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Top MBA Colleges in Maharashtra: Dates, Rankings, Fees, Admissions, Courses, Placements 2024

Q: What are the most accepted MBA entrance exams?

The most accepted MBA entrance exam is as follows:CAT (Common Entrance Test)MAT (Management Aptitude Test)XAT (Xavier's Admission Test)CMAT (Common Management Admission Test)MAH CET (Maharashtra Common Entrance Test)SNAP (Symbiosis National Aptitude Test)

Zollege Team

Content Curator | Updated On - Dec 12, 2025

The Top MBA Colleges in Maharashtra are Shailesh J. Mehta School of Management(SJMSOM) Mumbai, IIM Mumbai(NITIE), Symbiosis Institute of Business Management(SIBM) Pune, S.P. Jain Institute of Management & Research(SPJIMR) Mumbai, and SBM NMIMS Mumbai. There are a total of 665 recognized MBA colleges in Maharashtra, of which 589 are Private and 55 are Public/Government owned.

Indian Institute of Management, Mumbai (IIM) previously known as National Institute of Industrial Engineering, Mumbai (NITIE) ranked 7 on NIRF in 2023
The average salary package for an MBA in Maharashtra ranges from INR 7,00,000 - INR 15,00,00 based on the specialization and experience.
Entrance exams like CAT, MAT, XAT, CMAT, SNAP, MAH CET are accepted at all MBA colleges in Maharashtra.

Table of Content

Top MBA Colleges in Maharashtra: Highlights
Top MBA Colleges in Maharashtra: Entrance Exam Schedule
Top 10 MBA Colleges in Maharashtra
Top MBA Colleges in Maharashtra: NIRF Ranking 2023
Top Private MBA Colleges in Maharashtra
Top Government MBA Colleges in Maharashtra
FAQs

Top MBA Colleges in Maharashtra: Highlights

There are over 600 MBA colleges in Maharashtra offering specializations in top fields like finance, operation management, sales and marketing, and human resource management. The average course fees range from INR 1,00,000 - INR 25,00,000.

Accenture, Abbot, CISCO, and Aditya Birla Group are some of the top recruiters for MBA graduates in Maharashtra.

Parameters	Particulars
No. Of MBA Colleges	665
Average MBA Course Fees(INR)	INR 1,00,000 - INR 25,00,000
Top Specializations	Finance, Sales & Marketing, Human Resource, Operations, IT
Entrance Exams	CAT, MAT, XAT, CMAT, MAHCET, SNAP
Average Package(INR)	INR 7,00,000 - INR 15,00,000
Top Recruiters	Abbot, Accenture, Aditya Birla Group, McKinsey & Company, Boston Consulting Group (BCG), Amazon, CISCO, TCS, etc.

Top MBA Colleges in Maharashtra: Entrance Exam Schedule

Admissions to MBA colleges in Maharashtra are granted through entrance exams like CAT, MAT, XAT, CMAT, SNAP, MAH CET, etc. Candidates must appear for the required entrance tests to begin their admission process.

The following table has the exams and their respective dates for 2024:

Exam Name	Exam Dates
CAT	24 November 2024
SNAP	December 2024
CMAT	May 2024
MAT	10 March 2024
MAH CET	9 and 10 March 2024
XAT	7 January 2024

Top 10 MBA Colleges in Maharashtra

The following table lists the top 10 MBA colleges in Maharashtra with their total course fees and seat intake capacity:

College Name	Total Fees(INR)	Seat Intake
IIM Mumbai (previously known as NITIE)	INR 21,00,000	338
Indian Institute of Technology Bombay	INR 20,00,000	172
Symbiosis Institute of Business Management, Pune	INR 22,00,000	280
S.P. Jain Institute of Management & Research, Mumbai	INR 22,10,000	780
SVKM's Narsee Monjee Institute of Management Studies, Mumbai	INR 35,00,000	990
Indian Institute of Management, Nagpur	INR 19,00,000	260
K J Somaiya Institute of Management Studies and Research, Mumbai	INR 17,30,000	660
Principal L N Welingkar Institute of Management Development and Research	INR 14,00,000	12830
National Institute of Bank Management, Pune	INR 14,00,000	120
Institute of Management Technology, Nagpur	INR 13,80,000	360

Top MBA Colleges in Maharashtra: NIRF Ranking 2023

National Institutional Ranking Framework (NIRF) is a ranking system of the Government of India, specifically of the Education Ministry. It ranks different colleges in India based on teaching, faculty, placement, etc.

The table below shows the rankings for the years 2022 and 2023 of MBA colleges in Maharashtra:

College Name	NIRF Ranking 2023	NIRF Ranking 2022
National Institute of Industrial Engineering, MumbaiIIM Mumbai	7	9
Indian Institute of Technology Bombay	10	11
Symbiosis Institute of Business Management, Pune	17	17
S.P. Jain Institute of Management & Research, Mumbai	20	21
SVKM's Narsee Monjee Institute of Management Studies, Mumbai	21	25
Indian Institute of Management, Nagpur	43	43
K J Somaiya Institute of Management Studies and Research, Mumbai	45	71
Principal L N Welingkar Institute of Management Development and Research	73	68
National Institute of Bank Management, Pune	76	NA
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development, Pune	101-125	101-125
Institute of Management Technology, Nagpur	101-125	95
National Insurance Academy	101-125	101-125
Pune Institute of Business Management	101-125	91

Top Private MBA Colleges in Maharashtra

Private colleges allow students a one-on-one learning experience and offer better industry connections and networking opportunities. They have excellent placements and better infrastructure.

There are a total of 589 private colleges from which the Top Private MBA colleges in Maharashtra are listed below with their total course fees and admission process requirements:

College Name	Total FeesINR)	Admission Process
Symbiosis Institute of Business Management, Pune	INR 22,00,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: SNAP, MAH CET
S.P. Jain Institute of Management & Research, Mumbai	INR 22,10,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT
SVKM's Narsee Monjee Institute of Management Studies, Mumbai	INR 35,00,000	Eligibility: Undergraduate Degree with a minimum aggregate of 50% to 55% Entrance Exam: NMAT, NMIMS CET, MAH CET
National Insurance Academy	INR 1,200,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT, XAT, CMAT
Pune Business School	INR 5,90,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: MAT, XAT, CAT, CMAT, ATMA
Institute of Management Technology, Nagpur	INR 13,80,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exams: XAT, CAT, CMAT

Top Government MBA Colleges in Maharashtra

The topmost colleges for MBA in Maharashtra are government colleges. They are the very best of the best and therefore have higher fee structures. They offer excellent placement packages with good ROI, faculty, and resources.

There are 55 government colleges of which the Top Government colleges in Maharashtra are listed below with the requirements for admissions and the total course fees:

College Name	Total Fees(INR)	Admission Process
IIM Mumbai (previously known as NITIE)	INR 21,00,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT
Indian Institute of Management, Nagpur	INR 19,00,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT
National Institute of Bank Management, Pune	INR 14,00,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT, XAT, CMAT
Shailesh J Mehta School of Management (SJMSOM)	INR 6,91,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT, MAH CET
Department of Management Science (PUMBA) Pune	INR 1,50,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: MAT, XAT, CAT, CMAT, ATMA, MAH CET, GMAT

FAQs

Ques. Which city is best for MBA in Maharashtra?

Ans. As per the NIRF ranking, IIM Mumbai is the best MBA college in Maharashtra ranking at 7 making Mumbai the best city to pursue an MBA degree.

Ques. What are the fees for an MBA in Maharashtra?

Ans. The course fees for MBA in Maharashtra range from INR 1,00,000 to INR 25,00,000.

Ques. Can I do an MBA without a CAT?

Ans. Yes, some colleges offer direct admissions while some have their entrance tests like SNAP for Symbiosis Institute of Business Management.

Ques. Which MBA field is the best?

Ans. The best MBA specializations based on placements and high demand are Business Analytics, IT, Finance, Marketing, and Human Resources.

Ques. Which college has the lowest MBA fees?

Ans. MBA course fees can be high, however, several colleges offer the same 2-year MBA course for low fees, like Sancheti Group of Institutes, Pune, and Department of Business Management Nagpur University at INR 90,000 and INR 47,420 respectively.

Ques. Which MBA college is best for placement?

Ans. The IIMs have the highest placement records. A total of 107 companies visited IIM Mumbai while IIM Nagpur has had 100% placements multiple times.

Ques. Pune or Mumbai - which one is best for an MBA?

Ans. Both cities are great to study in however, Mumbai has a higher cost of living than Pune.

Moreover, both cities have a bustling business environment and colleges that offer quality education and excellent placement opportunities.

Ques. What are the most accepted MBA entrance exams?

Ans. The most accepted MBA entrance exam is as follows:

CAT (Common Entrance Test)
MAT (Management Aptitude Test)
XAT (Xavier's Admission Test)
CMAT (Common Management Admission Test)
MAH CET (Maharashtra Common Entrance Test)
SNAP (Symbiosis National Aptitude Test)

Ques. Is Nagpur good for MBA?

Ans. Nagpur is a good option for anyone seeking to do an MBA in Maharashtra. Nagpur University and IMT Nagpur are both excellent colleges that offer MBAs, their course fees are INR 2,20,000 and INR 13,80,000 respectively.

Ques. Which IIT is best for an MBA?

Ans. IIT Bombay is among one of the best choices for an MBA in Maharashtra. It ranked 10 in the NIRF 2023 rankings.

Ques. What is the salary for an MBA in Maharashtra?

Ans. Salaries for MBA graduates range from INR 7,00,000 to INR 15,00,000 LPA based on the field and experience.