Top MBA Colleges in Indore

List of Top MBA Colleges in Indore
 

1. Indian Institute of Management (IIM) Indore

Overview

Established in 1996, IIM Indore is one of the most prestigious management institutes in India and part of the elite IIM family. Known for academic excellence, global exposure, and outstanding placements, IIM Indore consistently ranks among the top 10 B-schools in the country.

Courses & Specializations

• Post Graduate Programme in Management (PGP)
• Integrated Programme in Management (IPM) – 5 years
• Executive MBA & Doctoral Program

Eligibility & Admission

• Bachelor’s degree with at least 50% marks
• Admission via CAT (Common Admission Test)
• Group discussion, Written Ability Test (WAT), and Personal Interview

Fee Structure

₹20.62 Lakhs for the PGP program

Placement Highlights

• Average Package: ₹29.57 LPA
• Highest Package: ₹70 LPA
• Top recruiters: McKinsey, BCG, Amazon, Deloitte, Google

Infrastructure & Facilities

World-class library, Bloomberg labs, digital classrooms, auditoriums, sports complexes, and student exchange programs with top international universities.

2. NMIMS, Sanghvi Institute of Management & Science

Overview

NMIMS (Narsee Monjee Institute of Management Studies) has established a strong presence across India, it offers industry-relevant MBA programs. Known for its modern pedagogy and corporate tie-ups, it provides a competitive edge to students.

Courses & Specializations

• MBA in Marketing, Finance, HR, Analytics, Strategy and Operations
• BBA and other management programs

Eligibility & Admission

• Bachelor’s degree in any discipline with 50% marks
• Admission via NMAT + Interview

Fee Structure

₹18 Lakhs (approx.)

Placement Highlights

• Average Package: ₹12.5 LPA
• Recruiters: ICICI Bank, Deloitte, HDFC Bank, Infosys, TCS

Infrastructure & Facilities

Wi-Fi enabled campus, libraries, case-study-based teaching, incubation centers, and industry projects.

3. Symbiosis University of Applied Sciences (SUAS)

Overview

A part of the prestigious Symbiosis group, SUAS Indore offers industry-driven MBA programs with a strong focus on applied learning. Its curriculum emphasizes internships, live projects, and global exposure.

Courses & Specializations

• MBA in Marketing, HR, Banking & Finance, Media Management
• BBA and other management programs

Eligibility & Admission

• Graduation with 50% marks
• Admission via SNAP/other national entrance exams + GD/PI

Fee Structure

₹12.50 Lakhs

Placement Highlights

• Average Package: ₹6 - 8 LPA
• Recruiters: Wipro, Infosys, Capgemini, Deloitte, Mahindra

Infrastructure & Facilities

Smart classrooms, well-equipped labs, innovation hubs, hostels, and a modern digital library.

4. Sushila Devi Bansal College

Overview

Founded with the vision of offering affordable yet quality higher education, Sushila Devi Bansal College is a reputed name in Indore’s management education sector. The MBA program focuses on holistic development with industry-oriented learning.

Courses & Specializations

• MBA in Marketing, Finance, HR, Business Analytics and IT

Eligibility & Admission

• Graduation with 50% marks
• Admission via CMAT/CAT/MAT

Fee Structure

₹1 - 1.50 Lakhs (approx.)

Placement Highlights

• Average Package: ₹3 - 5 LPA
• Recruiters: HDFC, ICICI, Infosys, Tech Mahindra

Infrastructure & Facilities

Library, computer labs, hostel, transport, sports facilities, and industry tie-ups.

5. Malwa Institute of Technology

Overview

Malwa Institute of Technology (MIT) is known for its focus on technical and management education. Its MBA program is structured to build managerial skills with practical exposure.

Courses & Specializations

• MBA with dual specialization options

Eligibility & Admission

• Graduation with 50% marks
• Admission through CMAT/CAT/XAT

Fee Structure

₹1.05 Lakhs (approx.)

Placement Highlights

• Average Package: ₹3 - 5 LPA
• Recruiters: Infosys, TCS, HDFC, Wipro

Infrastructure & Facilities

Labs, libraries, auditoriums, hostel, and training programs.

6. Sanghvi Institute of Management & Science

Overview

Sanghvi Institute is a reputed institution in Indore offering MBA programs with an emphasis on practical learning and corporate readiness.

Courses & Specializations

• MBA in Finance, HR, IT, Marketing

Eligibility & Admission

• Graduation with 50% marks
• Admission via institute-level test

Fee Structure

₹90,000 (approx.)

Placement Highlights

• Average Package: ₹3 LPA
• Recruiters: Deloitte, Amazon, ICICI Bank, TCS

Infrastructure & Facilities

Library, IT-enabled classrooms, hostel facilities, and placement support.

7. Institute of Management Studies (IMS)

Overview

IMS Indore, under DAVV (Devi Ahilya Vishwavidyalaya), is one of the oldest and most reputed management institutes in central India. Known for its academic rigor, IMS has produced successful business leaders and entrepreneurs.

Courses & Specializations

• MBA (Full-time, Part-time, Executive)
• Specializations in Finance, HR, Marketing, Systems, International Business

Eligibility & Admission

• Graduation with 50% marks
• Admission via CMAT

Fee Structure

₹1.98 Lakh

Placement Highlights

• Average Package: ₹4 - 5 LPA
• Recruiters: Infosys, TCS, HDFC Bank, Capgemini

Infrastructure & Facilities

Research centers, hostels, library, and career counseling cell.

8. Prestige Institute of Management and Research (PIMR)

Overview

Prestige Institute of Management and Research (PIMR) is one of the most sought-after private business schools in Indore. With strong academic reputation and excellent placements, it ranks among the top MBA colleges in Madhya Pradesh.

Courses & Specializations

• MBA in Marketing, HR, Finance, International Business, Advertising & PR

Eligibility & Admission

• Graduation with 50% marks
• Admission via CMAT + GD/PI

Fee Structure

₹2.50 Lakhs

Placement Highlights

• Average Package: ₹4.41 LPA
• Recruiters: Deloitte, EY, ICICI Bank, HCL, Infosys

Infrastructure & Facilities

Modern classrooms, innovation labs, library, hostel, and entrepreneurship cell.

9. Acropolis Institute of Technology and Research

Overview

Acropolis Institute is popular for both technical and management programs. Its MBA program blends academic learning with professional training to prepare students for corporate roles.

Courses & Specializations

• MBA with dual specialization options

Eligibility & Admission

• Graduation with 50% marks
• Admission via CMAT

Fee Structure

₹1.39 Lakhs

Placement Highlights

• Average Package: ₹4 - 5 LPA
• Recruiters: Infosys, Cognizant, Deloitte, TCS

Infrastructure & Facilities

Wi-Fi campus, digital library, incubation centers, hostel, and sports facilities.

10. Medi-Caps University

Overview

Medi-Caps University, one of the most recognized private universities in Indore, offers MBA programs with a focus on research and innovation.

Courses & Specializations

• MBA in Finance, Foreign Trade, HR, Logistic and Supply Chain Management, Marketing Management, Business Analytics

Eligibility & Admission

• Graduation with 50% marks
• Admission via CMAT/CAT/MAT

Fee Structure

₹3.20 Lakhs

Placement Highlights

• Average Package: ₹7 LPA
• Recruiters: TCS, Infosys, Wipro, Deloitte, HDFC Bank

Infrastructure & Facilities

Hostel, auditorium, research labs, modern classrooms, and industry tie-ups.

Comparison Table

Eligibility Criteria for MBA in Indore

• Bachelor’s degree in any discipline with at least 50% marks (45% for reserved categories)

• Valid scores in CAT, XAT, MAT, CMAT, GMAT, or state-level entrance exams

• Some institutes allow direct admission based on merit

Admission Process

1. Entrance Exam: Appear for CAT/CMAT/XAT/MAT or institute-level tests

2. Shortlisting: Based on entrance scores & academics

3. GD/PI/WAT: Group Discussion, Personal Interview, and Written Test

4. Final Admission: Composite score including academics, test scores, and work experience

Why Choose Indore for MBA?

• Diverse Range of Institutes – From IIM Indore to affordable private universities.
• Industrial & Business Hub – Opportunities in IT, finance, and manufacturing sectors.
• Student-Friendly City – Affordable cost of living and great lifestyle.
• Placement Opportunities – Strong recruiter presence due to growing corporate ecosystem.

FAQs 

Q1. Which is the best MBA college in Indore?
IIM Indore is the best MBA college in Indore and one of the top 10 B-schools in India.

Q2. What is the average MBA fee in Indore?
MBA fees in Indore range from ₹1.5 Lakhs to ₹23 Lakhs, depending on the institute.

Q3. What exams are accepted by MBA colleges in Indore?
CAT, CMAT, MAT, NMAT, and SNAP are widely accepted.

Q4. Do Indore MBA colleges provide international exposure?
Institutes like IIM, NMIMS, and Symbiosis have international collaborations and exchange programs

Q5. Can I get admission in Indore MBA colleges without CAT?
Yes, many colleges accept CMAT, MAT, NMAT, or conduct their own entrance tests.

Indore has established itself as a top spot for management education in India. With IIM Indore’s worldwide reputation and the strong industry ties of Prestige, NMIMS, Symbiosis, and Medi-Caps, the city provides MBA hopefuls with plenty of chances to create successful careers. Due to its budget-friendly options, impressive return on investment, and excellent placement rates, Indore is surely a top choice for MBA studies in India.