Best MBA Colleges in Maharashtra

Explore top MBA colleges in Maharashtra! Discover world-class programs & boost your career.

Dec 27, 2023 - 23:03 Updated: Dec 28, 2023 - 00:01

There are a total of 743 of the best MBA colleges in Maharashtra. Among these, 475 colleges are privately owned, 37 colleges are owned by public/government organisations, and public-private owns 21 MBA colleges. CAT, CMAT, MAH CET, MAT, XAT, and ATMA are some of the most accepted entrance exams in top MBA colleges in Maharashtra. NMIMS School of Business Management, Symbiosis Institute of Business Management, National Institute of Industrial Engineering, S.P. Jain Institute of Management and Research, K J Somaiya Institute of Management, etc. are some of the popular MBA colleges in Maharashtra.

The revised rankings of the top MBA colleges in Maharashtra are mentioned below:

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

Best MBA Colleges in Maharashtra: Highlights 2024

Parameters	Particulars/Statistics
Number of MBA Colleges	743
Annual Fees	INR < 1 lakh: 57 colleges INR 1-2 lakh: 228 colleges INR 2-3 lakh: 95 colleges INR 3-5 lakh: 69 colleges INR > 5 lakh: 163 colleges
Top Specialisations	Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, etc.
Accepted Entrance Exams	CAT, XAT, CMAT, MAT,MAH CET, etc.

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

The general eligibility criteria to get MBA admission to top colleges for MBA in Maharashtra are listed below:

Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
Many MBA colleges in Maharashtra consider scores from national-level entrance exams such as MAH CET, CAT, GMAT, XAT, CMAT, or MAT. Candidates are required to meet the minimum cutoff scores set by the respective colleges.

What are the entrance exams for MBA colleges in Maharashtra?

The most popular entrance exams accepted by top colleges for MBA in Maharashtra are mentioned below:

MAH CET: Maharashtra Common Entrance Test or MAH CET is a management entrance test. Officially known as MAH MBA/MMS-CET, the exam is conducted by the State Common Entrance Test Cell, Maharashtra, for admission to MBA courses in various institutes in the state of Maharashtra.
XAT: XAT(Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur, for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the toughest MBA entrance exams among its peers, XAT requires dedicated time and effort.
CAT: The Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude. The preparation for the CAT exam should include phase-wise completion of the CAT syllabus, mock test practice, and revision.

Top MBA colleges in Maharashtra

IIM Mumbai (formerly known as NITIE)
IIT Bombay
Symbiosis Institute of Business Management
SPJIMR
NMIMS
Welingkar Institute of Management
KJ Somaiya Institute of Management

What are the top Private MBA colleges in Maharashtra?

Private Colleges	Total Tuition Fee/Seat Intake	Entrance Exams/Eligibility Criteria
NMIMS School of Business Management Admission	INR 8 lakh – INR 24 lakh Seats: 990	Entrance Exam: NMAT Graduation with 55% aggregate
Symbiosis Institute of Business Management Admission	INR 16 lakh – INR 22 lakh Seats: 282	Entrance Exam: SNAP Graduation with 50% aggregate
S.P. Jain Institute of Management and Research Admission	INR 20 lakh – INR 22 lakh Seats: 780	Entrance Exam: CAT Graduation with 50% aggregate
National Insurance Academy Admission	INR 9 lakh	Entrance Exam: CAT, CMAT Graduation with 50% aggregate
Pune Institute of Business Management Admission	INR 7 lakh – INR 30 lakh Seats: 1,140	Entrance Exams: CAT, XAT, MAT, CMAT, MAH CET Class 12 and Graduation with 50% aggregate

What are the top Govt. MBA colleges in Maharashtra?

Public/Government Colleges	Total Tuition Fee/Seat Intake	Entrance Exams/Eligibility Criteria
IIM Mumbai (formerly known as NITIE Admission	INR 9 lakh Seats: 338	Entrance Exams: CAT, GATE Graduation with 60% aggregate
IIM Nagpur Admission	INR 18 lakh	Entrance Exam: CAT Graduation with 50% aggregate
UNIPUNE - Savitribai Phule Pune University Admission	INR 1 lakh Seats: 20,774	Entrance Exams: MAH CET, CAT, CMAT, MAT, XAT, etc. Class 12 and Graduation with 50% aggregate
University of Mumbai Admission	INR 2 lakh Seats: 8,728	Entrance Exams: MAH CET, CAT, CMAT, MAT, XAT, etc. Class 12 with 60% and Graduation with 50% aggregate
Shailesh J. Mehta School of Management Admission	INR 8 lakh – INR 20 lakh Seats: 172	Entrance Exams: CAT, JEE Main, JEE Advanced Graduation with 60% aggregate

What are the top Semi-Govt. MBA colleges in Maharashtra?

The table below shows the public-private best MBA colleges in Maharashtra list along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

Public-Private Colleges	Total Tuition Fee/Seat Intake	Entrance Exams/Eligibility Criteria
National Institute of Bank Management Admission	INR 14 lakh Seats: 180	Entrance Exams: CAT, XAT, CMAT Graduation with 50% aggregate
NICMAR University Admission	INR 6 lakh – INR 20 lakh Seats: 1,080	Entrance Exams: CUET, CUET-PG Class 12 with 60% aggregate and graduation with 50% aggregate
J.M.Patel Arts, Commerce and Science College Admission	INR 95,000 Seats: 60	Entrance Exams: CAT, XAT, MAT, GMAT, etc. Graduation with 50% aggregate
Pratap College Admission	INR 28,000 Seats: 60	Pass in Graduation