Bhopal is the capital of Madhya Pradesh. It stands out as a top destination for MBA education in central India. It has several well-known colleges and institutes offering MBA and PGDM courses. Bhopal offers affordable MBA programs.
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In Bhopal, both private and government institutions offer postgraduate education in business management, such as MBA or equivalent PGDM programs. The top colleges here provide student services that meet national standards.
Bhopal emerges as a hub for management education. In this blog, we will give you all the details about some of the best MBA colleges in Bhopal. So, keep reading to discover information like course fees, job placements, what you will learn, and more.
While exploring the top MBA colleges in Bhopal, it’s worth taking into account the diverse landscape of management education available in other cities across India. You can also check out our article on MBA colleges in Mumbai to gain more insights into the various educational opportunities available throughout the country.
What is an MBA?
An MBA is highly respected in the job market. If you are interested on helping businesses grow and love planning, an MBA could be just right for you. It is really popular these days, with lots of students choosing it. It opens up exciting career paths like Business Specialist, Entrepreneur, and Marketing Analyst.
Eligibility Criteria for an MBA in Bhopal
If you are interested in pursuing an MBA, you need to meet certain eligibility criteria. First, make sure you have completed your Bachelor’s degree from a recognized university or institution. You should have secured at least 50% aggregate marks in your graduation.
The good news is, that regardless of your educational background, you can apply for the course. Some institutes may also require you to have 3 to 5 years of professional experience in a relevant industry. Once you meet these criteria, you will need to present a valid score from an accepted management entrance exam.
The common entrance tests for an MBA in Bhopal include CAT, XAT, MAT, CMAT, GMAT, MP-CET, NMAT, and JLUET. Some management colleges in Bhopal may admit candidates based solely on their eligibility criteria without requiring a management entrance exam.
Admission Process for MBA Colleges in Bhopal
Here is what you need to do to get into MBA colleges in Bhopal:
- You should check if you meet the course requirements. You should make sure you have completed your Bachelor’s degree and meet any other criteria set by the college.
- You need to take a management aptitude test. This could be a national, state, or college-specific exam. Your performance in this test will determine if you can move forward in the admission process.
- Once you receive your test results, you will know if you have cleared the first stage. If you do well, you will proceed to the next stage. This involves group discussions or personal interviews. These help the college make its final selection.
- After passing the management entrance exam, you will need to attend personal interviews (PI) and group discussions (GD) at the university. If you are selected after these rounds, you can pay the tuition fee to secure your seat in the college of your choice.
List of Top 10 MBA Colleges in Bhopal
You have got 10 top-notch MBA colleges if you are considering attending one in Bhopal. Let’s have a look at them.
1. Duke College of Management
Duke College of Management is a private business school in Bhopal. It is affiliated with Barkatullah University. It was established in 1969 and accredited by AICTE.
Their 2-year MBA program offers specializations in finance, marketing, HRM, retail management, and banking and financial services management. If you have passed the CMAT, you are eligible for admission.
The fee for 2 years is Rs 78,000. This makes it highly affordable. They also provide placement services, partnering with companies like SBI, ICICI Bank, Walmart, and Reliance.
You have the option to choose from five specializations or even go for dual specializations. They offer full student support, infrastructure, and placement services.
- Course Fees: Rs 78,000
- Accreditations: AICTE
- Accepted Entrance Exams: CMAT
- Placement Package: Rs 480,000 per annum
2. SAGE University
SAGE is also known as Sanjeev Agrawal Global Educational University. It was founded in Bhopal to enhance higher education opportunities in the state. It aims to provide quality education to a larger number of students.
The management programs are offered through the SAGE Institute of Management Studies (SIMS) and are approved by UGC and AICTE. The MBA program offers specialization in 13 areas.
- Course Fees: Rs 120,000 to Rs 356,000
- Accreditations: UGC, AICTE, PCI, Government of Madhya Pradesh
- Accepted Entrance Exams: SAGE University Entrance Exam
- Placement Package: Rs 510,000 per annum
3. VIT Business School
VIT Business School in Bhopal is part of the renowned Vellore Institute of Technology (VIT) campus. It started in 2017 and holds approvals from UGC, AICTE, and ARIIA. The MBA program is recognized by AICTE.
They offer specializations in 7 areas such as finance management, marketing management, and HR management. At VIT Business School, you benefit from experienced faculty and excellent placement records. They have a curriculum focused on practical learning and industry exposure.
- Course Fees: Rs 697,000
- Accreditations: UGC, AICTE, ARIIA
- Accepted Entrance Exams: CAT, MAT, CMAT, XAT, GMAT, NMAT, ATMA
- Placement Package: Rs 657,000 per annum
4. Vidyasagar Institute of Management (VIM) No official Website
Vidyasagar Institute of Management (VIM) in Bhopal has been around since 1997. They offer a full-time MBA program in finance management, marketing management, and human resource management. It is approved by AICTE.
To get in, you will need to score well on the CMAT exam. The total fee for the program is Rs 86,200. It can be paid annually at Rs 46,100. VIM provides excellent placement services providing job opportunities at top MNCs and firms.
- Course Fees: Rs 86,200
- Accreditations: AICTE
- Accepted Entrance Exams: CMAT
- Placement Package: Rs 850,000 per annum
5. People’s Institute of Management and Research
People’s Institute of Management and Research (PIMR) was established in 2004 as part of People’s University. It is a top management institution in Madhya Pradesh. It is highly rated and holds an ‘A’ grade from NAAC.
It is also recognized by UGC and AICTE. PIMR offers an MBA program through its Department of Management. They offer specializations like finance, marketing, HRM, international business, event management, and entrepreneurship.
The total program fee ranges from Rs 1.4 lakhs to Rs 1.7 lakhs. The college provides placement services including professional grooming, skill building, and campus selections to help you start your career.
- Course Fees: Rs 140,000 to Rs 170,000
- Accreditations: UGC, AICTE, NAAC ‘A’
- Accepted Entrance Exams: CAT, XAT, MAT, CMAT, MP-CET
- Placement Package: Rs 480,000 per annum
6. Mansarovar Global University
Mansarovar Global University was established in 2017. It offers a wide range of higher education programs. It includes management, agriculture, commerce, finance, humanities, engineering, law, and more. It is accredited by UGC and BCI.
They offer an MBA program with 13 specializations. They cover areas like disaster management, fire safety, and construction management. The course fee ranges from Rs 100,000 to Rs 120,000. You can pay this amount in installments. The university offers an average placement package reaching up to Rs 14 LPA.
- Course Fees: Rs 100,000 to Rs 120,000
- Accreditations: UGC, BCI
- Accepted Entrance Exams: Minimum General Eligibility
- Placement Package: Rs 14,00,000 per annum
7. Jagran Lake City Business School
Jagran Lake City Business School is situated in Bhopal. It was established in 2013 as a part of Jagran Lake University (JLU). It is a renowned hub for management education.
The business school has various accreditations like UGC, NCTE, and AIMA, recognized by the Government of Madhya Pradesh and an AIU member.
They have a 2-year MBA program that offers five specialization options. You have the flexibility of choosing dual specializations, one major and one minor.
The total fee for the course is approximately Rs 3.6 lakhs, with placement opportunities up to Rs 15 LPA.
- Course Fees: Rs 360,000
- Accreditations: UGC, NCTE, AIMA, Recognized by the Government of Madhya Pradesh
- Accepted Entrance Exams: JLUET, CAT, MAT
- Placement Package: Rs 15,00,000 per annum
8. Indian Institute of Forest Management (IIFM)
IIFM was established in 1982 by the Ministry of Environment, Forest and Climate Change, Government of India. The Indian Institute of Forest Management (IIFM) in Bhopal is a prestigious government institute. It is renowned for its expertise in managing forest and environmental resources.
IIFM offers a specialized PGDM program recognized by the AICTE and NBA. It comes in two forms: the PG Diploma in Forestry Management (PGDFM) and the PG Diploma in Sustainability Management (PGDSM). These are full-time, 2-year courses.
The institute provides various student support services. This includes faculty mentorship, merit scholarships, placement assistance, and professional training. IIFM is beneficial for those who are interested in fields like forest management, climate change, and environmental management.
- Course Fees: Rs 468,000 to Rs 780,000
- Accreditations: AICTE, NBA, Recognized by Ministry of Environment, GoI
- Accepted Entrance Exams: CAT, XAT, MAT, CMAT, GMAT
- Placement Package: Rs 840,000 per annum
9. IES College of Technology
Infotech Education Society (IES) College of Technology is a private institution in Bhopal. It was established in 2007. It offers technical and management courses affiliated with Barkatullah University.
The MBA program is approved by AICTE. The program lasts for two years. The B-school offers specializations in finance, marketing, HRM, and IT management. Entrance exam scores are not required for admission.
At IES College of Technology, you can apply for the MBA program based on meeting the minimum eligibility criteria. The course includes placement opportunities bringing job offers from top companies to MBA graduates.
- Course Fees: Rs 130,000
- Accreditations: AICTE
- Accepted Entrance Exams: Minimum Eligibility Criteria
- Placement Package: Rs 21,00,000 per annum
10. Millenium Institute of Technology & Science (MITS)
Millenium Institute of Technology & Science (MITS) Bhopal is a part of the Millennium Education & Development Society. It has been around since 1999. It has got a bunch of accreditations from AICTE, NCTE, and DTE.
MITS is a solid choice for technical and management courses among students. You can pursue a full-time MBA degree at MITS Bhopal They offer specializations in marketing management, finance management, or human resource management.
Even if you do not have a management entrance score, you can still apply based on the minimum eligibility criteria. The course fee is just Rs 74,000, and you will also get placement services as part of the deal.
- Course Fees: Rs 74,000
- Accreditations: AICTE, NCTE, DTE
- Accepted Entrance Exams: Minimum Eligibility Criteria
- Placement Package: Rs 180,000 per annum
Advantages of an MBA Degree
If you are interested in management studies, going for an MBA could be a wise choice for your career. It is a popular degree that teaches you important business strategies and tactics. With an MBA, you get hands-on experience dealing with real business situations.
Whether starting your own business or improving an existing one, it is incredibly helpful. By showing off both your skills and your degree, you can boost your career to the next level.
Frequently Asked Questions
1. How to choose the best MBA colleges in Bhopal?
Before making your decision, it is important to check if you meet the eligibility criteria. Then, take a look at the required cut-off marks for admission. You can also consider the fee structure and determine what kind of placements the college offers graduates.
Take some time to check out the faculty members, and consider the accreditation and ranking of the college. Also please think about the infrastructure and location of the college.
2. How many courses are present in India for an MBA degree?
In India, there are more than 3000 B-Schools. These schools offer over 50 MBA programs. These programs focus on different functions or industry sectors. Some of India’s most popular MBA courses include Human Resource Management, Marketing, Finance, and International Business.
3. What should be considered for an MBA admission?
When you apply for MBA programs, there are several important factors to consider. Your GMAT or GRE scores, undergraduate GPA, professional experience, and essays all play an important role in securing your admission.
Conclusion
In Bhopal, there are many top-notch institutions for higher education, especially in management. These MBA colleges in Bhopal offer programs in various specialized areas at affordable fees.
These colleges offer excellent placement services. This includes campus placement drives, excellent exposure to different industries, and various career opportunities for you.
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