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Home Management Top 10 MBA Colleges In Maharashtra 2023 - Admission, Fees, Exams

Top 10 MBA Colleges In Maharashtra 2023 - Admission, Fees, Exams

May 25, 2023 1K Reads

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. 

MBA College/University

NIRF Ranking

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

National Institute of Industrial Engineering, Mumbai

9

Post Graduate Diploma in Management (PGDM) 

CAT

INR 13,00,000-INR 14,70,000

Indian Institute of Technology, Bombay

11

Master of Business Administration (MBA)

CAT

INR 2,00,000-INR 7,00,000

Symbiosis Institute of Business Management (SIBM), Pune 

17

Master of Business Administration (MBA)

SNAP

INR 21 Lakhs 

S. P. Jain Institute of Management & Research, Mumbai

21

Post Graduate Diploma in Management (PGDM)

CAT/GMAT

INR 20,00,000-INR 29,00,000

SVKM's Narsee Monjee Institute of Management Studies, Mumbai

25

Master of Business Administration (MBA)

NMAT

INR 20,00,000-INR 24,00,000

IIM Nagpur 

43

Post Graduate Program in Management (PGPM)/ Master of Business Administration (MBA)

CAT

INR 18,00,000

Principal L N Welingkar Institute of Management Development and Research, Mumbai

68

Post Graduate Diploma in Management (PGDM)

CAT/XAT/CMAT/

GMAT/ATMA

INR 20,00,000

K.J. Somaiya Institute of Management, Mumbai

71

Master of Business Administration (MBA)

CAT/XAT/CMAT/NMAT/GMAT

INR 20,00,000

Pune Institute of Business Management

91

Post Graduate Diploma in Management (PGDM) 

CAT/XAT/MAT/ CMAT/ATMA etc. 

INR 8 Lakhs 

Institute of Management Technology (IMT), Nagpur

95

Post Graduate Diploma in Management (PGDM)

CAT/XAT/CMAT/GMAT

INR 14,50,000

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. 

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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

National Institute of Industrial Engineering, Mumbai

CAT

Indian Institute of Technology (IIT), Bombay

CAT

Symbiosis Institute of Business Management (SIBM), Pune 

SNAP

S. P. Jain Institute of Management & Research, Mumbai

CAT/GMAT

SVKM's Narsee Monjee Institute of Management Studies, Mumbai

NMAT

IIM Nagpur 

CAT

Principal L N Welingkar Institute of Management Development and Research, Mumbai

CAT/XAT/CMAT/GMAT/ATMA

K.J. Somaiya Institute of Management, Mumbai

CAT/XAT/CMAT/NMAT/GMAT

Pune Institute of Business Management

CAT, XAT, MAT, CMAT, ATMA etc. 

Institute of Management Technology (IMT), Nagpur

CAT/XAT/CMAT/GMAT

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 - National Institute of Industrial Engineering, Mumbai

The National Institute of Industrial Engineering (NIIE), Mumbai, started in 1963, is the ninth best management institute of India as per NIRF Management Rankings 2022 and it has also been ranked as the third best management institution in the Times Higher Education (THE) Impact Rankings. The institute is well-accredited and offers a PGDM course equivalent to an MBA program. Offered specialisations include industrial management and industrial safety and environment management. The placements after course completion at NIIE Mumbai are also quite robust with excellent returns on investment. Find more details about the course here. 

Degree Offered 

Post Graduate Diploma in Management (PGDM) 

Accreditations 

NIRF Rank 9 in Management Category, THE Impact Ranking 2021 (Rank 3) 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CAT

Course Specialisations 

  • Industrial Management 
  • Industrial Safety and Environment Management (ISEM)

Full Course Fees

INR 13,00,000-INR 14,70,000

Average Placement Package 

INR 31,00,000 P.A

Rank #2 - Indian Institute of Technology (IIT), Bombay 

IIT Bombay is the eleventh top institution of India in the management categories of NIRF Rankings (2022) and the third best of the nation in the Overall category. It offers its MBA program through the Shailesh J. Mehta School of Management that was established in 1995 as the Management School (IIT Bombay). 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 IIT Bombay 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 IIT Bombay here. 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

NIRF Rank 11 in Management Category, QS World University Ranking (Business and Management Category) Rank 5 

Course Duration 

2 Years

Accepted Entrance Examinations 

CAT

Course Specialisations 

  • Finance Management 
  • Operations Management 
  • Marketing Management 
  • Information System Management 

Full Course Fees

  • INR 1,63,100 for Students Belonging to Reserved Categories
  • INR 3,63,100 for Domestic Students 
  • INR 6,90,950 for International Students 

Average Placement Package 

INR 29,00,000 P.A

Rank #3 - Symbiosis Institute of Business Management (SIBM), Pune

The Symbiosis Institute of Business Management (SIBM) was established in Pune in 1978 and is a part of the prestigious Symbiosis Group of Institutions. It is an A++ institution of India as per NAAC ratings. The institute is also among the top 20 management education institutions of India based upon the NIRF Management category rankings of 2022. The course offered here is a full-time MBA for which candidates are selected on the basis of their SNAP 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 

NAAC A++, NIRF Rank 17 in Management Category (2022)

Course Duration 

2 years 

Accepted Entrance Examinations 

SNAP

Course Specialisations 

  • Marketing Management 
  • Finance Management 
  • Human Resource Management (HRM) 
  • Operations & Supply Chain Management 
  • Data Analytics

Course Fees

INR 21 Lakhs (Approximate Fee)

Average Placement Package 

INR 18 LPA

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 22 in Management Category (2022), 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 20,42,000 for Indian students 
  • INR 29,05,000 for International Students 

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 25 management institutions of India based upon the NIRF rankings (2022). 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 25 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 20,00,000-INR 24,00,000

Average Placement Package 

INR 23,07,000 P.A

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

The Indian Institute of Management (IIM), Nagpur was established in 2005 and is an eminent government institution for management and business education. The institution is accredited  by the AACSB and the AICTE. The course offered here is a Post Graduate Program in Management (PGPM) 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 

Post Graduate Program in Management (PGPM)/ Master of Business Administration (MBA)

Accreditations 

AACSB, AICTE 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 18,00,000

Average Placement Package 

INR 16,74,000 P.A. 

Rank #7 - 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 68 in Management Category (2022), NBA, AICTE

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 17,50,000 to INR 18,50,000

Average Placement Package 

INR 12,49,000 P.A

Rank #8 - K.J. Somaiya Institute of Management, Mumbai

The K. J. Somaiya Institute of Management is a management college in Mumbai that was established in 1959. It is one of the top 75 management education institutions of India as per NIRF Rankings in management category (2022) and has approvals like those from AACSB, AICTE, NBA etc and is a member of the AIU as well. 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)

Accreditations 

NIRF Rank 71 in Management Category (2022), AACSB, AICTE, AIU, NBA

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 19,94,000

Average Placement Package 

INR 12,28,000 P.A

Rank #9 - Pune Institute of Business Management

Pune Institute of Business Management (PIBM) is a business school established in 2007. Ever since, the institution has been regarded as one of the top higher education institutions for pursuing a PGDM or other management degrees. It has accreditations including the approval of AICTE for its PGDM course, along with 5 options for specialisations. The placements for MBA graduates provided here are quite appealing, with top MNCs and companies partnering with the college for placements. Given below are further important details about the PGDM at PIBM. 

Degree Offered 

Post Graduate Diploma in Management (PGDM)

Accreditations 

AICTE, NIRF (Within Top 100 in Management Category), NAAC

Course Duration 

2 years 

Accepted Entrance Examinations 

CAT, XAT, MAT, CMAT, ATMA etc. 

Course Specialisations 

  • Marketing Management
  • Financial Management 
  • Human Resources Management 
  • Operations & Supply Chain Management 
  • Business Analytics 

Course Fees

INR 8 Lakhs (Approximate Fee)

Average Placement Package 

INR 6 LPA

Rank #10 - 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, NBA, 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, NBA, AACSB, 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 14,50,000

Average Placement Package 

INR 10,81,000 P.A. 

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)

DYP-CET

INR 15,00,000

N. L. Dalmia Institute of Management Studies and Research, Mumbai

Post Graduate Diploma in Management (PGDM)

CAT/XAT/MHCET/ CMAT/ATMA/MAT/GMAT

INR 15,00,000

Jamnalal Bajaj Institute of Management Studies (JBIMS) 

Master of Management Studies (MMS)

MAH-MBA CET Exam

INR 6,00,000-INR 7,00,000

ICFAI Business School Mumbai (IBS Mumbai) 

Post Graduate Program in Management (PGPM)

IBSAT/CAT/GMAT/NMAT

INR 9,50,000

Amity Global Business School, Mumbai

Master of Business Administration (MBA)+Post Graduate Program in Management (PGPM)

Percentage in Graduation, English Essay Test, Personal Interview 

INR 3,74,000

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

INR 10 Lakhs 

Symbiosis Institute of International Business (SIIB)

MBA 

SNAP 

INR 17 Lakhs 

Pune Business School (PBS)

PGDM 

CAT/XAT/MAT/CMAT/ SNAP etc. 

INR 6 Lakhs 

Dr. D. Y. Patil Vidyapeeth, Pune 

MBA

CAT/XAT 

INR 4.5 Lakhs

Balaji Institute of Modern Management (BIMM)

MBA

CTA/XAT/MAT/CMAT/ MAH etc. 

INR 11 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 1,35,334

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 1,70,000

V. P. Institute of Management Studies and Research, Sangli

Master of Business Administration (MBA)

Bachelor’s and Further Screening

INR 1,01,377

Venkateshwara Institute of Management 

Master of Business Administration (MBA)

DTE-CET/CAT/MAT/ATMA/CMAT/XAT/ GMAT

INR 65,000

Abasaheb Garware Institute of Management Studies (AGIMS), Sangli

Master of Business Administration (MBA)

CAT/GMAT/MAT/ATMA/XAT/CMAT

INR 90,500

Chintamanrao Institute Of Management And Research (CIMDR), Sangli

Master of Business Administration (MBA)

MAT/XAT/GMAT/ CAT/CMAT/ATMA/MAH CET

INR 1,15,000

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 

National Institute of Industrial Engineering, Mumbai

INR 13,00,000-INR 14,70,000

INR 31,00,000 P.A

Indian Institute of Technology (IIT), Bombay

INR 2,00,000-INR 7,00,000

INR 29,00,000 P.A

Symbiosis Institute of Business Management (SIBM), Pune 

INR 21 Lakhs 

INR 18 LPA

S. P. Jain Institute of Management & Research, Mumbai

INR 20,00,000-INR 29,00,000

INR 33,00,000 P.A

SVKM's Narsee Monjee Institute of Management Studies, Mumbai

INR 20,00,000-INR 24,00,000

INR 23,07,000 P.A

Indian Institute of Management (IIM), Nagpur 

INR 18,00,000

INR 16,74,000 P.A. 

Principal L N Welingkar Institute of Management Development and Research, Mumbai

INR 20,00,000

INR 12,49,000 P.A

K.J. Somaiya Institute of Management, Mumbai

INR 20,00,000

INR 12,28,000 P.A

Pune Institute of Business Management

INR 8 Lakhs 

INR 8 Lakhs (Approximate Fee)


 

Institute of Management Technology (IMT), Nagpur

INR 14,50,000

INR 10,81,000 P.A. 

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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)

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

FAQs (Frequently Asked Questions)

Some of the best MBA colleges of Maharashtra include IIT Bombay, S. P. Jain Institute of Management and Research (SPJIMR), National Institute of Industrial Engineering, Symbiosis Institute of Business Management,  Narsee Monjee Institute of Management Studies etc. 

The average fee for completing an MBA course from top colleges of Maharashtra is in the range of INR 15 lakhs to INR 20 lakhs.

Some of the commonly accepted entrance exams in Maharashtra for MBA education include CAT, MAT, CMAT, GMAT, XAT, SNAP, NMAT etc.

The MBA colleges in Maharashtra with top placement records include IIT Bombay, National Institute of Industrial Engineering, S. P. Jain Institute of Management & Research and Symbiosis Institute of Business Management (SIBM).

The average salary offered to an MBA graduate in Maharashtra is approximately INR 17 LPA to INR 20 LPA.

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