Top Management Colleges in Maharashtra 2025

The state of Maharashtra constitutes more than 440 top MBA colleges offering more than 1583 courses. Popular MBA Colleges in Maharashtra include IIM Nagpur, SIBM Pune, IIT Bombay, IMT Nagpur, and SPJIMR Mumbai. The sole purpose of these colleges is to provide students career growth, better salary packages, and good job profiles. Various specializations are offered by the MBA colleges such as International Business, Finance, Retail Management, Operational Management, Human Resources, Marketing, etc. Some of the entrance exams accepted by the top MBA colleges in Maharashtra are MAT, CAT, XAT, CMAT, ATMA, GMAT, SNAP, IBSAT, MAH MBA CET, NPAT, etc.

Top MBA Colleges in Maharashtra Highlights

The below table demonstrates some of the key highlights about MBA Colleges in Maharashtra:

Total Number of MBA Colleges in Maharashtra	440+
Approval Authority for MBA Colleges in Maharashtra	AICTE (All India Institute of Technical Education) NAAC (National Assessment and Accreditation Council) UGC (University Grants Commission)
Categories of MBA Colleges in Maharashtra	Government: 5 Private: 371 Public: 3
Total Courses Offered by MBA Colleges in Maharashtra	1583
Average Fees	INR 1,00,000 - 25,00,000
Accepted Entrance Exams for MBA Admission in Maharashtra	MAT, CAT, XAT, CMAT, ATMA, GMAT, SNAP, IBSAT, MAH MBA CET, NPAT.

Top MBA Colleges in Maharashtra Eligibility Criteria

Eligibility varies from institution to institution in different MBA colleges. Check the basic eligibility requirements of top MBA colleges in Maharashtra here. Aspirants must have a graduation degree from a recognized institution or university. For many colleges, 50% criteria must be fulfilled in the case of unreserved category and 45% in the case of reserved category. Students in the final years or whose results are awaited are also eligible to apply for MBA admissions. Some colleges often ask for work experience for providing admission to the MBA program.

Compare Top MBA Colleges in Maharashtra Ranking

Several agencies release the rankings for the MBA colleges based on certain parameters every year. These parameters can be University Perception, Gender Diversity, Faculty Quality, Extra-Curricular Activities, Placements, etc. Mentioned below you can find the top MBA colleges in Maharashtra rated by NIRF, Outlook, Times BSchool for the year 2021.

Top MBA Colleges in Maharashtra NIRF Rankings 2021

IIT Bombay has been ranked as the top MBA college in Maharashtra in the NIRF ranking 2021. Many other top colleges such as the National Institute of Industrial Engineering, Mumbai, Symbiosis Institute of Business Management, S. P. Jain Institute of Management & Research, and many more have gained rankings by NIRF this year. Check the top MBA colleges in Maharashtra based on the NIRF Ranking 2021 below.

College Name	NIRF 2021 Ranking	NIRF Score
Indian Institute of Technology Bombay	10	68.08
National Institute of Industrial Engineering, Mumbai	12	64.52
S. P. Jain Institute of Management & Research	19	58.73
Symbiosis Institute of Business Management	20	58.64
SVKM's Narsee Monjee Institute of Management Studies	22	57.53
Indian Institute of Management	40	50.62
K.J.Somaiya Institute Of Management	56	46.68
Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development	69	43.99
Principal L N Welingkar Institute of Management Development and Research	72	43.73
Balaji Institute of Management and HRD	76-100	-
Institute Of Management Technology, Nagpur	76-100	-
Pune Institute of Business Management	76-100	-
Vivekanand Education Society's Institute of Management Studies and Research	76-100	-

Top MBA Colleges in Maharashtra Times BSchool Rankings 2021

Check the top MBA colleges in Maharashtra based on the Times BSchool 2021.

College Name	Times BSchool Ranking 2021
K.J. Somaiya Institute of Management, Mumbai	7
SIES College of Management Studies, Mumbai	22
N.L Dalmia Institute of Management Studies And Research, Mumbai	23
Universal Business School, Mumbai	26
MET Institute of Management, Mumbai	28
ITM Business School, Navi Mumbai	28
Durgadevi Saraf Institute of Management Studies, Mumbai	41
Nest Academy Of Event Management And Development (NAEMD), Mumbai	42
Amity Global Business School (AGBS), Mumbai	49
Aditya Institute of Management Studies and Research, Mumbai	58
D.Y.Patil University. School of Management, Mumbai	69
IBSAR, Navi Mumbai	73
Vivekanand Education Society’s Business School, Mumbai	74
Lala Lajpatrai Institute of Management, Mumbai	82
Sasmira's Institute of Management Studies And Research, Mumbai	84

Top MBA Colleges in Maharashtra Outlook Rankings 2021

Check the top MBA colleges in Ahmedabad based on Outlook 2021.

College Name	Outlooks Ranking 2021
S. P. Jain Institute of Management & Research	2
SIBM Pune	3
NMIMS Mumbai	4
Jamnalal Bajaj Institute Of Management Studies -[JBIMS] Mumbai	14
National Institute of Industrial Engineering (NITIE)	17
Prin. L. N. Welingkar Institute of Management Development & Research	21
K J Somaiya Institute of Management, Mumbai	24

List of Top Government MBA Colleges in Maharashtra with Fee

Here is the list of Top Government MBA Colleges in Maharashtra along with their course fees.

College Name	Average Fees
SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology	INR 4.56 Lacs
NITIE Mumbai	INR 3.6 Lacs
JBIMS Mumbai	INR 3 lacs
IIM Nagpur	INR 2.75 Lacs
SIMSREE Mumbai - Sydenham Institute of Management Studies Research and Entrepreneurship Education	INR 51 K

List of Private MBA Colleges in Maharashtra with Fee

Here is the list of Top Private MBA Colleges in Maharashtra along with their course fees.

Name of the College	Course Fees
SPJIMR, Mumbai	INR 17.5 Lacs
SIBM Pune	INR 9.6 Lacs
SVKM's Narsee Monjee Institute of Management Studies	-
KJ Somaiya SIMSR	-
IMT Nagpur	INR 8.2 Lacs
Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research	-

ROI of Top MBA Colleges in Maharashtra

Check out the (Return on Investment) ROI of Top MBA Colleges in Maharashtra in the tabular format below.

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%

College Name	Total Fees	Average Placement Package	ROI Rank*
NITIE Mumbai	INR 3,60,000	INR 19,77,000	1
IIT Bombay	INR 4,24,000	INR 20,80,000	2
IMED Pune	INR 2,42,000	INR 7,00,000	3
KJ SIMSR Mumbai	INR 3,30,000	INR 9,40,000	4
NMIMS Mumbai	INR 9,25,000	INR 17,58,000	5
SIBM Pune	INR 9,60,000	INR 17,48,000	6
SPJIMR Mumbai	INR 17,50,000	INR 22,90,000	7
IMT Nagpur	INR 8,20,000	INR 7,64,000	8
BITSoM	INR 24,50,000	-	-

MBA Colleges in Maharashtra with Fee Structure

Check the MBA colleges in Maharashtra and their fee structure provided below.

Name of the College	Course Fees
IIT Bombay	INR 9.55 Lacs
National Institute of Industrial Engineering	INR 10.83 Lacs
S. P. Jain Institute of Management and Research (SPJIMR, Mumbai)	INR 8.00 Lacs - INR 17.50 Lacs
Symbiosis Institute of Business Management	INR 14.40 Lacs - INR 25.40 Lacs
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai	INR 20.84 Lacs
IIM Nagpur	INR 13.74 Lacs
K. J. Somaiya Institute of Management Studies & Research	INR 16.19 Lacs
IMT Nagpur	INR 11.94 Lacs
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development	INR 4.50 Lacs
Principal L N Welingkar Institute of Management Development and Research	INR 1.60 Lacs

MBA Colleges in Maharashtra with Placement

Check the top MBA colleges in Maharashtra along with the average salary offered by them during placements as prescribed below.

MBA Colleges in Maharashtra	Average Salary
SPJIMR Mumbai	INR 22,09,000
IIT Bombay	INR 20,08,000
NMIMS Mumbai	1NR 17,58,000
KJ SIMSR Mumbai	INR 9,04,000
IMT Nagpur	INR 7,64,000

MBA Colleges in Maharashtra with Cutoff

The cutoff percentile of MBA colleges in Maharashtra is listed below.

SPJIMR Mumbai Cutoff	IIT Bombay Cutoff
NMIMS Mumbai Cutoff	KJ SIMSR Mumbai Cutoff
IMT Nagpur Cutoff	NITIE Mumbai Cutoff

Top MBA Colleges in Maharashtra Accepting MBA Entrance Exam Scores

Candidates are shortlisted for MBA admission based on their performance in the entrance exams such as MAT, CAT, XAT, CMAT, ATMA, GMAT, etc. Candidates can check the list of MBA colleges in Maharashtra prescribed below accepting such entrance exams. Here is the picture below depicting the top MBA colleges in Maharashtra accepting MBA entrance exam scores.

Entrance Exams	Number of Colleges
CMAT	137
CAT	75
MAT	52
MAH CET	43
XAT	38
ATMA	17
GMAT	10
SNAP	9
MHCET MBA	4
JEE Mains	3
NMAT	2

Also Check:

Top MBA Colleges in Maharashtra Accepting CAT Scores	Top MBA Colleges in Maharashtra Accepting MAT Scores
Top MBA Colleges in Maharashtra Accepting MAH CET Scores	Top MBA Colleges in Maharashtra Accepting CMAT Scores
Top MBA Colleges in Maharashtra Accepting XAT Scores	Top MBA Colleges in Maharashtra Accepting ATMA Scores

MBA Specialisations Offered in Maharashtra

Various specializations are offered by the top MBA colleges in Maharashtra to aspirants based on their interests. The specializations include Finance, Marketing, Human Resource Management, General Management, International Management, Operations Management, etc. Refer to the top 10 MBA specializations offered in Ahmedabad below.

Specializations	Number of Colleges
Business Administration	194
Finance	138
Marketing	135
Human Resource Management	135
General Management	123
International Management	68
Operations Management	66
Supply Chain Management	38
Entrepreneurship	34
Information Technology	33

Top Recruiters of MBA Graduates in Maharashtra

Here are the top recruiters of MBA graduates at top MBA colleges in Maharashtra.

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Emerging MBA Specialisations in India: Colleges, Jobs and Salary Scope	Top 5 Highest Paying MBA Specialisations in India - Check Details Here
List of MBA Specializations - Which Course to Choose? Scope, Differences & Top Colleges	5 MBA Specializations to Pursue After Engineering

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Management
Maharashtra

Showing 1289 Management Colleges in Maharashtra

Vishwakarma Institute of Management

Pune, Maharashtra
Private

75,000 - 2,50,000 Fees
UGC Accredition

Shortlisted by 32+ students

DYPUSM Mumbai

4.5
(12 Reviews)
Mumbai, Maharashtra
Private

1,50,000 - 5,00,000 Fees
UGC Accredition
...+1 NAAC
CBSE 12th Exams
...+1 DYPCET

DYPUSM Mumbai also known as DY Patil University School of Management is amongst the popular management institutes in Mumbai and is accepted by UGC and AICTE. The university is approved by NAAC-A Grade. DY Patil University School of Management Mumbai (DYPUSM) provides UG and PG courses like BBA and MBA. The university accepts admission on a merit basis in the university entrance exam. The annual fee for the MBA programme ranges between Rs 5,00,000 - 6,30,000.

Shortlisted by 53969+ students

Green Heaven Institute of Management and Research

Nagpur, Maharashtra
Private

71,330 Fees
AICTE Accredition

Shortlisted by 19+ students

Alkesh Dinesh Mody Institute for Financial & Management Studies (ADMI), Mumbai

5.0
(1 Reviews)
Mumbai, Maharashtra
Public

34,000 - 1,00,000 Fees
MAH MBA CET Exams

Shortlisted by 56+ students

NWCC Pune

4.5
(13 Reviews)
Pune, Maharashtra
Government

11,666 - 35,000 Fees
NAAC Accredition
...+1 National Assessment and Accreditation Council (NAAC)

Shortlisted by 470+ students

Shri Shivaji Institute of Engineering and Management Studies

Parbhani, Maharashtra
Private

AICTE Accredition
MHT-CET Exams
...+1 JEE Main

Shortlisted by 55+ students

BIGCE Solapur

Solapur, Maharashtra
Private

51,360 Fees
AICTE Accredition
MHTCET MTech Exams
...+2 GATE , MHT-CET

Shortlisted by 61+ students

S.K.B. College of Pharmacy

Nagpur, Maharashtra
Private

12,000 - 2,73,000 Fees
AICTE Accredition
GPAT Exams
...+1 CBSE 12th

Shortlisted by 43+ students

Chetan Dattaji Gaikwad Institute of Management Studies

5.0
(2 Reviews)
Pune, Maharashtra
Private Unaided

73,000 - 2,07,500 Fees
NAAC Accredition
...+2 DTE , AICTE
2.5 Lacs Avg Package

Chetan Dattaji Gaikwad Institute of Management Studies is one of the popular management institutes in Pune affiliated with Savitribai Phule Pune University (SPPU) and has received accreditation from NAAC, DTE and AICTE. Moreover, the institute has a high placement record, making it one of the good choices for students. Average salary of a management student after the placement drive is Rs 4 LPA. Candidates seeking admission must pass one of the following entrance tests (MHCET/CMAT/MAT/CAT/XAT/ATMA/AMMI) administered by DTE.

Shortlisted by 15080+ students

SSBS Pune

4.0
(2 Reviews)
Pune, Maharashtra
Private

1,32,000 Fees
AICTE Accredition

Shortlisted by 17+ students

SBIIMS Pune

4.5
(2 Reviews)
Pune, Maharashtra
Private

25,000 - 4,50,000 Fees
AICTE Accredition
...+2 MHRD , Govt. of India

Shortlisted by 216+ students

ICE Mumbai

Mumbai, Maharashtra
Private

15,000 - 95,000 Fees
AICTE Accredition
15 K Avg Package
RBSE 10th Exams
...+1 CBSE 10th

Shortlisted by 24664+ students

Anekant Institute of Management Studies, Baramati

Baramati, Maharashtra
Private

99,000 Fees
AICTE Accredition
...+2 ISO , DTE
1.68 Lacs Avg Package

Shortlisted by 25+ students

INDUS BUSINESS SCHOOL Pune

Pune, Maharashtra
Private

3,20,000 Fees
AICTE Accredition
...+1 NBA
8 Lacs Avg Package
MAT Exams

Shortlisted by 7+ students

JIT Nashik

5.0
(2 Reviews)
Nashik, Maharashtra
Private

61,500 - 85,000 Fees
AICTE Accredition
MAT Exams
...+3 CAT , XAT , MHT-CET

Shortlisted by 73+ students

La Sphere School of Hotel Management

Mumbai, Maharashtra
Private

40,000 - 1,28,000 Fees

Shortlisted by 303+ students

Symbiosis Society

5.0
(4 Reviews)
Pune, Maharashtra
Private

26,613 - 13,76,000 Fees
NAAC Accredition

Shortlisted by 93+ students

National Institute of Management & Research Studies, Mumbai

Mumbai, Maharashtra
Private

1,15,000 - 5,00,000 Fees
UGC Accredition
...+1 Govt. of Maharashtra
Maharashtra HSC Exams
...+4 CBSE 12th , CAT , CMAT , MAH B.Ed CET

Shortlisted by 16972+ students

SaiBalaji Group of Institutes

4.5
(2 Reviews)
Pune, Maharashtra
Private

25,000 - 4,50,000 Fees
AICTE Accredition
...+2 MHRD , Govt. of India

Shortlisted by 725+ students

Fees and Courses (18)

PBS Pune

3.8
(18 Reviews)
Pune, Maharashtra
Private

2,95,000 - 3,10,000 Fees
AICTE Accredition
CAT Exams
...+1 XAT

Pune Business School, or PBS Pune, was established in 2020 and is approved by the All India Council for Technical Education (AICTE). The PBS Pune courses are offered at the PG level in the field of management. PBS Pune offers a Postgraduate Diploma in Management, or PGDM, which is a two year full-time course with an intake of 120 students. The PBS Pune PGDM courses are offered in various specialisations such as marketing, human resources, business analytics, finance, IT management, etc. The PBS Pune fees for PGDM is Rs 5,50,000 for two years. To be eligible for PBS Pune admission to PGDM courses, candidates must appear for the CAT/XAT/MAT/CMAT/ATMA/GMAT and get valid scores. Candidates in their final year of bachelor’s degree are also eligible to apply for PBS Pune admissions. During the PBS Pune placement drives, more than 600 companies visit every year. The highest package offered to the students was Rs 32 LPA. Some of the top recruiters that have participated during the PBS Pune placement drive are KSB Pumps, Alfa Laval, Godrej, Minda, KPIT, Cummins, Whirlpool, Volkswagen, Atlas Copco etc.

Shortlisted by 17421+ students

Times Pro. Mumbai

Mumbai, Maharashtra
Private

5,64,000 - 14,00,000 Fees
5 Lacs Avg Package

Shortlisted by 29+ students

DAE Mumbai

Mumbai, Maharashtra
Private

24,000 - 1,00,000 Fees
AICTE Accredition
ICMR JRF Exams
...+3 NEST , GATE , KVPY

Shortlisted by 18+ students

College of Agriculture (CoA), Pune

4.0
(4 Reviews)
Pune, Maharashtra
Private Unaided

16,700 - 26,650 Fees
Other Accredition
ICAR AIEEA Exams
...+2 MCAER CET , MHT-CET

Shortlisted by 913+ students

Sir Vithaldas Thackersey College of Home Science

Mumbai, Maharashtra
Government

UGC Accredition
...+2 NAAC , National Assessment and Accreditation Council (NAAC)
Maharashtra HSC Exams
...+1 CBSE 12th

Shortlisted by 39+ students

Institute of Business Studies and Research

Navi Mumbai, Maharashtra
Private

1,30,000 - 10,00,000 Fees
UGC Accredition
...+1 NAAC
5.5 Lacs Avg Package

Shortlisted by 5106+ students

Amity Global Business School (AGBS), Mumbai

5.0
(1 Reviews)
Mumbai, Maharashtra
Private

1,98,000 - 3,40,000 Fees
AICTE Accredition

Amity Global Business School was established in 2009 and approved by AICTE. It’s one of the top MBA colleges in Mumbai. The AGBS Mumbai admission is based on the entrance exam and merit scores. The application mode of this institution is online. The AGBS courses are BBA & MBA+PGPM. The top recruiters of this institution are Sony, HCL, Hyundai, TVS Motors, GE Capital, Accenture, Airtel, Citibank, Asian Paints, Axis Bank etc. The median Amity Global Business School placements salary package is Rs 5.5 LPA.

Shortlisted by 1096+ students

MGM Institute of Management

Aurangabad, Maharashtra
Private

1,11,000 - 1,33,500 Fees
ISO Accredition
...+4 NAAC , DTE , AICTE , National Assessment and Accreditation Council (NAAC)
MAH MBA CET Exams
...+1 CAT

Shortlisted by 36+ students

BIMHRD Pune

Pune, Maharashtra
Private
#69 NIRF

3,20,000 Fees
AICTE Accredition
CMAT Exams
...+1 CAT

Shortlisted by 18+ students

Balaji Institute of Telecom and Management (BITM), Mumbai

Mumbai, Maharashtra
Private

AICTE Accredition
CMAT Exams

Shortlisted by 9+ students

EMDI Institute of Media & Communication (EMDI), Mumbai

Mumbai, Maharashtra
Private

6 Lacs Avg Package
Maharashtra HSC Exams
...+1 CBSE 12th

Shortlisted by 4923+ students

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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Popular Specializations in Maharashtra

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