Top 10 UGC Approved MBA Colleges in Maharashtra for 2023

Studying at one of the top UGC-approved MBA colleges in Maharashtra is a great way to make your MBA dream come true. In this article, get the list of the top 10 MBA colleges in Maharashtra for 2023 along with their admission requirements. Keep reading to know more!

Table of Contents

Why is UGC Approval Required for MBA?
List of Top 10 UGC Approved MBA Colleges in Maharashtra …
Placements at Top 10 UGC Approved MBA Colleges in Maharashtra …
Other Top UGC Approved MBA Colleges in Maharashtra

Top 10 UGC Approved MBA Colleges in Maharashtra: Maharashtra admissions for the 2023-25 academic session are in full swing. With the conclusion of the MAH MBA CET 2023 , which is one of the top MBA entrance exams in the state, students must be looking for the right business school for them.

One of the key criteria while settling on a b-school is its recognition and approval and UGC (University Grants Commission) is the apex body that approves colleges, including those that offer MBA across India. Only the UGC-approved MBA colleges have the authority to award degrees under Section 22 of the UGC Act.

To keep students equipped with all the important information, this article will provide them with the list of the top 10 UGC-approved MBA Colleges in Maharashtra for 2023 along with other significant details.

Also Read: Top 10 AICTE-Approved MBA Colleges in India for 2023

Why is UGC Approval Required for MBA?

Yes, as mentioned before, UGC approval is required for an MBA course in India. Moreover, getting an MBA from a school that is recognised by the UGC has many benefits. Some of these are:

It makes sure that your degree in management is recognised both at home and around the world.
The University Grants Commission (UGC) is in charge of both funding and managing, setting, and keeping standards in colleges and universities.
The UGC is also in charge of the Ministry of Education (UGC). So, in order for higher education institutions or institutes to offer graduation courses, they must first get permission from the UGC.
A university that has been approved by the UGC is likely to have all the facilities it needs - a good ratio of teachers to students, and well-organized academic processes.

List of Top 10 UGC Approved MBA Colleges in Maharashtra 2023

Here are the top 10 UGC approved MBA colleges in Maharashtra, the programmes offered by them and the required course fees for each programme:

Name of the Institute	NIRF Ranking (as per 2022)	Cut-off Percentile
National Institute of Industrial Engineering, Mumbai	9	68.84
Indian Institute of Technology, Bombay	11	66.24
Symbiosis Institute of Business Management	17	66.24
S. P. Jain Institute of Management & Research	21	59.51
SVKM's Narsee Monjee Institute of Management Studies	25	58.14
Indian Institute of Management	43	52.84
Principal L N Welingkar Institute of Management Development and Research	68	46.76
K.J.Somaiya Institute of Management	71	46.31
Pune Institute of Business Management	91	43.63
Institute of Management Technology, Nagpur	95	42.61

Also Read: Top 10 UGC Approved MBA Colleges in Karnataka in 2023

Placements at Top 10 UGC Approved MBA Colleges in Maharashtra 2023

In the table below, students can see the top recruiting companies as well as the average and maximum salary packages provided by the Top 10 UGC-approved MBA colleges in Maharashtra:

Name of the Institute	Top 5 Recruiters	Annual Average Salary (in INR)	Highest Salary (in INR)
National Institute of Industrial Engineering, Mumbai	American Express, Dabur, Asian Paints, Pidilite, Accenture	25.4 LPA	49 LPA
Indian Institute of Technology, Bombay	Accenture, EXL, Amazon, ITC, Google	28.88 LPA	54 LPA
Symbiosis Institute of Business Management	EY, Accenture, Google, Wipro, Flipkart	4.40 LPA	4.40 LPA
S. P. Jain Institute of Management & Research	Accenture, Amazon, American Express, Barclays, BYJU’s	32.06 LPA	53.16 LPA
SVKM's Narsee Monjee Institute of Management Studies	Aditya Birla Capital, American Express, Goldman Sachs, Barclays, Tresvista	57.65 LPA	57.65 LPA
Indian Institute of Management	Accenture, EXL, Amazon, ITC, Google	26.64 LPA	54 LPA

Other Top UGC Approved MBA Colleges in Maharashtra

For students looking for more options to study MBA in Maharashtra, they can have a look at some other top UGC-approved MBA colleges in Maharashtra for the 2023-25 academic year:

Name of College	City
Amity University	Mumbai
Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development	Pune
National Insurance Academy	Pune
Vivekanand Education Society’s Institute of Management Studies and Research	Mumbai
Jamnalal Bajaj Institute of Management Studies (JBIMS)	Mumbai
International Institute of Management Studies (IIMS)	Pune
MIMA Institute of Management	Pune
Universal Business School (UBS)	Karjat
MIT World Peace University (MIT - WPU)	Pune
Vivekanand Business School (VBS)	Mumbai

All institutions should seek UGC accreditation since it is the only method for a university's degrees and certificates to be recognised as authentic. The University Grants Commission was established to maintain India's universities and colleges competitive with those across the globe. Most management students want to enter the workforce shortly after receiving their MBA. On the other hand, others would choose to learn more about management in general or to specialize in a particular management field by attending classes or taking online courses. If the UGC does not recognise their MBA degrees, the university where they wish to conduct management research may reject their applications.

Also Read:

Top 10 UGC Approved Distance MBA Colleges in India in 2023	Top 20 UGC Approved MBA Colleges in Delhi NCR in 2023

For any information related to admissions or to apply to the top 10 UGC approved MBA colleges in Maharashtra, please fill out the Common Application Form (CAF) or call our helpline number 1800-572-9877.

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Are LPU Online courses good? How can I take admission?

-Sumukhi DiwanUpdated on December 19, 2025 06:39 PM

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vridhi, Student / Alumni

LPIJ Online programs professionally designed hain aur industry standards ke according build kiye gaye hain, jisse students ko flexible learning ke saath high-quality education milti hai. Virtual classes, updated study material aur expert faculty support ke through learners apni speed par comfortably study kar sakte hain. Admission ke liye bas LPIJ Online portal par jaakar apna program select karo, registration form fill karo aur fee submit kar do—confirmation milte hi classes aur learning resources turant accessible ho jate hain. Aur sach kahen to, quality aur convenience dono milkar prove karte hain ki LPU is best!

I need to apply for LPU certificate. Please help!

-NikitaUpdated on December 16, 2025 09:50 PM

42 Answers

Vidushi Sharma, Student / Alumni

To apply for a certificate from LPU, you generally need to use the university’s online portal, known as the University Management System (UMS). Log in using your credentials and go to the certificate request or the relevant service section. Complete the required application form, upload necessary documents such as ID proof or fee receipts, and pay the applicable charges online. Once submitted, you can monitor the progress of your request directly through the portal.

Does this Institute has a PGDMLT?

-J ASHWINIUpdated on December 16, 2025 04:02 PM

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Akanksha, Content Team

Dear student, as per available information, Christian Medical College (CMC), Vellore offers Medical Laboratory Technology (MLT)–related courses, including Diploma in Medical Laboratory Technology (DMLT) at its Chittoor campus. However, a course specifically titled PGDMLT (Post Graduate Diploma in Medical Laboratory Technology) is not clearly mentioned in the official listings.

CMC does offer other postgraduate diploma programs in allied health and laboratory sciences. For confirmation of current postgraduate options, it is advisable to check the official CMC Vellore website or contact the admissions office directly.