You should definitely go ahead with MITCON without giving it too much thought. Placements at MITCON are quite great, with decent salary packages.
It offers a PGDM course, so the syllabus is not outdated and nor restricted. There are quite a few guest lectures organized by extremely qualified professionals that will surely help you in some way or the other.
As far as PUMBA is concerned, it is definitely a brand in itself for a regular MBA but you will have to ask a student that goes there. However, the Pharma and Agriculture PGDM courses at MITCON are much better. You will have good Pharma placements at MITCON. PUMBA on the other hand offers decent placement across various domains.
So, choose according to your convenience.
For MBA ++, if you are from Maharashtra, then you need to attempt and clear the MH-CET exam. For outside Maharashtra students, CAT/MAT/ATMA/XAT/MH-CET scores are accepted.
In order to pursue Pharma MBA, you need to complete your graduation from either of the courses Biology, Chemistry, Biochemistry, Biotechnology, Botany, Environmental Sciences, Physics, Zoology, Agriculture, Ayurveda, Medicine, Technology Engineering, etc.
You need to pursue any of these courses from any university that is recognized by the Association of Indian Universities (AIU). In addition to this, you also need to attempt and clear ATMA.
According to PUMBA cutoff trends, students from outside of Maharashtra need a CAT percentile of around 99+. The required cutoff varies each year depending on the competition and other factors. Try to score north of 99 percentile in CAT, to be safe. PUMBA accepts MAHCET scores too, you can attempt that as well.
I have friends at both institutes. In fact, they were a big help in regards to answering this question. Here is some of the information I got from them.
NL Dalmia is generally well known for its MMS Finance branch. Among NL Dalmia and PUMBA, the former should be better for an MMS. Here’s why.
Here are the latest placement highlights of both institutes. Take a look.
Institute |
N.L Dalmia (Mumbai) |
PUMBA (Pune) |
Average CTC |
INR. 9 LPA |
INR. 6.43 LPA |
Highest CTC |
INR. 24 LPA |
INR. 16.5 LPA |
Top Recruiting Companies |
BCCL, Citi, Crisil, Deloitte, Bank of America, Asian Paints |
Aspect Ratio, AutoNinja, Bajaj Allianz, Bajaj Finserv, A1 Fence |
Put simply, N.L Dalmia is basically well known for its program of MBA Finance, while PUMBA is typically well reputed for various IT companies visiting the campus for placement offers. So, choose wisely.
It depends on your perspective. You will get the best ROI in PUMBA but, here I would like to throw some light on certain other factors that you need to know.
Average CTC |
6.43 LPA |
Highest CTC |
16 LPA |
Major recruiters |
HDFC Bank, CitiBank, TCS |
The infrastructure on PUMBA is amazing. You will surely love its scenic beauty.
It is subjective and depends what you are looking for but PUMBA is a better college than MIT in terms of placements and return on investment.
Below is a table comparing them on the basis of their Fees, highest and average package as of 2023.
College |
Fees |
Highest Package |
Average Package |
PUMBA |
INR 1.3 Lakhs |
INR 18 LPA |
INR 8.10 LPA |
MIT Pune |
INR 7 Lakhs |
INR 13.88 LPA |
INR 4.88 LPA |
Based on the above statistics, PUMBA can be considered a better option as it is offering good ROI than MIT Pune.
PUMBA is a good Institute. The following are some of the arguments that might be made in support of PUMBA:
Following are some arguments that are made against PUMBA:
One of my friends was an MBA alumnus at PUMBA and according to him, these are the eligibility criteria -
MBA - A minimum of 50% or equivalent CGPA (45% for backward class) in any bachelor degree awarded by any university.
MBA (Executive) -
However, the profile & career objectives of the candidate will be given due weightage in the admission process.
Course |
Cut off by rank |
MBA |
95% (CMAT) |
MBA in Pharma-Biotechnology |
95% (ATMA) |
A minimum of 75% attendance in all academic sessions is a mandatory condition for grant of the term to a student at PUMBA. So, ensure that this condition is fulfilled along with their day-to-day responsibilities.
Due to its government institute status and government support, PUMBA has lower tuition than other B-schools. This lowers tuition fee, making it an affordable MBA program.
PUMBA students can pay fees in installments and get a strong return on investment (ROI). The laid-back atmosphere lets students pursue interests and extracurriculars. The typical crowd and learning experience are negatives. PUMBA is better for freshers than experienced professionals and lacks a Training and Placement Office (TPO), which may impair placement quality.
It is essential to be aware that the overall placement scenario at PUMBA, including all specializations, could be better. However, if you have a good conceptual understanding and average communication skills, you can expect a decent job with a salary range of 4 to 7 lakhs per annum.
In terms of placements specifically for operations management, you may face some challenges as most companies visiting the campus are focused on marketing and finance, and mainly on sales profiles. However, there are a few companies, such as TCS, TCS BPS, Infosys BPO, Premium Transmission, Orient Cement, and Ador Welding, that do recruit students from operations. The packages offered for these roles typically range from 4 to 6.5 lakhs per annum, depending on your previous work experience.
Additionally, the batch size for Operations Management is relatively small, which can sometimes make it more challenging to attract companies to the campus. However, if you have a genuine interest in learning Operations Management and are prepared to face some challenges, then PUMBA can still be a good option for you.