latest available data.
Q: Is MBA course helpful in stock market?
Yes, an MBA course can be very helpful for a career in the stock market and finance in general. While an MBA doesn't focus solely on the stock market, it equips students with a range of skills and knowledge that are highly relevant in this field. Courses like MBA in Finance will help you gain insight about the stock market wherein you can learn about topics like financial analysis, portfolio analysis, corporate finance and strategic planning.
While an MBA provides a solid foundation, it's important to note that practical experience, continuous learning, and staying updated with market trends are equally vital in the stock market.
Q: Which MBA college in Maharashtra offered the highest placement package?
Below is the list of MBA top colleges in Maharashtra and a few top companies that recruit MBA graduates along with their placement package:
College Name | Placement Package | Top Recruiters |
|---|---|---|
| National Institute of Bank Management Placements | INR 15 LPA | Accenture, Barclays, Axis Bank, etc. |
INR 16 LPA | Deloitte India, ZS Associates, V-Guard, Tech Mahindra | |
INR 25 LPA | EY, Accenture, Google, Wipro, Flipkart, PwC, Jio | |
INR 30 LPA | Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
Disclaimer: This information is sourced from the official website/ media reports/ NIRF website and may vary.
4. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
5. IIM Nagpur - Indian Institute of Management
Commonly asked questions On Top Ranked MBA Colleges in Maharashtra: Ranking, Fees, Admission 2025, Courses, Placements,
Q: Is doing an MBA in institutions other than an IIM worth it?
Hi, Doing an MBA at institutions other than the Indian Institutes of Management (IIMs) can still be very valuable. Many non-IIM institutions offer excellent MBA programs with strong faculty, career support, and networking opportunities. It's important to research and consider factors such as programme reputation, faculty expertise, alumni network, and specific career goals when evaluating the worth of an MBA program.
Listed below are the top MBA colleges in India other than IIMs along with their total tuition fee:
| College Name | Total Tuition Fee |
|---|---|
| XLRI Xavier School of Management | INR 24 lakh- INR 30 lakh |
| NMIMS Mumbai | INR 8 lakh - INR 24 lakh |
| Symbiosis Institute of Business Management | INR 16 lakh - INR 22 lakh |
| MDI Gurgaon | INR 18 lakh - INR 25 lakh |
Hope this information proves beneficial for you!!
Q: Is it expensive to study MBA in Maharashtra colleges?
Pursuing MBA courses in colleges in Maharashtra can be expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below are the names of MBA colleges in Maharashtra along with their total tuition fee structure:
Fee Range | Popular MBA Colleges |
|---|---|
INR > 5 lakh | 8 (K J Somaiya Institute of Business Management, SIBM Pune, SPJIMR, etc.) |
Disclaimer: This information is sourced from the official website.
Q: Can I do MBA without giving any entrance exam?
In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide.
If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.
- The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
- For the reserved category, the score should at least be 45% aggregate.
- Some institutes accept other competitive exam scores such as XAT, MAT, GMAT, NMAT, ATMA, SNAP, etc.
If you did not appear for the CAT exam and still wish to get admission to the best MBA colleges in India without CAT, then, here is a list of top MBA institutes that give admissions based on different entrance criteria or exams.
MBA Colleges/ Institutes | MBA Exam Score Accepted |
|---|---|
SIBM, Pune | SNAP |
XLRI, Jamshedpur | XAT |
Xavier University, Bhubaneshwar | XAT, X-GMT |
Indian School of Business, Hyderabad | GMAT |
Amity University | XAT/GMAT/MAT/CAT/NMAT |
Q: What are the top specialisations offered by MBA colleges in Maharashtra?
In Maharashtra, the MBA degree is offered in various specialisations. See the table below for a detailed overview of the top specialisations offered by the best MBA colleges in Maharashtra:
| Top Specialisations | Number of Colleges |
|---|---|
| Finance | 6 |
| Sales & Marketing | 5 |
| Operations | 4 |
| Human Resources | 4 |
| IT & Systems | 1 |
6. K J Somaiya Institute of Management
7. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai
8. National Institute of Bank Management
Other popular MBA/PGDM colleges in Maharashtra
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