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

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

Dec 11, 2023 2.4K Reads

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. 

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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 25 management institutions as per NIRF (2023) 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 15 in Management Category (2022), 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. 

FAQs (Frequently Asked Questions)

IIM Ranchi is the top ranked college of Ranchi for MBA education and it has also been ranked as the nation’s 24th top management institution by NIRF (2023).

Some of the top MBA colleges with best placements and high RoI in Ranchi include IIM Ranchi, Birla Institute of Technology, ICFAI University, Amity University etc. 

The average fee for completing an MBA from Ranchi ranges approximately between INR 2,50,000 to INR 4,00,000 for two years. 

The average salary that an MBA graduate can get placed at is nearly INR 7,50,000 P.A. 

Colleges in Ranchi do not offer an online MBA or equivalent program themselves. However, a student willing to take up an online MBA can do so from any college across the nation, as an online course allows the benefit of being able to pursue the course from any location of their choice with flexibility of learning. Some of the top colleges in India offering an online MBA include LPU, Amity University, Manipal University, Jain University etc. 

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