The city of Mumbai has the most top MBA institutes in India. Maharashtra has more than 592 accredited MBA/PGDM institutes. In Maharashtra, there are 522 private MBA colleges and 54 government MBA colleges. The AICTE and the UGC have authorised and recognised the majority of Maharashtra’s top MBA colleges.
The best MBA institutions in Maharashtra are well-known for their high placement rates and high Return On Investment (ROI). The average CTC offered by Maharashtra’s best MBA institutions is INR 24-30 LPA.
The National Institutional Ranking Framework, or NIRF, is a government-sponsored and perhaps most reliable ranking organisation for colleges and universities in India. Candidates looking for the best MBA colleges in Maharashtra could look at the NIRF rankings to refine their choices.
Number of MBA Colleges in Maharashtra | 1004 MBA Colleges |
Type of Colleges | Public/Government and Private Colleges Private- 949 Colleges Public/Government- 55 Colleges |
Colleges Affiliated to | AICTE (All India Institute of Technical Education) NAAC (National Assessment and Accreditation Council) UGC (University Grants Commission) |
Admission Process | Mostly through Entrance exams like CAT, XAT, MAT, ATMA, MAH MBA CET, etc. |
Specializations offered by MBA Colleges in Maharashtra | Some of the specializations offered are- |
General Management | |
Financial Services | |
International Business | |
Retail Management | |
Tourism | |
Hospital Administration | |
Human Resource Management | |
Average Fees | Rs 1.0 lakhs- Rs 25 lakhs |
Candidates should review the list of MBA institutions in Maharashtra’s minimum qualifying criteria before applying, since no candidate will be considered for final admission if they do not meet the minimal requirements. The following are the essential requirements for admission to MBA colleges in Maharashtra.
Name of the College | Eligibility Criteria |
---|---|
Indian Institute of Technology Bombay | Candidates should have a Bachelor’s or Master’s degree from a UGC recognized University with 60% (55% for SC/ST). Candidates should have valid CAT scores. |
Symbiosis Institute of Business Management | Applicants should be a graduate from a recognized University with minimum 50% marks. For SC/ST students a minimum 45% grade is required. (Students appearing their final year examination also can apply) |
IIM Nagpur | Bachelor's degree and CAT score that clears the cutoff (domestic) OR Undergraduate degree (Minimum 3-year degree) by University recognized by AIU WITH 50% marks or equivalent GPA Valid GMAT Score with a minimum score of 600 (overseas) |
The National Institutional Ranking Framework, or NIRF, is a government-sponsored and most reliable ranking organisation for colleges and universities in India. A list of these colleges, as ranked by NIRF Ranking 2022, is provided below.
Name of the College | Top Recruiters |
---|---|
Indian Institute of Technology Bombay | Accenture Cochlear JPMC P&G PWC Marico ICICI Bank Infosys Yes Bank |
NITIE Mumbai | TATA Sky ITC Diageo Yes Bank Cipla Cloudtail Dabur |
SPJIMR, Mumbai | Asian Paints Alcon Capgemini Citibank Microsoft Uber Goldman Sachs ITC Deloitte |
SIBM Pune | Becton Dickinson India Pvt. Ltd. Tata Steel Limited and Texas Instruments (India) Pvt. Ltd. J.P. Morgan Chase and Co. Godrej Industries Limited and Associate Companies ITC Limited Hindustan Unilever Limited |
Indian Institute of Management, Nagpur | Deloitte JLL TVS Amazon OLX Value Labs |
K. J. Somaiya Institute of Management Studies & Research | Accenture Vodafone Dell Axis Bank DHL Puma Amazon Hero |
Institute of Management Technology, Nagpur | IPSOS Research eClerx Nielsen Maven Magnets Meredith Markets & Markets The Hackett Group Global data Research Co |
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development | Accenture Exide Industries Ltd. IndusInd Bank Axis Bank Wipro Jubilant Motorworks (Audi) |
Principal L N Welingkar Institute of Management Development and Research | Accenture K Raheja Corp Lexi Private Limited Alight Solutions Kalpataru Ltd Lifestyle Amazon Kantar Group |
Finance, Marketing, Supply Chain Management, Information Technology, Foreign Trade, and many other specialities are available at top MBA institutes in Maharashtra. Maharashtra has more than 592 accredited MBA/PGDM institutes. In Maharashtra, there are 522 private MBA colleges and 54 government MBA colleges. The AICTE and the UGC have authorised and recognised the majority of Maharashtra’s top MBA colleges. Some of the greatest MBA/PGDM colleges in Maharashtra are T SPJIMR Mumbai, SIBM Pune, and Institute of Management Technology – [IMT], Nagpur.
The rankings for various management colleges in India have been provided by a number of ranking organisations. These organisations also publish rankings in fields such as engineering, medicine, pharmacy, law, and architecture. These rankings are meticulously crafted, taking into account a variety of factors such as faculty quality, placements, university perception, gender diversity, and so on.
The National Institutional Ranking Framework, or NIRF, is a government-sponsored and most reliable ranking organisation for colleges and universities in India. A list of these colleges, as ranked by the NIRF Ranking 2021, is provided below.
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 | - |
Every year, the fortnightly magazine publishes a detailed rating of of India’s best MBA colleges. The top MBA colleges in Maharashtra, according to the Times rankings for 2021, are listed below.
College Name | Times 2021 Ranking |
---|---|
K J Somaiya Institute of Management | 7 |
Symbiosis Institute of Business Management | 10 |
ISB&M - International School of Business and Media | 15 |
Lexicon Management Institute of Leadership and Excellence | 20 |
Dr. D.Y. Patil B-School | 20 |
SIES College of Management Studies | 22 |
N.L. Dalmia Institute of Management Studies and Research | 23 |
International Institute of Management Studies (IIMS Pune) | 25 |
Universal Business School | 26 |
IIEBM, Indus Business School | 27 |
The Week and Hansa Research performed a joint survey of India’s best business schools, which included practically all of the country’s main education hubs. The magazine has published a list of the best MBA institutions in India, as well as other lists such as the best MBA colleges in Mumbai, the best MBA colleges in Delhi NCR, and so on.
College Name | The Week 2021 Ranking |
---|---|
SPJIMR - S.P. Jain Institute of Management and Research | 7 |
Symbiosis Institute of Business Management | 9 |
Pravin Dalal School of Entrepreneurship and Family Business Management | 10 |
National Institute of Industrial Engineering | 12 |
Shailesh J. Mehta School of Management, IIT Bombay | 13 |
Symbiosis Centre for Management & Human Resource Development | 18 |
Symbiosis Institute of International Business | 23 |
SIMSREE - Sydenham Institute of Management Studies Research & Entrepreneurship Education | 28 |
Symbiosis Institute of Operations Management | 34 |
Symbiosis Institute of Digital and Telecom Management | 35 |
SPJIMR Mumbai was also named the best MBA institution in Maharashtra by the Week-Hansa Research study.
In August and September of 2020, a survey was done. After the following task force was involved, the validated data and perceptual scores were generated.
Academic Experts | 276 |
Current Students | 585 |
Aspiring Students | 529 |
Recruiters | 75 |
Interviews | 1465 |
Because MBA education is costly, it is critical to examine the return on investment before selecting a college. Some of the best MBA colleges in Maharashtra are listed here, ranked by 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 | - | - |
Shailesh J. Mehta School of Management [SJMSOM] at IIT Bombay also provides a significant return on investment. The typical package on offer here is over five times the cost of a single year.
Most ranking agencies have regarded SPJIMR Mumbai as the best in the country, although an MBA from this college is a bit pricey when compared to the placement package.
IMED Pune and SIMSR Mumbai are two more top MBA institutes in Maharashtra that provide a decent return on investment.
The table below lists some of Maharashtra’s best MBA schools as well as their cutoffs. MAHCET, CAT, MAT, and CMAT scores are accepted by the majority of these institutes.
College Name |
---|
SJMSOM IIT Bombay, Mumbai |
NITIE, Mumbai |
SPJIMR, Mumbai |
KJ SIMSR, Mumbai |
IMT, Nagpur |
SIBM, Pune |
SIIB, Pune |
In Maharashtra, there are 573 MBA colleges, 517 of which are private and 56 of which are public.
Top MBA admission examinations such as NMAT, XAT, CAT, and others are used to get into the best MBA colleges in Maharashtra.
The majority of institutions choose students based on four factors: an entrance exam, a written ability test, a group discussion (GD), and a personal interview (PI).
Along with the aptitude test, several institutions hold additional rounds such as speaking events or an extempore speech round.
Bombay Institute of Technology
With an NIRF ranking of 3, IIT Bombay is the best engineering institution in Mumbai and one of the top engineering colleges in India. It is the first among Mumbai’s Top Engineering Colleges.
A total of 201 PPO offers were made during the 2021 placement campaign.
Particulars | Placements Statistics Phase I |
---|---|
Total No. of Companies | 28 |
No. of PPOs | 201 |
Highest CTC | INR 62 LPA |
Average CTC | INR 25 LPA |
Highest International offer | INR 2.05 crore |
Top Recruiting Sector | Uber, Millennium WorldQuant, Blackstone, Rubrik etc |
NMIMS Mumbai is one of Maharashtra’s most well-known top MBA institutes. The institute has campuses in Mumbai, Pune, and Navi Mumbai, among other cities in Maharashtra. Furthermore, NMIMS maintains campuses in Chandigarh, Hyderabad, and Bangalore.
Particulars | Placement Statistics(2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies visited | 170+ | 150+ |
Highest CTC (Domestic) | INR 38.57 LPA | INR 34.72 LPA |
Highest CTC (International) | INR 58.61 LPA | - |
Average CTC | INR 18.33 LPA | INR 18.45 LPA |
Major Sectors | IT, analytics, Consulting, Start up & E-Commerce | IT, analytics, Consulting, Start up & E-Commerce |
Top Recruiters | Abbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, castrol etc | Adidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon etc |
During SIBM Pune Placements 2021, almost 100 firms visited the campus.
Particulars | Placements Statistics (2019-20) | Placement Statistics (2020-21) |
---|---|---|
No. of Companies participated | 90+ | 100+ |
No. of New Recruiters | - | 35+ |
No. of Students participated | - | 180+ |
No. of Offers made | 186 | 192 |
No. of Pre placement offers | 87 | 66 |
Highest CTC | INR 34.26 LPA | INR 30.38 LPA |
Average CTC | INR 20.14 LPA | INR 19.56 LPA |
Top Recruiters | Accenture, Adani, Aditya Birla Group, Bajaj Finserv, Cipla etc | Accenture, Aditya Birla Group, Asian paints, Bajaj, Phone Pe, Adidas, Hexaware, dabur etc |
CAT, SNAP, NMAT, XAT, and other top MBA admission examinations are used to get into the best MBA colleges in Maharashtra. Many institutions and universities also take MAHCET and BVP BMAT scores as part of their MBA admissions process.
Some of the best colleges are listed below, along with the entrance exam scores they accept and don’t accept.
The Maharashtra Common Entrance Test (MAH CET) is an entrance exam administered by the Maharashtra Directorate of Technical Education (DTE) for admission to Maharashtra’s top MBA institutions. The exam is held over two days and is divided into two slots, one in the morning and one in the afternoon.
Savitribai Phule Pune University [PUMBA], Pune Shivaji University, Kolhapur, Sydenham Institute of Management Studies, Research and Entrepreneurship Education [SIMSREE], Mumbai DoMS, Savitribai Phule Pune University [PUMBA], Pune Shivaji University, Kolhapur
The All India Management Association (AIMA) administers the MAT, or Management Aptitude Test, for admission to more than 600 management institutes across India.
Top MBA Colleges in Maharashtra: Placement Data Placements at Maharashtra’s top MBA colleges have performed admirably in recent years. During the placement season, the state sees an influx of some of the best firms from across the world, thanks to the presence of some of India’s top MBA colleges, such as SPJIMR Mumbai, NMIMS Mumbai, and SIBM Pune.
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 |
In India, the finance industry is flourishing more than ever, and job possibilities are improving as well. The industry, which had been increasing at a pace of 15% until now, is currently growing at an 8.5 percent rate. Some of the best finance MBA colleges in Maharashtra are listed here.
Ans: More than 330 MBA colleges in Maharashtra will accept MAH CET 2021 exam scores for MBA/MMS admission in 2021. Between 36000 and 40000 seats are available for MBA admission in these MBA universities recognising MAH CET in 2021.
Ans: The following is a list of MBA entrance tests that you can take to gain admission to an MBA school in Maharashtra.
MAH M.B.A. and M.S.C.E.T.
Entrance Exam for the CAT (IIMs)
Admission to the CMAT (AICTE)
MBA Entrance Exam MAT (AIMA)
Entrance Exam for the XAT (XLRI)
ATMA is an acronym that stands for “At (conducted by AIMS)
GMAT (Graduate Management Admissions Test) (May does not apply to all institutes)
Ans: No, SNAP scores are used to determine admission to Symbiosis institutes and affiliated B-schools. Symbiosis does not recognise MAH CET results or any other MBA admission scores.
Ans: In the ICARE-Outlook MBA India Rankings 2020, NMIMS has outperformed numerous IIMs and other prominent B-schools. 1.2 International Accreditation: The NMIMS School of Business Management in Mumbai has been awarded AACSB International Accreditation. 1.3 High Return on Investment: The MBA programme costs Rs. 21.90 lakhs.
Ans: According to the AICTE (Ministry of Human Resources Development), PGDM B-schools can accept any of the six national tests: CAT, XAT, CMAT, MAT, ATMA, or GMAT. Many universities outside of the top 100 B-schools provide direct MBA admission without the need to take an entrance exam in order to fill the seat quota.
Ans: Two-year . The standard MBA programme is a two-year full-time programme with classes held on campus. On a full-time basis, an accelerated MBA can be completed online or in person and takes 11-16 months to finish.
Ans: Candidates must have a valid score in one of the CAT/ XAT/ CMAT/ MAH-CET, MAT, or ATMA exams to be considered for admission to NL Dalmia.
Ans: Your marks should be between 80 and 90 percentile based on your percentile. Depending on your percentile, you might anticipate to be ranked anywhere between 30,001 and 40,000. You have a chance to get into top private/government universities if your rank is below 40,000.
Ans: The MAT 2021 exam cost is Rs. 1650/- for one MAT exam in any of the three testing modes, and Rs. 2750/- for two MAT tests.
Ans: All prominent MBA colleges in Mumbai, including JBIMS and SIMSREE, would accept MAT scores through the DTE CAP process for All India category candidates. At these top MBA colleges in Mumbai, the predicted MAT cutoff percentile ranges from 99.5 to 100%.