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

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Update at Jul 29, 2024, 5:43 am

MBA continues to be one of the most sought-after management programs in India with lakhs of students enrolling every year. Some of the top MBA colleges of India are in Ranchi such as Xavier Institute of Social Service (XISS), Birla Institute of Technology (BIT), and Indian Institute of Management Ranchi (IIM Ranchi). XISS and IIM Ranchi are particularly renowned and recognized nationally for their MBA programs. Top recruiters frequently hire graduates from MBA Colleges in Ranchi. The city has gradually become a preferred destination for management aspirants seeking quality education and strong industry networks.

Best MBA Colleges in Ranchi: Highlights 2024

The top 10 MBA Colleges in Ranchi include premier names like IIM Ranchi, XLRI, XISS, BIT Mesra, IMS, Amity University, and Usha Martin University among others. These colleges provide excellent academic infrastructure, robust curricula, experienced faculty, industry collaborations, and effective placement assistance. The two-year full-time MBA curriculum focuses on developing analytical, leadership, and management skills through case studies, projects, simulation exercises, and experiential learning. The table below summarizes some key highlights of the leading MBA Colleges in Ranchi list:

Total Number of Colleges

28

Private Colleges

20

Government Colleges

8

Popular Specializations

  • Marketing
  • Finance
  • HR
  • Operations
  • IT

Accepted Exams

  • CAT
  • XAT
  • MAT
  • ATMA
  • CMAT

Average Annual Fees

  • INR 1,00,000 - 11 colleges 
  • INR 1,00,000 - INR 2,00,000 - 5 colleges 
  • INR 2,00,000 - 12 colleges

Top Recruiters

  • Deloitte
  • PwC
  • KPMG
  • ICICI
  • HDFC
  • Tata Steel
  • Wipro

Top 10 MBA Colleges in Ranchi

As per various ranking surveys, the top 10 MBA Colleges in Ranchi include a mix of private and public institutions known for their rigorous curriculums, experiential learning, and robust placement support. The MBA Colleges in Ranchi like IIM Ranchi, XISS Ranchi, and BIT Mesra are among the most sought-after choices. The table below showcases the key details of the top 10 MBA Colleges in Ranchi with fee structure:

S.no

College

Type

Accepted Exams

1

IIM Ranchi

Government

  • CAT

2

XISS Ranchi

Private

  • XAT
  • ATMA

3

BIT Mesra

Private

  • CAT
  • MAT
  • ATMA

4

Central University Jharkhand

Government

  • CAT
  • MAT

5

Amity University Ranchi

Private

  • CAT
  • MAT

6

Usha Martin University

Private

  • CAT
  • XAT

7

Birsa Agriculture University

Government

  • CAT
  • MAT
  • ATMA

8

Sarala Birla University

Private

  • CAT
  • MAT
  • ATMA

9

Dr. Shyama Prasad Mukherjee University

Government

  • CAT
  • MAT
  • ATMA

10

Jharkhand University of Technology

Government

  • CAT
  • MAT
  • ATMA

Admission Process for MBA in Colleges Ranchi 2024

The admission process for the Best MBA Colleges in Ranchi involves meeting the basic eligibility criteria like:

  • Eligibility of a 3-year bachelor's degree with minimum 50% marks (45% for reserved categories).
  • Appear for national-level MBA entrance exams like CAT, XAT, MAT, CMAT, and ATMA that assess quantitative, logical, verbal, and analytical skills.
  • Secure high percentile scores in the entrance exams for shortlisting.
  • Undergo group discussions and personal interviews that evaluate communication, leadership qualities, interests, and management potential.
  • Colleges prepare a final merit list based on scores in entrance tests, academics, work experience, and selection process performance.
  • Some MBA Colleges in Ranchi have admission tests and selection criteria beyond the common exams.
  • The rigorous admission process and criteria ensure that only the most deserving candidates can secure admission to premier MBA Colleges in Ranchi.
  • Entrance exam scores, academics, work experience, and selection process performances are key parameters in the admission process.
  • High scores in CAT and XAT are essential for admission to top institutes like IIM Ranchi and XISS.
  • Holistic assessment across academics, entrance tests, and selection processes determine final merit and admission.

Popular Entrance Exam for MBA Colleges in Ranchi

For students looking to pursue an MBA degree from top B-schools in Ranchi, appearing for national level entrance exams like CAT, XAT, MAT, etc. is key to getting admission. These exams test a candidate's aptitude, reasoning skills, and proficiency in areas like quantitative techniques and data interpretation which are a prerequisite for an MBA program.

CAT (Common Admission Test)

  • Registration Date: August 4, 2024
  • Last Date: September 15, 2024
  • Exam Date: November 24, 2024

CAT is the primary exam for admission to premier MBA Colleges in Ranchi like IIM Ranchi and XLRI. Over 2 lakh candidates appear for the CAT annually to assess quantitative aptitude, logical reasoning, and verbal skills through 100 MCQs. CAT scores are valid for 1 year.

XAT (Xavier Aptitude Test)

  • Registration Date: July 15, 2023
  • Last Date: December 10, 2023
  • Exam Date: January 7, 2024

XAT is conducted for admission to Xavier institutes like XISS Ranchi. It evaluates quantitative ability, decision-making, verbal skills, and GK through multiple-choice questions. XAT scores are compulsory for XISS and XLRI.

MAT (Management Aptitude Test)

  • Registration Date: MAT February 2024 registration is open until February 20, 2024.
  • Last Date: 20 FEBRUARY 2024
  • Exam Date: February 24, March 3 and March 8

MAT is accepted by B-schools like BIT Mesra and IMS Ranchi. It is a national exam held multiple times a year testing intelligence, comprehension, data analysis, and reasoning skills.

CMAT (Common Management Admission Test)

  • Registration Date: second February 2024
  • Last Date: Third week of March 2024
  • Exam Date: April-May 2024

CMAT evaluates quantitative techniques, logical reasoning, language skills, and GK. It is accepted by BIT Mesra, IMS Ranchi, and other colleges.

ATMA (AIMS Test for Management Admissions)

  • Registration Date: 30-Nov-2023
  • Last Date: February 10, 2024
  • Exam Date: 18-Feb-2024

ATMA tests analytical reasoning and quantitative and verbal skills. It is recognized by institutes like XISS, Central University, and Birsa Agri University.

Top Private MBA Colleges in Ranchi

Ranchi has a good mix of private and public institutes offering MBA programs. Some of the leading private colleges include Birla Institute of Technology, Xavier Institute of Social Service, Usha Martin University, Amity University, and Sarala Birla University. These colleges are renowned for their excellent academic environment, experienced faculties, industry collaborations, and placement support. The table below showcases the key details of the top-ranked private MBA colleges in Ranchi with fee structures:

S.no

Private College

MBA Cutoff 2023

Annual Fees

1

XISS Ranchi

85+ percentile in XAT

INR 4,00,000 - INR 8,00,000

2

BIT Mesra

80+ percentile in CAT

INR 3,00,000 - INR 5,00,000

3

Amity University Ranchi

60+ percentile in CAT/MAT

INR 2,00,000 - INR 3,00,000

4

Usha Martin University

55+ percentile in CAT/XAT

INR 1,50,000 - INR 2,00,000

5

Sarala Birla University

50+ percentile in CAT/MAT

INR 1,00,000 - INR 1,50,000

Top Government MBA Colleges in Ranchi

Ranchi has several prestigious government institutes offering MBA programs of the highest quality. The leading names include IIM Ranchi, Central University Jharkhand, Dr Shyama Prasad Mukherjee University, Birsa Agriculture University, and Birsa Agricultural University Ranchi. These institutes are renowned for their rigorous curriculums, experienced faculties, excellent infrastructure, and strong industry linkages. The table below showcases the key details of the top-ranked government MBA colleges in Ranchi:

S.no

Government College

MBA Cutoff 2023

Annual Fees

1

IIM Ranchi

90+ percentile in CAT

INR 10,00,000 - INR 15,00,000

2

Central University Jharkhand

70+ percentile in CAT

INR 1,00,000 - INR 2,00,000

3

Dr. Shyama Prasad Mukherjee University

50+ percentile in CAT/MAT

INR 50,000 - INR 1,00,000

4

Birsa Agriculture University

50+ percentile in CAT/MAT

INR 30,000 - INR 50,000

5

Birsa Agricultural University, Ranchi

50+ percentile in CAT/MAT

INR 30,000 - INR 50,000

Best MBA Colleges in Ranchi based on Placements

The best MBA colleges in Ranchi like IIM Ranchi, XISS, BIT Mesra, and Central University facilitate excellent placement opportunities for their graduates. Leading recruiters from sectors like consulting, IT, banking, and manufacturing hire talent from these institutes. The table below summarizes the key placement parameters of top MBA Colleges in Ranchi:

S.No

College

Annual Fees

Key Recruiters

Average Package

1

IIM Ranchi

INR 10,00,000 - INR 15,00,000

  • Top consulting firms
  • Banks

INR 15,00,000 - INR 20,00,000

2

Xavier Institute of Social Service

INR 4,00,000 - INR 8,00,000

  • NGOs
  • Social Enterprises

INR 5,00,000 - INR 8,00,000

3

Birla Institute of Technology

INR 3,00,000 - INR 5,00,000

  • IT
  • Manufacturing companies

INR 6,00,000 - INR 10,00,000

4

Central University Jharkhand

INR 1,00,000 - INR 2,00,000

  • Government sector

INR 4,00,000 - INR 6,00,000

5

Amity University, Ranchi

INR 2,00,000 - INR 3,00,000

  • Startups
  • SMEs

INR 4,00,000 - INR 7,00,000

6

Usha Martin University

INR 1,50,000 - INR 2,00,000

  • Local Companies

INR 3,00,000 - INR 5,00,000

7

Jharkhand University of Technology

INR 1,30,000 - INR 1,50,000

  • Agriculture sector

INR 3,25,000 - INR 4,00,000

8

Sarala Birla University

INR 1,00,000 - 1,50,000

  • Conglomerates

INR 3,00,000 - INR 5,00,000

9

Dr. Shyama Prasad University

INR 50,000 - INR 1,00,000

  • Government sector

INR 2,00,000 - INR 4,00,000

10

Birsa Agricultural University

INR 30,000 - INR 50,000

  • Agriculture sector

INR 2,00,000 - INR 4,00,000

ROI Performance of MBA Colleges in Ranchi

Pursuing an MBA from a top B-school in Ranchi can be a lucrative investment for many students. The ROI or Return on Investment offered by some of the Best MBA Colleges in Ranchi is quite high. This is evident from the excellent placements, average salary packages, and career growth opportunities offered to MBA graduates from these institutes. Some of the top MBA Colleges in Ranchi include IIM Ranchi, XISS Ranchi, BIT Mesra, Central University of Jharkhand, and Amity University Ranchi among others. The table summarizes the high ROI scores of top MBA colleges in Ranchi list across private and government MBA Colleges in Ranchi.

College Name

Average Fee

Average Salary

ROI Score

IIM Ranchi

INR 12,00,000

INR 17,00,000

8.9

XISS Ranchi

INR 6,00,000

INR 11,00,000

8.7

BIT Mesra

INR 4,00,000

INR 9,00,000

8.6

Central University Jharkhand

INR 1,50,000

INR 7,00,000

8.3

Amity University Ranchi

INR 2,50,000

INR 6,00,000

8.0

Usha Martin University

INR 1,75,000

INR 5,00,000

7.9

Birsa Agriculture University

INR 40,000

INR 4,00,000

7.8

Sarala Birla University

INR 1,25,000

INR 3,50,000

7.7

Dr. Shyama Prasad Mukherjee University

INR 75,000

INR 2,50,000

7.6

Birsa Agricultural University, Ranchi

INR 40,000

INR 2,50,000

7.5

FAQ (Frequently Asked Questions).


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