Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off
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Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off

Maharashtra is an Indian state with a high population density. As a result of population dominance in a particular state, the scope of education and other important things expands.

 Saurav Anand 02/04/2022
Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off
Top MBA Colleges in Maharashtra Maharashtra is an Indian state with a high population density. As a result of population dominance in a particular state, the scope of education and other important things expands. Pune is also included in the district dubbed “the centre of learning” by the state. Apart from Pune, many other districts, such as Nagpur and Mumbai, provide a good educational platform. It is one of India’s top MBA destinations, as it is the first choice for most corporations and other industries such as entertainment/media houses and financial institutions. It is also a centre for education in management, technology, and related fields. Top MBA colleges in Maharashtra provide MBA/PGDM courses in a variety of specializations, including finance, supply chain management,  marketing, information technology, and foreign trade, among others. In Maharashtra, there are over 592 accredited MBA/PGDM colleges. In Maharashtra, there are 522 private MBA colleges in Maharashtra and 54 government MBA…

Top MBA Colleges in Maharashtra

Maharashtra is an Indian state with a high population density. As a result of population dominance in a particular state, the scope of education and other important things expands. Pune is also included in the district dubbed “the centre of learning” by the state. Apart from Pune, many other districts, such as Nagpur and Mumbai, provide a good educational platform. It is one of India’s top MBA destinations, as it is the first choice for most corporations and other industries such as entertainment/media houses and financial institutions. It is also a centre for education in management, technology, and related fields.

Top MBA colleges in Maharashtra provide MBA/PGDM courses in a variety of specializations, including finance, supply chain management,  marketing, information technology, and foreign trade, among others. In Maharashtra, there are over 592 accredited MBA/PGDM colleges. In Maharashtra, there are 522 private MBA colleges in Maharashtra and 54 government MBA colleges in Mahasrashtra. AICTE and UGC approve and recognize the majority of the top MBA colleges in Maharashtra. Some of the best MBA colleges in Maharashtra include SIBM Pune, T SPJIMR Mumbai, and the Institute of Management Technology – [IMT], Nagpur. Most of the top MBA colleges in Maharashtra offer admission based on the results of Management Entrance Exams such as CAT,  MAH CET, SNAP, CMAT, and others, which may be followed by Group Discussion or Personal Interview rounds. Some of the top MBA colleges in Mumbai include Jamnalal Bajaj Institute of Management Studies (JBIMS), SP Jain Institute of Management and Research (SPJIMR), and School of Business Management NMIMS University (SBM NMIMS). The average fees for pursuing MBA/PGDM courses at the top MBA colleges in Maharashtra can range from INR 50,000 to 30 Lakhs per year, depending on the college and region. Among the top  MBA colleges in Maharashtra, National Institute of Industrial Engineering, Indian Institute of Technology Bombay, Mumbai, and S. P. Jain Institute of Management & Research are ranked 10, 12, and 19, respectively, by NIRF Ranking 2021.The majority of Maharashtra’s top MBA colleges are located in Mumbai and Pune. In addition, more than 161 are affiliated with Savitribai Phule Pune University – [SPPU] and 41 with Mumbai University (MU). Savitribai Phule Institute of Management, National Academy of Management Studies – [NAMS] Mumbai, and Savitribai Phule Institute of Management are among the top MBA colleges in Maharashtra with low fees than INR 60,000. [SPPU] Shivaji University – [SUK], Pune University S.B.E.S. College of Arts and Commerce Aurangabad, Kolhapur, and S.B.E.S. College of Arts and Commerce Pune Check out the best private MBA colleges in MaharashtraThe best MBA colleges in Maharashtra are well-known for their high placement rates and high return on investment. The average CTC offered by Maharashtra’s top MBA colleges is INR 24-30 LPA. Accenture, HCL, Axis Bank, HDFC, Amazon, and other top-tier companies participate in placement drives hosted by top MBA colleges in Maharashtra.

Highlights: Top MBA Colleges in Maharashtra

ParametersStatistics/ Particulars
Number of MBA colleges in MaharashtraApproximately 15
FeesAnnual fee:
Rs. 1-5 lakh- 16%
Rs. 5-10 lakh- 42%
Rs. 10-15 lakh- 26%
Rs. >15 lakh- 16%
Top SpecialisationsFinance, Operations, Sales & Marketing, Human Resources, IT & Systems, Business Analytics, Agriculture & Food Business, Business Economics, Industrial Engineering, International Business, Supply Chain
Admission ProcessEntrance Based
Number of IIMs and IITs1 IIM

Top 10 MBA colleges in Maharashtra List

Here is the list of Top 10 MBA colleges in Maharashtra which is given below:

SL. NoName of the College
1NITIE Mumbai - National Institute of Industrial Engineering
2SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology
3SPJIMR, Mumbai
4SIBM Pune - Symbiosis Institute of Business Management
5School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai
6JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies
7IIM Nagpur - Indian Institute of Management
8KJ Somaiya SIMSR - K J Somaiya Institute of Management
9Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research
10IMT Nagpur - Institute of Management Technology

NIRF Ranking 2021: Top MBA Colleges in Maharashtra

NIRF, or National Institutional Ranking Framework, is a government-sponsored and the most credible college and university ranking agency in India. A list of these colleges, as ranked by the NIRF Ranking 2021, is provided below.

  • NIRF 2021 has ranked IIT Bombay as the best MBA college in Maharashtra this year.
  • NITIE Mumbai, SIBM Pune, SPJIMR Mumbai, and Indian Institute of Management- Nagpur are among the other top entrants on the list.
  • SPJIMR Mumbai has dropped one rank in comparison to the NIRF ranking 2020.
  • IIT Bombay has risen one position. Last year, the institute was ranked 11th.
  • NMIMS Mumbai is yet another top MBA college in Maharashtra that has improved its ranking this year. It has risen to 22nd place from 24th last year.
NIRF 2021 RankingCollege NameNIRF Score
10Indian Institute of Technology Bombay68.08
12National Institute of Industrial Engineering, Mumbai64.52
19S. P. Jain Institute of Management & Research58.73
20Symbiosis Institute of Business Management58.64
22SVKM's Narsee Monjee Institute of Management Studies57.53
40Indian Institute of Management50.62
56K.J.Somaiya Institute Of Management46.68
69Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development43.99
72Principal L N Welingkar Institute of Management Development and Research43.73
76-100Balaji Institute of Management and HRD-
76-100Institute Of Management Technology, Nagpur-
76-100Pune Institute of Business Management-
76-100Vivekanand Education Society's Institute of Management Studies and Research-

Top MBA Colleges in Maharashtra with Fee Structure

Candidates seeking admission to MBA colleges in Maharashtra should research the fee structures of these institutions before deciding on the best fit for them. Candidates should conduct a thorough examination of the fees charged by MBA colleges in Maharashtra as well as the services provided by them. Here is the list of Top MBA Colleges in Maharashtra with Fee Structure which is given below.

Name of the CollegeMBA Fees
IIT Bombay FeesRs 9.55 lakhs
National Institute of Industrial Engineering FeesRs 10.83 lakhs
S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai)Rs 8.00 lakhs - Rs 17.50 lakhs
Symbiosis Institute of Business Management FeesRs 14.40 lakhs - Rs 25.40 lakhs
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, MumbaiRs 20.84 lakhs
IIM Nagpur FeesRs 13.74 lakhs
K. J. Somaiya Institute of Management Studies & Research FeesRs 16.19 lakhs
IMT Nagpur FeesRs 11.94 lakhs
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development FeesRs 4.50 lakhs
Principal L N Welingkar Institute of Management Development and Research FeesRs 1.60 lakhs

Top MBA Government Colleges in Maharashtra

Here is the list of the Top MBA Government Colleges in Maharashtra which is given below.

Public CollegesCourse Fee (in Rs)
Indian Institute of Management (IIM), Nagpur11,10,000
SJMSOM IIT Bombay, Mumbai8,32,400
NITIE, Mumbai6,62,000

Best MBA colleges in Maharashtra Placement Wise

Placements at MBA colleges in Maharashtra have been excellent in recent years. With some of Best MBA Colleges in India, such as NMIMS Mumbai, SPJIMR Mumbai,  and SIBM Pune, the state sees an influx of some of the best companies from around the world during the placement season.

  • The average placement offer in some of the top institutes, such as those affiliated with Symbiosis University, is between 180 and 200.
  • The average placement package in Best MBA colleges in Maharashtra is INR 7-8 lakh.
  • Every year, 50-60 recruiters visit an average MBA programme.

These companies’ top recruiters include:

Bain & CompanyAccenture StrategyCISCO
AmazonCapgeminiGartner
Boston Consulting Group (BCG)Morgan StanleyBYJU’s
Barclays CapitalMcKinsey & CompanyTCS
GodrejAirtelJ P Morgan

Top Private MBA Colleges in Maharashtra: ROI

MBA education is costly, so it is critical to consider the ROI factor before selecting a college. The following are some of the best MBA colleges in Maharashtra based on their return on investment.

College NameTotal FeesAverage Placement PackageROI Rank*
NITIE MumbaiINR 3,60,000INR 19,77,0001
IIT BombayINR 4,24,000INR 20,80,0002
IMED PuneINR 2,42,000INR 7,00,0003
KJ SIMSR MumbaiINR 3,30,000INR 9,40,0004
NMIMS MumbaiINR 9,25,000INR 17,58,0005
SIBM PuneINR 9,60,000INR 17,48,0006
SPJIMR MumbaiINR 17,50,000INR 22,90,0007
IMT NagpurINR 8,20,000INR 7,64,0008
BITSoMINR 24,50,000--
Vijay Patil School of ManagementINR 14,00,000--

Top MBA colleges in Maharashtra with Cut Off

Here is the list of Top MBA colleges in Maharashtra with Cut Off which is given below:

College NameCutoff
SJMSOM IIT Bombay, MumbaiCAT Cutoff
NITIE, MumbaiCAT Cutoff
SPJIMR, MumbaiXAT and CAT Cutoff
KJ SIMSR, MumbaiCutoff for MAHCET, MAT, XAT, CMAT, CAT
IMT, NagpurCutoff for CAT, XAT and CMAT
SIBM, PuneCAT and SNAP Cutoff
SIIB, PuneSNAP Cutoff

Top 10 MBA colleges in Maharashtra through CET

The Maharashtra Common Entrance Test (MAH CET) is an entrance exam administered by the Directorate of Technical Education (DTE) of Maharashtra for admission to the top MBA colleges in Maharashtra. The exam is held over two days and is divided into two sessions, one in the morning and one in the afternoon.

  • The exam is held in 47 cities across India.
  • Every year, MAH CET registrations begin in the second or third week of January.
  • The exam consists of 200 questions divided into four sections: Logical Reasoning (75 questions), Abstract Reasoning (25 questions), Quantitative Aptitude (50 questions), and Verbal Ability and Reading Comprehension (25 questions) (50 questions)
  • Most of the best colleges have an AH CET cut off percentile of 98 or higher.

Here is the list of Top 10 MBA colleges in Maharashtra through CET which is given below::

College NameCourse NameAverage Annual Fees(INR)
Jamnalal Bajaj Institute of Management Studies, MumbaiMMS3.05 lakh
Prin. LN Welingkar Institute of Management Development and Research, MumbaiPGDM, MMS6.5 lakh
Department of Management Sciences, University of Pune, PuneMBA ++, MBA-Pharma66,000
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, MumbaiMMS, PGDMB, MFM, MMM67,000
K. J. Somaiya Institute of Management Studies and Research (SIMSR), MumbaiPGDM, PGDM-RM, PGDM-IB, PGDM-FS, PGDM-COMM8.98 lakh
Bharati Vidyapeeth's Institute of Management Studies and Research, Navi MumbaiPGDBM, MMS2 lakh
N L Dalmia Institute of Management Studies and Research, MumbaiPGDM, MMM, MMS, MFM, MHRDM5.75 lakh
Balaji Institute of Management and Human Resource Development, TathawadePGDM-Marketing and Finance, PGDM-PM and HRD, PGDM4.8 lakh
ITM Business School, Navi MumbaiPGDM10.45 lakh
IES Management Institute, MumbaiPGDM, PGDM-PHM4 lakh

Frequently Asked Questions

1. Which MBA college has best placement in Maharashtra?

Ans. NITIE Mumbai has best placement in Maharashtra for MBA.

2. Which are government colleges for MBA in Maharashtra?

Ans. Here is the list of the Top MBA Government Colleges in Maharashtra which is given below:
Show 102550100 entriesSearch:

Public CollegesCourse Fee (in Rs)
Indian Institute of Management (IIM), Nagpur11,10,000
SJMSOM IIT Bombay, Mumbai8,32,400
NITIE, Mumbai6,62,000

3. How many seats are there in MBA in Maharashtra?

Ans. MAH CET 2022 exam scores will be accepted by over 330 MBA colleges in Maharashtra for MBA/MMS admission in 2022. The total number of seats available for MBA admission 2022 in these MBA colleges accepting MAH CET ranges from 36000 to 40000.

4. Which college is best for MBA in Maharashtra?

Ans. NIRF has named IIT Bombay the best MBA college in Maharashtra. SPJIMR Mumbai, SIBM Pune, and ITM Nagpur are also on the list.

5. Is Amity Mumbai good for MBA?

Ans. Amity Mumbai admits students based on various criteria such as CAT, XAT, NMAT, MAT, GMAt, and so on. The average placement package ranges between INR 3-4 lakh.

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Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off
Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off