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Top 10 MBA Colleges In Madhya Pradesh 2024- Admission, Fees, Exams

College Vidya Team Sep 10, 2024 3.3K Reads

Madhya Pradesh, located in central India, is one of the developing states of the country which has a large number of flourishing higher educational institutions in a number of domains. It is also a hub of a number of private as well as public colleges and institutes for management education, especially an MBA. A large number of students from all surrounding states and other parts of India often take up an MBA program from top colleges and institutions of MP considering the efficient higher education facilities and infrastructural amenities that have been made available in these institutions. 

Top 10 MBA Colleges in Madhya Pradesh

Madhya Pradesh is a state in central India with a number of cities that have well-renowned colleges and business schools for management education at various levels. There are a large number of available options for students to consider in terms of colleges for pursuing an MBA, as there are both public and private institutions offering an MBA program or equivalent programs like PGDM or PGPM to management aspirants. Also Read: Full form of MBA.

Given below are the top 10 MBA institutes in Madhya Pradesh that have been picked on the basis of a number of evaluation factors like the rankings of NIRF for the Management Category (2024), the faculty profile and academic amenities available in the institution as well as its curricular structure, available choices for specialisations, course fees and placements.

MBA College/University

NIRF Ranking

City 

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

Indian Institute of Management (IIM), Indore

8

Indore 

Post Graduate Program in Management (PGPM)

CAT/GMAT 

INR 21,00,000

Atal Bihari Vajpayee Indian Institute of Information Technology and Management 

85

Gwalior 

Master of Business Administration (MBA)

CAT 

INR 3,59,250

Indian Institute of Forest Management (IIFM), Bhopal

Bhopal 

  • PGDFM
  • PGDSM 

CAT/XAT/

MAT/

CMAT/GMAT

INR 4,68,000 to INR 7,80,000

SAGE University

Bhopal 

Master of Business Administration (MBA)

SAGE University Entrance Exam 

INR 1,20,000 to INR 3,56,000

Jaipuria Institute of Management

Indore 

Post Graduate Diploma in Management (PGDM)

CAT/CMAT/

XAT/MAT/

GMAT/ATMA

INR 10,35,000

Mansarovar Global University

Bhopal 

Master of Business Administration (MBA)

– (Based on General Eligibility Criteria)

INR 1,00,000 to INR 1,20,000

Vidyasagar Institute of Management

Bhopal 

Master of Business Administration (MBA)

CMAT

INR 86,200

Prestige Institute of Management and Research

Indore 

Master of Business Administration (MBA)

CMAT

INR 3,18,000

Institute of Business Management & Research (IBMR), Indore

Indore 

Master of Business Administration (MBA)

CMAT

INR 2,30,000

VIT Business School, Bhopal

Bhopal 

Master of Business Administration (MBA)

CAT/ MAT/ CMAT/ XAT / GMAT/ NMAT/ ATMA 

INR 6,97,000

General Eligibility and Accepted Entrance Exams for Admissions in Madhya Pradesh  MBA Colleges 

There are three main phases through which a candidate must qualify to enrol in a regular MBA program  which include: 

  • Meeting Basic Eligibility Conditions of the Course 
  • Qualifying a Management Entrance Exam at the Institutional, State or National Level 
  • Qualifying Rounds of Group Discussion-Personal Interview (GD-PI). 

The eligibility conditions for an MBA program in most regions of India are quite uniform. There are certain basic criteria that a student needs to meet to be eligible for an MBA program:

  • Having a Valid Bachelor's Degree from a Recognised University or Higher Education Institution 
  • Having Secured at least 50% Aggregate Marks in Graduation 

Candidates from all academic backgrounds are free to take up an MBA course. A few institutions may also include professional experience as a criteria for evaluation and screening of candidates. 

In addition to meeting the minimum eligibility conditions for an MBA most management institutions require the candidate to also qualify an institutional, state or national-level entrance examination. The most commonly accepted management entrance tests accepted in MBA colleges of MP include:

  • CAT
  • MAT
  • XAT
  • CMAT
  • GMAT
  • SAGE University Entrance Exam

The accepted management entrance tests in the top 10 MBA institutions of Madhya Pradesh have been enlisted below: 

College/University

Accepted Management Entrance Exam

Indian Institute of Management (IIM), Indore

CAT/GMAT 

Atal Bihari Vajpayee Indian Institute of Information Technology and Management 

CAT 

Indian Institute of Forest Management (IIFM), Bhopal

CAT/XAT/MAT/CMAT/GMAT

SAGE University

SAGE University Entrance Exam 

Jaipuria Institute of Management

CAT/CMAT/XAT/MAT/GMAT/ATMA

Mansarovar Global University

– (Based on General Eligibility Criteria)

Vidyasagar Institute of Management

CMAT

Prestige Institute of Management and Research

CMAT

Institute of Business Management & Research (IBMR), Indore

CMAT

VIT Business School, Bhopal

CAT/ MAT/ CMAT/ XAT / GMAT/ NMAT/ATMA 

The last phase of the selection procedure for admission in an MBA college after the prior two stages have been qualified, include the GD-PI rounds that are conducted by the institution to select final candidates for the course. 

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Best MBA Colleges in Madhya Pradesh

1) Indian Institute of Management (IIM), Indore

The Indian Institute of Management Indore or IIM Indore is one of the IIMs established in India in the first wave of IIM establishment in India, in the year 1996. It is an institution of national importance in India, and has accreditations and approvals from AACSB, AMBA and EQUIS. The institution is ranked as the nation’s 8th best management institution, and offers a Post Graduate Program in Management or PGPM in six specialisation areas.

The accepted management entrance exams for admission to this course include CAT and GMAT exams. The full program fee for the PGPM is INR 21 lakhs for two years, further supported through financial aid. The placement services at IIM Indore provide state-of-the-art amenities (much like the other services here) to ensure students get placed at top companies and firms with lucrative pay packages. 

Find more details about the PGPM at IIM-Indore given below:

Degree Offered 

Post Graduate Program in Management (PGPM)

Accreditations 

NIRF (Rank 8 in Management Category 2024), AACSB, AMBA, EQUIS

City 

Indore 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CAT, GMAT

Course Specialisations 

  • Marketing Management 
  • Finance Management 
  • Human Resource Management
  • Quantitative Research Management 
  • Operations Management 
  • Economics and Strategy Management 

Full Course Fees

INR 21,00,000

Average Placement Package 

INR 25,00,000 P.A.

2) Atal Bihari Vajpayee Indian Institute of Information Technology and Management

Established by the Ministry of Human Resource Development (MHRD), Government of India in 1997, Atal Bihari Vajpayee Indian Institute of Information Technology and Management or ABV-IIITM is a public management institute in Gwalior. In addition to being an ‘A’ grade institute as per NAAC, it also ranks among the top 100 management institutions of India as ranked by the NIRF (2024). The MBA program at IIITM Gwalior is offered in 7 specialisations, including up and coming options like technology and operations, business analytics etc. in addition to mainstream options like finance, marketing and HRM. Students who qualify the CAT exam can apply for admissions to this course. The fee for the course is nearly INR 3.59 lakhs, with placement services of the institute making up for a high RoI after course completion. 

Further details about the MBA program at ABV-IIITM are mentioned below:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

NAAC ‘A’ Grade, NIRF Rank 85 in Management Category (2024), ARIIA

City 

Gwalior 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CAT

Course Specialisations 

  • Marketing Management
  • Technology & Operations Management
  • Information Technology (IT) & Systems Management
  • Finance Management
  • Human Resource Management (HRM) 
  • Management of Social Sector
  • Business Analytics.

Full Course Fees

INR 3,59,250

Average Placement Package 

INR 24,31,000 P.A. 

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

The Indian Institute of Forest Management (IIFM) was established in 1982 by the Ministry of Environment, Forest and Climate Change, Government of India and is a distinguished institution for higher education in forest, environment and sustainable management studies. It is one of the few renowned institutions of India that allow students to pursue a degree course in forestry management. It offers two courses–a Post Graduate Diploma in Forestry Management (PGDFM) and a Post Graduate Diploma in Sustainability Management (PGDSM), both of which have been approved by the AICTE.

Candidates qualifying the CAT/XAT/MAT/CMAT/GMAT exams can apply to these courses. The full program fee for the courses lies in the range of INR 4.6 lakhs to INR 7.8 lakhs. The placement services of IIFM Bhopal are quite robust, with the placement division bringing to students top job opportunities in the relevant field with fair compensation. 

Find more key details about the PGD courses at IIFM enlisted below:

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. 

City 

Bhopal 

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

Average Placement Package 

INR 8,40,000 P.A. 

4) SAGE University

SAGE University is a young and rapidly growing university established in 2020 in Bhopal. Within three years of its establishment, the university has already gained major accreditations like those from UGC, AICTE and PCI. Additionally, it has also been recognised by the Government of Madhya Pradesh. The MBA program at SAGE is approved by the AICTE, and students qualifying the university’s own entrance test–SAGE University Entrance Exam, can apply to the course for admission. There are a large number of specialisations available in this course ranging from marketing, HRM etc. to event management and aviation management.

The fee range for the MBA at SAGE University ranges between INR 1.2 lakhs to INR 3.5 lakhs. The placements at the university allow for a good return on investment through lucrative job opportunities in renowned companies and MNCs. 

Find further details about the MBA program at SAGE University below:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, AICTE, PCI, Government of Madhya Pradesh etc. 

City 

Bhopal

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

Average Placement Package 

INR 5,10,000 P.A. 

5) Jaipuria Institute of Management

The Jaipuria Institute of Management was established in Indore in 2010, and is part of the renowned Jaipuria Group of Institutions. It has received top accreditations such as those from AACSB, AICTE, NBA etc. The PGDM program at Jaipuria is also approved by the AICTE, and is equivalent to an MBA as per AIU guidelines. The course is offered in functional “super” specialisation domains like marketing, service management, financial service management and retail management. Further, there are 6 course specialisations offered within the super specialisations.

This institute is known in the state for its updated curriculum, stellar faculty and modern pedagogical and infrastructural support features. The placement services at Jaipuria Institute of Management are efficient and offer extensive support to students ranging from professional grooming and training to actual job drives and campus placements where students can explore highly paid professional opportunities. 

Find further details about the PGDM course at Jaipuria Institute of Management below:

Degree Offered 

Post Graduate Diploma in Management (PGDM)

Accreditations 

NIRF Band 102-125 for Management Category (2024), AACSB, AICTE, NBA, AIU etc. 

City 

Indore 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CAT/CMAT/XAT/MAT/GMAT/ATMA

Super Specialisations 

  • Marketing Management
  • Service Management
  • Financial Services Management
  • Retail Management

Course Specialisations 

  • Marketing Management
  • Finance Management
  • Human Resource Management (HRM)
  • Operations Management
  • Business Analytics
  • Family Business & Entrepreneurship

Full Course Fees

INR 10,35,000

Average Placement Package 

INR 12,34,000 P.A. 

6) Mansarovar Global University

Established in 2017 under Madhya Pradesh Niji Vishwavidyalaya, Mansarovar Global University is a UGC-recognised higher educational institution in Bhopal. It is also a member of the AIU. The university offers students a full-time MBA program of 2 years that has been prepared to ensure its industry-relevance and offer a holistic management education to students. Currently, there are over 13 specialisations including the options for healthcare management, construction management, disaster management etc. While no entrance examinations are conducted for selection of candidates for the course, the university completes its admissions based on its minimum eligibility criteria. The full fee for the MBA program ranges between INR 1 lakh to INR 1.2 lakhs. Compared with the fee range, the university offers an excellent RoI to students in terms of placements, with average CTCs hiking up to INR 14 LPA. 

Find further details about the MBA course at Mansarovar Global University here: 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, AIU, BCI etc. 

City 

Bhopal 

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

Average Placement Package 

INR 14,00,000 P.A. 

7) Vidyasagar Institute of Management

Established in 1997 as a private management institute in Bhopal, Vidyasagar Institute of Management is an AICTE-approved centre for management studies. It offers a number of management programs, among them, the prominent being its 2-year AICTE-approved MBA. Students qualifying the CMAT examination can apply to this institute for admissions to the course. There are three available specialisations for the course--marketing management, finance management and human resource management (HRM).

The full fee for the program here is INR 86,200 which can be paid smoothly in pocket-friendly instalments or EMIs throughout the course. The placement services at VIM are efficient and robust allowing students to get placed at jobs with exemplary placement CTCs right after completing the course.

Further key details about the MBA program at VIM have been listed below:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

AICTE

City 

Bhopal 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CMAT

Course Specialisations 

  • Finance Management
  • Marketing Management
  • Human Resource Management (HRM) 

Full Course Fees

INR 86,200

Average Placement Package 

INR 8,50,000 P.A. (Approximate)

8) Prestige Institute of Management and Research (PIMR)

Prestige Institute of Management and Research was established in Indore in 1994 and is an A + + institution of higher education in Madhya Pradesh. The accreditations of the institute include those from UGC and AICTE. The MBA program at PIMR is also recognised by the AICTE and is offered in 9 specialisations including those like personnel administration, advertising and public relations, information systems management etc. in addition to the various mainstream options for specialisation as well. The full fee for the course at PIMR is INR 3.18 lakhs. It is a placement-integrated course, and students can benefit from a satisfactorily high ROI.

More essential details about the MBA program at PIMR have been provided below:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

NAAC A++, UGC, AICTE etc.

City 

Indore 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CMAT

Course Specialisations 

  • Financial Administration 
  • Marketing Management
  • International Business Management
  • Personnel Administration 
  • Advertising & Public Relations
  • Financial Management
  • Human Resource Management (HRM)
  • Information Systems Management
  • Productions and Operations Management

Full Course Fees

INR 3,18,000

Average Placement Package 

INR 5,00,000 P.A. 

9) Institute of Business Management & Research (IBMR), Indore

The Institute of Business Management and Research, more famously known as IBMR, was established in 1994 in Indore. It is affiliated to Devi Ahilya Vishwavidyalaya , Indore and is a prestigious and eminent HEI in MP. It is a NAAC-rated A++ institute and its MBA program has also been recognised by the AICTE as a valid and competent management course. It is currently being offered by the institute in 7 specialisation areas, namely, marketing, financial administration, HRM, international business, productions/operations, systems/IT and data analytics. The institute is well-known within the academic and professional circles as being infrastructurally well-developed in addition to having a stellar faculty. The placement services at IMT are also quite efficient in providing students with professional opportunities with satisfactory RoIs. 

Find further details about the MBA program at IBMR below:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

NAAC A++, AICTE, UGC etc.

City 

Indore 

Course Duration 

2 Years 

Accepted Entrance Examinations 

CMAT

Course Specialisations 

  • Marketing Management 
  • Financial Administration 
  • International Business (IB) Management
  • Human Resource Management (HRM) 
  • Productions/ Operations Management 
  • Systems/IT Management 
  • Data Analytics

Full Course Fees

INR 2,30,000

Average Placement Package 

INR 5,50,000 P.A. 

10) VIT Business School, Bhopal

VIT Bhopal was established in 2017 in the capital city of MP and is a part of the Vellore Institute of Technology, a prestigious higher educational group in MP. It has accreditations from UGC and ARIIA. The MBA  program offered by VIT Bhopal is approved by the AICTE and is currently being offered with seven choices for specialisations including finance, marketing, fintech, HRM, business analytics, entrepreneurship and retail management. The course fee for the program is INR 6.97 lakhs for two years. The placement services available at VIT Business School Bhopal are quite efficient and well-networked and offer students with the opportunity to get placed at job roles with lucrative pay packages. 

Find further details about the MBA program at VIT Bhopal here:

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, AICTE, ARIIA

City 

Bhopal 

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

Average Placement Package 

INR 6,57,000 P.A. 

City-Wise List of Top MBA Colleges in Madhya Pradesh

Some of the best cities to take up an MBA program in Madhya Pradesh include Bhopal, the capital of the state and cities like Gwalior, Indore and Jabalpur. The renowned MBA colleges in these cities have been enlisted below. 

1) Top MBA Colleges in Bhopal 

The capital of Madhya Pradesh, Bhopal is home to over (?) colleges offering an MBA or an equivalent program to students. The study facilities, industry connections and infrastructural facilities available to students pursuing an MBA in Bhopal are well-established and robust. 

MBA College/University

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

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

IES College of Technology, Bhopal

Master of Business Administration (MBA)

(Based on General Eligibility Criteria)

INR 1,30,000

Millenium Institute of Technology & Science (MITS), Bhopal

Master of Business Administration (MBA)

(Based on General Eligibility Criteria)

INR 74,000

2) Top MBA Colleges in Indore 

Indore, closely following Bhopal, is another one of the well-developed cities of MP that is home to a number of reputed and advanced higher educational institutions including management institutes. Enlisted below are some of the top MBA colleges in Indore. 

MBA College/University

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

Radiant Institute of Management & Science  (RIMS), Indore

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 1,38,000

Narsee Monjee Institute Of Management Studies (NMIMS), Indore 

Master of Business Administration (MBA)

NMAT

INR 15,00,000

Amity Global Business School, Indore (AGBS)

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 4,50,000

Institute of Management Studies, Devi Ahilya Vishwavidyalaya (IMS-DAVV), Indore

Master of Business Administration (MBA)

MP Counselling 

INR 1,61,940

3) Top MBA Colleges in Jabalpur

There are a number of colleges in Jabalpur that offer an MBA program to students. With nearly 21 established institutions offering an MBA program in the city, of which 2 are public and 19 are private sector establishments, the city can be a good choice for an institution for higher education in the management sector. A few of the renowned MBA colleges of Jabalpur have been enlisted below. 

MBA College/University

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

Xavier Institute of Development Action and Studies (XIDAS), Jabalpur

Post Graduate Diploma in Management (PGDM)

CAT / MAT / XAT / CMAT / ATMA

INR 5,13,000

Mangalayatan University, Jabalpur

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 1,80,000

Jawaharlal Nehru Krishi Vishwa Vidyalaya (JNKVV), Jabalpur

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 74,411

Shri Ram Institute of Management (SRIM), Jabalpur

Master of Business Administration (MBA)

MP Counselling 

INR 83,200

4) Top MBA Colleges in Gwalior 

Located in northern MP, Gwalior is a well established city and is home to nearly 50 institutions offering an MBA or equivalent course to students. Both public and private universities and colleges in Gwalior offer an MBA program to students, a few of which have been enlisted below.  

MBA College/University

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

Amity University, Gwalior

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 6,12,000

Indian Institute of Tourism and Travel Management (IITTM), Gwalior

Master of Business Administration (MBA)

CAT / MAT / XAT / CMAT /

ATMA / CUET-PG

INR 7,54,400

Malwa Institute of Management (MIM), Gwalior

Post Graduate Diploma in Management (PGDM)

CAT / MAT / XAT / ATMA

INR 3,29,000

Institute Technology & Management (ITM), Gwalior

Master of Business Administration (MBA)

– (Based on General Eligibility)

INR 1,55,000

RoI of MBA Colleges in Madhya Pradesh 

The selection of the right MBA college that effectively meets the educational needs of the aspirant can be a tough task. One of the guiding factors in this regard can be the Return on Investment or RoI of an MBA college which shows how efficient the placement services there are in terms of the average placement packages that students get placed at there. RoI of an MBA college is calculated as the ratio of the average placement CTC offered to a batch of MBA graduates through campus job drives to the total course fee for the MBA. 

In Madhya Pradesh the MBA colleges have quite robust facilities for placements and in turn offer appealing pay packages to students through the campus placements. The public universities and colleges for an MBA in Madhya Pradesh offer quite high RoIs to students as the financial investment required into the course in terms of the program fee are often very pocket-friendly while the placement services are quite extensive that offer students the opportunity to take up highly paid jobs right after graduation.

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

For an easy comparison of the RoI of the various top MBA colleges in Madhya Pradesh, we have listed the full course fee of each of the colleges along with the average placement packages that were offered there to MBA graduates based on the latest available statistics. 

College/Institute 

Full Course Fees

Average Placement Package 

Indian Institute of Management (IIM), Indore

INR 21,00,000

INR 25,00,000 P.A.

Atal Bihari Vajpayee Indian Institute of Information Technology and Management 

INR 3,59,250

INR 24,31,000 P.A. 

Indian Institute of Forest Management (IIFM), Bhopal

INR 4,68,000 to INR 7,80,000

INR 8,40,000 P.A. 

SAGE University

INR 1,20,000 to INR 3,56,000

INR 5,10,000 P.A. 

Jaipuria Institute of Management

INR 10,35,000

INR 12,34,000 P.A. 

Mansarovar Global University

INR 1,00,000 to INR 1,20,000

INR 14,00,000 P.A. 

Vidyasagar Institute of Management

INR 86,200

INR 8,50,000 P.A. (Approximate)

Prestige Institute of Management and Research

INR 3,18,000

INR 5,00,000 P.A. 

Institute of Business Management & Research (IBMR), Indore

INR 2,30,000

INR 5,50,000 P.A. 

VIT Business School, Bhopal

INR 6,97,000

INR 6,57,000 P.A. 

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Top Recruiters of MBA Colleges in Madhya Pradesh

Madhya Pradesh, being placed in the central part of the nation, is well-connected to the other parts of the country, allowing for the HEIs and colleges with MBA programs to form extensive industrial networks spanning across various states and industrial networks. This allows the colleges to partner with top companies, corporate firms, MNCs and in some cases, PSUs to offer lucrative job offers to students through campus placements. 

The distinguished recruiting partners of the top 10 MBA colleges of MP have been mentioned here:

College/Institute/University  

Top Recruiting Partners 

Indian Institute of Management (IIM), Indore

  • KPMG
  • Boston Consulting Group (BCG)
  • Deloitte 
  • Barclays 
  • Morgan Stanley 
  • Goldman Sachs 
  • Capgemini 
  • Axis Bank 
  • Aditya Birla Group 
  • Marico 
  • Amazon 
  • IBM 
  • Reliance Industries Ltd.

Atal Bihari Vajpayee Indian Institute of Information Technology and Management 

  • Google 
  • Microsoft
  • Samsung 
  • Atlassian 
  • Cred 
  • Xiami 
  • Pwc 
  • Accenture
  • Capgemini 
  • Tata Consultancy Services (TCS)
  • Dell 
  • HCL 
  • Infosys etc. 

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. 

SAGE University

  • NSE 
  • Star Electricals 
  • State Bank of India (SBI)
  • Somotrix.io 
  • Finance Peer 
  • Sunstone Eduversity 
  • Apollo Sage Hospitals etc. 

Jaipuria Institute of Management

  • Deloitte
  • ICICI Bank 
  • PWC
  • HDFC Bank 
  • Piramal Group of Companies
  • HCL
  • State Bank of India (SBI) 
  • Polycab
  • Birla White
  • Reliance etc. 

Mansarovar Global University

  • Samsung
  • Dainik Jagran
  • Honda 
  • Apollo Tyres
  • Cryoviva etc

Vidyasagar Institute of Management

  • Tata 
  • Boat 
  • Sugar etc.

Prestige Institute of Management and Research

  • Nestle India
  • Deloitte
  • ICICI Bank 
  • Asian Paints Ltd.
  • Tata Consultancy Services (TCS)
  • Axis Bank
  • Piramal Group
  • Tata Power
  • Aditya Birla Grasim Industries Ltd.
  • Bajaj Housing Finance etc.

Institute of Business Management & Research (IBMR), Indore

  • Accenture
  • Aditya Birla Housing Finance Limited
  • Asian Paints
  • Berger Paints 
  • Byju's
  • DTDC Express
  • HDFC Bank
  • ICICI Bank
  • IDFC Bank 
  • MRF Tyres
  • Bajaj Housing Finance Limited
  • Tata AIG etc.

VIT Business School, Bhopal

  • Cisco 
  • Adobe 
  • VISA
  • IBM 
  • Intel 
  • Microsoft 
  • PWC 
  • Ernst & Young 
  • TVS
  • Sapiens 
  • Citi
  • Havells etc.

Online MBA Colleges in India

Online MBA courses are full-time MBA degree programs that are being offered by a number of renowned universities and institutes across India in the online learning (OL) mode which makes use of a number of ICT tools and virtual learning pedagogies to offer academic and other services to students. An online MBA program allows a student to not only take up an MBA from anywhere across the nation without the hassle of restricted options or relocation, but also gives equally efficient services along with the degree, such as placements. 

Given below are a few of the top institutions of India that are offering a well-accredited and duly approved online MBA program to management aspirants. When duly approved, an online MBA program carries the same credibility and validity as an offline, regular MBA. 

University 

Location 

Course 

Mode 

Online Manipal 

Jaipur 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Datta Meghe Online

Nagpur

Master of Business Administration (MBA)

Online Learning Mode (OL) 

SASTRA University Online 

Thanjavur 

Master of Business Administration (MBA)

Online Learning (OL) Mode 

Great Lakes Institute of Management 

Chennai 

Post Graduate Diploma in Management (PGDM)

Online Learning Mode (OL)

Dr. D. Y. Patil Vidyapeeth Online

Pune 

Master of Business Administration (MBA)

Online Learning Mode (OL)

ICFAI Online 

Hyderabad (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 

Hindustan University CODE

Chennai 

Master of Business Administration (MBA) 

Online Learning Mode (OL)

SRM College of Management-SRM University Chennai

Chennai 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Bharathidasan University 

Tiruchirappalli 

Master of Business Administration (MBA)

Online Learning Mode (OL)

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 

Thus, Madhya Pradesh is home to over 260 MBA institutions with nearly 30 public sector institutions and 230 private institutions. The learning facilities, faculty profile, student and academic services etc. in these colleges are comprehensive, allowing students to have a multifaceted and holistic experience of learning. MBA education in MP is within an affordable range, with public management institutions offering the course at a more pocket-friendly fee range. Placements in MP for MBA graduates are also highly paying.

FAQs (Frequently Asked Questions)

The most highly ranked institution for an MBA in Madhya Pradesh is the Indian Institute of Management (IIM) Indore, which offers an Post Graduate Program in Management (PGPM) equivalent to an MBA program. It has been ranked as the nation’s eighth-best management institution by the NIRF (2024).

IIM Indore is the best public college for a PGPM course (an equivalent of an MBA) in MP and has been ranked as the country’s 8th best management institution by NIRF in 2024.

The average fee for an MBA from MP ranges between INR 5 lakhs to INR 8 lakhs for two years. 

Yes, MBA placements in colleges in MP, especially government colleges and institutes can be quite lucrative, with CTCs starting from INR 5 LPA and hiking up to INR 25 LPA as per the institution.

Yes, Madhya Pradesh is a well-developed state for management education, with nearly 260 institutions offering an MBA program, which gives students a diverse number of college options to select from. Additionally, the placement services in MP are also quite efficient at providing access to fairly compensated job options to students.

IIM Indore is the best college for placements in MP based upon recent statistics, as it offers an average CTC to students of nearly INR 25 LPA, which is one of the highest in the states.

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By College Vidya Team

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