Top MBA Colleges in Maharashtra – Ranking, Fees, Cutoff, Placements

The Top MBA Colleges in Maharashtra offer a wide range of specializations, including finance, marketing, supply chain management, information technology, and foreign trade. Over 601 MBA/PGDM colleges are recognized in Maharashtra, of which 531 are private and 54 are government colleges. Most of the best MBA colleges in Maharashtra are approved and recognized by AICTE and UGC. Maharashtra's best MBA/PGDM colleges include SPJIMR Mumbai, SIBM Pune, and Institute of Management Technology - [IMT], Nagpur. 

Top MBA colleges in Maharashtra accept the CAT, CMAT, MAH CET, MAT, XAT, and ATMA entrance exams. In Maharashtra, there are several popular MBA colleges, including NMIMS School of Business Management, Symbiosis Institute of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, and K J Somaiya Institute of Management.

The revised rankings of Top MBA Colleges in Maharashtra are mentioned below:

• From rank 9 in 2022 to rank 7 in 2023, NITIE Bombay has improved its ranking.
• SPJIMR has improved its ranking as it shifted to rank 20 in 2023 when compared to rank 21 in 2022.

What are the Top MBA Colleges in Maharashtra in 2023?

An MBA is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. Some of the top MBA specializations include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, and so on. An MBA degree can enhance an individual's skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities.

Top MBA Colleges in Maharashtra with NIRF Ranking 2023

As per the NIRF, NITIE Mumbai has done a phenomenal job and secured 7th ranking as the Top MBA Colleges in Maharashtra with NIRF Ranking 2023.

 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.

• This year NITIE Mumbai has shown improvement and managed to secure 7th place. It is followed by IIT Bombay at 10th with a NIRF score of 68.11 
• As with last year, SIBM Pune maintains its position. In this list, it ranks 17th, followed by SPJIMR Mumbai and SVKM's NMIMS Mumbai, which are ranked 20th and 21st, respectively. 
• Other top MBA colleges in Maharashtra ranked by NIRF Ranking 2023 include IIM Nagpur, K J Somaiya Institute of Management Studies and Research, and Welingkar Mumbai.

NIRF Ranking 2023	College/ University Name	NIRF Score
7	National Institute of Industrial Engineering, Mumbai	71.99
10	Indian Institute of Technology Bombay	68.11
17	Symbiosis Institute of Business Management, Pune	62.74
20	S.P. Jain Institute of Management & Research, Mumbai	60.91
21	SVKM`s Narsee Monjee Institute of Management Studies, Mumbai	60.84
43	Indian Institute of Management, Nagpur	53.41
45	K J Somaiya Institute of Management Studies and Research, Mumbai	52.14
73	Principal L N Welingkar Institute of Management Development and Research, Mumbai	48.21
76	National Institute of Bank Management, Pune	47.08
102	Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development, Pune	-
110	Institute Of Management Technology, Nagpur	-
114	National Insurance Academy, Pune	-
117	Pune Institute of Business Management, Pune	-

Top 20 MBA Colleges in Maharashtra | Top MBA Colleges in Maharashtra

• National Institute of Industrial Engineering-Mumbai, Indian Institute of Technology Bombay, and SIBM Pune are ranked 9, 11, and 17 respectively by the latest NIRF Ranking among the top MBA colleges in India. 
• Most of the top MBA colleges in Maharashtra are situated in Mumbai and Pune. More than 161 are affiliated with Savitribai Phule Pune University - [SPPU] and 41 are affiliated with Mumbai University (MU).
• Most of the top MBA colleges in Maharashtra will offer MBA admissions in 2023 based on the scores of Management Entrance Exams like MAH CET, CAT, SNAP, CMAT, etc. followed by a Group Discussion or Personal Interview. 
• The SP Jain Institute of Management and Research (SPJIMR), Jamnalal Bajaj Institute of Management Studies (JBIMS), and School of Business Management at NMIMS University (SBM NMIMS) are among the leading MBA institutions in Mumbai. 
• The average fees for pursuing MBA/ PGDM courses from the top MBA colleges in Maharashtra can range between INR 50,000 to 30 Lakhs per year depending upon the colleges and region. Check: Top Government MBA Colleges in Maharashtra
• The top MBA colleges in Maharashtra with low fees - Under INR 60,000, the National Academy of Management Studies - [NAMS] Savitribai Phule, Mumbai [SPPU] Pune University Pune, Shivaji University - [SUK], Kolhapur, and S.B.E.S. College of Arts and Commerce Aurangabad are among the institutions. Check out the best private MBA Colleges in Maharashtra.
• The best MBA Colleges in Maharashtra are well-known for their excellent placement rates and great return on investment. The average CTC provided by Maharashtra's best MBA Colleges is INR 24-30 LPA
• Accenture, Amazon, Axis Bank, HCL, HDFC, and other prominent corporations are among the esteemed organizations that actively engage in the recruitment processes conducted by the Top MBA Colleges in Maharashtra.
• The institution being referred to is the SP Jain Institute of Management and Research, often abbreviated as SPJIMR. The Symbiosis Institute of Business Management (SIBM) in Pune and Sandip University in Mumbai are two notable academic institutions. Nashik and Narsee Monjee Institute of Management Studies (NMIMS Deemed To Be University) in Mumbai are widely regarded as top-tier institutions in India for pursuing an MBA with a specialization in Finance.

College Name	Average Fees	Eligibility	Selection Process
National Institute of Industrial Engineering, Mumbai- [NITIE]	INR 14.63 Lakhs	UG degree with a minimum of 60% marks	CAT Score
Shailesh J. Mehta School of Management, IIT Bombay	General: INR 2.26 LakhsSC/ST: 1.26 Lakhs	60% Marks in UG	CAT Score
SIBM Pune	INR 23.32 Lakhs	50% Marks in UG or equivalent (5% relaxation for reserved category candidates)	SNAP + GD + PI-WAT
S. P. Jain Institute of Management & Research	INR 17.90 Lakhs	50% Marks in UG or equivalent CGPA	CAT Score
SVKM`s Narsee Monjee Institute of Management Studies	INR 21.90 Lakhs	50% Marks in UG	NMAT Score
IIM Nagpur	INR 18 Lakhs	55% Marks in UG	CAT + Past academic performance + Work Experience + Diversity + Personal Interview
K.J.Somaiya Institute Of Management	INR 18.79 Lakhs	50% Marks in UG	CAT/XAT/CMAT/NMAT Score(Profile + performance in the CA and PI)
Principal L N Welingkar Institute of Management Development and Research	INR 13 Lakhs	50% Marks in UG	CAT/XAT/ATMA/CMAT Score(Entrance test- 40%+ academics- 15%+ PIQ- 40%+ Extra-Curricular- 5%)
National Institute of Bank Management	INR 13.72 Lakhs	50% Marks in UG or equivalent CGPA	CAT Score
Bharati Vidyapeeth - IMED, Pune	INR 9.60 Lakhs	50% Marks in UG or equivalent CGPA	CAT Score
National Insurance Academy	INR 9.43 Lakhs	50% Marks in UG or equivalent CGPA	CAT Score
Pune Institute of Business Management	INR 7.95 Lakhs	50% Marks in UG or equivalent CGPA	CAT Score
BIMHRD Pune	INR 9.70 Lakhs	50% marks in UG or equivalent(5% relaxation for reserved category candidates)	CAT/ MAT/ XAT/ CMAT/ MH-CET + GD + PI
IMT Nagpur	INR 12.12 Lakhs	50% marks in UG or equivalent	CAT/ XAT/ CMAT + Past academic performance + Work Experience + Diversity + Personal Interview
ITM Business School Navi Mumbai	INR 10.45 Lakhs	50% in UG	CAT, XAT, CMAT, MAT, ATMA, State CET tests & NMAT by GMAC + Micro Presentations + Personal Interviews + Process selection rounds
SIES School Of Business Studies - [SIES SBS]	INR 9 Lakhs	Qualification in UGGeneral Category: 50%Reserved Category: 45%	CAT/MAT/ XAT/CMAT/ATMA/MH-CET Score + GD +PI(Qualifying Exam 40%+ GD/GI/PI 45%+ Past Academic performance 10%+ Work experience 5%)
NL Dalmia Institute of Management Studies and Research, Mumbai	INR 13.20 Lakhs	50% in UG	CAT/ XAT/ MH CET/ CMAT/ ATMA/ MAT Scores
International School Of Business And Media - [ISB&M] Nande, Pune	INR 10.52 Lakhs	50% marks in UG or equivalent(5% relaxation for reserved category candidates)	CAT/ XAT/ MAT/ MAT + GD + PI
IIEBM Indus Business School - [IIEBM IBS], Pune	INR 7.55 Lakhs	50% marks in UG or equivalent	CAT / XAT / MAT / CMAT / ATMA + GD + PI + Written Assessment
DY Patil University's School of Management - [DYPUSM]	INR 8.40 Lakhs	50% in UG(5% relaxation for reserved category)	CET/CAT/MAT/CMAT/XAT/ATMA

What are the Top MBA Colleges in Maharashtra NIRF Ranking?

The NIRF (National Institutional Ranking Framework) ranking is an annual ranking system implemented by the Ministry of Education, Government of India. It aims to evaluate and rank higher education institutions in India based on various parameters such as teaching, learning, research, graduation outcomes, perception, and more. The NIRF rankings provide a comprehensive assessment of institutions across different disciplines, including MBA colleges.

Among the top 10 MBA colleges in Maharashtra. The table below shows the best MBA colleges in Maharashtra along with NIRF ranking from the past three years, i.e. from 2022 & 2023 are mentioned below:

College Name	NIRF 2022	NIRF 2023
IIM Mumbai (formerly known as NITIE)	9	7
IIT Bombay	11	10
Symbiosis Institute of Business Management	17	17
SPJIMR	21	20
NMIMS	25	21
IIM, Nagpur	43	43
Welingkar Institute of Management	68	73
KJ Somaiya Institute of Management	71	45

What are the Top Private MBA colleges in Maharashtra?

Among the top 10 MBA colleges in Maharashtra. The table below shows the private best MBA colleges in Maharashtra along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

Private Colleges	Total Tuition Fee/Seat Intake
NMIMS School of Business Management Admission depends on the Entrance Exam: NMAT Graduation with 55% aggregate	INR 13 lakh – INR 24 lakhSeats: 1,050
Symbiosis Institute of Business Management Admission depends on the Entrance Exam: SNAP Graduation with 50% aggregate	INR 20 lakh – INR 22 lakh seats: 660
S.P. Jain Institute of Management and Research Admission depends on the Entrance Exam: CAT Graduation with 50% aggregate	INR 20 lakh – INR 22 lakh Seats: 660
K J Somaiya Institute of Management Admission depends on the Entrance Exams: CAT, XAT, NMAT, CMAT Graduation with 50% aggregate	INR 17 lakh Seats: 720
Pune Institute of Business Management Admission depends on the Entrance Exams: CAT, XAT, MAT, CMAT, MAH CET Class 12, and Graduation with 50% aggregate	INR 8 lakh – INR 30 lakh Seats: 600

What are the Top Govt. MBA colleges in Maharashtra?

Among the top 10 MBA colleges in Maharashtra. The table below shows the government's best MBA colleges in Maharashtra list along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

Public/Government Colleges	Total Tuition Fee/Seat Intake
IIM Mumbai (formerly known as NITIE Admission Depends on Entrance Exams: CAT, GATE Graduation with 60% aggregate	INR 1.3 lakh seats: 270
IIM Nagpur Admission Depends on Entrance Exam: CAT Graduation with 50% aggregate	INR 18 lakh
UNIPUNE - Savitribai Phule Pune University Admission Depends on Entrance Exams: MAH CET, CAT, CMAT, MAT, XAT, etc.Class 12 and Graduation with 50% aggregate	INR 8 lakh – INR 20 lakh seats: 172
University of Mumbai Admission Depends on entrance Exams: MAH CET, CAT, CMAT, MAT, XAT, etc.Class 12 with 60% and Graduation with 50% aggregate	INR 2 lakhSeats: 420
Shailesh J. Mehta School of Management Admission Depends on Entrance Exams: CAT, JEE Main, JEE Advanced Graduation with 60% aggregate	INR 2 lakh seats: 420

How can I get admission to top MBA Colleges in Maharashtra?

The following are the standard qualifying requirements for admission to top MBA institutions in Maharashtra.

• Applicants are required to possess a bachelor's degree or a comparable credential in any field of study from an accredited university or institution, with a minimum cumulative grade point average of 50%.
• Several MBA institutions in Maharashtra take into account the marks obtained in national-level admission tests such as MAH CET, CAT, GMAT, XAT, CMAT, or MAT. Applicants are required to satisfy the predetermined minimum threshold scores established by the individual institutions.

What are the Entrance Exams for MBA colleges in Maharashtra?

The following are the most prominent MBA admission examinations recognized by leading universities in Maharashtra:

• MAH CET: The Maharashtra Common Admission Test, abbreviated as MAH CET, is a management admission exam. The MAH MBA/MMS-CET test is administered by the State Common Entrance Test Cell, Maharashtra, for admission to MBA programmes at different institutions around the state. 
• XAT (Xavier Aptitude Test): The XAT (Xavier Aptitude Test) is a national-level management entrance test administered by XLRI, Jamshedpur for admission to MBA/PGDM degrees. Preparation for the XAT takes at least six to nine months. XAT is one of the most difficult MBA entry tests among its peers, requiring focused time and effort.

• CAT: The Common Admission exam (CAT) is a national-level management aptitude exam used to gain admission to MBA programmes at 20 IIMs and over 1,200 B-schools in India. The CAT exam consists of three sections: verbal ability and reading comprehension, data interpretation and logical reasoning, and quantitative aptitude. The CAT exam preparation should comprise phased completion of the CAT course, mock test practise, and review.

List of Top 10 MBA Colleges in Maharashtra  | Top MBA Colleges in Maharashtra

Top MBA Colleges in Maharashtra - NITIE Mumbai is widely regarded as the premier institution for pursuing a Master of Business Administration (MBA) programme in the state of Maharashtra. According to the National Institutional Ranking Framework (NIRF) Ranking, this institution holds the ninth position among the leading MBA institutions in India. The Institute provides Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM) programmes in five distinct areas of specialisation, with a combined total seat capacity of 398. The following table presents the seat intake and ranking of the top 10 MBA institutions in Maharashtra.

List of Top 10 MBA Colleges in Maharashtra	Seat Intake
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai	172+
National Institute of Industrial Engineering, Mumbai	398+
S.P. Jain Institute of Management and Research, Mumbai	540+
NMIMS School of Business Management, Mumbai	1260+
Symbiosis Institute of Business Management - [SIBM], Pune	284+
K J Somaiya Institute of Management, Mumbai	960+
International Institute of Management Studies - [IIMS], Pune	240+
Lexicon MILE - Management Institute of Leadership and Excellence, Pune	1200+
Institute of Management Technology - [IMT], Nagpur	360+
Vivekanand Business School (VBS), Mumbai	180+

Top MBA Colleges in Mumbai | Top MBA Colleges in Maharashtra

Mumbai is home to over 127 institutions offering Master of Business Administration (MBA) programmes. SPJIMR Mumbai is regarded as one of the Top MBA Colleges in Maharashtra. The following is a compilation of the Top MBA Colleges in Mumbai, along with their respective seat capacities.

College/ University Name	Seats Intake
Shailesh J. Mehta School of Management, IIT Bombay, Mumbai	172+
National Institute of Industrial Engineering, Mumbai	398+
S.P. Jain Institute of Management and Research, Mumbai	540+
NMIMS School of Business Management, Mumbai	1260+
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai	15650+
K J Somaiya Institute of Management, Mumbai	960+
Universal Business School, Mumbai	800+
Amity University, Mumbai	-
N.L. Dalmia Institute of Management Studies and Research, Mumbai	360+
Vivekanand Business School (VBS), Mumbai	180+

Top MBA Colleges in Pune |Top MBA Colleges in Maharashtra

Top MBA Colleges in Maharashtra, Pune hosts the highest number of MBA colleges in Maharashtra. Pune has a considerable number of around 230 institutions offering Master of Business Administration (MBA) programmes. Symbiosis Institute of Business Management (SIBM) Pune is widely regarded as one of the premier institutions for pursuing a Master of Business Administration (MBA) degree in Pune. 

The institute provides a comprehensive curriculum that encompasses three distinct specializations within the MBA programme. Furthermore, SIBM Pune has a substantial seat intake of 284 for its MBA/PGDM programmes. The following table presents the Top MBA Colleges in Pune, along with their respective Seats Intake.

College/ University Name	Seats Intake
Symbiosis Institute of Business Management - [SIBM], Pune	284+
Pune Institute of Business Management - [PIBM], Pune	180+
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth - IMED Pune	240+
Balaji Institute of Modern Management - [BIMM], Pune	360+
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University	240+
ISB&M - International School of Business and Media, Pune	300+
International Institute of Management Studies - [IIMS], Pune	240+
School of Management, MIT WPU	240+
Lexicon Management Institute of Leadership and Excellence	600+
UNIPUNE - Savitribai Phule Pune University (SPPU)	19604+

Top MBA Colleges in Maharashtra: The Times Ranking

The Times is a prominent English daily newspaper and internet media outlet. Optimal Media Solutions - The Times and Avance India collaborated on a study and published a list of the Top MBA schools in India.

• Symbiosis Institute of Business Management, or SIBM Pune, is the Top MBA college in Maharashtra, with a seat intake of 280 for MBA/PGDM programmes.
• The Times of India has listed the top 140+ Management Institutes in India. SIBM Pune is the finest MBA institution in Maharashtra, according to The Times rankings.
• K.J. Somaiya Institute of Management is ranked seventh, with BIIB Pune and International School of Business And Media ranking 11th and 14th, respectively. 
• The Top MBA Colleges in Maharashtra include MIT World Peace University, Karad University, and Lexicon Management Institute of Leadership And Excellence.

• Other Top MBA Colleges in Maharashtra listed by The Times are Dr. D. Y. Patil B-School, SIES Management Institutes, and International Institute of Management Studies.

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

Top Private MBA Colleges in Maharashtra: ROI (Return on Investment) - Top MBA Colleges in Maharashtra

MBA education is costly, thus it is critical to evaluate the ROI element when selecting an institution. The following are some of the best MBA institutions in Maharashtra in terms of ROI.

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

Top 10 MBA Colleges in Maharashtra Through CET

The Directorate of Technical Education administers the Maharashtra Common Entrance Test (MAH CET). BIMM Pune, PUMBA Pune, MET Institute of Management Mumbai, and other top MBA universities in Maharashtra through CET include, among others. MAH CET 2023 online application registration will begin in the second week of March 2023 and will end in the third week of May 2023. The MAH CET 2023 test is set to take place in the fourth week of August 2023.

Listed below are some of the top MBA colleges in Maharashtra through CET.

1. Jamnalal Bajaj Institute of Management Studies -[JBIMS], Mumbai 
2. Dr. DY Patil Institute of Management, Pune
3. IES's Management College and Research Centre - [IES MCRC], Mumbai 
4. PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University
5. Atharva Institute of Management Studies - [AIMS], Mumbai 
6. BIMM Pune - Balaji Institute of Modern Management
7. SIES School of Business Studies - [SIES SBS], Mumbai
8. MITSOM Pune - MIT School of Management
9. Universal Business School - [UBS], Mumbai
10. FLAME University, Pune

Top MBA Colleges in Maharashtra Accepting MAT Score

The All India Management Association (AIMA) administers the MAT, or Management Aptitude Test, for admission to more than 600 management institutes in India.

• The test is given four times a year in both online and offline formats.
• The test is typically administered in February, May, September, and December.
• The test lasts 2 hours and 30 minutes and consists of 200 questions. Each question is worth one point.
• There is no limit on the number of tries a candidate may make.

These are the top MBA colleges in Maharashtra accepting MAT scores.

• SIES College of Management Studies, Mumbai
• Balaji Institute of Modern Management, Pune
• Bharati Vidyapeeth Institute of Management Studies and Research [BVIMSR], Navi Mumbai
• Mahatma Gandhi Mission's Institute of Management [MGM], Aurangabad

Why an MBA from the Top MBA Colleges in Maharashtra?

Many graduates aspire to a great career in business but often are unaware of the obstacles they may encounter. Students should be aware that admission to a top MBA programme will open doors to the business world. The top MBA institutions in Maharashtra have varied criteria for admitting students to the MBA course. Many queries would arise in the minds of management aspirants, such as which MBA institutions in Maharashtra recognise CAT, GMAT, XAT, CMAT, or MAT scores for admission to MBA programmes.

Students may choose to explore studying a management programme at IIT Bombay, which is regarded as one of the finest MBA institutes in Mumbai. It is also known as the Shailesh J Mehta School of Management, and the institution provides intellectually stimulating programmes in the area of management education to its students.

Jamnalal Bajaj institution of Management is another prestigious institution where one may get an MBA. This institution is situated near Nariman Point, which is considered India's business centre.

MBA colleges in Maharashtra (Mumbai, Pune & Nagpur) accepting CAT, XAT, MHCET, CMAT and GMAT scores:-

• For MBA Aspirants MBA from Pune is one of the best destinations, students should know the list of top MBA Colleges that accept CAT, XAT, or GMAT results for final admission to the two-year management programme. IIT Mumbai, JBIMS, and SPJIMR are among the prestigious management schools that accept CAT results.
• JBIMS also takes GMAT and MHCET scores.
• Narsee Monjee institute of Management is ranked amongst top B-schools in India. Students can get admission to their MBA programs after appearing for the NMAT entrance test.
• SPJIMR , one of the top MBA colleges, accepts GMAT/CAT/XAT scores.
• TISS - Tata Institute of Social Sciences conducts a computer-based National Entrance test (TISS-NET) in the first week of January.
• K.J. Somaiya Institute Mgt. & Research accepts scores of CAT, XAT, CMAT & GMAT exams.
• Welingkar Institute of Mgt Development & Research, one of the best MBA colleges accepting CAT, XAT, and GMAT scores.
• ITM Business School in Mumbai accepts CAT, XAT, CMAT, GMAT, and MHCET marks for admission to management programmes.
• Symbiosis Centre of Management and Human Resource Development, one of the best MBA institutions in Pune, accepts SNAP scores for the MBA course.
• Symbiosis Institute of Business Management, one of the leading MBA institutions, accepts SNAP scores followed by Group Exercise, Personal Interview, and Written Ability Test (GE-PIWAT) for enrolment in their Post Graduate Programme in Management.
• Symbiosis Institute of Management Studies, one of the premier MBA institutions, is largely for Defence Personnel and Dependents, with few seats reserved for Civilians. It takes SNAP benefits.
• Indian Institute of Management is one of the leading MBA institutes in Nagpur. This prestigious institution accepts CAT results, which are then followed by a personal interview and written ability exam (PIWAT).
• Institute of Management Technology, one of the best MBA institutes in Nagpur, provides a two-year Post Graduate Diploma in Management (PGDM). It accepts CAT/XAT/CMAT/GMAT results, which are then followed by a personal interview.

Top MBA Colleges in Maharashtra – Preferred State to pursue Management Programs (MBA)

Let’s have a look at the reasons:-

• Maharashtra is India's most industrialized state, with the service sector accounting for a large portion of the state's GDP. Many international and local entities have made significant investments in this state.
• Mumbai, the state capital of Maharashtra, is also recognized as India's financial center; in other words, Mumbai serves as a business incubator for a rising pool of brilliant young. In the sphere of management education, Mumbai has been a center of creativity, innovation, and technical superiority.
• Pune ranks sixth in terms of per capita income and is India's biggest center for German enterprises. The IT industry in Pune is concentrated at the Hinjewadi IT Park, also known as the Rajeev Gandhi IT Park. Pune is also known as India's "Motor City," since numerous automotive corporations, including Mahindra & Mahindra, Mercedes-Benz, LandRover, TataMotors, Jaguar, Renault, and Volkswagen, have developed greenfield sites nearby.
• In today's world, a young person who has received management training is more prepared to compete in the business. Management students have several employment options:
• A talented management graduate is motivated to work in a metropolitan city by a balanced combination of excellent work-life balance, income growth, and sufficient employment prospects. A student with an MBA from a reputable institution will have little trouble finding work in Mumbai since many global corporations maintain corporate headquarters there. Furthermore, numerous key sectors such as textile, banking, and electronics are based in this metropolitan metropolis.
• Nagpur has attracted several shops and warehousing organizations. Many well-known shipping companies, such as Container Corp of India Ltd and Mahindra Logistics Ltd, have industrial activities in Nagpur.

Let’s have a look at the fee structure and the average salary structure of various colleges

MBA Colleges in Maharashtra (Mumbai, Pune & Nagpur) –

Fee structure and average salary (subject to revision):-

Name of Colleges	Fee Structure	Avg. Placement Salary
Indian Institute of Technology, Mumbai	Rs.2,27,850 (per semester)	Rs 20.8LPA
Jamnalal Bajaj Institute of Mgt Studies, Mumbai	Rs 3 lakh (annually)	Rs. 20.13 LPA
ITM Business School, Mumbai	Rs. 9,25,000 (annually)	Rs 17.6LPA
National Institute of Industrial Engineering, Mumbai	Rs 12,53,000 (total fees)	Rs.19.5LPA (approx.)
SP Jain Institute of Mgt & Research, Mumbai	Rs 17,87,500 (annually)	Rs 22 LPA
Tata Institute of Social Sciences, Mumbai	Rs 2 LPA (approx.)	Rs18 LPA (approx.)
IBS-ICFAI, Mumbai	Rs7.02 lakh (annually)	Rs7.32 LPA(approx.)
K.J. Somaiya Inst. Mgt. & Research, Mumbai	Rs   6,58,200 (annually)	Rs. 10.05 LPA
Welingkar Institute of Mgt Development & Research, Mumbai	Rs 5,50,000 (annually)	Rs 9.05 LPA
ITM Business School, Mumbai	Rs. 9,95,000 (total fees)	Rs 6.5 LPA (approx.)
SDA Bocconi Asia Center, Mumbai	Rs 18,60,000(total fees)	Rs 9.82 LPA
Sydenham Inst. of Mgt Studies,Res & Entrepreneurship Education, Mumbai	Rs 67,000 (annually)	Rs 10.92LPA
Symbiosis Institute of Business Mgt, Pune	Rs 1,034,950 (annually)	Rs 17.48 LPA
Symbiosis Center of Mgt & HRD, Pune	Rs 17,42,800 (total fees)	Rs. 15.6  LPA
Symbiosis Institute of International Business,Pune	Rs  15,76,800 (total fees)	Rs 10.25 LPA
Symbiosis Institute of Mgt Studies, Pune	Rs 9,75,850 (total fees)	Rs 10.16 LPA
Dept of Mgt Studies, University Of Pune	Rs 66,694 (annually)	Rs 5.4 LPA (approx.)
Symbiosis Center For Information Technology, Pune	Rs 5,60,000 (annually)	Rs 9.16 LPA
Symbiosis Inst of Media & Communication, Pune	Rs 1,60,000 (annually)	Rs 3.5 LPA
Dr. D. Y. Patil  Vidyapeeth Global Business School & Research Centre, Pune	Institute of Management Technology, Nagpur	Rs 6.9 LPA
Indus Business School, Pune	Rs 8,01,000 (total fees)	Rs 6.32 LPA
Institute of Mgt Development & Research, Pune	Rs 4,00,000(total fees)	Rs 5.46 LPA
Indian Institute of Management, Nagpur	Rs 5,85,000  (total fees)	Rs 12.35 LPA
Institute of Management Technology,Nagpur	Rs 12,10,000 (total fees)	Rs. 7.5 LPA
Dept of Management Studies, Nagpur	Rs  23,712  (annual fees)	Rs   3.5LPA (approx.)
Central Institute Of Business Mgt, Research & Development, Nagpur	Rs 1,13,000(annual fees)	Rs 3.6 LPA

The best business institutions in India provide management education that is current with the Global MBA environment. Management colleges should have been accredited with one or more international accreditations or be in the process of receiving them. These top universities offer a distinct pedagogy and a highly trained staff; students at the Top MBA colleges in India regularly get greater average placements year after year as they become industry ready.

Not only are the Indian Institutes of Management (IIMs) among the top MBA institutions, but so are some of the other university-affiliated and private MBA colleges, which are doing much better than many of the younger IIMs. Although the top MBA B Schools and a number of IIMs have comparable cost structures, some of the newer IIMs placements, IIM admission procedure, and IIMs average wage in placement tend to lag behind in a number of these best MBA institutions. Our team of experts conducted extensive research on MBA institutions and colleges to develop this complete list of best schools to pursue your management degree from.

Top MBA Colleges in Maharashtra Cutoff

The typical cutoff percentile for admission to top MBA Colleges in Maharashtra or Mumbai, such as JBIMS, SIMSREE, and XIMR, during the 2023 MAH CET examination is often higher than the 99th percentile. Mumbai is home to many prestigious MBA institutions in India that consider MAH MBA CET results for admission. Based on the study of the MAH MBA CET 2023 examination, it has been determined that applicants who get a score of 150 or more out of a total of 200 would likely obtain a percentile of 99.99. The cutoff scores for the MAH MBA CET 2023 in the first round of the Centralised Admission Process (CAP) were published on August 2, 2023, on the official website located at mba2023.mahacet.org.in. The cutoffs for all participating institutions are issued in a category-wise manner, namely for Maharashtra State and All India. These cutoffs are accompanied by the publication of merit lists.

Top MBA Colleges in Maharashtra - In the current academic year, the highest cutoff score seen is 99.99, specifically for JBIMS. In the previous year, the highest cutoff for the MAH MBA CET examination was seen to be at the 99.98 percentile for JBIMS, with SIMSREE following closely at a cutoff of 99.95 %. In the year 2021, the highest cutoff percentile for the MAH MBA CET in the All India category was 99.97 for JBIMS, with SIMSREE following closely after with a cutoff of 99.86 %. The threshold percentile for admission to Prin LN Welingkar and PUMBA was 99.76 and 99.63, respectively. Prospective applicants interested in pursuing admission in Mumbai are advised to refer to the MAH CET cutoff 2023 for renowned MBA institutions located in Mumbai.

MAH CET Cutoff 2023 for Top MBA Colleges in Mumbai

Check the MAH CET cutoff 2023 for top MBA colleges in Mumbai provided in the table below.

Name of the College	MAH CET 2023 Cutoff (Expected)
Jamnalal Bajaj Institute of Management Studies, Mumbai	99.90 Percentile
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai	99.80 Percentile
Welingkar Institute of Management Development and Research, Mumbai (WeSchool)	99.60 Percentile
SIES College of Management Studies, Mumbai	99 Percentile
Xavier Institute of Management & Research, Mumbai	99.52 Percentile
Chetana’s Institute of Management and Research, Mumbai	99.18 Percentile
Mumbai Educational Trust, Mumbai	98.37 Percentile
Lala Lajpat Rai Institute of Management, Mumbai	98.51 Percentile
Thakur Institute of Management Studies & Research, Mumbai	98.15 Percentile
Rizvi Institute of Management Studies & Research, Mumbai	97.28 Percentile
Vivekanand Education Society’s Institute of Management Studies and Research, Mumbai	96.36 Percentile
Alkesh Dinesh Mody Institute for Financial & Management Studies, Mumbai	96.21 Percentile
St. Francis Institute of Management and Research, Mumbai	95.41 Percentile
Fr. C. Rodrigues Institute of Management Studies, Mumbai	95.04 Percentile

MAH CET Cutoff 2022 for Top MBA Colleges in Mumbai

Check the previous year's cutoff for MAH CET for top MBA colleges in Mumbai to get an estimate of this year’s cutoff.

Name of the College	MAH CET 2022 Cutoff
Jamnalal Bajaj Institute of Management Studies, Mumbai	99.98 Percentile
SIMSREE, Mumbai	99.95 Percentile
Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai	99.89 Percentile
S.I.E.S. College of Management Studies, Mumbai	99.68 Percentile
Xavier Institute of Management & Research, Mumbai	99.62 Percentile
Chetana's Ramprasad Khandelwal Institute of Management & Research, Mumbai	99.24 Percentile
MET's Institute of Management, Mumbai	98.57 Percentile
Lala Lajpatrai Institute of Management, Mumbai	98.36 Percentile
Thakur Institute of Management Studies & Research, Mumbai	98.00 Percentile
Rizvi Institute of Management Studies & Research, Mumbai	97.87 Percentile
Vivekanand Education Society's Institute of Management Studies & Research, Mumbai	96.49 Percentile
Alkesh Dinesh Modi Institute for Financial & Management Studies, Mumbai	96.06 Percentile
St. Francis Institute of Management & Research, Mumbai	95.55 Percentile
Agnel Charities Agnel Seva Sangha's Fr. C. Rodrigues Inst. of Management. Studies, Vashi, Navi Mumbai	95.14 Percentile

MAH CET Cutoff 2023 for Other Top MBA Colleges

MAH MBA CET scores are accepted by over 300 colleges in Maharashtra. Check the expected MAH CET cutoff for other top MBA colleges below.

Name of the College	MAH CET 2023 Cutoff (Expected)
Department of Management Sciences, Pune (PUMBA)	99.67 Percentile
COEP Technological University, Pune	99.60 Percentile
Indira College of Engineering & Management, Mumbai	97.79 Percentile
S.C.E.S. Indira School Of Business Studies, Pune	95.88 Percentile
Indira Global Business School, Pune	95.39 Percentile
Shri Ramdeobaba College of Engineering and Management, Nagpur	94.67 Percentile
MAEER's MIT School of Management, Mumbai	93.65 Percentile
Brihan Maharashtra College of Commerce, Pune	92.97 Percentile
Neville Wadia Institute of Management Studies & Research, Pune	92.81 Percentile
Dr. D.Y. Patil Institute of Management Studies, Pune	90.65 Percentile
Mahatma Phule Institute Of Management and Computer Studies, Pune	82.84 Percentile
Sinhgad Institute of Management, Pune	77.95 Percentile

MAH MBA CET 2023 Cutoff Categories

As previously mentioned, the MAH CET cutoff for the year 2023 will be published in a manner that takes into account the candidate's domicile status and is categorized accordingly. The merit list will include the cutoff percentile for two distinct categories, namely Maharashtra State (MS) and Outside Maharashtra State (OMS). When evaluating a candidate for admission into MBA programmes that accept MAH CET results, their category will be taken into consideration. Please refer to the following sections for further information on the Maharashtra State category and the All-India category.

Maharashtra State Category

• Maharashtra and Minority Seats: The Maharashtra State category comprises candidates who have Maharashtra as their domicile state and students belonging to reserved categories such as SC, ST, OBC & PwD.

Outside Maharashtra State/ All India Category

• All India Seats: This category includes students from outside the state of Maharashtra.
• J&K Migrants: This category includes candidates originally belonging to the state of Jammu and Kashmir but who have relocated to Maharashtra or other states.

Factors Affecting MAH MBA CET Cutoff 2023

To be considered for admission to MBA colleges in Maharashtra, candidates must obtain the MAH MBA CET cutoff mark. Every year, the cutoff for each MAH MBA CET participating institute varies based on the following factors.

• The difficulty level of the MAH MBA CET exam
• Number of test takers
• Number of candidates qualifying for the selection rounds (GD/ PI/ WAT)
• Number of seats available in the participating colleges
• Institute repute or ranking
• Reservation criteria
• Past year trends

MAH MBA CET 2023 Score vs. Percentile Analysis (Expected)

The expected MAH MBA CET 2023 score vs. percentile analysis has been provided in the table below.

MAH MBA CET Score 2023	MAH MBA CET Percentile 2023
159	99.99 Percentile
156	99.98 Percentile
153	99.97 Percentile
152	99.96 Percentile
151	99.95 Percentile
150	99.93 Percentile
146	99.91 Percentile
142	99.8 Percentile
139	99.7 Percentile
138	99.6 Percentile
137	99.5 Percentile
131	99 Percentile
123	98 Percentile
118	97 Percentile
113	95 Percentile
108	94 Percentile
99	90 Percentile
91	85 Percentile
86	80 Percentile
76	70 Percentile
71	60 Percentile
66	50 Percentile

What is a Good Score in MAH MBA CET 2023-24?​​​​​​

A score falling within the range of 140 to 159 is seen to be indicative of satisfactory performance in the MAH MBA CET entrance examination.

The MAH MBA CET is conducted in various sessions.  The evaluation is conducted using a marking system, while the outcome is announced in percentile rankings. The MAH MBA CET 2023 was conducted throughout four distinct sessions. It is essential for candidates participating in the MAH MBA CET 2023 to possess a comprehensive understanding of the distinction between MBA CET score and MBA CET percentile, as this knowledge is crucial for comprehending their examination outcome.

The MBA CET 2023 was administered over the course of two sessions spanning two days, resulting in distinct question papers for each session. The variability in question papers may result in differing degrees of difficulty between test sessions, so exposing test takers to the possibility of scoring either lower or higher than their peers.

Based on historical patterns, it has been observed that the highest cutoff for the MAH MBA CET reaches the 99.97 percentile, while the lower cutoff often hovers around the 60 percentile. Candidates who get a score ranging from 140 to 159 out of the total marks in the MAH MBA CET may anticipate a favourable percentile that is likely to be accepted by the majority of universities in the state of Maharashtra. The passing scores for the MAH MBA CET examination, ranging from 50 to 60, are deemed acceptable by some MBA institutions of lower rank.

Each year, a large number of candidates participate in the MAH MBA CET examination with the aim of securing admission to one of the 350+ MBA/MMS institutions located in Maharashtra. The cutoff scores for MAH MBA CET 2023 range among various institutions and may also change depending on the chosen MBA specialization. The outcome would also be contingent upon whether a candidate has submitted an application for an All India category seat or an MH and Minority seat. Therefore, the interpretation of a "satisfactory" grade will differ according to the specific institution one is aiming for.

Frequently Asked Questions about Top MBA Colleges in Maharashtra

Q. What are the Top MBA Colleges in Maharashtra?

Ans. These are some of the Colleges that can be considered to be some of the Top 5 MBA Colleges in Maharashtra

• National Institute of Industrial Engineering, Mumbai
• Shailesh J. Mehta School of Management, IIT Bombay
• SIBM Pune
• S. P. Jain Institute of Management & Research
• SVKM's Narsee Monjee Institute of Management Studies

Q. 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.

Q. Which is the No. 1 MBA college in India?

Ans. The No. 1 MBA college in India -  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.

Q. Is Nagpur University good for an 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.

Q. Which Maharashtra colleges accept MAT scores?

Ans. Some of the best MBA colleges in Maharashtra accepting MAT entrance scores are listed below:

• Balaji Institute of Modern Management - [BIMM], Pune
• ITM Business School Kharghar - [ITM], Navi Mumbai
• Pune Institute of Business Management - [PIBM], Pune
• Balaji Institute of Management and Human Resource Development - [BIMHRD], Pune
• International Institute of Management Studies - [IIMS]

Q. Which is the Best MBA college for placement in Maharashtra?

Ans. The top MBA colleges in Maharashtra, namely NITIE, IIT Bombay, and IIM Nagpur, have consistently achieved a 100% placement rate.

Q. What is the mean tuition cost for the Symbiosis Institute of Business Management?

Ans. The Symbiosis Institute of Business Management charges an average price of INR 11.10 Lakhs. 

Q. Which government institution in Maharashtra is considered the most reputable for pursuing an MBA degree?

Ans. IIT Bombay and IIM Nagpur are widely regarded as top tier government MBA Colleges 

Q. What is the fee for an MBA program in Top MBA Colleges in Maharashtra?

Ans. The cost of pursuing an MBA program in Maharashtra ranges from INR 2 Lakhs to 21 Lakhs.