SPJIMR Mumbai, TISS Mumbai, IIM Mumbai, IIT Bombay, and JBIMS Mumbai are the best MBA colleges in Maharashtra. SPJIMR Mumbai leads with a CD Score of 869 out of 1000, followed by TISS Mumbai at 833 and IIM Mumbai at 829.
Key Summary
Fees
Government50.00 K (SPPU Pune) to 25.50 Lakh (IIM Mumbai)
Private88.53 K (TISS Mumbai) to 42.47 Lakh (SPJSGM Mumbai)
Top by CD ScoreSPJIMR Mumbai (869), TISS Mumbai (833), IIM Mumbai (829)
Placements
Average/Median Package10.84 LPA (SPPU Pune) to 34.00 LPA (IIM Mumbai)
Highest PackageJBIMS Mumbai (80.00 LPA), SPJSGM Mumbai (78.09 LPA), SPJIMR Mumbai (75.00 LPA)
Best ROITISS Mumbai (3240.71%), SPPU Pune (2168.00%), JBIMS Mumbai (381.00%)
Admission
ExamsMAH CET (338), CAT (249), CMAT (231), MAT (189)
Colleges581 private, 64 government
Executive MBA60 colleges
Options
Top SpecialisationsFinance (268), Marketing (249), HR (241)
Part-time / Distance37 colleges / 10 colleges
Online / Women-only3 colleges / 10 colleges
MBA Colleges in Maharashtra 2026
| Rankings in Maharashtra | College Name | Total Course Fees (INR) | CD Score (Out of 1000) | Average/Median Package | MBA Cutoff (General) |
|---|---|---|---|---|---|
| 1 | SPJIMR Mumbai | 22.69 Lakh | 869 | 31.50 LPA | 85 CAT %ile |
| 2 | TISS Mumbai | 88.53 K | 833 | 28.69 LPA | 70 CAT %ile |
| 3 | IIM Mumbai | 25.50 Lakh | 829 | 34.00 LPA | 97 CAT %ile |
| 4 | IIT Bombay | 15.55 Lakh | 826 | 26.73 LPA | 90 CAT %ile |
| 5 | JBIMS Mumbai | 7.00 Lakh | 811 | 26.67 LPA | 96 MAH CET %ile |
| 6 | NMIMS Mumbai | 27.03 Lakh | 801 | 20.00 LPA | 96 NMAT %ile |
| 7 | IIM Nagpur | 21.50 Lakh | 710 | 17.04 LPA | 95 CAT %ile |
| 8 | SPJSGM Mumbai | 42.47 Lakh | 704 | 33.72 LPA | - |
| 9 | BITSoM Mumbai | 28.55 Lakh | 704 | 21.00 LPA | - |
| 10 | KJSIM Mumbai | 23.88 Lakh | 661 | 12.00 LPA | 84 CAT %ile |
| 11 | Welingkar Mumbai | 15.04 Lakh | 617 | 11.50 LPA | 80 CAT %ile |
| 12 | SDA Bocconi Mumbai | 20.79 Lakh | 603 | 14.01 LPA | 90 CAT %ile |
| 13 | SIBM Nagpur | 18.21 Lakh | 588 | 12.84 LPA | 55 SNAP %ile |
| 14 | IMT Nagpur | 16.00 Lakh | 562 | 11.96 LPA | 75 CAT %ile |
| 15 | SPPU Pune | 50.00 K | 556 | 10.84 LPA | 85 MAH CET %ile |
Note: The CD Score is the sum of academic and placement scores. The academic scores are calculated based on state exam cutoffs or all-India entrance exam cutoffs, along with student reviews, NAAC rankings, and agency ratings. The Placement Scores are calculated based on the average package, median package, and the number of students placed from each college.
Ques. What is the admission process for MBA colleges in Maharashtra?
Ans. MBA admission in Maharashtra requires a bachelor’s degree in any stream, usually with around 50% marks, and a valid score in MAH CET, CAT, CMAT, MAT, XAT, ATMA, GMAT or NMAT. MAH CET is accepted by 338 colleges in the state and CAT by 249. Shortlisted candidates then clear the selection rounds or CET Cell CAP counselling and confirm their seat.
| Step | What to Do |
|---|---|
| Eligibility | Bachelor’s degree in any stream with around 50% aggregate (varies by college) |
| Entrance Exam | Take MAH CET, CAT, XAT, CMAT, NMAT, SNAP, GMAT or MAT as per the target colleges |
| Application | Apply to each B-school separately before its deadline |
| Selection Rounds | Clear the GD, WAT, PI, group exercise or case analysis |
| Counselling | For state quota seats, register for the CET Cell’s MAH CET CAP rounds |
| Document Verification | Submit marksheets, scorecard, ID proof and category certificate (if applicable) |
| Seat Confirmation | Accept the offer and pay the seat-acceptance fee before the deadline |
Ques. What is the placement scenario at the best MBA colleges in Maharashtra?
Ans. IIM Mumbai records the highest median package among MBA colleges in Maharashtra at 34.00 LPA, followed by SPJSGM Mumbai at 33.72 LPA and SPJIMR Mumbai at 31.50 LPA. JBIMS Mumbai reports the highest single package in the state at 80.00 LPA on a 7.00 Lakh fee, ahead of SPJSGM Mumbai at 78.09 LPA and SPJIMR Mumbai at 75.00 LPA. Outside Mumbai, IIM Nagpur leads at 17.04 LPA with a 73.18 LPA highest package.
Ques. Which MBA colleges in Maharashtra offer the best return on investment?
Ans. TISS Mumbai delivers the best ROI among MBA colleges in Maharashtra at 3240.71%, turning an 88.53 K fee into a 28.69 LPA average package, followed by SPPU Pune at 2168.00% and JBIMS Mumbai at 381.00% on a 7.00 Lakh fee. Among the higher-fee institutes, IIT Bombay returns 171.90% and SPJIMR Mumbai 138.83%.
Ques. Which is the best MBA college in Maharashtra?
Ans. SPJIMR Mumbai is the best MBA college in Maharashtra with a CD Score of 869 out of 1000, a median package of 31.50 LPA and a highest package of 75.00 LPA on a 22.69 Lakh PGDM fee. IIM Mumbai follows at 829 with the state’s highest median of 34.00 LPA, and TISS Mumbai sits between them at 833 with a 28.69 LPA average on the lowest fee of the three.
Ques. Which college is a better choice: SPJIMR Mumbai or IIM Mumbai?
Ans. SPJIMR Mumbai offers a PGDM at 22.69 Lakh with a median package of 31.50 LPA and a highest package of 75.00 LPA. IIM Mumbai offers an MBA at 25.50 Lakh with a median package of 34.00 LPA and a highest package of 71.40 LPA.
| Criteria | SPJIMR Mumbai | IIM Mumbai |
|---|---|---|
| CD Score (Out of 1000) | 869 | 829 |
| Programme | PGDM | MBA |
| Total Fees (INR) | 22.69 Lakh | 25.50 Lakh |
| Average/Median Package | 31.50 LPA | 34.00 LPA |
| Highest Package | 75.00 LPA | 71.40 LPA |
| ROI (%%) | 138.83% | 133.33% |
| NIRF 2025 Rank | 20 | 6 |
| Entrance Exam | CAT, GMAT, XAT | CAT |
Verdict: IIM Mumbai is the better choice for most candidates. It pays 2.50 LPA more at the median, holds NIRF rank 6 against 20 and carries the IIM brand into consulting and operations roles. SPJIMR Mumbai wins for candidates targeting marketing, finance and general management in Mumbai, where its 75.00 LPA ceiling, 2.81 Lakh lower fee and profile-based selection give it the edge.
Ques. Is work experience mandatory for MBA admission in Maharashtra?
Ans. Work experience is not mandatory for the regular two-year MBA, MMS or PGDM at the top MBA colleges in Maharashtra, including SPJIMR Mumbai, IIM Mumbai, JBIMS Mumbai and NMIMS Mumbai, though SPJIMR Mumbai and IIM Mumbai give it weight in the final selection. Executive programmes such as the SPJIMR PGEMP and IIM Mumbai PGPEX require it; the requirement varies by institute and programme.
Ques. Which MBA colleges in Maharashtra need a CAT score above 90 percentile?
Ans. IIM Mumbai sets the highest bar among MBA colleges in Maharashtra at 97 CAT percentile and pays the state’s best median of 34.00 LPA, followed by IIM Nagpur at 95, and IIT Bombay and SDA Bocconi Mumbai at 90. IIT Bombay is the value pick in this band at 15.55 Lakh.
| College Name | CAT Cutoff (General) | Average/Median Package | Total Fees (INR) |
|---|---|---|---|
| IIM Mumbai | 97 CAT %ile | 34.00 LPA | 25.50 Lakh |
| IIM Nagpur | 95 CAT %ile | 17.04 LPA | 21.50 Lakh |
| IIT Bombay | 90 CAT %ile | 26.73 LPA | 15.55 Lakh |
| SDA Bocconi Mumbai | 90 CAT %ile | 14.01 LPA | 20.79 Lakh |
Ques. Which MBA colleges in Maharashtra accept a CAT score of 80–85 percentile?
Ans. SPJIMR Mumbai shortlists from 85 CAT percentile with sectional minimums on top, KJSIM Mumbai calls candidates at around 84 percentile and Welingkar Mumbai at around 80. SPJIMR Mumbai pays the most of the three at 31.50 LPA.
| College Name | CAT Cutoff (General) | Average/Median Package | Total Fees (INR) |
|---|---|---|---|
| SPJIMR Mumbai | 85 CAT %ile | 31.50 LPA | 22.69 Lakh |
| KJSIM Mumbai | 84 CAT %ile | 12.00 LPA | 23.88 Lakh |
| Welingkar Mumbai | 80 CAT %ile | 11.50 LPA | 15.04 Lakh |
The 85 percentile at SPJIMR Mumbai is the shortlisting minimum; final calls depend on academics, work experience and the interview rounds.
Ques. Which MBA colleges in Maharashtra accept a CAT score of 70–75 percentile?
Ans. TISS Mumbai is the strongest option in this band, with a 28.69 LPA average package on a 70 CAT percentile minimum, while IMT Nagpur calls candidates at around 75 CAT percentile for its PGDM.
| College Name | Cutoff (General) | Average/Median Package | Total Fees (INR) |
|---|---|---|---|
| TISS Mumbai | 70 CAT %ile | 28.69 LPA | 88.53 K |
| IMT Nagpur | 75 CAT %ile | 11.96 LPA | 16.00 Lakh |
Candidates must also clear each college’s own GD, WAT or PI round.
Ques. Which MBA colleges in Maharashtra offer admission without CAT?
Ans. JBIMS Mumbai and SPPU Pune admit through MAH CET, NMIMS Mumbai through NMAT, SIBM Nagpur through SNAP, SPJSGM Mumbai and SDA Bocconi Mumbai through GMAT, and IMT Nagpur, Welingkar Mumbai and KJSIM Mumbai accept XAT, CMAT or GMAT alongside CAT. JBIMS Mumbai leads this group at 26.67 LPA on a 7.00 Lakh fee.
| College Name | Exam Accepted | Total Fees (INR) | Average/Median Package |
|---|---|---|---|
| JBIMS Mumbai | MAH CET | 7.00 Lakh | 26.67 LPA |
| SPJSGM Mumbai | GMAT, GRE, SPJAT | 42.47 Lakh | 33.72 LPA |
| NMIMS Mumbai | NMAT | 27.03 Lakh | 20.00 LPA |
| SIBM Nagpur | SNAP | 18.21 Lakh | 12.84 LPA |
| IMT Nagpur | XAT, GMAT, CMAT | 16.00 Lakh | 11.96 LPA |
| Welingkar Mumbai | XAT, CMAT, ATMA, MAH CET | 15.04 Lakh | 11.50 LPA |
| SPPU Pune | MAH CET | 50.00 K | 10.84 LPA |
| SDA Bocconi Mumbai | GMAT, GRE | 20.79 Lakh | 14.01 LPA |
MAH CET alone opens 338 colleges in Maharashtra against CAT’s 249, with JBIMS Mumbai’s General cutoff at around 96 percentile and SPPU Pune’s at 85.
Ques. Which are the main entrance exams for MBA admission in Maharashtra?
Ans. MAH CET is the most widely accepted MBA entrance exam in Maharashtra at 338 colleges, followed by CAT at 249, CMAT at 231 and MAT at 189. XAT, ATMA and GMAT cover the next tier, while NMAT, CUET PG and SNAP admit to specific institutes such as NMIMS Mumbai, TISS Mumbai and SIBM Nagpur.
Ques. Which specialisations are offered by MBA colleges in Maharashtra?
Ans. Finance is the most widely offered MBA specialisation in Maharashtra at 268 colleges, followed by Marketing at 249 and Human Resource Management at 241. Operations Management and Business Analytics complete the top five, and Mumbai’s BFSI base makes Finance the strongest recruiting stream at JBIMS Mumbai, NMIMS Mumbai and KJSIM Mumbai.
| Specialisation | Colleges Offering |
|---|---|
| Finance | 268 |
| Marketing | 249 |
| Human Resource Management | 241 |
| Operations Management | 193 |
| Business Analytics | 125 |
Ques. Why is Maharashtra good for an MBA, and how does it compare with other states?
Ans. Maharashtra has the deepest MBA bench of any state, with five colleges above 800 CD Score and three medians above 31 LPA, and Mumbai’s BFSI, consulting and FMCG headquarters recruit directly from JBIMS Mumbai, SPJIMR Mumbai and NMIMS Mumbai. It also carries the best value in the country: TISS Mumbai returns 3240.71% on an 88.53 K fee and JBIMS Mumbai 381.00% on 7.00 Lakh.
| State | Top 3 Colleges | Best Average/Median Package in Top 3 | Why This State Works |
|---|---|---|---|
| Maharashtra | SPJIMR Mumbai, TISS Mumbai, IIM Mumbai | 34.00 LPA | The finance capital, strongest for investment banking, capital markets and BFSI. MAH CET opens 338 colleges and JBIMS Mumbai pays 26.67 LPA on a 7.00 Lakh fee. |
| Karnataka | IIM Bangalore, NMIMS Bangalore, IISc Bangalore | 35.35 LPA | India’s technology and startup hiring base, with IISc Bangalore delivering 22.50 LPA on a 5.79 Lakh fee. |
| Uttar Pradesh | IIM Lucknow, IMT Ghaziabad, IIT Kanpur | 32.30 LPA | The largest college pool in the country at 616, with Noida and Ghaziabad sitting inside the Delhi NCR recruiter market. |
| Delhi NCR | FMS Delhi, MDI Gurgaon, DMS Delhi | 32.27 LPA | The deepest consulting and FMCG recruiter base, and FMS Delhi delivers 32.27 LPA on a total fee of 3.52 Lakh. |
| Tamil Nadu | DoMS IIT Madras, IIM Trichy, GLIM Chennai | 18.30 LPA | The cheapest route into a ranked MBA, with PSGCT Coimbatore returning 978.26% on a 92 K fee, but the top end sits well below the other four. |
Maharashtra is the only state with more than one college above 33 LPA at the median and a sub-1 Lakh option inside its top three. Karnataka edges it on the single best median through IIM Bangalore, and Delhi NCR matches it on recruiter depth, but neither has an equivalent of JBIMS Mumbai or TISS Mumbai on value.
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Table of Contents
MBA Colleges in Maharashtra with Best ROI and Placements 2026
TISS Mumbai delivers the best ROI among MBA colleges in Maharashtra at 3240.71% on an 88.53 K fee, followed by SPPU Pune at 2168.00% and JBIMS Mumbai at 381.00%. On salary, IIM Mumbai leads the state at 34.00 LPA, ahead of SPJSGM Mumbai at 33.72 LPA and SPJIMR Mumbai at 31.50 LPA, while JBIMS Mumbai posts the highest single package at 80.00 LPA.
| College Name | Total Fees (INR) | Average/Median Package | Highest Package | ROI (%) |
|---|---|---|---|---|
| TISS Mumbai | 88.53 K | 28.69 LPA | 66.00 LPA | 3240.71% |
| SPPU Pune | 50.00 K | 10.84 LPA | 16.22 LPA | 2168.00% |
| JBIMS Mumbai | 7.00 Lakh | 26.67 LPA | 80.00 LPA | 381.00% |
| IIT Bombay | 15.55 Lakh | 26.73 LPA | 53.80 LPA | 171.90% |
| SPJIMR Mumbai | 22.69 Lakh | 31.50 LPA | 75.00 LPA | 138.83% |
| IIM Mumbai | 25.50 Lakh | 34.00 LPA | 71.40 LPA | 133.33% |
| SPJSGM Mumbai | 42.47 Lakh | 33.72 LPA | 78.09 LPA | 79.40% |
| IIM Nagpur | 21.50 Lakh | 17.04 LPA | 73.18 LPA | 79.26% |
| Welingkar Mumbai | 15.04 Lakh | 11.50 LPA | 20.70 LPA | 76.46% |
| IMT Nagpur | 16.00 Lakh | 11.96 LPA | 24.00 LPA | 74.75% |
| NMIMS Mumbai | 27.03 Lakh | 20.00 LPA | 41.28 LPA | 73.99% |
| BITSoM Mumbai | 28.55 Lakh | 21.00 LPA | 32.50 LPA | 73.56% |
| SIBM Nagpur | 18.21 Lakh | 12.84 LPA | 28.38 LPA | 70.51% |
| SDA Bocconi Mumbai | 20.79 Lakh | 14.01 LPA | 40.00 LPA | 67.39% |
| KJSIM Mumbai | 23.88 Lakh | 12.00 LPA | 29.30 LPA | 50.25% |
Government MBA Colleges in Maharashtra 2026
IIM Mumbai, IIT Bombay and JBIMS Mumbai are the best government MBA colleges in Maharashtra. Fees range from 50.00 K at SPPU Pune to 25.50 Lakh at IIM Mumbai, and average/median packages range from 10.84 LPA at SPPU Pune to 34.00 LPA at IIM Mumbai. JBIMS Mumbai is the standout on value, pairing a 7.00 Lakh fee with a 26.67 LPA average and the state’s highest package of 80.00 LPA.
| College Name | Total Fees (INR) | CD Score (Out of 1000) | Average/Median Package |
|---|---|---|---|
| IIM Mumbai | 25.50 Lakh | 829 | 34.00 LPA |
| IIT Bombay | 15.55 Lakh | 826 | 26.73 LPA |
| JBIMS Mumbai | 7.00 Lakh | 811 | 26.67 LPA |
| IIM Nagpur | 21.50 Lakh | 710 | 17.04 LPA |
| SPPU Pune | 50.00 K | 556 | 10.84 LPA |
| NIBM Pune | 17.84 Lakh | 555 | 13.50 LPA |
| COEP Tech Pune | 6.06 Lakh | 515 | - |
| Mumbai University | 70.27 K | - | - |
Private MBA Colleges in Maharashtra 2026
SPJIMR Mumbai, TISS Mumbai and NMIMS Mumbai are the best private MBA colleges in Maharashtra. Fees among them range from 88.53 K at TISS Mumbai to 42.47 Lakh at SPJSGM Mumbai, and average/median packages range from 11.50 LPA at Welingkar Mumbai to 33.72 LPA at SPJSGM Mumbai. SPJIMR Mumbai combines the highest CD Score in the state with a 75.00 LPA ceiling, while TISS Mumbai delivers 28.69 LPA on the lowest fee of the group.
| College Name | Total Fees (INR) | CD Score (Out of 1000) | Average/Median Package |
|---|---|---|---|
| SPJIMR Mumbai | 22.69 Lakh | 869 | 31.50 LPA |
| TISS Mumbai | 88.53 K | 833 | 28.69 LPA |
| NMIMS Mumbai | 27.03 Lakh | 801 | 20.00 LPA |
| SPJSGM Mumbai | 42.47 Lakh | 704 | 33.72 LPA |
| BITSoM Mumbai | 28.55 Lakh | 704 | 21.00 LPA |
| KJSIM Mumbai | 23.88 Lakh | 661 | 12.00 LPA |
| Welingkar Mumbai | 15.04 Lakh | 617 | 11.50 LPA |
| SDA Bocconi Mumbai | 20.79 Lakh | 603 | 14.01 LPA |
| SIBM Nagpur | 18.21 Lakh | 588 | 12.84 LPA |
| IMT Nagpur | 16.00 Lakh | 562 | 11.96 LPA |
Top-Ranked MBA Colleges in Maharashtra by Various Agencies
SPJIMR Mumbai is the top-ranked MBA college in Maharashtra at Collegedunia rank 8 in India, and it also takes IIRF rank 1 and India Today rank 4. IIM Mumbai leads the state in NIRF 2025 at rank 6, ahead of SPJIMR Mumbai at 20 and NMIMS Mumbai at 24, while NMIMS Mumbai and JBIMS Mumbai hold IIRF ranks 5 and 6.
| College Name | CD Ranking | NIRF Ranking | India Today Ranking | IIRF Ranking |
|---|---|---|---|---|
| SPJIMR Mumbai | 8 | 20 | 4 | 1 |
| TISS Mumbai | 12 | - | - | - |
| IIM Mumbai | 13 | 6 | - | - |
| IIT Bombay | - | - | - | 10 |
| JBIMS Mumbai | 16 | - | 19 | 6 |
| NMIMS Mumbai | 18 | 24 | 30 | 5 |
| IIM Nagpur | 33 | 25 | - | 17 |
| SPJSGM Mumbai | 34 | - | - | - |
| BITSoM Mumbai | 35 | - | - | - |
| KJSIM Mumbai | 50 | 65 | 28 | 17 |
| Welingkar Mumbai | 64 | 75 | - | 26 |
| SDA Bocconi Mumbai | 70 | - | - | - |
| SIBM Nagpur | 73 | - | 68 | - |
| IMT Nagpur | 81 | 99 | 45 | 14 |
| SPPU Pune | 87 | - | - | - |
MBA Colleges in Maharashtra: Admission 2026
MAH CET is accepted by 338 MBA colleges in Maharashtra and CAT by 249. The state’s university-affiliated colleges, including JBIMS Mumbai and SPPU Pune, admit through the CET Cell’s centralised CAP rounds, while the autonomous institutes take CAT, NMAT, SNAP, XAT, GMAT or their own tests, followed by WAT, GD and PI rounds. Most regular MBA, MMS and PGDM programmes require graduation with a minimum of 50% marks, subject to programme-specific rules.
| College Name | Exam Accepted | Selection Process |
|---|---|---|
| SPJIMR Mumbai | CAT, GMAT, XAT | Profile-based shortlist, group interview and PI |
| TISS Mumbai | CAT | Online assessment and PI |
| IIM Mumbai | CAT | Academic profile, WAT and PI |
| IIT Bombay | CAT | WAT and PI |
| JBIMS Mumbai | MAH CET, CAT | CET Cell CAP counselling |
| NMIMS Mumbai | NMAT | Case discussion and PI |
| IIM Nagpur | CAT | Academic profile, WAT and PI |
| SPJSGM Mumbai | GMAT, GRE, SPJAT | Application review and interview |
| BITSoM Mumbai | CAT, GMAT, GRE | Profile evaluation and PI |
| KJSIM Mumbai | CAT, XAT, CMAT, GMAT, NMAT | Case study analysis and PI |
| Welingkar Mumbai | CAT, XAT, CMAT, ATMA, GMAT, MAH CET | GD and PI |
| SIBM Nagpur | SNAP | Group exercise, WAT and PI |
| IMT Nagpur | CAT, XAT, GMAT, CMAT | Profile evaluation and PI |
| SPPU Pune | MAH CET | CET Cell CAP counselling |
MBA Colleges in Maharashtra at Low Cutoff Score
SIBM Nagpur accepts the lowest reported score among the top MBA colleges in Maharashtra at 55 SNAP percentile, and TISS Mumbai takes the lowest CAT score at 70 percentile while still paying 28.69 LPA. IMT Nagpur sits at 75 CAT percentile, Welingkar Mumbai at 80, KJSIM Mumbai at 84 and SPJIMR Mumbai at 85. Candidates below these scores can still enter the state’s affiliated colleges through MAH CET.
| College Name | MBA Cutoff (General) | Average/Median Package |
|---|---|---|
| SIBM Nagpur | 55 SNAP %ile | 12.84 LPA |
| TISS Mumbai | 70 CAT %ile | 28.69 LPA |
| IMT Nagpur | 75 CAT %ile | 11.96 LPA |
| Welingkar Mumbai | 80 CAT %ile | 11.50 LPA |
| KJSIM Mumbai | 84 CAT %ile | 12.00 LPA |
| SPJIMR Mumbai | 85 CAT %ile | 31.50 LPA |
Cheapest MBA Colleges in Maharashtra with Low Fees 2026
Shivaji University Kolhapur (SUK Kolhapur) has the lowest fee among management programmes in Maharashtra at 2.53 K for its PG Diploma in Foreign Trade, followed by Hansraj Jivandas Mumbai at 5.00 K and Dnyanopasak Shikshan Mandal’s College Parbhani (DSM-CACS Parbhani) at 5.58 K. SPPU Pune is the cheapest state university on the list at 5.85 K, and every programme here is a PG diploma or PGDM rather than a full MBA.
| College Name | Programme | Course Duration | Total Fees (INR) |
|---|---|---|---|
| SUK Kolhapur | PG Diploma Foreign Trade | - | 2.53 K |
| Hansraj Jivandas Mumbai | PG Diploma School Leadership and Management | 1 Year | 5.00 K |
| DSM-CACS Parbhani | PG Diploma Marketing Management | 1 Year | 5.58 K |
| GU Gadchiroli | PG Diploma Industrial Relations and Personnel Management | - | 5.70 K |
| SPPU Pune | PG Diploma Taxation | - | 5.85 K |
| GS College Khamgaon | PG Diploma Taxation | 1 Year | 6.59 K |
| SBES Aurangabad | PGDM Business Management | 3 Years | 6.70 K |
| SRTMUN Nanded | PGDM Business Management | - | 8.09 K |
| Annasaheb Magar College Pune | PG Diploma Taxation | - | 9.65 K |
| Yeshwant Mahavidyalaya Wardha | PG Diploma Taxation | - | 10.00 K |
MBA Colleges in Maharashtra FAQs
Ques. What are the fees of MBA colleges in Maharashtra?
Ans. MBA fees in Maharashtra range from 2.53 K at SUK Kolhapur to 42.47 Lakh at SPJSGM Mumbai. Among the top government colleges, fees range from 50.00 K at SPPU Pune to 25.50 Lakh at IIM Mumbai, while private college fees range from 88.53 K at TISS Mumbai to 42.47 Lakh at SPJSGM Mumbai.
| College Type | Fee Range (INR) |
|---|---|
| Government | 50.00 K at SPPU Pune to 25.50 Lakh at IIM Mumbai |
| Private | 88.53 K at TISS Mumbai to 42.47 Lakh at SPJSGM Mumbai |
Ques. Which is the cheapest MBA college in Maharashtra?
Ans. SUK Kolhapur is the cheapest management college in Maharashtra at 2.53 K for its PG Diploma in Foreign Trade, followed by Hansraj Jivandas Mumbai at 5.00 K and DSM-CACS Parbhani at 5.58 K. Among the top-ranked institutes, JBIMS Mumbai is the cheapest MBA at 7.00 Lakh, while TISS Mumbai at 88.53 K delivers the best ROI in the state at 3240.71%.
Ques. Which are the Executive MBA options in Maharashtra?
Ans. There are 60 Executive MBA options in Maharashtra. SPJIMR Mumbai’s PGEMP, IIM Mumbai’s PGPEX, IIT Bombay’s EMBA, NMIMS Mumbai’s Executive MBA, IIM Nagpur’s EMBA and SPJSGM Mumbai’s Executive MBA are the top-ranked programmes, and all of them require work experience.
| College Name | CD Score (Out of 1000) | Executive MBA Fees |
|---|---|---|
| SPJIMR Mumbai | 869 | 10.46 Lakh |
| IIM Mumbai | 829 | 16.32 Lakh |
| IIT Bombay | 826 | 45.00 Lakh |
| NMIMS Mumbai | 801 | 8.00 Lakh |
| IIM Nagpur | 710 | 9.72 Lakh |
| SPJSGM Mumbai | 704 | 16.36 Lakh |
Ques. Which are the part-time, distance and online MBA options in Maharashtra?
Ans. Maharashtra has 37 part-time, 10 distance and 3 online MBA colleges against 644 full-time programmes. Welingkar Mumbai, NMIMS Mumbai and SPPU Pune lead the part-time and distance options, and Mumbai University runs the widest distance network in the state through its IDOL centres. The full-time route remains the main path at every top-ranked institute, and none of the part-time or distance programmes report placement figures of their own.
| Programme Type | Colleges |
|---|---|
| Full-time | 644 |
| Part-time | 37 |
| Distance | 10 |
| Online | 3 |
Ques. Which are the women-only MBA colleges in Maharashtra?
Ans. Maharashtra has 10 women-only MBA colleges. SNDT Mumbai leads with a CD Score of 531 and a 19.39 K PGDM fee, followed by SVIMS Pune, HNIMR Pune and IIMHRD Pune, all of which charge under 4 Lakh and admit through MAH CET CAP rounds.
| College Name | Programme | Total Fees (INR) |
|---|---|---|
| SNDT Mumbai | PGDM Human Resource Management | 19.39 K |
| IIMHRD Pune | MBA Marketing | 2.17 Lakh |
| SVIMS Pune | MBA Finance | 3.14 Lakh |
| HNIMR Pune | MBA Human Resource Management | 3.89 Lakh |
Ques. Which MBA colleges in Maharashtra are outside Mumbai?
Ans. IIM Nagpur is the strongest MBA college in Maharashtra outside Mumbai, with a CD Score of 710, a median package of 17.04 LPA and a 73.18 LPA highest package, followed by SIBM Nagpur at 588 and 12.84 LPA and IMT Nagpur at 562 and 11.96 LPA. In Pune, SPPU Pune delivers 10.84 LPA on a 50.00 K fee and COEP Tech Pune charges 6.06 Lakh.
Ques. What scholarships are available at MBA colleges in Maharashtra?
Ans. MBA students can get need-based, merit-based, merit-cum-need, government, and corporate or alumni scholarships. IIM Mumbai and IIM Nagpur offer need-based fee waivers assessed on family income, SPJIMR Mumbai offers merit and need-based aid for PGDM students, and Maharashtra’s EBC, SC, ST and OBC fee reimbursement schemes apply to CAP-allotted seats in state-affiliated colleges. Scholarship types differ from college to college.
| Scholarship Type | Basis |
|---|---|
| Need-Based Aid | Family income and assessed financial need |
| Merit Scholarship | Entrance score, academic record or MBA performance |
| Merit-cum-Need | Academic merit and financial position together |
| Government Scholarship | SC/ST/OBC/EBC/EWS/PwD eligibility under central or state schemes |
| Corporate/Alumni Scholarship | Fixed grant or partial tuition support at selected institutes |
2026
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![Pillai Institute of Management Studies & Research - [PIMSR] rounded](https://img.collegedunia.com/public/college_data/images/logos/16548601641649396409PIMSRLogo01WhiteBackgroud1.jpeg?h=39&w=39&mode=stretch)
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![SP Jain School of Global Management -[SPJSGM] logo](https://img.collegedunia.com/public/college_data/images/logos/1686724005SPJainSchoolofGlobalManagement3.png?h=43&w=43&mode=stretch)
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![Symbiosis Institute of Business Management - [SIBM] logo](https://img.collegedunia.com/public/college_data/images/logos/1563099783logoscms.png?h=43&w=43&mode=stretch)
![Institute of Management Technology [IMT] Nagpur logo](https://img.collegedunia.com/public/college_data/images/logos/1689580906Untitled.png?h=43&w=43&mode=stretch)
![Savitribai Phule Pune University - [SPPU] logo](https://img.collegedunia.com/public/college_data/images/logos/1483942831uop_logo.jpg?h=43&w=43&mode=stretch){kind=logo}
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![SIES College of Management Studies - [SIESCOMS] logo](https://img.collegedunia.com/public/college_data/images/logos/1641195355logo.jpg?h=43&w=43&mode=stretch)
![Symbiosis International University -[SIUN] logo](https://img.collegedunia.com/public/college_data/images/logos/1468497072logo.jpg?h=43&w=43&mode=stretch)
![SIES School of Business Studies - [SIESSBS] logo](https://img.collegedunia.com/public/college_data/images/logos/1738318585download20.jpeg?h=43&w=43&mode=stretch)
![ICFAI Business School - [IBS] logo](https://img.collegedunia.com/public/college_data/images/logos/1569392001IBSLogowithR1.jpg?h=43&w=43&mode=stretch)
![N. L. Dalmia Institute of Management Studies and Research - [NLDIMSR] logo](https://img.collegedunia.com/public/college_data/images/logos/1767412859Screenshot20260103093047.png?h=43&w=43&mode=stretch)
![Pune Institute of Business Management - [PIBM] logo](https://img.collegedunia.com/public/college_data/images/logos/1687325505Untitled.jpg?h=43&w=43&mode=stretch)
![Vaikunth Mehta National Institute of Co-Operative Management - [VAMNICOM] logo](https://img.collegedunia.com/public/college_data/images/logos/1418720077logo1.jpg?h=43&w=43&mode=stretch)
![International School of Business and Media - [ISB&M] Nande logo](https://img.collegedunia.com/public/college_data/images/logos/17037706223682318807038445017576401484130391389881885n.jpg?h=43&w=43&mode=stretch)
