MBA Colleges in Bihar

Bihar is a state in Eastern India and the second-largest state in India in terms of population.  Bihar is the fourth-largest producer of vegetables and the eighth-largest producer of fruits in India, with about 80% of the State’s population employed in the agriculture sector.

Prospects of Management  Graduates in Bihar:

The Bihar Government has poised for development in the following sectors:

1. Food and Beverages
2. Transport Equipment
3. Rubber and Plastics
4. Chemicals
5. Tobacco
6. Textiles
7. Leather
8. Dairy

Further, the Government of Bihar initiated various steps for the development of other sectors like Education and Tourism by providing centers for Information Technology and Renewable Energy Projects.

These platforms provide the students with access to cutting-edge technology, world-class infrastructure, high-quality mentorship, early risk capital, and global exposure.  Such an initiative of the Government of Bihar is expected to provide high-end jobs to Management Graduates in the next decade.

Many MBA Colleges/Business Schools/Institutes have emerged in Bihar to cater to the growing demands of professional Managers in the field of Business/Management. This led to a confusing state for students to decide on which MBA/’B’ School/Institute to pursue Management Programmes in Bihar.

This article is intended to keep well-informed of the updated data with respect to Top MBA Colleges in Bihar to enable prospective candidates to decide without ambiguity.

Top MBA/Business Schools/Institutes in BIHAR State as per Rankings:

To meet the current demand, many MBA Colleges/Institutes have been set up in BIHAR, and as such the importance of Top MBA Institutes has emerged for eligible students to decide the best college for pursuing a bachelor’s degree in management in BIHAR.

This article is intended to keep abreast of the information with respect to Top MBA Colleges in BIHAR to enable the prospective candidates to decide without any ambiguity.

Rankings of Management Colleges/Institutes are vital for the aspirants to understand which College is doing the best in terms of imparting education and suitable training in all respects.  So, these rankings help students to take a lead to find Top MBA Colleges in BIHAR State. There are several Agencies that award rankings to MBA Colleges in India every year. NIRF (National Institutional Ranking Framework), a popular Agency approved by the MHRD (Ministry of Human Resource Development) to rank institutions of higher education in India based on 5 (five) Parameters – Teaching, Learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity, and perception.  Hence, rankings awarded by NIRF assume importance for the top MBA Colleges in BIHAR to make a choice. The following table provides the same.

Top MBA Colleges/Business Schools/Institutes In Bihar State Based On All India Rankings  2022 Awarded By NIRF

Top MBA Colleges In Bihar Based On All India Rankings Awarded By Times Survey 2022
Times Engineering Survey 2022, an Optimal Media Solutions partnered with Avance India conducted M.B.A Institutes 2022 Survey and determined the Top MBA Institutes in India, based on the following Parameters/Modules:

Module 1:  Desk Research

Module 2:  Perceptional Survey

Module 3:  Factual Survey

Module 4:  Analysis

The following table provides the rankings of the Top MBA colleges in BIHAR State based on the All India Times Engineering Survey 2022.

Top Public/Private MBA  Schools/Institutes in BIHAR based on popularity:

In the following table, a list of top MBA Government (Public) and Private Schools/Institutes in BIHAR is depicted:

Eligibility Criteria and Process of admission in top MBA Colleges /Business Schools in BIHAR :

• A citizen of India
• Must have passed a bachelor’s degree of 3 years from a recognized university/college.
• 50% minimum marks (45% for reserved categories) in their qualifying examination.
• Candidates who are in the final year of their graduation can also apply provided the necessary proof is submitted as required. Group Discussion and Personal Interviews are necessary in the case of many top MBA Colleges in BIHAR.

Following are the Common Entrance Tests considered by top MBA Institutes in BIHAR for admission to a 2-year postgraduate degree in Master of Business Administration (MBA). 

National Common Entrance Examinations which are considered by top MBA Colleges in BIHAR state are:

• Common Admission Test (CAT)

CAT is the mandatory computer-based Common Admission Test for admission to MBA/PGDM programs in 20 Indian Institutes of Management (IIMs) and other top MBA colleges in India. It is the largest national-level MBA entrance test in India.

• Common Management Admission Test (CMAT):

CMAT is a National Level Entrance Examination for admission to Management Programme(s) in the country which is considered by top MBA Institutes in BIHAR.

• Management Aptitude Test (MAT)

This is a standard aptitude test conducted in India since 1998 by the All-India Management Association (AIMA). MAT is used for admission to MBA and allied programs by over 600 business schools across India including top MBA Colleges in BIHAR.

• AIMS Test for Management Admissions (ATMA)

AIMS Test for Management Admissions or ATMA is a national-level exam conducted by the Association of Indian Management Schools (AIMS) for admission to MBA, PGDM, MCA, and PGDBA courses.

• Graduate Management Admission Test (GMAT)

GMAT is the first and only standardized exam specifically designed for admission to graduate business and management programs. It sets the standard to predict the academic performance of aspiring candidates in today's graduate management programs.  Top MBA Schools/Institutes trust this examination for admission to an MBA degree.

• Xavier Aptitude Test (XAT)

XAT is an online CBT (computer-based) management entrance exam for admission to MBA/PGDM courses offered by XLRI Jamshedpur, XIMB Bhubaneswar, SPJIMR Mumbai, IMT Ghaziabad, etc along with other 156 management institutes in the country.

Fees Structure vis-à-vis ROI of Top MBA Colleges in BIHAR state:

Return on Investment (ROI) is a popular profitability metric used to evaluate how well an investment has performed.  In the undermentioned table, we have also added another column to show “returns” through the average annual pay package a student/aspirant is expected to get through placements (campus or directly with experience) from top IT and other Multinational companies in India, against the fees he/she payable to the top MBA Colleges in Bihar.     

Top MBA Colleges In Bihar Fees Structure Vis-à-vis ROI (Return On Investments)

ROI (Return on investment) referred to above is the annual salary package in CTC

The fee mentioned may vary depending on the specialization to be chosen.

Top trending Specialisations offered in Top MBA Colleges in BIHAR State:

Given below are the details of top trending specializations that are offered in various MBA programs in various Business Schools/Institutes in BIHAR State:

• Finance

This specialization/Branch in MBA in the field of Finance includes various facets like investments, portfolio management, derivative securities, capital markets, corporate finance, international finance, financial institutions behavior, Advertising, etc.,

• Operations and Production Management:

This offers advanced knowledge on various facets of business practices, auditing, and tax laws, and exposes the candidates to organizational efficiency, business valuations, and management of innovations.

• Marketing Management

This is one of the most opted and topmost specializations of MBA, which focuses on advanced concepts of Marketing viz., Digital Marketing, Consumer behaviour, Advertising etc.,

• Business Analytics

This is also one of the most popular MBA specializations which deal with Core business Fundamentals and gets training to consider business from a data-driven perspective.  It has multi-faceted exposure to various fields in business analytics like Artificial Intelligence & Deep Learning, Multivariate Data Analysis, Business Analytics and Intelligence, business Forecasting, Social Entrepreneurship, and Marketing Analytics.

• IT Management

This subject broadly enables the candidates to improve the skills needed to manage both IT systems and employees, in-depth business knowledge, information security, telecommunications, and IT project management.

• Human Resource Management

This specialization deals with recruitment, and management offers training and empowers knowledge in managing the workforce of an organization with appropriate direction and guidance.

• Supply Chain Management

This enables the candidates to get exposure to Company Resource Planning, Global Trade, Inventory Management, Retail, Risk Management, Sales and Operations Planning, Sourcing and Procurement, and supply chain optimization.

• Health Care Management

This has assumed importance in the recent past, with various Corporate Hospitals and Multinational pharmaceutical companies looking for MBA candidates having this specialization.  This course includes subjects such as Principles of Health Service Management, Organization Behaviour, Materials and Equipment Management, Health Economics, and Strategic Human Resource Management. 

• International Business Management

This is one of the topmost MBA specializations, being unique and focuses on the subjects like Foreign Trade Finance and Forex Risk Management, Foreign Trade Policy, and Export Management and trains the candidates on various procedures and documentation involved in export and import, methods of approaching customers in foreign countries, currency conversation & fluctuation, raising capital from the international market, and distribution market.

• Agriculture Business Management

This specialization has assumed importance in the recent past with the focus of successive Governments on the agriculture field. This top MBA specialization mainly focuses on the business areas of agricultural production and global trade.  This specialization also deals with Agriculture food policy, Agriculture Finance, Marketing, Strategic Food marketing, Management for Agribusiness Projects, Market Research, and Information systems, International Agri-food trade.

Top MBA Colleges/Institutes – Placements:

Students of the MBA Programme with specialization in Finance, Marketing, General Management, Business Analytics, and Entrepreneurship stand a fair chance of grabbing the highest salary package during campus placements.  By and large, specialization is chosen, College/Institute, Company, the experience of the candidate, and finally performance in the Written Test/PI are the major factors that are responsible for getting the highest annual package by the students from Top MBA Colleges in BIHAR.

During the placement drive in IIM, Bodhgaya, the highest domestic salary package of Rs.30.50 LPA (CTC) was offered, and the average package offered was Rs.10.57 LPA (CTC).  Average annual salary packages offered to students of top MBA Colleges range between Rs.4.25 LPA to Rs.10.0 LPA (CTC).

A list of top Recruiting Companies visiting Top MBA Colleges in BIHAR State is provided in the table hereunder: 

Know About - TOP MBA COLLEGES IN PUNJAB

Know About - TOP MBA COLLEGES IN UTTARAKHAND

Conclusion:

• Postgraduate Programme MBA/PGDM is a two-year professional degree, and many Techies/Graduates prefer to pursue this Programme to get a raise in their salary, enhance their employability, launch his/her own business, and emerge as a Leader holding much higher responsibility in their career.

• There are 40 MBA/ Business Schools/Institutes in BIHAR offering MBA/PGDM Programs, out of which 17 Government/Public and 23 Private Business Schools/Institutes

• Students aspiring to pursue MBA/PGDM in a top MBA College in BIHAR must obtain an appropriate rank/score in CAT/MAT or any other equivalent Common Entrance Test, besides holding an undergraduate degree with required marks.

• Students have a wide choice of specializations to choose from depending on their interest and need.