Top MBA Colleges in Indore: Rankings, Fees, Admissions 2025, Courses & Placements

Indore is home to over 130 MBA colleges, including 100 private institutions and 6 government-owned colleges. Admissions to top MBA programs in Indore are primarily based on entrance exams such as CMAT, CAT, MAT, XAT, and ATMA.

Some of the most renowned MBA colleges in Indore include:

IIM Indore
Jaipuria Institute of Management, Indore
Prestige Institute of Management and Research
IPS Academy Institute of Business Management and Research
SAGE University
Shivajirao Kadam Institute of Technology & Management
Shri Vaishnav Institute of Management

Key Highlights of TOP MBA Colleges in Indore (2025)

The MBA is one of the most sought-after postgraduate programs in Indore, offering a wide range of career opportunities in the corporate sector. Admissions are typically based on entrance exam scores, academic performance, and work experience. Shortlisted candidates must undergo a Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI) before a final merit list is prepared by the respective B-schools.

The table below provides key highlights of TOP MBA colleges in Indore:

Parameter	Statistics
Total MBA Colleges	130+
Annual Fees	– INR 1-2 lakh: 46 colleges – INR 2-3 lakh: 14 colleges – INR 3-5 lakh: 7 colleges – Above INR 5 lakh: 9 colleges
Top MBA Institutes	IIM Indore, Jaipuria Indore, Prestige Institute of Management and Research, IPS Academy Institute of Business Management and Research, SAGE University, Shivajirao Kadam Institute of Technology & Management, Shri Vaishnav Institute of Management, etc.
Popular Specialisations	Finance, Sales & Marketing, Human Resources, International Business, IT & Systems, Operations, etc.
Accepted Entrance Exams	CMAT, CAT, MAT

Top MBA Colleges in Indore with NIRF Ranking 2024

The National Institutional Ranking Framework (NIRF), developed by the Ministry of Education, ranks the top 100 institutes in India across various academic fields. The ranking is based on five key parameters:

Teaching, Learning, and Resources (TLR)
Research and Professional Practice (RP)
Graduation Outcomes (GO)
Outreach and Inclusivity (OI)
Peer Perception (PP)

Below is the NIRF ranking of Best MBA colleges in Indore over the past three years (2022-2024):

College Name	NIRF 2022	NIRF 2023	NIRF 2024
IIM Indore	7	8	8

MBA Admissions 2025: Eligibility Criteria

The eligibility criteria for MBA programs may differ across institutions. However, as per the University Grants Commission (UGC), the basic requirements for pursuing an MBA in Indore’s top management colleges include:

Bachelor’s degree in any discipline from a recognised university/institute.
Minimum aggregate score:
- 50% for general category candidates
- 45% for reserved category candidates (varies by institution)
Entrance exams: Most colleges accept scores from CAT, MAT, CMAT, XAT, and other national-level tests.

MBA Entrance Exam Schedule 2025

The most widely accepted entrance exams for MBA admissions in Indore include:

CMAT: Conducted by the National Testing Agency (NTA), the Common Management Admission Test (CMAT) is one of the top business aptitude tests in India. Around 70,000 candidates appear for CMAT annually, and 1,300+ B-schools accept CMAT scores. The exam comprises 100 questions from the following sections:
- Quantitative Techniques & Data Interpretation
- Logical Reasoning
- Language Comprehension
- General Awareness
- Innovation & Entrepreneurship
CAT: The Common Admission Test (CAT) is a national-level entrance exam conducted by IIMs for admission into 21 IIM campuses and 1,200+ B-schools across India. CAT sees over two lakh applications annually.

Most Popular MBA Entrance Exams in Indore

The table below highlights the most commonly accepted exams for MBA admissions in Indore:

Exam Name	Number of Colleges Accepting	College Predictor Link
CMAT	44	CMAT 2024 Predictor
CAT	21	CAT 2024 Predictor
MAT	14	MAT 2024 Predictor
XAT	9	XAT 2024 Predictor
ATMA	7	ATMA 2024 Predictor

Best Private MBA Colleges in Indore: Fees, Admission, Seat Intake & Eligibility

Below is a list of top private MBA colleges in Indore along with their fees, seat availability, and entrance exam requirements:

College Name	Total Tuition Fees	Seat Intake	Entrance Exams & Eligibility
Jaipuria Institute of Management, Indore	INR 13 lakh	180 seats	CAT, MAT, XAT, CMAT; Bachelor’s degree with 50% aggregate
Prestige Institute of Management and Research	INR 3 lakh	900 seats	CMAT; Bachelor’s degree in a relevant stream with 50% aggregate
SAGE University	INR 2 lakh – INR 18 lakh	60 seats	SEE, CAT, XAT, MAT; Bachelor’s degree with 50% aggregate
Acropolis Institute of Technology and Research	INR 1 lakh	120 seats	CMAT

Best MBA Colleges in Indore: Fees vs Salary

Return on Investment (ROI) helps students evaluate the benefits of pursuing an MBA by comparing the cost of education with the expected salary after graduation. A higher ROI indicates better financial returns. The table below provides details of top MBA colleges in Indore, including their course fees and average placement packages:

College Name	Total Course Fee	Annual Median Package
IIM Indore	INR 17 lakh – INR 35 lakh	INR 21 LPA – INR 25 LPA
Devi Ahilya Vishwavidyalaya (DAVV)	INR 90,000 – INR 2 lakh	INR 5 LPA – INR 6 LPA
DAVV, Takshashila Campus	INR 2 lakh	INR 5 LPA
Prestige Institute of Management and Research	INR 3 lakh	INR 6 LPA
SAGE University	INR 2 lakh – INR 18 lakh	INR 4 LPA
Acropolis Institute of Technology and Research	INR 1 lakh	INR 4 LPA

Top MBA Colleges in Indore with Highest Salary Packages

Below is a list of leading companies that recruit graduates from Indore’s top MBA colleges, along with their placement packages:

College Name	Placement Package	Top Recruiters
IIM Indore	INR 21 LPA – INR 25 LPA	Google, Amazon, Amway, IBM, American Express, etc.
Prestige Institute of Management and Research	INR 6 LPA	TCS, EY, Infosys, ICICI Bank, Deloitte, S&P Global, etc.

Affordable MBA Colleges in Indore

Best MBA colleges in Indore offer programs with tuition fees under INR 1 lakh, making them affordable for students. The table below lists low-cost MBA colleges along with their total course fees:

College Name	Total Tuition Fee
Lal Bahadur Shastri Institute of Technology and Management	INR 78,000
Devi Ahilya Vishwavidyalaya (DAVV)	INR 90,000
Sushila Devi Bansal College of Technology	INR 97,000
Sri Aurobindo Institute of Technology	INR 99,000
Indore Management Institute and Research Centre	INR 78,000

Popular MBA Specialisations in Indore

MBA colleges in Indore offer various specialisations to cater to different career paths. The table below highlights the most popular MBA specialisations and the number of colleges offering them: