Top MBA Colleges in Maharashtra
December 10, 2024 2024-12-19 8:05Top MBA Colleges in Maharashtra
Top MBA Colleges in Maharashtra: Rankings, Fees, Cutoffs, Placements, and Admissions 2024
Maharashtra is home to 8 top MBA colleges, offering quality management education. These colleges include private institutions, government/public organizations, and public-private partnerships. Common entrance exams for admissions include CAT, CMAT, XAT, and MAH CET. Prominent institutions such as National Institute of Industrial Engineering (NITIE), IIT Bombay, and S.P. Jain Institute of Management & Research (SPJIMR) are among the most sought-after.
Key Highlights
| Parameters | Details |
|---|---|
| Number of Colleges | 8 |
| Ownership | 4 Private, 2 Public, 1 Public-Private |
| Popular Exams | CAT, CMAT, XAT, MAH CET |
| Top Institutes | NITIE, IIT Bombay, SPJIMR, JBIMS, NMIMS |
Latest Updates
- MAH CET 2025 Exam Date: Scheduled for March 17, 18, and 19, 2025.
- Registration Start Date: February 2025.
Latest Updates on MBA Admissions and Exams
- ATMA 2025 (December Session): Registration is now open for MBA, PGDM, and MMS courses, with the last date to apply being December 11, 2024. The exam is scheduled for December 22, 2024.
- MAT 2024 (December Session): Registration is ongoing for the CBT Phase 2 exam, with applications closing on December 15, 2024. The MAT PBT and CBT Phase 2 exams are set for December 14 and December 22, 2024, respectively.
- XAT 2025:The registration deadline has been extended to December 10, 2024. Interested candidates can apply on the official website. The XAT 2025 exam is scheduled for January 5, 2025.
- CAT 2024:The answer key has been released, and candidates can access it using their login credentials. The CAT 2024 result is expected by December 20, 2024.
- MAH CET 2025: The Maharashtra State CET Cell has announced that the MAH MBA CET 2025 will take place on March 17, 18, and 19, 2025. Registrations will open in February 2025.
- CMAT 2025:Registration is currently open for MBA, PGDM, and MMS courses. The last date to apply is December 13, 2024, with the exam scheduled for January 25, 2025.
- NMAT 2024: The exam is being conducted from November 5 to December 20, 2024.
Top MBA Colleges in Maharashtra: Highlights 2024
An MBA is a two-year postgraduate program designed to provide in-depth knowledge and expertise in management and leadership. The course covers specializations like Finance, Sales and Marketing, Human Resources, Operations, and IT & Systems, equipping individuals to excel in managerial roles and access diverse career opportunities.
Key Highlights
| Parameters | Particulars/Statistics |
|---|---|
| No. of Top MBA Colleges | 8 |
| Annual Fees | INR > 5 lakh: 8 colleges |
| Top Specializations | Finance, Sales and Marketing, Operations, Human Resources, IT & Systems, etc. |
| Accepted Entrance Exams | CAT, XAT, CMAT, MAT, MAH CET, etc. |
Disclaimer: Information sourced from the official website; subject to change.
Top MBA Colleges in Maharashtra with NIRF Ranking 2024
The NIRF rankings assess institutions annually based on key parameters, such as graduation outcomes, teaching resources, research, and perception. Below is a table showcasing the top MBA colleges in Maharashtra with their rankings from 2022 to 2024:
| College Name | NIRF 2022 | NIRF 2023 | NIRF 2024 |
|---|---|---|---|
| IIM Mumbai (formerly NITIE) | 9 | 7 | 6 |
| Indian Institute of Technology, Bombay | 11 | 10 | 10 |
| Symbiosis Institute of Business Management | 17 | 17 | 13 |
| S. P. Jain Institute of Management & Research | 21 | 20 | 20 |
| SVKM’s Narsee Monjee Institute of Management Studies | 25 | 21 | 21 |
| Indian Institute of Management, Nagpur | 43 | 43 | 31 |
| K.J. Somaiya Institute of Management | 71 | 45 | 63 |
| Principal L N Welingkar Institute of Management Development | 68 | 73 | 84 |
Disclaimer: Information sourced from the official ranking body; details are subject to change.
Top MBA Colleges in Maharashtra: Admissions 2024
General Eligibility Criteria
- Bachelor’s Degree: Candidates must have a graduation degree in any discipline or an equivalent qualification from a recognized university or institution, with at least 50% aggregate.
- Entrance Exams: Admissions are based on scores from national-level entrance exams such as MAH CET, CAT, GMAT, XAT, CMAT, or MAT. Candidates must meet the cutoff scores specified by their chosen institutions.
Top MBA Entrance Exams in Maharashtra
1. MAH CET (Maharashtra Common Entrance Test)
- Conducted by the State Common Entrance Test Cell, Maharashtra for MBA admissions in the state.
- Known officially as MAH MBA/MMS-CET, it is a prominent exam for MBA aspirants targeting colleges in Maharashtra.
2. XAT (Xavier Aptitude Test)
- Conducted by XLRI, Jamshedpur, XAT is a national-level entrance test for MBA/PGDM programs.
- It is known for its higher difficulty level compared to other MBA entrance exams, requiring 6-9 months of preparation.
3. CAT (Common Admission Test)
- Conducted by the IIMs, CAT is the most popular management aptitude test in India, accepted by over 1,200 B-schools, including 20 IIMs.
- The test covers three sections:
- Verbal Ability and Reading Comprehension (VARC)
- Data Interpretation and Logical Reasoning (DILR)
- Quantitative Aptitude (QA)
Key Admission Exam Dates and Schedules
| Exam Name | Dates | Schedule |
|---|---|---|
| CAT Exam 2024 | 24 Nov ’24 | CAT Schedule |
| XAT Exam 2025 | 5 Jan ’25 | XAT Schedule |
| MAH CET 2025 | Mar ’25 | MAH CET Schedule |
Note: Preparation strategies should include completing the syllabus, taking mock tests, and regular revision.
Entrance Exams Accepted by Top MBA Colleges in Maharashtra
Below are the popular entrance exams accepted by the leading MBA colleges in Maharashtra, along with the number of colleges accepting these scores and their respective cutoff predictors:
| Exams | Number of Colleges | Cutoff Predictor |
|---|---|---|
| CAT | 6 | CAT 2024 Predictor |
| CMAT | 3 | CMAT 2024 Predictor |
| XAT | 3 | XAT 2024 Predictor |
| MAH CET | 3 | MAH CET 2024 Predictor |
Note: Candidates should check individual college websites for the specific cutoff scores and further details on eligibility and admission processes.
Top Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Here is the list of some top private MBA colleges in Maharashtra along with their tuition fees, seat intake, and admission requirements:
| College Name | Total Tuition Fee | Seat Intake | Entrance Exam | Eligibility Criteria |
|---|---|---|---|---|
| Symbiosis Institute of Business Management (SIBM) | INR 24 lakh | 910 | SNAP | Graduation with 50% aggregate |
| S. P. Jain Institute of Management & Research (SPJIMR) | INR 24 lakh | 880 | CAT | Graduation with 50% aggregate |
| K J Somaiya Institute of Management | INR 17 lakh | 660 | CAT, XAT, NMAT, etc. | Graduation with 50% aggregate |
| Principal L N Welingkar Institute of Management | INR 14 lakh | 16,250 | CAT, XAT, CMAT, ATMA | Graduation with 50% aggregate |
Disclaimer: The above information is based on official sources and is subject to change. It is advisable to verify details on the respective college websites before applying.
Top Government MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Here is the list of top government MBA colleges in Maharashtra along with their tuition fees, seat intake, and admission criteria:
| College Names | Total Tuition Fee | Seat Intake | Entrance Exam | Eligibility Criteria |
|---|---|---|---|---|
| IIM Mumbai (formerly NITIE) | INR 14 lakh | – | CAT | Graduation with 50% aggregate |
| IIM Nagpur | INR 19 lakh | – | CAT | Graduation with 50% aggregate |
Disclaimer: This information is sourced from official websites and may vary. Please verify the details directly with the respective colleges before applying.
Top Semi-Private MBA Colleges in Maharashtra: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
Below is the list of top public-private MBA colleges in Maharashtra along with details of their tuition fees, seat intake, and admission criteria:
| College Name | Total Tuition Fee | Seat Intake | Entrance Exam | Eligibility Criteria |
|---|---|---|---|---|
| National Institute of Bank Management (NIBM) | INR 14 lakh | 180 | CAT, XAT, CMAT | Graduation with 50% aggregate |
Disclaimer: This information is sourced from official websites and may vary. Please verify the details directly with the respective colleges before applying.
Top MBA Colleges in Mumbai: NIRF Ranking vs Tuition Fee
Below is a list of the top MBA colleges in Mumbai, along with their NIRF 2024 rankings and total tuition fees:
| College Name | NIRF Ranking (2024) | Total Tuition Fee |
|---|---|---|
| IIM Mumbai | 6 | INR 6 lakh |
| S. P. Jain Institute of Management & Research (SPJIMR) | 20 | INR 20 lakh |
| NMIMS School of Business Management | 21 | INR 12 lakh |
| KJ Somaiya Institute of Management | 63 | INR 17 lakh |
Disclaimer: This information is sourced from official websites and may vary. Please verify the details with the respective institutions before making any decisions.
Top MBA Colleges in Maharashtra: Fees vs Salary
Below is a comparison of the total tuition fees and annual average package of the best MBA colleges in Maharashtra, providing an understanding of the return on investment (ROI):
| College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
| K J Somaiya Institute of Management MBA | INR 17 lakh | INR 10 LPA |
| IIM Nagpur MBA | INR 19 lakh | INR 16 LPA |
| Symbiosis Institute of Business Management MBA | INR 24 lakh | INR 24 LPA |
| S. P. Jain Institute of Management & Research MBA | INR 24 lakh | INR 32 LPA |
Disclaimer: The above information is based on the latest data available and may vary. It is recommended to verify with the respective institutions for precise details.
Highest Salary Offered by Top MBA Colleges in Maharashtra
Here is a list of the top MBA colleges in Maharashtra, along with their highest placement packages and prominent recruiters:
| College Name | Placement Package | Top Recruiters |
|---|---|---|
| K J Somaiya Institute of Management | INR 10 LPA | Britannia, Emami Agrotech, Bain & Co., EY GDS |
| Indian Institute of Management, Nagpur | INR 16 LPA | Deloitte India, ZS Associates, V-Guard, Tech Mahindra |
| Symbiosis Institute of Business Management | INR 24 LPA | EY, Accenture, Google, Wipro, Flipkart, PwC, Jio |
| S. P. Jain Institute of Management & Research | INR 32 LPA | Amazon, Flipkart, Tata, Goldman Sachs, Paytm |
Disclaimer: The above information is based on the latest available data and may vary. It is advisable to check with the respective institutions for exact placement details.
Cost of Pursuing MBA in Maharashtra
Pursuing an MBA from colleges in Maharashtra is relatively expensive, with most institutions charging a total tuition fee exceeding INR 5 lakh. Listed below are some popular MBA colleges in Maharashtra along with their fee range:
| Fee Range | Popular MBA Colleges |
|---|---|
| INR > 5 lakh | K J Somaiya Institute of Business Management, SIBM Pune, SPJIMR, etc. |
Disclaimer: This information is sourced from official websites and may vary.
Top Specialisations Offered by MBA Colleges in Maharashtra
In Maharashtra, MBA programs are available in various specialisations. The table below gives an overview of the most popular specialisations and the number of colleges offering them:
| Top Specialisations | Number of Colleges |
|---|---|
| Finance | 6 |
| Sales & Marketing | 5 |
| Operations | 4 |
| Human Resources | 4 |
| IT & Systems | 1 |
Top MBA Colleges in Maharashtra FAQs
Q: How many MBA colleges are there in Maharashtra?
A: Maharashtra houses about 8 top MBA colleges. Among them, 4 colleges are privately owned, 2 are public/government institutions, and 1 is a public-private entity. Some renowned colleges include National Institute of Industrial Engineering, IIT Bombay, and S. P. Jain Institute of Management & Research. Major entrance exams include CAT, CMAT, and XAT.
Q: Which is the No. 1 MBA college in Maharashtra as per NIRF 2024 rankings?
A: Based on NIRF rankings for the last three years (2022-2024), here’s a summary:
| College Name | NIRF 2022 | NIRF 2023 | NIRF 2024 |
|---|---|---|---|
| IIM Mumbai (formerly NITIE) | 9 | 7 | 6 |
| IIT Bombay | 11 | 10 | 10 |
| Symbiosis Institute of Business Mgmt. | 17 | 17 | 13 |
| S. P. Jain Institute of Mgmt. & Research | 21 | 20 | 20 |
Q: Which is the best college for MBA in Maharashtra with the highest placement package?
A: Below is the list of top colleges along with their placement packages and prominent recruiters:
| College Name | Placement Package | Top Recruiters |
|---|---|---|
| K J Somaiya Institute of Management | INR 10 LPA | Britannia, EY GDS, Bain & Co. |
| IIM Nagpur | INR 16 LPA | Deloitte India, ZS Associates, Tech Mahindra |
| Symbiosis Institute of Business Management | INR 24 LPA | EY, Accenture, Flipkart |
| S. P. Jain Institute of Mgmt. & Research | INR 32 LPA | Amazon, Goldman Sachs, Paytm |
Q: Which are the most affordable MBA colleges in Maharashtra?
A: The table below lists the affordable MBA colleges with a fee structure:
| College Name | Total Tuition Fee |
|---|---|
| Institute of Management & Entrepreneurship Development | INR 5 lakh |
Q: What is the difficulty level of the MAH MBA CET?
A: MAH MBA CET is moderately difficult. Its difficulty level is lower than CAT but higher than MAT or ATMA. The randomness of the question order and varying sectional weightage make it challenging. Logical Reasoning dominates the exam, with fewer Quantitative Aptitude questions. Candidates must adopt flexible strategies to excel.
Q: Which are the top private MBA colleges in Maharashtra?
A: Here are the top private MBA colleges with their tuition fees and seat intake:
| College Name | Total Tuition Fee | Seats |
|---|---|---|
| Symbiosis Institute of Business Mgmt. | INR 24 lakh | 910 |
| S. P. Jain Institute of Mgmt. & Research | INR 24 lakh | 880 |
| K J Somaiya Institute of Management | INR 17 lakh | 660 |
Q: What are the government MBA colleges in Maharashtra?
A: Below is a list of top government colleges with their tuition fees:
| College Name | Total Tuition Fee |
|---|---|
| IIM Mumbai | INR 14 lakh |
| IIM Nagpur | INR 19 lakh |
Q: What is the fee structure of the top MBA colleges in Maharashtra?
A: SIBM Pune charges INR 24 lakh, while IIM Mumbai charges INR 6 lakh, making it the most affordable among top colleges.
| College Name | Total Tuition Fee |
|---|---|
| Symbiosis Institute of Business Mgmt. | INR 24 lakh |
| S. P. Jain Institute of Mgmt. & Research | INR 24 lakh |
| IIM Nagpur | INR 19 lakh |
Q: How can I prepare for MAH MBA CET?
A: MAH MBA CET preparation can be done by joining a coaching institute or through self-study.
- Familiarize yourself with the syllabus and exam pattern.
- Devote 8-10 months to preparation.
- Practice mock tests and previous years’ papers for better time management.
Q: What are the popular specializations offered by MBA colleges in Maharashtra?
A: Top specializations and the number of colleges offering them are listed below:
| Specialization | Number of Colleges |
|---|---|
| Finance | 6 |
| Sales & Marketing | 5 |
| Operations | 4 |
| Human Resources | 4 |
| IT & Systems | 1 |
Q: Does an MBA require Class 12 marks?
A: While most MBA programs focus on undergraduate performance and entrance exam scores, some may consider Class 12 marks as part of the overall evaluation. However, they are not typically a primary criterion.
