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], Indore | 662 |
Prestige Institute of Management and Research - [PIMR], Indore | 1200 |
Institute of Business Management & Research - [IBMR], Indore | 420 |
Indore Management Institute and Research Centre - [IMI], Indore | 660 |
Jaipuria Institute Of Management, Indore | 180 |
CH Institute of Management & Commerce - [CHIMC], Indore | 162 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | 180 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | 120 |
International Institute of Professional Studies - [IIPS], Indore | 120 |
BM College of Management and Research - [BMCMR], Indore | 420 |
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 2023 | College/ University Name | NIRF Score |
8 | Indian Institute of Management Indore | 71.95 |
112 | Jaipuria 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 2022 | College Name |
53 | IPS Academy |
57 | Prestige Institute of Management and Research |
65 | Govindram 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 Name | India Today Rank 2019 | India Today Rank 2018 | Change | Average Annual Fee |
IIM Indore | 4 | 7 | +3 | INR 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], Indore | 21,14,000 |
Prestige Institute of Management and Research - [PIMR], Indore | 2,37,500 |
Jaipuria Institute of Management, Indore | 10,25,000 |
Institute of Business Management & Research - [IBMR], Indore | 2,30,000 |
Radiant Institute of Management & Science (RIMS), Indore | 1,47,200 |
Renaissance University - [RU], Indore | 1,56,000 |
CH Institute of Management & Commerce - [CHIMC], Indore | 1,16,000 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | 7,27,000 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | 81,750 |
International Institute of Professional Studies - [IIPS], Indore | 1,58,664 |
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, Indore | INR 37,000 |
Prestige Institute of Management and Research - [PIMR], Indore | INR 1,19,500 |
Lakshmi Narain College of Technology & Science - [LNCTS], Indore | INR 35,000 |
Prestige Institute of Engineering Management and Research - [PIEMR], Indore | INR 1,57,000 |
Vindhya Institute of Technology & Science - [VITS], Indore | INR 37,000 |
Lakshmi Narain College of Technology & Science - [LNCTS], Indore | INR 37,000 |
Swastika Institute Of Higher Education and Technology - [SIHET], Indore | INR 35,400 |
Dr. B. R. Ambedkar University of Social Sciences, Indore | INR 30,590 |
Patel Group of Institution - [PGOI], Indore | INR 35,000 |
Sushila Devi Bansal College, Indore | INR 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], Indore | 21,14,000 |
International Institute of Professional Studies - [IIPS], Indore | 1,58,664 |
Devi Ahilya Vishwavidyalaya, Indore | 1,18,500 |
Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore | 2,29,930 |
Dr. B. R. Ambedkar University of Social Sciences, Indore | 60,980 |
Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore | 81,750 |
Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore | 83,202 |
Sri Aurobindo Institute of Technology - [SAIT], Indore | 99,000 |
Indore Private MBA Colleges
The top Private MBA colleges in Indore, along with their fee structure, are listed below.
College Name | Average Fee (INR) |
NMIMS University, Indore | 13.82 lakhs–14.54 lakhs |
Jaipuria Institute of Management, Indore | 7.75 lakhs |
Prestige Institute of Management and Research | 2.38 lakhs |
Symbiosis University of Applied Sciences | 11.3 lakhs |
Medi-Caps University | 1.75 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 Name | Average Annual Fee | Average Placement Package | ROI Rank* |
IMS Devi Ahilya Vishwavidyalaya | INR 60,000 | INR 3,50,000 | 1 |
Amity Global Business School, Indore | INR 1,20,000 | INR 4,00,000 | 2 |
Indian Institute of Management, Indore | INR 8,00,000 | INR 20,79,000 | 3 |
Prestige Institute of Management | INR 1,19,500 | INR 3,00,000 | 4 |
*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 Name | Exam | Cutoff |
Jaipuria Institute of Management, Indore | XAT | 60 |
ATMA | 65 | |
CAT | 50 | |
Indian Institute of Management (IIM), Indore | CAT | 97 |
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.
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
Particulars | Placement Statistics (2019-21) | Placement Statistics (2020-22) |
Number of Students | 579 | 572 |
Number of Recruiters | 210+ | 180+ |
Highest international CTC | INR 56.8 LPA | - |
Highest Domestic CTC | INR 41.5 LPA | INR 49 LPA |
Average CTC | INR 23.6 LPA | INR 25.01 LPA |
Major Domains | Finance and Sales & Marketing | Consulting, Sales, and Marketing |
Top Recruiters | Amazon, BCG, Cipla | Accenture 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.
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], Indore | INR 1,19,500 |
Institute of Business Management & Research - [IBMR], Indore | INR 1,15,000 |
Prestige Institute of Engineering Management and Research - [PIEMR], Indore | INR 1,57,000 |
Shri Vaishnav Institute of Management - [SVIM], Indore | INR 73,620 |
CH Institute of Management & Commerce - [CHIMC], Indore | INR 58,000 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | INR 2,77,000 |
Institute of Management Studies, Devi Ahilya Vishwavidyalaya - [IMS-DAVV], Indore | INR 63,211 |
International Institute of Professional Studies - [IIPS], Indore | INR 81,822 |
BM College of Management and Research - [BMCMR], Indore | INR 55,000 |
Pioneer Institute of Professional Studies - [PIPS], Indore | INR 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 Management | Rs. 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 academy | Rs. 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 Management | Rs. 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 Research | Rs. 4.00 Lakhs p.a. (Approx.) | Asian Paints, Axis Bank, Berger Paints, Coca-Cola, Deloitte, Genpact, HDFC Bank |
Sanghvi Institute of Management and Science | Rs. 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 studies | Rs. 17.79 Lakhs p.a. (Approx.) | TCS, Microsoft, ICICI Bank, Newgen and Eduonix, Federal Bank, ICICI Bank, RedDot Entertainment. |
FAQs
- 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.
- 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.
- 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.
- 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.
- 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.
- 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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Highest Package: 10 LPA
College Fees:₹6 1
Careermantra Rating
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Indore Management Institute and Research Cent..
Madhya Pradesh, Indore
AICTE, Highest Package: 10 LPA
College Fees:₹- MBA-₹50k (1st Year Fees)
- PGDM-₹1.27Lakhs (1st Year Fees)
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Highest Package: 24 LPA
College Fees:₹8 1
Careermantra Rating
7.8/10
Govindram Seksaria Institute of Management & ..
Madhya Pradesh, Indore
AICTE, Highest Package: 10 LPA
College Fees:₹- MBA-₹ 64k (1st Year Fees)
- Check Course Fee
AICTE, AIU, Highest Package: 22 LPA
College Fees:₹ 3 LAKH- FPM-₹2 Lakhs (1st Year Fees)
- PGDM-₹6.05 Lakhs (1st Year Fees)
- Check Course Fee
BCI, Highest Package: 9 LPA
College Fees:₹ ₹1.67 LAKHSLorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.