Indore has positioned itself as an educational and commercial hub of Madhya Pradesh and is a prime location for pursuing management education. The city is home to the Best MBA College in Indore, like the Indian Institute of Management (IIM) Indore, which provides a Great ecosystem for MBA Colleges in Indore. Top MBA Colleges in Indore have good placement opportunities for students because of the affordable MBA Fees, emerging corporate hospitals, and industries around the city.
Aside from IIM, other institutes like Devi Ahilya Vishwavidyalaya also provide a rich culture that makes it one of the popular options to pursue an MBA from. Government and private MBA Colleges in Indore List offer a range of corporate specialized programs such as finance, marketing, and human resource services.
Top 10 MBA Colleges in Indore
The Top 10 MBA Colleges in Indore are reputed on the basis of their academic and infrastructural excellence, and also provide good employment opportunities to students. The table below displays some of the key metrics available from NIRF 2024 rankings and other metrics.
|
College name |
Fees Structure |
NIRF Ranking 2024 |
Entrance exam |
|
IIM Indore |
21,17,000 |
8 |
CAT |
|
Prestige Institute of Management and Research (PIMR) |
3,18,000 |
41 |
CMAT |
|
Jaipuria Institute of Management |
8,95,000 |
Not Ranked |
CAT/CMAT/XAT/MAT |
|
Institute of Management Studies (IMS), DAVV |
1,20,000 |
Not Ranked |
CMAT |
|
SAGE University |
1,50,000 |
Not Ranked |
Merit-Based |
|
Acropolis Faculty of Management |
1,70,000 |
Not Ranked |
CMAT |
|
Indore Management Institute |
2,40,000 |
Not Ranked |
CMAT |
|
Shri Vaishnav Institute of Management |
1,40,000 |
Not Ranked |
CMAT |
|
Medi-Caps University |
2,00,000 |
Not Ranked |
Merit-Based |
|
Renaissance University |
1,60,000 |
Not Ranked |
Merit-Based |
Top MBA Colleges in Indore offer fees ranging from INR 1.2 lakh to INR 21.17 lakh, but IIM Indore leads in terms of placement and ranking.
The table below lists the five Best Private MBA colleges in Indore, known for their industry-oriented programs and placement support.
Best Private MBA Colleges
The table below lists the five Best Private MBA colleges in Indore, known for their industry-oriented programs and placement support.
|
College Name |
Fees Structure |
Entrance Exam |
Average Package |
|
Prestige Institute of Management and Research |
3,18,000 |
CMAT |
7.39 |
|
Jaipuria Institute of Management |
8,95,000 |
CAT/CMAT/XAT/MAT |
6.50 |
|
SAGE University |
1,50,000 |
Merit-Based |
5.50 |
|
Acropolis Faculty of Management |
1,70,000 |
CMAT |
5.00 |
|
Medi-Caps University |
2,00,000 |
Merit-Based |
5.50 |
These are the Top MBA Colleges in Indore with a fee structure in the private sector that emphasize practical learning and corporate connections.
Government Colleges with MBA Programs
These are The Top MBA Government Colleges with a quality education system and Good Placement records.
|
College Name |
Fees Structure |
Entrance Exam |
Seats |
|
IIM Indore |
21,17,000 |
CAT |
450 |
|
Institute of Management Studies, DAVV |
1,20,000 |
CMAT |
120 |
|
Shri GS Institute of Technology & Science (SGSITS) |
1,50,000 |
CMAT |
60 |
|
Shri Atal Bihari Vajpai Govt Arts and Commerce College |
80,000 |
CMAT |
60 |
The MBA Colleges in Indore List includes government institutions with the lowest fees being 80,000 INR, which is fairly reasonable for students.
Admission Process & Eligibility
The admission procedure for MBA Colleges in Indore can be different according to the College. The candidates are required to have a bachelor's degree with at least 50 percent marks (45% for SC/ST/OBC) from any recognized university. For Top MBA Colleges in Indore, admission is generally offered based on the score secured in the state or national level entrance examination, such as CAT, CMAT, MAT, XAT, ATMA, etc. Indore IIM has also prescribed CAT as a mandatory requirement along with a WAT and a Personal Interview (PI). Other colleges, for example, SAGE University, offer admissions based on merit, which is done through the following steps:
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An online registration through the official portal of the college or DTE Madhya Pradesh.
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Submission of academic records and result of the entrance examination.
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Engagement in group discussions (GD) and personal interviews (PI) for selected candidates.
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Confirmation of admission fee payment.
-
Final-year students are welcome to apply if they meet the requirements.
Placement Statistics
IIM Indore dominates all other colleges, claiming an average package of INR 25.68 LPA and INR 100 LPA(highest) in 2023. Similarly, Prestige Institute of Management and Research claims an Average package of 7.39 LPA from Companies like Deloitte, HDFC Bank, and Cognizant.
Jaipuria Institute also boasts an INR 6.5 LPA with Asian Paints and HCL-like companies. Private colleges like Acropolis and Medi-Caps report an average INR of 3.5 LPA.
But, Government colleges like IMS and DAVV also offer an average placement package of INR 3.5 LPA, with a high return on investment due to low fees. Private colleges like Acropolis and Medi-Caps attract firms like Infosys and Capgemini, with averages around INR 5–5.5 LPA. MBA Colleges in Indore ensure robust industry connections for career success.
How to Choose the Right College?
Selecting the Best MBA College in Indore requires evaluating key factors:
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Accreditation: Ensure the university you selected is AICTE/UGC approved or not.
-
Placements: Compare average packages of Top Universities (e.g., IIM Indore: INR 25.68 LPA vs. IMS, DAVV: INR 3.5 LPA).
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Fees vs. ROI: Check MBA fees in Top Colleges and then compare them with the average package they provide.
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Specializations: Choose colleges offering preferred fields like finance, marketing, or HR.
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Infrastructure: Look for modern facilities, faculty expertise, and industry exposure.
Research rankings, alumni feedback, and campus facilities to align with your career goals.
Industry exposure, as well as teaching ranks and alumni reviews of the teaching institutions and facilities, should serve the student and assist career advancements.
FAQ
Which is the best MBA college in Indore?
IIM Indore is the Best MBA College in Indore, ranked 8th by NIRF 2024, with an average package of INR 25.68 LPA.
What are the cheapest MBA options in Indore?
Shri Atal Bihari Vajpai Govt Arts and Commerce College (INR 80,000) and IMS, DAVV (INR 1.2 lakh) are among the most affordable MBA Colleges in Indore.
Can I pursue an MBA without CAT in Indore?
Yes, colleges like SAGE University and Renaissance University offer merit-based admissions without requiring CAT or other entrance exams.
What specializations can be pursued in the MBA colleges of Indore?
The best MBA colleges in Indore provide specialization options, including finance, marketing, human resources, business analytics, and operations.
Are there online options for an MBA in Indore?
Yes. IMS, DAVV, and IGNOU offer online or distance MBA programs with a minimum fee of INR 50,000.
