Top MBA Colleges in Madhya Pradesh include IIM Indore, IITM Gwalior, Jaipuria Institute of Management-Indore, Prestige Institute of Management-Gwalior, etc. The top MBA Colleges in Madhya Pradesh offer Master of Business Administration (MBA) in various disciplines, both in full-time and distance learning modes. There are a total of 271 MBA colleges out of which 232 are private and 31 are Government MBA colleges in Madhya Pradesh.

• IIM Indore is the best MBA college in Indore as per the NIRF ranking 2022. The Institute has been ranked 7th among all the top management colleges in India.
• The list of some of the best MBA colleges in Madhya Pradesh includes Amity Global Business School, Indian Institute of Forest Management-Bhopal, ITM University, CH Institute of Management & Commerce, etc.
• Some of the institutes offering MBA programs from distance learning mode include Devi Ahilya Vishwavidyalaya, Madhya Pradesh Bhoj University, and several others.

Top MBA Colleges in Madhya Pradesh: Rankings

Every year, numerous ranking agencies release the list of top MBA colleges in India and other regions based on parameters that 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 2022

National Institutional Ranking Framework is a method adopted by the Indian government to rank top Education institutions in India based on various parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for different domains. NIRF is the most trustworthy and popular Ranking agency in India.

NIRF ranks the institutions across India based on 5 parameters and they are (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and, (5) Perception. The rendered pie chart below depicts the weightage of different parameters used for Ranking top colleges in India:

• IIM Indore is the best MBA college in Indore as per the NIRF ranking 2022. The Institute has been ranked 7th among all the top management colleges in India.
• The ranking list also mentions IIITM Gwalior among the top 100 management colleges in India.

Top MBA Colleges in Madhya Pradesh: The Times Ranking 2022

The Times is one of the most reputed and largest-selling English-language daily newspapers in the world. Every year, Optimal Media Solutions - The Times in partnership with Avance India conducts a survey and releases a list of Top Education Institutions in India for different domains. The Times ranking considers different parameters to rank a college.

As per the Times Ranking 2022, IPS Academy, Institute of Business Management And Research Indore is the best MBA college in Madhya Pradesh. The Institute is ranked as one of the top private MBA colleges in India and has a seat intake of 300 for MBA/ PGDM courses and 120 for BBA courses.

• Institute of Business Management And Research Indore is the best MBA college in Madhya Pradesh. The Institute is ranked 53rd by The Times ranking in the list of top Management colleges in India. 
• Prestige Institute of Management And Research Indore is ranked 57th and is regarded as one of the best MBA colleges in Madhya Pradesh. 
• Prestige Institute of Management & Research Gwalior has secured the 62nd position followed by Govindram Seksaria Institute of Management Research Indore spotted at 65th place in the list of top Management colleges in India.

Below is the list of top MBA colleges in Madhya Pradesh ranked by The Times Ranking 2022.

Top MBA Colleges in Madhya Pradesh: The Week Ranking

The Week is an Indian news magazine that is published in Kochi and printed in major cities namely Delhi, Mumbai, Bangalore, and Kottayam. The Week surveys along with Hansa Research every year to prepare a list of the top MBA colleges in MP and also state-wise. The graph below depicts the weightage of these parameters used for the ranking of top MBA colleges in Madhya Pradesh:

The top MBA colleges in MP as listed by this survey are as follows:

• The Week has ranked the 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.

*ROI Percentage={(Average Placement Package)/(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 average annual fees get an average annual salary package of INR 2,80,000.
• The least-ranked college on the list is the 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 clearly shows their ratio.

Source: Official Survey

These colleges provide admissions mainly based on 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.

Source: Official Survey

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

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 6th in the NIRF Ranking 2021.
• 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 combines undergraduate and postgraduate courses into one.
• The course fee is INR 16 Lacs for Indian residents and INR 24 Lakhs 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 2020-22 consisting of 572 students.
• The highest package stood at INR 49 LPA. 
• The average CTC was INR 25.01 LPA.

IIM Indore 2022 Placement Highlights

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:

• A total of 180 recruiters visited the campus. 
• The highest salary package stood at INR 49 LPA.
• An average salary of INR 25.01 LPA was offered to the students.
• The top 100 students bagged an average salary of INR 37.95 LPA during the 2022 placement drive.
• The top 200 students received an average salary of INR 32.75 LPA.

IIM Indore Placements 2022 Report

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

Source: Official Website

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

Amity Business School, Gwalior

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

• It offers an MBA program in various disciplines based on the candidate’s performance in the national-level entrance examinations followed by group discussion and personal interviews.
• 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:

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 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 scores 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

The 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 to 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 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 scores: 

• 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 Accepting MAT
• Top MBA Colleges in Madhya Pradesh Accepting XAT
• Top MBA Colleges in Madhya Pradesh Accepting ATMA
• Top MBA Colleges in Madhya Pradesh Accepting GMAT

Top MBA Colleges in Madhya Pradesh: Placement Wise

MBA Placements for the 2020 batch have been completed in almost 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.

Source: Official Website

The top recruiters in these deemed engineering institutes include:

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 Resources 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 for Marketing
• Top MBA Colleges in Madhya Pradesh for Information Technology
• Top MBA Colleges in Madhya Pradesh for Operations Management
• Top MBA Colleges in Madhya Pradesh for Retail Management

Top MBA Colleges in Madhya Pradesh: FAQs