Indore is considered to be one of the finest cities of Madhya Pradesh, acting as a major educational destination. Indore City is an excellent candidate for anybody looking for management education in a culturally vibrant city. As the Educational Centre of Madhya Pradesh, it has 86 of India’s greatest MBA colleges in Indore.
Actually, an MBA or Master of Business Administration is a postgraduate business degree offered to the students in the field of management in various critical domains associated with the business domain, including accounting, marketing, finance, management, human resources. The Post Graduate Diploma in Management (PGDM) by institutions in India is considered equivalent to an MBA degree.
The programme of MBA / PGDM is mostly a two-year programme with four semesters. Some colleges have three semesters. For individual selection to the MBA Colleges, entrance exams, group discussions, and personal interviews are conducted. Admission to MBA colleges in Indore can be secured by appearing for entrance exams such as CAT, MAT, XAT, and CMAT.
Best MBA Colleges in Indore: Key Highlights 2024
Indore is home to approximately 86 leading MBA colleges. Out of these, 79 are private while 7 are public or government universities. MBA stands out as a highly sought-after postgraduate program in Indore. The two-year program does help the student prepare for different career choices. Most universities choose applicants on test scores, grades, and work experience. After getting shortlisted, you have to take a Written Aptitude Test (WAT), participate in Group Discussion (GD), and face a Personal Interview (PI).
Here are the basic informations about the MBA colleges in Indore:-
| Total MBA colleges | 86 |
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| Privately owned MBA colleges | 79 |
| public/government-owned MBA colleges | 7 |
| MBA Programs offered in Indore |
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| Entrance Exams |
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| MBA Specializations |
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Top 10 MBA Colleges in Indore
Master of Business Administration is a postgraduate degree taking 2 years to complete after getting a bachelor’s degree. Within the MBA course, students are provided with Many topics related to business management. Top 10 MBA Colleges in Indore are inspected on parameters like quality of education, admissions, infrastructure, faculty, placement, etc.
Here is the list of the Top 10 MBA Colleges in Indore along with the fee structure:-
| S.NO | Institute Name | Fees | Exams Accepted |
|---|---|---|---|
| 1 | Indian Institute of Management – [IIM], Indore | INR 20,10,800 |
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2 |
CH Institute of Management & Commerce – [CHIMC], Indore | INR 1,16,000 |
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3 |
Prestige Institute of Management and Research – [PIMR], Indore | INR 2,37,500 |
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4 |
Renaissance University – [RU], Indore | INR 1,56,000 |
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5 |
Jaipuria Institute of Management, Indore | INR 10,25,000 |
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6 |
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | INR 7,27,000 |
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7 |
Institute of Business Management & Research – [IBMR], Indore | INR 2,30,000 |
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| 8 | Institute of Management Studies, Devi Ahilya Vishwavidyalaya – [IMS-DAVV], Indore | INR 81,750 |
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9 |
Radiant Institute of Management & Science (RIMS), Indore | INR 1,47,200 |
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10 |
International Institute of Professional Studies – [IIPS], Indore | INR 1,58,664 |
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Admission Procedure to top MBA colleges in Indore
The best MBA colleges in Indore offer admissions for the students based on the grades and entrance exams. There are around 86 MBA colleges in Indore which include 79 private and 7 government colleges. Most of the MBA colleges in Indore provide MBA admissions based on the scores from MBA entrance exams.
Such entrance exams may be held at the national, state, or university level. Here is the admission process:-
- Applicants must possess a degree in any subject or equivalent qualification from a recognized university.
- Most schools require a minimum overall grade of 50% in marks or an equivalent CGPA to graduate.
- For students in reserved categories, the lowest mark needed is 45% or the same as CGPA.
- Final year students can also opt for an MBA.
- Now after the declaration of the results, each of its affiliated colleges will provide its own final score. According to marks received by respective colleges, a student will get admission into the college if s/he scores at least the minimum marks decided by that particular college.
- Most colleges receive students in as many as 5 rounds.
- If students meet the required standards, they must take part in personal interviews and group discussions.
- The college accepts students based on a score limit, personal interviews, and group discussions.
- After clearing all the rounds, the student needs to pay fees and do all necessary things to get admitted into top MBA colleges in Indore.
Common Entrance Exam for MBA Schools in Indore
MBA colleges in Indore accept students based on their previous academic performance for this 2-year program. A few schools also select based on entrance examination results. These are conducted to check the logical and mathematical skills of the candidates.
Here are the different entrance exams accepted by the top 10 MBA colleges in Indore:
CAT (Common Admission Test)
- Registration Date:1 August 2024
- Last Date: 13 September 2024
- Test Date: 24 Nov 2024
This is a computer-based entry test for higher education. It has three subtests: oral and reading skills, information interpretation and logical thinking, and quantitative skills. Graduation is the eligibility criterion for CAT, with a CGPA of above 50 percent, 45 percent Scheduled castes (SC), Scheduled tribes (ST), and Persons with Disabilities (PWD) /classification is available (DA).
XAT (Xavier Aptitude Test)
- Registration Date: July 15, 2023
- Last Date: December 10, 2023
- Date of Test: January 7, 2024
Entry to Xavier School of Management in Jamshedpur is done through national-level management tests taken at XLRI and 148 other XAT schools all over the nation. A qualification in higher education in any field is required to appear for the XAT exam. One should have a bachelor’s program for more than 3 years for this exam. One can sit for the exam as soon as they complete graduation.
MAT (Management Aptitude Test)
- Date of Registration: 20 February, 2024
- Last Date: March 5, 2024
- Date of Examination: 10 March, 2024
The MAT qualification assists the students in entering the Master of Business Administration (MBA) program and over 600 business schools in India. Candidates can take the computer or paper test. Candidates may further choose to give it both in English and Hindi. All graduates, and final-year students, of any discipline are permitted to appear for the test. The test is allowed four times a year: February, May, September, and December.
NMAT (Narsee Monjee Aptitude Test)
- Registration Date: August 1, 2024;
- Last Date: October 10, 2024
- Exam Date: 10 October to 19 December 2024.
NMAT by GMAC provides a national test for MBA programs of one of the leading business colleges in India, as well as other well-known business schools across the world. The NMAT of GMAC score is decided based on the performance of candidates in three segments: Language Skills, Quantitative Skills, and Logical Reasoning. The candidates need to choose five schools to which they will apply and those schools may have separate admission guidelines.
GMAT (Graduate Management Admission Test)
- Registration Date: 29 August, 2023
- Last Date: January 31, 2024
- Exam Date: May 2024
It is a computer test referred to as the GMAT. It tests for certain skills such as thinking, writing, math, speaking, and reading. People take up this test to graduate from business or management programs, like an MBA. A candidate can take the test at least 5 times in a year and a total of up to 8 times. There must be a break of 16 days between tests.
Best Private MBA Colleges in Indore
There are 86 colleges offering the MBA degree in Indore, but 79 out of them are private institutions. CAT, MAT, XAT, and CMAT have become the most common entrance exams, popularly preferred for the best MBA colleges in Indore. Private colleges in Indore have very high fees; however, they make every effort to provide the most modern facilities needed for an extraordinary campus experience and quality education.
Let’s look at some important points regarding Private MBA colleges in Indore.
| S.NO | Private Institutes | Fees | Entrance Exam |
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| 1 | Jaipuria Institute of Management Indore | INR 10,00,000 |
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| 2 | Prestige Institute of Management and Research, Indore | INR 1,59,000 (1st Yr Fees) |
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| 3 | SAGE University, Indore | INR 90,000 (1st Yr Fees) |
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| 4 | Acropolis Institute of Technology and Research, Indore | INR 1,14,000 (1st Yr Fees) |
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| 5 | Symbiosis University of Applied Sciences Indore | INR 11,30,000 |
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Best Government MBA Colleges in Indore
Of the 87 best MBA colleges in Indore, 7 are public or government universities. The two-year MBA provides a base for many career possibilities. The Government MBA colleges have low fee structures compared to private colleges primarily due to the fact that there is government funding involved. Another advantage besides low educational qualification is that courses at the best MBA colleges in Indore and placement facilities for work opportunities are also of significant value.
| S.NO | Government Colleges | Fees | Entrance Exam |
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| 1 | IIM Indore | INR 20,10,800 |
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| 2 | DAVV Indore | INR 61,500 (1st Year Fees) |
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| 3 | Devi Ahilya Vishwavidyalaya, Indore | INR 87,100 – INR 1,80,000 |
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| 4 | Dr. B.R. Ambedkar University of Social Sciences, Indore | INR 57,080 |
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| 5 | Radiant Institute of Management & Science (RIMS), Indore | INR 68,600 (1st Yr Fees) |
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Cut-off Scores for MBA Colleges in Indore
The entrance exam cut-off lists of MBA Colleges in Indore were distributed for admitting the respective students into the program. This list makes it clear to all the eligible students by outlining the score set. The cut-offs are determined by entrance exams carried out by MBA Colleges in Indore for admission. Best MBA colleges in Indore cut-off lists:.
| Institute Name | Cut-off score/rank |
|---|---|
| Indian Institute of Management – [IIM], Indore | 90 (general category) |
| CH Institute of Management & Commerce – [CHIMC], Indore | 1766 (for the year 2022) |
| Prestige Institute of Management and Research – [PIMR], Indore | 211 (general category) |
Placements for Top MBA Colleges in Indore
Placements are very important in the final year of MBA. Universities keep records of all the students’ placements and help them at the beginning of their careers in business administration and management. There are some of the best colleges for MBA in Indore with good records of placements, which attract a great number of students. Here are a few of them.
| S.No | Colleges | Highest Package | Average Package | Recruiters |
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| 1 | IIM Indore | INR 27,00,000 Per Annum | INR 22,00,000 Per Annum |
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| 2 | CH Institute of Management & Commerce – [CHIMC], Indore | INR 6,50,000 Per Annum | INR 2,80,000 Per Annum |
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| 3 | Prestige Institute of Management and Research – [PIMR], Indore | INR 32,00,000 Per Annum | INR 4,41,000 Per Annum |
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| 4 | Renaissance University – [RU], Indore | INR 5,75,000 Per Annum | INR 8,95,000 Per Annum |
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| 5 | Jaipuria Institute of Management, Indore | INR 8,95,000 Per Annum | INR 22,00,000 Per Annum |
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| 6 | Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore | INR 16,80,000 Per Annum | INR 12,50,000 Per Annum |
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| 7 | Institute of Business Management & Research – [IBMR], Indore | INR 10,00,000 Per Annum | INR 6,00,000 Per Annum |
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Return on Investment for MBA Colleges in Indore
Return on Investment is a rough measure of how much money an investment makes. Students calculate this when they apply to MBA colleges. The Indore MBA colleges have a better Return on Investment (ROI) to enable students to choose their colleges with higher accuracy.
Here is the list of the top Indore MBA colleges with the highest ROI.
| Institute Name | Total Fees | Average Package |
|---|---|---|
| IIM Indore | INR 20,10,800 | INR 22,00,000 |
| CH Institute of Management & Commerce – [CHIMC], Indore | INR 1,16,000 | INR 2,80,000 |
| Prestige Institute of Management and Research – [PIMR], Indore | INR 2,37,500 | INR 4,41,000 |