Besides the strategic location of the city, well-established infrastructure and cosmopolitan student-friendly culture also make it all the more attractive. With high-ranking colleges, varied specialisations and good career prospects Indore remains a choice for MBA aspirants.

Prestige Institute of Management and Research, Jaipuria Institute of Management, PIMR-Prestige and Institute of Management & Research, LBSIM Indore-Lal Bahadur Shastri Institute of Technology and Management, Indore, Pioneer Institute of Professional Studies, Indore and others are some of the best management schools in Indore. The well-known management entrance tests that are administered to grant admission to top b-schools in Indore are CAT, MAT, ATMA, MPMET, CMAT, CUET-PG, GMAT and GRE.

Highlights of the Top MBA Colleges in Indore 

Indore has premier MBA colleges that provide good education and excellent career opportunities. Among the top institutions are LBSIM Indore, Jaipuria Institute of Management, and Prestige Institute of Management and Research. The admissions are made on the basis of exams such as CAT, MAT, ATMA, MPMET, CMAT, CUET-PG, GMAT, GRE etc.

The students can specialise in Marketing, Finance, Digital Marketing, HR, Supply Chain and Entrepreneurship. The fee is between ₹1.1 lakhs to ₹20.11 lakhs with average salary offers ranging between ₹3.6 lakhs to ₹25.68 lakhs per annum making Indore an ideal option for MBA seekers. The key highlights of the top colleges in Indore for MBA/PGDM  are given below: 

Why Choose Indore for an MBA?

Indore is a well-established education centre that provides high-quality management education coupled with low-cost living expenses which makes it an ideal destination for MBA candidates.

• Top-Ranked Colleges: Academic excellence is completely taken care of by institutions such as IIM Indore, Prestige Institute of Management, Jaipuria Institute of Management, and LBSIM Indore-Lal Bahadur Shastri Institute of Technology and Management.

• Industry Exposure: An emerging IT, manufacturing, finance and startup hub offering a wide range of internship and employment opportunities.

• Diverse Specialisations: Provides MBA specialisations in Finance, Marketing, HR, Business Analytics, Operations and Digital Marketing which cater to industry requirements.

• Budget to Premium Choices: Students have the option to opt from cheap institutes to premium private B-schools with international exposure.

• Good Placement Opportunities: Top recruiters from IT, banking, FMCG and consulting regularly recruit from Indore's MBA colleges.

• Student-Friendly Atmosphere: A lively, affordable city with state-of-the-art infrastructure, diversity of cultures and high-quality academic guidance provides a perfect setting for management education.

With its best institutes, corporate offices and robust career opportunities Indore is a sought-after MBA destination.

Top MBA/PGDM Colleges in Indore in NIRF Ranking 

IIM Indore is the premier MBA college in Indore and has been repeatedly ranked among India's top management schools. Ranked 8th in 2024 and 2023 in NIRF Rankings and 7th in 2022 it reflects on its academic merits, strong industry relationships and excellent placements. The top MBA/PGDM colleges in Indore with the NIRF ranking are given below:

Top MBA/PGDM Colleges in Indore in IIRF Ranking 

Indore has a few of the best MBA colleges according to IIRF rankings. IIM Indore takes the top spot with a G-5 rank in 2025 reflecting its steady top-ranked performance. Prestige Institute of Management & Research (PIMR) and Institute of Management Studies, Devi Ahilya University have also been ranked well.

Institutes such as SAGE University, Indore Management Institute, IPS Academy and Shri Vaishnav School of Management are also positioned well in the rankings. A list of the top MBA/PGDM colleges in Indore with the IIRF ranking is given below: 

Note: P in the above table represents the Private Colleges IIRF ranking and G represents Government College ranking. 

Best MBA/PGDM Colleges in Indore Accreditations Wise

Indore's best MBA/PGDM institutions have significant accreditations which guarantee quality education and international recognition. IIM Indore is distinguished by elite EQUIS, AACSB and AMBA accreditations. PIMR, SAGE University and IPS Academy are UGC and NAAC accredited whereas Jaipuria Institute of Management has NBA and NAAC approvals.

These accreditations show the academic quality and authenticity of management education in Indore. A list of the best MBA/PGDM colleges in Indore accreditations-wise is given below: 

Top MBA/PGDM Colleges in Indore Placement Wise

The best MBA/PGDM schools in Indore offer competitive placement drives and competitive compensation packages. IIM Indore takes the lead with an average package of ₹25.68 Lakh per annum followed by Shri Vaishnav School of Management (₹14.17 Lakhs per annum) and Jaipuria Institute of Management (₹9.05 Lakhs per annum). 

Colleges such as IMS Devi Ahilya University and PIMR provide affordable courses with good placements. With fees ranging from ₹1.10 lakhs to ₹20.11 lakhs. The top MBA/PGDM colleges in Indore Placements are given below: 

Top Part-time MBA/PGDM Colleges in Indore

Indore provides part-time MBA courses for working professionals looking to advance their careers. IIM Indore offers the PGPMX course for executives at a cost of ₹17.60 lakhs whereas IMS Devi Ahilya University provides an Executive MBA at a lower price. These courses enable professionals to enhance their skills while retaining their jobs. The top part-time MBA/PGDM colleges in Indore are given below:  

Top Integrated MBA/PGDM Colleges in Indore

Indore has integrated MBA courses for those who wish to begin their management journey early. IIM Indore has an elite Integrated Program in Management (IPM) while IMS Devi Ahilya University has 5-year integrated MBA courses in Hospital Administration and E-Commerce. These courses enable the students to establish a solid foundation in management immediately after school. A list of the top integrated MBA/PGDM colleges in Indore is given below: 

Top Executive MBA/PGDM Colleges in Indore

Indore provides Executive MBA courses for professionals who want to advance their careers. IIM Indore has the EPGP (1-year) and PGPMX (2-year) courses with fees of ₹22.11 lakhs and ₹17.60 lakhs respectively. IMS Devi Ahilya University also has an MBA (Executive) course with a duration of 2 years. The top executive MBA/PGDM colleges in Indore are given below: 

Specialisations Offered by the Top MBA/PGDM Colleges in Indore 

Indian Institute of Management, Indore

IIM Indore provides varied MBA courses. The PGP (MBA) includes Marketing, Finance, HR, Strategy and Operations. The EPGP or PGPMX can be chosen by professionals with a focus on leadership and strategy. The IPM integrates undergraduate and MBA education and the PGP-HRM specialises in Human Resource Management.

PIMR-Prestige Institute of Management & Research, Indore

PIMR Indore provides various MBA courses with specialisations in Finance, Marketing, HR, Data Analytics and Information Systems. The institute also has specialised MBA courses in fields such as International Business, Financial Administration, Personnel Administration and Advertising & Public Relations. It also offers a Master of Mass Communication (MMC) program for media and communication-interested individuals.

Indore Management Institute, Indore

Indore Management Institute provides an MBA program with specialisations in Marketing, Finance, HR, IT & Operations and Financial Administration. The institute is dedicated to imparting industry-focused education to enable students to establish successful career careers in management.

Admission Process for the Top MBA/PGDM Colleges in Indore 

The admission process for MBA/PGDM programs in Indore involves the following:

1. Eligibility Check: MBA admission eligibility includes a bachelor's degree with 50% marks (45% for reserved categories). Some programs require work experience like the Executive MBA program.

2. Entrance Exams: Register and appear for MBA entrance tests like  CAT, MAT, ATMA, MPMET, CMAT, CUET-PG, GMAT, GRE etc.

3. Shortlisting: Entrance exam results are used by colleges to choose the students.

4. Selection phases: The selected candidates are contacted for additional phases of the selection process following the admission exam. These are the Personal Interview (PI), Group Discussion (GD), and Writing Ability Test (WAT). Diversity, professional experience and academic standing are also considered.

5. Final Admission: Merit lists are published by colleges based on the performance and scores of candidates during the selection process. Candidates are admitted to the MBA program following complete payment which includes orientations and document verification.

The above mentioned MBA admission requirements make it clear only qualified applicants are accepted into the MBA/PGDM program in Indore.

Top 10 MBA/PGDM Colleges in Indore With Fee Structure

Indore has MBA/PGDM programs that suit all budgets. IIM Indore takes the lead with a fee of ₹20.11 lakhs followed by Jaipuria Institute with ₹12.75 lakhs. IMS DAVV (₹1.99 lakhs) and PIMR (₹2.07 lakhs) are affordable options. 

Shri Vaishnav Vidyapeeth, SAGE University and LBSITM are some institutes that provide quality education at ₹1.1 to ₹2.28 lakhs making Indore one of the top MBA places. A list of the top MBA/PGDM colleges in Indore with fee structure is given below:

Placement (ROI) MBA/PGDM Colleges in Indore

MBA/PGDM courses in Indore have a high Return on Investment (ROI). IIM Indore tops with an ₹25.68 Lakhs per annum average package and preferred recruiters like HCL, TCS and Walmart. Low-cost options like IMS DAVV (₹1.99 lakhs) and PIMR (₹2.07 lakhs) provide packages of ₹5 Lakhs per annum with recruiters like Amazon, IBM and Tech Mahindra. 

Shri Vaishnav Vidyapeeth is different with an ₹14.17 Lakhs per annum package with HSBC, Capgemini and Mindtree making Indore an ideal option for placements. The placements (ROI) MBA/PGDM colleges in Indore are given below: