PIMR, Institute of Business Management & Research & IIM Indore are two of the leading MBA institutes in Indore. Indore, Madhya Pradesh"s education centre, is home to 87 of India"s most famous MBA colleges. Indore has 79 private MBA institutions and Seven government MBA institutions. The best MBA institutions in Indore are AICTE-approved and provide courses in various MBA specializations such as finance, marketing, human resource management, information technology, and so on.

NIRF rankings place Indian Institute of Management - IIM Indore eighth among the best MBA colleges in India and the best MBA college in Indore.SGSITS Indore, Devi Ahilya Vishwavidyalaya Indore, the Indian Institute of Management Indore, and  IIPS Indore are among the best MBA government colleges in Indore.Admission to the top MBA colleges in Indore is based on the results of MBA entrance tests, which are accompanied by a GD/ PI round. 

Some top MBA colleges in Indore sans entrance examinations include SAGE University, Oriental University, and IIBS Indore. 

Annual MBA costs in the leading MBA colleges in Indore range from INR 60,000 to 8.68 Lakhs. The top MBA colleges in Indore with inexpensive fees are GSIMR Indore, VGI Indore, & IIM Indore.

the Indian Institute of Management Indore, IMS DAVV, and PIMR Indore are among Indore"s finest MBA placement institutions. The standard placement package granted by Indore"s top MBA colleges ranges between INR 23 and 27 LPA. 

Indore"s Top 10 MBA Colleges

Indore is also known as the "cleanest city in India," it is home to more than 87 of India"s most excellent MBA colleges. The top 10 colleges for MBA in Indore with MBA/PGDM seat intake are listed here.
 

College/ University Name MBA/PGDM Seat Intake
Indian Institute of Management - [IIM], Indore662
Prestige Institute of Management and Research - [PIMR], Indore1200
Institute of Business Management & Research - [IBMR], Indore420
Indore Management Institute and Research Centre - [IMI], Indore660
Jaipuria Institute Of Management, Indore180
CH Institute of Management & Commerce - [CHIMC], Indore162
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore180
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore120
International Institute of Professional Studies - [IIPS], Indore120
BM College of Management and Research - [BMCMR], Indore420


Ranking of the Top MBA Colleges in Indore

Colleges and universities are judged and graded based on characteristics such as university perception, faculty quality, student-teacher ratio, placements, etc. Every year, major ranking agencies, including NIRF, Outlook, India Today, and others, publish rankings of the top MBA colleges in India.

Top MBA Colleges in Indore based on NIRF Ranking 2023

The National Institutional Ranking Framework is a ranking technique adopted by the government that ranks the best educational institutions. NIRF grades institutions based on five primary parameters, each with a variable weightage. For individual factors, the weightage of various parameters utilized for ranking a college amongst the top MBA institutions in India in the National Institute of Retail Finance Ranking List is tabulated below.

NIRF Ranking 2023 has ranked 50 Management colleges across the country. Only two Indore colleges were named to the best universities for MBA in India. 

IIM Indore is a well-known and well-respected MBA college in Indore. It has dropped by -1 and is now rated 8th by NIRF Ranking 2023, with an NIRF score of 71.95.

Jaipuria Institute of Management is one of India"s top private engineering schools. According to the NIRF Ranking 2023, it is rated 112th.

Check out the table below for a list of the top MBA colleges in Indore based on the most recent NIRF Ranking 2023, along with their NIRF score:

NIRF Ranking 2023College/ University NameNIRF Score
8Indian Institute of Management Indore 71.95
112Jaipuria Institute Of Management Indore-

The Times Ranking of the Top MBA Institutions in Indore

The Times, one of India"s most popular and widely circulated newspapers/magazines, is also one of the most significant educational institutions in the country. Every year, The Times conducts a study and produces a list of India"s best colleges and universities in several fields. To rank a college, The Times considers various factors such as quality of education, facilities, infrastructure, faculty, placements, and so on.
 

The Times Ranking 2022College Name
53IPS Academy
57Prestige Institute of Management and Research
65Govindram Seksaria Institute of Management and Research

Top MBA Colleges in Indore, According to India Today

Living Media India Limited publishes India Today, a once-a-week Indian English-speaking news magazine. Each year, India Today publishes a list of the top MBA institutions in India according to criteria such as:

Placement for Learning Experience Future Orientation in Performance

Selection of Living Experiences, Governance, and Establishment

The table below contains information on IIM Indore, which the agency once again named as one of the best institutions in India.

College NameIndia Today Rank 2019India Today Rank 2018ChangeAverage Annual Fee
IIM Indore47+3INR 8,00,000

The institute was ranked fourth in India Today"s 2022 study.

It received an overall rating of 784.7 from 1000 and moved up three positions to seventh place in the survey.

The annual charge is typically INR 8 Lacs.

These results unequivocally establish IIM Indore as the top MBA College in Indore. In any case, the IIM moniker is enough to further your career in management. If you want to know what job opportunities are available after earning an MBA, click here. 

Fee Structure for Top MBA Colleges in Indore

Some of the top MBA colleges in Indore and their fees are listed below.

College/ University Name Average Fees (INR) 
Indian Institute of Management - [IIM], Indore21,14,000
Prestige Institute of Management and Research - [PIMR], Indore2,37,500
Jaipuria Institute of Management, Indore10,25,000
Institute of Business Management & Research - [IBMR], Indore2,30,000
Radiant Institute of Management & Science (RIMS), Indore1,47,200
Renaissance University - [RU], Indore1,56,000 
CH Institute of Management & Commerce - [CHIMC], Indore1,16,000
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore7,27,000
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore81,750
International Institute of Professional Studies - [IIPS], Indore1,58,664

Top MBA Colleges with Low Fees in Indore

Many MBA colleges in Indore charge lower tuition than several top MBA colleges in India. The following are the top MBA colleges in Indore with minimal tuition fees:

College/ University Name Average Annual Fees 
Vindhya Institute of Management & Research, IndoreINR 37,000
Prestige Institute of Management and Research - [PIMR], IndoreINR 1,19,500
Lakshmi Narain College of Technology & Science - [LNCTS], IndoreINR 35,000
Prestige Institute of Engineering Management and Research - [PIEMR], IndoreINR 1,57,000
Vindhya Institute of Technology & Science - [VITS], IndoreINR 37,000
Lakshmi Narain College of Technology & Science - [LNCTS], IndoreINR 37,000
Swastika Institute Of Higher Education and Technology - [SIHET], IndoreINR 35,400
Dr. B. R. Ambedkar University of Social Sciences, IndoreINR 30,590
Patel Group of Institution - [PGOI], IndoreINR 35,000
Sushila Devi Bansal College, IndoreINR 30,000

Indore Government MBA Colleges

The top MBA government institutions in Indore provide excellent placement possibilities and a strong ROI (Return on Investment). The following are some of the top Government MBA institutions in Indore, along with their typical annual fees:

College/ University Name Average Fees (INR) 
Indian Institute of Management - [IIM], Indore21,14,000
International Institute of Professional Studies - [IIPS], Indore1,58,664
Devi Ahilya Vishwavidyalaya, Indore1,18,500
Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore2,29,930
Dr. B. R. Ambedkar University of Social Sciences, Indore60,980
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore81,750
Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore83,202
Sri Aurobindo Institute of Technology - [SAIT], Indore99,000

Indore Private MBA Colleges

The top Private MBA colleges in Indore, along with their fee structure, are listed below.

College NameAverage Fee (INR)
NMIMS University, Indore13.82 lakhs–14.54 lakhs
Jaipuria Institute of Management, Indore7.75 lakhs
Prestige Institute of Management and Research2.38 lakhs
Symbiosis University of Applied Sciences11.3 lakhs
Medi-Caps University1.75 lakhs

ROI (Return on Investment) for Top MBA Colleges in Indore

Return on Investment (ROI) is a measure of a college"s profitability in terms of placement and fees. It is one of the factors to consider when selecting a college. The following is a list of the top MBA colleges in Indore regarding ROI.

College NameAverage Annual FeeAverage Placement PackageROI Rank*
IMS Devi Ahilya VishwavidyalayaINR 60,000INR 3,50,0001
Amity Global Business School, IndoreINR 1,20,000INR 4,00,0002
Indian Institute of Management, IndoreINR 8,00,000INR 20,79,0003
Prestige Institute of ManagementINR 1,19,500INR 3,00,0004

*ROI Percentage = (Average Placement Package/Average Annual Fee)*100%

Regarding ROI, the Institute of Management Studies at Devi Ahilya Vishwavidyalaya is the finest MBA College in Indore.

It provides a standard employment reward of INR 3.5 LPA for an annual cost of INR 60,000.

Top MBA Colleges in Indore: Admissions Criteria

The table below contains links to information regarding the cutoff scores for major MBA colleges in Indore.

College NameExamCutoff
Jaipuria Institute of Management, IndoreXAT60
ATMA65
CAT50
Indian Institute of Management (IIM), IndoreCAT97

Admission Procedure for Top MBA Colleges in Indore

Top MBA Colleges in Indore include 81 colleges, 72 of which are private and 9 of which are public. 

Exam NameNo. of Colleges Accepting Score
CMAT33
CAT16
MAT8
XAT7
ATMA5

Indore IIM

The Indian Institute of Management in Indore was founded in 1996 and is the sixth IIM in the chain. Indore Institute of Management is the first MBA Institution in Indore to receive a ranking from a ranking agency.

The preliminary selection for the PI of the PGP & PGP HRM classes of 2023-25 has been issued by IIM Indore.

The CAT threshold for shortlisting for MBA 2022-24 is the same as in previous years, i.e., 90 percentile. On the other hand, candidates with a total percentile of 99-100 received admission calls.

Highlights of the IIM Indore Placement

IIM Indore just finished its PGP and IPM batch 2022 placement campaign. Relative to the previous year, the top income climbed by 18% and the average wage increased by 6%. Consulting companies were the top recruiters, with 31% of offers from the consultancy sector and 20% from finance organizations. This year, 30 new recruiters came to campus. Accenture, EY, Deloitte, Infosys, DE Shaw, Crisil, Goldman Sachs, HDFC Bank, and many others were among the top recruiters. The following are some of the features of the placement of the drive:

The campus was visited by 180 recruiters in all. 

The highest pay package was INR 49 LPA.

Students were promised a standard salary of Rs 25.01 LPA.

IIM Indore Placements Report

ParticularsPlacement Statistics (2019-21)Placement Statistics (2020-22)
Number of Students579572
Number of Recruiters210+180+
Highest international CTCINR 56.8 LPA-
Highest Domestic CTCINR 41.5 LPAINR 49 LPA
Average CTCINR 23.6 LPAINR 25.01 LPA
Major DomainsFinance and Sales & MarketingConsulting, Sales, and Marketing
Top RecruitersAmazon, BCG, CiplaAccenture Strategy, BMW, Cisco

Management Studies Institute The University of Indore supported the establishment of the Devi Ahilya Vishwavidyalaya Institute of Management Studies (IMS) in 1969. In terms of Return on Investment, the university is regarded as the best MBA College in Indore.

It is the city"s first institute to provide an MBA degree. Initially, IMS DAVV only offered a "Distance Education" degree in Business Administration, but it eventually expanded its capability.

Aside of its two-year MBA program, the institute also provides an MBA for Executives, as well as M.Phil and Ph.D. programs in Management.

MBA costs at DAVV Indore are INR 66,822 for boys and INR 60,222 for girls per year.

Indore"s Prestige Institute of Management and Research

The Prestige Institute of Management and Research was established in 1994 and has received an "A" rating from the National Assessment and Accreditation Council (NAAC).

PIMR offers undergraduate and graduate programs in law, commerce, engineering, business administration, journalism, and other professions. Admission to these courses depends on entrance test scores and previous qualifying examination performance. The National Board of Accreditation under AICTE has recognized PIMR"s MBA program. The candidate must register for admission with the DTE Madhya Pradesh counseling procedure.

Top MBA Schools in Indore, Organised by Entrance Exam

Exams like the CAT and CMAT determine admission to the best MBA schools in Indore. A list of tests and universities that recognise them is provided below.

CMATCATMAT

Top MBA Schools in Indore That Accept the CAT

An online test known as the CAT, or Common Admission Test, is given for postgraduate management programs.

To choose students, the Indian Institutes of Management (IIMs) launched the CAT exam. However, more universities are increasingly accepting the test as well.

The test covers logical reasoning, data interpretation, verbal ability, and reading comprehension. It also covers quantitative ability.

The multiple-choice questions on the test provide an opportunity for negative marking.

Top MBA Colleges in Indore That Accept CMAT Score The Common Management Admission Test, also known as CMAT, is a computer-based online test offered by the National Testing Agency of India.

It is an AICTE-approved national entrance test to choose students for management programs.

There are multiple-choice questions on the three-hour test.

Exams may use negative markings, and one mark will be subtracted for each incorrect response.

CMAT scores are accepted by top MBA schools in Indore, like Prestige Institute of Management and Research and Institute of Management Studies Devi Ahilya Vishwavidyalaya.

Top MBA Schools in Indore Without Admission Tests

Most of Indore"s top MBA schools provide admission to students based on results from the MBA entrance exam. Some MBA programs in Indore do not require entrance tests for admission. See a few of the best MBA programs in Indore sans entrance exams:

College/ University Name Average 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 Schools in Indore, Organised by Specialisation

Your choice of MBA stream is important and is influenced by the college you attend because different colleges have a reputation for particular streams. 

Top Finance MBA Schools in Indore

an MBA in Finance is one of the most popular specializations in the management profession and is a 2-year post-graduate program. Some of India"s top institutions are offering the course. A bachelor"s degree in any subject with an overall average of fifty percent or a comparable CGPA is required to pursue an MBA in Finance (a 5% relaxation is given to SC/ST applicants).

Top Indore colleges with MBA programs in finance include:

Prestige Institute of Management and Research 


 

Devi Ahilya Vishwavidyalaya


 

International Institute of Professional Studies


 

Pioneer Institute of Professional Studies


 

Placement in Top MBA Colleges in Indore

As previously indicated, MBA/PGDM programs offer excellent placement chances. The majority of students enrol in MBA programs to increase their pay.  Numerous prestigious institutions encourage renowned businesses to recruit their pupils. Even for an ordinary college, the starting salary is 3 lakhs. Even 60 lakhs can be paid out as the top package. 

All of the MBA colleges in Indore and their placement options are listed below. 
 

Name of the College

Placement Packages

(Median Package)

Top Recruiters
Indian Institute of ManagementRs. 19.40 Lakhs p.a. (Approx.)The Boston Consulting Group, PwC, Goldman Sachs, JP Morgan Chase & Co., American Express, HUL, Asian Paints, Google, Amazon, and ITC.
Institute of Business Management and Research, IPS academyRs. 4.65 Lakhs p.a. (Approx.)Blue Dart, Cease Fire, HDFC Bank, Future Group, ICICI Bank, Justdial.
Institute of Management Studies Devi Ahilya University Rs. 4.00 Lakhs p.a. (Approx.)Deloitte, ACC, Aditya Birla Group, ICICI, Mahindra, Nestle, ITC, Dainik Bhaskar, and Reliance Mobile.
Jaipuria Institute of ManagementRs. 5.30 Lakhs p.a. (Approx.)Amazon, Deloitte, HDFC Bank, Colgate, Palmolive, E&Y, Genpact, ITC, Asian Paints, Philips, Landmark, Force Motors, Reckitt Benckiser, GSK, Mahindra, and Mahindra, Zomato,
Prestige Institute of Management and ResearchRs. 4.00 Lakhs p.a. (Approx.)Asian Paints, Axis Bank, Berger Paints, Coca-Cola, Deloitte, Genpact, HDFC Bank
Sanghvi Institute of Management and ScienceRs. 4.80 Lakhs p.a. (Approx.)Aegon Religare, Angel Broking, Axis Bank, ICICI, Jet Airways, Just Dial, Kotak Securities, Mphasis, NIIT, Reliance Digital, Shoppers Stop, TVS Group
Narsee Monjee Institute of Management studiesRs. 17.79 Lakhs p.a. (Approx.)TCS, Microsoft, ICICI Bank, Newgen and Eduonix, Federal Bank, ICICI Bank, RedDot Entertainment.

 FAQs

  1. Is Indore a decent city to do MBA or PGDM programs?

An applicant can pursue an MBA at one of Indore"s four or five top business schools.  Indore is home to one of the branches of IIM, the top MBA school in the country. There are numerous additional colleges, including Devi Ahilya University and the Institute of Management Studies. 

  1. Which Indore institution offers an MBA program with a Human Resource concentration?

The Institute of Management Studies at Devi Ahilya University and the Prestige University Institute of Research and Management are the only two colleges in Indore that provide an MBA with a Human Resource concentration.

  1. Does the Narsee Monjee Institute of Management Studies have a location in Indore?

Answer: Narsee Monjee Institute of Management Studies is listed among the 

colleges offering MBA programmes in Indore and has a branch there. 

  1. What is the typical MBA salary in Indore?

The average yearly income for MBA faculty in Indore is 3.7 Lakhs, with salaries ranging from 2.2 Lakhs to 13.0 Lakhs.

  1. What is the typical IIM Indore package?

Average Salary at IIM Indore in 2023: INR 27.80 LPA...

IIM Indore Job Opportunities 2023: Median Salary INR 27,80 LPA, Maximum Salary INR 43,90 LPA, and Top Employers.

  1. Where do MBA graduates end up in Acropolis Indore?

Teachers are average, the campus is good, and placement is above average. Placements: Of the 60 students in our class, around 35 were placed. The highest income offered was 3.5 LPA, while the lowest salary was 1.8 LPA. The MBA department uses SNP Global as a mass hiring company.




 

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  AICTE,  Highest Package: 10 LPA
College Fees:₹ 
  AICTE, AIU,  Highest Package: 22 LPA
College Fees:₹  3 LAKH

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