MBA Colleges In Indore 2023

MBA, or Master of Business Administration, is a higher education certification that focuses on managerial abilities as well as other vital business-related fields such as accounting, marketing, finance, operations management, and human resources. PGDM (Post Graduate Diploma in Management) is an equivalent qualification to an MBA provided by numerous Indian colleges. Both of these credentials are provided by several institutes and have been on the rise over the previous decade. Their popularity stems from the multiple job choices they offer. MBA students can pursue a variety of specialities, including financial management, marketing management, human resource management, and media management.

MBA/PGDM programs typically last two years and are divided into four semesters. Some colleges may also maintain tri-semester schedules. Individuals are selected for MBA programs through admission examinations, group discussions, and personal interviews. Entrance tests are required for admission to all elite colleges. The most well-known MBA/PGDM entry tests are the CAT, MAT, XAT, and CMAT.

Many states in India offer excellent MBA programs, including Madhya Pradesh. Some of the most excellent MBA colleges in the state may be found in Indore, a major city. Admission to the MBA colleges in Indore is based on the results of MBA entrance exams, which are followed by a GD/ PI round. NIRF 2021 ranks Indian Institute of Management – IIM Indore sixth among the Top MBA colleges in India, and it is the best MBA college in Indore. Top MBA colleges in Indore accept scores from a variety of national or state-level entrance exams, including MAT,  CAT, XAT, CMAT,  ATMA, MPMET, NMAT, DAVV CET,  SNAP, ACET, and others. Some of the MBA colleges in Indore without entrance exam include Oriental University, SAGE University, and IIBS Indore.  Top MBA colleges in Indore with Fees structure range between INR 60,000 and 8.68 Lakhs. The MBA colleges in Indore with low fees are VGI Indore, GSIMR Indore, and IIM Indore. IMS DAVV, IIM Indore, and PIMR Indore are among the best MBA placement colleges in Indore. The average placement package provided by the best MBA colleges in Indore ranges from INR 23 to 27 LPA. 

In this post, we will look at all of the institutions in Indore that offer MBA/PGDM programs, and all the relevant information about them.

Highlights: MBA Colleges in Indore

Parameters	Particulars/Statistics
No. of MBA colleges in Indore	Approximately 100 MBA colleges in Indore
Fees	-Annual Fees < Rs 1 lakh: 18%-Annual Fess Rs1-2 lakh: 43%
Top Specialisations	Finance, Sales and Marketing, HR, IT and Systems, Operations, International Business, Business Analytics
Admission Process	-Entrance Based: CMAT, CAT, MAT, XAT, ATMA, DAVV CET, NMAT, SNAP, etc.
Top MBA colleges in Indore	IIM Indore

Top MBA Colleges in Indore (NIRF 2021 Ranking)

NIRF is a popular site in India and among students for viewing the rankings of their favourite colleges in many educational areas. NIRF was founded and debuted in September 2015, and it has since provided rankings to numerous institutions in various fields.

The Ministry of Human Resource Development manages this government website. It rates 100 institutions from throughout India that provide various management degrees in the management field.

The following is a list of MBA colleges in Indore based on their NIRF 2020 ranking: -

Name of the College	NIRF 2020 Score	NIRF 2020 Rank
Indian Institute of Management Indore	69.04	7

Top MBA/PGDM Colleges in Indore with rating-

IIM Indore and PIMR, Institute of Business Management & Research, are two of the leading MBA institutes in Indore. Indore, Madhya Pradesh's education centre, is home to 87 of India's most famous MBA institutions. Indore has 79 private MBA colleges and 7 government MBA colleges. The finest MBA institutions in Indore are AICTE-approved and provide degrees in a variety of MBA specialities such as finance, marketing, human resource management, information technology, and so on. The top MBA colleges in Indore are given below. The rating is determined through research and feedback.

Name of the college	Rating
Indian Institute of Management (IIM Indore)	AAAAA
Institute of Business Management and Research, IPS academy	AAA
Institute of Management Studies Devi Ahilya University	AAA
Jaipuria Institute of Management	AA+
Prestige Institute of Management and Research	AA+
Sanghvi Institute of Management and Science	AA

MBA Colleges in Indore with Fees Structure

Some MBA colleges in Indore are relatively pricey, while others are reasonably priced. MBA is an expensive education in India, yet students choose it since the income packages after graduation are fairly excellent if you attend one of the reputable universities.

In general, the fees are determined by the facilities and amenities provided by the college. Aside from that, it is chosen how much effort they put into delivering education to kids. All of the best MBA colleges in Indore with low fees and high fees are listed here.

Name of the College	Fees
Indian Institute of Management	Rs. 5.50 lakhs – 21 Lakhs p.a. (Approx.)
Institute of Business Management and Research, IPS academy	Rs. 1.04 lakhs – 1.71 Lakhs p.a. (Approx.)
Institute of Management Studies Devi Ahilya University	Rs. 1.20 lakhs – 2.96 Lakhs p.a. (Approx.)
Jaipuria Institute of Management	Rs. 7.25 Lakhs p.a. (Approx.)
Prestige Institute of Management and research	Rs. 0.60 - 4.59 Lakhs p.a. (Approx.)
Sanghvi Institute of Management and Science	Rs. 1.30 lakhs – 4.20 Lakhs p.a. (Approx.)
Narsee Monjee Institute of Management Studies	Rs. 7.54 lakhs – 14.50 Lakhs p.a. (Approx.)

MBA Colleges in Indore with Low Fees

There are some MBA colleges in Indore that charge lower fees on average than many other top MBA colleges in India. Here is the list of MBA Colleges in Indore with low Fees which is given below:

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

MBA Institutions in Indore and their Placement Opportunities-

As previously said, MBA/PGDM programs offer excellent job chances. Most students enrol in an MBA program because of the pay they would get. Many prestigious institutions encourage big corporations to recruit their pupils. Even for an ordinary college, the starting salary is 3 lakhs. The maximum package might even reach 60 lakhs per year.

We have included all of the MBA institutions in Indore and their placement prospects below.

Name of the College	Placement Packages(Median Package)	Top Recruiters
Indian Institute of Management	Rs. 19.40 Lakhs p.a. (Approx.)	The Boston Consulting Group, PwC, Goldman Sachs, JP Morgan Chase & Co., American Express, HUL, Asian Paints, Google, Amazon, and ITC.
Institute of Business Management and Research, IPS academy	Rs. 4.65 Lakhs p.a. (Approx.)	Blue Dart, Cease Fire, HDFC Bank, Future Group, ICICI Bank, Justdial.
Institute of Management Studies Devi Ahilya University	Rs. 4.00 Lakhs p.a. (Approx.)	Deloitte, ACC, Aditya Birla Group, ICICI, Mahindra, Nestle, ITC, Dainik Bhaskar, and Reliance Mobile.
Jaipuria Institute of Management	Rs. 5.30 Lakhs p.a. (Approx.)	Amazon, Deloitte, HDFC Bank, Colgate, Palmolive, E&Y, Genpact, ITC, Asian Paints, Philips, Landmark, Force Motors, Reckitt Benckiser, GSK, Mahindra, and Mahindra, Zomato,
Prestige Institute of Management and Research	Rs. 4.00 Lakhs p.a. (Approx.)	Asian Paints, Axis Bank, Berger Paints, Coca-Cola, Deloitte, Genpact, HDFC Bank
Sanghvi Institute of Management and Science	Rs. 4.80 Lakhs p.a. (Approx.)	Aegon Religare, Angel Broking, Axis Bank, ICICI, Jet Airways, Just Dial, Kotak Securities, Mphasis, NIIT, Reliance Digital, Shoppers Stop, TVS Group
Narsee Monjee Institute of Management studies	Rs. 17.79 Lakhs p.a. (Approx.)	TCS, Microsoft, ICICI Bank, Newgen and Eduonix, Federal Bank, ICICI Bank, RedDot entertainment.

MBA colleges in Indore with Entrance Exam-

Entrance examinations are quite important for all MBA programmes in India. Many national level examinations, state-level exams, and institution-based exams are recognised by MBA programmes. CAT, MAT, XAT, and CMAT are some well-known tests.

All the top MBA colleges with entrance exams are listed below-

Name of the Colleges	Entrance exam
Indian Institute of Management	IPMAT, CAT, GMAT (Further they also conduct written aptitude test {WAT} and research aptitude test {RAT})
Institute of Business Management and Research, IPS academy	CMAT, ATMA, CAT, XAT, MAT
Institute of Management Studies Devi Ahilya University	CMAT
Jaipuria Institute of Management	CMAT, CAT, XAT, MAT, ATMA
Prestige Institute of Management and research	CMAT
Sanghvi Institute of Management and Science	CMAT
Narsee Monjee Institute of Management Studies	NMIMS - NPAT

MBA Colleges in Indore without Entrance Exam

Many top MBA colleges in Indore use national level MBA entrance exams to select students, and some private colleges/universities conduct self-entry exams for students who wish to enrol. The candidate who did not gain admission to colleges for a specific course through entrance exams or examinatin scores. Top Private MBA colleges in Indore have seats reserved for direct entry through management quota seats in interested courses, and students must meet the government’s eligibility criteria. Here is the list of MBA colleges in Indore without Entrance Exam which is given below:

• Symbiosis University of Applied Sciences
• Malwa Institute of Technology
• Sanghvi Institute of Management & Science
• Shri Govindram Seksaria Institute of Technology and Science
• Shri Vaishnav Institute of Technology & Science
• Indore Institute of Science & Technology
• Lakshmi Narain College of Technology and Science Indore
• Venkteshwar Institute of Technology
• Sanghvi Innovative Academy
• SAGE University
• Prestige Institute of Management
• Prestige Institute of Management and Research
• PMB Gujarati Commerce College
• Pioneer Institute of Professional Studies

Government MBA Colleges in Indore

There are more than 87 MBA colleges in Indore out of which  79 private MBA colleges in Indore and 7 government MBA colleges in Indore.  The government MBA colleges in Indore provide excellent placement opportunities and a high return on investment (Return of Investment). The average annual fees for some of the Government MBA colleges in Indore are listed below.

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

MBA in Finance Colleges in Indore Which College is Best for MBA in Finance in Indore?

MBA in Finance Colleges in Indore

1. NMIMS University, Indore
2. Prestige Institute of Management and Research (PG Campus) Indore.
3. Acropolis Institute of Technology and Research Indore.
4. Indore Institute of Management and Research Indore.
5. Symbiosis University of Applied Sciences Indore.
6. Medi-Caps University Indore.

MBA in Foreign Trade Colleges in Indore

1. Jaipuria Indore – Jaipuria Institute of Management Indore. 
2. Prestige Institute of Management and Research (PG Campus) Indore. 
3. Devi Ahilya Vishwavidyalaya, Takshashila Campus Indore. 
4. IPS Academy Indore. 
5. Renaissance University Indore. 
6. Shri Vaishnav Vidyapeeth Vishwavidyalaya Indore.

MBA in HR Colleges in Indore

1. Bharati Vidyapeeth Deemed University, [BVDU] Pune
2. Acropolis Technical Campus, Indore
3. Devi Ahilya Bai University, Indore
4. MediCaps Institute of Technology and Management, [MITM] Indore

Part time MBA colleges in Indore

1. Prestige Institute of Management and Research (PG Campus) Indore. 
2. Devi Ahilya Vishwavidyalaya, Takshashila Campus Indore. 
3. Shri Vaishnav Institute of Management Indore.
4. VNS Group of Institutions Bhopal. 
5. AKS University Madhya Pradesh
6. College of Material Management Jabalpur.

Admission Process for the MBA colleges in Indore- 

1. The student must pass their 10+2 examination in any topic, after which they must complete their bachelor's degree, which they can accomplish in any area, and then apply for the admission tests. Various admission tests are accepted by some colleges. As a result, a student should take at least four to five MBA-related admission tests, such as the CAT, XAT, CMAT, MAT, and ATMA.

2. After the results are revealed, each institution releases their cutoff, and students may be admitted to their favourite colleges if they score a minimal cutoff or greater dependent on the college. Each college has a maximum of five rounds for accepting students.

3. After passing the cutoff criterion, students must do Personal Interviews and group discussions. The admission offer is made by the college based on the cutoff, personal interviews, and group discussions.

4. If the student passes all of the rounds, they must pay the fees and perform other necessary tasks.

ROI of Top MBA Colleges in Indore

MBA universities in Indore offer quality schooling with high placements. MBA in Indore is a decent decision since you have great choices in Indore with quality training at a low fee, exceptional yield on speculation (ROI). Refer to the table below to know the best universities for MBA in Indore with the typical yearly fee and normal placement package:

Name of the Institute	Course fee (in Rs)	Average Placement Package (in Rs)
Indore Institute of Management and Research	1.22 L	3.5 LPA
IIM Indore	15.01 L – 26 L	19.4 LPA – 22 LPA
NMIMS University, Indore	13.82 L – 14.54 L	6.5 LPA – 7.5 LPA
Indore Indira Business School	3.6 L	2 LPA
Symbiosis University of Applied Sciences	11.3 L	4.6 LPA
Prestige Institute of Management and Research	2.38 L	4 LPA

FAQs

1.Are the MBA colleges of Indore approved by the authorities?

Ans. Almost all of Indore's MBA colleges have been approved and recognised by the UGC and other relevan authorities.

2.What is the eligibility for an MBA program in MBA colleges in Indore?

Ans. Candidates interested in pursuing an MBA should have completed their bachelor's degree in any discipline. The majority of MBA programmes adhere to the minimum graduation score criteria of 50% on average or equivalent. The minimum percentage requirement for reserved category students is 45 percent in aggregate. Candidates in their final year of high school are also eligible to apply for an MBA programme if they can show proof of completion within the time frame specified by the college.

3. Which college is better for MBA in Indore?

Ans. Based on reputed Rankings, Top 5 MBA colleges in Indore are:

• IIM Indore.
• IMS-Devi Ahilya Vishwavidyalaya, Indore.
• School of Commerce-Devi Ahilya Vishwavidyalaya, Indore.
• SUAS Indore.
• Jaipuria Institute of Management, Indore.

4. Which college has highest placement in Indore?

Ans. IIT Indore is the top engineering college in Indore as per NIRF Ranking 2022. The Institute dropped 3 places compared to 2021.

5. Is Sage University Indore good for MBA?

Ans. Yes, SAGE University is good for MBA. SAGE University Indore offers a two-year MBA. To apply for the MBA, the candidate must have a Bachelor's degree with a minimum of 50% aggregate and must have passed the SEE 2022 exam. The course fees of the MBA range from INR 1.2 lakh to INR 3.44 lakh.

6. Which private college is best for MBA in Indore?

Ans. Private MBA Colleges in Indore 2022

• Pioneer Institute of Professional Studies, Indore. 
• Oriental University, Indore. 
• PCST Indore - Patel College of Science and Technology. 
• IIBS Indore - Indore Indira Business School. 
• VITS Indore - Vindhya Institute of Technology and Science. 
• Indore International College, Indore.

7. What is the fees of Sage University Indore?

Ans. Sage University Courses and Eligibility Criteria

Course Name	Total Fees
M.E./M.Tech	Rs. 80,000- Rs. 2.70 lakhs
M.B.A.	Rs. 1.20 lakhs- Rs. 1.80 lakhs
M.A.	Rs. 60,000- Rs. 1 lakh
M.C.A.	Rs. 90,000

8. How can I get admission in MBA?

Ans. How to get admission in MBA programs. To gain a place on an accredited MBA course you'll have to go through a rigorous application process, as well as provide evidence of an undergraduate degree and relevant work experience. You'll also need to submit an admissions essay and GMAT (or in some cases GRE) scores.

9. Which MBA specialization is best?

Ans. 7 MBA Specializations to Enhance Your Professional Career

• MBA in Accounting. An MBA in Accounting prepares graduates to measure, analyze, interpret, and communicate economic data. 
• MBA in Analytics Intelligence. 
• MBA in Healthcare Management. 
• MBA in Human Resources Management.
• MBA in Finance. 
• MBA in Management. 
• MBA in Marketing.

10. Is it easy to pass MBA?

Ans. Earning an MBA is a challenging and rewarding experience, helping you reach new professional and personal heights. Furthermore, different students will find varying aspects of the program to be more difficult than others. What may be easy for one student may be difficult for another.

11. What is the salary after MBA?

Ans. MBA Salary in India based on Experience

An MBA professional in India can earn a starting salary of Rs. 10-12 lakhs per year. The average starting salary for an MBA graduate in India is Rs. 9 lakhs per year.