Important Facts
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.
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 |
|
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 |
There are three main phases through which a candidate must qualify to enrol in a regular MBA program which include:
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:
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:
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.
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 |
|
Full Course Fees |
INR 21,00,000 |
Average Placement Package |
INR 25,00,000 P.A. |
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 |
|
Full Course Fees |
INR 3,59,250 |
Average Placement Package |
INR 24,31,000 P.A. |
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 |
|
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 |
|
Full Course Fees |
INR 4,68,000 to INR 7,80,000 |
Average Placement Package |
INR 8,40,000 P.A. |
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 |
|
Full Course Fees |
INR 1,20,000 to INR 3,56,000 |
Average Placement Package |
INR 5,10,000 P.A. |
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 |
|
Course Specialisations |
|
Full Course Fees |
INR 10,35,000 |
Average Placement Package |
INR 12,34,000 P.A. |
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 |
|
Full Course Fees |
INR 1,00,000 to INR 1,20,000 |
Average Placement Package |
INR 14,00,000 P.A. |
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 |
|
Full Course Fees |
INR 86,200 |
Average Placement Package |
INR 8,50,000 P.A. (Approximate) |
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 |
|
Full Course Fees |
INR 3,18,000 |
Average Placement Package |
INR 5,00,000 P.A. |
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 |
|
Full Course Fees |
INR 2,30,000 |
Average Placement Package |
INR 5,50,000 P.A. |
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 |
|
Full Course Fees |
INR 6,97,000 |
Average Placement Package |
INR 6,57,000 P.A. |
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.
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 |
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 |
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 |
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 |
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. |
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 |
|
Atal Bihari Vajpayee Indian Institute of Information Technology and Management |
|
Indian Institute of Forest Management (IIFM), Bhopal |
|
SAGE University |
|
Jaipuria Institute of Management |
|
Mansarovar Global University |
|
Vidyasagar Institute of Management |
|
Prestige Institute of Management and Research |
|
Institute of Business Management & Research (IBMR), Indore |
|
VIT Business School, Bhopal |
|
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) |
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.
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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