Maharashtra is one of the leading education hubs in India, especially for management studies. With Mumbai and Pune as major educational and corporate centers, the state is home to some of the top MBA colleges in Maharashtra that offer excellent academic exposure, industry connections, and strong placement opportunities.
Students from all over the country prefer Maharashtra to pursue an MBA because of its prestigious institutions, experienced faculty, and proximity to top companies and startups.
Why Choose Maharashtra for MBA?
Maharashtra stands out as a preferred destination for MBA aspirants due to several reasons:
Presence of top-ranked institutes like IIM Nagpur, JBIMS, and SIMSREE
Excellent corporate exposure in cities like Mumbai, Pune, and Nagpur
Strong alumni network across industries
Internship and live project opportunities in MNCs and startups
Good ROI due to strong placement packages
The state accepts scores from national-level exams like CAT, CMAT, XAT, MAT and state-level exam MAH MBA CET.
Also Read: shiv nadar university
List of Top MBA Colleges in Maharashtra 2025
Here are some of the best MBA colleges in Maharashtra based on reputation, placements, and academic quality:
1. IIM Nagpur
Location: Nagpur
Entrance Exam: CAT
Average Package: ₹14–15 LPA
Specialties: Marketing, Finance, Strategy, Analytics
Indian Institute of Management, Nagpur is among the top institutes and is known for its excellent academic structure and top-notch faculty.
2. JBIMS, Mumbai (Jamnalal Bajaj Institute of Management Studies)
Location: Mumbai
Entrance Exam: MAH CET / CAT
Average Package: ₹10–12 LPA
Known as the “CEO Factory of India”
JBIMS is one of the most prestigious government MBA colleges in India and offers great exposure due to its location in Mumbai.
3. SIMSREE, Mumbai
Location: Mumbai
Entrance Exam: MAH CET / CAT
Average Package: ₹7–9 LPA
Specialization in Finance, Marketing, HR, Operations
SIMSREE is a well-known MBA/ MMS college under the Government of Maharashtra.
4. Sydenham Institute of Management Studies (SIMS)
Location: Mumbai
Entrance Exam: MAH CET
Good ROI and strong alumni network
SIMS is known for its affordable fees and strong placement opportunities.
5. KJ Somaiya Institute of Management, Mumbai
Location: Mumbai
Entrance Exam: CAT / XAT / CMAT / NMAT
Average Package: ₹8–10 LPA
Known for Innovation and entrepreneurship
6. SIBM Pune (Symbiosis Institute of Business Management)
Location: Pune
Entrance Exam: SNAP
Average Package: ₹13–14 LPA
One of the top private MBA institutes in India
SIBM Pune is highly ranked and known for its industry interface and international tie-ups.
7. SCMHRD, Pune
Location: Pune
Entrance Exam: SNAP
Specialization in HR, Marketing, Operations
It is among the top colleges for HR and leadership programs in Maharashtra.
8. PUMBA Pune (Department of Management Sciences, Pune University)
Location: Pune
Entrance Exam: MAH CET / CAT
Very affordable government MBA college
PUMBA has consistently delivered good placements with minimal fees.
Also Read: comedk
MBA Entrance Exams Accepted in Maharashtra
The top MBA colleges in Maharashtra accept various national and state-level entrance exams:
MAH MBA CET
CAT
XAT
SNAP
CMAT
MAT
NMAT
Among these, MAH CET is the most popular state-level MBA entrance exam for government and private colleges in Maharashtra.
Also Read: NEET 2026 Exam Date,
