Bhopal is home to the top 100 MBA colleges. Around 90% of the MBA colleges in Bhopal are privately owned, with only 7% funded by the government.

Almost 2% of Bhopal’s remaining MBA colleges are funded by the government, endowments, and other private sources.

Highlights of the Best MBA Colleges in Bhopal

The table below summarises the key features of all MBA colleges in Bhopal.

Parameters	Particulars
Number of MBA colleges in Bhopal	Nearly 100 b schools
Fees	– Annual fee < Rs 1 lakh: 34 per cent – Annual fee between Rs 1 lakh to Rs 2 lakh: 50 per cent
Top Specialisations	Sales and Marketing, Finance, Human Resources, Retail, Healthcare and Hospital, IT and Systems, among others
Admission Process	CMAT, CAT, MAT, XAT, and more
MBA colleges in Bhopal with National Importance	Maulana Azad National Institute of Technology

One of the most popular postgraduate programs in Bhopal is the MBA or Masters of Business Administration. The two-year program serves as a springboard to a variety of managerial positions such as Finance Manager, Sales Manager, Marketing Manager, and so on. This course curriculum is intended to teach students about business operations and management. MBA degree programs are available to students from a variety of disciplines, including science, arts, and commerce. Candidates can pursue the course as an online MBA, executive MBA, distance MBA, PGDM/part-time MBA, and so on, in addition to the full-time mode.

Communication skills, leadership, problem-solving abilities, critical thinking, and other characteristics are expected of MBA professionals. MBA colleges in Bhopal accept national, state, and university level entrance exams such as the CAT, CMAT, ATMA, MET, AJEE, and XAT, among others.

Eligibility Criteria for MBA Colleges in Bhopal

The eligibility requirements for a full-time MBA degree program may differ between colleges. However, the following are the basic eligibility requirements for pursuing an MBA degree:

Qualification Exam/Degree: Candidates with a bachelor’s degree from a recognized university or institute are eligible for the course. MBA eligibility criteria do not limit candidates to a single discipline or stream; candidates from all disciplines can pursue an MBA.
Minimum Score Requirement: Some institutes may have a minimum score requirement as an eligibility criterion. Several institutes consider a candidate eligible if he or she has a minimum aggregate of 50% (UR category) or 45% (general category) (reserved category)
Work Experience: Although most institutes do not require it, previous work experience will earn you brownie points during the MBA selection process.

MBA Colleges in Bhopal with NIRF Ranking

NIRF, an MoE initiative, assists the institute ranking process in India across all streams. To rank institutes in India, NIRF takes into account the following factors.

Teaching, Learning, and Resources
Research and Professional Practices
Graduation Outcomes
Outreach and Inclusivity
Perception

The rating is based on feedback from current or former students or alumni of the college.

The only MBA college in Bhopal that has been ranked in the NIRF Management stream category is the Indian Institute of Forest Management. According to the NIRF 20 ranking, IIFM is ranked 62nd among the top 75 MBA colleges in India. Based on 20 verified reviews, IIFM has a rating of 4.3 out of 5.

Best MBA Colleges in Bhopal, Both Private and Public

The government funds and runs public or government colleges. Private colleges, on the other hand, receive large donations or funds from private sources in order to provide education. 90% of the MBA colleges in Bhopal are privately run, with the remaining 7% run by the government.

List of Private MBA Colleges in Bhopal

Private MBA Colleges in Bhopal	Course Fee (in Rs)
School of Research & Technology, People’s University	1.9 L
Jagran Lakecity University, Bhopal	3.3 L – 3.55 L
Sagar Institute of Research and Technology	1.12 L
IPER – Institute of Professional Education & Research	1.99 L
LNCT University	1.6 L

Top MBA Colleges in Bhopal Return on Investment

The value for money spent is used to calculate a college’s return on investment (ROI). The course fee paid by the student to pursue an MBA is considered an investment. The annual placement package received after the course completion is the return on investment. The table below lists the top MBA colleges in Bhopal in terms of ROI.

ROI of Best MBA Colleges in Bhopal

MBA College Name	Course Fee (in Rs)	Average Placement Package (in Rs)
Indian Institute of Forest Management	4.56 L	7.5 LPA
Maulana Azad National Institute of Technology	2.88 L	7.57 LPA
Makhanlal Chaturvedi National University of Journalism and Communication	46 K	4 LPA
Sagar Institute of Research and Technology	1.12 L	3.8 LPA
Rabindranath Tagore University	1.49 L	5.04 LPA

Top MBA Graduate Recruiters

MBA graduates from various fields are in high demand. The table below lists some of the best MBA colleges in Bhopal, along with their placement rates and top recruiters.

MBA Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
IPER, Bhopal	4.4	Asian Paints, Axis Bank, Bandhan Bank, Berger Paints, CRISIL, HDFC Bank, ICICI Securities, Nestle, PWC, The Times of India, Vardhman Group, etc.
IIFM, Bhopal	4.3	DFC, Kotak Mahindra, ICICI Prudential Life Insurance, Spandana Sphoorty, Samasta Microfinance, Bharat Financial Inclusion Ltd., Svatantra Microfinance, BASIX Sub-K, Pradan, Swades Foundation, Samarthan, Sambodhi, Kantar Public, Technoserve, etc.
JLU, Bhopal	4.3	Capital Via, Cavinkare, Dainik Bhaskar, ETV, HDB Financial, HDFC Bank, Jaro Education, Jaypee Hotels, Ketchum, MY FM, Nielson, Oberoi, Ogilvy and Mather, Radisson, RED FM, Tata Class, The Leela, The Times of India, etc.
The Bhopal School of Social Sciences, Bhopal	4.2	Paytm, Amazon, Zomato, Wipro, HDFC, ICICI Prudential, Xeeva, Concentrix, Future General, TCS, etc.
SIRT, Bhopal	4.1	Topper Learning, ARXXUS, IBM, EDS, HDFC, Cipla Wipro, Infosys, Mercedes-Benz, Indian Navy, ICICI Bank, Satyam, TCS, Amazon, Adani, AMDOCS, Bank of Baroda, Bosch Ltd, Capgemini, Karvy Consultants, Reliance Jio, TATA Consultancy Services, etc.

Which MBA Exams are the Most Popular in Bhopal?

CMAT and CAT are the most popular MBA entrance exams in Bhopal. CMAT scores will assist candidates in gaining admission to the best MBA colleges in Bhopal, such as JLU Bhopal and SIRT Bhopal. The CAT is the entry point for colleges such as IIFM and MANIT.

Aside from CAT and CMAT, the remaining colleges accept MAT, XAT, MPMET, ATMA, MAH CET, AJEE, SEE, MET, and other exams for MBA admissions.