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The state of Maharashtra has some of the best MBA colleges in India whose degree is recognized all over the world. Every management aspirant wants to study at the best colleges for an MBA in Maharashtra due to the world-class learning curriculum and excellent opportunities provided by them. Maharashtra has around 500 MBA colleges that offer education in the management domain. Among them, some are regarded as the top MBA colleges.
Best Colleges for MBA in Maharashtra
In Maharashtra, there are around twelve MBA colleges that are ranked highly in almost all the rankings. Of them, two are owned by public/government organizations, nine are privately held, and only one is owned by public-private groups. The entrance tests that top MBA schools in Maharashtra accept the most include CAT, CMAT, and XAT. Among the most well-known MBA programs in Maharashtra are those offered at the National Institute of Industrial Engineering, IIT Bombay, and S P Jain Institute of Management & Research.
The top MBA colleges are those colleges that not only offer a robust academic curriculum that caters to the modern management market but also invite highly prestigious companies for the placement season. Success in a management career is heavily dependent on the MBA college, so, we are providing students with the list of the best colleges for an MBA in Maharashtra, the richest state of India.
Best MBA Colleges in Maharashtra
Maharashtra is home to some of the best colleges for MBA education which can be verified from the fact that the state boasts of the highest GDP and industrial prowess in India. The management graduates coming from the top MBA colleges in Maharashtra have played a huge role in achieving this prestigious position. This has in turn generated a perfect ecosystem of infrastructure and opportunities that help MBA students get practical knowledge and work on top-notch methodologies.
Best Colleges for MBA in Maharashtra – Rank
There are several educational institutions in Maharashtra, an economically successful state in India. Its MBA institutes are especially well-known for offering excellent management education. There are several different options available to those looking to pursue an MBA in Maharashtra, each with its own advantages and capabilities. One can get the perfect idea about the best MBA colleges in Maharashtra by knowing their ranks. The list of best MBA colleges in Maharashtra as per the NIRF 2023 ranking is given hereunder.
Management College Name | NIRF Rank |
IIM Mumbai (formerly known as NITIE) | 7 |
Indian Institute of Technology, Bombay | 10 |
Symbiosis Institute of Business Management | 17 |
S. P. Jain Institute of Management & Research | 20 |
SVKM`s Narsee Monjee Institute of Management Studies | 21 |
Indian Institute of Management, Nagpur | 43 |
K.J.Somaiya Institute of Management | 45 |
Principal L N Welingkar Institute of Management Development and Research | 73 |
National Institute of Banking Management | 76 |
Top 10 MBA Colleges in Maharashtra List
The MBA colleges in Maharashtra has been producing world-class management graduates from a very long time. Based on this, some of the institutes have gained more reputation and achieved the perception of prestigious among the aspirants. There are some private MBA colleges and some government MBA colleges in this list. These sometimes does not reflect in the ranking system due to its shortcomings. So, we are providing students with the top 10 MBA colleges in Maharashtra list based on the popular perception over the years.
- JBIMS (Jamnalal Bajaj Institute of Management Studies) Mumbai
- IIM Mumbai (Formerly NITIE Mumbai)
- SPJIMR (SP Jain Institute of Management and Research)
- TISS Mumbai (Tata Institute of Social Sciences)
- NMIMS Mumbai
- IIT Bombay
- Symbiosis Institute of Business Management Pune
- KJ Somaiya Institute of Management
- PLN Welingkar Institute of Management Development & Research
- IIM Nagpur
- NIBM
Top MBA Colleges in Maharashtra Through CAT
The CAT exam is one of the most prominent exams for getting admission into various MBA colleges across India. The top MBA colleges in Maharashtra too accept the CAT score for admission into its various MBA programs. The list of top MBA colleges in Maharashtra accepting the CAT score is given below.
Maharashtra MBA Colleges Through CAT |
SPJIMR, Mumbai |
IIM Mumbai (NITIE) – Indian Institute of Management Mumbai |
SJMSOM IIT Bombay – Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay |
KJSIM – K J Somaiya Institute of Management, Mumbai |
Welingkar Mumbai – Prin. LN Welingkar Institute of Management Development and Research, Mumbai |
FLAME University, Pune |
BIMM Pune – Balaji Institute of Modern Management, Pune |
PIBM Pune – Pune Institute of Business Management, Pune |
IMT Nagpur – Institute of Management Technology, Nagpur |
NIA Pune – National Insurance Academy, Pune |
SIMS Pune – Symbiosis Institute of Management Studies, Pune |
NLDIMSR Mumbai – NL Dalmia Institute of Management Studies and Research, Mumbai |
UBS Mumbai – Universal Business School, Raigad |
BIMHRD Pune – Balaji Institute of Management and Human Resource Development, Tathawade |
SIMSREE Mumbai – Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai |
VESIM Mumbai – Vivekanand Education Society’s Institute of Management Studies and Research, Mumbai |
NIBM Pune – National Institute of Bank Management, Pune |
IIEBM Pune – Indus Business School, Pune |
BITM Pune – Balaji Institute of Technology and Management, Tathawade |
VAMNICOM Pune – Vaikunth Mehta National Institute of Cooperative Management, Pune |
Top MBA Colleges in Maharashtra with Fee Structure
The fee structure of the top MBA colleges varies from around Rs 1.5 lakhs to Rs 24 lakhs. The high fee structure of the best MBA colleges in Maharashtra is due to the high class education facilities provided by it. The list of top MBA colleges in Maharashtra with their fee structure is given below.
College Name | MBA Fees (in INR) |
SPJIMR, Mumbai | 24 Lakhs |
IIM Mumbai (NITIE) – Indian Institute of Management Mumbai | 21 Lakhs |
SJMSOM IIT Bombay – Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay | 14.02 Lakhs |
JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies | Rs 6.1 Lakhs |
KJSIM – K J Somaiya Institute of Management, Mumbai | 20.77 Lakhs |
Welingkar Mumbai – Prin LN Welingkar Institute of Management Development and Research, Mumbai | 14 Lakhs |
FLAME University, Pune | 15.30 Lakhs |
BIMM Pune – Balaji Institute of Modern Management, Pune | 11.15 Lakhs |
PIBM Pune – Pune Institute of Business Management, Pune | 7.95 Lakhs |
IMT Nagpur – Institute of Management Technology, Nagpur | 14.35 Lakhs |
NIA Pune – National Insurance Academy, Pune | 9.43 Lakhs |
SIMS Pune – Symbiosis Institute of Management Studies, Pune | 7 Lakhs |
NLDIMSR Mumbai – NL Dalmia Institute of Management Studies and Research, Mumbai | 14.70 Lakhs |
UBS Mumbai – Universal Business School, Raigad | 9.98 Lakhs |
BIMHRD Pune – Balaji Institute of Management and Human Resource Development, Tathawade | 11.25 Lakhs |
SIMSREE Mumbai – Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai | 1.34 Lakhs |
VESIM Mumbai – Vivekanand Education Society’s Institute of Management Studies and Research, Mumbai | 6.79 Lakhs |
NIBM Pune – National Institute of Bank Management, Pune | 12 Lakhs |
IIEBM Pune – Indus Business School, Pune | 7.95 Lakhs |
BITM Pune – Balaji Institute of Technology and Management, Tathawade | 12.10 Lakhs |
VAMNICOM Pune – Vaikunth Mehta National Institute of Cooperative Management, Pune | 7.20 Lakhs |
ISBM Pune – International School of Business and Media, Pune | 12.70 Lakhs |
Read: IIM MBA Fee Structure 2024
Top MBA Colleges in Maharashtra Through MH CET
MH CET is the prominent exam that is conducted by the CET Cell of Maharashtra for admission into various undergraduate and postgraduate programs including the MBA program at different colleges located in Maharashtra. The list of the best MBA colleges available through MH CET in Maharashtra is stated below.
MBA Colleges Accepting MH CET score | Course Name |
Jamnalal Bajaj Institute of Management Studies, Mumbai | MMS |
Prin. LN Welingkar Institute of Management Development and Research, Mumbai | MMS |
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai | MMS |
Department of Management Sciences, University of Pune, Pune | MBA |
SIES College of Management Studies, Navi Mumbai | MMS |
College of Engineering, Pune | MBA |
Xavier Institute of Management & Research, Mumbai | MMS |
Chetana’s Institute of Management and Research, Mumbai | MMS |
MET Institute of Management, Mumbai | MMS |
Lala Lajpatrai Institute of Management, Mumbai | MMS |
Thakur Institute of Management Studies & Research, Mumbai | MMS |
Rizvi Institute of Management Studies and Research, Mumbai | MMS |
Vivekanand Education Society’s Institute of Management Studies and Research, Mumbai | MMS |
Indira College of Engineering & Management, Pune | MBA |
Shree C. E. Society’s Indira Institute of Management, Pune | MBA |
St. Francis Institute of Management & Research, Mumbai | MMS |
Indira Global Business School, Pune | MBA |
Bharati Vidyapeeth’s Institute of Management Studies and Research, Navi Mumbai | MMS |
Durgadevi Saraf Institute of Management Studies, Malad (W), Mumbai | MMS |
Savitribai Phule Pune University Sub Centre, Nashik | MBA |
Balaji Institute of Management and Human Resource Development, Tathawade | PGDM-Marketing and Finance, PGDM-PM and HRD, PGDM |
Best MBA Colleges in Maharashtra Placement Wise
One of the most important things to think about when getting an MBA is the Return on Investment (ROI). An MBA can be a substantial financial commitment, so it’s important to weigh the benefits in terms of job placement and professional advancement.
There are numerous prestigious MBA schools in Maharashtra that offer their students outstanding returns on investment. These universities make sure that students get a good return on their investment by striking a balance between reasonable tuition and attractive placement rewards. The list of best MBA colleges in Maharashtra placement-wise is given below.
College Name | Average Package |
IIM Mumbai | INR 31 LPA |
SJMSOM (IIT Bombay) | INR 25.9 LPA |
NITIE Mumbai | INR 25.4 LPA |
SPJIMR Mumbai | INR 32.06 LPA |
JBIMS Mumbai | INR 28.02 LPA |
TISS Mumbai | INR 27.22 LPA |
SIBM Pune | INR 23.06 LPA |
KJ Somaiya Institute of Management | INR 12.32 LPA |
IIMS Pune | INR 5.5 LPA |
SCMHRD Pune | INR 6.50 LPA |