Top MBA Colleges in Nagpur Based on 2024 Ranking

Top MBA Colleges in Nagpur: Rankings

Rankings of top colleges in India are released every year by many ranking agencies. These colleges and universities are ranked on grounds of various parameters like the Perception of the University, Faculty Quality, Student-Teacher Ratio, Outreach and Inclusivity, Placements, etc.

Some of the top-ranking agencies are NIRF, Outlook, India Today, Economic Times, Business Today, etc. These agencies release various lists like Top MBA Colleges in India for different categories like private, government, ROI wise, etc.  Mentioned below are the rankings for the top MBA colleges in Nagpur by many ranking agencies.

Top MBA Colleges in Nagpur: NIRF Ranking

National Institutional Ranking Framework also known as NIRF  is a methodology adopted by the Indian government to rank top Education institutions in India. NIRF ranks an Institute based on 5 different parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for 8 different domains. NIRF is the most trustworthy and popular Ranking agency in India.

As mentioned above NIRF ranks a college based on 5 major parameters which carry different weightage to get a ranking. The following chart shows the weightage allocated to different parameters considered by NIRF for the ranking of top colleges in India.

The colleges listed by the NIRF ranking are shown below.

• IIM Nagpur and IMT Nagpur are the only MBA colleges from Nagpur that have been ranked among the top 100 colleges in India.
• IMT Nagpur has improved in its ranking compared to the previous year. The institute has ranked 95 on the NIRF ranking list.

Also, check IMT Nagpur Placements.

Top MBA Colleges in Nagpur: India Today Ranking

India Today is a weekly Indian English-language news magazine published by Living Media India Limited. Every year, India Today releases a list of the top colleges in India.

• India Today has also ranked only IMT Nagpur among the top management colleges in India.
• The institute has got the 53rd rank in the India Today survey, an increment of 6 positions.
• The institute secured an overall score of 654.5 out of 1000.

• The total PGDM in this college is INR 14,00,000.

Top MBA Colleges in Nagpur: Jagran Josh Ranking

Jagran Josh also releases ranking lists for the top management and engineering colleges in India every year.

• The agency has not included any MBA college from Nagpur among the top 50 institutes in its latest ranking for the top management colleges in India.

• In 2018 also, IMT Nagpur was the only institute ranked at the 19th position.

Nagpur hosts top institutes like IIM Nagpur and Dr. B.R. Ambedkar Institute of Management Studies and Research, but none of them has been able so far to get ranked among the top MBA colleges in India.

Top MBA Colleges in Nagpur: ROI (Return on Investment)

Return on Investment or simply ROI is one of the most important parameters that one has to keep in mind while deciding on a college. Return on Investment tells us about the profitability of a college. It is the calculation of the amount of return (in terms of placement) we get on our investment (in terms of fees). Given below is a list of top MBA colleges in Nagpur ROI-wise.

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%

CIBMRD Nagpur emerges as the best MBA institute in Nagpur in terms of Return on Investment. It offers a package of up to INR 6,00,000 but has a relatively cheaper fee of INR 1,03,385 compared to other colleges in Nagpur.

Top MBA Colleges in Nagpur: Cutoff

Click on the links below to check the cut-off list for MBA colleges in Nagpur. This table mentions all the cutoff lists released by various MBA colleges for the different national-level and state-level MBA entrance exams they accept.

List of Private MBA Colleges in Nagpur

Tabulated below is the list of best private MBA colleges in Nagpur along with their fee structure.

List of Public MBA Colleges in Nagpur

Tabulated below is the list of best public MBA colleges in Nagpur along with their fee structure.

Top MBA Colleges in Nagpur: Admission Process

There are a total of 49 MBA colleges in Nagpur out of which 8 are public and 41 are private. The following chart shows their ratio.

Admissions to these colleges are mainly made through top MBA entrance exams like CAT, XAT, GMAT, and CMAT. Some universities also give admissions based on state-level entrance exams like MAH CET. The table below shows the number of colleges in Nagpur accepting scores of different top entrance exams.

Institute of Management Technology (IMT), Nagpur

Institute of Management Technology or IMT Nagpur is the only private MBA college from Nagpur that has been ranked by any ranking agency in India.

• It is a private co-ed institution established in 2004 by the industrialist Mahendra Nath.
• The institute offers a 2-year PGDM program specializing in Finance, Marketing, HR&OB, Operations Management, Business Analytics & IT, and Economics.
• The institute had a total student enrollment of 360.
• The academic program of the institution is divided into 6 terms of 10-12 weeks each. Each student is required to undertake a Summer Internship Program at the end of the first year.
• The institute accepts scores of exams like CAT, XAT, GMAT, and CMAT. Based on these scores, the institute calls students for the Group Discussion (GD) and Personal Interview (PI) rounds.
• According to its placement report, the highest salary offered was INR 23.70 lakh per annum and the average package was INR 7.64 lakh per annum.

• IMT Nagpur has also partnered with several foreign universities from countries like France, Australia, Brazil, Canada, China, and Ecuador.

The following graph represents the IMT Nagpur profile-wise placements at IMT Nagpur:

Source: IMT Nagpur Official Website

IMT Nagpur Placements 2022 Sector - Wise

The following graph represents the sector-wise placements for the batch 2022 at IMT Nagpur:

Dr. Ambedkar Institute of Management Studies and Research (DAIMSR), Nagpur

• The institute was established in 1987. At the time of its establishment, it was one of the only three institutions offering management studies in the city of Nagpur.
• The institute offers both BBA and MBA along with a Doctoral Program in Management.
• The total student intake at Dr. Ambedkar Institute of Management Studies and Research, Nagpur is around 1000, combining all the courses.
• The average placement offer ranges from INR 3-4 lakh per annum.

• The institute has successfully developed relationships with more than 150 corporate companies for placements, some of which include ITC, Airtel, TATA, and Axis Bank.

IIM Nagpur

• The Indian Institute of Management (IIM) situated in Nagpur was established in 2015 under the mentorship of IIM Ahmedabad.
• Currently, the institute does not have a campus of its own. It is located within the VNIT Nagpur campus.
• IIM Nagpur is a member of the Association to Advance Collegiate Schools of Business (AASCB).
• The institute offers just one academic program of a 2-year duration currently. This Post Graduate Programme in Management (PGP) includes three semesters along with field immersion and a summer internship after the first year.
• The institute also offers a semester exchange program during Term V. 4 eligible students are sent for the student exchange program to either Israel (Recanati Business School, Tel Aviv University) or Thailand (Asian Institute of Technology, Pathum Thani).
• To boost the recreational activities of students, IIM Nagpur has provided a mini-gym, a basketball court, and a volleyball court.
• Each student has to complete a Summer Internship Programme after the first year.

IIM Nagpur Placement Highlights

• The Placement process was conducted virtually with a record 100% Placement in 2022.
• The highest Salary has gone up to INR 31.54 LPA in Placement 2022 from INR 19.20 LPA last year.
• The average salary stood at INR 14.94 LPA in Placement 2022, an increase of 13.24% from last year which was INR 13.21 LPA.
• The Median Salary was recorded at 15.42 LPA, an increase of 18.61% in 2022 from INR 13 LPA last year.
• During the placement, there were 45 First Time Recruiters, an increase of 55% over the past year.
• A total of 204 students participated in Placement 2022.
• More than 60% of the batch was recruited by Consulting, IT, BFSI & FMCG/FMCD sectors.
• Top recruiters include Amazon, Cognizant, Deloitte, Bank of New York Mellon, ICICI Bank, ZS Associate, Microsoft, Salesforce, Accenture, IBM, TVS Motors, DHL, L&T,  Hexaware, TechMahindra among others.

Top MBA Colleges in Nagpur: Entrance Exam Wise

Admissions into the top MBA colleges in Nagpur are done mainly through entrance exams like CAT, MAH CET, XAT, CMAT, etc. Given below is a list of the exams and the colleges that accept their scores.

Top MBA Colleges in Nagpur Accepting CAT Score

CAT stands for Common Admission Test. It is an online exam conducted for admission to postgraduate management programs in a majority of top MBA colleges in India.

• The Indian Institutes of Management (IIMs) started this exam for selecting students for their management programs. The score of this exam, however, is accepted by other colleges too.
• The exam tests candidates on topics like Quantitative Ability (QA), Verbal Ability (VA) Reading Comprehension (RC), Data Interpretation (DI), and Logical Reasoning (LR).

• The paper consists of multiple-choice questions and also has a provision for negative marking.

Some of the top MBA colleges in Nagpur accepting CAT scores are:

• Indian Institute of Management, Nagpur
• Institute of Management Technology, Nagpur

• Dr. Ambedkar Institute of Management Studies and Research, Nagpur

Top MBA Colleges in Nagpur Accepting GMAT Score

GMAT stands for Graduate Management Admission Test. It is a computer-based test that tests analytical, quantitative, verbal, and reading skills required for admission into management colleges. GMAT score is valid for 5 years.

Some of the top MBA colleges in Nagpur accepting GMAT scores are:

• Institute of Management Technology, Nagpur
• Guru Nanak Institute of Technology (GNIT), Nagpur

• SB Jain Institute of Technology Management and Research (SBJITMR), Nagpur

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