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Top 10 MBA Colleges in Maharashtra: Concerned about finding the best MBA college in Maharashtra? You’ve come to the right place! Yes, if you’re having trouble deciding on the best MBA college in Maharashtra for you, we’re here to help. We provide a list of MBA colleges in Maharashtra, as well as information such as eligibility requirements, admission procedures, and so on. To make an informed decision, candidates can review the list of top 10 MBA colleges in Maharashtra.

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Check out the list of top MBA colleges in Maharashtra based on NIRF rankings. Students can also look at the list of entrance exams accepted by the best MBA colleges in Maharashtra, as well as the MBA specializations offered by them. Check out this page for a comprehensive list of the Top 10 MBA colleges in Maharashtra.

MBA Colleges in Maharashtra List Overview

Below is given a brief overview of the MBA colleges in Maharashtra:

Number of MBA Colleges in Maharashtra1004 MBA Colleges 
Type of CollegesPrivate- 949 Colleges
Public/Government- 55 Colleges
Colleges Affiliated toAICTE (All India Institute of Technical Education)
NAAC (National Assessment and Accreditation Council)
UGC (University Grants Commission)
Admission ProcessEntrance exams such as CAT, XAT, MAT, ATMA, MAH MBA CET, and others are commonly used for admission.
Specializations offered by MBA Colleges in MaharashtraGeneral Management 
Financial Services 
International Business 
Retail Management 
Tourism Hospital Administration
Human Resource Management
Average FeesRs 1.0 lakhs- Rs 25 lakhs

Top 10 MBA Colleges in Maharashtra List

Every year, the MHRD (now the Education Ministry) publishes the NIRF ranking of the country’s colleges based on various parameters. Candidates looking for the best MBA colleges in Maharashtra should use the NIRF rankings to narrow down their options.

NIRF, or National Institutional Ranking Framework, is the most credible and government-sponsored ranking agency in India for colleges and universities. A list of the Top 10 MBA Colleges in Maharashtra, as ranked by NIRF Ranking 2022, is provided below. This year, the National Institute of Industrial Engineering was named the best MBA college in Maharashtra by NIRF rankings in 2022.

  • Shailesh J. Mehta School of Management-IIT Bombay, SPJIMR Mumbai, SIBM Pune, and the Indian Institute of Management-Nagpur are among the other top entrants on the list.
  • IIT Bombay has dropped from first to second place in Maharashtra’s management college rankings.
  • SIBM Pune is yet another top MBA college in Maharashtra that has improved its ranking this year. It has risen to 17th place from 20th last year.

Check out the top 10 MBA colleges in Maharashtra based on NIRF rankings.

Name of the CollegeNIRF RankNIRF management ranking Score
Indian Institute of Technology Bombay1165.5
National Institute of Industrial Engineering1262.87
S. P. Jain Institute of Management and Research (SPJIMR, Mumbai)1856.98
Symbiosis Institute of Business Management2255.82
SVKM’s Narsee Monjee Institute of Management Studies2455.44
Indian Institute of Management, Nagpur4047.38
K. J. Somaiya Institute of Management Studies & Research4645.50
Institute of Management Technology, Nagpur6044.71
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development6344.02
Principal L N Welingkar Institute of Management Development and Research6843.40

Top MBA Colleges in Maharashtra List: Eligibility Criteria

All candidates seeking admission to the top MBA colleges in Maharashtra must meet the eligibility requirements established by these institutions. Candidates should check the minimum eligibility criteria set by the list of MBA colleges in Maharashtra before applying, as no candidate will be considered for final admission if the minimum criteria are not met. The following are the basic eligibility requirements for admission to the MBA colleges in Maharashtra.

  • Candidates must have earned the required aggregate percentage of marks in their relevant undergraduate degree.
  • The minimum percentage required in the qualifying exam varies by the institute.
  • In addition, candidates must pass the college’s required entrance exam.

Top 10 MBA Colleges in Maharashtra Eligibility Criteria

The following are the basic eligibility requirements for admission to the top 10 MBA colleges in Maharashtra.

Name of the CollegeEligibility Criteria
Indian Institute of Technology BombayCandidates must have a Bachelor’s or Master’s degree from a UGC-accredited university with a minimum of 60% (55% for SC/ST).
Candidates must have current CAT scores.
Symbiosis Institute of Business ManagementApplicants must be graduates of a recognized university with a minimum of 50%.
A minimum of 45% is required for SC/ST students.
(Students in their final year of study may also apply.)
IIM NagpurBachelor’s degree and CAT score that exceeds the cutoff (domestic)
OR Undergraduate degree (minimum 3-year degree) from an AIU-accredited university with at least 50% marks or equivalent GPAA
valid GMAT score of at least 600 is required (overseas)

MBA Colleges in Maharashtra Entrance Exams

Candidates seeking admission to the best MBA colleges in Maharashtra must pass the relevant entrance exam in order to be considered for admission. CAT, XAT, MAT, CMAT, GMAT, ATMA, MAH MBA CET, IBSAT, NPAT, SNAP, and other entrance exams are accepted by top MBA colleges in Maharashtra. Check out the list of entrance exams accepted by Maharashtra’s best MBA colleges here.

Common Aptitude Test (CAT)

The CAT is an online exam used to gain admission to various postgraduate and fellow programmes at IIMs. The questions on the entrance exam are divided into three sections: Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Ability (QA).

Here is a list of the top MBA colleges in Maharashtra that accept CAT scores for admission:

  • NITIE Mumbai
  • SJMSOM IIT Bombay – Shailesh J Mehta School of Management Indian Institute of Technology
  • SPJIMR, Mumbai
  • IIM Nagpur 
  • KJ Somaiya SIMSR

Management Aptitude Test (MAT)

The All India Management Association (AIMA) administers the Management Aptitude Test (MAT), a national-level MBA entrance exam. It is a four-time-a-year entrance exam held in February, May, September, and December.

Maharashtra’s Best MBA Colleges Acceptance of MAT Scores

  • SPJIMR, Mumbai
  • Welingkar Mumbai – Prin LN Welingkar Institute of Management Development and Research
  • BIMM Pune 
  • Pune Institute of Business Management, Pune

MAH MBA CET

Every year, a state-level entrance exam is held for admission to MBA and MMS programs offered by participating institutes. MAH MBA CET is a computer-based exam.

MAH MBA CET Scores Accepted by Top MBA Colleges in Maharashtra

  • JBIMS Mumbai
  • KJ Somaiya SIMSR
  • Welingkar Mumbai – Prin LN Welingkar Institute of Management Development and Research
  • BIMM Pune – Balaji Institute of Modern Management

Top MBA Colleges in Maharashtra: Admission Process

In Maharashtra, there are 573 MBA colleges, 517 of which are private and 56 of which are public. Admission to the top MBA colleges in Maharashtra is primarily done through top MBA entrance exams such as NMAT, XAT, CAT, and others.

  • Most colleges choose students based on four factors: an entrance exam, a written ability test, a group discussion (GD), and a personal interview (PI).
  • Along with an aptitude test, some colleges hold additional rounds such as speaking events or an extempore speech round.

Hope you found this article on the Top 10 MBA Colleges in Maharashtra helpful.

Top 10 MBA Colleges in Maharashtra FAQs

What are the MBA tuition fees in Mumbai?

Mumbai has the highest concentration of top MBA colleges in India. The average fee for an MBA from one of these colleges is INR 7 lakh.

Is an MBA entrance exam required in Maharashtra?

Yes, the majority of the top-ranked and best MBA colleges in Maharashtra offer solely based on the results of national, state, or university-level entrance exams. CAT, GMAT, MAT, SNAP, MAH CET, and other popular entrance exams are accepted by the best MBA colleges in Maharashtra.

What are the best marketing MBA colleges in Maharashtra?

Some of the best MBA colleges in Maharashtra for Marketing are Symbiosis Institute of Business Management – [SIBM] Pune, K J Somaiya Institute of Management Mumbai, and Institute of Management Technology – [IMT] Nagpur.

Which government MBA college in Maharashtra is the best?

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

Which private MBA college in Maharashtra is the best?

According to NIRF rankings, the best private MBA college in Maharashtra is SPJIMR in Mumbai.

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