Top 10 MBA Colleges in Bihar: NIRF Ranking, Fees, and Placements

Bihar, a state known for its vibrant culture, rich heritage, and significant contributions to India’s history, is steadily becoming a sought-after destination for higher education, particularly in the field of management.

With the rising demand for skilled managers in various sectors, many prestigious MBA colleges in Bihar are offering comprehensive programs that cater to diverse specializations and career aspirations.

This article provides an in-depth overview of the top 10 MBA colleges in Bihar as per the National Institutional Ranking Framework (NIRF) rankings. It also covers details about their fees, placement records, eligibility criteria, entrance exams, and specializations.

Collage name Fees Salary package Nirf ranking Naac ranking
1.      IIM Bodh gaya 10.5 LPA 12.5- 24 LPA 33 A+
2.      CIMP 7.65 LPA 12 LPA 103 A
3.      LNMI patna

 

2.5 LPA 8 LPA 33 A++
4.      Amity 6.8 LPA 10 LPA 102 A+
5.      BIT patna 6 LPA 11 LPA 17 A
6.      ISM 3.5 LPA 7 LPA 51 A
7.      Magadh 1.8 LPA 6 LPA 59 C
8.      Patna uni 1.2 LPA 5 LPA 67 B+
9.      AKU patna 2.5 LPA 7 LPA 72 A
10.  Dr

Cv ramanuni

2 LPA 5 LPA 100 B+

 

List of Top 10 MBA Colleges in Bihar As Per NIRF Ranking

  1. Indian Institute of Management (IIM), Bodh Gaya
  •    – NIRF Ranking: IIM Bodh Gaya is ranked among the top 100 management institutes in India. The institute is known for its rigorous academic programs, state-of-the-art infrastructure, and experienced faculty.
  •    – Fees: The fee for the two-year full-time MBA program at IIM Bodh Gaya is approximately INR 10.5 lakhs.
  •    – Placements: IIM Bodh Gaya has a commendable placement record, with an average package of around INR 12.5 Lakh Per Annum (LPA) and the highest package reaching up to INR 24 LPA. Top recruiters include Deloitte, ICICI Bank, and Amazon.
  •    – Specializations: The institute offers various specializations, including Finance, Marketing, Operations, Human Resource Management, and Information Systems, enabling students to choose their area of interest.
  1. 2. Chandragupt Institute of Management Patna (CIMP)
  •    – NIRF Ranking: CIMP is consistently ranked among the top 100 management institutes in India, known for its focus on practical learning and industry exposure.
  •    – Fees: The fee for the two-year MBA program at CIMP is approximately INR 7.65 lakhs.
  •    – Placements: The institute has a strong placement record, with an average package of around INR 6 LPA and the highest package going up to INR 12 LPA. Recruiters such as HDFC Bank, TATA Motors, and ITC regularly visit the campus.
  •    – Specializations: CIMP offers specializations in Marketing, Finance, Operations, and Human Resource Management.
  1. 3. Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna
  •    – NIRF Ranking: LNMI is recognized as one of the top management colleges in Bihar, offering quality education in management and information technology.
  •    – Fees: The total fee for the two-year MBA program at LNMI is approximately INR 2.5 lakhs, making it one of the more affordable options.
  •    – Placements: The institute has an average placement package of around INR 4.5 LPA, with the highest package reaching up to INR 8 LPA. Some of the top recruiters include Axis Bank, Reliance, and Wipro.
  •    – Specializations: LNMI offers specializations in Marketing, Finance, Human Resource, and Information Technology.
  1. Amity University, Patna
  •    – NIRF Ranking: Amity University is among the leading private universities in Bihar, known for its modern infrastructure and emphasis on holistic education.
  •    – Fees: The fee for the two-year MBA program is approximately INR 6.8 lakhs.
  •    – Placements: The university has an average placement package of around INR 5.5 LPA, with the highest package reaching up to INR 10 LPA. Prominent recruiters include Byju’s, HCL, and L&T.
  •    – Specializations: Specializations offered include Marketing, Finance, Human Resources, Operations, and International Business.
  1. Birla Institute of Technology (BIT), Patna

– NIRF Ranking: BIT Patna is ranked among the top 100 management institutes in India, known for its strong academic programs and research-oriented approach.

  •    – Fees: The fee for the two-year MBA program is approximately INR 6 lakhs.
  •    – Placements: BIT Patna has an average placement package of around INR 6 LPA, with the highest package going up to INR 11 LPA. The campus is visited by top recruiters such as Infosys, TCS, and Cognizant.
  •    – Specializations: The institute offers specializations in Marketing, Finance, Information Systems, Human Resource, and Operations.
  1. International School of Management (ISM), Patna
  •    – NIRF Ranking: ISM Patna is recognized as a leading management institute in Bihar, offering a blend of academic excellence and industry exposure.
  •    – Fees: The total fee for the two-year MBA program is approximately INR 3.5 lakhs.
  •    – Placements: ISM Patna offers an average placement package of around INR 4 LPA, with the highest package reaching up to INR 7 LPA.
  •    – Specializations: The institute offers specializations in Marketing, Finance, Human Resource, and Information Technology.
  1. Magadh University, Bodh Gaya
  •    – NIRF Ranking: Magadh University is ranked among the top public universities in Bihar, known for its extensive range of undergraduate and postgraduate programs.
  •    – Fees: The fee for the two-year MBA program is approximately INR 1.8 lakhs.
  •    – Placements: The average placement package is around INR 3.5 LPA, with the highest package reaching up to INR 6 LPA.
  •    – Specializations: Specializations include Marketing, Finance, Operations, and Human Resource.
  1. Patna University, Patna
  •    – NIRF Ranking: As one of the oldest universities in Bihar, Patna University enjoys a reputation for academic excellence.
  •    – Fees: The fee for the two-year MBA program is approximately INR 1.2 lakhs, making it one of the most affordable MBA programs in the state.
  •    – Placements: The university offers an average placement package of around INR 3 LPA, with the highest package going up to INR 5 LPA.
  •    – Specializations: Specializations offered include Marketing, Finance, Operations, and Human Resources.
  1. Arya Bhatt Knowledge University (AKU), Patna
  •    – NIRF Ranking: AKU is recognized as an emerging institution for higher education in Bihar, with a growing focus on management education.
  •    – Fees: The fee for the two-year MBA program is approximately INR 2.5 lakhs.
  •    – Placements: The university has an average placement package of around INR 3.5 LPA, with the highest package reaching up to INR 7 LPA.
  •    – Specializations: AKU offers specializations in Marketing, Finance, Human Resource, and Operations.
  1. Dr. CV Raman University, Bihar
  •    – NIRF Ranking: Dr. CV Raman University is among the newly established universities in Bihar, focused on providing quality education and promoting research.
  •    – Fees: The fee for the two-year MBA program is approximately INR 2 lakhs.
  •    – Placements: The university offers an average placement package of around INR 3 LPA, with the highest package reaching up to INR 5 LPA.
  •    – Specializations: Specializations include Marketing, Finance, Operations, and Human Resources.

Is Admission to Top MBA Colleges in Bihar Worthy?

Choosing the right MBA college is crucial for shaping your career in management. The top MBA colleges in Bihar, such as IIM Bodh Gaya, CIMP, and LNMI, provide a blend of theoretical knowledge and practical exposure, which is essential for succeeding in the corporate world.

These colleges have collaborations with top companies, ensuring robust placement opportunities for their students.

Moreover, the cost of living in Bihar is relatively lower compared to other major cities in India.

This makes Bihar an attractive destination for pursuing an MBA, especially for students who are looking for quality education at an affordable cost. The return on investment (ROI) is favorable, given the reasonable fees and promising placement records. With the growing business ecosystem in Bihar, graduates from these top colleges are increasingly in demand.

MBA Entrance Exams Supported by Top 10 MBA Colleges in Bihar

To secure admission in the top MBA colleges in Bihar, candidates must clear one of the following entrance exams:

  1. Common Admission Test (CAT): The CAT is the most widely accepted MBA entrance exam in India, and it is required for admission to IIM Bodh Gaya and several other prestigious colleges.
  1. Management Aptitude Test (MAT): The MAT is another popular entrance exam accepted by several MBA colleges in Bihar, including CIMP, LNMI, and ISM Patna.
  1. Xavier Aptitude Test (XAT): The XAT is accepted by a few select private institutes in Bihar.
  1. Graduate Management Admission Test (GMAT)**: The GMAT is primarily accepted by IIMs and a few other top private institutions.
  1. Common Management Admission Test (CMAT): The CMAT is accepted by several MBA colleges, including CIMP and BIT Patna.
  1. University-Specific Entrance Exams: Some universities, such as Patna University and Magadh University, conduct their own entrance exams for MBA admissions.

The eligibility criteria for admission to the top 10 MBA colleges in Bihar

  1. Educational Qualification: Candidates must have a Bachelor’s degree in any discipline from a recognized university with a minimum of 50% aggregate marks (45% for reserved categories).\
  2. Entrance Exam: Candidates must have a valid score in one of the accepted entrance exams such as CAT, XAT, CMAT, MAT, GMAT, or BCECE.
  3. Work Experience: Some colleges may prefer or require relevant work experience, though this is not mandatory for all.
  4. Personal Interview and Group Discussion: Shortlisted candidates are typically required to participate in a group discussion and personal interview as part of the final selection process.

Conclusion

Choosing one of the top MBA colleges in Bihar, as per the NIRF ranking, offers significant value through strong placement records, diverse specializations, and affordable fees.

The list of top 10 MBA colleges in Bihar ensures quality education, competitive eligibility criteria, and excellent career prospects.

Admission is based on performance in entrance exams supported by these colleges, making it a worthy investment for aspiring MBA candidates aiming for success in their professional journeys.

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