LIST OF TOP MBA/PGDM COLLEGES IN BIHAR BASED ON 2020 RANKING

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Pranjal Singhal

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The list of top MBA colleges in Bihar includes 40 colleges which have been ranked by ranking agencies like Times and Business World. There are 17 government and 23 private MBA colleges in Bihar.

  • ISM Patna has been ranked as the best MBA college in Patna, Bihar by many ranking agencies.
  • Some other top colleges include IIM Bodh Gaya, Patna Women’s College, Patna, IIBM Patna, and Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur.
  • Admissions in these colleges are done through entrance exams like CAT and MAT and also on the basis of merit score.
  • The average MBA fees in Bihar is INR 2-4 lakh. Some institutes might charge less or more.

Read about Top MBA Colleges in Jharkhand

Top MBA Colleges in Bihar: Rankings

There are many ranking agencies which rank the top colleges in India based on various parameters. The methodology followed differs from agency to agency, but some of the common parameters include teacher-student ratio, placements, faculty quality and many more. NIRF, The Economic Times, The Week, and QS Rankings are some of the top college ranking agencies in India.

These agencies rank different institutes for different categories, including stream wise. Some of the top ranking lists include Top MBA Colleges in India, Top PGDM Colleges in Delhi NCR, etc. Mentioned below are the top MBA colleges in Bihar ranked by different ranking agencies.

Top MBA Colleges in Bihar: Business World Ranking

Business World is one of the top business magazines in India and is published fortnightly.

  • It ranks institutes on parameters including Leadership, Faculty Enhancement Programs, Admission Process, Curriculum, Placements, Research and Global Interface.
  • ISM Patna is only among the top MBA colleges in Bihar which has been ranked by the agency among other management colleges in India.
  • The institute ranks at 176th position in the entire list, fetching 766 marks out of a total of 2000. The college has been awarded the highest score under the category of leadership.
  • The average MBA fees at ISM Patna is INR 1,85,000 per year.

Top MBA Colleges in Bihar: Times B School Ranking

Times has collaborated with Xcel data matrix to conduct it's seventh top B schools in India survey. 

  • Times has ranked International School of Management (ISM), Patna as the best MBA college in Bihar.
  • The institute ranks at 52nd position in the entire list, the first rank being secured by IIM Kozhikode.
  • Many top colleges like Indian Institute of Management (IIM), Ahmedabad and Indian Institute of Management (IIM), Banglore did not participate in the survey and many of those who did could not make it to the list of top 100 MBA colleges in India.

Top MBA Colleges in Bihar: ROI (Return on Investment)

Bihar has over 40 MBA colleges which include both government and private institutions. When it comes to the cost of pursuing an MBA, then one can not deny that the tuition fee for the course itself can reach up to 10 lakhs at times. So it becomes important to know the ROI, as it solves the dilemma of whether investing in a particular institute is worth it or not. LIsted below are the top MBA colleges in Bihar ROI wise.

College Name

Average Annual Fee

Average Placement Package

ROI Rank*

IIM Bodh Gaya

INR 5,10,000

INR 10,57,000

1

CIMP Patna

INR 3,40,000

INR 6,50,000

2

ISM Patna

INR 1,85,000

INR 3,50,000

3

Amity University, Patna

INR 2,66,000

INR 4,80,000

4

*ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%

Though IIM Bodh Gaya hasn’t been ranked by any ranking agency so far, the institute ranks as the best MBA college in Bihar ROI wise.

Top MBA Colleges in Bihar: Admission Process

Admissions in the 23 private and 17 government MBA colleges in Bihar are done through entrance tests and also on the basis of merit. The following chart gives a glimpse into their ratio.

Number of Top MBA Colleges in Bihar

Source: Official Survey

The most commonly accepted MBA entrance exams are CAT, MAT, XAT and CMAT. Have a look at the table below to read in detail about them.

Exam Name

Description

No. of Colleges Accepting in Bihar

CAT

India’s premier entrance test for admission into IIMs and other top MBA colleges in India. The Common Admission Test (CAT) is conducted in November every year.

13

MAT

The Management Aptitude Test is conducted by AIMA 4 times a year throughout the country. It is held in February, May, September, and December. 

13

CMAT

The Common Management Admission Test is conducted in January by NTA for admission in more than 1000 AICTE approved MBA colleges.

9

XAT

XAT is conducted in January by XLRI Jamshedpur. The exam result is accepted by many other colleges in India.

8

Indian Institute of Management (IIM), Bodh Gaya

  • The Indian Institute of Management (IIM), Bodhgaya was set up in 2015 by the Government of India to cater the requirement of students seeking quality and professional education in Bihar.
  • The institute offers postgraduate and doctoral programs pertaining to management. The institute relies on the test scores of the Common Admission Test (CAT) for shortlisting students.
  • There are a total of 120 seats available for MBA at IIM Bodh Gaya. So from this fact, the trend of the cutoffs reaching at the threshold every year seems very obvious.
  • Admissions are done on the basis of the composite score prepared by taking into account the CAT score and their Personal Appearance Process which includes Written Ability Test (WAT), Personal Interview (PI), Past Academics and Prior Work Experience.

The college is well known for its placement records.

  • In 2019, a total of 46 offers were made to the students. The highest salary package offered was INR 16 LPA and the average salary package offered was INR 10.57 LPA.
  • Some of the top recruiters of the institute include Reliance Groups, State Bank of India, Kotak Mutual Funds, VLCC, BYJUs, Airtel, YES Bank, DS Group, BIBA, Capital Trust, Shree Cement Limited, etc.

The institute has released the Interim Report for Placement 2020, but the season has not been concluded yet. Due to coronavirus spread, placement processes have been halted for some time.

The following chart compares the average package and highest package offered at IIM Bodh Gaya.

IIM Bodh Gaya MBA Placement Packages

Source: Official Website

Chandragupt Institute of Management, Patna

  • Chandragupt Institute of Management is a public institute which offers Post Graduate Diploma and Fellow Program in Management, Marketing, Finance, etc.
  • The institute has been ranked among the top 20 institutes in India for economic research. The institute also holds 3rd rank among some of the top B schools in India by the Indian Institutional Ranking Framework (IIRF).
  • CIMP Patna accepts the score of CAT, XAT, MAT for shortlisting candidates for admission into various courses.
  • The institute also offers opportunities for foreign exchange with universities abroad to students.

The diagram given below shows the weightage assigned to different parameters involved in the selection process.

CIMP Patna Admission Criterion

Source: Official Institute Website

  • The average placement package here is INR 6,50,000 while the highest package has been INR 12,00,000.
  • Some of the top recruiters here include ICICI Bank, HDFC Bank, AMC, YES Bank, Asian Paints, Amul, The Federal Bank, Future Retail Limited, IndusInd Bank, Chaitanya India, Fin Credit Pvt Ltd, Medha Learning Foundation, and Zomato Media Pvt Ltd.

International School of Management (ISM), Patna

The International School of Management (ISM), Patna is the only MBA college in Bihar ranked by any ranking agency.

  • It offers a 2-year full-time PGDM course in Marketing, Finance, Human Resource, and IS/IT.
  • The institute’s PGDM course is divided into 6 trimesters with a total of 114 credits.
  • Out of these, 3 credits are for the summer internship done by the students in the break between the 2 years.
  • Students get to choose electives from all the 4 specializations in their second year of education.

The following chart shows the placement percentage for specializations in ISM Patna’s Summer Placements of batch 2017-19.

ISM Patna Management Placements

Source: Official Institute Website

Top MBA Colleges in Bihar: Entrance Exam Wise

The students who prefer to pursue their career in the top MBA colleges in Bihar can apply through the national level entrance exams. These include CAT, XAT, MAT, CMAT and many others. Categorized below are these colleges entrance exam wise.

Top MBA Colleges in Bihar Through CAT

CAT is an online selection test conducted every year by IIMs on a rotational basis. Qualifying it leads to admission in IIMs as well as some other top private MBA colleges in India. It is conducted annually. Some of the top MBA colleges in Bihar accepting CAT are mentioned below:

  • Indian Institute of Management (IIM), Bodhgaya
  • Indian Institute of Business Management (IIBM), Patna
  • Chandragupt Institute of Management, Patna
  • Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur
  • Amity University, Patna

Top MBA Colleges in Bihar Through MAT

Management Aptitude Test is a national-level management entrance exam conducted by the All India Management Association (AIMA) for admission to MBA/PGDM courses across the country.

  • It is conducted 4 times a year, in the months of February, May, September, and December.
  • More than 1000 B schools accept MAT scores for shortlisting candidates to provide admission to their postgraduate management programmes.

Some of the top MBA colleges in Bihar accepting MAT are mentioned below:

  • Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna
  • Gaya College, Gaya
  • Amity University, Patna
  • Sachchidanand Sinha College, Aurangabad

Also Check,

Top MBA Colleges in Bihar: Placement Wise

Bihar consists of many top MBA colleges which offer decent placement opportunities to the students. Top institutes like Indian Institute of Management (IIM), Amity University, Chandragupt Institute of Management contribute towards this.

  • IIM Bodhgaya ranks as the best MBA college in Bihar on the basis of placements. The average package offered here is INR 10,57,000.
  • Some other colleges like Chandragupt Institute of Management, Amity University, Indian Institute of Business Management also provide good placement with comparatively less investment cost.
  • Some of the top recruiters of these colleges are ITC, Airtel, Gartner, Amazon, Capgemini, CISCO, Bandhak Bank, BYJU's, HDFC Bank, ICICI Bank, JP Morgan among many others.

The graph below shows the average CTCs in these colleges.

CTCs offered in Top MBA Colleges In Bihar

Source: Official Institute Websites

Placements depend upon the MBA specialization you choose. Click on the links below to check top MBA colleges in Bihar specialization wise.

Top MBA Colleges in Bihar for Marketing

Marketing is one of the most chosen streams by MBA aspirants. One of the reasons for its popularity is the high number of recruiters the specialization sees. Around 60% of companies seek graduates who are from the marketing sector.

Below mentioned are some of the top MBA Marketing colleges in Bihar.

  • Indian Institute of Management (IIM), Bodhgaya
  • International School of Management (ISM), Patna
  • Chandragupt Institute of Management, Patna
  • JD Women's College, Patna

Also Check,

Top MBA Colleges in Bihar: FAQs

Ques. How to get admission into top MBA colleges in Bihar?

Ans. All the top MBA colleges in Bihar take admissions through the common entrance tests like CAT, MAT, XAT.

Ques. Can residents of any other state apply to the colleges in Bihar?

Ans. Yes, residents of any state can apply to the colleges in Bihar

Ques. Which private college is best for MBA in Bihar?

Ans. International School of Management (ISM), Patna is the best private college for MBA in Bihar.

Ques. Which MBA college in Bihar offers the best placement packages?

Ans. Indian Institute of Management, Bodhgaya offers the best placement packages.

Ques. How much does it cost to pursue an MBA in Bihar?

Ans. The cost of pursuing an MBA in Bihar can range anywhere between INR 1 lakh to 10 lakh.

Ques. What is the cutoff mark for CAT?

Ans. Different colleges release their own set of cutoffs. There is no specific cutoff as such. However, scoring 80+ percentile puts one on a much safer side. Check Detailed CAT Cutoff 2020

Ques. Which MBA specialisation offers the highest salary?

Ans. MBA Business Analytics and MBA Marketing are two of the most rewarding MBA specialisations in India.

Reviews

U
8.0 /10

Campus Life :

To make students realise the importance of everything in their lives, a lot of activities are organised. The main purpose of such activities are usually to relax students but it also provides an opportunity to the students to learn something else as well.

Course Curriculum Overview :

To ensure that the student walks out of this college fully prepared, they have structured the curriculum of the MBA program in a manner that it covers anything and everything. It also conducts regular exams, internals and practicals.

Admission :

After graduating from Gopal Narayan Singh University - [GNSU], Bihar in BBA, I knew that I wanted to do MBA from the same college itself because I love all the things about this college from curriculum to faculty to everything.

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D
8.0 /10

Placement Experience :

The placements in my college were quite average. The college was working on improving the placements offered to it's students. The companies used to visit our college in the last semester to select candidates for placement on the basis of interview conducted by them.

Campus Life :

The societies which were formed in our college included that of sports, NSS, NCC, debating, dancing,etc. Many extracurricular programs and competitions were also organized by our college to motivate students and help them transform in all rounder personalities.

Admission :

After completing my schooling, I applied for admission in tilka manjhi bhagalpur university to enroll for bcom course. Fortunately, I got admission in the college on merit basis and soon after the session began when all the admission procedures were done.

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