Maharashtra is a prime destination for MBA admission since many of the top AICTE approved MBA colleges in Maharashtra are top-ranked management institutes in India. If you are planning your higher education in Maharashtra, you must check these colleges since they are well-reputed and provide the best ROI and quality of education. Some of the most well-known colleges in this list include K J Somaiya Institute of Management, NMIMS, SPJIMR, Amity University, and Symbiosis Institute of Business Management (SIBM), Pune. Use this list to update your own target colleges for MBA admission in Maharashtra.
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Top AICTE Approved MBA Colleges in Maharashtra
It is important that you make sure the college/ university you choose for MBA admission is approved and recognized by relevant authorities like AICTE. Check the list of top AICTE approved MBA colleges in Maharashtra below:
Name of the College | Course Fee (Approx.) (in INR) | Courses Offered | Entrance Exams Accepted |
|---|---|---|---|
22-25 L (total) | PGDM with specialisations in Finance, Marketing, Operations, etc. | CAT / GMAT / Institute Admission Process | |
17.2 L to 24.2 L (range) | MBA / PGP in various streams | SNAP / MAH CET / Others | |
8 L (1st year) for flagship | MBA / PGDM, many specialisations | NMIMS Test / CAT / WMAT, etc. | |
3,94,250 (1st year) | MBA, Executive, etc. | CAT / GATE / Institute Admission Process | |
6-10 L (approx) | MMS / MBA / management programs | MAH CET / CAT / Institute Admission Test | |
7,04,000 (1st year) | PGDM / MBA / specialization streams | Institute Admission Test / CAT / State Entrance Test | |
10,77,200 (1st year) | MBA / PGDM | CAT / Institute Admission Test / MAH CET | |
4,00,000 (1st year) | MBA / PGDM and related disciplines | CAT / MAH CET / Others | |
N. L. Dalmia Institute of Management Studies & Research (NLDIMSR) | 8,25,000 (1st year) | MBA / PGDM | CAT / MAH CET / Institute Admission Test |
4,18,000 to 7,20,000 (range across specialisations) | MBA / PGDM | MAH CET / CAT / Others | |
Neville Wadia Institute of Management Studies & Research | 2,57,000 to 3,80,000 | MBA / PGDM | MAH CET / Others |
ROI of AICTE Approved MBA Colleges in Maharashtra
Return on Investment or ROI is an important metric used to judge an institute based on the financial return you will enjoy if you graduate from the institute. Check the estimated ROI of the top AICTE approved MBA colleges in Maharashtra below:
Name of the College | Highest Package (in INR) | Average Package (in INR) | Estimated ROI |
|---|---|---|---|
SPJIMR, Mumbai | 81 LPA (Domestic) | 33 LPA | 1.25× / year |
SIBM (Symbiosis), Pune | 49 LPA | 28.16 LPA | 1.16× / year |
SBM — NMIMS (Mumbai) | 67.70 LPA | 25.13 LPA | 1.01× / year |
JBIMS (University of Mumbai) | 87.12 LPA (Reported Peak) | 26.12 LPA | 3.48× / year |
Welingkar / WeSchool (Mumbai) | 40 LPA | 22.06 LPA | 1.58× / year |
K. J. Somaiya Institute of Management (Mumbai) | 24.95 LPA | 15.73 LPA | 0.93× / year |
SIES College of Management Studies (SIESCOMS), Navi Mumbai | 9.54 LPA | 5.90 LPA | 0.74× / year |
N. L. Dalmia Institute of Management (NLDIMSR), Mumbai | 25.50 LPA | 8.78 LPA | 0.60× / year |
Indira School of Business Studies (ISBS), Pune | 16.3 LPA (Reported Peak) | 6.6–6.97 LPA | 0.83–0.87× / year |
Neville Wadia Institute of Management Studies & Research (NWIMSR), Pune | 10.05 LPA | 5.50 LPA | 1.57× / year |
Hopefully, this article helped you choose the best AICTE approved MBA colleges in Maharashtra based on your career goals and interests.
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