Top 10 MBA Colleges in Ranchi – NIRF Ranking, Fees, Placements

If you look to pursue an MBA in Ranchi, then you have just made an excellent choice. Ranchi is the capital of Jharkhand and constitutes many prestigious management institutes serving the differential needs of aspiring business analysts.

This article provides a comprehensive guide on the top 10 MBA colleges in Ranchi, with respect to rankings according to NIRF, along with knowledge about their fees, placement records, admission processes, and specializations they offer.

S no	Collage name	Fees	Salary	Nirf	Naac
1	IIM	16 -18 LPA	32-34 LPA	20	A
2	XISS	8 -9 LPA	12-14 LPA	100	A+++
3	BIT	6-8 LPA	10 -11 LPA	50	A
4	ISM	2.5-3.5 LPA	4-5 LPA	17	A+
5	RANCHI UNI	30,000-40, 000 yr	3-4 LPA	100	B++
6	CIT	2.5-3 LPA	3 -4 LPA	105	C
7	BIT	1.5 -2. 5 LPA	2-3 LPA	100	A
8	JRU	2.5 -3 LPA	2-3 LPA	12	C
9	UMU	1.5-2 LPA	2-3 LPA	100	C
10	SITM	2-2.5 LPA	2-3 LPA	54	B++

 

Top 10 MBA Colleges in Ranchi As Per NIRF Ranking

1. Indian Institute of Management (IIM) Ranchi

–  NIRF Ranking:  Within top 20 of India.

–  Fees: Approximately ₹ 16-18 lakhs for the entire course

– Placement Records:  Average salary packages have gone up from ₹ 16-17 LPA, with the highest package reaching as high as ₹ 32-34 LPA.

– Specializations Offered:  General Management, Human Resource Management, and Business Analytics.

– Overview:  IIM Ranchi is the most prestigious MBA college in Ranchi that is known for its good faculty, an intensive curriculum, and decent placements. The programs offered include MBA in General Management, MBA in HR, and Executive MBA.

2. 2. Xavier Institute of Social Service (XISS), Ranchi

– NIRF Ranking Ranked consecutively in the top 100 management institutes in the country.

– Fees:  ₹8-9 lakhs for the entire course.

– Placement Records: Average salary package ₹6-7 LPA, with highest package uptu ₹12-14 LPA.

– Specializations Offered:  Human Resource Management, Rural Management, Information Technology, Finance, and Marketing.

– Overview: XISS Ranchi is a leading institute for social service and management education. Specialization areas include Human Resource Management and Rural Management. It has a long tradition of adding to the management corpus with a social outlook.

3. Birla Institute of Technology (BIT) Mesra

– Ranking:  Among the top 50 management colleges in India.

– Fees:  ₹ 6-8 lakhs for the entire course.

– Placement Records:  Average salary package of ₹ 5-6 LPA, maximum recordings up to ₹ 10-11 LPA.

– Specialization Offered:  Marketing, Finance, Human Resource and Information Technology.

– Overview: BIT Mesra has a great MBA course which is industry-oriented and has an emphasis on practical-oriented learning. The college has strong tie-ups with various corporations, ensuring good placement for the students.

4. Institute of Science and Management (ISM), Ranchi

– NIRF Ranking:  Not featured in NIRF ranking but holds a reputable standing in the region.

– Course Fees: Approximately ₹2.5-3.5 lakhs for the entire course.

Placement Records: ₹4-5 LPA in average salary package

Specializations Offered: Finance, Marketing, HR, Operations Management.

Overview: ISM Ranchi is renowned for their affordable fees structure and good management education. It has a reasonably regular placement record, mainly with local and regional job opportunities.

5. Ranchi University

– NIRF Ranking:  Not in the top 100 management institutes according to NIRF ranking.

– Fees:  ₹ 30,000- 40,000 per year

– Placement Records:  Average salary package: ₹3-4 LPA

– Specializations Offered:  General Management, Finance, and Marketing.

– Overview:  Ranchi University offers an MBA on a low budget with decent enough placements. It’s the perfect fit for those who want a management degree on a tight budget.

6. Cambridge Institute of Technology (CIT), Ranchi

– NIRF Ranking: Not ranked in NIRF but is one of the recognized regional-level MBA colleges.

– Fees:  ₹2.5-3 lakhs, approximately for the entire course.

– Placement Records:  Average salary package ranges from ₹3-4 LPA.

– Specializations Offered: Marketing, Finance, and Human Resource Management.

– Overview: The Sai Nath University is one of the latest universities that provide an MBA course. Under its syllabus, the institute has provided practical and application-oriented learning. The placement cell of this university is improving, yet it needs to put more effort into the corporate tie-ups and placements.

7. Birla Institute of Technology

– NIRF Ranking: Not among the top 100.

– Fees:  ₹1.5-2.5 lakhs for the entire course.

– Placement Records:  Average salary package of ₹2-3 LPA.

– Specializations Offered:  Finance, Marketing, and Human Resource Management.

– Overview:  Sai Nath University offers various courses like MBA, with a very strong orientation toward imparting education at rather reasonable costs and developing skills among its students.

8. Jharkhand Rai University

-NIRF Ranking:  Not listed in the NIRF ranking list.

– Fees: Approximately ₹1.5-2 lakhs for the entire course.

– Placement Records:  The average salary package is approximately ₹2-3 LPA.

– Specializations Offered:  Marketing, Finance, and HR.

– Overview:  Jharkhand Rai University offers an MBA with a focus on entrepreneurship and innovation. The institute is still in the process of building its reputation and placement records.

9. Usha Martin University

– NIRF Ranking:  Not within the top 100 list.

– Fees:  Approximately ₹1.5-2 lakhs for the entire course.

– Placement Records:  Average salary package is around ₹2-3 LPA.

– Specialization Provided:  General Management, Finance, and HR.

– Description:  Usha Martin University offers an MBA that focuses on building a strong foundation with regard to the fundamentals of business, and at an affordable cost.

10. Sai Institute of Technology and Management [SITM], Ranchi

– NIRF Ranking:  Not ranked in any category under NIRF.

– Fees:  Approximately ₹2-2.5 lakhs for two years (entire course).

– Placement Records:  Average salary package range from ₹2-3 LPA.

– Specialisations Offered:  Finance, Marketing, and Human Resource Management.

– Overview: SITM Ranchi offers an MBA that is well-balanced in theoretical and practical aspects of management. It aims to provide an adequate learning environment for its students.

Is Admission To Top MBA Colleges in Ranchi Worthy?

Yes, getting admission to top MBA colleges in Ranchi may prove to be very worthy, according to one’s career goals and financial investment capability. All the Colleges in Ranchi have different specializations and would cover most of the fields of management. The city is also easy on the pockets compared to metropolitan cities. Besides, a few institutes like IIM Ranchi and XISS have achieved national recognition and provide good campus placement.

Top 10 MBA Entrance Exams Accepted by Colleges in Ranchi

The best MBA colleges in Ranchi accept scores of different national and state-level entrance exams. The entrance exams accepted by the top institutes are mentioned in the list below:

IIM Ranchi:  CAT or Common Admission Test is compulsory.

XISS Ranchi:  It accepts CAT, XAT, CMAT, and MAT scores.

BIT Mesra:  CAT, XAT, CMAT and MAT scores are accepted.

• Other Colleges like ISM, CIT, Ranchi University, etc . Mainly accepts the scores of CAT, MAT, and sometimes CMAT or ATMA.

Wrapping up.

The Eligibility Criteria for Admission in Top 10 MBA Colleges in Ranchi

To get into the top 10 MBA colleges in Ranchi, the candidate needs to mainly meet the following eligibility criteria:

1. Academic Eligibility: Graduation in any discipline from a recognized university with a minimum of 50% marks (45% for SC/ST candidates).
2. Entrance Test: A valid score in national-level entrance tests such as CAT, XAT, MAT, CMAT, or institute-specific entrance tests.
3. Work Experience (if any): Some colleges will give more preference to students who have previously worked, especially in specialized or executive programs.
4. Group Discussion and Personal Interview (GD & PI) : A candidate clearing the cut-off of the entrance exam is normally supposed to go for GD and PI rounds.

Placement Records of Top MBA Colleges in Ranchi

Placement records are one of the crucial factors for selecting an MBA college. Following is the overview of the placement performance of the top MBA colleges in Ranchi:

– IIM Ranchi: Placement rate is almost 100%, with top recruiters like Deloitte, EY, KPMG, Amazon, and Infosys, among others. The average package ranges from ₹16-17 LPA.

– XISS Ranchi: Maintains a good placement percentage with companies like TCS, ICICI Bank, Aditya Birla Group, and Reliance amongst many. The average package is around ₹6-7 LPA.

– BIT Mesra:  Offers a very good placement record with companies such as Wipro, Cognizant, Capgemini, and HDFC Bank. Average packages were in the range of ₹5-6 LPA.

– Other Colleges:  The placement cells of the other colleges like ISM, Ranchi University, and CIT remain in their nascent stage. The average package received was generally between ₹2 to ₹5 LPA, primarily local or regional companies remained at the forefront of recruitment.

Conclusion:

Choosing the right MBA college is a crucial decision that can shape your career trajectory. The top MBA colleges in Ranchi provide a mix of affordable education and diverse.