Top MBA Colleges in Maharashtra
Maharashtra boasts many of India’s best MBA schools, such as IIM Nagpur, JBIMS, SPJIMR, and Symbiosis International. These B-schools have high academic standards, robust industry links, and good placements. Here are the list of some Top MBA Colleges in Maharashtra.
Top MBA Colleges in Maharashtra – NIRF 2024 Ranking
| Rank (NIRF) | College Name | Location | NIRF Score |
| 20 | SPJIMR (S.P. Jain Institute) | Mumbai | 61.92 |
| 21 | Symbiosis Institute of Business Mgmt (SIBM) | Pune | 61.76 |
| 24 | NMIMS (School of Business Management) | Mumbai | 60.31 |
| 43 | IIM Nagpur | Nagpur | 55.1 |
| 45 | Department of Management Sciences (PUMBA) | Pune | 54.88 |
| 51–75 | KJ Somaiya Institute of Management | Mumbai | – |
| 76–100 | MIT World Peace University (MIT-WPU) | Pune | – |
Top MBA Colleges in Maharashtra – Fees Structure (Approx.)
| College Name | Total Fees (INR) | Duration |
| SPJIMR Mumbai | ₹20.42 Lakhs | 2 Years |
| SIBM Pune | ₹24.59 Lakhs | 2 Years |
| NMIMS Mumbai | ₹23.90 Lakhs | 2 Years |
| IIM Nagpur | ₹18.90 Lakhs | 2 Years |
| KJ Somaiya Mumbai | ₹18.78 Lakhs | 2 Years |
| JBIMS Mumbai (MMS) | ₹6.00 Lakhs | 2 Years |
| PUMBA Pune | ₹1.30 Lakhs | 2 Years |
| MIT-WPU Pune | ₹7.50 Lakhs | 2 Years |
Top MBA Colleges in Maharashtra – Average Placement Package
| College Name | Average Package (INR) | Highest Package (INR) |
| SPJIMR Mumbai | ₹33.02 LPA | ₹81 LPA (International) |
| SIBM Pune | ₹23.01 LPA | ₹35.05 LPA |
| NMIMS Mumbai | ₹18.45 LPA | ₹67.80 LPA |
| IIM Nagpur | ₹16.74 LPA | ₹64 LPA |
| KJ Somaiya Mumbai | ₹12.28 LPA | ₹25 LPA |
| JBIMS Mumbai | ₹14.30 LPA | ₹35 LPA |
| PUMBA Pune | ₹7.20 LPA | ₹18 LPA |
| MIT-WPU Pune | ₹6.50 LPA | ₹12.50 LPA |
MBA Entrance Exams Accepted
| College Name | Exams Accepted |
| SPJIMR Mumbai | CAT, GMAT |
| SIBM Pune | SNAP |
| NMIMS Mumbai | NMAT by GMAC |
| IIM Nagpur | CAT |
| KJ Somaiya Mumbai | CAT, XAT, CMAT, NMAT |
| JBIMS Mumbai | MAH MBA CET, CMAT, CAT |
| PUMBA Pune | MAH MBA CET |
| MIT-WPU Pune | MAH MBA CET, CAT, MAT, CMAT |
Specializations Offered at Top MBA Colleges in Maharashtra
| College Name | Popular Specializations Offered |
| SPJIMR | Finance, Marketing, Operations, Information Mgmt, General Mgmt |
| SIBM Pune | Marketing, HR, Finance, Operations, Data Analytics |
| NMIMS Mumbai | Finance, HR, Marketing, Business Analytics, Strategy |
| IIM Nagpur | General MBA, Analytics, Strategy |
| KJ Somaiya | Healthcare, Finance, Retail, Sports Mgmt, HR, Marketing |
| JBIMS | Finance, Operations, Systems, Marketing |
| PUMBA | General MBA with dual specialization |
| MIT-WPU | International Business, Agri-Business, Marketing, HR |
Ownership Type & Accreditation at Maharashtra Colleges
| College Name | Type | Accreditation/Approvals |
| SPJIMR | Private | AICTE, AMBA |
| SIBM Pune | Private | NAAC A++, UGC, SIU |
| NMIMS Mumbai | Deemed | NAAC A+, UGC, AICTE |
| IIM Nagpur | Govt | IIM Act, Govt of India |
| KJ Somaiya | Private | AICTE, NBA, AACSB (Candidate) |
| JBIMS | Govt | AICTE, DTE Maharashtra |
| PUMBA | Govt | AICTE, NAAC A+ (University) |
| MIT-WPU | Private | UGC, AICTE |
Location and Campus Size
| College Name | City | Campus Size (Acres) |
| SPJIMR | Mumbai | 45 Acres |
| SIBM Pune | Pune | 300 Acres (Lavale) |
| NMIMS Mumbai | Mumbai | 8 Acres (Urban) |
| IIM Nagpur | Nagpur | 132 Acres |
| KJ Somaiya | Mumbai | 65 Acres |
| JBIMS | Mumbai | Urban (South Mumbai) |
| PUMBA | Pune | 414 Acres (Univ. Campus) |
| MIT-WPU | Pune | 100+ Acres |
Cutoff Percentiles (2024–2025 Admission Cycle)
| College Name | Exam | Cutoff (General Category) |
| SPJIMR | CAT/GMAT | 85–92 CAT (Profile-Based) |
| SIBM Pune | SNAP | 97+ percentile |
| NMIMS Mumbai | NMAT | 235–245 Score |
| IIM Nagpur | CAT | 90+ percentile |
| KJ Somaiya | CAT/XAT/CMAT | 85–90 percentile |
| JBIMS | MAH CET | 99.9 percentile |
| PUMBA | MAH CET | 96+ percentile |
| MIT-WPU | MAH CET | 80+ percentile |
Conclusion:
Maharashtra boasts a diverse ecosystem of MBA colleges from state-sponsored IIMs and JBIMS to high-end private B-schools such as SPJIMR and SIBM. Based on your score, affordability, and professional aspirations, you can find great choices in and around Mumbai, Pune, and Nagpur.
FAQs
1.Which is the best MBA college in Maharashtra?
The best government MBA school in Maharashtra is the Indian Institute of Management (IIM) Nagpur, while the top private/autonomous institutions are SPJIMR Mumbai, NMIMS Mumbai, and JBIMS Mumbai.
2.What entrance exams are accepted by MBA colleges in Maharashtra?
The majority of Maharashtra’s best MBA schools accept the MAH MBA CET, CAT, XAT, NMAT, and CMAT.
- CAT at IIM Nagpur
- NMAT – NMIMS
- PUMBA-MAH MBA CET, SIMSREE, JBIMS
- CAT, XAT, and GMAT SPJIMR
3.Is MAH MBA CET enough for admission to top MBA colleges?
Yes, JBIMS, SIMSREE, PUMBA, and more than 300 B-schools throughout Maharashtra accept the MAH MBA CET. You can gain admission to prestigious state-run universities with high ROI by scoring highly.
4.What are the average placement packages at top MBA colleges in Maharashtra?
- IIM Nagpur: ₹64 LPA (highest), ₹16.7 LPA (average)
- SPJIMR Mumbai: ₹33 LPA (average)
- The average LPA at NMIMS Mumbai is ₹14.2.
- JBIMS Mumbai: ₹27.6 LPA (average)
- PUMBA/SIMSREE: ₹6–10 LPA (average)
5.Which MBA colleges in Maharashtra offer the best ROI?
The best return on investment (ROI) is provided by JBIMS Mumbai, SIMSREE, and PUMBA because of their affordable fees (~₹2 Lakh) and comprehensive placement packages.
