Looking for the top Master of Business Administration colleges in Maharashtra in 2026? Maharashtra has over 104+ master of business administration colleges. Top government institutes include IIM Mumbai, SJMSOM, IIM Nagpur, PUMBA, TISS Mumbai , and leading private universities are SIBM Pune, SCMHRD, K J Somaiya Institute of Management, SIMS Pune, PIBM Pune . These colleges offer Master of Business Administration, MBA/PGDM and other master of business administration programs. Admissions to these colleges are primarily conducted through exams such as CAT , XAT , NMAT , GMAT , SET Exam .
When selecting the best master of business administration colleges in Maharashtra, students should consider factors such as NIRF rankings, placement records, return on investment (ROI), location, faculty, and specializations. This guide highlights the top-ranked master of business administration colleges in Maharashtra 2026 providing all key details on fees, placements, and entrance exams to help students make an informed choice.
Top Master of Business Administration Colleges in Maharashtra 2026: Key Highlights
| Metric | Details |
| Total Colleges in Maharashtra | 104+ |
| Top Exams Accepted | CAT , XAT , NMAT , GMAT , SET Exam |
| Ownership | ~90% Private, ~10% Government |
| Top Recruiters | HDFC Bank, Infosys, Wipro, Amazon, Axis Bank |
| Average Fees | ₹ 62.2 K - ₹ 31.13 L |
| Average Placement | ₹ 2.20 L - ₹ 30.40 L |
Top Master of Business Administration Colleges in Maharashtra by Rankings 2026
The NIRF 2025 is the most trusted ranking for master of business administration colleges in India, evaluating institutes on teaching, research, graduation outcomes, outreach, and perception. Below are the top 10 master of business administration colleges in Maharashtra 2026 as per NIRF.
| College | 2025 | 2024 | 2023 |
| IIM Mumbai | 6 | 6 | 7 |
Government vs Private Master of Business Administration Colleges in Maharashtra 2026
Master of Business Administration aspirants in Maharashtra can choose between government-funded institutes known for their affordability and high ROI, and private universities that offer modern infrastructure, global exposure, and multiple entrance options. The comparison below will help you determine which path best aligns with your academic and career goals.
Top Government Master of Business Administration Colleges in Maharashtra 2026
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| IIM Mumbai | ₹ 18.00 L - ₹ 21.00 L | CAT, GMAT | ₹ 30.40 L | ₹ 30.40 L | ₹ 54.00 L |
| SJMSOM | ₹ 4.53 L | CAT | ₹ 28.00 L | ₹ 28.00 L | ₹ 72.00 L |
| IIM Nagpur | ₹ 12.10 L | CAT | - | - | - |
| PUMBA | ₹ 1.29 L | CAT, XAT, ATMA, CMAT, MAH MBA CET | ₹ 9.40 L | ₹ 9.40 L | ₹ 16.20 L |
| TISS Mumbai | ₹ 13.70 L | MAH MBA CET | - | - | - |
Top Private Master of Business Administration Colleges in Maharashtra 2026
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| SIBM Pune | ₹ 15.32 L - ₹ 27.96 L | MAH MBA CET, SNAP | ₹ 28.20 L | ₹ 28.20 L | ₹ 53.60 L |
| SCMHRD | ₹ 21.33 L - ₹ 27.96 L | MAH MBA CET, SNAP | ₹ 24.30 L | ₹ 24.30 L | ₹ 38.00 L |
| K J Somaiya Institute of Management | ₹ 13.48 L - ₹ 21.37 L | CAT, XAT, NMAT, ATMA, CMAT | ₹ 12.50 L | ₹ 12.50 L | ₹ 20.30 L |
| SIMS Pune | ₹ 22.10 L | MAH MBA CET, SNAP | - | - | - |
| PIBM Pune | ₹ 11.75 L | CAT, XAT, ATMA, CMAT | ₹ 8.80 L | ₹ 8.80 L | ₹ 18.00 L |
Top Trending Courses in Master of Business Administration 2026
Master of Business Administration in Maharashtra offers a wide range of courses to match industry demand and student interest. The most popular fields include Master of Business Administration (MBA) , MBA in Finance , MBA in Marketing . The table below highlights the top courses, their leading colleges, entrance exams, average fees, and placement packages.
| Course | Top Colleges | Entrance Exams | Average Fees (Total) | Average Package |
| Master of Business Administration (MBA) | SJMSOM, SCMHRD, K J Somaiya Institute of Management, SIMS Pune, PUMBA | CAT, XAT, NMAT, GMAT, ATMA | ₹ 1.7 K - ₹ 71.47 L | ₹ 1.78 L - ₹ 34.23 L |
| MBA in Finance | SIBM Pune, K J Somaiya Institute of Management, Suryadatta College, Mumbai Institute of Management and Research (MIMR) | CAT, XAT, NMAT, GMAT, ATMA | ₹ 40.0 K - ₹ 19.60 L | ₹ 3.50 L - ₹ 17.10 L |
| MBA in Marketing | SIBM Pune, K J Somaiya Institute of Management, Suryadatta College | CAT, XAT, NMAT, GMAT, ATMA | ₹ 40.0 K - ₹ 21.52 L | ₹ 4.50 L - ₹ 13.72 L |
| MBA in Business Analytics | SCMHRD, NWIMSR, Indira Institute of Management, Ramdeobaba University, MMM's Institute of Management Education Research and Training | CAT, XAT, NMAT, GMAT, ATMA | ₹ 4.0 K - ₹ 28.13 L | ₹ 2.66 L - ₹ 27.28 L |
| MBA in Human Resource Management | NWIMSR, Indira Institute of Management, MMM's Institute of Management Education Research and Training, Suryadatta College, MVP Samaj's Institute of Management & Research Technology (IMRT) | CAT, XAT, NMAT, GMAT, ATMA | ₹ 12.0 K - ₹ 25.30 L | ₹ 3.50 L - ₹ 17.02 L |
| MBA in Marketing Management | Balaji Institute of Modern Management, Balaji Institute of International Business, BIMHRD, Indira Institute of Management, Thakur Institute of Management Studies and Research | CAT, XAT, NMAT, GMAT, ATMA | ₹ 5.3 K - ₹ 21.29 L | ₹ 3.50 L - ₹ 12.00 L |
| MBA in International Business | Balaji Institute of International Business, GHRIMRN, Ideal Institute of Management, Kondigre | CAT, XAT, NMAT, GMAT, ATMA | ₹ 4.0 K - ₹ 22.80 L | ₹ 2.66 L - ₹ 37.00 L |
| MBA in Human Resources | K J Somaiya Institute of Management, NMIMS Mumbai, School of Distance Education, Bharati Vidyapeeth University, Shivaji Nagar | CAT, XAT, NMAT, GMAT, ATMA | ₹ 70.0 K - ₹ 31.13 L | ₹ 4.50 L - ₹ 18.64 L |
| MBA in Logistics And Supply Chain Management | Ramdeobaba University, ILAM, National Institute of Management, Mumbai | CAT, XAT, NMAT, GMAT, ATMA | ₹ 20.0 K - ₹ 12.28 L | ₹ 2.66 L - ₹ 8.61 L |
| MBA in Information Technology | MVP Samaj's Institute of Management & Research Technology (IMRT) | CAT, XAT, NMAT, GMAT, ATMA | ₹ 12.0 K - ₹ 15.74 L | ₹ 5.00 L - ₹ 12.63 L |
Entrance Exams Accepted by Top Master of Business Administration Colleges in Maharashtra 2026
Admission to the top Master of Business Administration colleges in Maharashtra is primarily determined through national, institute-level, and state-level entrance exams.
| Exam | Top Accepting Colleges | Exam Date (2026) |
| CAT | IIM Mumbai, SJMSOM, IIM Nagpur | 30 Nov 2025 |
| XAT | K J Somaiya Institute of Management, PUMBA, PIBM Pune | 4 Jan 2026 |
| NMAT | K J Somaiya Institute of Management, IBS Mumbai, Suryadatta College | - |
| GMAT | IIM Mumbai, N. L. Dalmia Institute of Management Studies and Research, Lexicon MILE | - |
| MAH MBA CET | SIBM Pune, SCMHRD, SIMS Pune | - |
| CMAT | K J Somaiya Institute of Management, PUMBA, PIBM Pune | 25 Jan 2026 |
| ATMA | K J Somaiya Institute of Management, PUMBA, PIBM Pune | - |
| SNAP | SIBM Pune, SCMHRD, SIMS Pune | 6 Dec 2025 |
| SET Exam | MMM's Institute of Management Education Research and Training | - |
| IBSAT | IBS Mumbai | 27 Dec - 28 Dec 2025 |
| NMIMS NPAT | NMIMS Mumbai | - |
State-wise & City-wise Top Master of Business Administration Colleges in Maharashtra 2026
Master of Business Administration education in Maharashtra varies by state and city, with some regions offering better institutions, private universities, and placement opportunities. Use the list below to explore the top Master of Business Administration colleges by state and city.
Top Cities for Master of Business Administration Colleges in Maharashtra 2026
Top Master of Business Administration Colleges in Mumbai
| College | Ownership | Entrance Exams |
| IIM Mumbai | Public/Government | CAT, GMAT |
FAQ About Master of Business Administration Colleges in Maharashtra 2026
Which is the No.1 master of business administration college in Maharashtra?
According to NIRF 2026, the No.1 master of business administration college in Maharashtra is IIM Mumbai , followed by SJMSOM and IIM Nagpur .
Which entrance exam is required for master of business administration?
For admission to top master of business administration colleges in Maharashtra, students primarily need to appear for CAT , XAT , NMAT , GMAT and SET Exam .
What is the average master of business administration fee in Maharashtra?
The average fees range from ₹ 62.2 K - ₹ 31.13 L per year. Government colleges typically charge ₹ 18.00 L - ₹ 21.00 L per year, while private colleges may charge ₹ 15.32 L - ₹ 27.96 L per year.
Which private master of business administration college has the best placements?
Among private institutions, SIBM Pune and SCMHRD and K J Somaiya Institute of Management have the strongest placement records.