Content Curator | Updated on - Mar 31, 2026

The Master of Business Administration (MBA) in Finance at Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI), Patna is a two-year full-time postgraduate management programme with a specialised focus on corporate finance, investment analysis, financial markets, wealth management, and financial reporting. Affiliated to Aryabhatta Knowledge University (AKU), Patna, and approved by AICTE, the programme is offered by one of the oldest and most reputed government-owned management institutions in Bihar, established in 1973. With 60 seats, the MBA (Finance) programme prepares students for careers in banking, investment management, corporate finance, and financial consulting. The total fees are Rs. 3,10,000 for General/OBC candidates. Admission requires a valid score in CAT 2025, CMAT, or MAT (September 2025 onwards), followed by Group Discussion (GD) and Personal Interview (PI) conducted by the institute.

Admissions for the 2026-27 session are currently open. The online registration window opened on January 27, 2026, and the last date to apply is May 22, 2026. GD and PI rounds are scheduled from June 24 to June 29, 2026, and the academic session commences on August 3, 2026.

Key Points

The MBA (Finance) programme at LNMI Patna specialises in corporate finance, investment analysis, financial markets, wealth management, financial reporting, and analysis.
Admission is based on valid scores in CAT 2025, CMAT, or MAT (September 2025 onwards), followed by GD and PI rounds conducted by the institute.
The programme is offered by a government-owned autonomous institution under the Government of Bihar, making it one of the most affordable MBA (Finance) programmes in the region.
The institute is recognised under Sections 2(F) and 12(B) of the UGC Act, 1956, and approved by AICTE, Government of India.
The medium of instruction is English, with a pedagogy that includes case studies, group discussions, presentations, industrial visits, and executive interaction programmes.
The institute has a mandatory uniform policy and a minimum 75% attendance requirement for semester examinations.
LNMI has a strong alumni network of over 30,000 professionals placed in India and abroad across banking, FMCG, IT, retail, and consulting sectors.

Official Link:

Go To Website

Highlights
Fees
Admission
Scholarships
Placements
Ranking
FAQs

LNMI Patna Latest Updates and News

Key Updates2

Other Updates2

09 Feb, 2026 LNMI Patna MBA Finance Admission 2026 is ongoing. The last date to apply is May 22, 2026. Further, the Entrance exam will be held from June 16 to 21, 2026. Read more.

17 Jan, 2026 LNMI Patna MBA Finance Fee Structure 2026-27 has been released. The total academic fee is ₹ 3.15 Lakhs.

LNMI Patna Important Events

UG/PG/Integrated1

MBA2

LNMI MBA (Finance) Fees

The MBA (Finance) programme at LNMI Patna is one of the most affordable government-run MBA programmes in Bihar. The total tuition fee for General/OBC candidates is Rs. 2,65,000, with an additional development charge of Rs. 45,000, bringing the total programme fee to Rs. 3,10,000. SC/ST candidates benefit from a 50% reduction in tuition fees, paying Rs. 1,32,500 as tuition fee plus Rs. 45,000 as development charge, totalling Rs. 1,77,500. Fees are paid in three instalments spread across the two-year duration.

Fee Structure

Fee Component	General/OBC (Rs.)	SC/ST (Rs.)
Tuition Fee	2,65,000	1,32,500
Development Charge	45,000	45,000
Total Fees	3,10,000	1,77,500

Fees are paid in 3 instalments: 1st at the time of admission, 2nd before 1st Semester exam, and 3rd before 2nd Semester exam.
A one-time non-refundable miscellaneous and registration fee of Rs. 5,000 is charged separately at the time of admission.
Semester examination fee: Rs. 3,000 per semester for General/OBC and Rs. 1,500 per semester for SC/ST students.
Hostel facility is available on campus (Girls Hostel). Hostel rent is approximately Rs. 4,000 per month (excluding mess charges). Hostel caution money (one-time, refundable): Rs. 5,000. Hostel is not mandatory.
Application fee: Rs. 1,500 for General/OBC and Rs. 750 for SC/ST candidates.
Counselling fee for seat extension: Rs. 10,000 (non-refundable, adjusted against tuition fee if admission is confirmed).
Late payment fine: Rs. 500 for up to 5 days; Rs. 1,000 for up to 10 days beyond the due date.
AICTE norms are followed for fee refunds in case of admission cancellation.

LNMI MBA (Finance) Admission 2026

Admissions to the MBA (Finance) programme at LNMI Patna for the 2026-27 session are currently open. The process is merit-based and involves a valid national entrance exam score followed by GD and PI rounds conducted by the institute. Candidates with less than 30% composite score in MAT/CMAT/CAT are not eligible for admission. The academic session is scheduled to begin on August 3, 2026.

LNMI Patna MBA (Finance) Admission Schedule 2026-27

Event	Date
Online Application Start Date	January 27, 2026
Last Date of Online Registration	May 22, 2026
GD and PI Rounds (MBA, MBA-IB, MBA-HRD, MBA-Finance, MBA-LSCM)	June 24 to June 29, 2026
Commencement of Academic Session	August 3, 2026

Accepted Entrance Exam Dates

Exam	Registration End Date	Exam Date	Result Date
CAT 2025	September 20, 2025	November 30, 2025	December 24, 2025
CMAT 2026	November 24, 2025	January 25, 2026	February 13, 2026
MAT (Feb 2026 - PBT)	February 23, 2026	March 1, 2026	March 14, 2026
MAT (Feb 2026 - CBT)	March 2, 2026	March 8, 2026	March 18, 2026

Note: MAT scores from September 2025 onwards and CAT 2025 / CMAT 2026 scores are accepted for MBA (Finance) admission at LNMI Patna.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria:

Candidates must hold a recognised Bachelor's degree of minimum 3 years duration.
Minimum aggregate marks: 50% for General/OBC candidates and 45% for SC/ST/EBC/Divyang candidates in the qualifying examination.
A valid score in CAT 2025, CMAT, or MAT (September 2025 onwards) is mandatory.
Candidates appearing in their final year of graduation may also apply, subject to producing the passing certificate at the time of admission.

Admission Process:

Download the application form from the official website www.lnmipat.ac.in or collect it from the institute.
Submit the online application form along with the application fee of Rs. 1,500 (General/OBC) or Rs. 750 (SC/ST).
Submit valid CAT 2025 / CMAT / MAT score card along with the application.
Appear for Group Discussion (GD) and Personal Interview (PI) rounds conducted by the institute.
Final selection is based on composite score: entrance exam score (CAT/CMAT/MAT) weighted at 800 marks (score x 2), GD at 100 marks, and PI at 100 marks.
Selected candidates must complete document verification with original mark sheets, certificates, entrance exam score card, caste certificate (if applicable), proof of date of birth, and migration/character certificate.
Pay the first instalment of fees at the time of admission to confirm the seat.

LNMI MBA (Finance) Scholarships 2026

LNMI Patna, being a government-owned institution, offers significant fee concessions and facilitates access to multiple government scholarship schemes for eligible students. SC/ST candidates already benefit from a 50% reduction in tuition fees as a built-in institutional concession. Additionally, students can avail various Central and State Government scholarships, making the MBA (Finance) programme highly accessible to students from economically weaker sections.

Available Scholarships

Scholarship / Scheme	Eligibility	Benefit
Post-Matric Scholarship (SC/ST)	SC/ST students of Bihar	Fee reimbursement / financial assistance; facilitated through Bihar SC/ST Welfare Department
Post-Matric Scholarship (OBC/EBC)	OBC/EBC students of Bihar	Financial assistance through Dept. for Development of Backward and Extremely Backward Classes, Govt. of Bihar
Minority Scholarship	Minority community students	Financial assistance through Bihar State Minorities Financial Corporation Limited
Central Sector Scholarship (Top Class B-Schools)	SC students admitted to LNMI (listed among 88 top management institutions by Ministry of Social Justice and Empowerment)	Scholarship under the Central Sector Scheme for SC students in top B-schools
Bihar Student Credit Card (DRCC Loan)	All eligible students of Bihar	Interest-free education loan up to Rs. 4 lakh (subject to Government of Bihar policy)
Kanya Uthan Yojana	Girl students	Financial benefit provided through Government of Bihar
Merit-cum-Means Scholarship	Based on merit and financial need	Financial assistance; details as per government norms

E-scholarship facility is available for SC/ST, OBC, EBC, and Minority students through respective Bihar government departments.
Students must apply for scholarships through the official Bihar government scholarship portals within the prescribed deadlines.
The Book Bank Scheme provides free course books to SC/ST students every year, funded by the Welfare Department, Government of Bihar.
Scholarship amounts and deadlines are subject to annual revision by the respective government departments.

LNMI MBA (Finance) Placement 2026

LNMI Patna has a well-established Training and Placement Cell with a strong track record of placing MBA graduates in reputed organisations. The institute has consistently placed over 90% of its willing postgraduate management students. The 2023-24 batch recorded an average package of Rs. 6.4 LPA and a highest package of Rs. 14.5 LPA offered by Federal Bank. For the 2024-25 batch, the highest package rose to Rs. 16.4 LPA, also offered by Federal Bank. MBA (Finance) graduates are well-positioned for roles in banking, investment management, corporate finance, insurance, and financial consulting. Top finance recruiters from LNMI include Federal Bank, IDBI Bank, HDFC AMC, Kotak Securities, Nippon India MF, IndusInd Bank, Bandhan Bank, Ujjivan Finance, ICICI, and SBI General Insurance.

Placement Statistics

Placement Parameter	2023-24 Batch	2024-25 Batch
Placement Rate	More than 90%	More than 90%
Average Package	Rs. 6.4 LPA	Rs. 5.5 LPA
Highest Package	Rs. 14.5 LPA (Federal Bank)	Rs. 16.4 LPA (Federal Bank)

Top Recruiters: Federal Bank, IDBI Bank, HDFC AMC, Kotak Securities, Nippon India MF, IndusInd Bank, Bandhan Bank, Ujjivan Finance, ICICI, SBI General Insurance, ITC, Emami, Airtel, Birla Group, Reliance Digital, COMFED, Amul, HDFC Bank, Dabur, KPMG.

Course-specific placement data for MBA (Finance) is not separately published. The above figures reflect overall institute placement statistics.

LNMI Patna MBA Finance Ranking

IIRF Ranking

#72 out of 100 in Top Public Colleges in India 2025

Collegedunia Ranking

#111 out of 320 in India 2025

#7th in Bihar

Do you think the Rankings are wrong ? Report Here

LNMI MBA (Finance) FAQs

Ques. What is the focus of the MBA (Finance) programme at LNMI Patna?

Ans. The MBA (Finance) programme at LNMI Patna specialises in corporate finance, investment analysis, financial markets, wealth management, financial reporting, and analysis. It prepares students for careers in banking, investment management, corporate finance, insurance, and financial consulting. The curriculum covers both theoretical foundations and practical applications of financial management.

Ques. Which entrance exams are accepted for MBA (Finance) admission at LNMI Patna?

Ans. LNMI Patna accepts valid scores in CAT 2025, CMAT, and MAT (from September 2025 onwards) for MBA (Finance) admission. Candidates with less than 30% composite score in any of these exams are not eligible. After shortlisting, candidates must appear for Group Discussion (GD) and Personal Interview (PI) rounds conducted by the institute.

Ques. What is the difference between MBA (General) and MBA (Finance) at LNMI Patna?

Ans. The MBA (General) programme provides broad-based management education across all functional areas, while the MBA (Finance) programme offers a specialised curriculum focused on corporate finance, investment analysis, financial markets, and wealth management. Both programmes have the same fees, eligibility criteria, and admission process. The MBA (Finance) is better suited for students aspiring to build a career specifically in banking, investment management, or corporate finance.

Ques. What career opportunities are available after MBA (Finance) from LNMI Patna?

Ans. Graduates of the MBA (Finance) programme can pursue careers as financial analysts, investment bankers, portfolio managers, corporate finance managers, credit analysts, treasury managers, and financial consultants. Top finance recruiters from LNMI include Federal Bank, IDBI Bank, HDFC AMC, Kotak Securities, Nippon India MF, IndusInd Bank, Bandhan Bank, Ujjivan Finance, ICICI, and SBI General Insurance.

Ques. Is a background in Commerce or Mathematics required for MBA (Finance) at LNMI Patna?

Ans. No specific background in Commerce or Mathematics is required for MBA (Finance) admission at LNMI Patna. Any graduate with a minimum of 50% marks (45% for reserved categories) in any discipline is eligible to apply, provided they have a valid CAT/CMAT/MAT score. However, a background in Commerce, Economics, or Mathematics would be advantageous for the Finance specialisation.

Ques. Are NRI or foreign national seats available in the MBA (Finance) programme at LNMI Patna?

Ans. Yes. A few seats are reserved for NRI/PIO and foreign national candidates on a supernumerary basis in the MBA (Finance) programme, as per AICTE norms. Such candidates are required to appear for the GD and PI rounds conducted by the institute. The total fees for NRI/foreign national candidates are Rs. 3,69,000 (tuition fee Rs. 3,24,000 + development charge Rs. 45,000), payable in Indian currency.