Bihar, known for its rich educational heritage, has been a center of learning since ancient times. Today, the state is emerging as a hub for higher education, including MBA programs. With reputed universities, government support, and improving corporate connections, Bihar is becoming a viable option for management studies. This guide provides insights into the top MBA colleges in Bihar, along with fees, placements, and specializations.
Why Choose Bihar for Your MBA?
- Growing Educational Infrastructure: The state is investing in higher education institutions.
- Affordable Education: MBA programs in Bihar are cost-effective compared to metro cities.
- Government Initiatives: The Bihar government is promoting higher education through scholarships and financial aid.
- Developing Corporate Sector: Business hubs in Patna and other cities provide growing placement opportunities.
- Heritage of Learning: Bihar is home to prestigious institutions like IIT Patna and Nalanda University.
Top MBA Colleges in Bihar
1. Chandragupt Institute of Management (CIMP), Patna
- Location: Patna, Bihar
- Fees: ₹7-9 Lakhs
- Average Placement Package: ₹6-7 LPA
- Specializations: Finance, Marketing, Operations, HR
- Highlights: Strong industry interface and growing reputation among management institutions.
2. Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna
- Location: Patna, Bihar
- Fees: ₹2-4 Lakhs
- Average Placement Package: ₹3-5 LPA
- Specializations: Marketing, Finance, HR, IT
- Highlights: Affordable fees and a focus on regional business development.
3. Indian Institute of Technology (IIT), Patna – Department of Management Studies
- Location: Patna, Bihar
- Fees: ₹8-10 Lakhs
- Average Placement Package: ₹10-12 LPA
- Specializations: Business Analytics, Finance, IT, Operations
- Highlights: IIT brand name and strong corporate tie-ups.
4. Patna University – Department of Applied Economics and Commerce
- Location: Patna, Bihar
- Fees: ₹1-2 Lakhs
- Average Placement Package: ₹3-4 LPA
- Specializations: Marketing, HR, Finance
- Highlights: One of the oldest universities in India, offering a solid academic foundation.
5. Aryabhatta Knowledge University (AKU), Patna
- Location: Patna, Bihar
- Fees: ₹3-5 Lakhs
- Average Placement Package: ₹4-5 LPA
- Specializations: Finance, Marketing, HR, Business Analytics
- Highlights: Good academic environment and growing industry collaborations.
6. Amity University, Patna
- Location: Patna, Bihar
- Fees: ₹6-8 Lakhs
- Average Placement Package: ₹4-6 LPA
- Specializations: Marketing, HR, Finance, IT Management
- Highlights: Strong placement support and modern infrastructure.
7. Anugrah Narayan College (ANC), Patna
- Location: Patna, Bihar
- Fees: ₹1-3 Lakhs
- Average Placement Package: ₹2-4 LPA
- Specializations: HR, Marketing, Finance, Operations
- Highlights: Affordable education with a growing reputation in business studies.
8. Magadh University, Bodh Gaya – Faculty of Management
- Location: Bodh Gaya, Bihar
- Fees: ₹2-4 Lakhs
- Average Placement Package: ₹3-5 LPA
- Specializations: Marketing, HR, Finance
- Highlights: Offers a traditional and research-based approach to management studies.
9. Nalanda University, Rajgir – School of Management
- Location: Rajgir, Bihar
- Fees: ₹4-6 Lakhs
- Average Placement Package: ₹5-7 LPA
- Specializations: International Business, Finance, Marketing, HR
- Highlights: International exposure with a focus on business ethics and leadership.
10. Dr. CV Raman University, Vaishali
- Location: Vaishali, Bihar
- Fees: ₹3-5 Lakhs
- Average Placement Package: ₹3-4 LPA
- Specializations: Marketing, HR, Finance, Operations
- Highlights: Industry-oriented curriculum with growing placement records.
Admission Process for MBA in Bihar
- Entrance Exams: CAT, XAT, CMAT, MAT, GMAT, and university-specific tests.
- Eligibility Criteria: A bachelor’s degree with at least 50% marks (45% for reserved categories).
- Selection Process: Entrance exam scores, group discussions, personal interviews, and academic performance.
Placement Trends in Bihar MBA Colleges
Major recruiters hiring MBA graduates from Bihar include:
- IT & Consulting: TCS, Wipro, Infosys, Accenture
- Banking & Finance: HDFC Bank, ICICI Bank, Axis Bank, Deloitte
- Retail & FMCG: Hindustan Unilever, Nestlé, Big Bazaar
- Healthcare & Pharma: Apollo Hospitals, Max Healthcare, Cipla
- Manufacturing & Infrastructure: Tata Steel, L&T, Reliance Infrastructure
Government & Industry Support for MBA Students
- Startup & Innovation Support: Bihar government supports entrepreneurship through incubation centers.
- Industrial Growth Initiatives: The state is focusing on developing industrial zones and business parks.
- Scholarship Programs: Various government scholarships are available for meritorious students from economically weaker backgrounds.
Conclusion
Bihar is steadily growing as an education hub, with premier institutions like IIT Patna, CIMP, and Nalanda University offering quality MBA programs. With an affordable cost of education, a developing corporate sector, and supportive government initiatives, Bihar provides promising opportunities for MBA aspirants. Whether you seek a corporate career, entrepreneurship, or specialization in business fields, pursuing an MBA in Bihar can be a rewarding choice.
