Important Facts
College Vidya Team Sep 10, 2024 3.4K Reads
Bihar is one of the states in India that has maintained a stellar academic record for decades and is on a continuous spur of growth and development. Keeping up with the same ethos of extending academic support from various domains to specifically the management domain, many colleges and institutes are offering courses like an MBA or PGDM in Bihar to management aspirants with all major educational facilities and placement support features.
This blog explores some of the strongest contenders for the top MBA colleges in the state of Bihar and provides the key details about their MBA programs, its admissions, fees, placements and much more. Continue reading to explore and find the right choice of university for yourself.
The state of Bihar, located in eastern India, is the third most populous state of the country and is a thriving region of economic and cultural activities. Bihar has excellent academic records, and also has a number of management institutions in the public and private domains for pursuing an MBA or PGDM. Some of the prominent and well-accredited institutions among them have been mentioned below. Also Read: Full form of MBA.
MBA College/ University |
NIRF Ranking |
City |
Course |
Accepted Entrance Exams |
MBA Fees (Approx.) |
Indian Institute of Management (IIM) Bodh Gaya |
33 |
Gaya |
Master of Business Administration (MBA) |
CAT |
INR 17,00,000 |
International School of Management (ISM), Patna |
– |
Patna |
Post Graduate Diploma in Management (PGDM) |
CAT/CMAT/MAT/XAT |
INR 4,00,000 |
Indian Institute of Business Management (IIBM), Patna |
– |
Patna |
Post Graduate Diploma in Management (PGDM) |
MAT/CMAT/XAT/CAT |
INR 3,15,001 |
Birla Institute of Technology, Patna |
– |
Patna |
Master of Business Administration (MBA) |
CAT/MAT/XAT/CMAT |
INR 5,85,000 |
Amity University, Patna |
– |
Patna |
Master of Business Administration (MBA) |
Graduation with Minimum 50% Aggregate Marks |
INR 3,41,000-INR 3,88,000 |
Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur |
– |
Muzaffarpur |
Master of Business Administration (MBA) |
XAT/CMAT/ CAT |
INR 3,00,000 |
Dr. C.V. Raman University (CVRU), Vaishali |
– |
Vaishali |
Master of Business Administration (MBA) |
Based on General Eligibility |
INR 90,000 |
L. N. Mishra College of Business Management, Muzaffarpur |
– |
Muzaffarpur |
Master of Business Administration (MBA) |
CAT/MAT/ MAT |
INR 2,07,000 |
Chandragupt Institute of Management (CIPM), Patna |
– |
Patna |
Post Graduate Diploma in Management (PGDM) |
CAT/XAT/MAT/CMAT |
INR 7,65,000 |
Dr. Rajendra Prasad Central Agricultural University |
– |
Rau Pusa |
Master of Business Administration (MBA) |
XAT/CAT/MAT/ICAR/All India Entrance Examination in Agriculture and Allied Science |
INR 1,98,350 |
To enrol in a management course like MBA, a student must qualify a screening test like a management aptitude exam in addition to meeting the general eligibility conditions for admission.
The eligibility criteria for admission to an MBA program in Bihar generally encompasses the following:
In some universities or institutes, a minimum period of professional experience may also be a preferred criteria for candidate selection. However, this is not a mandatory basis for admission of candidates in most management universities and institutions.
The accepted management entrances for admission to the MBA program in the top management colleges and institutions in Bihar have been listed below.
College/University |
Accepted Management Entrance Exam |
Indian Institute of Management (IIM) Bodh Gaya |
CAT |
International School of Management (ISM), Patna |
CAT/CMAT/MAT/XAT |
Indian Institute of Business Management (IIBM), Patna |
MAT/CMAT/XAT/CAT |
Birla Institute of Technology, Patna |
CAT/MAT/XAT/CMAT |
Amity University, Patna |
Graduation with Minimum 50% Aggregate Marks |
Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur |
XAT/CMAT/ CAT |
Dr. C.V. Raman University (CVRU), Vaishali |
Based on General Eligibility |
L. N. Mishra College of Business Management, Muzaffarpur |
CAT/MAT/ MAT |
Chandragupt Institute of Management (CIPM), Patna |
CAT/XAT/MAT/CMAT |
Dr. Rajendra Prasad Central Agricultural University |
XAT/CAT/MAT/ICAR All India Entrance Examination in Agriculture and Allied Science (ICAR AIEEA) |
In addition to qualifying the management entrance test, a candidate seeking admission in an MBA program must also qualify the institution’s screening through the personal interview (PI) and/or group discussion (GD).
Find the important details about the top MBA colleges and universities in Bihar.
The Indian Institute of Management Bodh Gaya, established in 2015 under the 2014 Budget of the Union Government of India, is one of the youngest and third-generation IIMs. Within less than a decade of its establishment, it has already received the prestigious accreditation by the AACSB for its managerial education facilities. The institute is ranked among the 50 best management HEIs of India by the NIRF (2024).
It offers a full-time MBA degree in the regular mode, which is available in over 12 specialisations, including digital business management, hospital and healthcare management, marketing, finance and accounting etc. With the aim of making managerial education accessible to a larger number of aspirants, IIM Bodh Gaya offers financial aid and scholarships to students to pay the full fee for the MBA, which amounts to INR 17 lakhs. In addition to its stellar faculty and pedagogical innovations, IIM Bodh Gaya also offers a robust placement support, with records of 100% placements for MBA batches as per latest institutional statistics. The RoI upon course completion is also sufficiently high at IIM Bodh Gaya.
Find more relevant details about the MBA program at IIM Bodh Gaya here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
AACSB, NIRF Rank 33 in Management Category (2024) |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT |
Course Specialisations |
|
Full Course Fees |
INR 17,00,000 |
Average Placement Package |
INR 12,36,000 P.A. |
The International School of Management (ISM) is a private business school in the capital city of Patna that was established in 2010 and has emerged as a leading frontier for management studies in Bihar over the years. It has accreditations such as those from ASSOCHAM, AMDISA etc. Its flagship course, a full-time PGDM, is approved by the AICTE and is offered in 4 specialisations–marketing, finance, HRM and IT/IS Management. The course fee for the PGDM program is INR 4,00,000 for two years, and the B-school also offers requisite financial aid to students to afford the course and pay the full fee through the semesters. The placement services at ISM Patna help students to groom professionally as well explore appealing job opportunities with excellent RoIs.
Further key details about the PGDM program at ISM Patna have been listed below.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
AICTE, ASSOCHAM, AMDISA etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/CMAT/MAT/XAT |
Course Specialisations |
|
Full Course Fees |
INR 4,00,000 |
Average Placement Package |
INR 6,00,000 P.A. |
The Indian Institute of Business Management (IIBM) Patna is a private business school that was established in 1979 and is a prestigious and leading business school in the state. It is a well-accredited management institution of Bihar, with approvals from AICTE, UGC and a recognition from the Government of Bihar. The institute offers a 2-year PGDM course which is equivalent to an MBA program and is recognised by the AICTE. The available specialisations for the course include marketing management, finance, HRM and integrative management courses.
Candidates with a qualifiable score in management entrances like the CAT, MAT, CMAT or XAT can apply to the course. The full program fee for the course is INR 3.15 lakhs, which can be paid in semesters through instalments. The placement services of IIBM Patna cater to the professional needs of management graduates and students in training to provide them sufficient exposure to industrial opportunities and interaction opportunities with professional experts. The RoIs of the institute are also sufficiently high. Find further details about the course enlisted below.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
AICTE, UGC, Government of Bihar etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
MAT/CMAT/XAT/CAT |
Course Specialisations |
|
Full Course Fees |
INR 3,15,001 |
Average Placement Package |
INR 3,00,000 P.A. |
The Birla Institute of Technology, Patna is the campus of the Birla group of institutes in Bihar and was established as an initiative of the Government of Bihar for extending elite educational services in management to a larger number of students in the eastern regions of India. BIT Patna is a NAAC-rated ‘A’ grade college and is also recognised by the UGC. The NIRF ratings of 2024 have rated BIT Patna as being among the top 80 institutes for management education in India.
The MBA program of BIT Patna has been tailored to meet the skill and competency needs of the modern management domain. The course is offered accordingly in 5 major course specialisations–finance, marketing, HRM, IT and operations and business analytics. Further, sectoral specialisations are also offered by the institute within each major course specialisation, allowing students to streamline their learning as per their career needs. The full fee for the program at BIT Patna is INR 5.85 lakhs, and the placement opportunities at the institute allow candidates to benefit through a satisfactorily high RoI.
The key details about the course, admission and placements at BIT Patna have been mentioned herewith.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, NAAC Grade ‘A’, NIRF Rank 64 in Management Category (2024) |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/MAT/XAT/CMAT |
Course Specialisations |
|
Sector Specialisations |
|
Full Course Fees |
INR 5,85,000 |
Average Placement Package |
INR 13,00,000 P.A. |
Amity University Patna, an extension of the Amity Education Foundation, was established in the capital of Bihar in 2017. It currently owns recognitions from accreditation bodies like the UGC, BCI, ASSOCHAM etc among others. The MBA program of Amity University Patna is a full-time regular degree that is offered in the domain of general management and the specialisation of family business and entrepreneurship.
Students who sufficiently meet the eligibility criteria of the university, i.e. have a valid Bachelor’s degree with at least 50% aggregate marks, can apply to the course. The full program fee ranges between INR 3.4 lakhs to INR 3.8 lakhs. The course is offered with the major student support and academic facilities of Amity along with integrated placement services that include placement drives after course completion. The placement drives of Amity University allow for a satisfactory return on investment after graduation as graduates can explore appealing job opportunities in renowned firms and organisations.
Further key details about the MBA program at Amity University Patna have been listed below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, BCI, ASSOCHAM etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
Graduation with Minimum 50% Aggregate Marks |
Course Specialisations |
|
Full Course Fees |
INR 3,41,000-INR 3,88,000 |
Average Placement Package |
INR 5,00,000 P.A. |
Established in 1983 in Muzaffarpur, Vaishali Institute of Business and Rural Management (VIBRM) is an AICTE-recognised institute for management education. It is affiliated to the B. R. A. Bihar University Muzaffarpur. The MBA program offered at VIBRM is available in over 10 specialisations including up and coming areas like transport management, rural management, total quality management etc.
The entrance examinations accepted in the institute for admission to the MBA program include CAT, XAT and CMAT. The full program fee is INR 3,00,000 and students are also provided with financial support through instalment payment mode to ease the course on one’s pocket. The placement services at VIBRM make up for a decently high return on investment, and students can explore internships and job opportunities in top companies such as Mahindra, Axis Bank, TCS, Bajaj Allianz etc. that partner with the institute for placements.
Further important details about the MBA program at VIBRM have been enlisted below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
AICTE |
Course Duration |
2 Years |
Accepted Entrance Examinations |
XAT/CMAT/CAT |
Course Specialisations |
|
Full Course Fees |
INR 3,00,000 |
Average Placement Package |
INR 3,00,000 - INR 6,00,000 P.A. |
Dr. C. V. Raman University is the first private university of northern Bihar that was established under the Aisect Society Raipur. Founded in 2018, it is a UGC-recognised university for higher education in diverse domains like engineering, commerce, management, humanities and more. The university is a member of the AIU. Its MBA program is approved by the AICTE and is offered in 6 specialisation areas-marketing, finance, HRM, operations, retail and agriculture management.
The criteria for admission to the course is on the basis of the basic eligibility conditions. Students from an SC/ST background are provided a relaxation of 10% marks in the selection cutoff. The full fee for the course is INR 90,000, which is in a relatively affordable range than most private business institutions. Placement services at the university are also dedicated to bringing well-paid and appealing job options to the disposal of students. The RoI of the university is also sufficiently high, especially when compared with its pocket-friendly fee range.
Find further details about the course and the university below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE, ASSOCHAM, AIU etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
– (Based on General Eligibility: Graduation with 50% Aggregate Marks) |
Course Areas |
|
Full Course Fees |
INR 90,000 |
Average Placement Package |
INR 6,00,000 P.A. |
L. N. Mishra College of Business Management affiliated to the B. R. Ambedkar Bihar University (BRABU) Muzaffarpur, was established in Muzaffarpur in 1973. It has received a number of accreditations for its business courses including those from NCTE, AICTE and ERC. The MBA program at the college is also recognised by the AICTE as being a valid and competent professional course. The available specialisations for the course include over 10 options like finance, HRM, IT management, production and materials management, retail management, total quality management, transport management etc. The accepted management tests for the course include CAT, MAT and CMAT. The college charges INR 2.07 lakhs for the full course. Placement support is also provided for after course completion.
Further details about the MBA program at L. N. Mishra College of Business Management Muzaffarpur are provided below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NCTE, ERC, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/MAT/CMAT |
Course Specialisations |
|
Full Course Fees |
INR 2,07,000 |
Average Placement Package |
INR 3,00,000 P.A. |
The Chandragupt Institute of Management (CIPM) is an institute for management studies established by the Government of Bihar in the capital city of Patna. It has major accreditations like those from UC, AICTE, NBA etc. It is one of the institutions recognised in the NIRF band of top 125 HEIs for management studies. The PGDM course of CIPM is also accredited by the AICTE, NBA and deemed equivalent to an MBA by the AIU. The course is available at the institute as an integrated general management program and in the specialisation of innovation, entrepreneurship and venture development. The full course has a fee of INR 7.65 lakhs. The major facilities available for the course include faculty guidance, internship opportunities, industry exposure through seminars and workshops and placement services.
Find out more details about the course, its fee, admission criteria, placements and RoI below.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
UGC, AICTE, NBA, AIU, NIRF (Band 102-125) |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/XAT/MAT/CMAT |
Course Specialisations |
|
Full Course Fees |
INR 7,65,000 |
Average Placement Package |
INR 5,00,000 P.A. |
Dr. Rajendra Prasad Central Agricultural University is a public central university that was established in 2016 by the Government of India specially for agricultural studies. The university is accredited by the UGC and offers a full-time MBA in the specialisations of agribusiness management and rural management. Students clearing the All India Entrance Examination in Agriculture and Allied Science or an equivalent management entrance like the CAT, XAT, MAT or ICAR can apply to the MBA program here. The full program fee is INR 1,98,350 and students are also provided placement services as part of the course.
Full details about the MBA program at Dr. Rajendra Prasad Central Agricultural University Rau Pusa have been provided below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC |
Course Duration |
2 Years |
Accepted Entrance Examinations |
XAT/CAT/MAT/ICAR/All India Entrance Examination in Agriculture and Allied Science |
Course Specialisations |
|
Full Course Fees |
INR 1,98,350 |
Average Placement Package |
Current Statistics Unavailable |
The Return on Investment (RoI), which is calculated as the ratio between the average CTC offered through campus placements to the full course fee, is an important index that an aspirant must consider before selecting an MBA college or institute.
The RoI can provide an indication of how fast the financial investments into the course can be recouped with respect to the placements after a student graduates. Colleges and institutes with a high RoI can allow students to successfully initiate their managerial career and seek necessary growth through the years.
Is MBA Worth It? | Is Online MBA Worth It? |
How to Calculate Return on Investment? |
The colleges in Bihar offering an MBA (or equivalent course) provide quite a decent RoI, with moderately high CTCs after course completion. Given below are the full course fee for the MBA programs in the top management colleges and institutions in Bihar along with the average CTCs that graduating batches were offered through campus placements.
College/Institute |
Full Course Fees |
Average Placement Package |
Indian Institute of Management (IIM) Bodh Gaya |
INR 17,00,000 |
INR 12,36,000 P.A. |
International School of Management (ISM), Patna |
INR 4,00,000 |
INR 6,00,000 P.A. |
Indian Institute of Business Management (IIBM), Patna |
INR 3,15,001 |
INR 3,00,000 P.A. |
Birla Institute of Technology, Patna |
INR 5,85,000 |
INR 13,00,000 P.A. |
Amity University, Patna |
INR 3,41,000-INR 3,88,000 |
INR 5,00,000 P.A. |
Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur |
INR 3,00,000 |
INR 3,00,000 - INR 6,00,000 P.A. |
Dr. C.V. Raman University (CVRU), Vaishali |
INR 90,000 |
INR 6,00,000 P.A. |
L. N. Mishra College of Business Management, Muzaffarpur |
INR 2,07,000 |
INR 3,00,000 P.A. |
Chandragupt Institute of Management (CIPM), Patna |
INR 7,65,000 |
INR 5,00,000 P.A. |
Dr. Rajendra Prasad Central Agricultural University |
INR 1,98,350 |
Current Statistics Unavailable |
Companies and organised sectors from various domains and industries, be it the public sector or private sectors, hire professionally trained managers for their firms. Thus, the career scope after completion of an MBA degree is enormous. There are a number of sectors that hire MBA graduates at various levels, including those like:
Marketing | ITES Domains |
Advertising | Strategic Management |
Finance | Telecommunication |
BFSI | Hospitality |
Research and Development | Hospitals and Healthcare |
Consultancy and Guidance | Tourism and Travels etc. |
FMCG Sectors | - |
The major recruiting partners of the top 10 MBA colleges and institutes in Bihar have been listed below.
College/Institute/University |
Top Recruiting Partners |
Indian Institute of Management (IIM) Bodh Gaya |
|
International School of Management (ISM), Patna |
|
Indian Institute of Business Management (IIBM), Patna |
|
Birla Institute of Technology, Patna |
|
Amity University, Patna |
|
Vaishali Institute of Business and Rural Management (VIBRM), Muzaffarpur |
|
Dr. C.V. Raman University (CVRU), Vaishali |
|
L. N. Mishra College of Business Management, Muzaffarpur |
|
Chandragupt Institute of Management (CIPM), Patna |
|
Dr. Rajendra Prasad Central Agricultural University |
|
An online MBA is a fully virtual Masters of Business Administration degree taught and completed through ICT-enabled technology. An online MBA has been conferred with the same value as an offline regular MBA by the UGC-DEB (provided when it is completed from a duly approved online university). Hence, taking up an online MBA can allow the student to pursue the course of their choice from a reputed in a variety of novel specialisations and in a relatively affordable fee range without the hassle of relocation.
Here we have listed a few of the top, accredited and approved institutions and universities in India that are currently offering an online MBA (or PGDM) program.
University |
Location |
Course |
Mode |
Online Manipal |
Jaipur |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
LPU Online |
Phagwara |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
ICFAI Online |
Hyderabad (Main Campus) |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Great Lakes Institute of Management |
Chennai |
Post Graduate Diploma in Management (PGDM) |
Online Learning Mode (OL) |
Amity Online University |
Noida |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Jain Online University |
Bangalore |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
GLA Online University |
Mathura |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Dr. D. Y. Patil Vidyapeeth Online |
Pune |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
SASTRA University Online |
Thanjavur |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Hindustan University CODE |
Chennai |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Datta Meghe Online |
Nagpur |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Bharathidasan University |
Tiruchirappalli |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Bihar is home to a number of reputed colleges and institutions that offer an MBA to management aspirants in a number of specialisations. Pursuing an MBA from Bihar is relatively affordable with a good scope for career development. It can provide the needed impetus to one’s managerial career.
One of the best colleges for taking up an MBA from in Bihar is IIM Bodh Gaya which is also ranked among the top 60 management institutions of India by the NIRF (2024).
Yes, institutions like the International School of Management (ISM), Patna, Development Management Institute (DMI) Patna etc. offer a PGDM course for management aspirants.
Patna has the most number of reputed colleges and firms in Bihar and is one of the best cities to take up MBA education from.
On an average, the full course fee for an MBA in Bihar is nearly INR 3 lakhs to INR 4 lakhs for the course.
Some of the colleges and institutes offering excellent placements include IIM Bodh Gaya, Birla Institute of Technology, Patna, Dr. C.V. Raman University (CVRU), Vaishali etc.
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