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Top 10 MBA Colleges in Maharashtra | Top Recruiters | 2021

Top 10 MBA Colleges in Maharashtra: MBA has become the most sought professional course. The reason being the financial return which the course provides to the students. Pursuing MBA or PGDM equivalent to MBA from reputed institutions ensures you a successful career.

Top 10 MBA Colleges in Maharashtra

So this article is presenting you with the list of the top 10 MBA colleges in Maharashtra. Various parameters have been commonly discussed in all colleges.

IIT Bombay

IIT Bombay is the prestigious name in engineering at the national as well as global level. It dates back to 1958, and within three years, in the year 1961, it was awarded the status of Institute of National Importance, and since then, it is continuously excelling in all the fields.  Shailesh J. Mehta School of Management offers an MBA program under the flagship of IIT Bombay. To get admission here, CAT and GMAT scores are pre-requisites followed by PI for final selection. The school provides modern infrastructural facilities and has state-of-the-art classrooms, computer labs, seminar halls, and wi-fi-enabled lobby areas. If you want to do MBA from Maharashtra, then SJMSOM is the number one college for it. Check for more details are as under:

  • Rank: 1
  • Accreditation: DOE-MHRD & NIRF (11)
  • Average Salary Package: 20.8 LPA
  • Highest Salary Package: 32.4 LPA
  • Top Recruiters: Accenture, Infosys, Microsoft, John Deere, ONGC, and many more.
  • Course Fees: 8.67 Lakh

National Institute of Industrial Engineering, Mumbai

Another engineering college, NITIE, is emerging as a top MBA institute in Maharashtra. NITIE aims to develop global recognition for Indian businesses. To achieve its purpose, the institute is offering three programs, namely  PGDIE, PGDIM, and PGDM. A CAT score for Indian students and GMAT/IELTS/TOEFL scores are required for admission, followed by GD/PI in the final selection round. The institute has excellent placement records. NITIE is not behind in infrastructure, as it has good resources in terms of a well-equipped classroom, a library and an auditorium (fully air-conditioned), and a hostel facility. Other recreational activities include various sports such as Badminton, Cricket, and Volleyball. This contributes to the overall development of the students rather than making them a bookworm. To know more about the institute, check the details as under:

  • Rank: 2
  • Accreditation: AICTE & NIRF (12)
  • Average Salary Package: 20.88 LPA
  • Highest Salary Package: 58.24 LPA
  • Top Recruiters: Google, Vodafone, Flipkart, Amazon, and Nestle.
  • Course Fees: 14.63 Lakh

P Jain Institute of Management and Research

SPJIMR is a private b-school located in  Mumbai. It was founded in 1981 and had a motto of “Knowledge is Nectar.”  The institute has a sprawling campus of 45 acres with modern infrastructural facilities. The institute offers a PGDM program that is equivalent to MBA. The selection to MBA program is based on CAT/GMAT scores followed by PI.  For more details, have a look as under:

  • Rank: 3
  • Accreditation: AACSB, AMBA, NIRF (18)
  • Average Salary Package: 26.36 LPA
  • Highest Salary Package: 51 LPA
  • Top Recruiters: Google, Accenture, Airtel, and Bank of America.
  • Course Fees: 17.50 Lakh

Symbiosis Institute of Business and Management, Pune

Symbiosis is another reputed and well-known name that is gracing our list. The institute was set up in the year, and it aims to “Promoting international Understanding through quality education.” It’s a constitute college of Symbiosis International University. The institute offers a two-year full-time MBA program based on the SNAP score (Symbiosis National Aptitude Online Tests). The institute provides every infrastructural facility, including modern classrooms, accommodation, auditorium, IT resources, well-equipped library, and recreational facilities. Few highlights of your concern are as under:

  • Rank: 4
  • Accreditation: NAAC-A grade and NIRF (22)
  • Average Salary Package: 20.08 LPA
  • Highest Salary Package: 34.26 LPA
  • Top Recruiters: Accenture, Walmart, Shell, Mahindra Comviva, and Vodafone.
  • Course Fees: 9.6 Lakh p.a. (Academic Fees)

SVKM’s Narsee Monjee Institute of Management Studies, Mumbai

NMIMS is another college that you can consider to pursue your MBA. It is among the top-notch b-schools of India. The institute has been four decades old and now continuing its legacy with its different campuses. It offers a two-year full-time MBA program specializing in HR, pharma management, business analytics, law, and social entrepreneurship. Admission here is based on NMAT conducted by GMAC, followed by case discussion and interview for final selection. It has a beautiful campus and state-of-the-art modern infrastructure that makes it a dream for students.

  • Rank: 5
  • Accreditation: NAAC & NIRF (24)
  • Average Salary Package: 30.37 LPA
  • Highest Salary Package: 17.79 LPA
  • Top Recruiters: Cognizant, Mahindra Logistics, Maruti Suzuki, and ICICI bank, to name a few.
  • Course Fees: 17.5 Lakh

Indian Institute of Management, Nagpur (Top 10 MBA Colleges in Maharashtra)

It a desire of many students to pursue higher education from IIMs, but very few got selected. Next, we have IIM Nagpur, the name that needs no introduction. It offers an MBA program, admission to which is subject to CAT scores. Other factors are considered for admissions here, such as past academic experiences, work experience, interview performance, and diversity. Few notable points are as under:

  • Rank:6
  • Accreditation: AMBA, AACSB, EQUIS & NIRF (40)
  • Average Salary Package: 28 LPA
  • Highest Salary Package: 40 LPA
  • Top Recruiters: TCS, KPMG, Panasonic India, Yes Bank, to name a few.
  • Course Fees: 13.75 Lakh

J Somaiya Institute of Management Studies & Research

The institute was set up in the year 1959 by Padmabhushan awardee Late Shri K.J. Somaiya. The institute strives to achieve academic excellence. It offers MBA with specializations in Sports Management and Integrated Marketing Management and regular specialization in HR, Marketing, and Finance. CAT, GMAT, NMAT, and XAT scores are accepted here for admission. The final round of selection involves Case Analysis and PI. The institute provides hostel, medical, sports, and recreational facilities. Few highlights are provided as under:

  • Rank:7
  • Accreditation: AACSB, ISO, NIRF (56).
  • Average Salary Package: Rs. 13.25 LPA
  • Highest Salary Package: Rs. 28.50 LPA
  • Top Recruiters: ITC, Quikr, EY, HUL, GSK, Barclays.
  • Fees: 7.81+ Lakh

Institute of Management Technology, Nagpur (Top 10 MBA Colleges in Maharashtra)

IMT Nagpur was established in the year 2004, and it offers a PGDM program in emerging fields of management and regular specializations such as marketing, finance, and HR. The institute offers world-class teaching by expert faculty members and offers good placements shaping their students’ careers. Admission to PGDM is based on aptitude tests such as CAT/XAT/MAT/CMAT. The institute is surrounded by lush greenery that offers a peaceful environment and tranquillity. Few highlights of the institute are as under:

  • Rank: 8
  • Accreditation: NBA, AICTE, AIU,AACSB & NIRF (60)
  • Average Salary Package: 30.37 LPA
  • Highest Salary Package: 17.79 LPA
  • Top Recruiters: Cognizant, Mahindra Logistics, Maruti Suzuki, and ICICI bank, to name a few.
  • Course Fees: 17.5 Lakh

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development, Pune

Institute of Management and Entrepreneurship Development is under the flagship of Bharati Vidyapeeth University, which is deemed to be a university.  The institute offers an MBA program general and with a specialization in HR. The institute has good infrastructural facilities, including a well-equipped library with more than 63,740 books, accommodation, labs, and an auditorium for academic purposes. Other facilities include a cafeteria, medical facility, wi-fi enabled campus, and sports like Badminton, Cricket, Table Tennis, Carrom, and many other games. Admission to the MBA program is based on the BUMAT score. Few highlights are as under:

  • Rank: 9
  • Accreditation: UGC & NIRF (63)
  • Average Salary Package: 7.5 LPA
  • Highest Salary Package: 18.10 LPA
  • Top Recruiters: ICICI, Amazon, ITC, to name a few.
  • Course Fees: 4.5 Lakh

Principal L N Welingkar Institute of Management Development and Research

Principal L N Welingkar Institute of Management Development and Research was founded in 1977 and continue to impart quality education. It also offers a part-time master’s program in financial management, information management, and marketing management. A test score of MAH-MBA/MMS-CET/MAT/CAT/GMAT/XAT is considered for shortlisting, followed by the final selection round. Few details of the institute and the PGDM course are as under:

  • Rank:10
  • Accreditation: UGC, AICTE, NIRF (68).
  • Average Salary Package: 8.61 LPA
  • Highest Salary Package: 18 LPA
  • Top Recruiters (few): Dell, HDFC Bank, Axis Bank, Accenture, etc.
  • Course Fees: 5.5 Lakh (for the first year)


Which is the best college for MBA in Maharashtra?

IIT Bombay is the best college for MBA in Maharashtra

Which is the best MBA college for placements in Maharashtra?

NITIE s the best MBA college for placements in Maharashtra

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