Top MBA Colleges in Maharashtra: NIRF Ranking, Fees Structure, ROI & Cut Off
Saurav Anand
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April 2, 2022
Top MBA Colleges in Maharashtra
Maharashtra is an Indian state with a high population density. As a result of population dominance in a particular state, the scope of education and other important things expands. Pune is also included in the district dubbed “the centre of learning” by the state. Apart from Pune, many other districts, such as Nagpur and Mumbai, provide a good educational platform. It is one of India’s top MBA destinations, as it is the first choice for most corporations and other industries such as entertainment/media houses and financial institutions. It is also a centre for education in management, technology, and related fields.
Top MBA colleges in Maharashtra provide MBA/PGDM courses in a variety of specializations, including finance, supply chain management, marketing, information technology, and foreign trade, among others. In Maharashtra, there are over 592 accredited MBA/PGDM colleges. In Maharashtra, there are 522 private MBA colleges in Maharashtra and 54 government MBA colleges in Mahasrashtra. AICTE and UGC approve and recognize the majority of the top MBA colleges in Maharashtra. Some of the best MBA colleges in Maharashtra include SIBM Pune, T SPJIMR Mumbai, and the Institute of Management Technology – [IMT], Nagpur. Most of the top MBA colleges in Maharashtra offer admission based on the results of Management Entrance Exams such as CAT, MAH CET, SNAP, CMAT, and others, which may be followed by Group Discussion or Personal Interview rounds. Some of the top MBA colleges in Mumbai include Jamnalal Bajaj Institute of Management Studies (JBIMS), SP Jain Institute of Management and Research (SPJIMR), and School of Business Management NMIMS University (SBM NMIMS). The average fees for pursuing MBA/PGDM courses at the top MBA colleges in Maharashtra can range from INR 50,000 to 30 Lakhs per year, depending on the college and region. Among the top MBA colleges in Maharashtra, National Institute of Industrial Engineering, Indian Institute of Technology Bombay, Mumbai, and S. P. Jain Institute of Management & Research are ranked 10, 12, and 19, respectively, by NIRF Ranking 2021.The majority of Maharashtra’s top MBA colleges are located in Mumbai and Pune. In addition, more than 161 are affiliated with Savitribai Phule Pune University – [SPPU] and 41 with Mumbai University (MU). Savitribai Phule Institute of Management, National Academy of Management Studies – [NAMS] Mumbai, and Savitribai Phule Institute of Management are among the top MBA colleges in Maharashtra with low fees than INR 60,000. [SPPU] Shivaji University – [SUK], Pune University S.B.E.S. College of Arts and Commerce Aurangabad, Kolhapur, and S.B.E.S. College of Arts and Commerce Pune Check out the best private MBA colleges in Maharashtra. The best MBA colleges in Maharashtra are well-known for their high placement rates and high return on investment. The average CTC offered by Maharashtra’s top MBA colleges is INR 24-30 LPA. Accenture, HCL, Axis Bank, HDFC, Amazon, and other top-tier companies participate in placement drives hosted by top MBA colleges in Maharashtra.
Highlights: Top MBA Colleges in Maharashtra
| Parameters | Statistics/ Particulars |
|---|---|
| Number of MBA colleges in Maharashtra | Approximately 15 |
| Fees | Annual fee: Rs. 1-5 lakh- 16% Rs. 5-10 lakh- 42% Rs. 10-15 lakh- 26% Rs. >15 lakh- 16% |
| Top Specialisations | Finance, Operations, Sales & Marketing, Human Resources, IT & Systems, Business Analytics, Agriculture & Food Business, Business Economics, Industrial Engineering, International Business, Supply Chain |
| Admission Process | Entrance Based |
| Number of IIMs and IITs | 1 IIM |
Top 10 MBA colleges in Maharashtra List
Here is the list of Top 10 MBA colleges in Maharashtra which is given below:
| SL. No | Name of the College |
|---|---|
| 1 | NITIE Mumbai - National Institute of Industrial Engineering |
| 2 | SJMSOM IIT Bombay - Shailesh J Mehta School of Management Indian Institute of Technology |
| 3 | SPJIMR, Mumbai |
| 4 | SIBM Pune - Symbiosis Institute of Business Management |
| 5 | School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai |
| 6 | JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies |
| 7 | IIM Nagpur - Indian Institute of Management |
| 8 | KJ Somaiya SIMSR - K J Somaiya Institute of Management |
| 9 | Welingkar Mumbai - Prin LN Welingkar Institute of Management Development and Research |
| 10 | IMT Nagpur - Institute of Management Technology |
NIRF Ranking 2021: Top MBA Colleges in Maharashtra
NIRF, or National Institutional Ranking Framework, is a government-sponsored and the most credible college and university ranking agency in India. A list of these colleges, as ranked by the NIRF Ranking 2021, is provided below.
- NIRF 2021 has ranked IIT Bombay as the best MBA college in Maharashtra this year.
- NITIE Mumbai, SIBM Pune, SPJIMR Mumbai, and Indian Institute of Management- Nagpur are among the other top entrants on the list.
- SPJIMR Mumbai has dropped one rank in comparison to the NIRF ranking 2020.
- IIT Bombay has risen one position. Last year, the institute was ranked 11th.
- NMIMS Mumbai is yet another top MBA college in Maharashtra that has improved its ranking this year. It has risen to 22nd place from 24th last year.
| NIRF 2021 Ranking | College Name | NIRF Score |
|---|---|---|
| 10 | Indian Institute of Technology Bombay | 68.08 |
| 12 | National Institute of Industrial Engineering, Mumbai | 64.52 |
| 19 | S. P. Jain Institute of Management & Research | 58.73 |
| 20 | Symbiosis Institute of Business Management | 58.64 |
| 22 | SVKM's Narsee Monjee Institute of Management Studies | 57.53 |
| 40 | Indian Institute of Management | 50.62 |
| 56 | K.J.Somaiya Institute Of Management | 46.68 |
| 69 | Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development | 43.99 |
| 72 | Principal L N Welingkar Institute of Management Development and Research | 43.73 |
| 76-100 | Balaji Institute of Management and HRD | - |
| 76-100 | Institute Of Management Technology, Nagpur | - |
| 76-100 | Pune Institute of Business Management | - |
| 76-100 | Vivekanand Education Society's Institute of Management Studies and Research | - |
Top MBA Colleges in Maharashtra with Fee Structure
Candidates seeking admission to MBA colleges in Maharashtra should research the fee structures of these institutions before deciding on the best fit for them. Candidates should conduct a thorough examination of the fees charged by MBA colleges in Maharashtra as well as the services provided by them. Here is the list of Top MBA Colleges in Maharashtra with Fee Structure which is given below.
| Name of the College | MBA Fees |
|---|---|
| IIT Bombay Fees | Rs 9.55 lakhs |
| National Institute of Industrial Engineering Fees | Rs 10.83 lakhs |
| S. P. Jain Institute of Management and Research Fees (SPJIMR, Mumbai) | Rs 8.00 lakhs - Rs 17.50 lakhs |
| Symbiosis Institute of Business Management Fees | Rs 14.40 lakhs - Rs 25.40 lakhs |
| School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai | Rs 20.84 lakhs |
| IIM Nagpur Fees | Rs 13.74 lakhs |
| K. J. Somaiya Institute of Management Studies & Research Fees | Rs 16.19 lakhs |
| IMT Nagpur Fees | Rs 11.94 lakhs |
| Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development Fees | Rs 4.50 lakhs |
| Principal L N Welingkar Institute of Management Development and Research Fees | Rs 1.60 lakhs |
Top MBA Government Colleges in Maharashtra
Here is the list of the Top MBA Government Colleges in Maharashtra which is given below.
| Public Colleges | Course Fee (in Rs) |
|---|---|
| Indian Institute of Management (IIM), Nagpur | 11,10,000 |
| SJMSOM IIT Bombay, Mumbai | 8,32,400 |
| NITIE, Mumbai | 6,62,000 |
Best MBA colleges in Maharashtra Placement Wise
Placements at MBA colleges in Maharashtra have been excellent in recent years. With some of Best MBA Colleges in India, such as NMIMS Mumbai, SPJIMR Mumbai, and SIBM Pune, the state sees an influx of some of the best companies from around the world during the placement season.
- The average placement offer in some of the top institutes, such as those affiliated with Symbiosis University, is between 180 and 200.
- The average placement package in Best MBA colleges in Maharashtra is INR 7-8 lakh.
- Every year, 50-60 recruiters visit an average MBA programme.
These companies’ top recruiters include:
| Bain & Company | Accenture Strategy | CISCO |
| Amazon | Capgemini | Gartner |
| Boston Consulting Group (BCG) | Morgan Stanley | BYJU’s |
| Barclays Capital | McKinsey & Company | TCS |
| Godrej | Airtel | J P Morgan |
Top Private MBA Colleges in Maharashtra: ROI
MBA education is costly, so it is critical to consider the ROI factor before selecting a college. The following are some of the best MBA colleges in Maharashtra based on their return on investment.
| College Name | Total Fees | Average Placement Package | ROI Rank* |
|---|---|---|---|
| NITIE Mumbai | INR 3,60,000 | INR 19,77,000 | 1 |
| IIT Bombay | INR 4,24,000 | INR 20,80,000 | 2 |
| IMED Pune | INR 2,42,000 | INR 7,00,000 | 3 |
| KJ SIMSR Mumbai | INR 3,30,000 | INR 9,40,000 | 4 |
| NMIMS Mumbai | INR 9,25,000 | INR 17,58,000 | 5 |
| SIBM Pune | INR 9,60,000 | INR 17,48,000 | 6 |
| SPJIMR Mumbai | INR 17,50,000 | INR 22,90,000 | 7 |
| IMT Nagpur | INR 8,20,000 | INR 7,64,000 | 8 |
| BITSoM | INR 24,50,000 | - | - |
| Vijay Patil School of Management | INR 14,00,000 | - | - |
Top MBA colleges in Maharashtra with Cut Off
Here is the list of Top MBA colleges in Maharashtra with Cut Off which is given below:
| College Name | Cutoff |
|---|---|
| SJMSOM IIT Bombay, Mumbai | CAT Cutoff |
| NITIE, Mumbai | CAT Cutoff |
| SPJIMR, Mumbai | XAT and CAT Cutoff |
| KJ SIMSR, Mumbai | Cutoff for MAHCET, MAT, XAT, CMAT, CAT |
| IMT, Nagpur | Cutoff for CAT, XAT and CMAT |
| SIBM, Pune | CAT and SNAP Cutoff |
| SIIB, Pune | SNAP Cutoff |
Top 10 MBA colleges in Maharashtra through CET
The Maharashtra Common Entrance Test (MAH CET) is an entrance exam administered by the Directorate of Technical Education (DTE) of Maharashtra for admission to the top MBA colleges in Maharashtra. The exam is held over two days and is divided into two sessions, one in the morning and one in the afternoon.
- The exam is held in 47 cities across India.
- Every year, MAH CET registrations begin in the second or third week of January.
- The exam consists of 200 questions divided into four sections: Logical Reasoning (75 questions), Abstract Reasoning (25 questions), Quantitative Aptitude (50 questions), and Verbal Ability and Reading Comprehension (25 questions) (50 questions)
- Most of the best colleges have an AH CET cut off percentile of 98 or higher.
Here is the list of Top 10 MBA colleges in Maharashtra through CET which is given below::
| College Name | Course Name | Average Annual Fees(INR) |
|---|---|---|
| Jamnalal Bajaj Institute of Management Studies, Mumbai | MMS | 3.05 lakh |
| Prin. LN Welingkar Institute of Management Development and Research, Mumbai | PGDM, MMS | 6.5 lakh |
| Department of Management Sciences, University of Pune, Pune | MBA ++, MBA-Pharma | 66,000 |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai | MMS, PGDMB, MFM, MMM | 67,000 |
| K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai | PGDM, PGDM-RM, PGDM-IB, PGDM-FS, PGDM-COMM | 8.98 lakh |
| Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai | PGDBM, MMS | 2 lakh |
| N L Dalmia Institute of Management Studies and Research, Mumbai | PGDM, MMM, MMS, MFM, MHRDM | 5.75 lakh |
| Balaji Institute of Management and Human Resource Development, Tathawade | PGDM-Marketing and Finance, PGDM-PM and HRD, PGDM | 4.8 lakh |
| ITM Business School, Navi Mumbai | PGDM | 10.45 lakh |
| IES Management Institute, Mumbai | PGDM, PGDM-PHM | 4 lakh |
Frequently Asked Questions
1. Which MBA college has best placement in Maharashtra?
Ans. NITIE Mumbai has best placement in Maharashtra for MBA.
2. Which are government colleges for MBA in Maharashtra?
Ans. Here is the list of the Top MBA Government Colleges in Maharashtra which is given below:
Show 102550100 entriesSearch:
| Public Colleges | Course Fee (in Rs) |
|---|---|
| Indian Institute of Management (IIM), Nagpur | 11,10,000 |
| SJMSOM IIT Bombay, Mumbai | 8,32,400 |
| NITIE, Mumbai | 6,62,000 |
3. How many seats are there in MBA in Maharashtra?
Ans. MAH CET 2022 exam scores will be accepted by over 330 MBA colleges in Maharashtra for MBA/MMS admission in 2022. The total number of seats available for MBA admission 2022 in these MBA colleges accepting MAH CET ranges from 36000 to 40000.
4. Which college is best for MBA in Maharashtra?
Ans. NIRF has named IIT Bombay the best MBA college in Maharashtra. SPJIMR Mumbai, SIBM Pune, and ITM Nagpur are also on the list.
5. Is Amity Mumbai good for MBA?
Ans. Amity Mumbai admits students based on various criteria such as CAT, XAT, NMAT, MAT, GMAt, and so on. The average placement package ranges between INR 3-4 lakh.