Top MBA Colleges in Maharashtra 2026

Updated on - Dec 10, 2025 03:41 PM IST

There are a total of 470+ private, 30+ government and 15+ public-private MBA colleges in Maharashtra. MBA admissions in Maharashtra take place through state level entrance exams like MAH CET, though top colleges accept scores of national level entrance exams like CAT, XAT and NMAT. The top MBA colleges in Maharashtra include IIM Mumbai, SPJIMR, NMIMS, K J Somaiya, SJMSOM (IIT Bombay), SIBM Pune, PUMBA, Welingkar, etc. The admission process involves entrance exams, followed by counseling and personal interviews/group discussions.

Latest Update for MBA Colleges in Maharashtra 2026:

  • 2025-12-10 : SNAP will be conducted on December 6, 14, and 20, 2025.
  • 2025-12-10 : XAT is scheduled for January 5, 2026.
  • 2025-12-10 : CMAT is scheduled for January 25, 2026.
  • 2025-12-10 : MAH MBA CET is expected to be conducted in April 2026.

Top MBA Colleges In Maharashtra Highlights 2026

CategoryDetails 
Total MBA Colleges in Maharashtra                                   470+ Private, 30+ Government, 15+ Public-Private
Admission ProcessEntrance Exam → Counseling → GD/PI (Group Discussion / Personal Interview)
State-Level ExamMAH CET (Maharashtra Common Entrance Test)
National-Level Exams CAT, XAT, NMAT, CMAT, GMAT
Top CollegesIIM Mumbai, SPJIMR, NMIMS, K J Somaiya, SJMSOM (IIT Bombay), SIBM Pune, PUMBA, Welingkar            
Top SpecialisationsFinance, Human Resources (HR), Sales and Marketing, Operations, Business Analytics, Information Technology, Entrepreneurship, Supply Chain Management            

Top 10 MBA Colleges In Maharashtra

Here’s a list of the top MBA colleges in Maharashtra based on the course fee and average package. Candidates can learn more about these colleges in the further sections.

College Name                                                                                                                                                    Course Fees                                                   Average Package           
IIM MumbaiINR 14–INR 16 lakhINR 25–30 LPA
SP Jain Institute of Management and Research (SPJIMR), MumbaiINR 20–INR 25 lakhINR 33 LPA
NMIMS School of Business Management, MumbaiINR 22–INR 24 lakhINR 12–INR 14 LPA
K J Somaiya Institute of Management, MumbaiINR 13–INR 18 lakhINR 10–INR 12 LPA
Symbiosis Institute of Business Management (SIBM), PuneINR 23–INR 25 lakhINR 25–INR 27 LPA                                            

IIM Mumbai (formerly NITIE Mumbai)

IIM Mumbai is one of the top government MBA colleges in Maharashtra. It offers specialized management programs in Operations and Supply Chain Management and Sustainability Management. Admission is based on CAT scores, followed by a personal interview round. The institute is approved by AICTE and recognized as an Institute of National Importance.

  • Type: Government (IIM)
  • Approved by: AICTE, MoE (Government of India)
  • Accepted Exam: CAT
  • Average Package: INR 25–30 LPA
  • Course Fee: INR 14–INR 16 lakh

SP Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR is one of the best private MBA Colleges in Maharashtra known for academic excellence and industry integration. Admission is based on national level entrance exams like CAT, XAT, or GMAT.

  • Type: Private (Autonomous)
  • Approved by: AICTE, AACSB, AMBA
  • Accepted Exams: CAT, XAT, GMAT
  • Average Package: INR 33 LPA
  • Course Fee: INR 20–INR 25 lakh

NMIMS School of Business Management, Mumbai

NMIMS Mumbai is among the top private MBA colleges in Maharashtra, having excellent placement statistics, great alumni network and global exposure. Admission is based on NMAT scores.

  • Type: Private (Deemed University)
  • Approved by: UGC, AICTE
  • Accepted Exam: NMAT
  • Average Package: INR 12–INR 14 LPA
  • Course Fee: INR 22–INR 24 lakh

K J Somaiya Institute of Management, Mumbai

K J Somaiya is one of the most reputed MBA College in Maharashtra placement wise and has excellent alumni background. Admission is based on CAT, XAT, NMAT, or CMAT scores.

  • Type: Private
  • Approved by: AICTE
  • Accepted Exams: CAT, XAT, NMAT, CMAT
  • Average Package: INR 10–INR 12 LPA
  • Course Fee: INR 13–INR 18 lakh

SJMSOM – IIT Bombay

Shailesh J. Mehta School of Management (SJMSOM)is part of IIT Bombay and offers one of the most competitive MBA programs in India. Admission is based on CAT scores.

  • Type: Government (IIT)
  • Approved by: AICTE
  • Accepted Exam: CAT
  • Average Package: INR 28 LPA
  • Course Fee: INR 10–INR 12 lakh

Symbiosis Institute of Business Management (SIBM), Pune

SIBM Pune is a part of Symbiosis International University and among the top 5 MBA colleges in Maharashtra. Admission is based on scores of the SNAP exam.

  • Type: Private (Deemed University)
  • Approved by: UGC
  • Accepted Exam: SNAP
  • Average Package: INR 25–INR 27 LPA
  • Course Fee: INR 23–INR 25 lakh

Welingkar Institute of Management Development & Research (WeSchool), Mumbai/Pune

Welingkar is well-known for its innovative programs and industry-oriented approach. Admission is based on MAH CET, CAT, XAT, CMAT, or ATMA scores.

  • Type: Private
  • Approved by: AICTE
  • Accepted Exams: MAH CET, CAT, XAT, CMAT, ATMA
  • Average Package: INR 8–INR 10 LPA
  • Course Fee: INR 13–INR 14 lakh

PUMBA (Department of Management Sciences, Savitribai Phule Pune University)

PUMBA is one of the best government MBA colleges in Maharashtra, offering high ROI and quality education. Admission is through MAH CET, CAT, or CMAT.

  • Type: Government
  • Approved by: AICTE
  • Accepted Exams: MAH CET, CAT, CMAT
  • Average Package: INR 6–INR 8 LPA
  • Course Fee: INR 2–INR 3 lakh

MIT-WPU School of Management, Pune

MIT-WPU offers globally integrated MBA programs with strong corporate partnerships and international exposure. Admission is based on CAT, XAT, or MAH CET.

  • Type: Private (Deemed University)
  • Approved by: UGC, AICTE
  • Accepted Exams: CAT, XAT, MAH CET
  • Average Package: INR 7–INR 8.5 LPA
  • Course Fee: INR 6–INR 10 lakh

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development (IMED), Pune

IMED Pune is a well-established management school offering MBA programs with industry-integrated curriculum. Admission is based on B-MAT (BVP’s entrance test) or MAH CET.

  • Type: Private (Deemed University)
  • Approved by: UGC, AICTE, NAAC (A+)
  • Accepted Exams: B-MAT, MAH CET
  • Average Package: INR 7 LPA
  • Course Fee: INR 5–INR 7 lakh

NIRF Ranking of Top MBA Colleges in Maharashtra

The following table lists down the NIRF ranking from 2023 to 2025 of top MBA colleges in Maharashtra.

College / InstituteNIRF 2023 Rank                         NIRF 2024 Rank                                                                   NIRF 2025 Rank                                                                     
Symbiosis Institute of Business Management (SIBM Pune)1713101–125 
SP Jain Institute of Management and Research (SPJIMR, Mumbai)202020
NMIMS School of Business Management, Mumbai212124
Indian Institute of Management, Nagpur (IIM Nagpur)433125
K J Somaiya Institute of Management, Mumbai4563 65

Top MBA Colleges in Maharashtra with Low Fees & High ROI (2026)

MBA colleges in Maharashtra with low fees include COEP Technological University, Dr. D.Y. Patil Institute of Management & Research, Pimpri, etc. The table below lists down top MBA colleges in Maharashtra which have low fees and better ROI than other colleges. Candidates who are looking for affordable yet good colleges can check out these colleges from the table below.

College                                                                                                                        Total Fees (INR Lakhs)           Average Placement (INR LPA)                                               ROI (%)                                                          
VNMKV University, Parbhani (MBA Agribusiness)0.86.2775
COEP Technological University, Pune (MBA Tech & Innovation)1.59.7646
Neville Wadia Institute of Management Studies & Research, Pune2.56.8472
AISSMS Institute of Management, Pune2.37.5526
Dr. D.Y. Patil Institute of Management & Research, Pimpri2.07.2520
Sinhgad Institute of Management, Pune2.47.4516


Top MBA Colleges in Maharashtra Placements 2025

When choosing an MBA college, placement performance is one of the most crucial factors for candidates. Maharashtra is home to some of the best business schools in India, with excellent placement records, strong corporate ties, and impressive ROI. 

Given below are the top MBA colleges in Maharashtra with strong placement records and detailed statistics based on recent years.

Placements of Best MBA Colleges in Maharashtra

Particulars                                                   IIM Mumbai                          SPJIMR, Mumbai                         NMIMS, Mumbai                                       SIBM, Pune                                         SJMSOM (IIT Bombay)       
Total Recruiters150+100+180+100+150+
Total Students Placed100%100%100%100%100%
Highest Package OfferedINR 47.5 LPAINR 81 LPAINR 27 LPAINR 49 LPAINR 53.8 LPA
Average Package OfferedINR 25–27 LPAINR 32–33 LPAINR 11–12 LPAINR 28 LPAINR 25.82 LPA

Other Notable Colleges and Average Packages

  • K J Somaiya Institute of Management: INR 10–INR 12 LPA
  • PUMBA (University of Pune): INR 6–INR 8 LPA
  • Welingkar Institute of Management: INR 8–INR 10 LPA
  • MIT-WPU, Pune: INR 7–INR 8.5 LPA
  • IMED, Pune: INR 7 LPA

Top MBA Colleges in Maharashtra Admission 2026

Admission to top MBA colleges in Maharashtra is done either through state-level entrance exams like MAH CET or national-level exams like CAT, XAT, NMAT, CMAT, and SNAP. Top-tier institutes like IIM Mumbai, SPJIMR, and SJMSOM offer admission based on CAT scores followed by Group Discussion (GD), Personal Interview (PI), and Written Ability Test (WAT). Some private colleges like NMIMS and Symbiosis (SIBM) conduct their own entrance exams (NMAT and SNAP respectively).

Admission Through Entrance Exam

  • Step 1: Register and apply for the entrance exams such as MAH CET, CAT, XAT, NMAT, CMAT, or SNAP, based on the colleges you wish to target.
  • Step 2: Appear for the chosen exam and aim for a competitive percentile or score.
  • Step 3: Based on your exam score, participate in the counselling or shortlisting process conducted by the respective exam body or institute.
  • Step 4: Shortlisted candidates are called for further rounds like GD, PI, or WAT (varies by college).
  • Step 5: On receiving the final admission offer, report to the allotted college for document verification, fee payment, and completion of admission formalities.

Direct / Institute-Level Admission (for Private Colleges)

Certain private institutions in Maharashtra, like Welingkar, MIT-WPU, and Bharati Vidyapeeth (IMED), also offer direct admission based on merit or internal evaluation.

  • Step 1: Check eligibility criteria, fee structure, and placement data of your preferred institute.
  • Step 2: Fill out the application form online or offline from the college website.
  • Step 3: Submit necessary documents such as 10th and 12th mark sheets, graduation marksheets, and ID proofs.
  • Step 4: Some colleges may conduct a personal interview or aptitude test before final selection.
  • Step 5: Once shortlisted, report to the college for document verification and fee submission to confirm admission.

Popular Entrance Exams for MBA Admissions in Maharashtra 2026

Exam Name                                              Conducting Body                                                                                                   Accepted By                                                                                                                                         
MAH CETState Common Entrance Test Cell, MaharashtraGovernment & Private Colleges (PUMBA, Welingkar, KJ Somaiya, etc.)
CATIIMsIIM Mumbai,SJMSOM (IIT Bombay), SPJIMR, K J Somaiya
XATXLRI JamshedpurSPJIMR,K J Somaiya, Welingkar
NMATGMACNMIMS Mumbai
SNAPSymbiosis International UniversitySIBM Pune
CMAT / ATMANTA / AIMSSelect Private Colleges



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Showing 539 MBA Colleges in Maharashtra

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    15,000 - 42,00,000

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    #3 NIRF Ranking

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    MHT-CET Exams

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Appear for the final session of JEE Main 2026 01 Apr 26 - 08 Apr 26

IIT Bombay specialties

  • Shortlist Students
  • Shortlisted by  3065+  students
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  • 4.5Rating
    (2 Reviews)
  • RatingPune, Maharashtra
  • RatingUniversity
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    ...+1 National Assessment and Accreditation Council (NAAC)
  • Rupee

    83,000 - 8,53,000

  • Symbol
    16.2 Lacs

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    SNAP Exams

    ...+1 CAT
Symbiosis Group Of Institutes is a University Institute located in Pune, Maharashtra. It was established in the year 1978. Symbiosis Group Of Institutes offers Regular courses such as MBA, PGDM, Executive MBA, BBA, MA in multiple disciplines. Read More
  • Shortlist Students
  • Shortlisted by  846+  students
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  • 4.2Rating
    (138 Reviews)
  • RatingMumbai, Maharashtra
  • RatingPrivate Unaided
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    ...+3 NBA , NAAC , AICTE
  • Rupee

    26,000 - 12,50,000

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    #95 NIRF Ranking

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    MHT-CET Exams

    ...+6 CBSE 12th , CLAT , NMAT by GMAC , GPAT , NMIMS NPAT , XAT

Narsee Monjee Institute of Management Studies Mumbai specialties

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  • Shortlisted by  16406+  students
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  • 4.0Rating
    (2 Reviews)
  • RatingMumbai, Maharashtra
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    82,675 - 16,62,000

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    MAH MBA CET Exams

    ...+6 CAT , XAT , GMAT , CMAT , MAT , NIMCET
KJ SOMAIYA Mumbai is a Private Institute located in Mumbai, Maharashtra. It was established in the year 1993. KJ SOMAIYA Mumbai offers Regular, Part Time courses such as MBA, PGDM, MCA, PhD, MMS in multiple disciplines. Read More
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  • Shortlisted by  1470+  students
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  • Rupee

    90,000 - 10,95,000

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    6.64 Lacs

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    FEAT Exams

    ...+4 CSIR NET , NIFT Entrance Exam , XAT , CMAT

Flame University specialties

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  • Shortlisted by  775+  students
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  • 4.4Rating
    (94 Reviews)
  • RatingMumbai, Maharashtra
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    ...+2 AIU , Government of Maharashtra
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    32,000 - 7,26,000

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    CBSE 12th Exams

    ...+6 NATA , MHT-CET , MAH MBA CET , CLAT , CAT , Maharashtra HSC

Amity University Mumbai specialties

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  • Shortlisted by  182735+  students
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  • Rupee

    41,250 - 3,48,000

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    12 Lacs

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    #64 NIRF Ranking

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    MHT-CET Exams

    ...+6 CSIR-UGC , GPAT , GATE , UGC , JEE Main , NEET

Institute of Chemical Technology Mumbai specialties

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  • 4.6Rating
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  • RatingPune, Maharashtra
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    ...+3 BCI , PCI , National Board of Accreditation (NBA)
  • Rupee

    60,000 - 6,05,000

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    MHT-CET Exams

    ...+6 CBSE 12th , NATA , CLAT , LSAT-India , NIFT Entrance Exam , CAT

MIT WPU specialties

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  • 4.4Rating
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  • RatingNashik, Maharashtra
  • RatingPrivate
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    ...+4 AICTE , BCI , AIU , NCTE
  • Rupee

    7,000 - 2,55,000

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    3 Lacs

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    CBSE 12th Exams

    ...+6 MHT-CET , CLAT , GATE , XAT , Maharashtra HSC , JEE Main

Sandip University Nashik specialties

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  • 4.0Rating
    (6 Reviews)
  • RatingNagpur, Maharashtra
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    ...+2 NAAC , AICTE
  • Rupee

    57,778 - 3,84,000

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    3 Lacs

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    MHT-CET Exams

    ...+6 CAT , XAT , GMAT , JEE Main , CMAT , MAT

Nagpur Institute Of Technology specialties

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  • 4.7Rating
    (25 Reviews)
  • RatingNagpur, Maharashtra
  • RatingPublic
  • Batch UGC
    ...+5 NBA , AIU , ACU , NAAC , National Assessment and Accreditation Council (NAAC)
  • Rupee

    3,855 - 1,50,000

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    5 Lacs

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    AIEED Exams

    ...+6 NIFT , JEE Main , MAT , NCHM JEE , CET , NATA

Rashtrasant Tukadoji Maharaj Nagpur University specialties

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  • 4.4Rating
    (71 Reviews)
  • RatingPune, Maharashtra
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    ...+3 AICTE , AIU , Government of Maharashtra
  • Rupee

    60,000 - 7,00,000

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    5.5 Lacs

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    MHT-CET Exams

    ...+6 NATA , CLAT , AIEED , LSAT-India , CSIR NET , CAT

Ajeenkya DY Patil University specialties

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  • 4.8Rating
    (4 Reviews)
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    ...+2 UGC , NAAC
  • Rupee

    6,000 - 1,42,730

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    MU OET Exams

    ...+6 BITS-Pilani , CLAT , NIPER JEE , MHT-CET , LSAT-India , CAT

SNDT Women's University specialties

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  • Shortlisted by  1296+  students
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  • Rupee

    4,000 - 5,00,000

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    NEET PG Exams

    ...+6 MAT , NEET , JIPMER , NIMCET , CBSE 12th , LSAT-India
Tilak Maharashtra Vidyapeeth is a Private Institute located in Pune, Maharashtra. It was established in the year 1921. Tilak Maharashtra Vidyapeeth offers Regular courses such as MBA, BSc, BA, BBA, BCA in multiple disciplines. Read More
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  • Shortlisted by  7454+  students
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  • Rupee

    12,000 - 4,50,000

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    4 Lacs

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    AIEED Exams

    ...+6 NIFT , JEE Main , MAT , NEET , VUNET , CBSE 12th
Vishwakarma University is a Private Institute located in Pune, Maharashtra. It was established in the year 2017. Vishwakarma University offers Regular courses such as B.Tech, MBA, B.Des, BSc, BA in multiple disciplines. Read More
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  • Shortlisted by  7760+  students
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  • 4.0Rating
    (8 Reviews)
  • RatingMumbai, Maharashtra
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    ...+6 British Standard institute (BSI) , NCHEMS , CODL , ASCBE (Europe) , NHRD , IADL

ISBM University specialties

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  • 4.4Rating
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  • Rupee

    35,000 - 1,78,000

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    JEE Main Exams

    ...+6 MAT , Navi Mumbai University B.Ed. , NCHM JEE , NEET , CBSE 12th , CET

Chhatrapati Shivaji Maharaj University specialties

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    2,12,000 - 6,55,000

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    1,32,000 - 5,28,000

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    3 Lacs

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    MHT-CET Exams

    ...+6 CAT , XAT , GMAT , JEE Main , CMAT , MAT
Don Bosco Institute of Technology Mumbai is a Private Institute located in Mumbai, Maharashtra. It was established in the year 2001. Don Bosco Institute of Technology Mumbai offers Regular courses such as B.Tech, MBA, B.E. in multiple disciplines. Read More
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  • 4.2Rating
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  • RatingWardha, Maharashtra
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    ...+6 AICTE , DCI , MHRD , ISO , INC , NAAC
  • Rupee

    15,000 - 16,00,000

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    6.6 Lacs

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    #84 NIRF Ranking

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    JEE Exams

    ...+6 NEET PG , JEE Main , MAT , NEET , NIMCET , CBSE 12th
Datta Meghe Institute of Higher Education and Research is a Government Aided Institute located in Wardha, Maharashtra. It was established in the year 1994. Datta Meghe Institute of Higher Education and Research offers Regular, Online courses such as B.Tech, MBA, MBBS, BSc, BA in multiple disciplines. Read More
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  • Rupee

    4,33,333 - 13,75,000

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    8 Lacs

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    WWI Entrance Exam Exams

Whistling Woods International is a Private Institute located in Mumbai, Maharashtra. It was established in the year 2006. Whistling Woods International offers Regular courses such as MBA, B.Des, BSc, BBA, Diploma in multiple disciplines. Read More
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  • 4.2Rating
    (31 Reviews)
  • RatingPune, Maharashtra
  • RatingPrivate
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    ...+1 Government of Maharashtra
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    2,95,000 - 6,30,000

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    5.95 Lacs

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    CAT Exams

    ...+4 GMAT , XAT , CMAT , MAT

Ramachandran International Institute of Management specialties

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  • Shortlisted by  14563+  students
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  • 4.7Rating
    (3 Reviews)
  • RatingPune, Maharashtra
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    ...+2 NAAC , National Assessment and Accreditation Council (NAAC)
  • Rupee

    4,40,000 - 11,00,000

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    7.42 Lacs

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    CAT Exams

    ...+5 XAT , GMAT , SET , CMAT , SNAP
Symbiosis Institute of Computer Studies and Research is a University Institute located in Pune, Maharashtra. It was established in the year 1985. Symbiosis Institute of Computer Studies and Research offers Regular courses such as MBA, BBA, BCA, MSc in multiple disciplines. Read More
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  • Shortlisted by  274+  students
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  • 3.7Rating
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  • RatingMumbai, Maharashtra
  • RatingPrivate Unaided
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    ...+7 NBA , AMBA , AACSB , AIU , IACBE , ACICS , EFMD
  • Rupee

    1,98,000 - 11,58,000

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    MAH MBA CET Exams

    ...+3 CMAT , CAT , SAT India

Universal Business School, Mumbai specialties

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  • 3.6Rating
    (5 Reviews)
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    ...+2 AICTE , NAAC
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    5,50,000 - 14,00,000

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    CBSE 12th Exams

    ...+2 XAT , CAT

DY Patil University (Deemed to be) Vijay Patil School of Management specialties

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  • Shortlisted by  463+  students
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  • 3.7Rating
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    ...+3 NBA , DTE , National Board of Accreditation (NBA)
  • Rupee

    60,000 - 17,20,000

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    7 Lacs

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    MHT-CET Exams

    ...+6 MAH MBA CET , CBSE 12th , GPAT , GATE , XAT , Maharashtra HSC

Maharashtra Institute of Technology Pune specialties

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