Indore, the commercial capital of Madhya Pradesh, has emerged as one of the leading education hubs in central India.

The city is home to some of the best MBA colleges in the country, offering high-quality education, world-class infrastructure, and excellent placements. 

This article will examine Indore's top 10 MBA colleges based on their ranking, course details, placements, and fees.

Ranking of Top 10 MBA Colleges in Indore

Here is a table summarising the ranking of the top 10 MBA colleges in Indore:

Indian Institute of Management Indore

The Indian Institute of Management Indore (IIM Indore) is one of the premier business schools in India, offering a two-year full-time MBA program. The institute was established in 1996 on a 193-acre campus in Indore. IIM Indore is known for its rigorous academic curriculum, industry-oriented approach, and excellent placement record.

Course Details: The two-year MBA program at IIM Indore covers various subjects, including finance, marketing, operations, human resources, and strategy. The program is divided into six trimesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: IIM Indore has an excellent placement record, with a placement rate of 100% for the 2021 batch. The average salary was INR 22.92 lakhs per annum, and the highest was INR 56.8 lakhs per annum.

Fees: The total fee for the MBA program at IIM Indore is INR 22 lakhs.

Prestige Institute of Management and Research

Prestige Institute of Management and Research (PIMR) is a leading MBA college in Indore, offering a two-year full-time MBA program. The institute was established in 1994 and is affiliated with Devi Ahilya Vishwavidyalaya, Indore. PIMR is known for its academic excellence, industry-oriented curriculum, and strong industry linkages.

Course Details: The two-year MBA program at PIMR covers various subjects, including finance, marketing, operations, human resources, and entrepreneurship. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: PIMR has a strong track record of placements, with a placement rate of 95% for the 2021 batch. The average salary was INR 5.8 lakhs per annum, and the highest was INR 12 lakhs per annum.

Fees: The total fee for the MBA program at PIMR is INR 4.5 lakhs.

Institute of Management Studies (IMS) DAVV Indore

Institute of Management Studies (IMS) DAVV Indore is a renowned MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 1997 and is known for its academic rigour, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at IMS DAVV Indore covers various subjects, including finance, marketing, operations, human resources, and international business. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: IMS DAVV Indore has a strong track record of placements, with a placement rate of 85% for the 2021 batch. The average salary was INR 4.5 lakhs per annum, and the highest was INR 10 lakhs per annum.

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Fees: The total fee for the MBA program at IMS DAVV Indore is INR 2.98 lakhs.

Shri Vaishnav Institute of Management (SVIM) Indore

Shri Vaishnav Institute of Management (SVIM) Indore is a leading MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 1994 and is known for its academic excellence, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at SVIM Indore covers various subjects, including finance, marketing, operations, human resources, and entrepreneurship. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: SVIM Indore has a strong track record of placements, with a placement rate of 80% for the 2021 batch. The average salary was INR 3.5 lakhs per annum, and the highest was INR 6 lakhs per annum.

Fees: The total fee for the MBA program at SVIM Indore is INR 3.3 lakhs.

Sanghvi Institute of Management and Science Indore

Sanghvi Institute of Management and Science Indore is a leading MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 2006 and is known for its academic rigour, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at Sanghvi Institute of Management and Science Indore covers various subjects, including finance, marketing, operations, human resources, and entrepreneurship. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: Sanghvi Institute of Management and Science Indore has a strong track record of placements, with a placement rate of 75% for the 2021 batch. The average salary was INR 3.2 lakhs per annum, and the highest was INR 5.5 lakhs per annum.

Fees: The total fees for the Sanghvi Institute of Management and Science Indore MBA program are INR 3.8 lakhs.

Maharaja Ranjit Singh College of Professional Sciences Indore

Maharaja Ranjit Singh College of Professional Sciences Indore is a well-known MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 2005 and is known for its academic excellence, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at Maharaja Ranjit Singh College of Professional Sciences Indore covers various subjects, including finance, marketing, operations, human resources, and international business. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: Maharaja Ranjit Singh College of Professional Sciences Indore has a strong track record of placements, with a placement rate of 70% for the 2021 batch. The average salary offered was INR 3 lakhs per annum, and the highest salary was INR 5.5 lakhs per annum.

Fees: The total fees for the MBA program at Maharaja Ranjit Singh College of Professional Sciences Indore is INR 2.25 lakhs.

Indore Institute of Management and Research (IIMR) Indore

Indore Institute of Management and Research (IIMR) Indore is a leading MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 2003 and is known for its academic rigour, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at IIMR Indore covers various subjects, including finance, marketing, operations, human resources, and entrepreneurship. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: IIMR Indore has a strong track record of placements, with a placement rate of 65% for the 2021 batch. The average salary offered was INR 2.8 lakhs per annum, and the highest salary was INR 5 lakhs per annum.

Fees: The total fee for the MBA program at IIMR Indore is INR 3.45 lakhs.

Shri Gujarati Samaj Institute of Professional Studies Indore

Shri Gujarati Samaj Institute of Professional Studies Indore is a well-known MBA college in Indore, affiliated to Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 2007 and is known for its academic excellence, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at Shri Gujarati Samaj Institute of Professional Studies Indore covers various subjects, including finance, marketing, operations, human resources, and international business. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: Shri Gujarati Samaj Institute of Professional Studies Indore has a placement rate of 60% for the batch 2021, with an average salary of INR 2.5 lakhs per annum and the highest salary offered to be INR 4.5 lakhs per annum.

Fees: The total fee for the MBA program at Shri Gujarati Samaj Institute of Professional Studies Indore is INR 2.9 lakhs.

International Institute of Professional Studies (IIPS) Indore

International Institute of Professional Studies (IIPS) Indore is a well-known MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 1992 and is known for its academic rigour, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at IIPS Indore covers various subjects, including finance, marketing, operations, human resources, and entrepreneurship. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: IIPS Indore has a strong track record of placements, with a placement rate of 70% for the 2021 batch. The average salary was INR 3 lakhs per annum, and the highest was INR 6 lakhs per annum.

Fees: The total fee for the MBA program at IIPS Indore is INR 2.05 lakhs.

Acropolis Faculty of Management and Research Indore

Acropolis Faculty of Management and Research Indore is a well-known MBA college in Indore, affiliated with Devi Ahilya Vishwavidyalaya, Indore. The institute was established in 2005 and is known for its academic excellence, innovative teaching methods, and strong industry linkages.

Course Details: The two-year MBA program at Acropolis Faculty of Management and Research Indore covers various subjects, including finance, marketing, operations, human resources, and international business. The program is divided into four semesters, and the first year is focused on building a solid foundation in management principles and concepts. In the second year, students can choose from various elective courses based on their interests and career aspirations.

Placements: Acropolis Faculty of Management and Research Indore has a placement rate of 50% for the 2021 batch, with an average salary of INR 2.5 lakhs per annum and the highest salary offered to be INR 4 lakhs per annum.

Indore has emerged as a major education hub in central India, with several top MBA colleges offering high-quality management education to students. 

The MBA colleges in Indore provide students with a solid foundation in management principles and practices, along with practical industry exposure and hands-on experience. 

The top 10 MBA colleges in Indore listed in this article have been selected based on their academic reputation, faculty strength, infrastructure, and placement track record.

Students aspiring to pursue an MBA program in Indore can consider these top 10 MBA colleges to make an informed decision about their future career prospects. 

The MBA colleges in Indore provide a conducive learning environment, innovative pedagogy, and strong industry linkages that enable students to build successful management careers.

FAQs

What is the duration of the MBA program at the top colleges in Indore?

The duration of the MBA program at the top colleges in Indore is generally two years.

What is the average placement rate for MBA graduates from the top colleges in Indore?

The average placement rate for MBA graduates from the top colleges in Indore is around 70%.

What is the average salary offered to MBA graduates from the top colleges in Indore?

The average salary offered to MBA graduates from the top colleges in Indore is around INR 3 lakhs per annum.

Are the top MBA colleges in Indore affiliated with any university?

Yes, the top MBA colleges in Indore are affiliated with Devi Ahilya Vishwavidyalaya, Indore.

What are the total fees for the MBA program at the top colleges in Indore?

The total fees for the MBA program at the top colleges in the Indore range from INR 1.5 lakhs to INR 3 lakhs.