Latest Updates at IIM Ranchi: On July 31, 2023, admissions offer for the IIM Ranchi IPM batch 2023–28 is anticipated. The deadline for applications to the IIM Ranchi Executive MBA 2023–25 programme in Hyderabad has been extended till August 1, 2023. The CAT 2023 exam is set for November 26, 2023, and registration will begin on August 2, 2023. The cost to register for CAT 2023 has gone up for all categories. The cost for SC, ST, and PwD candidates has increased from last year’s level of 1150 to 1200. 399 students were placed at the conclusion of the IIM Ranchi Placements 2023. IIM Ranchi’s highest salary was INR 67 LPA, while its average salary was IIM Ranchi stood at INR 17.3 LPA.
About IIM Ranchi:
IIM Ranchi believes in the holistic development of its students. We impart value oriented education that stresses humility, honesty and hard work. We also try to instill social sensitivity in the minds of the students. Our curriculum offers courses on Indian culture, inner development and a compulsory yearlong social project with a local NGO. Consequently our students are well-rounded and have a high level of maturity to deal with the present day business problems.
IIM Ranchi Highlights:
With assistance from the Indian Institute of Management Calcutta and the Government of Jharkhand and operating under the direction of the Ministry of Education, Government of India, the Indian Institute of Management Ranchi was founded in 2009. According to NIRF 2023, the institute is placed 24th in the Management category. In addition to more than ten courses, IIM Ranchi offers the following degrees: MBA, PhD, Executive PhD, Post-Doctoral Fellowship in Management, Emeritus Fellowship in Management, EXECUTIVE MBA, CPGM, MDP, CPBABI, FDP, EPBABI, and IPM. The following are a some of IIM Ranchi’s highlights:
Particulars
Statistics
Year of Establishment
2009
Campus Size
60 acres
Students Intake
185 (MBA)
MBA Fees
INR 17,50,000 LPA
NIRF Ranking 2023
24
Number of Courses
15
Total Faculty
62
Highest Package (2023)
INR 67 LPA (International)
Top Recruiting Sector
BFSI and IT / ITES
No. of courses
10+
No. of international partnerships
12
Top Recruiters
Deloitte, Aditya Birla Group, Infosys
IIM Ranchi Important Dates 2024:
Following are the important dates of significant exams of IIM Ranchi -
Post - Doctoral Fellowship in Management / Phd / Executive PhD
Last date for Application
March 20, 2023
Shortlist for Interview
To be announced
Seminar and Interview Process
April/ May 2023
Admission Offer
End of May 2023
IIM Ranchi Courses:
Around 15 different management-related courses are available at IIM Ranchi. Below are the specifics for the main courses IIM Ranchi offers:
Courses
Program Details
MBA/ MBA-HR/ MBA-BA
Intake: 185 (MBA)
Eligibility: Bachelor’s degree with 60% marks
Selection Criteria: CAT + Personal Interview
EMBA
Eligibility: Bachelor’s degree + 5 years of Work Experience.
Selection Criteria: Interview
IPM
Eligibility: 10+2 with 60% marks
Selection Criteria: IPMAT + Personal Interview
IIM Ranchi Fees:
IIM Ranchi’s MBA fee is INR 17.2 Lakhs, which is less expensive than that of other IIMs and the nation’s best business schools -
Courses
Fees
MBA/ MBA-HR/ MBA-BA
INR 17,50,000 (2-years)
EMBA
INR 12,50,000 (2-years)
IPM
INR 16,00,000 (for first 3 years)
Certificate Programme in General Management
INR 3,00,000
Executive PhD
INR 6,50,000
During 2023 to 2028, a total of 120 seats would be available at IIM Ranchi . Reservations are accepted for these seats. The program’s first three years will cost 14 lakh rupees in tuition. The last two years’ fees will also be equal to the MBA fee charged for that year.
The cut-off for IIM Ranchi is the overall 92 percentile and the sectional 70 percentile. The only factor used by IIM Ranchi to choose the PI candidates was CAT performance. The following list includes the CAT cut-offs for all categories at IIM Ranchi:
Category
Overall
QA
DILR
VARC
General
92
70
70
70
EWS
70
40
40
40
NC-OBC
74
45
45
45
SC
54
35
35
35
ST
40
32.5
32
25
DAP
40
32.5
32
25
The following table represents the Category wise minimum cutoff at which final offers were made to the 2022-24 batch:
The IIM Ranchi placements for 2023 are over, and 399 students have received job offers from 124 employers. The maximum package available at IIM Ranchi was INR 67 LPA. The sector of BFSI received the most offers.
Particulars
Placement Statistics 2023
Number of Recruiters
124
Highest CTC
INR 67 LPA
Average CTC
INR 17.3 LPA
Median CTC
INR 16.5 LPA
Top Recruiting Sector
BFSI (17.7% offers)
The table below lists the placement packages offered by IIM Ranchi during the past three years:
Following are the placement statistics of IIM Ranchi recruitment process -
Recruitment (Sector)
CTC Range
BFSI
INR 13 - 28 LPA
Consulting
INR 11 - 42 LPA
FMCG
INR 16 - 20 LPA
Automobile
INR 10.5 - 18 LPA
IT
INR 11 - 32 LPA
General Management
INR 13 - 67 LPA
Others
INR 12 - 21 LPA
IIM Ranchi Student Exchange Partner Universities:
Following is the list of universities that are a part of IIM Ranchi Student exchange programmes -
National Chengchi University, College of Commerce, Taiwan
Purdue University, USA
Tur?ba University, Latvia
Ural Federal University, Russia
Woosong University, South Korea
Alba Graduate Business School, Greece
The American Business School of Paris
Asian Institute of Technology, Thailand
Audencia Nantes School of Management, France
Chittagong Independent University, Bangladesh
EMLYON Business School, France
University of Vaasa, Finland
Athens University of Economics and Business, Greece
IIM Ranchi Scholarships:
The Indian Government offers a number of scholarship program through its various ministries and groups for the benefit of students. The National Scholarship Portal of the Government of India has a list of all national-level awards. This webpage is where prospective students can submit their scholarship applications.
PhD candidates receive total financial and other support from IIM Ranchi:
Four years’ worth of financial assistance with the potential for an extension with the committee’s consent.
For the duration of the program, there are no tuition costs. Both single and married, bachelor students are welcome to stay for free on campus. Accommodations for married people may include things like availability.
Students who are married and wish to rent a two-bedroom flat will be required to pay half the rent. All extra expenses, including those related to power, water, and housekeeping, will be the responsibility of the students.
For the first two years, a stipend of Rs. 30000 a month is provided. The monthly stipend will increase to Rs. 35000 per month for the duration of the programme after passing the comprehensive exams at the conclusion of the second year.
Resources, stationery, printers, pen drives, electronic equipment, internal/external hard discs, and other products can be purchased with a contingency grant of Rs. 100000. With Rs. 50,000, a computer, software, and other accessories will be bought for the first or second year.
For presenting papers at four national and one international conference within the first four years, financial assistance and a conference grant are provided.
IIM Ranchi Scholarships List -
- Pre Matric Scholarships Scheme for Minorities - Merit Cum Means Scholarship For Professional and Technical Courses CS - Prime Minister’s Scholarship Scheme For RPF/RPSF
IIM Ranchi Campus Life:
The state capital of Jharkhand, Ranchi, is encircled by hills, valleys, and waterfalls. It is a well-liked tourist attraction due to its temperate environment and unique historical elements. Let’s take a closer look at campus life at IIM Ranchi -
Students can stay in hostels at the Residences Buildings of the Sports Village, commonly known as Khelgaon, which is located outside of Ranchi.
The residential accommodations at IIM Ranchi are on par with the best in the world. Boys and girls have their own blocks. One of the few colleges in the nation having a wireless Wi-Fi campus is IIM Ranchi.
The apartment block includes three- and four-bedroom flats with five-star amenities and is completely furnished. Each block has a mess and a cafe that are open for roughly 20 hours every day. Additionally, there is a pharmacy.
Each flat features a living room, a kitchen and three or four bedrooms. Each single-occupancy apartment has a room with an intercom, a voice and data port for the phone, a campus LAN, and an Internet connection. Additionally provided are housekeeping services.
Students congregate in the common room to host unofficial gatherings. Two indoor game rooms, a fully furnished music room, and a workout area are available. A VIP security system has been installed by the institute.
For students at the dormitory, a computer center with a 25 person capacity just opened. The residential section of the nearby sports hamlet Khel Gaon is where IIM Ranchi’s student block is located.
IIM Ranchi Ranking
According to NIRF 2023, IIM Ranchi is one of India’s top management schools, coming in at number 24. The various IIM Ranchi rankings are shown in the table below:
Ranking Body
Year
Category
Rank
NIRF
2023
Management
24
IIRF
2023
Best Govt. B-School
19
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Indian Institute of Management (IIM), Ranchi Courses and Fees
Indian Institute of Management (IIM), Ranchi
Admission
Latest updates at IIM Ranchi Admission: The deadline for CAT applications is 13th September. In order to submit an online application, applicants must go to the official website, iimcat.ac.in. On November 26, CAT 2023 will be administered. SAT scores are no longer accepted by IIM Ranchi for admission to the IPM 2023–28 batch. For the IPM batch of 2023–28 and moving forward, only IPMAT scores will be taken into account. Registrations will open for the CAT exam 2023 in the first week of August.
About IIM Ranchi Admission:
Admissions to the Indian Institute of Management (IIM) Ranchi for 2023 are currently in session. Candidates must take the CAT (Common Admission Test), followed by a PI (Personal Interview) round, in order to be considered for admission to IIM Ranchi’s flagship programme, the MBA in General Management. IIM Ranchi is well known for its IPM (Integrated Programme in Management), an integrated 5-year programme that combines BBA and MBA in addition to its MBA in General Management. Students who have completed Class 12 may apply to the IPM by taking the IPMAT test. In addition, the institute offers PhD and EMBA programmes, with admission based on performance in individual interviews and scores on national entrance tests, respectively.
Admission to PGDM and PGDHRM course is on the basis of CAT score, Written Ability Test, and Personal Interview.
Admission to FPM and EFPM is on the basis of CAT, GMAT, GRE, GATE or JRF (CSIR/UGC) score, academic performance, work experience, and letter of recommendation.
IIM Ranchi shortlist and admission criteria 2023-25 for MBA batch includes CAT 2022 score of not less than 93 percentile under IIM CAP.
Q-2
Is IIM Ranchi good for MBA?
The placement of IIM Ranchi is excellent the highest salary package was around 30 LPA and the lowest was 12 LPA. The internship opportunities that we are offered at IIM Ranchi are best in giving us the best practical learning to implement our learnings in future.
Q-3
What is IIM Ranchi famous for?
IIM Ranchi is known for its flagship MBA program, which offers admission through CAT. IIM Ranchi cut-off is 92 percentile (overall).
Q-4
Is IIM Ranchi Tier 2?
Second generation IIMs are considered to be Tier-2 institutes, although for colleges such as IIM Ranchi, Udaipur and Trichy, there is a dispute because they are considered by some to be Tier-1 institutes based on placement figures and other factors.
Q-5
What is the rank of IIM Ranchi?
The overall ranking achieved by IIM Ranchi in NIRF Surveys 2023 is 22nd while it is 19th in IIRF 2023.
Q-6
How is IIM Ranchi?
The placement of IIM Ranchi is excellent the highest salary package was around 30 LPA and the lowest was 12 LPA.
Q-7
How to get into IIM Ranchi?
IIM Ranchi admission process includes two phases. The first phase is shortlisting of candidates on the basis of CAT score for Personal Interview (PI).
Q-8
How is IIM Ranchi campus?
The IIM Ranchi Campus is very good even though they do not have a permanent campus of their own.
Scholarship
Scholarship for Eligible Students
Scholarships are offered by various Departments and Ministries of Government of India for the benefit of students.
The library of this institute is known as ``Athenaeum – The Learning Resource Center’’. It has a good collection of books, databases, journals, reports, CDs/DVDs, e-journals etc.
There are separate blocks for boys and girls. The institute has fully furnished three and four bedroom shared flats. Each block has a mess and canteen facility.