Planning to pursue FPM in Maharashtra? With 5 FPM colleges offering Fellow Programme in Management (FPM), FPM in Marketing, FPM in Finance, and Executive Fellow Programme in Management (EFPM), choosing the right college depends on key factors such as rankings, fees, placements, and entrance exams accepted.
Maharashtra's FPM landscape includes top government institutes like IMDR, along with leading private universities such as SP Jain (SPJIMR), DY Patil B School, and Chetana's Institute of Management and Research. Admissions are conducted through exams like CAT, XAT, NMAT, depending on the course and institution.
This page provides a complete list of FPM colleges in Maharashtra 2026, helping you compare colleges based on fees, placements, courses, and admission criteria to shortlist the best options.
Overview of FPM Colleges in Maharashtra
Maharashtra has a diverse mix of fpm colleges across government, private, and deemed categories, offering programs in core and emerging fields. These colleges vary in terms of fee structure, admission process, and placement outcomes, making comparison essential for informed decision-making.
Admissions to most top colleges are based on national-level exams like CAT, XAT, NMAT, while state and private colleges accept CETs and institute-level entrance exams.
Key Highlights
| Particulars | Data |
| Total FPM Colleges in Maharashtra | 5 |
| Government Colleges | 1 |
| Private Colleges | 4 |
| Popular Courses | Fellow Programme in Management (FPM), Post Graduate Diploma in Management (PGDM), FPM in Marketing, PGDM in Marketing |
| Top Exams Accepted | CAT, XAT, NMAT, GMAT |
| Average Fees | ₹2.6 L - ₹6 L |
| Average Placement (sample) | ₹8 L |
| Top Recruiters | Federal Bank, 99acres.com, Amazon, Asian Paints |
Top FPM Colleges in Maharashtra 2026 (Rankings)
FPM college rankings are based on parameters such as academic reputation, faculty quality, research output, placements, and infrastructure. Rankings from sources like NIRF, India Today, and The Week are widely used by students to shortlist top colleges.
Top FPM Colleges in Maharashtra (NIRF Rankings)
The National Institutional Ranking Framework (NIRF) is the most credible ranking system in India, based on parameters like teaching, learning resources, graduation outcomes, and research.
| College | 2025 | 2024 |
| SP Jain (SPJIMR) | #20 | #20 |
SP Jain (SPJIMR) are among the leading names in these rankings, typically combining strong academics, placements, and research or professional outcomes.
Government vs Private FPM Colleges in Maharashtra
FPM colleges in Maharashtra are broadly divided into government and private institutions, with key differences in fees, placements, admission process, and ROI. Government colleges are generally more competitive with lower fees, while private colleges offer higher seat availability and modern infrastructure.
Top Government FPM Colleges
Government institutes such as IMDR are known for high ROI, strong placements, and national-level competition.
| College | Fees | Total Courses | Popular Course |
| IMDR | ₹6 L | 16 | FPM in Finance |
Top Private FPM Colleges
Top private colleges offer higher seat intake, industry-focused curriculum, and strong infrastructure.
| College | Fees | Median Salary | Total Courses | Popular Course | Latest Ranking |
| SP Jain (SPJIMR) | — | — | 23 | Post Graduate Diploma in Management (PGDM) | #20 NIRF 2025 |
| DY Patil B School | ₹6 L | ₹8 L | 3 | Post Graduate Diploma in Management (PGDM) | — |
| Chetana's Institute of Management and Research | ₹2.6 L | — | 3 | Post Graduate Diploma in Management (PGDM) | — |
| IIMS Pune | ₹3.9 L | — | 11 | Post Graduate Diploma in Management (PGDM) | — |
Fee Comparison (Govt vs Private)
| Govt Colleges | Private Colleges | |
| FPM | ₹6 L | ₹2.6 L - ₹6 L |
Government colleges are significantly more affordable compared to private institutions.
Placement Comparison
| Private Colleges | |
| Highest Package | ₹24 L |
| Average Package | ₹8 L |
| Median Package | ₹8 L |
Government colleges generally have stronger placement outcomes, especially in IMDR.
ROI Analysis
ROI is a key factor for most candidates, calculated based on fees vs placement outcomes.
| College | Fees | Median Salary | Popular Course | ROI Insight |
| IMDR | ₹6 L | — | FPM in Finance | — |
| SP Jain (SPJIMR) | — | — | Post Graduate Diploma in Management (PGDM) | — |
| DY Patil B School | ₹6 L | ₹8 L | Post Graduate Diploma in Management (PGDM) | Medium ROI |
| Chetana's Institute of Management and Research | ₹2.6 L | — | Post Graduate Diploma in Management (PGDM) | — |
| IIMS Pune | ₹3.9 L | — | Post Graduate Diploma in Management (PGDM) | — |
Government colleges offer higher ROI due to lower fees and strong placements, while private colleges provide better infrastructure, flexibility, and more seat availability.
From a decision-making perspective, candidates targeting top ranks and ROI should prioritise government colleges, while those looking for backup options and infrastructure can consider top private fpm institutes.
Govt and Private
| College | Fees | Median Salary | Popular Course | ROI |
| IMDR | ₹6 L | — | FPM in Finance | — |
| SP Jain (SPJIMR) | — | — | Post Graduate Diploma in Management (PGDM) | — |
| DY Patil B School | ₹6 L | ₹8 L | Post Graduate Diploma in Management (PGDM) | 133% |
| Chetana's Institute of Management and Research | ₹2.6 L | — | Post Graduate Diploma in Management (PGDM) | — |
| IIMS Pune | ₹3.9 L | — | Post Graduate Diploma in Management (PGDM) | — |
Top FPM Colleges in Maharashtra by Fees
Fees is a key parameter while shortlisting fpm colleges, as it directly impacts the overall cost of education and return on investment (ROI). In Maharashtra, fpm college fees vary significantly based on the type of institution—government colleges are more affordable, while private universities have higher fee structures due to infrastructure and facilities.
Mid-Range FPM Colleges (₹1 L - ₹10 L)
Mid-range colleges include DY Patil B School, Chetana's Institute of Management and Research, and IMDR, offering a balance between fees, academic quality, and placement outcomes.
| College Type | Fees | Popular Course | Total Courses |
| Autonomous Institute | ₹6 L | FPM | ~5 avg courses (1 colleges) |
| Private | ₹2.6 L - ₹6 L | FPM | ~2 avg courses (3 colleges) |
These institutes provide strong ROI, with moderate fees and competitive placement packages, making them a preferred choice for many aspirants.
Best ROI FPM Colleges in Maharashtra
Return on Investment (ROI) is a key factor while selecting fpm colleges, as it compares the total cost of education with placement outcomes. Colleges with lower fees and higher salary packages offer better long-term value.
ROI Comparison Across Top Colleges
| College | Average Fees | Average Salary |
| DY Patil B School | ₹6 L | ₹8 L |
| IMDR | ₹6 L | — |
| Chetana's Institute of Management and Research | ₹2.6 L | — |
| IIMS Pune | ₹3.9 L | — |
Government institutes such as IMDR consistently offer high ROI due to subsidised fees and strong placement records.
FPM Colleges in Maharashtra with Best Placements
Placements are a critical parameter in evaluating fpm colleges, as they reflect career opportunities, industry exposure, and earning potential. Top colleges in India maintain strong placement records across technology, consulting, and core sectors.
Colleges with Highest Placement Packages
Top fpm institutes, especially DY Patil B School, report some of the highest placement packages in India.
| College | Highest Package |
| DY Patil B School | ₹24 L |
These offers are typically made by international recruiters and top product-based companies.
Colleges with Best Average Salary
Average salary provides a more realistic view of placement outcomes across the student cohort.
| College | Average Salary |
| DY Patil B School | ₹8 L |
Colleges with higher average salaries generally indicate strong industry connections, better training, and higher-quality recruiters.
Top Recruiters Hiring FPM Professionals
Leading companies regularly recruit from top fpm colleges in India across domains such as software, consulting, analytics, and core fpm:
- Aditya Birla Group
- BAJAJ Allianz
- CapGemini
- Federal Bank
- Godrej and Boyce
Popular FPM Courses in Maharashtra
FPM colleges in Maharashtra offer a wide range of specialisations, with demand driven by placement trends, industry requirements, and long-term career growth. Among these, certain branches consistently attract higher enrolment due to better salary outcomes and job opportunities.
Fellow Programme in Management (FPM)
- Average Salary (Top Colleges): ₹7 L - ₹17.8 L
- Top Recruiters: HDFC Bank, Deloitte, KPMG, Accenture
| Course | Duration | Fees | Colleges | Mode | Level |
| Fellow Programme in Management (FPM) | 1–5 Years | ₹22 K - ₹7.5 L | 45+ | Full-time | UG/PG |
FPM in Marketing
- Top Recruiters: HDFC Bank, KPMG, Asian Paints, Federal Bank
| Course | Duration | Fees | Colleges | Mode | Level |
| FPM in Marketing | 3–4 Years | ₹50 K - ₹6 L | 9+ | Full-time | UG/PG |
FPM in Finance
- Top Recruiters: —
| Course | Duration | Fees | Colleges | Mode | Level |
| FPM in Finance | 3–4 Years | ₹50 K - ₹6 L | 7+ | Full-time | UG/PG |
FPM Admission Process in Maharashtra 2026
Admission to fpm colleges in Maharashtra follows a structured process based on entrance exams, result evaluation, and centralised or institute-level counselling. Candidates can apply through national, state, or college-level exams, depending on their target institutions and courses.
National Level Entrance Exams
National-level exams are the primary gateway to top government fpm colleges such as SP Jain (SPJIMR), DY Patil B School, and Chetana's Institute of Management and Research. These exams have high competition and wider acceptance across India.
Key National FPM Exams
| Exam | Full Form | Conducting Body | Duration (Minutes) | Application Mode | Exam Mode | Level | Colleges Participating |
| CAT | Common Admission Test | Indian Institutes of Management (IIMs) | 120 | online | Online | PG | 5+ Colleges |
| XAT | Xavier Aptitude Test | Xavier Labour Relations Institute | 210 | Online | Online | PG | 5+ Colleges |
| NMAT | Narsee Monjee Management Aptitude Test | Narsee Monjee Institute of Management Studies | 120 | online | Online | PG | 1+ College |
| ATMA | AIMS Test for Management Admissions | Association of Indian Management Schools | 180 | online | Online/Offline | PG | 5+ Colleges |
| CMAT | Common Management Admission Test | National Testing Agency (NTA) | 180 | Online | Online | PG | 5+ Colleges |
These exams are widely accepted by top-ranked fpm colleges and require strong preparation due to their competitive nature.
State Level Entrance Exams
State-level entrance exams are conducted for admission to state government and private colleges within specific states, often with domicile-based reservations.
Key State FPM Exams
| Exam | State | Conducting Body | Level | Mode | Colleges Participating |
| MAH MBA CET | Maharashtra | Directorate of Technical Education, Maharashtra | PG | Online | 3+ Colleges |
State exams generally have moderate competition and are ideal for candidates targeting regional colleges with lower cutoffs.
Counselling Process
After qualifying entrance exams, candidates must participate in counselling for seat allocation based on rank, preferences, and availability.
Counselling Overview
| Counselling Type | Conducting Authority | Colleges Covered | Basis |
| National Counselling | Indian Institutes of Management (IIMs) and Xavier Labour Relations Institute | All-India fpm colleges | National exam rank / score |
| State Counselling | Directorate of Technical Education, Maharashtra | Maharashtra colleges | State exam rank / score |
The counselling process includes choice filling, seat allotment, document verification, and final admission confirmation.
Entrance Exams for FPM Colleges in Maharashtra
FPM admissions in Maharashtra are conducted through a mix of national and state-level entrance exams, each varying in terms of acceptance, difficulty, and participating colleges. A structured comparison helps candidates choose the right exams based on their target colleges and preparation level.
National Level FPM Entrance Exams (UG & PG)
| Exam | Level | Conducting Body | Mode | Duration | Colleges Accepting | Courses | Difficulty |
| CAT | PG | Indian Institutes of Management (IIMs) | Online | 120 mins | 5+ Colleges | Post Graduate Programme in Management | Very High |
| XAT | PG | Xavier Labour Relations Institute | Online | 210 mins | 5+ Colleges | MBA/PGDM | High |
| NMAT | PG | Narsee Monjee Institute of Management Studies | Online | 120 mins | 1+ College | Master of Business Administration | Medium–High |
| ATMA | PG | Association of Indian Management Schools | Online/Offline | 180 mins | 5+ Colleges | FPM | Medium–High |
| CMAT | PG | National Testing Agency (NTA) | Online | 180 mins | 5+ Colleges | MBA/PGDM | Medium–High |
These exams are the primary pathway to top government fpm colleges and postgraduate programs in Maharashtra.
State Level FPM Entrance Exams
| Exam | State | Conducting Body | Mode | Duration | Colleges Accepting | Course | Difficulty |
| MAH MBA CET | Maharashtra | Directorate of Technical Education, Maharashtra | Online | 150 mins | 3+ Colleges | MBA/PGDM | Medium |
State-level exams provide access to government and private colleges within specific states, often with domicile-based advantages.
Upcoming FPM Exams in Maharashtra
Staying updated with fpm entrance exam dates is essential for planning applications, preparation timelines, and revision strategy. In Maharashtra, most UG exams are scheduled across the upcoming cycle, while major PG exams like XAT are scheduled around January 2027.
Tracking upcoming exams helps candidates avoid missing deadlines, manage multiple exams, and align preparation effectively.
Upcoming FPM Exams 2026
| Exam | Level | Exam Date | Status |
| XAT | PG | 03 Jan 2027 | Upcoming |
Month-wise FPM Exam Timeline 2026
January 2027 Exams
| Date | Exam | Description |
| 03 Jan 2027 | XAT | XAT 2027 Exam Date |
From a planning perspective, candidates should track at least 3–4 upcoming exams and align their preparation schedule based on exam sequence, difficulty level, and application deadlines to maximise admission opportunities.
Comparison of Top FPM Colleges
Comparing top fpm colleges helps candidates evaluate options based on fees, placements, rankings, infrastructure, and ROI. Government colleges like IITs, NITs, and IIITs offer lower fees and higher ROI, while private colleges such as BITS, VIT, and SRM provide better infrastructure and higher seat availability.
A structured comparison allows candidates to shortlist colleges based on their budget, rank, preferred course, and career goals, ensuring better decision-making during admission.
Private vs Government Comparison
| Private | Government | |
| Total Colleges | 4 | 1 |
| Top Colleges | SP Jain (SPJIMR), DY Patil B School, and Chetana's Institute of Management and Research | IMDR |
| College distribution % | 80% | 20% |
| Top Courses | PGDM and FPM | PGDM and FPM |
| Fees Range | ₹2.6 L - ₹6 L | ₹6 L |
| Highest Salary | ₹24 L | — |
| Median Salary | ₹8 L | — |
| Average Salary | ₹8 L | — |
Top Colleges Comparison Table
| College | Type | Fees | Average Salary | Median Salary | Highest Salary | Ranking |
| IMDR | Government | ₹6 L | — | — | — | — |
| SP Jain (SPJIMR) | Private | — | — | — | — | #20 NIRF 2025 |
| DY Patil B School | Private | ₹6 L | ₹8 L | ₹8 L | ₹24 L | — |
| Chetana's Institute of Management and Research | Private | ₹2.6 L | — | — | — | — |
| IIMS Pune | Private | ₹3.9 L | — | — | — | — |
Frequently Asked Questions (FAQ)
How many fpm colleges are there in Maharashtra?
There are over 5 fpm colleges in Maharashtra, including government, private, and deemed universities offering UG, PG, and doctoral programs.
Which are the top fpm colleges in Maharashtra?
Top fpm colleges in Maharashtra include IMDR, SP Jain (SPJIMR), DY Patil B School, Chetana's Institute of Management and Research, and IIMS Pune, based on rankings, placements, and academic reputation.
What exams are required for admission to fpm colleges in Maharashtra?
Admission is mainly through exams like CAT, XAT, NMAT, GMAT, and MAH MBA CET, along with other institute-specific and state-level entrance tests depending on the course and college.
What is the average fee for fpm colleges in Maharashtra?
The fee range for fpm colleges in Maharashtra is ₹2.6 L - ₹6 L.
Which fpm colleges have the best placements?
Colleges with strong industry connections, high placement rates, and better salary outcomes typically include top-ranked institutes and leading private universities in Maharashtra.
Which is better: government or private fpm colleges?
Government colleges often offer lower fees and higher ROI, while private colleges may provide better infrastructure and more seat availability. The best choice depends on budget, location, and goals.
What is the admission process for fpm colleges in Maharashtra?
The process generally includes application → entrance exam → result → counselling/selection → seat allotment → admission, depending on the exam and college.
How to choose the best fpm college in Maharashtra?
Compare colleges by rankings, fees, placements, available courses, location, and the exams they accept to shortlist options that match your goals.
