The well-known export houses and developing business culture of Indore make it a great place to get an MBA. There is a great return on investment due to the city's wealth of job opportunities and the reasonably priced, high-quality education that students obtain.
In Indore, the MBA is one of the most popular postgraduate programmes. Several corporate job opportunities are accessible through the two-year program. Madhya Pradesh, an Indian state, includes the city of Indore, which is renowned for its food, textiles, and rich cultural legacy.
As rich in its culture, Indore is also quite rich in management institutes also, it provides many of management institutes which are popular in offering numerous specializations, great placement and also a bright and secure future.
You may got to know more Top MBA colleges in Indore in this article in detail along with complete detail of fees, scholarship, placement and eligibility criteria.
The top MBA colleges in Indore are highly regarded for their comprehensive management education, industry exposure, and placement opportunities. These colleges include;
S. No
Name of College
1.
Indian Institute of Management (IIM), Indore
2.
Prestige Institute of Management and Research (PIMR)
3.
Institute of Business Management and Research (IBMR)
4.
Govindram Seksaria Institute of Management and Research (GSIMR)
5.
Jaipuria Institute of Management
6.
Acropolis Faculty of Management and Research (AFMR)
7.
Sage Institute of Management Studies
8.
Lal Bahadur Shastri Institute of Technology and Management (LBSITM)
9.
CH Institute of management & Commerce
10.
Pioneer Institute of Professional Studies (PIPS)
11.
Graduate School of Business (GSB)
12.
Sanghvi Institute of Management and Science.
13.
Narsee Monjee Institute of Management studies
14.
Institute of Management Studies Devi Ahilya University
15.
Medi- Caps University (Faculty of Management Studies)
Several of the top MBA colleges in Indore have been identified by the National Institutional Ranking Framework (NIRF) Ranking 2023. These rankings provide useful information for professionals and students wishing to explore career opportunities in management. According to the NIRF Ranking 2023, a few of top MBA colleges in Indore colleges are as follows:
S.No
NIRF Ranking
8th
Entrance exams, such the CAT, XAT, or GMAT, or college-specific entrance exams, are required for most of the top MBA colleges in Indore. These exams are followed by GD/PI rounds. Many entrance tests are accepted for program admission by the top MBA colleges in Indore. The colleges' accepted entry examinations are given below.
Entrance Exams
IPMAT, CAT, GMAT (Further they also conduct written aptitude test (WAT) and research aptitude test (RAT)]
CMAT
CMAT, ATMA, CAT, XAT, MAT
-
CMAT, CAT, XAT, MAT, ATMA
SAGE-JEE
CAT/ MAT/ CMAT/ XAT/ GMAT/ GRE/ CET/ LBSMAT
CAT/ XAT/ MAT.
NMIMS - NMAT
CAT, CMAT & GMAT
The eligibility criteria offered by these top MBA colleges of Indore is described below-
1. Indian Institute of Management (IIM), Indore :
2. Prestige Institute of Management and Research (PIMR) :
3. Institute of Business Management and Research (IBMR) :
4. Govindram Seksaria Institute of Management and Research (GSIMR) :
5. Graduate School of Business :
6. Jaipuria Institute of Management :
7. Acropolis Faculty of Management and Research (AFMR) :
8. Sage Institute of Management Studies :
Sport/Cultural Performance
9. Lal Bahadur Shastri Institute of Technology and Management (LBSITM) :
10. CH Institute of management & Commerce :
11. Pioneer Institute of Professional Studies (PIPS) :
12. Sanghvi Institute of Management and Science :
13. Narsee Monjee Institute of Management studies :
14. Institute of Management Studies Devi Ahilya University :
15. Medi- Caps University (Faculty of Management Studies) :
The return on investment (ROI) is a crucial factor to consider when selecting a top MBA college in Indore. It provides valuable insights into the profitability of joining a particular college and course, offering a comparison of the return on investment. The following are some of the top MBA colleges in Indore ranked by ROI:
Fee Structure- Approx (in Rs.)
Placement Details
PGP & IPM (Indian)- 11,04,679/-
16,04,679/- (NRI/Foreign)
Highest CTC- INR 1.14 CPA
64,000/- Per Year
Highest CTC- INR 10.00 LPA
Average CTC- INR 4.00 LPA
1,15,000/-
Highest CTC- INR 10,00,000/-
Graduate School of Business
12,00,000/-
Highest CTC- INR 22 LPA
Average CTC- INR 11.08 LPA
1,13,500/-
Highest CTC- INR 10.50 LPA
Average CTC- INR 3.75 LPA
60,000/- to 1,37,000/- (varied according mba programs)
Median CTC- INR 4.21 LPA
3,25,000/-
Highest CTC- INR 21 LPA
Average CTC- INR 8.2 LPA
58,000/- Per year
56,500/- per year
1,30,000/- per year
8,50,000/- First year fee
Highest CTC- INR 16.8 LPA
Average CTC- INR 12.5 LPA
1.22 LPA – 1.27 LPA
Highest CTC- INR 6.50 LPA
Average CTC- INR 5.10 LPA
Highest CTC- INR 48 LPA
Median CTC- INR 4.25 LPA
To meet students' varied interests and career aspirations, top MBA colleges in Indore usually provide a broad choice of specialties. Specializations may not be offered at every institution. The specializations that these colleges often offer their students are listed below.
In conclusion, MBA colleges in Indore provide an extensive range of specializations for their top MBA programs. Regardless of their future goals—marketing, finance, HR, or any other field—top MBA colleges in Indore equip students with the skills, contacts, and information necessary to grow in their jobs.
Because of their excellent facilities, highly qualified faculty, and rigorous academic programs, these universities offer their students an all-encompassing educational experience. These universities are committed to producing informed and creative leaders, and they offer a wide range of specializations in addition to stringent admissions requirements. As such, they play a crucial role in shaping the future course of India's corporate environment.
In general, acquiring an MBA from one of the top MBA colleges in Indore may prove to be a prudent career decision for those who wish to excel in the business sector.
Q.1 Is Indore a decent place to study PGDM and MBA programs?
Ans. Yes, a candidate can study for an MBA in Indore, as the city is home to four or five excellent MBA institutes. One of the branches of IIM, the best MBA school in India, is located in Indore. Apart from that, there are numerous additional universities, including Devi Ahilya University and the Institute of Management Studies.
Q.2 How many MBA colleges are there in Indore?
Ans. There are 130 MBA colleges in Indore.
Q.3 Which are the best MBA colleges in Indore?
Ans There are several well-known MBA colleges in Indore, including IIM Indore Jaipuria Indore , Prestige Institute of Management and Research , IPS Academy Institute of Business Management and Research, SAGE University, Shivajirao Kadam Institute of Technology & Management, Shri Vaishnav Institute of Management etc.
Q.4 What are some popular MBA specializations offered by top MBA colleges in Indore?
Ans. Some of the popular MBA specializations offered by top MBA colleges in Indore include Financial Services, Human Resource Management, Marketing Management, and General Management etc.
Q.5 How pursuing an MBA from Indore benefits students?
Ans. Pursuing an MBA from Indore can be beneficial for students in several ways. Here are some of the benefits: Better Placement, Networking with Business World, Affordable fees, Enhancement of Entrepreneurial Skills & Skill Development.