Top MBA Colleges in Maharashtra - Compare Colleges

  • By Christy J. Varghese
  • 28 December 2022
MBA colleges in Maharashtra

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Many graduates aspire to a great career in business but often are unaware of the obstacles they may face. Students should know that admission to a top MBA course will open doors to the business world. The top MBA institutions in Maharashtra have varied criteria for admitting candidates to the MBA programme. Many queries will arise in the minds of management aspirants, such as whether top MBA colleges in Maharashtra accept GMAT, CAT, MAT, XAT, or CMAT scores for admission to the MBA program.

Students may explore studying for a management degree at IIT Bombay, which is regarded as one of the finest MBA colleges in Maharashtra. It's also referred to as the Shailesh J Mehta School of Management, and the institution provides intellectually engaging programs in management education to its students.

Jamnalal Bajaj Institute of Management is another prestigious institute where one may pursue an MBA. This institute is located near Nariman Point, India's business hub. 

Some of the criteria we utilised to evaluate these MBA courses were as follows:

  • Industry Exposure
  • Faculty Experience
  • Average Package
  • Physical Infrastructure
  • University Collaborations

MBA Colleges in Maharashtra: A Brief Overview

Name of the Course

MBA (Master of Business Administration)


2 years


Human Resources Management, Finance Management, Hospital Management, Transport Management, International Business, Marketing Management, Investment Management, Banking Management

Admission Procedure

Entrance Examination


₹1,00,000 per year to ₹3,00,000 per year (based on the university or college)

Months of Admission

March to August

Employment Opportunities

Financial Manager, IT Manager, Management Analysis, HR Manager, and so on.



Top 10 MBA Colleges in Maharashtra

If you want to pursue an MBA career or any other management program in one of the best MBA colleges in Maharashtra, then this section of the blog is meant for you. In the state, there are several MBA institutions and colleges. 

The only thing you need to do is conduct a thorough analysis. And this is only achievable if you're familiar with the institutions located throughout the state of Maharashtra. In light of this blog, this section deals with the list of top 10 MBA colleges in Maharashtra. You will also be able to find the best MBA government college in Maharashtra on this list. All aspirants have to do is go through it. It will be of sufficient assistance to them.

Top 10 MBA Colleges in Maharashtra List

Name of the College

Fee Structure

Average Placement Salary

Shailesh J Mehta School of Business, Mumbai (IIT Bombay)


₹20.8 lakhs per annum

Jamnalal Bajaj Institute of Management Studies, Mumbai


₹20.13 lakhs per annum

Symbiosis Institute of Business Management, Pune


₹17.48 lakhs per annum

Symbiosis Centre for Management & Human Resource Development

₹17,42,800 (full package)

₹15.6 lakhs per annum

Dr. D.Y. Patil Vidyapeeth Global Business School & Research Centre, Pune


₹6.9 lakhs per annum

Narsee Monjee Institute of Management Studies, Mumbai


₹17.6 lakhs per annum

Indian Institute of Management, Nagpur

₹4,00,000 (full package)

₹12.35 lakhs per annum

Institute of Management Technology, Nagpur

₹12,10,000 (full package)

₹7.5 lakhs per annum

National Institute of Industrial Engineering, Mumbai

₹12,53,000 (full package)

₹19.5 lakhs per annum

SP Jain Institute of Management & Research, Mumbai

₹17,87,500 (full package)

₹22 lakhs per annum

Why Is the State of Maharashtra One of the Preferred Locations to Pursue MBA?

  • Management students have several employment options

A talented management graduate is motivated to work in a major city by a balanced combination of good work-life balance, income growth, and sufficient employment prospects. A student who has obtained an MBA from a reputable college would have no trouble finding employment in Mumbai or Pune. Furthermore, numerous significant industries, such as textile, banking, and electronics, are based in Maharashtra.

Additionally, Nagpur has attracted several shops and warehousing firms. Many well-known shipping companies, such as Container Corp of India Ltd and Mahindra Logistics Ltd, have industrial activities in Nagpur.

  • The epicenter of several commercial activities

Maharashtra is India's most industrialised state, with the service sector accounting for a large portion of the state's GDP. Many international and domestic entities have made significant investments in this state.

Mumbai, the state capital of Maharashtra, is also recognised as India's financial centre; in other words, Mumbai serves as a business incubator for the state's rising pool of brilliant individuals. It has been a centre of innovation, creativity, and technical superiority in management education.

Pune ranks sixth in per capita income and is India's largest centre for German enterprises. The IT sector in Pune is concentrated at the Hinjewadi IT Park, also known as the Rajiv Gandhi IT Park. The city of Pune is also known as India's "Motor City," since numerous automotive corporations, including Tata Motors, Mahindra & Mahindra, Mercedes-Benz, Jaguar, Land Rover, Volkswagen, and Renault, have developed greenfield sites nearby.

In today's world, a young person who has received management training is more prepared to compete in the industry.

Top MBA Colleges by Location

Top MBA Colleges in Ahmedabad Top MBA Colleges in Andhra Pradesh
Top MBA Colleges in Bangalore Top MBA Colleges in Bhopal
Top MBA Colleges in Chennai Top MBA Colleges in Coimbatore
Top MBA Colleges in Delhi NCR Top MBA Colleges in Gurgaon
Top MBA Colleges in Hyderabad Top MBA Colleges in Indore
Top MBA Colleges in Jaipur Top MBA Colleges in Karnataka
Top MBA Colleges in Kerala Top MBA Colleges in Kolkata
Top MBA Colleges in Lucknow Top MBA Colleges in India
Top MBA Colleges in Mumbai Top MBA Colleges in Noida
Top MBA Colleges in Patna Top MBA Colleges in Pune
Top MBA Colleges in Tamil Nadu

Winding Up

The MBA best colleges in Maharashtra are those that provide management education that is current with the global MBA structure. These top MBA colleges in Maharashtra offer a distinct pedagogy and highly trained faculty. Students at the finest MBA colleges in India regularly get greater average placements yearly as they become industry ready.

Not only are the IIMs (Indian Institutes of Management) among the top MBA institutions in the state of Maharashtra, but there are also some of the top Govt. MBA colleges in Maharashtra as well as non-government and private MBA colleges.

As a result, we recommend that you first determine what factors are essential to you and then choose an institution that adheres to your career requirements. Most essential, you must give your all to attain your goal.

Furthermore, if you are facing problems or are confused about choosing an MBA college, you may seek an MBA degree at top colleges that offer Sunstone’s benefits. With Sunstone, you can get admission assistance at over 50 universities in 35 locations across India, along with industry-aligned training, upskilling, and 100% placement assistance. The prime objective of Sunstone is to put forward a holistic educational experience for students.

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