Piyush
Update at May 29, 2024, 2:49 am
Pune has emerged as a prominent education hub, housing some of the best MBA colleges in India that provide quality management education at reasonable costs. With premium MBA colleges in Pune like Symbiosis Institute of Business Management, Institute of Business Management, PUMBA (SPPU), and more, the city attracts students from across the country for its excellent academic opportunities and high ROI.
Some of the major highlights of MBA Colleges in Pune include:-
No. of Colleges |
179 |
---|---|
Colleges Typs |
Private Colleges: 172 Government Colleges: 5 Government-Private Colleges: 2 |
Specialisations Courses |
|
Accepted exam |
|
Accreditation |
|
Annual Average Fees |
|
To be eligible for admission to MBA programs in Pune, candidates need to have a bachelor's degree in any discipline from a recognized university with a minimum of 50% aggregate marks. For candidates belonging to reserved categories like SC/ST, the minimum marks requirement is relaxed by 5%. The MBA Colleges in Pune accept scores of various entrance exams like MH-CET, CAT, XAT, MAT, etc. among others. Some colleges may also conduct their entrance test. Overall, the eligibility criteria focus on graduation scores, entrance tests, and relevant work experience for specific MBA specializations in top B-schools of Pune.
The admission process to the top MBA colleges in Pune typically involves:
Certain autonomous colleges have their own entrance exams and admission criteria, while most other B-schools accept popular national-level tests like the CAT and CMAT.
The MBA fees in Pune vary across government and top private MBA colleges in Pune. Government colleges charge annual fees in the range of INR 30,000– INR 1,00,000 per annum. On the other hand, private autonomous colleges charge higher fees of between INR 3,00,00 and INR 15,00,000 per annum for their MBA programs. Additionally, 50% of the seats are reserved for Maharashtra domicile candidates in government MBA Colleges in Pune. So, aspirants can identify the best MBA Colleges in Pune matching their location preferences to find the right academic fit and opportunities post-MBA, as elucidated below in the table:
S.NO | College Names | Fee Range |
---|---|---|
1 | Indira Institute of Management, Shri Shivaji Maratha Society’s Institute of Management, | INR 1,00,000 |
2 | UNIPUNE, RIIM - Arihant Group of Institute, Jayawant Institute of Management Studies | INR 1,00,000 - 2,00,000 |
3 | Sai Balaji International Institute of Management Sciences, SIBAR, Lotus Business School | INR 2,00,000 - 3,00,000 |
4 | MIT College of Management, Neville Wadia Institute of Management Studies and Research | INR 3,00,000 - 5,00,000 |
5 | SIBM, National Institute of Bank Management, Pune Institute of Business Management | INR 5,00,000 |
The common entrance exams accepted at the best MBA colleges in Pune are as follows.
CAT is the gateway exam for admission to premier MBA colleges in Pune, such as Pune Institute of Business Management and Balaji Institute of Modern Management. The exam comprises 100 MCQ questions testing quantitative, logical reasoning, and verbal skills. It is a nationally recognized exam taken by over 2 lakh candidates annually for admission to top MBA colleges in Pune and across India. The CAT scorecard is valid for 1 year only. The CAT 2023 score is valid for admissions in 2024.
CMAT is accepted by some of the private MBA Colleges in Pune, like the Institute of Management and Entrepreneurship Development, Pune Institute of Business Management, etc. It has 100 MCQs testing aptitude, reasoning, language comprehension, and general awareness. Over 1000 management institutes in India accept CMAT scores and see over 100,000 registrations every year. The CMAT scorecard is valid for 1 year.
MAH-CET is accepted by government colleges affiliated with DTE Maharashtra, like UNIPUNE, the College of Engineering Pune, and VNMKV. It tests logical and abstract reasoning skills through objective, multiple-choice questions. MAH-CET is a state-level exam conducted annually for admission to management programs approved by DTE Maharashtra. The MAH-CET score is valid for 1 year. MAH-CET 2024 score is applicable for admissions in 2024.
MAT is accepted by many private MBA colleges in Pune, such as Balaji Institute, Pune Institute of Business Management, etc. It has 200 questions testing intelligence, language, analytical, and reasoning skills relevant to management. MAT is a national-level entrance exam held multiple times a year for admission to over 600 B-schools across India. The MAT scorecard is valid for 1 year from the date of the test.
XAT is conducted annually for admission to XLRI and 100+ colleges. Pune MBA colleges such as Pune Institute of Business Management, Balaji Institute of Modern Management, and others also accept XAT scores along with others. It has multiple-choice questions testing verbal, logical reasoning, quantitative, and decision-making skills. XAT is the second most popular MBA entrance exam after CAT, taken by over 1 lakh candidates every year. The XAT score is valid for just 1 year, i.e., the XAT 2024 score can be used for MBA admissions in 2024 only.
Apart from the above entrance exams, SNAP is also a major entrance exam, that ‘Symbiosis International Deemed University conducts for MBA admissions for all its 16 institutes across the country. It is a one-hour exam with 60 MCQs to be answered. The aptitude will be tested in English, Analytical and Logical Reasoning, Data Interpretation, and Sufficiency. Each correct answer is of 1 mark and each wrong question will deduct ¼ mark. Like all other exams, its score is also valid for 1 year only.
When it comes to cutoffs for different categories, the general category cutoffs are the highest, around 90+ percentile in exams like CAT for the top MBA Colleges in Pune. The cutoffs are relaxed by 5–10 percentiles for reserved category applicants like SC and ST. Similarly, cutoffs are lowered by a few points for NC-OBC and EWS category applicants.
Some of the top government MBA Colleges in Pune are UNIPUNE Admission (SPPU), College of Engineering Pune, Vasantrao Naik Marathwada Krishi Vidyapeeth (VNMKV), and Shivaji University. UNIPUNE (SPPU) offers an MBA program through its Department of Management Sciences with annual fees of Rs. 30,000-50,000. It provides placements with average packages of Rs. 6-8 lakhs per annum. The College of Engineering Pune's MBA program costs Rs. 50,000-1 lakh annually and has a strong placement record with students receiving average salary packages of Rs. 6-8 lakhs per annum. VNMKV offers an affordable MBA with annual fees of just Rs. 30,000-50,000 and provides decent placements with average salaries of Rs. 5-6 lakhs per annum. The list of some of the best government MBA Colleges in Pune with placement is mentioned in the table below:
S.NO |
Top Government Colleges |
Seats |
Exam Accepted |
Eligibility |
Avg Package |
Highest Package |
Fees |
---|---|---|---|---|---|---|---|
1 |
PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University |
240 |
|
50% |
INR 8,01,000 Per Annum |
INR 15,30,000 Per Annum |
INR 4,91,100 |
2 |
National Institute of Construction Management and Research, Pune |
780 |
|
50% |
INR 9,00,000 Per Annum |
INR 28,66,000 Per Annum |
INR 8,15,000 |
3 |
60 |
|
50% |
INR 5,00,000 Per Annum |
INR 10,00,000 Per Annum |
INR 85,000 |
|
4 |
Vaikunth Mehta National Institute of Cooperative Management, Pune |
120 |
|
50% |
INR 9,76,000 Per Annum |
INR 16,70,000 Per Annum |
INR 3,52,775 |
5 |
180 |
|
50% |
INR 6,50,000 Per Annum |
INR 14,75,000 Per Annum |
INR 1,80,000 to 7,95,000 |
|
6 |
70 |
|
50% |
INR 7,00,000 Per Annum |
INR 39,20,000 Per Annum |
INR 1,99,000 |
|
7 |
30 |
|
50% |
INR 3,00,000 Per Annum |
INR 10,00,000 Per Annum |
INR 60,600 |
|
8 |
120 |
|
50% |
INR 7,80,000 Per Annum |
INR 14,00,000 Per Annum |
INR 4,50,000 |
When it comes to the top private MBA colleges in Pune, some of the big names are Symbiosis Institute of Business Management, Pune Institute of Business Management, Balaji Institute of Modern Management, and the Institute of Management and Entrepreneurship Development. Though these private colleges charge higher annual fees in the range of Rs. 7–15 lakhs, they ensure exceptional placements for their students, with average salary packages reaching INR 10,00,000 – 12,00,000 Per annum. The list of some of the best private MBA colleges in Pune with fee structures is mentioned in the table below:
S.NO |
Top Private Colleges |
Seats |
Exam Accepted |
Eligibility |
Avg Package |
Highest Package |
Fees |
---|---|---|---|---|---|---|---|
1 |
180 |
|
50% |
INR 23,77,000 Per Annum |
INR 35,05,000 Per Annum |
INR 13,49,000 |
|
2 |
180 |
|
50% |
INR 9,00,000 Per Annum |
INR 28,66,000 Per Annum |
INR 11,05,000 |
|
3 |
International Institute of Management Studies - [IIMS], Pune |
240 |
|
50% |
INR 7,50,000 Per Annum |
INR 26,50,000 Per Annum |
INR 4,50,000 |
4 |
240 |
|
50% |
INR 7,50,000 Per Annum |
INR 18,10,000 Per Annum |
INR 2,25,000 |
|
5 |
70 |
|
50% |
INR 5,50,000 Per Annum |
INR 9,80,000 Per Annum |
INR 4,25,000 |
|
6 |
Symbiosis Institute of International Business - [SIIB], Pune |
120 |
|
50% |
INR 11,32,000 Per Annum |
INR 20,17,000 Per Annum |
INR 21,73,000 |
7 |
360 |
|
50% |
INR 8,25,000 Per Annum |
INR 19,27,000 Per Annum |
INR 4,80,000 |
|
8 |
120 Seats |
|
50% |
INR 15,22,000 Per Annum |
INR 23,50,000 Per Annum |
INR 16,00,000 |
|
9 |
660 |
|
50% |
INR 7,01,000 Per Annum |
INR 17,00,000 Per Annum |
INR 7,95,000 (Total Fees) |
|
10 |
45 |
|
50% |
INR 7,00,000 Per Annum |
INR 30,00,000 Per Annum |
INR 4,50,000 |
In terms of ROI from the best MBA Colleges in Pune, premier private institutes like Symbiosis Institute offer the highest returns, with fees recovered within 2–3 years post-completion. The government institutes also deliver excellent ROI owing to their nominal course fees. Students keen on recovering their MBA investment quickly after graduation should target 5–10 top MBA Colleges in Pune for management education. The table below shows the top MBA Colleges in Pune in terms of ROI (Return on Investment):
S.NO |
College Name |
Average Annual Fees |
Average Placement Package |
ROI Rank |
---|---|---|---|---|
1 |
INR 2,25,000 |
INR 7,50,000 Per Annum |
1 |
|
2 |
INR 13,49,000 |
INR 23,06,000 Per Annum |
2 |
|
3 |
INR 3,97,500 |
INR 6,00,00 Per Annum |
3 |
|
4 |
INR 4,50,000 |
INR 5,50,000 Per Annum |
4 |
|
5 |
INR 11,05,000 |
INR 6,50,000 Per Annum |
5 |