List of Top MBA/PGDM Colleges In Pune based on 2020 Ranking

Pranjal Singhal Pranjal Singhal
Content Curator

The top MBA colleges in Pune offer world-class management education to students with an average placement package of INR 6-8 lakh.

  • The city has a total of 204 colleges, out of which 12 are public while 192 are private MBA colleges in Pune.

  • The list of top MBA colleges in Pune includes popular names like SIBM Pune, SIIB Pune, PUMBA, IMED and Flame University.

  • Colleges like Bharati Vidyapeeth Deemed University also offer MBA in Distance Education mode.

Top MBA Colleges in Pune: Rankings

Every year, tens of ranking agencies release the lists of the top colleges in India for different streams including management, education, law, engineering, architecture, pharmacy, etc. These rankings are divided into various other categories like state-wise, city-wise, university type, etc. NIRF, Business Today, and The Economic Times are some of these popular agencies releasing various ranking lists like Top MBA Colleges in Delhi NCR, Top Engineering Colleges in Karnataka, etc.

These rankings are based on multiple parameters like Faculty Quality, Placements, Exam Pattern, Learning Outcome, etc. Mentioned below are some of these rankings for Top MBA Colleges in Pune.

Top MBA Colleges in Pune: NIRF Ranking

The National Institutional Ranking Framework or simply NIRF is a government ranking agency run by the Ministry of HRD, Government of India. The agency releases multiple ranking lists every year for 9 different categories, namely, University, Engineering, College, Management, Pharmacy, Law, Architecture, Medical along with an Overall ranking.

Listed below are the top MBA colleges in Pune as given by the NIRF 2019 ranking survey.

College NameNIRF All India Rank 2019NIRF All India Rank 2018Change from Previous YearAverage Annual Fee
SIBM Pune2018-2INR 9,60,000
IMED Pune5550-5INR 2,42,000
PIBM Pune76-100(Not Included)-INR 3,85,000

NIRF has included only 3 colleges from Pune in its list this year.

  • Only SIBM Pune and IMED Pune have been allotted definite ranks. The Pune Institute of Business Management [PIBM] has been mentioned in the rank band of 76-100 along with 24 other colleges.

  • SIBM has secured the 20th rank this year while the institute ranked at 18th position last year.

  • IMED Pune has also seen a drop of 5 ranks in 2019 rankings.

The following chart gives a glimpse into the ranking parameters of NIRF 2019 survey. It also compares the weightage of these parameters in 2019 and 2017.

NIRF Ranking Parameters

Source: NIRF Official Website

Top MBA Colleges in Pune: The Week Ranking

The following list gives the details of different colleges mentioned by the Week in its ranking for the top MBA colleges in Pune and also in India. This is a result of the joint survey conducted by The Week magazine and the Hansa research.

College NameThe Week All India Rank 2019The Week All India Rank 2018Change from Previous YearAverage Annual Fee
SIBM Pune1114+3INR 9,60,000
SCMHRD1921+2INR 8,13,000
SIIB Pune2532+7INR 7,30,000
SITM Pune3844+6INR 5,90,000
BIMM Pune3949+10INR 4,15,000
BIMHRD Pune4866+18INR 4,15,000
ISBM Pune4873+25INR 5,15,000
MIT-WPU School of Management5171+20INR 3,50,000
BITM Pune5176+25INR 4,15,000

The Week has ranked SIBM Pune as the best MBA college in Pune this year.

  • The list released by The Week-Hansa research does not mention IMED Pune and PIBM Pune, the 2 institutes which were mentioned in the list released by NIRF.

  • The top 4 spots are occupied by the institutes affiliated to the Symbiosis International (Deemed University).

  • All the top MBA colleges in Pune have managed to improve their rankings as compared to last year.

  • The biggest improvements have been shown by ISBM Pune and BITM Pune.

Following table shows what all was involved during this ranking calculation.

Academic Experts276
Current Students585
Aspiring Students529
Recruiters75
Interviews1465

Top MBA Colleges in Pune: Business Today Ranking

Business Today, the fortnightly magazine, also releases such lists every year. Have a look at what the business magazine has to say this year in terms of the top management colleges in India.

College NameBusiness Today All India Rank 2019Business Today All India Rank 2018Change from Previous YearAverage Annual Fee
SIBM Pune1518+3INR 9,60,000
SCMHRD24240INR 8,13,000
SIIB Pune4367+24INR 7,30,000
BIMM Pune4651+5INR 4,15,000
SITM Pune6176+15INR 5,90,000
PIBM Pune7074+4INR 3,85,000
VAMNICOM Pune7377+4INR 3,15,000
ISBM Pune8285+3INR 5,15,000
BIMHRD Pune8889+1INR 4,15,000

SIBM Pune has been ranked as the best MBA college in Pune by Business Today also.

  • This list also includes PIBM Pune but IMED Pune is still missing.

  • Other top MBA colleges in Pune mentioned in this list are SCMHRD, SIIB and BIMM.

  • SIIB Pune has improved its rank by 24 places and now ranks at No. 43 in the entire country.

The following chart shows which all parameters are involved in the rankings survey of Business Today 2019.

business today ranking parameters

Source: Business Today Official Website

Top Private MBA Colleges in Pune: ROI (Return on Investment)

ROI is the key factor to determine how profitable is the MBA course of a particular college. ROI or Return on Investment is calculated as a percentage of the return (package) you get on your investment (fees). The following table lists some of the top MBA colleges in Pune according to their ROI.

College NameAverage Annual FeeAverage Placement PackageROI (Return on Investment) Rank
SCMHRDINR 8,13,000INR 15,60,0001
SIBM PuneINR 9,60,000INR 17,48,0002
SIIB PuneINR 7,30,000INR 12,00,0003
BIMM PuneINR 4,15,000INR 6,50,0004
BIMHRD PuneINR 4,15,000INR 6,50,0004
SITM PuneINR 5,90,000INR 8,77,0006
PIBM PuneINR 3,85,000INR 5,50,0007
ISBM PuneINR 5,15,000INR 7,10,0008

Among all the colleges, SCMHRD ranks No. 1 when it comes to the return on investment.

  • Among all the Symbiosis colleges mentioned, SITM ranks the lowest ROI wise.

  • VAMNICOM Pune, one of the top public MBA colleges in Pune, offers the best ROI in the city with the average annual package being around more than twice the fee for 1-year.

  • Other top MBA colleges in Pune according to ROI are Balaji Institute of Modern Management [BIMM] and Pune Institute of Business Management [PIBM].

Top MBA Colleges in Pune: Admission Process

There are a total of 204 MBA colleges in Pune imparting excellent management education to students. 12 of these colleges are public while 192 are top private MBA colleges in Pune.

The following chart shows a comparison between these 2 categories.

top MBA colleges in Pune

Source: Official Survey

Admissions are mainly done through top management entrance exams like CAT, MAT, XAT, NMAT, SNAP, etc. Some institutes also conduct their own entrance tests.

  • After the entrance exam scores are considered, colleges also conduct their own Written Ability Test (WAT) and rounds of Group Discussions (GD) and Personal Interviews (PI).

  • Certain colleges also conduct additional rounds like an extempore debate. Along with all these, top MBA colleges in Pune also consider a student’s overall academic performance including the marks in Class X and XII.

SIBM Pune

Symbiosis Institute of Business Management (SIBM), Pune is one of the multiple higher education institutes affiliated to the Symbiosis International (Deemed University).

  • The institute was established in 1978 and is many times ranked among the top 10 private MBA colleges in India.

  • Symbiosis International (Deemed University) is ranked among the top 150 universities in the BRICS countries (Brazil, Russia, India, China, South Africa) by the QS World University Rankings 2018.

  • SIBM Pune offers MBA specialization courses in Marketing, Finance, Human Resource Management, and Operations.

  • The institute offers an excellent education atmosphere with the presence of international students from around 75 countries.

SIBM Pune offers 180 seats for the full-time program of 2-year MBA. However, there is also some reservation in practice. The following chart gives details of that.

SIBM Pune MBA Seat Reservation

Source: SIBM Pune Official Website

In addition to this, the institute also gives some reservation above its intake capacity. An additional 15% reservation is given to international students, plus, 2 seats are reserved for Kashmiri Migrants.

The institute registered the highest package as INR 29 LPA in 2018. A total of 83 companies visited the SIBM campus and made 192 offers. In a batch of students with an average work experience of 25 months and the female student share at 36%, the average package went to INR 17.48 LPA.

The following chart shows the average CTC for a different number of students.

SIBM Pune Average CTC

Source: SIBM Pune Official Website

IMED Pune

IMED (Institute of Management and Entrepreneurship Development), Pune is affiliated to Bharati Vidyapeeth (Deemed to be University).

  • The institute has been ranked as the 55th best MBA college in India by NIRF.

  • Business and Management Chronicle has also ranked IMED Pune among the top 10 B-schools in western India.

  • The institute received the Best Institute Award by ASSOCHAM for promoting leadership and Industry Institute Partnership.

  • Admissions to IMED Pune’s MBA program are done on the basis of the score in BVP BMAT entrance exam conducted by the university.

BMAT exam will be conducted 3 times a year. In 2019, the exam was held on 24th March, 31st March and 21st April.

The institute registers 100% placements for its MBA program. The following table gives some insights into the MBA placements 2018-19.

Highest Package (International)INR 54.08 lakh
Highest Package (Domestic)INR 16.10 lakh
Average PackageINR 7 lakh
No. of Companies150+

BIMM Pune

BIMM (Balaji Institute of Modern Management), Pune is one of the top MBA colleges in Pune and is affiliated to the Sri Balaji University, Pune.

  • The institute has been ranked 2 among all the top private MBA colleges in India for ROI by Outlook in 2018.

  • Business Today named BIMM Pune as the #1 MBA college in Pune for living experience in 2017.

  • BIMM Pune offers MBA General, IT & Marketing, PM & HRD and even Executive MBA.

  • The General MBA program is also further divided into specializations in Sales and Marketing, Finance and Financial Services, Systems and Operations & Supply Chain Management.

The following graph shows the seat intake for each of these programmes.

BIMM Pune Seat Intake

Source: BIMM Pune Official Website

Top MBA Colleges in Pune: Entrance Exam Wise

Majority of admissions in the top MBA colleges in Pune are done through national level MBA entrance exams like CAT, XAT, MAT, SNAP, etc. However, some institutes consider the scores of only some local exams like MAH CET. For example, IMED Pune gives admissions only on the basis of the score secured in BVP BMAT.

Given below are the top MBA colleges in Pune categorized according to the entrance exam they accept.

Top MBA Colleges in Pune: Accepting MAT Score

MAT or Management Aptitude Test is conducted 4 times in a year for admission in MBA programs.

  • More than 600 top MBA colleges in India accept MAT score.

  • The exam is held in February, May, September and December.

  • Combining all the 4 sessions, more than 3 lakh students apply for MAT every year.

The top MBA colleges in Pune accepting MAT score are:

  • Savitribai Phule Pune University [PUMBA]

  • Balaji Institute of Modern Management [BIMM]

  • Flame University, Pune

  • Arihant Institute of Business [AIBM]

Apart from this, BVP BMAT is accepted only by IMED Pune.

Also check,

Top MBA Colleges in Pune Accepting CATTop MBA Colleges in Pune Accepting MAH CET
Top MBA Colleges in Pune Accepting XATTop MBA Colleges in Pune Accepting NMAT

Top MBA Colleges in Pune: Placement Wise

Pune management colleges show good placements as many top colleges like those affiliated to Symbiosis International (Deemed University) are located here. 100s of recruiters visit the city every year to hire some of the most brilliant brains from the top MBA colleges in Pune.

The below graph shows some of the colleges with the average CTC they offer.

CTC offered in top MBA colleges in Pune

Source: Official Websites

The top recruiters in these companies include:

Bain & CompanyAccenture StrategyCISCO
AmazonCapgeminiGartner
Boston Consulting Group (BCG)Morgan StanleyBYJU’s
Barclays CapitalMcKinsey & CompanyTCS
GodrejAirtelJ P Morgan

Placements depend a lot upon the stream you choose. So, check the best colleges stream-wise by clicking on the links below.

Top MBA Colleges in Pune: For Marketing

The advertising and marketing sector in India is expected to cross the $10 billion mark by the end of 2019. Growing at a compound annual growth rate (CAGR) of 33.5%, digital marketing and online marketing industry are expected to grow at a twofold-threefold rate.

Following are the top MBA colleges in Pune for Marketing:

  • Balaji Institute of Modern Management [BIMM]

  • Institute of Management and Entrepreneurship Development [IMED]

  • Symbiosis Institute of Business Management [SIBM]

Top MBA Colleges in MumbaiTop MBA Colleges in Maharashtra
Top MBA Colleges in NashikTop MBA Colleges in Nagpur

Top MBA Colleges in Pune: FAQs

Ques. Which MBA degree pays the most?

Ans. As per the latest trends, MBA Business Analytics and MBA Marketing have proved themselves to be the most lucrative MBA specializations.

Ques. Which is the best college for MBA in Pune?

Ans. Pune houses some of the top MBA colleges in Maharashtra including SIBM Pune, Flame University, and PUMBA.

Ques. What is the salary of MBA in IT?

Ans. The average annual MBA in IT salary is INR 9.8 lakh.

Ques. Which college is best for MBA in Maharashtra?

Ans. IIT Bombay has been ranked as the best MBA college in Maharashtra by NIRF. The list also includes SPJIMR Mumbai, SIBM Pune and ITM Nagpur.

Ques. Is Amity Mumbai good for MBA?

Ans. Amity Mumbai admits students on the basis of various criteria like CAT, XAT, NMAT, MAT, GMAT, etc. The average placement package is around INR 3-4 lakh.

Ques. How can I join MBA in IIM?

Ans. IIMs give admissions on the basis of:

(i) For National Students: Score of CAT is considered.

(ii) For International Students: Score of GMAT is considered.

Ques. Which IIT is best for MBA?

Ans. IIT Bombay has demonstrated its calibre when it comes to management education. The institute has been ranked 1st by NIRF Ranking 2019. QS has also named IIT Bombay as the best university in India.

Ques. What is the fee of MBA in Mumbai?

Ans. Mumbai houses the highest number of top MBA colleges in India. The average fee for pursuing MBA from these colleges is INR 7 lakh.

show more
FOUND 204 CollegesSET DEFAULT

Course

course duration [in years]