Planning to pursue Commerce in Madhya Pradesh? With 104 Commerce colleges offering B.Com, M.Com, B.Com (Hons), and CA, choosing the right college depends on key factors such as rankings, fees, placements, and entrance exams accepted.
Madhya Pradesh's Commerce landscape includes top government institutes like PMBGCC and Shri Cloth Market Girls Commerce College, along with leading private universities such as M.K. H.S. Gujarati Girls Commerce College and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science. Admissions are conducted through exams like national entrance exams, depending on the course and institution.
This page provides a complete list of Commerce colleges in Madhya Pradesh 2026, helping you compare colleges based on fees, placements, courses, and admission criteria to shortlist the best options.
Overview of Commerce Colleges in Madhya Pradesh
Madhya Pradesh has a diverse mix of commerce colleges across government, private, and deemed categories, offering programs in core and emerging fields. These colleges vary in terms of fee structure, admission process, and placement outcomes, making comparison essential for informed decision-making.
Admissions to most top colleges are based on national-level exams like national entrance exams, while state and private colleges accept CETs and institute-level entrance exams.
Key Highlights
| Particulars | Data |
| Total Commerce Colleges in Madhya Pradesh | 104 |
| Government Colleges | 24 |
| Private Colleges | 79 |
| Popular Courses | Bachelor of Commerce (B.Com.), Master of Commerce (M.Com.), BCom Computer Applications, Bachelor of Commerce (B.Com. Hons.) |
| Top Exams Accepted | — |
| Average Fees | ₹3 K - ₹10.5 L |
| Average Placement (sample) | ₹2.5 L - ₹9.6 L |
| Top Recruiters | TCS, Wipro, Infosys, IBM |
Top Commerce Colleges in Madhya Pradesh 2026 (Rankings)
Commerce college rankings are based on parameters such as academic reputation, faculty quality, research output, placements, and infrastructure. Rankings from sources like NIRF, India Today, and The Week are widely used by students to shortlist top colleges.
Government vs Private Commerce Colleges in Madhya Pradesh
Commerce colleges in Madhya Pradesh are broadly divided into government and private institutions, with key differences in fees, placements, admission process, and ROI. Government colleges are generally more competitive with lower fees, while private colleges offer higher seat availability and modern infrastructure.
Top Government Commerce Colleges
Government institutes such as PMBGCC and Shri Cloth Market Girls Commerce College are known for high ROI, strong placements, and national-level competition.
| College | Total Courses | Popular Course |
| PMBGCC | 5 | Master of Commerce (M.Com.) |
| Shri Cloth Market Girls Commerce College | 9 | Ph.D. in Commerce |
Top Private Commerce Colleges
Top private colleges offer higher seat intake, industry-focused curriculum, and strong infrastructure.
| College | Total Courses | Popular Course |
| M.K. H.S. Gujarati Girls Commerce College | 6 | bachelor-of-business-administration-bba |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | 15 | BCom Computer Applications |
ROI Analysis
ROI is a key factor for most candidates, calculated based on fees vs placement outcomes.
| College | Popular Course |
| PMBGCC | Master of Commerce (M.Com.) |
| M.K. H.S. Gujarati Girls Commerce College | bachelor-of-business-administration-bba |
| Shri Cloth Market Girls Commerce College | Ph.D. in Commerce |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | BCom Computer Applications |
Government colleges offer higher ROI due to lower fees and strong placements, while private colleges provide better infrastructure, flexibility, and more seat availability.
From a decision-making perspective, candidates targeting top ranks and ROI should prioritise government colleges, while those looking for backup options and infrastructure can consider top private commerce institutes.
Govt and Private
| College | Popular Course |
| PMBGCC | Master of Commerce (M.Com.) |
| M.K. H.S. Gujarati Girls Commerce College | bachelor-of-business-administration-bba |
| Shri Cloth Market Girls Commerce College | Ph.D. in Commerce |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | BCom Computer Applications |
Popular Commerce Courses in Madhya Pradesh
Commerce colleges in Madhya Pradesh offer a wide range of specialisations, with demand driven by placement trends, industry requirements, and long-term career growth. Among these, certain branches consistently attract higher enrolment due to better salary outcomes and job opportunities.
Bachelor of Commerce (B.Com.)
- Average Salary (Top Colleges): ₹3.3 L - ₹7 L
- Top Recruiters: Wipro, CapGemini, Accenture, Cognizant
| Course | Duration | Fees | Colleges | Mode | Level |
| Bachelor of Commerce (B.Com.) | 3–4 Years | ₹11.9 K - ₹8.4 L | 24+ | Full-time | UG/PG |
Master of Commerce (M.Com.)
- Average Salary (Top Colleges): ₹2.5 L - ₹8.6 L
- Top Recruiters: CapGemini, Infosys, Wipro, Accenture
| Course | Duration | Fees | Colleges | Mode | Level |
| Master of Commerce (M.Com.) | 2–3 Years | ₹40 K - ₹5.4 L | 15+ | Full-time | UG/PG |
Bachelor of Commerce (B.Com. Hons.)
- Average Salary (Top Colleges): ₹2.6 L - ₹13.7 L
- Top Recruiters: Deloitte, Cognizant, Genpact, Wipro
| Course | Duration | Fees | Colleges | Mode | Level |
| Bachelor of Commerce (B.Com. Hons.) | 3–5 Years | ₹87.7 K - ₹8.1 L | 10+ | Full-time | UG/PG |
Commerce Admission Process in Madhya Pradesh 2026
Admission to commerce colleges in Madhya Pradesh follows a structured process based on entrance exams, result evaluation, and centralised or institute-level counselling. Candidates can apply through national, state, or college-level exams, depending on their target institutions and courses.
Counselling Process
After qualifying entrance exams, candidates must participate in counselling for seat allocation based on rank, preferences, and availability.
The counselling process includes choice filling, seat allotment, document verification, and final admission confirmation.
State-wise Commerce Colleges in India
India has 104 commerce colleges distributed across states like Madhya Pradesh, with a mix of government and private institutions. Top government colleges include PMBGCC and Shri Cloth Market Girls Commerce College, while leading private colleges include M.K. H.S. Gujarati Girls Commerce College and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science.
State-wise distribution helps candidates shortlist colleges based on location preference, fees, and admission through state-level exams like state-level exams.
Commerce Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| M.K. H.S. Gujarati Girls Commerce College | — | 6 Courses |
| PMBGCC | — | 5 Courses |
| Shri Cloth Market Girls Commerce College | — | 9 Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
City-wise Commerce Colleges in India
Top cities like Indore host a large number of commerce colleges, including both government and private institutions. Leading colleges include PMBGCC and Shri Cloth Market Girls Commerce College, along with private institutes like M.K. H.S. Gujarati Girls Commerce College and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science.
City-wise selection helps candidates choose colleges based on placement opportunities, industry exposure, and proximity to tech hubs.
Commerce Colleges in Indore
| College | Fees | Total Courses |
| M.K. H.S. Gujarati Girls Commerce College | — | 6 Courses |
| PMBGCC | — | 5 Courses |
| Shri Cloth Market Girls Commerce College | — | 9 Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
Course wise Commerce Colleges in India
Commerce colleges in India offer admissions across popular branches and emerging fields. PMBGCC and Shri Cloth Market Girls Commerce College lead in core and tech branches, while private colleges like M.K. H.S. Gujarati Girls Commerce College and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science offer a wide range of specialisations.
Course-wise selection helps candidates choose colleges based on branch preference, placement trends, and career opportunities.
Bachelor of Commerce (B.Com.) Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| M.K. H.S. Gujarati Girls Commerce College | — | 6 Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
| PMBGCC | — | 5 Courses |
| Shri Cloth Market Girls Commerce College | — | 9 Courses |
Master of Commerce (M.Com.) Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| M.K. H.S. Gujarati Girls Commerce College | — | 6 Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
| PMBGCC | — | 5 Courses |
| Shri Cloth Market Girls Commerce College | — | 9 Courses |
Bachelor of Commerce (B.Com. Hons.) Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
| PMBGCC | — | 5 Courses |
BCom Computer Applications Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
| Shri Cloth Market Girls Commerce College | — | 9 Courses |
B.Com. in Foreign Trade Colleges in Madhya Pradesh
| College | Fees | Total Courses |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | ₹68.7 K | 15 Courses |
Comparison of Top Commerce Colleges
Comparing top commerce colleges helps candidates evaluate options based on fees, placements, rankings, infrastructure, and ROI. Government colleges like IITs, NITs, and IIITs offer lower fees and higher ROI, while private colleges such as BITS, VIT, and SRM provide better infrastructure and higher seat availability.
A structured comparison allows candidates to shortlist colleges based on their budget, rank, preferred course, and career goals, ensuring better decision-making during admission.
Private vs Government Comparison
| Private | Government | |
| Total Colleges | 79 | 24 |
| Top Colleges | M.K. H.S. Gujarati Girls Commerce College and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | PMBGCC and Shri Cloth Market Girls Commerce College |
| College distribution % | 77% | 23% |
| Top Courses | B.Com and M.Com | B.Com and M.Com |
Top Colleges Comparison Table
| College | Type |
| PMBGCC | Government |
| Shri Cloth Market Girls Commerce College | Government |
| M.K. H.S. Gujarati Girls Commerce College | Private |
| Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science | Private |
Frequently Asked Questions (FAQ)
How many commerce colleges are there in Madhya Pradesh?
There are over 104 commerce colleges in Madhya Pradesh, including government, private, and deemed universities offering UG, PG, and doctoral programs.
Which are the top commerce colleges in Madhya Pradesh?
Top commerce colleges in Madhya Pradesh include PMBGCC, Shri Cloth Market Girls Commerce College, M.K. H.S. Gujarati Girls Commerce College, and Shri Jayatilal Hirachand Sanghvi Gujarati Innovative College of Commerce and Science, based on rankings, placements, and academic reputation.
What exams are required for admission to commerce colleges in Madhya Pradesh?
Admission is mainly through exams like popular entrance exams, along with other institute-specific and state-level entrance tests depending on the course and college.
What is the average fee for commerce colleges in Madhya Pradesh?
The fee range for commerce colleges in Madhya Pradesh is ₹3 K - ₹10.5 L.
Which commerce colleges have the best placements?
Colleges with strong industry connections, high placement rates, and better salary outcomes typically include top-ranked institutes and leading private universities in Madhya Pradesh.
Which is better: government or private commerce colleges?
Government colleges often offer lower fees and higher ROI, while private colleges may provide better infrastructure and more seat availability. The best choice depends on budget, location, and goals.
What is the admission process for commerce colleges in Madhya Pradesh?
The process generally includes application → entrance exam → result → counselling/selection → seat allotment → admission, depending on the exam and college.
How to choose the best commerce college in Madhya Pradesh?
Compare colleges by rankings, fees, placements, available courses, location, and the exams they accept to shortlist options that match your goals.
