With so many career options now available, it gets really tough to pick the right course. While some courses promise job guarantees and are easy on your budget, others might put you off because of their demanding and expensive nature, but the returns are equally high. One such demanding course is Master of Business Administration (MBA). Although the course requires huge investments, the returns on this investment are highly rewarding with both professional and personal benefits.
- Higher salaries
- Better communication and increased confidence
- Greater job security
- Transferable skills
- Amazing business knowledge
- Specialisations
- Leadership skills
This is not an exhaustive list. The benefits of doing an MBA from best MBA colleges go way beyond this list. No matter what field you belong to, technology, marketing, finance, manufacturing or others, you could still opt for an MBA and see how it opens up better career aspects and helps in your career advancement.
Why choose Indore as an MBA destination?
While metropolitan cities have been the choices of students and job hunters in India for a long time, the times are changing now. With the increasing competition, traffic, pollution, and other such factors, professionals and students are now moving towards cities that are as famous. And one such city is Indore. Indore is a new educational hub, and one of the fastest growing cities of Madhya Pradesh. It is still in the stage of development, and therefore a great place to settle. The cost of living is comparatively low in Indore, and the city is very well connected with public transport. It is the only city in India to have both IIT and IIM. Apart from the top MBA colleges, there are many other colleges and university that students opt for, for their higher education. An area called Pithampur is home for IT companies like TCS, Infosys, automobile companies, and others.
Check out the list of MBA Colleges in Indore
Rank 1 | Top 10 MBA colleges in Indore
Indian Institute of Management, Indore
The Department of Higher Education, Government of India, and the Ministry of Human Resource Development established the Indian Institute of Management, in the year 1996. The indore branch was the 6th addition to the list of prestigious MBA Colleges in India. The college aims at delivering high-class management and business education, and is recognised as one of the premier management institutions in India, and abroad.
Course Name- Entrance and Eligibility
The Post Graduate Programmes in IIM is accredited by the Association of MBAs, AMBA London. The college offers the Post-graduate Programme in Management and Human Resource Management (PGP and PGP-HRM), Executive Post Graduate Programme in Management, and Five Year Integrated Programme in Management (IPM).
Placements at IIM, Indore
IIIM offers Summer Internship Programmes and Final Placements to the PGP students. The year 2018 had the largest batch of 624 students, of which students bagged average salaries of Rs.18.17 lakhs. The highest salary offered was Rs.33.04 lakhs. Major companies like Axis Bank, HDFC Bank, HSBC, Deloitte USI, PepsiCo, TimesOOH, Mahindra & Mahindra, L’Oreal, and 200 others offered placements to the students of IIM.
Differential Factor
IIM Indore is the 6th college in the group of state-supported B-schools. IIM Indore is the first college among other IIM’s to offer PG programmes outside India (UAE); however, this lasted only for a year. Also, IIM Indore is the only IIM to be present in Mumbai, and it offers the two-year full-time PGP programme there.
In 2018, National Institutional Ranking Framework (NIRF) ranked IIMI on the 11th position among other management schools in India, and grabbed the ninth place on the list of “India’s best B-schools 2016,” by Business Today.
Contact Details
- Address: Indian Institute of Management, Prabandh Shikhar, Rau-Pithampur Road, Indore – 453556, Madhya Pradesh, India
- Phone- +91-731-2439666
- Email- iiochair@iimidr.ac.in
- Website- https://www.iimidr.ac.in
Rank 2 | Top 10 MBA colleges in Indore
Prestige Institute of Management and Research, Indore
Prestige Institute of Management and Research, Indore was founded in the year 1994. The college is ISO 9001:2008 certified, and has been rated ‘A’ by NAAC in the years 2009 and 2014. Recognising the high standards of performance of the college, UGC and Devi Ahilya Vishwavidyalaya has conferred the college autonomous.
Course Name- Entrance and Eligibility
PIMR, Indore offers full-time MBA courses in fields of Marketing Management, International Business, Financial Administration, and Personnel Administration. The total duration of this course is 24 months, divided into four semesters. Any candidate willing to join the course should have the Bachelors degree and write the CMAT entrance exam. The college also offers part-time MBA, whose course duration is three years (6 semesters).
Placements at PIMR
The Placements Cell at PIMR works hard in helping students secure jobs, and follows the one student one job policy. They offer Summer Internship and Final Placements to students from all courses. The college holds an outstanding record of placements. Some of the companies that provide placements to students of PIMR are Reckitt Benckiser, ITC Limited, Nestle, Coca-Cola, Johnson & Johnson, Procter & Gamble, Asian Paints, etc.
Differential Factor
Prestige Institute of Management and Research is one of the Top MBA Colleges in Indore for many reasons. The college has collaborations with a number of renowned universities of the world like SIAM University Thailand, International Latin University of Argentina, etc. The college also teaches many foreign languages like Chinese, German, French, etc. to help their students get ready for international exposure. The institute is taking every step necessary to prepare its students for the competitive world.
Contact Details
- Address: Prestige Institute of Management and Research, 2, Education & Health Sector Scheme 54, Indore, India
- Phone- 0731 4012222, 2557510, 2554274, 2571504
- Email- director@pimrindore.ac.in, pimr_pg@pimrindore.ac.in
- Website- http://www.pimrindore.ac.in
Rank 3 | Top 10 MBA colleges in Indore
Devi Ahilya Vishwavidyalaya, Indore
Formerly known as the University of Indore, Devi Ahilya Vishwavidyalaya was established in the year 1964, by an Act of Legislature of Madhya Pradesh. Starting with a few departments in 1964, this University now has 27 teaching departments offering UG, PG, and research programmes in different faculties. The University has two campuses named Nalanda Campus and Takshshila Campus.
Course Name- Entrance and Eligibility
The University offers two years full-time MBA courses in its affiliated colleges in the fields of MBA- Computer Management, Rural Development, and Public Administration & Policy. School of Computer Science & Information Technology (SCSIT) and School of Social Sciences (SOSS) respectively, are the colleges offering these courses. The eligibility criteria for admission in these MBA courses is an undergraduate degree with minimum 50% marks.
Placements at Devi Ahilya Vishwavidyalaya
The University has a Career Counselling and Opportunities Cell that is headed by Dr Preeti Singh. This cell is dedicated towards career counselling of students, depending on their fields of studies, their interests, and career preferences. The cell organises communication and personality grooming sessions, Students Enrichment Programmes, and such other sessions to prepare students for the corporate world.
Differential Factor
The University’s jurisdiction was initially restricted to Indore but was later extended to seven tribal dominated districts namely Jhabua, Burhanpur, Dhar, Khargone, Alirajpur, Khandwa, and Barwani. This is how the university is catering to the educational needs of these backward cities, along with serving Indore, the industrially developed city of MP. The University, to carry out its teaching process effectively, has 270 affiliated colleges and 33 teaching departments.
Contact Details
- Address: Devi Ahilya Vishwavidyalaya, Nalanda Campus, R. N. T. Marg, Indore (M.P.), India Pin- 452 001
- Phone: +91-731-2527532
- E-mail: registrar.davv@dauniv.ac.in
- Website- http://www.dauniv.ac.in
Rank 4 | Top 10 MBA colleges in Indore
International Institute Of Professional Studies, Indore
The International Institute of Professional Studies is an eminent college of graduation and post graduation in Indore and is recognised by AICTE. The college is a part of Devi Ahilya Vishwavidyalaya and was established in the year 1992. IIPS was ranked 24th in the Business Standard Survey of best B-schools of India.
Course Name- Entrance and Eligibility
IIPS offers various post graduation programmes. Among them, the college provides four specialisations with varying course durations. These programmes are MBA (MS) whose duration is five years, and MBA in APR, TS, and MS, all of which are two years courses. All the course information including syllabus is available on the college’s website.
Placements at IIPS
The college offers on-campus placements and has a dedicated cell working towards providing the best experience to the students and the companies coming for campus selections. Various companies like L&T, Naukri.com, Deloitte, Axis Bank, Bharti Airtel, S&P Capital IQ, Hathway, etc. come to the college to offer jobs to their students from the MBA courses.
Differential Factor
IIPS, with its excellent content quality, scope, and professionalism, has emerged as one of the top MBA colleges in Central India. The college offers a set of MBA specialities that are unique and different from the usual like MBA in Tourism (Recognized by AICTE, TAAI, and ITAO), MBA (MS) that offers 4 electives namely Marketing, HR, Finance, and Systems (minor), MBA in Advertising, and MBA (MS- 5 years) that includes both BBA and MBA.
Contact Details
- Address: International Institute of Professional Studies, Takshila Campus, Khandwa Road, Indore, Madhya Pradesh 452001
- Phone- +91 7312461888
- Email- admin@iips.edu.in
- Website- http://www.iips.edu.in
Rank 5 | Top 10 MBA colleges in Indore
Indore Professional Studies Academy (IBMR, IPSA)
Indore Professional Studies Academy (IPSA) is one of Central India’s largest educational academies and was established in the year 1994. The college is spread across in an area of 60 acres and has three campuses. IPSA has 16 colleges which offer around 71 different courses. Also, the college is affiliated to Devi Ahilya Vishwavidyalaya.
Course Name- Entrance and Eligibility
Institute of Business Management and Research, IPS Academy, offers post graduation courses in Business management. The MBA courses offered by the college are- MBA (Core) with specializations in Marketing, Finance, Systems, Operations and Human Resource, out of which any two can be selected, MBA (International Business), MBA (Business Economics), MBA (Tourism Management), and MBA (Working Executive). The eligibility criteria for these courses are the undergraduate degree with a minimum of 50% marks.
Placements at IPSA
Career Management Cell (CMG), IPSA is headed by Rajeev Shukla, Director Career Management Group, was started to train students to be ready for the corporate and professional world and to give them a glimpse of what opportunities awaits them. They prepare students for campus placements. Some of the recruiting companies are Amazon, Asian Paints, Bajaj Finserv, Berger, Blue Dart, Everest, HDFC Bank, IBM, Pidilite, Just Dial, etc.
Differential Factor
IPSA is NAAC Accredited and ISO: 9001-2008 certified college. Institute of Business Management and Research, IPS Academy, was ranked 2nd after IIM, in Indore by the All India Management Association. Furthermore, IBMR, IPSA was rated A by the Business India Survey. Due to many such achievements, IPSA has been included in the list of top MBA colleges in Indore.
Contact Details
- Address: Institute of Business Management & Research, IPS Academy, Knowledge Village, Rajendra Nagar A.B. Road, Indore-452012.
- Phone- +0731-4014776
- Email- office.ibmr@ipsacademy.org
- Website- http://ibmr.ipsacademy.org/ and http://ipsacademy.org/
Rank 6 | Top 10 MBA colleges in Indore
CH Institute of Management & Commerce
CHIMC is another excellent business school to make to the list of top MBA colleges. The college is an ISO 9001:2008 certified. A survey concluded by Business India, of top B-schools in India, upgraded the rank of CHIMC to A+, considering overall performance in parameters like curriculum, placements, infrastructure, faculty strength, and others.
Course Name- Entrance and Eligibility
The college offers two-year full-time MBA in the fields of Finance, Information technology, Marketing, and Human Resource Management. To be able to apply for these courses, the candidate needs to be an undergrad with at least 50% marks, and clear the entrance exam of MPMET and GD PI.
Placements at CHIMC
CHIMC’s Career Development and Placement cell is working hard towards training the students to get ready for the placements, through resume creation and skills development. The Cell serves as the base for the smooth conduct of campus placements. The recruiters that offer jobs to the students of CHIMC are Infosys, Airtel, ICICI Bank, Collbera, Cipla, Asian Paints, Ranbaxy, etc.
Differential Factor
CHIMC is one of the youngest colleges to secure a number of ranks and positions like 66th position in the national B-school Survey among 3900 other colleges and is among the top MBA colleges in Indore, along with IIM.
Contact Details
- Address: CH Institute of Management and Commerce, Baroli, Ujjain Road, Indore (M.P)
- Phone- 9644511142
- Email- directorchimc@gmail.com
- Website- http://chimc.in
Rank 7 | Top 10 MBA colleges in Indore
Jaipuria Institute of Management, Indore
Business group House of Jaipuria came into existence in 1942, and the first Jaipuria Institute of Management, Lucknow was opened in the year 1995. The Institue has tie-ups with many International Universities namely University of Applied Sciences, ILLINOIS, Heig-VD, Carleton University, Regenesys Business School, etc.
Course Name- Entrance and Eligibility
The college offers two years full-time PGDM course. This course is divided into six semesters following a trimester system. The entire programme comprises of 35 courses, 23 core courses, and 12 elective courses. Also, students can earn dual specialisations by opting for two elective courses. The choices for specialities are Finance, Marketing, IT, HRM, and International Business. The eligibility criteria to apply for this course is an undergraduate degree with minimum 50% marks and clear any of the following entrance exams: CAT, MAT, XAT, CMAT, ATMA.
Placements at Jaipuria Institute
The PGDM course of Jaipuria Institute trains students to be corporate ready through the 180 hours of placement training throughout the course, followed by Summer Internships and Final Placements. The companies that come for campus placements are Deloitte, Amazon, Phillips, Mahindra, Colgate-Palmolive, Aditya Birla Group, Godrej HDFC Bank, among others.
Differential Factor
Jaipuria Institute of Management is one of the largest chains of MBA colleges in the north and central India to offer AICTE approved PGDM courses. The college has its branches in Lucknow, Noida, Jaipur, and Indore. Also, the college has been accredited by an A-grade by NAAC. For various such reasons, Jaipuria Institute is one among the top MBA colleges in India.
Contact Details
- Address: Jaipuria Institute of Management, Dakachaya, Indore Dewas Highway, Near Shipra Naka, Indore – 453 771
- Phone- +91 7313069300, 3069309, +91 97525 93334, 97525 93337
- Email- indore@jaipuria.ac.in
- Website- https://www.jaipuria.ac.in
Rank 8 | Top 10 MBA colleges in Indore
Shri GS Institute of Technology and Science, Indore
Founded in the year 1952, Shri Govindram Seksaria Institute of Technology and Science, Indore is one of the leading MBA colleges in Madhya Pradesh. The college has been declared autonomous by AICTE and UGC and is affiliated to Rajiv Gandhi Prodyogiki Vishwavidhyalaya (university of technology of M.P.) Bhopal. The institute currently offers around ten undergraduate courses and 17 postgraduate courses.
Course Name- Entrance and Eligibility
The college began its department of Management Studies in the year 2012. The MBA course offered by the college is a two years full-time course with specialisations in the fields of Marketing Management, Financial Management, Human Resource Management, and Operations Management. He students have to appear for the CMAT entrance exam conducted by AICTE to be eligible for this course.
Placements at SGSITS
The college has set up the Training and Placement Cell to help and train students for campus placements. Cell works efficiently towards providing the visiting companies best services, and platform to interact with and recruit the students. The companies offering jobs are Aditya Birla Group, Axis Bank, Birla Financial Distribution Pvt Ltd, Capgemini India Private Ltd, Honda Cars India Ltd, Oracle Finance Services Ltd, etc.
Differential Factor
Shri Govindram Seksaria Institute of Technology and Science have been ranked among the top 40 colleges on a national level by independent bodies. The college offers both full time and part time UG and PG courses.
Contact Details
- Address: Shri Govindram Seksaria Institute of Technology and Science, 23 Sir M. Visvesvaraya Marg, Indore, Madhya Pradesh 452003
- Phone- +91 – 731 – 2582100
- Email- director@sgsits.ac.in
- Website- http://www.sgsits.ac.in
Rank 9 | Top 10 MBA colleges in Indore
Oriental University, Indore
The Oriental Group is a premier educational group of Central India. The Group has conferred the university status in the year 2011 under section 2f of UGC, 1956 Act, after having established nine professional colleges. This University is the first self-funded private university in Indore, Madhya Pradesh.
Course Name- Entrance and Eligibility
The University offers full-time two years MBA in Media Management and MBA (Core) with dual specialisations in Marketing, Finance, Human Resource, Information Technology, and Operations. The eligibility criteria for these courses are minimum 50% marks in the undergraduate degree.
Placements at OU
The Oriental University has been known for its placement records from the time of its inception. The Training and Placement Office of the university is dedicated to training and preparing the students in the overall development of soft skills, analytical skills, performance, etc. The University also has a compulsory internship programme at the end of the last semester to prepare students for their careers.
Differential Factor
The University campus is spread over 100 acres of land on the Indore-Ujjain highway, which is close to the international airport and the railway station. The University is among the top MBA colleges in Indore for reasons like advanced courses offered at affordable prices, guaranteed placements, and an unparalleled experience of teaching with the high-profile faculties.
Contact Details
- Address: Oriental University, Jakhiya, Opp. Rewati Range, Gate No. 1, Sanwer Road, Indore
- Phone- +91 99930 99997
- Email- info@orientaluniversity.in
- Website- https://oui.edu.in
Rank 10 | Top 10 MBA colleges in Indore
Malwa Institute of Technology, Indore
Founded in the year 2004, Malwa Institute of Technology is governed by Indus Global Educational & Welfare Society. The Welfare society was founded by a group of industrialists and educationalists who wanted to set up educational centres throughout the country. MIT, Indore currently offers Undergraduate Courses, Post Graduate courses, and Diploma Courses.
Course Name- Entrance and Eligibility
MIT, Indore offers MBA courses of 2 years duration fields of MBA General, Human Resource, Finance, and Marketing. The candidates applying for this course have to appear for the entrance test CAT and should have cleared their undergraduate courses with at least 50% marks.
Placements at MIT
The college prepares its students for the corporate lives and careers through the Career Counselling cell. The Cell takes up activities like one-on-one career guidance, mock interviews, resume writing, career treks to businesses and organisations, and others. The cell also serves as the base for recruiting companies that come to campus for placements. Some of these companies are Tech Mahindra, Convergys, Verizon, HCL, Cognizant, etc.
Differential Factor
Malwa Institute of Technology has a distinct approach towards preparing its students for the challenges they face in and outside the campus. The Mentoring Programme and Academic Advising Programmes are one-on-one mentoring sessions that include both academic and social support. The college is working hard towards making its students Global Leaders.
Contact Details
- Address: Malwa Institute of Technology, Indore, Indore-Dewas Bypass Road, Indore (MP)-452016
- Phone- +91-731-2810001-08
- Email- admission@mitindore.co.in
- Website- http://mitindore.co.in
disclaimer
The content published on this page is a compiled result of What After College’s Research team. The parameters of the research and the content structure are devised by What After College’s Research Team and it is not in any way related to rankings done by governmental bodies. This research has purely been done by a third party. Kindly contact at +91-96432-09209 to make desired changes in the contact information related to your college.
MBA in a nutshell
What is MBA
The Master of Business Administration (MBA) is a universally perceived degree intended to build up the abilities required for professions in business and the executives. The estimation of the MBA, be that as it may, isn’t restricted carefully to the business world. A MBA can likewise be valuable for those seeking after an administrative profession in the open segment, government, private industry, and different territories.
Most MBA programs incorporate a “center” educational plan of subjects, for example, bookkeeping, financial matters, advertising, and activities, just as elective courses that permit members to follow their very own or expert interests. A few schools necessitate that MBA competitors complete a temporary job at an organization or association, which can prompt solid openings for work after the program.
Why MBA course?
“For what reason would it be advisable for me to do a MBA? What are the motivations to do a MBA?” — Are you attempting to discover answers to these inquiries? In the event that you have recently begun pondering seeking after a MBA, we are certain that you probably won’t have answers to these inquiries yet. However, it is imperative to realize the motivations to do a MBA, not just on the grounds that you have to answer your relatives or companions yet in addition since this is an inquiry that the entrance advisory board at any B-school will ask you!
On the off chance that you are perusing this article, we realize that you should be attempting to make sense of in the case of doing a MBA bodes well for you. Furthermore, you may have decided to settle on the choice dependent on your instructive foundation, experience and obviously, in view of the motivations to do a MBA that we share with you in this article.
Thus, we guarantee you that we won’t be giving you only an outline of the motivations to do a MBA yet that we will dig further into every one of them.
Thus, here are the main seven explanations behind you to do a MBA:
- You need to be the following Steve Jobs
- You need to make a lifelong move
- You need to procure better information and abilities
- You need to develop and this is one of the most significant motivations to do a MBA
- You need to construct a system that decides your total assets
- You have faith in the “top B-school graduated class” tag
- You need to move out and construct a profession
Specialisations in MBA
- MBA in Marketing– Specialized MBA in Marketing will give you insights into many critical areas of a company like market research and analysis, product and brand management, consumer behaviour and analytics, e-commerce, digital marketing, etc. Choosing this specialisation will open doors for many job opportunities for you like IT sales, internet marketing, marketing jobs in FMCG companies, and others.
- MBA in Finance- The specialisation will help you get an insight into the world of finance and prepare you for managerial and other senior profiles. The course requires the candidates to possess skills in economics, mathematics, and financial theory. Post the course; you could opt to work as investment bankers, financial analyst, financial advisor, finance officers, etc.
- MBA in Human Resource- MBA in Human Resource Management (HRM) trains the candidates for working on workforce management, employee policy, performance assessment, and other tasks. Additionally, the students hone their skills of communication, decision making, and teamwork.
- MBA in International Business- This specialisation trains students for various aspects of international business like export and import, foreign trade practices, documentation, global market, etc. A person who wants to either settle abroad or work in an MNC with international businesses should take up this specialisation for maximum benefits.
- MBA in Information Technology- MBA grads with specialities in Information Technology are in high demand. These grads are trained to manage the IT resources of a company, the planning, design, selection, implementation, and use of emerging and innovating technologies effectively.
Careers after MBA
An MBA is a very versatile course that gives you the opportunity to choose the field of work based on your interests, skills, and specialisations. Getting an MBA from one of the top MBA colleges will not only boost your career but will also give you an edge over the competition. Here is a list of jobs that you could consider post completion of your MBA course:
- Management Consultant
- Marketing Manager
- Investment Banker
- Operations Manager
- Data Analytics
- Private Equity
- Financial Advisor
- Entrepreneurship
There are many more career opportunities available for you apart from the ones mentioned above. And now that you have a fair idea of these, you can decide on which specialisation you want to opt for and which MBA college you want to join. It all depends on your area of interests and the job ideas that appeal the most to you.
Types of MBA courses
After deciding where you want to do your MBA from, the next important thing to determine is the course duration, or if you’re going to opt for a distant MBA or an online one. Here’s the difference:
- Full-time MBA- A two year full-time MBA course is the most common in India. Full-time MBA always preferred over others as the course is more intensive with live projects, networking, attending sessions and conferences, and other such interactions.
- Part-time MBA- Part-time MBAs are designed for working professionals, and one of the biggest challenges of opting for this is balancing between the work and education. There is no significant difference between full-time and part-time, except that the course takes relatively longer to complete.
- Executive MBA- This course is designed for experienced professionals, who aim to better their managerial skills. The course duration is one year, and the classes are usually on the weekends or evenings, maintaining a flexible schedule.
- Distance and online MBA– Many MBA colleges offer distance MBA, where the candidate will not have to go to classes and can study through online course materials, live sessions, and online exams.
Scope of MBA
The popular courses to consider after completing your MBA:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM) Exam
- Certified Information Systems Auditor (CISA)
- Certification in Risk Management Assurance (CRMA)
- Certified in Production and Inventory Management (CPIM)
- Project Management Professional (PMP)
- Second MBA from an international business school
Some of the job profiles offered after completing MBA are:
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Resources Manager
- Operations Manager
- Product Manager
- Data Analytics Manager
- Digital Marketing Manager
- Advertising Sales Manager
- NGO Manager
Top Recruiters for MBA Graduates
MBA graduates from any domain are in high demand. Below is the list of few top companies in Indore that recruit MBA postgraduates along with their placement ratings:
| Colleges | Placement Ratings (Based on Reviews) | Top Recruiters |
|---|---|---|
| Indore Institute of Management and Research, Indore | 4.6 | Airtel, American Express, Canara Bank, Capital Via, HFFC, HSBC, ICICI Prudential, Jaro Education, Policy Bazaar, Vivo Mobile, etc. |
| IIM Indore | 4.4 | Cognizant, Deloitte, Axis Bank, HDFC, Airtel, Paytm, Unilever, Asian Paints, Google, IBM, The Boston Consulting Group, PwC, Goldman Sachs, JP Morgan Chase & Co., American Express, HUL, Asian Paints, Google, Amazon, ITC, etc. |
| Vikrant Group of Institutions, Indore | 4.4 | Jabong, Amazon, Flipkart, TCS, Infosys, Tech Mahindra, Google, Path India, Dilip Buildcon, etc. |
| Jaipuria Indore | 4.3 | Aditya Birla, Philips, Deloitte, Amazon, Amul, RBL Bank, Godrej, TVS Motors, Havells, HDFC Bank, Lava International, Asian Paints, TATA AIG, Vivo, MRF, Muthoot Fincorp, Mahindra and Mahindra, Treebo Hotels, Bajaj Electricals, Wipro, GE Healthcare, Makemytrip, Marico, Times Internet, Reckitt Benkiser, Colgate-Palmolive, etc. |
| NMIMS University, Indore | 4.3 | Godrej, Deloitte, Kotak Mahindra Bank, Carrier, Eagle, Eicher, HDFC Bank, Delhivery, Glaxo Smith Kline, Treebo, MP Birla Group, Hitachi, Motilal Oswal, JSW, IDBI Federal, Epic Research, etc. |
MBA Specializations offered in Indore
MBA Colleges in Indore offer differentiated specializations in Finance, Human Resources, Sales and Marketing, IT and Systems, Operations, International Business, Travel and Tourism Management, Entrepreneurship, Business Analytics, Agriculture and Food Business, and so on. The most famous ones are Finance and Human Resources followed by Sales and Marketing
Increasing Demand for MBAs
A study published in Forbes in 2014 shows that an MBA pass-outs salary was 50% higher than those in the same position without the degree. Also, the average pay increased by 80% in the following five years. Another study published in The Economist in 2016 showed that the job opportunities for MBAs are on the rise, with 3 in 4 employers wanting to hire MBA graduates. These studies are indicatives of the rise in demand for MBA grads and the kind of salaries that they can expect. Employers certainly believe that managers of their companies who have risen through ranks to secure that position know the ins and outs of their business and can do a better job. On the other hand, they would also prefer an MBA grad from one of the top MBA colleges that will bring fresh insights to run the business.
MBA options In India Vs. Abroad
Choosing to do your MBA in India or elsewhere can be a tough choice, considering the benefits and drawbacks of both. However, these points listed below can help you make a fair decision:
- Admission Prerequisites- For admission in an Indian B-school, the most important entrance exam is CAT and others like SNAP, IIFT, NMAT, etc. Also, having work experience isn’t mandatory. For admission in one of the top MBA colleges, good GMAT and GRE scores are a compulsion, plus work experience of at least two to three years.
- Cost and expenses- While an MBA in India will cost you somewhere around 15 to 20 Lakhs, including the cost of living, and MBA abroad is way too expensive. 75 to 80 Lakhs excluding the cost of living there would be the amount you would have to spend on MBA from one of the top MBA colleges.
- Job and Career- An MBA abroad will help you get familiar with the international standards of business. This is going to be much help if you are planning of settling abroad post the course. But, if you are going to take up a job in India, then an Indian MBA is what you should opt for.
Admission Criteria of MBA Colleges in Indore
Top MBA Colleges in Indore: Entrance Exam Wise
Admission to top MBA universities in Indore is done through selection tests like CAT, CMAT, and so on. Given underneath is a rundown of tests and the universities that acknowledge these tests.
Top MBA Colleges in Indore : Accepting CAT Score
CAT or Common Admission Test is an online test led for the postgraduate administration programs.
The Indian Institutes of Management (IIMs) began the CAT test for choosing understudies. Nonetheless, the test is presently acknowledged by different universities as well.
The test incorporates Quantitative Ability, Verbal Ability and Reading Comprehension, Data Interpretation, and Logical Reasoning.
The paper comprises of various decision questions and furthermore has an arrangement for negative stamping.
Top MBA Colleges in Indore : Accepting CMAT score
Regular Management Admission Test or CMAT is an online PC based test directed by the National Testing Agency, India.
It is a public level affirmation test for choosing understudies for the executives programs and is endorsed by AICTE.
It is a 3-hour paper comprising of different decision questions. Negative Marking is permitted in the test and 1 imprint will be deducted from each off-base answer.
Top MBA universities in Indore like Prestige Institute of Management and Research, Institute of Management Studies Devi Ahilya Vishwavidyalaya, and so on., acknowledge CMAT score.
Top MBA Colleges in Indore: Admission Process
There are a total of 81 colleges in MBA Colleges in Indore out of which 72 are private and 9 are public. The following chart shows their ratio:
Admissions in top MBA colleges are done mainly through entrance exams like CAT, XAT, and GMAT, etc. The following table shows the number of colleges in Indore accepting their score.
How affordable is studying MBA in Indore : Fee structure of Indore
Based on the below pie chart, it can be estimated that pursuing MBA in Indore is economical as approximately 52% of the colleges have course/annual fees between Rs 1-2 lakh. Some of these colleges are:
- Institute of Management Studies, Devi Ahilya Vishwavidyalaya
- International Institute of Professional Studies, Devi Ahilya Vishwavidhyalaya
- SAGE University
- Shri Vaishnav Vidyapeeth Vishwavidyalaya
- Medi-Caps University
- Indore Institute of Management and Research
- Renaissance University
- Devi Ahilya Vishwavidyalaya
- Shri Vaishnav Institute of Management
- Pioneer Institute of Professional Studies
The fees of around 16% colleges ranges between Rs 2-3 lakh. Some of these colleges are:
- Prestige Institute of Management and Research (PG Campus)
- SAGE University
- Prestige Institute of Engineering Management and Research
- Institute of Business Management and Research (IBMR IPS)
- Lal Bahadur Shastri Institute of Technology and Management
- Shri Govindram Seksaria Institute of Technology and Science
- Indore Management Institute and Research Centre
Approximately 16% MBA colleges in Indore have fee structure of less than Rs 1 lakh. Some of these colleges are:
- Vindhya Institute of Technology and Science
- Lal Bahadur Shastri Institute of Technology and Management
- Apex Institute of Management and Research
- Sushila Devi Bansal College of Engineering
- Sushila Devi Bansal College of Technology
- Astral Institute of Technology and Research
- BM College of Technology
- Patel Group of Institutions (Patel College of Science & Technology, Indore)
- Lord Krishna College of Technology
Only around 9% colleges is expensive which is more than Rs 5 lakh. Some of these colleges are:
- IIM Indore
- Symbiosis University of Applied Sciences
- Jaipuria Indore
- NMIMS University
- TimesPro
The fees of around 7% MBA colleges in Indore ranges between Rs 3-5 lakh. These colleges are:
- Indore Indira Business School
- Vikrant Group of Institutions
- Renaissance University
- CH Institute of Management and Commerce
Refer to the infographic below to get a detailed overview of the break-up of MBA Course in Indore basis fees:
Different Aspects to choose MBA Colleges in Indore
Top MBA Colleges in Indore: Ranking
The schools and colleges are judged and positioned on boundaries like the Perception of the college, Faculty Quality, Student-Teacher Ratio, Placements, and so forth. Rankings of top MBA universities in India are delivered each year by different positioning organizations like NIRF, Outlook, India Today, and so on.
Top MBA Colleges in Indore: NIRF Ranking
NIRF or National Institutional Ranking Framework is the public positioning organization of India run by the Ministry of HRD. NIRF positions schools and colleges dependent on the accompanying boundaries:
Instructing, Learning, and Resources (TLR)
Exploration and Professional Practice (RP)
Graduation Outcome (GO)
Effort and Inclusivity (OI)
Observation (PR)
The table below lists the top MBA colleges in Indore ranked by NIRF in the 2020 management list.
| COLLEGE NAME | NIRF RANKING 2020 | NIRF RANKING 2019 | CHANGE | AVERAGE ANNUAL FEES |
|---|---|---|---|---|
| IIM Indore | 7 | 5 | -2 | INR 8,00,000 |
As is evident from the table, the Indian Institute of Management (IIM), Indore is the only MBA College in Indore that has been ranked in the NIRF list of Top 75 MBA colleges in India.
- It has been ranked 7 in India with a score of 69.04.
- It obtained a position of 5 in 2019 and has therefore dropped by 2 positions.
- The average annual fee is INR 8 Lacs and the fee for the whole program is INR 16 Lacs.
Top MBA Colleges in Indore: ROI (Return on Investment)
Return on Investment (ROI) is the count of the profitability of a college in terms of placements and fees. It is one such factor that must be kept in mind while deciding a college. Given below is a list of top MBA colleges in Indore ROI wise.
| COLLEGE NAME | AVERAGE ANNUAL FEE | AVERAGE PLACEMENT PACKAGE | ROI RANK* |
|---|---|---|---|
| IMS Devi Ahilya Vishwavidyalaya | INR 60,000 | INR 3,50,000 | 1 |
| Amity Global Business School, Indore | INR 1,20,000 | INR 4,00,000 | 2 |
| Indian Institute of Management, Indore | INR 8,00,000 | INR 20,79,000 | 3 |
| Prestige Institute of Management | INR 1,19,500 | INR 3,00,000 | 4 |
*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%
- Institute of Management Studies, Devi Ahilya Vishwavidyalaya is the best MBA College in Indore in terms of Return on Investment.
- It offers an average placement package of INR 3.5 LPA with an average fee of INR 60,000.
Conclusion
An MBA degree is sure to get your career kick-started. After having made up your mind to do an MBA, the next tough decision is to pick the right MBA college. This list of top MBA colleges can help you understand what kind, of course, you are looking for and what field interests you the most. All the colleges listed above have their own specialisations and plus points. However, the college you decide to join has to cater to your needs. Thorough research along with a little forethought can help you make the right decision.
Meanwhile, check out list of Top MBA Colleges in other cities
Whether you are a recent pass-out, who is yet to establish a career, or a professional with years of experience, choosing a business management course is going to be beneficial in both cases. Top MNCs and companies will always prefer an MBA grad over anyone else for their improved managerial and leadership skills. You could choose to specialise in a particular field, or generalise your course, either way; you are going to pave the way for opening different career opportunities, higher pay scales, and higher demand for yourself. Also, choosing to do this course from one of the top MBA colleges is going to come with its own benefits. This will reward you with worldwide recognition of your credentials. Meanwhile you can also check our list of Top MBA Colleges in other cities: MBA Colleges In Delhi| MBA Colleges in Mumbai| MBA Colleges In Chennai| MBA Colleges In Hyderabad | MBA Colleges In Bangalore| MBA Colleges In Kolkata | MBA Colleges In Agra| MBA Colleges In Dehradun| MBA Colleges In Aurangabad| MBA Colleges In Surat| MBA Colleges In Pune| MBA Colleges In Ludhiana| MBA Colleges In Lucknow| MBA Colleges In Kanpur| MBA Colleges In Jaipur| MBA Colleges In Coimbatore| MBA Colleges In Chandigarh| MBA Colleges In Bhopal| MBA Colleges In Ahmedabad| MBA Colleges In Guwahati |MBA Colleges In Gandhinagar You can also check our list of Top CAT Coaching in your city: CAT Coaching in Delhi | CAT Coaching in Mumbai | CAT Coaching in Chennai | CAT Coaching in Hyderabad | CAT Coaching in Bangalore | CAT Coaching in Kolkata | CAT Coaching in Coimbatore | CAT Coaching in Trivandrum | CAT Coaching in Dehradun | CAT Coaching in Raipur | CAT Coaching in Ahmedabad | CAT Coaching in Nagpur | CAT Coaching in Bhubaneswar | CAT Coaching in Vijayawada | CAT Coaching in Pune | CAT Coaching in Allahabad | CAT Coaching in Patna | CAT Coaching in Kanpur | CAT Coaching in Bhopal | CAT Coaching in Indore | CAT Coaching in Jaipur | CAT Coaching in Chandigarh
