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Home Management Top 8 MBA Colleges In Patna 2024- Admission, Fees, Exams

Top 8 MBA Colleges In Patna 2024- Admission, Fees, Exams

Dec 11, 2023 4.9K Reads

Patna, the capital of Bihar, is a centre for higher education in the state for students from a variety of educational backgrounds. It is also home to a number of management institutions and universities that offer PG courses in business administration like the MBA degree. Most universities and institutes at Patna bring an affordable MBA education to the disposal of students along with facilities for placement assistance. Here we have consolidated all important information about some of the best MBA colleges of Patna along with details about their MBA course. Continue reading to explore further details about the course. 

Top MBA Colleges in Patna

There are a number of private and public institutes as well as universities in Patna that offer a full-time MBA or equivalent program such as Post Graduate Diploma in Management (PGDM). These institutes offer education at quite affordable rates along with facilities for financial support, so that a majority of interested managerial aspirants can easily take the course up and pursue a career in management. Also Read: The Full form of MBA.  

2023 Top 10 Online MBA Colleges/Universities in India

These institutions are duly approved and accredited by competent bodies for their MBA courses. Thus, if you are a managerial aspirant from Bihar or eastern regions of India, then you can pursue the MBA degree course from the top management institutions and universities of Patna. 

Here is a list of some of the top institutions and universities of Patna that offer a full-time degree course in MBA, selected on the basis of their accreditations, approvals as well as educational support to students. 

MBA College/University

Course 

Accepted Entrance Exams

MBA Fees (Approx.)

Chandragupt Institute of Management (CIPM), Patna

Post Graduate Diploma in Management (PGDM)

CAT/XAT/MAT/CMAT

INR 7,65,000

International School of Management (ISM), Patna 

Post Graduate Diploma in Management (PGDM)

CAT/CMAT/MAT/XAT

INR 4,00,000

Patna University 

Master of Business Administration (MBA)

MAT/CMAT

INR 54,100

Indian Institute of Business Management (IIBM), Patna

Post Graduate Diploma in Management (PGDM)

MAT/CMAT/XAT/CAT

INR 3,15,001

Magadh Professional Institute 

Master of Business Administration (MBA)

Graduate in Any Stream 

INR 95,600

Birla Institute of Technology, Patna 

Master of Business Administration (MBA)

CAT/MAT/XAT/CMAT 

INR 5,85,000

Amity University, Patna

Master of Business Administration (MBA)

Graduation with Minimum 50% Aggregate Marks

INR 3,41,000-INR 3,88,000 

Development Management Institute (DMI), Patna

Master of Business Administration (MBA)

CAT / XAT / GMAT/ CMAT/ MAT

INR 6,00,000

General Eligibility and Accepted Entrance Exams for Admissions in Patna

When a candidate applies to an MBA/PGDM degree course, there are certain basic criteria that they must meet to be eligible for admission. Based upon how well the candidate meets the eligibility criteria of the course, the further selection procedures are carried out. 

The minimum eligibility that a candidate must have to apply to an MBA degree program in Patna (as well as in India) is listed here: 

  • The candidate should have completed a Bachelor’s degree from a recognized university/institute in any stream of education. 
  • The candidate should have scored at least 50% aggregate marks or equivalent grades in their qualifying examination, i.e. in graduation. 

In addition to these minimum criteria, certain universities or business schools may require the candidate to have some preliminary experience in the relevant professional sector. Professional field exposure is beneficial for getting leverage in the degree as well as for further profile building. 

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Ahead of the minimum general eligibility, the candidates should clear the further selection procedure that each specific institution has for their MBA admissions. This usually includes: 

  • A Valid Score in an Accepted Management Entrance Exam 
  • Further Rounds of Group Discussion (GD) and/or Personal Interview (PI) 

Some of the commonly accepted management aptitude exams in Patna for admission to an MBA program include: 

  • Common Admission Test: CAT 
  • Xavier Aptitude Test: XAT
  • Common Management Admission Test: CMAT
  • Management Aptitude Test: MAT 
  • Graduate Management Admission Test: GMAT 

Here is an institute-wise list of the accepted management entrance examinations in major colleges and business schools of Patna. 

College/University

Accepted Management Entrance Exam

Chandragupt Institute of Management (CIPM), Patna

CAT/XAT/MAT/CMAT

International School of Management (ISM), Patna 

CAT/CMAT/MAT/XAT

Patna University 

MAT/CMAT

Indian Institute of Business Management (IIBM), Patna

MAT/CMAT/XAT/CAT

Magadh Professional Institute 

Graduate in Any Stream 

Birla Institute of Technology, Patna 

CAT/MAT/XAT/CMAT 

Amity University, Patna

Graduation with Minimum 50% Aggregate Marks

Development Management Institute (DMI), Patna

CAT / XAT / GMAT/ CMAT/ MAT

Best Private & Public MBA Colleges of Patna

Rank #1 - Chandragupt Institute of Management, Patna (CIPM)

Chandragupt Institute of Management, known more famously as CIMP, is a fully-government funded university in Patna. The institute is recognised by bodies like the UGC, AICTE, NBA etc. and is also a member of the much-coveted AIU. The institute offers postgraduate degrees and fellowship courses to management aspirants in addition to its management courses for professional executives. 

The institute's flagship course is its 2-year Post Graduate Diploma in Management that is not only approved by the AICTE but is also deemed by the AIU as an equivalent to the MBA degree. CIMP accepts candidates for this course through screening of applications based on scores on CAT/XAT/MAT/CMAT and further GD/PI rounds. The course is offered as a general integrated management course as well as in the specialisation of Innovation, Entrepreneurship and Venture Development. Aided by financial support features like EMI payment options, the course fee for two years of the degree is INR 7.65 lakhs. Placement services are extended for this course and the placement records of the institute have been consistently appealing, with majority of the students being placed in companies and top MNCs after course completion.  

Find more details pertaining to the PGDM offered at CIMP Patna.  

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 

  • Integrated General Management 
  • Innovation, Entrepreneurship and Venture Development

Full Course Fees

INR 7,65,000

Placement Package 

INR 5,00,000  P.A.

Rank #2 - International School of Management (ISM), Patna

The International School of Management (ISM), Patna is a private management school of Patna that was established in 2011 and is recognised by the Government of Bihar. It is a premier business school in Patna that is dedicated to providing strong educational and practical foundations in management across a range of domains to its students. It has been recognised by the AICTE, ASSOCHAM as well as AMDISA as an institution of eminence in the field of management education. 

The institute offers a full-time PGDM program that is approved by the AICTE. The course is an equivalent of an MBA degree course as per the guidelines of the AIU. The candidates are screened thoroughly based upon their performance in national management aptitude exams like the CAT/CMAT/MAT/XAT and personal interviews/group discussions. Four main specialisations are offered in this course including the industry-demanded marketing, finance and HRM streams in addition to the Information Systems (IS)/Information Technology (IT) specialisation. The full course fee is INR 4 lakhs and the RoI is quite appealing as average placement packages range from IN 6 LPA and above. 

Here are the further important details related to the PGDM course offered at ISM Patna. 

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 

  • Marketing Management 
  • Finance Management 
  • Human Resource Management (HRM)
  • Information Systems (IS)/Information Technology (IT)

Full Course Fees

INR 4,00,000

Placement Package 

INR 6,00,000 P.A.

Rank #3 - Patna University (PU), Patna

Established prior to the independence of the nation in 1917, Patna University (PU) is the seventh oldest university in India and the oldest in Bihar. It has a legacy of offering pioneering degrees and courses in various fields to students. PU is approved by the UGC and is also ranked by the NAAC framework. 

PU offers an MBA course to students via the School of Applied Economics and Commerce. The course is a full-time 2 year degree program. The selection criteria is the performance of the candidate in either the MAT exam or the CMAT. The full fee for the MBA program is INR 54,100. Since Patna University is a public institution, the fee range here is quite affordable and is an ideal option for completing an MBA for those students who cannot afford hefty fees of other private MBA institutions. Further, a large number of scholarships are also available for this course. The university organises regular internship and placement drives to ensure students get opportunities for industry exposure and practical learning. 

Here are more relevant details about the MBA program at Patna University. 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, NAAC (B+ Grade)

Course Duration 

2 Years

Accepted Entrance Examinations 

MAT/CMAT

Full Course Fees

INR 54,100

Placement Package 

Current Stats Unavailable 

Rank #4 - Indian Institute of Business Management (IIBM), Patna

Started in 1979, the Indian Institute of Business Management (IIBM), Patna has a history of providing excellent educational services to students for over 40 years. The institution has been recognised by the Government of Bihar as well as by statutory bodies at the national level like UGC and AICTE. IIBM Patna is well-known for its comprehensive student support features along with effective mentoring and faculty guidance to develop a successful management career. 

The course offered here is a 2-year Post Graduate Diploma in Management (PGDM) that has been approved by the AICTE. The institute selects candidates for this course based on the scores obtained on national level management entrances like the MAT/CAT/XAT/CMAT. The three highly demanded specialisations of marketing, finance and HRM are offered in addition to an integrative management degree for candidates who do not wish to specialise in a single management domain. The course is placement-integrated and the institute partners with companies in India and abroad to offer excellent professional opportunities to PGDM graduates. 

Find further details about the course at IIBM Patna here. 

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 

  • Marketing Management 
  • Finance Management 
  • Human Resource Management (HRM)
  • Integrative 

Full Course Fees

INR 3,15,001

Placement Package 

INR 3,00,000 P.A.

Rank #5 - Magadh Professional Institute

Magadh Professional Institute is a recently established institution founded in 2018 that has garnered recognition as a competent institution for vocational education in fields related to management, industrial training and pharmacy. Accordingly, it has approvals from bodies like the UGC, PCI and AICTE for its various professional and technical courses. It offers state of the art infrastructural facilities to students and has a highly experienced and qualified faculty. 

It offers a 2-year Master of Business Administration (MBA) program that is approved by the AICTE. The institute accepts candidates based on a minimum eligibility criteria-the candidate should be a graduate from a recognised university with a minimum graduating score of 50% aggregate. There are four streams of specialisations to choose from in this course–finance management, marketing management, human resource management and hospital and healthcare management. The full fee for the course is INR 95,600, which is further supported through facilities for instalment payment options. The RoI at MPI is highly satisfactory since students can get excellent placement opportunities with salary packages in the average range of INR 6 lakhs. The placement record of MPI Patna is quite satisfactory with over 150 placement drives completed by the institute within the mere 5 years of establishment. 

You can find further details about the MBA course at MPI Patna here. 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, AICTE, PCI etc.  

Course Duration 

2 Years

Accepted Entrance Examinations 

Graduate in Any Stream 

Course Specialisations 

  • Finance Management 
  • Marketing Management 
  • Human Resource Management (HRM) \
  • Hospital and Healthcare Management 

Full Course Fees

INR 95,600

Placement Package 

INR 6,00,000 P.A. (Highest Offered CTC) 

Rank #6 - Birla Institute of Technology, Patna

Birla Institute of Technology, Patna was established in 2006 and is a NIRF-ranked management institution. It is one of India’s top 77 management institutions as of 2023 and has also been accredited by the UGC. It is also a NAAC-rated ‘A’ grade institution. The institute offers various undergraduate, postgraduate and doctoral programs to students.

The MBA program at BIT-Patna is a 2-year degree course for which candidates can apply based upon their scores in the CAT/MAT/XAT/CMAT examinations. The course specialisations include finance, marketing, HRM, IT and Operations and business analytics. The course at BIT-Patna is prepared in accordance with latest professional standards and with inputs from both management academicians and industry experts to provide a holistic education in business management. It is also one of Patna’s best institutions in terms of the offered placement services and opportunities. The average placement packages in BIT-Patna for MBA graduates range within INR 13-13.5 lakhs. 

Find further important facts and details about the MBA course at BIT-Patna here. 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, NAAC Grade ‘A’, NIRF Rank 77 in Management Category (2023)

Course Duration 

2 Years

Accepted Entrance Examinations 

CAT/MAT/XAT/CMAT 

Course Specialisations 

  • Financial Management
  • Marketing Management
  • Human Resource Management 
  • IT & Operations Management
  • Business Analytics

Sector Specialisations

  • Insurance and Bank Management
  • Operations and Manufacturing Management
  • Hospitality Management

Full Course Fees

INR 5,85,000

Placement Package 

INR  13,00,000 P.A.

Rank #7 - Amity University, Patna

Amity University is one of India’s well-known private institutions for higher education. The Amity University Patna is no exception, and ever since its inception in  2018, it has proceeded to receive recognition from bodies like BCI, ASSOCHAM etc. in addition to the UGC approval. The university has a focus on research and innovation in its education, and students are trained to effectively carve out niches in management and other sectors through mentoring by the expert faculty of the university.   

Amity University Patna offers students with two options of management education at the PG level- they can go for a regular MBA degree or an International MBA which includes collaborations with international educational and industrial organisations. The course is offered as a general MBA as well as with the option of specialising in  family business and entrepreneurship. The university also allows students to go for dual degrees, i.e. pursuing a secondary degree in addition to the main MBA program. The educational guidance and facilities, paired with the advantage of robust placement services offer an excellent RoI of completing the degree from Amity University. 

Find further details about the MBA program at Amity University Patna here. 

Degree Offered 

Master of Business Administration (MBA) 

Accreditations 

UGC, BCI, ASSOCHAM etc. 

Course Duration 

2 Years

Minimum Eligibility 

Graduation with Minimum 50% Aggregate Marks 

Course Specialisations 

  • General Management 
  • Family Business and Entrepreneurship 

Full Course Fees

INR 3,41,000-INR 3,88,000 

Placement Package 

INR 5,00,000 P.A.

Rank #8 - Development Management Institute (DMI), Patna

The Development Management Institute was established in 2014 and in almost a decade of its inception, it has achieved major academic milestones and been recognised by the Government of Bihar. It is well-accredited and is a UGC and AICTE-approved institution for management education. 

DMI-Patna offers students with a full-time MBA course of the duration of 2 years. Candidates with valid scores in any of the management examinations like CAT, XAT. GMAT, CMAT  or MAT can apply to the course. Only a general MBA program is offered at DMI Patna, and other specialisations are not floated for the course. The full fee for the course is INR 6 lakhs for two years. The placement services of DMI Patna are well-structured and holistic, allowing professional exposure through internships to students along with placements after course completion. DMI Patna has a record of 100% placements since its inception. 

Here are a few of the crucial details about the offered MBA program at DMI Patna. 

Degree Offered 

Master of Business Administration (MBA)

Accreditations 

UGC, AICTE, Recognised by Government of Bihar, COMFED

Course Duration 

2 Years

Accepted Entrance Examinations 

CAT / XAT / GMAT/ CMAT/ MAT

Course Specialisations 

  • General Management 

Full Course Fees

INR 6,00,000

Placement Package 

INR 6,00,000  P.A.

RoI of MBA Colleges in Patna

Calculation of the Return on Investment of an MBA degree course is done to compare how quickly one can regain their financial investment into the course after graduation. This evaluation is usually done by finding the ratio of the average CTC offered to MBA graduates through placement services after course completion. A good return on investment of an MBA college is in terms of an appealing placement package being offered to the MBA graduate, along with an affordable fee for the course. 

Patna is home to a number of public and state-funded institutions that offer an MBA degree. As a result, the full course fee for an MBA/PGDM in Patna is within an affordable range. Additionally, since most of the universities also provide placement services and campus placement drives to students, the RoI of colleges for MBA in Patna is quite appealing. Not only this, many top companies and MNCs from across the nation and abroad partner with these colleges to hire MBA graduates. As a result, MBA graduates get the opportunity of working in top firms from across the globe right after completing their course.

Is MBA Worth It?

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How to Calculate Return on Investment?

Here is a comparison of the full course fee (2 years) of various MBA colleges/universities in Patna with the average placement package that was offered to the graduates through campus selection. 

College/Institute 

Full Course Fees

Average Placement Package 

Chandragupt Institute of Management (CIPM), Patna

INR 7,65,000

INR 5,00,000  P.A.

International School of Management (ISM), Patna 

INR 4,00,000

INR 6,00,000 P.A.

Patna University 

INR 54,100

Current Stats Unavailable 

Indian Institute of Business Management (IIBM), Patna

INR 3,15,001

INR 3,00,000 P.A.

Magadh Professional Institute 

INR 95,600

INR 6,00,000 P.A. (Highest Offered CTC) 

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.

Development Management Institute (DMI), Patna

INR 6,00,000

INR 6,00,000  P.A.

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Top Recruiters of MBA Graduates in Patna

The job domain for MBA graduates is as prosperous as ever and ripe with top opportunities in various industries ranging from marketing agencies, financial firms, FMCG companies to the banking sector, IT and technology companies. Thus, the job scope of an MBA program is quite vast and appealing, as MBA graduates are hired for mid to top managerial positions in companies. 

In Patna, the top management institutions and universities partner with multinational companies (MNCs) and firms to offer diverse job roles and positions to students who graduate with an MBA degree. Here are a few of the recruiting companies that partner with some of Patna’s top colleges and institutions for campus selections. 

College/Institute/University  

Top Recruiting Partners 

Chandragupt Institute of Management (CIPM), Patna

  • Accenture
  • Airtel 
  • Flipkart
  • KPMG
  • Larsen & Toubro 
  • ITC Limited
  • Marico Ltd.
  • State Bank of India (SBI)
  • Reserve Bank of India (RBI)
  • Whirlpool 
  • Vodafone 
  • Kotak Mahindra Bank
  • ICICI Bank 
  • IDBI Bank etc. 

International School of Management (ISM), Patna 

  • PayTm
  • Reliance 
  • Bata 
  • HDFC Bank 
  • Mahindra Life
  • LG
  • Coca Cola
  • Fillip Technology
  • CNH Industrial
  • Damodar
  • Sudha etc. 

Patna University 

  • Azim Premji Foundation

Indian Institute of Business Management (IIBM), Patna

  • Birla Gold Cement
  • Oppo 
  • MRF Tyres
  • SBI Lite 
  • Accenture 
  • IBM 
  • Mahindra and Mahindra
  • Hyundai 
  • Airtel 
  • Maruti 
  • Bandhan Bank 
  • ITC Ltd. etc. 

Magadh Professional Institute 

  • Tata 
  • Samsung 
  • Vodafone 
  • Accenture 
  • Microsoft 
  • HSBC 
  • Tata Consultancy Services (TCS) 
  • HDFC Bank 
  • Mahindra Finance 
  • Abbott 
  • Cipla etc. 

Birla Institute of Technology, Patna 

  • Aakash Institute 
  • Kotak Mahindra 
  • Birla Sun Life
  • SC 
  • Airtel 
  • Maruti 
  • Microsoft 
  • Wipro 
  • Reliance 
  • Samsung 
  • ITC Ltd. 
  • Axis Bank 
  • Bajaj Electricals 
  • Abbott 
  • Fiat etc. 

Amity University, Patna

  • Infosys 
  • Capgemini 
  • Deloitte 
  • Ernst & Young 
  • Amazon
  • Tata Consultancy Services (TCS)
  • Cognizant 
  • Genpact 
  • Wipro 
  • Aditya Birla Group 
  • IndiGo 
  • Flipkart 
  • Nestle 
  • J. P. Morgan and Chase 
  • JSW
  • ITC Ltd. 

Development Management Institute (DMI), Patna

  • Tata Trusts 
  • Quest Alliance 
  • Reliance 
  • Aditya Birla Group 
  • Sambodhi 
  • IFMR 
  • Vedanta 
  • Byju’s etc. 


Online Colleges for MBA in India 

When it comes to taking up an MBA degree, the options are expanding vastly in the field of education. Today, as a management aspirant, you need not restrain yourself or limit yourself to college options in only a particular city or region of India. 

With guidelines from the UGC-DEB, top institutions and B-schools of India are offering fully online MBA degree courses in various industry-relevant specialisations, along with all facilities of full-time MBA degrees such as placement assistance, faculty support, student support, comprehensive study materials etc. The most appealing benefits of an online MBA include the opportunity to take the course up from highly reputed management institutions across the country as well as the equivalent credibility of the degree to a regular degree. 

Given below are a few of the top colleges and business institutes for taking up an online MBA from. These institutions are well-approved for providing fully online education to students. 

University 

Location 

Course 

Mode 

Amity Online 

Noida 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Online Manipal 

Jaipur 

Master of Business Administration (MBA)

Online Learning Mode (OL)

SASTRA University Online

Thanjavur 

Master of Business Administration (MBA)

Online Learning Mode (OL)

ICFAI Foundation on Higher Education

Hyderabad 

Master of Business Administration (MBA)

Online Learning Mode (OL)

LPU Online 

Phagwara 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Hindustan University Online 

Chennai 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Chandigarh University Online 

Chandigarh 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Jain University Online 

Bangalore 

Master of Business Administration (MBA)

Online Learning Mode (OL)

Other Online MBA Colleges

Here is a list of some online MBA colleges in different regions. You can check out this list & choose the best one near your residential/work location.

MBA Colleges In Pune MBA Colleges In Chennai
MBA Colleges In Bangalore MBA Colleges In Hyderabad
MBA Colleges In Lucknow MBA Colleges In Kolkata
MBA Colleges In India MBA Colleges In Dehradun
MBA Colleges In Delhi MBA Colleges In Varanasi
MBA Colleges In Gurgaon MBA Colleges In Bhubaneswar
MBA Colleges In Jaipur MBA Colleges In Mumbai
Government MBA Colleges In India MBA Colleges In Maharashtra
MBA Colleges In Ahmedabad MBA Colleges In Kerala

Best Paid MBA Online Specialization

MBA Finance Online

MBA Marketing Online

MBA HR Online

MBA Operations Online

MBA IT Online

MBA Business Analytics Online

MBA International Business Online

MBA Data Science Online

MBA Project Management Online

MBA Digital Marketing Online

MBA Banking and Finance Online

MBA General Online

Conclusion 

There are a number of institutions and universities in Patna that provide students with full-time MBA and PGDM courses along with the major student services such as faculty interaction, industrial exposure and most importantly, placement services that allow them to work in and associate with top international and national companies right after completing their degree. The Return on Investment at these colleges are also quite satisfactory as appealing packages are offered to students after graduation.

FAQs (Frequently Asked Questions)

Some of the best colleges in Patna for an MBA based upon accreditations, course rigour and placement services include Birla Institute of Technology, International School of Management (ISM), Indian Institute of Business Management (IIBM) etc.

Based upon placement services, a few of the top MBA institutions in the city of Patna include Birla Institute of Technology, Magadh Professional Institute, Amity University Patna etc.

The average cost of completing an MBA/PGDM course from Patna is INR 4 lakhs to INR 4.5 lakhs for two years. Public universities may have a slightly more affordable range of course fee.

Some of the management entrance scores that are accepted in the top MBA colleges of Patna include CAT, XAT, MAT, CMAT and GMAT.

Yes, the majority of the MBA colleges and universities in Patna offer all-round placement services to the students pursuing the degree, including placement training and grooming in addition to course-end placement drives and campus selections.

The average salary that an MBA graduate can expect to get placed at in Patna is INR 5 LPA.

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