MBA is offered at 326 colleges in Madhya Pradesh. These include 282 Private colleges, 34 Public colleges, Additionally, 225 of these colleges are approved by AICTE , 79 by UGC. Some of the best MBA Colleges in Madhya Pradesh include IIM Indore, IIFM Bhopal, IIITM Gwalior, PIMR, Jaipuria Institute of Management Indore. The course fees at top MBA colleges in Madhya Pradesh ranges between INR 7,795 to INR 20.63 Lakhs based on the college.
The most popular specializations for MBA includes General, Marketing, Finance, Human Resources Management, Operations Management. MBA Admission in Madhya Pradesh is primarily based on CMAT. However, the universities also accept MP Counselling, CAT, MAT, XAT.
Top MBA Colleges in Madhya Pradesh 2026 with Fees
Out of the total 326 colleges, the best MBA college in Madhya Pradesh is IIM Indore. It offers MBA as a full-time on-campus program with a total fee of INR 20.63 Lakhs.
- MBA college in Madhya Pradesh with lowest fee is Institute of Open and Distance Education, Barkatullah Vishwavidyalaya Bhopal. Candidates need to pay INR 7,795 for the entire course duration.
- IIM Indore has the highest fee for MBA. Candidates need to pay INR 20.63 Lakhs for the entire course duration.
You can check the top MBA colleges in Madhya Pradesh with fees in the table below.
| College Name | City | Course Fees (INR) |
|---|---|---|
| IIM Indore | Indore | 20.63 Lakhs |
| IIFM Bhopal | Bhopal | 12.1 Lakhs |
| IIITM Gwalior | Gwalior | - |
| PIMR | Indore | 3.18 Lakhs |
| Jaipuria Institute of Management Indore | Indore | 12.9 Lakhs |
| Prestige Institute of Management & Research Gwalior | Gwalior | 2.97 Lakhs |
| ITM University, School of Management Gwalior | Gwalior | 8.05 Lakhs |
| Amity University Gwalior | Gwalior | 7.44 Lakhs |
| Jagran Lake City Business School Bhopal | Bhopal | 4.35 Lakhs |
| Prestige Institute of Management and Research Dewas | Dewas | 1.6 Lakhs |
Table of Content
- Top MBA Colleges in Madhya Pradesh based on Rankings 2026
- Top MBA Colleges in Madhya Pradesh 2026 City-wise
- Top MBA Government Colleges in Madhya Pradesh 2026
- Top MBA Private Colleges in Madhya Pradesh 2026
- NAAC Accredited Top MBA Colleges in Madhya Pradesh
- Top MBA Colleges in Madhya Pradesh based on Student Reviews
- Top MBA Colleges in Madhya Pradesh with Low Fees 2026
- Top MBA Colleges in Madhya Pradesh: Admission 2026
- Top Specialisations offered by MBA Colleges in Madhya Pradesh 2026
Top MBA Colleges in Madhya Pradesh based on Rankings 2026
IIM Indore ranks 8 as per the latest NIRF ranking 2026. Here’s the list of top 10 MBA Colleges in indore as per their rankings by IIRF, Outlook, Financial Times, The Times of India and Collegedunia.
| College | Ranking |
|---|---|
| IIM Indore Ranking |
5 out of 25 in India in 2026 (Outlook)
69 out of 100 in International in 2026 (Financial Times)
5 out of 100 in India in 2026 (IIRF)
|
| IIFM Bhopal Ranking |
45 out of 100 in India in 2026 (IIRF)
116 out of 371 in India in 2026 (Collegedunia.com)
43 out of 46 in India in 2024 (IIRF)
|
| IIITM Gwalior Ranking |
23 out of 25 in India in 2026 (Outlook)
18 out of 100 in India in 2026 (IIRF)
130 out of 371 in India in 2026 (Collegedunia.com)
|
| PIMR Ranking |
34 out of 200 in India in 2026 (Outlook)
19 out of 100 in India in 2026 (The Times Of India)
52 out of 122 in India in 2026 (IIRF)
|
| Jaipuria Institute of Management Indore Ranking |
189 out of 371 in India in 2026 (Collegedunia.com)
101 out of 125 in India in 2026 (NIRF)
101 out of 125 in India in 2024 (NIRF)
|
| Prestige Institute of Management & Research Gwalior Ranking |
52 out of 200 in India in 2026 (Outlook)
89 out of 100 in India in 2026 (The Times Of India)
193 out of 371 in India in 2026 (Collegedunia.com)
|
| ITM University, School of Management Gwalior Ranking |
213 out of 371 in India in 2026 (Collegedunia.com)
57 out of 200 in India in 2024 (Outlook)
87 out of 110 in India in 2024 (IIRF)
|
| Amity University Gwalior Ranking |
64 out of 100 in India in 2026 (The Times Of India)
215 out of 371 in India in 2026 (Collegedunia.com)
118 out of 275 in India in 2024 (India Today)
|
| Jagran Lake City Business School Bhopal Ranking |
316 out of 371 in India in 2026 (Collegedunia.com)
119 out of 200 in India in 2024 (Outlook)
219 out of 275 in India in 2024 (India Today)
|
| Prestige Institute of Management and Research Dewas Ranking |
94 out of 200 in India in 2026 (Outlook)
321 out of 371 in India in 2026 (Collegedunia.com)
100 out of 200 in India in 2024 (Outlook)
|
Also Check:
- Top MBA Colleges in Madhya Pradesh Based on Indiatoday Ranking
- Top MBA Colleges in Madhya Pradesh Based on Collegedunia Ranking
- Top MBA Colleges in Madhya Pradesh Based on IIRF Ranking
Top MBA Colleges in Madhya Pradesh 2026 City-wise
Bhopal, Indore, Gwalior, Jabalpur, Sagar, are the most preferred cities among students looking for MBA colleges in Madhya Pradesh due to their top universities/ colleges. In the section below, candidates can check top MBA colleges in Madhya Pradesh city-wise.
| City | Number of Colleges | College List |
|---|---|---|
| Bhopal | 113 | MBA Colleges in Bhopal |
| Indore | 103 | MBA Colleges in Indore |
| Gwalior | 32 | MBA Colleges in Gwalior |
| Jabalpur | 19 | MBA Colleges in Jabalpur |
| Sagar | 8 | MBA Colleges in Sagar |
Top MBA Colleges in Bhopal 2026
The best MBA college in Bhopal is IIFM Bhopal. Candidates need to pay INR 12.1 Lakhs for the entire course duration.
| College Name | Locality | Course Fees (INR) |
|---|---|---|
| IIFM Bhopal | Post Box No. 357, Nehru Nagar, | 12.1 Lakhs |
| Jagran Lake City Business School Bhopal | Ratibad | 4.35 Lakhs |
| Prestige Institute of Management & Research Bhopal | Kasturba Nagar, (Near Chetak Bridge) | 1.8 Lakhs |
| LNCT Bhopal | Kalchuri Nagar, Raisen Road | 80,000 |
| SISTec School of Management Studies Sagar Group of Institutions Bhopal | Near International Airport, Jaipur Road, Gandhi Nagar, | 1.28 Lakhs |
Top MBA Colleges in Indore 2026
The best MBA college in Indore is IIM Indore. Candidates need to pay INR 20.63 Lakhs for the entire course duration.
| College Name | Locality | Course Fees (INR) |
|---|---|---|
| IIM Indore | Prabandh Shikhar, Rau- Pithampur Road, | 20.63 Lakhs |
| PIMR | 2, Education & Health Sector, Scheme 54, | 3.18 Lakhs |
| Jaipuria Institute of Management Indore | Manglia | 12.9 Lakhs |
| Sagar Institute of Research & Technology Indore | Ayodhya Bypass Road | 10 Lakhs |
| Acropolis Faculty of Management and Research Indore | Bypass Rd, Mangliya Square, Manglia | 1.1 Lakhs |
Top MBA Colleges in Gwalior 2026
The best MBA college in Gwalior is IIITM Gwalior.
| College Name | Locality | Course Fees (INR) |
|---|---|---|
| IIITM Gwalior | Morena Link Road | - |
| Prestige Institute of Management & Research Gwalior | Opposite Deendayal Nagar | 2.97 Lakhs |
| ITM University, School of Management Gwalior | I.T.M. Universe Campus, Opp. Sithouli Railway Station, NH-75 Sithouli, Jhansi Road, | 8.05 Lakhs |
| Amity University Gwalior | Maharajpura (Opposite Airport) | 7.44 Lakhs |
| ShriRam Group of Colleges Gwalior | National Expressway, Opp : Narrow Gauge Railway Station, Banmore, Near | 91,200 |
Top MBA Colleges in Jabalpur 2026
The best MBA college in Jabalpur is Xavier Institute of Management Jabalpur. Candidates need to pay INR 1.34 Lakhs for the entire course duration.
| College Name | Locality | Course Fees (INR) |
|---|---|---|
| Xavier Institute of Management Jabalpur | XIDAS, 4th Mile, Mandla Road, Tilhari, | 1.34 Lakhs |
| Shri Ram Institute of Management Jabalpur | Room G-35, B- Block, Ground Floor | 83,200 |
| Gyan Ganga Institute of Technology and Sciences Jabalpur | P.O. Tilwara Ghat, Near Bargi Hills, | 1.4 Lakhs |
| RDVV | Saraswati Vihar, Pachpedi, | 40,000 |
| GGCT | P.O. Tilwara Ghat, Near Bargi Hills | 1.1 Lakhs |
Top MBA Colleges in Sagar 2026
The best MBA college in Sagar is Dr. Hari singh Gour University Sagar. Candidates need to pay INR 1.19 Lakhs for the entire course duration.
| College Name | Locality | Course Fees (INR) |
|---|---|---|
| Dr. Hari singh Gour University Sagar | Sagar | 1.19 Lakhs |
| SWAMI Vivekanand University Sagar | NH 26, Narsinghpur Road, Sironja | 80,000 |
| BTIRT | NH-26 Narshinghpur Road Sironja | 95,600 |
| Infinity Management and Engineering College Sagar | Patharia Jat University Road | 91,200 |
| S.S.H.C. Jain Institute Of Management and Research Sagar | Nh 26 Narsingh Road | 91,200 |
Top MBA Government Colleges in Madhya Pradesh 2026
There are over 34 MBA government colleges in Madhya Pradesh. The MBA fees at government colleges is usually lower than private institutions. Some of the top MBA government colleges in Madhya Pradesh include IIM Indore, IIFM Bhopal, IIITM Gwalior, . Below are some of the top MBA government colleges in Madhya Pradesh with their average fees.
| College Name | City | Course Fees (INR) | Admission 2026 |
|---|---|---|---|
| IIM Indore | Indore | 20.63 Lakhs | IIM Indore Admission 2026 |
| IIFM Bhopal | Bhopal | 12.1 Lakhs | IIFM Bhopal Admission 2026 |
| IIITM Gwalior | Gwalior | - | IIITM Gwalior Admission 2026 |
| IIPS Indore | Indore | 1.37 Lakhs | IIPS Indore Admission 2026 |
| SATI Vidisha | Vidisha | 1.55 Lakhs | SATI Vidisha Admission 2026 |
| RGPV | Bhopal | 1.46 Lakhs | RGPV Admission 2026 |
| MITS Gwalior | Gwalior | 3.83 Lakhs | MITS Gwalior Admission 2026 |
| BU Bhopal | Bhopal | 76,450 | BU Bhopal Admission 2026 |
| RDVV | Jabalpur | 40,000 | RDVV Admission 2026 |
| SGSITS | Indore | 2.43 Lakhs | SGSITS Admission 2026 |
Top MBA Private Colleges in Madhya Pradesh 2026
There are over 282 MBA private colleges in Madhya Pradesh. Some of the top MBA private colleges in Madhya Pradesh include PIMR, Jaipuria Institute of Management Indore, Prestige Institute of Management & Research Gwalior, . Below are some of the top MBA private colleges in Madhya Pradesh with their average fees.
| College Name | City | Course Fees (INR) | Admission 2026 |
|---|---|---|---|
| PIMR | Indore | 3.18 Lakhs | PIMR Admission 2026 |
| Jaipuria Institute of Management Indore | Indore | 12.9 Lakhs | Jaipuria Institute of Management Indore Admission 2026 |
| Prestige Institute of Management & Research Gwalior | Gwalior | 2.97 Lakhs | Prestige Institute of Management & Research Gwalior Admission 2026 |
| ITM University, School of Management Gwalior | Gwalior | 8.05 Lakhs | ITM University, School of Management Gwalior Admission 2026 |
| Amity University Gwalior | Gwalior | 7.44 Lakhs | Amity University Gwalior Admission 2026 |
| Jagran Lake City Business School Bhopal | Bhopal | 4.35 Lakhs | Jagran Lake City Business School Bhopal Admission 2026 |
| Prestige Institute of Management and Research Dewas | Dewas | 1.6 Lakhs | Prestige Institute of Management and Research Dewas Admission 2026 |
| Sagar Institute of Research & Technology Indore | Indore | 10 Lakhs | - |
| Prestige Institute of Management & Research Bhopal | Bhopal | 1.8 Lakhs | Prestige Institute of Management & Research Bhopal Admission 2026 |
| LNCT Bhopal | Bhopal | 80,000 | LNCT Bhopal Admission 2026 |
NAAC Accredited Top MBA Colleges in Madhya Pradesh
NAAC (National Assessment and Accreditation Council) uses a letter-based grading system namely, A++, A+, A, B++, B+, B, and C to categorize institutions based on their performance. The accreditation signals the quality and standards of an institution helping students make informed decisions while looking for MBA admissions in Madhya Pradesh.
The table below lists top MBA Colleges in Madhya Pradesh with NAAC grades:
| College Name | NAAC Grade |
|---|---|
| IPS Academy Indore | A++ |
| Alpine Institute of Technology Ujjain | A++ |
| MITS Gwalior | A++ |
| PIMR | A++ |
| Jai Narain College of Technology Bhopal | A++ |
| Jiwaji University Gwalior | A++ |
| LNIPE | A++ |
| IBMR Indore | A++ |
| SSSUTMS | A++ |
| School of Studies in Distance Education, Jiwaji University Gwalior | A++ |
Top MBA Colleges in Madhya Pradesh based on Student Reviews
Collegedunia is a platform with over 4 lakhs organic student reviews. Candidates can check the best MBA Colleges in Madhya Pradesh based on the ratings given by students.
Top MBA Colleges in Madhya Pradesh based on Student Review Count
| College Name | Student Review Rating |
|---|---|
| PIMR | 8.12/10 (Based on 75 Reviews) |
| IIM Indore | 8.65/10 (Based on 61 Reviews) |
| IMS Indore | 7.9/10 (Based on 39 Reviews) |
| IPS Academy Indore | 7.74/10 (Based on 37 Reviews) |
| Vikrant University Gwalior | 8.19/10 (Based on 36 Reviews) |
| Prestige Institute of Management & Research Gwalior | 8.52/10 (Based on 33 Reviews) |
| Vikrant Group of Institutions Indore | 9.12/10 (Based on 33 Reviews) |
| Jaipuria Institute of Management Indore | 8.48/10 (Based on 32 Reviews) |
| MEDICAPS University | 8.11/10 (Based on 32 Reviews) |
| Shri Vaishnav Institute of Management and Science Indore | 8.21/10 (Based on 32 Reviews) |
Top MBA Colleges in Madhya Pradesh based on Student Review Rating
| College Name | Student Review Rating |
|---|---|
| BSSS | 10/10 (Based on 1 Reviews) |
| Radharaman Institute of Technology & Science Bhopal | 10/10 (Based on 1 Reviews) |
| SISTec School of Management Studies Sagar Group of Institutions Bhopal | 10/10 (Based on 1 Reviews) |
| BGIEM Jabalpur | 10/10 (Based on 2 Reviews) |
| SAGE University Campus powered by Sunstone Indore | 9.86/10 (Based on 2 Reviews) |
| Bansal Institute of Research & Technology Bhopal | 9.75/10 (Based on 2 Reviews) |
| Arihant Institute Of Management & Technology Indore | 9.71/10 (Based on 1 Reviews) |
| Amity Global Business School Indore | 9.71/10 (Based on 9 Reviews) |
| AKS University Satna | 9.6/10 (Based on 1 Reviews) |
| LNCT University Bhopal | 9.6/10 (Based on 4 Reviews) |
Top MBA Colleges in Madhya Pradesh with Low Fees 2026
Several MBA colleges in Madhya Pradesh offer admissions with relatively low fees. These institutes include Institute of Open and Distance Education, Barkatullah Vishwavidyalaya Bhopal, Indore School of Social Work, IGNTU, .
- The course fee at Institute of Open and Distance Education, Barkatullah Vishwavidyalaya Bhopal is INR 7,795 for the entire course duration.
- The course fee at Indore School of Social Work is INR 14,500.
Check the list of MBA colleges in Madhya Pradesh with Low Fees
| College Name | City | Course Fees (INR) |
|---|---|---|
| Institute of Open and Distance Education, Barkatullah Vishwavidyalaya Bhopal | Bhopal | 7,795 |
| Indore School of Social Work | Indore | 14,500 |
| IGNTU | Anuppur | 15,400 |
| ShaShib College of Science & Management Bhopal | Bhopal | 16,000 |
| Bhoj University | Bhopal | 18,000 |
| School of Studies in Distance Education, Jiwaji University Gwalior | Gwalior | 5,000 |
| MCBU | Chhatarpur | 30,400 |
| Lakshmi Narain College of Technology Jabalpur | Jabalpur | 39,000 |
| Vaishnavi Institute of Technology and Science Bhopal | Bhopal | 39,000 |
| RDVV | Jabalpur | 40,000 |
Top MBA Colleges in Madhya Pradesh Admission 2026
Most MBA colleges in Madhya Pradesh accept CMAT for admissions. Other popular exams/ counselling conducted for MBA admission 2026 include MP Counselling, CAT, MAT, XAT. The following tables show the number of colleges accepting the exam/ counselling for admission.
| Exam Name | Number of Colleges | Dates | College List |
|---|---|---|---|
| CMAT | 102 | - | College List |
| MP Counselling | 98 | - | College List |
| CAT | 49 |
Registration (1 August - 13 Sep 2026)
|
College List |
| MAT | 33 | - | College List |
| XAT | 19 |
Registration (10 July - 5 Dec 2026)
|
College List |
Top MBA Colleges in Madhya Pradesh accepting CMAT 2026
| College Name | City | Course Fees (INR) | Cutoff |
|---|---|---|---|
| PIMR | Indore | 3.18 Lakhs | PIMR Cutoff 2026 |
| Jaipuria Institute of Management Indore | Indore | 12.9 Lakhs | - |
| Prestige Institute of Management & Research Gwalior | Gwalior | 2.97 Lakhs | Prestige Institute of Management & Research Gwalior Cutoff 2026 |
| Sagar Institute of Research & Technology Indore | Indore | 10 Lakhs | - |
| Acropolis Faculty of Management and Research Indore | Indore | 1.1 Lakhs | Acropolis Faculty of Management and Research Indore Cutoff 2026 |
Top MBA Colleges in Madhya Pradesh accepting MP Counselling 2026
| College Name | City | Course Fees (INR) | Cutoff |
|---|---|---|---|
| PIMR | Indore | 3.18 Lakhs | PIMR Cutoff 2026 |
| Prestige Institute of Management & Research Gwalior | Gwalior | 2.97 Lakhs | Prestige Institute of Management & Research Gwalior Cutoff 2026 |
| Acropolis Faculty of Management and Research Indore | Indore | 1.1 Lakhs | Acropolis Faculty of Management and Research Indore Cutoff 2026 |
| Govindram Seksaria Institute of Management & Research Indore | Indore | 1.57 Lakhs | - |
| IMS Indore | Indore | 1.98 Lakhs | IMS Indore Cutoff 2026 |
Top Specialisations offered by MBA Colleges in Madhya Pradesh 2026
MBA General is the most preferred field of study by students looking for MBA Colleges in Madhya Pradesh. Over 225 colleges offer MBA General in Madhya Pradesh. Some of the other popular fields in MBA opted by students include: Marketing, Finance, Human Resources Management, Operations Management,
| Specialization | Count of Colleges | College List |
|---|---|---|
| General | 225 | Check Here |
| Marketing | 156 | Check Here |
| Finance | 151 | Check Here |
| Human Resources Management | 137 | Check Here |
| Operations Management | 63 | Check Here |
Top MBA General Colleges in Madhya Pradesh
| College Name | City | Course Fees (INR) |
|---|---|---|
| IIM Indore | Indore | 20.63 Lakhs |
| IIFM Bhopal | Bhopal | 12.1 Lakhs |
| PIMR | Indore | 3.18 Lakhs |
| Jaipuria Institute of Management Indore | Indore | 12.9 Lakhs |
| Prestige Institute of Management & Research Gwalior | Gwalior | 2.97 Lakhs |
Top MBA Marketing Colleges in Madhya Pradesh
| College Name | City | Course Fees (INR) |
|---|---|---|
| IIITM Gwalior | Gwalior | - |
| PIMR | Indore | 3.18 Lakhs |
| Jagran Lake City Business School Bhopal | Bhopal | 4.35 Lakhs |
| Prestige Institute of Management and Research Dewas | Dewas | 1.6 Lakhs |
| Sagar Institute of Research & Technology Indore | Indore | 10 Lakhs |
Top MBA Finance Colleges in Madhya Pradesh
| College Name | City | Course Fees (INR) |
|---|---|---|
| IIITM Gwalior | Gwalior | - |
| PIMR | Indore | 3.18 Lakhs |
| Jagran Lake City Business School Bhopal | Bhopal | 4.35 Lakhs |
| Prestige Institute of Management and Research Dewas | Dewas | 1.6 Lakhs |
| Sagar Institute of Research & Technology Indore | Indore | 10 Lakhs |
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