The top MBA colleges in Jharkhand include XLRI Jamshedpur, IIM Ranchi, Birla Institute of Technology (BIT), Indian Institute of Technology (ISM)-Dhanbad, etc. The city has 52 dedicated colleges offering MBA in-class tutoring and/or distance education mode.

• There are a total of 52 MBA colleges in Jharkhand, out of which 16 are Government colleges while 35 are top private MBA colleges in Jharkhand.
• Business Schools in Jharkhand are known for their state-of-the-art infrastructure and quality education. Students from all over the country and all around the world attend the colleges here.  
• Xavier School of Management is ranked as the best MBA college in Jharkhand by many ranking agencies.

Top MBA Colleges in Jharkhand: Rankings

The top-ranking agencies in India conduct in-depth research using different methodologies and parameters to score the institutes. The data is usually provided by the participating institutes and only those institutes ranked who have participated in the ranking survey of the particular agency. Some of the good-ranking agencies in India are NIRF, India Today, Outlook, and The Week.

These agencies do release a list of the top Management colleges in India, and some also release different lists for MBA/PGDM colleges. For the rankings which are given below, we have referred to the law college ranking list of NIRF Ranking 2022, India Today Ranking 2021, Outlook, and The Week Ranking 2021.

Top MBA Colleges in Jharkhand: NIRF Ranking 2022

National Institutional Ranking Framework is a method adopted by the Indian government to rank top Education institutions in India based on various parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for different domains. NIRF is the most trustworthy and popular Ranking agency in India.

NIRF ranks the institutions across India based on 5 parameters and they are (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and, (5) Perception. The rendered pie chart below depicts the weightage of different parameters used for Ranking top colleges in India:

• XLRI Xavier School of Management is the best MBA college in Jharkhand followed by IIM Ranchi.
• IIT Dhanbad (Indian Institute Of Technology, Dhanbad) ranks 46th in All India Rank among all the top management colleges in India, as per the NIRF survey. 
• The other premier institute included in this list is BIT Mesra, Ranchi.

Top MBA Colleges in Jharkhand: The Times Ranking 2022

The Times is one of the most reputed and largest-selling English-language daily newspapers in the world. Every year, Optimal Media Solutions - The Times in partnership with Avance India conducts a survey and releases a list of Top Education Institutions in India for different domains. The Times ranking considers different parameters to rank a college.

As per the Times Ranking 2022, Xavier School of Management - XLRI Jamshedpur is the best MBA college in Jharkhand. It is one of the top-ranked and best private MBA colleges in India. The Institute is well renowned for its MBA Courses and offers various Management courses such as PGDM, Executive MBA/ PGDM, FPM, etc. XLRI Jamshedpur has a seat intake of 480 and 140 for MBA/ PGDM and Executive MBA/ PGDM courses.

• The Times Ranking 2022 has published a list of the top 150 Management colleges in India. There are only 2 colleges from Jharkhand that managed to secure a place on the list.
• Xavier School of Management - XLRI Jamshedpur is the best MBA college in Jharkhand. The Institute is ranked 2nd by The Times 2022 in the list of top MBA colleges in India. 
• Xavier Institute of Social Service-Ranchi has also managed to secure a place on the list. XISS Ranchi is ranked 52nd place.

Below is the list of top MBA colleges in Jharkhand ranked by The Times Ranking 2022.

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

ROI is of great significance when choosing a college. It helps one in calculating how profitable education is and how long will it take to get a satisfying return on the investment. Comparing ROI while arriving at a decision can drastically change the course of a career post-graduation. Here are the top MBA colleges in Jharkhand, ranked based on the ROI they offer:  

• As the list discloses, Ranchi University offers the best ROI, as the fee structure for this college is rather low, and the average placement package is moderate.
• IIM Ranchi (Indian Institute of Management, Ranchi) has a rather remarkable ROI, as it ranks 2nd on the list. 

Top MBA Colleges in Jharkhand: Admission Process

There are a total of 45 top MBA colleges in Jharkhand, out of which 29  are private and 16 are government (public). Admission to management courses is done based on the entrance exams. Some of them are CAT, GMAT, XAT, and GRE. The following graph shows the ratio of private and public colleges in a better way:

Source: Official Survey

IIM Ranchi

Indian Institute of Management, Ranchi is one of the best MBA colleges in Jharkhand and is ranked 20th among all the top B-schools in India as per NIRF. 

• The institute has also been ranked as the 2nd best college in Jharkhand.
• IIM Ranchi offers a 2-year Post-Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Human Resource Management (PGDHRM), along with four and five-year fellowship and executive programs.
• Admissions at IIM Ranchi are done based on merit in the CAT, GMAT, or GRE.
• The highest domestic package went up to INR 22.37 LPA for the academic year 2021, while the average salary was INR 15.11 LPA. 

XLRI Jamshedpur

Xavier Labour Relations Institute has been ranked as one of the topmost B Schools in Jharkhand, as well as in India. Several ranking agencies have ranked the institute at the No.1 position in Jharkhand.

• India Today has ranked the school as the No.1 Private B-School in India and 4th in the overall category of management schools. 
• XLRI Jamshedpur offers PGDM programs in several specializations including General Management, Human Resources Management, and Business Management.
• Admission to these courses is done based on an entrance exam conducted by the institute namely i.e. XAT. 
• The average fees of PGDM courses vary as per specialization. For Business Management, the institute has 360 seats and for General Management, there are 120 seats available.

XLRI Jamshedpur Placements

• XLRI Jamshedpur is one of the best private colleges in India and has a well-maintained placement cell that trains students to grab the highest possible placement packages.  
• XLRI Jamshedpur offers high ROI and has maintained a 100% placement record for the past few years and this year around 40.28% of the students received pre-placement offers.
• The Institute also conducts a summer internship placement drive. The average stipend is around INR 1.28 LPA while the highest stipend stood at INR 6.8 LPA.
• Most of the students got placed in the BFSI sector with lucrative packages at INR 60+ LPA; other major sectors include Consulting, Sales, and Marketing. 
• Boston Consulting Group, PWC, Amazon, PayTM, ITC, Accenture, etc. are some of the top-notch companies participating in the XLRI Jamshedpur Placements.

IIT Dhanbad

Indian Institute of Technology, Dhanbad is recognized by UGC and approved by AICTE. It offers various undergraduate as well as postgraduate programs. 

• The institute offers MBA in various specializations namely Marketing, Operations, Finance, and Human Resources. 
• The average annual fee of the program is INR 2,32,940.
• IIT Dhanbad offers admission to an MBA through a national-level entrance exam, i.e. CAT, which will be followed by group discussion and personal interview. 
• The institute has a male-female ratio of 70:30. 

The following graph shows the total number of students in the program specialization-wise.

Source: Official Website

Top MBA Colleges in Jharkhand: Entrance Exam Wise

Admissions to Jharkhand MBA colleges are done primarily through entrance exams like XAT, CAT, CMAT, and MAT. Some institutes take private exams like ATMA, as well as engineering exams like GRE. The admission also takes place based on merit and quota.

Top MBA Colleges in Jharkhand Accepting CAT

CAT or Common Admission Test is the premier entrance exam accepted all over India for admission to management courses. Over 600 institutes participated in the exam conducted on a rotational basis by the IIMs.

Some of the top MBA colleges in Jharkhand accepting CAT scores are mentioned below: 

• IIM Ranchi
• BIT Mesra
• ISM Ranchi
• Ranchi University
• Birsa Institute of Technology

Also, Check

• Top MBA Colleges in Jharkhand Accepting MAT
• Top MBA Colleges in Jharkhand Accepting XAT
• Top MBA Colleges in Jharkhand Accepting CMAT

Top MBA Colleges in Jharkhand: Placement Wise

The management colleges in Jharkhand offer students some of the best placement opportunities. An average management college in Jharkhand receives around 150+ offers.

• Top management colleges in India like IIM Ranchi, IIT Dhanbad, and Xavier School of Management, receive more than 300 offers.
• The average MBA salary in India is INR 9-10 LPA, with the highest packages jumping to 1 crore as well.
• Some of the top recruiters for MBA graduates in Jharkhand are Accenture, HDFC Bank, Amazon, Cummins, L&T, Reliance, and Tata Steel, among many others. 

The following graph shows the average salary package offered by the top MBA colleges in Jharkhand: 

Source: Official Websites

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Top MBA Colleges in Jharkhand for Finance

India’s finance industry is booming at a tremendous rate. With the growing investment, companies are hiring multiple people to handle finance for their companies.

Given below are some of the top MBA colleges in Jharkhand for Finance:

• Birla Institute Of Technology (BIT Mesra)
• Indian Institute Of Management Ranchi (IIM Ranchi)
• Ranchi University
• Cambridge Institute of Technology
• ICFAI University

Top MBA Colleges in Jharkhand for Marketing

Marketing is the new HR, says the expert reviewing placement cycles for decades. The advertising and marketing sector is set to $10 billion by the first quarter of 2021. With the influx of digital marketing and fierce competitors rising from mobile phones, the sector is growing at a rate of 30%.

Some of the top MBA colleges in Jharkhand for Marketing are as follows: 

• Indian Institute Of Management Ranchi (IIM Ranchi)
• Birla Institute Of Technology (BIT Mesra)
• Sai Nath University
• Institute of Science and Management (ISMR Ranchi)
• Ranchi University

Also, Check

Top MBA Colleges in Jharkhand: FAQs