Top Management Colleges in Maharashtra 2025

There are a total of 1290 best MBA colleges in Maharashtra. Out of these, 1021 are privately owned, and 48 are government MBA colleges. CAT, CMAT, MAT, MAH CET, XAT, and ATMA are some of the entrance exams accepted by top MBA colleges in Maharashtra. Some of the popular management colleges in Maharashtra include IIT Bombay, Symbiosis Group of Institutes, SP Jain Institute of Management and Research, NMIMS Mumbai, IIM Nagpur, NIBM Pune, etc. These MBA colleges in Maharashtra offer top specialisations such as business administration, general management, finance, marketing, human resource management, international business, and so on!

Best MBA Colleges in Maharashtra 2025 Highlights

The management colleges in Maharashtra shortlist students for admission based on the entrance exam. Students also have to appear for personal interview and group discussion rounds to get selected for admission. The MBA colleges in Maharashtra then release a merit list containing names of students who are selected for admission.

Some of the major highlights for MBA colleges in Maharashtra have been listed below:

Full form

Masters in Business Management (MBA)

No of colleges in Maharashtra

1290

Top specialisations

Business administration, general management, finance, marketing, human resource management, international business, etc.

Accepted entrance exam

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

No of government MBA colleges in Maharashtra

48

No of private MBA colleges in Maharashtra

1021

Top MBA Colleges in Maharashtra 2025 NIRF Ranking

Ministry of Education releases NIRF ranking for MBA colleges in Maharashtra based on various parameters. The rankings are updated every year, so the top-ranked institutions may change from year to year. Listed below are some of the best MBA colleges in Maharashtra along with their NIRF rankings:

MBA Colleges in Maharashtra

NIRF Ranking 2024

NIRF Score 2024

Indian Institute of Management Mumbai

6

74.73

Indian Institute of Technology Bombay

10

67.16

Symbiosis Institute of Business Management

13

65.13

S. P. Jain Institute of Management and Research

20

60.97

SVKM`s Narsee Monjee Institute of Management Studies

21

60.96

Indian Institute of Management Nagpur

31

56.94

K J Somaiya Institute of Management Studies and Research

63

49.66

Prin. L.N. Welingkar Institute of Management Development and Research (PGDM)

84

46.53

National Institute of Bank Management

91

44.85

Best Private MBA Colleges in Maharashtra 2025

When it comes to choosing the best colleges for MBA colleges in Maharashtra, students must also not miss out on private colleges. There are a total of 1021 private colleges for MBA in Maharashtra. We have listed below the top private colleges for MBA in Maharashtra along with details like fees, seat intake, etc.

College Name

Fees

Selection Criteria/ Exams Accepted

SP Jain Institute of Management and Research

Rs 95,000 - Rs 16,85,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

KJ SOMAIYA Mumbai

Rs 82,675 - Rs 16,62,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Welingkar Mumbai

Rs 11,800 - Rs 7,00,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

NIBM Pune

Rs 13,72,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Flame University

Rs 90,000 - Rs 10,95,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Amity University Mumbai

Rs 32,000 - Rs 6,52,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

ICT Mumbai

Rs 41,250 - 3,48,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Tata Institute of Social Sciences

Rs 18,000 - Rs 12,30,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Sathaye College

Rs 3,680 - Rs 51,210

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Wilson College

Rs 54,360

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Top MBA Colleges in Maharashtra Government 2025

Government management colleges offer the best placements and a major portion of students wish to get admission to top government colleges. There are 48 government colleges in Maharashtra for MBA. We have listed below the top MBA colleges in the Maharashtra government along with details like fees, seat intake, etc.

College Name

Fees

Selection Criteria/ Exams Accepted

IIM Mumbai

Rs 1,72,500 - Rs 12,50,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

IIT Bombay

Rs 15,000 - Rs 42,00,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

IIM Nagpur

Rs 2,75,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

SNDT Women’s University

Rs 6,000 - Rs 1,42,370

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

NIFT Navi Mumbai

Rs 41,300 - Rs 3,45,700

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Sydenham Institute of Management Studies Research and Entrepreneurship Education

Rs 48,915 - Rs 1,56,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Institute of Science

-

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Kavayitri Bahinabai Chaudhari North Maharashtra University

Rs 3750 - Rs 67,840

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

NIEIT Aurangabad

Rs 3,000 - Rs 1,00,000

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

VAMNICOM Pune

Rs 30,000 - Rs 3,63,075

CAT, CMAT, MAT, MAH CET, XAT, and ATMA

Top Specialisation Offered by MBA Colleges in Maharashtra 2025

Along with choosing top colleges, candidates must also take into consideration top MBA specialisation while taking admission. Some of the top MBA specialisations in Maharashtra are business administration, general management, finance, marketing, human resource management, international business, etc. Given below are the top specialisations offered by MBA colleges in Maharashtra:

Business Administration

General Management

Finance

Marketing

Human Resource Management

International Business

Top MBA Colleges in Maharashtra 2025 Admissions

Most of the MBA colleges in Maharashtra take admission on the basis of an entrance exam followed by a personal interview and group discussion round. The detailed eligibility criteria might vary from college to college but the basic eligibility for admission has been listed below:

  • Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university.
  • Most of the colleges require candidates to have an aggregate score of 55% and above. However, some reserved candidates might get a relaxation of 5% on this criteria, depending on the college.
  • Candidates who are appearing for their final year of graduation can also apply for admission.

Selection Process for MBA Colleges in Maharashtra

Admission to top MBA colleges in Maharashtra is done either through an entrance exam or merit in the entrance exam. Most of the top management colleges in Maharashtra offer admissions based on entrance exams. However, some private colleges in Maharashtra offer direct admissions based on merit or management quota. Usually, the selection process for the best MBA colleges in Maharashtra goes through the 3 stages as listed below:

Through Entrance Exam:

  • Written Admission Test (WAT): The initial step in the selection process for top MBA colleges in Maharashtra is to qualify for the written test. Entrance exams like CAT, CMAT, MAT, MAH CET, XAT, and ATMA are accepted for admission to management colleges in Maharashtra.
  • Group Discussion (GD): Candidates who qualify for the written test will have to appear for the group discussion round. Here a topic will be given to a group of students to speak upon.
  • Personal Interview (PI): The final round of selection for the best MBA colleges in Maharashtra is the personal interview round. Candidates who qualify for this round will be selected for final admission.

Direct Admission:

Step 1: Check eligibility criteria, fee structure, and placement records for the college you wish to apply at.

Step 2: Fill out the admission form in online or offline mode.

Step 3: Submit required documents like graduation, 10th, and 12th mark sheets, transfer certificate, etc.

Step 4: If your application is accepted, you will be notified of the admission.

Step 5: Report to the allotted college for document verification, pay the required fees, and complete the admission formalities.

*Note: These are the general steps in the admission process and the actual selection process might vary from college to college.

Entrance Exams Accepted Top MBA Colleges in Maharashtra 2025

Most of the top MBA colleges in Maharashtra require candidates to qualify for an entrance exam. Now, students must be wondering which entrance exams they need to appear for to get admission to MBA colleges in Maharashtra. There are various exams accepted for admission such as CAT, CMAT, MAT, MAH CET, XAT, and ATMA.

CAT (Common Admission Test)

CAT is a national level entrance exam for admission to top MBA colleges in Maharashtra. Graduates in any discipline can apply for the CAT exam. The selection is based on CAT scores and subsequent GD-PI rounds.

MAT (Management Aptitude Test)

MAT is also a national level entrance exam for admission to the best MBA colleges in Maharashtra. For this exam, candidates need to graduate with BBA or equivalent. The selection is based on MAT scores and subsequent GD-PI rounds.

MAH MBA CET (Maharashtra MBA Test)

MAH MBA CET is a state level entrance exam for admission to management colleges in Maharashtra. Some colleges require candidates to qualify for MAH MBA CET strictly to get selected for admission. 

CMAT (Common Management Admission Test)

CMAT is a national level entrance exam for admission to MBA programs in Maharashtra. Graduates in any discipline can apply for the CMAT exam. The selection is based on CMAT scores and subsequent GD-PI rounds.

XAT (Xavier Aptitude Test)

XAT stands for Xavier Aptitude Test. It's a national level management entrance exam conducted by XLRI Jamshedpur for admission to MBA and PGDM programmes at top MBA colleges in Maharashtra.

Top MBA Colleges in Maharashtra Placements

When choosing an MBA college, candidates must look at their placement statistics. A good placement report is essential when it comes to management education. There are several MBA colleges in Maharashtra with good placements. Given below are the top colleges in Maharashtra for MBA placements:

Placements Statistics of MBA Colleges in Maharashtra

Particulars

IIM Mumbai

IIT Bombay

IIM Nagpur

Placement year

2024

2024

2024

Total recruiters

180

200+

200+

Total students placed

200+

1475

200+

Highest package offered

Rs 54 LPA

Rs 1 CPA

Rs 38.40 LPA

Average package offered

Rs 33.84 LPA

Rs 17.92 LPA

Rs 16 LPA

Best MBA Colleges in Maharashtra Cutoff

Admission to top MBA colleges in Maharashtra is done on the basis of CAT, MAT or other management entrance exam cutoff. It is essential for students to obtain the minimum CAT cutoff or MAT cutoff to get seats for admission. The closing ranks for best MBA colleges in Maharashtra are listed below:

CAT Cutoff 2024:

CAT Percentile

VARC Score

DILR Score

QA Score

Overall Score

99.9

48

36

48

106

99.5  

44

32

32

89

99  

40

28

28

80

98  

36

25

24

71

95 

30

19

19

57

90 

25

16

15

49

85 

21

13

12

40

80 

19

11

10

36

75 

17

10

9

31

70 

15

9

8

29

MAT Cutoff:

MBA Colleges in Maharashtra

MAT Cutoff 2024

Indian Institute of Management Kozhikode

85-90

National Institute of Technology Calicut

85-90

Cochin University of Science and Technology

85-90

Rajagiri Business School

85-90

St.Alberts College

80-85

St. Johns College

80-85

Federal Institute of Science and Technology

80-85

Asian School of Business, Trivandrum

80-85

Institute of Management

80-85

Toc H Institute of Science and Technology

80-85

Top MBA Colleges in Maharashtra Without Entrance Exam

While most of the colleges in Maharashtra require candidates to qualify for an entrance exam, there are various MBA colleges in Maharashtra that take admission without an entrance exam. Some of the top MBA colleges in Maharashtra without entrance exams are listed below:

Name of the College

Location

Welingkar Mumbai

Mumbai

Flame University

Pune

Amity University Mumbai

Mumbai

MIT WPU

Pune

Sandip University

Nashik

Ajeenkya DY Patil University Pune

Pune

Vishwakarma University

Mumbai

Best MBA Colleges in Maharashtra With Low Fees

There are various MBA colleges in Maharashtra that provide affordable design education. The fee payment for most of these colleges is semester-wise. Given below are the top MBA colleges in Maharashtra with fee structures:

College Name

Minimum Fees per year

NIEIT Aurangabad

Rs 3,000

Kavayitri Bahinabai Chaudhari North Maharashtra University

Rs 3,750

Sathaye College

Rs 3,680

SNDT Women’s University

Rs 6,000

Welingkar Mumbai

Rs 11,800

IIT Bombay

Rs 15,000

Tata Institute of Social Sciences

Rs 18,000 

Distance Learning MBA Colleges in Maharashtra

A total of 12 MBA college in Maharashtra offers a distance learning MBA programme. Distance learning MBA is a master's degree program in business administration that allows students to learn and earn their degree remotely. The list of distance learning MBA colleges in Maharashtra has been listed below:

College Name

Fees

Eligibility Criteria

DNC Nagpur

Rs 19,690

Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university with a minimum aggregate of 55%

SIM Pune

-

Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university with a minimum aggregate of 55%

Symbiosis Centre for Distance Learning Pune

Rs 2,000 - Rs 67,000

Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university with a minimum aggregate of 55%

Government College of Education (GCE), Aurangabad

-

Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university with a minimum aggregate of 55%

Dhote Bandhu Science College

Rs 9,276 - Rs 39,261

Candidates must have passed BBA or equivalent in a relevant stream from a recognised college/ university with a minimum aggregate of 55%

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MIT School of Management, or MITSOM, was established in 1987 in Pune. MITSOM Pune courses are offered at the postgraduate level in the field of management. The MITSOM Pune MBA programme is a full-time two year course. To be eligible for FLAME University admission to MBA courses, candidates must have a bachelor’s degree with a minimum of 50% marks. MITSOM Pune admissions to MBA courses are based on CAT/MAT/XAT/CMAT/MH-CET scores. In the MITSOM Pune placement drive, 95% of the students were placed in top companies. The highest package offered to the students was Rs 7 LPA, and the average salary package offered was Rs 4 LPA.
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    59,000 - 4,50,000 Fees

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    6.2 Lacs Avg Package

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    ...+3 XAT , CMAT , MAT
Aditya Institute of Management Studies and Research (AIMSR) is one of the top MBA colleges in Mumbai, established in 2011. It’s affiliated to the University of Mumbai and approved by AICTE. The most popular AIMSR Mumbai courses are PGDM & MMS. Admission to this institution is based on the entrance exam and merit scores. The campus is well-equipped with modern amenities. The Aditya Institute of Management Studies and Research placements report is wonderful.
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    5,50,000 - 8,50,000 Fees

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    ...+3 XAT , CMAT , MAT
Thadomal Shahani Centre for Management (TSCFM) is one of the top MBA colleges in Mumbai, established in 2011. It’s a private institution, affiliated to Anglia Ruskin University and EduQual. The TSCFM Mumbai admission mode is online. The institution offers courses at UG, PG & Diploma levels. The popular Thadomal Shahani Centre for Management courses are PG Diploma, Global MBA & PGDBM. The institution has a good placement record. The top recruiters of the TSCFM placements are Edelweiss, HDFC Bank, JP Morgan, Deloitte, Reliance, Google, ICIC Bank, BSE, CRISIL, Motilal Oswal etc.
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    2,75,000 - 3,50,000 Fees

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    ...+2 CMAT , MAT
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Lexicon Management Institute of Leadership & Excellence was founded in 2009 in Pune. Lexicon MILE Pune offers full-time MBA/Global MBA programme that has been authorised by the AICTE and has a dual speciality. For admission to its MBA and Global MBA programmes, Lexicon MILE Pune accepts a valid scores of CAT/ CMAT/ MAT/ GMAT/ XAT/ ATMA/ MAH MBA CET. Lexicon MILE offers excellent placement opportunities for their MBA students. The highest salary offered during placement drive 2022 was Rs 18 LPA . Lexicon MILE top recruiters include Mahindra, Kotak Life Insurance, Zolo, Fab Hotels, and TCS.
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ASM’s Institute of Management and Computer Studies (ASM IMCOST) is a private institution, established in 2004. It’s one of the top MBA colleges in Mumbai, approved by AICTE and affiliated to Mumbai University. The ASM IMCOST courses are at UG & PG levels. The mode of the application process is online. Admission to ASM’s Institute of Management and Computer Studies Mumbai is based on the entrance exam and merit scores. The institution has an active placement cell that helps in bringing recruiters to this institution. The top recruiters of ASM IMCOST Mumbai placements are L & T Infotech, Birla Sun Life Insurance, ICICI Prudential, Yes Bank, etc.
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Balaji Institute of Modern Management, or BIMM, is a private management institute established in Pune. The institute is approved by the All India Council for Technical Education (AICTE). The BIMM Pune courses are offered at the postgraduate level in the field of management. BIMM Pune offers MBA courses that have a duration of two years. The BIMM Pune MBA fees is Rs 10,70,000 for two years. To be eligible for BIMM Pune admission to MBA courses, candidates must have a bachelor’s degree with a minimum of 50% marks. Candidates who are in their bachelor’s degree final year are also eligible to apply. BIMM Pune admissions are based on marks obtained in CAT/MAT/XAT/CMAT or MH-CET. In the BIMM Pune placement drive of 2022, 100% of the students were placed in top reputed companies. Some of the top recruiters are Deloitte, Cognizant, BigBasket, Bajaj Housing Finance, and HCL.
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FAQs

Which entrance exams are accepted by the MBA colleges in Maharashtra?

MBA colleges in Maharashtra either conduct the institute level entrance exam or accept the national level exams such as CMAT, CAT, XAT, MAT, ATMA, GMAT, SNAP etc.

Which are the top MBA specialisations in Maharashtra?

The most popular MBA specialisations in Maharashtra include Finance, Marketing, International Business, Entrepreneurship, Human Resource Management etc.

Which MBA colleges in Maharashtra offer education through distance learning?

The MBA colleges in Maharashtra that provide distance learning education are Dhanwate National College (DNC), Nagpur, Institute of Sports Science & Technology (ISST PUNE), Pune, Kazian Global School of Business Management (KSBM), Mumbai, Knowledge++ Institute of IT & Management (KIITM), Thane and MIT School of Distance Education (MITSDR), Nagpur etc.

Which MBA colleges in Maharashtra charge less than 1 Lakh?

The MBA colleges in Maharashtra that charge less than 1 Lakh per semester are Garware Institute of Career Education and Development (GICED), Mumbai, Jaipuria Institute of Management - JIM, Noida, Institute of Management Studies (IMS), Noida, K. J. Somaiya Institute of Management Studies and Research (KJ SOMAIYA), Mumbai, Neville Wadia Institute of Management Studies and Research (NWIMSR Pune), Pune and many more.

Does Maharashtra have Public colleges that provide the MBA programme?

Yes, Maharashtra does provide MBA education through Public colleges such as National Institute of Industrial Engineering (NITIE), Mumbai, National Institute of Securities Markets (NISM), Navi Mumbai, Kohinoor Business School (KBS), Mumbai, Indian Aerospace & Engineering, Mumbai, Shri Binzani City College (SBCC), Nagpur etc.

Which are the top private MBA colleges in Maharashtra?

The top private MBA colleges in Maharashtra that provide admission to the candidates are Shailesh J Mehta School of Management (SJMSOM), IIT Bombay, Symbiosis Institute of Management Studies (SIMS), Pune, Garware Institute of Career Education and Development (GICED), University of Mumbai, Mitcon Institute of Management (MITCON), Pune, Thadomal Shahani Centre for Management (TSCFM), Mumbai and many more.

Do MBA colleges in Maharashtra consider the CAT scores for admissions?

Yes, plenty of MBA colleges in Maharashtra consider the CAT scores for admission to the institute. Some of them are Aditya Institute of Management Studies and Research (AIMSR), Mumbai, Amity University, Mumbai, International School of Business and Media - (ISB&M), Pune, Universal Business School (UBS), Karjat, Mumbai, Institute of Business Studies and Research (IBSAR), Navi Mumbai etc.

Which MBA colleges in Maharashtra accept the CMAT scores?

Popular MBA colleges in Maharashtra that accept the CMAT scores are Suryadatta Group of Institutes (SGI), Pune, Thadomal Shahani Centre for Management (TSCFM), Mumbai, Mitcon Institute of Management (MITCON), Pune, Aditya Institute of Management Studies and Research (AIMSR), Mumbai, D Y Patil University School of Management - (DYPUSM), Mumbai etc.

Which city has the most MBA colleges in Maharashtra?

Cities such as Pune, Mumbai, Nashik, Thane and Aurangabad have the maximum number of MBA colleges in Maharashtra.

How many MBA colleges are available in Maharashtra?

There are more than 928 colleges in Maharashtra that offer an MBA programme.

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