MBA Colleges in Maharashtra

Why MBA from Maharastra?
Many graduates dream of a successful career in the corporate world, but they have little knowledge about the challenges they might face. Students need to know a fact that after getting admission in top MBA college it will open doorways to the corporate world. Top MBA colleges in Maharastra have different parameters for the intake of students to the MBA programme. There will be many questions buzzing in management aspirant’s mind like, for instance, which MBA colleges in Maharastra accept CAT, GMAT, XAT, CMAT or MAT score for the admission to the MBA programs.
Students can think of pursuing a management program from IIT Bombay, which is considered one of the best MBA colleges in Mumbai. It is also known as Shailesh J Mehta School of Management, and the college equips its students by providing intellectually enriching programs in the field of management education.
Another premier institute where one can intend to do an MBA is from Jamnalal Bajaj Institute of Management. This institute is located in the vicinity of Nariman Point, which is considered the commercial hub of India.
Some of the parameters we used to judge these MBA colleges included:-
  • Faculty Experience
  • Industry Exposure
  • University Collaborations
  • Physical Infrastructure
  • Average Package
MBA colleges in Maharashtra (Mumbai , Pune & Nagpur) accepting CAT, XAT, MHCET, CMAT and GMAT scores:-
  • As a management aspirant, you should be aware of the list of colleges that accept CAT, XAT or GMAT scores for the final intake of students in the two-year management program. Reputed management colleges that take CAT scores are IIT Mumbai, JBIMS, SPJIMR to name just a few.
  • JBIMS also takes GMAT and MHCET scores.
  • Narsee Monjee institute of management is ranked amongst top B-schools in India. Students can get admission to their MBA programs after appearing for the NMAT entrance test.
  • SPJIMR , one of the top MBA colleges accepts GMAT/CAT/XAT scores.
  • TISS - Tata Institute of Social Sciences conducts a computer based National Entrance test (TISS-NET) in the first week of January.
  • K.J. Somaiya Institute Mgt. & Research accepts scores of CAT, XAT, CMAT & GMAT exams.
  • Welingkar Institute of Mgt Development & Research, one of the best ranked MBA colleges accepts CAT, XAT, and GMAT scores.
  • ITM Business School, Mumbai, accepts CAT, XAT, CMAT, GMAT and MHCET scores for the intake of students to the management programs.
  • Symbiosis Center of Mgt & HRD, one of the top MBA colleges in Pune, accepts SNAP scores for the MBA programme.
  • One of the best MBA colleges is Symbiosis Institute of Business Management that accepts SNAP scores followed by Group Exercise, Personal Interview, Written Ability Test (GE-PIWAT) for the enrollment of students to their Post Graduate Programme in Management.
  • Symbiosis Institute of Mgt Studies, one of the best MBA colleges is primarily for Defence Personnel and their Dependents with some seats for Civilian candidates. It accepts SNAP scores.
  • One of the best MBA colleges in Nagpur is Indian Institute of Management. This premier institute accepts CAT scores followed by personal interview, written ability test (PIWAT).
  • One of the top MBA colleges in Nagpur, Institute of Management Technology, offers a two year Post Graduate Diploma in Management (PGDM). It accepts CAT/XAT/CMAT or GMAT scores followed by personal interview.
Maharashtra – Preferred state to pursue Management Programs (MBA)
Let’s have a look at the reasons:-
  1. Epicenter for various business activities:-
  2. The most industrialized state of India is Maharashtra with the service sector contributing majorly to the economy of this state. Many foreign and domestic institutions have invested heavily in this state.
    The capital of Maharastra, Mumbai is also known as the financial capital of India or in other words Mumbai behaves as a business incubator for the growing pool of talented youth. Mumbai has been the centre of creativity, innovation and technological excellence in the field of management education.
    Pune stands sixth in the per capita income, and it is the largest hub in India for German companies. The IT sector in Pune is located in the Hinjewadi IT Park officially called the Rajeev Gandhi IT Park. Pune is also India’s “Motor City”, as many automotive companies such as Mahindra & Mahindra, Mercedes Benz, LandRover, TataMotors, Jaguar, Renault, Volkswagen etc. have established greenfield facilities near Pune.
    In present times, a youth who is equipped with management education is better placed to face stiff competition in the industry.
  3. Immense career opportunities for Management students:-
  4. A healthy mix of good work-life balance, salary growth and ample job opportunities is the driving force for a qualified management graduate to work in a metropolitan city. A student who has completed MBA from a reputed college will not face any problem in getting placed in Mumbai as many multinational companies have their corporate offices located in Mumbai. Moreover, from an economic point of view, many major industries like textile, finance, electronic etc. are located in this metropolitan city.
    Many retailers and warehouse companies have invested in Nagpur. Many prominent names in the shipping industry like Container Corp of India Ltd, Mahindra Logistics Ltd have their industrial operations running in Nagpur.
Let’s have a look at the fee structure and the average salary structure of various colleges
MBA colleges in Maharashtra (Mumbai, Pune & Nagpur) –
Fee structure and average salary (subject to revision):-
Name of Colleges
Fee Structure
Avg. Placement Salary
Indian Institute of Technology, Mumbai
Rs.2,27,850 (per semester)
Rs 20.8LPA
Jamnalal Bajaj Institute of Mgt Studies, Mumbai
Rs 3 lakh (annually)
Rs. 20.13 LPA
Narsee Monjee Institute of Mgt Studies, Mumbai
Rs. 9,25,000 (annually)
Rs 17.6LPA
National Institute of Industrial Engineering, Mumbai
Rs 12,53,000 (total fees)
Rs.19.5LPA (approx.)
SP Jain Institute of Mgt & Research, Mumbai
Rs 17,87,500 (annually)
Rs 22 LPA
Tata Institute of Social Sciences, Mumbai
Rs 2 LPA (approx.)
Rs18 LPA (approx.)
Rs7.02 lakh (annually)
Rs7.32 LPA(approx.)
K.J. Somaiya Inst. Mgt. & Research, Mumbai
Rs   6,58,200 (annually)
Rs. 10.05 LPA
Welingkar Institute of Mgt Development & Research, Mumbai
Rs 5,50,000 (annually)
Rs 9.05 LPA
ITM Business School,Mumbai
Rs. 9,95,000 (total fees)
Rs 6.5 LPA (approx.)
SDA Bocconi Asia Center, Mumbai
Rs 18,60,000(total fees)
Rs 9.82 LPA
Sydenham Inst. of Mgt Studies,Res & Entrepreneurship Education, Mumbai
Rs 67,000 (annually)
Rs 10.92LPA
Symbiosis Institute of Business Mgt, Pune
Rs 1,034,950 (annually)
Rs 17.48 LPA
Symbiosis Center of Mgt & HRD, Pune
Rs 17,42,800 (total fees)
Rs. 15.6  LPA
Symbiosis Institute of International Business,Pune
Rs  15,76,800 (total fees)
Rs 10.25 LPA
Symbiosis Institute of Mgt Studies, Pune
Rs 9,75,850 (total fees)
Rs 10.16 LPA
Dept of Mgt Studies, University Of Pune
Rs 66,694 (annually)
Rs 5.4 LPA (approx.)
Symbiosis Center For Information Technology, Pune
Rs 5,60,000 (annually)
Rs 9.16 LPA
Symbiosis Inst of Media & Communication, Pune
Rs 1,60,000 (annually)
Rs 3.5 LPA
Dr. D. Y. Patil  Vidyapeeth Global Business School & Research Centre, Pune
Rs 2,10,000 (annually)
Rs 6.9 LPA
Indus Business School, Pune
Rs 8,01,000 (total fees)
Rs 6.32 LPA
Institute of Mgt Development & Research, Pune
Rs 4,00,000(total fees)
Rs 5.46 LPA
Indian Institute of Management, Nagpur
Rs 5,85,000  (total fees)
Rs 12.35 LPA
Institute of Management Technology,Nagpur 
Rs 12,10,000 (total fees)
Rs. 7.5 LPA
Dept of Management Studies, Nagpur
Rs  23,712  (annual fees)
Rs   3.5LPA (approx.)
Central Institute Of Business Mgt, Research & Development, Nagpur
Rs 1,13,000(annual fees)
Rs 3.6 LPA
The best business colleges in India are the ones which offer management education that keeps pace with Global MBA environment. The management colleges should have either been accredited with one or more international accreditations or should be in the process of being awarded with it. These top colleges have a unique pedagogy and highly qualified faculty; the students at the best MBA colleges in India get consistently higher average placements year after year as they become industry ready.
The top ranking MBA colleges include not only the Indian Institutes of Management (IIMs) but also some of the other university-affiliated and private MBA colleges which are doing much better than many of the newer IIMs. The best MBA colleges and a number of IIMs have a similar fee structure, but some of the newer IIMs placements, IIM admission process and the IIMs average salary in placement tend to lag behind in a number of these best MBA colleges. This exhaustive list of top colleges to pursue your management education from has been compiled after comprehensive research of MBA universities and colleges by our panel of experts.
Therefore, we recommend that first analyze as to what are the parameters which are important for you and then decide the college which caters to these parameters. Most importantly, you have to give in 100% to achieve your goal. All the best !!!
Have a look at the top B-Schools in Maharashtra:
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