Top MBA colleges in Patna include Chandragupt Institute of Management, DMI Patna, ISM Patna, etc. These colleges charge very low fees compared to other top colleges in India and offer satisfactory placements.
Multiple ranking agencies release the list of top colleges in India based on various criteria including Faculty Quality in the university/college, Placement Reports, Exam Pattern followed by the university, etc. Many agencies also include parameters like Perception of the university and Gender Diversity in the institute.
These lists are released for different categories including city-wise, state-wise, stream-wise, etc. Some of the popular streams for which rankings are generated every year are Engineering, Management, Law, Pharmacy, Architecture, etc. Ranking agencies like NIRF, Business Today, and Times B School release rankings like Top MBA Colleges in Bangalore every year. Given below are some of the rankings released for top MBA colleges in Patna.
National Institutional Ranking Framework also known as NIRF is a methodology adopted by the Indian government to rank top Education institutions in India. NIRF ranks an Institute based on 5 different parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for 8 different domains. NIRF is the most trustworthy and popular Ranking agency in India.
As mentioned above NIRF ranks a college based on 5 major parameters which carry different weightage to get a ranking. The following chart shows the weightage allocated to different parameters considered by NIRF for ranking top colleges in India.
Chandragupt Institute of Management is the only college in Patna that has been ranked by NIRF Ranking 2022.
|NIRF Ranking 2022||College Name||NIRF Score|
|102 - 125||Chandragupt Institute of Management||-|
Business World is one of the top Indian business magazines and is published fortnightly. The agency has offices located in New Delhi, Mumbai, Bangalore, and Chennai.
Learn More: International School of Management (ISM), Patna Scholarship, and Education Loan Facilities.
The Times B-School Survey has also mentioned only the International School of Management [ISM], Patna in its ranking list released for the year 2019.
Patna houses some of the best colleges which are also not very expensive when it comes to MBA education. The following table lists the top MBA colleges in Patna with fee structures.
|College Name||Average Annual Fee||Course Offered|
|Indian Institute of Business Management [IIBM]||INR 1,43,000||PGDM|
|LNMI Patna||INR 1,86,000||MBA|
|Anugrah Narayan College||INR 80,000||MBA|
|CIMP Patna||INR 3,40,000||PGDM/FPM|
|Amity University||INR 2,66,000||MBA|
|Patna University||INR 54,000||MBA/PGDM|
|Nalanda Open University||INR 5,500||PGDM|
|International School of Management [ISM]||INR 1,85,000||PGPM/PGDM|
|Dr. C.V. Raman University||INR 35,000||MBA|
|JD Women’s College||INR 80,000||MBA|
There is not much variation in fees when it comes to choosing the best private and government MBA colleges in Patna. To know more about these colleges and affiliations according to their type, go through the 2 links below.
Not many colleges in Patna release the cutoff lists for admissions in their MBA programs. Chandragupt Institute of Management (CIMP), Patna is one institute that accepts the score of CAT and CMAT and also releases cutoff lists for students. Given below are the CIMP Patna Cutoff 2021 details.
|CAT (PGDM Finance)||75|
|CAT (PGDM Marketing)||57|
Tabulated below is the list of top Private MBA colleges in Patna along with their fee structure.
|Name of the College||Course Fee (INR)|
|Amity University||2.66 LPA|
|BIT Mesra||5.89 LPA|
|IIBM||80,000 – 2.76 LPA|
|JD Women’s College (JDWC)||70,000|
|RP Sharma Institute of Technology||1 LPA|
Tabulated below is the list of Government MBA colleges in Patna along with their fee structure.
|Name of the College||Course Fee (INR)|
|Footwear Design and Development Institute (FDDI)||5.18 LPA|
|Chandragupt Institute of Management||7.65 LPA|
|LN Mishra Institute of Economic Development and Social Change||1.12 LPA – 1.6 LPA|
|Patna University||90,000 – 1.09 LPA|
|Nalanda College||1 LPA|
There are a total of 22 MBA colleges in Patna, out of which 14 are private and 8 are public. The following graph shows their ratio in a better way.
Source: Official Survey
Admissions are done in these colleges based on scores secured in the top MBA entrance exams. Some of such national-level MBA exams are CAT, NMAT, ATMA, and CMAT. The table below lists these top entrance exams and the number of top MBA colleges in Patna accepting their score.
Generally, 60-65% weightage is given to the entrance exam, 20-25% to the GD and PI, and the remaining 15-20% to the past academic records and other miscellaneous test rounds.
The International School of Management [ISM], Patna is the sole MBA college in Patna which has been ranked by any ranking agency among the top MBA colleges in India.
In the second year, students get to choose electives from all 4 specializations.
The institute has completed its placements session. The following chart shows the placement percentage as per the different specializations for ISM Patna’s Summer Placements of batch 2017-19.
Source: ISM Patna Official Website
CIMP Patna or Chandragupt Institute of Management, Patna offers students a 2-year full-time PGDM program.
The application form fee is INR 500 for general category students and INR 250 for students belonging to Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), and those who are Differently Abled (DA).
The following chart shows the weightage division for the different components involved in the selection process.
Source: CIMP Patna Official Website
CIMP Patna has completed its placement season 2020. The top recruiters who participated are listed below.
|HT Media||Bandhan Bank||KPMG|
|Voonik||Zomato||The Outlook Group|
Admissions to these 22 top MBA colleges in Patna are done through national-level management exams only. These include CAT, XAT, ATMA, and NMAT. Bihar does not conduct any state-level entrance exam for admission in MBA/PGDM courses. Mentioned below are some of these colleges in the city categorized according to the entrance exam score they accept and the entrance exam scores they don’t accept.
CAT or Common Admission Test is a national-level entrance exam conducted for admissions in the top management colleges in India. Every year, more than 2 lakh candidates appear for the CAT exam. CAT 2020 Result was released in the first week of January 2021. Out of 22, there are only 7 top MBA colleges in Patna accepting CAT scores. Some of these are listed below.
Indian Institute of Business Management [IIBM], Patna
MAT or Management Aptitude Test is conducted by AIMA (All India Management Association) for admissions to top B schools in India.
The exam is conducted in both Pen-Paper mode and Online Computer Mode.
Following are some of the top MBA colleges in Patna accepting MAT scores.
Catalyst Institute of Management and Advance Global Excellence [CIMAGE], Patna
The placements season for the 2019 batch has finished in every institute, many colleges would have completed their 2020 placement also, if not for Coronavirus. Many colleges have also achieved huge packages in the summer placements this year. The top MBA colleges in Patna have witnessed the arrival of some of the best management recruiters from the country this year.
The below graph shows the CTC offered in top MBA colleges in Patna.
Source: Official Institute Websites
The top recruiters in these companies include:
McKinsey & Company
J P Morgan
Placements depend a lot upon the stream you choose. So, check the best colleges stream-wise by clicking on the links below.
Marketing is an evergreen field and employs the highest number of MBA graduates. Out of all the recruiters visiting a particular campus, more than 60% are from the marketing field. India’s marketing sector is also the 2nd fastest growing market in Asia. So, check these top MBA colleges in Patna for marketing to increase your good career prospects.
Ques. Which is the best college for MBA in Kolkata?
Ans. IIM Calcutta is undoubtedly the best college for MBA in Kolkata. Other top MBA colleges in Kolkata are IMS Kolkata, IBS Kolkata, IISWBM, etc.
Ques. Which MBA gives the highest salary?
Ans. MBA Marketing and MBA Business Analytics have shown to be the most rewarding streams.
Ques. Is BBA better or BCom.?
Ans. Click here to check a good comparison of BBA and B.Com. course.
Ques. What is an MBA salary in India?
Ans. The average MBA salary in India is INR 7.17 lakh.
Ques. Which private college is best for MBA?
Ans. In Patna, the best private college for MBA is the International School of Management [ISM].
Ques. What is the salary of an MBA in IT?
Ans. The average salary for MBA in IT is INR 9.8 lakh.
Ques. Is IEM Kolkata good for MBA?
Ans. IEM Kolkata is really good for an MBA in Marketing. The institute registers 100% placement in this field. For other fields like Finance and HR, IEM Kolkata placement stays around approximately 60%.
Ques. Is maths required for MBA?
Ans. Although Maths is an essential component of your management education, yet many top MBA colleges in India allow students to pursue MBA/PGDM even if they are not from a mathematics background.
Ques. Can I do MBA after my BA?
Ans. Yes, you can do an MBA after completing your BA degree.
Ques. What is the salary of PGDM?
Ans. The average PGDM salary in India is INR 7 lakh.
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