MFM Maharashtra 2026: Apply by Sep 22. Fees ₹34K-₹1.42L

Prospective students for Master of Financial Management (MFM) programs in Maharashtra for the 2026 academic year can now access a complete list of colleges, enabling comparisons based on fees, placements, courses, and admission criteria. The state currently features 15 MFM colleges, with tuition fees varying significantly from INR 34,000 to INR 1,42,746.

The MFM landscape in Maharashtra encompasses both government and private institutions, each offering distinct fee structures, admission processes, and placement outcomes. Government colleges are generally more competitive, often featuring lower fees and a higher return on investment (ROI), while private institutions typically provide greater seat availability and modern infrastructure.

MFM Program Details and Admission Criteria

Welingkar Mumbai, recognized as a leading finance college in the region, offers a part-time MFM in Finance program with a duration of three years. The fees for this program at Welingkar Mumbai are INR 56,695. Eligibility for the MFM Finance program requires applicants to hold a Bachelor’s degree in any discipline with a minimum of 50% aggregate marks. Also, candidates must possess a valid score from entrance examinations such as CAT, XAT, CMAT, MAT, ATMA, GMAT, or MAH-CET.

ADMIFMS, a department of the University of Mumbai, has been dedicated to management and finance education since 1994, offering full-time on-campus undergraduate, postgraduate, and PhD courses in these fields. Maharashtra also has five MFM colleges that offer a range of specializations, including Master of Fashion Management, Master of Financial Management, and Master in Fashion Marketing and Management.

Admission Process and Placement Outlook

Admissions to MFM colleges across Maharashtra are supported through various entrance examinations, including NIFTEE, Common Entrance Tests (CETs), and institute-level entrance exams. Government institutes, such as NIFT Mumbai, are particularly noted for their high return on investment (ROI), solid placement records, and the national-level competition for admission. NIFT Mumbai is also listed among mid-range MFM colleges, with fees typically falling between ₹1 lakh and ₹10 lakh.

For Master of Fashion Management (MFM) graduates, the average salary from top colleges is approximately ₹5.7 lakh per annum. Key recruiters in this sector include Lifestyle, Raymonds, Indian Terrain, and Future Group. The counselling process for MFM admissions generally involves choice filling, seat allotment, document verification, and final admission confirmation.

Overview of MBA in Finance Programs

The Master of Business Administration (MBA) in Finance is a two-year postgraduate program that covers financial markets, financial statement analysis, investment management, derivatives, and corporate finance strategies. Eligibility for an MBA in Finance requires an undergraduate degree from a recognized university in any field (BBA, BA, B.Sc, B.Com, or BCA) with at least 50% marks. Entrance exams for MBA in Finance include CAT, MAT, GMAT, CMAT, XAT, NMAT, SNAP, and ATMA.

The fees for the entire duration of an MBA in Finance program can range from Rs. 10,000 to Rs. 20,00,000. Graduates typically command an average salary of Rs. 10 lakh per annum. Top recruiters for MBA in Finance include prominent firms such as Morgan Stanley, Deutsche Bank, Deloitte, E & Y, KPMG, Lehman Brothers, McKinsey, Barclays, Boston Consulting Group, and Goldman Sachs. Practical learning, including case studies, simulations, projects, internships, and networking events, is emphasized in MBA in Finance programs.

Leading MBA / MMS Colleges in Maharashtra

Maharashtra hosts over 300 AICTE-approved colleges offering MBA / MMS programs, including options for international students. The strongest clusters for these colleges are found in Pune, Mumbai, and Nagpur. Students do not apply to colleges individually for MBA / MMS; instead, seats are allotted based on merit through a choice filling process on fn.mahacet.org, managed by the State CET Cell.

Pune University Dept. of Management is a top-ranked government MBA institution in Pune. NMIMS Mumbai is a deemed university known for its top-15 MBA ranking and a strong focus on finance. MIMR in Mumbai also offers an MBA with a Finance specialization. Terna Global Business School (TGBS) provides an MBA / PGDM program and is located at Plot No 12, Sector 22, Nerul West, Navi Mumbai, Maharashtra 400706. The contact email for Terna Global Business School is info@ternagbs.in and the phone number is +91-9920114896.

Choosing an MBA finance college involves considering factors such as brand reputation, practical exposure, placement outcomes, and return on investment. Finance remains a high-demand MBA specialization due to its link to high-paying roles and global career opportunities, particularly with the rise of fintech and data-driven finance.

Top MBA Finance Colleges in Mumbai (2026) Comparison

ROI Comparison Across Top MBA Finance Colleges

Leading MBA / MMS Colleges in Maharashtra

Further reading

• BML Munjal University MBA 2027 admissions open: apply now, fees ₹15.10 lakh
• Apply for Online MBA in Bhubaneswar by Sep 22, 2026; fees ₹37,800-₹23.60L
• Pimpalgaon Baswant Pharmacy: Apply for 2025-26 admissions now, fees from ₹12,000
• BBA 2026: Apply for Bhubaneswar admissions by deadline, fees ₹0.53L-₹10.67L
• OJEE MBA: Apply for admission by September 21, 2026; fees ₹37,800 to ₹23.60 lakh

Written by Nishit Kumar

Nishit Kumar is a senior EdTech industry leader with over a decade of experience in building and scaling education platforms, shaping their product, content, and growth strategy. At FindMyCollege, Nishit oversees content and editorial strategy, guiding topic selection and content frameworks to ensure accuracy, relevance, and student-first value across the website.

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