10 Best MBA Colleges in Nagpur

For many graduates, a reputed college MBA degree is often the ticket to getting a lucrative job at an MNC. Maharashtra's largest city, Nagpur, has many educational institutions. A total of 61 MBA colleges offer MBA programs in Nagpur. Out of these, 81 per cent are privately owned, 13 per cent are public/government-owned, and 6 per cent are public-private partnerships.

Apart from IIM Nagpur, Nagpur University has many colleges that offer merit-based MBA admissions. Most of these colleges accept the CAT/AT/XAT/GMAT scores. To finalise the college for an MBA course, students consider ranking, average placements, and the admission process.

Keep reading to learn about the top MBA colleges in Nagpur, their eligibility and admission, fees, ranking, placement percentage etc.

[Also Read: Best MBA Colleges in India]

Top 10 MBA Colleges in Nagpur

The following is the list of MBA colleges in Nagpur.

1. IIM Nagpur

• In this list, IIM Nagpur ranks first among the best MBA colleges in India.
• In its fourteen years of existence, it has produced accomplished professionals who can provide valuable career advice to aspiring students and assist businesses with their growth and expansion.
• IIM Nagpur offers two master's programs - one that the Government of India fully funds and one partially financed by the FOM.

Eligibility: Graduation with 50%

Admission: Requires CAT score

Fees: ₹18 Lakhs

Hostel Facilities: ₹20,000 per semester

Placement Rate: 100%, average salary ₹16.85 LPA

2. Institute of Management Technology

• Nagpur's Institute of Management Technology is a world-class management institute in Nagpur and throughout India.
• As the gold standard for top-of-the-line management courses, this institute offers a multifaceted education system and robust infrastructure.
• This institute provides both regular full-time courses and executive courses.

Eligibility: Graduation with 50%

Admission: Requires CAT/XAT/GMAT score

Fees: ₹14.5 Lakhs

Hostel Facilities: ₹15,200 per semester

Placement Rate: More than 95%, average salary ₹13.25 LPA

3. G.S. College of Commerce and Economics

• Nagpur’s G.S College of Commerce and Economics is on the list of best MBA colleges in Nagpur.
• Rashtrasant Tukadoji Maharaj founded and operates this institute, which offers a wide range of degrees, including MBAs and integrated courses across management streams.
• Students take up high-level responsibilities as part of the courses designed to help them explore various career options.
• Also, this is one of the MBA colleges in Nagpur with low fees, offering the highest placement assistance.

Eligibility: Graduation with 50%

Admission: Merit-based

Fees: ₹1.8 Lakhs

Hostel Facilities: Yes

Placement Rate: 100%, average salary ₹6.25 LPA

4. Priyadarshini Lokmanya Tilak Institute of Management Studies & Research

• Nagpur’s Priyadarshini Lokmanya Tilak Institute of Management Studies & Research was established to provide technical education with a social impact.
• This is one of the MBA colleges in Nagpur with low fees, offering specialisations in finance, HR, marketing, management, analytics intelligence and accounting.
• A beautiful landscape surrounds the campus, equipped with all the modern amenities needed for academic pursuits and recreational activities.

Eligibility: Graduation with 50%

Admission: Merit-based

Fees: ₹1.6 Lakhs

Hostel Facilities: Yes

Placement Rate: More than 70%, average package ₹6.5 LPA

5. Dr Panjabrao Deshmukh Institute of Management Technology and Research

• The Panjabrao Deshmukh Institute of Management Technology teaches MBA courses in classrooms equipped with the latest technology.
• Those looking for a comfortable stay on the sprawling campus can stay in the institute's hostels.
• It has quickly gained the reputation as one of the best MBA colleges in Nagpur due to its tenacity and growing intake of 60 students each year.

Eligibility: Graduation with 50%

Admission: Requires MAH CET score

Fees: ₹2.1 Lakhs

Hostel Facilities: ₹60,000 per year

Placement Rate: 70% to 80%, average salary offered ₹4 to 5 LPA

6. Real Institute of Management and Research

• Among the top MBA colleges in Nagpur is the Real Institute of Management and Research.
• Technology and management specialisations are available in their MBA programs.
• Pune and Mumbai are nearby, making it ideal for students interested in studying at international campuses.
• Through the International Exchange Programme, RIMR offers MBAs to students worldwide.
• Students benefit from faculty that stays up-to-date with industry trends.

Eligibility: Graduation with 50%

Admission: Requires MAH MBA CET score

Fees: ₹1.9 Lakhs

Hostel Facilities: No

Placement Rate: More than 85%, average package ₹3.6 LPA

7. GH Raisoni College of Engineering

• It is among the top MBA colleges in Nagpur and offers a variety of management programs, such as an MBA and a BBA.
• GH Raisoni College of Engineering is dedicated to confidently building students' ability to face challenges.
• Their alums work or have worked at companies where they have established links to enhance their career prospects.
• These networks provide excellent placement opportunities for students.

Eligibility: Graduation with 50%

Admission: Merit-based

Fees: ₹2.7 Lakhs

Hostel Facilities: ₹90,000 per year

Placement Rate: More than 70%, average salary ₹4-5 LPA

8. Symbiosis Institute of Business management

• Known for its experiential-learning model, SIBM facilitates an individual's holistic development.
• Additionally, this institution equips professionals with analytical and problem-solving skills and industry requirements.
• This institution offers a variety of management courses, including Finance, Operations, HR, Marketing, and Strategic.

Eligibility: Graduation with 50%

Admission: Requires SNAP score

Fees: ₹10.4 to ₹15.2 Lakhs

Hostel Facilities: ₹1.07 lakh  per year

Placement Rate: 100%, average salary ₹23.06 LPA

9. G H Raisoni Institute of Engineering & Technology

• According to India Today, GHRIET is one of the best management institutes in Nagpur and has high standards of teaching.
• There are all modern facilities on campus to help students excel academically.
• A world-class library is also available to students, including books that are difficult to obtain.

Eligibility: Graduation with 50%

Admission: Merit-based

Fees: ₹2.23 Lakhs

Hostel Facilities: ₹65,000 per year

Placement Rate: More than 70%, average salary ₹3.6 LPA

10. Tirpude Institute of Management Education

• TIME stands for Tirpude Institute of Management Education and is in Kamptee, Nagpur.
• Founded in 2012, it is one of the newest MBA schools.
• The TIME curriculum focuses on entrepreneurship, especially since Nagpur is a centre of entrepreneurship.
• Among the best MBA colleges, this school emphasises emerging enterprises and theoretical knowledge.

Eligibility: Graduation with 50%

Admission: Requires MAH MBA CET, MAT, XAT, CAT, and CMAT score

Fees: ₹2.31 Lakhs

Hostel Facilities: Yes

Placement Rate: More than 75%, average salary ₹4-5 LPA

Conclusion

Now, you know the list of MBA colleges in Nagpur. So, to select a college that meets your needs, first determine which parameters are most important to you. There is an easy way of choosing the best college for an MBA. You only have to ensure that the college you choose offers Sunstone's benefits.

• Sunstone provides 100% placement assistance after course completion.
• You can choose a unique payment plan and enjoy a flexible payment option.
• Get ready for the future with sunstone’s 100+ hours of training modules.

FAQ - MBA Colleges in Nagpur

Which MBA college has the best placement in Nagpur?

The following MBA colleges have the best placement in Nagpur.

• IIM Nagpur
• G.S. College of Commerce and Economics
• Symbiosis Institute of Business management

What are the top 10 colleges for MBA in Nagpur?

Given below are the top 10 MBA colleges in Nagpur.

• IIM
• IMT
• Department of management studies
• Symbiosis institute of management
• Datta meghe institute of management
• Dr Ambedkar institute of management
• Tirpude Institute of Management Education
• G H Raisoni Institute of Engineering & Technology
• Real Institute of Management and Research
• Dr Panjabrao Deshmukh Institute of Management

Can I do an MBA at a low cost in Nagpur?

Yes. You can. Pursuing MBA courses in Nagpur is affordable since 57 per cent of the MBA colleges have a total course fee of ₹ 1-2 lakh.