Top MBA colleges in Maharashtra offer MBA/ PGDM courses with several specializations such as Finance, Marketing, Supply Chain Management, Information Technology, Foreign Trade, and many others. There are more than 601 recognized MBA/ PGDM colleges in Maharashtra, of which 531 are private and 54 are government MBA colleges in Maharashtra. Most of the top MBA colleges in Maharashtra are approved and recognized by AICTE and UGC. T SPJIMR Mumbai, SIBM Pune, and Institute of Management Technology - [IMT], Nagpur are some of the best MBA/ PGDM colleges in Maharashtra.
NITIE Mumbai is the best MBA college in Maharashtra. It is ranked #9 among the top MBA colleges in India as per NIRF Ranking. The Institute offers MBA/ PGDM courses in 5 different specializations and has a total seat intake capacity of 398. Tabulated below are the top 10 MBA colleges in Maharashtra as per Ranking with seat intake.
Multiple ranking agencies have released the rankings for various management colleges in India. These agencies also release rankings for other streams including Engineering, Medical, Pharmacy, Law, and Architecture. These rankings are carefully curated considering many parameters like Faculty Quality, Placements, Perception of the University, Gender Diversity, etc.
Given below are rankings of top MBA colleges in Maharashtra by some of the top-ranking agencies in India.
NIRF or National Institutional Ranking Framework is a government-sponsored and the most authentic ranking agency in India for colleges and universities. Given below is a list of these colleges as ranked by NIRF Rankings.
NIRF rankings have ranked the National Institute of Industrial Engineering as the best MBA college in Maharashtra this year.
NIRF Ranking 2022 | College Name | NIRF Score |
---|---|---|
9 | National Institute of Industrial Engineering | 68.84 |
11 | Shailesh J. Mehta School of Management, IIT Bombay | 66.24 |
17 | Symbiosis Institute of Business Management, Symbiosis International, Pune | 61.97 |
21 | SPJIMR - S.P. Jain Institute of Management and Research | 59.51 |
25 | Pravin Dalal School of Entrepreneurship and Family Business Management, NMIMS University, Mumbai | 58.14 |
43 | Indian Institute of Management, Nagpur | 52.84 |
68 | Welingkar Institute of Management | 46.76 |
71 | K J Somaiya Institute of Management | 46.31 |
91 | Pune Institute of Business Management | 43.63 |
95 | IMT Nagpur - Institute of Management Technology | 42.61 |
101 - 125 | Amity University, Mumbai | - |
102 - 125 | Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth | - |
102 - 125 | National Insurance Academy- NIA | - |
Source: NIRF Official Website
The Times is one of the most popular English daily newspapers and digital media. Together Optimal Media Solutions - The Times and Avance India conducted a survey and released a list of Top MBA colleges in India.
Symbiosis Institute of Business Management or popularly known as SIBM Pune is the best MBA college in Maharashtra and it has a seat intake of 280 for MBA/ PGDM courses.
Tabulated below are the Top MBA colleges in Maharashtra ranked by The Times Ranking.
The Times Ranking 2022 | College Name |
---|---|
1 | Symbiosis Institute of Business Management, Pune |
7 | K.J. Somaiya Institute of Management, Mumbai |
11 | Balaji Institute of International Business (BIIB), Pune |
14 | International School of Business And Media, Pune |
16 | Dr. Vishwanath Karad MIT World Peace University, School of Management, Pune |
19 | Lexicon Management Institute of Leadership And Excellence, Pune |
20 | Dr. D. Y. Patil B-School, Tathawade, Pune |
22 | SIES Management Institutes, Navi Mumbai |
23 | N.L Dalmia Institute of Management Studies And Research, Mumbai |
24 | Symbiosis Centre For Management & Human Resource Development, Hinjawadi, Pune |
25 | International Institute of Management Studies, Pune |
26 | Universal Business School, Mumbai |
27 | IIEBM, Indus Business School, Wakad Pune |
28 | Institute For Technology And Management, Kharghar, Navi Mumbai |
28 | MET Institute of Management, Bandra West, Mumbai |
31 | Balaji Institute of Modern Management (BIMM), Pune |
35 | Amity Business School, Amity University, Mumbai |
36 | Durgadevi Saraf Institute of Management Studies, Mumbai |
38 | Suryadatta Institutes of Management & Mass Communication (SIMMC), Bavdhan, Pune |
44 | Balaji Institute of Management And Human Resource Development (Bimhrd), Pune |
46 | Pune Institute of Business Management, Pune |
48 | Bharati Vidyapeeth (Deemed To Be) University, Institute of Management And Entrepreneurship Development, Pune |
50 | Global Business School & Research Centre, Pune |
55 | Aditya Institute of Management Studies And Research, Mumbai |
63 | Kohinoor Business School, Mumbai |
69 | D Y Patil (Deemed To Be University) School of Management, Navi Mumbai |
69 | Oriental Institute of Management, Navi Mumbai |
74 | Lala Lajpatrai Institute of Management, Mumbai |
79 | MIT ADT University, MIT College of Management, Pune |
81 | Indira School of Business Studies PGDM, Pune |
82 | Vivekanand Education Society’s Business School, Mumbai |
82 | GNVS Institute of Management, GTB Nagar, Mumbai |
84 | Sasmira's Institute of Management Studies And Research, Mumbai |
87 | School of Management, Ajeenkya DY Patil University, Pune |
98 | S. B. Patil Institute of Management, Pune |
99 | MITCON Institute of Management, Balewadi, Pune |
105 | Vaikunth Mehta National Institute of Cooperative Management, Pune |
119 | Vivekanand Education Society’s Institute of Management Studies And Research, Mumbai |
127 | Deogiri Institute of Engineering And Management Studies, Aurangabad |
133 | Indira School of Business Studies, Pune |
140 | Sai Balaji International Institute of Management Sciences, Pune |
145 | Indira Institute of Business Management, Navi Mumbai |
149 | Balaji Institute of Telecom & Management, Pune |
MBA education is expensive, thus it becomes important to consider the ROI factor before deciding on the college. Listed below are some of the top MBA colleges in Maharashtra according to their ROI value.
College/ University Name | Average Annual Fees (INR) | Average Placement Package (INR) | ROI Rank* |
---|---|---|---|
SJMSOM (IIT Bombay) | INR 4,91,100 | INR 25.9 LPA | 1 |
NITIE Mumbai | INR 7,03,000 | INR 25.4 LPA | 2 |
SPJIMR Mumbai | INR 10,21,000 | INR 32.06 LPA | 3 |
SIBM Pune | INR 13,49,000 | INR 23.06 LPA | 4 |
IIMS Pune | INR 4,50,000 | INR 5.5 LPA | 5 |
SCMHRD Pune | INR 11,05,000 | INR 6.50 LPA | 6 |
The table below shows some of the top MBA colleges in Maharashtra and their cutoffs. Most of these colleges accept MAHCET, CAT, MAT, and CMAT scores.
College Name | Cutoff |
---|---|
SJMSOM IIT Bombay, Mumbai | CAT Cutoff |
NITIE, Mumbai | CAT Cutoff |
SPJIMR, Mumbai | XAT and CAT Cutoff |
KJ SIMSR, Mumbai | Cutoff for MAHCET, MAT, XAT, CMAT, CAT |
IMT, Nagpur | Cutoff for CAT, XAT, and CMAT |
SIBM, Pune | CAT and SNAP Cutoff |
SIIB, Pune | SNAP Cutoff |
There are a total of 573 MBA colleges in Maharashtra, out of which 517 are private and 56 are public. The following graph explains their ratio in a better way.
Source: Official Survey
Admissions to the top MBA colleges in Maharashtra are done mainly through top MBA entrance exams like NMAT, XAT, CAT, etc.
IIT Bombay Admissions 2023 is ongoing. JEE Advanced 2023 schedule for BTech admissions has been released. JEE Advanced 2023 registration will begin on April 30, 2023. The last date to apply for JEE Advanced 2023 is May 4, 2023. Candidates can register on the official website - jeeadv.ac.in. JEE Advanced 2023 exam will be conducted on June 4, 2023.
During the placement drive, a total of 201 PPO offers were made.
Particulars | Placements Statistics Phase I |
---|---|
Total No. of Companies | 28 |
No. of PPOs | 201 |
Highest CTC | INR 62 LPA |
Average CTC | INR 25 LPA |
Highest International offer | INR 2.05 crore |
Top Recruiting Sector | Uber, Millennium WorldQuant, Blackstone, Rubrik etc |
NMIMS Mumbai is one of the most popular top MBA colleges in Maharashtra. The institute has campuses in many cities in Maharashtra including Mumbai, Pune, and Navi Mumbai. Not just that, NMIMS also has campuses in Chandigarh, Hyderabad, and Bangalore.
Particulars | Placement Statistics(2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies visited | 170+ | 150+ |
Highest CTC (Domestic) | INR 38.57 LPA | INR 34.72 LPA |
Highest CTC (International) | INR 58.61 LPA | - |
Average CTC | INR 18.33 LPA | INR 18.45 LPA |
Major Sectors | IT, analytics, Consulting, Startup & E-Commerce | IT, analytics, Consulting, Startup & E-Commerce |
Top Recruiters | Abbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, Castrol, etc | Adidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon, etc |
SIBM Pune is a constituent of Symbiosis International (Deemed University). The institute, established in 1978, is consistently ranked among the top 10 private MBA colleges in India.
The institute has a total intake of 180 seats for the 2-year full-time MBA program. The reservation division for these seats is shown below.
Source: SIBM Pune Official Website
More than 100 companies visited the campus during SIBM Pune Placements.
Particulars | Placements Statistics (2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies participated | 90+ | 100+ |
No. of New Recruiters | - | 35+ |
No. of Students participated | - | 180+ |
No. of Offers made | 186 | 192 |
No. of Pre-placement offers | 87 | 66 |
Highest CTC | INR 34.26 LPA | INR 30.38 LPA |
Average CTC | INR 20.14 LPA | INR 19.56 LPA |
Top Recruiters | Accenture, Adani, Aditya Birla Group, Bajaj Finserv, Cipla, etc | Accenture, Aditya Birla Group, Asian paints, Bajaj, Phone Pe, Adidas, Hexaware, Dabur, etc |
Admissions to the top MBA colleges in Maharashtra are done through various top MBA entrance exams like CAT, SNAP, NMAT, XAT, etc. Many colleges and universities also entertain the score of local state-level MBA entrance exams like MAHCET and BVP BMAT.
Different MBA colleges in Maharashtra consider different entrance exam scores for admissions. The below infographic highlights the number of colleges accepting different exams:
MAH CET or the Maharashtra Common Entrance Test is an entrance test conducted by the Directorate of Technical Education (DTE), Maharashtra for admission to the top MBA colleges in Maharashtra. The exam is spread over 2 days period and is conducted in 2 slots, the morning slot, and the afternoon slot.
Listed below are some of the top MBA colleges in Maharashtra through CET.
College Name | Course Name | Average Annual Fees(INR) |
---|---|---|
Jamnalal Bajaj Institute of Management Studies, Mumbai | MMS | 3.05 lakh |
Prin. LN Welingkar Institute of Management Development and Research, Mumbai | PGDM, MMS | 6.5 lakh |
Department of Management Sciences, University of Pune, Pune | MBA ++, MBA-Pharma | 66,000 |
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai | MMS, PGDMB, MFM, MMM | 67,000 |
K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai | PGDM, PGDM-RM, PGDM-IB, PGDM-FS, PGDM-COMM | 8.98 lakh |
Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai | PGDBM, MMS | 2 lakh |
N L Dalmia Institute of Management Studies and Research, Mumbai | PGDM, MMM, MMS, MFM, MHRDM | 5.75 lakh |
Balaji Institute of Management and Human Resource Development, Tathawade | PGDM-Marketing and Finance, PGDM-PM and HRD, PGDM | 4.8 lakh |
ITM Business School, Navi Mumbai | PGDM | 10.45 lakh |
IES Management Institute, Mumbai | PGDM, PGDM-PHM | 4 lakh |
MAT or Management Aptitude Test is conducted by the All India Management Association (AIMA) for admissions to more than 600 management colleges in India.
These are the top MBA colleges in Maharashtra accepting MAT scores.
Also, Check,
Placements in the top MBA colleges in Maharashtra have shown excellent performance in the past years. With some of the top MBA colleges in India located here, like SPJIMR Mumbai, NMIMS Mumbai, and SIBM Pune, the state witnesses the influx of some of the best companies from the world during the placement season.
The below graph shows the average CTCs offered in some colleges.
Source: Official Websites
The top recruiters in these companies include:
Bain & Company | Accenture Strategy | CISCO |
Amazon | Capgemini | Gartner |
Boston Consulting Group (BCG) | Morgan Stanley | BYJU’s |
Barclays Capital | McKinsey & Company | TCS |
Godrej | Airtel | J P Morgan |
Placements depend a lot upon the stream you choose. So, check the best colleges stream-wise by clicking on the links below.
The finance industry is booming more than ever in India and so the job prospects are also getting better. The industry which has shown an overall growth of 15% till now, is now growing at a rate of around 8.5%. Mentioned below are some of the top MBA colleges in Maharashtra for finance.
Ques. Which MBA college has the best placement?
Ans. The best MBA colleges in India offer lucrative placement opportunities with high ROI (Return on Investment). Some of the top MBA colleges in Maharashtra with placements are listed below:
Ques. How to get admission into the top MBA colleges in Maharashtra?
Ans. Candidates seeking admission into top MBA colleges in Maharashtra must have to complete their graduation with at least 50% marks from a recognized University. Also, one way is required to qualify for any MBA entrance exams such as Indian Institute of CAT, XAT, GMAT, SNAP, MAH CET, etc., and may face Group discussion or personal interview rounds.
Ques. Which are the No 1 MBA colleges in India?
Ans. Indian Institute of Management, IIM Ahmedabad is considered the best MBA college in India and is the No 1 MBA college in India. IIM Ahmedabad has also been ranked 1st position among the top MBA colleges in India by various popular ranking Agencies such as NIRF, India Today, etc.
Ques. Is Nagpur University good for MBA?
Ans. Yes, Nagpur University is one of the best institutes in Maharashtra offering an MBA. Nagpur University offers good facilities and high-quality education, and it also offers you creative placement packages with high ROI.
Ques. Which Maharashtra colleges accept MAT scores?
Ans. Some of the best MBA colleges in Maharashtra accepting MAT entrance scores are listed below:
Ques. What are the best MBA colleges in Maharashtra for Marketing?
Ans. SP Jain Institute of Management and Research - [SPJIMR] Mumbai, Symbiosis Institute of Business Management - [SIBM] Pune, K J Somaiya Institute of Management Mumbai, and Institute of Management Technology - [IMT] Nagpur are some of the best MBA colleges in Maharashtra for Marketing.
Ques. Does MBA in Maharashtra need an entrance exam?
Ans. Yes, most of the top-ranked and best MBA colleges in Maharashtra offer solely based on the scores of the entrance exams conducted at the National, State, or University level. Some of the popular entrance exams accepted by the best MBA colleges in Maharashtra are CAT, GMAT, MAT, SNAP, MAH CET, etc.
Ques. Which college is best for MBA in Maharashtra?
Ans. IIT Bombay has been ranked as the best MBA college in Maharashtra by NIRF. The list also includes SPJIMR Mumbai, SIBM Pune, and ITM Nagpur.
Ques. What are the fees for MBA in Mumbai?
Ans. Mumbai houses the highest number of top MBA colleges in India. The average fee for pursuing MBA from these colleges is INR 7 lakh.
Ques. Which MBA degree pays the most?
Ans. As per the latest trends, MBA Business Analytics and MBA Marketing have proved themselves to be the most lucrative MBA specializations.
Ques. Which is the best college for MBA in Pune?
Ans. Pune houses some of the top MBA colleges in Maharashtra including SIBM Pune, Flame University, and PUMBA.
Ques. What is the salary of an MBA in IT?
Ans. The average annual MBA in IT salary is INR 9.8 lakh.
Ques. How can I join MBA in IIM?
Ans. IIMs give admissions on 2 bases:
(i) For National Students: The score of CAT is considered.
(ii) For International Students: The score of GMAT is considered.
Ques. Which IIT is best for MBA?
Ans. IIT Bombay has demonstrated its caliber when it comes to management education. The institute has been ranked 1st in Maharashtra by the latest NIRF Rankings. QS has also named IIT Bombay as the best university in India.
Ques. Is Amity Mumbai good for MBA?
Ans. Amity Mumbai admits students based on various criteria like CAT, XAT, NMAT, MAT, GMAT, etc. The average placement package is around INR 3-4 lakh.
Mumbai, Maharashtra
₹ 4.91 Lakhs
₹ 1.68 Lakhs
₹ 11.05 Lakhs
₹ 1.01 Lakhs
₹ 2.25 Lakhs
Pune, Maharashtra
₹ 7.08 Lakhs
₹ 3.53 Lakhs
Mumbai, Maharashtra
₹ 7.35 Lakhs
Pune, Maharashtra
₹ 6.85 Lakhs
₹ 5.05 Lakhs
Navi Mumbai, Maharashtra
₹ 4.20 Lakhs
₹ 1.80 Lakhs