Top MBA Colleges in Madhyapradesh 25-2026 - Fees, Admissions, Placements

Top 10 MBA Colleges in Madhya Pradesh

There are around 326 MBA colleges in Madhya Pradesh. Out of that, 282 private colleges, and 34 colleges are government. Most of these are AICTE and UGC approved. The state offers both full-time and online MBA programs in particular colleges.

The top MBA colleges are IIM Indore, PIMR, IIFM Bhopal, Jaipuria Institute of Management Indore, VIT Bhopal, etc. Many colleges have been ranked by ranking agencies like NIRF, IIRF, Outlook, etc, based on their academic performance and overall results. As per, MBA Colleges in MP NIRF rank-wise wise Jaipuria Institute of Management Indore, has been ranked by NIRF with 101 ranks in 2024 and 2025.

Admissions are based on CAT/ MAT/ ATMA/ CMAT scores along with educational qualifications. Some of the private colleges offer direct admissions as well.  Below is the list of top 10 MBA colleges in Madhya Pradesh and the fee structure:    

Specializations offered by MBA Colleges in Madhya Pradesh

The most common specialization opted for by MBA aspirants is General Management. There are more than 220 colleges that offer general specialization. Some of the other popular disciplines are Marketing, Finance, Human Resource Management, Operations Management, Information Technology etc. table below states the number of popular or top MBA Colleges in MP specializations:

Top MBA Colleges in Madhya Pradesh 2026 City-wise

Amongst the 326 MBA colleges in Madhya Pradesh are spread across the main cities of the state. The popular cities are Bhopal, Sagar, Gwalior, Jabalpur, Indore etc. The table below gives details about the popular cities, the number of MBA colleges, and the top college names in MP:  

Top Government MBA Colleges in Madhya Pradesh 2026

Many of the Government based MBA Colleges in MP offers quality education with affordable fees. Some of the top government MBA colleges in MP are the Indian Institute of Management (IIM) Indore, the Institute of Management Studies (IMS) under DVV, Indore, Makhanlal Chaturvedi National University of Journalism and Communication, Bhopal, and Barkatullah University Institute of Management and Research (BUIMR), Bhopal.

Government colleges offer good academic excellence, experienced faculty, and strong placement networks. To get admission in Government colleges, students must have valid scores in entrance exams like CAT, MAT, CMAT, etc. There is no direct admission available in these colleges. Here is the list of Government MBA Colleges in MP fee structure:

Top Private MBA Colleges in Madhya Pradesh 2026

Madhya Pradesh state has over 282 private MBA colleges in most of its popular cities. Some of the popular colleges are PIMR, ITM University, School of Management, Amity University, Jagran Lake City Business School, LNCT Bhopal, Jaipuria Institute of Management Indore, etc. Most of these colleges accept entrance exams like CAT/ MAT/ CMAT/ ATMA at the national level, or some institutes have their own test.  Also, the majority of the private institutes focus on providing modern infrastructure, good industry-tie-ups, internship programs and good placement support. Below are some of the top private MBA Colleges in Madhya Pradesh with fees structure.

Top Lowest fees MBA Colleges in Madhya Pradesh 2026

There are several MBA colleges in Madhya Pradesh that offer an MBA program at relatively low fees. Some of these institutes even include Open and Distance MBA Education, such as Barkatullah Vishwavidyalaya Bhopal, the Indore School of Social Work, and IGNTU. The fees at the School of Studies in Distance Education, Jiwaji University, Gwalior, is very nominal at INR 5000 for the entire program. The Indore School of Social Work MBA fees is INR 14,500 in total. Admissions to these colleges are based on academic merit only.

Check the list of Top MBA colleges in Madhya Pradesh with Low Fees:

MBA Admissions in Madhya Pradesh

Candidates can seek admission to the MBA program in Madhya Pradesh through both national and state-level entrance exams. The basic educational qualification is to have a bachelor’s degree with a minimum aggregate score of 50 to 60%. The selection process in most of the colleges consider entrance exam scores, group discussions, personal interviews, and academic background checks. Private MBA colleges also offer management quota seats and direct admissions if the candidates don’t have eligible scores.

For top tier institutes like, Indian Institute of Management (IIM) Indore, Institute of Management Studies (IMS) Indore, and LNCT University Bhopal offer MBA programs with diverse specializations, including Marketing, Finance, Human Resource Management, and Operations.

Admissions to top government and private MBA colleges in Madhya Pradesh are commonly based on entrance exams like CAT, CMAT, MAT, etc. Students can get a seat in MBA Colleges without an entrance exam, or if the candidates don’t have enough scores and then they can opt for management or direct admissions.

Top MBA Colleges in Madhya Pradesh with highest placements 2026

The top MBA Colleges of Madhya Pradesh give immense importance to placement and building strong industry connections. Most of the colleges have dedicated placement cells, and career-oriented training programs. As per the placement records of past years, Indian Institute of Management (IIM) shows the highest packages. There are top recruiters like Deloitte, HDFC Bank, Amazon, Accenture, Infosys, Wipro etc., showing excellent placement support.

Some of the other reputed colleges with good placement support, such as specialized training, internship opportunities, along personality development sessions, are Prestige Institute of Management and Research (PIMR) Indore, Institute of Management Studies (IMS) Indore, and LNCT University Bhopal.

Consulting, finance, IT, marketing, and operations are the diverse sectors in which recruiters actively participate in the campus drives annually. Approximately 10-18 LPA is the average salary package offered at top MBA colleges in Madhya Pradesh, depending on the college and specialization type. The highest package yet recorded is 70 LPA. Here is the list of top MBA colleges in Madhya Pradesh, placement-wise:

List of Top 136 MBA Colleges in Madhyapradesh

ITM University

Gwalior, Madhya Pradesh | Ratings:

Established : 1997 | Accredited/Approved : UGC

>> Master of Business Administration

Fees : Rs. 610000

• Does ITM offer agribusiness management in MBA? How much does the fee cost?

Courses & Fees

Admission

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Indian Institute of Management Indore

Indore, Madhya Pradesh | Ratings:

Established : 1996 | Accredited/Approved : AICTE

• How much is the fee for PGP in human resource management at IIM Indore?

The first year fee of PGP HRM at IIM Indore is INR 8.51 lakhs, and the second year fee is INR 9.38 lakhs. So the total course fee shall be INR 17.88 lakhs.

Courses & Fees

Admission

Cutoff

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SAGE University

Indore, Madhya Pradesh | Ratings:

Established : 2017

>> Master of Business Administration

Fees : Rs. 140000

• Can I get admission for Distance MBA at SAGE University?

There is no option for students to get distance learning at SAGE University.

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Placement

Admission

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Gyan Ganga College of Technology

Jabalpur, Madhya Pradesh | Ratings:

Established : 2006 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 110000

• What is the selection requirement for MBA admissions at GGCT?

Gyan Ganga College of Technology MBA program is provided based on a graduation degree from a recognized University. The selection is based

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Acropolis Institute of Technology and Research

Bhopal, Madhya Pradesh | Ratings:

Established : 2005 | Accredited/Approved : UGC

>> Master of Business Administration

Fees : Rs. 140000

• how to fill MBA application form and admission procedure?

Courses & Fees

Admission

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Govindram Seksaria Institute of Management and Research

Indore, Madhya Pradesh | Ratings:

Established : 1996 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 106000

• What's the fees of MSc Maths and eligibility to get admission to the MSc program?

GSIMR does not offer any M.Sc. program in their institute; they offer only an MBA program at PG with relevant subject choices and eligibility criteria. 

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Boston College for Professional Studies

Gwalior, Madhya Pradesh | Ratings:

Established : 1996 | Accredited/Approved : NAAC

>> Master of Business Administration

Fees : Rs. 74000

• MBA in construction

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Admission

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Indore Institute of Science & Technology

Indore, Madhya Pradesh

Established : 2003 | Accredited/Approved : AICTE,NBA

>> Master of Business Administration

Fees : Rs. 120000

• Did I get admission in this college

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Admission

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Astral Institute of Technology and Research

Indore, Madhya Pradesh | Ratings:

Established : 2006 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 80200

• Admission process

Courses & Fees

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Mathura Devi Institute of Technology & Management

Indore, Madhya Pradesh

Established : 2007 | Accredited/Approved : AICTE, DTE

>> Master of Business Administration

Fees : Rs. 121499

Courses & Fees

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