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Best Colleges for MBA in Maharashtra- Rank, Package, Fees

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.

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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

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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

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FAQs

Which is the best MBA college in Maharashtra as per the NIRF ranking?

The best MBA college in Maharashtra as per the NIRF ranking is IIM Mumbai (formerly NITIE).

How many MBA colleges from Maharashtra feature in the top 100 list of the NIRF management rankings 2024?

9 colleges from Maharashtra appears in the latest list of top 100 NIRF Management rankings.

What is the fee for the IIT Bombay MBA program?

The IIT Bombay fee is Rs 14.02 lakhs for the complete MBA course.

Which is the best private MBA college in Maharashtra as per the NIRF ranking?

As per the NIRF ranking, the best MBA college in Maharashtra is SIBM Pune.

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