Best MBA Colleges in Sagar - 2026 Admissions, Fees, Placements

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 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.

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.

 

Some of the popular Govt. PGDM Colleges are given in the table below:

• IIM Kozhikode
• IIM Shillong
• XLRI Jamshedpur
• MDI, Gurgaon
• MICA, Ahmedabad
• IIM Lucknow
• Great Lakes Institute of Management

Yes, it is very much necessary to take entrance exams for PGDM courses in India, If you want to take admission int reputable and top-tier B-schools then it is very crucial. 

While some institutions offer direct admission based on graduation merit, most colleges require valid scores from national-level tests like CAT, XAT, CMAT, NMAT, or MAT. 

Babulal Tarabai Institute of Research and Technology (BTIRT) is a reputed institute for After 1th Diploma, M.E./M.Tech, B.Tech, MBA/PGDM. Students can opt these programs to pursue their career in Engineering, Business & Management Studies. Institute has trained & experienced faculty who deliver these programs. Babulal Tarabai Institute of Research and Technology (BTIRT) has a review rating of 3.6 on the basis of reviews by students. In addition to this, it has been rated 3.5 on campuslife, 3.2 on placements, 3.8 on faculty and 3.8 on Infrastructure.

Gyanveer Group of Institution has received an impressive review rating of 3.5 on Placements based on 2 feedback of verified Shiksha students.

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

Admission without CUET (Common University Entrance Test) is possible for some courses only like LL. M., and others. but for these courses,  CUET-PG is accepted by the university. So, students can get admission without CUET but the student have to change the course they are opting for. So, the best solution is to prepare in advance for the CUET and get admission in the relevant course. Seats are limited and candidates applying through CUET are many. Only good preparation can assist in getting admission to various courses like BTech, BSc, B.A. and others.

IIITM Gwalior MBA admission is entrance-based. In order to get admission, aspirants need to fulfil the minimum eligibility criteria and qualify the exam with a valid score. To get detailed information related to IIIT Gwalior MBA refer to the table below:

Course Name	Eligibility & Selection Criteria	Total Fee
MBA	Eligibility: Graduate in any discipline with 75% a recognised university  Selection Criteria: CAT + GD + PI	INR 3 Lacs to INR 7.9 lakh

NOTE: The mentioned fee is taken from the official website/sanctioning body. It is still subject to changes and, hence, is indicative.

Jaipuria Institute Of Management, Indore is one of the most popular institute for studying management in Indore. The institute offers decent placements to its PGDM course. The key highlights of Jaipuria Indore placements for the PGDM Class of 2025 and 2026 are presented below:

Particulars	Placement Statistics (2025)	Placement Statistics (2026)
Highest package	INR 36.64 LPA (International) INR 22.57 LPA (Domestic)	INR 24.11 LPA
Average package	INR 9.50 LPA	INR 11.08 LPA (Top 50%)
Total offers	1,100+	600+
Total recruiters	275+	275+
New recruiters	120	NA
PPOs	80+	48
International offers	11	NA

CMAT 2025 was on January 25, 2025, almost four months ahead of previous years. The CMAT exam is usually held in March-April, but in 2023 and 2024, it was held in May. The last time CMAT was held in January was in 2019.

The NTA announced registration dates via an official circular, which was released online on the NTA website on November 14, 2024. The CMAT 2025 exam schedule includes registration window open and close dates and form correction dates. CMAT 2025 registration has started, and the last date to apply was December 13, 2024, and the admit card was released on January 20, 2025.

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)