Top MBA/PGDM Colleges in Maharashtra 2026

Maharashtra, one of India’s most industrialized and education-focused states, is home to several prestigious MBA and PGDM institutions. With Mumbai, Pune, and Nagpur as major education hubs, the state offers a vibrant ecosystem for business and management studies. Students benefit from strong corporate tie-ups, highly experienced faculty, diverse specialization options, and high placement records.

This detailed guide lists the best MBA/PGDM colleges in Maharashtra for 2026, covering fees, specializations, top recruiters, placement packages, entrance exams, hostel fees, and more.

Top MBA/PGDM Colleges in Maharashtra – Overview

College Name	Type	Affiliation	Approx Fees (2 Years)	Accreditation
JBIMS, Mumbai	Government	University of Mumbai	₹6 Lakh	AICTE, NAAC, UGC
SPJIMR, Mumbai	Private	Deemed-to-be University	₹19 Lakh	AACSB, AICTE, NBA
Symbiosis Institute of Business Management (SIBM), Pune	Private	Symbiosis International Univ.	₹22 Lakh	NAAC A++, UGC, AICTE
NMIMS School of Business, Mumbai	Private	NMIMS Deemed University	₹21 Lakh	AACSB, NAAC A+
K J Somaiya Institute of Management, Mumbai	Private	Somaiya Vidyavihar University	₹18 Lakh	AICTE, NBA, SAQS
Welingkar Institute (WeSchool), Mumbai	Private	University of Mumbai	₹13 Lakh	AICTE, NBA
PUMBA (Dept. of Management, Pune Univ.)	Government	Savitribai Phule Pune University	₹1.5 Lakh	AICTE, NAAC A+
MIT-WPU, Pune	Private	MIT World Peace University	₹8 – ₹10 Lakh	AICTE, UGC
Balaji Institute of Modern Management (BIMM), Pune	Private	Sri Balaji University	₹8.6 Lakh	AICTE, UGC
Dr. D.Y. Patil B-School, Pune	Private	Dr. D.Y. Patil University	₹7 – ₹9 Lakh	AICTE, UGC

Specializations Offered

College	Specializations Offered
JBIMS	Finance, Marketing, Operations, HR
SPJIMR	Marketing, Finance, Ops, Information Mgmt, Gen Mgmt
SIBM Pune	Marketing, HR, Finance, Ops, Innovation & Entrepreneurship
NMIMS Mumbai	Business Analytics, Marketing, HR, Finance, Ops
K J Somaiya	Finance, IB, Data Science, HR, Marketing
Welingkar	Retail, E-Business, Healthcare, Media & Entertainment
PUMBA	MBA (General), Pharma Management

Government vs Private – Admission & Value

Feature	Government Colleges (JBIMS, PUMBA)	Private Colleges (SPJIMR, NMIMS, etc.)
Entrance Required	Yes (MAH-CET, CAT)	Yes (CAT, NMAT, SNAP, XAT, etc.)
Scholarships	Limited	Yes (Merit + Need-based)
Fees	Low	Moderate to High
Placement ROI	Very High	High (Top private colleges)
Global Exposure	Limited	High (Global tie-ups & exchange programs)

Hostel Facilities & Fees

College	Hostel Fees (Annual)	Amenities Offered
JBIMS	₹60,000 – ₹80,000	Shared Rooms, Mess, Wi-Fi
SPJIMR	₹1.5 – ₹2 Lakh	AC Rooms, 24x7 Wi-Fi, Gym, Library
SIBM Pune	₹1.5 – ₹2 Lakh	AC/Non-AC, Gym, Cafeteria, Security
NMIMS Mumbai	₹1.8 – ₹2.2 Lakh	AC Rooms, Wi-Fi, Laundry, 24x7 Security
K J Somaiya	₹1.2 – ₹1.5 Lakh	Shared & Individual Rooms, Mess, Wi-Fi
Welingkar	₹1 – ₹1.3 Lakh	Mess, Gym, Wi-Fi, Study Lounges
PUMBA	₹60,000 – ₹80,000	Basic Shared Rooms, Mess, Wi-Fi

Admission Pathways & Entrance Exams

College	Admission Criteria	Exams Accepted
JBIMS	Merit + Counseling via DTE	MAH-CET, CAT
SPJIMR	Profile + Entrance + PI	CAT, XAT
SIBM Pune	SNAP + GEPI	SNAP
NMIMS Mumbai	NMAT + Case Discussion + Interview	NMAT
K J Somaiya	Entrance + SOP + PI	CAT, XAT, CMAT, NMAT
Welingkar	Entrance + GDPI	CAT, XAT, CMAT, ATMA
PUMBA	CET Score + CAP Round	MAH-CET, CAT

FAQs

1. Which is the top MBA college in Maharashtra?
SPJIMR, Mumbai, ranks among the top 10 MBA colleges in India and is considered the best private MBA institute in Maharashtra.

2. Is JBIMS better than NMIMS?
Yes, JBIMS offers better ROI with lower fees and excellent placements, especially in finance.

3. Can I get direct admission to MBA colleges in Maharashtra?
Top colleges do not offer direct admission. Some private institutions may allow admission based on graduation marks or their own test.

4. What is the average MBA fee in Maharashtra?
It ranges from ₹1.5 Lakh (PUMBA) to ₹22 Lakh (SIBM Pune/NMIMS).

5. Do colleges provide scholarships?
Yes, especially private institutes like SPJIMR, NMIMS, and SIBM offer scholarships based on merit, need, or category.

6. Which MBA specialization is most in demand?
Marketing, Finance, Business Analytics, and HR are most sought after with strong placement records.

7. Is hostel accommodation mandatory?
Not mandatory, but recommended for outstation students for convenience.

Conclusion

Maharashtra is home to some of the most prestigious and industry-aligned MBA/PGDM institutions in India. Whether you're aiming for a high-ROI government college like JBIMS or a globally ranked private institution like SPJIMR or NMIMS, the state offers a wealth of options for aspiring managers. Consider factors like entrance exam eligibility, specialization, fee structure, and placement stats before choosing the right fit.

Career Tip: Build your profile early, prepare for aptitude exams, and focus on internships & projects that align with your MBA goals.

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