Top 10 “MBA Colleges in Maharashtra” Eligibility & Admission

Top 10 “MBA Colleges in Maharashtra” Eligibility & Admission

If you are finding difficulties in choosing the best “MBA Colleges in Maharashtra”, then don’t worry you have reached the right place.

Popularly, known as The Gateway of India, Maharashtra is one of India’s biggest Industrial and Commercial centers developed as the main core for IT and ITeS.

In this guide, we are providing a list of top colleges for MBA in Maharashtra together with various details like fee structure, placement, admission process, and much more. So, read it carefully and completely and select the college which is best for you.

Highlight Table

No. Of colleges, Approx 700
Course details Sales & Marketing, HR, Finance, IB, BA, etc.
Eligibility criteria Have passed graduation with at least  50% marks
Entrance exam MAT, CAT, CMAT, and XAT.
Fee details Average 1 lakhs to 25 lakhs (depends on the college you choose)
Placement Good
Ranking Average

Eligibility Criteria

To get admission to one of the top colleges in Maharashtra for studying MBA, students must have completed graduation from a recognized university with at least 50% marks. Candidates who came into the reserved category must have scored 45% marks in graduation. Moreover, aspirants who have professional degrees such as ICWAI, CA, etc, are also eligible for MBA courses.

Admission Process

Candidates can apply for admission by visiting the official website of the college. Students who have scored 50% marks in graduation can only apply for MBA courses. They are shortlisted on the basis of marks obtained in the entrance exam which has been conducted by each college. Besides, aspirants will be called for the further process once they are shortlisted.

Some of the top MBA colleges in Maharashtra include –

1. Indian Institute of Technology, Mumbai

It is one of the top public research universities that ranked 3rd in NIRF. However, it is well-known for its B.Tech program. Besides, IIT Bombay also offers other courses like MBA, EMBA, B.Sc, Ph.D., and others in various fields. Admission to these courses is done on the basis of an entrance exam conducted by the college. Apart from this, the college also offers great placement opportunities to students. For details, visit here.

2. JBIMS, Mumbai

Established in 1965, it is an autonomous govt B-school. In the field of Human Resource Management, Finance, and Marketing & Information Technology, the college offers 2 years full-time MBA degree. For admission, valid marks in MAHCET are required. Most of the students prefer Jamnalal Bajaj Institute of Management Studies only because of its finance-related courses. Tap here for more information.

3. S. P. Jain Institute of Management and Research, Mumbai

SPJIMR Mumbai, established in 1981 as is considered a private management college. However, it is recognized by AICTE, AACSB, and NBA. the college offers full-time courses in PGDM and PGDM-BM. Apart from this, in Family Business Management the college offers 5 courses such as 2 Global Programs, 1 executive, 2 Entrepreneurship programs, and 3 social sector programs. Hit here to get more details.

4. SJMSOM, IIT Bombay

This is a part of IIT Bombay established in 1995. However, the college offers a 2-year flagship MBA program in management as well as Doctoral programs in Management. The yearly fee for the course is approx 1 lakh. Admission to these courses is done on the basis of marks obtained in the CAT/GMAT. Click here to get more details about the Shailesh J. Mehta School of Management.

5. K. J. Somaiya Institute of Management Studies and Research, Mumbai

Established in 1981, it is a private autonomous business school affiliated with Somaiya Vidyavihar University Mumbai. This is well known for its MBA program. On the basis of CMAT/CAT/XAT scores admission to these courses is offered in this college. Besides, K. J. Somaiya Institute of Management Studies and Research, Mumbai also offers PG-level courses. For further details, hit here.

6. Department of Management Sciences (PUMBA), University of Pune

It is also known as Pune University which is accredited with an “A” grade by NAAC. The college offers both MBA and BBA programs. On the basis of National and State level exams such as ATMA, XAT, CAT, and MAT admission is done. Visit here for more information about PUMBA.

7. Balaji Institute of Modern Management, Pune

It is a premier management institute located in Pune. However, the institute offers full-time MBA degrees and for professionals executive MBA. to get admission into BIMM Pune, students need to crack the entrance exam. Once shortlisted, they will be called for the further process that includes Group Discussion and Essay Writing + Personal Interview. Hit here for more details.

8. Institute of Management Technology, Ghaziabad

This is one of the Premium B-School established in 1980. Moreover, it is mainly famous for its huge Exchange Programs, Alumni Base, and Student-driven Clubs & Committees. By NIRF ranking, it ranked 44th in India. However, as its flagship program, the Institute of Management Technology offers PGDM which is equivalent to MBA. besides, it also has campuses in Hyderabad and Nagpur. Tap here to know more about IMT Ghaziabad.

9. Welingkar Institute of Management Development & Research, Mumbai

Also known as Welingkar, it is one of the top management colleges in India. However, this college is very well known for its 2-year flagship PGDM program in the field of Healthcare Management, Business Design, Rural Management, and E-Business. to its aspirants. On the basis of entrance exam marks admission to these programs of the college is offered. For further details, click here.

10. Symbiosis Institute of Business Management, Pune

SIBM Pune is a Constituent of Symbiosis International Univerity. In the Management category, it ranked 17th by NIRF. However, the college is famous for Centered Culture, Alumni Network, and much more. Admission to this college is based on SNAP test scores followed by Personal Interview, Group Exercise, and Written Ability test. Tap here to get more information about SIBM Pune.


In Maharashtra, there are various top colleges for MBA that offers the best placement records for their students. Given below are the name of some colleges with high placement data:

JBIMS, Mumbai: In all over India, it is one of the oldest and most prestigious management institutes that offers a 2-year full-time MBA program. The average salary package offered to candidates is 18 lakhs per annum.

IIT Bombay: This college has an excellent placement record and to graduates, the average salary package offered is around INR 20 lakhs per annum.

SIBM, Pune: It is one of the most popular business schools in India. However, the college offers a 2-year BA program. The placement provided by the college is excellent and has an average salary package of 17 lakhs per annum.

NMIMS, Mumbai: The college offers a 2-year MBA program and has an excellent average salary package of INR 16 lakhs per annum.

Department of Management Sciences, Pune: It is a management institute affiliated with the University of Pune. however, the college offers a 2-year full-time MBA program and offered  6-7 lakhs per annum to the candidates who get placed in top companies.

Recruiter Companies

Many top-notch companies like Amazon, OLX, Accenture, Hindustan Unilever Limited, DHL, Dell,  Infosys, and many more visit the college campus for hiring aspirants.

NIRF Rankings

NIRF Ranking College Name
22 Symbiosis Institute of Business Management
46 K. J. Somaiya Institute of Management Studies and Research
3 Indian Institute of Technology
10 JBIMS, Mumbai


Given above are the lists of top “ MBA Colleges in Maharashtra”. You can review each college and check the eligibility according to your marks. Besides, if you have any issues regarding this particular college then you can get in touch with us by tapping on our “Contact Us” page or by leaving your comments in the below-mentioned box.

Frequently Asked Questions

Which MBA is best in Maharashtra?

IIT Bombay is the best MBA college in Maharashtra.

What are the fees for MBA in Maharashtra?

For a two-year full-time program for doing MBA in Maharashtra, the average fee you have to pay is between 1 lakh to 25 lakhs.

Which are government colleges for MBA in Maharashtra?

SJMSOM IIT Bombay is the top government MBA college in Maharashtra.

Which college has the lowest fees for MBA?

PUMBA, Pune has the lowest fees for MBA in Maharashtra.


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Riya Sharma

Meet our accomplished author, Ms. Riya Sharma, a passionate educator and mentor with over 15 years of experience in the field of education. With a Master's degree in education from Delhi University, she has dedicated her career to empowering and inspiring students, especially young, enthusiastic students, to excel in their academic pursuits. Her expertise lies in exam preparation, and she has helped numerous students achieve academic success through her innovative teaching methodologies. With her in-depth knowledge of the education system and career options in India, she provides insightful analysis and guidance to students looking to chart their career paths after completing their 12th grade.