Over time, Patna, the capital of Bihar, has always emerged as an important educational hub in the Indian eastern region.

While a majority of students usually seek higher education in cities such as Delhi, Mumbai, and Bangalore, this place has established itself as a major center for quality education, mainly for management studies.

Some of the finest MBA colleges have surfaced in this city, specializing in courses, with very good placement, quality infrastructure, and experienced faculty.

Over the last few years, there has been increasingly raised demand for MBA professionals in various sectors. This consequently made Patna’s MBA institutions important.

This article shines lights on Top 10 MBA colleges in Patna through various parameters like NIRF ranking, fees, placements, and NAAC accreditation.

Its emphasis remains primarily on what will help the prospective student make the right decision by elaborating the strengths and weaknesses of the institutions. We shall also provide entrance examinations that are accepted in these colleges and eligibility criteria for entrance into these colleges.

 

S. no	College name	Fees	Salary	Nirf	Naac
1	CIMP	6.5	7-8 LPA	100	B++
2	AUP	6-7 LPA	5-6 LPA	110	A
3	IIBM	2 LPA	4-5 LPA	250
4	MADAGH UNI	50,000 – 1 LPA	3-4 LPA	250	B
5	ANC	50,000-1 LPA	3-4 LPA	200+	A
6	SXCMT	3-4 LPA	3-5 LPA	150 +	A
7	PATNA UNI	1-1.5 LPA	4-5 LPA	94	B++
8	AKU	2-3 LPA	3-4 LPA	86
9	BIT	6-7 LPA	5-6 LPA	120	B++
10	NOU	20,000- 30,000	2-3 LPA	150+

 

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

Patna may not have as many institutes as a city like Delhi or Bangalore, but it has its very own list of accepted colleges and most of them have proven years of academic excellence. Most of these colleges are either affiliated with repute universities or autonomous institutes known for academic value and placement achievements. Now, let’s explore the top 10 MBA colleges in Patna based on different criteria for NIRF ranking, NAAC accreditation, fees, and performance in placements.

1. Chandragupt Institute of Management Patna (CIMP)

• NIRF Ranking: CIMP is one of the very few institutes from Patna that consistently enters into the top 100 management institutes in India under NIRF rankings.
• NAAC Accreditation: The institute has an accreditation with a B++ grade by NAAC, which speaks a lot about the same in terms of academic rigor as well as infrastructure.
• Fees: The total fee for the MBA program is approximately ₹6.5 lakhs.
• Placements: The placement record of CIMP is excellent with an average package of ₹7-8 LPA. Reputed companies like HDFC Bank, ICICI Bank, Tata Steel, and PwC visit the campus for regular recruitment.
• Specializations Offered: Specializations available in the college are Finance, Marketing, Operations, and Human Resource Management.

 

2. Amity University, Patna

• NIRF Ranking: The NIRF ranking is not separately available for Amity University Patna but the institution, Amity University, is rated high in management studies in India.
• NAAC Accreditation: The campus of Patna has an ‘A’ grade accreditation by NAAC.
• Fees: The entire MBA program cost ranges from ₹6 to ₹7
• Placements: There is a fully functional placement cell at Amity offering an average package of ₹5-6 LPA with companies recruiting like Amazon, Wipro, and Deloitte.
• Specializations Offered: Finance, Marketing, IT,

International Business, and Human Resources specializations are available at Amity.

3. Indian Institute of Business Management (IIBM), Patna

• NIRF Ranking: IIBM is not ranked by NIRF. It is one of the oldest business schools in Patna.
• NAAC Accreditation: IIBM does not have NAAC accreditation, which would impact its ranking. However, it has decent industry connectivity.
• Fees: The fee for the whole MBA program is around ₹1.5 to 2
• Placements: Average salary package of IIBM ₹4-5 LPA.

Students are recruited by banking and retail companies.

• Specializations Offered: IIBM provides specializations in Marketing, Human Resources, Finance, and Operations.

 

4. Magadh University, Bodh Gaya (Department of Management Studies)

• NIRF Ranking: Although not ranked by NIRF, yet Magadh University is a known state university, and the management department of this university is strong.
• NAAC Accreditation: The university is accredited by NAAC with grade B.
• Fees Structure: The fee of MBA programmes ranges between ₹50,000 to ₹1 lakh.
• Placements: The placement cell of Magadh University is underway with an average salary package of ₹3-4 LPA. Several organizations belonging to the government and education sectors used to visit the college.
• Specializations Offered: The university provides General MBA as well as specializations in Finance and Marketing.

 

5. Anurag Narayan College (ANC), Patna

• NIRF Ranking: ANugrah Narayan College ranks among the top institutions for undergraduate and postgraduate courses although not specifically ranked for MBA.
• NAAC Accreditation: ANC has an ‘A’ Grade issued by NAAC.
• Fees: The MBA fee structure is also quite budget-friendly, ranging between ₹50,000 to ₹1 lakh.
• Placements: The average package offered is around ₹3-4 LPA, and many local and regional companies from various sectors recruit from this institution.
• Specializations Offered: The college offers specializations in General MBA, Marketing, and Finance.

 

6. Patna University (Department of Business Administration)

• NIRF Ranking: Patna University’s MBA program is not ranked under NIRF but holds a strong reputation in the region.
• NAAC Accreditation: It has an accreditation grade of B++ issued by the NAAC.
• Fees: MBA programme tuition fee varies in the range of ₹1 to ₹1.5 lakhs.
• Placements: The placement record in the university is improving with an average deal size of ₹4-5 LPA, while the key recruiters in campus recruitment are from the telecom and banking sectors.
• Specialization offered by Patna University: Finance, Marketing, Human Resources, etc.

 

7. St. Xavier’s College of Management and Technology (SXCMT), Patna

• NIRF Ranking: The college is not ranked by NIRF. However, it has a good reputation in management education.
• NAAC Accreditation: The college is accredited with an ‘A’ grade by NAAC.
• Fee Structure: The whole MBA program fee is between ₹3 to ₹4 lakhs.
• Placement: The average placement package is ₹3-5 LPA and the number of companies visiting the campus is increasing year by year.

Specialisations: available in finance, marketing, and human resources.

 

8. Aryabhatta Knowledge University (AKU), Patna

• NIRF Ranking: University is not ranked under NIRF but it is turning out to be a technical and management education institution.
• NAAC Accreditation: AKU is yet to be rated with NAAC accreditation.
• Fees: The total MBA fees lie in the range of ₹2 to ₹3 lakhs.

Placements:  Average salary packages between ₹3-4 LPA, with some known recruiters from the finance and IT sectors recruiting from the institution.

Specializations Offered:  Finance, Marketing, Operations, and HR specializations available at AKU.

 

9. Birla Institute of Technology (BIT), Patna

• NIRF Rank: BIT Patna is a constituent of the BIT Mesra group, which is a well-established name in technical and management education.
• NAAC Accreditation: The Patna campus has been accredited with a B++ grade by NAAC
• Fees : The total fee for the MBA program is between ₹6 to ₹7

Placements: The average package goes around ₹5-6 LPA, with major top-tier companies from finance, IT, and marketing sectors coming to the campus for recruitment.

Specializations Offered: BIT Patna offers specialisation in Finance, Marketing, and Human Resources.

 

10. Nalanda Open University (NOU), Patna

• Ranking of NIRF: NOU has no ranking under NIRF. It is also the most accessible in the region for distance education.
• NAAC Accreditation Status: The university has yet not received any accreditation through NAAC.

Tuitions: The university offers very affordable tuition. The total tuition for the whole course of MBA goes between ₹20,000 to ₹30,000.

• Placements: NOU placements are currently in developing stages with an average package of ₹2-3 LPA. Being an open learning system, the students are free to pursue any job during their study time.

-Specializations Offered:  NOU offers General MBA along with specializations in Marketing, Finance, and Human Resources.

 

Is Admission to Top MBA Colleges in Patna Worth It?

Pursuing an MBA from top MBA colleges in Patna can indeed be a good investment.

Increasing economic pursuits, the rising interest of big-ticket corporations in this region, and reasonably inexpensive education fees make Patna an alluring option for a student pursuing management education.

Though institutions here cannot be compared with the prestige of IIMs or premier private institutions in metros, they still have one advantage or the other to their names.

1. Economical MBA: The thing most attracted in the MBA of Patna is its comparatively low fee structure.

Notably, it comparatively charges far smaller fees than its peers in other cities like Delhi, Mumbai, or Bangalore. Thus, an MBA in Patna easily comes into reach for a student from a middle-class family.

2. Improving Placement: The placement scenario of Patna is also improving from year to year.

The recruitment process is now going on from these sectorscomprising banking, IT, finance, retail, and consulting, especially at the colleges in Patna.

The MBA Colleges Patna normally offer decent placement packages, with some offering an average package of around ₹78 LPA, which is pretty competitive for the fees that go here.

3.Regional Advantage: For students from Bihar and its surrounding areas, a huge advantage of staying at home and attending classes at Patna may be that for many families it will be imperative.

One also saves on cost since the city tends to be inexpensive.

4.Development of Infrastructures: In the past years, most of the institutions in Patna have carved out for themselves as a modern campus with ‘state-of-the-art’ infrastructures.

These infrastructures provide an appropriate background for a learner to learn and flourish.

It would be worthwhile to consider getting an MBA degree from one of the top MBA colleges in Patna, for students who consider that cost-effective education is a priority and who are seeking quality management training in a developing region.

With increasing placement opportunities, reasonably priced fees, and improving infrastructure, Patna’s institutions seem like likely to become significant players in the India management education landscape.

Conclusion

In conclusion, pursuing an MBA from one of the top MBA colleges in Patna is a worthy consideration, especially for students who prioritize cost-effective education and are looking for quality management training in a developing region.

With growing placement opportunities, affordable fees, and improving infrastructure, Patna’s institutions are on the path to becoming significant players in India’s management education landscape.