Top Management Colleges in Ranchi 2024: Ranking, Fees, Placements 2024

Top Management Colleges in Ranchi 2024

Are you looking forward to pursuing an MBA from some of the best Ranchi MBA colleges? The best MBA colleges in Ranchi offer good facilities along with quality management education, making it a good option for students to pursue MBA. There are more than 19 private and government MBA colleges in Ranchi and most of them are approved by competent bodies like UGC, AICTE, NAAC etc. Some of the most premier MBA colleges in Ranchi are Birla Institute of Technology, IIM Ranchi, Sai Nath University, Central University of Jharkhand and The ICFAI University among others.

To apply for MBA colleges in Ranchi, candidates need to first meet the eligibility criteria prescribed by the desired college. It is crucial for students to complete at least a bachelor’s degree in any stream to pursue MBA from any institute. Candidates are mainly shortlisted for admission at top MBA colleges in Ranchi either based on a common entrance exam of MBA like XAT, CAT, CMAT, MAT etc. or based on performance in the entrance exam conducted by the institute itself. Keep reading to discover everything about MBA colleges in Ranchi.

Top MBA Colleges in Ranchi Highlights

Given below are the highlights of top MBA colleges in Ranchi:

Total Number of Colleges	19+
Types of Colleges	Private & Government
Colleges Approved by	AICTE (All India Institute of Technical Education) UGC (University Grants Commission) NAAC (National Assessment and Accreditation Council)
Admissions Through	Mainly through Entrance Exam
Fee Range (Annual)	INR 1,00,000 to INR 3,00,000
Hostel Facility	Yes (not all)

Top MBA Colleges in Ranchi Eligibility Criteria

To apply for admission in MBA Colleges in Ranchi, it is of utmost importance to meet the eligibility criteria prescribed by the colleges. Candidates are required to have a Bachelor’s degree in any stream from a recognised institution with a minimum aggregate of 50% marks in the last qualifying exam. Some of the colleges also provide a 5% relaxation to the reserved category candidates.

Top MBA Colleges in Ranchi Admission Process

The admission process at MBA colleges in Ranchi is different for different institutes. Most of the colleges accept the score obtained by the candidates in common management entrance exams like CAT, MAT, XAT, CMAT etc. Some of the educational institutes also conduct their own entrance exams to shortlist deserving candidates.

A few MBA colleges in Ranchi also organise a personal interview and group discussion round after an entrance exam to select students for MBA admission.

Also Read:

Group Discussion (GD) Topics for MBA Admissions	Common Mistakes in MBA Interview and How to Avoid Them
Extempore Speech in MBA Admissions: Topics, Tips	How to Prepare for your Business School Interview

Top MBA Colleges in Ranchi Ranking

Before considering MBA colleges for admission, candidates often look at the background, awards and ranking of the institute. It provided them with an idea about the quality of education offered at the college. There are numerous reliable bodies like NIRF, Outlook India, Times BSchool etc. that release a list of top MBA colleges in India every year. Provided below is a glimpse at the ranking of top MBA colleges in Ranchi.

Top MBA Colleges in Ranchi NIRF Ranking 2021

Check out the top MBA colleges in Ranchi along with their NIRF Rank below:

College Name	NIRF 2021 Rank for Management Colleges	NIRF 2020 Rank for Management Colleges	Difference
Indian Institute of Management Ranchi	21	20	-1
Birla Institute of Technology	70	58	-12

Top MBA Colleges in Ranchi Times BSchool Ranking 2021

MBA Colleges in Ranchi	Times BSchool Ranking 2021
Xavier Institute of Social Service	38

List of Top Government MBA Colleges in Ranchi with Fee

Provided below is a list of top government MBA colleges in Ranchi along with their course fee:

College Name	Course Fee (Annual)
BAU - Birsa Agricultural University	INR 14,300
Birla Institute of Technology	INR 2,93,000
IIM Ranchi	INR 6,98,000
CUJ - Central University of Jharkhand	INR 14,320

List of Top Private MBA Colleges in Ranchi with Fee

Here is a list of top private MBA colleges in Ranchi with their course fee:

College Name	Course Fee (Annual)
SNU - Sai Nath University	INR 54,000
Nilai Group of Institutions	INR 67,000
ISM - Institute of Science and Management	INR 53,600
Jharkhand Rai University	INR 70,000
ICFAI University	INR 1,32,000

ROI of Top MBA Colleges in Ranchi

Check out the Return on investment or ROI of top MBA colleges in Ranchi below:

College Name	ROI Rank*	Average Salary Offered (Annual)	Average Course Fee (Annual)
Ranchi University	1	INR 3,50,000	INR 2,850
BIT Mesra	2	INR 9,11,000	INR 2,76,000
IIM Ranchi	3	INR 15,02,000	INR 6,98,000

*ROI % = {(Average Placement Package)/ (Average Annual Fee)} x 100

The graph given below depicts the ROI of MBA colleges in Ranchi:

ROI MBA Ranchi

Opportunities for MBA Placements in Ranchi

After completing MBA from Ranchi, an individual can find numerous opportunities in the private as well as the public sectors. Most of the institutes invite top recruiters from across the world and organise campus placements. The placement package may start from INR 3,00,000 and go up till INR 15,00,000.

Check out the numerous job profiles that candidates can consider for employment after completing MBA from top colleges in Ranchi:

Business Development Manager	Financial Analyst
Sales Manager	Business Analyst
Management Consultant	Human Resource Manager
Account Manager	Regional Sales Manager

Also Read:

Top 10 Highest Paying Jobs in the Field of Management in India	Job Opportunities after MBA in India – Career, Scope and Salary

MBA Colleges in Ranchi with Fee Structure

Here is the list of top MBA colleges in Ranchi along with their annual course fee for MBA:

College Name	MBA Course Fee (Annual)
Ranchi University (RU)	INR 2,850
SNU - Sai Nath University	INR 54,000
IIM Ranchi	INR 6,98,000
BIT Mesra	INR 2,76,000
ISM - Institute of Science and Management	INR 53,600
The ICFAI University	INR 1,32,000
Jharkhand Rai University (JRU)	INR 70,000
CUJ - Central University of Jharkhand	INR 14,320

Compare the fees at top MBA colleges in Ranchi through the graph given below:

FEE MBA Ranchi

Top MBA Colleges in Ranchi with Placement

Here is the list of top MBA colleges in Ranchi along with the average annual salary offered at the institute:

MBA Colleges	Average Annual Salary
Ranchi University	INR 3,50,000
BIT Mesra	INR 10,40,000
IIM Ranchi	INR 14,69,000
Amity University	INR 4,50,000
Xavier Institute of Social Service	INR 5,00,000

Top MBA Colleges in Ranchi Accepting MBA Entrance Exam Scores

Most of the top MBA colleges in Ranchi accept the MBA entrance exams like MAT, CAT, CMAT, XAT etc. to shortlist students. Here are a number of colleges that accept MBA entrance exams for admission at top MBA colleges in Ranchi:

Exam Name	Exam Accepting Colleges in Ranchi
MAT	1+
CAT	5+
XAT	3+
CMAT	5+
ATMA	1+

Also Read:

MBA colleges in Ranchi accepting CAT scores	MBA colleges in Ranchi accepting MAT scores
MBA colleges in Ranchi accepting XAT scores	MBA colleges in Ranchi accepting CMAT scores

MBA Specialisations Offered in Ranchi

Business Administration	Marketing	Finance
Aviation Management	Human Resource Management	General Management
Entrepreneurship and Family Business	Start-up Management	International Business
Logistics and Supply Chain Management	Hospital Management	Business Analytics
Healthcare Management	Executive MBA	Retail Management
Digital Marketing	Tourism Management	Operations Management
Banking and Insurance	Business Management	Banking and Insurance
Global Management	Information Technology	Information System Management
Project Management	Advertising Management	Airline and Airport Management
Rural Management	Accounting	Export Management