MBA Colleges in Maharashtra 2022

MBA Colleges in Maharashtra - Worried about shortlisting the best MBA college in Maharashtra? You are at the right place! Yes, if you are facing difficulty in shortlisting the best suited MBA college in Maharashtra for you, Careers360 is there to help. Here, we provide the list of MBA colleges in Maharashtra along with various details like eligibility criteria, admission process, placement records, fee structure, cutoff, etc. Candidates can check the list of MBA colleges in Maharashtra to make an informed decision.

Also, check here the list of top MBA colleges in Maharashtra as per various rankings like NIRF, Careers360, etc. Students can also check the list of entrance exams accepted by the best MBA colleges in Maharashtra along with the list of MBA specializations provided by them. Read here to check the complete list of MBA colleges in Maharashtra along with all the details.

MBA Colleges in Maharashtra- Highlights

Number of MBA Colleges in Maharashtra

1004 MBA Colleges 

Type of Colleges

Public/Government and Private Colleges


Private- 949 Colleges

Public/Government- 55 Colleges

Colleges Affiliated to

AICTE (All India Institute of Technical Education)


NAAC (National Assessment and Accreditation Council)


UGC (University Grants Commission)

Admission Process

Mostly through Entrance exams like CAT, XAT, MAT, ATMA, MAH MBA CET, etc.

Specializations offered by MBA Colleges in Maharashtra

Some of the specializations offered are-

Average Fees

Rs 1.0 lakhs- Rs 25 lakhs

MBA Colleges in Maharashtra - Eligibility Criteria

All the candidates willing to get admission to the top MBA colleges in Maharashtra must fulfil the eligibility criteria set by these colleges. Candidates should check the minimum eligibility criteria set by the list of MBA colleges in Maharashtra beforehand as no candidate will be eligible for final admission if he/she does not satisfy the minimum criteria. Here is the basic eligibility criteria for getting admission in MBA colleges in Maharashtra.

  • Candidates should have passed the relevant undergraduate degree with required aggregate percentage marks.

  • The required minimum percentage in the qualifying exam varies as per the institute.

  • Candidates must also qualify the required entrance exam accepted by the college.

Eligibility Criteria of Top MBA Colleges in Maharashtra

Name of the College

Eligibility Criteria

Indian Institute of Technology Bombay

  • Candidates should have a Bachelor’s or Master’s degree from a UGC recognized University with 60% (55% for SC/ST).

  • Candidates should have valid CAT scores.

Symbiosis Institute of Business Management

  • Applicants should be a graduate from a recognized University with minimum 50% marks.

  • For SC/ST students a minimum 45% grade is required.

  • (Students appearing their final year examination also can apply)

IIM Nagpur

  • Bachelor's degree and CAT score that clears the cutoff (domestic)

  • OR

  • Undergraduate degree (Minimum 3-year degree) by University recognized by AIU WITH 50% marks or equivalent GPA

  • Valid GMAT Score with a minimum score of 600 (overseas) 

MBA Colleges in  Maharashtra (Based on NIRF ranking)

Every year, MHRD (now the Education Ministry) releases the NIRF ranking of the colleges in the country based on various parameters. Candidates looking for best MBA colleges in Maharashtra should consider NIRF rankings to shortlist the top colleges in the state. Check here the name of the top MBA college in Maharashtra as per NIRF ranking.

Top MBA Colleges in Maharashtra as per NIRF Ranking

MBA Colleges in  Maharashtra (Based on Careers360 ranking)

Careers360 releases a ranking of the MBA colleges in the country based on different parameters like facilities offered, placements, fee structure, etc. Candidates aiming to get admission in the best MBA colleges in Maharashtra must check this ranking to make a better decision on a college for them. The following table can be referred to check the list of MBA colleges in Maharashtra as per Careers360 rankings.

Top MBA Colleges in  Maharashtra as per Careers360 Ranking

Name of the College

Careers360 Ranking

NITIE Mumbai - National Institute of Industrial Engineering

10

SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology

11

SPJIMR, Mumbai

15

SIBM Pune - Symbiosis Institute of Business Management

32

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

33

JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies

34

IIM Nagpur - Indian Institute of Management

39

KJ Somaiya SIMSR - K J Somaiya Institute of Management

51

Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research

54

IMT Nagpur - Institute of Management Technology

55

Admission Process for MBA Colleges in Maharashtra

Candidates aiming to get admission to the best MBA colleges in Maharashtra must check the process beforehand. Knowledge of admission processes of MBA colleges in Maharashtra will help the students to understand the detailed process along with the important deadlines. The basic admission process of the MBA colleges in Maharashtra is given below-

  • Apply for admission on the official website of the college.

  • Appear for the entrance exam of the respective college or the national level entrance exam accepted by the college.

  • Those shortlisted on the basis of entrance exam scores are called for the counselling process.

List of MBA Colleges in Maharashtra - Admission Process

Candidates can check the admission process of some of the best MBA colleges in Maharashtra here-

MBA Colleges in Maharashtra - Placements

Placement records of any colleges show how the students of the college have got placed in top companies. Every student wishes to get a well-settled job after completing their course, thus a proper analysis of the placement data of MBA colleges in Maharashtra must be done. Here is the list of MBA colleges in Maharashtra (top) along with their placement data.

List of MBA Colleges in Maharashtra - Placement Records

Name of the College

Placement Statistics

Top Recruiters

Indian Institute of Technology Bombay

Click Here

  • Accenture

  • Cochlear

  • JPMC

  • P&G

  • PWC

  • Marico

  • ICICI Bank

  • Infosys

  • Yes Bank

NITIE Mumbai

Click Here

  • TATA Sky

  • ITC

  • Diageo

  • Yes Bank

  • Cipla

  • Cloudtail

  • Dabur

  • Google

SPJIMR, Mumbai

Click Here

  • Asian Paints

  • Alcon

  • Capgemini

  • Citibank

  • Microsoft

  • Uber

  • Goldman Sachs

  • ITC

  • Deloitte

SIBM Pune

Click Here

  • Becton Dickinson India Pvt. Ltd.

  • Tata Steel Limited and Texas Instruments (India) Pvt. Ltd.

  • J.P. Morgan Chase and Co.

  • Godrej Industries Limited and Associate Companies

  • ITC Limited

  • Hindustan Unilever Limited

Indian Institute of Management, Nagpur

Click Here

  • Deloitte

  • JLL

  • TVS

  • Amazon

  • OLX

  • Value Labs

K. J. Somaiya Institute of Management Studies & Research

Click Here

  • Accenture

  • Vodafone

  • Dell

  • Axis Bank

  • DHL

  • Puma

  • Amazon

  • Hero

Institute of Management Technology, Nagpur

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  • IPSOS Research

  • eClerx

  • Nielsen

  • Maven Magnets

  • Meredith

  • Markets & Markets

  • The Hackett Group

  • Global data Research Co

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development

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  • Accenture

  • Exide Industries Ltd.

  • IndusInd Bank

  • Axis Bank

  • Wipro

  • Jubilant Motorworks (Audi)

Principal L N Welingkar Institute of Management Development and Research

Click Here

  • Accenture

  • K Raheja Corp

  • Lexi Private Limited

  • Alight Solutions

  • Kalpataru Ltd

  • Lifestyle

  • Amazon

  • Kantar Group

MBA Colleges in Maharashtra - Course Fees

Candidates willing to get admission in MBA colleges in Maharashtra should also analyse the fee structure of these colleges before choosing the best suited one for themselves. A proper analysis of the fee charged by the MBA colleges in Maharashtra and facilities offered by them should be done by the candidates. Here is the list of top MBA colleges in Maharashtra along with their fee structure.

Fee Structure of Best MBA Colleges in Maharashtra

Name of the College

Detailed Fee Structure

MBA Fees

IIT Bombay Fees

Click Here

Rs 9.55 lakhs

National Institute of Industrial Engineering Fees

Click Here

Rs 10.83 lakhs

S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai)

Click Here

Rs 8.00 lakhs - Rs 17.50 lakhs

Symbiosis Institute of Business Management Fees

Click Here

Rs 14.40 lakhs - Rs 25.40 lakhs

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

Click Here

Rs 20.84 lakhs

IIM Nagpur Fees

Click Here

Rs 13.74 lakhs

K. J. Somaiya Institute of Management Studies & Research Fees

Click Here

Rs 16.19 lakhs

IMT Nagpur Fees

Click Here

Rs 11.94 lakhs

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development Fees

Click Here

Rs 4.50 lakhs

Principal L N Welingkar Institute of Management Development and Research Fees

Click Here

Rs 1.60 lakhs

Government MBA Colleges in Maharashtra

There are a total of 55 government MBA colleges in Maharashtra. Candidates aiming to get admission in the government MBA colleges in Maharashtra must check the names of the colleges. The following table can be referred to check the best government MBA colleges in Maharashtra as per NIRF or Careers360 rankings.

Top Government MBA Colleges in Maharashtra

Name of the College

NIRF/ Careers360 Ranking

SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology

NIRF rank- 11

NITIE Mumbai

NIRF rank- 12

JBIMS Mumbai 

Careers360 rank- 34

IIM Nagpur

NIRF rank- 40

SIMSREE Mumbai - Sydenham Institute of Management Studies Research and Entrepreneurship Education

Careers360 rating- AAA

Private MBA Colleges in Maharashtra

There are 949 private MBA colleges in Maharashtra. Students aiming for admission in the best MBA colleges in Maharashtra must check the list of top private colleges in the state. The following table can be referred to check the list of top private MBA colleges in Maharashtra as per NIRF or Careers360 rankings.

Top Private MBA Colleges in Maharashtra

Name of the College

NIRF/ Careers360 Ranking

SPJIMR, Mumbai

NIRF rank- 18

SIBM Pune

NIRF rank- 22

SVKM's Narsee Monjee Institute of Management Studies

NIRF rank- 24

KJ Somaiya SIMSR

NIRF rank- 46

IMT Nagpur

NIRF rank- 60

Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research

NIRF rank- 68

MBA Colleges in Maharashtra: Entrance Exams

Candidates aiming to get admission in the MBA colleges in Maharashtra are required to qualify the relevant entrance exam to be considered for admission. Some of the entrance exams accepted by the top MBA colleges in Maharashtra are CAT, XAT, MAT, CMAT, GMAT, ATMA, MAH MBA CET, IBSAT, NPAT, SNAP, etc. Check the list of entrance exams accepted by the best MBA colleges in Maharashtra here.

1. Common Aptitude Test (CAT)

CAT is an online test conducted for admission to various postgraduate and fellow programmes of IIMs. The entrance exam has questions spread over three sections- Verbal Ability and Reading Comprehension (VARC); Data Interpretation & Logical Reasoning (DILR) and Quantitative Ability (QA).

MBA Colleges in Maharashtra Accepting CAT Scores

Here is the list top MBA colleges in Maharashtra accepting CAT scores for admission-

  • NITIE Mumbai

  • SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology

  • SPJIMR, Mumbai

  • IIM Nagpur 

  • KJ Somaiya SIMSR

2.  Management Aptitude Test (MAT)

The All India Management Association (AIMA) conducts the national-level MBA entrance test known as Management Aptitude Test or MAT. It is an entrance exam that is conducted four times in a year - February, May, September, and December.

Top MBA Colleges in Maharashtra Accepting MAT Scores

  • SPJIMR, Mumbai

  • Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research

  • BIMM Pune 

  • Pune Institute of Business Management, Pune

3. MAH MBA CET

It is a state-level entrance exam conducted every year for admission in MBA and MMS courses offered by the participating institutes. MAH MBA CET is an online exam.

Top MBA Colleges in Maharashtra Accepting MAH MBA CET Scores

MBA Colleges in Maharashtra - Cutoff

As there are so many MBA colleges in Maharashtra, all these colleges release different cutoffs for admission of candidates in the course. The cutoff varies as per various factors like difficulty level of the entrance test, availability of seats, previous year cutoff trends, etc. The following table can be referred to check the cutoffs of top MBA colleges in Maharashtra.

Cutoff of Best MBA Colleges in Maharashtra

Name of the College

Cutoff Links

Indian Institute of Technology Bombay

Click Here

Pune Institute of Business Management, Pune

Click Here

K. J. Somaiya Institute of Management Studies & Research

Click Here

Principal L N Welingkar Institute of Management Development and Research

Click Here

MBA Colleges in Maharashtra- Branch-wise

Various specializations of management course are offered by the MBA colleges in Maharashtra. Some of them are- General Management; Hospitality Management; Business Administration; Financial Services; Human Resource Management, International Business; etc.Check the list of MBA colleges in Maharashtra offering different specializations here.

1. Best MBA in General Management Colleges in Maharashtra

Some of the colleges offering MBA in General Management in Maharashtra are-

2. Top MBA in Business Administration Colleges in Maharashtra

3. Best MBA in Human Resource Management Colleges in Maharashtra

4. Top MBA in International Business Colleges in Maharashtra

MBA Colleges in Nearby Locations

Candidates can also check the list of MBA colleges in the nearby states of Maharashtra. Here is a list of some of the colleges in the neighboring cities of Maharashtra.

Frequently Asked Questions (FAQs) 

Q1. Which is the best MBA college in Maharashtra?

Top MBA college in Maharashtra as per NIRF ranking is IIT Bombay.

Q2. How many MBA colleges are there in Maharashtra?

There are 1004 MBA colleges in Maharashtra.

Q3. Which is the best MBA college in Maharashtra to get admission on the basis of CAT scores?

The best MBA college in Maharashtra for admission on the basis of CAT scores is NITIE Mumbai.

Q4. Which are the top 5 MBA colleges in Maharashtra?

The top 5 MBA colleges in Maharashtra are- IIT Bombay, NITIE Mumbai, SPJIMR, Mumbai, SIBM Pune and SVKM's Narsee Monjee Institute of Management Studies.

Q5. What is the fee of IIT Bombay?    

The fee of IIT Bombay for MBA is Rs 9.55 lakhs.

Q6. Can I get admission in any MBA college in Maharashtra without CAT scores?

Yes, there are various other entrance exams like XAT, MAT, CMAT, GMAT, ATMA, MAH MBA CET, SNAP, etc. through which you can get admission in MBA colleges in Maharashtra.

Q7. Which is the top government MBA college in Maharashtra?

The top government MBA college in Maharashtra is SJMSOM IIT Bombay.

Q8. Which are the most popular specializations in the MBA colleges in Maharashtra?

The most popular specializations in MBA colleges in Maharashtra are- General Management, Human Resource Management, International Business, Business Administration, etc.

Q9. Which is the best private MBA college in Maharashtra?

The best private MBA college in Maharashtra as per NIRF rankings is SPJIMR, Mumbai.

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