Indore is an ideal place to study MBA in Madhya Pradesh. MBA colleges in Indore offer high-quality MBA programs along with advanced facilities that allow you to experience education in a vibrant academic environment.
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Indore is known as the commercial center of Madhya Pradesh in India. But, it is also a great destination for management studies in central India. Currently, there are 130 MBA colleges in Indore, out of which 97 MBA colleges are privately owned and 6 colleges are under government organizations. Like any other MBA college, for admission to an MBA college in Indore, you will have to go through entrance exams like CAT, CMAT, XAT, MAT, ATMA, or XAT.
Discover the top 10 MBA colleges in Indore! Whether you’re a local resident or from elsewhere in India, pursuing your MBA in Indore can pave the way for promising business opportunities. At the same time, prospective students should also explore the colleges in Bhopal for MBA, as it is another prominent educational hub in Madhya Pradesh.
Eligibility Criteria for Admission in MBA Colleges of Indore
Admission requirements may vary for each MBA college. Here are the general eligibility requirements that most MBA colleges in Indore require for admission
- Bachelor’s Degree: You must hold a bachelor’s degree in your chosen field of study or its equivalent qualification. Your degree must be earned from an accredited university or institution.
- Score Requirement: At the graduation level, your marks or percentage should be overall 50% or equivalent CGPA. Most MBA colleges follow the minimum score requirement mentioned at the graduation level.
- Prerequisites for Undergraduate Students: If final-year undergraduate students want to pursue an MBA, they can apply for an MBA. But, they have to provide solid proof that they have completed their degree within the time limit prescribed by the institute.
List of 10 Best MBA Colleges in Indore
1. IIM Indore
- Type: Public business school
- Established: 1996
- Accreditation: AACSB, AMBA, EQUIS
- Accepted Entrance Exams: CAT, IPMAT
- Rank: 5th Among IIMs in the QS Global MBA Rankings 2024
- MBA/PGDM 4 Courses Tuition Fees: 17.3 lakh to 35 lakh
- Admissions: IIT JAM counseling registration may start from April 10, 2024
Indian Institute of Management Indore (IIM Indore) was established in 1996 and is a prestigious MBA college in Indore with autonomous status. For providing management education, IIM has earned a lot of reputation. Accredited by AMBA and recognized by AIU, IIM Indore offers postgraduate programs in the field of management as well as several executive courses.
The flagship course of this institute is the PGP in management. In terms of fees, IIM Indore tuition fees range from Rs 56,000 to Rs 35 lakh. You can choose this business school which is known for world-class academic standards. The experienced faculty members of this MBA college in Indore are dedicated to preparing future business leaders.
2. Prestige Institute of Management and Research
- Type: Public college
- Established: 1994
- Accreditation: NAAC
- Accepted Entrance Exams: CMAT
- Rank: 37 out of 200 in India in 2024 Ranking for MBA category
- MBA/PGDM 6 Courses Tuition Fees: 2.7 lakh
- Admissions: Admissions 2024 are open to all the courses
This is another MBA college in Indore which is accredited by NAAC. Approved by UGC and AICTE, this institute is the best place for high-quality programs and advanced facilities. Established in 1994, the Prestige Institute of Management and Research is affiliated with Devi Ahilya Vishwavidyalaya.
The institute offers undergraduate, postgraduate, PhD and other programs to aspiring students, and these are offered in the fields of management, law, and various other fields. The major programs offered by the PIMR Indore are MBA and LLM. The institute is well-known for its research and innovation.
3. Jaipuria Institute of Management Indore
- Type: Public college
- Established: 2010
- Accreditation: NBA
- Accepted Entrance Exams: CMAT, CAT, XAT, MAT
- Rank: 101 out of 125 for MBA category by NIRF Ranking 2023
- MBA/PGDM 1 Course Tuition Fees: 11.8
- Admissions: The application deadline for the PBT exam is May 28, 2024
Jaipuria Institute of Management Indore was established in 2010 with approval from AICTE. Jaipuria Institute of Management has four campuses and Jaipuria Indore is one of them. Jaipuria Indore has a high reputation as a top management institute in Madhya Pradesh.
The institute offers a two-year full-time PGDM program in management as well as a doctoral-level fellowship program. Candidates have to clear entrance exams like CMAT, CAT or GMAT to get admission into the PGDM program.
4. Amity Global Business School Indore
- Type: Private business school
- Established: 2008
- Recognised by: UGC
- Rank: No.1 not-for-profit private university in India by India Today
- MBA/PGDM 1 Course Tuition Fees: 4.6 lakh
- Admissions: Admissions 2024 are open for various courses
Established in 2008, Amity Global Business School Indore (AGBS) is affiliated with the prestigious Amity Education Group. The institute is one of the best institutes for management education in India. It has 10 campuses spread across various cities in India. AGBS offers diverse programs including PGPM/MBA and GDBA/BBA. The tuition fees of this MBA college in Indore range between INR 3.80 lakhs to INR 4.60 lakhs.
The business school is famous for its state-of-the-art infrastructure that offers air-conditioned classrooms, a huge library, and other facilities. Furthermore, the institute organizes seminars, industrial visits, and guest lectures. Candidates can check the table below to learn the key features of Amity Global Business School Indore.
5. Lal Bahadur Shastri Institute of Technology and Management
- Type: Private business school
- Established: 2018
- Accreditation: AICTE
- Accepted Entrance Exams: CMAT, MAT, CAT, XAT, NMAT, SNAP
- Rank: 47 out of 200 colleges in India in 2024 by Outlook India
- MBA/PGDM 4 Courses Tuition Fees: 78 K to 1.2 lakh
- Admissions: The application deadline for the PBT exam is May 28, 2024
Lal Bahadur Shastri Institute of Technology and Management stands as a prestigious institute for its reputation and quality professional program offerings. The institute offers MBA/PGDM, B.Com, and BBA. Their specializations in Marketing, Finance, and Sales & Marketing target the diverse academic interests of students.
Accredited by AICTE, the MBA college in Indore creates an environment that is conducive to student success. The institute offers affordable tuition fees that range from Rs 30,000 to Rs 122,000. You can find top-class auditoriums, medical facilities, hostels, large libraries, and labs in this institute that enhance your comfort and learning experience.
6. Oriental University
- Type: Private university
- Established: 2011
- Approved by: AICTE, UGC
- Accepted Entrance Exams: MAT, CAT
- Rank: 720th in India and 11131st in the World 2024 Overall Rankings
- MBA/PGDM 7 Courses Tuition Fees: 80 K to 1.4 lakh
Established in 2011 under the aegis of Oriental Group, Oriental University stands as the premier self-financed private institution in Indore. The university offers a wide range of courses in commerce, management, agriculture, education, computer applications, education, engineering, law and many more. Oriental University has achieved many significant achievements, including being ranked second in Indore and sixth in Madhya Pradesh in the Today India MDRA Ranking 2023.
Prestigious companies like HSBC, Mahindra & Mahindra, and Axis Bank regularly conduct internship programs and placement drives at this MBA college in Indore. The university ensures 100% placement, with the highest package reaching INR 72 LPA and the average package reaching INR 5.3 LPA.
7. Medi-Caps University
- Type: Private university
- Established: 2000
- Accreditation: NAAC
- Accepted Entrance Exams: CAT, CMAT, GMAT, MAT
- Rank: 494th in India and 7536th in the World 2024 Overall Rankings
- MBA/PGDM 6 Courses Tuition Fees: 2.6 lakh to 5 lakh
- Admissions: Admission 2024 is open
Established in 2000, Medi-Caps University offers over 50 undergraduate, postgraduate, and doctoral degree programs. Their curriculum includes computer science, engineering, management, agriculture, pharmacy, and more. The highly sought-after programs of the university include BCA+MCA, B.Pharma, MBA with four specializations, and BBA with five specializations.
Admission to this MBA college in Indore depends on the candidate’s performance in previous qualifying exams and national-level entrance exams. For the MBA program, the scores from accepted entrance exams including CAT, CMAT, or GMAT are required. If you wish to pursue PhD at this university, you must take the UGC NET or CSIR exam and obtain a valid score.
8. Institute of Business Management & Research
- Type: Private institute
- Established: 1994
- Approval: AICTE
- Accepted Entrance Exams: CMAT
- Rank: 89 out of 100 for MBA category in India by Times of India Ranking 2024
- MBA/PGDM 3 Courses Tuition Fees: 2.3 lakh
- Admissions: Admissions 2024 will start soon
Affiliated to Devi Ahilya Vishwavidyalaya, Indore, IBMR Indore is renowned for its management studies in Madhya Pradesh. Established in 1994 under lPS Academy, Indore, it offers courses such as MBA, BBA, PGDM and Ph.D. All the courses are approved by AICTE. With a capacity of 300 seats, this MBA college in Indore offers its courses at tuition fees ranging from Rs 230,000 for each of the 300 students.
9. Renaissance University Indore
- Type: Private university
- Established: 2017
- Approval: AICTE
- Accepted Entrance Exams: CAT, MAT, ATMA, XAT
- MBA/PGDM 5 Courses Tuition Fees: 1.6 lakh to 5.5 lakh
- Admissions: Admission 2024 is open
Renaissance University Indore (RU) is one of the newest private educational institutions in Central India. With 34-course streams and a global alumni network of over 60,000 graduates, the university offers diverse programs including bachelor’s and master’s. Prospective students can apply for their preferred course online or offline. Students are admitted to this institute on the basis of their performance in national-level entrance exams.
The university offers integrated programs as well as PG diploma, diploma, and certificate courses. Renaissance University attracts over 350 recruiters annually for placement events, which include opportunities from both domestic and international markets. With the highest international package reaching Rs.13.2 LPA and the highest domestic package reaching Rs. 5.75 LPA, students are offered attractive career opportunities.
10. Govindram Seksaria Institute of Management and Research
- Type: Private institute
- Established: 1997
- Approval: AICTE
- Accepted Entrance Exams: CMAT
- Rank: 63 out of 100 for Management in India 2024 by Times of India
- MBA/PGDM 1 Course Tuition Fees: 1.3 lakh
Govindram Seksaria Institute of Management and Research is a renowned MBA college in Indore. Approved by AICTE, the institute offers postgraduate degree programs. Focusing on full-time programs, the institute offers MBA/PGDM courses in various streams, with an emphasis on business and management studies. Supported by skilled faculty, especially in finance, the institute ensures quality education.
Keeping affordability in mind, the fees for these programs range from Rs. 128,000. This facilitates access to quality education for all students. Moreover, the institute offers excellent infrastructure to support the students’ learning journey with a better experience.
FAQs
1. Is an MBA very costly?
Tuition fees for MBA programs in India vary widely. It ranges from Rs 20,000 to Rs 40 lakh for a two-year full-time MBA program. This wide range reflects the different fee structures at different MBA colleges in India.
2. What is the salary of an MBA in Indore
The average salary of MBA graduates in Indore reaches ₹30.21 lakh per annum in 2023. This is a significant increase of 20.8% from the average ₹25.01 LPA of last year.
3. Which MBA course is best?
There are many courses in MBA. The most popular courses include MBA in General Management, MBA in Finance, MBA in International Management, MBA in International Business, MBA in Marketing, and MBA in Operations Management.
4. Which is the toughest course in MBA?
It actually depends on your skills and ability. Some students find quantitative courses to be the most challenging within an MBA program. These courses, which focus on hard skills, cover topics, such as finance, economics, statistics, and accounting. In contrast, students who have a strong technical or mathematical foundation may find these courses comparatively less challenging than their counterparts.
Conclusion
Indore offers a vibrant ecosystem of MBA colleges. MBA colleges in Indore offer diverse specializations and cutting-edge curricula, which meet the emerging demands of the industry. At MBA colleges, students get the benefit of experiential learning opportunities, internships, and placements in reputed companies.
To choose an MBA college, you should consider a few factors, such as the reputation of the college, the faculty body, and its program offerings. Tuition fees are another important factor you should consider. Tuition fees for MBA degree programs vary between institutes. So, compare the tuition fees of each MBA college and choose the college that suits your budget.
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