Top MBA Colleges in Indore: Rankings, Fees, Admissions, Courses, Placements 2024

Content Curator | Updated On - Mar 28, 2024

The top MBA colleges in Indore are the Indian Institute of Management Indore, the Institute of Business Management and Research, and Prestige Institute of Management and Research, etc. Indore has about 87 prestigious MBA colleges in India of which 79 are private and 7 are government colleges. The city is known as the education hub situated in Madhya Pradesh.

IIM Indore is ranked 8 among the best MBA colleges in India by NIRF rankings and is the best MBA college in Indore.
VGI Indore and GSIMR Indore are the best MBA colleges in Indore with low fees
Oriental University, IIBS, and SAGE University are some of the best colleges for MBA in Indore without entrance exams.

Check the Top MBA Colleges in India

Table of Content

Top MBA Colleges in Indore: Highlights
Top MBA Colleges in Indore: Entrance Exam Schedule
Top 10 MBA Colleges in Indore
Top MBA Colleges in Indore: NIRF Ranking 2023
Top Private MBA Colleges in Indore
Top Government MBA Colleges in Indore
Top MBA Colleges in Indore: Placements
FAQs

Top MBA Colleges in Indore: Highlights

Indore is popularly known as the “Mumbai of MP” and “the clean city”. It is home to 87 MBA colleges that offer specializations in finance, marketing, operations, etc. The average package for MBA in Indore has seen an increase of 20.8% in 1 year. CMAT, CAT, MAT, XAT, and ATMA are the widely accepted entrance tests for MBA in Indore.

Parameters	Particulars
No. Of MBA Colleges	87
Average MBA Course Fees(INR)	INR 31,000 - INR 35,00,000
Top Specialisations	Finance, Marketing, Human Resource, Operations, Accounting, etc.
Entrance Exams	CMAT, CAT, MAT, XAT, and ATMA
Average Package(INR)	INR 30,21,000 LPA
Top Recruiters	Deloitte, ICICI Bank, Mahindra Finance, Flipkart, Reliance, SBI Life, Axis Bank, Yes Bank, TCS, IBM, Infosys, Capgemini, Cognizant

Top MBA Colleges in Indore: Entrance Exam Schedule

Candidates must appear for entrance exams like CMAT, CAT, MAT, XAT, and ATMA to secure admission to an MBA college. They must also meet the minimum eligibility criteria.

The following table has the exams and their respective dates for 2024:

Exam Name	Exam Dates
CAT	24 November 2024
XAT	7 January 2024
MAT	10 March 2024
CMAT	May 2024
ATMA	18 February 2024, 11 May 2024, 23 June 2024, 21 July 2024

Top 10 MBA Colleges in Indore

Following are the top 10 MBA Colleges in Indore along with their total fees and seat intake capacity:

College Name	Total Fees(INR)	Seat Intake
Indian Institute of Management - [IIM], Indore	INR 35,00,000	212
Prestige Institute of Management and Research - [PIMR], Indore	INR 2,70,000	900
Jaipuria Institute Of Management, Indore	INR 11,80,000	180
Indore Management Institute and Research Centre - [IMI], Indore	INR 1,40,000	660
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore	INR 14,30,000	180
Institute of Business Management & Research - [IBMR], Indore	INR 2,30,000	300
International Institute of Professional Studies	INR 81,822 (1st Year Fees)	120
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore	INR 1,80,000	720
BM College of Management and Research - [BMCMR], Indore	INR 99,000	60
CH Institute of Management & Commerce - [CHIMC], Indore	INR 3,45,000	162
Shri Govindram Seksaria Institute of Technology and Science (SGSITS)	INR 1,50,000	120

Top MBA Colleges in Indore: NIRF Ranking 2023

The National Institutional Ranking Framework (NIRF) is a methodology adopted by the Indian government to rank the top educational institutions in India based on various parameters. It operates under the Ministry of Education and publishes ranking lists every year for different domains. NIRF is considered the most trustworthy and popular ranking agency in India.

Following is a table showing the NIRF ranking of top MBA colleges in Indore for the past 2 years:

College Name	NIRF Ranking 2023	NIRF Ranking 2022
Indian Institute of Management, Indore	8	7
Jaipuria Institute of Management, Indore	101-125	101-125

Top Private MBA Colleges in Indore

Private colleges are best known for a more personal learning experience and offer better industry connections and networking opportunities. They have excellent placements and better infrastructure.

There are a total of 79 private colleges from which the Top Private MBA Colleges in Indore

are listed below with their total course fees and admission process:

College Name	Total FeesINR)	Admission Process
Prestige Institute of Management and Research - [PIMR], Indore	INR 2,70,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CMAT
Jaipuria Institute Of Management, Indore	INR 11,80,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: MAT, XAT, CAT, CMAT
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore	INR 14,30,000	Eligibility: Undergraduate Degree with 50% aggregate 10+2 with 45% aggregate Entrance Exam: NMAT, NMIMS CET
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore	INR 1,80,000	Eligibility: Undergraduate Degree with 45% aggregate 10+2 with 50% aggregate Entrance Exam: CUET-PG, CUET
BM College of Management and Research - [BMCMR], Indore	INR 99,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CMAT

Top Government MBA Colleges in Indore

Government colleges are the best and therefore have higher fee structures. They offer excellent placement packages with good ROI, faculty, and resources.

There are a total of 7 are government colleges, out of which the Top Government MBA Colleges in Indore are listed below with their total fees and admission process:

College Name	Total Fees(INR)	Admission Process
Indian Institute of Management - [IIM], Indore	INR 35,00,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT, IPMAT
Shri Govindram Seksaria Institute of Technology and Science (SGSITS)	INR 1,50,000	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CMAT
Dr. B. R. Ambedkar University of Social Sciences, Indore	INR 60,980	Eligibility: Undergraduate Degree with 50% aggregate Entrance Exam: CAT, MAT, XAT, CMAT, ATMA
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore	INR 2,70,000	Eligibility: Undergraduate Degree with 45% aggregate 10+2 with 45% aggregate Entrance Exam: CMAT, CUET-PG, CAT, CUET, MP Vyapam, MAT, XAT, ATMA, CBSE 12th, MPBSE 12th
International Institute of Professional Studies	INR 81,822 (1st Year Fees)	Eligibility: Undergraduate Degree Entrance Exam: CAT, MAT, XAT, CMAT, ATMA

Top MBA Colleges in Indore: Placements

Check out the table below for a comprehensive list of the leading colleges, their average placement package, and the notable recruiters associated with them.

College Name	Average Placement Package	Prominent Recruiters
Indian Institute of Management, Indore Placement	INR 22,00,000 LPA	Infosys, ICICI Bank, Airtel, HDFC Bank, Reliance, TATA International, Oppo, etc.
NMIMS University Placement	INR 12,50,000 LPA	TCS, Infosys, Capgemini, HCL Technologies, Bosch, EY, KPMG, Tata, Amazon, Flipkart, Mahindra Logistics, DHL, etc.
Prestige Institute of Management and Research - [PIMR], Indore Placement	INR 4,41,000 LPA	Deloitte, ITC, TCS, Kotak Mahindra Bank, PayTM, Aditya Birla Fashion & Retail, etc.
Jaipuria Institute of Management, Indore Placement	INR 11,00,000 LPA	Amazon, Accenture, Deloitte, ITC, HDFC Bank, KPMG, Blue Star, Titan, L&T Finance, etc.

FAQs

Ques. Which institute is best for an MBA in Indore?

Ans. Indian Institute of Management, (IIM) Indore is the best college for MBA. It ranked 8 on the NIRF rankings in 2023

Ques. Which MBA specialisation is the highest paid?

Ans. Finance and investment banking have the highest-paying jobs for MBA graduates, followed by business analytics and IT management.

Ques. What are the top 5 MBA colleges in Indore?

Ans. The top 5 MBA colleges in Indore are:

Indian Institute of Management, Indore
Prestige Institute of Management and Research - [PIMR], Indore
Jaipuria Institute Of Management, Indore
Indore Management Institute and Research Centre - [IMI], Indore
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore

Ques. Which MBA college has the best placement in Indore?

Ans. Indian Institute of Management, Indore offers the highest placement packages in Indore that is INR 22,00,000 LPA - INR 27,00,000 LPA, followed by NMIMS University at INR 12,00,000 LPA.

Ques. Can I pursue an MBA without entrance tests?

Ans. Yes, some colleges offer direct admissions without entrance exams. Oriental University, IIBS Indore, and SAGE University are some of the colleges that don’t require entrance exams.

Ques. What is the eligibility for an MBA in Indore?

Ans. Candidates must have a UG degree with a minimum of 50% marks for most colleges. Most colleges accept entrance exams like CMAT, CAT, MAT, XAT, and ATMA etc. Executive MBA programs require work experience along with academics.

Ques. What entrance tests should candidates take for admission to an MBA?

Ans. Most colleges require candidates to appear for entrance tests while applying for the MBA program. The entrance tests accepted in Indore are listed below:

CMAT (Common Management Admission Test)
CAT (Common Admission Test)
MAT (Management Aptitude Test)
XAT (Xavier’s Admission Test)
ATMA (AIMS Test for Management Admission)

Ques. What are the average MBA course fees in Indore?

Ans. The average MBA course fees in Indore ranges from INR 31,000 - INR 35,00,000.

Ques. Which fields offer the highest salary for an MBA?

Ans. Finance and investment banking have the highest-paying jobs for MBA graduates, followed by business analytics and IT management.

Ques. How many types of MBA programs are there?

Ans. There are 6 main types of an MBA course, namely, full-time, part-time, online or distance, flexible, global, and executive.

Ques. How much does a 2-year MBA course cost?

Ans. A 2-year MBA course costs something between INR 90,000 to INR 25,00,000.

Ques. Which MBA specializations have the most jobs in 2024?

Ans. MBA in Human Resource Management has the most jobs followed by MBA in Business Analytics and MBA in IT Management.

Ques. How many times can I appear for the CAT exam?

Ans. CAT takes place once every year. Candidates can apply and appear for the test, there is no restriction on the number of attempts and no age limit.

Ques. What is the CAT exam fee?

Ans. The CAT exam fee is INR 2,400 for the General category and INR 1,200 for the Reserved category.

Ques. What are the top MBA specializations in Indore?

Ans. Finding the right specialisation is key to finding a good job after graduation. In Indore, the top specializations are Finance, Marketing, Human Resource, Operations, and Accounting.