Top 20 MBA Colleges in Madhya Pradesh (Rank-Wise 2027 List)
Compare MBA colleges in Madhya Pradesh by CMAT cutoffs, dual specializations, verified tuition fees, and campus placements. Build a realistic shortlist before online counselling.
MBA Admission & Entrance Exams in Madhya Pradesh
MBA admissions in Madhya Pradesh accept CMAT, CAT, MAT, or state counselling scores. Many private universities and autonomous business schools also offer direct merit admission based on graduation percentage.
University MBA Departments vs Autonomous PGDM Institutes
State university affiliated departments offer affordable fees and recognized degrees, while autonomous AICTE-approved PGDM institutes focus on industry-oriented dual specializations, corporate internships, and executive grooming.
Popular MBA Specializations: Marketing, Finance & Analytics
Dual specializations combining Marketing with Business Analytics or Finance with FinTech offer the strongest placement demand, equipping graduates for analyst, banking, consultancy, and business development roles.
MBA Fees & Return on Investment (ROI) in Madhya Pradesh
Tuition fees range from ₹60,000 to ₹1.8L per year in state-affiliated colleges, and ₹2.5L to ₹6L in private universities. Compare average placement packages against total degree costs to ensure positive ROI.
Placement Trends & Corporate Recruiter Profiles
Top MBA recruiters include private banks, FMCG distributors, IT consultants, and logistics firms. Average campus packages range between ₹4 LPA and ₹8 LPA, with top corporate performers securing ₹10–₹15+ LPA.
Top 20 MBA Colleges in Madhya Pradesh (Rank-Wise 2027 List)
| Rank | College & Campus | Agency & Score | Accepted Exam | Annual Tuition Fee | Placements (Avg / Max) | Action |
|---|---|---|---|---|---|---|
| #1 | Indian Institute of Management Indore (IIM Indore) Indore, Madhya Pradesh · Central Govt Autonomous (INI) · Triple Crown Accredited (AACSB, AMBA, EQUIS), NIRF #8 Management | NIRF #8 (Score: 71.95) India Today #6 · The Week #7 | CAT, IPMAT (5-Yr Integrated) | ₹10,50,000 / yr | Avg: ₹25.68 LPA Max: ₹1.00 Cr | Check Eligibility |
| #2 | Indian Institute of Forest Management (IIFM Bhopal) Bhopal, Madhya Pradesh · Central Govt Autonomous (MoEFCC) · AICTE Approved, 100% Placement Record Since Inception | NIRF #72 (Score: 48.6) India Today #28 · The Week #31 | CAT, XAT, CMAT | ₹5,40,000 / yr | Avg: ₹10.58 LPA Max: ₹20.5 LPA | Check Eligibility |
| #3 | Institute of Management Studies, Devi Ahilya Vishwavidyalaya (IMS DAVV) Indore, Madhya Pradesh · State Govt University Dept · NAAC A+ State University, Top ROI Govt MBA in MP | NIRF # (Score: 46.8) India Today #39 · The Week #42 | CUET PG, CMAT, MP DTE Counselling | ₹68,000 / yr (Best ROI in MP) | Avg: ₹7.80 LPA Max: ₹19.6 LPA | Check Eligibility |
| #4 | Jaipuria Institute of Management, Indore Indore, Madhya Pradesh · Private Autonomous (PGDM) · NBA Accredited, AACSB Member, AIU Equivalent to MBA | NIRF #99 (Score: 43.2) India Today #48 · The Week #46 | CAT, CMAT, MAT, XAT | ₹4,37,500 / yr | Avg: ₹9.05 LPA Max: ₹22.4 LPA | Check Eligibility |
| #5 | Prestige Institute of Management and Research (PIMR Indore) Indore, Madhya Pradesh · Private Autonomous (DAVV Affiliated) · NAAC A++, UGC Autonomous, #1 Private MBA in Indore | NIRF # (Score: 42.1) India Today #52 · The Week #50 | CMAT, MP DTE MBA Counselling, Graduation Merit (CLC) | ₹1,32,000 / yr | Avg: ₹6.80 LPA Max: ₹18.5 LPA | Check Eligibility |
| #6 | ABV-IIITM Gwalior - Department of Management Studies Gwalior, Madhya Pradesh · Central Govt (INI) · Institute of National Importance, Tech & Operations MBA Leader | NIRF #88 (Score: 44.1) India Today #45 · The Week #47 | CAT, CMAT | ₹1,65,000 / yr | Avg: ₹8.50 LPA Max: ₹24.0 LPA | Check Eligibility |
| #7 | MANIT Bhopal - Department of Management Studies Bhopal, Madhya Pradesh · Central Govt (NIT) · NIT Bhopal Official MBA Dept, High ROI Central Govt Degree | NIRF # (Score: 41.5) India Today #55 · The Week #56 | CAT, CMAT, MAT | ₹85,000 / yr | Avg: ₹7.20 LPA Max: ₹16.5 LPA | Check Eligibility |
| #8 | International Institute of Professional Studies (IIPS DAVV Indore) Indore, Madhya Pradesh · State Govt University Dept · AICTE Approved, NAAC A+ DAVV Campus | NIRF # (Score: 40.9) India Today #58 · The Week #60 | CUET PG, CUET UG (5-Yr Integrated MBA) | ₹72,000 / yr | Avg: ₹6.90 LPA Max: ₹18.0 LPA | Check Eligibility |
| #9 | Jagran Lakecity Business School (JLU Bhopal) Bhopal, Madhya Pradesh · Private University · QS I-GAUGE Diamond Rated, CIMA & ACCA UK Integrated Tracks | NIRF # (Score: 39.4) India Today #64 · The Week #63 | CAT, CMAT, MAT, JLUET / Graduation Merit | ₹1,85,000 / yr | Avg: ₹6.20 LPA Max: ₹16.0 LPA | Check Eligibility |
| #10 | LNCT University / LNCT Group MBA (Bhopal) Bhopal, Madhya Pradesh · Private (Barkatullah / LNCT Univ) · AICTE Approved, Shared Central LNCT Placement Cell | NIRF # (Score: 38.9) India Today #68 · The Week #69 | CMAT, MP DTE Counselling, Direct Graduation Merit (50%+) | ₹75,000 / yr (AFRC Regulated) | Avg: ₹5.60 LPA Max: ₹15.2 LPA | Check Eligibility |
| #11 | Acropolis Faculty of Management and Research (AFMR Indore) Indore, Madhya Pradesh · Private (DAVV Affiliated) · NAAC Accredited, Top Corporate Tie-Ups in Indore | NIRF # (Score: 38.4) India Today #72 · The Week #74 | CMAT, MP DTE Counselling, CLC Direct | ₹82,000 / yr | Avg: ₹5.50 LPA Max: ₹14.8 LPA | Check Eligibility |
| #12 | IPS Academy - Institute of Business Management & Research (IBMR Indore) Indore, Madhya Pradesh · Private Autonomous (DAVV Affiliated) · UGC Autonomous, AICTE Approved | NIRF # (Score: 37.9) India Today #75 · The Week #77 | CMAT, MP DTE Counselling, Graduation Merit | ₹95,000 / yr | Avg: ₹5.40 LPA Max: ₹14.5 LPA | Check Eligibility |
| #13 | Medi-Caps University - Faculty of Management Studies (Indore) Indore, Madhya Pradesh · Private University · UGC Approved Private University, 150+ Campus Recruiters | NIRF # (Score: 37.4) India Today #79 · The Week #81 | CMAT, CAT, Graduation Merit (50%+) | ₹1,15,000 / yr | Avg: ₹5.30 LPA Max: ₹16.0 LPA | Check Eligibility |
| #14 | Bhopal School of Social Sciences (BSSS Bhopal - MBA Autonomous) Bhopal, Madhya Pradesh · Private Autonomous (Barkatullah Univ) · NAAC A+, UGC Autonomous Heritage Campus | NIRF # (Score: 37) India Today #82 · The Week #84 | CMAT, MP DTE Counselling, Graduation Merit | ₹88,000 / yr | Avg: ₹5.10 LPA Max: ₹13.5 LPA | Check Eligibility |
| #15 | Oriental College of Management (OCM Bhopal) Bhopal, Madhya Pradesh · Private (Barkatullah Univ Affiliated) · AICTE Approved, Oriental Group Central Placement Cell | NIRF # (Score: 36.5) India Today #86 · The Week #88 | CMAT, MP DTE Counselling, CLC Direct | ₹68,000 / yr (AFRC Regulated) | Avg: ₹4.90 LPA Max: ₹12.8 LPA | Check Eligibility |
| #16 | Sagar Institute of Research & Technology - Management (SIRT / SISTec MBA Bhopal) Bhopal, Madhya Pradesh · Private (Barkatullah Univ Affiliated) · NAAC Accredited, High ROI Affordable Bhopal MBA | NIRF # (Score: 36.1) India Today #90 · The Week #91 | MP DTE Counselling, Graduation Merit (CLC) | ₹62,000 / yr | Avg: ₹4.80 LPA Max: ₹12.0 LPA | Check Eligibility |
| #17 | Prestige Institute of Management & Research, Gwalior (PIMG) Gwalior, Madhya Pradesh · Private Autonomous (Jiwaji Univ) · NAAC A, UGC Autonomous, #1 Private MBA in Gwalior | NIRF # (Score: 35.8) India Today #92 · The Week #93 | CMAT, MP DTE Counselling, CLC Direct | ₹78,000 / yr | Avg: ₹5.00 LPA Max: ₹14.0 LPA | Check Eligibility |
| #18 | SAGE University Indore - Institute of Management Studies Indore, Madhya Pradesh · Private University · AICTE & UGC Approved, Industry Specialization Tracks | NIRF # (Score: 35.3) India Today #95 · The Week #96 | SEE Entrance, CMAT, Direct Graduation Merit | ₹90,000 / yr | Avg: ₹4.80 LPA Max: ₹13.5 LPA | Check Eligibility |
| #19 | Technocrats Institute of Technology - MBA (TIT Bhopal) Bhopal, Madhya Pradesh · Private (Barkatullah Univ Affiliated) · AICTE Approved, Large Corporate Recruitment Drives | NIRF # (Score: 34.8) India Today #99 · The Week #100 | MP DTE Counselling, Direct CLC (Graduation 50%+) | ₹64,000 / yr | Avg: ₹4.70 LPA Max: ₹12.5 LPA | Check Eligibility |
| #20 | peoples University / People’s Institute of Management & Research (Bhopal) Bhopal, Madhya Pradesh · Private University · NAAC Accredited University, Hospital & Healthcare MBA Track | NIRF # (Score: 34.2) India Today #103 · The Week #104 | CMAT, Direct Graduation Merit | ₹70,000 / yr | Avg: ₹4.50 LPA Max: ₹11.0 LPA | Check Eligibility |
Frequently Asked Questions
Is CMAT compulsory for MBA admission in Madhya Pradesh?
CMAT scores receive priority in Round 1 of MP DTE counselling, but Round 2 and college spot rounds admit students based on bachelor degree marks (minimum 50% for General, 45% for reserved).
Can I get direct MBA admission in MP without entrance exam scores?
Yes. Eligible students can apply under management quota or vacant seats based on their graduation aggregate after completing state online registration.
Which MBA specializations offer the highest placement demand in MP?
Dual specializations in Marketing, Finance, Business Analytics, and Human Resource Management (HR) see the strongest hiring across private banks, FMCG firms, and IT consultancies.
What is the average MBA fee and package in Bhopal and Indore?
Tuition fees range from ₹60,000 to ₹1.8L per year in affiliated colleges, and ₹2.5L to ₹6L in private universities. Average campus packages range between ₹4 LPA and ₹8 LPA.
What is the difference between an MBA and a PGDM programme?
An MBA is a formal university master degree (affiliated with DAVV or RGPV), while a PGDM is an industry-focused diploma awarded by AICTE-approved autonomous business schools.
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