Kanishk Rahi
Update at Aug 9, 2024, 12:48 pm
Maharashtra is a huge state and many graduates dream of pursuing their MBA and making their successful career in the corporate world. MBA colleges in Maharashtra offer multiple advantages and opportunities like Global Career Opportunities, Industry-Relevant Programs, Networking and Mentorship, Enhanced Career Growth, Diverse Specializations, and Admission Criteria.
MBA is a two-year PG program that offers multiple course specializations in International Business, Finance, Retail Management, Operational Management, Human Resources, and more. MBA Colleges in Maharashtra accept admissions through entrance exams like MAH CET, CAT, SNAP, CMAT, etc. scores, and GD/ PI rounds and some colleges also offer direct admissions to the MBA program.
Most of the MBA Colleges in Maharashtra offer quality education with additional facilities like infrastructure, in-campus hostel accommodation, placement assistance, industry exposure, and much more. Most of the MBA Colleges in Maharashtra are UGC-approved and have NAAC accreditation
There are more than 665 best MBA Colleges in Maharashtra; among them, 589 colleges are privately owned, 55 other colleges are Public/Government-owned, and 21 of the MBA colleges are public-private. Entrance exams like CAT, CMAT, MAH CET, MAT, XAT, and ATMA are some of the most accepted entrance exams in top MBA Colleges in Maharashtra. Here are some of the key highlights for the MBA colleges in Maharashtra:
Total Colleges |
665 |
---|---|
Private Colleges |
589 |
Government Colleges |
55 |
Private-Public Colleges |
21 |
Top Specializations |
|
Average Fees (P.A) |
INR 8,00,000 - INR 24,00,000 |
Entrance Exams Accepted |
|
Average Salary |
INR 9,08,000 Per Annum |
Highest Salary |
INR 14,00,000 Per Annum |
MBA Colleges in Maharashtra deliver students with career growth, better salary packages, and adequate job profiles. Various specializations are offered by the MBA colleges such as International Business, Finance, Retail Management, Operational Management, Human Resources, Marketing, etc. Let’s have a look at the top 10 MBA colleges in Maharashtra along with other relevant details.
S.No |
Colleges / Universities Name |
Type |
Accepted Entrance Exams |
MBA Fees (Approx.) |
---|---|---|---|---|
1 |
Public |
CAT |
INR 7,18,000 (1st Year Fees) |
|
2 |
Public |
CAT |
INR 21,00,000 (Total Fees) |
|
3 |
Private |
CAT / GMAT |
INR 24,00,000 (Total Fees) |
|
4 |
Private |
NMAT |
INR 1,195,000 (1st Yr Fees) |
|
5 |
Private |
SNAP |
INR 1,469,500 (1st Yr Fees) |
|
6 |
Private |
CAT / NMAT / XAT / GMAT / CMAT |
INR 9,59,000 (1st Year Fees) |
|
7 |
International Institute of Management Studies - [IIMS], Pune |
Private |
CAT / MAT / XAT / CMAT / ATMA / MAHCET |
INR 9,27,000 (Total Fees) |
8 |
Lexicon MILE - Management Institute of Leadership and Excellence, Pune |
Private |
CAT / MAT / XAT / GMAT / CMAT / MAHCET |
INR10,05,000 (Total Fees) |
9 |
Private |
CAT / XAT / CMAT |
INR 8,23,000 (1st Yr Fees) |
|
10 |
Vivekanand Business School (VBS), Mumbai |
Private |
CAT / MAT / XAT / CMAT / ATMA / MAHCET |
INR 4,50,000 (1st Yr Fees) |
MBA Colleges in Maharashtra offer admission to candidates based on their entrance exam scores and the candidates have to gain a valid score and fulfill all the eligibility criteria set by the university. The admission process of most of the Top MBA Colleges in Maharashtra conducts online admission of the candidates.
Let’s have a look at the eligibility criteria of the Best MBA Colleges in Maharashtra.
MBA Colleges in Maharashtra accept national-level entrance exams for admission to this 2-year PG program. Popular entrance exams like CAT, CMAT, MAH CET, MAT, XAT, and ATMA are national-level exams accepted by the Top MBA Colleges in Maharashtra. Let’s have a look at some of the popular entrance exams for MBA in Maharashtra in detail.
The Common Admission Test (CAT) is India's most reputable national-level entrance examination, which allows candidates to get into top management institutes. CAT is a national-level competitive exam that aims to evaluate the student’s scores to shortlist them.
SNAP is a national-level MBA entrance exam conducted by SIU through an online website. Candidates who qualify for the SNAP exam are eligible for admission to management programs offered by SNAP-affiliated institutes/colleges and multiple other private business schools.
The NMAT exam is split into three sections that are Language Skills, Quantitative Skills, and Logical Reasoning. The exam duration granted to students is two hours or 120 minutes. Each section of the examination has a time limit of 40 minutes and carries a total of 120 questions.
The GMAT is primarily a test to grade the analytical and quantitative reasoning skills, of the students by testing in a time-limited format. The exam is conducted to test how well the candidates think strategically and logically, including quantitative/data-based topics
Some of the top MBA Colleges in Maharashtra accept entrance exams for the MBA course. The universities release their merit list for all the qualifying students. Every exam has its cut-off list and the candidates whose entrance score qualifies for the cut-off list are further called for the counseling round and then eventually get admitted. Let’s have a look at the cut-off list of the best MBA colleges in Maharashtra:
S.No |
Colleges / Universities Name |
Cutoff 2023 |
Cutoff 2022 |
Cutoff 2021 |
---|---|---|---|---|
1 |
90 (CAT) |
90 (CAT) |
90 (CAT) |
|
2 |
IIM Mumbai (NITIE) |
85 (CAT) |
90 (CAT) |
70 (CAT) |
3 |
SPJIMR Mumbai |
85 (CAT) |
85 (CAT) |
92 (CAT) |
4 |
KJ SIMSR Mumbai |
|
|
|
5 |
IMT Nagpur |
|
|
|
6 |
SIBM Pune |
97 (SNAP) |
97 (SNAP) |
97 (SNAP) |
7 |
93 (SNAP) |
93 (SNAP) |
93 (SNAP) |
589 Private MBA colleges in Maharashtra offer world-class education to all MBA aspirants. These institutes offer better placement opportunities along with other facilities like infrastructure, labs, accommodation, canteen, and so on. Here is the list of Top private MBA colleges in Maharashtra:
S.No |
Private Colleges / Universities |
Seats offered |
Fees (in INR) |
---|---|---|---|
1 |
S.P. Jain Institute of Management and Research, Mumbai |
276 |
INR 24,00,000 (Total Fees) |
2 |
NMIMS School of Business Management, Mumbai |
600 |
INR 1,195,000 (1st Yr Fees) |
3 |
Symbiosis Institute of Business Management - [SIBM], Pune |
180 |
INR 1,469,500 (1st Yr Fees) |
4 |
K J Somaiya Institute of Management, Mumbai |
600 |
INR 9.59 Lakhs (1st Year Fees) |
5 |
International Institute of Management Studies - [IIMS], Pune |
180 |
INR 927,000 (Total Fees) |
55 government MBA colleges in Maharashtra offer quality education and top-notch placement opportunities. Here are some of the best MBA colleges in Maharashtra:
S.No |
Government Colleges / Universities |
Seats Offered |
Fees (in INR) |
---|---|---|---|
1 |
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
152 (including EWS) |
INR 4,91,100 (annual fees) |
2 |
IIM Mumbai(NITIE) |
300 |
INR 7,03,000 (annual fees) |
3 |
Department of Management Science, Savitribai Phule Pune University - [PUMBA] |
240 |
INR 66,194 (annual fees) |
4 |
International Institute of Management Studies - [IIMS], Pune |
180 |
INR 4,50,000 (annual fees) |
5 |
Department of Commerce and Management, Shivaji University, Kolhapur |
60 |
INR 44,060 (annual fees) |
Most of the MBA colleges in Maharashtra are UGC-approved and have NAAC accreditation. MBA is a two-year PG program that offers multiple course specializations in International Business, Finance, Retail Management, Operational Management, Human Resources, and more. Let’s have a look at the specializations offered by the Top 10 MBA colleges in Maharashtra:
S.No |
Colleges / Universities List |
MBA Specializations |
---|---|---|
1 |
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
|
2 |
IIM(NITIE), Mumbai |
|
3 |
S.P. Jain Institute of Management and Research, Mumbai |
|
4 |
NMIMS School of Business Management, Mumbai |
|
5 |
Symbiosis Institute of Business Management - [SIBM], Pune |
|
6 |
K J Somaiya Institute of Management, Mumbai |
|
7 |
International Institute of Management Studies - [IIMS], Pune |
|
8 |
Lexicon MILE - Management Institute of Leadership and Excellence, Pune |
|
9 |
Institute of Management Technology - [IMT], Nagpur |
|
10 |
Vivekanand Business School (VBS), Mumbai |
|
MBA colleges in Maharashtra offer the best placement opportunities to all of the students who aim to boost their careers in the field of management. The Placement cell of major MBA colleges helps students with Global Career Opportunities, Industry-Relevant Programs, Networking and Mentorship, and Enhanced Career Growth. The highest package offered by the top MBA colleges in Maharashtra is INR 57,65,000 Per Annum. Here are our average placement package and top recruiters of the top 10 MBA colleges in Maharashtra:
S.No |
Colleges / Universities List |
Average Package |
Top Recruiters |
---|---|---|---|
1 |
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
INR 26,64,000 Per Annum |
Accenture / Amazon / EXL Analytics / Google / HCLTec / Wipro |
2 |
IIM(NITIE), Mumbai |
INR 27,75,000 Per Annum |
Microsoft / Goldman Sachs / Pine Labs |
3 |
S.P. Jain Institute of Management and Research, Mumbai |
INR 33,00,000 Per Annum |
Aditya Birla Group / Capgemini E.L.I.T.E / Mahindra GMC / RPG |
4 |
NMIMS School of Business Management, Mumbai |
INR 26,63,000 Per Annum |
Aditya Birla Capital / American Express / Goldman Sachs / Crisil |
5 |
Symbiosis Institute of Business Management - [SIBM], Pune |
INR 26,77,000 Per Annum |
Accenture Strategy & Consulting / ACT Fibernet / Aditya Birla Capita |
6 |
K J Somaiya Institute of Management, Mumbai |
INR 13,93,000 Per Annum |
EY / Airtel / Bisleri / PWC / Accenture / Puma / LG / Bookmyshow / Dell / Google |
7 |
International Institute of Management Studies - [IIMS], Pune |
INR 7,50,000 Per Annum |
Deloitte / Mondelez / Indegene / Kellogg's / Federal Bank |
8 |
Lexicon MILE - Management Institute of Leadership and Excellence, Pune |
INR 8,70,000 Per Annum |
HSBC / Accenture / ICICI Bank / WNS / Wipro / Amazon / Sony / LG / KPMG / Berger Paints |
9 |
Institute of Management Technology - [IMT], Nagpur |
INR 10,81,000 Per Annum |
Deloitte / Accenture / Axis Bank / Kotak / KPMG |
10 |
Vivekanand Business School (VBS), Mumbai |
INR 8,00,000 Per Annum |
Deloitte / ICICI Bank / Unity Small Finance Bank / Reliance Retail / L&T / Axis Bank |
The Return on Investment (ROI) for Top MBA colleges in Maharashtra may differ based on multiple factors like fees, placement opportunities, and average salary packages. ROI is an important factor that determines the student's choice of colleges and the benefits they receive while enrolling into a particular MBA college in Maharashtra. Here is the ROI of the Top MBA colleges in Maharashtra:
S.No |
Colleges / Universities List |
Fees |
Average Package |
---|---|---|---|
1 |
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
INR 7,18,000 (1st Year Fees) |
INR 26,64,000 Per Annum |
2 |
IIM(NITIE), Mumbai |
INR 21,00,000 (Total Fees) |
INR 27,75,000 Per Annum |
3 |
S.P. Jain Institute of Management and Research, Mumbai |
INR 24,00,000 (Total Fees) |
INR 33,00,000 Per Annum |
4 |
NMIMS School of Business Management, Mumbai |
INR 1,195,000 (1st Yr Fees) |
INR 26,63,000 Per Annum |
5 |
Symbiosis Institute of Business Management - [SIBM], Pune |
INR 1,469,500 (1st Yr Fees) |
INR 26,77,000 Per Annum |
Multiple Top MBA colleges in Maharashtra are available that offer quality education along with better placement opportunities and much more. Eventually, it gets difficult for students to choose the best college for themselves. Various factors decide the Best MBA colleges in Maharashtra. Here is a comparison of the top 3 MBA colleges in Maharashtra:
Colleges |
|||
---|---|---|---|
About |
Shailesh J. Mehta School of Management popularly known as SJMSOM or simply SOM is a public business school and part of IIT Bombay that was established in 1995. |
IIM Mumbai was established by the Government of India in 1963 with the assistance of the United Nations Development Programme (UNDP). |
SPJIMR is a private non-profit post-graduate management school in Mumbai, India that was founded in 1981 and offers several full-time and part-time management programs. |
NIRF Ranking |
10th among India's best B-Schools by NIRF 2023 |
7th by NIRF 2023 under the Management category |
20th by NIRF 2023 under the Management category |
Infrastructure |
550 acres |
67 acres |
45 acre |
Fees |
INR 7,18,000 (1st Year Fees) |
INR 21,00,000 (Total Fees) |
INR 24,00,000 (Total Fees) |
Placement Package |
INR 26,64,000 Per Annum |
INR 27,75,000 Per Annum |
INR 33,00,000 Per Annum |