diff --git a/src/common/snippets/docs/mha_optimization_guide.md b/src/common/snippets/docs/mha_optimization_guide.md
index 28245017833a4a..1ea3a4c24c3524 100644
--- a/src/common/snippets/docs/mha_optimization_guide.md
+++ b/src/common/snippets/docs/mha_optimization_guide.md
@@ -65,7 +65,7 @@ The supported by decomposition Transpose orders are defined by `TokenizeMHASnipp
 
 [SplitDimensionM](../src/pass/split_dimension_m.cpp) splits M dimension of MHA in 2 parts (`batch_m` and `new_m`) by inserting Reshape on A input of the first Matmul and output of the second Matmul (the rest Subgraph's inputs are reshaped by Unsqueeze-like reshapes in order not to break subgraph semantic).
 This optimization increases parallel work amount by `batch_m` times thus enabling a more efficient parallel execution in some cases.
-The splitting is performed based on heuristic algorithm which can be found in `SplitDimensionM::get_splited_dimensions` method.
+The splitting is performed based on heuristic algorithm which can be found in `SplitDimensionM::split` method.
 
 Let's consider an example of the transformation:
 
diff --git a/src/common/snippets/include/snippets/pass/split_dimension_m.hpp b/src/common/snippets/include/snippets/pass/split_dimension_m.hpp
index e9a9a46d3847ff..8107a7684f0abd 100644
--- a/src/common/snippets/include/snippets/pass/split_dimension_m.hpp
+++ b/src/common/snippets/include/snippets/pass/split_dimension_m.hpp
@@ -67,7 +67,8 @@ class SplitDimensionM: public CommonOptimizations::SubgraphPass {
 
 private:
     static std::shared_ptr<ov::op::v0::MatMul> get_matmul(const std::shared_ptr<op::Subgraph>& subgraph);
-    static std::pair<size_t, size_t> get_splited_dimensions(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount);
+    static std::pair<size_t, size_t> compute_conservative_heuristic(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount);
+    static std::pair<size_t, size_t> compute_aggressive_heuristic(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount);
 
     void reshape_subgraph(const std::shared_ptr<op::Subgraph>& subgraph, const ov::Shape& shape, size_t batch_m_dim, size_t new_m_dim);
 
diff --git a/src/common/snippets/src/pass/split_dimension_m.cpp b/src/common/snippets/src/pass/split_dimension_m.cpp
index ae95a371483163..5c3c0c88088377 100644
--- a/src/common/snippets/src/pass/split_dimension_m.cpp
+++ b/src/common/snippets/src/pass/split_dimension_m.cpp
@@ -4,8 +4,8 @@
 
 #include "snippets/pass/split_dimension_m.hpp"
 
-#include "snippets/utils/utils.hpp"
 #include "snippets/itt.hpp"
+#include "snippets/utils/utils.hpp"
 
 namespace {
 size_t get_dim_M(const ov::Shape& shape) {
@@ -31,7 +31,7 @@ bool SplitDimensionM::is_supported_matmul(const std::shared_ptr<const ov::Node>&
     return matmul && !matmul->get_transpose_a() && !matmul->is_dynamic();
 }
 
-std::pair<size_t, size_t> SplitDimensionM::get_splited_dimensions(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount) {
+std::pair<size_t, size_t> SplitDimensionM::compute_conservative_heuristic(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount) {
     std::pair<size_t, size_t> splited = { 1, m_dim };
 
     // Ideal case #1: M can be split on the parts one of which complements the batch dimension to the optimal parallel work amount
@@ -70,6 +70,25 @@ std::pair<size_t, size_t> SplitDimensionM::get_splited_dimensions(size_t batch_d
     return splited;
 }
 
+std::pair<size_t, size_t> SplitDimensionM::compute_aggressive_heuristic(size_t batch_dim, size_t m_dim, size_t optimal_parallelism_work_amount) {
+    std::pair<size_t, size_t> splited = { 1, m_dim };
+    // If M dim is big enough and batch_dim is not ideally divisible by optimal_parallelism_work_amount,
+    // it is better to minimize kernel_m in order to reduce waiting time for idle threads at the last parallel loop
+    // iteration. At the same time, kernel_m mustn't be less than min_kernel_m.
+    const bool big_m_dim = m_dim >= 4000;
+    if (big_m_dim && batch_dim % optimal_parallelism_work_amount != 0) {
+        const size_t min_kernel_m = 32;
+        for (size_t divisor = min_kernel_m; divisor < std::sqrt(m_dim); ++divisor) {
+            if (m_dim % divisor == 0) {
+                splited.first = m_dim / divisor;
+                splited.second = divisor;
+                break;
+            }
+        }
+    }
+    return splited;
+}
+
 bool SplitDimensionM::can_be_optimized(const std::shared_ptr<const ov::Node>& node, size_t concurrency) {
     if (!is_supported_matmul(node))
         return false;
@@ -128,19 +147,17 @@ bool SplitDimensionM::split(const ov::Shape& shape, size_t optimal_parallelism_w
     const auto batch_dim =
         std::accumulate(shape.rbegin() + 2, shape.rend(), size_t(1), std::multiplies<size_t>());  // B (batch)
     const auto m_dim = get_dim_M(shape);  // M
+    batch_m_dim = 1, new_m_dim = m_dim;
     if (is_prime_number(m_dim))
         return false;
 
-    auto is_optimized = [&](size_t batch_dim) {
-        return batch_dim >= optimal_parallelism_work_amount;
-    };
-
-    // We skip optimization if the current batch is optimal for concurrency
-    if (is_optimized(batch_dim))
-        return false;
-
-    std::tie(batch_m_dim, new_m_dim) = get_splited_dimensions(batch_dim, m_dim, optimal_parallelism_work_amount);
-    return is_optimized(batch_dim * batch_m_dim);
+    if (batch_dim < optimal_parallelism_work_amount) {
+        std::tie(batch_m_dim, new_m_dim) = compute_conservative_heuristic(batch_dim, m_dim, optimal_parallelism_work_amount);
+    } else {
+        std::tie(batch_m_dim, new_m_dim) = compute_aggressive_heuristic(batch_dim, m_dim, optimal_parallelism_work_amount);
+    }
+    bool optimized = batch_m_dim != 1;
+    return optimized;
 }
 
 void SplitDimensionM::reshape_subgraph(const std::shared_ptr<op::Subgraph>& subgraph, const ov::Shape& shape, size_t batch_m_dim, size_t new_m_dim) {