Mba Colleges In Jharkhand
Top MBA Colleges in Jharkhand 2025 – Rankings, Fees, Placements & Admission Details
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Jharkhand is home to more than 40 business colleges. The list includes 17 government-owned and 23 privately owned institutions within the boundaries of the mineral-rich state. Jharkhand has emerged as a one-stop destination for business management aspirants. Top MBA colleges in Jharkhand, like BIT Mesra and IIM Ranchi, offer MBA programs that aren't only recognized domestically but are backed by a global value. The most widely accepted entrance exams by top business institutions for admissions in MBA include CAT, MAT, and CMAT, with CAT being the most common entrance test for leading business schools.
To secure admissions in the Top MBA colleges in India, good scores on the above-mentioned national-level entrance exams are crucial. IIM Ranchi, the top MBA institution in Jharkhand, primarily relies on CAT scores and does not offer direct admission to any MBA programs. Private institutions come with some flexibility, allowing direct admissions based on merit and management quota. Some colleges prefer work experience, but not necessarily.
There are more than 40 colleges in Jharkhand offering MBA programs, with IIM Ranchi, ISM Dhanbad, and BIT Mesra being consistently top-ranked.
Top MBA Colleges in Jharkhand with Rankings 2024
Top MBA colleges in Jharkhand offer quality education to students. Some colleges are accredited by national statutory bodies like NIRF and other bodies. The rankings are done based on overall student services and campus placements.
NIRF Rankings 2024
The National Institutional Ranking Framework, accepted by the MoE, shared a list of its rankings of the top MBA colleges in Jharkhand. The rankings are done based on five broad categories: TLR, RP, GO, OI, and PR. TLR stands for Teaching, Learning, and Resources and focuses on parameters such as college infrastructure, student-faculty ratio, and resources available to students.
Outlook Rankings 2024
Published by Outlook India magazine, the Outlook ICARE rankings provide annual rankings of Indian business schools. The Indian Centre for Academic Ranking & Excellence (ICARE) assesses institutions on various parameters, making it a valuable tool for students. Outlook-ICARE assesses universities and colleges on five parameters carrying 250 points each, taking the total to 1,000 points. These rankings prove to be a valuable resource for MBA aspirants, helping them make informed decisions and find the best college for their higher education.
Business Today Rankings 2024
Business Today ranks top business schools in India based on the score obtained out of 1000. The key parameters of evaluation include students’ learning experience in college, placement statistics and performance, accommodation experience, admission selection procedure, and management structure. Business Today rankings help assess the reputation and quality of business schools all across the country. With a broad overview of top MBA colleges in Jharkhand, students can choose the best fit for them with ease.
Top MBA Colleges in Jharkhand Admissions 2025
The admission process in the Top MBA colleges in Ranchi, Jharkhand begins with entrance exam registrations in July and August. The application becomes available by June, with a deadline for complete submission in September. Some colleges offer early application rounds that may commence as early as February.
Admission Process
Step 1 - Choosing the right entrance exam according to the college preference. Visit the official website of the relevant exam and register on time.
Step 2 - Prepare well for the entrance exam, as it holds the key to the top MBA college seats. Appear for the exam and wait for the results (generally 4 to 6 weeks).
Step 3 - Check entrance exam scores and apply to MBA colleges accordingly. Fill out individual college application forms and follow college-specific procedures.
Step 4 - Candidates are shortlisted based on their entrance exam scores, work experience (if any), academic records, and quota (if any). Upon shortlisting, the selected candidates proceed further with the Written Ability Test (WAT) and Personal Interview (PI) rounds.
Step 5 - Based on all the analysis and judgment, a final merit list is prepared, showing a score calculated on the basis of the candidate’s overall performance.
Step 6 - Check the email and admission portals of the target colleges to confirm your selection via offer letters.
Step 7 - Pay the admission fee and submit all the required documents and affidavits carefully. Note that not paying the acceptance fee may result in the rejection of the admission application.
Admission Timeline
June onwards - Application forms for almost all management colleges in Jharkhand become available.
July to August - Entrance exams (MAT, CAT, CMAT) for business programs begin.
September to October - Colleges move towards concluding the final rounds of the admission, with some institutions extending their deadlines till October.
State-level JCECEB Entrance Exam
Jharkhand Combined Entrance Competitive Examination (JCECEB) is the primary state-level MBA entrance exam in Jharkhand for admission to various private and government MBA colleges. This exam is primarily for students who are preparing for admission to top MBA colleges within the state.
Direct Admission for Students with Low Percentile
The process of direct admission to MBA colleges in Jharkhand is possible for students who scored in the low percentile. However, it should be noted that direct admission is limited to private institutions and certain management quota seats. The basic eligibility criteria followed by some MBA colleges that offer direct admission include a bachelor’s degree from a recognized university with a minimum 50% score. If you are also exploring options beyond Jharkhand, you can check out the top MBA colleges in Hyderabad, best MBA colleges in Bangalore, best MBA colleges in Mumbai, and top MBA colleges in Gurgaon for better opportunities.
Some private colleges give preference to work experience, especially if the students are looking for direct admission. Other options include management quota seats, which are filled through direct admission processes.
Exam-specific Admissions
CAT - The most common entrance exam for MBA, accepted by top colleges like IIM Ranchi. For IIM, the required percentile is 90-96%, while for BIT, it is 60-80%. CAT is held once a year.
MAT - Conducted four times a year by AIMA, this test is suitable for private, mid-tier colleges.
CMAT - Common Management Admission Test, conducted by NTA, is slightly easier than competitive exams like CAT and is conducted once a year. Scoring a 60-90% on this test can secure a seat in colleges like Amity University, ICFAI University, and BIT Mesra.
GMAT - The Graduate Management Admission Test is globally accepted, especially for international programs and executive MBAs. IIM Ranchi accepts a 600+ GMAT score for some specialized programs.
Top MBA Colleges in Jharkhand Exam Schedule 2025
The main MBA entrance examinations for top-tier business colleges in Jharkhand in 2025 include CAT, MAT, and CMAT. These entrance exams are key to securing admissions in the top mba colleges in dhanbad. The results of these competitive exams assess a candidate’s aptitude in verbal reasoning, quantitative ability, and data interpretation.
Top Private MBA Colleges in Jharkhand
Jharkhand is a hub for top private MBA colleges that offer excellent academic programs, paving the way to a successful career in business management. Birla Institute of Technology (BIT), Mesra, offers a reputed MBA program in the private business school domain. Other top private colleges in Jharkhand for MBA include colleges like Usha Martin University, ICFAI University Jharkhand, and Arka Jain University. These colleges offer more affordable and accessible options to students seeking admission to a private MBA colleges in jharkhand.
Top Government MBA Colleges in Jharkhand
The search for top government MBA colleges in Jharkhand for quality education, affordable fee structure, and good ROI ends here. Apart from IIM Ranchi, Jharkhand is home to other high-ranking government MBA colleges such as the Central University of Jharkhand (CUJ), IIT (ISM) Dhanbad, Birsa Agricultural University (BAU), and Dr. Shyama Prasad Mukherjee University (DSPMU). These colleges prove to be a more suitable option for students from the region with moderate placement statistics. Here is a list of the top government-owned MBA colleges that are well-known for their academic excellence and high placement statistics.
Top MBA Colleges in Ranchi Eligibility Criteria
Top MBA colleges in Ranchi have a set of criteria for admission.
They require a bachelor’s degree after 10 + 2.
A minimum of 50% aggregate (for the general category) from a recognized university is required. For reserved category candidates, the minimum requirement is 45%.
Most MBA colleges typically require national-level entrance exams such as CAT, MAT, GMAT, or XAT.
Students in the final year of their college education are also eligible to apply for admission. However, they must submit a certificate obtained from their college.
MBA Colleges in Jharkhand Fees vs Salary (ROI)
While selecting the best MBA college in Dhanbad & Jharkhand, Return on Investment (ROI) must be any student’s first focus. The basic parameter to check whether the college offers a good return on investment is to compare the college fees and the average placement packages offered to students. IIT (ISM) Dhanbad, without a doubt, tops the list with average packages far exceeding the college fees, making it the top choice for students. More affordable college options, such as the Central University of Jharkhand and Dr. Shyam Prasad Mukherjee University, offer moderate packages.
Highest Salary Offered by MBA Colleges
The highest salary packages offered by a particular college clearly show the reputation and excellence of the college. Leading the list with the highest package, IIM Ranchi attracts a number of domestic and international recruiters consistently. The key indicator of the success of a college is the highest package that its student was offered. It is a result of quality education mixed with strong industry connections, highlighting the potential career growth for MBA aspirants.
Cost of Studying MBA in Jharkhand
The overall cost of studying an MBA in Jharkhand will vary depending on various factors such as the type of college, kind of accommodation, and food preferences. Let’s figure out a cost estimation for a student based on the college.
IIM Ranchi
Tuition fee - INR 19.20 lakhs
Hostel charges - Included
Mess charges - 1.2-1.32 lakhs approximately
Books and stationery - Depends mainly on the course. 15,000-25,000/- over two years, approximately.
Total expenditure - INR 20-21 lakhs approximately
IIT (ISM) Dhanbad
Tuition fee - INR 3-3.7 lakhs
Hostel charges - 1-1.6 lakhs per year (as per similar colleges’ charges)
Mess charges - 1.0-1.5 lakhs approximately
Books and stationery - 18,000-28,000/- approximately
Total expenditure - INR 6-7 lakhs approximately
BIT Mesra
Tuition fee - INR 7.47 lakhs
Hostel charges - 88,000/- for two years
Mess fee - 61,000-65,000/- annually
Books and stationery - 15,000-25,000/- approximately
Total expenditure - INR 9-10 lakhs approximately
EMI and Scholarships
Studying at a top MBA college can take a toll on the student’s pocket. Hence, financial flexibility can prove to be a boon for students. Several universities, like Usha Martin University, Ranchi, Arka Jain University, Jamshedpur, and other private colleges, offer EMI options. Students can opt for flexible fee payment options directly from the college. However, top-tier institutions such as IIM Ranchi do not offer EMI options directly. Students can avail educational loans from banks, which will eventually get converted to EMIs.
Studying at leading MBA colleges in Jharkhand comes with its own perks, and one of them is scholarships. Let’s check out the major scholarship options available at the top-tier colleges for an MBA in Jharkhand.
IIM Ranchi
Merit-cum-Means Scholarship - A 100% waiver on tuition fees for 25 students with gross family income below INR 3 lakh.
National Fellowship and Scholarship for Students from Scheduled Tribes - Up to 31,000/- per month.
Central Sector Scholarship for Students from Scheduled Caste - Up to INR 2 lakh annually.
Scholarships for handicapped students and background-based relief.
Usha Martin University, Ranchi
Domicile Scholarship - 10% waiver on the fee for students with a Jharkhand domicile.
100% tuition fee waiver for male students scoring above 95% marks and a 50% waiver for students scoring 90-95%.
Female students with 80-90% marks can avail of a 20% waiver, while above 90% marks, a 50% waiver.
Government/State and Central Scholarships
Government Schemes - Post-Matric Scholarships offering tuition support and stipends, provided the candidates are eligible.
E-Kalyan Jharkhand - For students from SC, ST, OBC, and EWS. This scholarship covers tuition fees, maintenance costs, and other expenditures.
Top MBA Specializations in Jharkhand
Students have different interests and goals, requiring them to select from various specializations to move ahead with. Top MBA colleges in Jharkhand offer different specializations to cater to the different needs and interests of students. Choosing the right specialization is crucial for students, as it will help align their interests and strengths, resulting in better career growth.
Top MBA Colleges in Jharkhand Cutoff 2025
Each MBA college has its own entrance requirements and cutoffs, given the competition in the business education landscape. The most prestigious institution in Jharkhand for MBA, IIM Ranchi, has a cutoff of 94% in the CAT exam. These cutoff percentiles help shortlist potential candidates and streamline the selection process. Hence, students are required to prepare accordingly and strategically.
Comparison of Top MBA Colleges in Jharkhand
Top MBA colleges in Jharkhand compete on the basis of return on investment. IIT (ISM) Dhanbad stands out with an average salary of INR 17.69 LPA, with an admission fee of just INR 3.68 lakhs. The MBA program at IIT (ISM) Dhanbad stands out as a solid choice for cost-conscious students seeking the best MBA program in Jharkhand. IIT Ranchi, another prestigious institution for the MBA program in Jharkhand, managed to secure the highest package, with the average salary being INR 19.29 LPA.
Frequently Asked Questions
Q1. How to clear the admission process in top MBA colleges in Jharkhand?
The admission process in the top MBA colleges in Jharkhand involves shortlisting on the basis of entrance exam scores. Top-tier colleges proceed with group discussion, written ability tests, and personal interview rounds. Some colleges allow merit-based and direct admissions to students within the management quota.
Q2. Which is a better option for ROI between government and private colleges?
Both top-tier government and private universities offer great ROIs for an MBA in Jharkhand. IIM Ranchi and BIT Mesra have a lower fee structure and have consistently secured nearly 100% placements for students. On the other hand, premier private business schools have a high fee structure, but the placements are outstanding. Other private colleges offer moderate placements but generally charge significantly, making government colleges a more suitable option.
Q3. Which business course specialization has the highest placement consistently?
Finance and BFSI sectors have constantly emerged as the top placement specializations with packages exceeding other sectors. The HRM sector, too, has a high placement record, besides the finance and BSFI sectors.
Q4. What is the process to apply for scholarships at top MBA colleges in Jharkhand?
There are numerous scholarship options available to students at the top MBA colleges in Jharkhand, both private and government colleges. They can vary on the basis of merit, government schemes, specific quotas, disability, and other college-specific criteria. Students are required to be prepared with documents such as proof of domicile, proof of income, a caste certificate, and an admission letter.
IIT Dhanbad (ISM) - Indian Institute of Technology Dhanbad, Dhanbad
Avg Package - 12-20 LPA
