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Top MBA Colleges in Indore

Indore is one of the most populous cities in Madhya Pradesh. Indore has a total of 98 MBA colleges offering MBA courses in various specializations. MBA colleges in Indore offer MBA courses that provide diverse career opportunities across various industries and sectors. One can get job roles such as management consultant, business analyst, project manager, marketing manager, finance manager, operations manager, entrepreneur, and more. Best MBA colleges in Indore offer specializations in various fields such as accounting, finance, marketing, operations, human resources, and strategy. CAT, XAT, NMAT, MAT, CMAT, ATMA, and other state-level exams are some of the exams that candidates need to take to gain admission to the best MBA colleges in Indore. 

Best MBA Colleges in Indore: Highlights

There are around 130+ best MBA colleges in Indore. Out of these 98 colleges belong to private and 6 colleges belong to public/ government institutions. The table below mentions the salient features of MBA institutes in Indore:

Parameters

Statistics

No. of MBA Colleges

130+

Annual Fees

  • Rs < 1 lakh: 63 colleges
  • Rs 1-2 lakh: 45 colleges
  • Rs 2-3 lakh: 13 colleges
  • Rs 3-5 lakh: 8 colleges
  • Rs > 5 lakh: 9 colleges

Top Specialisations

Finance, Human Resources, Sales & Marketing, International Business, Operations, IT & Systems, etc.

Accepted Entrance Exams

Eligibility Criteria of Best MBA Colleges in Indore

  • Candidates should have a bachelor's degree from a recognized university or institution in any discipline with the required aggregate marks following the institutions' requirements. 

  • Many MBA colleges in Indore require candidates to have the necessary cut-off in a national or state-level management entrance exam. Common entrance exams include CAT, XAT, MAT, CMAT, ATMA, and other state-level exam 

  •  Candidates may need to fulfill any additional requirements specified by the college, such as appearing for group discussions (GD), personal interviews (PI), written ability tests, and proof of previous work experience. 

  • Final-year students are also eligible to apply. 

Free tools for personalised MBA college recommendations

Use these free tools to get a list of colleges where you can apply for MBA admission based on your entrance exam score. 

Popular Entrance Exams for Best MBA Colleges in Indore

  • CAT: The Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 21 IIMs and over 1,200 B-schools in India.CAT is conducted by a different IIM each year. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Quantitative Aptitude

  • XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programs.Applicants can apply to various colleges in India through XAT scores.XAT has a different paper pattern therefore the XAT Syllabus has few extra topics as compared to other management entrance Exams. It comprises four sections: Decision Making, Verbal Ability and Logical Reasoning, Quantitative Ability & Data Interpretation, and General Knowledge.

  • MAT (Management Aptitude Test) is conducted in paper-based (PBT), computer-based (CBT), and Internet-proctored (IBT) modes, providing candidates with options based on their preferences. The MAT Syllabus has various topics like English Comprehension, Quantitative Skills, and Logical Reasoning.  The MAT exam pattern comprises five sections: Language Comprehension, Mathematical Skills, Data Analysis and Sufficiency, Intelligence and Critical Reasoning, and Indian and Global Environment.

  • NMAT (Narsee Monjee Management Aptitude Test) is a computer-based test (CBT) comprising multiple-choice questions (MCQs). The NMAT exam pattern consists of three sections: Language Skills, Quantitative Skills, and Logical Reasoning. Each section is individually timed, and candidates need to complete the entire exam within the allotted time frame.

Best MBA Colleges in Indore with NIRF Ranking 2024

NIRF is the National Institutional Ranking Framework which is a centralized ranking system that judges institutions across India per various parameters. The rankings provide valuable insights for students, parents, and policymakers to make informed decisions regarding higher education institutions.Given below is the list of Best MBA Colleges in Indore based on NIRF Ranking so that you can target your dream B-School.

List of the Best MBA Colleges in Indore based on the NIRF Ranking 2024

College Name

Type of college

NIRF 2024 ranking

Indian Institute of Management Indore

government

8

Jaipuria Institute of Management Indore

private

101-125

School of Data Science and Forecasting: Devi Ahilya Vishwavidyalaya

governmentNA
Excel Business School, Indore

privateNA
Heritage Academy, Indore

privateNA

Best MBA Colleges in Indore: Fees-Wise

There are many government and private MBA colleges in Indore that you can target for a bright career in management. Given below are the lists of the best government and private MBA colleges in Indore with their respective total tuition.

Best Private MBA Colleges in Indore

Best Govt MBA Colleges in Indore

Best MBA Colleges in Indore: Admission Process 2025

Best MBA colleges in Indore have a thorough admission process based on various MBA entrance exam scores through which candidates are vetted to see if they are suitable for the course and institution. 

Listed below are the admission processes for top MBA Colleges in Indore:

College Names 

Admission Process 

Indian Institute of Management Indore

IIM Indore Admissions are based on CAT exam scores, followed by personal interviews and group discussion  

DAVV - Devi Ahilya Vishwavidyalaya Indore

DAVV Indore Admissions will be done as per merit in the entrance test conducted by the university

SAGE University Indore

SAGE University Admissions are based on qualifying and fulfilling the cutoff of the SAGE university entrance exam

SGSITS Indore - Shri Govindram Seksaria Institute of Technology and Science 

SGSITS Indore Admissions are based on CMAT scores. 

NMIMS Indore - Narsee Monjee Institute of Management

NMIMS Indore Admissions are based on the NMAT exam. 

Best MBA Colleges in Indore: Placement-wise

Given below are the starting packages of top MBA colleges in Indore and their top recruiters:

List of Best MBA Colleges in Indore Median Salary and Top Recruiters:

Placement Links

Median salary 

Top Recruiters 

Indian Institute of Management Indore Placements 

Rs 24,09,000

Barclays, Avendus, Credit Suisse, Goldman Sachs, JP Morgan Chase & Co., Deutsche Bank, and The Rohatyn Group

DAVV Indore Placements

Rs 3,60,000

NA 

SAGE University Indore Placements

Rs 5,00,000

CEAT, Felix, ICICI Bank, JOHN DEERE, Reliance, TCS

SGSITS Indore Placements

Rs 3,88,000

Google, Reliance Jio, Ford, Deloitte, Suzuki, Accenture

NMIMS Indore Placements

Rs 11,00,000

Axis Finance, Bandhan Bank, CRISIL, ICICI Bank, EY, KPMG, Tata, Hindustan Times

Best MBA Colleges in Indore: Cut-off 

Candidates need to take various entrance exams as required by their institutions to be offered admission to top MBA programmes in Indore. 

Listed below are the cut off of the best MBA colleges in Indore:

Colleges

Exam 

 Cut-off 

IIM Indore

CAT 

99

Jaipuria Institute of Management, Indore

CAT

50+

Must check for MBA students

Students looking for admission to the management programme should check out the best MBA colleges in India and city-wise.

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  • Indore

Altius Institute of Universal Studies, Indore

Indore, Madhya Pradesh
1.8/52 Reviews
Private

Altius Institute of Universal Studies, Indore

Indore, Madhya Pradesh Private 1.8/52 Reviews
B.Com Taxation
  • Fees : 82.50 K
100+ Brochures downloaded so far
100+ Brochures downloaded so far

Top Institutes Accepting Applications

Amaltas College of Management, Indore

Indore, Madhya Pradesh
Private

Amaltas College of Management, Indore

Indore, Madhya Pradesh Private
MBA
    100+ Brochures downloaded so far
    100+ Brochures downloaded so far

    Filter by State

    AGBS Indore - Amity Global Business School, Indore

    Indore, Madhya Pradesh
    Private
    GDBA and BBA
    • Fees : 3.60 Lakhs
    100+ Brochures downloaded so far
    100+ Brochures downloaded so far

    Annie Besant College, Indore

    Indore, Madhya Pradesh
    Private

    Annie Besant College, Indore

    Indore, Madhya Pradesh Private
    B.Com Tax Procedure
    • Fees : 88.50 K
    100+ Brochures downloaded so far
    100+ Brochures downloaded so far

    Arihant Institute of Professional Studies, Indore

    Indore, Madhya Pradesh
    Private
    PGDM
      Brochures downloaded so far
      Brochures downloaded so far

      Artemisia Business school, Indore

      Indore, Madhya Pradesh
      Private

      Artemisia Business school, Indore

      Indore, Madhya Pradesh Private
      MBA
        100+ Brochures downloaded so far
        100+ Brochures downloaded so far

        Asian Institute of Professional Studies, Indore

        Indore, Madhya Pradesh
        Private
        PGDM
          100+ Brochures downloaded so far
          100+ Brochures downloaded so far

          Aspire Institute, Indore

          Indore, Madhya Pradesh
          Private

          Aspire Institute, Indore

          Indore, Madhya Pradesh Private
          PGDM
            100+ Brochures downloaded so far
            100+ Brochures downloaded so far

            Astral Institute of Business Management, Indore

            Indore, Madhya Pradesh
            Private
            MBA
              100+ Brochures downloaded so far
              100+ Brochures downloaded so far

              Astral Institute of Business Studies, Indore

              Indore, Madhya Pradesh
              Private

              Astral Institute of Business Studies, Indore

              Indore, Madhya Pradesh Private
              MBA
                100+ Brochures downloaded so far
                100+ Brochures downloaded so far

                Astral Institute of Technology and Research, Indore

                Indore, Madhya Pradesh
                3.0/51 Reviews
                Private
                MBA
                100+ Brochures downloaded so far
                100+ Brochures downloaded so far

                BM College of Management and Research, Indore

                Indore, Madhya Pradesh
                5.0/51 Reviews
                Private

                BM College of Management and Research, Indore

                Indore, Madhya Pradesh Private 5.0/51 Reviews
                MBA
                100+ Brochures downloaded so far
                100+ Brochures downloaded so far

                BM Institute of Professional Studies, Indore

                Indore, Madhya Pradesh
                Private

                BM Institute of Professional Studies, Indore

                Indore, Madhya Pradesh Private
                BBA
                  100+ Brochures downloaded so far
                  100+ Brochures downloaded so far

                  Central India institute of Technology, Indore

                  Indore, Madhya Pradesh
                  Private

                  Central India institute of Technology, Indore

                  Indore, Madhya Pradesh Private
                  MBA
                  • Fees : 1.29 Lakhs
                  100+ Brochures downloaded so far
                  100+ Brochures downloaded so far

                  Chameli Devi Group of Institutions, Indore

                  Indore, Madhya Pradesh
                  Private

                  Chameli Devi Group of Institutions, Indore

                  Indore, Madhya Pradesh Private 4.1/529 Reviews
                  MBA
                  100+ Brochures downloaded so far
                  100+ Brochures downloaded so far

                  Chameli Devi Institute of Professional Studies, Indore

                  Indore, Madhya Pradesh
                  Private
                  BBA Foreign Trade
                  • Fees : 1.32 Lakhs
                  100+ Brochures downloaded so far
                  100+ Brochures downloaded so far

                  Filter by Ownership

                  Choithram College of Professional Studies, Indore

                  Indore, Madhya Pradesh
                  Private
                  BBA
                    100+ Brochures downloaded so far
                    100+ Brochures downloaded so far

                    Christian Eminent College, Indore

                    Indore, Madhya Pradesh
                    4.2/56 Reviews
                    Private

                    Christian Eminent College, Indore

                    Indore, Madhya Pradesh Private 4.2/56 Reviews
                    B.Com Tax Procedure Hons
                      100+ Brochures downloaded so far
                      100+ Brochures downloaded so far

                      College of Engineering, Dr APJ Abdul Kalam University, Indore

                      Indore, Madhya Pradesh
                      Private
                      MBA
                      100+ Brochures downloaded so far
                      100+ Brochures downloaded so far

                      Core Business School, Indore

                      Indore, Madhya Pradesh
                      Private

                      Core Business School, Indore

                      Indore, Madhya Pradesh Private 3.6/536 Reviews
                      PGDM
                      • Fees : 4.05 Lakhs
                      Brochures downloaded so far
                      Brochures downloaded so far

                      Daly College of Business Management, Indore

                      Indore, Madhya Pradesh
                      Private

                      Daly College of Business Management, Indore

                      Indore, Madhya Pradesh Private
                      BBA
                        Brochures downloaded so far
                        Brochures downloaded so far

                        DAVV Mateshwari Sugni Devi Girls College, Indore

                        Indore, Madhya Pradesh
                        5.0/51 Reviews
                        Public/Govt

                        DAVV Mateshwari Sugni Devi Girls College, Indore

                        Indore, Madhya Pradesh Public/Govt 5.0/51 Reviews
                        BBA
                          100+ Brochures downloaded so far
                          100+ Brochures downloaded so far

                          Devi Ahilya Arts and Commerce Jagdale College, Indore

                          Indore, Madhya Pradesh
                          1.8/56 Reviews
                          Private
                          B.Com Sales and Advertisement
                          • Fees : 24 K
                          100+ Brochures downloaded so far
                          100+ Brochures downloaded so far

                          DAVV - Devi Ahilya Vishwavidyalaya, Indore

                          Indore, Madhya Pradesh
                          Public/Govt

                          DAVV - Devi Ahilya Vishwavidyalaya, Indore

                          Indore, Madhya Pradesh Public/Govt 4.2/596 Reviews
                          Careers360 Rating: AAA+
                          Careers360 Rating: AAA+
                          BBA
                          1000+ Brochures downloaded so far
                          1000+ Brochures downloaded so far

                          Directorate of Distance Education, Devi Ahilya Vishwavidyalaya, Indore

                          Indore, Madhya Pradesh
                          Public/Govt
                          MBA
                            100+ Brochures downloaded so far
                            100+ Brochures downloaded so far

                            Dr APJ Abdul Kalam University, Indore

                            Indore, Madhya Pradesh
                            Private

                            Dr APJ Abdul Kalam University, Indore

                            Indore, Madhya Pradesh Private 4.1/512 Reviews
                            MBA
                            100+ Brochures downloaded so far
                            100+ Brochures downloaded so far

                            Educational Multimedia Research Centre, DAVV, Indore

                            Indore, Madhya Pradesh
                            2.5/52 Reviews
                            Public/Govt

                            Educational Multimedia Research Centre, DAVV, Indore

                            Indore, Madhya Pradesh Public/Govt 2.5/52 Reviews
                            MBA Media Management
                            100+ Brochures downloaded so far
                            100+ Brochures downloaded so far

                            Educational Multimedia Research Centre, Devi Ahilya University, Indore

                            Indore, Madhya Pradesh
                            3.5/51 Reviews
                            Public/Govt
                            MBA Media Management
                            100+ Brochures downloaded so far
                            100+ Brochures downloaded so far

                            Excel Business School, Indore

                            Indore, Madhya Pradesh
                            Private

                            Excel Business School, Indore

                            Indore, Madhya Pradesh Private
                            MBA
                              Brochures downloaded so far
                              Brochures downloaded so far

                              Girnar Business School, Indore

                              Indore, Madhya Pradesh
                              Private

                              Girnar Business School, Indore

                              Indore, Madhya Pradesh Private
                              PGDM
                              Brochures downloaded so far
                              Brochures downloaded so far

                              Government College, Rau, Indore

                              Indore, Madhya Pradesh
                              Public/Govt

                              Government College, Rau, Indore

                              Indore, Madhya Pradesh Public/Govt
                              B.Com Tax
                              • Fees : 23.93 K
                              100+ Brochures downloaded so far
                              100+ Brochures downloaded so far

                              Government Maharani Laxmi Bai Girls PG College, Indore

                              Indore, Madhya Pradesh
                              Public/Govt
                              B.Com Tax Procedure
                              • Fees : 15.75 K
                              100+ Brochures downloaded so far
                              100+ Brochures downloaded so far

                              GSIMR Indore - Govindram Seksaria Institute of Management and Research, Indore

                              Indore, Madhya Pradesh
                              4.0/51 Reviews
                              Private
                              MBA
                              • Fees : 1.30 Lakhs
                              100+ Brochures downloaded so far
                              100+ Brochures downloaded so far

                              GSB Indore - Graduate School of Business, Indore

                              Indore, Madhya Pradesh
                              Private
                              BBA
                              100+ Brochures downloaded so far
                              100+ Brochures downloaded so far

                              Gurukul Business School, Indore

                              Indore, Madhya Pradesh
                              Private

                              Gurukul Business School, Indore

                              Indore, Madhya Pradesh Private
                              MBA
                                Brochures downloaded so far
                                Brochures downloaded so far

                                Heritage Academy, Indore

                                Indore, Madhya Pradesh
                                Private

                                Heritage Academy, Indore

                                Indore, Madhya Pradesh Private
                                PGDM
                                  Brochures downloaded so far
                                  Brochures downloaded so far

                                  Idyllic Institute of Management, Indore

                                  Indore, Madhya Pradesh
                                  4.4/56 Reviews
                                  Private

                                  Idyllic Institute of Management, Indore

                                  Indore, Madhya Pradesh Private 4.4/56 Reviews
                                  MBA
                                  100+ Brochures downloaded so far
                                  100+ Brochures downloaded so far

                                  ILVA Commerce and Science College, Indore

                                  Indore, Madhya Pradesh
                                  4.0/51 Reviews
                                  Private

                                  ILVA Commerce and Science College, Indore

                                  Indore, Madhya Pradesh Private 4.0/51 Reviews
                                  B.Com Foreign Trade
                                  • Fees : 30 K
                                  100+ Brochures downloaded so far
                                  100+ Brochures downloaded so far

                                  IIM Indore - Indian Institute of Management Indore

                                  Indore, Madhya Pradesh
                                  Public/Govt

                                  IIM Indore - Indian Institute of Management Indore

                                  Indore, Madhya Pradesh Public/Govt 4.7/5172 Reviews
                                  NIRF Ranking: 8Careers360 Ranking: 7
                                  NIRF Ranking: 8Careers360 Ranking: 7
                                  Online MMS
                                  100+ Brochures downloaded so far
                                  100+ Brochures downloaded so far

                                  Indore Indira School of Career Studies, Indore

                                  Indore, Madhya Pradesh
                                  Private

                                  Indore Indira School of Career Studies, Indore

                                  Indore, Madhya Pradesh Private
                                  BBA
                                    100+ Brochures downloaded so far
                                    100+ Brochures downloaded so far

                                    Indore Institute of Computer Application, Indore

                                    Indore, Madhya Pradesh
                                    Private
                                    MBA
                                      100+ Brochures downloaded so far
                                      100+ Brochures downloaded so far

                                      Indore International College, Indore

                                      Indore, Madhya Pradesh
                                      Private

                                      Indore International College, Indore

                                      Indore, Madhya Pradesh Private
                                      BBA
                                      • Fees : 1.22 Lakhs
                                      100+ Brochures downloaded so far
                                      100+ Brochures downloaded so far
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