Looking for MBA Colleges In Indore? You are at the right place. Here is the list of our top 10 recommendations for MBA colleges in Indore along with their details.
Indore, recognized for its robust connectivity and thriving trade, stands as a key centre for commerce not just within the state but also across western India. The city hosts several foreign direct investment (FDI) companies such as Bridgestone, Eicher Volvo, and Force Man Trucks, contributing to its status as one of the wealthiest cities in central India.
Termed “Mini Mumbai” for its lifestyle parallels, Indore has been designated for smart city development under the national Smart Cities Mission, being among the initial twenty cities chosen. Centrally located, Indore’s financial district serves as the financial capital of Madhya Pradesh, hosting the Madhya Pradesh Stock Exchange, the country’s third oldest stock exchange.
MBA is one of the top courses after graduation and an almost guaranteed way to get you the job of your dreams. With a focus on business growth, progress, financial stability, personal development, and career development, Indore offers top-notch MBA programs that equip students with the skills and knowledge to succeed in the competitive business world.
In this blog, we will delve into some of the top MBA colleges in Indore, and how they provide a conducive culture and environment for holistic development and professional growth.
The Best MBA Colleges in Indore
1. Indian Institute Of Management–Indore (IIM–Indore)
Established in 1996, the Indian Institute of Management Indore (IIM Indore) was founded by the Department of Higher Education, Ministry of Education, Government of India, as an Institution of Excellence. Recognized as a premier management institution of national importance under the Indian Institutes of Management Act 2017, IIM Indore is dedicated to delivering high-quality management education and training.
IIM Indore is among the top MBA colleges in Indore and provides a two-year Post Graduate Programme in Management (PGP). The PGP in Management at IIM Indore holds accreditation from the European Quality Improvement System (EQUIS), AACSB (a US-based accreditation agency), and AMBA (a UK-based accreditation agency). Recognized by the Association of Indian Universities and considered equivalent to an MBA degree, aiming to cultivate competent professional managers with a capacity for adaptive learning, commitment to excellence and ethical standards, and effective collaboration skills.
| Website | https://www.iimidr.ac.in/ |
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| Chairman: | M. M. Murugappan |
| Fee structure: | INR 20,10,800 |
| Criteria: | 50% in Graduation + CAT |
2. Indian Institute of Digital Education
IIDE- Indian Institute of Digital Education, recognised as the #1 Digital Marketing Institute by the World Economic Congress, has trained more than 2,35,000 students in digital marketing. IIDE is unique in its education culture compared to other MBA colleges in Mumbai.
Indian Institute of Digital Education (IIDE) is a leading educational institution in India that specializes in providing comprehensive and practical training in the field of digital marketing. Established in 2016, IIDE has rapidly emerged as a preferred destination for students and professionals seeking to enhance their skills in digital marketing.
The institute offers a range of courses that cover different aspects of digital marketing, including search engine optimisation, social media marketing, content marketing, and more. The institute’s focus on practical learning and real-world applications has helped its students to secure exciting careers in the digital marketing industry.
This institute also appears in the Best MBA Colleges in Mumbai
| Website | https://iide.co/ |
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| Chairman: | Karan Shah |
| Fee structure: | 5.2L |
| Criteria: | 50%+ in 12th and Graduation |
3. Prestige Institute of Management & Research (PIMR) Indore
Established in 1994, Prestige Institute of Management and Research (PIMR) in Indore is a private college accredited with A++ Grade by NAAC. It holds ISO certification, UGC, and AICTE approvals, affiliated with Devi Ahilya University. PIMR is recognized for its academic excellence, and in 2023, it secured rankings of 71 by Business Today for MBA, 19 by Outlook for BBA, and 27 by India Today for BBA. Additionally, PIMR actively participates in the Atal Innovation Mission Scheme through its AIC -Prestige Inspire Foundation.
PIMR is among the top MBA colleges in Indore and provides various full-time as well as part-time MBA programs. PIMR has implemented Learning Management through practices known as LMP, focusing on a practical learning approach and recognizing individual potential and skills. Various activities conducted by PIMR over the years have contributed to the LMP evaluation scheme. This approach aids students in developing managerial skills through hands-on experience, fostering decision-making abilities, analytical thinking, and self-discipline.
This institute also appears in Best Commerce Colleges In Indore.
| Website | https://www.pimrindore.ac.in/index.html |
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| Chairman: | Dr. Davish Jain |
| Fee structure: | INR 59000 (Per Year) |
| Criteria: | 50% in Graduation + MPMET/CMAT |
4. SAGE University, Indore
Established in 2007 under the Madhya Pradesh Private University Act, SAGE University Indore is a private institution offering over 100 undergraduate, postgraduate, diploma, and PhD programs across 15 institutes. Recognized by both the UGC and AICTE, the university holds an A+ grade accreditation from NAAC. With a vision to educate and empower citizens, SAGE University emphasizes higher education, research, and industry connections, providing quality infrastructure and innovative learning. The university has disbursed scholarships worth INR 2 crore to date, offering up to 100% scholarships to eligible students.
SAGE University is among the few MBA colleges in Indore that offer a dual specialization. The Institute for Management Studies (SAGE IMS) offers flagship postgraduate programs with specializations in Human Resources Management, Marketing Management, Finance Management, Event Management, Production and Operations Management, and Information Technology Management. The MBA curriculum takes a holistic approach, equipping students with practical knowledge and life skills for long and rewarding careers. The focus is on preparing innovators, thought leaders, and entrepreneurs to navigate the evolving business landscape.
| Website | https://sageuniversity.in/ |
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| Chairman: | Er. Sanjeev Agrawal |
| Fee structure: | INR 90000 |
| Criteria: | 60% in Graduation + SAGE-JEE (SEE) |
5. Jaipuria Institute of Management, Indore
Established in 2010, Jaipuria Indore stands as one of the four campuses under the Jaipuria Institute of Management, holding approval from AICTE and membership in AIU. Recognized as a leading management institute in Madhya Pradesh, it is acknowledged as a top-ranked private B-School in Central India. Jaipuria Institute of Management offers a unique experience and culture, fostering independence, self-learning, creativity, critical thinking, diversity, and collaboration. The initiative “One Jaipuria” promotes a unified culture of learning and excellence across its four campuses, offering intercampus exchange, access to 150+ faculty, and connections with 2000+ peers from 20 states.
The PGDM program at Jaipuria, accredited by the Association of Indian Universities, features a curriculum tailored to meet the demands of the ever-changing business environment. Equivalent to an MBA, the program focuses on core business knowledge, effective communication, and analytical skills. Jaipuria is among the few MBA colleges in Indore that offer dual specialization options in the second year, students are groomed for managerial positions, cultivating an entrepreneurial mindset and offering solutions that are both innovative and practical.
| Website | https://www.jaipuria.ac.in/indore/ |
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| Chairman: | Sharad Jaipuria |
| Fee structure: | INR 11,75,000 |
| Criteria: | 50% in Graduation + CAT/CMAT/XAT/MAT/GMAT |
6. Acropolis Institute of Technology & Research – [AITR], Indore
Established in 2005 by Teach for India Education & Research Samiti, Acropolis Institute of Technology and Research (AITR) is situated in Indore, Madhya Pradesh. The institute boasts a highly qualified faculty and modern infrastructure, enhancing the educational experience for students. A range of scholarship programs is available for deserving students. AITR’s vision is to foster entrepreneurship and employability through collaboration with businesses and trade associations, while its mission is to be a leading intellectual force in developing human potential to address contemporary challenges.
The MBA program offered by AITR is affiliated with Devi Ahilya Vishwavidyalaya, making it one of the reputed MBA colleges in Indore.
| Website | https://aitr.ac.in/ |
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| Chairman: | Gaurav Sojatia |
| Fee structure: | NA |
| Criteria: | 50% in Graduation + CMAT |
7. NMIMS, Indore
Established in 2017, Narsee Monjee Institute of Management Studies (NMIMS) Indore, a Deemed-to-be University, is a privately owned co-ed institution. Offering a highly sought-after Master of Business Administration (MBA) program, NMIMS (Deemed to be University) emphasizes holistic student development over the two-year, six-trimester course.
The program uniquely aims to cultivate potential leaders equipped with comprehensive management knowledge, analytical prowess, and effective decision-making skills. In a rapidly changing business landscape, the focus is on nurturing ethically responsible professionals who exhibit consideration for both colleagues and the broader community.
| Website | https://www.nmimsindore.org/ |
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| Chairman: | Dr. Anshuman Jaswal |
| Fee structure: | INR 18,00,000 |
| Criteria: | 50% in Graduation + NMAT |
8. Medi-Caps University
Established in 2000, Medi-Caps University, Indore, stands out as a leading educational institution in Madhya Pradesh. Recognized by AICTE, it offers a diverse range of 50+ undergraduate, postgraduate, and doctoral programs. The university holds the top rank in placements in the state according to the Times Engineering Survey 2022, with over 350 companies participating in on-campus recruitments. In 2022, the highest package reached INR 48 LPA, and notable recruiters include Deloitte, TCS, Amazon, Mahindra, and Capgemini, among others, solidifying its reputation as a preferred choice for students in Central India.
Medi-Caps University provides full-time two-year MBA courses at their campus in Indore. Medi-Caps University is among the MBA colleges in Indore that use a Choice Based Credit System. CBCS is an educational framework allowing students to choose their courses, including core, elective, open, global electives, and skill-based ones. Unlike traditional marking systems, CBCS uses a credit-based grading pattern, assessing students based on earned credits each semester. This system offers flexibility and choice to students in India, enabling them to tailor their education to their preferences and skills.
| Website | https://www.medicaps.ac.in/ |
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| Chairman: | R.C. Mittal |
| Fee structure: | INR 110,000 (Per Year) |
| Criteria: | 50% in Graduation + GATE/CAT/ CMAT |
9. IPS Academy (Institute of Business Management & Research)
Established in 1994, IBMR, IPS Academy is dedicated to providing quality education and practical training for individuals aspiring to build a career in business management. Affiliated with Devi Ahilya Vishwavidyalaya, Indore, and approved by the All India Council for Technical Education, IBMR emphasizes cultivating a proactive learning mindset in students. The institute, under the aegis of IPS Academy, aims to transform amateurs into professionals, fostering positive catalysts for change in the field of management studies.
IBMR is among the few MBA colleges in Indore that offer a dual specialization. The MBA program spans two years, emphasizing a commitment to task-oriented learning. The course prioritizes interactive and participative classes, fostering individualistic thought processes in students. The dual specialization option is available in the second year, following a foundational first year.
| Website | https://ibmr.ipsacademy.org/ |
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| Chairman: | Ar. Achal K Choudhary |
| Fee structure: | INR 145,000 (Per Year) |
| Criteria: | 50% in Graduation + CMAT |
10. Devi Ahilya Vishwavidyalaya
Established in 1964 by an Act of the Madhya Pradesh Legislature, Devi Ahilya Vishwavidyalaya (DAVV), formerly known as the University of Indore, was inaugurated by Dr. Zakir Hussain, then Vice President of India. Situated in Indore, India, the state university is named after Ahilya Bai Holkar, the 18th-century Queen and ruler of Indore. DAVV, holding the distinction of being the only university in Madhya Pradesh, received an A+ Grade accreditation from NAAC.
Devi Ahilya Vishwavidyalaya offers various full-time as well as part-time MBA programmes across various specializations. DAVV offers a package ranging from Rs. 3.5 to 6.5 LPA for students. The institute has notable recruiters such as ICICI Direct, ICICI Securities, HDFC Limited, ITC, Johnson & Johnson, Manipal Health Care, Max Health Care, Mahindra Finance, SEO Valley, SBI Life, Nestle, ACC Cement, Amagi, Batra Hospital, Bombay Hospital, among others.
| Website | https://www.dauniv.ac.in/ |
|---|---|
| Chairman: | Dr. Renu Jain |
| Fee structure: | INR 7000-25000 |
| Criteria: | 50% in Graduation + CUET-PG |
Conclusion
Indore, India, offers a conducive environment for aspiring business leaders to pursue their MBA education. The top MBA colleges in Indore provide comprehensive programs that focus on business growth, financial stability, personal development, and career development. The city’s vibrant culture, business ecosystem, and affordable cost of living make it an attractive destination for MBA education. Pursuing an MBA from Indore can unlock opportunities for success and empower students to achieve their career goals in the dynamic world of business.
That’s it for this blog. I hope you found this blog useful. Let me know in the comments if you have any questions.
FAQs – Frequently Asked Questions
Q. Is Indore a good place to do an MBA?
Yes, Indore has the distinction of being the first city in India to host campuses of both IIT and IIM. The top MBA colleges in Indore include IIM Indore, and Devi Ahilya Vishwavidyalaya, among others. These MBA institutions in Indore are favoured by aspirants seeking a comprehensive learning experience.
Q. What are the eligibility criteria for applying to MBA courses in Indore?
Most MBA colleges in Indore have an eligibility criterion of more than 50% in graduation along with entrance exams like GATE/CAT/ CMAT. Some colleges might also have work experience in their criteria. It is important to research well before applying for any of the colleges.
Q. What is the duration of the MBA program in Indore?
MBA full-time programs are for two years and distance programs are usually valid for 3 years.
Q. Are there any specializations offered in MBA, and how do I choose one?
Indore’s MBA colleges provide a range of specialized options including Marketing, Consulting, International Business, Retail Management, Finance, HR, Public Policy, and other related fields. Students can choose from diverse specializations tailored to their interests and career goals.
Q. Are there any MBA colleges in Indore that provide dual specialization?
Yes. Some of the MBA colleges in Indore that provide dual specialization include SAGE University, Jaipuria Institute of Management and IPS Academy.
Q. What is the placement record of the MBA college, and which companies usually visit for campus placements?
MBA Colleges In Indore have a good placement record the highest being NR 48 LPA (Medi-Caps University). A good mix of companies visit these MBA Colleges In Indore some of which are Deloitte, TCS, Amazon, Mahindra and Capgemini.
Q. Can I do an MBA without an entrance exam?
Yes, you can do an MBA without an entrance exam. As per AICTE guidelines, PGDM B-schools can accept any of the 6 national tests: CAT, XAT, CMAT, MAT, ATMA, or GMAT. However, colleges that are not in the top 100 B-schools can offer direct MBA admission without the entrance exam.
