The best MBA colleges in Maharashtra include IIM Mumbai(NITIE), SJMSOM Mumbai, SPJIMR Mumbai, SIBM Pune, and SBM NMIMS Mumbai, etc. There are 665 recognized MBA/ PGDM colleges in Maharashtra which include 589 Private and 55 Government MBA Colleges in Maharashtra. Most of the top MBA colleges in Maharashtra are approved and recognized by AICTE and UGC.
IIM Mumbai(NITIE) is the best MBA college in Maharashtra. It is ranked #9 among the top MBA colleges in India as per NIRF Ranking. The Institute offers MBA/ PGDM courses in 5 different specializations and has a total seat intake capacity of 398. Tabulated below are the top 10 MBA colleges in Maharashtra as per Ranking with seat intake.
There are around 127 MBA colleges in Mumbai. SPJIMR Mumbai is one of the top Private MBA colleges in Maharashtra. Below is the list of top MBA colleges in Mumbai with seat intake.
College/ University Name | Seats Intake |
---|---|
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | 172+ |
IIM Mumbai(NITIE) | 398+ |
S.P. Jain Institute of Management and Research, Mumbai | 540+ |
NMIMS School of Business Management, Mumbai | 1260+ |
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | 15650+ |
K J Somaiya Institute of Management, Mumbai | 960+ |
Universal Business School, Mumbai | 800+ |
Amity University, Mumbai | - |
N.L. Dalmia Institute of Management Studies and Research, Mumbai | 360+ |
Vivekanand Business School (VBS), Mumbai | 180+ |
Pune hosts the highest number of MBA colleges in Maharashtra. There are around 230 MBA colleges in Pune. SIBM Pune is the best MBA college in Pune and it offers MBA courses with 3 specializations and has a seat intake of 280 for MBA/ PGDM Courses. Tabulated below are the top MBA colleges in Pune with seat intake.
College/ University Name | MBA/PGDM Seats |
---|---|
Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development - [IMED], Pune | 240 |
Symbiosis Institute of Business Management - [SIBM], Pune | 280 |
Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune | 306 |
National Insurance Academy - [NIA], Pune | 120 |
Pune Institute of Business Management - [PIBM], Pune | 180 |
Symbiosis Institute of International Business - [SIIB], Pune | 210 |
International Institute of Management Studies - [IIMS], Pune | 240 |
Balaji Institute of Modern Management - [BIMM], Pune | 360 |
Balaji Institute of Management and Human Resource Development - [BIMHRD], Pune | 240 |
Institute of Management Development and Research (IMDR), Pune | 180 |
Multiple ranking agencies have released the rankings for various management colleges in India. These agencies also release rankings for other streams including Engineering, Medical, Pharmacy, Law, and Architecture. These rankings are carefully curated considering many parameters like Faculty Quality, Placements, Perception of the University, Gender Diversity, etc.
Given below are rankings of top MBA colleges in Maharashtra by some of the top-ranking agencies in India.
NIRF or National Institutional Ranking Framework is a government-sponsored and the most authentic ranking agency in India for colleges and universities. NIRF ranks institutions based on five major parameters, each carrying a different weightage to determine their ranking. The table below displays the weightage assigned by NIRF for each of these parameters while ranking the top colleges in India.
IIM Mumbai(NIIE) is the best MBA college in Maharashtra, per NIRF rankings for the year 2023. It is followed by IIT Bombay at 10th with a NIRF score of 68.11
NIRF Ranking 2023 | College/ University Name | NIRF Score |
---|---|---|
7 | IIM Mumbai(NITIE) | 71.99 |
10 | Indian Institute of Technology Bombay | 68.11 |
17 | Symbiosis Institute of Business Management, Pune | 62.74 |
20 | S.P. Jain Institute of Management & Research, Mumbai | 60.91 |
21 | SVKM`s Narsee Monjee Institute of Management Studies, Mumbai | 60.84 |
43 | Indian Institute of Management, Nagpur | 53.41 |
45 | K J Somaiya Institute of Management Studies and Research, Mumbai | 52.14 |
73 | Principal L N Welingkar Institute of Management Development and Research, Mumbai | 48.21 |
76 | National Institute of Bank Management, Pune | 47.08 |
102 | Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development, Pune | - |
110 | INSTITUTE OF MANAGEMENT TECHNOLOGY, NAGPUR | - |
114 | National Insurance Academy, Pune | - |
117 | Pune Institute of Business Management, Pune | - |
The Times is one of the most popular English daily newspapers and digital media. Together Optimal Media Solutions - The Times and Avance India conducted a survey and released a list of Top MBA colleges in India.
Symbiosis Institute of Business Management popularly known as SIBM Pune is the best MBA college in Maharashtra with a seat intake of 280 for MBA/ PGDM courses. Below are the Top MBA colleges in Maharashtra, per Times Ranking for the year 2023.
Times Ranking 2023 | College/University Name |
---|---|
1 | Symbiosis Institute of Business Management, Pune |
13 | International School of Business And Media, Pune |
14 | School of Management, MIT WPU |
15 | Lexicon Management Institute of Leadership And Excellence, Pune |
19 | Dr. D. Y. Patil B-School, Tathawade, Pune |
20 | Balaji Institute of Modern Management (BIMM), Pune |
23 | N.L Dalmia Institute of Management Studies And Research, Mumbai |
23 | International Institute of Management Studies, Pune |
24 | SIES Management Institutes, Navi Mumbai |
25 | IIEBM, Indus Business School, Wakad Pune |
MBA education is expensive, thus it becomes important to consider the ROI factor before deciding on the college. Listed below are some of the top MBA colleges in Maharashtra according to their ROI value.
College/ University Name | Average Annual Fees (INR) | Average Placement Package (INR) | ROI Rank* |
---|---|---|---|
SJMSOM (IIT Bombay) | INR 4,91,100 | INR 25.9 LPA | 1 |
IIM Mumbai(NITIE) | INR 7,03,000 | INR 25.4 LPA | 2 |
SPJIMR Mumbai | INR 10,21,000 | INR 32.06 LPA | 3 |
SIBM Pune | INR 13,49,000 | INR 23.06 LPA | 4 |
IIMS Pune | INR 4,50,000 | INR 5.5 LPA | 5 |
SCMHRD Pune | INR 11,05,000 | INR 6.50 LPA | 6 |
The table below shows some of the top MBA colleges in Maharashtra and their cutoffs. Most of these colleges accept MAHCET, CAT, MAT, and CMAT scores.
College Name | Cutoff |
---|---|
SJMSOM IIT Bombay, Mumbai | CAT Cutoff |
IIM Mumbai(NITIE) | CAT Cutoff |
SPJIMR, Mumbai | XAT and CAT Cutoff |
KJ SIMSR, Mumbai | Cutoff for MAHCET, MAT, XAT, CMAT, CAT |
IMT, Nagpur | Cutoff for CAT, XAT, and CMAT |
SIBM, Pune | CAT and SNAP Cutoff |
SIIB, Pune | SNAP Cutoff |
MBA program fees are usually significantly higher in private colleges as compared to government colleges. Some of the top MBA colleges that are run by the government in Maharashtra include SJMSOM Mumbai, IIM Mumbai(NITIE), and others. Below are the names of the top government MBA colleges in Maharashtra along with their average fees.
College/ University Name | Average Annual fees |
---|---|
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai | INR 4,91,100 |
IIM Mumbai(NITIE) | INR 7,03,000 |
Department of Management Science, Savitribai Phule Pune University - [PUMBA] | INR 66,194 |
International Institute of Management Studies - [IIMS], Pune | INR 4,50,000 |
Department of Commerce and Management, Shivaji University, Kohlapur | INR 44,060 |
Savitribai Phule Pune University - [SPPU], Pune | INR 18,500 |
Mumbai University - [MU] | INR 22,000 |
College of Engineering - [COEP], Pune | INR 1,99,150 |
Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur | INR 23,712 |
Vivekanand Business School (VBS), Mumbai | INR 4,50,000 |
Maharashtra is home to some of the well-renowned and premier BSchools in India. There are 55 government and 585 private MBA colleges in Maharashtra. The chart below represents the ratio between public and private MBA colleges in Maharashtra:
Admission into MBA colleges in Maharashtra is based on merit as well as MBA entrance exams. For entrance-based admissions, candidates are shortlisted based on MAH CET, CAT, MAT, CMAT, etc. entrance scores and GD/ PI rounds. Few colleges conduct their entrance exams like SNAP, IBSAT, etc. For merit-based admissions, students are selected based on their 10+2 and graduation scores.
Shailesh J. Mehta School of Management, IIT Bombay - SJMSOM Mumbai is one of the best Management colleges in India. The Institute is ranked 10th by NIRF Ranking. It offers several Management courses like MBA, EMBA, Ph.D., etc., and is renowned for its flagship MBA programs. MBA admissions at SJMSOM Mumbai are offered solely based on CAT scores. The registrations for CAT 2023 are ongoing, eligible candidates can apply for CAT till September 13, 2023. The entrance test will be conducted on November 26, 2023. Check SJMSOM Mumbai Courses and Fees
A total of 1,431 offers were accepted and 1,648 offers were received during IIT Bombay phase 1 placements 2023. The key highlights of IIT Bombay phase 1 placement 2023 as compared with IIT Bombay placements 2022 are presented in the infographics below.
NMIMS Mumbai is one of the most popular top MBA colleges in Maharashtra. The institute has campuses in many cities in Maharashtra including Mumbai, Pune, and Navi Mumbai. Not just that, NMIMS also has campuses in Chandigarh, Hyderabad, and Bangalore.
Particulars | Placement Statistics(2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies visited | 170+ | 150+ |
Highest CTC (Domestic) | INR 38.57 LPA | INR 34.72 LPA |
Highest CTC (International) | INR 58.61 LPA | - |
Average CTC | INR 18.33 LPA | INR 18.45 LPA |
Major Sectors | IT, analytics, Consulting, Startup & E-Commerce | IT, analytics, Consulting, Startup & E-Commerce |
Top Recruiters | Abbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, Castrol, etc | Adidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon, etc |
SIBM Pune is a constituent of Symbiosis International (Deemed University). The institute, established in 1978, is consistently ranked among the top 10 private MBA colleges in India.
The institute has a total intake of 180 seats for the 2-year full-time MBA program. The reservation division for these seats is shown below.
Source: SIBM Pune Official Website
More than 100 companies visited the campus during SIBM Pune Placements.
Particulars | Placements Statistics (2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies participated | 90+ | 100+ |
No. of New Recruiters | - | 35+ |
No. of Students participated | - | 180+ |
No. of Offers made | 186 | 192 |
No. of Pre-placement offers | 87 | 66 |
Highest CTC | INR 34.26 LPA | INR 30.38 LPA |
Average CTC | INR 20.14 LPA | INR 19.56 LPA |
Top Recruiters | Accenture, Adani, Aditya Birla Group, Bajaj Finserv, Cipla, etc | Accenture, Aditya Birla Group, Asian paints, Bajaj, Phone Pe, Adidas, Hexaware, Dabur, etc |
Admissions to the top MBA colleges in Maharashtra are done through various top MBA entrance exams like CAT, SNAP, NMAT, XAT, etc. Many colleges and universities also entertain the score of local state-level MBA entrance exams like MAHCET and BVP BMAT.
Different MBA colleges in Maharashtra consider different entrance exam scores for admissions. The below infographic highlights the number of colleges accepting different exams:
MAH CET or the Maharashtra Common Entrance Test is conducted by the Directorate of Technical Education. Top MBA colleges in Maharashtra through CET include BIMM Pune, PUMBA Pune, MET Institute of Management Mumbai, etc. MAH CET 2024 exam will be held on 23rd & 24th March 2024. MAH CET 2024 Application is most likely to be out by the 4th week of February 2024. The MAH CET registration will begin on the official website, cetcell.mahacet.org. Check MAH CET 2024 Exam Dates
Listed below are some of the top MBA colleges in Maharashtra through CET.
Also, Check,
The top MBA colleges in Maharashtra are well renowned for their impeccable and high placement records. With the abundance of top-notch Global companies, top MBA colleges in Maharashtra offer lucrative opportunities and high ROI. The average CTC package offered to the students in the top MBA colleges in Maharashtra ranges between INR 10- 22 LPA. NMIMS Mumbai recorded the highest CTC package which stood at INR 57.65 LPA.
The following infographic highlights the top MBA colleges in Maharashtra with the average and highest CTC packages.
Source: Official Websites
The top recruiters in these companies include:
Bain & Company | Accenture Strategy | CISCO |
Amazon | Capgemini | Gartner |
Boston Consulting Group (BCG) | Morgan Stanley | BYJU’s |
Barclays Capital | McKinsey & Company | TCS |
Godrej | Airtel | J P Morgan |
Placements depend a lot upon the stream you choose. So, check the best colleges stream-wise by clicking on the links below.
MBA Marketing is a highly popular specialization within the MBA program. Through this program, students can learn various terms and concepts related to branding, advertising, customer attraction, marketing strategies, and resource management used in marketing. MBA Marketing graduates can work in job profiles such as Marketing Manager, Marketing Executive, and more.
Listed below are the top MBA colleges in Maharashtra for Marketing:
The finance industry is booming more than ever in India and so the job prospects are also getting better. The industry which has shown an overall growth of 15% till now, is now growing at around 8.5%. Mentioned below are some of the top MBA colleges in Maharashtra for finance.
Ques. Which MBA college has the best placement?
Ans. The best MBA colleges in India offer lucrative placement opportunities with high ROI (Return on Investment). Some of the top MBA colleges in Maharashtra with placements are listed below:
Ques. How to get admission into the top MBA colleges in Maharashtra?
Ans. Candidates seeking admission into top MBA colleges in Maharashtra must have to complete their graduation with at least 50% marks from a recognized University. Also, one way is required to qualify for any MBA entrance exams such as Indian Institute of CAT, XAT, GMAT, SNAP, MAH CET, etc., and may face Group discussion or personal interview rounds.
Ques. Which are the No 1 MBA colleges in India?
Ans. Indian Institute of Management, IIM Ahmedabad is considered the best MBA college in India and is the No 1 MBA college in India. IIM Ahmedabad has also been ranked 1st position among the top MBA colleges in India by various popular ranking Agencies such as NIRF, India Today, etc.
Ques. Is Nagpur University good for MBA?
Ans. Yes, Nagpur University is one of the best institutes in Maharashtra offering an MBA. Nagpur University offers good facilities and high-quality education, and it also offers you creative placement packages with high ROI.
Ques. Which Maharashtra colleges accept MAT scores?
Ans. Some of the best MBA colleges in Maharashtra accepting MAT entrance scores are listed below:
Ques. What are the best MBA colleges in Maharashtra for Marketing?
Ans. SP Jain Institute of Management and Research - [SPJIMR] Mumbai, Symbiosis Institute of Business Management - [SIBM] Pune, K J Somaiya Institute of Management Mumbai, and Institute of Management Technology - [IMT] Nagpur are some of the best MBA colleges in Maharashtra for Marketing.
Ques. Does MBA in Maharashtra need an entrance exam?
Ans. Yes, most of the top-ranked and best MBA colleges in Maharashtra offer solely based on the scores of the entrance exams conducted at the National, State, or University level. Some of the popular entrance exams accepted by the best MBA colleges in Maharashtra are CAT, GMAT, MAT, SNAP, MAH CET, etc.
Ques. Which college is best for MBA in Maharashtra?
Ans. IIT Bombay has been ranked as the best MBA college in Maharashtra by NIRF. The list also includes SPJIMR Mumbai, SIBM Pune, and ITM Nagpur.
Ques. What are the fees for MBA in Mumbai?
Ans. Mumbai houses the highest number of top MBA colleges in India. The average fee for pursuing MBA from these colleges is INR 7 lakh.
Ques. Which MBA degree pays the most?
Ans. As per the latest trends, MBA Business Analytics and MBA Marketing have proved themselves to be the most lucrative MBA specializations.
Ques. Which is the best college for MBA in Pune?
Ans. Pune houses some of the top MBA colleges in Maharashtra including SIBM Pune, Flame University, and PUMBA.
Ques. What is the salary of an MBA in IT?
Ans. The average annual MBA in IT salary is INR 9.8 lakh.
Ques. How can I join MBA in IIM?
Ans. IIMs give admissions on 2 bases:
(i) For National Students: The score of CAT is considered.
(ii) For International Students: The score of GMAT is considered.
Ques. Which IIT is best for MBA?
Ans. IIT Bombay has demonstrated its caliber when it comes to management education. The institute has been ranked 1st in Maharashtra by the latest NIRF Rankings. QS has also named IIT Bombay as the best university in India.
Ques. Is Amity Mumbai good for MBA?
Ans. Amity Mumbai admits students based on various criteria like CAT, XAT, NMAT, MAT, GMAT, etc. The average placement package is around INR 3-4 lakh.
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Universal Business School - [UBS], Karjat Karjat, Maharashtra |AICTE, NBA, AIU Approved | ₹ 11,98,000MBA/PGDM- total fees | ₹ 15,22,000Average Package₹ 42,33,000Highest Package | 4.3 / 5 Based on 242 User ReviewsBest in Social Life | #168th/200 in India 2025 + 2 More | |
MIT World Peace University - [MIT-WPU], Pune Pune, Maharashtra |PCI, BCI, UGC Approved | ₹ 4,55,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 7,00,000Average Package₹ 51,36,000Highest PackageCompare Placement | 3.9 / 5 Based on 801 User ReviewsBest in Infrastructure | #89th/200 in India 2025 + 6 More |