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Top MBA Colleges In Bhopal

Top MBA Colleges In Bhopal

Around 100 MBA colleges are situated in Bhopal. Out of the total MBA colleges in Bhopal, around 90 per cent of the colleges are owned by private organisations while bare seven per cent are funded by the Government

 Saurav Anand
 Saurav Anand 14/03/2022
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Top MBA Colleges In Bhopal

Bhopal is the home of many prestigious universities, and has the highest number of Institutions of National Importance

Around 100 MBA colleges are situated in Bhopal. Out of the total MBA colleges in Bhopal, around 90 per cent of the colleges are owned by private organisations while bare seven per cent are funded by the Government. Nearly, two per cent of the remaining MBA colleges in Bhopal receive funding from both Government as well as endowments along with other private sources.

MBA or Masters of Business Administration is one of the most popular postgraduate programmes in Bhopal. The two-year programme is a gateway to multiple managerial level job opportunities such as Finance Manager, Sales Manager, Marketing Manager, etc. This course curriculum is designed to impart knowledge related to operations of a business and managing the business operations. Students across streams including Science, Arts, and Commerce can pursue MBA degree courses. Besides the full-time mode, candidates can pursue the course delivered as an online MBA, executive MBA, distance MBA, PGDM/part-time MBA, etc.

An MBA professional is expected to possess qualities such as communication skills, leadership, problem-solving, critical thinking, etc. MBA colleges in Bhopal accept national, state, and university level entrance exams such as CAT, CMAT, ATMA, MET, AJEE, XAT, etc.

MBA colleges in Bhopal, including their admissions requirements, placements, cutoffs, and fee structures are mentioned below. These facts can assist you in selecting the top MBA Colleges in Bhopal

List of Top Private and Government MBA Colleges in Bhopal:

Top Mba Colleges In Bhopal (Private)

Sl No.MBA CollegeType of MBA College
1Indian Institute of Management, Ahmedabad (IIMA)Central Govt. Created IIM
2MICA AhmedabadAICTE Approved PGDM College
3IRMA AnandAICTE Approved PGDM College
4Institute of Management, Nirma University (IMNU), AhmedabadMBA college of Nirma University
5Entrepreneurship Development Institute of India - EDII AhmedabadAICTE Approved PGDM College
6Amrut Mody School of Management (AMSM) - University of AhmedabadAhmedabad University MBA College
7Adani Institute of Infrastructure Management (AIIM) AhmedabadAICTE Approved PGDM College
86IIM Indore
911MDI Gurgoan – Management Development Institute
101IIM Ahmedabad

Top MBA Colleges in Bhopal (Government)

College NameExamCutoff
Jaipuria Institute of Management, IndoreXAT60
Indian Institute of Management (IIM), IndoreCAT97

Top MBA Colleges in Bhopal (Eligibility Criteria)

The requirements for a full-time MBA degree programme may vary between universities. However, the following are the core requirements for pursuing an MBA degree:

  • Candidates who have completed a bachelor’s degree from a recognised university/institute are eligible to take the course. MBA qualifying criteria are not restricted by discipline or stream; individuals from all streams are eligible to apply.
  • Minimum Score Requirement: Some institutes may have a minimum score requirement as a qualifying condition. Several institutes consider an applicant eligible if he or she has a minimum aggregate of 50% (UR category) or 45% (non-UR category) (reserved category).
  • Work Experience: While most colleges do not demand it, previous work experience will get you top marks during the MBA selection process.
College/ University NameAverage Annual Fees
Prestige Institute of Management and Research - [PIMR], IndoreINR 1,19,500
Institute of Business Management & Research - [IBMR], IndoreINR 1,15,000
Prestige Institute of Engineering Management and Research - [PIEMR], IndoreINR 1,57,000
Shri Vaishnav Institute of Management - [SVIM], IndoreINR 73,620
CH Institute of Management & Commerce - [CHIMC], IndoreINR 58,000
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], IndoreINR 2,77,000
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], IndoreINR 63,211
International Institute of Professional Studies - [IIPS], IndoreINR 81,822
BM College of Management and Research - [BMCMR], IndoreINR 55,000
Pioneer Institute of Professional Studies - [PIPS], IndoreINR 1,28,500

Top MBA Colleges in Bhopal (Admission Process)

It is importanat to understand the college admissions process in detail. Candidates who want to enrol into the best MBA colleges in Bhopal should look into the process ahead of time. The following is the basic admission process for MBA colleges in Bhopal: 

  • On the college’s official website, you can apply for admission.
  • Attend the specific college’s entrance exam or a national level entrance exam accepted by the college.
  • Those who have been selected based on their entrance exam scores are invited to participate in the counselling process.

Top MBA Colleges in Bhopal (Fee Structure)

Private CollegesCourse Fee (in Rs)
XLRI Xavier School of Management, Jamshedpur23.60 L
MDI Gurgaon21.34 L
NITIE, Mumbai11.33 L
SPJIMR, Mumbai17.87 L
Symbiosis Institute of Business Management, Pune10.20 L
SVKM’s Narsee Monjee Institute of Management Studies10.42 L
Great Lakes Institute of Management, Chennai11.81 L
Indian Institute of Foreign Trade, Delhi8.85 L
International Management Institute, Delhi18.34 L
ICFAI Business School, Hyderabad14.14 L

Top MBA Colleges In Bhopal ( Top Recruiters for MBA Graduates)

Name of the collegeMedian SalaryTop Recruiters coming to the college
Indian Institute of Management, BangaloreRs 28.60 LPA (Source: IIM Bangalore placement report)Urban Clap

Aditya Birla Group


JP Morgan

Asian paints

American Express
Indian Institute of Management, CalcuttaRs 27.67 LPA (Source: IIM Kolkata placement report)Dabur





Viacom 18
Indian Institute of Management, AhmedabadRs 25 LPA (source: IIM Ahmedabad placement report 2020)Airtel





Indian Institute of Management, LucknowRs 23.5 LPA (Source: IIM Lauknow placement report)Axis Bank





Indian Institute of Technology, Kharagpur17.12 LPA (Source: VGSOM Placement Report)UBS



EXL Services


Morgan Stanley

MBA Specialisations Offered in Bhopal

In Bhopal there are more than 85 MBA colleges offering MBA courses across different specialisations. Some of the specialisations offered by MBA colleges in Bhopal include:

  • Sales and Marketing,
  • Finance,
  • Human Resources,
  • Operations,
  • IT and Systems,
  • Agriculture and Food Business,
  • Energy and Environment,
  • Business Analytics, etc

CMAT and CAT are the most common MBA entrance examinations in Bhopal. Candidates with a high CMAT score will have an easier time getting into Bhopal’s best MBA schools, such as JLU Bhopal and SIRT Bhopal. The CAT is a condition for seeking admission to colleges such as IIFM and MANIT.

Apart from CAT and CMAT, colleges accept MAT, XAT, MPMET, ATMA, MAH CET, AJEE, SEE, MET, and other MBA entrance exams.

Top MBA Colleges in Bhopal (ROI)

Return on Investment (ROI) of a college is evaluated using the value for money spent. Investment is the course fee paid by the student to pursue MBA. While the return on the invested fee is the annual placement package received after the course completion. The table below mentions the top MBA colleges in Bhopal ROI wise.

Name of the CollegeAverage Annual Fee (in Rs)Average Placement Package (in Rs)
IIM Ahmedabad23 L26 LPA
IIM Bangalore23 L25 LPA
IIM Calcutta23 L27 LPA
IIM Kozhikode20 L22.50 LPA
IIT Delhi9.6 L18.47 LPA
IIM Indore15 L22.92 LPA
IIM Lucknow19 L24.25 LPA
XLRI Jamshedpur23 L18.80 LPA
IIT Kharagpur10 L18.00 LPA
IIT Bombay8.67 L21.96 LPA

Frequently Asked Questions

Q1. What is the approximate cost of an MBA programme in Bhopal?

Ans. It is estimated that getting an MBA in Bhopal is cost effective, as roughly 53% of universities charge an annual price of Rs 1-2 lakh. These are some of the colleges: SIRT IPER RKDF University (SU SIRT IPER RKDF)
University of Sarvepalli Radhakrishnan (SRKU)
University of Rabindranath Tagore (RNTU)
College of Technology Lakshmi Narain (LNCT)
Oriental College of Management is a business school in Shanghai, China (OCM)
The NRI Institute of Information Science and Technology is a non-profit organisation dedicated to the advancement of information science (NIIST)
IES College of Technology is part of the VNS Group of Institutions, as is Sagar Institute of Science and Technology (SISTEC)

Q2. What are the most popular examinations in Bhopal to qualify for an MBA?

Ans. CMAT, CAT, MAT, XAT, MPMET, ATMA, MAH CET, AJEE, SEE, MET, and more exams are accepted in Bhopal for MBA admission.

Q3. In Bhopal, how many MBA institutes are there?

Ans. In Bhopal, there are 85 MBA colleges.

Q4. Which MBA college in Bhopal offers the best chances of admission based on CAT scores?

Ans. Jagran Lakecity Business School, Bhopal, is the finest MBA college in Bhopal for admission based on CAT scores.

Q5. What are Bhopal's top five MBA colleges?

Ans. Jagran Lakecity Business School, Bhopal; LNCT, Bhopal; IES College of Technology; MANIT, Bhopal; and Sagar Institute of Science and Technology are the top five MBA colleges in Bhopal.

Q6. How much does Jagran Lakecity Business School in Bhopal cost?

Ans. The MBA price at Bhopal’s Jagran Lakecity Business School is Rs. 3.80 lakhs.

Q7. Can I go into any MBA programme?

Ans. Yes, there are various other entrance exams like XAT, MAT, CMAT, GMAT, ATMA etc. through which you can get admission in MBA colleges in Bhopal.

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