Maharashtra is one of the top destinations for management education in India. Some of the popular cities in Maharashtra, like Pune, Mumbai, and Nagpur, house some of the best MBA colleges in India. From IIMs to top private MBA colleges, Maharashtra has some of the best MBA colleges.
If you’re an MBA aspirant looking for the best MBA colleges in Maharashtra, the list below will help you. It includes top government and private MBA colleges in Maharashtra, along with details on fees, placements, courses, and admissions. Whether you’re looking for an AICTE-approved MBA college in Maharashtra or MBA colleges accepting CAT and XAT, the list below will help you find the best MBA college in Maharashtra.
Why choose Maharashtra for an MBA?
Maharashtra is home to some of the best MBA colleges in India, making it a favorite destination for management aspirants. With strong infrastructure, modern facilities, experienced faculty, and proximity to major business hubs like Mumbai and Pune, students gain both academic and practical knowledge. The presence of many AICTE-approved MBA colleges in Maharashtra ensures quality education and recognized degrees.
There are also many top MBA colleges in Maharashtra accepting CAT, XAT, MAT, and other national-level entrance exams. Some top institutes even conduct their own exams like SNAP for Symbiosis institutes. You can choose from a wide range of top MBA programs like Marketing, Finance, HR, Operations, and more. Most of these colleges also offer excellent placements, making it easy to start a rewarding career after graduation.
Whether you’re looking for a government MBA college in Maharashtra for affordable education or a private MBA college in Maharashtra with premium facilities, you’ll find many good options. There are several MBA colleges with placement in Maharashtra that attract top companies every year, offering good salary packages and roles.
Top 10 MBA Colleges in Maharashtra
Discover Mumbai’s top 10 MBA colleges known for placements, ROI & faculty. Compare fees, courses & rankings to choose the best fit for your career.
1. Indian Institute of Management, Mumbai (IIM Mumbai)
Established as NITIE Mumbai in 1963, IIM Mumbai is the best MBA college in Maharashtra. The institute is currently ranked 6th in the NIRF list of MBA colleges in the country and is the top government MBA college in Maharashtra. IIM Mumbai offers top MBA programs with CAT as the main entrance exam for MBA admission. The institute has one of the best placement rates in Mumbai and offers an MBA with placement in Maharashtra. The highest package offered in 2025 was 54LPA. Some of the top companies visiting the IIM Mumbai campus include American Express, Deloitte, KPMG, Apollo, etc.
- Courses Offered: MBA, executive MBA, certificate courses, etc.
- Admission Process: Admission is based on the CAT exam.
- Website: www.iimmumbai.ac.in
- Address: IIM Mumbai, Vihar Lake Road, Powai, Mumbai, Maharashtra 400087
IIM Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| MBA | – | ₹14 lakhs |
| MBA in Sustainability Management | – | ₹14 lakhs |
| MBA in Operations and Supply Chain Management | ₹14 lakhs | |
| FPM | 40 | – |
2. Symbiosis Institute of Business Management, Mumbai
Ranked 13th in the NIRF list of MBA colleges in India, SIBM Mumbai is one of the top private MBA colleges in Maharashtra. The institute offers MBA and executive MBA programs, and admission to top MBA programs is based on the SNAP test score. The NAAC accredits the institute with an A++ rating and is among the top MBA colleges in Maharashtra. SIBM is also renowned for its placement opportunities and offers an MBA with placement in Maharashtra.
- Courses Offered: MBA and executive MBA
- Admission Process: Admission is based on SNAP test scores.
- Website: www.sibm.edu
- Address: Plot No. 126, MHADA Colony, Chandivali, Powai, Mumbai, Maharashtra 400072
Symboisis, Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| MBA | 240 | ₹24.2 lakhs |
| MBA in Innovation and Entrepreneurship | 60 | ₹17.2 lakhs |
| Executive MBA | – | ₹6.93 lakhs |
3. SP Jain Institute of Management and Research, Mumbai (SPJIMR Mumbai)
One of the AICTE-approved MBA colleges in Maharashtra, SPJIMR Mumbai, was founded in 1981. The institute holds accreditations from AACSB, EQUIS, and AMBA and is only of the few MBA colleges that have all three accreditations. SPJIMR is one of the best private MBA colleges in Maharashtra, offering an MBA with placement in Maharashtra. The Institute has a 100% placement rate. 86 companies visited the campus in the 2025 placement session. As one of the top MBA colleges in Maharashtra, the institute was ranked 20th in the NIRF list of management institutes in the country.
- Courses Offered: MBA, PG diploma, and certificate courses
- Admission Process: Admission is based on scores in CAT, XAT, MAT, CMAT, ATMA, GMAT, or NMAT.
- Website: www.spjimr.org
- Address: Bhavan’s Campus, Munshi Nagar, Dadabhai Road, Andheri West, Mumbai 400058
SPJIMR Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| PGDM | 240 | ₹24 lakhs |
| PGPM | 180 | ₹14.5 lakhs |
| Global Management Programme | – | ₹25 lakhs |
| PGP-FMP | 250 | ₹17.05 lakhs |
| FPM | 10 | – |
| PGDM in Business Management | 120 | ₹24 lakhs |
| PGDM Online | – | ₹10 lakhs |
4. NMIMS School of Business Management, Mumbai
Ranked 21st under the management category by the NIRF, NMIMS School of Business Management is a private MBA college in Maharashtra. NMIMS is one of the AICTE-approved MBA colleges in Maharashtra and offers top MBA programs. Business analytics, real estate management, human resources, healthcare management, pharmaceutical management, etc., are some of the top specializations offered by NMIMS. MBA with placement in Maharashtra is one of the standout features of NMIMS Mumbai. It is one of the MBA colleges that accepts without CAT for admission.
- Courses Offered: MBA
- Admission Process: Admission is based on NMAT scores.
- Website: www.sbm.nmims.edu
- Address: V.L. Mehta Road, Vile Parle West, Mumbai 400056
NMIMS Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| MBA | 600 | ₹25 lakhs |
| MBA in Business Analytics | 120 | ₹22 lakhs |
| MBA in Pharmaceutical Management | 120 | ₹16 lakhs |
| MBA in HR | 120 | ₹25 lakhs |
| MBA (Part-time) | – | ₹16 lakhs |
| MBA in Real Estate Management | 60 | ₹13 lakhs |
| MBA in Law | 30 | – |
| MBA in Digital Transformation | 60 | ₹22 lakhs |
| MBA in Healthcare Management | 60 | – |
5. Indian Institute of Management, Nagpur (IIM Nagpur)
Established in 2015, IIM Nagpur is an AICTE-approved MBA college in Maharashtra known for its high-quality education and top MBA programs. IIM Nagpur is one of the top government MBA colleges in Maharashtra, and a valid CAT score is required for admission to top MBA programs. NIRF ranked IIM Nagpur 31st under the management category in 2024. The institute has an annual seat intake of 280 for MBA programs.
- Courses Offered: MBA, executive MBA, and certificate courses.
- Admission Process: CAT score is required for MBA admission.
- Website: www.iimnagpur.ac.in/
- Address: MIHAN, Nagpur, Dahegaon, Maharashtra 441108
IIM Nagpur Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| MBA | 280 | ₹19.7 lakhs |
| Executive MBA | – | ₹9.3 lakhs |
6. KJ Somaiya Institute of Management, Mumbai
KJ Somaiya Institute of Management is a top private MBA college in Maharashtra known for its strong Industry connections and tie-ups with foreign universities. The institute is recognized by UGC and is among the best MBA colleges in Maharashtra. KJ Somaiya Institute was ranked 63rd by the NIRF under the management category and has one of the best placement rates among top MBA colleges in Maharashtra. The institute offers an MBA with placement in Maharashtra, and admission to top MBA programs is based on scores in CAT, XAT, MAT, CMAT, etc.
- Courses Offered: MBA, Executive MBA, PhD, and MCA.
- Admission Process: Admission is based on CAT, XAT, CMAT, NMAT, and GMAT exam scores.
- Website: https://kjsim.somaiya.edu/en
- Address: Vidyanagar, Vidya Vihar East, Ghatkopar East, Mumbai, Maharashtra 400077
KJSIM Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| MBA | 600 | ₹21.34 lakhs |
| MBA in Sports Management | 30 | ₹13.48 lakhs |
| Executive MBA | 30 | ₹24.51 lakhs |
| MBA in Healthcare Management | 30 | ₹21.34 lakhs |
| MBA in Marketing and Communications | 30 | – |
7. Welingkar Institute of Management Development and Research, Maharashtra
One of the top private MBA colleges in Maharashtra, Welingkar Institute of Management was founded in 1977. The institute is an AICTE-approved MBA college and is accredited by NBA. One of the standout features of Welingkar Institute is that it offers top MBA programs in various modes, including full-time, part-time, and distance modes.
- Courses Offered: MBA, MMS, and Executive MBA.
- Admission Process: Admission is based on CAT, XAT, CMAT, ATMA, or GMAT scores.
- Website: www.welingkar.org
- Address: Lakhamsi Napoo Road, Opposite Matunga Gymkhana, Matunga East, Mumbai, Maharashtra 400019
WELINGKAR Mumbai Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| PGDM | 180 | ₹14 lakhs |
| MMS | 120 | ₹6.7 lakhs |
| PGDM in E-business | 120 | ₹14 lakhs |
| PGDM in Healthcare Management | 60 | ₹14 lakhs |
| PGDM in Media and Entertainment | 60 | ₹14 lakhs |
| PGDM in Retail Management | 60 | ₹14 lakhs |
| PGDM in Research and Business Analytics | 120 | ₹14 lakhs |
| PGDM in Business Design | 60 | ₹14 lakhs |
| PGDM in Rural Management | 60 | ₹14 lakhs |
| PGDM in Finance Management | – | ₹1.26 lakhs |
8. National Institute of Bank Management, Maharashtra (NIBM)
Ranked 91st by the NIRF and 41st by the IIRF, the National Institute of Banking is an AICTE-approved MBA college in Maharashtra. NIBM Pune was founded by the joint effort of the RBI and various other banks. The institute is one of the best MBA colleges in Maharashtra and offers top MBA programs. NIBM offers PGDM mainly in banking and financial services with an annual intake of 180.
- Courses Offered: MBA and certificate courses
- Admission Process: Admission is based on scores in CAT, XAT, CMAT, GRE, or GMAT.
- Website: www.nibmindia.org/
- Address: NIBM Post Office Road, Kondhwa, Pune, Maharashtra 411048
NIBM Pune Seats & Fees Structure
| Courses | Total Seats | Total Fees |
| PGDM in Banking and Financial Services | 180 | ₹13.7 lakhs |
9. Institute of Management and Entrepreneurship Development, Maharashtra (IMED)
IMED is a top-ranked private MBA college in Maharashtra offering top MBA programs. It is one of the AICTE-approved MBA colleges in Maharashtra and is one of the best MBA colleges in Maharashtra. The institute supports MBA admission without CAT and is widely recognized for its international tie-ups with institutions like Curtin University and Linnaeus University.
- Courses Offered: MBA/PGDM
- Admission Process: Admission is based on scores in the BMAT.
- Website: imed.bharatividyapeeth.edu/index.php
- Address: Rambaug Colony, Kothrud, Pune, Maharashtra 411038
10. Pune Institute of Business Management, Pune (PIBM)
Pune Institute of Business Management is a private MBA college in Maharashtra affiliated with the Savitribai Phule Pune University. Accredited by NAAC and NBA, the institute is also one of the AICTE-approved MBA colleges in Maharashtra. PIBM is one of the leading MBA colleges accepting CAT and has also introduced global PGDM and hybrid programs in collaboration with international universities like the University of Bridgeport, Clark University, and Lawrence Technological University.
- Courses Offered: MBA/PGDM
- Admission Process: A valid score in CAT, XAT, MAT, ATMA, CMAT, or PMAT is required for admission.
- Website: www.pibm.in/
- Address: Mulshi, Pune, Maharashtra 412115
READ ABOUT: TOP 5 MBA COLLEGES IN AHMEDABAD
Top MBA Colleges in Maharashtra – Seat Intake
Below is the list of the total number of MBA seats offered by top MBA colleges in Pune.
| College Name | Total MBA Seats |
| IIM Mumbai | – |
| SIBM Mumbai | 300 |
| SPJIMR Mumbai | 700 |
| NMIMS Mumbai | 1350 |
| IIM Nagpur | 280 |
| KJ Somaiya Institute | 600 |
| Welingkar Institute | 180 |
| NIBM | 180 |
| IMED | 240 |
| PIBM | – |
READ MORE ABOUT: Top MBA Colleges in Mumbai – Rankings, fees, and placements
best Government MBA Colleges in Maharashtra – Seat Intake
Below is the list of the total number of MBA seats offered by top government MBA colleges in Pune.
| College Name | Total MBA Seats |
| IIM Mumbai | – |
| IIM Nagpur | 280 |
| NIBM Pune | 180 |
Top Private MBA Colleges in Maharashtra – Seat Intake
Below is the list of the total number of MBA seats offered by top private MBA colleges in Pune.
| College Name | Total MBA Seats |
| SIBM Mumbai | 300 |
| SPJIMR Mumbai | 700 |
| NMIMS Mumbai | 1350 |
| KJ Somaiya Institute | 600 |
| Welingkar Institute | 180 |
| IMED Pune | 240 |
| PIBM Pune | – |
Fees Comparison of the Top 10 Best MBA Colleges in Maharashtra
| College | College Type | Total Fees |
| IIM Mumbai | Public | ₹14 lakhs |
| SIBM Mumbai | Private | ₹17.2-₹24.2 lakhs |
| SPJIMR Mumbai | Private | ₹9.5-₹25 lakhs |
| NMIMS Mumbai | Private | ₹13-₹25 lakhs |
| IIM Nagpur | Public | ₹19.7 lakhs |
| KJ Somaiya Institute | Private | ₹21.34 lakhs |
| Welingkar Institute | Private | ₹14 lakhs |
| NIBM Pune | Public-Private | ₹13.7 lakhs |
| IMED Pune | Private | ₹5 lakhs |
| PIBM Pune | Private | ₹4.5-₹30 lakhs |
Placement Packages of Top 10 MBA Colleges in Maharashtra
| College | Average Placement Package (LPA) | Highest Placement Package (LPA) |
| IIM Mumbai | ₹33.84L | ₹54L |
| SIBM Mumbai | ₹28.83L | ₹53.58L |
| SPJIMR Mumbai | ₹32L | ₹89L |
| NMIMS Mumbai | ₹25.13L | ₹67.7L |
| IIM Nagpur | ₹18.07L | ₹69.57L |
| KJ Somaiya Institute | ₹12.45L | ₹28.25L |
| Welingkar Institute | ₹12.04L | ₹40L |
| NIBM Pune | ₹14.23L | ₹26.51L |
| IMED Pune | ₹7.4L | ₹54L |
| PIBM Pune | ₹8.83L | ₹18L |
How to choose the right MBA college in Maharashtra?
Choosing the best MBA college in Maharashtra is very important for a bright career in management and business. Here are some tips:
- Accreditation: Always look for AICTE-approved MBA colleges. This ensures the college meets quality standards.
- Courses Offered: The college offers specializations in finance, marketing, HR, operations, etc..
- Entrance Exams Accepted: Most top MBA colleges in Maharashtra accept CAT, XAT, CMAT, SNAP, or MAH MBA CET.
- Placement Records: Go through the placement reports. Look for average salary, top recruiters, and placement support.
- Type of College: You can choose between government MBA colleges in Maharashtra (which are often more affordable) or private MBA colleges in Maharashtra (which may offer better infrastructure or networking).
- Location: Cities like Mumbai, Pune, and Nagpur have more job opportunities and better exposure.
Research well, compare options, and look at student reviews before making a final choice.
Frequently Asked Questions (FAQs)
1. Which MBA entrance exams are accepted by top MBA colleges in Maharashtra?
Top MBA colleges in Maharashtra accept MAH CET, CAT, CMAT, XAT, MAT, and ATMA. Institutes like JBIMS and SIMSREE consider MAH CET, while IIMs accept CAT.
2. Can I get admission to MBA colleges in Maharashtra without CAT?
Yes. Many colleges accept MAH CET, CMAT, MAT, or ATMA scores instead of CAT.
3. What is the eligibility criteria for MBA admission in Maharashtra?
A bachelor’s degree (minimum 50% for general, 45% for reserved categories) and a valid score in accepted entrance exams.
4. Which MBA college in Maharashtra offers the highest placement package?
IIM Nagpur and SPJIMR Mumbai often offer the highest packages, going up to ₹50+ LPA.
5. Which colleges in Maharashtra offer Executive MBA or part-time MBA programs?
Colleges like IIM Nagpur, NMIMS, SPJIMR, and Welingkar Institute of Management offer executive or part-time MBA courses.
6. Are there any government MBA colleges in Maharashtra with low fees?
Yes, institutes like JBIMS and SIMSREE offer quality education at lower fees.
7. What is the average placement salary for MBA graduates in Maharashtra?
Average salaries range between ₹6-12 LPA, depending on the college and specialization.
8. Are there good distance MBA programs available in Maharashtra?
Yes, institutes like IGNOU, Symbiosis Centre for Distance Learning (SCDL), and Welingkar Institute offer recognized distance MBA programs in Maharashtra.
9. Which MBA college in Maharashtra has the best campus infrastructure?
NMIMS Mumbai, IIM Nagpur, and SIBM Pune provide modern campuses and state-of-the-art facilities.
10. Which MBA colleges in Maharashtra have the best ROI?
IIM Mumbai, JBIMS, and PIBM offer excellent ROI, charge low fees, and ensure high placements.
Conclusion
Maharashtra is one of the most popular places in India for students who want to study MBA. The state is home to various AICTE-approved MBA colleges, both private and government MBA colleges in Maharashtra, offering top MBA programs. Whether you want top placements, strong academics, or good infrastructure, the best MBA colleges in Maharashtra has something to offer for everyone. The presence of companies and industries in cities like Mumbai and Pune makes the state a great place to build a successful career after MBA. If you are serious about a future in management or business, Maharashtra is definitely a place worth considering.
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