Top MBA Colleges In Maharashtra
According to the OnlyEducation MBA rankings 2025, the top Management Colleges in Maharashtra are SPJIMR Mumbai, IIM Mumbai, TISS Mumbai, and JBIMS Mumbai. SPJIMR Mumbai secured the top spot with an OE Score of 1682 (out of 2000) and an OE Placement score of 949.5 (out of 1000). It was closely followed by IIM Mumbai, the second most popular institute, which achieved an OE Score of 1680 (out of 2000) and an OE Placement Score of 949.5 (out of 1000). The OE Score is calculated by combining academic and placement performance. Academic scores are determined using state/all-India entrance exam cutoffs, student reviews, NAAC accreditations, and agency rankings. Placement Scores are derived from the average package, median package, and the total number of students placed by the college.
Among the 1106 Management colleges in the state, SPJIMR Mumbai, IIM Mumbai, and TISS Mumbai are considered the best for the MBA Course in Maharashtra. The average course fee for Management colleges in Maharashtra varies widely, ranging from INR 77 K to INR 38.35 Lakh. Based on the latest statistics, the average package at top Management colleges in Maharashtra falls between INR 20 LPA and INR 36.29 LPA. Major entrance exams accepted by these top institutions include CAT, XAT, NMAT, and SNAP. Furthermore, the latest NIRF 2025 report ranks IIM Mumbai as the top Management college in the state (6th in India), with SIBM Mumbai following at 11th in India.
Top 10 Management Colleges in Maharashtra
SPJIMR Mumbai, IIM Mumbai, and TISS Mumbai are the top Management Colleges in Maharashtra. The total course fee ranges from INR 77 K (TISS Mumbai) to INR 38.35 Lakh (SPJSGM Mumbai). In the table below, we have compiled the Top Management Colleges in Maharashtra, along with their fee structures, Median Package, Cutoff, and Locality.
| College Name | CD Placement Score | Median/Average Package | Cutoff | Total Fees (INR) |
|---|---|---|---|---|
| SPJIMR Mumbai | 949.5 | INR 32 LPA | CAT - 85 | INR 26.50 Lakh |
| IIM Mumbai | 949.5 | INR 33 LPA | CAT - 50 - 97 | INR 21 Lakh |
| TISS Mumbai | 751.7 | INR 8.98 LPA | - | INR 77 K |
| JBIMS Mumbai | 800.5 | INR 26.4 LPA | CAT - 96 | INR 7 Lakh |
| SJMSOM Mumbai | 285.7 | INR 28 LPA | CAT - 90 | INR 14.27 Lakh |
| SBM NMIMS Navi Mumbai | 633.5 | INR 20 LPA | NMAT - 96 | INR 21 Lakh - INR 25 Lakh |
| SIBM Pune | 712.1 | INR 28.16 LPA | SNAP - 97 | INR 7.03 Lakh |
| SPJSGM Mumbai | 914.2 | INR 36.29 LPA | - | INR 38.35 Lakh |
| SCMHRD Pune | 693.7 | INR 20 LPA | SNAP - 97 | INR 15.02 Lakh - INR 24.8 Lakh |
| BITSoM Mumbai | 671.4 | INR 23.41 LPA | CAT - 94 (2023) | INR 28.55 Lakh |
Best Government Management Colleges in Maharashtra
IIM Mumbai stood in 1st place with total course fees of INR 21 Lakh and followed by SJMSOM Mumbai with average course fees of INR 14.27 Lakh. In the table below, we have listed the top 10 Management Colleges of Maharashtra along with details regarding the College Name, Locality, Median Package, and Total Course Fees.
| College Name | Locality | Placements | Total Fees (INR) |
|---|---|---|---|
| IIM Mumbai | Near Vihar Lake, Mumbai | Highest - INR 54 LPA Median - INR 33 LPA Average - INR 33.84 LPA | INR 21 Lakh |
| SJMSOM Mumbai | Powai, Mumbai | Highest - INR 72 LPA Average - INR 28 LPA | INR 14.27 Lakh |
| IIM Nagpur | Dahegaon, Nagpur | Highest - INR 38.40 LPA Average - INR 16.30 LPA | INR 21.5 Lakh |
| SIMSREE Mumbai | Church Gate, Mumbai | Highest - INR 26.30 LPA Average - INR 15.24 LPA | INR 1.53 Lakh |
| IIM Indore Navi Mumbai | Powai, Mumbai | Highest Package - INR 1 CPA Average - INR 25.68 LPA | INR 17.70 Lakh |
| NIBM Pune | Kondhwa, Pune | Highest - INR 26.59 LPA Average - INR 14.23 LPA | INR 14.76 Lakh |
| NICMAR University, Pune | Baner, Pune | Highest - INR 25.09 LPA Average - INR 9.25 LPA | INR 6.1 Lakh - INR 13.1 Lakh |
| Savitribai Phule Pune University | Ganeshkhind, Pune | Highest - INR 16.22 LPA Average - INR 9.40 LPA | INR 2.5 Lakh |
| COEP Pune | Shivajinagar, Pune | Highest - INR 87 LPA Average - INR 12 LPA | INR 2.1 Lakh - INR 5.93 Lakh |
| RTMNU, Nagpur | Gokulpeth, Nagpur | - | INR 1.8 Lakh |
Best Private Management Colleges in Maharashtra
SPJIMR Mumbai, with course fees of INR 26.5 Lakh, stood in first place and followed by TISS Mumbai with course fees of INR 77 K. We have listed the top 10 private Management Colleges in the table below, along with the details regarding the fee structure, Median Package, and Locality.
| College Name | Locality | Placements | Total Fees (INR) |
|---|---|---|---|
| SPJIMR Mumbai | Andheri West, Mumbai | Highest - INR 81 LPA Median - INR 31.5 LPA Average - INR 32 LPA | INR 26.50 Lakh |
| TISS Mumbai | Govandi, Mumbai | Highest - INR 36. 25 LPA Median - INR 8.98 LPA | INR 77 K |
| JBIMS Mumbai | Churchgate, Mumbai | Highest - INR 87.12 LPA Median - INR 26.4 LPA | INR 7 Lakh |
| SBM NMIMS Navi Mumbai | Khargar, Navi Mumbai | Highest - INR 67.70 LPA Average - INR 25.13 LPA | INR 21 Lakh - INR 25 Lakh |
| SIBM Pune | Tal Mulshi, Pune | Highest - INR 49 LPA Average - INR 28.16 LPA | INR 7.03 Lakh |
| SPJSGM Mumbai | Kurla West, Mumbai | Highest - INR 78.09 LPA Average - INR 36.29 LPA | INR 38.35 Lakh |
| SCMHRD Pune | Hinjawadi, Pune | Highest - INR 38 LPA Average - INR 24.28 LPA | INR 15.02 Lakh - INR 24.8 Lakh |
| BITSoM Mumbai | Kalyan, Mumbai | Highest - INR 50 LPA Average - INR 23.41 LPA | INR 28.55 Lakh |
| KJ Somaiya | Ghatkopar East, Mumbai | Highest - INR 28 LPA Median - INR 12 LPA | INR 22.32 Lakh |
| SIIB Pune | Hinjiwadi, Pune | Highest - INR 24.65 LPA Average - INR 13.51 LPA | INR 12.86 Lakh - INR 19.84 Lakh |
Top Specialisations offered by Management Colleges in Maharashtra
General is the most popular field offered by Management colleges in Maharashtra. The other popular specializations offered are Finance, Marketing, and Operations MBA. The table below shows the list of the top specializations offered by Management Colleges in Maharashtra.
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