The best MBA colleges in Indore include IIM Indore and PIMR, Institute of Business Management & Research, etc. Indore, the Education hub in Madhya Pradesh is home to 87 premier and prestigious MBA colleges in India. There are 79 private and 7 MBA government colleges in Indore. The best MBA colleges in Indore are approved by AICTE and offer courses with various MBA specializations including Finance, Marketing, HRM, IT, etc.
Indore also got the title of the "cleanest city in India" and the "Mini Mumbai of MP" is home to more than 87 best MBA colleges in India. Tabulated below are the Top 10 MBA colleges in Indore with MBA/PGDM seat intake.
The colleges and universities are judged and ranked on parameters like the Perception of the university, Faculty Quality, Student-Teacher Ratio, Placements, etc. Rankings of Top MBA Colleges in India are released every year by various ranking agencies like NIRF, Outlook, India Today, etc.
National Institutional Ranking Framework is a government-adopted Ranking method that ranks the best educational institutions. NIRF ranks the institutions based on 5 major parameters which carry different weightage to get a ranking. The weightage of various parameters that are used to rank an Institute among the top MBA colleges in India in the NIRF Ranking List is tabulated below for individual parameters.
Check out the table below which enlists the top MBA colleges in Indore according to the latest NIRF Ranking 2023 with their NIRF score:
NIRF Ranking 2023 | College/ University Name | NIRF Score |
---|---|---|
8 | Indian Institute of Management Indore | 71.95 |
112 | Jaipuria Institute Of Management Indore | - |
Check IIM Indore Selection Criteria
The Times is one of the most widely read newspapers/magazines in India. Every year, The Times conducts a survey and publishes a list of top educational institutions in India for various domains. The ranking is based on various parameters such as quality of education, facilities, infrastructure, faculty, and placements. Below is the list of top MBA colleges in Indore, per Times rankings for the year 2023.
Times Ranking 2023 | College Name |
---|---|
65 | Govindram Seksaria Institute of Management and Research |
89 | IPS Academy |
Below are some of the best MBA colleges in Indore along with their fee structure.
College/ University Name | Average Fees (INR) |
---|---|
Indian Institute of Management - [IIM], Indore | 21,14,000 |
Prestige Institute of Management and Research - [PIMR], Indore | 2,37,500 |
Jaipuria Institute of Management, Indore | 10,25,000 |
Institute of Business Management & Research - [IBMR], Indore | 2,30,000 |
Radiant Institute of Management & Science (RIMS), Indore | 1,47,200 |
Renaissance University - [RU], Indore | 1,56,000 |
CH Institute of Management & Commerce - [CHIMC], Indore | 1,16,000 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | 7,27,000 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | 81,750 |
International Institute of Professional Studies - [IIPS], Indore | 1,58,664 |
There are several MBA colleges in Indore that offer MBA courses at a more affordable price compared to other top MBA colleges in India. Below is a list of the best MBA colleges in Indore with low fees:
College/ University Name | Average Fees (INR) |
---|---|
Dr. B. R. Ambedkar University of Social Sciences, Indore | 60,980 |
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore | 81,750 |
Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore | 83,202 |
Sri Aurobindo Institute of Technology - [SAIT], Indore | 99,000 |
Indore Management Institute and Research Centre - [IMI], Indore | 1,00,000 |
Lakshmi Narain College of Technology & Science - [LNCTS], Indore | 74,000 |
Vindhya Institute Of Management & Research, Indore | 74,000 |
Sushila Devi Bansal College, Indore | 60,000 |
Vindhya Institute of Technology & Science - [VITS], Indore | 74,000 |
Patel Group of Institution - [PGOI], Indore | 70,000 |
The best MBA government colleges in Indore offer high placement opportunities and ROI (Return on Investment). Some of the best Government MBA colleges in Indore are tabulated below with average annual fees:
College/ University Name | Average Fees (INR) |
---|---|
Indian Institute of Management - [IIM], Indore | 21,14,000 |
International Institute of Professional Studies - [IIPS], Indore | 1,58,664 |
Devi Ahilya Vishwavidyalaya, Indore | 1,18,500 |
Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore | 2,29,930 |
Dr. B. R. Ambedkar University of Social Sciences, Indore | 60,980 |
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore | 81,750 |
Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore | 83,202 |
Sri Aurobindo Institute of Technology - [SAIT], Indore | 99,000 |
Tabulated below is the list of top Private MBA colleges in Indore along with their fee structure.
College Name | Average Fee (INR) |
---|---|
NMIMS University, Indore | 13.82 lakhs–14.54 lakhs |
Jaipuria Institute of Management, Indore | 7.75 lakhs |
Prestige Institute of Management and Research | 2.38 lakhs |
Symbiosis University of Applied Sciences | 11.3 lakhs |
Medi-Caps University | 1.75 lakhs |
When choosing a college, it's important to consider the Return on Investment (ROI), which measures the profitability of the institution based on placements and fees. To help with this decision, here is a list of the top MBA colleges in Indore ranked according to their ROI.
College Name | Total Course Fee | Annual Median Package |
---|---|---|
IIM Indore | INR 17 lakh – INR 35 lakh | INR 22 LPA - INR 27 LPA |
Devi Ahilya Vishwavidyalaya (DAVV) | INR 31,000 - INR 2 lakh | INR 5 LPA - INR 7 LPA |
Devi Ahilya Vishwavidyalaya, Takshasila Campus | INR 99,000 - INR 1 lakh | INR 5 LPA |
Prestige Institute of Management and Research | INR 2 lakh | INR 5 LPA |
SAGE University | INR 1 lakh – INR 4 lakh | INR 3 LPA |
Acropolis Institute of Technology and Research | INR 1 lakh | INR 4 LPA |
*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%
The table below provides you with some links giving information about the cutoff scores of top MBA colleges in Indore.
College Name | Exam | Cutoff |
---|---|---|
Jaipuria Institute of Management, Indore | XAT | 60 |
ATMA | 65 | |
CAT | 50 | |
Indian Institute of Management (IIM), Indore | CAT | 97 |
MBA colleges in Indore offer admissions on merit as well as entrance basis. There are around 94 MBA colleges in Indore, of which 83 are private and 7 are Government colleges. Most of the MBA colleges in Indore offer MBA admission based on the scores of MBA Entrance exams conducted at the National, State, or University level. Students are selected based on their scores obtained in any entrance exam like CMAT, CAT, MAT, XAT, etc. followed by a GD/ PI round.
IIM Indore EPGP admission 2024 is open and the last date to apply for Phase 1 is November 30, 2023. IIM Indore GMPE Admission 2024 has begun and the last date to apply is December 15, 2023. IIM Indore PGP admission 2024 will start soon. CAT 2023 Admit Card will be released on November 7, 2023, and the exam is scheduled for November 26, 2023. Check IIM Indore Courses & Fees
IIM Indore placements 2023 is concluded. IIM Indore highest package increased by 132.6% to INR 1.14 CPA whereas IIM Indore average package increased by 20.8% to INR 30.21 LPA. 160 recruiters participated in the placement drive. IIM Indore EPGP average package stood at INR 27.8 LPA while IIM Indore PGPHRM average package stood at INR 22.6 LPA. IIM Indore Summer Internship Placements 2024 is also concluded. The highest stipend stood at INR 6 Lakhs & the average stipend stood at INR 2.74 Lakhs.
The 2023 placement report of PGP and IPM programs is as follows:
Institute of Management Studies (IMS) was established in 1969 with the support of the University of Indore. The university is considered to be the best MBA College in Indore in terms of Return on Investment.
The recruiters that visit the campus include Oracle, Godrej, HSBC, ICICI Bank, Reliance, Nestle, etc.
The Prestige Institute of Management and Research was founded in 1994 and has been rated ‘A’ by National Assessment and Accreditation Council (NAAC).
PIMR offers UG and PG courses in the fields of Law, Commerce, Engineering, Business Administration, Journalism, etc. Admission to these courses is done based on entrance test scores as well as candidates’ performance in the previous qualifying examination. PIMR’s MBA program has been recognized by the National Board of Accreditation under AICTE. The candidate has to register at the DTE Madhya Pradesh counseling procedure for its admission.
The best MBA colleges in Noida are shortlisted based on scores secured in MBA entrance exams like CMAT, CAT, MAT, XAT, and MP Counseling. Shortlisted candidates are called for Personal Interviews and Group Discussions. The infographic below shows the number of MBA colleges in Indore accepting different MBA entrance exams:
Learn More:
The Common Admission Test (CAT) is one of the most common MBA entrance exams and is conducted every year by IIMs throughout the country. The CAT 2023 exam is scheduled for November 26, 2023. The CAT application form and edit window are now closed. IIM Lucknow will release CAT admit card 2023 on October 25, 2023 (5 PM onwards). To download the hall ticket, you need to visit the official website, iimcat.ac.in 2023, and log in using your CAT user ID and password. Check how to download CAT 2023 admit card
Some of the top MBA Colleges in Indore through CAT are mentioned below.
The Common Management Admission Test (CMAT) conducted by the NTA is a national-level exam for entrance to management programs. CMAT 2024 is to be conducted in 2 shifts in the first week of May 2024. CMAT 2024 registration is to begin in the second week of February 2024. The application window opens for a month on the official NTA CMAT website- cmat.nta.nic.in. Check CMAT Exam Registration Process and Fees
Some of the top MBA Colleges in Indore through CMAT are discussed below.
Most of the best MBA colleges in Indore offer MBA admissions based on the MBA entrance exam scores. However, some MBA colleges in Indore offer direct MBA admissions without entrance exams. Check out some of the top MBA colleges in Indore without Entrance Exams:
College/ University Name | Average Annual Fees |
---|---|
Prestige Institute of Management and Research - [PIMR], Indore | INR 1,19,500 |
Institute of Business Management & Research - [IBMR], Indore | INR 1,15,000 |
Prestige Institute of Engineering Management and Research - [PIEMR], Indore | INR 1,57,000 |
Shri Vaishnav Institute of Management - [SVIM], Indore | INR 73,620 |
CH Institute of Management & Commerce - [CHIMC], Indore | INR 58,000 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | INR 2,77,000 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | INR 63,211 |
International Institute of Professional Studies - [IIPS], Indore | INR 81,822 |
BM College of Management and Research - [BMCMR], Indore | INR 55,000 |
Pioneer Institute of Professional Studies - [PIPS], Indore | INR 1,28,500 |
The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams.
Among the most sought-after specializations in the field of Management, MBA in Finance is a 2-year postgraduate degree course. The course is offered by some of the best institutes in India. The eligibility for pursuing MBA in Finance is a bachelor’s degree in any discipline with an aggregate of 50% marks or an equivalent CGPA (a relaxation of 5% is granted to SC/ST candidates).
The top Colleges in Indore that offer MBA in Finance are:
Pioneer Institute of Professional Studies
Check the top MBA colleges in India streamwise by clicking on the links below:
Colleges in Indore hosted various recruiters from both India and abroad for the placements. The chart below shows the CTCs offered by some of the top MBA colleges in Indore.
Ques. Which is the best MBA College in Indore?
Ans. Indian Institute of Management, Indore has been ranked the best by many ranking agencies.
Ques. How many MBA colleges are there in Indore?
Ans. There are 81 MBA colleges in Indore out of which 72 are private and 9 are public.
Ques. Which MBA college in Indore offers the best salary?
Ans. IIM Indore offers an average package of INR 22,92,000.
Ques. How can one get admission into top MBA colleges in Indore?
Ans. Admission into the top MBA colleges in Indore is done through entrance exams like CAT and CMAT.
Ques. Which MBA college has the best placement in Indore?
Ans. IIM Indore, Jaipuria Institute of Management Indore, IMS-Devi Ahilya University Indore, and Amity Global Business School Indore are some of the best MBA colleges in Indore for the highest placements.
Ques. Is Indore good for MBA?
Ans. Yes, Indore is one of the best locations in Madhya Pradesh for an MBA. Also, Indore is an Education center for students in Madhya Pradesh. The top IIM colleges in India have their branch in Indore and IIM Indore is ranked 6th among the best MBA colleges in India by NIRF Ranking.
Ques. How many MBA colleges are there in Indore?
Ans. In India, there are around 119 Management colleges in Indore out of which 87 offer MBA courses with various specializations. There are 79 private and 7 MBA government colleges in Indore.
Ques. Is Symbiosis Indore good for MBA?
Ans. Yes, Symbiosis Indore is good for MBA. Symbiosis Indore is one of the best private MBA colleges in Indore. Symbiosis Indore offers a high placement package with an average high ROI (Return of Investment), the average package offered to the students is around INR 6.5 Lakhs per year.
Ques. How can I get admission to DAVV Indore for MBA?
Ans. To get admission for MBA into DAVV Indore, aspirants must have to complete their graduation in any stream with a minimum aggregate of 55% marks from a recognized University. Also one may require to qualify for any MBA entrance exam.
Ques. How can I study MBA without fees?
Ans. Yes, there are some scholarships available for financially weak students which offer merit-based and based on entrance scores. However, the average MBA fees for most of the top MBA colleges in India are quite high and range between INR 5 - 23 Lakhs per year.
Ques. Which are the best MBA colleges for direct admission?
Ans. Some of the best MBA colleges in India without entrance exams and offer direct admission based on the graduation scores obtained by a candidate are listed below:
Ques. Which are the different specializations offered in MBA Colleges in Indore?
Ans. The best MBA colleges in Indore offer several different MBA specializations, some of them are:
Ques. Can I study MBA without entrance?
Ans. Yes, candidates can opt for MBA courses without taking Entrance exams. There are some private universities or colleges in India that offer direct admissions based on the scores obtained by a candidate in their previous academic tests. However, most of the top MBA colleges in India offer MBA admissions based on MBA Entrance Exams scores.
Ques. Is GMAT tougher than CAT?
Ans. The difficulty level for both entrance exams GMAT and CAT is considered high, however, according to several reports and experience of students, GMAT is much easier than CAT. Also, CAT is considered one of the toughest exams conducted in India.
Ques. What is the fee of IIM Indore?
Ans. The average annual fee of IIM Indore is INR 8 Lacs.
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Indian Institute of Management - [IIM], Indore Indore, Madhya Pradesh | ₹ 9,04,711MBA/PGDM- 1st Year FeesCompare Fees | ₹ 30,21,000Average Package₹ 1,14,00,000Highest PackageCompare Placement | 8.5 / 10 Based on 20 User ReviewsBest in Infrastructure | #6th/272 in India 2023 | |
Prestige Institute of Management and Research - [PIMR], Indore Indore, Madhya Pradesh | ₹ 1,59,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 4,41,000Average Package₹ 32,00,000Highest PackageCompare Placement | 6.9 / 10 Based on 11 User ReviewsBest in Social Life | #71th/272 in India 2023 | |
Jaipuria Institute of Management, Indore Indore, Madhya Pradesh | ₹ 5,15,000MBA/PGDM- 1st Year Fees | -- | -- | #99th/272 in India 2023 | |
Institute of Business Management & Research - [IBMR], Indore Indore, Madhya Pradesh | ₹ 1,15,000MBA/PGDM- 1st Year Fees | ₹ 10,00,000Highest Package | 3.7 / 10 Based on 1 User Reviews | #166th/281 in India 2022 |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Shri Vaishnav Institute of Management - [SVIM], Indore Indore, Madhya Pradesh | ₹ 87,500MBA/PGDM- 1st Year Fees | ₹ 2,00,000Average Package₹ 3,50,000Highest Package | 8.7 / 10 Based on 3 User ReviewsBest in Faculty | #263th/281 in India 2022 | |
CH Institute of Management & Commerce - [CHIMC], Indore Indore, Madhya Pradesh | ₹ 58,000MBA/PGDM- 1st Year Fees | -- | -- | #274th/284 in India 2019 | |
SAGE University, Indore Indore, Madhya Pradesh | ₹ 75,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 10,00,000Highest PackageCompare Placement | 7.1 / 10 Based on 7 User ReviewsBest in Social Life | #115th/120 in India 2022 | |
Oriental University - [OU], Indore Indore, Madhya Pradesh | ₹ 40,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 5,00,000Average Package₹ 27,00,000Highest PackageCompare Placement | 6.5 / 10 Based on 5 User ReviewsBest in Infrastructure | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Medi-Caps University, Indore Indore, Madhya Pradesh | ₹ 1,10,000MBA/PGDM- 1st Year Fees | ₹ 6,50,000Average Package₹ 48,00,000Highest Package | 8.1 / 10 Based on 27 User ReviewsBest in Infrastructure | #200th/272 in India 2023 | |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore Indore, Madhya Pradesh | ₹ 7,50,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 12,50,000Average Package₹ 16,80,000Highest PackageCompare Placement | -- | ||
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore Indore, Madhya Pradesh | ₹ 80,972MBA/PGDM- 1st Year FeesCompare Fees | ₹ 7,30,000Highest PackageCompare Placement | -- | ||
International Institute of Professional Studies - [IIPS], Indore Indore, Madhya Pradesh | ₹ 81,822MBA/PGDM- 1st Year FeesCompare Fees | -- | 7.7 / 10 Based on 6 User ReviewsBest in Social Life | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Pioneer Institute of Professional Studies - [PIPS], Indore Indore, Madhya Pradesh | ₹ 56,500MBA/PGDM- 1st Year Fees | -- | -- | ||
Graduate School of Business - [GSB], Indore Indore, Madhya Pradesh | ₹ 95,000MBA/PGDM- 1st Year Fees | -- | -- | ||
Indore Management Institute and Research Centre - [IMI], Indore Indore, Madhya Pradesh | ₹ 50,000MBA/PGDM- 1st Year Fees | -- | #273th/281 in India 2022 | ||
Indore Indira Business School - [IIBS], Indore Indore, Madhya Pradesh | ₹ 2,00,000MBA/PGDM- 1st Year Fees | -- | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Idyllic Institute Of Management, Indore Indore, Madhya Pradesh | ₹ 69,500MBA/PGDM- 1st Year Fees | -- | 5.3 / 10 Based on 1 User Reviews | -- | |
Indore Institute of Management and Research - [IIMR], Indore Indore, Madhya Pradesh | ₹ 61,000MBA/PGDM- 1st Year Fees | ₹ 4,23,000Average Package₹ 28,00,000Highest Package | 7.6 / 10 Based on 4 User ReviewsBest in Faculty | -- | |
Panache Academy, Indore Indore, Madhya Pradesh | ₹ 2,00,000MBA/PGDM- total fees | -- | -- | -- | |
Amity Global Business School - [AGBS], Indore Indore, Madhya Pradesh | ₹ 2,24,000MBA/PGDM- 1st Year Fees | ₹ 16,00,000Highest Package | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
NIEM The Institute of Event Management, Indore Indore, Madhya Pradesh | ₹ 1,25,000MBA/PGDM- total fees | -- | -- | -- | |
Acropolis Faculty of Management and Research - [AFMR], Indore Indore, Madhya Pradesh | ₹ 1,13,500MBA/PGDM- 1st Year Fees | ₹ 3,75,000Average Package₹ 10,50,000Highest Package | #263th/272 in India 2023 | ||
Vindhya Institute of Management & Research, Indore Indore, Madhya Pradesh | ₹ 37,000MBA/PGDM- 1st Year Fees | -- | -- | -- | |
Apex Institute of Management & Research -[AIMR], Indore Indore, Madhya Pradesh | ₹ 48,600MBA/PGDM- 1st Year Fees | -- | -- | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Radiant Institute of Management & Science - [RIMS], Indore Indore, Madhya Pradesh | ₹ 69,000MBA/PGDM- 1st Year Fees | -- | 8 / 10 Based on 16 User Reviews | -- | |
Vikrant Group of Institutions - [VGI], Indore Indore, Madhya Pradesh | ₹ 45,000MBA/PGDM- 1st Year Fees | ₹ 2,20,000Average Package₹ 10,00,000Highest Package | 9 / 10 Based on 1 User ReviewsBest in Academics | -- | |
Devi Ahilya Vishwavidyalaya, Indore Indore, Madhya Pradesh | ₹ 61,500MBA/PGDM- 1st Year FeesCompare Fees | ₹ 70,00,000Highest PackageCompare Placement | 7.5 / 10 Based on 157 User ReviewsBest in Academics | -- | |
Acropolis Institute of Technology & Research - [AITR], Indore Indore, Madhya Pradesh | ₹ 34,750MBA/PGDM- 1st Year Fees | ₹ 3,80,000Average Package₹ 8,00,000Highest Package | 6.8 / 10 Based on 14 User ReviewsBest in Placements | -- |