Indore, one of the top cities in Madhya Pradesh, is one of the fastest-growing cities in Central India. The city is not just a business hub but also an education center. It is home to the Indian Institute of Management Indore (IIM Indore), one of the best MBA Colleges in Indore. Apart from IIM, many other private and government MBA colleges in Indore offer quality education at an affordable price. Whether you are looking for an MBA college with good placements, a strong academic background, or a college that fits your budget, Indore has something for everyone.
We have listed below some of the top MBA colleges in Indore, along with key details such as fees, admission process, facilities, and placement opportunities. If you are planning to pursue an MBA in Indore, the below list will help you compare different options and choose the best MBA college in Indore that best fits your goals.
Why Choose Indore for MBA?
Indore is home to some of the best MBA colleges in India, including both government MBA colleges like IIM Indore and AICTE-approved private MBA colleges such as NMIMS and Prestige Institute of Management.
The city offers excellent infrastructure and many of its colleges provide global exposure through international collaborations. From MBA colleges accepting CAT and XAT to those offering direct admission through institute-level exams, Indore gives aspirants various paths to a successful management career.
The top MBA programs in Indore include Finance, Marketing, Human Resource, Operations, and more. Many of these colleges also focus on industry training and internships, helping students land jobs in top companies. If you are looking for an MBA with placement in Indore, the city offers some of the best choices.
Top 10 MBA Colleges in Indore
Discover Lucknow’s top 10 MBA colleges known for placements, ROI & faculty. Compare fees, courses & rankings to choose the best fit for your career.
1. Indian Institute of Management, Indore (IIM Indore)
Indian Institute of Management Indore is widely recognized as the best MBA college in Indore, offering some of the top MBA programs in India since its establishment in 1996. Ranked 8th by NIRF among management institutions, it stands out as the best government MBA college in Indore for MBA aspirants. IIM Indore holds accreditations from AMBA, AACSB, and EQUIS, and is recognized by AIU. Known for being a top MBA college accepting CAT, it also has a strong track record for MBA with placement in Indore, with top recruiters like Deloitte, KPMG, BCG, Google, Hindustan Unilever, and HDFC Bank hiring from its campus.
- Courses Offered: MBA, Executive MBA, FPM, etc.
- Admission Process: Admission is based on score in the CAT exam.
- Website: https://iimidr.ac.in
- Address: Rau-Pithampur Road, Indore, Madhya Pradesh 453556
IIM INDORE Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| PGP | 62 | ₹20 lakhs |
| Executive PGP | – | ₹22.12 lakhs |
| FPM | 34 | – |
| Five-year IPM | 150 | ₹35 lakhs |
| PGP in HR Management | – | ₹17.25 lakhs |
| FPM – Industry | – | ₹9.8 lakhs |
2. Jaipuria Institute of Management, Indore
Jaipuria Institute of Management Indore, one of the best MBA colleges in Indore, is also recognized as a top private MBA college in Indore offering AICTE-approved management programs. Ranked between 100 and 125 in the NIRF list of management institutes in India, the institute is known for its top MBA programs like MBA and FPM. It is among the preferred AICTE-approved MBA colleges that offer MBA with placement in Indore. Jaipuria is also one of the few MBA colleges accepting XAT, in addition to accepting CAT, MAT, and CMAT scores, making it a strong option for students seeking MBA admission without CAT.
- Courses Offered: MBA and FPM
- Admission Process: Admission is based on valid scores in CAT, XAT, MAT, or CMAT.
- Website: www.jaipuria.ac.in/campuses/jaipuria-indore
- Address: Dakachaya, Indore, Madhya Pradesh 453771
JAIPURIA Institute Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| PGDM | 180 | ₹12.75 lakhs |
| FPM | 20 | ₹3.16 lakhs |
3. Prestige Institute of Management and Research, Indore (PIMR Indore)
PIMR Indore, affiliated with Devi Ahilya University, is considered one of the best MBA colleges in Indore and a top private college in Indore offering quality management education. NAAC accredits the institute with an A++, and it is among the best MBA colleges in Indore. As one of the leading AICTE-approved MBA colleges, it offers top MBA programs with specializations in financial administration, marketing management, international business, and personnel administration. The institute is well-known for offering MBA with placement in Indore, and it supports multiple entrance exams, including MBA admission without CAT.
- Courses Offered: MBA
- Admission Process: A valid score in CMAT is required for MBA admission.
- Website: www.pimrindore.ac.in
- Address: Indore, Madhya Pradesh 452010
PIMR Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 450 | ₹1.59 lakhs |
| MBA in Financial Administration | 120 | ₹1.59 lakhs |
| MBA in Marketing Management | 120 | ₹1.59 lakhs |
| MBA in International Business | 60 | ₹1.59 lakhs |
| MBA in Personnel Administration | 60 | ₹1.59 lakhs |
| MBA in Advertising and Public Relations | 60 | ₹1.59 lakhs |
4. Shri Vaishnav Institute of Management, Indore
Shri Vaishnav Institute of Management, established in 1987, is among the top private colleges in Indore and consistently features in the list of the best MBA colleges in Indore. Affiliated with DAVV, the institute offers some of the top MBA programs, including MBA (Dual Specialization), MBA in marketing management, financial management, and advertising and public relations management. Shri Vaishnav Institute offers a total of 360 MBA seats every year. The institute accepts CMAT scores for the MBA admission.
- Courses Offered: MBA
- Admission Process: Admission is based on the CMAT test.
- Website: www.svimi.org
- Address: Gumasta Nagar, Indore, Madhya Pradesh 452009
SVIMI Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA – Dual Specialization | 180 | ₹1.72 lakhs |
| MBA in Financial Administration | 60 | ₹1.45 lakhs |
| MBA in Advertising & Public Relations Management | 30 | ₹1.72 lakhs |
| MBA (Part-time) | – | ₹1.2 lakhs |
| MBA in Marketing Management | 60 | ₹1.2 lakhs |
5. Acropolis Faculty of Management and Research, Indore (AFMR Indore)
Among the best MBA colleges in Indore, Acropolis Faculty of Management and Research is known for its affordability and quality education. This AICTE-approved MBA college is affiliated with Devi Ahilya Vishwavidyalaya and stands out as a top private MBA college in Indore. It offers top MBA programs with specializations in finance, human resources, IT and systems, and sales and marketing. Admissions are based on CMAT scores.
- Courses Offered: MBA/PGDM
- Admission Process: Admission is based on CMAT scores.
- Website: https://afmr.ac.in/
- Address: Malwa County, Indore, Madhya Pradesh 453771
AFMR Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 300 | ₹55K |
6. Institute of Management Studies, Indore (IMS Indore)
The Institute of Management Studies, Devi Ahilya Vishwavidyalaya, is one of the best MBA colleges in Indore and a leading choice for those seeking a top government MBA college in Indore. Known for its affordability and quality, IMS Indore is an AICTE-approved MBA college offering top MBA programs in financial administration, marketing management, human resources, hospital administration, and more. Admission is based on CUET PG or CMAT scores through MP state counselling.
- Courses Offered: MBA and BBA
- Admission Process: Admission is based on CUET PG or CMAT scores.
- Website: https://ims.dauniv.ac.in
- Address: Khandwa Road, Indore, Madhya Pradesh 452001
IIMS Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA in Marketing Management | 120 | ₹1.98 lakhs |
| MBA in Financial Administration | 120 | ₹1.98 lakhs |
| MBA in Human Resource | 120 | ₹1.98 lakhs |
| Integrated MBA (E-commerce) | 60 | ₹1.45 lakhs |
| MBA in Hospital Administration | 120 | ₹1.98 lakhs |
| Integrated MBA in Hospital Administration | 60 | ₹1.45 lakhs |
| Executive MBA | 120 | ₹1.98 lakhs |
| MBA in Disaster Management | 120 | ₹1.98 lakhs |
7. Govindram Seksaria Institute of Management and Research, Indore (GSIMR Indore)
Govindram Seksaria Institute of Management and Research is an affordable MBA college in Indore and a popular choice for students looking for a top MBA college in Indore. This AICTE-approved MBA college offers a full-time MBA program affiliated with Devi Ahilya Vishwavidyalaya. With 120 seats available annually, GSIMR provides access to top MBA programs, with admissions based on CMAT scores.
- Courses Offered: MBA
- Admission Process: Admission is based on CMAT scores.
- Website: https://gsimr.co.in
- Address: Vijay Nagar, Near Marriott Hotel, Indore, Madhya Pradesh 452010
GSIMR Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 120 | ₹64K |
8. NMIMS, Indore
NMIMS is a private MBA college in Indore offering some of the top MBA programs through its School of Business Management. Recognized by both AICTE and AIU, NMIMS has earned a reputation as a top MBA college in Indore. With an annual intake of 180 seats, admissions are based on NMAT or NMIMS CET scores.
- Courses Offered: MBA/PGDM
- Admission Process: Admission is based on scores in NMAT or NMIMS CET.
- Website: www.indore.nmims.edu/
- Address: Gandhi Nagar, Indore, Madhya Pradesh 452005
NMIMS Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA | 120 | ₹18 lakhs |
| Integrated BTech in Computer Engineering + MBA in Technology Management | 60 | ₹14.25 lakhs |
9. International Institute of Professional Studies, Indore (IIPS Indore)
Established in 1992, the International Institute of Professional Studies is a government MBA college in Indore. The institute is affiliated with the Devi Ahilya Vishwavidyalaya and is approved by AICTE. IIPS offers MBA in specializations, including management science, entrepreneurship, tourism administration, advertising, and public relations etc.
- Courses Offered: MBA
- Admission Process: Admission is done through CUET‑PG or DAVV‑CET.
- Website: https://iips.edu.in
- Address: Khandwa Road, Indore, Madhya Pradesh 452001
IIPS Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA in Management Science | 120 | ₹1.98 lakhs |
| MBA in Entrepreneurship | 120 | ₹1.98 lakhs |
| MBA in Tourism Administration | 120 | ₹1.98 lakhs |
| MBA in Advertising and Public Relations | 120 | ₹1.98 lakhs |
10. Medi-Caps University, Indore
Medi‑Caps University, a private university established in 2000 in Indore, offers full‑time MBA programs under its Faculty of Management Studies. The university offers specializations in marketing management, finance, human resource management, foreign trade, logistics, and supply chain management etc.
- Courses Offered: MBA
- Admission Process: Medi-Caps University accepts national-level exam scores including CAT, MAT, CMAT, XAT, or its own MU‑SAT
- Website: www.medicaps.ac.in
- Address: Indore, Madhya Pradesh 453331
Medi-Caps Indore Programs & Fee Structure
| Courses | Total Seats | Total Fees |
| MBA in Finance | 720 | ₹2.6 lakhs |
| MBA in Business Analytics | – | ₹5 lakhs |
| MBA in Marketing Management | – | ₹2.6 lakhs |
| MBA in HR | – | ₹2.6 lakhs |
| MBA in Foreign Trade | – | ₹2.6 lakhs |
| MBA in Logistics & Supply Chain Management | – | ₹2.6 lakhs |
Top MBA Colleges in Indore – Seat Intake
Here is the list of the best MBA colleges in Indore along with the total MBA seats offered by top institutions.
| College Name | Total MBA Seats |
| IIM Indore | 212 |
| Jaipuria Institute | 180 |
| PIMR Indore | 900 |
| Shri Vaishnav Institute | 360 |
| AFMR Indore | 300 |
| IMS Indore | 840 |
| GSIMR Indore | 120 |
| NMIMS Indore | 180 |
| IIPS Indore | 600 |
| Medi-Caps University | 720 |
Top Government MBA Colleges in Indore – Seat Intake
Below is the list of some of the top government MBA colleges in Indore and the total number of seats offered by these colleges.
| College Name | Total MBA Seats |
| IIM Indore | 212 |
| IMS Indore | 840 |
| IIPS Indore | 600 |
Top Private MBA Colleges in Indore – Seat Intake
Below is the list of some of the top private MBA colleges in Indore and the total MBA seats offered by them.
| College Name | Total MBA Seats |
| Jaipuria Institute | 180 |
| PIMR Indore | 900 |
| Shri Vaishnav Institute | 360 |
| AFMR Indore | 300 |
| GSIMR Indore | 120 |
| NMIMS Indore | 180 |
| Medi-Caps University | 720 |
MBA Fees Comparison of Best Colleges in Pune
| College | College Type | Total Fees |
| IIM Indore | Public | ₹17.3-₹35 lakhs |
| Jaipuria Institute | Private | ₹12.8 lakhs |
| PIMR Indore | Private | ₹1.6 lakhs |
| Shri Vaishnav Institute | Private | ₹1.2-₹1.7 lakhs |
| AFMR Indore | Private | ₹55k |
| IMS Indore | Public | ₹1.4-₹2 lakhs |
| GSIMR Indore | Private | ₹64k |
| NMIMS Indore | Private | ₹14.3-₹18 lakhs |
| IIPS Indore | Public | ₹2 lakhs |
| Medi-Caps University | Private | ₹2.6-₹5 lakhs |
Placements at Top MBA Colleges in Pune
| College | Average Placement Package (LPA) | Highest Placement Package (LPA) |
| IIM Indore | ₹25.68L | ₹100L |
| Jaipuria Institute | ₹9.05L | ₹36.60L |
| PIMR Indore | ₹4.41L | ₹32L |
| Shri Vaishnav Institute | ₹4L | ₹9L |
| AFRM Indore | ₹3.75L | ₹10.5L |
| IMS Indore | ₹6.16L | ₹18.50L |
| GSIMR Indore | ₹4L | ₹10L |
| NMIMS Indore | ₹12.5L | ₹16.8L |
| IIPS Indore | – | – |
| Medi-Caps University | – | – |
How to choose the right MBA college in Indore?
With a lot of top MBA colleges in Indore, it can be a daunting task to choose the right one. MBA aspirants can consider the following factors to choose the best MBA college in Indore.
- Type of College: Decide between government and private colleges. MBA colleges in Indore based on your budget and career goals.
- Accreditation and Recognition: Prefer colleges approved by AICTE, or accredited by NAAC, NBA, AACSB, or EQUIS.
- Entrance Exams Accepted: Look for MBA colleges accepting CAT, XAT, CMAT, NMAT, MAT, depending on what you’ve taken.
- Fee and ROI: Government colleges typically cost less and offer good ROI, while private colleges vary.
- Placement Records: Check average and top salary figures. IIM Indore leads, followed by Jaipuria, PIMR, NMIMS.
- Course Specialisations: Choose institutes offering specializations aligned with your career aspiration (e.g., finance, marketing, analytics).
- Industry Connections and Internships: Colleges with strong industry tie-ups like IIM Indore help with projects and internships.
- Campus Life and Location: Visit campuses if possible—Indore’s cost of living and infrastructure support student life well.
Frequently Asked Questions (FAQs)
1. Which entrance exams are accepted by the best MBA colleges in Indore?
Most top MBA colleges in Indore accept scores from CAT, MAT, CMAT, XAT, and GMAT. For example, IIM Indore accepts CAT, while private institutes like Jaipuria Institute of Management and Prestige Institute accept MAT, CMAT, and CAT.
2. Can I get admission to top MBA colleges in Indore without CAT?
Yes, several MBA colleges in Indore offer admission without CAT. Institutes like Prestige Institute of Management and Research (PIMR) and Jaipuria Institute of Management also consider MAT, CMAT, or college-level entrance tests.
3. What are the eligibility criteria for MBA admission in Indore?
The basic eligibility is a graduation degree with at least 50% marks (45% for reserved categories). Some colleges also require valid scores in entrance exams like CAT, MAT, or CMAT.
4. Do top MBA colleges in Indore offer scholarships or financial aid?
Yes, many top MBA colleges in Indore offer merit-based scholarships, need-based financial aid, and fee waivers. Some colleges also provide scholarships for reserved categories, girls, and economically weaker sections.
5. Which top MBA college in Indore offers the highest placement package?
IIM Indore consistently offers the highest placement packages, with top offers going up to ₹35-40 LPA in recent years. Other private MBA colleges in Indore also offer decent packages based on industry tie-ups.
6. What is the average placement salary for MBA graduates in Indore?
The average placement salary in Indore varies by college. At IIM Indore, it is around ₹25 LPA, while in other reputed colleges like PIMR or Jaipuria, it ranges from ₹6 to ₹10 LPA.
7. Which colleges in Indore offer Executive MBA or part-time MBA programs?
IIM Indore offers a Post Graduate Programme in Management for Executives (EPGP)
PIMR Indore and Jaipuria Institute also offer part-time/executive MBA courses for working professionals.
8. Which MBA college in Indore has the best campus infrastructure?
IIM Indore has one of the best campuses in the country with modern classrooms, hostels, sports facilities, and Wi-Fi.
9. How can international students apply for MBA programs in Indore?
International students can apply through the college’s international admission cell or NRI quota, usually with a valid GMAT/GRE score or equivalent. Documents like transcripts, a passport copy, visa, and English proficiency (TOEFL/IELTS) may be required.
10. What is the average MBA fee in Indore?
The average MBA fees in Indore range from ₹2.5 lakh to ₹18 lakh, depending on the institute. Private MBA colleges like Jaipuria Institute may charge between ₹7-10 lakh, while IIM Indore charges over ₹18 lakh for a full-time MBA.
Conclusion
Indore has grown to become one of the most preferred cities for management education in India. With top institutes like IIM Indore and several other government and private colleges offering top MBA programs, students have many good options to choose from. If you are looking for an MBA college with good placements, modern infrastructure, and strong industry links, Indore should definitely be on your list. The above-listed are the best MBA colleges in Indore. To choose the right college, students should compare colleges based on their course structure, fees, location, and placement records. Doing a little research can help you choose the best MBA college in Indore that fits your career goals.
