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




Update at Feb 18, 2024, 5:03 am

Maharashtra in western India is one of the premier destinations for earning an MBA (Master of Business Administration). Home to several acclaimed business schools and offering an abundance of specializations and career prospects for prospective management professionals, Maharashtra provides excellent MBA programs suited for individuals who seek professional advancement within this sector. Here, we will cover information regarding MBA programs offered in Maharashtra including top business schools, admission requirements, specialization options and career prospects.


Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai:

JBIMS is one of India's premier business schools, renowned for its rigorous MBA curriculum, experienced faculty and strong industry ties. JBIMS consistently ranks among India's premier business schools.

Symbiosis Institute of Business Management (SIBM):

With campuses in Pune and Nashik, SIBM is an esteemed business school in Maharashtra that offers an MBA program with specializations in Marketing, Finance, Operations, and Human Resources. SIBM boasts an active alumni community and offers excellent job placement opportunities.

Shailesh J. Mehta School of Management (SJMSOM):

Shailesh J. Mehta School of Management (SJMSOM), located in Mumbai, is the management school affiliated with Indian Institute of Technology Bombay (IITB). Offering an impressive two-year full-time MBA program renowned for specializing in technology management and innovation, SJMSOM stands out amongst management schools as an exceptional mix of managerial education.

K. J. Somaiya Institute of Management Studies and Research:

This Mumbai-based institute offers several MBA programs, such as general MBA, International Business Management MBA and Healthcare Management MBA. Known for their strong industry connections and emphasis on experiential learning.


Admission Process for MBA Programs in Maharashtra: The admissions process for MBA programs in Maharashtra typically entails entrance exams, group discussions, personal interviews, and academic performance reviews.

Some Popular Entrance Exams of MBA Colleges in Maharashtra:

Common Admission Test (CAT):

CAT is a national-level entrance exam administered by Indian Institutes of Management (IIMs) to grant admission into their MBA programs; many top B-schools in Maharashtra accept its scores.

Maharashtra Common Entrance Test (MAH-CET):

MAH-CET is a state-level entrance examination administered by the Directorate of Technical Education of Maharashtra and accepted by various management institutes across Maharashtra.

Xavier Aptitude Test (XAT):

The XAT is a national-level entrance exam conducted by Xavier School of Management (XLRI) for admission into its management programs; some business schools in Maharashtra accept scores from XAT as well.

Apart from the exams mentioned above, some institutes also administer entrance exams or accept scores from national-level exams such as GMAT and CMAT for candidates to enroll. Candidates who pass these entrance exams are shortlisted for further rounds of group discussions and personal interviews.


MBA programs in Maharashtra offer an extensive array of specializations designed to meet varying career interests. Examples of common specializations may include:

Marketing Management:

This specialization emphasizes developing skills related to market research, brand management, advertising, sales, and customer relationship management.

Finance Management:

This specialization equips students with financial analysis, investment management, corporate finance, and risk management abilities.

Human Resource Management:

Specializing in Human Resource management allows for expert expertise to be developed in talent acquisition, employee training and development, performance management and organizational behavior.

Operations Management:

This specialty deals with overseeing production processes, supply chain administration, logistics services management, quality control measures and project administration.

Information Technology Management:

Specializing in IT management combines business and technological knowledge to address challenges related to IT strategy, systems management, and digital transformation.

Certain business schools also specialize in International Business, Entrepreneurship, Healthcare Administration and Rural Management.


An MBA degree from a reputable business school in Maharashtra provides graduates with numerous career prospects. Graduates may explore various sectors such as consulting, finance, marketing, human resources operations and entrepreneurship before eventually exploring popular job roles such as:

  • Business Consultant

  • Marketing Manager

  • Financial Analyst

  • Human Resource Manager

  • Operations Manager

  • Project Manager

  • Product Manager

  • Investment Banker

  • Supply Chain Manager

  • Entrepreneur

MBA graduates in Maharashtra typically enjoy competitive pay packages depending on factors like business school, specialization, and industry of employment; however, they should expect competitive wages with excellent growth potential.


Maharashtra provides a dynamic environment to pursue an MBA degree, boasting numerous renowned business schools with diverse specializations and promising job prospects. Maharashtra continues to be one of the preferred locations.

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