If you're looking to further your career through graduate management education (PGDM), Maharashtra is one of India's top states for this. PGDM Program is a professional program that prepares you to work in any field and will help you become a leader in your chosen profession. This is a comprehensive guide to the top PGDM colleges in Maharashtra in 2026; we will highlight the Mulshi Group of Institutes (MGI) - Pune Official Website and provide you with five options along with a table to make comparisons easier overall and a conclusion that is designed around your goals.

1.  Mulshi Group of Institutes (MGI) – Pune
 

MGI is a management school worth considering. It stands out for its approach to education.

Why MGI?
 

Located in the Sahyadri hills near Mulshi Dam, Mulshi Group of Institutes (MGI) combines a calm setting with serious business training, which is rare.

MGI is supported by the Ignited Minds Society (IMS), which is run by leaders with experience from IIT and IIM. They bring research and industry insights into the classroom.

Academics

MGI provides complete, AICTE-approved PGDM programs through two schools:

• The Mulshi Institute of Business Management (MIBM)

• The Mulshi Institute of Retail Management (MIRM)

Both schools focus on teaching relevant business skills using practical methods such as case studies, workshops, group assignments, and simulations.

How You'll Learn

MGI focuses on building skills in analysis, social interaction, thinking, and leadership. This prepares you for real-world business situations right from the start.

You can specialise in:

• Marketing, Finance, HR

• Supply Chain & Operations

• Business Analytics

• Healthcare & Pharmaceutical Management

Job Placements

MGI has successfully placed students in a wide variety of companies, including those in the fast-moving consumer goods (FMCG), consulting, technology and finance sectors with average salaries ranging from INR 7 to INR 8 lacs per annum (LPA) and some earning as much as INR 18 LPA.

What Makes MGI Special

• AICTE Approved PGDM (2 years full-time)

• Faculty with research and business experience

• Residential campus that encourages teamwork

• Partnerships and workshops with industry

If you are thinking about starting a career or switching to another area in 2026, MGI offers the ideal mix of theory and hands-on learning.

Learn More about Top 5 PGDM Colleges in Pune with Placement 

2.  S.P. Jain Institute of Management & Research (SPJIMR), Mumbai
 

SPJIMR is a well-known PGDM school in Maharashtra. It’s consistently ranked as one of India's top business schools, and its PGDM and PGDM (Business Management) programs get great results.

Job Placement Stats

• Average salary: ~₹32–34 LPA

• Highest salaries can be above ₹70 LPA

• Good internship pay (~₹1.6 L per month)

The top consulting, finance and technology companies recruit from MGI. Additionally, the school's alumni base provides a strong foundation for you to build your future.

3. Symbiosis Institute of Business Management (SIBM), Pune
 

SIBM is located in Maharashtra, and offers its PGDM at Symbiosis International University. SIBM recruits students from all over India.

• Extensive exposure to the industry 

• Well known by corporate connections in India and around the world 

• Strong Average Salary = ₹25 LPA to ₹30 LPA 

Initially, you must pass the SNAP test prior to your enrollment at SIBM. However, upon completion of your degree program, you will benefit greatly from your big investment and access to a network of former students.

4. SCMHRD - Symbiosis Centre for Management and Human Resource Development, Pune
 

Although SCMHRD is a student member of Symbiosis' institution, the institution maintains its identity and exists as a unique organization, which provides leadership in human resource management and organizational development.

• Strong corporate associations

• Focus on streamlining HR, Marketing and Analytics

• Strong track record in placing students in Leadership roles

5. Institute of Management Development & Research (IMDR), Pune
 

A solid choice for aspirants looking for quality PGDM without sky-high competition:

• Good industry interface with reputable recruiters

• Balanced placement packages (~₹7–9 LPA)

• Value-for-money fee structure

IMDR is ideal if you want a strong regional footprint with credible outcomes.

6. Balaji Institute of Modern Management (BIMM), Pune
 

BIMM blends corporate connect with practical learning. It’s known for emphasising experiential projects and industry interactions.

• Popular for Marketing, HR, Finance, Operations

• Recruiters like HUL, Infosys, ICICI appear regularly

• Average packages ~₹8–9 LPA

Quick Comparison: Top 6 PGDM Colleges in Maharashtra (2026)

Note: Figures and offerings are approximate based on latest college data and industry trends.

Choosing the Right Fit

Picking the “best” PGDM college isn’t just about placement figures or prestige. Consider:

• Your career goal (consulting vs analytics vs HR)

• Industry connections & internships

• Cutoff and exam preference (CAT/XAT/SNAP/CMAT)

• ROI & fees

• Campus culture and learning style

While SPJIMR and SIBM shine on brand and pay scales, institutions like IMDR, BIMM and MGI offer sharper ROI and personalized learning.

Final Word: Why MGI Should Be on Your Radar

The reality of business schools is that they have always been very competitive, however, there are some schools within the premium segment that differentiate themselves from other exclusively competitive programs through their emphasis on real-world experiences, job placement potential, and the quality of their learning environment - specifically MGI. MGI has been providing students with full-time degrees (PGDM) for over 15 years, and offers many advantages including world-class professors, access to real-world entrepreneurship through connections to companies and added value of extensive corporate experience.

If you are considering pursuing a PGDM in 2026 with the goal of not only acquiring relevant skillsets but also launching your career, don’t wait to find an alternative. Apply today by contacting us about applying for the 2026 to 2028 academic year and begin developing your leadership tomorrow.
 

FAQs

1. What is the best PGDM from an institute in Maharashtra (until 2026) to attend?

The Mulshi Institute of Technology and Management (MGI), Pune has received AICTE approval for its PGDM program and provides exposure to many industries while also developing students research-wise. The MGI experience is unique in that it maintains a modern curriculum along with having a balance in terms of placement.

2. Is MGI an AICTE-approved PGDM institute and is it relevant to industry?

Yes, PGDM programs were developed by MGI with some input from the industry, live projects and case studies; they are hands-on and do have a strong emphasis on developing specific skills necessary to succeed in business.

3. What is the average placement package at PGDM colleges within Maharashtra?

Average packages range from approximately 7 Lakhs per Annum (LPA) to over 30+ LPA per year depending on the college that you attend; this is an approximation only. MGI will provide average placements between ₹7-8 LPA, providing good value for your investments.

4. What are the accepted entrance exams for getting into a PGDM college located within Maharashtra?

Most PGDM schools will accept scores from CAT, XAT, CMAT, MAT, ATMA and SNAP tests, followed by rounds of Group Discussion (GD) and Personal Interviews (PI).

5. Why should I attend MGI instead of another PGDM college in Pune?

MGI offers students personal attention and support (mentoring), a nice, peaceful campus environment, hands-on, experiential learning opportunities and excellent placement opportunities. Overall, MGI is an excellent choice for developing professionally and personally.