Top MBA Colleges in Maharashtra 2026 - Fees, Admissions, Placements
Maharashtra is one of the leading destinations in India for candidates pursuing an MBA. Several top MBA colleges in Maharashtra are renowned for their high-quality education, faculty expertise, state-of-the-art infrastructure, excellent placement records, and strong industry linkages. Many top companies visit these colleges every year and offer excellent salary packages.
There are around 676 MBA Colleges, out of which 600 are Private Colleges and 76 are government colleges. Some of the Best Colleges for MBA in Maharashtra include IIM Nagpur, JBIMS Mumbai, SIMSREE, NMIMS Mumbai, and SIBM Pune, along with many others., These institutes are known for their education quality, placements, and industry linkages. There are 437 AICTE-approved MBA Colleges in Maharashtra.
The MBA admission process in Maharashtra for 2026 will be done through National and State Level Entrance Tests, such as CAT, MAT, CMAT, MAH MBA CET, NMAT, XAT, etc. College fees also vary for MBA colleges in Maharashtra, ranging from INR 50,000 to INR 13 Lakhs.
In this article, we have listed the top MBA Colleges in Maharashtra, along with details on college fees, admission procedures, and placement processes, so that you can make the best decision in your career.
Read LessTop 10 MBA Colleges in Maharashtra: NIRF Ranking 2026
When considering the Best MBA Colleges in Maharashtra, the NIRF ranking is one of the most critical factors to consider. NIRF Rankings issued by the Government of India evaluate universities and colleges based on parameters such as academic excellence, placements, faculty, research work, and student satisfaction with the MBA experience.
The best colleges according to the NIRF ranking in MBA shall be trustworthy to recruiters. As a result, it provides better placements with higher salary packages. Students studying in MBA institutions of the NIRF ranking shall also have a better opportunity of industry exposure and networking.
Top-Ranked MBA Colleges in Maharashtra, according to NIRF, include IIM Mumbai, SJMSOM, Symbiosis Institute of Business Management (SIBM Pune), SPJIMR and many more. These institutions regularly obtain the best ranking in terms of quality education and placement.
| College Name | NIRF Ranking |
|---|---|
| SPJIMR Mumbai | 20 |
| IIM Mumbai | 6 |
| SJMSOM- IIT Bombay | 10 |
| NMIMS Mumbai | 24 |
| Symbiosis Institute of Business Management (SIBM Pune) | 11 |
| IIM Nagpur | 25 |
| K J Somaiya Institute of Management | 65 |
| National Institute of Bank Management | 101-125 |
| We School Mumbai | 75 |
| IMT Nagpur | 99 |
Top Private MBA Colleges in Maharashtra 2026
Opting for private MBA colleges in Maharashtra is an excellent option for candidates who want education, modern learning, and the best placement opportunities. There are more than 600 private MBA colleges in Maharashtra.
Some of the Best Private MBA Colleges in Maharashtra include SPJIMR Mumbai, NMIMS Mumbai, SIBM Pune, and K J Somaiya Institute of Management, etc. Private MBA colleges also contain up-to-date curriculum, industry-based training and global exposure. The placement cells of private colleges have tie-ups with leading companies. In addition, private colleges comprise great faculties, robust infrastructure. The Private MBA College fees in Maharashtra will vary between INR 4 to 13 Lakhs. This applies to top colleges, although the fees is expensive but reasonable in terms of quality education.
| College Name | Course Fees |
|---|---|
| SPJIMR Mumbai | INR 13 Lakhs |
| JBIMS Mumbai | INR 4.5 Lakhs |
| NMIMS Mumbai | INR 8 Lakhs |
| Symbiosis Institute of Business Management (SIBM Pune) | INR 12 Lakhs |
| SP Jain School of Global Management | INR 16 Lakhs |
| SCMHRD (Symbiosis Centre for Management and Human Resource Development) | INR 12 Lakhs |
| BITS School of Management | INR 13 Lakhs |
| K J Somaiya Institute of Management | INR 10 Lakhs |
| Symbiosis Institute of International Business (SIIB Pune) | INR 12 Lakhs |
| WeSchool Mumbai | INR 7 Lakhs |
| IMT Nagpur | INR 8 Lakhs |
| Symbiosis Centre for Information Technology Pune | INR 7.70 Lakhs |
| SIES College of Management Studies | INR 4 Lakhs |
| ITM Business School Kharagpur | INR 6 Lakhs |
| Vaikunth Mehta National Institute of Co-operative Management | INR 4.41 Lakhs |
Top Government MBA Colleges in Maharashtra
Enrolling in government MBA colleges in Maharashtra is an excellent option for students seeking quality education with lower costs as compared to private MBA colleges. Top colleges such as IIM Mumbai, SJMSOM-IIT Bombay, PUMBA, COEP, and NICMAR University are renowned for their quality of education, competent and experienced faculty, and academic background that supports placement.
Government MBA college fees are lower than compared of private institutes. But IIMs' fees are usually higher, but very much worth it due to their reputation, quality education, faculty expertise and placement. However, other government MBA colleges fees in Maharashtra vary between INR 21,000 to INR 3 Lakhs on average.
Overall, the Best MBA government colleges in Maharashtra give students an opportunity to get high-quality education, immense career opportunities, and value for money.
| College Name | Course Fees |
|---|---|
| IIM Mumbai | INR 10.5 Lakhs |
| SJMSOM-IIT Bombay | INR 3.94 Lakhs |
| National Institute of Bank Management | INR 7.4 Lakhs |
| NICMAR University | INR 3.10 Lakhs |
| Department of Management Sciences (PUMBA) | INR 1.5 Lakhs |
| College of Engineering Pune (COEP) | INR 3 Lakhs |
| Department of Business Management, RTMNU Nagpur | INR 21,078 |
| Sant Gadge Baba Amravati University | INR 30,231 |
| Dhananjayrao Gadgil Institute of Cooperative Management, Nagpur | INR 90,000 |
| Dr Babasaheb Ambedkar Marathwada University | INR 60,000 |
MBA Colleges in Maharashtra with Low Fees 2026
For students looking for quality education without any financial burden, joining low-fee MBA colleges in Maharashtra is one of the best options. Colleges like PUMBA, RTMNU Nagpur, Bharati Vidyapeeth University, have course fees ranging from INR 20,000 to 1.5 Lakhs.
Colleges do not compromise academic quality, experienced faculty, and placement opportunities, even though the fees is affordable. Students will learn the essentials of management skills and gain learning opportunities in real-world situations. This will especially benefit students from a middle-income background who are looking for a good financial investment. If students are seeking Maharashtra MBA Colleges under 1 Lakh, check out the table below
| College Name | Course Fees |
|---|---|
| Department of Management Sciences (PUMBA) | INR 1.5 Lakhs |
| Department of Business Management, RTMNU Nagpur | INR 21,078 |
| Sant Gadge Baba Amravati University | INR 30,231 |
| Dhananjayrao Gadgil Institute of Cooperative Management, Nagpur | INR 90,000 |
| Dr. Babasaheb Ambedkar Marathwada University | INR 60,000 |
| Neville Wadia Institute of Management Studies and Research | INR 1.34 Lakhs |
| Sanjivani College of Engineering | INR 1.81 Lakhs |
| Central Institute of Business Management Research & Development, Nagpur | INR 1 Lakh |
| Bharati Vidyapeeth University, Institute of Management | INR 1 Lakh |
| Sinhgad Business School | INR 1.4 Lakhs |
| Datta Meghe Institute of Management Studies | INR 1.5 Lakhs |
| Indira Global School of Business Pune | INR 1.57 Lakhs |
MBA Admission in Maharashtra 2026
Candidates who are seeking admission to the MBA in Maharashtra Colleges must satisfy the eligibility requirements and be aware of the admission requirements.
- Admissions are primarily offered based on entrance tests like MAH MBA CET, CAT, XAT, and CMAT. Some colleges might conduct own entrance exam. For example, candidates looking for admission to the MBA in Symbiosis, must appear for the SNAP.
- Students should possess a bachelor's degree with a minimum of 50% marks (45% for the reserved category).
- The student must register for the centralized Admission Process (CAP) conducted by the State CET Cell after taking an entrance exam.
- Those who qualify for the MBA cutoff criteria will be eligible to get a seat through CAP.
- Candidates who wish to apply for Government MBA Colleges in Maharashtra must satisfy the MAH MBA CET Cutoff 2026.
Top MBA Colleges in Maharashtra with High Placement 2026
Choosing a reputable MBA college in Maharashtra with placement opportunities is important for students who wish to build a promising career in management. Leading colleges such as SPJIMR Mumbai, IIM Mumbai, JBIMS Mumbai, and NMIMS Mumbai have often been associated with great placement records and high salary packages. These management institutions are well-known for industry linkages, faculty with vast industry experience, and opportunities for internships.
When intending to apply for the best MBA college, you should familiarize yourself with significant factors, such as placement records, highest and average packages, ROI, and recruiters. Top MBA colleges such as SPJIMR Mumbai have recorded an average package of INR 32 LPA, and IIM Mumbai has provided an average of INR 31 LPA to students.
Therefore, by joining one of the top MBA Colleges with High Placement in Maharashtra, you will be more likely to be provided with ample placement opportunities and a higher return on your investment (ROI).
| College Name | Highest Package | Average Package |
|---|---|---|
| SPJIMR Mumbai | INR 89 LPA | INR 32 LPA |
| IIM Mumbai | INR 54 LPA | INR 31 LPA |
| JBIMS Mumbai | INR 87 LPA | INR 29 LPA |
| SJMSOM-IIT Bombay | INR 53 LPA | INR 25 LPA |
| NMIMS Mumbai | INR 67 LPA | INR 25 LPA |
| Symbiosis Institute of Business Management (SIBM Pune) | INR 53 LPA | INR 28 LPA |
| SP Jain School of Global Management | INR 78 LPA | INR 36 LPA |
| SCMHRD (Symbiosis Centre for Management and Human Resource Development) | INR 67 LPA | INR 21 LPA |
| BITS School of Management | INR 50 LPA | INR 23 LPA |
| IIM Nagpur | INR 69 LPA | INR 18 LPA |
| K J Somaiya Institute of Management | INR 28 LPA | INR 12 LPA |
| Symbiosis Institute of International Business (SIIB Pune) | INR 27 LPA | INR 16 LPA |
| National Institute of Bank Management | INR 26 LPA | INR 14 LPA |
| WeSchool Mumbai | INR 40 LPA | INR 11 LPA |
| IMT Nagpur | INR 20 LPA | INR 11 LPA |
MBA Colleges in Maharashtra with Good ROI
Maharashtra’s MBA colleges are some of the best options for students considering an MBA in 2026. Some of the colleges offer good ROI, consistent placements over many years, and more affordable fees.
Maharashtra has many private colleges, such as JBIMS, IIM Mumbai (reputed), and SPJIMR, that have consistently high placement packages. Students from these colleges will likely be placed into well-paying firms, such as Deloitte, Amazon, TCS, or Infosys.
As for another option, Government colleges such as PUMBA Pune and SJMSOM, IIT Bombay, provide education at much lower fees, and very good placements. Here we have tabulated the Best MBA Colleges with High ROI.
| College Name | Course Fees | Highest Package | Average Package |
|---|---|---|---|
| SPJIMR Mumbai | INR 13 Lakhs | INR 89 LPA | INR 32 LPA |
| IIM Mumbai | INR 10.5 Lakhs | INR 54 LPA | INR 31 LPA |
| JBIMS Mumbai | INR 4.5 Lakhs | INR 87 LPA | INR 29 LPA |
| SJMSOM-IIT Bombay | INR 3.94 Lakhs | INR 53 LPA | INR 25 LPA |
| NMIMS Mumbai | INR 8 Lakhs | INR 67 LPA | INR 25 LPA |
| Symbiosis Institute of Business Management (SIBM Pune) | INR 12 Lakhs | INR 53 LPA | INR 28 LPA |
| INR 16 Lakhs | INR 78 LPA | INR 36 LPA | |
| SCMHRD (Symbiosis Centre for Management and Human Resource Development) | INR 12 Lakhs | INR 67 LPA | INR 21 LPA |
| IIM Nagpur | INR 11 Lakhs | INR 69 LPA | INR 18 LPA |
| NICMAR University | INR 3.10 Lakhs | INR 25 LPA | INR 9.25 LPA |
| Department of Management Sciences (PUMBA) | INR 1.5 Lakhs | INR 11 LPA | INR 19 LPA |
Top MBA Colleges in Maharashtra through MAH CET 2026
Several prominent MBA colleges in Maharashtra accept the MAH MBA CET 2026 score for admission. The top colleges include JBIMS Mumbai, PUMBA Pune, COEP Pune, which are largely popular choices for MBA applicants. Other colleges worth mentioning include Indira Institute of Management, Neville Wadia Institute of Management and Indira Global School of Business. These institutes provide good education, good placement opportunities, and great possibilities in a MBA career. Check out the MBA CET Colleges in Maharashtra
| College Name | MAH CET Cutoff 2026 (Percentile) |
|---|---|
| JBIMS Mumbai | 99 |
| Department of Management Sciences (PUMBA) | 99.85 |
| Pune Institute of Business Management | 84 |
| College of Engineering Pune (COEP) | 99.68 |
| Neville Wadia Institute of Management Studies and Research, Pune | 97.12 |
| Vivekanand Business School Mumbai | 85 |
| Indira Institute of Management Pune | 97.94 |
| Sinhgad Business School | 85.24 |
| Datta Meghe Institute of Management Studies | 80.37 |
| Indira Global School of Business | 97.15 |
Top MBA Colleges in Maharashtra accepting CAT 2026
Several well-known MBA Colleges in Maharashtra accept CAT 2026 score cards for admissions. Some of the notable colleges are IIM Mumbai, JBIMS Mumbai and SJMSOM-IIT Bombay, which have admirable placements too. Other prominent colleges that accept CAT include SPJIMR Mumbai, IIM Nagpur and K J Somaiya Institute of Management. Overall, the CAT Cutoff range between 80-97 percentile. These colleges provide industry exposure, education quality, and high ROI for MBA students in Maharashtra.
| College Name | CAT Cutoff 2026 (percentile) |
|---|---|
| SPJIMR Mumbai | 85 |
| IIM Mumbai | 97 |
| JBIMS Mumbai | 95 |
| SJMSOM-IIT Bombay | 90 |
| IIM Nagpur | 90 |
| K J Somaiya Institute of Management | 84 |
| National Institute of Bank Management | 91 |
| We School Mumbai | 80 |
| IMT Nagpur | 85 |
List of Top 399 MBA Colleges in Maharashtra
![Dhole Patil College of Engineering - [Dhole Patil College of Engineering]](https://www.campusoption.com/images/colleges/logos/28_03_15_062241_avatar.jpg){kind=avatar}
| >> Master of Business Administration | Fees : Rs. 166000 |
- fee structure of Dhole Patil college of MBA
MBA fees is 41000 yearly
![Sinhgad College of Engineering - [Sinhgad College of Engineering]](https://www.campusoption.com/images/colleges/logos/30_03_15_043055_04_08_14_011138_58713_127265013989193_7212198_n.jpg)
| >> Master of Business Administration | Fees : Rs. 400000 |
- Want to take admission for MBA
Hi Vinay, MBA Busniess management admission process in Sinhgad College of Engineering mainly depends on graduation score in relevant stream and also through CAP round students can opt. fo
![Symbiosis International University - [Symbiosis International University ]](https://www.campusoption.com/images/colleges/logos/26_03_15_062936_logo.jpg){kind=logo}
| >> Master of Business Administration | Fees : Rs. 3000000 |
![Bharati Vidyapeeth Deemed University - [Bharati Vidyapeeth Deemed University]](https://www.campusoption.com/images/colleges/logos/17_09_16_063345_bbb.jpg)
| >> Master of Business Administration | Fees : Rs. 400000 |
- Results are declared in rank or percentile? How much rank or percentile is needed for MBA admission?
Admission to the MBA at BVDU is based on the entrance exam BMAT followed by Cutoff. The results of the BMAT will be released in the form of percentile scores. However, candidates are mandated to sa
![Amity university Mumbai - [Amity university Mumbai]](https://www.campusoption.com/images/colleges/logos/21_10_16_092557_AMI_MUM_LOGO.png){kind=logo}
| >> Master of Business Administration | Fees : Rs. 265100 |
- What is the fees for MBA HR in Amity University?
The fee structure at Amity University for the academic year 2025 is Rs. 4.96 lakhs annually. Therefore, the total fee for the MBA in HR program is Rs. 9.92 lakhs.
![ITM Business School Navi Mumbai - [ITM Business School Navi Mumbai]](https://www.campusoption.com/images/colleges/logos/16_03_15_122439_1.jpg)
| >> Master of Business Administration | Fees : Rs. 650000 |
- ITM Navi Mumbai MBA admission
The ITM MBA Admissions are processed in online mode through the entrance test Scores of CAT, XAT, NMAT, CMAT, GMAT, MAT, and ATMA.
![RMD Sinhgad School of Management Studies - [RMD Sinhgad School of Management Studies]](https://www.campusoption.com/images/colleges/logos/13_11_17_053703_sinhgad.jpg)
| >> Master of Business Administration | Fees : Rs. 170000 |
- How can I get admission to Sinhgad college for MBA?
The MBA admissions involve completing a graduation degree with management entrance exams like CET, CAT, XAT, MAT, ATMA, and JMET, followed by GD and PI performance.
![Ramachandran International Institute of Management - [Ramachandran International Institute of Management]](https://www.campusoption.com/images/colleges/logos/10_11_17_090732_RIIM.jpg)
| >> Master of Business Administration | Fees : Rs. 375000 |
- What is the Standard fee structure of the MBA here?
The common fee structure in RIIM (Ramachandran International Institute of Management) will be approximately Rs. 5 lacs for one year. it will be 10 lacs for the total 2 years MBA program.
![Rajgad Institute of Management Research & Development - [Rajgad Institute of Management Research & Development]](https://www.campusoption.com/images/colleges/logos/07_12_16_115453_logo-footer.jpg){kind=logo}
| >> Master of Business Administration | Fees : Rs. 141540 |
- How much is the MBA Fees
MBA fee structure in Rajgad Institute of Management Research & Development as full total fee is around INR 1.61 lakhs. So candidates shall pay the fee per annum wise then it would be around INR
Loading...FAQs
- Which college is best in Maharashtra for MBA?
JBIMS Mumbai, SPJIMR Mumbai, IIM Mumbai, and SIBM Pune are a few of the best colleges for MBA in Maharashtra.
- Which city is best for an MBA in Maharashtra?
Mumbai and Pune are the best cities for MBA because they have top-tier colleges and offer excellent placements.
- Which MBA colleges in Maharashtra have low fees?
Colleges such as PUMBA Pune, RTMNU Nagpur, and Amravati University offer low fees for MBA programs.
- Which MBA College is best for Placement in Maharashtra?
Some of the best colleges for MBA Placement in Maharashtra include IIM Mumbai, SPJIMR Mumbai, JBIMS Mumbai, or SIBM Pune.
- Which college is best for MBA in Maharashtra without CAT?
You can get admission through MAH MBA CET to the MBA colleges such as; K J Somaiya, JBIMS Mumbai, PUMBA, Pune Institute of Business Management, COEP etc.
- What is the fees for MBA in Maharashtra?
On average, MBA fees in Maharashtra range from 1 to 13 Lakhs, depending on the college you choose. For most of the Top Colleges, the fees is above 5 Lakhs on an annual basis.
- Which College is best for MBA in Maharashtra through CET?
Top MBA Colleges in Maharashtra through MAH MBA CET include JBIMS Mumbai , PUMBA Pune and many more.
- Does NMIMS accept MBA CET Score?
NMIMS do not accept MAH MBA CET scores for admission. Instead, it conducts its own entrance exam NMAT for offering MBA Admission.
- Does Symbiosis accept the MHT CET score for MBA?
No, symbiosis conducts SNAP for offering admission to the MBA. Thus, applicants must appear for the exam to be eligible for admission.
- Which is the best government college for MBA in Maharashtra?
PUMBA Pune and COEP Pune are the best government MBA Colleges in Maharashtra.
Search MBA Colleges in Maharashtra by Course
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