Top MBA Colleges in Bhopal

Top MBA Colleges in Bhopal

There are various MBA/PGDM colleges located in Bhopal. Out of the total MBA colleges in Bhopal, around 90% of colleges are owned by private organizations while only 7% are funded by the government. About 2% of the remaining MBA colleges in Bhopal receive funding from both governments as well as endowments, along with other private sources.

Why chose Bhopal as an MBA destination?

Bhopal, the capital of Madhya Pradesh, is one of the fastest growing cities of India with political, economic, educational, and tourism importance. Bhopal is the perfect combination of old-world charm, natural beauty with its beautiful lakes, and a modern lifestyle. The city is well connected with the country and with the rest of the world, with great intercity transport facilities and an international airport.

Named the education hub of Central India, the city of Bhopal is fast becoming a priority for students and professionals. There are many top MBA colleges and corporate companies in the city. An added advantage of this great city is the affordable cost of living for which students do not have to worry much about expenses.

An MBA or Masters of Business Administration and PGDM or Postgraduate Diploma in Management is one of the most popular postgraduate programs in Bhopal. The two-year program is the gateway to many managerial level job opportunities such as finance manager, sales manager, marketing manager, etc. This course curriculum is designed to provide knowledge related to the conduct of a business and the management of business operations. Students of all streams including Science, Arts, and Commerce can pursue MBA/PGDM degree courses. Apart from the full-time mode, candidates can pursue courses offered as Online MBA, Executive MBA, Distance MBA, PGDM/ Part-time MBA, etc.

Eligibility Criteria of MBA / PGDM Colleges in Bhopal:

The eligibility criteria for a full-time MBA/PGDM degree course may differ from college to college. However, the basic eligibility criteria for pursuing an MBA degree are as follows:

Qualifying Exam/Degree: Candidates having Graduation Level Education from a recognized University/Institute are eligible for the course. The discipline/section under MBA eligibility criteria is not limited to; All stream candidates who can do an MBA/PGDM.

Minimum Score Requirement: Some institutes may have the eligibility criteria of minimum score criteria. Many institutes consider the candidate as eligible who has secured a minimum of 50% (UR category) or 45% (Reserved category).

Work Experience: This is not a requirement for most institutions, however, previous work experience will provide brownie points during the MBA selection process.

MBA/PGDM Eligibility Criteria for Admission

A student having a bachelor’s degree with any stream with a recognized university and board from any background, i.e. graduate from any stream, is eligible to pursue MBA. However, the candidate must be a graduate of any recognized university with a minimum of 50% marks (for General and OBC category) and at least 45% marks for Physically Handicapped students and SC/ST category.

MBA/PGDM entrance exam

An MBA/PGDM professional is expected to possess qualities such as communication skills, leadership, problem-solving, critical thinking, etc. MBA colleges in Bhopal accept national, state, and university level entrance exams like CAT, CMAT, ATMA, MAT, AJEE. XAT, etc.

In order to be shortlisted for admission to MBA/PGDM programs in top business schools, candidates are expected to appear for the MBA/PGDM entrance exam. The entrance test marks are the shortlisting criteria for admission by various institutes. Some of the top MBA entrance exams that determine the admission of a candidate are

MAT (Management Aptitude Test)

CAT (Common Admission Test),

CMAT (Common Management Admission Test),

XAT (Xavier Aptitude Test)

ATMA (AIMS Test for Management Admissions) etc.

Some universities admit students on the basis of marks in examinations conducted on their own. Some institutions have a group discussion round or interview to judge the students on the basis of their knowledge and proficiency.

Specialization in MBA/PGDM

During the initial phase of the MBA/PGDM program, the main focus remains on completing core courses to build a strong foundation of basic concepts based on management disciplines. The latter part of the MBA/PGDM program allows the candidates to choose a particular area of ​​specialization such as marketing, HR, finance, etc. The list of most popular MBA specializations that will strike a candidate’s mind is as follows-

Finance- This specialization is very important and allows the candidate to manage some of the highly responsible departments and their functions like asset management, corporate banking, corporate finance, credit risk management, etc.

Marketing- This department acts as the backbone of any organization and brings business to them. Some of the posts in this department are- Marketing Manager, Product Manager, Media Planner, Market Research Analyst, etc.

Human Resources (HR) – MBA in Human Resources is the right choice for candidates with attractive personalities and good communication skills. With an MBA in HR, one can build a good profile for themselves as a team leader and gradually increase their career path.

Some of the other specializations commonly chosen for MBA/PGDM are

  • International Business (IB),
  • Operations Management,
  • Information Technology (IT),
  • Markwting
  • Supply Chain Management,
  • Rural Management. ETC

Some of the common jobs for which an MBA/PGDM

An MBA or Master of Business Administration is a professional degree that covers various areas of business administration. It covers areas such as accounting, human resources, finance, business ethics, marketing, and entrepreneurship in the manner most relevant to management analysis and strategy. Most MBA/PGDM programs include elective courses and concentrations for further study in a particular area, such as HR, Finance, Accounting, IB, and Marketing. Business schools around the world offer programs that are full-time, part-time, executive, and distance learning, with specialized concentrations.

MBA prepares candidates for a wide variety of careers. According to a survey, 64% of MBA graduates used their MBA/PGDM to change careers in the year 2023.

Some of the common jobs for which an MBA/PGDM prepares one are –

Business Analyst or Strategist

· Market Research Analyst

· Investment banker

· Entrepreneur

Marketing analyst or manager

· Portfolio manager

List of Top 10 MBA/PGDM Colleges in Bhopal

Considering how popular an MBA/PGDM course is, it is imperative for a student to take admission to top MBA colleges and business schools to ensure a bright future. Here is a list of the top 10 MBA/PGDM colleges in Bhopal-

People’s Institute of Management and Research (PIMR)

PIMR is one of the private universities in Bhopal with one of the fastest-growing MBA/PGDM colleges in India today. It boasts world-class academic standards, infrastructure, strong industry linkages, and an excellent placement record. It admits students for MBA on the basis of their marks in entrance exams like CAT, MAT, XAT, and CMAT. The average fee structure for the MBA/PGDM program at PIMR is 1.4 lakhs. Upcoming companies include Bajaj, Kotak, ICICI, Bharti, etc.

Laxmi Narayan College of Technology (LNCT)

 LNCT is a 50+ acres institution with a lush green campus to facilitate study in a serene environment. The quality of education is enhanced by state-of-the-art infrastructure and is shown in excellent academic results and placement records. The college admits students who have graduated with at least 50% marks and have good CAT scores. The average fee for MBA/PGDM program is up to 1.20 lakhs. Some of the top recruiters in this college are Amazon, Ashok Leyland, and Cognizant.

Institute of Vocational Education and Research (IPER)

 IPER is a private institution that provides a rich learning environment on a truly global scale. The institute accepts the candidates on the basis of their CAT scores. The average fee structure of the MBA/PGDM program in this college is around 2 lakhs. This college has an excellent placement record with placements provided by companies like Tommy Hilfiger, HDFC, Nestle, and others.

Bansal Institute of Science and Technology (BIST)

 BIST is a private-public institution affiliated with Rajiv Gandhi Technical University, Bhopal, and has many facilities and great infrastructure. It admits students who have graduated with at least 50% marks. It offers a quality education at an affordable fee structure of INR 30,000 for an MBA program. Companies visiting the campus include Wipro, Tata Consultancy Services, HCL, Infotech, etc.

 IES College of Technology

 IES, Affiliated to RGPV- Rajiv Gandhi University of Technology, Bhopal, is approved by AICTE and holds rank #143 as of The Week, 2019. They accept the candidates who have done their graduation with 50% in aggregate and appeared in the entrance exam. , CMAT. The average fee for the entire MBA program in this college is Rs 1.10 lakh. The recruitment companies that come to this college are Cognizant, Genpact, IBM, Infosys, etc.

Sagar Institute of Research and Technology (SIRT)

 Sagar Institute of Research and Technology is known as SIRT is one of the best colleges in Bhopal, MP, Central India. SIRT admits students who have secured at least 50% marks in graduation based on their CMAT exam scores. The total fee for MBA/PGDM program at SIRT is INR 1.12 Lakh. SIRT provides excellent placement opportunities to its students. Some of the visiting companies of SIRT are BHEL, TCS, IBM, Amazon, and so on.

Technocrats Institute of Technology (TIT)

 The MBA/PGDM department at TIT strives to achieve total quality management and excellence in handling global challenges efficiently in the management sector. TIT admits those students for admission who have secured 50% and above marks in aggregate and secured marks in CMAT. For the MBA/PGDM program at this institute, the student has to spend around Rs 1.34 lakh.

 Vidyasagar Institute of Management (VIM)

VIM is one of the best and most preferred management institutes in MP, Central India. Students who have completed their graduation with at least 50% marks in aggregate are eligible for admission to this college. The total fee for the MBA/PGDM program is INR 1 Lakh. VIM provides placement support to all its students and conducts grooming sessions for students in areas such as soft skills, and interview-facing skills, making them industry-worthy.

Jagran Lakecity University (JLU)

 JLU is a private university in Bhopal that has got the ‘No’ position. 1 Private University in Madhya Pradesh by many publications many times. The eligibility criteria for the MBA/PGDM program in this institute are graduation and 60% marks in aggregate on CAT/CMAT/GMAT scorecard. Here one has to pay Rs 3.5 lakh for the entire MBA program. Selective paid opportunities boost the quality of education and drive the students to study here. Flipkart, Amazon, Reliance, and many other companies provide job opportunities for JLU students.

Maulana Azad National Institute of Technology (MANIT)

MANIT is known as NIT Bhopal or NIT-B. MANIT is a public technical university spread over 650 acres which makes it one of the largest NITs in terms of the campus area. This institute accepts candidates who have passed in graduation with at least 50% marks and on the basis of their CAT scorecard. The total fee for the MBA/PGDM program in MANIT is INR 1.44 Lakh. MANIT Bhop offers a lot of facilities and a good performance to its students as compared to other MBA colleges.

Career Prospects

MBA degree gives a student a competitive edge in various fields. A 2017 study by corporate recruiters showed that 86% of companies across the world prefer to hire MBA graduates than any other. That number has been rising ever since, and trends suggest the same for years to come.

The demand for MBA graduates from top colleges has assured many career prospects for students. To name a few careers-

· Marketing executive

· Account Manager

Brand Manager

· Marketing Manager

· Management Consultant

International Business Manager

As the management and hospitality industry is growing at a fast pace, the career options for a postgraduate student with an MBA in Hotel Management are huge. Apart from hotels, such MBA graduates are offered jobs in sectors such as cabin crew, catering, tourism industry, multinational industries and airlines. Apart from these career options, there are many more to choose from as the demand in various industries is never ending.

List of top MBA Colleges in Bhopal

S.NoInstitute NameShort Name of      InstituteCoursesFeesEligibility
1Institute of Professional Education & Research BhopalIPER BhopalMBA/PGDM Courses1.99 LCMAT
2Maulana Azad National Institute of Technology BhopalMANIT BhopalMBA/PGDM Courses2.88 LCAT, MAT, GMAT
3Lakshmi Narain College of Technology, BhopalLNCT BhopalMBA/PGDM Courses1.1 LCMAT
4Sagar Institute of Research and Technology BhopalSIRT BhopalMBA/PGDM Courses1.12 LCMAT
5Jagran Lakecity University BhopalJLU BhopalMBA/PGDM Courses1.8 L – 3.85 L  CAT, MAT, JLUET
6 IES College of Technology BhopalLESCT BhopalMBA/PGDM Courses1.1 L  CMAT
7VIT Bhopal University BhopalVITU BhopalMBA/PGDM Courses7 LCAT, MAT, CMAT, XAT, NMAT, ATMA, VITBEE
8` Indian Institute of Forest Management BhopalIIFM BhopalMBA/PGDM Courses5.39 LCAT,XAT
9Rabindranath Tagore University BhopalRTU BhopalMBA/PGDM Courses1.4 L  AJEE
10Bansal Institute of Science and Technology BhopalBIST BhopalMBA/PGDM Courses60 KCMAT
11VNS Group of Institutions BhopalVNSGI BhopalMBA/PGDM Courses1.2 LCMAT,MPMET
12SAGE University, BhopalSAGEU BhopalMBA/PGDM Courses1.2 LCAT,SEE
13Mittal Institute Of Technology BhopalMIT BhopalMBA/PGDM Courses74 KCMAT
14Oriental College of Management Bhopal(OCM Bhopal)MBA/PGDM Courses1.75 LCMAT
15Technocrates Institute of Technology BhopalTIT BhopalMBA/PGDM Courses1.2 LCMAT
16People’s Institute of Management and Research BhopalPIMR BhopalMBA/PGDM Courses1.4 L – 2.2 L CAT, MAT, CMAT, XAT
17Radharaman Engineering College BhopalREC BhopalMBA/PGDM Courses74.6 KCMAT,MPMET
18Trinity Institute of Technology and Research BhopalTITR BhopalMBA/PGDM Courses92 KCMAT
19SAM College of Engineering and Technology BhopalSAMCET BhopalMBA/PGDM Courses1.01 LCMAT
20Radharaman Institute of Technology and Science BhopalRITS BhopalMBA/PGDM Courses88.8 KCMAT,MPMET
21RKDF University, BhopalRKDFU BhopalMBA/PGDM Courses1 LCMAT
22Sant Hirdaram Institute of Management BhopalSHIM BhopalMBA/PGDM Courses1.18 LCMAT
23Bansal Group of Institutes BhopalBGI BhopalMBA/PGDM Courses96 KCMAT
24Sagar Institute of Science & Technology BhopalSISTEC BhopalMBA/PGDM Courses1.2 LCMAT
25NRI Institute of Information Science and Technology BhopalNRIIST BhopalMBA/PGDM Courses1.1 LCMAT
26LNCT Excellence College BhopalLNCTEC BhopalMBA/PGDM Courses1.2 LCMAT
27Sagar Institute of Research and Technology Excellence BhopalSIRTE BhopalMBA/PGDM Courses1.09 LCMAT,MET
28Career College of Management Bhopal BhopalCCM BhopalMBA/PGDM Courses1.12 LCMAT
29Scope College of Engineering BhopalSCE BhopalMBA/PGDM Courses96 KCMAT
30Jai Narain college of Technology  BhopalJNCT BhopalMBA/PGDM Courses1.1 LCMAT
31Patel Institute of Technology BhopalPIT BhopalMBA/PGDM Courses1.04 LMAH ,CET
32Millennium Group of Institutions BhopalMGI BhopalMBA/PGDM Courses91.4 KCMAT
33NRI Group of Institutions BhopalNRIGI BhopalMBA/PGDM Courses1.1 L CMAT
34SAM College of Management and Technology BhopalSAMCT BhopalMBA/PGDM Courses91.2 KCMAT
35Rajeev Gandhi Management Institute BhopalRGMI BhopalMBA/PGDM Courses91.2 KCMAT
36Swami Vivekanand College of Science and Technology BhopalSVCST BhopalMBA/PGDM Courses91.2 K CMAT
37Technocrats Institute of Technology (Excellence) BhopalTITE BhopalMBA/PGDM Courses1.1 LCMAT
38Bhabha Engineering Research Institute BhopalBERI BhopalMBA/PGDM Courses66 KCMAT
39Bhabha University BhopalBU BhopalMBA/PGDM Courses1.1 L CMAT
40Mayo College of Management BhopalMCM BhopalMBA/PGDM Courses78 KCMAT
41Indira Priyadarshini College of Management BhopalIPCM BhopalMBA/PGDM Courses91.2 KCMAT
42Manjula K Ponda College of Management BhopalMPC BhopalMBA/PGDM Courses91.2 KCMAT
43Laxmipati Institute Of Science & Technology BhopalLIST BhopalMBA/PGDM Courses 91.2 KCMAT
44Technocrats Institute of Technology and Science BhopalTITS BhopalMBA/PGDM Courses1.5 LCMAT
45Corporate Institute of Management BhopalCIM BhopalMBA/PGDM Courses1.05 LCMAT
46Anand Institute of Management BhopalAIM BhopalMBA/PGDM Courses90 KCMAT
47Vidhya Sagar Institute of Management BhopalVSIM BhopalMBA/PGDM Courses88.5 KMET
48Bhabha Institute of Management BhopalBIM BhopalMBA/PGDM Courses1.1 LCAT, MAT, CMAT, XAT, GMAT, ATMA
49Duke College of Management BhopalDCM BhopalMBA/PGDM Courses78 KCMAT
50Sagar Institute of Research Technology & Science, BhopalSIRTS BhopalMBA/PGDM Courses1.28 LCMAT

Link to some colleges in Bhopal

NIRF Ranking for MBA/PGDM Colleges in Bhopal

NIRF, an initiative of MoE, assists in the ranking process of the institute across all streams in India. NIRF considers the following parameters to rank institutions in India.

  • Teaching, Infrastructure, Learning, and Resources
  • Research and Professional Practice
  • Graduation result
  • Outreach and inclusivity
  • Feeling

In addition to NIRF, has a methodology called Education Rating which rates institutions out of five. Ratings are based on reviews from current students or alumni of the particular college.

Indian Institute of Forest Management, Bhopal is the only MBA college that is ranked in the NIRF Management stream category. According to the NIRF 20 ranking, IIFM is ranked 62 among the top 75 MBA colleges in India. As per Education Rating (Aggregate), IIFM has received 4.3 out of 5 based on 20 verified reviews.

List of Private and Government MBA/PGDM Colleges in Bhopal

Public or government colleges receive/are funded by the government. Whereas private colleges receive large donations or funds from private sources for providing education. 90% of MBA colleges in Bhopal are run as private colleges while 7% are run by the government.

List of Private MBA/PGDM Colleges in Bhopal

S. NoName of InstituteShort Name of Institute
1School of Research and Technology from People’s UniversitySRT PU Bhopal
2Jagran Lake City UniversityJLCU Bhopal
3Sagar Institute of Research and TechnologySIRT Bhopal
4Institute of Vocational Education and ResearchIPER Bhopal
5LNCT UniversityLNCT Bhopal

List of Public MBA/PGDM Colleges in Bhopal

S. NoName of InstituteShort Name of Institute
1Indian Institute of Forest ManagementIIFM Bhopal
2Maulana Azad National Institute of Technology,MANIT Bhopal
3Bhopal School of Social SciencesBSSS Bhopal
4Makhanlal Chaturvedi National University of Journalism and CommunicationMCNUJC Bhopal
5Madhya Pradesh Bhoj Open UniversityMPBOU Bhopal

ROI of MBA/PGDM Colleges in Bhopal

The return on investment (ROI) of college is evaluated using the value of money spent. Investment is the course fee paid by the student for pursuing MBA. Whereas the return on investment fee is the annual placement package received after the completion of the course. The table below mentions the ROI-wise top MBA colleges in Bhopal.

ROI of Top MBA/PGDM Colleges in Bhopal

S. NoName of InstituteCourse Fees In INAAverage Placement (INA)
1Indian Institute of Forest Management4.56 L7.5 LPA
2Maulana Azad National Institute of Technology2.88 L7.57 LPA
3Makhanlal Chaturvedi National University of Journalism and Communication46 K4 LPA
4Sagar Institute of Research and Technology1.12 L3.8 LPA
5Rabindranath Tagore University1.49 L  5.04 LPA

Top Recruiters for MBA Graduates

There is a huge demand for MBA graduates from various domains. The table below mentions the placement ratings and top recruiters in some of the top MBA colleges in Bhopal.

  • Asian Paints,
  • Axis Bank,
  • Bandhan Bank,
  • Berger Paints,
  • HDFC Bank,
  • ICICI Securities,
  • Nestle,
  • PWC,
  • The Times of India,
  • Vardhman Group,
  • DFC,
  • Kotak Mahindra,
  • ICICI Prudential Life Insurance,
  • Spandana Sphoorty,
  • Samasta Microfinance,
  • Bharat Financial Inclusion Ltd.,
  • Svatantra Microfinance,
  • BASIX Sub-K,
  • Pradan,
  • Swades Foundation,
  • Samarthan,
  • Sambodhi,
  • Kantar Public,
  • Technoserve
  • Capital Via,
  • Cavinkare,
  • Dainik Bhaskar,
  • ETV,
  • HDB Financial,
  • Jaro Education,
  • Jaypee Hotels,
  • Ketchum,
  • MY FM,
  • Nielson,
  • Oberoi,
  • Ogilvy and Mather,
  • Radisson,
  • RED FM,
  • Tata Class,
  • The Leela,
  • The Times of India,
  • Paytm,
  • Amazon,
  • Zomato,
  • Wipro,
  • HDFC,
  • ICICI Prudential,
  • Xeeva,
  • Concentrix,
  • Future General,
  • TCS,
  • Topper Learning,
  • IBM,
  • EDS,
  • Cipla
  • Infosys,
  • Mercedes-Benz,
  • Indian Navy, 
  • Satyam,
  • Adani,
  • Bank of Baroda,
  • Bosch Ltd,
  • Capgemini,
  • Karvy Consultants,
  • Reliance Jio,
  • TATA Consultancy Services

Some important links

List CollegesCLICK HERE
CAT Last 10 Yrs Solved Question PapersCLICK HERE
CAT Practice Test SeriesCLICK HERE

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