Mba Colleges In Madhya Pradesh

Top MBA Colleges in Madhya Pradesh 2025 – Rankings, Fees, Admissions, ROI & More

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Tanya Verma

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Over 270 MBA colleges, Madhya Pradesh is known as the best habitat for management studies. Out of these, there are around 232 private colleges, and only 31 are government institutions. It has colleges that offer management programmes at the lowest and the highest fee structures. Like CH Institute of Management & Commerce offers MBA at just INR 35,000. On the contrary, IIM Indore is the most expensive institute as it offers MBA at INR 24 lakhs for the full course. The top MBA colleges in Madhya Pradesh include names like Atal Bihari Vajpayee and IIFM Bhopal apart from IIM Indore. National-level and State-level entrance exams are the only source of admission to the MBA colleges in Madhya Pradesh. 

Top MBA Colleges in Madhya Pradesh Highlights

The top MBA colleges in Madhya Pradesh provide the MBA program in different streams like  Human Resources, Operations, Business Analytics, International Business, and many other fields of management. The key highlights of the top MBA colleges in Madhya Pradesh are mentioned in a table:

Parameter

Details

No. of Top MBA Colleges

Approximately 10–15 premier MBA colleges are prominent in Madhya Pradesh, including government, autonomous, and reputed private institutes concentrated around Indore, Bhopal, and Gwalior.

Top MBA Colleges

Indian Institute of Management (IIM) Indore

Atal Bihari Vajpayee Indian Institute of Information Technology & Management (IIITM) Gwalior

Indian Institute of Forest Management (IIFM) Bhopal

Prestige Institute of Management & Research (PIMR), Indore

Symbiosis University of Applied Sciences, Indore

Institute of Management Studies (IMS), DAVV Indore

Vellore Institute of Technology (VIT), Bhopal

LNCT University, Bhopal

Jaipuria Institute of Management, Indore

Oriental University, Indore

Ownership

Mix of Government Institutes (IIM Indore, IIITM Gwalior, IIFM Bhopal, IMS DAVV) and Private Universities/Colleges (PIMR, Symbiosis University, VIT Bhopal, LNCT, Jaipuria, Oriental University).

Exams Accepted

Primarily CAT (for IIM Indore, IIITM, IIFM, IMS DAVV), CMAT, MAT, XAT for various private and some government colleges. Some institutes accept university-level or institute-specific entrance exams.

Specializations Offered

Finance

Marketing

Human Resources (HR)

Operations

Business Analytics

International Business

Average Fees (Approx.)

Range from INR 1.2 lakh to INR 25 lakh for the full 2-year program:


Top MBA Colleges in Madhya Pradesh 2025

Although Madhya Pradesh has more than 200 MBA colleges, but IIM Indore is one of the top MBA colleges in the state. Likewise, Prestige Institute of Management & Research is also a top MBA college with IIFM Bhopal. These colleges are providing an MBA course at affordable fees with diverse range of specialisations.

College Name

Fees Range (Total INR)

Courses Offered

Specializations Offered

Indian Institute of Management (IIM) Indore

INR 17,60,000 – INR 25,00,000

MBA, PGP

Finance, Marketing, Operations, HR, Analytics, Strategy

Atal Bihari Vajpayee Indian Institute of Information Technology & Management (IIITM), Gwalior

INR 3,20,000 – INR 3,54,000

MBA

Finance, Marketing, Operations, HR, IT, Business Analytics

Indian Institute of Forest Management (IIFM), Bhopal

INR 3,00,000 – INR 7,20,000

MBA in Forest Management

Environment Management, Forest Management, Sustainability, HR

Prestige Institute of Management & Research (PIMR), Indore

INR 6,00,000 – INR 7,00,000

MBA

Finance, Marketing, HR, Operations, Information Systems

Symbiosis University of Applied Sciences, Indore

INR 10,00,000 – INR 12,00,000

MBA

Marketing, Finance, IT, Business Analytics, Supply Chain Management


Top MBA Colleges in Madhya Pradesh Eligibility Criteria

If the candidates want to study in the best MBA colleges in Madhya Pradesh, then meeting the basic requirements is the first condition. After that, students can apply for the exam and score the qualifying marks as required by the targeted college. Take reference from the below eligibility criteria, which are generally required by any of the MBA colleges in the state: 

  • Bachelor’s Degree

  • Minimum qualifying marks in UG and Entrance both

  • Eligible for the accepted entrance exam, like the CAT.

  • Score qualifying marks in the exam.

  • Clear counselling rounds.

  • Get excellent marks in GD and PI with WAT.

  • Submit the required documents for admission. 

List of Private MBA Colleges in Madhya Pradesh

The private colleges in Madhya Pradesh that provide the MBA course include Jaipuria Institute of Management, Indore, Prestige Institute of Management and Research (PIMR), Indore, Symbiosis University of Applied Sciences, Indore, etc, are mentioned below along with the details like fees, exam accepted, etc.

College Name

Fees (Approx./Total INR)

Exams Accepted

Expected Cutoff (Percentile/Score)

Jaipuria Institute of Management, Indore

INR 9,00,000 – INR 10,00,000

CAT, MAT, CMAT, XAT

50–60 percentile

Prestige Institute of Management and Research (PIMR), Indore

INR 6,00,000 – INR 7,00,000

CMAT, MAT, CAT

45–55 percentile

Symbiosis University of Applied Sciences, Indore

INR 10,00,000 – INR 12,00,000

SNAP (Symbiosis National Aptitude Test), CAT, MAT

50–60 percentile

LNCT University, Bhopal

INR 4,00,000 – INR 5,00,000

CAT, MAT, CMAT

45–55 percentile

VIT Bhopal – School of Business

INR 5,00,000 – INR 6,00,000

CAT, MAT, CMAT, XAT

45–55 percentile


Government/Semi-Govt. MBA Colleges in Madhya Pradesh

The government and semi-government colleges that provide the MBA program offer the course at a lower fee structure and provide various options in specialisations. The details of the top MBA colleges in Madhya Pradesh are mentioned below:

College Name

Fees (Approx./Total INR)

Entrance Exams Accepted

Expected Cutoff (Score/Percentile)

Indian Institute of Management (IIM) Indore

INR 17,00,000 – INR 25,00,000

CAT

CAT percentile typically 90+

Atal Bihari Vajpayee Indian Institute of Information Technology and Management (IIITM), Gwalior

INR 3,20,000 – INR 3,59,000

CAT

CAT percentile around 85+

Maulana Azad National Institute of Technology (MANIT) Bhopal

INR 2,42,000

CAT, CMAT

CAT percentile 75+ to 85+

Jiwaji University, Gwalior

INR 2,57,000

CMAT, CUET PG, CAT

Cutoff varies; generally 50–60 percentile

Devi Ahilya Vishwavidyalaya (DAVV), Indore

INR 28,000 – INR 2,10,000

CAT, CMAT, CUET PG

Cutoff is generally the 50–60 percentile


Top MBA Colleges in Madhya Pradesh Fee & Salary

Before applying for admission to the top MBA colleges in Madhya Pradesh, students need to check out the ROI of the college so that they can get clarity before starting their MBA journey.

College Name

Approx. Fees (Total INR)

Average Salary (INR per annum)

ROI Verdict

Indian Institute of Management (IIM) Indore

INR 17,60,000 – INR 25,00,000

INR 25,00,000 – INR 30,00,000

Excellent — Outstanding placements and high salary with premium fees, but excellent ROI

Atal Bihari Vajpayee Indian Institute of Information Technology & Management (IIITM), Gwalior

INR 3,20,000 – INR 3,54,000

INR 24,00,000+

Excellent — High salary relative to affordable fees, best ROI among government colleges

Indian Institute of Forest Management (IIFM), Bhopal

INR 3,00,000 – INR 7,20,000

INR 10,00,000 – INR 10,38,000

Very Good — Specialized sectoral focus with strong salary and reasonable fees

Prestige Institute of Management & Research (PIMR), Indore

INR 6,00,000 – INR 7,00,000

INR 4,67,000 – INR 9,00,000

Good — Mid-range fees with solid average placements

Symbiosis University of Applied Sciences, Indore

INR 10,00,000 – INR 12,00,000

INR 7,00,000 – INR 9,00,000

Good — Premium private college, good salaries with higher fees


MBA Admission Process in Madhya Pradesh Colleges

Students who are planning to apply for the MBA program in the top MBA colleges in Madhya Pradesh are instructed to follow the steps mentioned below:

Step 1: Check for the college and accepted entrance exam.

Step 2: Verify the eligibility criteria for the selected exam.

Step 3: Appear in the exam and try to score as per the required rank by the college.

Step 4: Participate in the choice filling and seat allocation process.

Step 5: Selected students report to the college or university they chose to attend.

Step 6: Submit valid documents and the admission fee.

Frequently Asked Questions

Q1. Which are the top MBA colleges in Madhya Pradesh?

IIM Indore, IIITM Gwalior, IIFM Bhopal, Jaipuria Indore, and Prestige Institute of Management are top-ranked.

Q2. What entrance exams are accepted for MBA admission in Madhya Pradesh?

Most colleges accept CAT, MAT, CMAT, XAT, GMAT, and ATMA scores.

Q3. What is the average fee for MBA programs in Madhya Pradesh?

Fees range from INR 35,000 at CH Institute to INR 24 lakh at IIM Indore.

Q4. What specializations are offered by MBA colleges in Madhya Pradesh?

Common options include Finance, Marketing, HR, Business Analytics, IT, and Sustainability Management.

Q5. What is the average placement package for MBA graduates in Madhya Pradesh?

Packages vary from INR 2.8 LPA to INR 25 LPA, depending on the college and specialization.

Showing 28 Colleges
Abhyuday University Logo

Abhyuday University, Khargone

Khargone| UGC Approved| Private
Avantika University Logo

Avantika University, Ujjain

Ujjain| UGC Approved| Private
AKS University Logo

AKS University, Satna

Satna| UGC Approved| Private
Chirayu University Logo

Chirayu University, Bhopal

Bhopal| UGC Approved| Private
Mahakaushal University Logo

Mahakaushal University, Jabalpur

Jabalpur| UGC Approved| Private
Medi-Caps University Logo

Medi-Caps University, Indore

Indore| MCI Approved| Private
Arihant Education Group Logo

Arihant Education Group, Indore

Indore| AICTE Approved| Private
Renaissance University Logo

Renaissance University, Indore

Indore| UGC Approved| Private
Sri Aurobindo Institute of Technology Logo

Sri Aurobindo Institute of Technology, Indore

Indore| AICTE Approved| Private
Prestige University  Logo

Prestige University , Indore

Indore| UGC Approved| Private
Oriental University Logo

Oriental University, Indore

Indore| UGC Approved| Private