WPU School of Business, MIT-World Peace University, Pune

Overview

MIT World Peace University (WPU School of Business), Pune, is a highly ranked MBA college located in Maharashtra. It has two Departments: Business and Hotel Management; the Department of Business offers BBA, MBA, and PhD in Management degree programs. Both BBA and MBA programs have 8+ specializations, ranging from general management to marketing, finance, and human resource management.

The School of Business at MIT WPU is known for its excellent placement record, including a highest CTC of INR 30 LPA (MBA) and INR 11.17 LPA (BBA). The median figures are equally impressive, with 80% of students in the graduating batch successfully placed with an average CTC of INR 7 LPA. The Placement Cell  of MIT WPU works with BBA and MBA students to ensure that they are well trained for the compulsory internship and final placement season, and maintains long term recruiting relationships with blue chip companies like Essar, Glenmark, Marriott International, and Capgemini.

MIT WPU has a concept called campus power, where students are actively encouraged to shape their own events and experiences during their management degrees. The 65 acre campus contains world class academic facilities, recreational venues, and sports grounds. Student clubs provide opportunities to follow interests in cultural, sports, and social welfare fields, and regular events and management festivals allow students of the Department of Business to test their skills against the best in India. Community engagement and social service initiatives give students a chance to give back to society. Student wellness is also a major theme of life at MIT WPU, with a comprehensive suite of support services including academic counseling, career guidance, mentorship, health initiatives, and student support centers.

Highlights

Fees

The total academic fee payable by management students of MIT WPU includes tuition fees, registration costs, alumni fees, examination costs, and development fees. BBA students of all specializations must pay a total academic fee of INR 2.85 Lakh. MBA students of all specializations must pay a total academic fee of INR 4.55 Lakh.

The hostel and mess fees must be paid in two installments every year. Students who stay in single occupancy rooms pay hostel fees of INR 2.5 LPA. Double occupancy rooms have an annual hostel fee of INR 2.15 LPA, and triple occupancy 1.85 LPA. Students must also budget for the cost of academic materials, textbooks, and shopping for personal items. Candidates who choose to stay at home and commute to the MIT WPU campus must additionally budget for transportation costs.

Admissions

The eligibility criteria for admission to WPU School of Business, are as follows:

• MBA:
  • The candidate must be in the final year of (or have already passed) an undergraduate degree of minimum three years’ duration from an Institution of Higher Education recognized by the University Grants Commission.
  • The aggregate over all the years of the Bachelor’s degree must exceed 60%. This is relaxed to 55% for reserved category candidates as defined by the Maharashtra State Government.
  • The applicant must have a valid non-zero score issued by any National Level MBA Entrance Test: CAT, XAT, NMAT, GMAT, PERA, CMAT, Maharashtra CET, or MAT.
• BBA:
  • The applicant must have completed 10+2 studies in any stream, with Standard X and XII certificates awarded by any recognized Board of Secondary Education in India or abroad.
  • The minimum marks at the Standard XII level is 50% for General Category candidates, and 45% for reserved category candidates.
  • Candidates may apply before their Board Examination results are declared. However, their final joining will be subject to submitting the final pass certificate.
  • Students who have completed a three year diploma after Standard X may also apply, provided that their diploma academic aggregate exceeds 60%.

The steps in the admission and application process are:

• Submitting an online or offline application via the MIT WPU website or by obtaining a form from the admission office, along with a written Statement of Purpose.
• Attaching soft copies of academic transcripts, identity documents, and caste certificates, if applicable.
• Shortlisted candidates will be invited for the final three rounds of selection, including a Group Discussion, Personal Interview, and Extempore presentation session.
• The final merit list is based on the following criteria: MBA Entrance Exam Performance, Group Discussion score, Extempore performance, Personal Interview, Undergraduate Academic Record, Statement of Purpose, and Work Experience (not compulsory).

Placements

As one of the top MBA colleges in India, the placement highlights of WPU School of Business are as follows: 

• The highest CTC offered varies by course, and is much above the average for an Indian Business School. The highest BBA package was INR 11.17 LPA, and the highest package for an MBA (Marketing) student was INR 30 LPA.
• The median placement ratio is 80%, and the average CTC is INR 7 LPA.
• Prominent recruiters include Marriott International, Glenmark, Essar, Capgemini, Blue Star, Tech Mahindra, Sandvik, ICSI, Bharat Forge Limited, Avaya, Zuventus, and Cybage.
• All courses feature live projects, and students must complete a mandatory summer internship before graduating; this ensures industry readiness and strong placement interview performance.
• The MIT WPU Placement Cell supports BBA and MBA students of the School of Business with training resources, including written tests, personal interview, pre-placement interactions, aptitude tests, and group discussions.
• It also organizes campus interviews by maintaining strong relations with established companies and quickly growing startups from all sectors corresponding to the BBA and MBA specializations offered.
• It educates students on the expectations from the corporate world by organizing industry interaction events like seminars, workshops, and talks by distinguished alumni.

Cut-Offs

Applicants to the BBA program at WPU School of Business, Pune, must have a Standard XII aggregate of at least 50%; this is relaxed to 45% for reserved category candidates. Diploma holders must have an aggregate of 60%. BBA aspirants must have an undergraduate aggregate above 60%. There is no cut-off prescribed in the qualifying Management Aptitude Entrance Examination, as long as the candidate receives a valid rank and non-zero score. However, a lower percentile reduces the probability that the candidate will be shortlisted. 

Faculty & Alumni

WPU School of Business is home to 76 full time Faculty members. Of these, 6 are full Professors, 14 are Associate Professors, and 56 are Assistant Professors. Almost 60% (45 out of 76) of Faculty members have PhD degrees, and the others have experience in both industry and academia. Together, their fields of expertise cover all the specializations offered to BBA and MBA students, from Finance to Marketing, and Human Resource Management to Business Analytics. They also work with distinguished alumni and visiting Faculty members to ensure that there is a strong practical component to the WPU School of Business curriculum.

Alumni of the Department of Business are part of the global community of MIT WPU graduates. With more than four decades of history, alumni of the University are currently in senior management positions across the world. The annual Alumni Retreat of MIT WPU, titled Nostalgia, takes place over a three day weekend in December, and is an opportunity for alumni of all years to come together and interact with the current students, while setting up professional networking opportunities. All BBA and MBA students are automatically enrolled in the Alumni Association after paying the registration fees of INR 2,000 in their first semester. There are also several overseas chapters, including 5 in Europe and over 20 in prominent cities of North America. There are also special interest groups within the Alumni Association for startup enthusiasts, women leaders, branding, real estate, media, and good governance.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of WPU School of Business. There are four main scholarships offered by the University:

1. Dr. Vishwanath Karad Scholarship: This is intended for exceptional academic performers, and is awarded based on the performance in the qualifying examination. No more than 5% of the incoming batch can be offered this scholarship, and it entails a 100% tuition fee waiver.

2. MIT WPU Merit Scholarship I: This is also based on academic performance in the qualifying examination, but with more relaxed criteria. It awards a 50% tuition fee waiver, and up to 10% of the incoming class may be given this scholarship.

3. MIT WPU Merit Scholarship II: Similar to Merit Scholarship I, this scheme awards a 25% tuition fee waiver, up to a maximum limit of 12% of the intake in any particular academic year.

4. Scholarships for Elite Sportspeople: Students who have achieved medals or participated in West Zone, National, or International sports competitions are eligible for scholarships. The amount varies from a 100% tuition fee waiver (for gold medal winners in international sports meets) to 20% scholarships (for Bronze medal winners in West Zone competitions).

There are three dimensions of criteria for continued award of these scholarships after the first year. The student must maintain a minimum CGPA of 8 with no backlogs. He/she must have a minimum attendance of 80% throughout the degree even after allowing for illnesses and sports commitments. Finally, the student must have a spotless disciplinary record according to the Code of Conduct of MIT WPU. Students are also free to apply to external public and private sector organizations for education loans, scholarships, and freeships.

Preparation & FAQs

The main portion of the preparation for admission to the MBA program at the School of Business, MIT WPU Pune, is focused on the entrance test. Whether the student chooses to appear for the CAT, CMAT, XAT, MAT or NMAT, he/she must prepare for the quantitative, logical reasoning, and verbal sections through a combination of theory classes and mock tests. Students are advised to attempt sample papers to familiarize themselves with the format and difficulty level of their chosen examination.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Pune?

WPU School of Business is one of the best MBA colleges in India, and is a contender for best Business School in Pune. It is ranked #65 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which specializations are available to MBA students of MIT World Peace University (WPU School of Business), Pune?

MBA students of WPU School of Business may choose from among 9 specializations, including General Management, International Business, Marketing Management, Finance, Human Resource Management, Operations & Supply Chain Management, Banking & Financial Services, Digital Marketing, Business Analytics, and Agri-Business Management.

Q. Which specializations are available to BBA students of MIT World Peace University (WPU School of Business), Pune?

BBA students of WPU School of Business may choose from among 8 specializations, including General Management, Digital Marketing, Global Marketing & Event Management, International Business, Banking, Finance & Insurance, Business Analytics, Global E-Business, and Human Resource Management.

Q. What is the benefit of the MBA Dual program offered by MIT WPU School of Business?

Students enrolled in the MBA Dual program are allowed to choose a Domain Specialization in addition to the main degree specialization. Seven domain specializations are available: corporate social responsibility, digital marketing, international business management, innovation management, healthcare management, business analytics, and agri-business management.