Important Facts
College Vidya Team Sep 10, 2024 1.9K Reads
Jharkhand, located in the eastern part of India, is one of the thriving centres for mining and industrial activities. With revolutions in these industrial sectors, the need for well-trained managers to supervise various operations and efficient functioning of units has grown. As a result, many reputed MBA colleges have come up in Jharkhand that allow management aspirants to pursue the course with ample industrial exposure.
This blog brings to you key details about some of the top MBA colleges in Jharkhand that have been recognised nationally for their educational rigour and quality. Continue reading to discover a host of details pertaining to course admissions, criteria for selection, fees, placements and more!
There are over 50 colleges in Jharkhand that offer an MBA to students both in the regular as well as the distance modes. Both public institutions and private colleges and universities in Jharkhand offer an MBA to students, allowing a larger number of aspirants to take the course up. But with a large number of available options to choose from, selecting the right college that matches your educational needs is important. Also Read: Full form of MBA.
Given below is a list of the top colleges for an MBA in Jharkhand. The institutions listed below include those accredited by national statutory bodies for their quality of education as well as overall student services and placements.
MBA College/University |
NIRF Ranking |
City |
Course |
Accepted Entrance Exams |
MBA Fees (Approx.) |
XLRI-Xavier School of Management |
9 |
Jamshedpur |
Post Graduate Diploma in Management (PGDM) |
XAT/GMAT/ GRE |
INR 23,15,000 |
Indian Institute of Management (IIM) Ranchi |
17 |
Ranchi |
Post-Graduate Programme in Management (PGPM) |
CAT |
INR 17,50,000 |
Indian Institute of Technology (Indian School of Mines) |
46 |
Dhanbad |
Post-Graduate Programme in Management (PGPM) |
CAT |
INR 17,50,000 |
Birla Institute of Technology |
64 |
Ranchi |
Master of Business Administration (MBA) |
CAT/MAT/XAT/ CMAT |
INR 5,85,000 |
Amity University, Ranchi |
– |
Ranchi |
Master of Business Administration (MBA) |
Based on Graduation Marks |
INR 3,40,000 |
ICFAI University, Ranchi |
– |
Ranchi |
Master of Business Administration (MBA) |
Based on General Eligibility |
INR 2,55,000 |
Xavier Institute of Social Service, Ranchi |
– |
Ranchi |
Post Graduate Diploma in Management (PGDM) |
CAT/XAT/CMAT |
INR 8,90,000 |
Netaji Subhas University |
– |
Jamshedpur |
Master of Business Administration (MBA) |
CAT / XAT / MAT |
INR 3,00,000 |
Arka Jain University |
– |
Jamshedpur |
Master of Business Administration (MBA) |
CAT/MAT/XAT/CMAT/AJU-Combined Entrance Test (AJUCET ) |
INR 3,80,000 |
Usha Martin University |
– |
Ranchi |
Master of Business Administration (MBA) |
CUET-PG |
INR 3,93,000 |
Admissions to a reputed institution for an MBA can be quite a tough path due to the high levels of competition one has to face to secure their seat in the course. However, knowing the requirements for admission to the course can be quite helpful in making the path smooth and easier. The minimum eligibility conditions for admission to an MBA college generally includes the following criteria:
In addition to meeting the minimum eligibility conditions mentioned above, an MBA candidate must also clear a requisite entrance exam for management, either at the national level, the state level or at the institutional level. Some of the commonly accepted management entrances in the MBA colleges in Jharkhand include:
Given below is a list of all top MBA institutions in Jharkhand along with the management entrances accepted in them.
College/University |
Accepted Management Entrance Exam |
XLRI-Xavier School of Management |
XAT/GMAT/GRE |
Indian Institute of Management Ranchi |
CAT |
Indian Institute of Technology (Indian School of Mines) |
CAT |
Birla Institute of Technology |
CAT/MAT/XAT/ CMAT |
Amity University, Ranchi |
Based on Graduation Marks |
ICFAI University, Ranchi |
Based on General Eligibility |
Xavier Institute of Social Service, Ranchi |
CAT/XAT/CMAT |
Netaji Subhas University |
CAT / XAT / MAT |
Arka Jain University |
CAT/MAT/XAT/CMAT/AJU-Combined Entrance Test (AJUCET ) |
Usha Martin University |
CUET-PG |
Another major procedure for admission in the MBA courses includes clearing rounds of personal interview and group discussion (GD-PI) after securing the requisite score on the management entrance. After qualifying the GD-PI rounds, the candidate gets selected for further enrolment.
Student Also Ask |
|
Find further important details about the top 10 MBA colleges in Jharkhand below.
XLRI, more famously known as Xavier School of Management, is a private management institution of Jharkhand that has been ranked among the best 10 management institutions in the country by the NIRF (2024). It has been ranked as equivalent to the top IIMs of the nation and the eighth-best management institution in India. It has top accreditations such as AACSB, AICTE, etc. along with membership of the AMBA and the AIU. The course offered at XLRI is a Post Graduate Diploma in Management or PGDM in 10 areas of specialization in addition to the option of general management. Accepted entrances for admission include GMAT and GRE in addition to the institute’s own Xavier Aptitude Test or XAT. This institute offers the best placement in Jharkhand for MBA and the average packages offered here make up for an excellent RoI after course completion.
Find further details about the PGDM at XLRI here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 9 in Management Category), AMBA, AACSB, AIU, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
XAT/GMAT/GRE |
Course Specialisations |
|
Full Course Fees |
INR 23,15,000 |
Average Placement Package |
INR 30,00,000 P.A. |
Indian Institute of Management, Ranchi or IIM Ranchi is the nation’s 15th best higher education centre for management studies (as per NIRF Management rankings 2024), and is an institution of eminence in Jharkhand. In addition to stellar NIRF rankings, it also has top accreditations such as those from ARIIA, AACSB, EFMD etc. IIM Ranchi offers a PGPM or Post Graduate Program in Management (PGPM), which is equivalent to an MBA. The available specialisations include HRM, business analytics, finance, marketing etc. in addition to the choice of general management. Students with a valid score in the CAT exam can seek admission to the PGPM in IIM Ranchi. In addition to the rigorous curriculum and stellar faculty, the placement services of the institute are also quite robust and make up for excellent returns on investment.
Find further details about the PGPM program at IIM Ranchi here.
Degree Offered |
Post-Graduate Programme in Management (PGPM) |
Accreditations |
NIRF, Rank 17 in Management Category (2024), ARIIA, AACSB, EFMD etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT |
Course Specialisations |
|
Full Course Fees |
INR 17,50,000 |
Average Placement Package |
INR 17,30,000 P.A. |
Established almost a century ago in 1926, IIT (Indian School of Mines) Dhanbad is a top-ranked institute, more famously known for its technology and mining studies. However, it is also a well-renowned institution for studies in management and business administration. It offers its management courses, including its premier MBA program through the Department Of Management Studies & Industrial Engineering. The MBA program at IIT (ISM) Dhanbad is accredited by the AICTE as being a valid and competent technical course. It is offered in the specialization of business analytics in addition to the general management segment. The full fee for the program is INR 3.67 lakhs and the placements here are quite satisfactory as they provide appealing CTCs to students after course completion.
You can explore further details about the MBA program at IIT (ISM) Dhanbad here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NIRF Rank 17 in Management Category (2024), ARIIA, AICTE, QS World University Rankings Rank 25 (2023), etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT |
Course Specialisations |
|
Full Course Fees |
INR 3,67,100 |
Average Placement Package |
INR 11,76,000 P.A. |
Established in 1955, Birla Institute of Technology Mesra is a NAAC-rated ‘A’ grade institute that has also been accredited by the UGC and AICTE. It has been ranked among the top 80 institutions for management studies by the NIRF (2024). It offers higher education in fields pertaining to technology and management, and its MBA program is offered to management aspirants who clear the CAT/MAT/XAT/CMAT examinations. The institute offers the option of going for functional specialisations as well as sectoral course specializations. The RoI after completing a course from BIT Mesra can be quite appealing as students get placed with excellent CTCs at starting to mid-level managerial positions.
Find further details about the MBA course at BIT Mesra given here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NAAC ‘A’, NIRF Rank 64 in Management Category (2024), UGC, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/MAT/XAT/CMAT |
Functional Course Specialisations |
|
Sectoral Course Specialisations |
|
Full Course Fees |
INR 5,85,000 |
Average Placement Package |
INR 11,00,000 P.A. |
Amity University is a well-regarded private university of India. The Ranchi division of the Amity University was established in 2016 and has grown over the years to become a leading higher educational institution in a number of domains including management, technology, humanities, sciences etc. The MBA program at Amity University Ranchi is offered in 3 main specialisation areas–international business management, family business and entrepreneurship and telecommunications management. The full program fee is INR 3.4 lakhs for two years, supported by financial aid. The course is placement-integrated, with students getting placed at top firms and companies through campus placement drives.
Find key details about the MBA program at Amity University given below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, BCI, AIU, ASSOCHAM etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
– (Based on Graduation Marks- Minimum 50% Aggregate) |
Course Specialisations |
|
Full Course Fees |
INR 3,40,000 |
Average Placement Package |
INR 6,41,000 P.A. |
ICFAI University was established in Ranchi in 2008 and is one of the premier institutions for higher education in Jharkhand. It has a large number of well-regarded accolades and accreditations such as those from UGC, ACU, AIU, BCI and AICTE. The MBA program at ICFAI University is also approved by the AICTE as being a valid technical course. There are 6 options for specialisations available for this course–marketing, finance, banking and insurance, HRM, IT and systems and lastly, operations management. The major distinguishing features of the MBA program at ICFAI Ranchi include its highly experienced faculty, widespread industrial connections, industry-relevant curriculum as well as all-round placement services. The placements offered to graduates at ICFAI University are quite appealing, as lucrative packages are offered by top firms and companies during job drives.
Find essential details about the MBA program at ICFAI University below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, ACU AIU, BCI, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
– (Based on General Eligibility: Graduation with Minimum 45% Marks) |
Course Specialisations |
|
Full Course Fees |
INR 2,55,000 |
Average Placement Package |
INR 10,00,000 P.A. |
Xavier Institute of Social Services or XISS, was established in 1955 originally as an extension of the St. Xavier’s College. It has emerged as a renowned autonomous centre of higher education in the state. It has accreditations from NBA as well as AICTE. The institute offers PGDM to students in the domains of rural management, marketing management, HRM, finance management and IT management. Any candidate having a valid score in either XAT or CAT/CMAT can seek admission in this course. The placement services at XISS are quite robust in terms of offering appealing CTCs to students during final placements in addition to professional training and grooming throughout the period of course completion.
Find key details about the PGDM course at XISS here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NBA, AICTE |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/XAT/CMAT |
Course Specialisations |
|
Full Course Fees |
INR 8,90,000 |
Average Placement Package |
INR 5,31,000 P.A. |
Earlier known as the Netaji Subhas Institute of Business Management, the Netaji Subhash University was established in 2018 in Jamshedpur. It has been accredited by UGC as well as AICTE as being a competent university for management and technical education. The MBA program at NSU is also AICTE-recognised and offered in nearly 12 specialisation areas. The accepted management entrances for admission to the MBA program at NSU include CAT, XAT or MAT. The full program fee for two years is INR 3 lakhs. Being a placement-integrated course, students pursuing it also get the opportunity to explore top job options in prestigious companies and firms right after completing the course.
Find more details about the MBA program at NSU here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT / XAT / MAT |
Course Specialisations |
|
Full Course Fees |
INR 3,00,000 |
Average Placement Package |
INR 5,95,000 P.A. |
Arka Jain University is a part of the prestigious Jain Group of Institutions (JGI), and was established in Jamshedpur in 2011. It is a well-accredited institute with recognition of bodies such as UGC, AICTE, PCI, BCI etc. AJU offers students with a full-time regular MBA program in 3 specialisations–finance, marketing and human resource management. The full fee for the program is INR 3.8 lakhs and the average placement packages offered to students afer course completion are in the range of INR 6.5 LPA. So, students pursuing an MBA from AJU can benefit much from the high RoI that students get after completing the course.
Given below are further essential details about the MBA program in Arka Jain University.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE, PCI, BCI etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/MAT/XAT/CMAT/AJU-Combined Entrance Test (AJUCET ) |
Course Specialisations |
|
Full Course Fees |
INR 3,80,000 |
Average Placement Package |
INR 6,50,000 P.A. (Approximate) |
Usha Martin University is another well-known private university in Ranchi that is regarded as a centre for quality higher education in Jharkhand. UMU is approved by statutory bodies such as the UGC, AICTE, BCI, PCI and AIU. The MBA program at UMU is offered in three specialisation domains, including finance management, marketing management and human resource management. The fee range for the course is INR 3.93 lakhs, which is supported through financial aid in the form of EMI payment options etc. The placement services of UMU are also quite efficient as they partner with top companies and firms to offer job opportunities to MBA graduates with excellent pay packages.
Explore more details about the MBA course at UMU here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE, BCI, PCI, AIU etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CUET-PG |
Course Specialisations |
|
Full Course Fees |
INR 3,93,000 |
Average Placement Package |
INR 4,00,000 P.A. |
Explore more top MBA colleges in some of the prominent cities of Jharkhand.
The capital of Jharkhand, Ranchi hosts a majority of the colleges for an MBA in the state. It has a number of government and private colleges and institutes that offer an MBA program. In addition to the top MBA colleges of the state, elaborated upon earlier, Ranchi also has a number of other well-known colleges, some of which have been listed below.
MBA College/University |
Course |
Accepted Entrance Exams |
MBA Fees (Approx.) |
Doranda College, Ranchi |
Master of Business Administration (MBA) |
CAT/ XAT/ CMAT/ MAT/ ATMA |
INR 80,600 |
Jharkhand University of Technology, Ranchi |
Master of Business Administration (MBA) |
Based on General Eligibility Criteria |
Information Unavailable |
Central University of Jharkhand |
Master of Business Administration (MBA) |
CUET-PG |
INR 28,640 |
Institute of Science and Management, Ranchi |
Master of Business Administration (MBA) |
CAT/MAT/XAT/CMAT |
INR 2,25,000 |
Jamshedpur is one of Jharkhand’s richest and most industrially active cities, in addition to being home to some of the eminent colleges for management education. Given below are a few of the colleges that offer an MBA program to students in Jamshedpur. The city is one of the prominent options to take up an MBA from with its educational facilities and widespread industrial network. Given below are a few of the well-known colleges for an MBA in Jharkhand.
MBA College/University |
Course |
Accepted Entrance Exams |
MBA Fees (Approx.) |
Jamshedpur Women's College, Jamshedpur |
Master of Business Administration (MBA) |
CAT |
INR 43,000 |
Srinath University, Jamshedpur |
Master of Business Administration (MBA) |
Basic Eligibility Criteria |
INR 1,20,000 |
Jamshedpur Women’s University |
Master of Business Administration (MBA) |
CAT |
INR 43,000 |
RoI or return on investment is the ratio of the average CTC offered to a graduating batch through campus placements to the full course fee.
Is MBA Worth It? | Is Online MBA Worth It? |
How to Calculate Return on Investment? |
The RoI is an essential indicator of the placements of the MBA college that you select. It indicates how quickly the financial investments into the course can be regained through placements after graduation.
The top MBA colleges in Jharkhand are not only the best in the state but are well-recognised across the nation. These institutions have a widespread connectivity to the industrial domain and partner with the renowned companies and MNCs to offer placements with fair compensation, making up for a high RoI.
Given below are the full fee for an MBA program in the top MBA colleges along with the average CTC for graduating MBA batches based on latest statistics.
College/Institute |
Full Course Fees |
Average Placement Package |
XLRI-Xavier School of Management |
INR 23,15,000 |
INR 30,00,000 P.A. |
Indian Institute of Management Ranchi |
INR 17,50,000 |
INR 17,30,000 P.A. |
Indian Institute of Technology (Indian School of Mines) |
INR 17,50,000 |
INR 11,76,000 P.A. |
Birla Institute of Technology |
INR 5,85,000 |
INR 11,00,000 P.A. |
Amity University, Ranchi |
INR 3,40,000 |
INR 6,41,000 P.A. |
ICFAI University, Ranchi |
INR 2,55,000 |
INR 10,00,000 P.A. |
Xavier Institute of Social Service, Ranchi |
INR 8,90,000 |
INR 5,31,000 P.A. |
Netaji Subhas University |
INR 3,00,000 |
INR 5,95,000 P.A. |
Arka Jain University |
INR 3,80,000 |
INR 6,50,000 P.A. (Approximate) |
Usha Martin University |
INR 3,93,000 |
INR 4,00,000 P.A. |
The domain of placements for MBA graduates is quite wide and prosperous. There are a large number of fairly compensated job roles available for MBA graduates to explore. With the ever-growing need for qualified managers at every level of an organisation, the job scope of an MBA is immense.
It is essential for an MBA college to have industrial tie-ups with top companies and enterprises to allow their MBA graduates to seek jobs and other professional opportunities in such domains. The business schools and management institutes of Jharkhand are well-connected with giant corporate bodies, MNCs, industrial units etc., which allow MBA graduates to explore a number of placement opportunities best-suited for their career needs. Given below is the list of a few of the distinguished placement partners of the top 10 MBA colleges of Jharkhand.
College/Institute/University |
Top Recruiting Partners |
XLRI-Xavier School of Management |
|
Indian Institute of Management Ranchi |
|
Indian Institute of Technology (Indian School of Mines) |
|
Birla Institute of Technology |
|
Amity University, Ranchi |
|
ICFAI University, Ranchi |
|
Xavier Institute of Social Service, Ranchi |
|
Netaji Subhas University |
|
Arka Jain University |
|
Usha Martin University |
|
In addition to the top management colleges that offer a regular MBA degree to students, many institutions are now offering a fully online MBA degree with the approval and equivalence granted to the course by the UGC-DEB. Online MBA courses are offered by a large number of reputed institutions and universities, and one of the greatest advantages of an online MBA is the option of pursuing the course from any college across India without the need for relocation.
Enlisted below are a few of the top accredited MBA colleges and institutions offering an online MBA program in India.
University |
Location |
Course |
Mode |
SASTRA University Online |
Thanjavur |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
LPU Online |
Phagwara |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Dr. D. Y. Patil Vidyapeeth Online |
Pune |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Jain Online University |
Bangalore |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
LPU Online |
Phagwara |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Bharathidasan University |
Tiruchirappalli |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
ICFAI Online |
Hyderabad (Main Campus) |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Datta Meghe Online |
Nagpur |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Great Lakes Institute of Management |
Chennai |
Post Graduate Diploma in Management (PGDM) |
Online Learning Mode (OL) |
Hindustan University CODE |
Chennai |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
SRM College of Management-SRM University Chennai |
Chennai |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Online Manipal |
Jaipur |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
GITAM University |
Visakhapatnam |
Master of Business Administration (MBA) |
Open Distance Learning (ODL) |
To conclude, Jharkhand is one of the states of India that is a significant economic contributor to the nation’s GDP through its industrial activities. In order to support the efficient functioning of such industrial units with professional management, many reputed institutions of the state offer a full-time regular MBA degree to management aspirants. The MBA colleges of Jharkhand offer well-accredited programs with top faculty support as well as comprehensive placement services, making it one of the plausible states for pursuing an MBA from.
Based upon the NIRF rankings of the management category of 2024, XLRI-Xavier School of Management has been ranked as the best management institution in Jharkhand, with a national rank of 9 across India.
Yes, there are a number of management institutions in Jharkhand that offer a Post Graduate Diploma in Management (PGDM) including XLRI-Xavier School of Management, Xavier Institute of Social Service etc.
The number one college for an MBA (or equivalent course-PGDM/PGPM) in Jharkhand is XLRI - Xavier School of Management that has been granted the rank of being the ninth best management institution of India by the NIRF (2024).
The average fee for pursuing an MBA from Jharkhand is nearly INR 9 lakhs for two years. The exact fee amount for the course may vary from one institution to another, especially between private and public institutions, with the latter having a comparatively lower and pocket-friendly range of fee.
Ranchi and Jamshedpur are two of the best cities in Jharkhand for pursuing an MBA course. These cities have some of the nationally renowned institutions offering an MBA or equivalent management program to students.
Yes, taking up an MBA course from Jharkhand can be quite beneficial for boosting one’s management career since there are a number of prestigious MBA colleges and institutions in the state that provide comprehensive and industry-relevant management education in addition to appealing placement opportunities through professional assistance services.
The average salary that an MBA graduate in Jharkhand can earn is nearly INR 6 LPA to INR 7 LPA.
XLRI-Xavier School of Management is the best management institution for taking up an MBA as it offers excellent placement CTCs to MBA graduates, and latest placement statistics indicate that MBA graduates got placed through campus drives with an average CTC of INR 30 LPA, the highest in Jharkhand.
Idea Alchemist / Concept Creator / Insight Generator
We are an online education platform where users can compare 100+ online universities on 30+ X-factors in just 2 minutes. With an active CV community, we have transformed online learning to quite an extent. With the CV Subsidy scheme, we contributing to GER in India while helping our learners with their finances in their “Chuno Apna Sahi” journey!
Our team of experts, or experienced individuals, will answer it within 24 hours.
Tired of dealing with call centers!
Get a professional advisor for Career!
LIFETIME FREE
Rs.1499(Exclusive offer for today)
Pooja
MBA 7 yrs exp
Sarthak
M.Com 4 yrs exp
Kapil Gupta
MCA 5 yrs exp
or