Best MBA Colleges in Madhya Pradesh 2026: Fees, Ranking, Admission, Courses, Salary

In Madhya Pradesh, there are about 450+ best MBA colleges. Of these, 331 colleges are privately owned, 30 colleges are owned by public/government organisations and public-private entities own 4 MBA colleges. CMAT, CAT, MAT, XAT, etc. are some of the most accepting entrance exams in top MBA college in MP. Atal Bihari Vajpayee Indian Institute of Information Technology and Management, IIM Indore, Prestige Institute of Management and Research, Jaipuria Indore, School of Management, ITM University, Indian Institute of Forest Management, etc. are some of the top MBA colleges in Madhya Pradesh.

IIM Indore emerged as the No. 1 MBA college in Madhya Pradesh followed by other colleges. Listed below are the colleges along with their NIRF rankings of past three years:

College Names	NIRF 2022	NIRF 2023	NIRF 2024
IIM Indore	7	8	8
IIITM Gwalior	64	68	85

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

College Names	Total Tuition Fee	Annual Average Package
IIM Indore MBA	INR 17 lakh – INR 35 lakh	INR 22 LPA - INR 27 LPA
IIITM University MBA	INR 3 lakh – INR 8 lakh	INR 8 LPA – INR 17 LPA
Prestige Institute of Management and Research MBA	INR 3 lakh	INR 5 LPA
School of Management, ITM University MBA	INR 2 lakh – INR 6 lakh	INR 6 LPA
Jagran Lakecity University MBA	INR 2 lakh – INR 3 lakh	INR 4 LPA

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

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

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.

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.

For admissions to MBA courses at IIITM Gwalior, the instutute accepts the scores of the CAT entrance examination. Moreover, before the scores of the entrance exam, candidates are required to complete certain eligibility criteria, of which the first one is that candidates must complete their bachelor's degree with a minimum of 60% marks or 6.50 CGPA on a 10-point scale. Moreover, in the bachelor's degree candidates must have a mathematics/statistics course as one of the courses. 

Candidates appearing for the final year of bachelor's degree and those who have completed degree requirements and
are awaiting results can also apply. However, such candidates, if selected, are required to submit the degree certificate
before registration for the programme. Failing which their admission shall stand cancelled.

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.

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.)

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

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

Yes, students enrolled in any of the PGDM courses at the Jaipuria Institute of Management Indore are offered scholarships to avail. However, the scholarships are offered in a limited number and provided on a first-come, first-served basis. Check out the below list to know the scholarships available at the institute:

• CAT Scholarships
• XAT Scholarships
• MAT Scholarships
• CMAT Scholarships
• Sibling Scholarships

There are only 2 Government Colleges in India that provide PGDM Courses and accept MAT Scores, others provide MBA, which is similar to PGDM. The colleges are -

• IIRM Hyderabad
• Administrative Staff College of India

Joining Online MBA colleges in India 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 Tuition Fee	Annual Average Package
Great Lakes Institute of Management MBA	INR 4 lakh	INR 12 LPA
IFHE Hyderabad MBA	INR 2 lakh	INR 8 LPA
Birla Institute of Management Technology MBA	INR 3 lakh	INR 11 LPA
Manipal University, Jaipur MBA	INR 2 lakh	INR 8 LPA

Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.

The best online MBA college would depend on various factors of learning and career growth. But, if you must choose by curricula and global employer appeal, IIM Ahmedabad has advanced blended online MBA programmes. It's also NIRF’s no. 1 management college in India, for the last two years. IIM Ahmedabad offers two online MBA programmes in blended mode. One is a general course, MBA- BPGP (Blended Post Graduate Programme in Management). The other one is the Blended MBA in Business Analytics & AI. 

No, it is not necessary to have an MBA degree to get a job in managerial post in a Government organisation.

A PGDM in a relevant specialisation can be equally eligible or suitable for a managerial role in a Government organisation also.

 

Yes, Amity University Gwalior offers scholarships to MBA students. 

MBA students are awarded a scholarship based on CAT/ MAT percentile or GMAT score. Details for the same are given in the table below:

Scholarship %	Minimum CAT/ MAT Percentile	Minimum GMAT/ GRE Score
100%	90	GMAT: 650, GRE: 161
50%	85	GMAT: 600, GRE: 157
25%	75	GMAT: 450, GRE: 149

Note: For all MBA Scholarship scores pertaining to 2023/ 2022/ 2021/ 2020/ 2019 are applicable.

The cost of JLU Bhopal's MBA programmes varies based on the particular specialisation, here is an overview,

Annual Cost of Tuition:

MBA (Finance/HR): 1,50,000 INR

Grant Thornton in Combination with MBA (Business Analytics): INR 1,70,000 Extra Fee Components:

Exam cost: 1,200 Indian rupees, 500 INR is the registration fee.

Optional hostel fee: varies based on kind of accommodation and amenities

Additional Fees: Could involve health insurance, library costs, etc.

Medicaps University can be considerd for an MBA by candidates looking for options in Indore. The university is UGC recognised and approved by AICTE and PCI. It also provide placements support to the students. The tuition fees for the Medicaps MBA courses range from INR 2.4 Lacs to INR 20 lakh. This fee is as per official sources, but is still subject to changes.

Lakshmi Narain College of Technology, Bhopal has been rated 4 on Infrastructure parameter. Lakshmi Narain College of Technology, Bhopal provide good facilities all around the campus such as Auditorium, Boys Hostel, Cafeteria, Girls Hostel, Hospital / Medical Facilities, Hostel, Labs, Library, Shuttle Service, Sports Complex. Lakshmi Narain College of Technology, Bhopal has also been rated 4.1 for Campuslife.

Prestige Institute of Management & Research offers two-year MBA programmes along with a five-year Integrated MBA in the field of Management. Divided into four and 10 semesters, admission to the MBA course is entrance-based. However, admission to Integrated MBA is based on an online entrance exam followed by online off-campus counselling conducted by DTE, MP. 

Admission criteria regarding admission to all these MBA courses is as follows:

Particulars	PIMR MBA Highlights	PIMR Integrated MBA Highlights
Duration	2 years	5 years
Tuition Fee	INR 2.52 Lacs - INR 3.87 lakh	INR 3.87 lakh
Number of specialisations	- General MBA: Marketing, Finance, HRM and International Business - MBA in Business Analytics	NA
Seats	300	NA
Eligibility	Any UG degree with 50% aggregate (Those in the final year can also apply)	Any UG degree with 50% aggregate (Those in the final year can also apply) for General & 45% aggregate for reserved category students
Selection	CMAT + Online off-campus counselling conducted by DTE, MP	Online entrance exam + Online off-campus counselling conducted by DTE, MP
Accepted entrance exam	CMAT	Online entrance exam (no information on the name)

Yes, you can apply for admission to NMIMS Indore in the final year of your Bachelor's Degree. But your admission is provisional subject to clearing the final examination of the undergraduate programme with at least 50% aggregate marks.