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

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Akanksha Gupta

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The top MBA Colleges in Madhya Pradesh offer Master of Business Administration (MBA) in various disciplines, both in full-time and distance learning mode. There are a total of 240 top-rank MBA colleges out of which 199 are private and 41 are public MBA colleges in Madhya Pradesh.

  • There are a total of seven colleges that offer an MBA program in distance learning mode.
  • The list of some of the best MBA colleges in Madhya Pradesh includes Amity Global Business School, Prestige Institute of Management, ITM University, Jaipuria Institute of Management among many others.
  • Some of the institutes offering MBA programs from distance learning mode include Devi Ahilya Vishwavidyalaya, Madhya Pradesh Bhoj University, and several others.
  • Prestige Institute of Management, Gwalior is ranked as the best MBA College in Madhya Pradesh by numerous ranking agencies.

Top MBA Colleges in Madhya Pradesh: Rankings

Every year, numerous ranking agencies release the list of top MBA colleges in India and other regions on the basis of parameters which include teacher-student ratio, perception of the university/college, placement statistics and many more.

Top ranking agencies such as NIRF, Business Today, The Week and India Today also release rankings in distinct categories including state-wise and city-wise. Some of the ranking lists released for the top MBA colleges in Madhya Pradesh are as follows.

Top MBA Colleges in Madhya Pradesh: NIRF Ranking

NIRF is a national ranking agency for various colleges and universities across India and is run by the Ministry of Human Resource and Development, Govt. of India. Some of the best MBA colleges in Madhya Pradesh as per the NIRF survey 2020 are provided below:

Name of the College NIRF Ranking 2020 NIRF Ranking 2019 Change Average Annual Fees
Indian Institute of Management, Indore 7 5 -2 INR 20,00,000
Indian Institute of Forest Management (IIFM), Bhopal 62 60 -2 INR 6,24,000
  • NIRF has ranked IIM as the best MBA college in Indore. 
  • IIM Indore has been ranked 7th among all the top management colleges in India as per the NIRF survey.
  • The ranking list also mentions the Indian Institute of Forest Management, Bhopal among several others.

NIRF prepares its ranking lists based on five different parameters. The following chart represents the comparison of the weightage allotted to these parameters:

NIRF Ranking


Source:
NIRF Official Website

Read More: Top MBA Colleges in Pune

Top MBA Colleges in Madhya Pradesh: The Week Ranking

The Week is an Indian news magazine that is published from Kochi and printed in major cities namely Delhi, Mumbai, Bangalore, and Kottayam. The Week conducts a survey along with Hansa Research every year to prepare a list of the top MBA colleges in MP and also state-wise. The top MBA colleges in MP as listed by this survey are as follows:

Name of the College Rank 2019 Rank 2018 Change Average Annual Fees
Indian Institute of Management, Indore 6 7 +1 INR 20,00,000
Prestige Institute of Management and Research 43 62 +19 INR 2,36,000
Amity Business School, Gwalior 144 NP - INR 6,12,000
  • The Week has ranked Indian Institute of Management as the best MBA college in Indore.
  • The college has improved its rank from 7 in 2018 to 6 in 2019.
  • Prestige Institute of Management and Research has also improved its rank from 62 in 2018 to 43 in 2019.

Top MBA Colleges in Madhya Pradesh: ROI (Return on Investment)

ROI or Return on Investment tells how much profitable it is to pursue MBA from a specific management college in India. Following is the list of top private MBA colleges in India along with their ROI.

College Name Average Annual Fees Average Annual Package ROI Rank*
CH Institute of Management & Commerce INR 35,000 INR 2,80,000 1
Prestige Institute of Management, Gwalior INR 1,10,950 INR 4,50,000 2
Prestige Institute of Management, Dewas INR 80,000 INR 3,20,000 3
Prestige Institute of Management and Research, Indore INR 1,19,000 INR 4,50,000 4
ITM University, School of Management, Gwalior INR 1,45,000 INR 3,50,000 5
Indian Institute of Forest Management, Bhopal INR 3,12,000 INR 7,50,000 6
Jaipuria Institute of Management INR 3,80,000 INR 6,70,000 7

*ROI Percentage={(Average Placement Pacakge)/(Average Annual Fees)}*100%

  • CH Institute of Management & Commerce is ranked the best college in Madhya Pradesh for giving 800% returns on investment. Students with INR 35,000 of average annual fees get an average annual salary package of INR 2,80,000.
  • The least ranked college in the list is Jaipuria Institute of Management. The college gives only 176% returns on investment with INR 3,80,000 average annual fees and INR 6,70,000 average annual package.

Top MBA Colleges in Madhya Pradesh: Admission Process

There are a total of 240 MBA colleges in Madhya Pradesh out of which 199 are private MBA Colleges and only 41 of them are public. The following graph shows their ratio in a clear manner.

Top Public/Private Colleges in Madhya Pradesh


Source: Official Survey

These colleges provide admissions mainly on the basis of top MBA entrance exams like CAT, TANCET, CMAT, MAT, ATMA, GMAT, etc. 

The table given below shows the number of top MBA colleges in Madhya Pradesh accepting scores of various MBA entrance tests.

Colleges Accepted MBA Entrance exam


Source: Official Survey

Some of the top MBA colleges in Madhya Pradesh and their details are provided below.

IIM Indore

Indian Institute of Management, Indore is the best college in Madhya Pradesh and is ranked 7th among all the top management colleges in Madhya Pradesh.

  • IIM Indore came into existence in 1997 and provides students with a 2 year MBA program in the fields of Marketing, Finance, Human Resource, and many others.
  • IIM Indore also offers various Certificates and Postgraduate Diploma programs.
  • This year, over 160 companies visited the campus for the purpose of recruitment and 578 students participated in the placement rounds.
  • The highest package received by the students this year was INR 50 lakh.
  • The average CTC offered to students was INR 22.92 lakh.

The chart given below compares the domain-wise placement of IIM Indore.

iim indore domain wise placement

Source: Official Website

The top recruiters of the IIM, Indore this year are as follows:

Flipkart ONGC Oracle
HCL Technologies HDFC Philips
India Mart Capgemini IOCL

Amity Business School, Gwalior

The Amity Business School, Gwalior is a part of Amity University.

  • It offers an MBA program in various disciplines on the basis of candidate’s performance in the national level entrance examinations followed by group discussion and personal interview.
  • This deemed university offers an MBA degree in four disciplines namely General, Human Resource and Management, International Business and Sales and Marketing.

The top recruiters of the Amity Business School, Gwalior this year are as follows:

Wipro Technologies Collabera Technologies ISC Software Pvt Ltd
Capgemini Wane Technologies Pro Tree Consultancy Services Pvt. Ltd.

Top MBA Colleges in Madhya Pradesh: Entrance Exam Wise

Admissions to the MBA program in the best colleges in Madhya Pradesh are done mainly through national levels entrance exams like CMAT, CAT, MAT, GMAT, ATMA, XAT, and ITM NEST. Some of the top MBA colleges in Madhya Pradesh are given below entrance exam wise.

Top MBA Colleges in Madhya Pradesh Accepting CMAT Score

Common Management Admission Test or CMAT is conducted for admissions to the MBA program in management colleges across India. The exam is generally conducted in the month of January.

  • CMAT is conducted in online mode and the duration of the examination is 3 hours.
  • CMAT score is accepted by around 72 MBA colleges in Madhya Pradesh.
  • The National Testing Agency (NTA) is the conducting authority of CMAT.

Some of the top MBA colleges in Madhya Pradesh accepting CMAT score are as follows: 

  • Rani Durgavati Vishwavidyalaya, Jabalpur
  • Bhabha University, Bhopal
  • BM College of Management and Research, Indore
  • BM Group of Colleges, Indore
  • Vindhya Institute of Management & Research, Indore
  • Prestige Institute of Management and Research, Indore

Top MBA Colleges in Madhya Pradesh Accepting CAT Score

Common Admission Test or CAT is one of the most popular and most competitive examinations in India for management education. Every year, lakhs of students appear for this deemed entrance test to get admission in some of the top MBA colleges across India.

  • CAT is conducted in more than 150 cities every year at over 350 exam centers.
  • The entrance test is conducted for a duration of 3 hours and the questions are divided into 3 sections.
  • There are 34 questions in Verbal Ability & Reading Comprehension (VARC), 32 in Data Interpretation and Logical Reasoning (DILR), and 34 in Quantitative Analysis (QA).

Some of the top MBA colleges in Madhya Pradesh accepting CAT score: 

  • ITM University, Gwalior
  • Jaipuria Institute of Management, Indore
  • Prestige Institute of Engineering Management and Research, Indore
  • Amity Global Business School, Indore
  • Malwa Institute of Technology, Indore

Read more:

Top MBA Colleges in Madhya Pradesh: Placement Wise

MBA Placements for the 2019 batch have been completed in almost each and every college for both sessions of placements, i.e., Final Placements and Summer Placements. The top MBA colleges in Madhya Pradesh hosted some of the top management recruiters from both India and Abroad.

  • The average number of recruiters in the top MBA institutes in Madhya Pradesh varied between 40-80.
  • The average placement package in most of these colleges ranges between INR 4,00,000 and INR 7,00,000.

The chart given below depicts the CTCs offered by some of the top MBA colleges in Madhya Pradesh.

Top MBA Colleges in Madhya Pradesh: Placement Packages


Source: Official Website

The top recruiters in these deemed engineering institutes include:

HCL Infosys BSNL
IBM Tata Consultancy Services Torrent power
Tech Mahindra Crompton Wipro
Amazon Cognizant Accenture

Candidates must remember that placements usually depend on the stream that one chooses so they are advised to choose their stream cautiously.

Top MBA Colleges in Madhya Pradesh for Finance

The finance sector is one of the fastest-growing fields and contributes 21.67% of India’s GDP in 2018-19. This sector recruits some of the most attractive management jobs. Some of the pretty popular finance fields among MBA graduates are Banking, Mutual Funds, and Stock Markets. Some of the top MBA colleges in Madhya Pradesh for Finance are given below:

  • Astral Institute of Technology and Research, Indore
  • ITM University, Gwalior
  • Sushila Devi Bansal College of Technology, Indore
  • Malwa Institute of Technology, Indore

Top MBA Colleges in Madhya Pradesh for Human Resource

MBA in Human Resource is the most popular specialization offered in MBA colleges in the state. 22 colleges offer this specialization in Madhya Pradesh. Human Resources Management is an important aspect of any corporate company and there is always a demand for HR managers. 

The following are some of the top MBA colleges in Madhya Pradesh for HR.

  • Lakshmi Narain College of Technology and Science, Indore
  • Astral Institute of Technology and Research, Indore
  • Sushila Devi Bansal College of Technology

Also, Check

Top MBA Colleges in Madhya Pradesh: FAQs

Ques. Which college is best to pursue MBA in Madhya Pradesh?

Ans. IIM Indore is considered the best for pursuing MBA in Madhya Pradesh.

Ques. How many MBA colleges are there in Madhya Pradesh?

Ans. There are a total of 320 MBA colleges in Madhya Pradesh.

Ques. What is the cost of doing an MBA?

Ans. The cost of doing an MBA usually ranges between INR 5,00,000 and INR 25,00,000

Ques. MBA in which stream promises a higher salary?

Ans. MBA in HR and Finance is the most promising one and is one of the highest-paid careers.

Ques. Which is the best private college to pursue MBA from Madhya Pradesh?

Ans. Lakshmi Narain College of Technology, Indore is one of the best private MBA colleges in Madhya Pradesh ranked by numerous ranking agencies.

Reviews

fk
8.0 /10

Campus Life :

campus life is very good. with good infrastructure and facility and various clubs i was with the event club group it was a good experience overall.

Internships Opportunities :

i got the internship from the campus in times of india in vadodara gujarat. where my job is to sell the toi subscription in b2c & b2b market.

Placement Experience :

placement facility is average inthe college i was placed in club mahindra with package of 3.8 lpa which is a average package.

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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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10.0 /10

Course Curriculum Overview :

I choose this course because i have keen interest in learning about business and how everything works, subject Personality Development and sports is a bonus to all the students. Faculty: student ratio is good, students can ask anything to the faculty without being scared and faculty ensures to answer the questions. Teaching method if every faculty is amazing and they are more than well qualified. Exam of one year is divided into 2 parts (mid term & finals) and internal/external projects are also conducted.

Campus Life :

Annual fest which is very much famous all over the country is 'SPANDAN' there are many completions and activities conducted in the event. Many books are available in the library. Marketing club, HR Club, students club, literary club, finance club and many more clubs are there in our College and they conducted many events and Competitions.

Placement Experience :

You will get your 1st internship in your 3rd year, i am a second year student that's why i can not guide through this.

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