Top 10 MBA Colleges in Pune 2024- Admission, Fees, and Exams

Pune city, Maharashtra is one of the throbbing centers of colleges and business schools offering an MBA to candidates. Pune, being an academic centre for higher education, has a huge number of educational institutions and universities for management. There are many private and public MBA colleges in Pune with plenty of different specializations available for students.

Top MBA Colleges of Pune

Pune has over 300 top Management universities and colleges in the private and public sectors as well that offer an MBA course in all specializations including those like sales and marketing management, human resource management, operations management, finance management, IT management, business analytics etc.

There are a number of factors to be considered while selecting a top Private MBA college, like the NIRF rankings of the university, the entrance examinations that the university/college accepts as a valid criteria for admission, the fees, and specialization’s offered, etc.

Here we have listed down some of the best private MBA colleges and universities in Pune with fees and NIRF ranking details below.

General Eligibility and Accepted Entrance Exams for Admissions in Pune MBA Colleges 

Most of the prestigious and famous MBA colleges of India have assured general eligibility criteria that a candidate have to meet to apply to the MBA/PGDM course. 

The admission procedures for private MBA colleges are comprehensive and is based upon both the performance of the student on the entrance examinations and their profile and interview. 

The most basic MBA admission eligibility criteria that most private colleges in Pune request include:

• The students applying for the MBA course must be a graduate from a recognized university/institution for higher education. 

• Candidates from any stream of education in graduation are eligible to apply for MBA program in top MBA College in Pune. 

• Most colleges and universities also need the candidate to have secured at least 50% aggregate marks at graduation. In the case of reserved categories, numerous universities provide a relaxation of 5% as an inclusive measure. 

• Apart from this, for most of the MBA colleges/universities, the candidate must have cleared a management aptitude test like the CAT/XAT/SNAP/MAT/GMAT etc. 

There are few MBA entrance examinations of management aptitude which are accepted by most of the Private MBA Colleges and Universities in Pune.

Some of the top MBA colleges of Pune, along with their accepted entrance examinations, are given here. 

The following factors are taken into consideration by MBA schools in Pune when choosing applicants for admission: performance on a management aptitude test or entrance examination: 

• Their Profile: which contains their academic history along with their accomplishments, vocational or skill development ventures, professional tasks and portfolio etc. 

• Personal Interview is the final eligibility criteria for MBA admission in Pune.

Best Private & Public MBA Colleges of Pune 

The salient features of the best public and private universities are outlined here in brief. And institutes offering an MBA (Master of Business Administration) (or PGDM) degree course in Pune to students.  

1) Symbiosis Institute of Business Management (SIBM) 

One of the most prominent private universities in India is Symbiosis University. Its business management branch, the Symbiosis Institute of Business Management (SIBM), has an NIRF ranking of 17 in the Management category of 2023 and is an A++ management institute accredited by the NAAC. 

It offers an MBA course to students, the basic details of which are listed here:

2) National Institute of Bank Management (NIBM), Pune

The Reserve Bank of India (RBI) founded the National Institute of Bank Management in 1969 as an independent university for banking and finance studies. The AICTE has granted the institute approval for its professional training and management programs. According to the NIRF rankings of the management category 2023, NIBM Pune is presently ranked among the top 80 institutions in Pune. NIBM Pune now offers a PGDM degree course in the specialisation of Banking and Financial Services.  

Find more details about the PGDM course at NIBM here. 

3) Pune Institute of Business Management

Another well-known management and business school in Pune is the Pune Institute of Business Management (PIBM). The NIRF has placed PIBM in the top 100 management schools in India. The management programs in Pune offered at PIBM have also received the approval of the AICTE, which is one of the main accrediting bodies for technical education in India. 

As one of the most prestigious management schools in Pune, PIBM provides students with an affordable option for pursuing a PGDM course. 

MBA program Highlight at PIBM. 

4) National Insurance Agency (NIA)

One of the best government/private institutions for management and financial studies is the National Insurance Agency (NIA) in Pune. Leading Indian organizations, including the Ministry of Finance, the Government of India, the Life Insurance Corporation of India (LIC), the New India Assurance Company, and other contributing organizations, came together to form the agency in 1980. The agency has the approval from the AICTE as well to offer technical education courses to applicants. 

The NIA, Pune offers a Post Graduate Diploma in Management definitely in the domain of Insurance and Risk Management, which is an exceptional area of specialization ideal for those interested in the domains of finance and insurance. 

5) Balaji Institute of Modern Management (BIMM)

The Times ranked the private Balaji Institute of Modern Management, a management and business school in Tathawade, Pune, as the tenth best college in Pune for higher education in 2023. BIMM, Pune offers an MBA admission to candidates which has been approved by the AICTE.  Here are the basic details of the MBA degree course and the institute. 

6) Symbiosis Institute of International Business (SIIB)

Another business study institution affiliated with the Symbiosis (deemed-to-be) University is the Symbiosis Institute of International Business (SIIB), located in Pune. It has continuously been ranked as one of the most esteemed business schools in India, and as of 2021, The Week ranked it as one of the top 22 business schools in the country overall. 

Find more details about the MBA program at SIIB, Pune here. 

7) International School of Business and Media (ISBM), Pune

The International School of Business and Media is an AICTE-approved PGDM school in Pune, India. It is thought to be one of the most esteemed colleges for completing a management degree. In addition to being recognized by ASSOCHAM, the institute was also given the "National Assocham National Leadership Excellence Awards 202," which are given in the category of best B-school in India.   

ISBM offers a PGDM course to students in 6 different specialisations. The ISBM institute also has facilities for scholarships, thus making education here reasonable for a larger number of aspirants. Here are more relevant details about MBA course in ISBM.   

8) International Institute of Management Studies (IIMS), Pune

One of the best private schools for management education is the International Institute of Management Studies (IIMS), located in Pune. The India's Best B School Survey, Outlook in 2023, has ranked it as the sixth best private MBA program in Pune. This institute offers a reasonable PGDM course to applicants, with an all-round student support and placement assistance.  

Find more relevant details about the course here. 

9) Dr. D. Y. Patil Vidyapeeth, Pune

Dr. D. Y. Patil Vidyapeeth, university Pune is a well-known for higher education in a number of areas such as management, hospital management, medicine and healthcare and so on. Numerous prestigious national statutory bodies, such as the UGC, AICTE, ISO, AIU, ACU, WES, and others, have accredited the university.   

Here are the relevant details about the MBA program of DPU. 

10) Maharashtra Institute of Technology-College of Management (MITCOM), Pune

A privately owned management school is Maharashtra Institute of Technology-College of Management (MITCOM), located in Pune. The institution is AICTE approved and has been ranked as the top 16th best management college of Pune by The Times in 2023. The university is renowned for offering students comprehensive academic experiences and all-around support.   

MITCOM offers MBA program in 5 areas of specialisation, specifically, human resource management, marketing management, finance management, international business management and IT management. Further details about the mba degree course and the institute are provided herewith. 

Top Recruiters

When it comes to placements and recruitments from MBA colleges in Pune, plenty of the top MNCs, companies and corporate firms hire mba degree holders and interns from Pune. Since Pune is a top center of higher education, particularly for management, top recruiters looking for ambitious and creative aspirants who wish to develop their career in management. 

Here are a few of the top recruiters of many top colleges and universities in Pune.