The Institute of Management Technology (IMT) Nagpur, IIM Nagpur, and GH Raisoni College of Engineering is among the top MBA colleges in Nagpur. The city is home to some of the best MBA colleges in Maharashtra, as ranked by top agencies such as NIRF and India Today.

These colleges provide MBA education in 23 specializations such as human resources, banking, finance, and taxation. Nagpur currently has 43 private and 10 public MBA colleges.
Admission to these colleges is determined by top national and state MBA entrance exams such as the CAT and MAH CET. In Nagpur, 20 colleges accept CAT scores, while 17 accept CET scores.
An MBA in Nagpur costs INR 1-3 lakh on average, with 19 colleges charging INR 1-2 lakh and 17 colleges charging more than INR 2 lakh for each year of management education.

Continue reading to learn more about these Nagpur colleges, including their fee structure, placements, and rankings in India. Check out the Cutoff List for MBA Colleges in Nagpur as well.

Rankings of the Best MBA Colleges in Nagpur

Many ranking agencies publish annual rankings of India’s top colleges. These colleges and universities are ranked based on various parameters such as University Perception, Faculty Quality, Student-Teacher Ratio, Outreach and Inclusivity, Placements, and so on.

Top-ranking agencies include NIRF, Outlook, India Today, Economic Times, Business Today, and others. These organizations publish lists such as Top MBA Colleges in India for various categories such as private, government, ROI, and so on. The rankings for the top MBA colleges in Nagpur by various ranking agencies are listed below.

Best MBA Colleges in Nagpur: NIRF Ranking 2022

The National Institutional Ranking Framework (NIRF) is a methodology used by the Indian government to rank the top educational institutions in India. NIRF ranks institute based on five different criteria. It is overseen by the Ministry of Education. Every year, NIRF publishes a list of the top institutions in India in eight different domains. NIRF is India’s most trusted and well-known ranking agency.

The colleges listed by the NIRF ranking 2022 are shown below.

The only MBA colleges in Nagpur that have been ranked among the top 100 in India are IIM Nagpur and IMT Nagpur.

IMT Nagpur’s ranking has risen since the previous year. In the NIRF ranking 2022, the institute is ranked 95th.

NIRF Ranking 2022	College Name	NIRF Score
43	Indian Institute of Management, Nagpur	52.84
95	IMT Nagpur – Institute of Management Technology	42.61

India Today Ranking of the Top MBA Colleges in Nagpur

Living Media India Limited publishes India Today, a weekly English-language news magazine in India. Every year, India Today publishes a list of the top colleges in the country.

Only IMT Nagpur was ranked among the top management colleges in India by India Today.
The institute was ranked 53rd in the 2021 survey, an increase of 6 positions from its 2018 ranking (59th).
The institute received a score of 654.5 out of 1000.
For the 2020-22 batch, the total cost of PGDM at this college is INR 14,00,000.

Jagran Josh Ranking of the Best MBA Colleges in Nagpur

Every year, Jagran Josh publishes a list of the top management and engineering colleges in India.

The agency did not include any MBA colleges from Nagpur among the top 50 institutes in its most recent ranking list for top management colleges in India, which was released in 2020.
IMT Nagpur was the only institute ranked 19th in 2018.

Nagpur is home to prestigious institutes such as IIM Nagpur and the Dr. B.R. Ambedkar Institute of Management Studies and Research, but none of them has been ranked among the top MBA colleges in India.

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

Return on Investment, or simply ROI, is one of the most important factors to consider when selecting a college. Return on Investment provides information about a college’s profitability. It is the calculation of the amount of return on investment (in terms of placement) that we receive (in terms of fees). The following is a list of the best MBA colleges in Nagpur in terms of ROI.

Name of the College	Average Annual Fee (INR)	Average Placement Package (INR)
Indian Institute of Management	10,00,000- 23,00,000	26.13 LPA
Institute of Management Technology	12,04,000	7.94 LPA
JD College of Engineering and Management	1,60,000	–
Shri Ramdeobaba College of Engineering and Management	2,60,000- 2,95,000	2.3 to 7.5 LPA
SIBM Pune – Symbiosis Institute of Business Management	14,42,000 – 19,22,000	19.56 LPA
Rashtrasant Tukadoji Maharaj Nagpur University	11,62,000 – 2,40,000	3 LPA
Department of Business Management – Nagpur University	47,42,000	5.5 LPA

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

In terms of ROI, CIBMRD Nagpur is the best MBA institute in Nagpur. It offers a package worth up to INR 6,00,000 but charges a lower fee of INR 1,03,385 when compared to other colleges in Nagpur.

List of Private MBA Colleges in Nagpur

The best private MBA colleges in Nagpur are listed below, along with their fee structure.

College Name	Average Fee (INR)
IMT Nagpur – Institute of Management Technology	14,00,000
JD College of Engineering and Management	1,60,000
Shri Ramdeobaba College of Engineering and Management	2,16,000
SIBM Pune – Symbiosis Institute of Business Management	13,20,000
G H Raisoni Institute of Management and Research, Nagpur	1,68,000

List of Public MBA Colleges in Nagpur

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

College Name	Average Fees (INR)
IIM Nagpur – Indian Institute of Management	9,50,000
Rashtrasant Tukadoji Maharaj Nagpur University	47,710
Department of Business Management – Nagpur University	–
A.B.M. College, Nagpur	–
Dhananjayrao Gadgil Sahkari Prabandh Sansthan	–

Top MBA Colleges in Nagpur Based on Entrance Exam

Admission to the best MBA colleges in Nagpur is primarily done through entrance exams such as the CAT, MAH CET, XAT, CMAT, and others. The exams and colleges that accept their scores are listed below.

Top MBA Colleges in Nagpur That Accept the CAT

The acronym CAT stands for Common Admission Test. It is an online exam for admission to postgraduate management programs at the majority of India’s top MBA colleges.

This exam was created by the Indian Institutes of Management (IIMs) to select students for their management programs. However, the results of this exam are accepted by other colleges as well.
Candidates are tested on Quantitative Ability (QA), Verbal Ability (VA), and Reading Comprehension (RC), as well as Data Interpretation (DI) and Logical Reasoning (LR).
The exam consists of multiple-choice questions and includes negative markings.

The following are some of the best MBA colleges in Nagpur that accept CAT scores:

Indian Institute of Management, Nagpur
Institute of Management Technology, Nagpur
Dr. Ambedkar Institute of Management Studies and Research, Nagpur

Top MBA Colleges in Nagpur That Accept the GMAT

GMAT is an abbreviation for Graduate Management Admission Test. It is a computer-based examination that assesses analytical, quantitative, verbal, and reading abilities required for admission to management schools. The GMAT score is valid for five years.

The following are some of the top MBA colleges in Nagpur that accept GMAT scores:

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

Top MBA Colleges in Nagpur Based on Placement

Recruiters from both India and abroad visited the top MBA colleges in Nagpur in 2021 for 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 from INR 5,00,000-6,00,000.

MBA Colleges in Nagpur

IIM Nagpur – Indian Institute of Management

Nagpur MHRD, Public (Autonomous)

Nagpur AICTE, NAAC-A, Nagpur, RTMNU, Private (Autonomous)

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