Top 10 MBA/PGDM Colleges in Maharashtra, Ranked on Official Data
Reviewed monthly · last reviewed 1 Oct 2026 · list last changed 19 Oct 2026
| # | College | Think Grads Rating | NIRF rank | Location |
|---|---|---|---|---|
| 1 | Indian Institute of Management Mumbai | 4.5/5 based on 3 of 6 factors | #6 (2025) | Mumbai, Maharashtra |
| 2 | Symbiosis Institute of Business Management | 4.5/5 based on 3 of 6 factors | #11 (2025) | Pune, Maharashtra |
| 3 | Indian Institute of Technology Bombay | 4.5/5 based on 3 of 6 factors | #14 (2025) | Maharashtra |
| 4 | S. P. Jain Institute Of Management & Research | 4.5/5 based on 3 of 6 factors | #20 (2025) | Mumbai City, Maharashtra |
| 5 | Svkm’s Narsee Monjee Institute Of Management Studies | 4.5/5 based on 3 of 6 factors | #24 (2025) | Mumbai Suburban, Maharashtra |
| 6 | Indian Institute of Management Nagpur | 4.5/5 based on 3 of 6 factors | #25 (2025) | Nagpur, Maharashtra |
| 7 | Somaiya Vidyavihar University | 3.4/5 based on 3 of 6 factors | #65 (2025) | Mumbai Suburban, Maharashtra |
| 8 | Prin. L.N. Welingkar Institute Of Management Development & Research, Maharashtra | 4.6/5 based on 4 of 6 factors | #75 (2025) | Mumbai City, Maharashtra |
| 9 | National Institute Of Bank Management | 4.3/5 based on 3 of 6 factors | #91 (2024) | Pune, Maharashtra |
| 10 | Institute Of Management Technology, Nagpur | 4.3/5 based on 3 of 6 factors | #99 (2025) | Nagpur, Maharashtra |
How we ranked these colleges
Colleges in NIRF's national top 100 for the management category are listed first, in NIRF order, and the rest follow by the Think Grads Rating.
The rating uses official data only. It looks at academic standing, student demand, approvals and standing, outcomes and value, and transparency. Each college is compared with every college in India that offers the same course.
Maharashtra has 338 rated MBA/PGDM colleges. Colleges cannot pay to be listed or to change their position.
1. Indian Institute of Management Mumbai
Indian Institute of Management Mumbai is at position 1 in Maharashtra, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 6 in the management category.
On academic standing, it scores higher than 99% of the colleges it was compared with. On official disclosures, it scores higher than 93%. On approvals and standing, it scores higher than 54%.
Good fit if you want a college with the strongest NIRF 2025 management rank on this list.
Cutoffs · Fees · Is it genuine? · Compare with Symbiosis Institute of Business Management
2. Symbiosis Institute of Business Management
Symbiosis Institute of Business Management in Pune is at position 2, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 11 in the management category.
Its academic standing scores higher than 99% of the colleges it was compared with. Its official disclosures score higher than 93%. Its approvals and standing score higher than 54%.
Good fit if you want a nationally ranked management institute in Pune, as shown by its NIRF 2025 rank of 11.
Cutoffs · Fees · Is it genuine? · Compare with Indian Institute of Technology Bombay
3. Indian Institute of Technology Bombay
Indian Institute of Technology Bombay, in Maharashtra, is at position 3, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 14 in the management category.
On academic standing, it scores higher than 99% of the colleges it was compared with. On official disclosures, it scores higher than 93%. On approvals and standing, it scores higher than 54%.
Good fit if you want a nationally ranked management programme, backed by its NIRF 2025 rank of 14.
Cutoffs · Fees · Is it genuine? · Compare with S. P. Jain Institute Of Management & Research
4. S. P. Jain Institute Of Management & Research
S. P. Jain Institute Of Management & Research in Mumbai City is at position 4, with a Think Grads Rating of 4.5. It is a private institute, and NIRF 2025 ranked it 20 in the management category.
Its academic standing scores higher than 98% of the colleges it was compared with. Its official disclosures score higher than 93%. Its approvals and standing score higher than 54%.
Good fit if you want a private management institute in Mumbai City with a NIRF 2025 rank of 20.
Cutoffs · Fees · Is it genuine? · Compare with Svkm’s Narsee Monjee Institute Of Management Studies
5. Svkm's Narsee Monjee Institute Of Management Studies
Svkm's Narsee Monjee Institute Of Management Studies in Mumbai Suburban is at position 5, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 24 in the management category.
NAAC graded it A++ with a CGPA of 3.67, valid until 27 Jun 2030. Its academic standing scores higher than 97% of the colleges it was compared with.
Good fit if you want a college with a NAAC A++ grade and a NIRF 2025 rank of 24.
Cutoffs · Fees · Is it genuine? · Compare with Indian Institute of Management Nagpur
6. Indian Institute of Management Nagpur
Indian Institute of Management Nagpur is at position 6, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 25 in the management category.
Its academic standing scores higher than 98% of the colleges it was compared with. Its official disclosures score higher than 93%. Its approvals and standing score higher than 54%.
Good fit if you want a nationally ranked management institute in Nagpur, as shown by its NIRF 2025 rank of 25.
Cutoffs · Fees · Is it genuine? · Compare with Somaiya Vidyavihar University
7. Somaiya Vidyavihar University
Somaiya Vidyavihar University in Mumbai Suburban is at position 7, with a Think Grads Rating of 3.4. NIRF 2025 ranked it 65 in the management category.
NAAC graded it A with a CGPA of 3.01, valid until 7 Nov 2029. Its academic standing scores higher than 58% of the colleges it was compared with.
Good fit if you want a private university in Mumbai Suburban with a NAAC A grade and a NIRF 2025 rank of 65.
Cutoffs · Fees · Is it genuine? · Compare with Prin. L.N. Welingkar Institute Of Management Development & Research, Maharashtra
8. Prin. L.N. Welingkar Institute Of Management Development & Research
Prin. L.N. Welingkar Institute Of Management Development & Research in Mumbai City is at position 8, with a Think Grads Rating of 4.6. NIRF 2025 ranked it 75 in the management category.
Its MAH-MBA CET 2025 round 3 closing rank for M. M. S., General category, state-level seats, was 534. Its student demand scores higher than 99% of the colleges it was compared with.
Good fit if you hold a MAH-MBA CET rank near 534 in the General category.
Cutoffs · Fees · Is it genuine? · Compare with National Institute Of Bank Management
9. National Institute Of Bank Management
National Institute Of Bank Management in Pune is at position 9, with a Think Grads Rating of 4.3. NIRF 2024 ranked it 91 in the management category.
Its academic standing scores higher than 91% of the colleges it was compared with. Its official disclosures score higher than 93%. Its approvals and standing score higher than 54%.
Good fit if you want a private management institute in Pune with a NIRF 2024 rank of 91.
Cutoffs · Fees · Is it genuine? · Compare with Institute Of Management Technology, Nagpur
10. Institute Of Management Technology, Nagpur
Institute Of Management Technology, Nagpur, is at position 10 with a Think Grads Rating of 4.3. NIRF 2025 ranked it 99 in the management category. It is a private institution.
It scores higher than 90% of compared colleges on academic standing and higher than 93% on official disclosures.
Good fit if you want a private college in Nagpur with a NIRF 2025 management rank of 99.
Cutoffs · Fees · Is it genuine? · Compare with National Institute Of Bank Management
How the top three compare
The top three colleges share a Think Grads Rating of 4.5. They differ in location and NIRF 2025 management rank. Indian Institute of Management Mumbai is ranked 6, Symbiosis Institute of Business Management 11 and Indian Institute of Technology Bombay 14.
The three score alike on each factor: higher than 99% of compared colleges on academic standing, 93% on official disclosures and 54% on approvals and standing. Symbiosis is in Pune, and the other two are in Mumbai or Maharashtra.
How to choose, and your chances
Use this list as a starting point, then match it to your own entrance rank, category and budget. Check each college's official closing ranks and approvals before applying.
The ranking uses official data only, and colleges cannot pay to change their position. Each college on Think Grads has its own cutoff, fees and "is it genuine?" pages. The Think Grads college finder and compare tool can help you build a shortlist from these 10 colleges.
What changed this month
- No changes this month: the latest official data did not change the order.
Frequently asked questions
Which is the top MBA/PGDM college in Maharashtra?
Indian Institute of Management Mumbai is ranked #1 on the Think Grads list for MBA/PGDM in Maharashtra, with a Think Grads Rating of 4.5. NIRF 2025 ranked it 6 in the management category.
How many MBA/PGDM colleges does Think Grads rate in Maharashtra?
Think Grads has rated 338 MBA/PGDM colleges in Maharashtra, and this list shows the 10 that rank highest. The ratings use official data only, and the list was last reviewed in October 2026.
How does Think Grads rank MBA colleges?
Colleges in NIRF's national top 100 for the management category come first, in NIRF order. The rest follow by the Think Grads Rating. The rating compares each college with every college in India offering the same course, using official data only.
Can a college pay to be listed higher?
No. Colleges cannot pay to be listed or to change their position on the list. The ranking is computed from official data only, and it is reviewed every month when new official data arrives.
What is the MAH-MBA CET closing rank for Welingkar?
In 2025 round 3, the MAH-MBA CET closing rank for M. M. S. at Prin. L.N. Welingkar Institute Of Management Development & Research was 534 for General category, state-level seats. Check official counselling data before applying.
Which Maharashtra MBA college has a NAAC A++ grade?
NAAC graded Svkm's Narsee Monjee Institute Of Management Studies A++ with a CGPA of 3.67. The grade is valid until 27 Jun 2030, and the institute is at position 5 on this list.
Which MBA colleges on this list are in Nagpur?
Two Nagpur colleges are on the list. Indian Institute of Management Nagpur is at position 6 with a rating of 4.5, and Institute Of Management Technology, Nagpur is at position 10 with a rating of 4.3.
How often is this list updated?
The list is reviewed every month, when new official data arrives. This version was reviewed in October 2026, and the positions come from official data and the Think Grads Rating.