Indore has transformed itself today as a thriving metropolis in Madhya Pradesh, recognized not only for industrial growth but also due to the strong base it has become for having good access to education, affordable living, and proximity to the industries to bring the best of what the aspirant management candidate requires.
Over 130 MBA colleges in Indore and it is known for some of India’s most reputed institutes for MBA, including Indian Institute of Management, IIM Indore, among other emergent private and public universities.
In this blog we will discuss the top MBA colleges in Indore-their detailed courses, fee structures, rankings, admission criteria, and placement prospects. So keep reading to get the full idea about the top MBA colleges in Indore!
Get the first AiExpertEdge CAT Online Course with 20% Discount
Why an MBA in Indore?
Indore is definitely one of the cities for those who are ready and willing to pursue a management degree. Here’s why it is one of the best MBA Colleges in Indore destinations for the aspirants:
- The rich standard of academics clubbed with excellent education opportunities presented through IIM Indore in association with DAVV, which are true to the global standards.
- Indore is known as an industrial hub as indore has vast opportunities to interact with top firms for internships and placements.
- The city caters to students from all strata as it provides a very wide range of fee structures.
- Being cosmopolitan, Indore has a rich cultural setting which enriches the life of the students.
- Since there are numerous industries and corporate offices near the city, students get an advantage of having better placement opportunities and networking too.
Best MBA Colleges in Indore: A Detailed Review
Some of the best MBA colleges in Indore for MBA with their unique offerings, fee structures, admission processes, and placement outcomes are as follows:
1. Indian Institute of Management (IIM) Indore
-
- Fees: INR 17 lakh-INR 35 lakh
- Seats: 212
- Entrance Exam: CAT
- Eligibility: The candidate must possess a bachelor’s degree with at least 50% aggregate. For reserved categories, it is 45%.
- Important Pointers:
-
- IIM Indore is one of the best MBA colleges in Indore which comes with a rigorous curriculum along with international-level exposure.
- Has a highly accessible flagship program like PGP mainly on leadership and strategic management.
- Average placement package varies between INR 25 to 30 LPA from some of the noted recruiters like Amazon, McKinsey & Company, and Deloitte.
2. Devi Ahilya Vishwavidyalaya (DAVV)
-
- Fees: INR 90,000 – INR 2 lakh
- Seats: 13,230 (across the affiliated colleges)
- Entrance Exams: CMAT, CUET-PG, CAT, MAT, XAT
- Eligibility: Bachelor’s degree in any stream with minimum 45% aggregate.
- Key Highlights:
-
- MBA courses in DAVV are very low-cost even with specializations: HR, marketing, finance and operations
- Student profile of the colleges under DAVV is highly diverse and give equal importance to the theory as well as practical evaluation of the management learning
- The placement is by such top companies as HDFC Bank, Reliance and Infosys
3. Prestige Institute of Management and Research (PIMR)
-
- Fees: INR 3 lakh
- Seats: 900
- Entrance Exam: CMAT
- Eligibility: Bachelor’s degree with an aggregate of 50%.
- Key Highlights:
-
- PIMR is particularly famous for industry-oriented courses and one of the best MBA colleges in Indore with faculty expertise.
- The MBA here has a great placement support: around INR 5-7 LPA packages.
- Some primary recruiters include Axis Bank, Capgemini, and Byju’s.
4. Jaipuria Institute of Management, Indore
-
- Fees: INR 12 lakh
- Seats: 180
- Entrance Exams: CAT, MAT, XAT, CMAT
- Eligibility: Bachelors’ degree with at least 50% aggregate.
- Key Highlights:
-
- Jaipuria institute provides practical learning through live projects and internships which makes it one of the best and leading MBA colleges in Indore.
- Good faculty and infrastructures highlight
- Average compensation of Rs. 8 – 10 LPA, and some good recruiters like Wipro, Tata Motors and Cognizant.
5. SAGE University
-
- Fees: INR 2 lakh- INR 18 lakh
- Seats: 840
- Entrance Exams: SEE, CAT, XAT, MAT
- Eligibility: Bachelor’s degree with a minimum of 50% aggregate.
- Key highlights
-
- SAGE University places its emphasis on entrepreneurial learning and innovation and provides the students with dynamic MBA courses
- Industry collaboration and global tie-ups will provide exposure
- Placement package ranging from INR 6 -8 LPA
6. Medi-Caps University
-
- Fees: INR 2.05 lakh
- Entrance Exams:CMAT, CAT
- Eligibility: B. Com/ B.A /B. Sc/ B.B.A with at least 50% aggregate.
- Key Highlights:
-
- Medi-Caps offers an MBA that specializes in analytical and leadership skills which makes it one of the premiere MBA colleges in Indore.
- Practicals are also done through internships with leading firms.
7. Symbiosis University of Applied Sciences (SUAS)
-
- Fees: INR 11.3 Lakh
- Entrance Exams: CMAT, MAT
- Eligibility: Graduation with 50% aggregate.
- Key Highlights:
-
- The theoretical learning is merged with practical exposure to the real world at SUAS.
- It provides placements from IT, manufacturing, and the banking sectors with salaries ranging from INR 6 to 8 LPA.
8. NMIMS University, Indore
-
- Fees: INR 13.82 lakh – INR 15 lakh
- Entrance Exams: NMAT, NPAT
- Eligibility: Bachelor’s degree with at least 50% aggregate.
- Key Highlights:
-
- NMIMS offers specific MBA courses in finance, marketing, and analytics and is one of the best MBA colleges in Indore.
- Its curriculum is based on global industrial requirements, enhanced through strong placement activities.
9. Dr. B.R. Ambedkar University of Social Sciences
-
- Fees: 57,000 INR
- Number of Seats:61
- Eligibility: Graduation bachelor’s degree with 50% aggregate.
- Key Highlights:
-
- The university offers highly affordable courses which generally focus on social sciences and management in the rural areas
- It opens up opportunities for students to community-led initiatives and collaborative NGOs.
10. Acropolis Institute of Technology and Research
-
- Fees: INR 1 lakh
- Seats: 120
- Entrance Exams: CMAT
- Eligibility: Bachelor’s degree with at least 50% aggregate.
- Key Pointers:
-
- The fee for the MBA by Acropolis is quite affordable.
- The placement cell of the institution is active with the presence of recruiters from manufacturing, IT, and banking domains.
Admission to MBA Colleges in Indore
- The admission process to the colleges is multi-tiered.
- Qualifying Exams: Most of the colleges accept scores from exams such as CAT, CMAT, MAT, XAT, and NMAT.
- Application Process: The application forms are also submitted online along with attachments and application fees.
- Selection Rounds: The shortlisted candidate will have to undergo Group Discussions (GD), Personal Interviews (PI), and Written Ability Tests (WAT).
- Last Merit List: Colleges also bring a list on the basis of marks gathered in various exams, also on the basis of their performance in GD/PI, and also by considering all their academic performance.
Placement Trends at Indore
A location and industrial presence do enhance the placement opportunities for an MBA graduate at Indore.
Major Recruiter
At IIM Indore: Amazon, Deloitte, McKinsey & Company.
At Jaipuria Indore: Wipro, TCS, Cognizant.
PIMR: Capgemini, HDFC Bank, Byju’s.
Average Package
IIM Indore: INR 25-30 LPA.
Jaipuria Indore: INR 8-10 LPA.
PIMR: INR 5-7 LPA.
Also learn the Top 10 Government MBA Colleges in India
Conclusion
An MBA aspirant cannot find the ideal location to pursue his dreams. Whether it is the big and premier institute, IIM Indore, or other money-value colleges, such as DAVV and PIMR, the city offers diversified options according to different budgets and career aspirations. The affordability and excellent connectivity combine to enable a dream future through placement opportunities. MBA colleges in Indore promise affordable living with all amenities.
Invest in your career by choosing Indore: a city that combines academic excellence, industry exposure, and cultural vibrancy to nurture the leaders of tomorrow.
From Where You Can Prepare for an MBA?
In order to get yourself enrolled into one of these top colleges for pursuing an MBA you will be required to clear the toughest MBA entrance exams along with a good percentile which is not practically possible without proper guidance.
Further, suppose you are confused from where to start your CAT Preparation. In that case, AI ExpertsEdge is there to provide you with structured CAT Online courses where you will not only be getting proper guidance but also will be getting 24×7 doubt-clearing sessions clubbed with AI-powered tests and so on.
