Best MBA Colleges in Indore: Fees, Admissions 2026, Placements

There are about 130+ best MBA colleges in Indore. Of these, 100 colleges are privately owned and 6 colleges are owned by public/government organisations. CMAT, CAT, MAT, XAT, and ATMA are some of the most accepting entrance exams in top MBA colleges in Indore. IIM Indore, Jaipuria Indore, Prestige Institute of Management and Research, IPS Academy Institute of Business Management and Research, SAGE University, Shivajirao Kadam Institute of Technology & Management, Shri Vaishnav Institute of Management, etc. are some of the popular MBA colleges in Indore.

IIM Indore emerged to be as the No. 1 MBA college in Indore. Listed below is the NIRF ranking of past three years:

College Name	NIRF 2022	NIRF 2023	NIRF 2024
IIM Indore Ranking	7	8	8

Joining MBA colleges in Indore can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their total tuition fees and average placement package:

College Names	Total Course Fee	Annual Median Package
IIM Indore MBA	INR 17 lakh – INR 35 lakh	INR 21 LPA - INR 25 LPA
Devi Ahilya Vishwavidyalaya (DAVV) MBA	INR 90,000 - INR 2 lakh	INR 5 LPA - INR 6 LPA
Devi Ahilya Vishwavidyalaya, Takshasila Campus MBA	INR 2 lakh	INR 5 LPA
Prestige Institute of Management and Research MBA	INR 3 lakh	INR 6 LPA
SAGE University MBA	INR 2 lakh – INR 18 lakh	INR 4 LPA
Acropolis Institute of Technology and Research MBA	INR 1 lakh	INR 4 LPA

Listed below are the top specialisations offered by various MBA colleges in Madhya Pradesh:

Top Specialisations	No. of Colleges
Sales & Marketing	159
Finance	129
Human Resources	105
HealthCare & Hospital	41
International Business	39

The cost of IIM Indore MBA ranges between INR 17.30 Lacs and INR 35 Lacs as per unofficial sources. However, the fee structure given on IIM Indore official website, the total fee of the PGP course is inclusive of the course fee, alumni fee, medical insurance and mess deposit.

Given below is fee structure of IIM Indore MBA fees, as per the official website for 2023-25 batch:

Particulars	Total Amount (for 2 years)
Course fee	INR 20 lakh
Alumni fee	INR 23, 600
Medical Insuarance	INR 2,716
Refundable Caution Deposit	INR 1 lakh
Mess deposit	INR 1.08 lakh

It is estimated that joining MBA colleges in Indore can be affordable as most of the colleges have tuition fees of less than INR 1 lakh. Listed below are some of the colleges along with their total tuition fees:

Low-cost Colleges	Total Tuition Fee
Lal Bahadur Shastri Institute of Technology and Management	INR 78,000
DAVV - Devi Ahilya Vishwavidyalaya	INR 90,000
Sushila Devi Bansal College of Technology	INR 97,000
Sri Aurobindo Institute of Technology	INR 99,000
Indore Management Institute and Research Centre	INR 78,000

The table below shows the private top management colleges in Indore along with their total tuition fees/seat intake:

College Name	Total Tuition Fee/Seat Intake
Jaipuria Indore - Jaipuria Institute of Management Admission	INR 13 lakh Seats: 180
Prestige Institute of Management and Research Admission	INR 3 lakh Seats: 900
SAGE University Admission	INR 2 lakh – INR 18 lakh Seats: 60
Acropolis Institute of Technology and Research Admission	INR 1 lakh Seats: 120

There are about 9 top distance MBA colleges in Indore. Some of them are mentioned below along with their total tuition fees:

Distance MBA Colleges	Tuition Fee
DAVV	INR 72,000
Indian School of Business Management & Administration	INR 24,000 - INR 50,000
Institute of Management Technology- Center for Distance Learning	INR 2 lakh
Symbiosis Centre for Distance Learning, Indore	INR 18,000 - INR 30,000
Team Adhyan	INR 69,000

The table below shows the government top MBA colleges in MP along with their total tuition fee:

Public/Government Colleges	Total Tuition Fee
IIM Indore Admission	INR 17 lakh – INR 35 lakh
IIITM Gwalior Admission	INR 3 lakh – INR 8 lakh
Indian Institute of Forest Management Admission	INR 12 lakh
DAVV - Devi Ahilya Vishwavidyalaya Admission	INR 90,000 – INR 2 lakh
Jiwaji University Admission	INR 45,000 – INR 65,000

CMAT has five sections - Quantitative Techniques and Data Interpretation, Logical Reasoning, Language Comprehension, General Awareness and Innovation & Entrepreneurship. Important topics of CMAT across all the five sections are listed below:

1. Quantitative Techniques and Data Interpretation: Time-speed-distance, Ratio-Proportion, Profit and Loss, SICI, Average, Partnership, Triangles Probability Surds, HCF-LCM, Quad equations, Quad inequality, Graphs, Tables, Bar, Pie Chart.
2. Logical Reasoning: Family Tree, Analytical Reasoning, Linear Arrangements, Number Series, Matrix Arrangements, Blood Relationship Tests, Coding-Decoding, etc.
3. Language Comprehension: Synonym, Antonym, Fill in the Blanks, Idioms, Match the Following, Reading Comprehension, Identify the Correct Statement, Direct/Indirect Speech, Classify the Sentence, Question Tag, Parajumble.
4. General Awareness: Economy, Business, World, Politics, Sports, Culture, Society
5. Innovation & Entrepreneurship: Concepts of Entrepreneurship, Overview of Entrepreneurship, Evolution of Entrepreneurship in India, Role of Entrepreneurship in Economic Development, Theories and Models of Entrepreneurship, Framework of Entrepreneurship Theories, Models of Entrepreneurship, Emerging Models of Corporate Entrepreneurship, Dimensions of Entrepreneurship, Entrepreneurial Society, Entrepreneurial Culture, Rural Entrepreneurship, etc.

The eligibility criteria for MBA courses may vary across institutes offering the same. However, the basic eligibility criteria prescribed by the Universities Grants Commission for MBA in best management colleges in Indore is as follows:

• Candidates passing a bachelor’s level examination irrespective of the discipline from a recognised institute are eligible to pursue an MBA degree course.
• An institute might follow minimum aggregate score criteria of 50 percent in the qualifying exam for unreserved category candidates and 45% aggregate for reserved category candidates.
• For admissions, institutions also conduct entrance exams like CAT, MAT, CMAT, XAT, and many others.

It is possible to pursue an MBA without taking any entrance exam. Some direct admission eligibility criteria to help you be accepted into MBA programs.

• Score at least 50%-65% aggregate in graduation.
• For the reserved category, there is relaxation.

The table below shows the location-wise distribution of best MBA colleges in MP along with their number and names of colleges:

Locations	Number/Names of colleges
Bhopal	135 (Indian Institute of Forest Management, Jagran Lakecity University, People's Institute of Management and Research, etc.)
Indore	131 (IIM Indore, Jaipuria Indore, Prestige Institute of Management and Research, etc.)
Gwalior	48 (IIITM University, Amity University, Jain College, etc.)
Jabalpur	25 (Gyan Ganga College of Technology, RDVV, Shri Ram Institute of Technology, etc.)

Lal Bahadur Shastri Institute of Technology and Management has been rated 3 on placements.

Candidates meeting the given below criteria can avail the scholarships:

For SC Candidates – Income of the Parents should not be more than 6.00 lakh/ annum.
For ST Candidates – Income of the Parents should not be more than 6.00 lakh/ annum.
For OBC Candidates – Income of the Parents should not be more than 3.00 Lacs / annum.
For Minority & Central Sector Scheme Candidates- Income of the parents should not be more than 2.50 lakh/ annum.

The table below shows the average placement package offered by top recruiters who participated in top MBA colleges in Madhya Pradesh:

College Names	Annual Average Package	Top Recruiters
IIM Indore Placements	INR 22 LPA - INR 27 LPA	Boston Consulting Group, Deloitte India, EY, Infosys Consulting, KPMG, etc.
IIITM University Placements	INR 8 LPA – INR 17 LPA	Meta, Adobe, Amazon, Samsung, Deloitte, Atlassian, IBM, HCL, etc.
Prestige Institute of Management and Research Placements	INR 5 LPA	Accenture, LG, Cognizant, Amazon, Dell, HCL, ICICI Bank, Infosys, etc.
Jagran Lakecity University Placements	INR 4 LPA	HCL, Airtel, TCS, Infosys, Amazon, Deloitte, Wipro, etc.

Yes, CMAT is much easier that CAT exam. Despite the fact that CMAT and CAT syllabus are same and that CMAT has two more sections than CAT the former is much easier than the latter. The CAT exam is usually of moderate to high difficulty level, whereas the CMAT exam is of easy to moderate difficulty level.

There are key differences between CMAT and CAT which make the former easier. There is no sectional time limit in CMAT so candidates do not face the pressure of completing a given section within certain time limit. In CAT there are 4-5 Reading Comprehension passages which are 500-600 words, and 12-14 question.

In CMAT there is usually, only one Reading Comprehension passage, having 4 questions. The Quantitative Aptitude questions of CMAT are also easier than CAT and so are Logical Reasoning and Data Interpretation questions. It is easier to score high percentile in CMAT as the number of applicants is more than one Lacs less in CAT.

The general eligibility criteria to get MBA admission in best MBA college in MP are listed below:

• Candidates should have a bachelor's degree or equivalent qualification in any discipline from a recognised university or institution with a minimum of 50% aggregate.
• Many MBA colleges in MP consider scores from national-level entrance exams such as MAT, XAT, CAT, CMAT, etc. Candidates are required to meet the minimum cutoff scores set by the respective colleges.

It is estimated that joining the top MBA colleges in MP can be affordable as most colleges have tuition fees of less than INR 1 lakh. Listed below are some colleges along with their tuition fees:

Low-cost MBA Colleges	Tuition Fee
Lal Bahadur Shastri Institute of Technology and Management	INR 78,000
DAVV - Devi Ahilya Vishwavidyalaya	INR 90,000
Shri Ram Institute of Technology	INR 82,000
Sushila Devi Bansal College of Technology	INR 97,000
Sri Aurobindo Institute of Technology	INR 99,000

Top companies visit the campus during Amity Global Business School, Indore placement drive, Some of them are listed below:

SAM Global University and Devi Ahilya Vishwavidyalaya, Takshashila Campus both are renowned universities for MBA/PGDM. However, in terms of affordability, SAM Global University is a better option since the total tuition fee for SAM Global University is INR 60,000 - INR 70,000 and the total tuition fee for MBA/PGDM at Devi Ahilya Vishwavidyalaya, Takshashila Campus is INR 99,280. In the total fees that students generally end up paying the university or the college, various other components are also included, such as the exam fee, application fee, lab and other charges.

MBA is one of the top courses of SUAS Indore. The university offers MBA programme in three popular specialisations-Marketing, Media Management, and Banking Financial Services and Insurance. MBA curriculum includes full semester internship in the final year. The university recorded 100% internship and support with 225 days of embedded internship provision in the curriulum. After completing the degree, students are open to opportunities in top companies.

Talking about placement, SUAS has concluded its placement process for the batch passed out in 2022. The university has released the names of students who were placed from the School of Management. As per the latest report, 31 students were placed from the School of Management.

Acropolis Institute of Technology and Research has placed its selected students in known and reputed companies such as Samsung R And D Institute India Noida, 3D Logic, Shraddha Classes, Echjay Steel Industry, Technology Support Engineer, Apoorva Minerals, Environ Speciality Chemicals, Ks Foundry Pvt Ltd, Hakimi Techology Solutions, Lex Jurists Advocates And Solicitors, Diamond Ndt Inspection Services (P) Ltd, H.G. Infra Engineering Pvt. Ltd., Rml Avadh University, Incredible India Techxpert Pvt Ltd, Baruni Stones, Adbhoot Creatives Pvt Ltd, Jasper International Engineering Consultants, Lawyers At Work, Tide Learning Private Ltd, Wholesale Cloth Merchant.

It is not necessary to appear for PU-Test for MBA admission in Prestige University. The university accept other entrance scores as well. Candidates with a valid score of CAT/ XAT/ GMAT/ GRE can also apply for admission. The valid scorecard may have to be presented.