List of MBA Colleges in Maharashtra with Low Fees 2025: Eligibility, Specializations, Admission, Salary

University of Pune's Abasaheb Garware Institute of Management Studies, Dr. Babasaheb Ambedkar Marathwada University, and the National Institute of Bank Management are some of the best MBA colleges in Maharashtra with low fees. There are about 760+ MBA colleges in Maharashtra, out of which 470+ are privately owned colleges, and 30+ are govt MBA colleges in Maharashtra, while about 15+ re private-public colleges. However, there are many colleges in Maharashtra that offer quality MBA programs with lower fees.

MBA (Master of Business Administration) degree is essential for you to become successful in the corporate sector. After completing this degree course you will get immense opportunities in different fields. This is a guide for you to figure out the list of MBA Colleges with low fees and good placements in Maharashtra with their eligibility, specializations offered, admission process, fees, etc.

List of Top 10 MBA Colleges in Maharashtra with Low Fees

Below mentioned is the complete list of the best MBA colleges in Maharashtra with low fees along with their address, fees, eligibility criteria, specialization offered, and admission process.

1. Savitribai Phule Pune University (SPPU)

Savitribai Phule Pune University (SPPU), earlier known as the University of Pune, is a public state university in Pune, India. Established in 1949, the university has a large campus covering 411 acres in the Ganeshkhind area. It includes 46 academic departments, around 307 recognized research institutes, and 612 affiliated colleges that offer both undergraduate and graduate courses. In 2022, the university was ranked 12th in the NIRF rankings.

• Address: Ganeshkhind Rd, Ganeshkhind, Pune, Maharashtra 411007
• Fees: INR 2.5 lakh - INR 3 lakh
• Eligibility Criteria: The candidates who are going to be admitted to the MBA colleges in Maharashtra with low fees must have scored at least 50% in graduation (45% for selected category students). They must have a valid score in any of the exams such as CAT, CMAT, MAH CET, etc. to get admission to MBA courses in Maharashtra.
• Admission Process: Admission to this university will be through entrance exams like CAT, MAH CET, CMAT, and admission tests conducted by Savitribai Phule Pune University (SPPU). Candidates need to submit their application form with essential documents and application fees for the admission procedure. Selected candidates will be contacted for the counselling procedure.
• Specializations Offered: Specializations offered by this university are tabulated below.

2. Balaji Institute of Modern Management

BIMM Institute of Management (BIMM) is a highly rated B-School in Pune and the flagship institute of Sri Balaji University, Pune. According to the TOI B-School Survey in 2019, it was ranked among the top three B-Schools in Pune and the top six in India. Approved by AICTE and the Ministry of HRD, Government of India, MIMA offers a full-time two-year MBA program with specializations in General Management, IT & Marketing, and PM & HRD. It also provides an Executive MBA program for experienced professionals.

• Address: Survey No. 55/2-7, Off Mumbai-Bangalore Bypass, Tathawade, Pune, Maharashtra 411033
• Fees: INR 12 lakh - INR 15 lakh
• Eligibility Criteria: The minimum marks a student needs to score in graduation is 50% for the general category and 45% marks for the reserved category students. 
• Admission Process: Candidates need to appear in any of the following exams such as CAT, MAT, CAT, CMAT, XAT, and MAH CET to get admission to the top MBA colleges in Maharashtra with low fees. After clearing the cut-off score, students need to appear in a personal interview and group discussion to get admission to the Balaji Institute of Modern Management.
• Specializations Offered: The list of specializations offered by this university is mentioned in the table below.

3. Indira Institute of Management

Indira Institute of Management (IIMP), located in Pune, Maharashtra, was established in 1994. It is a well-known institute offering Degree and Diploma courses at undergraduate (UG) and postgraduate (PG) levels. The courses are available in fields like Business & Management Studies, Banking, Finance & Insurance, and Mass Communication & Media. IIMP offers popular programs such as MBA/PGDM and BBA in full-time mode. The institute has experienced faculty specializing in areas like Digital Marketing, Healthcare & Hospital Management, and Sales & Marketing. The fee for these courses ranges from INR 30,000 to 7,00,000.

• Address: 85/5 A, Tapasya, New Mumbai Pune Highway, Tathawade, Pune - 411033 
• Fees: INR 2 lakh-INR 4 lakh
• Eligibility Criteria: A candidate will be eligible to be admitted to the MBA colleges in Maharashtra with low fees if they have scored at least 50% (for the general category) marks in the graduation standard. For the reserved category students, the minimum mark required is 45%.
• Admission Process: Admission to the Indira Institute of Management will be through entrance exams like CAT, MAH CET, CMAT, and AMTA. Candidates should submit the online application once the online portal opens by the institute. They must submit all the essential documents along with the application fees.
• Specializations Offered: The list of specializations offered by this university is mentioned in the table below.

Also Read: List of Colleges for MBA Data Science & Business Analytics

4. G H Raisoni Institute of Business Management

G H Raisoni School of Business Management, Nagpur, was established in 2008 and is located in Nagpur, Maharashtra. The institute offers full-time undergraduate (UG) and postgraduate (PG) courses. These programs are taught by expert faculty members who have extensive experience and research in fields like Computer Science and others. The course fees at G H Raisoni School of Business Management range between INR 1,50,000 and 1,74,836.

• Address: Khasra No. 50, Plot No.1, Near, No. 3, CRPF Rd, Madhav Nagri, Nagpur, Maharashtra 440016
• Fees: INR 2.5 lakh- INR 3.5 lakh
• Eligibility Criteria: Candidates seeking admission to the MBA courses in this institute need to complete graduation from a recognized university or institute with at least 50% marks (for general candidates). For reserved category candidates, the minimum qualifying mark is 45%. 
• Admission Process: The admission to this institute will be through percentile scored by a student in the entrance exams such as MAH CET, CAT, MAT, XAT, CMAT, and ATMA. Candidates need to submit their online application with the required documents and application fees. Shortlisted candidates will be informed by the institute of the next steps in the admission process. It is regarded as one of the best MBA colleges in Maharashtra with low fees.
• Specializations Offered: The list of specializations offered by this university is mentioned in the table below.

5. Dr. D.Y. Patil Vidyapeeth

Dr. DY Patil Vidyapeeth (DPU), Pune, was established in 2003 and is recognized as a “Category-I Deemed to be University” by the University Grants Commission (UGC). The university is accredited with an ‘A++’ grade by NAAC. DPU comprises 14 institutions offering courses in Medicine, Dentistry, Nursing, Physiotherapy, Optometry, Biotechnology, Management, and Homeopathy.  

In the NIRF 2024 rankings, DPU secured the 11th position in the Medical category, 5th in the Dental category, and 63rd overall. The university is a member of institutions like the Association of Indian Universities (AIU), Association of Commonwealth Universities (ACU), and India International Centre (IIC).

• Address: Sant Tukaram Nagar, Pimpri Colony, Pimpri-Chinchwad, Maharashtra 411018
• Fees: INR 3 lakh- INR 5 lakh
• Eligibility Criteria: A candidate who has completed the graduation degree from a recognized institute with at least 50% marks can apply during the admission procedure. Candidates from the reserved category need to score at least 45% marks. It is considered to be one of the top MBA colleges in Maharashtra with low fees.
• Admission Process: All the eligible candidates need to appear in any of the entrance exams such as CAT, GMAT, XAT, CMAT, MAT, ATMA, MAH CET, or PERA CET and must have a valid score to secure a seat in this institute. Students need to fill out the online application form and submit all the required documents with the application fees. Candidates will be contacted by the university for the next steps such as written assessment and interview.  
• Specializations Offered: Here are the specializations this institute offers to the students are mentioned in the table below.

6. Shivaji University (School of Commerce & Management)

Established in 2004, the Department of Commerce and Management - MBA Unit at Shivaji University is located in Kolhapur, Maharashtra. The institute offers full-time postgraduate (PG) degree courses, including MBA/PGDM programs, under the Business & Management Studies stream. These programs are taught by highly qualified faculty members.  

The is one of the top MBA colleges with minimum fees in Maharashtra that provides quality education at affordable fees, ensuring accessibility for students. This allows eligible you to acquire the knowledge and skills needed in your chosen field of study

• Address: M7J4+FQR, Vidyanagar, Kolhapur, Maharashtra 416004
• Fees: INR 1 lakh- INR 2 lakh
• Eligibility Criteria: For students seeking admission to the MBA colleges in Maharashtra with low fees, a graduation degree with at least 50% marks for the General category and at least 45% marks for the reserved category from any recognized university or institute is mandatory. For students outside of Maharashtra, a graduation degree with at least 50% marks for all categories is required for admission.
• Admission Process: The admission process at this institute will be held through a centralized admission process (CAP) conducted by this institute. Candidates need to appear in the CET exam conducted by Maharashtra CET Cell to get a chance in the admission process.
• Specializations Offered: The specializations that are offered in this institute to the students are mentioned in the table below.

Also Read: Top 10 MBA Colleges in Pune with Low Fees

7. Jamnalal Bajaj Institute of Management Studies (JBIMS), University of Mumbai

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai, is one of the best MBA college in Mumbai with low fees. It was ranked 10th in the *Outlook ICARE Ranking 2024* and 19th in the *IIRF Ranking 2024*. Established in 1965 by the University of Mumbai, JBIMS is accredited by the All India Council for Technical Education (AICTE) and has a legacy of over 52 years as one of India’s oldest B-Schools.

JBIMS was the first institute in India to offer a full-time, 2-year *Master in Management Studies (MMS)* program, with an intake of about 150-160 students, where most seats are reserved for Maharashtra domicile candidates. The institute also offers Undergraduate (UG), Postgraduate (PG), and PhD programs across specializations like Management, Human Resources, and more.

• Address: 164, HT Parekh Marg, Backbay Reclamation, Churchgate, Mumbai, Maharashtra 400020
• Fees: INR 6 - INR 7 Lakhs
• Eligibility Criteria: You must have at least 60% marks in the 10+2 standard and at least 50% marks in the graduation standard from a recognized institute to be eligible for the MBA colleges in Maharashtra with low fees. Apart from that, candidates need to have a valid score in any of the exams such as MAH CET, MAT, XAT, CAT, CMAT, and ATMA which is also essential for the admission process.
• Admission Process: You need to apply online for this admission procedure. Based on their marks in any of the exams such as MAH CET, MAT, XAT, CAT, CMAT, and ATMA, candidates will be called for a written test and personal interview. The ones who clear both tests will be allowed to be admitted to your respective programs.
• Specializations Offered: Tabulated below are the popular specialisations offered at the institute:

Selecting MBA colleges in Maharashtra with low fees can be a challenging task for the candidates. Candidates need to filter out the best colleges that offer MBA courses without compromising the quality of education. Lower fees can give some relief against the financial burden of their higher education. Candidates must explore all sorts of opportunities during the MBA program and achieve their career goals.

Also Read:

• Steps to Build Your Profile for Admission to Top MBA Colleges in India 2025
• Which IIM Can I Get with 90 Percentile in CAT 2025?

Why Choose MBA Colleges in Maharashtra with Low Fees?

There are multiple top-tier colleges in Maharashtra where students can enroll in any management course. Some colleges offer MBA courses at an affordable cost in this state. The compelling reasons for students to choose MBA colleges in Maharashtra with low fees are mentioned below.

• Budget-Friendly and Quality Education- Some of you look for quality education at an affordable cost for your MBA Degree. Thousands of students are admitted to this type of college to get rid of the financial burden of their MBA degrees. It will help you to get into colleges where you can get a quality and budget-friendly education.
• Placement Opportunities- Colleges with good reputations should have good placement opportunities. Hence, you will be hired in a good organization with decent packages. You will get practical and industrial knowledge during your summer internships.
• Multiple Specializations- One of the key reasons to choose the MBA Colleges in Maharashtra with low fees is that it offers various specializations in management studies. Hence, students can choose any specializations offered by those colleges.
• Exposure to Different Business Industries- You have all the advantages of the business atmosphere of Maharashtra State. It has a dynamic business environment which will help the students to gain practical knowledge in different business industries such as Finance, Marketing, IT, Consulting, FMCG, etc.
• Diversity in the Campus- Candidates from all over India will be admitted to MBA colleges in India. Hence, there will be students from different cultures, religions, and societies inside the campus of such colleges. The diversity inside the college campus will be maintained.