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IIM Ranchi Fees & Placements

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Campus of IIM Ranchi
Campus of IIM Ranchi

Introduction

IIM Ranchi is the ninth IIM to be established by the Government of India for satisfying the needs of higher education in the field of management for students in India. The institute was established in the year 2010, and has been doing reasonably well in terms of academics and placements. In this section, we shall see more in detail about the institute and its courses.

List of Contents

  1. Location
  2. Ranking
  3. Courses Offered
  4. Admission Procedure
  5. Fee Structure
  6. Campus
  7. Placement Statistics
  8. Useful Links

Location

Ranchi, popularly known as the city of waterfalls, is located in the state of Jharkhand and also serves as the capital of that state. It has quite good connectivity by air, railways, and road network from all parts of the country.

The campus is situated at a distance of 8 kms from the nearest airport (Birsa Munda Airport) and the travel time is approximately 30 minutes to reach the campus.

The closest railway station to the campus is the Ranchi Junction Railway station which is at a distance of 7.5 kms from campus and takes about 25 minutes to reach the campus.

Google map link to reach the campus: https://goo.gl/maps/bbAtUWkHixJxL2de6                            

Courses Offered:

The following are the various degree-granting courses offered in IIM Ranchi for a wide variety of aspirants ranging from freshers to executives. These programs are tabulated as under:

S.No.ProgramDurationEligibility
1Master of Business Administration (MBA)Two Years full timeBachelor’s Degree
2Master of Business Administration in Human Resources (MBA-HR)Two Years full timeBachelor’s Degree
3MBA – Business Analytics (MBA-BA)Two Years full timeBachelor’s Degree                                                                                                            
4Post-Graduate Executive Programme in Management (PGEXP)Two yearsFull-time work / professional / entrepreneurial experience of a Minimum of 5 years (AND) Graduates of any discipline/CAs/CSs/ICWAs/professionals
5Integrated Programme in Management (IPM)Five years10th standard / Secondary / SSC Examination (AND) 12th standard / Higher Secondary / HSC Examination (or equivalent) with 60% (55% for candidates from SC/ST/PwD) or more marks
6Ph.D programmeFour yearsi) Master’s degree or Post Graduate Diploma or its equivalent in any discipline with first class (OR) ii) B.Tech/ 4 Years Degree with 6.5 CGPA or equivalent (OR) iii) 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
7Executive Ph.D.Three years part timeMaster’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 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.   In addition, the candidate must have secured a minimum of 55% marks (or equivalent) in all their public examinations starting with the secondary level.   (AND) Minimum 5 years of work experience  
8Post-Doctoral Fellowship in Management (PDFM)Two yearsApplicants must have a consistently good academic record and demonstrated research potential. (AND) Candidates with a Ph.D. Degree or who have submitted their thesis for Ph.D degree may also apply. The thesis must be in appropriate discipline. (AND) The age limit for applicants for the Post-Doctoral Fellowship will be a maximum of 40 years

Ranking

IIM Ranchi has obtained 21st rank among all the B-schools in the NIRF Rankings 2021. The following are the other rankings obtained by the institute.

BodyRankingYear
Outlook10th place2021
T.I.M.E B-School CategorizationAAA Category2020

Also Read:

IIM  Banglore
IIM Calcutta
IIM Lucknow
IIM IPM Programme Indore
IIM Bodhgaya
IIM Kashipur
IIM Nagpur
IIM Raipur
IIM Shillong
IIM Visakhapatnam

Admission Procedure

The admission process for the PGP program is similar to all other IIMs, and the students need to take a CAT exam and also should have either completed their Bachelor’s degree or be in their final year of their Bachelor’s degree while writing the CAT Exam.

Refer here for PGP admission procedures.

After taking the CAT exam, aspirants will have to appear for an interview based on shortlisting from various criteria like the performance in the 10th, and 12th exams, UG score, and gender diversity factor as well. The weightage for each of these factors varies every year depending upon the candidate pool available to the college.

For admission to the MBA-Business Analytics program refer here.

For admission to the MBA HR program refer here.

For admission to the Ph.D. program refer here.

For admission to the Executive Ph.D. program refer here.

For admission to the Post-Doctoral Fellowship in Management (PDFM) program refer here.

For admission to the Executive MBA (PGEXP) program refer here.

Selection Criteria for PGP admissions – Indian Institute of Management, Ranchi

There are two stages of selection:

  1. Shortlisting candidates based on their CAT Scores, 10th, and 12th board marks for PI.
  2. Final Selection on the basis of PI.

The first basis of shortlisting candidates is through their CAT Score, 10th and 12th board marks. Along with the overall CAT Score, section-wise scores are also considered while shortlisting candidates.

The Personal Interview process will be conducted via the CAP process and shall be common for those IIMs which participate in the CAP process (including IIM Ranchi).

Minimum CAT Score Requirement (CAT 2021) to be considered eligible for PI stage (In percentile):

CategorySection 1 – VARCSection 2 – DILRSection 3 – QAAggregate
Open/General70707092
Non-Creamy OBC45454574
EWS40404070
SC35353554
ST252532.540
DAP252532.540

Final Selection Criteria

For the final selection, the shortlisted candidates are required to take an interview through CAP, and during the interview, the candidate’s academic performance, knowledge of concepts in the bachelor’s degree, and prior work experience (if applicable) will be judged.

The final selection will be made on the following basis:

  1. Personal Interview (PI)
  2. CAT Score
  3. Profile of the candidate (divided into 4 components)

These components have the following weightage in the final selection procedure:

ComponentWeightage
Personal Interview (PI)30%
CAT Score40%
Academic Profile13%
Gender Diversity5%
Academic Diversity5%
Work experience13%
Total100

Fee Structure

The total fee for the flagship MBA program is INR 16,00,000 for the year 2021-23. The detailed fee structure is tabulated as follows:

S.No.Type of FeeTerm 1Term 2Term 3Term 4Term 5Term 6
1Admission Fee (One Time)1,00,000
2Tuition Fee2,50,0002,50,0002,50,0002,50,0002,50,0002,50,000
3Caution Deposit (One time refundable)20,000
4Alumni Fee (One time)10,000
Term wise total3,80,0002,50,0002,50,0002,50,0002,50,0002,50,000
Total16,30,000

In addition to the tuition fee, the students need to pay a mess fee of INR 21,000 per term.

Campus

IIM Ranchi does not have a permanent campus yet, and the construction works for one such is currently under progress.

For the accommodation needs of the students, residential flats have been used by the institute in the residential blocks of the Sports Village in Khelgaon, which is situated in the outskirts of Ranchi. These flats have single occupancy rooms for each student, along with LAN and internet facilities. Common rooms are also present for informal meetings and there are a few other facilities like the conference room, two indoor game rooms, a fully equipped music room, and a fitness center.

Placement Statistics

IIM Ranchi has achieved 100% placements for the 2020-22 batch. The following are statistics for the 2020-22 batch on various fronts:

No of students253
Highest CTCINR 32,21,000
Average CTCINR 16,17,000
Median CTCINR 15,50,000
No of recruiters77

Domain wise offer break up:

DomainHighest CTC (in INR)Average CTC (in INR)Median CTC (in INR)
IT Analytics30,79,00015,62,00014,50,000
Finance25,00,00015,70,00016,00,000
Operations18,00,00013,40,00013,20,000
Sales & Marketing26,12,00016,60,00015,61,000
Strategy & Consulting32,21,00017,10,00015,50,000

Some of the key recruiters for this year’s batch are:

AccentureAditya Birla Capital
AirtelAsian Paints
Dell TechnologiesDeloitte
EYFlipkart
GodrejHero MotoCorp
HSBCICICI Bank
JP Morgan Chase & CoIDFC First Bank
LorealMahindra
MindtreeNPCI
SamsungTata Steel
Tech MahindraTitan
VedantaYes Bank

Also Read : Final placement Report 2020-22

Useful links

Official websitehttps://www.iimranchi.ac.in/
Courseshttps://www.iimranchi.ac.in/p/pgp
Placementshttps://www.iimranchi.ac.in/p/placement-committee
Although all the best efforts have been put to produce this article with all the correct data , however, if there are any conflicting data or provisions are crept into the article, respective official site(s) shall be referred & the site/ portal is not responsible for this. Also no claim whatsoever at any stage is admissible relating to content of this article.

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