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.
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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.
College/ University Name | MBA/PGDM Seat Intake |
---|---|
Indian Institute of Management - [IIM], Indore | 662 |
Prestige Institute of Management and Research - [PIMR], Indore | 1200 |
Institute of Business Management & Research - [IBMR], Indore | 420 |
Indore Management Institute and Research Centre - [IMI], Indore | 660 |
Jaipuria Institute Of Management, Indore | 180 |
CH Institute of Management & Commerce - [CHIMC], Indore | 162 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | 180 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | 120 |
International Institute of Professional Studies - [IIPS], Indore | 120 |
BM College of Management and Research - [BMCMR], Indore | 420 |
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.
IIM Indore and Jaipuria Institute of Management are the only MBA Colleges in Indore that have been ranked in the NIRF Ranking list of the top 125 MBA colleges in India. The table below lists the top MBA colleges in Indore ranked by NIRF ranking in the management list.
NIRF Ranking 2022 | College Name | NIRF Rankings |
---|---|---|
7 | Indian Institute of Management, Indore | 70.66 |
102 - 125 | Jaipuria Indore - Jaipuria Institute of Management | - |
Check IIM Indore Selection Criteria
The Times, which is one of the most popular and widespread newspapers/ magazines in India, also ranks among the best educational institutions in India. Every year The Times conducts a survey and publishes a list of top educational institutions in India for different domains. The Times considers various parameters such as Education quality, facilities, infrastructure, faculties, placements, etc. to rank a college.
The Times Ranking 2022 | College Name |
---|---|
53 | IPS Academy |
57 | Prestige Institute of Management and Research |
65 | Govindram Seksaria Institute of Management and Research |
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 based on parameters like:
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 |
These rankings undoubtedly prove that IIM Indore is the best MBA College in Indore. Anyhow, the name tag of an IIM is itself enough to boost your career in the 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.
Tabulated below are some of the best MBA colleges in Indore along with their fee structure.
College/ University Name | Average Annual Fees |
---|---|
Indian Institute of Management - [IIM], Indore | INR 8,50,711 |
Prestige Institute of Management and Research - [PIMR], Indore | INR 1,19,500 |
Jaipuria Institute of Management, Indore | INR 4,37,500 |
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 |
There are some MBA colleges in Indore that offer MBA courses with average lower fees than many other top MBA colleges in India. Listed below are the Best MBA colleges in Indore with low Fees:
College/ University Name | Average Annual Fees |
---|---|
Vindhya Institute of Management & Research, Indore | INR 37,000 |
Prestige Institute of Management and Research - [PIMR], Indore | INR 1,19,500 |
Lakshmi Narain College of Technology & Science - [LNCTS], Indore | INR 35,000 |
Prestige Institute of Engineering Management and Research - [PIEMR], Indore | INR 1,57,000 |
Vindhya Institute of Technology & Science - [VITS], Indore | INR 37,000 |
Lakshmi Narain College of Technology & Science - [LNCTS], Indore | INR 37,000 |
Swastika Institute Of Higher Education and Technology - [SIHET], Indore | INR 35,400 |
Dr. B. R. Ambedkar University of Social Sciences, Indore | INR 30,590 |
Patel Group of Institution - [PGOI], Indore | INR 35,000 |
Sushila Devi Bansal College, Indore | INR 30,000 |
The best MBA government colleges in Indore offer high placement opportunities and ROI (Return of Investment). Some of the best Government MBA colleges in Indore are tabulated below with average annual fees:
College/ University Name | Average Annual Fees |
---|---|
International Institute of Professional Studies - [IIPS], Indore | INR 81,822 |
Prestige Institute of Management and Research - [PIMR], Indore | INR 1,19,500 |
Prestige Institute of Engineering Management and Research - [PIEMR], Indore | INR 1,57,000 |
Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore | INR 1,18,015 |
Dr. B. R. Ambedkar University of Social Sciences, Indore | INR 30,590 |
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore | INR 27,750 |
Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore | INR 41,601 |
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 |
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 on 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%
It offers an average placement package of INR 3.5 LPA with an average fee of INR 60,000.
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 |
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:
Admissions to top MBA colleges are done mainly through entrance exams like CAT, XAT, GMAT, etc. The following table shows the number of colleges in Indore accepting their score.
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.
IIM Indore recently completed the 2022 placement drive of its PGP & IPM batch. The highest salary increased by 18% & the average salary increased by 6% compared to the previous year. Consulting firms were the top recruiters as 31% of the offers came from the consulting sector and 20% of the offers were made from Finance firms. 30 new recruiters visited the campus this year. Some of the major recruiters included Accenture, Deloitte, EY, Infosys, Crisil, DE Shaw, Goldman Sachs, HDFC Bank, and many more. Here are the highlights of the placement drive:
Particulars | Placement Statistics (2019-21) | Placement Statistics (2020-22) |
---|---|---|
Number of Students | 579 | 572 |
Number of Recruiters | 210+ | 180+ |
Highest international CTC | INR 56.8 LPA | - |
Highest Domestic CTC | INR 41.5 LPA | INR 49 LPA |
Average CTC | INR 23.6 LPA | INR 25.01 LPA |
Major Domains | Finance and Sales & Marketing | Consulting, Sales, and Marketing |
Top Recruiters | Amazon, BCG, Cipla | Accenture Strategy, BMW, Cisco |
The following chart shows the domain-wise placements from IIM Indore:
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.
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.
CAT or Common Admission Test is an online exam conducted for postgraduate management programs.
The paper consists of multiple-choice questions and also has a provision for negative marking.
Common Management Admission Test or CMAT is an online computer-based test conducted by the National Testing Agency, India.
Top MBA colleges in Indore like Prestige Institute of Management and Research, Institute of Management Studies Devi Ahilya Vishwavidyalaya, etc., accept CMAT scores.
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).
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 the 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 |
---|---|---|---|---|---|
Shri Vaishnav Institute of Management - [SVIM], Indore Indore, Madhya Pradesh | ₹ 74,000MBA/PGDM - Master of Business Administration- 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 - Master of Business Administration- 1st Year Fees | ₹ 2,80,000Average Package₹ 6,50,000Highest Package | #274th/284 in India 2019 | ||
SAGE University, Indore Indore, Madhya Pradesh | ₹ 75,000MBA/PGDM - Master of Business Administration- 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 - Master of Business Administration- 1st Year Fees | -- | 6.5 / 10 Based on 5 User Reviews | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Medi-Caps University, Indore Indore, Madhya Pradesh | ₹ 1,10,000MBA/PGDM - Master of Business Administration- 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 - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore Indore, Madhya Pradesh | ₹ 80,972MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
International Institute of Professional Studies - [IIPS], Indore Indore, Madhya Pradesh | ₹ 82,600MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | 7.7 / 10 Based on 6 User Reviews | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
BM College of Management and Research - [BMCMR], Indore Indore, Madhya Pradesh | ₹ 55,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | ||
Pioneer Institute of Professional Studies - [PIPS], Indore Indore, Madhya Pradesh | ₹ 56,500MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Graduate School of Business - [GSB], Indore Indore, Madhya Pradesh | ₹ 95,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Indore Management Institute and Research Centre - [IMI], Indore Indore, Madhya Pradesh | ₹ 50,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | #273th/281 in India 2022 |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Indore Indira Business School - [IIBS], Indore Indore, Madhya Pradesh | ₹ 2,00,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | ||
Idyllic Institute Of Management, Indore Indore, Madhya Pradesh | ₹ 1,46,400MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | 5.3 / 10 Based on 1 User ReviewsBest in Social Life | -- | |
Indore Institute of Management and Research - [IIMR], Indore Indore, Madhya Pradesh | ₹ 61,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | 8.3 / 10 Based on 2 User Reviews | -- | |
Panache Academy, Indore Indore, Madhya Pradesh | ₹ 2,00,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Amity Global Business School - [AGBS], Indore Indore, Madhya Pradesh | ₹ 2,24,000MBA/PGDM - Master of Business Administration- 1st Year Fees | ₹ 16,00,000Highest Package | -- | ||
Govindram Seksaria Institute of Management & Research - [GSIMR], Indore Indore, Madhya Pradesh | ₹ 1,28,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | #272th/272 in India 2023 | |
NIEM The Institute of Event Management, Indore Indore, Madhya Pradesh | ₹ 1,25,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Acropolis Faculty of Management and Research - [AFMR], Indore Indore, Madhya Pradesh | ₹ 1,13,500MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | #263th/272 in India 2023 |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Vindhya Institute of Management & Research, Indore Indore, Madhya Pradesh | ₹ 37,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Apex Institute of Management & Research -[AIMR], Indore Indore, Madhya Pradesh | ₹ 48,600MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | -- | -- | |
Radiant Institute of Management & Science - [RIMS], Indore Indore, Madhya Pradesh | ₹ 69,000MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | 8 / 10 Based on 16 User ReviewsBest in Accomodation | -- | |
Vikrant Group of Institutions - [VGI], Indore Indore, Madhya Pradesh | ₹ 2,00,000MBA/PGDM - Master of Business Administration- 1st Year Fees | ₹ 2,20,000Average Package₹ 10,00,000Highest Package | 9 / 10 Based on 1 User ReviewsBest in Academics | -- |
CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
---|---|---|---|---|---|
Devi Ahilya Vishwavidyalaya, Indore Indore, Madhya Pradesh | ₹ 61,500MBA/PGDM - Master of Business Administration- 1st Year Fees | -- | 7.4 / 10 Based on 26 User Reviews | -- | |
Acropolis Institute of Technology & Research - [AITR], Indore Indore, Madhya Pradesh | ₹ 1,13,500MBA/PGDM - Master of Business Administration- 1st Year Fees | ₹ 3,80,000Average Package₹ 8,00,000Highest Package | 3.4 / 10 Based on 14 User ReviewsBest in Placements | -- |