Looking for the top MBA/PGDM colleges in Madhya Pradesh in 2025? Madhya Pradesh has over 27+ mba/pgdm colleges. Top government institutes include IIM Indore, IIFM Bhopal, Institute of Management Studies,Indore, RDVV Jabalpur , and leading private universities are IPS Academy, Prestige College Indore, JLU Bhopal, Shri Vaishnav Institute of Management, Idyllic Institute of Management . These colleges offer MBA/PGDM, Master of Business Administration and other mba/pgdm programs. Admissions to these colleges are primarily conducted through exams such as CAT , XAT , NMAT , GMAT , ATMA .
When selecting the best mba/pgdm colleges in Madhya Pradesh, students should consider factors such as NIRF rankings, placement records, return on investment (ROI), location, faculty, and specializations. This guide highlights the top-ranked mba/pgdm colleges in Madhya Pradesh 2025 providing all key details on fees, placements, and entrance exams to help students make an informed choice.
Top MBA/PGDM Colleges in Madhya Pradesh 2025: Key Highlights
| Metric | Details |
| Total Colleges in Madhya Pradesh | 27+ |
| Top Exams Accepted | CAT , XAT , NMAT , GMAT , ATMA |
| Ownership | ~83% Private, ~17% Government |
| Top Recruiters | HDFC Bank, Axis Bank, Deloitte, Kotak Mahindra Bank, KPMG |
| Average Fees | ₹ 39.0 K - ₹ 21.16 L |
| Average Placement | ₹ 3.00 L - ₹ 29.60 L |
Top MBA/PGDM Colleges in Madhya Pradesh by Rankings 2025
The NIRF 2025 is the most trusted ranking for mba/pgdm colleges in India, evaluating institutes on teaching, research, graduation outcomes, outreach, and perception. Below are the top 10 mba/pgdm colleges in Madhya Pradesh 2025 as per NIRF.
| College | 2025 | 2024 | 2023 |
| IIM Indore | 8 | 8 | 8 |
| Prestige College Indore | - | - | 101 |
Government vs Private MBA/PGDM Colleges in Madhya Pradesh 2025
MBA/PGDM aspirants in Madhya Pradesh can choose between government-funded institutes known for their affordability and high ROI, and private universities that offer modern infrastructure, global exposure, and multiple entrance options. The comparison below will help you determine which path best aligns with your academic and career goals.
Top Government MBA/PGDM Colleges in Madhya Pradesh 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| IIM Indore | ₹ 17.14 L - ₹ 21.16 L | CAT, GMAT | ₹ 25.00 L - ₹ 29.60 L | ₹ 26.10 L - ₹ 28.40 L | ₹ 40.00 L - ₹ 70.00 L |
| IIFM Bhopal | ₹ 11.80 L | CAT, XAT, CMAT | ₹ 9.70 L - ₹ 10.40 L | ₹ 9.90 L - ₹ 10.10 L | ₹ 18.50 L - ₹ 20.50 L |
| Institute of Management Studies,Indore | ₹ 1.98 L - ₹ 2.02 L | - | ₹ 6.20 L - ₹ 6.30 L | ₹ 6.20 L | ₹ 18.50 L - ₹ 1.13 Cr |
| RDVV Jabalpur | - | CAT, CMAT | - | - | - |
Top Private MBA/PGDM Colleges in Madhya Pradesh 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| IPS Academy | ₹ 2.30 L | CMAT | ₹ 7.40 L | ₹ 7.40 L | ₹ 21.80 L |
| Prestige College Indore | ₹ 1.59 L | CAT, XAT, CMAT | - | - | - |
| JLU Bhopal | ₹ 5.35 L - ₹ 6.35 L | - | - | - | - |
| Shri Vaishnav Institute of Management | ₹ 1.20 L - ₹ 4.00 L | CMAT | ₹ 3.50 L | ₹ 3.50 L | ₹ 7.50 L |
| Idyllic Institute of Management | ₹ 3.18 L - ₹ 3.22 L | - | - | - | - |
Top Trending Courses in MBA/PGDM 2025
MBA/PGDM in Madhya Pradesh offers a wide range of courses to match industry demand and student interest. The most popular fields include Post Graduate Diploma in Management , MBA in Financial Management , Master of Business Administration (MBA) (Part Time) . The table below highlights the top courses, their leading colleges, entrance exams, average fees, and placement packages.
| Course | Top Colleges | Entrance Exams | Average Fees (Total) | Average Package |
| Post Graduate Diploma in Management | CH Institute of Management and Commerce (CHIMC) | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.0 K - ₹ 19.40 L | ₹ 2.80 L - ₹ 8.00 L |
| MBA in Financial Management | GSIMR | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.0 K - ₹ 14.38 L | ₹ 6.00 L - ₹ 37.00 L |
| Master of Business Administration (MBA) (Part Time) | Shri Vaishnav Institute of Management, RDVV Jabalpur | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.5 K - ₹ 16.02 L | ₹ 4.50 L - ₹ 7.80 L |
| Executive MBA | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.2 K - ₹ 24.54 L | ₹ 4.00 L - ₹ 7.90 L |
| Post Graduate Program in Management (PGPM) | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 49.9 K - ₹ 22.65 L | ₹ 5.20 L - ₹ 17.80 L |
| MBA in Agri. Business Management | Swami Vivekanand University Sagar | CAT, XAT, NMAT, GMAT, CMAT | ₹ 10.0 K - ₹ 17.23 L | ₹ 3.50 L - ₹ 12.60 L |
| Masters of Business Administration (MBA) | Vindhya Institute of Management and Research | CAT, XAT, NMAT, GMAT, CMAT | ₹ 39.0 K - ₹ 12.03 L | ₹ 2.98 L - ₹ 9.25 L |
| Master of Business Administration(MBA) | RDVV Jabalpur | CAT, XAT, NMAT, GMAT, CMAT | ₹ 44.4 K - ₹ 14.38 L | ₹ 4.30 L - ₹ 8.75 L |
| MBA in Aviation Management | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 1.80 L - ₹ 10.03 L | ₹ 4.80 L - ₹ 6.50 L |
| Master of Business Administration | - | CAT, XAT, NMAT, GMAT, CMAT | ₹ 70.0 K - ₹ 6.00 L | ₹ 3.60 L - ₹ 13.34 L |
Entrance Exams Accepted by Top MBA/PGDM Colleges in Madhya Pradesh 2025
Admission to the top MBA/PGDM colleges in Madhya Pradesh is primarily determined through national, institute-level, and state-level entrance exams.
| Exam | Top Accepting Colleges | Exam Date (2025) |
| CAT | IIM Indore, IIFM Bhopal, Prestige College Indore | 30 Nov 2025 |
| XAT | IIFM Bhopal, Prestige College Indore, BSSS Institute of Advanced Studies | 4 Jan 2026 |
| NMAT | BSSS Institute of Advanced Studies, Prestige University | 5 Nov 2025 - 23 Dec 2025 |
| GMAT | IIM Indore | - |
| CMAT | IPS Academy, IIFM Bhopal, Prestige College Indore | 25 Jan 2026 |
| ATMA | BSSS Institute of Advanced Studies, LBSITM, SIMS | - |
| SNAP | BSSS Institute of Advanced Studies, Symbiosis University of Applied Sciences, CH Institute of Management and Commerce (CHIMC) | - |
State-wise & City-wise Top MBA/PGDM Colleges in Madhya Pradesh 2025
MBA/PGDM education in Madhya Pradesh varies by state and city, with some regions offering better institutions, private universities, and placement opportunities. Use the list below to explore the top MBA/PGDM colleges by state and city.
Top Cities for MBA/PGDM Colleges in Madhya Pradesh 2025
Top MBA/PGDM Colleges in Indore
| College | Ownership | Entrance Exams |
| GSIMR | Other | CMAT |
| IPS Academy | Private | CMAT |
| Prestige College Indore | Private | CAT, XAT, CMAT |
| IIM Indore | Autonomous Institute | CAT, GMAT |
| Shri Vaishnav Institute of Management | Private | CMAT |
Top MBA/PGDM Colleges in Bhopal
| College | Ownership | Entrance Exams |
| IIFM Bhopal | Public/Government | CAT, XAT, CMAT |
| LNCT | Private | CMAT |
| Mittal Institute Of Technology | Private | CMAT |
| BSSS Institute of Advanced Studies | Other | CAT, XAT, NMAT |
| JLU Bhopal | Private | - |
Top MBA/PGDM Colleges in Gwalior
| College | Ownership | Entrance Exams |
| Jain College | Private | CMAT |
| Nagaji Institute of Technology and Management | Private | CMAT |
| School of Distance Education | Public/Government | - |
| DIGI | Private | CMAT |
| Indian Institute of Tourism and Travel Management (Gwalior) | Private | CAT, XAT |
Top MBA/PGDM Colleges in Jabalpur
| College | Ownership | Entrance Exams |
| Shri Ram Institute of Management | Public-Private | CMAT |
| XIDAS | Private | CAT, XAT, CMAT |
| Xavier Institute of Management Jabalpur | Other | - |
| Takshshila Institute of Engineering and Technology | Private | CAT, CMAT |
Top MBA/PGDM Colleges in Madhya Pradesh - Other
| College | Ownership | Entrance Exams |
| AKS University | Private | - |
| RDVV Jabalpur | Public/Government | CAT, CMAT |
FAQ About MBA/PGDM Colleges in Madhya Pradesh 2025
Which is the No.1 mba/pgdm college in Madhya Pradesh?
According to NIRF 2025, the No.1 mba/pgdm college in Madhya Pradesh is IIM Indore , followed by IIFM Bhopal and Institute of Management Studies,Indore .
Which entrance exam is required for mba/pgdm?
For admission to top mba/pgdm colleges in Madhya Pradesh, students primarily need to appear for CAT , XAT , NMAT , GMAT and ATMA .
What is the average mba/pgdm fee in Madhya Pradesh?
The average fees range from ₹ 39.0 K - ₹ 21.16 L per year. Government colleges typically charge ₹ 17.14 L - ₹ 21.16 L per year, while private colleges may charge ₹ 2.30 L per year.
Which private mba/pgdm college has the best placements?
Among private institutions, IPS Academy and Prestige College Indore and JLU Bhopal have the strongest placement records.