Top MBA/PGDM Colleges in Maharashtra Based on 2024 Ranking

Government MBA Colleges in Maharashtra

MBA program fees are usually significantly higher in private colleges as compared to government colleges. Some of the top MBA colleges that are run by the government in Maharashtra include SJMSOM Mumbai, IIM Mumbai(NITIE), and others. Below are the names of the top government MBA colleges in Maharashtra along with their average fees.

Top MBA Colleges in Maharashtra: Admission Process

Maharashtra is home to some of the well-renowned and premier BSchools in India. There are 55 government and 585 private MBA colleges in Maharashtra. The chart below represents the ratio between public and private MBA colleges in Maharashtra:

Admission into MBA colleges in Maharashtra is based on merit as well as MBA entrance exams. For entrance-based admissions, candidates are shortlisted based on MAH CET, CAT, MAT, CMAT, etc. entrance scores and GD/ PI rounds. Few colleges conduct their entrance exams like SNAP, IBSAT, etc. For merit-based admissions, students are selected based on their 10+2 and graduation scores.

IIT Bombay

Shailesh J. Mehta School of Management, IIT Bombay - SJMSOM Mumbai is one of the best Management colleges in India. The Institute is ranked 10th by NIRF Ranking. It offers several Management courses like MBA, EMBA, Ph.D., etc., and is renowned for its flagship MBA programs. MBA admissions at SJMSOM Mumbai are offered solely based on CAT scores. The registrations for CAT 2023 are ongoing, eligible candidates can apply for CAT till September 13, 2023. The entrance test will be conducted on November 26, 2023. Check SJMSOM Mumbai  Courses and Fees

IIT Bombay Placements 2023 Report

A total of 1,431 offers were accepted and 1,648 offers were received during IIT Bombay phase 1 placements 2023. The key highlights of IIT Bombay phase 1 placement 2023 as compared with IIT Bombay placements 2022 are presented in the infographics below.

Narsee Monjee Institute of Management Studies (NMIMS)

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.

• The institute has scored a 3.59 CGPA on the NAAC accreditation scale.
• It has been ranked as the 5th best private B-school by India Today rankings.
• NMIMS Mumbai has also earned the AACSB Accreditation, earned by less than 5% of the world’s business schools.
• The course curriculum includes special classes for French, Spanish, and German languages to help students fetch better opportunities.
• The full-time MBA program is 111 credits with 63 credits reserved for the first year and 45 for the second year. The remaining 3 credits are for the summer internship.

NMIMS Mumbai Placement Highlights

• During the placement drive, more than 150 companies visited the campus. Students were offered the highest CTC of INR 34.72 LPA. The average CTC stood at INR 18.45 LPA. 
• The CTC package of the top 50 students stood at INR 25.16 LPA, the top 100 students stood at INR 22.89 LPA, the top 150 students stood at INR 21.55 LPA, top 200 students stood at INR 20.16 LPA. 
• The offers were made from IT, analytics, Consulting, Startup and e-commerce, etc sectors. 
• Top recruiters like Adidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon, etc participated in the placement drive.

SIBM (Symbiosis Institute of Business Management) Pune

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.

• Symbiosis International (Deemed University) is ranked among the top 150 universities in the BRICS nations by the QS World University rankings.
• The institute’s 2-year full-time MBA program gives specialization options in the fields of Marketing, Finance, Operations, and Human resources.
• There are international students in the university from more than 75 countries.

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

SIBM Pune Placements

More than 100 companies visited the campus during SIBM Pune Placements.

• A total of 192 placement offers were made to the students by the recruiters. More than 180 students participated in the placement drive. 
• Students received 66 Pre-placement offers from various sectors like FMCG/Healthcare, IT/ITES, Auto/ Manufacturing, etc.
• The highest CTC stood at INR 30.38 LPA during the placement drive. The average CTC was INR 19.56 LPA & median CTC was INR 18 LPA.
• Top recruiters like Accenture, Aditya Birla Group, Asian paints, Bajaj, Phone Pe, Adidas, Hexaware, Dabur, etc participated in the placement drive.