Top 9 MBA Colleges In Ranchi 2024- Admission, Fees, Exams

The city of Ranchi, the capital of Jharkhand, is home to a number of top reputed colleges for management education including the likes of IIM, Birla Institute, ICFAI, Amity etc. Backed with the top educational facilities and vast industrial network existing in the city, MBA colleges in Ranchi offer holistic learning and career development opportunities to management aspirants. 

If you are an MBA candidate looking for the right college for yourself in Ranchi, then this blog is your ultimate guide in exploring your top choices. Continue reading to find out more about the top MBA institutes of Ranchi. 

Top MBA Colleges in Ranchi

There are a number of prestigious business schools and colleges in Ranchi with state of the art infrastructural facilities as well as academically honed curricula for aiding the successful career development of students in management. There are both public and private sector colleges offering an MBA course in Ranchi, and here are a few of the top institutes of Ranchi offering the course, based on their national rankings, accreditations, faculty, student services etc. Also Read: Full form of MBA.

Some of the top, well-accredited institutions of Ranchi that offer an MBA or an equivalent degree course have been listed here.

MBA College/University	NIRF Ranking	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Indian Institute of Management (IIM), Ranchi	24	Post-Graduate Programme in Management (PGPM)	CAT	INR 17,50,000
Birla Institute of Technology	77	Master of Business Administration (MBA)	CAT/MAT/XAT/CMAT	INR 5,85,000
Xavier Institute of Social Service, Ranchi	–	Post Graduate Diploma in Management (PGDM)	CAT/XAT/CMAT	INR 8,90,000
Amity University, Ranchi	–	Master of Business Administration (MBA)	Based on Graduation Marks	INR 3,40,000
ICFAI University, Ranchi	–	Master of Business Administration (MBA)	Based on General Eligibility	INR 2,55,000
Institute of Science and Management, Ranchi	–	Master of Business Administration (MBA)	CAT/MAT/XAT/CMAT	INR 2,25,000
Usha Martin University (UMU), Ranchi	–	Master of Business Administration (MBA)	CUET-PG	INR 3,93,000
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

General Eligibility and Accepted Entrance Exams for Admissions in Ranchi MBA Colleges

While choosing the right MBA college for your higher education, it is important to carefully evaluate the eligibility criteria for admission to the course, since it is the main basis for admission to the course. Moreover, the specific criteria about the required work experience, passing percentage in graduation, accepted entrance exam score etc. need to be checked to ensure that the candidate is eligible to apply for the course. 

The general criteria for eligibility for admission to an MBA (or equivalent) course in Ranchi is: 

• The candidate must be a Bachelor’s graduate from a Recognised University/Institution
• The candidate should have a minimum qualifying marks between 45% to 50% aggregate marks in graduation 
• The candidate can belong to any educational background/discipline. 

Some universities/MBA institutions also demand a minimum professional experience of 2-5 years in a relevant sector from candidates seeking admission in their MBA course. However, this is not a mandatory factor for most universities and candidates without full-time professional experience can also seek admission in the top MBA colleges of the city. 

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In addition to meeting the minimum eligibility criteria for admission, the candidate should also have a valid score in a national, state or university-level management aptitude exam. Some of the commonly accepted entrance examinations that are considered valid for admission to an MBA include: 

• Common Admission Test (CAT)
• Management Aptitude Test (MAT)
• Xavier Aptitude Test (XAT) 
• Common Universities Entrance Test (CUET)-PG
• AIMS Test for Management Admissions (ATMA) etc. 

Here is a list of the accepted management examinations in some of the top universities and institutes of Ranchi. 

MBA College/Institute	Accepted Entrance Examination
Indian Institute of Management (IIM), Ranchi	CAT
Birla Institute of Technology	CAT/MAT/XAT/CMAT
Xavier Institute of Social Service, Ranchi	CAT/XAT/CMAT
Amity University, Ranchi	Based on Graduation Marks
ICFAI University, Ranchi	Based on General Eligibility
Institute of Science and Management, Ranchi	CAT/MAT/XAT/CMAT
Usha Martin University (UMU), Ranchi	CUET-PG
Doranda College, Ranchi	CAT/ XAT/ CMAT/ MAT/ ATMA
Jharkhand University of Technology, Ranchi	Based on General Eligibility Criteria

In addition to having a valid score in an accepted entrance examination, most of the institutions also conduct personal interviews and group discussions as a means of further screening candidates before final selection. 

Best Private & Public MBA Colleges of Ranchi 

1) Indian Institute of Management (IIM), Ranchi

The Indian Institute of Management (IIM) Ranchi, established in 2009, is among India’s top 17 management institutions as per NIRF (2024) and has been recognised by national and international statutory bodies like AACSB, ARIIA and EFMD. In addition to its top accreditations, IIM Ranchi is also a prestigious college in the professional spheres. The Post Graduate Program in Management or PGPM offered here is equivalent to an MBA course as per the guidelines of AIU. The course is offered in 10 specialisations like HRM, finance and accounting, marketing management, general management etc. The full fee for the course is INR 17.5 lakhs and students are provided with financial aid to afford the course. IIM Ranchi offers enhanced placement services to students pursuing the course and appealing job opportunities are also offered through campus placements with packages as high as INR 17.3 LPA. 

Find further details about the PGPM course at IIM Ranchi here. 

Degree Offered	Post-Graduate Programme in Management (PGPM)
Accreditations	NIRF, Rank 178 in Management Category (2024), ARIIA, AACSB, EFMD etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT
Course Specialisations	Human Resource Management (HRM) Business Analytics  Accounting & Finance Economics Operations Management General Management Organizational Behaviour & Human Resource Management Information Systems & Business Analytics Marketing Management Strategic Management
Full Course Fees	INR 17,50,000
Placement Package	INR 17,30,000 P.A.

2) Birla Institute of Technology, Ranchi

The Birla Institute of Technology was started in 1955 in Mesra, Ranchi and has top accreditations such as those from UGC, AICTE etc. It is a NAAC-rated A-grade institution of India and lives up to its repute by providing top academic and placement support to students. The MBA program at BIT-Mesra is an AICTE-approved course offered in 5 functional specialisations and 3 sectoral specialisations. The course is designed as per latest industrial demands and standards, while also focusing on the research and academic foundations of management. Placement services of the institute provide an excellent RoI for the course, with job opportunities from top hirers in the private and public sectors. 

Find more details about the MBA program at BIT Mesra here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	NAAC ‘A’, NIRF Rank 78 in Management Category (2022), UGC, AICTE etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT/MAT/XAT/CMAT
Functional Course Specialisations	Finance Human Resource Management Marketing IT & Operations Business Analytics
Sectoral Course Specialisations	Hospitality Management Operations and Manufacturing Insurance and Bank Management
Full Course Fees	INR 5,85,000
Placement Package	INR 11,00,000 P.A.

3) Xavier Institute of Social Service, Ranchi

Xavier Institute of Social Service (XISS) was established in Ranchi in 1955 and is a part of the Xavier Group of Institutions. It is an AICTE-recognised institution and also has an accreditation from the NBA. The management program offered here is an AICTE-approved Post Graduate Diploma in Management (PGDM) that is equivalent to an MBA. 5 specialisations are offered for this course, including HRM, finance, marketing, rural management and IT management. The college has a holistic focus on managerial skill and insight development for students, and various facilities like research labs and infrastructure, development and project centres, student support centres etc. Placements are also offered as part of the course and students can explore job roles in top companies, MNCs etc. 

Find key details about the PGDM program at XISS Ranchi here.  

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	NBA, AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/CMAT
Course Specialisations	Rural Management  Information Technology (IT) Management  Marketing Management Finance Management  Human Resource Management
Full Course Fees	INR 8,90,000
Placement Package	INR 5,31,000 P.A.

4) Amity University, Ranchi

Amity University is one India’s top known names for private universities and the university campus in Ranchi was established in 2016. It has been accredited by bodies like UGC, BCI, AIU etc. and offers courses in higher education in a diverse number of fields like management, commerce, science and technology, liberal arts etc. The MBA program at Amity University, Ranchi is offered in 3 specialisations– international business, family business and entrepreneurship and telecommunications management. The full course fee is INR 3,40,000 and the students can avail financial aid through the EMI and other support facilities offered by the university. The placement services of the university are also quite efficient and the placement records and offered CTCs have been consistently reported to be quite high. 

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

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	International Business  Family Business and Entrepreneurship Telecommunications Management
Full Course Fees	INR 3,40,000
Placement Package	INR 6,41,000 P.A.

5) ICFAI University, Ranchi 

ICFAI University, Ranchi, is one of India’s reputed centres for higher education in fields like management, business administration, technology, computer applications etc. It has a number of top accreditations and approvals like UGC, BCI, AICTE etc. in addition to memberships of bodies like AIU, ACU etc. The MBA program at ICFAI Ranchi has been prepared with inputs of academicians and industry experts, and approved by the AICTE as being a competent professional course. There are 6 available specialisations in the course. Interested candidates can seek admission in the course if they meet the minimum eligibility criteria for the same, as there are no entrance examinations for admission to an MBA in Amity. The full course fee is INR 2,55,000 for two years, and scholarship opportunities are also available for students. The placements at ICFAI University have a satisfactory record, with high RoI, appealing packages and top partners of hiring.

Find further 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	Marketing Management  Banking & Insurance Management  Finance Management  Human Resource Management (HRM) Information Technology (IT) & Systems Management  Operations Management
Full Course Fees	INR 2,55,000
Placement Package	INR 10,00,000 P.A.

6) Institute of Science and Management, Ranchi

The Institute of Science and Management (ISM), Ranchi was established in 1985 and is affiliated to Jharkhand University of Technology. The institute is AICTE-approved and provides its management courses through the Department of Business Management. The AICTE-approved MBA program at ISM is a 2-year PG degree course which has the options for 4 specialisation areas. The full fee for the program is INR 2.25 lakhs. Students with a valid score in any of the management exams like CAT/MAT/XAT/CMAT can seek admission in the course. The placement cell of the college partners with companies like the Radisson, Aditya Birla Group, Cipla, CitiBank and more, to bring top job opportunities to the disposal of MBA graduates.

Further details about the course have been provided here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CAT/MAT/XAT/CMAT
Course Specialisations	Human Resource Management (HRM) Marketing Management Finance Management Information Technology (IT) Management
Full Course Fees	INR 2,25,000
Placement Package	INR 4,00,000 P.A.

7) Usha Martin University (UMU), Ranchi

Usha Martin University (UMU), is a private university established in 2012 in Ranchi, Jharkhand that has been recognised and approved by bodies like the UGC, AICTE, BCI, PCI etc. and is also a member of the Association of Indian Universities (AIU). The MBA program at UMU is offered through the Faculty of Business Management and Commerce, and is recognised by the AICTE. Candidates for the course are selected on the basis of CUET-PG. The course is offered in specialisations- finance management, marketing management and human resource management. The full program fee is INR 3,93,000 and the average placements hike up to INR 4,00,000 per annum for freshers. 

Find further course details about the program 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	Finance Management Marketing Management Human Resource Management (HRM)
Full Course Fees	INR 3,93,000
Placement Package	INR 4,00,000 P.A.

8) Doranda College, Ranchi

Doranda College is a well-known institution for higher education in Ranchi and is affiliated to Ranchi University. Established in 1962, the college has expanded its educational services to various levels of education like the UG, PG and vocational levels. The institution is a government college that has been recognised by the UGC, NCTE and NAAC. The MBA program at Doranda brings a perfect blend of academic learning and professional exposure to students as the curriculum has been prepared to integrate theoretical concepts and professional skill-building. The fee range at Doranda is quite affordable in comparison with private MBA institutes, and the students need to pay a total of INR 80,600 for two years of the course. The placements in comparison with the course fee make up for an excellent RoI. 

Here are further details about the MBA program at Doranda College. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, NCTE, NAAC-Recognised
Course Duration	2 Years
Accepted Entrance Examinations	CAT/ XAT/ CMAT/ MAT/ ATMA
Course Specialisations	Finance Management Marketing Management Human Resource Management (HRM) Information Technology (IT) & System Management
Full Course Fees	INR 80,600
Placement Package	INR 3,00,000–INR 4,00,000 P.A.

9) Jharkhand University of Technology, Ranchi

Jharkhand University of Technology is an autonomous institution that is recognised by the Government of Jharkhand and was established in 201. It has the accreditations from UGC, AICTE and BCI. The MBA program offered here has the approval from AICTE as being a valid professional degree course and includes specialisations like marketing, finance, human resources and IT management. The admissions to the university are completed majorly on the basis of the general eligibility criteria. Academic and placement services are also provided for this course. 

More details about the MBA program at Jharkhand University of Technology have been provided below. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AICTE, BCI
Course Duration	2 Years
Accepted Entrance Examinations	– (Based on General Eligibility Criteria)
Course Specialisations	Marketing Management Finance Management Human Resource Management (HRM) Information Technology (IT) Management
Full Course Fees	Current Information Unavailable
Placement Package	Current Statistics Unavailable

RoI of MBA Colleges in Ranchi 

The RoI or return on investment, is a ratio calculated between the average CTC at which students get placed through campus placements and the full course fee.

Is MBA Worth It?	Is Online MBA Worth It?
How to Calculate Return on Investment?

The RoI gives an estimate about how quickly a graduate can recoup the financial investments into the course after graduation. It is one of the most crucial factors in the selection of the right MBA college, and most of the management institutes and colleges of Ranchi offer a satisfactory RoI to students through their placement services. 

Here is a list of some of the top MBA colleges along with their full course fee and the average placement packages offered at campus selections. 

College/Institute	Full Course Fees	Average Placement Package
Indian Institute of Management (IIM), Ranchi	INR 17,50,000	INR 17,30,000 P.A.
Birla Institute of Technology	INR 5,85,000	INR 11,00,000 P.A.
Xavier Institute of Social Service, Ranchi	INR 8,90,000	INR 5,31,000 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.
Institute of Science and Management, Ranchi	INR 2,25,000	INR 4,00,000 P.A.
Usha Martin University (UMU), Ranchi	INR 3,93,000	INR 4,00,000 P.A.
Doranda College, Ranchi	INR 80,600	INR 3,00,000–INR 4,00,000 P.A.
Jharkhand University of Technology, Ranchi	Information Unavailable	Current Statistics Unavailable

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Top Recruiters of MBA Graduates in Ranchi 

Some of the sectors from which the top recruiters of MBA graduates belong include those like marketing, financial and BFSI sector, advertising, IT sectors, consultancy and related services, research and development etc. MBA students can seek jobs in top private and public companies, and MNCs and corporates are some of the thriving sectors looking for MBA graduates. 

Campus selections become very pertinent in this context as robust placement services allow the candidates to get placed in top management firms and companies with lucrative compensation, right after completing their degree. 

Here are a few of the top recruiters and hiring partners of the top management institutions of Ranchi offering an MBA course. 

College/Institute/University	Top Recruiting Partners
Indian Institute of Management (IIM), Ranchi	Asian Paints  DHL  Citi Bank  JP Morgan & Chase HSBC Bank Bandhan Bank Accenture  American Express Capgemini Deloitte  Infosys  Ernst & Young  Genpact  Amazon  McKinsey & Co Tata Steel  Aditya Birla Group etc.
Birla Institute of Technology	Aakash  Mahindra  Kotak Mahindra Bank Hero  Cognizant  Dalmia Oracle  Milan  Birla Sun Life Exide etc.
Xavier Institute of Social Service, Ranchi	Mahindra & Mahindra Ernst & Young  Infosys ICICI Lombard Utkarsh Small Finance Bank Ltd.  MG Motor Tata Consultancy Services (TCS) Satya Micro Capital Ltd. Bandhan Bank Aditya Birla Fashion & Retail Ltd.  Maruti Suzuki India Reliance Industries Ltd. The Times of India etc.
Amity University, Ranchi	Adobe  Times of India  Bharti  Sony Microsoft  Nokia IBM  Pepsi HP NIIT Philips  Barclays  Deutsche Bank  Panasonic  Dabur  Accenture  Infosys etc.
ICFAI University, Ranchi	Mahindra and Mahindra Axis Bank  HDFC Bank Reliance Energy  Dalmia Pidilite  Tata Steel  Amazon  Pantaloon  Genpact  Wipro  NTPC etc.
Institute of Science and Management, Ranchi	TCI Hawkins Tata Motors The Oberoi Group Radisson  JW Marriott The Leela Zuri  Hilton Allahabad Bank  Aditya Birla Group Barclays  Bank of India Cipla Coca Cola  Citi Bank Eureka Forbes etc.
Usha Martin University (UMU), Ranchi	Vivo  Reliance Retail  IDFC First Bank  Prism Cement  Capgemini  HDFC Bank  Apollo Munich  Micro Turners Federal Bank  Jindal Steel & Power Jana  Outlook  Pantaloons  Jharkhand Tourism  Spandana etc.
Doranda College, Ranchi	Vivo  Tata Consultancy Services (TCS)  Bajaj  Mahindra etc.
Jharkhand University of Technology, Ranchi	Larsen & Toubro  Vikash Group  Yokohama Tyres  Jindal  Tata Power  Tata Motors Crisil  Dalmia Group HSBC Bank  Infosys  Reliance Jio  ITC Ltd.  Byju’s  Hindustan Unilever Ltd. etc.

Online MBA Colleges in Ranchi

With the UGC-DEB deeming online degree courses as being equivalent to regular degree courses, students can now select the top college for their MBA not only from a particular city or state, but from anywhere across the nation, as an online MBA degree confers them the benefit of pursuing the course from any location of their choice without the need for relocation. 

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

An online MBA can be quite an advantageous degree to go for since it allows flexibility of learning to students, multiple specialisation options to choose from, affordable course fee, the freedom to take up professional or other ventures, as well as placement opportunities in top firms after course completion. 

Here are a few of the well-accredited colleges and universities in India that offer a fully online MBA program. 

University	Location	Course	Mode
Amity Online	Ghaziabad	Master of Business Administration (MBA)	Online Learning (OL) Mode
LPU Online	Phagwara	Master of Business Administration (MBA)	Online Learning (OL) Mode
IMT Online	Ghaziabad	Post Graduate Diploma in Management (PGDM)	Online Learning (OL) Mode
Chandigarh University Online	Chandigarh	Master of Business Administration (MBA)	Online Learning (OL) Mode
ICFAI Online	Hyderabad (Main Campus)	Master of Business Administration (MBA)	Online Learning (OL) Mode
Online Manipal University	Jaipur	Master of Business Administration (MBA)	Online Learning (OL) Mode
SASTRA University Online	Thanjavur	Master of Business Administration (MBA)	Online Learning (OL) Mode
Jain Online University	Bangalore	Master of Business Administration (MBA)	Online Learning (OL) Mode
GLA Online	Mathura	Master of Business Administration (MBA)	Online Learning (OL) Mode
Hindustan University Online	Chennai	Master of Business Administration (MBA)	Online Learning (OL) Mode
Manav Rachna Online	Faridabad	Master of Business Administration (MBA)	Online Learning (OL) Mode
Online Uttaranchal University	Dehradun	Master of Business Administration (MBA)	Online Learning (OL) Mode

Conclusion 

The capital of Jharkhand, Ranchi, is a city hosting a multitude of reputed colleges for MBA education. These colleges and institutes not only have a comprehensive educational framework for supporting the current academic and professional needs of the students, but also offer appealing placement services that allow them to explore career options that can provide a thrust to their managerial career.