IIM Ranchi

IIM-Ranchi was the ninth Indian Institute of Management which was established in 2010. IIM Ranchi was founded with significant support from the Indian Institute of Management in Calcutta and the Government of Jharkhand. A two-year MBA in General Management, a full-time two-year MBA in Human Resources Management, a government-funded fellowship programme called the Fellow Program in Management, and a 24-month part-time Diploma in Management are now provided at IIM Ranchi. In 2009, India’s HRD Ministry proposed and received approval for six new IIMs as part of the Five-Year Plan. Apart from teaching, the programmes are delivered to international standards, with students being exposed to industrial visits, case studies, relevant projects, and relevant industry experience.

In this Article,

In addition to inclusive classroom approaches, the programmes are delivered in a world-class manner, with students exposed to relevant business expertise. In the short time since its inception, IIM-Ranchi has quickly established itself as one of the top B-schools in India. The IIM-Ranchi offers an atmosphere that nurtures not just classroom learning but also growth and progress. The programmes are designed to prepare students to handle real-world difficulties, develop great leaders, and instil a desire for excellence in them. The university also attempts to combine the best of Eastern and Western teachings for the complete development of students. Continue reading to learn more about IIM-Ranchi’s programs, as well as the institution’s highlights and campus life.

IIM Ranchi Highlights

Features

IIM Ranchi

Institute Short Form

IIM-Rc

Official Website

https://www.iimranchi.ac.in/

Address

Indian Institute of Management Ranchi

Suchana Bhawan,

5th Floor, Audrey House Campus,

Meur’s Road, Ranchi – 834 008

Logo

Motto

“Bahumukhvikaso gantavya” – Working to bring change towards success, not only for one’s self, but also for the community.

Year of Establishment

2009

Programmes Offered at IIM Ranchi

IIM Ranchi provides a variety of programmes for both graduate students and those with professional experience. The following are the management programmes provided by IIM Ranchi.

Program Name

Accepted Entrance Exam

Program Duration

+

Fee

Eligibility Criteria

MBA

CAT

2 Years

+

15,80,000

  • A candidate must hold a Bachelor’s Degree, with at least 50% marks or equivalent CGPA [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and Differently Abled Person (DAP) category]

MBA-HR

CAT

2 Years

+

15,80,000

  • A candidate must hold a Bachelor’s Degree, with at least 50% marks or equivalent CGPA [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and Differently Abled Person (DAP) category]

MBA-Business Analytics

Not Prescribed

2 Years

+

16,30,000

  • Full-time undergraduate/post-graduate degree with a minimum of 60% marks

or

  • Equivalent CGPA in – engineering/technology/architecture /science with mathematics/statistics/operations/research/computer/science/physics/engineering physics/information technology/information science/computer application

IPM

SAT/IPMAT 2022

5 Years

+

INR 16 Lakh (First three years)

  • Candidates should have passed the 10th standard/Secondary/SSC Examination
  • 12th standard/Higher Secondary/HSC Examination (or equivalent) with 60% (55% for candidates from SC/ST/PwD) or more marks.

Certificate Program in General Management [CPGM]

Not Prescribed

15 Months

+

Rs 3,00,000

  • Bachelor’s degree [with a minimum of 3 years full-time study] from a recognised university in any discipline with a minimum of 50% aggregate marks
  • A minimum of 2 years of full-time work experience

Certificate Programme in Business Analytics

Not Prescribed

18 months + Rs 4,00,000 + GST

  • Full-time undergraduate/post-graduate degree with a minimum of 50% marks or equivalent CGPA in engineering/technology/science with mathematics/statistics/operations research/computer science/information technology as one subject/computer application
  • Any equivalent academic discipline considered to be appropriate as per the assessment of IIM Ranchi
  • Undergraduate/postgraduate degree with a minimum of 50% marks or equivalent CGPA in disciplines other than the above ones may also be considered, provided the candidate has a minimum of 2 years’ full-time work experience in analytics

PhD

GATE, GRE, CAT GMAT and NET-JRF (UGC/CSIR)

No Fee

  • Master’s degree or Post Graduate Diploma or its equivalent in any discipline with first class
  • B.Tech/4 years degree with 6.5 CGPA or equivalent or any professional qualification such as CA/ICWA/CS with a B.Com/degree with minimum 55% aggregate marks or equivalent grade point average.

Executive PhD

CAT/GATE/NET-JRF/ GMAT/GRE

5.5 Lakhs

  • Master’s degree or Post Graduate Diploma or its equivalent in any discipline with first class or B.Tech/4 years degree with 6.5 CGPA equivalent.
  • Any professional qualification such as CA/ ICWA/CS with a B.Com/ degree with minimum 55% aggregate marks or equivalent grade point average.
  • In addition, the candidate must have secured a minimum of 55% marks (or equivalent) in all their public examinations starting with the secondary level.

Post-Doctoral Fellowship in Management

Not Prescribed

  • Applicants must have a consistently good academic record and demonstrated research potential
  • Candidates with a PhD degree or who have submitted their thesis for a PhD degree can also apply. The thesis must be in appropriate discipline.
  • The age limit for applicants for the Post-Doctoral Fellowship will be a maximum of 40 years (this limit may be relaxed by 5 years for women and reserved category).
  • Selection will be based on demonstrated research skills and a fit with the research interests of resident faculty.

IIM Ranchi Student Exchange Partner Universities

  • 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
  • National Chengchi University, College of Commerce, Taiwan
  • Purdue University, USA
  • Turība University, Latvia
  • Ural Federal University, Russia
  • Woosong University, South Korea
  • University of Vaasa, Finland
  • Athens University of Economics and Business, Greece

IIM Ranchi Scholarships

Several scholarship plans are offered by various departments and organisations of the Indian Government for the welfare of students. All national level scholarships are listed on the Government of India’s National Scholarship Portal. Prospective students can go to this website to apply for scholarships.

IIM Ranchi provides complete financial and other support to PhD students

  • Four years of financial support, with the possibility of an extension if the committee approves.
  • The tuition fee is waived for the duration of the programme. On the campus, both bachelor and married, single students are welcome to stay for free. Married accommodations may provide factors such as availability.
  • If married students want to rent a two-bedroom apartment, they will be responsible for half of the rent. The students will be responsible for all additional costs, such as electricity, water, and housekeeping.
  • A monthly stipend of Rs. 30000 is offered for the first two years. After clearing the comprehensive exams at the end of the second year, the monthly stipend will be increased to Rs. 35000 per month for the remainder of the programme.
  • A contingency grant of Rs. 100000 is available for the purchase of resources, stationery, printers, pen drives, electronic devices, internal/external hard discs, and other items. A computer, software, and other accessories would be purchased for the first/second year with Rs. 50000.
  • In the first four years, financial support and a conference grant are offered for presenting papers at four national and one international conference.

IIM Ranchi Campus Life

Ranchi is the state capital of Jharkhand, and it is surrounded by waterfalls, hills, and lush green valleys. Because of its temperate environment and various historical features, it is a popular tourist destination. Ranchi thrived after India attained independence, and a number of industrial facilities were constructed in and around the city. Ranchi has become the commercial and economic hub of Jharkhand. Ranchi has transformed into a vibrant metropolis pulsing with the energy of its people, with one of the fastest GDP growth rates and job creation rates among growing Indian cities. Because of its mountainous environment, it has a pleasant climate all year. Ranchi is well-connected to other major cities like Mumbai and Bangalore. Let us further look into the Campus life inside IIM Ranchi.

  • The Residences Buildings of the Sports Village, also known as Khelgaon, on the outskirts of Ranchi, provide hostel accommodation to students. IIM Ranchi’s living facilities are on par with the world’s best facilities. There are separate blocks for girls and boys. IIM Ranchi is one of the few institutes in the country with a wireless Wi-Fi enabled campus.
  • The apartment complex consists of three and four-bedroom flats that are fully furnished, serviced, and equipped with five-star amenities. A mess and a cafe are located on each block and are open for around 20 hours each day. A medical dispensary is also available.
  • Each flat has three or four bedrooms, as well as a living room and a kitchen. The flats’ rooms are all single occupancy and equipped with an intercom, as well as data and voice ports for the telephone, campus LAN, and the Internet. Housekeeping services are also offered.
  • The common room serves as a gathering place for students to hold informal meetings. There are two indoor game rooms, a properly equipped music room, and a fitness room. The institute has installed a VIP security system.
  • Recently a computer centre facility with 25 user capacity was opened for students at the hostel. The Student Block of IIM Ranchi is situated at the residential block of the sports village Khel Gaon which is located on the outskirts of Ranchi. The cool, calm and pleasant weather, lots of greenery and being away from the noise and pollution of the city provide a serene ambience, making it ideal for student life.
  • A pharmacy with a staff doctor is also available 24 hours a day to meet any medical needs. Aside from that, the hostel has ties with a few hospitals to assist students in the event of serious illness.
  • A newly launched cafeteria near the student living area serves a variety of meals from north and south India, as well as Punjabi cuisine.
  • “Athenaeum – The Learning Resource Centre” is the name of the library at IIM Ranchi. The library is committed to providing creative, responsive, and effective services to suit the evolving demands of the students. 17,000 + e-journals, 3,528 books, 324 CD/DVDs, 42 print periodicals & newspapers, 39 e-resources, 43,00,000 + e-books, and 17,00,000 + e-dissertations are among the library’s holdings.
  • Using the remote support service, the library enables on-campus and off-campus access to subscribed electronic information resources.

Round-the-clock access to network resources is made possible by a mix of Wi-Fi and wired LAN. The National Knowledge Network (NKN), a cutting-edge pan-India network run by the National Informatics Centre, has accepted IIM Ranchi as its member (NIC).

IIM Ranchi Average Package & Placements

IIM Ranchi has been established as among India’s fastest-growing business schools, owing to its ever-evolving curriculum, emphasis on comprehensive student development, and continual growth in notable connections with organisations.

IIM Ranchi Summer Placement 2021-2023

The summer placements for the class of 2021-23, which consisted of 503 students, attracted 186 companies. Flipkart, Cognizant, Deloitte, Antworks, Healthark, Gartner, and Anunta were among the notable recruiters. Despite ongoing economic uncertainties, IIM Ranchi was able to complete the summer placement process seamlessly. This year, 165 organisations visited IIM Ranchi to present offers to MBA candidates. Marketing and sales were the most popular functional area, followed by IT and analytics, finance, operations, and strategy and consulting.

Sector

Percentage of Offers Made

Digital Media & Ads

6.50 %

BFSI

11.30%

Ed-Tech

3.50 %

FMCG

8.00 %

Logistics & Supply Chain

2.80%

Pharma & Healthcare

2.50 %

Manufacturing

3.00 %

AgriTech

1.30%

Consulting

4.60 %

E-commerce

23.60 %

FinTech

12.80 %

IT/IES

3.30 %

Others

5.00 %

Oil/Gas

2.00 %

Overall Stipend Compensation

Average Stipend

INR 1,00,193

Median Stipend

INR 80,000

Average of Top 25%

INR 1,93,401

Highest

INR 3,50,000

Average of Top 10%

INR 2,54,834

IIM Ranchi Final Placement 2020-2022

This year, 77 businesses visited the campus and made offers to the MBA students of IIM Ranchi. The most popular functional area was sales and marketing, which was followed by profiles in strategy and consulting, operations, IT analytics, and finance. Recruiters extended lateral offers to students with prior work experience during the season. In terms of gender, and also background and education, the class of 2020-22 was well balanced.

Sector

Percentage of Offers Made

Digital Media & Ads

3.60%

BFSI

19.00%

Ed-Tech

1.20%

FMCG

4.70%

Logistics & Supply Chain

1.60%

Pharma & Healthcare

2.00%

Manufacturing

4.30%

Consulting

20.60%

E-commerce

4.00%

FinTech

6.70%

IT/IES

32.40%

Overall Stipend Compensation

Average Stipend

INR 16.17 LPA

Median Stipend

INR 15.50 LPA

Average of Top 25%

INR 22.02 LPA

Highest

INR 32.21 LPA

Average of Top 10%

INR 25.16LPA

IIM Ranchi Final Placements 2019-2021

For the final placements of the 2019-2022 batch, 128 corporations participated in the placement drive, with 97 of them being first-time recruiters. The most popular functional area was sales and marketing, which was followed by profiles in strategy and consulting, operations, IT analytics, and finance. Lateral offers were offered to students with prior work experience during the season. Infosys, EPIKInDiFi, Dell Technologies, Tata Elxsi, Capgemini, Birlasoft, ICICI Bank, Yes Bank, HSBC, RBL Bank, TresVista, JPMC, Oxane Partners, Mahindra & Mahindra, Cummins, Ultratech, Vedanta, Adani Wilmar, Tata Steel, Xiaomi, Godrej CPL, ICICI Lombard, Adity were some of the most well-known recruiters among them.

Sector

Percentage of Offers Made

Digital Media & Ads

3.60%

BFSI

19.00%

Ed-Tech

1.20%

FMCG

4.70%

Logistics & Supply Chain

1.60%

Pharma & Healthcare

2.00%

Manufacturing

4.30%

Consulting

20.60%

E-commerce

4.00%

FinTech

6.70%

IT/IES

32.40%

Overall Stipend Compensation

Average Stipend

INR 14.69 LPA

Median Stipend

INR 14.95 LPA

Average of Top 25%

INR 18.85 LPA

Highest

INR 26.50 LPA

Average of Top 10%

INR 20.71 LPA

IIM Ranchi Summer Placement 2020-22

IIM Ranchi successfully completed summer placement for batches 2020-22. There were 256 students for the batch. The summer placements attracted 135 companies in total. The placement campaign attracted 68 new recruiters. Among the top recruiters were Asian Paints, AgroTech Foods, Emami Agrotech, Capgemini, Tata Steel, Ultratech Cement, ICICI Lombard, Cognizant, Yes Bank, and others.

Sector

Percentage of Offers Made

Digital Media & Ads

7%

BFSI

19%

Ed-Tech

10%

E-Commerce

2%

FMCG

9%

Logistics & Supply Chain

2%

Pharma & Healthcare

110%

Manufacturing

18%

Consulting

10%

Oil & Gas

1%

E-commerce

2%

FinTech

5%

Agritech

1%

IT/IES

13%

Media

2%

Overall Stipend Compensation

Average Stipend

INR 97,502

Median Stipend

INR 73,000

Average of Top 25%

INR 1,96,950

Highest

INR 3,36,600

Average of Top 10%

INR 2,53,912

While you examine the massive benefits of earning an MBA from a renowned institute such as IIM Ranchi, you can see why an MBA degree is so significant. The CAT Exam is the most popular MBA entrance exam, and it can help you get into an IIM of your choice, as well as other top MBA schools in the country. Stay connected with BYJU’S to discover more about the various IIMs and to get the most up-to-date information about the upcoming CAT 2022 exam.