LIST OF TOP MBA/PGDM COLLEGES IN INDORE BASED ON 2020 RANKING

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Akanksha Gupta

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The top MBA colleges in Indore, one of the prime education cities in MP, include colleges like IIM Indore which have been ranked by top ranking agencies like NIRF and India Today. These colleges offer good management education in 33 different specializations.

  • Some of the best names in the city include IIM Indore, Prestige Institute of Management and Research, Devi Ahilya Vishwavidyalaya and IPS Academy. These colleges offer MBA courses with a very affordable fee structure.
  • Admissions in these colleges are mainly done through top MBA entrance exams like CMAT, CAT, MAT and XAT. Though the number is less, but there are some colleges which offer admission without entrance exams also. These colleges generally consider merit secured on the basis of marks in graduation.
  • With 72 top private MBA colleges in Indore and 9 government colleges, the total tally stands at 81.
  • Though these colleges offer multiple specializations, but there are hardly any Pharma MBA Colleges in Indore.

Continue reading to find these colleges with fee structure and their cutoffs.

Top MBA Colleges in Indore: Ranking

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.

Top MBA Colleges in Indore: NIRF Ranking

NIRF or National Institutional Ranking Framework is the national ranking agency of India run by the Ministry of HRD. NIRF ranks colleges and universities based on the following parameters:

  • Teaching, Learning, and Resources (TLR)
  • Research and Professional Practice (RP)
  • Graduation Outcome (GO)
  • Outreach and Inclusivity (OI)
  • Perception (PR)

The table below lists the top MBA colleges in Indore ranked by NIRF in the 2020 management list.

College Name NIRF Ranking 2020 NIRF Ranking 2019 Change Average Annual Fees
IIM Indore 7 5 -2 INR 8,00,000

As is evident from the table, the Indian Institute of Management (IIM), Indore is the only MBA College in Indore that has been ranked in the NIRF list of Top 75 MBA colleges in India. 

  • It has been ranked 7 in India with a score of 69.04.
  • It obtained a position of 5 in 2019 and has therefore dropped by 2 positions.
  • The average annual fee is INR 8 Lacs and the fee for the whole program is INR 16 Lacs.

Check  IIM Indore Selection Criteria

Top MBA Colleges in Indore: Economics Times Ranking

The Economic Times is an English Language Indian newspaper headquartered in Mumbai and is owned by the Times Group. Economic Times releases a list of top colleges in India every year.

  • According to the Economic Times, IIM Indore is the only institute in Indore to be ranked among the Top Management Colleges in India.
  • The institute was ranked 18 among the Top MBA colleges in India.
  • Its annual average fee is INR 8 Lacs.

Top MBA Colleges in Indore: India Today Ranking

India Today is a weekly Indian English Language news magazine published by Living Media India Limited. Every year, India Today releases a list of Top MBA colleges in India on the basis of parameters like:

  • Learning Experience
  • Placement Performance
  • Future Orientation
  • Living Experience
  • Selection Process, Governance, and Establishment

The table below lists the details of IIM Indore, which again was the only institute ranked by the agency from Indore among the best colleges in India.

College Name India Today Rank 2019 India Today Rank 2018 Change Average Annual Fee
IIM Indore 4 7 +3 INR 8,00,000
  • The institute ranked 4th in the 2019 survey of India Today.
  • It obtained a score of 784.7 out of 1000 and increased by 3 positions as it ranked 7th in the 2018 survey.
  • The average annual fee is INR 8 Lacs.

These rankings undoubtedly prove that IIM Indore is the best MBA College in Indore. Any how, the name tag of an IIM is itself enough to boost your career in management sector. If you want to know about what all different job sectors are open for you after pursuing an MBA, read about MBA Career Options and Jobs.

Top MBA Colleges in Indore: ROI (Return on Investment)

Return on Investment (ROI) is the count of the profitability of a college in terms of placements and fees. It is one such factor that must be kept in mind while deciding a college. Given below is a list of top MBA colleges in Indore ROI wise.

College Name Average Annual Fee Average Placement Package ROI Rank*
IMS Devi Ahilya Vishwavidyalaya INR 60,000 INR 3,50,000 1
Amity Global Business School, Indore INR 1,20,000 INR 4,00,000 2
Indian Institute of Management, Indore INR 8,00,000 INR 20,79,000 3
Prestige Institute of Management INR 1,19,500 INR 3,00,000 4

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

  • Institute of Management Studies, Devi Ahilya Vishwavidyalaya is the best MBA College in Indore in terms of Return on Investment.
  • It offers an average placement package of INR 3.5 LPA with an average fee of INR 60,000.

Top MBA Colleges in Indore: Cutoff

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

Top MBA Colleges in Indore: Admission Process

There are a total of 81 colleges in MBA Colleges in Indore out of which 72 are private and 9 are public. The following chart shows their ratio:

Number of Top MBA Colleges in Indore


Admissions in top MBA colleges are done mainly through entrance exams like CAT, XAT, and GMAT, etc. The following table shows the number of colleges in Indore accepting their score.

Exam Name No. of Colleges Accepting Score
CMAT 33
CAT 16
MAT 8
XAT 7
ATMA 5

IIM Indore

Indian Institute of Management situated in Indore was established in 1996 and is the sixth sibling to the chain of IIMs. IIM Indore is the only MBA College in Indore that has been ranked by ranking agencies.

  • It is a public co-ed university and has been ranked 7th in the NIRF Ranking 2020.
  • IIM Indore offers programs like Post Graduate Program in Management (PGP), Executive Post Graduate Program in Management (EPGP), Post Graduate Program in Human Resource Management (PGP-HRM), and Executive Fellow Program in Management (EFPM), etc.
  • The university also offers a five-year integrated program in Management (IPM) which has combined the undergraduate and the postgraduate course into one.
  • The course fee is INR 16 Lacs for Indian residents and INR 24 Lacs for NRI.
  • Apart from the core courses which form 50% of the curriculum, the institute also offers elective courses for second-year students.
  • IIM Indore has many collaborations with various foreign business schools.
  • The institute has successfully concluded the final placements for the batch 2018-20 consisting of 578 students.
  • The highest package stood at INR 50 LPA. 
  • The average CTC was INR 22.92 LPA. 

The following chart shows the domain-wise placements from IIM Indore:

iim indore placement domain wise

Institute of Management Studies Devi Ahilya Vishwavidyalaya

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.

  • It is the oldest institute in the city that offers an MBA degree. During the initial days of IMS DAVV, it only offered a “Distance Education” degree in Business Administration, but later increased its capacity.
  • Apart from the two-year MBA program, the institute also offers an MBA program for Executives along with M.Phil and Ph.D. in Management.
  • MBA fees in DAVV Indore for boys is INR 66,822 whereas the annual fee for girls is INR 60,222.
  • The university organizes events like Deeksharambh, Huyrisko, Prabandhanam, and Samagam.
  • The recruiters that visit the campus include Oracle, Godrej, HSBC, ICICI Bank, Reliance, Nestle, etc.

Prestige Institute of Management and Research, Indore

The Prestige Institute of Management and Research was founded in 1994 and has been rated ‘A’ by National Assessment and Accreditation Council (NAAC).

  • PIMR Indore has signed MOU with SIAM University, Thailand and International Latin University, Argentina.
  • The institute has also signed MOUs with AIESEC for providing foreign internships to the students, with ASPIRE for enhancing personality and presentation skills of the students, and with Punjab National Bank for student loans.
  • It offers Doctoral Programs, Certificate Programs, Diploma Programs, Postgraduate and Undergraduate programs.
  • Prestige College Indore MBA Fees per semester is INR 59,000 and INR 1,500 is submitted as caution money.
  • Given below is a chart showing the domain-wise placement from the institute-
PIMR Indore Placements_ Domain Wise

Top MBA Colleges in Indore: Entrance Exam Wise

Admission to top MBA colleges in Indore is done through entrance exams like CAT, CMAT, etc. Given below is a list of exams and the colleges that accept these exams.

Top MBA Colleges in Indore Accepting CAT Score

CAT or Common Admission Test is an online exam conducted for the postgraduate management programs.

  • The Indian Institutes of Management (IIMs) started the CAT exam for selecting students. However, the test is now accepted by other colleges too.
  • The exam includes Quantitative Ability, Verbal Ability & Reading Comprehension, Data Interpretation, and Logical Reasoning.
  • The paper consists of multiple-choice questions and also has a provision for negative marking.

Top MBA Colleges in Indore Accepting CMAT score

Common Management Admission Test or CMAT is an online computer-based test conducted by the National Testing Agency, India.

  • It is a national level admission test for selecting students for management programs and is approved by AICTE.
  • It is a 3-hour paper consisting of multiple-choice questions.
  • Negative Marking is allowed in the exam and 1 mark will be deducted from each wrong answer.
  • Top MBA colleges in Indore like Prestige Institute of Management and Research, Institute of Management Studies Devi Ahilya Vishwavidyalaya, etc., accept CMAT score.

Top MBA Colleges in Indore: Specialization Wise

The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams. 

Top MBA Finance Colleges in Indore

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).

Top Colleges in Indore that offer MBA in Finance are:

  • Prestige Institute of Management and Research 
  • Devi Ahilya Vishwavidyalaya
  • International Institute of Professional Studies
  • Pioneer Institute of Professional Studies

Check the top MBA colleges in India streamwise by clicking on the links below:

Top MBA Colleges in Indore: Placement Wise

Colleges in Indore hosted various recruiters from both India and abroad for the 2020 placements. The chart below shows the CTC’s offered by some of the top MBA colleges in Indore in 2019.

CTCs offered in Top MBA Colleges in Indore

Top MBA Colleges in Indore: FAQs

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. What is the fee of IIM Indore?

Ans. The average annual fee of IIM Indore is INR 8 Lacs.

Reviews

NR
8.4 /10

Placement Experience :

When you are in your 3rd semester, it all start from there. Companies do come for placement. Students need to polish themselves for the interviews and other process.

Loan/ Scholarship Provisions :

There are different courses available with different fees structure . I did my MBA in Advertising and public relations which cost me 1,20,000 excluding exam fees.

Campus Life :

Infrastructure of PIMR is good as they have separate campus for UG and PG . The social life is too good at campus. we celebrate every festival together.

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S
8.3 /10

Campus Life :

The Annual fest is held during the time of New Session in August - September basically and also the University organizes many such events keeping in mind that the Co curricular activities are also very important to build up their student's personality and yes it has a Club Sage Activity Cell under which comes sociama clubs, sports club , drama club , photography clubs, Art clubs etc. The library is so giant and is filled with so many books and has a wonderful infrastructure that provides student a better environment to read and Learn also the classroom amenities are also worth the fees you pay .

Course Curriculum Overview :

I chose this course because I have keen interest in journalism and public speaking so to develop my communication skills I took this course and yes I am in love with my decision cause the University provides us with the best faculty for each specialized subjects and they are too good in their work and way of teaching. The department also focuses on practical training as well and that is the main focus for our subject.The exams mid term and finals are always taken at the given particular time and the results are also shared timely. The faculties are highly qualified and are very knowledgeable.

Placement Experience :

I don't know about placements but yes internships are provided from the 2nd semester of our course , my plan is to do my post graduation from abroad so I don't think so I am looking for placement but I guess internships helps a lot of students to build contacts and also they apply for the job position in that internship companies as well.

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S
8.3 /10

Remarks :

The Campus Placement of prestige indore is very good for marketing, they provive best placement and also the faculty is very good they are well experienced teacher and the crowd of my college is very good it is located in vijaynagar and that area is too very good area.

Campus Life :

The campus of clg is small as they, there is sports room but not ground or anything and about the library is is very good and has huge no. Of book and magazine and all type of newspaper.But prestige will soon going to has there own university.

College Events :

The campus life is good as the campus is small though but it is very good the classes are enough for students. Prestige has vast no. Of event like janmastmi paridhan week, teachers day, ganesh event, and mainly our fest MANTHAN.

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Collegedunia Rating4.5/10
Indore, Madhya Pradesh 
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Collegedunia Rating4.2/10
Indore, Madhya Pradesh