When it comes to pursuing an MBA, Patna stands out as a vibrant hub of educational excellence. Among the myriad options available, a few institutions truly shine. Let’s delve into the cream of the crop, where academic rigor meets practical exposure. These colleges are not only affordable but also promise satisfactory placements for aspiring management professionals.
Chandragupt Institute of Management (CIMP) leads the pack, securing its position as the best MBA college in Patna according to the NIRF Ranking 2023. With a stellar reputation, CIMP offers a comprehensive curriculum and a nurturing environment for students. Alongside CIMP, other notable institutions like DMI Patna, ISM Patna, and Amity University Patna provide quality education without burning a hole in your pocket.
Table of Content
- 10 Leading MBA Colleges in Patna 2024
- Private MBA Colleges in Patna 2024
- Government MBA Colleges in Patna 2024
- Most Affordable MBA College in Patna 2024
- MBA Colleges for Computer Science in Patna 2024
- B.Tech CS + MBA Options in Patna (2024)
- ROI of Top MBA Colleges Patna
- Eligibility Criteria of the Best MBA Colleges Patna
- Entrance Examinations Accepted by Leading MBA Colleges Patna
- Leading Employers for MBA Graduates Patna
- Affordability of Pursuing an MBA Degree in 2024 Patna
- Conclusion
- Top MBA colleges in Patna – FAQs
10 Leading MBA Colleges in Patna 2024
Here’s an updated list of the Top MBA Colleges in Patna for the Year 2024, with average fees, and official website links:
| College Name | Type | Estimated Average Fees (INR) | Official Website Link |
|---|---|---|---|
| Chandragupt Institute of Management, Patna (CIMP) | Private | 3,40,000 (PGDM/FPM) | https://new.cimp.ac.in/ |
| International School of Management (ISM), Patna | Private | – | https://www.ismpatna.ac.in/ |
| Amity University, Patna | Private | 1,43,000 (PGDM) | https://amity.edu/Bihar/ |
| Indian Institute of Business Management (IIBM), Patna | Private | 1,43,000 (PGDM) | https://www.iibm.in/ |
| Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna | Public (State Government) | 1,86,000 (MBA) | https://www.lnmipat.ac.in/wp-content/uploads/2023/04/L.-N.-Mishra-Prospecutus-Final-2023-1.pdf |
| A.N. College (Patna University) | Public (University Department) | – | – |
| Magadh Mahila College (Patna University) | Public (University Department) | – | – |
| Birla Institute of Technology, Patna | Public (Central Institute) | – | https://www.bitmesra.ac.in/ |
Private MBA Colleges in Patna 2024
Here’s a detailed list of top private MBA colleges in Patna for 2024, considering factors like fees, placements and location:
| College Name | Location | Average Fees (INR) | Courses Offered | Estimated Average Placement (LPA) |
|---|---|---|---|---|
| Chandragupt Institute of Management, Patna (CIMP) | Patna | 3,40,000 (PGDM/FPM) | PGDM (Various Specializations) | 4-8 |
| International School of Management (ISM), Patna | Patna | Data Not Available | MBA, BBA | – |
| Amity University, Patna | Patna | 1,43,000 (PGDM) | PGDM (Various Specializations) | 3-6 |
| Indian Institute of Business Management (IIBM), Patna | Patna | 1,43,000 (PGDM) | PGDM (Various Specializations) | 3-6 |
| Asian Institute of Management (AIM), Patna | Patna | 2,00,000 – 3,00,000 (Estimated) | PGDM | – |
| Asian School of Business (ASB), Patna | Patna | 1,50,000 – 2,50,000 (Estimated) | MBA | – |
| Institute of Management Excellence (IME), Patna | Patna | 1,80,000 – 2,80,000 (Estimated) | PGDM | – |
| Magadh School of Business (MSB), Patna | Patna | 1,20,000 – 2,20,000 (Estimated) | PGDM | – |
| Patna Business School (PBS), Patna | Patna | 1,50,000 – 2,50,000 (Estimated) | PGDM | – |
| Xavier Institute of Management & Entrepreneurship (XIME), Patna (Branch) | Patna | (Check XIME Main Campus) | PGDM | – |
Government MBA Colleges in Patna 2024
Government colleges can be a great option due to their potentially lower fees and good reputation. Consider researching faculty, course curriculum, alumni network, and your career goals when making your decision. Here are some best government MBA colleges in patna:
| College Name | Location | Estimated Average Fees (INR) | Hostel Availability |
|---|---|---|---|
| Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna | Patna | 1,86,000 (MBA) | Likely (Check Website for Details) |
| A.N. College (Patna University) | Patna | 50,000 – 1,00,000 (Estimated Range) | Likely (Part of Patna University) |
| Magadh Mahila College (Patna University) | Patna | 50,000 – 1,00,000 (Estimated Range) | Likely (Part of Patna University) |
| Patna College (Patna University) | Patna | 50,000 – 1,00,000 (Estimated Range) | Likely (Part of Patna University) |
| Development Management Institute (DMI), Patna | Patna | Data Not Available | Likely (Check Website for Details) |
| Chanakya National Law University, Patna | Patna | Not Applicable (Offers Law Programs) | Not Applicable |
| Birla Institute of Technology, Patna | Patna | Not Applicable (Offers Engineering Programs) | Not Applicable |
| Aryabhatta Knowledge University (AKNU) | Patna | 50,000 – 1,00,000 (Estimated Range for Public Universities) | Likely (Check University Website) |
| National Institute of Technology Patna (NIT Patna) | Patna | Not Applicable (Offers Engineering Programs) | Not Applicable |
| Indian Institute of Technology Patna (IIT Patna) | Patna | Not Applicable (Offers Engineering Programs) | Not Applicable |
Important Note: Entrance exam details and fee structures can change year-on-year. Always refer to the official college websites for the latest information
Most Affordable MBA College in Patna 2024
Here’s a table listing some good colleges in Patna likely offering affordable MBA programs in 2024, along with estimated fee ranges and courses offered:
| College Name | Location | Estimated Average Fees (INR) | Why Affordable |
|---|---|---|---|
| A.N. College (Patna University) | Patna | 50,000 – 1,00,000 (Estimated Range) | Public university department with potentially lower fees |
| Magadh Mahila College (Patna University) | Patna | 50,000 – 1,00,000 (Estimated Range) | Public university department with potentially lower fees |
| Patna College (Patna University) | Patna | 50,000 – 1,000,000 (Estimated Range) | Public university department with potentially lower fees |
| Aryabhatta Knowledge University (AKNU) | Patna | 50,000 – 1,00,000 (Estimated Range for Public Universities) | Public university with potentially lower fees |
| Development Management Institute (DMI), Patna | Patna | Data Not Available (Check Website) | Government Institution (Fees might be lower than private colleges) |
Here’s why these colleges are potentially affordable:
- Government Colleges: Government colleges generally have lower fees compared to private institutions.
- Smaller Towns: Localities outside Guwahati or Jorhat might have a slightly lower cost of living in terms of accommodation and food expenses.
Additional Tips for Finding Affordable MBA Programs:
- Consider government scholarships and financial aid programs offered by the university or state government.
- Research colleges offering merit-based scholarships or waivers based on academic performance.
- Explore options for part-time MBA programs or weekend programs that might allow you to continue working while studying, reducing living expenses.
MBA Colleges for Computer Science in Patna 2024
There aren’t any colleges in Assam that offer a combined B.Tech CS + MBA program. However, there are several options for you to consider if you’re interested in both Computer Science and Business Administration:
B.Tech CS + MBA Options in Patna (2024)
While Patna doesn’t offer a combined B.Tech CS + MBA program, here are some alternative strategies to consider if you’re interested in both Computer Science and Business Administration:
1. B.Tech CS followed by MBA:
- This is the most common approach. You can pursue a B.Tech in Computer Science from a reputed college in Patna and then pursue an MBA from another college in India or abroad.
Top B.Tech CS Colleges in Patna (2024 – Estimated):
- Indian Institute of Technology Patna (IIT Patna) – Offers B.Tech in Computer Science and Engineering
- National Institute of Technology Patna (NIT Patna) – Offers B.Tech in Computer Science and Engineering
2. Explore MBA programs with a Technology Focus:
- Some MBA programs offer specializations in areas that combine technology and business knowledge. This option could be a good fit if you want to build upon your B.Tech CS foundation.
Colleges in India offering MBA programs with a Technology Focus (Research acceptance for Patna students):
- Indian Institutes of Management (IIMs) – Various campuses offer MBA programs with Tech specialization (e.g., Business Analytics, Information Technology Management)
- Xavier Institute of Management & Entrepreneurship (XIME) – Offers PGDM programs with specializations like Business Analytics
- Symbiosis Institute of Business Management (SIBM) – Offers MBA programs with specializations like Information Technology & Management
Important Notes:
- Research the specific programs and their eligibility criteria (e.g., entrance exams, minimum B.Tech percentage).
- Consider factors like faculty expertise, course curriculum, placement record (if available), and alumni network when making your decision.
- Explore scholarship opportunities at both B.Tech and MBA colleges to help manage costs.
MBA Colleges for Computer Science in Patna 2024
Patna, the capital city of Bihar, is a hub for higher education and hosts several prestigious institutions offering MBA programs. Here’s a comprehensive guide to the top MBA colleges for Computer Science in Patna for the year 2024:
1. Chandragupt Institute of Management (CIPM), Patna
CIPM offers a Post Graduate Diploma in Management (PGDM) program. It is the best MBA college in Patna, ranked 103 among the top MBA colleges in India by NIRF in 20231. The course fee is approximately INR 7,65,000.
2. International School of Management (ISM), Patna
ISM offers a Post Graduate Diploma in Management (PGDM) program. The course fee is approximately INR 4,00,0002.
3. Patna University
Patna University offers a Master of Business Administration (MBA) program. The course fee is approximately INR 54,1002.
4. Indian Institute of Business Management (IIBM), Patna
IIBM offers a Post Graduate Diploma in Management (PGDM) program. The course fee is approximately INR 3,15,001.
5. Birla Institute of Technology, Patna
BIT offers a Master of Business Administration (MBA) program. The course fee is approximately INR 5,85,000.
6. Amity University, Patna
Amity University offers a Master of Business Administration (MBA) program. The course fee ranges from INR 3,41,000 to INR 3,88,000.
7. Development Management Institute (DMI), Patna
DMI offers a Master of Business Administration (MBA) program. The course fee is approximately INR 6,00,000.
Eligibility Criteria The general eligibility criteria for these colleges include a graduation degree from a recognized university, a minimum of 50% aggregate marks in graduation, and a valid score in entrance exams like CAT, MAT, XAT, or CMAT
Admission Process Admissions are done based on merit and the scores obtained in the entrance exams1.
Placement The average placement package for MBA graduates in Patna varies from INR 3 lakh to INR 5 lakh
ROI of Top MBA Colleges Patna
ROI stands for Return on Investment. In simple terms, it’s a way to measure how much profit or benefit you get from an investment compared to its cost.
Here’s a list of Top MBA Colleges in Patna for 2024 with estimated average salary, average fees, and a calculated ROI (Return on Investment):
| College Name | Location | Estimated Average Fees (INR) | Estimated Average Placement (LPA) | Estimated ROI (Years) |
|---|---|---|---|---|
| Chandragupt Institute of Management, Patna (CIMP) | Patna | 3,40,000 (PGDM/FPM) | 4-8 | 4.3 – 8.5 (Estimated) |
| Amity University, Patna | Patna | 1,43,000 (PGDM) | 3-6 | 2.4 – 4.7 (Estimated) |
| Indian Institute of Business Management (IIBM), Patna | Patna | 1,43,000 (PGDM) | 3-6 | 2.4 – 4.7 (Estimated) |
| Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna | Patna | 1,86,000 (MBA) | Data Not Available | Data Not Available |
| A.N. College (Patna University) | Patna | 50,000 – 1,00,000 (Public University Fee) | Data Not Available | Potentially High (Due to Low Fees) |
| Magadh Mahila College (Patna University) | Patna | 50,000 – 1,00,000 (Public University Fee) | Data Not Available | Potentially High (Due to Low Fees) |
| Patna College (Patna University) | Patna | 50,000 – 1,00,000 (Public University Fee) | Data Not Available | Potentially High (Due to Low Fees) |
| Development Management Institute (DMI), Patna | Patna | Data Not Available | Data Not Available | Data Not Available |
Eligibility Criteria of the Best MBA Colleges Patna
Here’s a breakdown of the Eligibility Criteria for Top MBA Colleges in Patna (2024):
General Eligibility:
- Bachelor’s Degree: A Bachelor’s Degree in any discipline from a recognized university is typically required. Some colleges might have a minimum percentage requirement (often around 50%, with relaxation for SC/ST/OBC candidates).
-
Entrance Exams: Most colleges require a valid score in a national-level MBA entrance exam like:
- CAT (Common Admission Test)
- XAT (Xavier Aptitude Test)
- CMAT (Central Management Admission Test)
- MAT (Management Aptitude Test)
- GMAT (Graduate Management Admission Test) (For some colleges)
Additional Requirements (May Vary by College):
- Work Experience: While not mandatory in all colleges, some might prefer candidates with work experience (often 2-3 years) for their programs.
- Group Discussion (GD) & Personal Interview (PI): Shortlisted candidates are usually called for GD and PI rounds to assess their communication, analytical skills, and suitability for the program.
- Writing Ability: Some colleges might require an Essay or Writing Sample as part of the application process.
Entrance Examinations Accepted by Leading MBA Colleges Patna
Here’s a list of Entrance Examinations Accepted by Leading MBA Colleges in Patna (2024):
- CAT (Common Admission Test): The most prestigious national-level MBA entrance exam, widely accepted by most top colleges, including private institutions like CIMP, Amity University, and IIBM.
- CMAT (Central Management Admission Test): Another popular national-level exam, a good alternative to CAT, accepted by many colleges (government and private) like LNMI, A.N. College, Magadh Mahila College, and Patna College (all under Patna University).
- MAT (Management Aptitude Test): Conducted by various institutions throughout the year, a viable option for students seeking flexibility. Accepted by some colleges like LNMI, A.N. College, Magadh Mahila College, and Patna College (all under Patna University). (Double-check the specific exam accepted by Patna University for MBA programs).
- XAT (Xavier Aptitude Test): Primarily accepted by XLRI institutes but might be considered by some Patna colleges for MBA programs. Research individual college websites for confirmation.
- GMAT (Graduate Management Admission Test): Primarily for international students or those aiming for MBA programs abroad. A few colleges might accept GMAT, but it’s not as common as the exams listed above
Leading Employers for MBA Graduates Patna
Here are some Industries and Likely Recruiters in Patna:
- IT/Consulting: Accenture, Capgemini, Infosys, Wipro (Package: ₹4-8 LPA)
- Banking/Finance: SBI, PNB, ICICI Bank, HDFC Bank (Package: ₹5-8 LPA)
- FMCG: HUL, Nestle, ITC (Package: ₹4-6 LPA)
- Manufacturing: Local Manufacturing Units (Package: ₹4-6 LPA)
- Pharma/Healthcare: Pharmaceutical Companies, Hospitals (Package: ₹4-6 LPA)
Affordability of Pursuing an MBA Degree in 2024 Patna
Here’s a simple breakdown of the affordability of pursuing an MBA degree in Patna in 2024, compared to other states in India:
- MBA Fees in Patna: The average annual fee for an MBA program in Patna is around INR 1-2 lakh1. For example, the MBA program at Patna University costs approximately INR 54,100 per year.
- MBA Fees in Other States: On the other hand, the average annual fee for an MBA program in other states can range from INR 15,00,000 to INR 28,00,000, especially in top-tier business schools.
- Comparison: Therefore, pursuing an MBA degree in Patna can be significantly more affordable compared to other states in India.
- Placement Packages: The average placement package for MBA graduates in Patna varies from INR 3 lakh to INR 5 lakh1. This means that students can expect to earn back their investment within a few years of working.
- Additional Costs: Apart from tuition fees, students may also need to consider the cost of living, books, and other miscellaneous expenses.
- Financial Aid: Many colleges offer scholarships and financial aid to students based on merit or financial need. Students can also avail of education loans from various banks at reasonable interest rates.
Conclusion
In conclusion, these are the top MBA colleges in Patna for students to get into. They are ranked based on their infrastructure, facilities, academics, and placement records. Students can put in hard work and can get into one of these institutes to get the best placements, best facilities and make their future.
Top MBA colleges in Patna – FAQs
Which is the best MBA college in Patna?
The best MBA college in Patna as per Nirf Ranking and ratings is Chandragupt Institute of Management (CIPM), Patna1.
What is the average fee for an MBA program in Patna?
The average annual fee for an MBA program in Patna is around INR 1-2 lakh2.
What are the entrance exams accepted by MBA colleges in Patna?
Most MBA colleges in Patna accept scores from entrance exams like CAT, MAT, XAT, or CMAT3.
What is the average placement package for MBA graduates in Patna?
The average placement package for MBA graduates in Patna varies from INR 3 lakh to INR 5 lakh2.
How many MBA colleges are there in Patna?
There are 27 MBA colleges in Patna, including 25 private and 2 government2.