List of Management Colleges in Bihar: Comprehensive List with Fees and Best Colleges.
List of Management Colleges in Bihar: Comprehensive List with Fees and Details
List of Management Colleges in Bihar, a state in Eastern India, has seen a significant transformation in its education sector over the past few decades. The demand for quality education, particularly in management, has increased manifold, leading to the establishment of both government and private management colleges across the state. These institutions offer a range of programs like MBA (Master of Business Administration), PGDM (Post Graduate Diploma in Management), and various specialized management courses. In this article, we will take a detailed look at some of the top management colleges in Bihar, including government and private options, along with their fees and other important details.
Government And Private Management Colleges in Bihar
College Name
Type
Courses Offered
Admission Process
Fees (Approx.)
Location
Indian Institute of Management (IIM), Bodh Gaya
Government
MBA (Master of Business Administration)
CAT score, followed by PI & WAT
INR 16.5 lakhs (Total)
Bodh Gaya
Magadh University, Bodh Gaya
Government
MBA (Master of Business Administration)
MU-CAT Entrance Test, followed by PI
INR 40,000 to INR 60,000/year
Bodh Gaya
Patna University, Patna
Government
MBA (Master of Business Administration)
Patna University Entrance Test (PUCET)
INR 25,000 to INR 40,000/year
Patna
National Institute of Technology (NIT), Patna
Government
MBA (Master of Business Administration)
CAT score, followed by GD-PI
INR 2.5 to 3 lakhs/year
Patna
Patna Business School (PBS)
Private
MBA (Master of Business Administration), PGDM
CAT/MAT/XAT score or PBS Entrance Test, followed by PI
INR 3 to 4 lakhs (Total)
Patna
Lalit Narayan Mithila University (LNMU), Darbhanga
Government
MBA (Master of Business Administration)
LNMU Entrance Test
INR 25,000 to INR 40,000/year
Darbhanga
Aryabhatta Knowledge University (AKU), Patna
Private
MBA (Master of Business Administration)
CAT/MAT scores, followed by Entrance Test and PI
INR 50,000 to INR 75,000/year
Patna
Bihar Institute of Business Management (BIBM)
Private
MBA (Master of Business Administration)
BIBM Entrance Exam, followed by Interview
INR 2.5 to 3 lakhs (Total)
Patna
Nalanda Business School (NBS)
Private
MBA (Master of Business Administration), PGDM
CAT/MAT scores, followed by GD-PI
INR 2.5 to 3.5 lakhs (Total)
Patna
Accreditation and Recognition
AICTE/UGC Accreditation: Ensure the college is approved by the All India Council for Technical Education (AICTE) and/or recognized by the University Grants Commission (UGC). These accreditations ensure that the institution maintains high academic and professional standards.
NBA Accreditation: Some colleges may also have National Board of Accreditation (NBA) for their programs, especially those offering specialized courses.
2. Courses Offered
Most management colleges in Bihar offer MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) programs. Some colleges might also offer specialized programs such as Executive MBA, Part-time MBA, or PGDM in various streams like Marketing, Finance, Operations, HR, etc.
Verify if the courses are tailored to industry demands and if the curriculum is updated regularly to stay relevant to the current business environment.
3. Admission Process
Entrance Exams: Most colleges in Bihar accept scores from national level exams like CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier’s Aptitude Test), and GMAT (Graduate Management Admission Test). Some colleges may also have their own entrance tests.
Shortlisting & Personal Interviews (PI): After the entrance exam, many colleges shortlist candidates for Personal Interviews (PI) or Written Ability Test (WAT). These tests assess the candidates’ communication skills, analytical thinking, and overall personality.
Eligibility Criteria: Typically, candidates need a Bachelor’s degree (minimum 50% marks for general category and 45% for reserved categories). Some colleges may also require work experience for executive programs.
4. Fee Structure
The fee structure can vary widely across government and private institutions.
Government Colleges: Fees are generally lower, with MBA programs ranging from INR 25,000 to INR 1 lakh per year.
Private Colleges: Private management colleges usually have higher fees, with costs ranging from INR 2.5 lakhs to INR 16 lakhs for the entire course.
It’s also important to check for scholarships, financial aid, and loan facilities that the colleges may offer.
5. Infrastructure and Facilities
Look for colleges that provide modern infrastructure, such as:
Wi-Fi-enabled campuses
Libraries with management-related resources
Computer labs and multimedia facilities
Hostel facilities (if you are moving to the city from another place)
Sports and recreational facilities
Conference rooms and seminar halls for guest lectures and industry interactions
A campus with industry interaction opportunities is crucial as it allows students to gain practical exposure.
6. Industry Linkages and Placements
Internship and Industry Exposure: Management colleges with strong corporate ties provide students with real-time internships and exposure to industry practices.
Placements: Check the college’s placement track record. Look for colleges with a good placement cell that offers support for internships and final placements. The average package and top recruiters associated with the college are good indicators of its placement performance.
Some top recruiters may include banks, consulting firms, IT companies, FMCGs, and manufacturing companies.
7. Faculty and Teaching Pedagogy
The quality of education depends largely on the faculty members. Ensure that the college has qualified professors with industry experience and research contributions.
Guest lectures, seminars, and workshops by industry experts are essential for adding real-world perspectives to the academic curriculum.
8. Location
The location of the college is important for various reasons:
Proximity to corporate hubs and industries for internships and placements.
Access to a strong alumni network.
Cultural exposure and exposure to business activities.
Patna, being the capital city of Bihar, has a larger number of management institutions, along with better connectivity to major business centers.
9. Alumni Network
A strong alumni network can play a significant role in the career growth of a student. Colleges with a strong alumni base offer better networking opportunities, career guidance, and job prospects post-graduation.
10. Global Exposure
Some colleges offer international exchange programs or tie-ups with foreign universities for global exposure. This can be an important factor if you are looking for global career opportunities or exposure to international business practices.
11. Student Clubs and Activities
Management colleges often have student-run clubs focused on leadership, entrepreneurship, finance, marketing, HR, and other areas of management. Participating in these clubs helps students develop soft skills, leadership abilities, and networking skills.
Events like business conferences, case study competitions, and management fests offer students opportunities to showcase their talents.
12. Accreditation by International Bodies
International accreditations like AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of MBAs), and EQUIS (European Quality Improvement System) can significantly enhance the global credibility of a management college.
Conclusion
Bihar, with its increasing emphasis on higher education and professional courses, has a growing number of management institutions. The state offers both government and private management colleges, each providing unique strengths in terms of curriculum, infrastructure, and industry exposure. Students aspiring to pursue a career in management can choose from a range of options depending on their budget, preferences, and eligibility criteria.
Important Factors to Consider:
Accreditation: It’s crucial to check if the institution is recognized by bodies like AICTE (All India Council for Technical Education) or UGC (University Grants Commission).
Industry Linkages: Look for institutes with strong corporate tie-ups, internship opportunities, and placement records.
Fee Structure: Management education can be costly, but the return on investment is often high. Consider the cost of the course, and ensure it aligns with your budget.