Looking for MBA Colleges in Pune? then you are on the right article. Pune is also known as “the Oxford of the East.” It is a hub for management education in India, with a varied range of MBA colleges. These universities are well-known for their academic rigor and industry-aligned curriculum, which attracts students from all around the country.
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The Symbiosis Institute of Business Management (SIBM), Pune Institute of Business Management (PIBM), International Institute of Management Studies (IIMS), and Balaji Institute of Modern Management (BIMM) are among the top MBA colleges in Pune. They provide specialized courses in finance, marketing, human resources, and operations management, among others.
Pune’s MBA colleges are notable for their renowned teachers, contemporary infrastructure, and close linkages to the corporate sector. This ensures that students gain practical experience, internships, and placement chances in leading companies.
Pune’s MBA colleges, renowned for their exceptional faculty and industry connections, stand out among educational institutions in Maharashtra. For those exploring options beyond Pune, the vibrant landscape of MBA colleges in Mumbai presents an equally compelling opportunity for academic and professional growth.
List of 13 Best MBA Colleges in Pune
There are hundreds of MBA colleges and institutions in Pune which make it difficult for students to choose the relevant one. We have researched and mentioned some of the top institutions below, let’s have a look:
1. IIEBM Indus Business School
- Location: Wakad, Pune
- Type: Private Institute
- Courses Offered: 1 Course
- Total Tuition Fees: ₹7.95 Lakhs
- Placement Performance: Ranked #2 in Times B-School Survey 2022
IIEBM Indus Business School, located in Wakad, is a private institute that offers only one course. The program has a total tuition charge of ₹7.95 lakh. Notably, it placed second in the Times B-School Survey 2022 for placement performance, demonstrating its commitment to offering great employment possibilities for its students.
2. FLAME University
- Location: Lavale Village, Pune
- Type: Private University
- Courses Offered: 2 Courses
- Total Tuition Fees: ₹11.7 Lakhs ₹12.8 Lakhs
The FLAME institution located in Lavale Village is a famous private institution that provides two courses. Tuition prices range from ₹11.7 Lakhs to ₹12.8 Lakhs, ensuring students receive superior education. While exact rankings and placement statistics may not be available, FLAME University is well-known for its challenging academic program and comprehensive development approach.
3. S.B Patil Institute of Management, Pimpri Chinchwad Education Trust’s
- Location: Nigdi, Pune
- Type: Private Institute
- Courses Offered: 1 Course
- Rating: 4.1 Stars
- Exams Accepted: MAH CET, CAT
- Total Tuition Fees: ₹1.95 Lakhs
- Median Salary: ₹3.25 Lakhs per annum
S.B Patil Institute of Management is located in Nigdi and run by Pimpri Chinchwad Education Trust is a private institute that offers only one course. It has a great 4.1-star rating and accepts both MAH CET and CAT results for admission.
The program has inexpensive tuition fees of ₹1.95 Lakhs, making it accessible to a diverse spectrum of students. Despite its low fees, the college offers promising job opportunities with a median annual salary of ₹3.25 lakhs.
4. Symbiosis Institute of Business Management, Symbiosis International, Pune
- Location: Lavale Village, Pune
- Type: Private Institute
- NIRF Ranking: #17
- Courses Offered: 2 Courses
- Rating: 4.4 Stars
- Exams Accepted: MAH CET, SNAP
- Total Tuition Fees: ₹24.2 Lakhs
- Median Salary: ₹24 Lakhs per annum
The reputable private school Symbiosis Institute of Business Management in Pune, which is a division of Symbiosis International, provides two courses. It has an impressive NIRF ranking of #17 and admits students with MAH CET and SNAP scores. The institute is well-known and offers a high median income of ₹24 Lakhs annually. Situated in Lavale Village, it offers a supportive atmosphere for learning and development.
5. Pune Institute of Business Management
- Location: Mulshi, Pune
- Type: Private Institute
- NIRF Ranking: #101-125
- Courses Offered: 5 Courses
- Rating: 4.1 Stars
- Exams Accepted: MAH CET, CAT
- Total Tuition Fees: ₹8.75 Lakhs ₹30 Lakhs
- Median Salary: ₹7.1 Lakhs per annum
Pune Institute of Business Management is a private school with a range of educational offerings, situated in Mulshi. It has a NIRF ranking of #101–125, however, it still has a decent rating of 4.1 stars. For admission, the institute accepts CAT and MAH CET results. It offers tuition prices ranging from ₹8.75 Lakhs to ₹30 Lakhs, thus it can accommodate students from a variety of financial circumstances. The annual median pay is currently ₹7.1 Lakhs.
6. ASM’s Institute of Business Management and Research
- Location: Chinchwad, Pune
- Type: Private Institute
- Courses Offered: 7 Courses
- Total Tuition Fees: ₹4.8 Lakhs ₹7 Lakhs
The Chinchwad-based ASM Institute of Business Management and Research provides a wide range of 7 courses. The institution offers reasonably priced, high-quality education, with total tuition costs ranging from ₹4.8 Lakhs to ₹7 Lakhs.
7. International Institute of Management Studies (IIMS Pune)
- Location: Hinjewadi, Pune
- Type: Private Institute
- Courses Offered: 1 Course
- Total Tuition Fees: ₹9 Lakhs
The International Institute of Management Studies (IIMS Pune) is a Hinjewadi-based institution that offers just one course. The institute seeks to give its students a targeted education for a total tuition charge of ₹9 Lakhs. Notably, Amul and Apollo Munich are among its top recruiters; in 2018, Forbes India Marque named it a Great Indian Institute.
8. National Institute of Bank Management
- Location: NIBM Road, Pune
- Type: Public-Private Partnership Institute
- NIRF Ranking: #76
- Courses Offered: 1 Course
- Rating: 4.5 Stars
- Exams Accepted: CAT, CMAT
- Total Tuition Fees: ₹13.72 Lakhs
- Median Salary: ₹10.5 Lakhs per annum
The National Institute of Bank Management, located on NIBM Road in Pune, is a famous public-private collaboration institution. It has a single course and a decent NIRF ranking of #76. Admissions officers accept CAT and CMAT results. The institute offers high-quality education for a cheap tuition charge of ₹13.72 Lakhs, with a median annual salary of ₹10.5 Lakh.
9. National Insurance Academy (NIA)
- Location: Balewadi, Pune
- Type: Private Institute
- NIRF Ranking: #101-125
- Courses Offered: 1 Course
- Rating: 4.4 Stars
- Exams Accepted: CAT, CMAT
- Total Tuition Fees: ₹11 Lakhs
- Median Salary: ₹13 Lakhs per annum
The National Insurance Academy (NIA), located in Balewadi, is a private institute placed between 101 and 125 in the NIRF rankings. With a 4.4-star rating, it offers one course and accepts CAT and CMAT scores for enrollment. Tuition fees are ₹11 lakhs, with a median annual salary of ₹13 lakhs after graduation.
10. Symbiosis Centre for Information Technology, Symbiosis International, Pune
- Location: Hinjewadi, Pune
- Type: Private Institute
- Business Today Ranking: #76
- Courses Offered: 2 Courses
- Rating: 4.3 Stars
- Exams Accepted: MAH CET, SNAP
- Total Tuition Fees: ₹13.2 Lakhs ₹13.86 Lakhs
- Median Salary: ₹12.58 Lakhs per annum
Symbiosis Centre for Information Technology, part of Symbiosis International, Pune, is a private institute ranked #76 by Business Today. It offers two courses and has a stellar rating of 4.3 stars. Admissions are accepted based on MAH CET and SNAP scores. Tuition fees range from ₹13.2 Lakhs to ₹13.86 Lakhs, with a median annual salary of ₹12.58 Lakhs.
11. MIT-WPU
- Location: Kothrud, Pune
- Type: Private Institute
- Courses Offered: 10 Courses
- Top 25 in Maharashtra
- Rating: 3.7 Stars
- Exams Accepted: MAH CET, CAT
- Total Tuition Fees: ₹9.1 Lakhs ₹14.25 Lakhs
- Median Salary: ₹6 Lakhs per annum
MIT-WPU, located in Kothrud, is a private institute listed among the top 25 in Maharashtra. It provides a diverse set of ten courses and accepts MAH CET and CAT results for admission. Tuition prices range from ₹9.1 to ₹14.25 lakhs. However, the median post-graduation pay is ₹6 lakhs annually.
12. Lexicon Management Institute of Leadership and Excellence
- Location: Wagholi, Pune
- Type: Private Institute
- Courses Offered: 7 Courses
- Total Tuition Fees: ₹10.5 Lakhs ₹29.07 Lakhs
- TOI Ranking ’18: Ranked 29th All Over India
- Internship: Minimum 9 Months Paid Internship in Final Year
Lexicon Management Institute of Leadership and Excellence, a private institute in Wagholi, offers seven courses. Tuition costs range from ₹10.5 Lakhs to ₹29.07 Lakhs, offering a range of programs. Notably, it placed 29th in India in the TOI Rankings ’18. In addition, the school offers a minimum of 9 months of paid internship in the final year to provide students with more practical experience.
13. Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth
- Location: Erandwana, Pune
- Type: Private Institute
- NIRF Ranking: #101-125
- Courses Offered: 2 Courses
- Rating: 4.5 Stars
- Exams Accepted: MAH CET, BMAT
- Total Tuition Fees: ₹5 Lakhs
- Median Salary: ₹6.45 Lakhs per annum
The Bharati Vidyapeeth Institute of Management and Entrepreneurship Development, located in Erandwana, is a private institute ranked between #101 and 125 by NIRF. It has a great 4.5-star rating, offers two courses, and admits students with MAH CET and BMAT grades. Tuition expenses are inexpensive at ₹5 lakhs, with a median annual salary of ₹6.45 lakhs after graduation.
FAQs
1. Why are MBA programs so expensive?
Tuition is just one component of the overall cost of an MBA program. Other factors to consider include administration fees, textbooks, transportation expenses, and the typical cost of living in the area. Additionally, there can be significant differences in tuition between public and private schools, which can greatly impact the total cost of enrollment.
2. How can I secure admission to an MBA program in Pune?
Students must first appear for an entrance exam, followed by a GDPI (Group Discussion and Personal Interview) round to qualify for admission. Pune offers various specializations for MBA programs, including Sales & Marketing, Finance, HR, Operations, and Agriculture and Food Business, among others.
3. What is the average salary package for MBA graduates in Pune?
MBA salaries in Pune vary, but the average salary is approximately ₹6,60,000 per year. Additionally, the average additional cash compensation for MBA graduates in Pune is around ₹50,000, with a range typically falling between ₹50,000 and ₹50,000.
4. Which MBA college is considered better in Pune?
Some of the top MBA colleges in Pune include Symbiosis Institute of Business Management (SIBM), National Institute of Bank Management, National Insurance Academy, and Pune Institute of Business Management. These institutions are renowned for their academic excellence and industry connections, making them attractive options for MBA aspirants.
5. Is pursuing studies in Pune worthwhile?
There are several reasons to contemplate studying in Pune. While academic excellence is certainly a significant factor, the city offers a unique blend of opportunities beyond the classroom. From cultural diversity to vibrant social scenes, Pune enriches the overall educational experience. Additionally, the city boasts a robust job market, providing ample prospects for internships and employment post-graduation.
Conclusion
MBA colleges in Pune are well-known for their excellent placement rates and high caliber of instruction. Some of the best schools for teaching management are the National Institute of Bank Management, the Symbiosis Institute of Business Management (SIBM), and the National Insurance Academy. These colleges offer a wide range of specializations internships and guest lectures that give students useful experience in the field.
The tough admissions standards and experienced teachers at these MBA colleges in Pune make sure that their graduates are ready for great jobs in HR, finance, marketing, and other areas. They are the first choice of many bright people in Pune who want to get a good MBA.
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