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There are 5 top MBA colleges in Pune, including 4 privately owned and 1 semi-public MBA college. Out of which, Symbiosis Institute of Business Management (SIMB) and National Institute of Bank Management, the two top B-schools of Pune, succeeded in securing positions in the NIRF MBA Ranking 2023. Just like any other management institute in India, the top MBA institutes in Pune are known for accepting admissions through MBA entrance exams like CAT, MAT, XAT, CMAT, NMAT, or any university-based entrance test. And if you succeed in securing admission to any of the top MBA colleges in Pune, your average annual MBA fee would range between INR 1 to 5 lakhs.
This blog article covers further details regarding the list of highly pursued and best MBA colleges and their admission processes and the latest placement overview to help you make the right call.
| Particulars | Relevant Details |
| No. of MBA Colleges | 240+ |
| Average Admission Fees | INR 1 to 5 Lakhs |
| Top Specialisation | Finance, Human Resources, Sales and Marketing, Operation, etc. |
| Entrance Tests | XAT, CAT, MAT, CMAT, etc. |
Table of Contents
Must Read: Top MBA Colleges in India 2023
List of Top 15 MBA Colleges in Pune 2024
As per the latest survey, Pune is home to more than 240 AICTE-recognised MBA schools. Within these 240 B-schools, 34 colleges are UGC-approved, 206 are privately owned, and 9 MBA institutes are government-recognised.
However, the list of 15 best MBA colleges below is compiled based on their popularity, rankings, and ratings by various esteemed agencies like NIRF, The Times, and India Today for ease of selection.
| MBA Colleges in Pune | No. of Seats (MBA/PGDM) | LE Rating |
| Symbiosis Institute of Business Management (SIMB) | 280 | 4.9 |
| Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development (IMED) | 240 | 5 |
| Symbiosis Centre for Management and Human Resource Development (SCMHRD) | 306 | 4.8 |
| International Institute of Management Studies (IIMS) | 240 | 4.8 |
| National Insurance Academy (NIA) | 120 | 4.7 |
| Pune Institute of Business Management (PIBM) | 180 | 4.5 |
| Balaji Institute of Modern Management (BIMM) | 360 | 4.8 |
| Symbiosis Institute of International Business (SIIB) | 210 | 4.9 |
| Balaji Institute of Management and Human Resource Development (BIMHRD) | 240 | 4.7 |
| Institute of Management Development and Research (IMDR) | 180 | 4.6 |
| International School of Business and Media | 300 | 4.4 |
| MIT School of Business (MITSOB) | 180 | 4.5 |
| Amity Global Business School Pune | 60 | 4.7 |
| BITM Pune | 240 | 4.6 |
| FLAME University | 120 | 4.4 |
Top Private MBA Colleges in Pune
Check the following list of privately run MBA colleges in Pune along with their average fees and common MBA entrance exam:
| Name of College | Entrance Exam | Average Annual Fees |
| Symbiosis Institute of Business Management (SIBM) | SNAP | INR 22 Lakhs |
| Pune Institute of Business Management | CMAT, CAT, MAT, XAT | INR 8 Lakhs |
| Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth | BMAT | INR 5 Lakhs |
| National Insurance Academy (NIA) | CAT and CMAT | INR 14 Lakhs |
Best Public-Private MBA College in Pune
If in case you wish to apply to a public-private MBA college in Pune, then you need to aim for this college and the following entrance exams:
| Name of College | Entrance Exam | Average Annual Fees |
| National Institute of Bank Management | CMAT, CAT, MAT, XAT | INR 14 Lakhs |
Also Read: MBA in Delhi University
Top MBA Colleges in Pune – NIRF Ranking 2023
Above all, the list of top MBA colleges issued by NIRF (The National Institutional Ranking Framework), annually is put in high regard. After all the ranking is based on various criteria like teacher, learning, and resources, along with other factors like graduation outcome (GO) and return on investment (ROI).
Last year, these management universities in Pune were ranked highly in the NIRF MBA university list:
| Name of College | NIRF 2022 | NIRF 2023 | NIRF Score |
| Symbiosis Institute of Business Management (SIBM) | 17 | 17 | 62.74 |
| National Institute of Bank Management | NA | 76 | 47.08 |
Eligibility Criteria of Top MBA Colleges in Pune 2024
Although, each university in the above-mentioned lists has its own set of eligibility criteria for accepting admission to their MBA or PGDM courses; however, the requirements given below are common for securing admissions in any of the top MBA colleges in Pune:
- A graduation mark sheet or equivalent degree from a recognized university or institution.
- 50% aggregate marks in UG-certificate.
- Final year scorecard (for candidates awaiting their results or appearing for the last semester exam)
- Entrance exam scorecard with specified qualifying marks.
Must Read: Eligibility for MBA Courses Across The Globe
Popular Entrance Exams Accepted by Top MBA Colleges in Pune
A few most popular MBA entrance exams you can aim for to secure admission to the management college of Pune are:-
- CAT (Common Admission Test): This is a common entrance test for MBAs put in high regard by the top 20 IIMs and other MBA colleges in India. The CAT 2024 will be conducted on 24 November 2024. Just in case you are planning to appear for the test this year.
- MAT (Management Aptitude Test): This national-level entrance exam is usually conducted in a cyclic order of four phases – February, May, September and December. As per the latest update, MAT Registration Process 2024 is soon to be closed on 5th March 2024.
- XAT (Xavier Aptitude Test): Another popular national-level exam you can aim for is XAT 2024, conducted by XLRI, Jamshedpur.
ROI of Top MBA Colleges in Pune
The return on investment for the graduates from any of the following MBA colleges of MBA can be as follows:-
| Name of College | Average Placement Package | Average Annual Fees |
| Symbiosis Institute of Business Management (SIBM) | INR 21 LPA | INR 22 Lakhs |
| Pune Institute of Business Management | INR 7 LPA | INR 8 Lakhs |
| Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth | INR 6 LPA | INR 5 Lakhs |
| National Insurance Academy (NIA) | INR 11 LPA | INR 14 Lakhs |
FAQs
Which is the best college for an MBA in Pune?
Determining the best college for an MBA in Pune depends on various factors such as accreditation, faculty expertise, infrastructure, placement record, industry connections, and personal preferences. However, some reputed MBA colleges in Pune include:
- Symbiosis Institute of Business Management (SIBM)
- Narsee Monjee Institute of Management Studies (NMIMS)
- Institute of Management Development and Research (IMDR)
- Pune University Department of Management Studies (PUMBA)
- Balaji Institute of Modern Management (BIMM)
What are the average MBA fees in Pune?
The average MBA fees in Pune can range from INR 5 lakhs to INR 20 lakhs for the entire course duration.
Which college has the best MBA placement record in Pune?
Some of the top MBA colleges in Pune known for their strong placement records include:
- Symbiosis Institute of Business Management (SIBM)
- Narsee Monjee Institute of Management Studies (NMIMS)
- Institute of Management Development and Research (IMDR)
- Pune University Department of Management Studies (PUMBA)
- Balaji Institute of Modern Management (BIMM)
Find more informative reads below!
This was all about the top MBA colleges in Pune and their rankings. Hopefully, you have found the information you were looking for. Stay tuned for more such informative reads on the Indian university page of Leverage Edu.