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.

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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.

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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.

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