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Kanishk Rahi
Update at May 1, 2025, 2:53 am
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
International Business
Finance
Retail Management
Operational Management
Human Resources
Average Fees (P.A)
INR 8,00,000 - INR 24,00,000
Entrance Exams Accepted
CAT
CMAT
MAH CET
MAT
XAT
ATMA
Average Salary
INR 9,08,000 Per Annum
Highest Salary
INR 14,00,000 Per Annum
Top 10 MBA Colleges in Maharashtra 2025
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.
Admission Process for MBA Colleges in Maharashtra 2025
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.
The candidate must have passed a minimum of a 3-year undergraduate degree in any discipline with a 50% score from any recognized university by UGC/AIU.
For reserved categories and disabled students who are majorly citizens of Maharashtra, a total of 45% is required.
Final-year UG students are also eligible to apply.
Candidates who belong to the reserved category need to submit a "Caste Validity Certificate" that has been issued by the Scrutiny Committee of the Social Welfare Department and ST candidates should also submit a "Tribunal Validity Certificate" issued by the Scrutiny Committee of Tribal office.
Reserved candidates who do not belong to the SC/ST category also need to possess a legitimate Non-Creamy layer certificate.
The admission process for MBA colleges in Maharashtra is quite simple if all the candidates follow these steps:
Keep up with the dates set by the university for admission to the MBA program.
Appear for the accepted entrance exam by the particular university.
Visit the official website of the university and register.
Fill in the online application form with all the correct details.
Scan and Upload all the original copies of the required documents.
Pay the application fees (if any) through the web portal itself.
Recheck all the details and submit the form.
Download the payment receipt and other important documents for further use.
Entrance Exams For Top MBA Colleges in Maharashtra 2025
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.
CAT (Common Admission Test)
Registration Date: 1st August 2024
Last Date: 13th September 2024
Exam Date: 24th November 2024
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 (Symbiosis National Aptitude Test)
Registration Date: first week of August 2024
Last Date: last week of November 2024
Exam Date: 8, 15, and 22 December 2024
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.
NMAT (Narsee Monjee Aptitude Test)
Registration Date: 1st week of August 2024
Last Date: 2nd week of October 2024
Exam Date: October 10, 2024 to December 19, 2024
TheNMAT 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.
GMAT ( Graduate Management Admission Test)
Registration Date: 12 January 2024
Last Date: Last day of January
Exam Date: 5,12,13 February 2024
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
Cutoff For Top MBA Colleges in Maharashtra 2025
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:
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)
Top Government MBA Colleges in Maharashtra
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)
Specializations Offered by Top MBA Colleges in Maharashtra 2025
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
Finance
Accounting
Operations
HR
2
IIM(NITIE), Mumbai
Supply Chain Management
Business Strategy with Sustainability
Safety Management
Environmental Management
3
S.P. Jain Institute of Management and Research, Mumbai
Contemporary Marketing
Logistics and Supply Chain
Consulting
Technology
Finance
4
NMIMS School of Business Management, Mumbai
Digital Transformation
Real Estate
Human Resource Management
Pharmaceutical Management
Family Management Business & Entrepreneurship
5
Symbiosis Institute of Business Management - [SIBM], Pune
Marketing
Human Resource Management
Finance
Operations and Supply Chain Management
Data Analytics
6
K J Somaiya Institute of Management, Mumbai
Finance
Marketing
Human Resources
Operations Management
Data Science and Analytics
7
International Institute of Management Studies - [IIMS], Pune
Marketing
Finance
Human Resources
Supply Chain Management
Business Analytics
8
Lexicon MILE - Management Institute of Leadership and Excellence, Pune
Marketing
Finance
Human Resource Management
Business Analytics
9
Institute of Management Technology - [IMT], Nagpur
Marketing
IT Management
Operations Management
Business Analytics
HR & OB, Economics
Finance
10
Vivekanand Business School (VBS), Mumbai
Business Analytics
Banking and Finance
Marketing
Operations and Supply Chain Management
Human Resources
Best Placement For MBA Colleges in Maharashtra 2025
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
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
ROI For Top MBA Colleges in Maharashtra 2025
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
Best Comparison of Top MBA Colleges in Maharashtra
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:
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.