Top MBA Colleges in Maharashtra 2025

Known for housing over 700+ MBA colleges in India, Maharashtra continues to attract thousands of students each year with its expert faculty and stellar placement records. For instance, the Indian Institute of Management Mumbai, ranked 6th among the top MBA colleges in India in 2024 (NIRF), offers one of the most sought-after MBA programs in the country. 

This article explores the leading MBA colleges in Maharashtra, shedding light on the fees, admission criteria, entrance exams, rankings, and placement opportunities they offer. 

By the end of this blog, you will know:

1. The fees and admission criteria for the top MBA colleges in Maharashtra in 2025.

2. The key entrance exams for securing a seat in a top-tier MBA program and popular MBA specialisations that are available.

3. The placement opportunities and salary trends from MBA colleges in Maharashtra help you make an informed choice about your career path. 

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Top MBA Colleges in Maharashtra: Key Highlights

Here’s a table summarising the key aspects of some of the top MBA colleges in Maharashtra, including their fees, admission criteria, and entrance exams.

Discover everything you need to know about Entrance Exams for MBA in India 2024-25: Dates, Fees, and Eligibility – the key to unlocking your dream business school! 

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Top MBA Colleges in Maharashtra Based on Recent NIRF Rankings

The National Institutional Ranking Framework (NIRF) is one of the most widely recognised rankings in India.

Notably, the Indian Institute of Management Mumbai made a significant entry in 2024, ranking 6th.

Take a look at the table below highlighting the top MBA colleges in Maharashtra and their NIRF rankings.

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Admission Criteria For Top MBA Colleges in Maharashtra 2025

When it comes to pursuing an MBA in Maharashtra, understanding the admission criteria is crucial for making the right choice. Each of the leading MBA colleges in the state has its own set of eligibility requirements, entrance exams, and selection processes.

Here’s the general eligibility criteria for top MBA colleges in Maharashtra:

Academic Qualifications

Must have a 3-year bachelor’s degree from a recognised university in any stream.

Minimum Marks Requirement

Generally, a minimum of 50% in the undergraduate degree (45% for SC/ST candidates).

Work Experience

Preferred by some colleges, especially top-tier ones; requirements vary by institution.

Entrance Exams Accepted

Common exams include CAT, GMAT, XAT, SNAP, CMAT, MH-CET, ATMA, and some institution-specific tests.

Age Limit

No fixed age limit; it varies depending on the college.

Group Discussion and Interview

Most colleges require candidates to clear these rounds after the entrance exam as part of the final selection.

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No Collateral Required. Approval Based on Student Potential. Check Your Eligibility

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Entrance Exam Dates For Top MBA Colleges in Maharashtra 2025

For aspirants looking to pursue an MBA in Maharashtra, several entrance exams are widely accepted.

These include the CAT, CMAT, MAT, XAT, and MAH CET exams. 

The table below highlights the MBA entrance exam dates for 2025.

Planning to take the MAH MBA CET 2025? Get ahead of the curve with our MAH MBA CET Syllabus 2025 – packed with detailed section-wise topics to help you ace the exam! 

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Entrance Exams Accepted by Top MBA Colleges in Maharashtra

For those targeting top-tier institutions, scoring well on the right entrance exam is essential. The table below explores the entrance exams accepted by the leading MBA colleges in Maharashtra.

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List of Top 10 MBA Colleges in Maharashtra

Maharashtra is home to India’s financial capital, Mumbai, offering unparalleled networking and internship opportunities. From public institutions like JBIMS to private ones like SIBM, the state has something for every MBA aspirant.

Here’s a concise list of top MBA colleges in Maharashtra, along with their seat intake.

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List of Top MBA Colleges in Maharashtra Through CET

The Maharashtra Common Entrance Test (CET)  is a state-level exam that acts as an entry to some of the best management colleges in Maharashtra.

These institutes offer a range of management programs with fees varying from affordable options like Savitribai Phule Pune University Sub Centre to premium institutes like JBIMS and COEP.

The table below shows the Top MBA colleges in Maharashtra through CET with fee structure and CET 2024 cutoff.

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Wondering how your MBA CET marks translate to percentile? Dive into our MBA CET Marks vs Percentile guide to uncover the secrets of calculating your score and boosting your chances of admission!

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Top Private MBA Colleges in Maharashtra 2025

Private MBA colleges in Maharashtra often collaborate with leading industries to provide you with real-world exposure, enhancing your employability and skills.Fees vary widely, ranging from around INR 9 lakh at Pune Institute of Business Management to up to INR 25 lakh at NMIMS School of Business Management. 

Here’s a list of some of the top private MBA colleges in Maharashtra that you can apply to.

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Top Government MBA Colleges in Maharashtra 2025

Government MBA colleges in Maharashtra often rank among the best in India.

IIM Mumbai and IIM Nagpur charge INR 14-19 lakh (CAT required), while Savitribai Phule Pune University offers affordable fees around INR 1 lakh.

The table below highlights some of the top Government MBA colleges in Maharashtra.

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Top Semi-Government MBA Colleges in Maharashtra 2025

Semi-government MBA colleges in Maharashtra offer a unique blend of affordability and quality education, making them an attractive choice for aspiring management professionals. 

Listed below are some of the leading semi-government MBA colleges in Maharashtra for 2025.

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Leading MBA Colleges in Pune 2025

Pune, often referred to as the "Oxford of the East," is home to over 200+ MBA colleges.

Some of the top MBA institutes in Pune include Bharati Vidyapeeth University (IMED), Symbiosis Institute of Business Management (SIBM), and SCMHRD

Here is a list of some of the best MBA colleges in Pune, along with their seat intake.

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Top MBA Colleges in Mumbai 2025

Top institutes like IIT Bombay’s Shailesh J. Mehta School of Management, IIM Mumbai (NITIE), and SP Jain Institute of Management provide diverse programs with tuition fees ranging from INR 3 lakh to INR 24 lakh.

Here’s a list of the best MBA colleges in Mumbai that offer top-notch education and excellent career prospects.

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Top MBA Colleges in Nagpur 2025

Nagpur, a growing educational hub in Maharashtra, is home to top MBA colleges such as IIM, IMT, and SIBM Nagpur, with fees ranging from INR 2 lakh to INR 18 lakh.

Below is a list of some of the top MBA colleges in Nagpur that stand out for their academic excellence and career opportunities. 

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Leading Distance MBA Colleges in Maharashtra 

Popular distance MBA colleges include Symbiosis Centre for Distance Learning, with fees around INR 50,000, and Mumbai University's Institute of Distance and Open Learning charging between INR 19,000 and INR 1 lakh.

Here’s a list of some of the best distance MBA colleges in Maharashtra, along with their fee details.

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Leading Online MBA Colleges in Maharashtra 

Online MBA programs in Maharashtra offer flexible learning for professionals, with top colleges like SPJIMR, Welingkar, and Amity charging fees starting from INR 61,000. 

Here’s a list of some of the leading Online MBA Colleges in Maharashtra.

Note: For the latest fee structure and other details, please refer to the official websites of the respective colleges to ensure accuracy.

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Best MBA Colleges in Maharashtra with Fees and Salary 

While the tuition fees can be quite high, ranging from around INR 10 lakh to 24 lakh, graduates often secure impressive average annual packages between INR 3 lakh and 54 lakh

Here’s a look at the fee structure of some top MBA colleges in Maharashtra and a comparison to the average salaries that graduates can expect.

Check out our MBA Salary in India with Specialisation-wise Breakup 2024 and see how your future could shape up with the right MBA degree! Don’t miss out on this crucial insight before making your big decision.

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Top Placement Packages Offered by Leading MBA Colleges in Maharashtra

The highest salary package during IIM Mumbai's 2024 placements reached INR 54 LPA, reflecting the strong demand for graduates from this top-tier business school. 

The table below highlights the highest placement packages offered by top MBA colleges in Maharashtra and leading recruiters.

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List of Affordable MBA Colleges in Maharashtra

Colleges like Welingkar Mumbai and Indira Institute of Management provide budget-friendly options without compromising on educational standards.

Here’s a list of affordable MBA colleges in Maharashtra with fees of less than INR 1 lakh.

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Popular Specialisations Offered By MBA Colleges in Maharashtra

From traditional fields like Marketing and Finance to newer, emerging sectors like Business Analytics and Digital Marketing, Maharashtra’s top MBA colleges ensure that you receive a well-rounded education tailored to your chosen field.

Here’s a table highlighting some of the most popular MBA specialisations available at top MBA colleges in Maharashtra.

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Top MBA Colleges in Maharashtra Offering Marketing Specialisations

Some of the leading colleges offering an MBA in Marketing include SP Jain Institute of Management and Research, NMIMS Mumbai, and Symbiosis Institute of Business Management in Pune, among others 

Listed below are some of the top MBA colleges in Maharashtra that excel in offering marketing specialisations.

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Top 10 MBA Colleges in Maharashtra Offering MBA in Finance

An MBA in Finance is one of the most sought-after specialisations in Maharashtra due to its high career prospects and competitive salaries. 

Leading colleges like SJMSOM (IIT Bombay), SPJIMR, NMIMS, and SIBM Pune are among the top choices for aspiring finance professionals.

With institutions like IIM Mumbai, SPJIMR, and Symbiosis Institute of Business Management, students are positioned to access world-class education, excellent industry connections, and high-paying job opportunities. With thorough research and preparation, you can select a college that aligns with your career ambitions, ensuring a bright future ahead.

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