PGDM Colleges in Maharashtra 2026: Check Specialisations, Fees, Salary, ROI and Courses

Maharashtra​‍​‌‍​‍‌​‍​‌‍​‍‌ is a leader in education with a spread of PGDM colleges that are highly ranked all over the country for their futuristic curriculum and lively student life. These excellent institutions comprise not only IBS Pune, which has good placements, SP Jain Institute of Management and Research (SPJIMR) Mumbai, which is innovative but also Welingkar Institute of Management (WeSchool) Mumbai, which is widely acclaimed. In regard to the top PGDM colleges in Mumbai, SPJIMR and WeSchool could be considered as the best choice for management aspirants. These colleges are not just offering great learning opportunities but also performing well in placement rates and NIRF rankings. As per the NIRF rankings 2025, SPJIMR ranked at 20th position, and WeSchool ranked at 75th under the management category. 

The PGDM Colleges in Maharashtra offer a management education, which eventually helps the students to be leaders in the business sector. The essential qualifications of the candidates to be admitted are a bachelor’s degree with at least 50% marks. Besides that, obtaining a good score in any of the reputed entrance tests like XAT, CAT, SNAP, CMAT, or NMAT is mandatory.

Being the cream of the crop, these institutes provide various specialisations such as Finance, Marketing, Human Resources, Operations, Business Analytics, International Business and Entrepreneurship. As a result of relevant curricula aimed at developing leadership and analytical skills, students become capable of handling and succeeding in the ever-changing business ​‍​‌‍​‍‌​‍​‌‍​‍‌world.

The placement data in most of the colleges present in Maharashtra have been stable over the years. SPJIMR states offering an average salary of around INR 32 LPA, while IBS Pune offers an average salary of INR 30 LPA. The recruiters are from the consulting, IT, BFSI, FMCG, and e-commerce sectors thus, the aspirants have ample opportunities to advance their careers in the management field. Maharashtra’s PGDM colleges, with their challenging academics, industry interaction, and great placement support, continue to be amongst the top choices of the management ​‍​‌‍​‍‌​‍​‌‍​‍‌aspirants.

Top PGDM Colleges in Mumbai

Mumbai​‍​‌‍​‍‌​‍​‌‍​‍‌ is the city which is known for hosting the best PGDM colleges in India. These prestigious colleges provide numerous specialisations which are the perfect fit for the different career objectives and also have a very good record of campus placements, which makes them a great option for a career advancements. Among the top PGDM colleges in Mumbai, SPJIMR is the institute which offers General and Business Management courses, charging a yearly fee of INR 26.5 lakh, and an average salary of INR 32.1 LPA resulting in a high ROI of ​‍​‌‍​‍‌​‍​‌‍​‍‌146%. WeSchool provides innovative courses like E-Business and Business Design with fees of INR 7 lakh and average packages of INR 11.7 LPA. There are also many affordable choices as CIMR (INR 4.8 lakh fee, INR 7.04 LPA average, ROI 266%) and SFIMR (INR 2.27 lakh fee, INR 4.5 LPA average, ROI 198%), that give students great returns. Colleges like VBS, DSGBS, IES MCRC, and Valia School of Management with specialisations in Analytics, Finance, HR, and Operations have also become Mumbai's leading management aspirants centre where they deliver strong ​‍​‌‍​‍‌​‍​‌‍​‍‌ROI.

Note- The data mentioned in the above table is based on previous trends and for exact details and figures, visit the official website of the respective colleges.

Top PGDM Colleges in Mumbai According to NIRF 2025: 5-Year Trends

According to the 5-year trends of NIRF rankings in the management category, S.P. Jain Institute of Management & Research is performing well in the rankings and achieving high NIRF scores. As the table below shows that the SPJIMR has consistently held the 20th position over the last three years, from 2023 to 2025. Apart from that, WeSchool has improved its position in 2025 as compared to the 2024 rankings. The institute was holding the position of 84th in the NIRF rankings 2024, but in the NIRF rankings 2025, it improved its rankings by 11 positions and is holding 75th rank in the list. 

Top PGDM Colleges in Mumbai 5-Year Placement Trends

In regard to the top PGDM colleges in Mumbai, as per the placement rate, SPJIMR is the best choice among the long list of colleges. It offers the best median salary to its students of about INR 30 LPA to INR 32 LPA in the last three years. On the other hand, Weling Institute of Management is placing its management students under the median salary of around INR 10 LPA to INR 12 LPA. Although the Welinger Institute of Management offers more intakes to students in comparison to SPJIMR.

Here is the table which shows you the number of students admitted and how many of them were placed in the last three years. This data is based on the NIRF rankings of 2025, 2024, and 2023.

S.P. Jain Institute of Management & Research 

According to the NIRF data on SPJIMR, the institute has a good placement rate of 50% in the year 2022-21 and offered a median salary of INR 32 LPA in the year 2023-22. 

Welingkar Institute of Management (WeSchool)

As per the data given on the NIRF rankings under the management colleges, WeSchool offered great placements in the year 2023-22 with a 50.18% placement rate. However, the institute offers a median salary of INR 11.78 LPA in the same year. 

PGDM Colleges in Pune 2026

Pune has become a centre of PGDM education with a variety of specialisations and good placement records. Leading institutes like IFEE-L, ISB&M, IIMS, and Dr D.Y. Patil B-School offer programs in specialisations such as Finance, Marketing, HR, Operations, and other new areas like Agri-Business, Pharmaceutical Management, and Business Analytics. The fees vary considerably from INR 56,000 at VAMNICOM to INR 16.80 lakh at NIBM, whereas the salary packages go up to INR 30 LPA at Indus Business School and INR 27 LPA at Ramachandran International Institute. The cost of education at institutions like ASM’s IBMR, Western Business School, and Lexicon MILE is affordable, and the return on investment is high. With such diverse options providing international exposure, cooperative management in niche areas, Pune’s PGDM colleges are the perfect fit for any career goal, with great industry ‌ ‍ ​‍​‌‍​‍‌​‍​‌‍​‍‌connections.

Note- The numbers mentioned in the above table are based on previous trends and for exact information, candidates are advised to visit the official website of the colleges. 

Top PGDM Colleges in Navi Mumbai

Navi​‍​‌‍​‍‌​‍​‌‍​‍‌ Mumbai has emerged as a vibrant place of top B-schools catering to the needs of PGDM aspirants. Among various PGDM colleges in Navi Mumbai that are specialised in different fields and offer diverse returns on investments, the SIES School of Business Studies is the premier choice. With its programs in General, Pharma, Biotechnology, and Logistics Management, the school charges INR 8 lakhs while delivering an impressive average package of INR 32.10 LPA, thereby resulting in an extraordinary ROI of 400%. 

The Dr Mar Theophilus Institute of Management Studies is a place where students find a wide range of future-oriented and globally focused specialisations such as Finance & FinTech, International Marketing, Human Capital, and Supply Chain Management. It charges a fee of INR 6 lakh and offers an average package of 6.5 LPA, resulting in a moderate ROI of 108%.

On the other hand, the Oriental School of Business is offering a General PGDM at INR 5 lakh, thus achieving a reasonable return on investment of 132% with average placements at INR 6.6 ​‍​‌‍​‍‌​‍​‌‍​‍‌LPA.

Note- The figures in the above table are based on past data, and for the latest numbers, visit the official website of the institutes.