The CAT 2025 answer key and response sheet have been released and is now available at iimcat.ac.in. The objection window will open from December 8 to December 10, with a fee of ₹1200 per objection.
The CUET PG 2026 notification is expected in December 2025, with registrations likely to begin soon. Following last year’s timeline, application registrations may open in December–January.
The MICAT Phase 1 Admit Card 2026 has been released on the official website, mica.ac.in. Candidates who completed their registration by November 23 can download the admit card using their MICA ID and date of birth. MICAT Phase 1 is scheduled to be conducted on December 6, 2025.
ATMA 2026 registration for the February session is currently open, with the registration window available until February 10, 2026. The fee payment deadline is February 9, 2026. The exam will be conducted in computer-based mode on February 22, 2026.
Maharashtra is one of India’s best states for management education, thanks to Mumbai’s global finance hub and Pune’s growing IT and manufacturing sectors. The state has over 760 MBA colleges, including top names like JBIMS, SPJIMR, NMIMS, and SIBM Pune, which placed over 95% of students in 2025. Top recruiters included Goldman Sachs, HDFC, Deloitte, and TCS.
If you’re planning for MBA admission in 2026 through MH CET or CAT, this guide helps you choose the right college based on fees, placements, cutoffs, and ROI—so you can aim for top roles in finance, consulting, or analytics.
Whether you’re a fresh graduate targeting JBIMS (99.9+ MH CET percentile) or a working professional applying to NMIMS, Maharashtra offers strong corporate links, great learning opportunities, and powerful alumni networks.
Maharashtra continues to shine in management education, with SPJIMR Mumbai ranked #6 in India and IIM Nagpur rising to #27 in the NIRF 2025 Rankings. The rankings give 30% weightage to teaching quality and 20% to placements, highlighting how these institutes balance academics with industry outcomes.
In 2025, MH CET cutoffs touched the 99.95th percentile, with over 1.5 lakh applicants competing for top B-schools across the state. Below is a quick comparison of the top 10 MBA colleges in Maharashtra based on NIRF rank, average placement, total fees, and ROI — helping you shortlist the best fit for 2026 admissions.
| College Name | Total Fees (INR) | Average Placement (LPA) | ROI Highlights |
|---|---|---|---|
| SPJIMR Mumbai | 21,00,000 | 28.70 LPA | Excellent ROI with top-tier placements in Consulting & Strategy |
| JBIMS Mumbai | 6,00,000 | 27.00 LPA | Highest ROI; top recruiters include Deloitte, HDFC, and EY |
| NMIMS Mumbai | 23,90,000 | 25.50 LPA | Strong corporate network and flexible admission options |
| SIBM Pune | 23,00,000 | 26.77 LPA | Known for Marketing & HR; strong alumni connect |
| SCMHRD Pune | 20,50,000 | 22.00 LPA | Excellent for HR, Analytics & Operations |
| Welingkar Mumbai | 15,00,000 | 15.50 LPA | Good ROI with focus on innovation and entrepreneurship |
| KJ Somaiya Mumbai | 18,50,000 | 12.50 LPA | Rising B-school with diverse specializations |
| SIMSREE Mumbai | 1,34,000 | 10.90 LPA | Government college offering unbeatable ROI |
| PUMBA Pune | 1,32,000 | 8.50 LPA | Affordable fees, good placements for finance & marketing |
| IIM Nagpur | 18,90,000 | 17.00 LPA | Backed by IIM brand, strong focus on emerging sectors |
To get admission into top MBA colleges in Maharashtra, candidates must meet the following basic requirements:
Educational Qualification:
A bachelor’s degree in any discipline from a recognized university.
Minimum 50% aggregate marks (for the General category).
45% marks required for candidates belonging to reserved categories (SC/ST/OBC/PwD) from Maharashtra state.
Entrance Exams Accepted:
MH CET MBA 2026 (state-level entrance test)
CAT 2025, CMAT, or GMAT (accepted by select institutes like SPJIMR, NMIMS, and SIBM Pune)
Seat Reservation (for Maharashtra State candidates):
85% seats are reserved for Maharashtra domiciles through the CAP (Centralized Admission Process).
Within these seats:
27% for OBC
13% for SC
7% for ST
10% for EWS (Economically Weaker Section) — also eligible for fee waivers up to INR1 lakh in government colleges.
All India Quota:
15% seats are open to candidates from other states, based on CAT/CMAT scores.
Additional Weightages:
Work Experience: Adds 5–10% weightage in institutes like SPJIMR Mumbai and NMIMS during the selection process.
GD/PI Performance, Academic Record, and Diversity are also considered in final merit lists.
Tip for 2026 Aspirants:
Start preparing early for CAT 2025 or MH CET 2026, as CAP rounds for Maharashtra MBA colleges are expected to begin in April 2026.
Maharashtra continues to lead India’s management education space with affordable government institutes and world-class private B-schools offering strong placements and ROI. Whether you’re targeting MH CET 2026 or CAT 2025, here’s a complete overview to help you choose your best-fit MBA college.
Government institutes in Maharashtra offer excellent ROI, with fees below INR2 lakh and average placements up to INR27 LPA. Most prioritize MH CET scores (99+ percentile) and offer high placements in banks, PSUs, and logistics sectors.
| Rank | College Name | Total Fees (INR) | Average Placement (LPA) |
|---|---|---|---|
| 1 | JBIMS Mumbai | 6,00,000 | 27.00 LPA |
| 2 | SIMSREE Mumbai | 1,34,000 | 10.90 LPA |
| 3 | PUMBA Pune | 1,32,000 | 8.50 LPA |
| 4 | ADMS Mumbai | 1,25,000 | 9.00 LPA |
| 5 | VJTI Mumbai | 1,50,000 | 7.50 LPA |
Highlights:
ROI: Up to 1500% at JBIMS and SIMSREE
Placement Rate: 95%+ in PSUs and top banks
NIRF 2025 Band: Ranked in 26–50 range nationally for inclusivity and affordability
Private B-schools like SIBM and SPJIMR are known for global partnerships, strong placements, and diverse peer groups. They accept CAT (95+ percentile) and MH CET scores.
| College Name | Total Fees (INR) | Average Placement (LPA) |
|---|---|---|
| SPJIMR Mumbai | 21,00,000 | 28.70 LPA |
| NMIMS Mumbai | 23,90,000 | 25.50 LPA |
| SIBM Pune | 23,00,000 | 26.77 LPA |
| SCMHRD Pune | 20,50,000 | 22.00 LPA |
| Welingkar Mumbai | 15,00,000 | 15.50 LPA |
Highlights:
International Tie-ups: Harvard, ESCP, and NUS
Global Exposure: 90%+ students get an internship or a project abroad
Top Domains: Analytics, Consulting, Finance, and Marketing
Integrated 5-year programs combine undergraduate and MBA studies, saving time and offering early exposure through internships. These are ideal for students after Class 12.
| College Name | Fees (5 Years) (INR) | Average Placement (LPA) |
|---|---|---|
| NMIMS Mumbai | 30,00,000 | 20.00 LPA |
| MIT WPU Pune | 25,00,000 | 12.00 LPA |
| Sri Balaji Pune | 22,00,000 | 15.00 LPA |
| Amity Pune | 20,00,000 | 10.00 LPA |
| Universal AI Mumbai | 18,00,000 | 11.50 LPA |
Highlights:
Entrance: IPMAT or NMIMS NPAT (May 2026)
Eligibility: Minimum 60% in Class 12
Internships: Up to 40% of program time dedicated to practical learning
For students focused on value-for-money, these institutes deliver high ROI and strong local placements in finance, operations, and consulting.
| College Name | Total Fees (INR) | Average Placement (LPA) |
|---|---|---|
| SIMSREE Mumbai | 1,34,000 | 10.90 LPA |
| PUMBA Pune | 1,32,000 | 8.50 LPA |
| ADMS Mumbai | 1,25,000 | 9.00 LPA |
Highlights:
ROI: Up to 800%
Placement Rate: 90%+ in banks like ICICI, HDFC, and SBI
Specialization Strengths: Finance, Operations, and Marketing
MBA education in Maharashtra offers a wide fee range — from ₹1.25 lakh at public institutes to ₹24 lakh at premium private B-schools. Yet, the return on investment (ROI) remains strong across categories, especially for government colleges with minimal fees and high placement packages.
Government Colleges: ₹1.25L – ₹6L
Private Colleges: ₹15L – ₹24L
Integrated (BBA + MBA): ₹18L – ₹30L (for 5 years)
| College Name | Total Fees (₹) | ROI (%) |
|---|---|---|
| JBIMS Mumbai | 6,00,000 | 800% |
| SIMSREE Mumbai | 1,34,000 | 1,525% |
| SPJIMR Mumbai | 21,00,000 | 173% |
| NMIMS Mumbai | 23,90,000 | 113% |
Insights:
Best ROI: SIMSREE & JBIMS — due to low fees and strong ₹10–27 LPA packages
Premium Value: SPJIMR & NMIMS — high global exposure and corporate ties
Overall ROI Range: 100% to 1,500%+, depending on college type
1. Government Scholarships:
SC/ST & OBC Candidates: ₹50,000–₹2,00,000 tuition fee reimbursement under the Maharashtra Government Post-Matric Scholarship Scheme.
EWS Students: Up to ₹1 lakh waiver in state-run universities.
2. Education Loan Subsidies:
Vidya Lakshmi Portal: Offers up to 7% interest subsidy for economically weaker students pursuing an MBA.
3. Institute-Specific Scholarships:
SPJIMR & NMIMS: Merit-based and need-based scholarships covering 25–100% of tuition.
SIBM Pune: “Bright Minds Scholarship” for top 10 CAT scorers (full tuition waiver).
| Exam Name | Key Colleges Accepting | Expected Exam Date | Target Percentile | Highlights |
|---|---|---|---|---|
| MH CET 2026 | JBIMS, SIMSREE, PUMBA, Welingkar, SIES | March 2026 | 99 – 99.95 | State exam for 85% Maharashtra quota; fast-paced quant-heavy paper |
| CAT 2025 | SPJIMR, NMIMS, SIBM Pune, SCMHRD, IIM Nagpur | Nov 30, 2025 | 95 – 99 | Opens doors to national-level and private B-schools |
| XAT 2026 | XLRI (affiliates), SIBM Pune, Welingkar | Jan 2026 | 95+ | Essay + Decision Making sections; ideal for HR & analytics aspirants |
| CMAT 2026 | Welingkar, MET, NL Dalmia | April 2026 | 90+ | Moderate difficulty; accepted by mid-tier private colleges |
The MH CET 2025 cutoffs went up to 99.95th percentile for JBIMS, with similar trends expected for CAP Round 1 (April 2026). The All India Quota cutoff was 99.92 for Welingkar Mumbai.
| College Name | MH CET 2025 Cutoff (Percentile) |
|---|---|
| JBIMS Mumbai | 99.95 |
| SIMSREE Mumbai | 99.90 |
| PUMBA Pune | 99.80 |
| Welingkar Mumbai | 99.92 |
| SIES Mumbai | 99.85 |
| MET Mumbai | 99.70 |
| NL Dalmia Mumbai | 99.60 |
| Chetana Mumbai | 99.50 |
| XIMR Mumbai | 99.40 |
| ITM Navi Mumbai | 99.30 |
Pro Tip:
To crack JBIMS, target 155+ marks in MH CET 2026, with strong speed and accuracy in Quant & Logical Reasoning.
| College Name | CAT 2025 Cutoff (Percentile) | Seats | Key Focus Area |
|---|---|---|---|
| SPJIMR Mumbai | 98+ | 150 | Finance & Consulting; Social Innovation Track |
| NMIMS Mumbai | 95+ | 500+ | Business Analytics, Marketing |
| SIBM Pune | 97+ | 240 | Operations & Strategy; accepts SNAP/CAT both |
| SCMHRD Pune | 95+ | 180 | HR & Business Analytics |
| IIM Nagpur | 96+ | 155 | Agri-business, Supply Chain, and Public Policy |
Quick Insights:
SPJIMR: Shortlists via CAT + profile-based selection (GD/PI calls ~150).
NMIMS: Strong focus on data-driven specializations.
SIBM/SCMHRD: SNAP preferred, but CAT accepted for select tracks.
IIM Nagpur: Offers IIM-level learning witha focus on emerging sectors.
| Specialization | Top College Offering | Key Recruiters |
|---|---|---|
| Finance / Banking | JBIMS Mumbai | HSBC, JP Morgan, HDFC, Axis Bank |
| Human Resources (HR) | SCMHRD Pune | Tata, Infosys, Deloitte, Wipro |
| Business Analytics | NMIMS Mumbai | Accenture, Deloitte, PwC, EY |
| Marketing | SIBM Pune | HUL, Nestlé, Amazon, ICICI |
| Operations & Supply Chain | IIM Nagpur | Flipkart, Mahindra, Aditya Birla Group |
| IT & Systems | Welingkar Mumbai | Tech Mahindra, TCS, Capgemini |
| Entrepreneurship & Innovation | SPJIMR Mumbai | Startups, VC firms, PwC, BCG |
Trend 2026:
FinTech & Analytics specializations are in highest demand.
Average Packages: ₹15–30 LPA for top performers in Finance & Consulting roles.
Emerging Fields: Product Management, Sustainability, and Digital Strategy.
For candidates preferring to skip CAT/MH CET, several reputed institutes in Maharashtra offer direct or profile-based admissions through GD/PI rounds, academic performance, and work experience.
| College Name | Total Fees (₹) | Admission Criteria | Special Highlights |
|---|---|---|---|
| Sri Balaji University, Pune | 10.25 L | 50% in graduation + GD/PI | 200 seats; 70% seats filled by Oct–Dec 2025; strong in Marketing & HR |
| BIMHRD Pune | 8.65 L | Portfolio + Interview | Fintech-focused MBA with 90% placement record |
| MKES IMSR Mumbai | 7.50 L | Interview-only (for professionals) | Specialized MBA in Aviation & Service Management |
| FOSTIIMA Mumbai | 7.75 L | Work experience + GD/PI | Run by IIM alumni; strong in Operations & Entrepreneurship |
Direct Admission Tips:
Apply early (between October–December 2025) as most seats fill before entrance results.
Maintain a strong academic record and professional resume to improve shortlisting chances.
Some institutes may also consider Class 12 and graduation consistency for merit evaluation.
With 760+ MBA colleges, placements soaring up to ₹28 LPA, and competitive cutoffs (99+ percentile in MH CET and CAT), Maharashtra continues to attract the nation’s best talent. Government institutes like JBIMS and SIMSREE stand out for affordability and unmatched ROI, while private B-schools such as SPJIMR and SIBM offer global exposure and elite corporate connections.
As the MBA 2026 admission season approaches, focus on early preparation for CAT 2025 or MH CET 2026, build a strong profile, and choose institutes aligning with your career goals — be it finance, analytics, consulting, or marketing. With the right strategy, Maharashtra’s top B-schools can launch you into high-impact roles and long-term leadership success.
JBIMS Mumbai is very popular for MBA in Mumbai, Maharashtra. MBA at JBIMS Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. JBIMS Mumbai MBA fees is ₹1 L - ₹2 L.
NMIMS SBM Mumbai is very popular for MBA in Mumbai, Maharashtra. MBA at NMIMS SBM Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. NMIMS SBM Mumbai MBA fees is ₹5 L.
SIIB Pune is very popular for MBA in Pune, Maharashtra. MBA at SIIB Pune is a Masters program offered in multiple specializations for a duration of 2 Years. SIIB Pune MBA fees is ₹5 L.
K J Somaiya Institute of Management is very popular for MBA in Mumbai, Maharashtra. MBA at K J Somaiya Institute of Management is a Masters program offered in multiple specializations for a duration of 2 Years. K J Somaiya Institute of Management MBA fees is ₹5 L.
IIEBM, Indus Business School is very popular for MBA in Pune, Maharashtra.
MIT-WPU is very popular for MBA in Pune, Maharashtra. MBA at MIT-WPU is a Masters program offered in multiple specializations for a duration of 2 Years. MIT-WPU MBA fees is ₹5 L.
SIDTM is very popular for MBA in Pune, Maharashtra. MBA at SIDTM is a Masters program offered in multiple specializations for a duration of 2 Years. SIDTM MBA fees is ₹5 L.
NL Dalmia Institute is very popular for MBA in Mumbai, Maharashtra. MBA at NL Dalmia Institute is a Masters program offered in multiple specializations for a duration of 2 Years.
ITM Navi Mumbai is very popular for MBA in Navi Mumbai, Maharashtra. MBA at ITM Navi Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. ITM Navi Mumbai MBA fees is ₹5 L.
MIT-WPU is very popular for MBA in Pune, Maharashtra. MBA at MIT-WPU is a Masters program offered in multiple specializations for a duration of 2 Years. MIT-WPU MBA fees is ₹5 L.
Parul University is very popular for MBA in Vadodara, Gujarat. MBA at Parul University is a Masters program offered in multiple specializations for a duration of 2 Years. Parul University MBA fees is ₹3 L - ₹5 L.
Bharati Vidyapeeth is very popular for MBA in Pune, Maharashtra.
Pune Institute of Business Management is very popular for MBA in Pune, Maharashtra. MBA at Pune Institute of Business Management is a Masters program offered in multiple specializations for a duration of 2 Years. Pune Institute of Business Management MBA fees is ₹5 L.
Institute of Management and Entrepreneurship Development is very popular for MBA in Pune, Maharashtra. MBA at Institute of Management and Entrepreneurship Development is a Masters program offered in multiple specializations for a duration of 2 Years.
Symbiosis Pune (SCIT) is very popular for MBA in Pune, Maharashtra. MBA at Symbiosis Pune (SCIT) is a Masters program offered in multiple specializations for a duration of 2 Years. Symbiosis Pune (SCIT) MBA fees is ₹5 L.
MIT ADT is very popular for MBA in Pune, Maharashtra. MBA at MIT ADT is a Masters program offered in multiple specializations for a duration of 2 Years. MIT ADT MBA fees is ₹3 L - ₹5 L.
All India Shri Shivaji Memorial Society College of Engineering is very popular for MBA in Pune, Maharashtra.
Pimpri Chinchwad University [PCU], Pune is very popular for MBA in Pune, Maharashtra. MBA at Pimpri Chinchwad University [PCU], Pune is a Masters program offered in multiple specializations for a duration of 2 Years. Pimpri Chinchwad University [PCU], Pune MBA fees is ₹5 L.
Indira Institute of Management - IIMP is very popular for MBA in Pune, Maharashtra. MBA at Indira Institute of Management - IIMP is a Masters program offered in multiple specializations for a duration of 2 Years. Indira Institute of Management - IIMP MBA fees is ₹3 L - ₹5 L.
Lexicon Management Institute of Leadership and Excellence is very popular for MBA in Pune, Maharashtra. MBA at Lexicon Management Institute of Leadership and Excellence is a Masters program offered in multiple specializations for a duration of 2 Years. Lexicon Management Institute of Leadership and Excellence MBA fees is ₹5 L.
ICEM - Indira College of Engineering and Management is very popular for MBA in Pune, Maharashtra. MBA at ICEM - Indira College of Engineering and Management is a Masters program offered in multiple specializations for a duration of 2 Years. ICEM - Indira College of Engineering and Management MBA fees is ₹2 L - ₹3 L.
SSBF Pune is very popular for MBA in Pune, Maharashtra. MBA at SSBF Pune is a Masters program offered in multiple specializations for a duration of 2 Years.
ITM Navi Mumbai is very popular for MBA in Navi Mumbai, Maharashtra. MBA at ITM Navi Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. ITM Navi Mumbai MBA fees is ₹5 L.
National Institute of Construction Management and Research, Pune is very popular for MBA in Pune, Maharashtra. MBA at National Institute of Construction Management and Research, Pune is a Masters program offered in multiple specializations for a duration of 2 Years. National Institute of Construction Management and Research, Pune MBA fees is ₹5 L.
Indira Global Business School is very popular for MBA in Pune, Maharashtra. MBA at Indira Global Business School is a Masters program offered in multiple specializations for a duration of 2 Years.
Institute of Business Studies and Research, Navi Mumbai is very popular for MBA in Navi Mumbai, Maharashtra. MBA at Institute of Business Studies and Research, Navi Mumbai is a Masters program offered in multiple specializations for a duration of 2 Years. Institute of Business Studies and Research, Navi Mumbai MBA fees is ₹5 L.
SIMMC Pune is very popular for MBA in Pune, Maharashtra. MBA at SIMMC Pune is a Masters program offered in multiple specializations for a duration of 2 Years. SIMMC Pune MBA fees is ₹5 L.
Deogiri Institute of Engineering and Management Studies is very popular for MBA in Aurangabad, Maharashtra. MBA at Deogiri Institute of Engineering and Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years.
Pune Business School is very popular for MBA in Pune, Maharashtra.
Ramachandran International Institute of Management, [RIIM] Pune is very popular for MBA in Pune, Maharashtra.
SBIIMS Pune is very popular for MBA in Pune, Maharashtra. MBA at SBIIMS Pune is a Masters program offered in multiple specializations for a duration of 2 Years.
Thakur Institute of Management Studies and Research - TIMSR is very popular for MBA in Mumbai, Maharashtra. MBA at Thakur Institute of Management Studies and Research - TIMSR is a Masters program offered in multiple specializations for a duration of 2 Years. Thakur Institute of Management Studies and Research - TIMSR MBA fees is ₹1 L - ₹2 L.
Dr. D.Y. Patil Vidyapeeth Global Business School And Research Centre is very popular for MBA in Pune, Maharashtra. MBA at Dr. D.Y. Patil Vidyapeeth Global Business School And Research Centre is a Masters program offered in multiple specializations for a duration of 2 Years.
Sandip Institute of Technology And Research Centre (SITRC) is very popular for MBA in Nashik, Maharashtra. MBA at Sandip Institute of Technology And Research Centre (SITRC) is a Masters program offered in multiple specializations for a duration of 2 Years.
D Y Patil University, Ambi, Pune is very popular for MBA in Pune, Maharashtra. MBA at D Y Patil University, Ambi, Pune is a Masters program offered in multiple specializations for a duration of 2 Years.
Indira University is very popular for MBA in Pune, Maharashtra. MBA at Indira University is a Masters program offered in multiple specializations for a duration of 2 Years. Indira University MBA fees is ₹5 L.
GNIMS - Guru Nanak Institute of Management Studies is very popular for MBA in Mumbai, Maharashtra. MBA at GNIMS - Guru Nanak Institute of Management Studies is a Masters program offered in multiple specializations for a duration of 2 Years. GNIMS - Guru Nanak Institute of Management Studies MBA fees is ₹1 L - ₹2 L.
S B Jain Institute of Technology, Management and Research is very popular for MBA in Nagpur, Maharashtra. MBA at S B Jain Institute of Technology, Management and Research is a Masters program offered in multiple specializations for a duration of 2 Years.
All India Shri Shivaji Memorial Society's Institute of Management, [AISSMSIM] Pune is very popular for MBA in Pune, Maharashtra. MBA at All India Shri Shivaji Memorial Society's Institute of Management, [AISSMSIM] Pune is a Masters program offered in multiple specializations for a duration of 2 Years.
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