5 mins | Vaishali Pandey

Top MBA Colleges in Bhopal 2025

MBA Colleges in Bhopal have gained significant prominence over the past few years. With prestigious institutions like IIFM, MANIT, and LNCT, Bhopal is attracting aspiring business leaders from across the country. 

According to recent data, over 2.93 lakh candidates appeared for CAT 2024, a number that reflects the growing demand for quality management education. 

If you plan to pursue an MBA in 2025, this guide is your one-stop resource for understanding fees, admission criteria, entrance exams, rankings, and placements for the top MBA colleges in Bhopal.

By the end of this blog, you will know:

1. The top MBA colleges in Bhopal with detailed information on fees, placements, and rankings.

2. The admission process and entrance exams accepted by these institutions.

3. How to choose the best MBA program based on your career goals and budget?

Top MBA Colleges in Bhopal: Key Highlights

Here is a quick overview of the top MBA colleges in Bhopal, including details on fees, entrance exams, and popular specialisations to help you make an informed decision.

Aspect

Details

No. of MBA Colleges in Bhopal

130+

Top MBA Colleges in Bhopal

Annual Fees

INR 50,000 - INR 12 Lakh

Admission Criteria

  • Bachelor’s Degree from a recognised university
  • Minimum 50% aggregate marks (45% for SC/ST/OBC)

Top Specialisations

Accepted Entrance Exams

Want to know which entrance exams will shape your MBA journey? Don't miss out on our comprehensive blog on Entrance Exams for MBA in India: Dates, Fees, and Eligibility.

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Best 10 MBA Colleges in Bhopal 2025

Bhopal is home to some of the top MBA colleges that provide excellent academic training, advanced facilities, and promising placement opportunities. 

Here’s a table listing the 10 best MBA colleges in Bhopal and their seat intake.

Name of College

Seats Intake

Indian Institute of Forest Management - [IIFM], Bhopal

225+

Jagran Lakecity University, Bhopal

-

People's Institute of Management and Research, Bhopal

150+

Sagar Institute of Research and Technology, Bhopal

180+

IES College of Technology, Bhopal

180+

Sagar Institute of Research and Technology- Excellence, Bhopal

180+

Vaishnavi Institute of Management, Bhopal

60+

IPER - Institute of Professional Education and Research, Bhopal

300+

Bansal Institute of Science and Technology, Bhopal

60+

Lakshmi Narain College of Technology, Bhopal

300+

Top Private MBA Colleges in Bhopal With Fee Structure 

Some top private colleges in Bhopal include Jagran Lakecity University, Sagar Institute of Research and Technology, and Institute of Professional Education and Research, with fees ranging from INR 50,000 to INR 3 lakh.

Here’s a list of privately owned top MBA colleges in Bhopal with fee structure details.

Name of College

Approx. Total Course Fee

Jagran Lakecity University 

INR 2 lakh – INR 3 lakh

Institute of Professional Education and Research 

INR 2 lakh

Vidyasagar Institute of Management - [VIM]

INR 1,75,000

Sagar Institute of Research and Technology 

INR 1 lakh

RKDF University Bhopal 

INR 1 lakh

Rabindranath Tagore University 

INR 50,000 - INR 1 lakh

LNCT University - [LNCTU]

INR 80,000

SAM Global University 

INR 60,000 - INR 70,000

People's Institute of Management and Research - PIMR Bhopal

INR 70,000

Note: Please ensure to verify the most up-to-date fee structure and other details by visiting the official websites of the respective colleges. 

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Government MBA Colleges in Bhopal 2025

Bhopal is home to some of the finest government MBA colleges. Notable institutions include MANIT, Barkatullah University, and the Indian Institute of Forest Management, with course fees ranging from around INR 70,000 to INR 12 lakh.

The table below shows the top MBA colleges in Bhopal government owned, along with their fee structure.

College Names

Approx. Total Course Fee

Indian Institute of Forest Management 

INR 12 lakh

Sant Hirdaram Institute of Management 

INR 1 lakh - INR 2 lakh

Maulana Azad National Institute of Technology (MANIT) 

INR 1 lakh

Barkatullah University (BU) 

INR 76,000

Makhanlal Chaturvedi National University of Journalism and Communication 

INR 70,000

Note: Please ensure to verify the most up-to-date fee structure and other details by visiting the official websites of the respective colleges. 

Top Semi-Government MBA Colleges in Bhopal 2025

Semi-government MBA colleges in Bhopal combine government support with private management, offering quality education at affordable fees under INR 1 lakh.

Here’s a table highlighting the semi-government MBA colleges in Bhopal and their tuition fees.

College Names

Approx. Total Course Fee

Vaishnavi Institute of Management 

INR 1 lakh

Vidya Sagar Institute of Management 

INR 89,000

Note: Please ensure to verify the latest fee structure and other details by visiting the official websites of the respective colleges. 

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Cost and Return on Investment of Top MBA Colleges in Bhopal

MANIT and LNCT offer affordable fees with packages ranging from INR 3 to 7 LPA, while IIFM has higher fees but a strong salary of INR 10 LPA. This helps you balance cost and earnings effectively.

Here’s a table highlighting the Fee Structure and Salary Comparison at Top MBA Colleges in Bhopal.

College Names

Approx. Total Course Fee

Annual Median Package

Indian Institute of Forest Management (IIFM)

INR 12 lakh

INR 10 LPA

Jagran Lakecity University 

INR 2 lakh - INR 3 lakh

INR 4 LPA

Jagran Lakecity University 

INR 2 lakh - INR 3 lakh

INR 4 LPA

Institute of Professional Education and Research (IPER)

INR 2 lakh

INR 5 LPA

Maulana Azad National Institute of Technology (MANIT) MBA

INR 1 lakh

INR 7 LPA

Lakshmi Narain College of Technology (LNCT)

INR 1 lakh

INR 3 LPA

Note: Please ensure to verify the latest fee structure and other details by visiting the official websites of the respective colleges. 

Top Salary Packages from MBA Colleges in Bhopal

Leading colleges such as IIFM, MANIT Bhopal, and Jagran Lakecity University have strong placement records, attracting reputed recruiters like Infosys, Amazon, EY, and Goldman Sachs.. 

The table below shows a list of some of the top recruiters that hire graduates from popular MBA colleges in Bhopal along with their placement packages.

Name of College

Annual Placement Package

Top Recruiters

Indian Institute of Forest Management (IIFM)

INR 10 LPA

Infosys, Vedanta, PWC, Birla Estates, EY, ICICI Bank, etc.

MANIT Bhopal 

INR 7 LPA

L&T Infotech, EXL Services, Amazon, Wipro, Goldman Sachs, etc.

Jagran Lakecity University 

INR 4 LPA

The Leela Palaces, Hotels and Resorts, TLC Legal, Infosys, Amazon, etc.

Affordable MBA Colleges in Bhopal 2025

Some of the top budget-friendly options include Bansal Group of Institutes, BSSS Institute of Advanced Studies, and Oriental College of Technology.

Below is a list of the best low-cost MBA colleges in Bhopal.

Affordable MBA Colleges in Bhopal

Approx. Tuition Fee

Bansal Group of Institutes

INR 96,000

BSSS Institute of Advanced Studies

INR 78,000

Oriental College of Technology, Bhopal

INR 78,000

SAM Global University

INR 60,000 - INR 70,000

Rabindranath Tagore University

INR 50,000

Note: Please ensure to verify the most up-to-date fee structure and other details by visiting the official websites of the respective colleges. 

Looking for an affordable MBA abroad? Discover top Affordable MBA Abroad for Indian Students: Colleges, Fees, and Scholarships — your gateway to global business education without breaking the bank!

Popular Specialisations Offered by Top MBA Colleges in Bhopal 2025

MBA Colleges in Bhopal: Popular Specialisations

MBA colleges in Bhopal offer a wide range of specialisations to cater to the diverse career goals of students. Popular choices include Sales & Marketing, Finance, Human Resources, Retail, and IT & Systems.

Below are the popular MBA specialisations offered by top MBA colleges in Bhopal.

Popular Specialisations

No. of Colleges Offering MBA Specialisations

MBA in Sales & Marketing

46

MBA in Finance

41

MBA in Human Resources

36

MBA in Retail

19

MBA in IT & Systems

9

Confused about your MBA path? Discover the Types of  MBA Specialisations available and choose the perfect fit for your career goals!

Top MBA in HR Colleges in Bhopal 2025

If you are considering pursuing a career in Human Resources (HR), Bhopal offers a range of reputed colleges specialising in MBA in HR.

The table below highlights the top MBA HR colleges in Bhopal, along with their seat intake. 

Name of College/ University 

Seats Intake

People's Institute of Management and Research - PIMR Bhopal

60+

IES College of Technology, Bhopal

180+

IPER - Institute of Professional Education and Research, Bhopal

300+

Vidyasagar Institute of Management, Bhopal

160+

SAGE University, Bhopal

60+

SAM Global University, Bhopal

360+

Radharaman Engineering College, Bhopal

180+

Sant Hirdaram Institute of Management, Bhopal

180+

VNS Group of Institutions, Bhopal

240+

Rabindranath Tagore University, Bhopal

170+

Interested in shaping the future of businesses through HR? Explore our detailed blog on MBA in HR Management: Syllabus, Colleges, Admissions & Placements — your roadmap to a successful career in Human Resources!

Eligibility Criteria For Top MBA Colleges in Bhopal 2025

If you plan to apply in 2025, it's essential to understand the admission criteria and eligibility requirements. The competition is intense, and institutions like IIFM, LNCT, and MANIT receive thousands of applications annually.

Here's a breakdown of the eligibility criteria, followed by the selection process.

Educational Qualification

Bachelor’s degree (minimum 3 years) with at least 50% aggregate marks (45% for SC/ST/OBC).

Entrance Exam

Valid scores in CAT, MAT, CMAT, XAT, or college-specific tests.

Final-Year Students

Candidates in the final year of graduation can apply, subject to proof of completion.

Work Experience

Not mandatory, but institutes like IIFM and MANIT give preference to candidates with work experience.

Age Limit

No upper age limit for admission.

Admission Process For Top MBA Colleges in Bhopal 2025

Top MBA Colleges in Bhopal: Admission Process 2025

The admission process for MBA colleges in Bhopal typically involves the following steps.

1. Entrance Exam Scores

You must first appear for national-level exams like CAT, CMAT, or XAT. Colleges shortlist candidates based on cutoff scores. 

2. Application Submission

Submit an online application form on the official college website. Ensure you attach relevant documents such as exam scorecards, mark sheets, and ID proofs.

3. Group Discussion (GD) and Personal Interview (PI)

Shortlisted candidates are invited for the GD/PI rounds, which test communication skills, leadership qualities, and subject knowledge.

4. Final Selection

Final merit lists are prepared based on entrance exam scores, performance in GD/PI rounds, work experience (if any), and academic records.

5. Offer of Admission

Selected candidates receive admission offers, after which they need to confirm their seats by paying the admission fees.

Popular Entrance Exams Accepted by MBA Colleges in Bhopal

MBA colleges in Bhopal accept scores from several national-level entrance exams, along with state or institution-specific tests. These exams serve as the first step in the selection process, ensuring only the most deserving candidates secure admission. 

The table below gives an overview of the popular entrance exams accepted by top MBA colleges in Bhopal, along with their upcoming exam dates for 2025.

Entrance Exam Name

Entrance Exam Details

Dates 2025

CMAT 

The CMAT, conducted by the NTA, is known for its moderate difficulty level. Both government and private institutions widely accept CMAT scores in Bhopal.

25 Jan 2025

CAT 

CAT evaluates candidates on quantitative ability, data interpretation, logical reasoning, and verbal ability. A high CAT score, typically above the 75-85 percentile, can open doors to prestigious institutes like IIFM and MANIT in Bhopal.

30 Nov 2025

MAT 

Organised by AIMA, the MAT is conducted four times a year. It tests language comprehension, mathematical skills, and logical reasoning and is widely accepted by private colleges such as LNCT and VNS Business School.

February, May, September, and December

XAT 

XAT, conducted by XLRI Jamshedpur, is another sought-after exam that focuses on decision-making, verbal and logical ability, quantitative skills, and general knowledge.

5 Jan 2025

Ready to ace your MBA entrance exam? Dive into our ultimate guide on MBA Entrance Exam Syllabus: Topics and Tips to stay ahead of the competition!

Top MBA Colleges in Bhopal That Accept CMAT Scores

Bhopal offers several reputable institutions that accept CMAT (Common Management Admission Test) scores for admission. 

The table below provides a closer look at some of the leading MBA institutions in Bhopal that accept CMAT scores.

College/ University Name

IPER - Institute of Professional Education and Research, Bhopal

Technocrats Institute Of Technology - [TIT] (Excellence), Bhopal

IES College of Technology, Bhopal

Sagar Institute Of Research And Technology - [SIRT], Bhopal

Oriental College Of Management (MBA)- [OCM], Bhopal

Radharaman Engineering College, Bhopal

Trinity Institute Of Technology And Research, Bhopal

Sant Hirdaram Institute of Management, Bhopal

Surabhi College Of Engineering And Technology - [SCET], Bhopal

BSSS Institute Of Advanced Studies, Bhopal

With top MBA colleges in Bhopal like IIFM, MANIT, and Jagran Lakecity University, you can choose from various specialisations such as HR, Finance, Marketing, and Business Analytics, ensuring they align your education with your career aspirations. Whether you’re considering government, private, or semi-government MBA colleges, the city provides a balanced mix of affordability, quality education, and strong placement opportunities. 

Looking to pursue your MBA in Bhopal but worried about the costs? Propelld is here to help! With tailored education loans, rapid approvals, and flexible repayment options, we make it easy for you to finance your MBA journey. 

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Frequently Asked Questions

How do I choose the right MBA college in Bhopal?

Consider factors such as accreditation, faculty, placement records, fees, and specialisations offered. 

What is the duration of an MBA program in Bhopal?

The duration of a standard MBA program is typically two years, while integrated MBA programs may last for five years.

Are there any scholarships available for MBA students in Bhopal?

Yes, many colleges offer scholarships based on merit, financial need, or specific criteria. It's advisable to check with individual colleges for their scholarship programs.

What are the placement opportunities like for MBA graduates in Bhopal?

Placement opportunities are quite promising, with many top companies recruiting from Bhopal's MBA colleges. Graduates often receive offers ranging from INR 3 to INR 15 lakhs per annum.

Which are the best government MBA colleges in Bhopal?

The best government MBA colleges include MANIT and Government Arts & Commerce College, which are known for their quality education and affordable fees.

Are there part-time MBA programs available in Bhopal?

Yes, many colleges in Bhopal offer part-time MBA programs catering to working professionals who wish to enhance their qualifications without leaving their jobs.

What is the average salary for MBA graduates from Bhopal?

The average salary for MBA graduates from Bhopal ranges from INR 3 to INR 10 lakhs per annum, depending on the college and specialisation.

Are there part-time MBA programs available in Bhopal?

The admission process typically involves entrance exams like CAT, MAT, or CMAT, followed by a group discussion and personal interview. 

Can I pursue an integrated MBA in Bhopal?

Yes, there are several integrated MBA colleges in Bhopal that offer programs combining undergraduate and postgraduate studies, allowing students to complete both degrees in a shorter time frame.

What specialisations are available in MBA colleges in Bhopal?

Popular specialisations include Finance, Marketing, Human Resource Management, and IT. Some colleges also offer unique programs like Environmental Management.