Top 10 MBA Colleges in Jharkhand Based on NIRF Ranking

Jharkhand is an Indian state primarily known for its rich natural resources, reserved minerals, and expanding industry base. Over the years, it has turned out to be one of the pivotal hubs for management education in the country.

The various MBA colleges in the state offer different specializations and thus provide enormous opportunity to prospective business leaders and managers.

NIRF is a well-trusted benchmark to measure the quality of the educational institutions that exist throughout India; for this purpose, ranking is also made for MBA colleges.

In this article, an in-depth view will be presented about the top 10 MBA colleges in Jharkhand, corresponding to the NIRF rankings, fee structure, placement statistics, admission criteria, and specializations available.

S no	Collage name	Fees	Salary	Nirf	Naac
1	XLRI	24 LPA	20 LPA	6	A++
2	NIT	6.5 LPA	8 LPA	11	B
3	IOM	4.5 LPA	7 LPA	44	B
4	BIT	5 LPA	6-7 LPA	50	A
5	JWC	3 LPA	5 LPA	85	A+
6	RANCHI UNI	2.5 LPA	4 -5 LPA	100	B++
7	SNU	7 LPA	6-7 LPA	150	A
8	Loyola college	4 LPA	5 LPA	89	A++
9	JIT	3.5 LPA	4-5 LPA	101	B
10	RANCHI college	3 LPA	4 LPA	116	B

 

Is It Worth Getting Admission in Top MBA Colleges in Jharkhand?

Generally, it has been found that doing an MBA from one of the top colleges in Jharkhand is worth investing in. Two of the decent and well-known institutions for management education in Jharkhand State are XLRI Jamshedpur and NIT Jamshedpur.

Both these colleges are highly known for academic programs of quality, experienced faculty, and excellent infrastructure. Additionally, the colleges have better networking prospects, internship facilities, and pragmatic learning, which are considered important features for building a successful career in management.

Though a few of these colleges are very highly priced, yet the return on investment is generally good enough considering the efficient placement and career advancement opportunities. Graduates from such institutions command a high value in the job market, both in India and abroad; pursuing an MBA from such colleges, therefore, is always a worth-it deal.

MBA Entrance Exams Supported by Top 10 MBA Colleges in Jharkhand

The List of Top 10 MBA Colleges in Jharkhand As Per NIRF Ranking

Jharkhand, a state known for its rich mineral resources and industrial development, has been steadily making its mark in the field of higher education, particularly in management studies.

The National Institutional Ranking Framework (NIRF) is a significant benchmark for evaluating educational institutions in India, including MBA colleges. Here’s a detailed look at the top 10 MBA colleges in Jharkhand according to NIRF rankings, their fees, placements, and admission details.

1. Xavier Labour Relations Institute (XLRI), Jamshedpur

NIRF Ranking: XLRI Jamshedpur is consistently ranked among the top management institutes in India. It is renowned for its comprehensive MBA programs and exceptional faculty.

Fees: The fee structure for the two-year Post Graduate Programme in Management (PGPM) is approximately ₹24 lakhs.

Placements: XLRI boasts impressive placement records with top companies offering competitive salaries. The average salary package is around ₹20 lakhs per annum, with several international placements as well.

Specializations Offered: XLRI offers specializations in Human Resource Management (HRM) and Business Management (BM), among others.

Admission: Admission is through the Xavier Aptitude Test (XAT), followed by Group Discussions (GD) and Personal Interviews (PI).

2. National Institute of Technology (NIT), Jamshedpur

NIRF Ranking: Although primarily an engineering institute, NIT Jamshedpur has a notable MBA program ranked favorably by NIRF.

Fees: The fees for the MBA program are approximately ₹6.5 lakhs for the entire course.

Placements: The placement record is robust, with an average salary package of around ₹8 lakhs per annum. The institute has ties with various industries, ensuring good placement opportunities.

Specializations Offered: Specializations include Marketing, Finance, Operations, and Human Resource Management.

Admission: Admission is based on the CAT (Common Admission Test) scores, followed by group discussions and interviews.

3. 3. Institute of Management, Jamshedpur

NIRF Ranking:  This institute is recognized for its contributions to management education in Jharkhand.

Fees: The MBA program fees are approximately ₹4.5 lakhs for the two-year course.

Placements:  The placement records are strong, with average salary packages around ₹7 lakhs per annum.

Specializations Offered: The institute offers specializations in Finance, Marketing, and Human Resource Management.

Admission: Admission is through the CAT, followed by a GD and PI process.

4. Birla Institute of Technology (BIT), Mesra

NIRF Ranking: BIT Mesra is a well-regarded institute with a strong MBA program, often featured in NIRF rankings.

Fees: The fee for the MBA program is around ₹5 lakhs for the entire course.

Placements: BIT Mesra has a solid placement record, with average salaries around ₹6-7 lakhs per annum.

Specializations Offered: Specializations include Marketing, Finance, Operations, and HRM.

Admission : Admission is based on CAT scores, with subsequent group discussions and interviews.

5. 5. Jamshedpur Women’s College

NIRF Ranking:  Jamshedpur Women’s College is known for its focused MBA program and is gaining recognition in the field.

Fees:  The fees for the MBA program are approximately ₹3 lakhs for the two-year course.

Placements: The placement records are improving, with average salaries around ₹5 lakhs per annum.

Specializations Offered:  Specializations include Marketing, Finance, and HRM.

Admission:  Admission is through the CAT or MAT scores, followed by group discussions and interviews.

6. Ranchi University

NIRF Ranking:  Ranchi University offers a robust MBA program that is well-regarded in the state.

Fees:  The MBA program fees are about ₹2.5 lakhs for the full course.

Placements:  The university has a decent placement record, with average salary packages around ₹4-5 lakhs per annum.

Specializations Offered:  Specializations include Finance, Marketing, and Operations.

Admission:  Admission is based on the CAT or MAT scores, along with GD and PI.

7. Shiv Nadar University, Jharkhand

NIRF Ranking:  Known for its diverse academic offerings, Shiv Nadar University has a growing MBA program.

Fees:  The fee structure for the MBA program is around ₹7 lakhs for the two-year course.

Placements:  The placement record is developing, with average salaries in the range of ₹6-7 lakhs per annum.

Specializations Offered:  The university offers specializations in Marketing, Finance, and Operations.

Admission:  Admission is based on CAT scores, followed by group discussions and interviews.

8. Loyola College, Jamshedpur

NIRF Ranking:  Loyola College offers a well-rounded MBA program with a focus on management and leadership.

Fees:  The MBA program fees are approximately ₹4 lakhs for the entire course.

Placements:  Placement records are promising, with average salary packages around ₹5 lakhs per annum.

Specializations Offered:  Specializations include Marketing, Finance, and HRM.

Admission: Admission is through CAT or MAT scores, with GD and PI as part of the process.

9. Jamshedpur Institute of Technology

NIRF Ranking:  This institute is gaining prominence for its management programs.

Fees: The fees for the MBA program are approximately ₹3.5 lakhs for the entire course.

Placements:  The placement records are improving, with average salaries around ₹4-5 lakhs per annum.

Specializations Offered:  Specializations offered include Marketing, Finance, and Operations.

Admission:  Admission is based on CAT or MAT scores, with subsequent GD and PI.

10. Ranchi College

NIRF Ranking:  Ranchi College offers a growing MBA program with a focus on practical management skills.

Fees: The fees for the MBA program are about ₹3 lakhs for the full course.

Placements: Placement records are decent, with average salary packages around ₹4 lakhs per annum.

Specializations Offered: Specializations include Finance, Marketing, and HRM.

Admission: Admission is based on CAT or MAT scores, with GD and PI rounds.

Is Admission To Top MBA Colleges in Jharkhand Worthy?

Admission to top MBA colleges in Jharkhand is often considered a good investment due to the quality of education, exposure to industry practices, and robust placement records.

Institutions like XLRI Jamshedpur and NIT Jamshedpur have established themselves as leaders in management education, offering strong academic programs and excellent career prospects.

While the fees can be high, the return on investment is typically significant, given the high placement packages and career opportunities available to graduates.

MBA Entrance Exams Supported by Top 10 MBA Colleges in Jharkhand

The top MBA colleges in Jharkhand commonly accept scores from major MBA entrance exams. These include:

– CAT (Common Admission Test) : The most widely accepted entrance exam for MBA programs in India.

– XAT (Xavier Aptitude Test) : Specifically used by XLRI and some other institutions.

– MAT (Management Aptitude Test) : Accepted by several institutes for their MBA programs.

-CMAT (Common Management Admission Test) : Another entrance exam accepted by many management colleges.

10 MBA Colleges in Jharkhand Admission Eligibility

Eligibility criteria for admission to the top MBA colleges in Jharkhand generally include:

– Bachelor’s Degree:  A recognized undergraduate degree in any discipline, usually with at least 50% marks.

– Entrance Exam Scores:  Valid scores from CAT, XAT, MAT, or CMAT, depending on the institute.

– Work Experience:  Some colleges may prefer or require prior work experience, although this is not always mandatory.

– Group Discussions and Interviews:  Shortlisted candidates often need to participate in GD and PI rounds as part of the admission process.

Placement Records of Top MBA Colleges in Jharkhand

Placement records are a crucial aspect of evaluating MBA colleges. The top MBA colleges in Jharkhand, such as XLRI Jamshedpur and NIT Jamshedpur, boast impressive placement statistics.

These institutions frequently see high average salary packages, with many graduates securing positions in leading national and international companies.

The placement process often involves pre-placement talks, campus interviews, and offers from a range of industries including finance, marketing, consulting, and operations.

In summary, the top MBA colleges in Jharkhand offer a range of programs with competitive fees and strong placement records. The quality of education, combined with the robust placement opportunities, makes them a worthy consideration for aspiring management professionals.

Whether it’s XLRI’s prestigious programs or emerging institutions, Jharkhand has several options for those looking to pursue an MBA and advance their careers. MBA colleges in Jharkhand accept scores from various entrance exams that assess a candidate

Conclusion

Choosing the right MBA college is crucial for shaping a successful career in management, and Jharkhand offers a range of top-tier institutions recognized for their academic excellence, industry relevance, and strong placement records.

From the prestigious XLRI Jamshedpur to the growing programs at institutes like NIT Jamshedpur and BIT Mesra, these colleges provide quality education, diverse specializations, and valuable industry exposure.

The investment in an MBA from these colleges is often justified by the high returns in terms of career growth and opportunities. By understanding the entrance requirements, fees, placements, and specializations offered by these top 10 MBA colleges in Jharkhand, prospective students can make informed decisions that align with their career goals and aspirations.

Whether seeking a leadership role in corporate sectors or venturing into entrepreneurship, Jharkhand’s MBA institutions offer the resources, networks, and guidance necessary to excel in the competitive world of business management.