MBA Colleges in Indore 2021

MBA or Master of Business Administration is a higher education qualification that generally deals with management skills and other important business-related sectors such as accounting, marketing, finance, operations management and human resources. PGDM (Post Graduate Diploma in Management) is an equivalent qualification to an MBA which is being offered by several institutions of India. Both these qualifications are being offered by many institutes and have been trending from the last decade. The reason behind them being famous is the vast career opportunities on offer. There are various kinds of specializations in MBA, such as Finance management, marketing management, human resource management, and media management that the student can pursue.

MBA/PGDM is a 2-year duration course with generally 4 semesters. Some colleges may also keep tri-semesters. The selection of an individual in MBA colleges is generally through entrance exams followed by group discussion and personal interview. All top colleges take admission only based on entrance exams. The famous entrance exams for MBA/PGDM are CAT, MAT, XAT, and CMAT.

In India, many states have good MBA colleges, one of which is Madhya Pradesh. In the state, you can find some of the best MBA colleges in Indore, which is a prominent city. In this article, we will see all the list of colleges for MBA/PGDM courses in Indore and important information highlighting their various aspects.

Top MBA/PGDM Colleges in Indore (NIRF 2020 Ranking)

NIRF is a platform which is very famous all over India and among students to see the rankings of their preferred colleges in different educational sectors. NIRF was established and launched in September 2015, and since then, it has been providing rankings to various colleges in different courses.

It is a government website and is managed by the Ministry of Human Resource Development. In the management sector, it ranks 100 colleges from all over India which provide various management courses.

Mentioned below are the list of MBA colleges in Indore based on their NIRF 2020 Ranking: -

Name of the College	NIRF 2020 Score	NIRF 2020 Rank
Indian Institute of Management Indore	69.04	7

List of MBA/PGDM Colleges in Indore (Careers 360)

There are also other nice and top websites which rank management colleges on their parameters. Students should see rankings provided on Careers360 as well. It is a trustworthy website and provides many features related to career inquiries. Careers360 was launched in 2007, and since then, it has been providing rankings, ratings, and details about top colleges of India. Not only that, but it also provides details of all possible colleges in different sectors of a particular state. Below we have mentioned all the best MBA colleges in Indore which were rated by Careers360: -

Name of the college	Careers 360 Rating
Indian Institute of Management (IIM Indore)	AAAAA
Institute of Business Management and Research, IPS academy	AAA
Institute of Management Studies Devi Ahilya University	AAA
Jaipuria Institute of Management	AA+
Prestige Institute of Management and Research	AA+
Sanghvi Institute of Management and Science	AA

List of MBA/PGDM Colleges in Indore (Course Fees)

Some MBA Colleges in Indore are quite expensive, while others are affordable. MBA in all over India is a quite expensive course, but students opt for it because the salary packages after MBA are quite nice if you are in one of the good colleges.

Generally, the fees are decided on the Facilities and amenities which are provided by the college. Other than that, it is also decided on how much effort they put in providing education to the students. Below we have mentioned all the top MBA colleges of Indore and their fees.

Name of the College	Fees
Indian Institute of Management	Rs. 5.50 lakhs – 21 Lakhs p.a. (Approx.)
Institute of Business Management and Research, IPS academy	Rs. 1.04 lakhs – 1.71 Lakhs p.a. (Approx.)
Institute of Management Studies Devi Ahilya University	Rs. 1.20 lakhs – 2.96 Lakhs p.a. (Approx.)
Jaipuria Institute of Management	Rs. 7.25 Lakhs p.a. (Approx.)
Prestige Institute of Management and research	Rs. 0.60 - 4.59 Lakhs p.a. (Approx.)
Sanghvi Institute of Management and Science	Rs. 1.30 lakhs – 4.20 Lakhs p.a. (Approx.)
Narsee Monjee Institute of Management Studies	Rs. 7.54 lakhs – 14.50 Lakhs p.a. (Approx.)

List of MBA/PGDM colleges in Indore (Placement Opportunities)

As mentioned earlier, MBA/PGDM courses provide great placement opportunities. Most students go for an MBA Course because of the salary they will receive through it. Many good and top colleges invite top companies for recruiting their students. The minimum package even of an average college would be 3 Lakhs. The highest package can even go till 60 Lakhs per annum.

Below we have mentioned all the List of MBA colleges of Indore and their placement opportunities.

Name of the College	Placement Packages (Median Package)	Top Recruiters
Indian Institute of Management	Rs. 19.40 Lakhs p.a. (Approx.)	The Boston Consulting Group, PwC, Goldman Sachs, JP Morgan Chase & Co., American Express, HUL, Asian Paints, Google, Amazon, and ITC.
Institute of Business Management and Research, IPS academy	Rs. 4.65 Lakhs p.a. (Approx.)	Blue Dart, Cease Fire, HDFC Bank, Future Group, ICICI Bank, Justdial.
Institute of Management Studies Devi Ahilya University	Rs. 4.00 Lakhs p.a. (Approx.)	Deloitte, ACC, Aditya Birla Group, ICICI, Mahindra, Nestle, ITC, Dainik Bhaskar, and Reliance Mobile.
Jaipuria Institute of Management	Rs. 5.30 Lakhs p.a. (Approx.)	Amazon, Deloitte, HDFC Bank, Colgate, Palmolive, E&Y, Genpact, ITC, Asian Paints, Philips, Landmark, Force Motors, Reckitt Benckiser, GSK, Mahindra, and Mahindra, Zomato,
Prestige Institute of Management and Research	Rs. 4.00 Lakhs p.a. (Approx.)	Asian Paints, Axis Bank, Berger Paints, Coca-Cola, Deloitte, Genpact, HDFC Bank
Sanghvi Institute of Management and Science	Rs. 4.80 Lakhs p.a. (Approx.)	Aegon Religare, Angel Broking, Axis Bank, ICICI, Jet Airways, Just Dial, Kotak Securities, Mphasis, NIIT, Reliance Digital, Shoppers Stop, TVS Group
Narsee Monjee Institute of Management studies	Rs. 17.79 Lakhs p.a. (Approx.)	TCS, Microsoft, ICICI Bank, Newgen and Eduonix, Federal Bank, ICICI Bank, RedDot entertainment.

List of MBA/PGDM Colleges in Indore (Entrance Exams)

Entrance exams matter a lot for all the MBA colleges in India. There are many national level exams, state-level exams and institution-based exams which are accepted by MBA Colleges. Some famous exams are CAT, MAT, XAT, and CMAT.

Below we have mentioned all the top MBA colleges in Indore and the exams accepted by them.

Name of the Colleges	Entrance exam
Indian Institute of Management	IPMAT, CAT, GMAT (Further they also conduct written aptitude test {WAT} and research aptitude test {RAT})
Institute of Business Management and Research, IPS academy	CMAT, ATMA, CAT, XAT, MAT
Institute of Management Studies Devi Ahilya University	CMAT
Jaipuria Institute of Management	CMAT, CAT, XAT, MAT, ATMA
Prestige Institute of Management and research	CMAT
Sanghvi Institute of Management and Science	CMAT
Narsee Monjee Institute of Management Studies	NMIMS - NPAT

Popular specializations for MBA/PGDM and top MBA colleges in Indore offering them

As mentioned earlier, in MBA/PGDM courses further in the 2nd year, students can also do specializations in various areas.

We have mentioned the top 3 famous specialization areas in MBA course and top MBA colleges in Indore offering them: -

1. Financial Services in MBA / PGDM

a. Institute of Business Management and Research, IPS academy

b. Institute of Management Studies, Devi Ahilya University

c. Prestige Institute of Management and Research

2. Human Resource Management

a. Institute of Management Studies Devi Ahilya University

b. Prestige Institute of Management and Research

3. Marketing Management

a. Institute of Management Studies Devi Ahilya University

b. Prestige Institute of Management and Research

4. General Management

a. IIM Indore

b. Institute of Management Studies Devi Ahilya University

c. Prestige Institute of Management and Research

d. Institute of Business Management and Research IPS Academy

e. Narsee Monjee Institute of Management Studies

Admission process for list of MBA colleges in Indore

1. The student should clear their 10+2 examination in any subject after which they have to complete their bachelor’s degree, again they can do any field in bachelor’s also, and after which they have to apply for the entrance exams. Some colleges accept various entrance exams. So, a student should at least give 4 to 5 entrance exams related to MBA courses such as CAT, XAT, CMAT, MAT, and ATMA.

2. After the results are announced, each college announces their cutoff, and according to the marks scored by the students, they may get into their preferred colleges if they score a minimum cutoff or more based on the college. Generally, each college has a maximum of 5 rounds for admitting students.

3. Once the students clear the cutoff criteria, then they must give Personal Interviews and group discussions. The college gives the admission offer based on Cutoff, Personal interviews, and group discussions.

4. After which if the student passes all the rounds, then they must pay the fees and do other needful things.

Things to look for in list of MBA Colleges in Indore

1. To ensure if the college you are seeking for admission in is providing your preferred specialization or not. Because many MBA colleges only provide the course of general management, they do not provide any other specialization.

2. See if the college has a systematic Placement cell. MBA colleges need to have good placement cells so that their students can get Job Opportunities from the college itself.

3. Campus facilities, other amenities should be provided by the college. Internships should also be provided by the college itself. Colleges fest, Educational trips, webinars, guest lectures all should be arranged by the college.

The hostel is also a mandatory part of college. A good college should have hostels for its students from different cities.

FAQs

Question 1 - Is Indore a good city to study MBA / PGDM courses?

Answer – Yes, a candidate can study MBA at Indore as there are 4 to 5 good colleges for MBA in Indore. The top MBA college of all over India which is IIM also has one of its branches in Indore. Other than that, there are many other colleges such as Institute of Management Studies, Devi Ahilya University.

Question 2 - What is the rank of IIM Indore in all over India?

Answer - IIM Indore has been ranked 6th by NIRF Website and 4th by Careers360.

Question 3 - Which college in Indore provides Human Resource specialization in MBA Course?

Answer - There are only 2 colleges in Indore which provide Human Resource specialization in MBA, they are- Institute of Management studies Devi Ahilya University and Prestige Institute of Management and research.

Question 4 - What is the fee of an MBA course at IIM Indore?

Answer – Approximately, the fees at IIM Indore for an MBA course is Rs. 19.40 Lakhs.

Question 5 - What is the average placement package at Prestige institute of management?

Answer - The average placement package at Prestige institute of management is Rs. 6 Lakhs.

Question 6 - Does Narsee Monjee Institute of management studies have a branch in Indore?

Answer - Yes, Narsee Monjee Institute of Management studies has a branch in Indore and is one of the list of colleges for MBA in Indore.

Question 7 - Which specialization is most famous in an MBA course?

Answer - General Management is the most famous specialization course in MBA.

Question 8 - Does IIM Indore accept CAT results?

Answer – Yes, IIM Indore considers the results of CAT for their post-graduation program.

Question 9 - What is the fees of Narsee Monjee Institute of Management studies in Indore?

Answer – Approximately, the fees at Narsee Monjee Institute of Management studies is Rs. 14.50 Lakhs.