Top 10 MBA Colleges In Bhopal 2024- Admission, Fees, Exams

Bhopal is the capital of Madhya Pradesh and one of the top cities for an MBA education in central India. It has a number of reputed colleges and institutes that offer students an MBA or an equivalent PGDM course in a number of demanded specialisations. With the affordability of MBA education and excellent support for placements, Bhopal is a centre for rigorous management education. 

This blog summarises all essential details about the top 10 MBA colleges of Bhopal such as their admission procedure, course structure, specialisations, fee, placement services etc. Continue reading to know more about the right MBA college for you in Bhopal. 

Top MBA Colleges in Bhopal

There are a number of private and government institutions of management in Bhopal that offer postgraduate education in business management, which includes an MBA degree or an equivalent PGDM program. The student services of the top colleges for MBA in Bhopal are also up to the mark of national standards and students can benefit from an all-round exposure through the courses. Also Read: Full form of MBA.

Here is a list of the top 10 MBA colleges in Bhopal, which have been selected on the basis of their course curriculum, faculty, placements and other student services. 

MBA College/University	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Indian Institute of Forest Management (IIFM), Bhopal	Post Graduate Diploma in Forestry Management (PGDFM)  Post Graduate Diploma in Sustainability Management (PGDSM)	CAT/XAT/MAT/ CMAT/GMAT	INR 4,68,000 to INR 7,80,000
People's Institute of Management and Research	Master of Business Administration (MBA)	CAT/XAT/MAT/CMAT/MP-CET	INR 1,40,000 to INR 1,70,000
Duke College of Management, Bhopal	Master of Business Administration (MBA)	CMAT	INR 78,000
Jagran Lake City Business School, Bhopal	Master of Business Administration (MBA)	JLUET/ CAT/MAT	INR 3,60,000
SAGE University, Bhopal	Master of Business Administration (MBA)	SAGE University Entrance Exam	INR 1,20,000 to INR 3,56,000
IES College of Technology, Bhopal	Master of Business Administration (MBA)	(Based on General Eligibility Criteria)	INR 1,30,000
VIT Business School, Bhopal	Master of Business Administration (MBA)	CAT/ MAT/ CMAT/ XAT/ GMAT/ NMAT/ ATMA	INR 6,97,000
Millenium Institute of Technology & Science (MITS), Bhopal	Master of Business Administration (MBA)	(Based on General Eligibility Criteria)	INR 74,000
Vidyasagar Institute of Management	Master of Business Administration (MBA)	CMAT	INR 86,200
Mansarovar Global University	Master of Business Administration (MBA)	(Based on General Eligibility Criteria)	INR 1,00,000 to INR 1,20,000

General Eligibility and Accepted Entrance Exams for Admissions in Bhopal MBA Colleges

In the case of an MBA, an interested candidate needs to satisfactorily meet the minimum eligibility of admission, along with qualifying the rounds of screening (including an MBA entrance and personal interview-group discussion). 

For most of the MBA colleges in Bhopal, the minimum eligibility criteria for admission is:

• Having completed Bachelor’s education from a recognised university/institution
• Secured at least 50% aggregate marks in graduation 
• Candidates from any educational background can apply to the course. 
• A few institutes also require the candidate to have 3 to 5 years of professional experience in a relevant industry

Once a candidate fulfils the above criteria, they are required to present a valid score in an accepted management entrance examination, and the commonly accepted entrances for MBA in Bhopal include: 

• Common Admission Test (CAT)
• Xavier Aptitude Test (XAT)
• Management Aptitude Test (MAT)
• Common Management Admission Test (CMAT)
• Graduate Management Admission Test (GMAT)
• Madhya Pradesh Common Entrance Test (MP-CET)
• NMIMS Management Aptitude Test (NMAT)
• Jagran Lake University Entrance Test (JLUET)

Some of the management colleges of Bhopal also accept candidates based on their admission eligibility criteria without going for a management entrance. Given here is a list of the accepted entrance exams in the top MBA colleges of Bhopal. 

MBA College/Institute	Accepted Entrance Examination
Indian Institute of Forest Management (IIFM), Bhopal	CAT/XAT/MAT/ CMAT/GMAT
People's Institute of Management and Research	CAT/XAT/MAT/CMAT/MP-CET
Duke College of Management, Bhopal	CMAT
Jagran Lake City Business School, Bhopal	JLUET/ CAT/MAT
SAGE University, Bhopal	SAGE University Entrance Exam
IES College of Technology, Bhopal	(Based on General Eligibility Criteria)
VIT Business School, Bhopal	CAT/ MAT/ CMAT/ XAT/ GMAT/ NMAT/ ATMA
Millenium Institute of Technology & Science (MITS), Bhopal	(Based on General Eligibility Criteria)
Vidyasagar Institute of Management	CMAT
Mansarovar Global University	(Based on General Eligibility Criteria)

In addition to qualifying an entrance examination of management, candidates must also appear at the university to qualify for screening based on personal interviews (PI) and group discussions (GD). 

When the candidates gets shortlisted for enrolment after passing through the above mentioned rounds, they can pay the tuition fee and secure a seat in the course at the college of their choice.

Student Also Ask
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MBA for Working Professionals	MBA Global Online
MBA Dual Online
MBA Marketing and Finance Online	MBA Data Science and Analytics Online
MBA Marketing and HR Online	MBA HRM and Finance Online
MBA Logestic and Supply Chain Online	MBA Hospital and Healthcare Online

Best Private & Government MBA Colleges of Bhopal

Find important details about the MBA/PGDM courses offered at various management institutes and colleges in Bhopal here.

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

The Indian Institute of Forest Management (IIFM), Bhopal is a government institute that was established in 1982 as an autonomous college by the Ministry of Environment, Forest and Climate Change, Government of India. The institution has developed acclaim in the niche of management of forest and environmental resources.

The course offered at IIFM is a PGDM program, however, it is a specialisation-integrated course and offered in two forms- the PG Diploma in Forestry Management (i.e. PGDFM) and the PG Diploma in Sustainability Management (PGDSM). The course is a full-time 2 year degree and is recognized by the AICTE and NBA. The institution offers facilities to support students such as supervision and mentorship by faculty, merit scholarships, placement support as well as professional training. The RoI of IIFM is also quite high and useful for students aspiring to venture into the fields of forest and climate change, environmental management etc. 

Find further course details about IIFM Bhopal here. 

Degree Offered	Post Graduate Diploma in Forestry Management (PGDFM)  Post Graduate Diploma in Sustainability Management (PGDSM)
Accreditations	AICTE, NBA, Recognised by the Ministry of Environment, GoI etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/MAT/CMAT/GMAT
Course Specialisations	Forestry Management  Sustainability Management
Full Course Fees	INR 4,68,000 to INR 7,80,000
Placement Package	INR 8,40,000 P.A.

2) People's Institute of Management and Research 

People’s Institute of Management and Research (PIMR) is a management institution of Madhya Pradesh established in 2004 as part of the People’s University. It is a NAAC-rated ‘A’ grade college of India that has also been recognised by UGC and AICTE. The MBA program at PIMR is offered through the Department of Management. The specialisations offered as part of the course include those like finance, marketing, HRM, international business, event management, entrepreneurship etc. The full program fee is around INR 1.4 lakhs to INR 1.7 lakhs. Placement services are also offered in the form of professional grooming, skill building and campus selections as part of the course. 

Find further details about the MBA course at PIMR here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, NAAC ‘A’
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/MAT/CMAT/MP-CET
Course Specialisations	Human Resource Management (HRM) Finance Management Marketing Management Hospital Administration  Logistics and Supply Chain Management International Business (IB) Management Rural Management Retail Management Information Technology (IT) Management Event Management Banking & Insurance Management  Entrepreneurship Management
Full Course Fees	INR 1,40,000 to INR 1,70,000
Placement Package	Current Statistics Unavailable

3) Duke College of Management, Bhopal 

Duke College of Management is a private business school of Bhopal that is affiliated to the Barkatullah University, Bhopal. It was established in 1969 and has the accreditation from AICTE for its professional courses. The 2-year MBA program at DCM is offered in 5 functional specialisation areas of finance, marketing, HRM, retail management and banking and financial services management. Candidates who have successfully qualified the CMAT can seek admission in the course.

The course fee is also within a pocket-friendly range of INR 78,000 for two years. Placement services are also offered as part of the course. The college partners with companies such as SBI, ICICI Bank, Walmart, Reliance etc. Five specialisation choices are offered as part of the course. Students can also take up dual specialisations for the course. Other features of the MBA program offered at Duke College of Management include full student support and services, infrastructural support as well as placement services. 

Given below are further key details about the MBA program here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CMAT
Course Specialisations	Marketing Management Finance Management Human Resource Management Retail Management Banking and Financial Services Management
Full Course Fees	INR 78,000
Placement Package	Current Statistics Unavailable

4) Jagran Lake City Business School, Bhopal

Established in 2013 in the capital city of Bhopal, Jagran Lake City Business School is a part of the Jagran Lake University (JLU). The B-school is an eminent centre for management education and has multiple reputed accreditations such as those from UGC, NCTE, AIMA etc. It is recognised by the Government of Madhya Pradesh and is also an AIU-member.

The course offered here is a 2-year MBA degree in the regular mode. The college offers 5 specialisation options for the course, with the choice of going for dual specialisations–one major and one minor domain. The full fee for the course is around INR 3.6 lakhs with placements upto INR 15 LPA, making up for almost five times the RoI as the investment. 

The full details about the course have been described here.

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AIU, NCTE, AIMA, ACU, Recognised by Government of Madhya Pradesh etc.
Course Duration	2 Years
Accepted Entrance Examinations	JLUET/ CAT/MAT
Course Specialisations	Marketing Management  Finance Management  Human Resource Management (HRM Business Analytics Entrepreneurship Management
Full Course Fees	INR 3,60,000
Placement Package	INR 15,00,000 P.A (Highest CTC)

5) SAGE University, Bhopal

SAGE, or Sanjeev Agrawal Global Educational University, was established in Bhopal with the aim of furthering higher education in the state and extending the quality educational services of the SAGE group to a larger number of students.  The management programs here are offered through the SAGE Institute of Management Studies (SIMS) and have approvals like those from UGC and AICTE. The MBA program here is approved by the AICTE and UGC and offered in 13 specialization areas. In addition to student services and placement assistance, the university is also well-known for its up to date curricular framework, scholarships and financial support, advanced infrastructure etc. 

The important details about the MBA course at SAGE University have been provided here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AICTE, PCI, Government of Madhya Pradesh etc.
Course Duration	2 Years
Accepted Entrance Examinations	SAGE University Entrance Exam
Course Specialisations	Human Resource Management Marketing Management Financial Management Event Management Production and Operations Management Information Technology (IT) Management Business Analytics Aviation Management  Banking & Finance  Hospital Administration  Business Administration  Applied Management  Agribusiness Management
Full Course Fees	INR 1,20,000 to INR 3,56,000
Placement Package	INR 5,10,000 P.A.

6) IES College of Technology, Bhopal

Established in 2007, Infotech Education Society (IES) College of Technology is a private technical and management institution affiliated to Barkatullah University, Bhopal for its management programs. It has been approved by the AICTE and offers a 2-year MBA program in 4 specialisation domains– finance, marketing, HRM and IT management. IES College of Technology accepts candidates for their MBA program based on how well they meet the minimum eligibility criteria, and hence entrance exam scores are not needed for admission to MBA here.

The course is placement-integrated and the dedicated placement cell of the college brings lucrative career opportunities and job offers from top companies and firms to MBA graduates.  

Find further details about the MBA course at IES College of Technology here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	– (Admission based on General Eligibility Criteria)
Specialisations	Human Resource Management (HRM)  Finance Management  Marketing Management   Information Technology (IT) Management
Full Course Fees	INR 1,30,000
Placement Package	INR 21,00,000 P.A. (Highest CTC)

7) VIT Business School, Bhopal

VIT Business School, Bhopal is a part of the prestigious Vellore Institute of Technology (VIT),  Bhopal campus. It was established in 2017 and currently has approvals like those from UGC, AICTE and ARIIA in its basket. The MBA program of VIT Business School is recognised by AICTE and includes specialisations in 7 domains like finance management, marketing management, HR management, retail management, fintech etc. The common highlights of the institute include its highly experienced faculty, consistently high placement records, curricular and academic rigour and focus on practical and industrial exposure. 

Further major details about the MBA program at VITBS have been provided below. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AICTE, ARIIA
Course Duration	2 Years
Accepted Entrance Examinations	CAT/ MAT/ CMAT/ XAT/ GMAT/ NMAT/ ATMA
Course Specialisations	Finance Management   Marketing Management  Human Resource Management (HRM) Retail Management  Fintech  Business Analytics  Entrepreneurship
Full Course Fees	INR 6,97,000
Placement Package	INR 6,57,000 P.A.

8) Millenium Institute of Technology & Science (MITS), Bhopal

MITS Bhopal is a part of the Millennium Education & Development Society that was established in 1999 and consists of a total of 12 constituent colleges. MITS Bhopal has accreditations like those from AICTE, NCTE and DTE for its technical and management courses. The institute offers students a full-time MBA degree with the option of choosing one from the four specialisations of marketing management, finance management or human resource management.

MITS Bhopal admits candidates based on the minimum eligibility and thus, aspirants without a management entrance score can also seek admission in the course. The full course fee is INR 74,000. Placement services are also offered as part of the course. 

More details about the MBA program at MITS Bhopal can be found here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE, NCTE, DTE etc.
Course Duration	2 Years
Accepted Entrance Examinations	– (Admission Based on General Eligibility Criteria)
Course Specialisations	Marketing Management  Finance Management  Human Resource Management (HRM)
Full Course Fees	INR 74,000
Placement Package	INR 1,80,000 P.A.

9) Vidyasagar Institute of Management

Vidyasagar Institute of Management (VIM), Bhopal is a private management institution established in Bhopal in 1997. It is an AICTE-approved institution and offers students a full-time MBA program in the regular mode in three specialisation areas- finance management, marketing management and human resource management. The admissions to the course are based on the scores of candidates on the CMAT examination. The full fee for the same is INR 86,200 (i.e. an annual amount of INR 46,100). The placement services of the institute allow the candidate to explore job opportunities in top MNCs and firms with appealing placement offers. 

More details about the MBA program at VIM Bhopal have been listed below. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CMAT
Course Specialisations	Finance Management Marketing Management Human Resource Management (HRM)
Full Course Fees	INR 86,200
Placement Package	INR 8,50,000 P.A. (Approximate)

10) Mansarovar Global University

The Mansarovar Global University was established in 2017 under the aegis of Madhya Pradesh Niji Vishwavidhyalaya and is one of the top emerging universities for higher education in fields related to management, agriculture, commerce, finance, humanities, social sciences, engineering, technology, law, ayurveda etc. The accreditations of Mansarovar Global University include those from UGC and BCI along with an AIU membership.

The MBA course is offered here in 13 specialisation areas including up and coming domains like disaster management, fire safety and hazard management, construction management etc. The full course fee is within an affordable range of INR 1,00,000 to INR 1,20,000, which can be paid through instalments across semesters, making the investment easy on the pocket. Paired with this is the excellent RoI that a graduate is likely to get considering average placement packages range up to INR 14 LPA. 

Find further details about the MBA program at Mansarovar Global University here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AIU, BCI,
Course Duration	2 Years
Accepted Entrance Examinations	– (Based on General Eligibility Criteria)
Course Specialisations	Human Resource Management (HRM)  Marketing Management Information Technology Management (IT)  Finance Management Logistics Management Supply Chain Management Construction Management Hospital Management/ Hospital Administration Tourism & Travel Management Disaster Management Fire Safety & Hazard Management Agro-Business Management Health Care Management
Full Course Fees	INR 1,00,000 to INR 1,20,000
Placement Package	INR 14,00,000 P.A.

RoI of MBA Colleges in Bhopal 

The affordable MBA courses being offered at top management colleges of Bhopal, combined with their excellent placement services make up for appealing returns on investment.

Is MBA Worth It?	Is Online MBA Worth It?
How to Calculate Return on Investment?

The RoI of an MBA college is a ratio of the average CTC at which students get placed in a college to the full course fee for the program. It is reflective of how quickly a student can regain the investments (fees and other financial investments) into the course after placements. 

A high RoI is an advantageous feature of an MBA college and Bhopal management institutions make up for a satisfactory RoI since the course fee is within a relatively affordable range, and top hirers and companies partner with the college to place MBA graduates in appealing job positions. 

For quick comparison, here is a list of some of the best MBA colleges of Bhopal along with their full course fee (for 2 years) and the average CTC offered to graduates through campus placements. 

College/Institute	Full Course Fees	Average Placement Package
Indian Institute of Forest Management (IIFM), Bhopal	INR 4,68,000 to INR 7,80,000	INR 8,40,000 P.A.
People's Institute of Management and Research	INR 1,40,000 to INR 1,70,000	Current Statistics Unavailable
Duke College of Management, Bhopal	INR 78,000	Current Statistics Unavailable
Jagran Lake City Business School, Bhopal	INR 3,60,000	INR 15,00,000 P.A (Highest CTC)
SAGE University, Bhopal	INR 1,20,000 to INR 3,56,000	INR 5,10,000 P.A.
IES College of Technology, Bhopal	INR 1,30,000	INR 21,00,000 P.A. (Highest CTC)
VIT Business School, Bhopal	INR 6,97,000	INR 6,57,000 P.A.
Millenium Institute of Technology & Science (MITS), Bhopal	INR 74,000	INR 1,80,000 P.A.
Vidyasagar Institute of Management	INR 86,200	INR 8,50,000 P.A. (Approximate)
Mansarovar Global University	INR 1,00,000 to INR 1,20,000	INR 14,00,000 P.A.

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Top Recruiters of MBA Graduates in Bhopal 

Some of the common sectors in which MBA graduates are placed after course completion include: 

Marketing Agencies	Health Administration and Hospital Services
Advertising Agencies	FMCG Industry
Finance and BFSI firms	Hospitality Sector
ITES Sector	Data Science & Business Analytics
Operations and Logistics Management	Entrepreneurship
Consultancy Sector	International Businesses
Research and Development Sector	Tourism Sector etc.

Top hirers for MBA graduates include corporate houses, private firms and companies, MNCs, public sector organisations etc. The MBA colleges of Bhopal have vast industrial connections and top industrial giants and firms hire MBA graduates from these institutions. As a result, students pursuing an MBA from these colleges get the opportunity to land jobs in top firms at appealing positions and job roles with satisfactory remuneration and perks. 

Here is a list of some of the top MBA colleges of Bhopal along with a few of their recruiting partners for MBA/PGDM program. 

College/Institute/University	Top Recruiting Partners
Indian Institute of Forest Management (IIFM), Bhopal	Deloitte  KPMG  Ernst & Young  Reliance Foundation  Tata Trusts  JK Paper Ltd.  Wildlife Trust of India  CIFOR  ITC Ltd.  Aditya Birla Group IDFC First Bank  NITI Ayog  PWC  UNDP etc.
People's Institute of Management and Research	Reliance Life Insurance Kotak Mahindra ICICI Prudential  Bajaj Allianz India Mart  Indian Biologicals Dainik Bhaskar HDFC Standard Life Insurance Bharti Tele-net etc.
Duke College of Management, Bhopal	SBI Mutual Fund  Reliance  Walmart  ICICI Lombard  Forward Steps  IndusInd Bank Ondoor  Corporate Steps etc.
Jagran Lake City Business School, Bhopal	Tata Class Edge  The Times of India (ToI) Amazon  Axis Bank  Mercedes-Benz Infosys NDTV  Muthoot Finance HDFC Bank  Radisson  ETV SAIL  IDBI Bank  Madchatter  Eicher etc.
SAGE University, Bhopal	NSE  Star Electricals  State Bank of India (SBI) Somotrix.io  Finance Peer  Sunstone Eduversity  Apollo Sage Hospitals etc.
IES College of Technology, Bhopal	Infosys  IBM  Wipro  Zaensar Technologies  Infrasoft Technologies   Lupin  Sun Pharma  Cipla etc.
VIT Business School, Bhopal	Cisco  Adobe  VISA IBM  Intel  Microsoft  PWC  Ernst & Young  TVS Sapiens  Citi Havells etc.
Millenium Institute of Technology & Science (MITS), Bhopal	Infosys  Wipro  Idea  Cipla  HCL  Sterlite  Reliance Communications  Ascent  IDBI Bank  Tata Indicom  Ascent  Aegis Ltd.  Vedanta etc.
Vidyasagar Institute of Management	Tata  Sugar  Boat etc.

Online MBA Colleges in Bhopal

Apart from taking up an MBA course from a college in a particular city, another up and coming educational alternative is to go for a fully online MBA program. An online MBA allows a student to expand their horizons and choose a reputed university from anywhere across India while residing in the location of their convenience. 

Moreover, an online MBA can confer many additional advantages to a student as well such as a pocket-friendly fee, best placements, flexibility of learning, liberty of working while completing the degree, choosing from a wide range of in-demand specialisations, as well as getting a degree that is equivalent in value and credibility to an offline, regular MBA course.

A number of well-accredited colleges and institutions across India offer a fully online MBA program to students and professionals who have completed a Bachelor’s degree. Here is a list of duly accredited institutions in India that offer an online MBA. 

University	Location	Course	Mode
ICFAI Online	Hyderabad (Main Campus)	Master of Business Administration (MBA)	Online Learning (OL) Mode
GLA Online	Mathura	Master of Business Administration (MBA)	Online Learning (OL) Mode
Amity Online	Noida (Main Campus)	Master of Business Administration (MBA)	Online Learning (OL) Mode
Jain Online University	Bangalore	Master of Business Administration (MBA)	Online Learning (OL) Mode
LPU Online	Phagwara	Master of Business Administration (MBA)	Online Learning (OL) Mode
IMT Online	Ghaziabad	Post Graduate Diploma in Management (PGDM)	Online Learning (OL) Mode
Online Manipal University	Jaipur	Master of Business Administration (MBA)	Online Learning (OL) Mode
Online Uttaranchal University	Dehradun	Master of Business Administration (MBA)	Online Learning (OL) Mode
Hindustan University Online	Chennai	Master of Business Administration (MBA)	Online Learning (OL) Mode
SASTRA University Online	Thanjavur	Master of Business Administration (MBA)	Online Learning (OL) Mode
Manav Rachna Online	Faridabad	Master of Business Administration (MBA)	Online Learning (OL) Mode
Chandigarh University Online	Chandigarh	Master of Business Administration (MBA)	Online Learning (OL) Mode

Best Paid MBA Online Specialization

MBA Finance Online	MBA Marketing Online
MBA HR Online	MBA Operations Online
MBA IT Online	MBA Business Analytics Online
MBA International Business Online	MBA Data Science Online
MBA Project Management Online	MBA Digital Marketing Online
MBA Banking and Finance Online	MBA General Online

Conclusion 

Bhopal is home to a number of top institutions for higher education, especially in the domain of management. The MBA colleges of Bhopal offer the program in a number of specialised domains at pocket-friendly fee ranges. With integrated placement services including campus placement drives, MBA colleges of Bhopal can offer quite impressive industrial exposure and career opportunities to management aspirants.