Tasbiya KhanSenior Executive
Top MBA Colleges in Maharashtra: Ranking 2024, Fees, Cutoff, Placements, Admission
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.
Table of Contents
- Top MBA Colleges in Maharashtra: Highlights 2024
- Top MBA Colleges in Maharashtra: Admissions 2024
- Top MBA Colleges in Maharashtra: Exam Schedule 2024-25
- Top MBA Colleges in Maharashtra with NIRF Ranking 2024
- 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
- State-wise Top MBA Colleges in Maharashtra
- Top MBA Colleges in Maharashtra: Fees vs Salary
- Top Recruiters for MBA Graduates in Maharashtra
- Cost of Pursuing MBA from Maharashtra
- Top Specialisations Offered by Top MBA Colleges in Maharashtra
- Top MBA Colleges in Maharashtra: Comparison
- Top MBA Colleges in Maharashtra FAQs
Top MBA Colleges in Maharashtra: Highlights 2024
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 |
| Annual Fees |
INR > 5 lakh: 8 colleges |
| 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 2024 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: Admissions 2024
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 2024-25
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 2024 |
24 Nov '24 | |
| XAT Exam 2025 |
5 Jan ‘25 |
|
| MAH CET 2025 Exam |
Mar '25 |
Preparing for CAT 2024? 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:
| College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
| INR 24 lakh Seats: 910 |
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 17 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:
| College Names |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
| INR 14 lakh |
Entrance Exam: CAT Graduation with 50% aggregate |
|
| INR 19 lakh |
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: 180 |
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 2024
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.
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 |
|---|---|---|
| K J Somaiya Institutete of Management MBA | INR 17 lakh | INR 10 LPA |
| IIM Nagpur MBA | INR 19 lakh | INR 16 LPA |
| INR 24 lakh |
INR 24 LPA |
|
| INR 24 lakh |
INR 32 LPA |
Disclaimer: The above statistics are based on the latest available data.
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
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 ackage:
| College Name |
Placement Package |
Top Recruiters |
|---|---|---|
| INR 10 LPA | Britannia, Emami Agrotech, Bain & Co., EY GDS |
|
| INR 16 LPA |
Deloitte India, ZS Associates, V-Guard, Tech Mahindra |
|
| INR 24 LPA |
EY, Accenture, Google, Wipro, Flipkart, PwC, Jio |
|
| INR 32 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 |
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
3. S.P. Jain Institute of Management and Research, Mumbai
4. Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS, Mumbai
5. IIM Nagpur - Indian Institute of Management
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
Confused about which college or exam to opt for?
Chat with our counsellor.
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Top MBA Colleges in Maharashtra FAQs
Q: How many MBA colleges are there in Maharashtra?
A: 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 ranking 2024?
A: Hi, to determine the No. 1 MBA college in Maharashtra, you need to go through its NIRF rankings over the past three years, i.e. from 2022 to 2024:
|
College Name |
NIRF 2022 |
NIRF 2023 |
NIRF 2024 |
|---|---|---|---|
|
IIM Mumbai (formerly known as NITIE) Ranking |
9 |
7 |
6 |
|
Indian Institute of Technology, Bombay Ranking |
11 |
10 |
10 |
|
Symbiosis Institute of Business Management Ranking |
17 |
17 |
13 |
|
S. P. Jain Institute of Management & Research Ranking |
21 |
20 |
20 |
|
SVKM`s Narsee Monjee Institute of Management Studies Ranking |
25 |
21 |
21 |
|
Indian Institute of Management, Nagpur Ranking |
43 |
43 |
31 |
|
K.J.Somaiya Institute of Management Ranking |
71 |
45 |
63 |
|
Principal L N Welingkar Institute of Management Development and Research Ranking |
68 |
73 |
84 |
Q: Which is the best college for an MBA in Maharashtra with the highest package in placement?
A: The following is a list of the top MBA colleges in Maharashtra, as well as a few prominent organizations that recruit MBA graduates along with their placement packages:
|
College Names |
Placement Package |
Top Recruiters |
|---|---|---|
|
K J Somaiya Institute of Management Placements |
INR 10 LPA |
Britannia, Emami Agrotech, Bain & Co., EY GDS |
|
Indian Institute of Management, Nagpur Placements |
INR 16 LPA |
Deloitte India, ZS Associates, V-Guard, Tech Mahindra |
|
Symbiosis Institute of Business Management Placements |
INR 24 LPA |
EY, Accenture, Google, Wipro, Flipkart, PwC, Jio |
|
S. P. Jain Institute of Management & Research Placements |
INR 32 LPA |
Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
Q: Who are the top recruiters participated in MBA colleges in Maharashtra?
A: The top recruiters who hire students from MBA colleges in Maharashtra are as follows:
| Flipkart | Britannia |
| Deloitte | ZS Associates |
| Accenture | |
| EY | Wipro |
| Jio | Amazon |
| Goldman Sachs | Paytm |
Q: Which are the most affordable and best colleges in Maharashtra for an MBA?
A: The table below shows the most affordable and best MBA colleges in Maharashtra having fees of INR 3-5 lakh along with their total tuition fees:
| College Name | Total Tuition Fee |
|---|---|
| Institute of Management and Entrepreneurship Development | INR 5 lakh |
Q: Which top MBA colleges in Maharashtra give admission through CET?
A: There is only 1 MBA college in Maharshtra which give admission through MAH CET entrance exam. Listed below is the total tuition fee and placement of MBA college accepting MAH CEt score in Maharashtra:
| College Name | Total Tuition Fee | Annual Placement Package |
|---|---|---|
| Pune Institute of Business Management | INR 8 lakh | INR 7 LPA |
Q: What is the difficulty level of MAH MBA CET?
A: MAH MBA CET is a moderately difficult exam. It’s difficulty level is lower than CAT but higher than MAT or ATMA. A major factor that makes MAH CET a difficult test to crack is that the questions are presented in random order and sectional weightage vary in every slot. So, candidates cannot anticipate or plan how many and which type of questions to get to their target score.
Also, the MAH MBA CET is dominated by Logical Reasoning questions and there are comparatively less Quantitative Aptitude questions. Since, there is no set pattern, candidates cannot pre-plan. They need to make a strategy and implement it as soon as they see the question paper. So, those who can think on their feet and can crack the exam better than others.
Q: Which are the best MBA colleges in Maharashtra to get a decent job?
A: To get a decent job, you need to go through the ROI of various MBA colleges in Maharashtra. Listed below are some of the colleges along with their total tuition fees and average placement package:
|
College Name |
Total Tuition Fee |
Annual Average Package |
|---|---|---|
| K J Somaiya Institutete of Management MBA | INR 17 lakh | INR 10 LPA |
| IIM Nagpur MBA | INR 19 lakh | INR 15 LPA |
|
Symbiosis Institute of Business Management MBA |
INR 24 lakh |
INR 24 LPA |
|
S. P. Jain Institute of Management & Research MBA |
INR 20 lakh |
INR 30 LPA |
Q: Which is the best course offered by top MBA colleges in Maharashtra?
A: The MBA degree is available in a variety of specializations in Maharashtra. See the table below for a thorough breakdown of the top specialisations provided by Maharashtra's leading MBA colleges:
| Top Specialisations | Number of Colleges |
|---|---|
| Finance | 6 |
| Sales & Marketing | 5 |
| Operations | 4 |
| Human Resources | 4 |
| IT & Systems | 1 |
Q: What is the fees of top MBA colleges in Maharashtra?
A: SIBM Pune has the highest total tuition fee of INR 22 lakh, while IIM Mumbai has the lowest total tuition fee of INR 6 lakh.
Listed below is the total tuition fee of top MBA colleges in Maharshtra:
|
College Name |
Total Tuition Fee |
|---|---|
|
Symbiosis Institute of Business Management Admission |
INR 24 lakh |
|
S. P. Jain Institute of Management & Research Admission |
INR 24 lakh |
|
SVKM`s Narsee Monjee Institute of Management Studies Admission |
INR 23 lakh |
|
Principal L N Welingkar Institute of Management Development and Research Admission |
INR 14 lakh |
|
Indian Institute of Management, Nagpur Admission |
INR 19 lakh |
Q: What are the top private MBA colleges in Maharashtra?
A: The table below shows the top private MBA colleges in Maharashtra along with their tuition fees and seat intake:
|
College Name |
Total Tuition Fee/Seat Intake |
|---|---|
|
Symbiosis Institute of Business Management Admission |
INR 24 lakh Seats: 910 |
|
S. P. Jain Institute of Management & Research Admission |
INR 24 lakh Seats: 880 |
| K J Somaiya Institute of Management Admission |
INR 17 lakh Seats: 660 |
|
Principal L N Welingkar Institute of Management Development and Research Admission |
INR 14 lakh Seats: 16,250 |
Q: How can I prepare for MAH MBA CET?
A: MAH MBA CET preparation can be done in two ways – 1. Join a coaching institute 2. Prepare by self study. If you choose the former, you will get complete guidance from the teachers and mentors, but if you choose the later, you will have to be your own guide. Self study will require a lot more discipline and dedication. Take simple yet impactful steps. First of all, check the exam syllabus and see how much time you will require to cover the topics. If you are already familiar with the topics included in the MAH MBA CET syllabus, you will be able to have an estimation of the time required.
Ideally, you should start MAH MBA CET preparation about nine months in advance. That will give you an ample time to understand and master the topics included in the syllabus through theory and practice questions. Join online study groups for problem solving and doubt clearing. Staying in contact with peers will keep you motivated for preparation.
Q: Is MBA course helpful in stock market?
A: 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: What are the government top MBA colleges in Maharashtra?
A: Refer to the table below for a detailed overview of the top government MBA colleges in Maharashtra along with their tuition fees and seat intake:
|
College Names |
Total Tuition Fee/Seat Intake |
|---|---|
|
IIM Mumbai Admission |
INR 14 lakh |
|
IIM Nagpur Admission |
INR 19 lakh |
Q: Does an MBA require Class 12 marks?
A: The requirement for Class 12 marks (or equivalent high school qualifications) for MBA admissions can vary depending on the university or business school. Some MBA programs may require you to submit your Class 12 transcripts or equivalent as part of the application process, while others might prioritize undergraduate or bachelor's degrees and might not emphasize high school marks as heavily.
However, it's important to note that while Class 12 marks might not be the primary focus for many MBA programs, they could still be considered part of the overall academic evaluation, especially if you have limited work experience or if the programme considers a holistic view of your educational background.