Looking for the Best MBA colleges in Nagpur? then you have landed on right article. With the increasing competition in the employment market, earning an MBA or Master of Business Administration degree has become a crucial step for many for professional progression. Students can take up various specialisations under these management courses to accomplish their career goals.
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Nagpur is located in the North-Eastern part of Maharashtra. It is one of the most developed cities in terms of infrastructure in Maharashtra. Nagpur houses a huge number of well-accredited and reputed management institutes that offer an MBA degree to students.
Over 60 colleges and institutions in Nagpur offer an MBA degree. It comprises colleges from the public and private sectors. Also, pursuing an MBA from Nagpur is considered relatively more affordable than other cities in Maharashtra. For those considering alternative locations within Maharashtra, the MBA colleges in Pune, a renowned educational hub, could be a compelling option alongside the affordable choices available in Nagpur.
In this blog, we have covered the top MBA colleges in Nagpur in detail. In total, there are around 63 colleges in Nagpur of which 41 of them are privately owned and 6 colleges are owned by the public or government.
Why Should You Study for an MBA in Nagpur?
Apart from housing a beautiful culture, various startups and stunning architecture, this state is also quite popular among students across the country. The colleges in Nagpur are known to impart quality education and massive educational facilities to their students hence attracting attention globally.
Many MBA colleges in Nagpur are available to students who want to work in the fields of marketing, finance, business, and management. Throughout history, the state has been the location of several governmental and private institutions that have achieved significant national recognition.
Eligibility Criteria for MBA Program in Nagpur
1. Graduation:
Graduates from accredited universities with a minimum grade of 50% or higher, or a comparable CGPA, are required to meet the MBA eligibility requirements in Nagpur. While there is no upper age limit to obtain an MBA, candidates must be at least 21 years old to sit for several MBA entrance exams.
2. Work experience:
Work experience may be one of the prerequisites. Some colleges favour accepting applicants with two to three years of experience because it demonstrates the candidate’s professional abilities.
3. Reservations:
At least 5% of the MBA qualifying requirements for students in restricted categories—such as SC, ST, PwD, and OBC—are waived upon graduation.
4. Group discussion and PI:
Additionally, some colleges in Nagpur use personal interview rounds and group talks as extra selection criteria for their students. These highlight a candidate’s qualities, leadership abilities, and other attributes. These, however, are state-wide and contingent upon the colleges.
5. Proof of English proficiency:
While rare, some universities may require documentation of English language competency. This implies that in order for students to prove their proficiency in the English language, they must take the TOEFL or IELTS. The benchmark score varies based on the university.
Things to Consider While Choosing a MBA College
1. Institute ranking
Numerous organisations frequently rank colleges according to a variety of factors. Students are able to select the college that best fits their academic needs by carefully reviewing these rankings. When selecting the best MBA program or university in India, students can consult a comprehensive list of rankings that includes placement scores, ranks, and value ratings.
2. Learn about the course professionals.
Many of the top MBA programs in India hire professors who have years of experience, a solid teaching background, and a proven track record of success. Experts who impart their knowledge to the upcoming generation of leaders are beneficial to students. Occasionally, colleges that accept invites have distinguished visiting academics teach courses at other famous universities.
3. Program outline
With new industrial trends emerging in an ever-evolving business environment, students must ensure that the course material meets industry standards and expectations. Looking at the curriculum, you can get a feel of what is being taught.
List of Top 10 MBA Colleges in Nagpur
Here are some of the top MBA colleges in Nagpur. Let’s have a look at them:
1. Indian Institute of Management Nagpur (IIM Nagpur)
Indian Institute of Management Nagpur is among the most recently established among IIMs. It was established in 2015 along with a campus in Pune. However, in such a short span of time, it has gained recognition as one of the top MBA colleges in India. Till date, it has produced some of the best and most accomplished professionals who have contributed majorly in their fields.
The institute’s academic curriculum is renowned for its high standards, and its faculty is among the best in the field. Additionally, because so many students from around the world attend Indian Institutes of Management to earn MBA degrees, these institutions are renowned for their ability to accommodate a wide range of cultural backgrounds.
- Establishment year: 2015
- Average course fee: INR 18,00,000
- Accepted entrance exams: CAT
- Placement package after graduation: INR 16,85,000
2. Institute of Management Technology
The Institute of Management Technology in Nagpur is one of the top management institutions in India. This college offers a flexible education program along with a huge infrastructure for the students. Currently, there are regular full-time courses and executive courses.
It provides a two-year MBA curriculum that will encourage students to find high-paying positions down the road. This institute is also known for recognising cultural festivals, events, and more.
- Established year: 1961
- Average course fee: INR 14,50,515
- Accepted entrance exams: CAT/XAT/GMAT
- Placement package after graduation: INR 13,25,000
3. G.S. College of Commerce and Economics
G.S. College of Commerce and Economics is one of the top most MBA colleges in Nagpur. It was founded by Rashtrasant Tukadoji Maharaj and offers a wide range of business related courses including MBA and integrated courses to students. Additionally, students are encouraged to take up additional responsibilities to help develop skills for career advancement. Additionally, this college has really low fees and offers maximum placement assistance in Nagpur.
- Established year: 1946
- Average course fee: INR 1,80,000
- Accepted entrance exams: CAT/MAT/CMAT
- Placement package after graduation: INR 6,25,000
4. Priyadarshini Lokmanya Tilak Institute of Management Studies and Research
Priyadarshini Lokmanya Tilak Institute of Management Studies and Research in Nagpur was primarily established to provide technical education with a huge social impact in the society. This MBA college in Nagpur is quite affordable when compared to other colleges of the city. They offer specialisations in various disciplines such as finance, marketing, HR, management, accounting and analytics intelligence. The college is surrounded by beautiful landscapes and is equipped with modern amenities for student’s recreational activities.
- Established year: 1994
- Average course fee: INR 1,60,000
- Accepted entrance exams: CAT/CMAT/GMAT
- Placement package after graduation: INR 6,50,000
5. Dr. Panjabrao Deshmukh Institute of Management Technology and Research
Dr. Panjabrao Deshmukh Institute of Management Technology and Research offers MBA courses to its students equipped with the latest technology. Additionally, students can also pick residential course options in their comfortable hostels. This college gained popularity for being one of the top MBA colleges in India since its intake of almost 60 students every year.
- Established year: 1980
- Average course fee: INR 2,10,000
- Accepted entrance exams: CAT/MAT/XAT/CMAT/MAH CET
- Placement package after graduation: INR 4,00,000 to INR 5,00,000
6. Real Institute of Management and Research
Real Institute of Management and Research is among top MBA colleges in Nagpur. Additionally, there are various technology and management specialisations available for these MBA programs such as aviation management, finance, HR, business development etc.
Moreover, since Nagpur is close to Pune and Mumbai, it is quite ideal for students who want to study in this college’s international campuses. Real Institute of Management and Research also works with the International Exchange Program, RIMR which offers MBA to students world wide. Moreover, the professors are known to be highly educated and up-to-date with the industry trends.
- Established year: 2010
- Average course fee: INR 1,90,000
- Accepted entrance exams: MAH MBA CET/CAT
- Placement package after graduation: INR 3,60,000
7. G.H Raisoni College of Engineering
GH Raisoni College of Engineering is among the top MBA colleges in India. This college offers a huge number of management programs to its students to choose from including MBA and BBA. This college is dedicated to building a student’s ability to face challenges and work on their skills.
Additionally, their alums have worked in companies where they have established potential links to enhance the career prospects of their students. This in turn provides excellent placement opportunities to the students.
- Established year: 1996
- Average course fee: INR 2,70,000
- Accepted entrance exams: CAT/MAH MBA CET
- Placement package after graduation: INR 4,00,000 to INR 5,00,000
8. Symbiosis Institute of Business Management
The Symbiosis Institute of Business Management is one of the top MBA colleges in Nagpur and is known for its experiential learning model, this institute encourages every individual’s business development skills. Moreover, it boasts of having professors who have expert analytical and problem-solving skills required in the market or for running a business. Students can choose from various courses such as finance, operations, marketing, HR and strategic marketing.
- Established year: 1971
- Average course fee: INR 10,40,000 to INR 15,20,000
- Accepted entrance exam: SNAP score
- Placement package after graduation: INR 23,06,000
9. Tirpude Institute of Management Education
Tirpude Institute of Management Education or TIME is located in Kamptee. It was founded in 2012 making it one of the newest MBA schools in Nagpur. The curriculum of this college focuses on entrepreneurship especially since Nagpur is the centre of startups and businesses. This college also emphasises on learning theoretical knowledge and applying it practically via projects, researches or case studies.
- Established year: 2012
- Average course fee: INR 2,31,000
- Accepted entrance exam: MAH MBA CET/MAT/XAT/CAT/CMAT
- Placement package after graduation: INR 4,00,000 to INR 5,00,000
10. Dr. Ambedkar Institute of Management Studies and Research
Dr. Ambedkar Institute of Management Studies and Research is a private business school approved by UGC. The college is affiliated to the RTM Nagpur University. This institute offers UG, PG and PhD courses to students in the field of business, finance and management. It provides BBA and MBA as flagship courses to its colleges.
- Established year: 1987
- Average course fee: INR 2,90,000
- Accepted entrance exam: MAH MBA CET/XAT/CAT
- Placement package after graduation: INR 4,30,000
Future of MBA
One of the biggest reasons to choose an MBA degree is for career advancement. A lot of students achieve this by gaining skills or by increasing their marketability to potential employers. Additionally MBA programs often have a strong focus on networking thus enabling students to make valuable connections that could help them in their career.
The MBA program covers a huge range of business disciplines which includes finances, marketing and operations that could give students a well rounded education in the world of business.
As the banking and the finance industry is evolving, the scope of an MBA degree in this industry is also growing. With this degree professionals can attain a deeper understanding of management, operations and corporate finance. Additionally, MBA graduates can play a huge role in the field of management consulting which helps in development and growth of a business and startups. There is massive scope for MBA graduates in this field since they could offer a lot to the company.
Many MBA programs provide ample opportunities for networking. Startups can connect with potential investors, mentors, advisers, and partners through this network. The relationships that MBAs have with angel and venture capitalists can help companies find finance.
These days, entrepreneurship and innovation are common subjects in MBA programs. After completing this program, MBA candidates will have the resources and mindset necessary to establish, expand, and run new companies—skills that align with the goals of startups.
But it’s vital to remember that attending a reputable business school can lead to a variety of chances and expose students to a range of real-world scenarios that are crucial for their professional development.
Frequently Asked Questions
1. Which MBA college has the best placement in Nagpur?
IIM Nagpur is known to have the best placement in Nagpur followed by IMT Nagpur. These are some of the top MBA colleges in Nagpur that offer placements to almost every student each year.
2. How many MBA colleges are there in Nagpur?
There are 63 MBA colleges in Nagpur of which 41 MBA colleges are privately owned and 6 are owned by the government organisations.
3. Which MBA is highest in demand?
Currently, the most trending programs related to the MBA are artificial intelligence and machine learning.
4. What is the salary of an MBA fresher in Nagpur?
For an MBA student who is in final year with less than three years of experience, the average salary package that could be offered would be around 3.2 lakhs per year in Nagpur.
5. Is Symbiosis Nagpur worth the price?
Symbiosis Nagpur is one of the top MBA colleges in Nagpur. It has a placement rate of about 98% with an average salary package offer of 8LPA to 9LPA.
6. Is CAT mandatory to study MBA in Nagpur?
No. CAT is not compulsory to study for an MBA in Nagpur. If the students have a score card from valid entrance exams such as MAt, MAH MBA CET etc, it should be enough to get placed in some of the top MBA colleges in Nagpur.
Conclusion
An MBA degree opens up doors to a wide range of career opportunities from various sectors. MBA in Nagpur is one of the sought after courses in the cities since MBA graduates can choose to work in various departments such as finance, healthcare, technology and many other industries.
The worth of this degree holder will continue to rise as more businesses and startups get established in Nagpur, which is also known to be one of the central hubs for businesses in India. Apart from this, with increasing developments in the city, graduates can expect plenty of opportunities in the work front on completion of their MBA programs.
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