Top 10 MBA Colleges in Madhya Pradesh – As Per NIRF Ranking, Fees, Placements

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Madhya Pradesh is a culturally and historically rich state. It is also working as a junction for quality management education.

A line of top-ranked MBA colleges runs through this state, offering comprehensive programs that meet the dynamic demands of the business world.

Therefore, selection of the right college to pursue an MBA will make a remarkable difference in the direction of one’s career, and so it all involves comparing a number of factors: ranking, fee, placements, specializations, etc.This article will present a comprehensive study of the top 10 MBA colleges in Madhya Pradesh, along with their NIRF Ranking, fees, placements, and various other updated information.

S no College name Fees Salary Nirf Naac
1 IIM indore 22 LPA 23 -25 LPA 7 A+
2 IIFM bhopal 8 LPA 7 -9 L PA 75 A+
3 PIMR indore 3 LPA 4-6 LPA 76 A++
4 IMS devi ahilya indore 2 LPA 3- 5 LPA 77 A+
5 JIM indore 10 LPA 5-7 LPA 78 A+
6 VIT BS bhopal 6 LPA 6-8 LPA 98 A++
7 Devi ahilya indore (SE) 2 LPA 3-5 LPA 105 A+
8 Amity gwalior 7 LPA 4-6 LPA 108 A
9 LNTC bhopal 4 LPA 3-5 LPA 115 A+
10 BIST bhopal 3 LPA 3-4 LPA 201 B+

 

List of Top 10 MBA Colleges in Madhya Pradesh As Per NIRF Ranking

  1. Indian Institute of Management (IIM), Indore

– NIRF Ranking 7

– Fees: INR 17-22 Lakhs

– Specialisations Offered: Finance, Marketing, Operations, Human Resource Management, and IT Systems.

– Placements:  The average package goes from INR 23-25 Lakhs per annum. Top recruiters include McKinsey, BCG, Deloitte, and Amazon.

  1. Indian Institute of Forest Management (IIFM), Bhopal

– NIRF Ranking:  76-100 (Management category)

– Fees:  INR 6-8 Lakhs

– Specialisations Offered:  Forestry Management, Environment Management, Development Management.

– Placements:  Average package of INR 7-9 Lakhs per annum, recruiters include NGOs, government organisations, and corporations like Tata Steel, Infosys, and WWF.

  1. Prestige Institute of Management and Research (PIMR), Indore

– NIRF Ranking:  76-100 (Management category)

– Fees: INR 2-3 Lakhs

– Specializations Offered:  Finance, Marketing, HR, IT, and International Business.

– Placements:  The average package is INR 4-6 Lakhs per annum, with companies like HDFC, Axis Bank, ICICI Prudential, and Tata Motors.

  1. Institute of Management Studies (IMS), Devi Ahilya Vishwavidyalaya, Indore

– NIRF Ranking:  76-100 (Management category)

– Fees:  INR 1-2 Lakhs

The streams are Marketing, Finance, Human Resource, and Operations. The average salary ranges around INR 3-5 Lakhs per annum with main recruiters including TCS, Infosys, and Wipro.

  1. Jaipuria Institute of Management, Indore

– NIRF Ranking : 76-100 (Management category)

– Fees : INR 8-10 Lakhs

– Specializations Offered : Marketing, Finance, Operations, HR, Business Analytics.

– Placements : Average package is INR 5-7 Lakhs per annum, with recruiters like HCL, Deloitte, Asian Paints, and ICICI Bank.

  1. Vellore Institute of Technology (VIT) Business School, Bhopal

– NIRF Ranking : Not Ranked

– Fees : INR 4-6 Lakhs

– Specializations Offered : Marketing, Finance, Operations, Business Analytics, HR.

– Placements : Average package is INR 6-8 Lakhs per annum, with companies like Cognizant, Infosys, and TCS visiting the campus.

  1. School of Economics, Devi Ahilya Vishwavidyalaya, Indore

– NIRF Ranking : 101-150 (Management category)

– Fees : INR 1-2 Lakhs

– Specializations Offered : Financial Management, Business Economics.

– Placements : Average package is INR 3-5 Lakhs per annum, with companies such as Infosys, Capgemini, and Byju’s

  1. Amity Business School, Gwalior

– NIRF Ranking : 101-150 (Management category)

– Fees : INR 6-7 Lakhs

– Specializations Offered : Marketing, Finance, HR, Operations.

– Placements : The average package is INR 4-6 Lakhs per annum, with companies such as IBM, Amazon, and Accenture.

  1. Lakshmi Narain College of Technology (LNCT), Bhopal**

– NIRF Ranking: 101-150 in the Management category

– Fees:  INR 3-4 Lakhs

– Specializations Offered:  Finance, Marketing, HR, Information Technology.

– Placements: Average CTC: INR 3-5 Lakhs per annum; Companies: Cognizant, Wipro, and Tech Mahindra.

  1. Bansal Institute of Science and Technology, Bhopal

– NIRF Ranking : Not Ranked

– Fees:  INR 2-3 Lakhs

– Specializations Offered:  Finance, Marketing, HR, Operations.

– Placements:  Average package of INR 3-4 Lakhs per annum, with recruiters including TCS, Infosys, and Cognizant.

Is Admission to Top MBA Colleges in Madhya Pradesh Worthy?

Doing an MBA from the top colleges in Madhya Pradesh has a number of advantages.

These colleges offer rigorous academic training, skill development opportunities, industry exposure, and finally, networking.

Further, they have established strong placement cells with good job opportunities after graduation.

Having relatively cheaper tuition fees compared to many other states, an MBA from these colleges indeed offers a great return on investment, especially when quality education and experienced faculty add to considerable placement.

Top 10 MBA Colleges in Madhya Pradesh Accepting MBA Entrance Exams

For Admission to Top MBA Colleges in Madhya Pradesh, the candidate needs to clear one or more of the following entrance exams:

  1. CAT (Common Admission Test) : IIM Indore, IMS, Jaipuria Institute of Management along with many other institutes accept the scores.
  1. XAT (Xavier Aptitude Test) : The scores are considered for Admission by institutes such as Jaipuria Institute of Management.
  1. MAT: Exercised by many colleges like Prestige Institute of Management and Research and LNCT.
  1. CMAT: Accepted by most B-schools in Madhya Pradesh.
  1. GMAT: IIM Indore uses it in case of foreign nationals or NRIs.
  1. ATMA: A few private institutes consider this score.

These tests examine the aptitude of a candidate regarding quantitative ability, data interpretation, logical reasoning, and verbal ability and ensure that only the cream is able to get into these prestigious colleges. 

Top 10 MBA Colleges in Madhya Pradesh Admission Eligibility

To get admitted into the top 10 MBA colleges in Madhya Pradesh, candidates have to meet certain eligibility criteria, which in general include:

– Academic Qualifications: A bachelor’s degree from any recognized university with a minimum of 50% aggregate marks (45% in case of reserved categories).

– Entrance Exam Score: Valid score in the entrance examinations CAT, MAT, CMAT, XAT, or GMAT.

– Work Experience: Though work experience is not compulsory for most colleges, it may be preferred or compulsory for executive MBA programs.

– GD and PI:  Candidates who get shortlisted based on entrance exams need to qualify for the final admission by getting through the rounds of GD and PI.

Placement Records of Top-Most MBA Colleges in Madhya Pradesh

The placement records of the top 10 MBA colleges in Madhya Pradesh are really commendable. An overview about the placement scenario is depicted below:

  1. IIM Indore: Continues to report 100% placement every year with an average compensation of INR 23-25 Lakhs per annum. The top recruiting brands include McKinsey, Deloitte, and Amazon.
  1. IIFM Bhopal: A niche placement drive gives average packages at INR 7-9 Lakhs per annum. Most recruiters belong to the environment and development sector.
  1. PIMR Indore: Keeps a record of 80-85% placements with an average compensation of INR 4-6 Lakhs per annum.
  1. IMS Indore: Has a placement percentage of about 90% along with packages falling in the range of INR 3-5 Lakhs per annum.

5.Jaipuria Institute of Management Indore:  Its placement percentage is around 90%, with an average package of INR 5-7 Lakhs per annum.

  1. VIT Bhopal: Placements are decent, with average packages being around INR 6-8 Lakhs per annum.
  1. School of Economics, DAVV: Placement percentage accounts for around 75-80% with average packages of INR 3-5 Lakhs per annum.

8.Amity Business School Gwalior:  Placement percentage stands at around 80% with average packages of INR 4-6 Lakhs per annum.

  1. LNCT Bhopal: It maintains an average placement package of INR 3-5 Lakhs per annum.
  2. Bansal Institute of Science and Technology: Has a placement percentage of about 70-75% with packages of INR 3-4 Lakhs per annum.

Conclusion

Doing an MBA from the top colleges in Madhya Pradesh will be a very good option for the upcoming managers and entrepreneurs.

With competitive fees, good placement records, and comprehensive curriculums, these colleges are really worth the money invested and provide opportunities for many career paths.

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