IIM Indore and PIMR, Institute of Business Management & Research, are two of the best MBA colleges in Indore. Indore, Madhya Pradesh’s education hub, is home to 87 of India’s most prestigious MBA colleges. Indore has 79 private MBA colleges and 7 government MBA colleges.

The best MBA colleges in Indore are AICTE-approved and offer courses in a variety of MBA specializations such as finance, marketing, human resource management, information technology, and so on.

NIRF 2021 ranks Indian Institute of Management – IIM Indore sixth among the best MBA colleges in India, and it is the best MBA college in Indore.
IIPS Indore, IIM Indore, SGSITS Indore, and Devi Ahilya Vishwavidyalaya Indore are among the best MBA government colleges in Indore.
Admission to the best MBA colleges in Indore is based on the results of MBA entrance exams, which are followed by a GD/ PI round.
Some of the top MBA colleges in Indore without entrance exams include SAGE University, Oriental University, and IIBS Indore.
Annual MBA fees in the best MBA colleges in Indore range between INR 60,000 and 8.68 Lakhs. The best MBA colleges in Indore with low fees are GSIMR Indore, VGI Indore, and IIM Indore.
IIM Indore, IMS DAVV, and PIMR Indore are among the best MBA placement colleges in Indore. The average placement package offered by Indore’s top MBA colleges ranges between INR 23 and 27 LPA.

Top 10 MBA Colleges in Indore

Indore is also known as the “cleanest city in India,” and it is home to more than 87 of India’s best MBA colleges. The top ten MBA colleges in Indore with the highest average annual fees are listed below:

College/ University Name	Average Annual Fees
Indian Institute of Management – [IIM], Indore	INR 8,50,711
Prestige Institute of Management and Research – [PIMR], Indore	INR 1,19,500
Institute of Business Management & Research – [IBMR], Indore	INR 1,15,000
Prestige Institute of Engineering Management and Research – [PIEMR], Indore	INR 1,57,000
Shri Vaishnav Institute of Management – [SVIM], Indore	INR 73,620
CH Institute of Management & Commerce – [CHIMC], Indore	INR 58,000
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore	INR 2,77,000
Institute of Management Studies, Devi Ahilya Vishwavidyalaya – [IMS-DAVV], Indore	INR 63,211
International Institute of Professional Studies – [IIPS], Indore	INR 81,822
BM College of Management and Research – [BMCMR], Indore	INR 55,000

Ranking of the Best MBA Colleges in Indore

Colleges and universities are judged and ranked based on parameters such as university perception, faculty quality, student-teacher ratio, placements, and so on. Every year, various ranking agencies such as NIRF, Outlook, India Today, and others publish rankings of the top MBA colleges in India.

Top MBA Colleges in Indore: NIRF 2022 Ranking

The National Institutional Ranking Framework is a ranking method adopted by the government that ranks the best educational institutions. NIRF ranks institutions based on five major parameters, each with a different weightage.

The only MBA Colleges in Indore that have been ranked in the NIRF Ranking 2022 list of the top 125 MBA colleges in India are IIM Indore and Jaipuria Institute of Management. The table below lists the top MBA colleges in Indore as ranked by NIRF in the management list for 2022.

NIRF Ranking 2022	College Name	NIRF Rankings
7	Indian Institute of Management, Indore	70.66
102 – 125	Jaipuria Indore – Jaipuria Institute of Management	–

The Times Ranking of the Top MBA Colleges in Indore for 2022

The Times, one of India’s most popular and widely circulated newspapers/magazines, is also one of the country’s best educational institutions. Every year, The Times conducts a survey and publishes a list of the top educational institutions in India for various domains. To rank a college, The Times takes into account a variety of factors such as education quality, facilities, infrastructure, faculties, placements, and so on.

The Times Ranking 2022	College Name
53	IPS Academy
57	Prestige Institute of Management and Research
65	Govindram Seksaria Institute of Management and Research

Top MBA Colleges in Indore, According to India Today

Living Media India Limited publishes India Today, a weekly Indian English-language news magazine. Every year, India Today publishes a list of the top MBA colleges in India based on criteria such as:

Learning Experience
Placement Performance
Future Orientation
Living Experience
Selection Process, Governance, and Establishment

The table below contains information about IIM Indore, which was once again named by the agency as one of the best colleges in India.

College Name	India Today Rank 2019	India Today Rank 2018	Change	Average Annual Fee
IIM Indore	4	7	+3	INR 8,00,000

The institute was ranked fourth in India Today’s 2022 survey.
It received a score of 784.7 out of 1000 and rose three positions to seventh in the 2018 survey.
The annual fee is typically INR 8 Lacs.

Fee Structure for Top MBA Colleges in Indore

Some of the best MBA colleges in Indore, along with their fees, are listed below.

College/ University Name	Average Annual Fees
Indian Institute of Management – [IIM], Indore	INR 8,50,711
Prestige Institute of Management and Research – [PIMR], Indore	INR 1,19,500
Jaipuria Institute of Management, Indore	INR 4,37,500
Institute of Business Management & Research – [IBMR], Indore	INR 1,15,000
Prestige Institute of Engineering Management and Research – [PIEMR], Indore	INR 1,57,000
Shri Vaishnav Institute of Management – [SVIM], Indore	INR 73,620
CH Institute of Management & Commerce – [CHIMC], Indore	INR 58,000
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore	INR 2,77,000
Institute of Management Studies, Devi Ahilya Vishwavidyalaya – [IMS-DAVV], Indore	INR 63,211
International Institute of Professional Studies – [IIPS], Indore	INR 81,822

Top MBA Colleges in Indore with Low Fees

Some MBA colleges in Indore charge lower tuition than many other top MBA colleges in India. The following are the best MBA colleges in Indore with low fees:

College/ University Name	Average Annual Fees
Vindhya Institute of Management & Research, Indore	INR 37,000
Prestige Institute of Management and Research – [PIMR], Indore	INR 1,19,500
Lakshmi Narain College of Technology & Science – [LNCTS], Indore	INR 35,000
Prestige Institute of Engineering Management and Research – [PIEMR], Indore	INR 1,57,000
Vindhya Institute of Technology & Science – [VITS], Indore	INR 37,000
Lakshmi Narain College of Technology & Science – [LNCTS], Indore	INR 37,000
Swastika Institute Of Higher Education and Technology – [SIHET], Indore	INR 35,400
Dr. B. R. Ambedkar University of Social Sciences, Indore	INR 30,590
Patel Group of Institution – [PGOI], Indore	INR 35,000
Sushila Devi Bansal College, Indore	INR 30,000

Indore Private MBA Colleges

The top Private MBA colleges in Indore, along with their fee structure, are listed below.

College Name	Average Fee (INR)
NMIMS University, Indore	13.82 lakhs–14.54 lakhs
Jaipuria Institute of Management, Indore	7.75 lakhs
Prestige Institute of Management and Research	2.38 lakhs
Symbiosis University of Applied Sciences	11.3 lakhs
Medi-Caps University	1.75 lakhs

Top MBA Colleges in Indore:

Return on Investment (Return on Investment)

Return on Investment (ROI) is a measure of a college’s profitability in terms of placements and fees. It is one of the factors to consider when selecting a college. The following is a list of the top MBA colleges in Indore in terms of ROI.

College Name	Average Annual Fee	Average Placement Package	ROI Rank*
IMS Devi Ahilya Vishwavidyalaya	INR 60,000	INR 3,50,000	1
Amity Global Business School, Indore	INR 1,20,000	INR 4,00,000	2
Indian Institute of Management, Indore	INR 8,00,000	INR 20,79,000	3
Prestige Institute of Management	INR 1,19,500	INR 3,00,000	4

ROI Percentage = (Average Placement Package/Average Annual Fee) 100%

In terms of ROI, the Institute of Management Studies, Devi Ahilya Vishwavidyalaya is the best MBA College in Indore.
It provides an average placement package of INR 3.5 LPA for a fee of INR 60,000.

Top MBA Colleges in Indore: Admissions Criteria

The table below contains links to information about the cutoff scores of top MBA colleges in Indore.

College Name	Exam	Cutoff
Jaipuria Institute of Management, Indore	XAT	60
	ATMA	65
	CAT	50
Indian Institute of Management (IIM), Indore	CAT	97

Top MBA Colleges in Indore That Do Not Require Entrance Exams

The MBA entrance exam scores are used to determine admission to the majority of the best MBA colleges in Indore. Some MBA colleges in Indore, however, provide direct MBA admissions without the need for entrance exams. Check out the following top MBA colleges in Indore that do not require an entrance exam:

College/ University Name	Average Annual Fees
Prestige Institute of Management and Research – [PIMR], Indore	INR 1,19,500
Institute of Business Management & Research – [IBMR], Indore	INR 1,15,000
Prestige Institute of Engineering Management and Research – [PIEMR], Indore	INR 1,57,000
Shri Vaishnav Institute of Management – [SVIM], Indore	INR 73,620
CH Institute of Management & Commerce – [CHIMC], Indore	INR 58,000
Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore	INR 2,77,000
Institute of Management Studies, Devi Ahilya Vishwavidyalaya – [IMS-DAVV], Indore	INR 63,211
International Institute of Professional Studies – [IIPS], Indore	INR 81,822
BM College of Management and Research – [BMCMR], Indore	INR 55,000
Pioneer Institute of Professional Studies – [PIPS], Indore	INR 1,28,500

Top MBA Colleges in Indore Based on Specialization

The stream of MBA you choose is very important and is determined by the college, as different colleges have reputations for specific streams.

Top MBA Finance Colleges in Indore

MBA in Finance is a 2-year postgraduate degree course that is one of the most sought-after specializations in the field of Management. Some of the best institutes in India offer the course. A bachelor’s degree in any discipline with an aggregate of 50% marks or an equivalent CGPA is required to pursue an MBA in Finance (a 5% relaxation is granted to SC/ST candidates).

Top Colleges in Indore that offer MBA in Finance are: