LIST OF TOP MBA/PGDM COLLEGES IN NAGPUR BASED ON 2020 RANKING

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Pranjal Singhal

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The top MBA colleges in Nagpur include names like the Institue of Management Technology (IMT) Nagpur, IIM Nagpur and GH Raisoni College of Engineering. The city includes some of the best MBA colleges in Maharashtra which have also been ranked by top agencies like NIRF and India Today.

  • These colleges offer MBA education in 23 specializations like HR, Banking, Finance, Taxation, etc. There are 41 private and 8 public MBA colleges in Nagpur currently.
  • Admissions in these colleges are done through top national and state MBA entrance exams like CAT and MAH CET. 18 colleges in Nagpur accept the score of CAT while 14 accept CET. Read more about  top MBA colleges in Nagpur through CET.
  • The average cost of MBA in Nagpur is INR 1-3 lakh, with 20 colleges charging within the range of INR 1-2 lakh and 15 colleges charging more than INR 2 lakh for every year of management education.

Continue readng this article to find more about these colleges in Nagpur with their fee structure, placements and rankings in India. Also Check, Cutoff List for MBA Colleges in Nagpur.

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

NIRF or National Institutional Ranking Framework is the national ranking agency of India run by the Ministry of HRD, Government of India. The agency ranks universities on the basis of following parameters:

  • Teaching, Learning & Resources (TLR)
  • Research and Professional Practice (RP)
  • Graduation Outcome (GO)
  • Outreach and Inclusivity (OI)
  • Peer Perception

The colleges listed by the NIRF ranking 2020 are shown below.

College Name NIRF Ranking 2020 NIRF Ranking 2019 Change Average Annual Fees
IIM Nagpur 40 NP - INR 6,87,500
IMT Nagpur 60 70 +10 INR 7,00,000
  • IIM Nagpur and IMT Nagpur are the only MBA colleges from Nagpur which have been ranked among the top 75 colleges in India.
  • IIM Nagpur’s score is 47.83 , while IIM Ahmedabad scored 82.75.
  • IMT Nagpur has improved its rank by 10 positions this year.

This was all about the institue’s rank and the cost of education. 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 2019 survey, an increment of 6 positions when compared to the 2018 rank (59th).
  • The institute secured an overall score of 654.5 out of 1000.
  • The total of PGDM in this college is INR 14,00,000 for the 2020-22 batch.

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 list released in 2019 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.

College Name Average Annual Fee Average Placement Package ROI Rank*
Central Institute of Business Management Research and Development (CIBMRD) INR 1,13,000 INR 3,60,000 1
Dr. B.R. Ambedkar Institute of Management Studies and Research INR 1,03,000 INR 3,25,000 2
IIM Nagpur INR 6,88,000 INR 12,00,000 3
IMT Nagpur INR 8,20,000 INR 7,64,000 4

*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.

College Name Cutoff
IIM Nagpur CAT Cutoff
IMT Nagpur CMAT, CAT and XAT Cutoff
Shri Ramdeobaba College of Engineering and Management MAHCET Cutoff
CIBMRD Nagpur MAHCET Cutoff
GH Raisoni College of Engineering MAHCET Cutoff
GH Raisoni School of Business Management MAHCET Cutoff
GH Raisoni Institute of Management and Research MAHCET Cutoff
GS College of Commerce and Economics MAHCET Cutoff
Nagpur Institute of Technology MAHCET Cutoff
Tirpude Institute of Management Education (TIME) MAHCET Cutoff

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.

Number of MBA Colleges in Nagpur

Source: Official Survey

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

Exam Name No. of Colleges Accepting Score
CAT 18
MAHCET 14
CMAT 10
MAT 10
ATMA 8
XAT 8
GMAT 3

Institute of Management Technology (IMT), Nagpur

Institute of Management Technology or IMT Nagpur is the only private MBA college from Nagpur which 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 programme specializing in Finance, Marketing, HR&OB, Operations Management, Business Analytics & IT, and Economics.
  • The institute had a total student enrollment of 360 for its 2017-19 session.
  • 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 2019 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 chart compares the sector-wise placement at IMT Nagpur in 2019.

IMT Nagpur MBA Placements Sector Wise

Source: IMT Nagpur Official Website

Note: The 2020 MBA placement season of IMT Nagpur is on hold due to Covid 19, therefore we have not included that data. However, 85% of the institute’s students are already placed, witn their Highest Package being INR 16 LPA and the Average Package being INR 7.94 LPA.

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.
  • 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 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.

For its 2017-19 batch, IIM Nagpur saw more than 50 recruiters participating. The highest stipend reached INR 1,80,000 whereas the average stipend was INR 60,176. The following chart shows the distribution of functional areas for the summer internship.

IIM Nagpur Summer Internship Distribution Sector Wise

Source: IIM Nagpur Official Website

For the final placements, the highest offer was INR 19,00,000 and the average offer was INR 12,35,000. The following chart shows the functional areas for the placements at IIM Nagpur.

IIM Nagpur Final Placement Distribution Sector Wise

Source: IIM Nagpur Official Website

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) and 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 score 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 which 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 score are:

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

Also Check,

Top MBA Colleges in Nagpur: Placement Wise

2019 witnessed recruiters visiting the top MBA colleges in Nagpur from both India and abroad, for the final placements as well as the summer internship program.

  • The institutes witnessed over 50 recruiters for both the final placements and the summer internship placement.
  • The average annual package offered ranged between INR 5,00,000-6,00,000.

Check details of  Ramdeobaba College of MBA Nagpur Placement.

The chart below shows the CTCs offered by some of the top MBA colleges in Nagpur this year.

CTCs offered in Top MBA Colleges in Nagpur

Source: Official Institute Websites

Your MBA specialization matters a lot when it comes to placements. Click on the links below to check the top MBA colleges in Nagpur specialization wise.

Also Check,

Top MBA Colleges in Nagpur: FAQs

Ques. Which college is best for MBA in Nagpur?

Ans. The Institute of Management Technology (IMT), Nagpur and the Indian Institute of Management (IIM), Nagpur are some of the top MBA colleges in Nagpur to pursue a management degree.

Ques. How many MBA colleges are there in Nagpur?

Ans. Nagpur has a total of 49 colleges, comprising 41 private and 8 public.

Ques. Which MBA college gives the best salary?

Ans. IIM Nagpur and IMT Nagpur offer some of the best MBA packages in Nagpur. The average package at IIM Nagpur this year was INR 12.35 lakh with the highest package being INR 19 lakh.

Ques. What is the cost of doing an MBA in Nagpur?

Ans. The average cost of doing an MBA in Nagpur can range anywhere between INR 1-10 lakh.

Ques. What is the CAT cut-off for top MBA colleges in Nagpur?

Ans. The average CAT cut-off in Nagpur MBA colleges stays somewhere around 85%ile.

Ques. What is the CMAT cut-off for top MBA colleges in Nagpur?

Ans. The CMAT cut-off in most of the colleges stays around 80%ile. Some colleges might ask for a different cutoff as it varies every year.

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