Indore is becoming a hub of management education in central India as there are some really good management institutes in this region. Currently, there are around twenty-three management colleges in Indore. Many other major players in management education are now attracted to this region due to increased demand among MBA aspirants of central India. In this article, we will name some of the most popular management institutes in Indore, Madhya Pradesh which you can add to your wish list if you are willing to do an MBA or PGDM from Indore, Madhya Pradesh. So, here we go:
Indian Institute of Management (IIM) Indore
First, on our list, IIM Indore is one of the most popular MBA colleges in India and certainly the best choice to do a post-graduate programme in management from Indore. IIM Indore has been ranked 6th position among India’s best management institutes by NIRF-2021 rankings done by the Ministry of Education (MoE). It is a government-owned institution that offers 2 years of the full-time post-graduate programme in management.
IIM Indore Key Highlights 2021
Establishment year – 1996
Campus size – 193 acre
Student intake – – 451 for PGP
– 40 for EPGP
– 120 for IPM
Rankings (2020) –
– 7 for IIMs by NIRF
– 4 for MBA/ PGDM by Outlook
– 6 for MBA/ PDM by The Week, among others
Number of courses – 20+
Total faculty – 86
Number/ Types of scholarships offered – Three: Need-based Financial Assistance, Fellowship stipend, Contingency grant
No. of recruiting companies (2021) – 210 (Bain & Company, BCG, Deloitte, EY, PwC and Optumamong others)
Highest placement package (2020) –
Rs 41.5 LPA (Domestic)
Rs 56.8 LPA (International)
Average placement package (2020) – Rs 23.6 LPA
Collaborations
Alba Graduate Business School (Greece), Asian Institute of Management (Manila), Auckland University of Technology (New Zealand), EM Lyon Business School (France)
IIM Indore Admission 2021
IIM Indore admissions are primarily entrance-based. This institute is known for its two-year, full-time, residential flagship PGP (also referred to as MBA) programme admission to which is offered based on a valid score in CAT. The percentile of CAT for IIM Indore reached up to 98 percentile in the past years which shows how rigorous it is for a student to get admission to this institute. IIM admission cycle for PGP starts with the commencement of CAT registrations. Apart from PGP, IIM Indore also offers other PG and doctoral degree courses in the field of Management. Candidates are shortlisted for these programmes based on course-specific entrance exams, followed by shortlisting processes which generally comprise a Personal Interview (PI) round.
The application process of IIM Indore PGP and PGP HRM takes place via CAT. Therefore, candidates need to visit the official website of CAT (www.iimcat.ac.in) to register themselves. On the other hand, candidates willing to seek admission to other academic/ executive programmes, need to apply online on the official website of IIM Indore. The following table mentions the courses where admissions are currently OPEN. Check all course-wise eligibility criteria and accepted entrance exams in the table below:
| Course | Eligibility Criteria | Accepted Entrance Exam |
| – PGP (ADMISSION OPEN) – PGP-HRM (ADMISSION OPEN) |
Possess a bachelor’s degree in 10+2+3 pattern with a minimum of 50% aggregate (45% aggregate for SC/ ST/ PwD candidates) | CAT |
| EPGP | Bachelor’s degree with a minimum of 50% aggregate in any stream along with five years of managerial/ entrepreneurial/ professional experience after graduation | GMAT |
| IPM | Class 12 with a minimum of 60% aggregate (55% for reserved category candidates i.e. SC/ ST/ PwD) | IP MAT |
| GMPE (ADMISSION OPEN) | Possess professional qualifications, such as ICWAI/ CA/ ACS along with at least two years of work experience, or Possess a postgraduate/ Engineering degree/ professional degree with at least three years of work experience, or Passed BSc/ BCom/ BA degree with at least five years of work experience, or Passed diploma degree with at least 10 years of work experience |
Merit-based + Statement of Purpose |
| – FPM
– EFPM – EFPMG |
Possess professional qualifications, such as ICWAI/ CA/ ACS along with at least two years of work experience, or Possess a postgraduate/ Engineering degree/ professional degree with at least three years of work experience, or Passed BSc/ BCom/ BA degree with at least five years of work experience, or Passed diploma degree with at least 10 years of work experience |
– CAT/ GMAT/ GATE/ GRE/ JRF
– CAT/ GMAT/ GATE/ GRE/ JRF/ RAT – CAT/ GMAT/ GATE/ GRE/ JRF |
IIM Indore Placements 2021
IIM Indore placement 2021 concluded in April, with several placement statistics managed to improve just marginally. The rise was seen but not as high as witnessed in the previous subsequent placement season of IIM Indore. The economic downturn due to pandemic can be sighted as one of the major reasons for this. The number of recruiters increased by 31.25% from the previous year and several first-time recruiters, such as AB InBev, Browserstack, Bytedance, CloudTail, FITJEE, etc. opened up niche roles for the participants. The average package in 2021 rose by 3% while there was a jump of 24% in offers of Finance roles as compared to 23% offers in last year. A few more statistics around IIM Indore 2021 placement are tabulated below:
| Particulars | Statistics (2020) | Statistics (2021) |
| Students participated | 522 | 579 |
| No. of recruiters | 160+ | 210+ |
| First-time recruiters | 50+ | 40+ |
| Average package | Rs 22.92 LPA | Rs 23.6 LPA |
| Highest package (domestic) | Rs 50 LPA | Rs 41.5 LPA |
| Highest package (International) | N/A | Rs 56.8 LPA |
| Top recruiters | Black Rock, HSBC, Kotak, Nomura, ICICI Bank | Bain & Company, BCG, Deloitte, EY, PwC, Optum |
IIM Indore Scholarships 2021
IIM Indore provides Need-Based Financial Assistance (NBFA) to the PGP/ IPM students whose gross annual family income does not exceed Rs 4.5 lakh during the relevant financial year. IIM Indore also participates in National Scholarship for higher education for ST students offered by the Government of India. In addition to these scholarships, the FPM students at IIM Indore are provided with the following grants and subsidies:
- A fellowship grant/stipend of Rs 27,000 per month during their course work and Rs 33,000 per month after clearing the area comprehensive exam as per norms (maximum duration for which they can get stipend would be 57 months)
- A contingency grant of Rs 25,000 per annum for four years is also provided
- The institute subsidizes expenses for presenting papers in the National Conference subject to a ceiling of Rs 30,000 per year with a provision that from second year onwards for attending one/more than one conference per year
Jaipuria Institute of Management, Indore
Next on our list is Jaipuria Institute of Management, Indore. We have added this college to our preferred list due to various aspects including the quality of education, faculty, course benefits, campus life, overall placements, and perception. Founded in 2010, Jaipuria Indore is one of the four campuses that come under the Jaipuria Institute of Management. This Institute has gained approval from the All India Council for Technical Education (AICTE) and is a member of the Association of Indian Universities (AIU). It is recognized as one of the prestigious management institutes in Madhya Pradesh and is also counted as one of the top-ranked private B-Schools in Central India.
Jaipuria Institute of Management, Indore Key Highlights
Year of establishment – 2010
Campus – Indore
Campus size – 10 acre
Recognised by – NBA, AIU, AICTE
College rankings –
– Ranked 2 amongst Private B-Schools in Central India (Business World, 2020)
– Ranked 3 amongst Private B-Schools in Central India (CSR-GHRDC, 2020)
– Ranked 3 amongst Private B-Schools in Central India (Business Today, 2020)
Modes of education – Full-time
Number of courses offered – 1 course
Exams accepted – CAT/ CMAT/ MAT/ GMAT/ XAT
Total no. of seats – 180
No. of scholarships – 5
Highest salary offered (2019) –
– Domestic – Rs 17.65 LPA
– International – Rs 16 LPA
Official website – www.jaipuria.ac.in/campuses/jaipuria-indore
Gender intake – Co-ed
Application mode (when admissions are open) – Online/Offline
Total faculty – 16
Jaipuria Institute of Management, Indore Admission Process
The application forms for Jaipuria Indore admissions are available on the official website of the Institute. Candidates can also apply offline by obtaining the application form directly from the campus. Admission to the Management course offered by this College is subject to the following conditions:
- Students are offered admission to the PGDM course basis their marks in graduation and a qualifying score in CAT 2021 / MAT 2021 / XAT 2021 / CMAT 2021/ GMAT 2021
- Shortlisted candidates are then called for a Group Discussion and Personal Interview round which is held across various cities nation-wide namely Agra, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Guwahati, Kanpur, Kota, Kolkata, Lucknow, Indore, Jamshedpur, Amritsar, Jodhpur, Jaipur, Ahmedabad, Allahabad, Alwar, Noida, Patna, Ranchi, Udaipur, Varanasi, etc.
- For final selection, the Institute takes into consideration all the components that are shown in the table below, along with their respective weightage percentiles:
Jaipuria Institute of Management, Indore Courses
Jaipuria Institute of Management, Indore offers a full-time Post Graduate Diploma in Management programme of a two-year duration. This course features an industry-centric curriculum that comprises live projects and case studies to impart all-around learning. It is offered in various specializations namely Economics and International Business, Marketing, Finance, HR, Business Communication, Information System, and Operations.
This PGDM course also includes several integrated workshop courses on topics like Design Thinking, Entrepreneurship, Business Simulations, Professional Ethics, Business Environmental and Social Sustainability. Listed below are the eligibility criteria and fee structure of this flagship Jaipuria Indore course:
Jaipuria Institute of Management, Indore Placements
As per the data available on the official college website, Jaipuria Indore placements were highly successful during 2019. Some of the key highlights of this campus drive are shown below:
- Overall, 98% of the total batch got placed with various leading MNCs and Fortune 500 companies operating in domains like Automobile, BFSI, Consulting, E-commerce, Media & others
- The highest domestic CTC offered was Rs 17.65 LPA, whereas the highest international CTC was Rs 16 LPA
- Topmost recruiters include Aditya Birla, Philips, Deloitte, Amazon, Amul, RBL Bank, Godrej, TVS Motors, Havells, HDFC Bank, Lava International, Asian Paints, TATA AIG, Vivo, MRF, Muthoot Fincorp, Mahindra and Mahindra, Treebo Hotels, Bajaj Electricals, Wipro, GE Healthcare, Makemytrip, Marico, Times Internet, Reckitt Benkiser, Colgate-Palmolive, to name a few.
Jaipuria Institute of Management, Indore Scholarships
Jaipuria Institute of Management offers scholarships worth Rs 3.85 crores. Meritorious students for scholarships are chosen on the basis of their CAT or other aptitude test score. The Institute offers an Entrance score-based Scholarship and Sibling Scholarship. The details are tabulated below:
Entrance score-based Scholarship:
Under this scholarship scheme, students are awarded a certain amount as a scholarship based on their entrance exam score.
Institute of Business Management and Research, Indore
Next on our list is the Institute of Business Management and Research, Indore aka IBMR IPS. Established in 1994 under the aegis of IPS Academy, the Institute of Business Management & Research IPS is affiliated to Devi Ahilya Vishwavidyalaya, Indore. Ranked 53 for MBA by Times in 2021, it is also approved by AICTE and DTE. It offers a total of 11 courses at UG, PG and PhD levels in the streams of Management and Economics.
The total student intake for the Institute of Business Management & Research IPS for its UG and PG courses is 1140, where 660 are for MBA and 480 are for BBA and BA courses combined. The intake for PhD depends on the institute’s decision and seat availability. The popular course of the Institute of Business Management & Research IPS is a two-year MBA offered across five specializations as shown in the image.
Institute of Business Management and Research IPS Key Highlights
Year of Establishment – 1994
Also known as – IBMR IPS
Type of institute – Private
Institute location – Indore, Madhya Pradesh
Affiliated to – Devi Ahilya Vishwavidyalaya, Indore
Approved by – AICTE, DTE(MP)
Ranking
-Ranked 53 for MBA/ PGDM by Times 2021
-Ranked 76-100 by NIRF under MBA/ PGDM category in 2020
-Ranked 97 by The Week 2020 under MBA/ PGDM Category 2020
Entrance exams accepted – CMAT, DET DAVV
Number of courses – 11
Total faculty – 90
Student intake – 1200
Flagship course – MBA, BBA
Highest placement package (2020) – Rs 10 LPA
Popular Recruiters – Deloitte, Asian Paints, Space India Nest etc.
Mode of education – Full-time
Modes of application – Online
Official website – ibmr.ipsacademy.org
Apart from these three (our top pics), there are many other management colleges worth checking out in Indore. Some other popular MBA colleges in Indore include NMIMS University, SAGE University, DAVV, Amity Global Business School, Symbiosis University of Applied Sciences, Prestige Institute of Management, etc.
