Top MBA Colleges in Bihar 2024: Fees, Admissions, Placements & Rankings

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Update at May 8, 2024, 11:38 am

Bihar's impressive literacy rate of 70.91% showcases the tremendous value placed on education in the region. State MBA colleges in Bihar play an integral part of its educational landscape and can open doors for professionals looking for career advancement opportunities. Recent statistics demonstrate an increasing interest among Bihar residents in MBA programs. Colleges in Bihar are equipped with modern facilities and provide dedicated teachers to help students develop their management skills and contribute to Bihar's ever-evolving economic scene.

MBA Colleges in Bihar: Highlights 2024 

There are a total of 63 MBA colleges in Bihar out of which 33 are Government owned MBA colleges and the remaining 30 are Private MBA colleges. The MBA colleges with fee structure cost an average of INR 50,000 to INR 30,00,000 per year and the college admissions are entrance-based with national-level exams of CAT, MAT, XAT, GMAT, etc.

Here are some key highlights related to the Top MBA colleges in Bihar.

Total MBA colleges

63

Privately owned MBA colleges

30

Government-owned MBA colleges

33

MBA Programs Offered in Bihar

  • Two-Year Full-Time MBA
  • One-Year Full-Time MBA
  • Part-Time MBA
  • Online MBA  
  • International MBA
  • Executive MBA
  • Specialized MBA

Entrance Exams

  • CAT
  • MAT
  • XAT
  • CMAT
  • SNAP
  • ATMA

MBA specializations

  • Human Resource Management
  • Marketing
  • Finance
  • International Business
  • Supply Chain Management
  • Logistics

Top 10 MBA Colleges in Bihar

Bihar has a total of 63 MBA colleges, with IIM Bodh Gaya standing out as the premier institution, achieving the impressive 53rd rank according to the NIRF rankings. Notable contenders in the top league include Chandragupta Institute of Management, and Tilak Manjhi Bhagalpur University, among others.

S.No

MBA Colleges / University

City

Seats 

Entrance Exam Accepted

1

Patna University

Patna

235

MAT / CMAT

2

Lalit Narayan Mithila University

Darbhanga

60

MAT / CMAT

3

Aryabhatta Knowledge University

Patna

312

NEET UG

4

Sandip University

Madhubani

2110

MAT / XAT / CAT / MAHCET / SU JEE

5

Lalit Narayan Mishra Institute of Economic Development and Social Change

Patna

360

MAT / CMAT

6

Tilak Manjhi Bhagalpur University

Bhagalpur

60

 MAT / CAT / MAT / ATMA / XAT / CMAT 

7

Vaishali Institute of Business and Rural Management

Muzaffarpur

77

CAT / CMAT / XAT

8

International School of Management

Patna

120

MAT / CAT / XAT / CMAT

9

IIM Bodh Gaya

Gaya

384

CAT / JIPMAT

10

Chandragupta Institute of Management

Patna

127

MAT / CAT / XAT / CMAT

Admission Process For Top MBA Colleges in Bihar

Bihar is the centre of multiple of the best MBA colleges in Bihar and these institutes provide admission to students based on entrance exams, CAT MAT XAT CMAT SNAP ATMA, etc. Every institute has its admission process for the MBA program. Let’s have a look at the basic admission process required by the top MBA colleges in Bihar.

  • Interested candidates can apply to the university they are interested in through the online application process.
  • Candidates have to appear in and qualify for the national-level entrance exam accepted by the university.
  • Qualified candidates are then called by the university through email.
  • The candidate’s personal interview and group discussion are conducted.
  • The final admission is given to the candidates upon the scores earned in the entrance test, GD, and PI.

Popular Entrance Exam for Top MBA Colleges in Bihar

Admission procedures typically include entrance exams, group discussions, personal interviews, and evaluations of academic performance. Common exams accepted by most institutions for admission consideration include:-

1) BCECE (BIHAR COMBINED ENTRANCE COMPETITIVE EXAMINATION)

  • Registration Date: 19 May 2024
  • Last Date: 21 May 2024
  • Exam Date: 13,14 July 2024

Bihar Combined Entrance Competitive Examination (BCECE) serves as an entryway to Bihar MBA studies for those seeking admission at top institutions across Bihar. This state-level test provides admission into various professional courses including management programs.

BCECE offers a comprehensive evaluation structure, encompassing various areas of aptitude and knowledge assessment - quantitative techniques, logical thinking, language proficiency, and general awareness being examined by its evaluation structure. As one of the gateway exams into Bihar's finest MBA colleges, BCECE also shows academic aptitude and preparation to enter management education's dynamic world.

BCECE is an integral component of Bihar education, giving deserving candidates access to quality education. Furthermore, it helps produce qualified managers throughout Bihar. Those preparing for BCECE dedicate themselves to mastering diverse skills that will position them for future leadership in business environments.

2) CAT (COMMON ADMISSION TEST)

  • Registration Date: 03 Aug 2024
  • Last Date: 15 September 2024
  • Exam Date: 24 Nov 2024

Common Admission Test (CAT), a national test, is an integral component for anyone hoping to study MBA in Bihar. Recognized and respected across India, it opens doors into some of Bihar's premier management schools and many more nationally renowned ones!

CAT evaluates candidates in multiple ways, including quantitative aptitude, verbal abilities, data interpretation, and logical reasoning. Its rigorous examination process tests academic aptitude, problem-solving abilities, and general business management aptitude.

An MBA student in Bihar who excels on their CAT score may gain access to top-tier institutions, exposing them to the world of administration and business. Institutions accepting CAT scores tend to be well known for academic excellence, industry connections, and producing successful businessmen/women.

3) MAT (MANAGEMENT APTITUDE TEST)

  • Registration Date: 5 February 2024
  • Last Date: 29 Mar 2024
  • Exam Date: 10 Mar 2024

Management Aptitude Test (MAT) holds considerable value for individuals seeking an MBA journey in Bihar. Recognized by numerous esteemed management institutions throughout the state, MAT provides access to quality education and promising career prospects within business administration.

MAT evaluates candidates on various parameters essential for management success, including language comprehension, mathematical abilities, data analysis skills, and critical reasoning abilities. Its comprehensive assessment structure not only tests academic knowledge but also assesses the practical application of concepts to prepare candidates for life in corporate America better.

4) XAT (XAVIER APTITUDE TEST)

  • Registration Date: 10 December 2023
  • Last Date: 31 December 2023
  • Exam Date: 7 January 2024

The Xavier Aptitude Test (XAT) holds immense significance for those aspiring to pursue an MBA in Bihar. Widely recognized and respected, XAT serves as a gateway to some of the most prestigious management institutes across the country, including those within Bihar.

XAT evaluates candidates on a broad spectrum of skills essential for success in the management domain, covering areas like verbal ability, decision-making, quantitative aptitude, and analytical reasoning. Its comprehensive assessment structure not only tests academic knowledge but also challenges candidates to showcase their decision-making capabilities and strategic thinking, prerequisites for effective business leadership.

For MBA aspirants in Bihar, a commendable XAT score opens doors to reputed institutions known for their academic excellence, industry relevance, and nurturing future leaders. These institutes offer a diverse range of specializations and programs designed to equip students with the skills needed to thrive in a competitive business environment.

5) CMAT (COMMON MANAGEMENT ADMISSION TEST)

  • Registration Date: 31 March 2024
  • Last Date: 18 April  2024
  • Exam Date: May 2024

CMAT is a vital test for those who wish to study MBA in Bihar. Many prestigious management institutions in Bihar accept CMAT. It opens the door to a quality education and promising career opportunities.

CMAT evaluates candidates in various areas crucial to success in management, including quantitative techniques, logical thinking, language comprehension, and general awareness. The comprehensive evaluation structure of CMAT evaluates academic knowledge, practical application, and decision-making abilities. This prepares candidates for the challenges in the corporate world.

A competitive CMAT score can open doors for MBA aspirants from Bihar to reputable institutions that are renowned academically, have industry connections, and place a strong emphasis on holistic development. These institutions provide a wide range of specializations and programs to help students develop the skills they need to succeed in a dynamic business environment.

Top Government  MBA Colleges in Bihar

There are 33 Government MBA colleges in Bihar including Magadh University, IIM Gaya, Tilak Manjhi Bhagalpur University, Mahatma Gandhi Central University, and many more. The top-rated Government MBA colleges in Bihar and their costs are listed below.

S.No

Top Government Colleges

Average Fees

1

IIM Bodh Gaya

INR 8,00,000

2

Tilak Manjhi Bhagalpur University

INR 1,90,000

3

Aryabhatta Knowledge University

INR 18,500

4

Patna University

INR 54,000

5

Gaya College

INR 1,00,000

6

Magadh University

INR 1,60,000

7

Mahatma Gandhi center University

INR 66,000

Top Private MBA Colleges in Bihar

There are 30 Private MBA colleges in Bihar, such as Amity University Patna, Which are The Best Gopal Narayan Singh University, Sandip University and Sachchidanand Sinha College. Below is a list of Bihar's premier Private MBA institutions along with their costs and ratings.

S.No

Top Private Colleges

Average Fees

1

Sachchidanand Sinha College

INR 66,000

2

Amity University Patna

INR 6,00,000

3

Indian Institute of Business Management

INR 3,15,000

4

Birla Institute of Technology, Patna

INR 2,93,000

5

Gopal Narayan Singh University

INR 1,20,000

6

Vaishali Institute of Business and Rural Management

INR 1,00,000

7

Sandip University

INR 3,40,000

Placements for MBA Colleges in Bihar

MBA colleges in Bihar placement cell provide the students with amazing placement opportunities and the average and highest salary package differs based on the colleges they apply for. Here is the list of best MBA colleges in Bihar placements list.

University/Institute

Average Package

Highest Package

Top Recruiters

PATNA UNIVERSITY

INR 2,50,000 Per Annum

INR 52,00,000 Per Annum

  • Infosys
  • TCS
  • HDFC Bank
  • Axis Bank

LALIT NARAYAN MITHILA UNIVERSITY

INR 1,50,000 Per Annum

INR 50,00,000 Per Annum

  • Byjus
  • Technook.

ARYABHATTA KNOWLEDGE UNIVERSITY

INR 3,60,000 Per Annum

INR 24,00,000 Per Annum

  • H L
  • Infosys
  • Capgemini
  • Amazon
  • Prism

SANDIP UNIVERSITY

INR 6,00,000 Per Annum

INR 18,00,000 Per Annum

  • Reliance Industries
  • MAIA Estate
  • L&T Construction.

LALIT NARAYAN MISHRA INSTITUTE OF ECONOMIC DEVELOPMENT AND SOCIAL CHANGE

INR 10,00,000 Per Annum - 12,00,000 Per Annum

INR 5,00,000 Per Annum - 6,00,000 Per Annum

  • Amul
  • Sudha
  • Bandhan Bank

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

The MBA colleges in Bihar ROI or Return on Investment is calculated to see whether the average fee given is all covered by the average placement provided by the university. Here is the list of MBA colleges with fee structures and the average package earned by the students among the MBA colleges in Bihar ROI.

University/Institute

Average Package

Fees

PATNA UNIVERSITY

INR 2.,50,000 Per Annum

INR 1,08,000

LALIT NARAYAN MITHILA UNIVERSITY

INR 1,50,000 Per Annum

INR 1,10,000

ARYABHATTA KNOWLEDGE UNIVERSITY

INR 3,60,000 Per Annum

INR 18,500

SANDIP UNIVERSITY

INR 6,00,000 Per Annum

INR 4,90,000

LALIT NARAYAN MISHRA INSTITUTE OF ECONOMIC DEVELOPMENT AND SOCIAL CHANGE

INR 10,00,000 Per Annum - 12,00,000 Per Annum

INR 2,75,000 (1st Yr Fees)

Top MBA Colleges in the State of Bihar

MBA Colleges in Patna

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FAQ (Frequently Asked Questions).


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