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 Madhya Pradesh.

Best MBA Colleges in Madhya Pradesh: Highlights 2024

A famous postgraduate degree programme that provides intense training in business and management techniques is the Master of Business Administration, or MBA. The Harvard University Graduate School of Administration, currently known as the Harvard Business School, established it as the first postgraduate degree of its kind on a global scale back in 1908. Essential leadership talents including strong analytical ability, advanced critical thinking skills, and solid decision-making power are carefully cultivated via the MBA programme.

The key highlights related to the best MBA colleges in MP are mentioned below:

Particulars	Parameters/Statistics
No. of MBA colleges in Tamil Nadu	450+
Annual Fees	Free: 1 college INR < 1 lakh: 258 colleges INR 1-2 lakh: 129 colleges INR 2-3 lakh: 36 colleges INR 3-5 lakh: 20 colleges INR > 5 lakh: 17 colleges
Top Specialisations	Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, etc.
Accepted Entrance Exams	CMAT, CAT, XAT, MAT, etc.

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

Predict your chances here: MBA Cutoff 2024 Predictor

Best MBA Colleges in Madhya Pradesh with NIRF Ranking 2024

The National Institutional Ranking Framework (NIRF) was approved by the MHRD and launched by Honourable Minister of Human Resource Development on 29th September 2015. This framework outlines a methodology to rank institutions across the country.

The table below shows the top colleges for MBA in Madhya Pradesh along with their NIRF rankings of past three years, i.e. from 2022 to 2024:

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

Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.

READ MORE: MBA Courses

Best MBA Colleges in Madhya Pradesh: Admissions 2024

The general eligibility criteria to get MBA admission in best MBA college Madhya Pradesh 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.

Best MBA Colleges in Madhya Pradesh: Exam Schedule 2024-25

The most popular entrance exams accepted in top MBA Colleges in MP are:

• CMAT: Common Management Admission Test (CMAT) is a business aptitude test of three hours conducted by the National Testing Agency (NTA) for admission to MBA/PGDM courses. The CMAT is one of the most popular MBA entrance exams in India. About 70,000 candidates appear for the CMAT every year. CMAT score is accepted by about 1,300 B-schools (government and private) in India including Great Lakes Institute of Management, JBIMS, SIMSREE, K J Somaiya Mumbai, Welingkar Mumbai and PUMBA. The CMAT question paper consists of 100 questions from Quantitative Techniques & Data Interpretation, Logical Reasoning, Language Comprehension, General Awareness and Innovation and Entrepreneurship. 
• MAT: Management Aptitude Test or MAT is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September, and December. MAT exam is conducted in offline (Paper Based Test or PBT), online (Computer Based Test or CBT) and remote proctored (Internet Based Test or IBT) modes.
• CAT: Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning and Quantitative Aptitude.

Listed below are the following admission dates for Top MBA colleges in MP:

Exam Name	Dates	Schedule
CAT 2024 Exam	24 Nov '24	CAT Schedule
XAT 2025 Exam	5 Jan '25	XAT Schedule
CMAT 2024 Exam	Closed for 2024	CMAT Schedule
MAT CBT 1 2024 Exam	07 Dec '24	MAT Schedule

What are the entrance exams accepted by Best MBA Colleges in Madhya Pradesh?

Listed below are the various entrance exams accepted by MP MBA colleges along with their number of colleges and cutoff predictor:

Exams	Number of Colleges	Cutoff 2023 Predictor
CMAT	136	CMAT 2024 Predictor
CAT	44	CAT 2024 Predictor
MAT	32	MAT 2024 Predictor
XAT	23	XAT 2024 Predictor

Preparing for CAT 2024? Click to practice:

• Q&A for Verbal Ability
• Q&A for Quantitative Aptitude
• Q&A for Data Interpretation and Logical Reasoning

Read More About CAT, MAT, and CMAT Mock Test Series:

• Download CAT Previous Years Question Papers
• Free Online CAT Mock Test Series
• Free Online CMAT Mock Test Series 
• Free Online MAT Mock Test Series

Best Private MBA Colleges in Madhya Pradesh

Among the top 10 MBA colleges in MP, the table below shows the private top MBA colleges in Madhya Pradesh along with their total tuition fee:

Private Colleges	Total Tuition Fee
Prestige Institute of Management and Research Admission	INR 3 lakh
Jaipuria Indore Admission	INR 12 lakh
School of Management, ITM University Admission	INR 2 lakh – INR 6 lakh
AKS University Admission	INR 1 lakh – INR 2 lakh
Jagran Lakecity University Admission	INR 2 lakh – INR 3 lakh

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

READ MORE: MBA Syllabus

Best Govt. MBA Colleges in Madhya Pradesh

Among the top 10 MBA colleges in MP, 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

Region-wise Best MBA Colleges in Madhya Pradesh

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.)

Read more about MBA colleges in other regions:

• Best MBA Colleges in Indore
• Best MBA Colleges in Bhopal
• Best MBA Colleges in Gwalior
• Best MBA Colleges in Jabalpur

Best MBA Colleges in Madhya Pradesh: Fees vs Salary

Return on investment, or ROI, is the sum of money that students receive as a placement offer in return for investing a sizable sum of money to attend a college and complete a degree of study.

The table below shows the top MBA colleges in Madhya Pradesh along with their total tuition fee and annual average 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

Disclaimer: The above statistics are based on the latest available data.

Highest Salary Offered by Best MBA Colleges in Madhya Pradesh

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.

Disclaimer: The above statistics are based on the latest available data.

Low-cost MBA Colleges in Madhya Pradesh

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

Disclaimer: The above statistics are based on the latest available data.

Specialisations Offered by Best MBA Colleges in MP

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

Best MBA Colleges in Madhya Pradesh: Comparison

To determine the comparison of the top MBA colleges in Madhya Pradesh, click on the below link:

• IIM Indore Comparison with other colleges
• IIITM University Comparison with other colleges
• Prestige Institute of Management and Research Comparison with other colleges
• Jagran Lakecity University Comparison with other colleges

Tasbiya Khan10-14-2024 09:18