Maharashtra ranks as a powerhouse for MBA (Master of Business Administration) education in India. The state hosts over 500 colleges, including elite ones like IIM Mumbai (NIRF rank 6 nationally), SPJIMR, and JBIMS. Admissions happen via CAT for IIMs/IITs, CMAT/MAH MBA CET for many others, and institute tests like SNAP for Symbiosis. Government-linked colleges offer low fees (INR 50,000-2 lakh total often) with high ROI through strong placements. Private/deemed institutions charge INR 10-25 lakh+ but deliver premium facilities and corporate networks. Mumbai and Pune dominate with finance, consulting, and IT recruiters. NIRF 2025 places IIM Mumbai at 6, Symbiosis Pune at 11, SPJIMR at 20. This guide covers top-ranked (NIRF-focused), government-linked, top private/deemed, and affordable/low-fee collections for 2026 choices.

Top Ranked MBA Colleges in Maharashtra (NIRF 2025)

These colleges top national NIRF management rankings. They blend strong academics, research, and placements.

IIM Mumbai leads with operations focus. Symbiosis Pune and SPJIMR excel in diverse programs. High CAT/CMAT scores needed.

College Name	Location	Key Features	Approx. Total Fees (2 Years)	Ranking (Agency, Year, Category)
Indian Institute of Management (IIM) Mumbai	Mumbai	Operations excellence, high packages	INR 14-21 lakh	NIRF Rank 6 (2025, Management)
Symbiosis Institute of Business Management (SIBM)	Pune	Diverse specializations, strong alumni	INR 18-22 lakh	NIRF Rank 11 (2025, Management)
S.P. Jain Institute of Management and Research (SPJIMR)	Mumbai	Innovative pedagogy, global ties	INR 20-24 lakh	NIRF Rank 20 (2025, Management)
NMIMS School of Business Management	Mumbai	Finance/marketing focus, placements	INR 20-25 lakh	NIRF Rank 24 (2025, Management)
IIM Nagpur	Nagpur	Emerging IIM, good ROI	INR 18-20 lakh	NIRF Rank 25 (2025, Management)

These deliver top placements (25-35 LPA average). They attract national talent.

Government-Linked MBA Colleges in Maharashtra

Government-linked colleges provide subsidized fees. They offer solid ROI with decent placements.

JBIMS and SIMSREE lead via MAH CET. Fees low due to state support. Strong Mumbai exposure.

College Name	Location	Key Features	Approx. Total Fees	Ranking (Agency, Year, Category)
Jamnalal Bajaj Institute of Management Studies (JBIMS)	Mumbai	High ROI, finance focus	INR 6-10 lakh	Top govt-linked (State/NIRF-influenced 2025)
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)	Mumbai	Low fees, good packages	INR 1-2 lakh	High state (MAH CET 2025)
Department of Management Sciences (PUMBA), University of Pune	Pune	Affordable, university backing	INR 1-2 lakh	Reputed govt (State 2025)
Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay	Mumbai	Tech-management blend	INR 10-15 lakh	NIRF Rank 14 (2025, Management)

These suit MAH CET scorers. Placements hit 15-28 LPA. Best value picks.

Top Private and Deemed MBA Colleges in Maharashtra

Private/deemed colleges feature modern infrastructure. They emphasize industry projects and global exposure.

SPJIMR and NMIMS lead placements. Fees higher but justified by outcomes.

College Name	Location	Key Features	Approx. Total Fees	Ranking (Agency, Year, Category)
S.P. Jain Institute of Management and Research (SPJIMR)	Mumbai	Innovative, high packages	INR 20-24 lakh	NIRF Rank 20 (2025, Management)
NMIMS School of Business Management	Mumbai	Corporate ties, finance strong	INR 20-25 lakh	NIRF Rank 24 (2025, Management)
Symbiosis Institute of Business Management (SIBM)	Pune	SNAP-based, diverse programs	INR 18-22 lakh	NIRF Rank 11 (2025, Management)
K.J. Somaiya Institute of Management	Mumbai	Good placements, ethics focus	INR 13-21 lakh	NIRF Rank 65 (2025, Management)
Welingkar Institute of Management Development & Research	Mumbai	Innovation, hybrid learning	INR 13-15 lakh	High private (State 2025)

These attract via SNAP/CMAT. Average packages 12-30 LPA. Strong for corporate careers.

Affordable/Low-Fee MBA Colleges in Maharashtra

These colleges keep fees low. They balance quality with accessibility.

JBIMS and PUMBA top ROI. Many under MAH CET quota stay cheap.

College Name	Location	Key Features	Approx. Total Fees	Ranking (Agency, Year, Category)
Jamnalal Bajaj Institute of Management Studies (JBIMS)	Mumbai	Exceptional ROI	INR 6-10 lakh	Top low-fee (State 2025)
Department of Management Sciences (PUMBA)	Pune	University dept, good value	INR 1-2 lakh	Affordable govt-linked
Sydenham Institute (SIMSREE)	Mumbai	Low fees, solid placements	INR 1-2 lakh	High ROI private-aided
Shivaji University Departments	Kolhapur	Very low cost	INR 50,000-1 lakh	Cheapest state (2025)

These focus on merit seats. Placements 8-20 LPA. Ideal for high ROI.

Maharashtra's MBA options range from elite IIMs to affordable government-linked gems. Mumbai/Pune hubs drive placements. Low-fee colleges offer unmatched value. Check official portals for latest cutoffs/fees. CAT/MAH CET scores key for top picks.

FAQs

Q: Which is the best MBA college in Maharashtra?

A: Quora and Reddit users rank IIM Mumbai and SPJIMR highest for packages (30+ LPA). JBIMS praised for ROI despite not always in NIRF top.

Q: What are good government/low-fee MBA options in Maharashtra?

A: Forums highlight JBIMS (6-10 lakh total) and SIMSREE (under 2 lakh) for 20-28 LPA averages. Quora calls them unbeatable ROI.

Q: Are private colleges like Symbiosis or NMIMS worth the high fees?

A: Reddit recruiters note Symbiosis Pune and NMIMS for strong placements (15-25 LPA). Quora says yes for marketing/finance if you clear SNAP/NMAT.

Q: Cheapest good MBA colleges in Maharashtra?

A: Quora lists PUMBA Pune and Shivaji University under 2 lakh. Reddit suggests MAH CET quota for low fees with decent jobs.

Q: Placements in Maharashtra MBA colleges?

A: Threads say JBIMS/SPJIMR hit 25-35 LPA. Privates like NMIMS average 15-20 LPA. Many advise CAT for IIMs over state exams.

MBA Colleges in Maharashtra 2026

633 Colleges Found

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