Top 10 MBA Colleges In Maharashtra 2026- Admission, Fees, Exams

Maharashtra is not only one of the financial centres of the nation but is also a hub of some of India’s top colleges for management education. Whether it be private management institutes or public universities and colleges, Maharashtra has a number of options to choose from. Here is a list of the various top accredited MBA colleges in Maharashtra along with important details about the course. Continue reading to find out the best college in Maharashtra for your MBA education. 

Top MBA Colleges in Maharashtra

Management institutions in Maharashtra have been consistently ranked among the best educational institutions of India by various statutory and ranking bodies, including those of national acclaim like the NIRF. Based upon NIRF Rankings of the management category, here we have presented the top 10 colleges of Maharashtra providing an MBA course to management aspirants. Also Read: Full form of MBA.

MBA College/University	NIRF Ranking	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Indian Institute of Management, Mumbai	6	Master of Business Administration (MBA)/Post Graduate Diploma in Management (PGDM) or Executive courses	CAT	INR 21,00,000
Symbiosis Institute of Business Management	11	Master of Business Administration (MBA)	SNAP	INR 17,88,000
Indian Institute of Technology Bombay	14	Master of Business Administration (MBA)	CAT	INR 14,00,000 - INR 15,00,000
S. P. Jain Institute of Management & Research, Mumbai	20	Post Graduate Diploma in Management (PGDM)/Post Graduate Programme in Management (PGPM)	SPJAT/CAT/GMAT/GRE	INR 26,50,000
SVKM`s Narsee Monjee Institute of Management Studies	24	Master of Business Administration (MBA)	NMAT	INR 27,00,000
IIM Nagpur	25	PGP MBA/ Master of Business Administration (MBA) Executive	CAT	INR 18,90,000
K.J. Somaiya Institute of Management, Mumbai	65	Master of Business Administration (MBA)	CAT/XAT/CMAT/NMAT/GMAT	INR 22,32,000
Principal L N Welingkar Institute of Management Development and Research, Mumbai	75	Post Graduate Diploma in Management (PGDM)	CAT/XAT/CMAT/GMAT/ATMA	INR 14,00,000
Institute of Management Technology (IMT), Nagpur	99	Master of Business Administration (MBA)/Post Graduate Diploma in Management (PGDM)	CAT/XAT/GMAT/CMAT	INR 15,27,000
National Institute of Bank Management	Band 101-25	Post Graduate Diploma in Management (PGDM)	CAT/XAT/CMAT/GMAT/GRE	INR 8,00,000- INR 13,72,000

General Eligibility and Accepted Entrance Exams for Admissions in Maharashtra MBA Colleges 

For seeking admission in an MBA college in Maharashtra, there are three main levels that a candidate should qualify: 

• Firstly, they should meet the minimum eligibility criteria for admission to an MBA
• Secondly, they should appear in accepted management entrance exam at the national or state level and have a valid qualifying score to apply to a reputed management college for an MBA
• Lastly, the candidate must pass through the rounds of screening at the university/institutional level through personal interviews and/or group discussions. 

The minimum eligibility to apply to an MBA course in Maharashtra is to have completed a Bachelor's level of education in any stream with at least 50% aggregate marks. The graduation should be completed from a recognised higher educational institute of India. 

Further, the candidate should also clear a management aptitude examination at either the national level, the state level or the university-level. Some of the commonly accepted entrance examinations in the top MBA colleges and institutes of Maharashtra have been listed here. 

College/University	Accepted Management Entrance Exam
Indian Institute of Management, Mumbai	CAT
Symbiosis Institute of Business Management	SNAP
Indian Institute of Technology Bombay	CAT
S. P. Jain Institute of Management & Research, Mumbai	SPJAT/CAT/GMAT/GRE
SVKM`s Narsee Monjee Institute of Management Studies	NMAT
IIM Nagpur	CAT
K.J. Somaiya Institute of Management, Mumbai	CAT/XAT/CMAT/NMAT/GMAT
Principal L N Welingkar Institute of Management Development and Research, Mumbai	CAT/XAT/CMAT/GMAT/ATMA
Institute of Management Technology (IMT), Nagpur	CAT/XAT/GMAT/CMAT
National Institute of Bank Management	CAT/XAT/CMAT/GMAT/GRE

Student Also Ask
MBA Distance Education	MBA Online Course
MBA for Working Professionals	MBA Global Online
MBA Dual Online
MBA Marketing and Finance Online	MBA Data Science and Analytics Online
MBA Marketing and HR Online	MBA HRM and Finance Online
MBA Logestic and Supply Chain Online	MBA Hospital and Healthcare Online

Best Private & Public MBA Colleges of Maharashtra

Here is a detailed take about the top 10 MBA colleges of Maharashtra along with important details about the MBA (or equivalent) courses offered at these institutions. 

Rank #1 - Indian Institute of Management, Mumbai

The Indian Institute of Management, Mumbai, primarily known as National Institute of Industrial Engineering (NIIE), Mumbai, started in 1963, is the sixth best management institute of India as per NIRF Management Rankings 2025 and it has also been ranked as the best management institution in the Times Higher Education (THE) Impact Rankings from many years. The institute is well-accredited and offers MBA course with many specialisations such as operations, wealth management, supply chain management, etc. The placements after course completion at IIM Mumbai are also quite robust with excellent returns on investment. Find more details about the course here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	NIRF Rank 6 in Management Category, EQUIS, AACSB
Course Duration	2 Years
Accepted Entrance Examinations	CAT
Course Specialisations	Operations Management Wealth Management Supply Chain Management
Full Course Fees	INR 21,00,000
Average Placement Package	INR 25,00,000 P.A

Rank #2 - Symbiosis Institute of Business Management, Pune 

SIBM, Pune is the 11th top institution of India in the management categories of NIRF Rankings (2025). This is private university that is established in the year 1978 and is a constituent of Symbiosis International (Deemed) University. The course offered here is a full-time MBA program with options of specialising in finance, operations, marketing or information systems. Pursuing an MBA program from SIBM Pune confers major benefits such as having a degree from one of India’s most prestigious institutions, support and mentorship from top faculty, alumni network access and excellent placements. Find further details about the MBA program at SIBM Pune here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	NIRF Rank 11 in Management Category (2025)
Course Duration	2 Years
Accepted Entrance Examinations	SNAP
Course Specialisations	Finance Management  Operations Management  Marketing Management  Information System Management
Full Course Fees	INR 17,88,000
Average Placement Package	INR 28,50,000 P.A

Rank #3 - Indian Institute of Technology, Mumbai

The Indian Institute of Technology, Mumbai (IIT-M) was established in Mumbai in 1958 and is known as institution of eminence. This institution got a QS Ranking. The institute is also among the top 14 management education institutions of India based upon the NIRF Management category rankings of 2025. The course offered here is a full-time MBA for which candidates are selected on the basis of their CAT scores. The institute offers all-round educational services to students in addition to efficient placement support. The full details about the course are provided here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	NIRF Rank 3 in Management Category (2025)
Course Duration	2 years
Accepted Entrance Examinations	CAT
Course Specialisations	Marketing Management  Finance Management  Human Resource Management (HRM)  Operations & Supply Chain Management  Data Analytics
Course Fees	INR 14-15 Lakhs (Approximate Fee)
Average Placement Package	INR 28,00,000 P.A

Rank #4 - S. P. Jain Institute of Management & Research, Mumbai

The S. P. Jain Institute of Management and Research (SPJIMR) is a private management college of Mumbai that was established in 1981. It is a well-accredited management institution with national and international accreditations such as AACSB, AMBA and the NBA. The course offered at SPJIMR is a PGDM course (which has equivalence to an MBA as per the AIU mandate), which is offered here in 4 major specialisations and 6 minor areas of specialisation. Find more important details about the PGDM course here. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	NIRF Rank 20 in Management Category (2025), AACSB, AMBA, NBA
Course Duration	2 Years
Accepted Entrance Examinations	CAT, CMAT
Major Course Specialisations	Marketing Management  Finance Management Operations and Supply Chain Management  Information Management
Minor Course Specialisations	Marketing Management  Finance Management Operations and Supply Chain Management  Information Management  Analytics Management Consulting Management
Full Course Fees	INR 26,50,000
Average Placement Package	INR 33,00,000 P.A

Rank #5 - SVKM's Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

The Narsee Monjee Institute of Management Studies (NMIMS) is a highly reputed business school of India and is among the top 24 management institutions of India based upon the NIRF rankings (2025). It is a NAAC-rated A++ institute with top facilities for learning including technologically advanced tools and infrastructure, innovative pedagogy, faculty supervision and mentorship, professional training and grooming and excellent campus placement opportunities. Find more details about the MBA program offered at NMIMS Mumbai here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	NAAC A++, NIRF Rank 24 in Management Category, AACSB, NBA
Course Duration	2 Years
Accepted Entrance Examinations	NMAT
Course Specialisations	Human Resources  Pharmaceutical Management SBM-TSGM Dual Degree Digital Transformation  Law  Healthcare Management  Real Estate Management  Social Entrepreneurship
Full Course Fees	INR 27,00,000
Average Placement Package	INR 25,13,000

Rank #6 - Indian Institute of Management (IIM), Nagpur

The Indian Institute of Management (IIM), Nagpur was established in 2015 and is an eminent government institution for management and business education. The institution is accredited by the AACSB. The course offered here is a MBA or MBA Executive of 2 years, equivalent to an MBA. The selection ]procedure for the course has a 360-degree approach with consideration of factors like past academic performance (PAP), work experience (WE), gender diversity (GDI), and performance in the personal interview (PI). Find further key details about the course given below. 

Degree Offered	MBA Executive/ Master of Business Administration (MBA)
Accreditations	AACSB, AICTE, NIRF Rank 25 in Management Category (2025) etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT
Course Specialisations	Marketing Management   Finance & Accounting Management   Organisational Behaviour & Human Resource Management (OB & HRM) Decision Science & Information Systems  Economics Productions & Operations Management  Strategy & Entrepreneurship Management   Humanities, Arts & Social Sciences
Full Course Fees	INR 18,90,000
Average Placement Package	INR 18,07,000

Rank #7 - K.J. Somaiya Institute of Management, Mumbai

The K. J. Somaiya Institute of Management is a management college in Mumbai that was established in 1981. It is one of the top 65 management education institutions of India as per NIRF Rankings in management category (2025) and has approvals like those from AACSB, NAAC A+, AICTE, UGC etc. An MBA course of 2 years is offered to interested management students at KJSIM. The full details about the course are provided below. 

Degree Offered	Master of Business Administration (MBA)/ Executive MBA
Accreditations	NIRF Rank 65 in Management Category (2025), AACSB, NAAC A+, AICTE, UGC
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/CMAT/NMAT/GMAT
Major Course Specialisations	Marketing Management  Finance Management  Human Resource Management (HRM)  Operations Management  Data Science and Analytics Management
Minor Course Specialisations	Business Analytics Data Science Financial Services Marketing Strategy and Consulting Sustainability Operations Management People Development
Full Course Fees	INR 22,32,000
Average Placement Package	INR 28,25,000

Rank #8 - Principal L N Welingkar Institute of Management Development and Research, Mumbai

Principal L N Welingkar Institute of Management Development and Research is a private management institution in Mumbai. It was established in 1977 and has emerged as one of the best private colleges for MBA in Maharashtra. The institute is well-known in the academic and professional circles for its advanced curriculum and focus on practical learning and critical development of the student. There are a large number of specialisation choices also offered as part of the course. Find full details about the MBA program at Welingkar Institute of Management Development and Research given below. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	NIRF Rank 75 in Management Category (2025), NBA, AICTE, AIU, ACBSP
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/CMAT/GMAT/ATMA
Course Specialisations	Marketing Management  Finance Management  Human Resources Management  Operations Management  e-Business Management  Business Design Management  Healthcare Management  Retail Management  Rural Management  Media and Entertainment Management  Research and Business Analytics
Full Course Fees	INR 14,00,000
Average Placement Package	INR 12,02,000

Rank #9 - Institute of Management Technology (IMT), Nagpur

The Institute of Management Technology established its Nagpur campus in 2004, and is a well-accredited school for business and management education. The major accreditations and approvals of IMT Nagpur include AICTE, AACSB, SAQS etc. It offers a PGDM course that is AICTE-approved in 6 areas of specialisations. The course includes features like hands-on learning, an updated and industry relevant curriculum, supervision and mentorship from the faculty, placement support and placements through campus selection. There are facilities for scholarships and fee waivers at IMT Nagpur to make education more accessible and affordable for all. Find more such essential details about the PGDM course at IMT Nagpur given below. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	AICTE, SAQS, AIU etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/CMAT/GMAT
Course Specialisations	Economics Business Analytics & IT Management  Operations Management  Organisational Behaviour & Human Resource Management (OB & HRM) Finance Management  Marketing Management
Full Course Fees	INR 15,27,000
Average Placement Package	INR 20,00,000

Rank #10 - National Institute of Bank Management

The National Institute of Bank Management or NIBM is a central government-affiliated college of commerce and management that was established in 1969 by the Reserve Bank of India. Ranked among the top 100-125 management institutions of India by NIRF in 2025, it is a prestigious centre for management education for candidates interested in commercial, banking and BFSI management sectors. The college offers a PGDM program approved by the AICTE in the specialisation area of banking and financial services. The full fee for the course is INR 8-13.72 lakhs and students can avail financial aid as needed. The placement services at NIBM are quite comprehensive and partner with giants in the banking and BFSI sector, offering fairly paid job opportunities to students. 

Find further key details about the PGDM program at NIBM enlisted below. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	NIRF Rank 100-125 in Management Category (2025), AICTE, NBA
Course Duration	2 years
Accepted Entrance Examinations	CAT/XAT/GMAT/CMAT/GRE
Course Specialisations	Banking and Financial Services
Course Fees	INR 13,72,000
Average Placement Package	INR 15,50,000

List of Top MBA Colleges in Cities of Maharashtra

Here are further details about some of the well-reputed colleges and institutes for an MBA in a few cities of Maharashtra. 

1) MBA Colleges in Mumbai

Mumbai is the centre of MBA education in Maharashtra and is home to some of the top private and public institutions for management (a few of which have been elaborated upon above). Here are a few other MBA colleges of Mumbai with best educational facilities and placement services. 

MBA College/University	Course	Accepted Entrance Exams	MBA Fees (Approx.)
D. Y. Patil University School of Management, Navi Mumbai	Master of Business Administration (MBA)	CAT/MAT/XAT/ATMA/CMAT/GMAT/MAH MBA/MMS-CET	INR 4,00,000
N. L. Dalmia Institute of Management Studies and Research, Mumbai	Post Graduate Diploma in Management (PGDM)	CAT/XAT/MHCET/ CMAT/ATMA/MAT/GMAT	INR 16,50,000
Jamnalal Bajaj Institute of Management Studies (JBIMS)	Master of Management Studies (MMS)	MAH-MBA CET Exam	INR 9,00,000
ICFAI Business School Mumbai (IBS Mumbai)	Post Graduate Program in Management (PGPM)	IBSAT/CAT/GMAT/NMAT	INR 9,00,000
Amity Global Business School, Mumbai	Master of Business Administration (MBA)+Post Graduate Program in Management (PGPM)	CAT/MAT/XAT/CMAT/ATMA/AMCAT	INR 7,20,000- INR 13.88,000

2) MBA Colleges in Pune

Pune is another major city of Maharashtra with top MBA colleges, from private to public colleges and B-schools. Here are a few of the top MBA colleges in Pune. 

MBA College/University	Course	Accepted Entrance Exams	MBA Fees (Approx.)
National Insurance Agency (NIA)	PGDM	CAT/CMAT/XAT	INR 12-16 Lakhs
Symbiosis Institute of International Business (SIIB)	MBA	SNAP	INR 22.2 Lakhs
Pune Business School (PBS)	PGDM	CAT/XAT/MAT/CMAT/ GMAT etc.	INR 6.5 Lakhs
Dr. D. Y. Patil Vidyapeeth, Pune	MBA	CAT/XAT	INR 6-6.95 Lakhs
Balaji Institute of Modern Management (BIMM)	MBA	CTA/XAT/MAT/CMAT/ MAH-CET etc.	INR 12.55 Lakhs

3) MBA Colleges in Nagpur 

Find important details about the MBA colleges of Nagpur given below. An interested management candidate has the option of taking up an MBA from a private or top public institute as well. 

MBA College/University	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Datta Meghe Institute of Management Studies, Nagpur	Master of Business Administration (MBA)	CAT/CMAT/CET	INR 3,00,000
Department of Business Management, Nagpur University	Master of Business Administration (MBA)	CET/CMAT/MAT/MAH MBA/MMS CET	INR 47,424
Dr. Ambedkar Institute of Management Studies and Research	Master of Business Administration (MBA)	CAT/CMAT	INR 99,425
GS College of Commerce and Economics	Master of Business Administration (MBA)	MAT/XAT/GMAT/CAT/ CMAT/ATMA/MAH CET	INR 1,62,000
Central Institute of Business Management Research and Development (CIBMRD Nagpur)	Master of Business Administration (MBA)	MAH-MBA/MMS-CET/CAT/JMET/MAT/XAT/ ATMA	INR 1,18,500

4) MBA Colleges in Sangli

Sangli is located in southern Maharashtra and is home to a number of management institutions providing quality MBA programs with all major features and facilities. Here are a few of the top management colleges offering an MBA in Sangli. 

MBA College/University	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Bharathi Vidyapeeth	Master of Business Administration (MBA)	BMAT	INR 2.0 Lakhs
V. P. Institute of Management Studies and Research, Sangli	Master of Business Administration (MBA)	Bachelor’s and Further Screening	INR 2.0 Lakhs
Venkateshwara Institute of Management	Master of Business Administration (MBA)	MAH MBA CET/CAT/MAT/ATMA/CMAT/XAT/ GMAT	INR 1.25 - 1.50 Lakhs
Abasaheb Garware Institute of Management Studies (AGIMS), Sangli	Master of Business Administration (MBA)	MAH MBA/CAT/GMAT/MAT/ATMA/XAT/CMAT	INR 1.18 - 1.20 Lakhs
Chintamanrao Institute Of Management And Research (CIMDR), Sangli	Master of Business Administration (MBA)	MAT/XAT/GMAT/ CAT/CMAT/ATMA/MAH CET	INR 3.3 - 7.0 Lakhs

RoI of MBA Colleges in Maharashtra

The RoI of an MBA reflects how fast the investments into the course vis. a. vis. finances, time and efforts can be regained in terms of the placement after course completion. One can find the RoI of an MBA college by calculating the ratio of the average CTC offered during campus placements to the full fee for the MBA program.

A good placement package in a reputed firm in a meaningful job role reflects an excellent RoI after completing an MBA from a particular college. 

Is MBA Worth It?	Is Online MBA Worth It?
How to Calculate Return on Investment?

Most of the MBA colleges of Maharashtra have industry linkages with top MNCs and companies in addition to dedicated placement cells that bring the best career opportunities with excellent packages to MBA graduates. Thus, most MBA colleges of Maharashtra provide a satisfactory RoI to students. Here is a list of the top 10 MBA colleges in Maharashtra along with their full fee for the course and the average placement packages offered during campus selections.

College/Institute	Full Course Fees	Average Placement Package
Indian Institute of Management, Mumbai	INR 21,00,000	lINR 25,40,000
Symbiosis Institute of Business Management	INR 17,88,000	INR 28,83,000
Indian Institute of Technology Bombay	INR 14,00,000 - INR 15,00,000	INR 28,00,000
S. P. Jain Institute of Management & Research, Mumbai	INR 26,50,000	INR 33,00,000
SVKM`s Narsee Monjee Institute of Management Studies	INR 27,00,000	INR 25,13,000
IIM Nagpur	INR 18,90,000	INR 18,00,000
K.J. Somaiya Institute of Management, Mumbai	INR 22,32,000	INR 27,00,000
Principal L N Welingkar Institute of Management Development and Research, Mumbai	INR 14,00,000	INR 40,00,000
Institute of Management Technology (IMT), Nagpur	INR 15,27,000	INR 20,00,000
National Institute of Bank Management	INR 8,00,000- INR 13,72,000	INR 15,00,000

Top Trending Article

Artificial Intelligence Vs Human Intelligence	Diploma Courses After 12th
BBA Vs B.Com	Career Options After Polytechnic Diploma
Engineering Courses Explained	Experience Letter Format
How to Become A Graphics Designer?	SGPA CGPA Explained
What Is Content Writing?	4C of Marketing
Importance of Management	Top 10 University In the World

Top Recruiters

There are many sectors in which an MBA graduate can explore professional opportunities. Depending upon one’s skills, aptitude and area of specialisation during the course, an MBA graduate can apply to jobs in various public and private sectors like 

• Financial Firms 
• Banking Sector 
• Marketing & Advertising 
• Research & Consultancy 
• Entrepreneurship
• International Business 
• Taxation 
• IT and ITES Sector 
• Data analysis etc. 

Here is a list of some of the top firms that partner with the renowned MBA colleges of Maharashtra to offer placements to graduates completing the degree. 

Larsen and Toubro	Accenture
Bosch	Deloitte
Aditya Birla Group	Reliance
Amazon	KPMG
IBM	Bajaj Allianz General
Capgemini	Google
ICICI Bank	Tata AIG
Reserve Bank of India	JP Morgan Chase & Co
Wipro	Marico
Siemens	Goldman Sachs

Online MBA Colleges in Maharashtra

In addition to completing an MBA in the regular mode, management aspirants also have the option of pursuing an MBA in the fully online-learning (OL) mode now, with the approval from the UGC-DEB. As per these guidelines a duly accredited MBA from an approved university/college will be considered equivalent to a regular MBA in both academic and professional settings. 

So, students aspiring to take up an MBA now have the benefit of being able to pursue the course from not only MBA colleges in Maharashtra but from any highly accredited college from anywhere in India, with the convenience of learning from home. 

Here are a few of the top accredited institutions offering an MBA in the fully online mode in India. 

University	Course	Mode
Datta Meghe Online	Master of Business Administration (MBA)	Online Learning Mode (OL)
Symbiosis Centre for Distance Learning (SCDL)	Master of Business Administration (MBA)	Open Distance Learning (ODL)
Amity University Online	Master of Business Administration (MBA)	Online Learning Mode (OL)
ICFAI Online	Master of Business Administration (MBA)	Online Learning Mode (OL)
Dr. D. Y. Patil Vidyapeeth Online	Master of Business Administration (MBA)	Online Learning Mode (OL)

Other Online MBA Colleges

Here is a list of some online MBA colleges in different regions. You can check out this list & choose the best one near your residential/work location.

MBA Colleges In Pune	MBA Colleges In Chennai
MBA Colleges In Bangalore	MBA Colleges In Hyderabad
MBA Colleges In Lucknow	MBA Colleges In Kolkata
MBA Colleges In India	MBA Colleges In Dehradun
MBA Colleges In Delhi	MBA Colleges In Varanasi
MBA Colleges In Gurgaon	MBA Colleges In Bhubaneswar
MBA Colleges In Jaipur	MBA Colleges In Patna
Government MBA Colleges In India	MBA Colleges In Mumbai
MBA Colleges In Ahmedabad	MBA Colleges In Kerala

Best Paid MBA Online Specialization

MBA Finance Online	MBA Marketing Online
MBA HR Online	MBA Operations Online
MBA IT Online	MBA Business Analytics Online
MBA International Business Online	MBA Data Science Online
MBA Project Management Online	MBA Digital Marketing Online
MBA Banking and Finance Online	MBA General Online