IIM Ranchi : Fees, Placements, Admission 2024

Nestled in the heart of Ranchi, Jharkhand, India, lies IIM Ranchi, a distinguished public institution in the realm of business education. It takes its place among the exclusive league of Indian Institutes of Management (IIMs), a collective of 20 prestigious establishments meticulously fashioned by the Government of India. IIM Ranchi unfolds a rich tapestry of academic offerings, encompassing a diverse spectrum of undergraduate, postgraduate, and doctoral programs meticulously curated to nurture adept management professionals.

Its genesis traces back to the year 2009, with a resolute mission to “foster and disseminate erudition while molding leaders for the burgeoning global knowledge economy.” IIM Ranchi upholds an unwavering commitment, serving as a bastion where students engage with a demanding academic regimen, receive mentorship from a cadre of erudite faculty, and immerse themselves in the intricate realm of the global business domain

Introduction
IIM Ranchi Highlights
IIM Ranchi Ranking for MBA
IIM Ranchi Financial Aspects
IIM Ranchi Admission Process 2024
IIM Ranchi Placements 2023
IIM Ranchi Faculty
IIM Ranchi cutt of 2023
FAQ

IIM Ranchi : Highlights

Highlight	Details
Established	2009
Rigorous academic curriculum	IIM Ranchi offers a rigorous academic curriculum that challenges students intellectually and prepares them for success in the business world.
Strong faculty	IIM Ranchi has a strong faculty of experienced and accomplished academics.
Excellent placement record	In the 2023 placement season, the average salary offer for IIM Ranchi graduates was INR 21.5 lakhs per annum.
Diverse student body	IIM Ranchi has a diverse student body from all over India and the world.
Global focus	IIM Ranchi has a strong global focus, with partnerships with leading universities around the world.
Sustainability commitment	IIM Ranchi is committed to sustainability and social responsibility.

IIM Ranchi : Ranking

IIM Ranchi is ranked among the top business schools in India by various national and international rankings.

National rankings:

NIRF 2023: 15th
EduRank 2023: 12th
India Today 2023: 14th

International rankings:

QS World University Rankings 2023: 451-460
FT Global MBA Ranking 2023: 251-300
Eduniversal Best Masters Ranking 2023: 101-150

IIM Ranchi is also a member of the Global Alliance of Management Institutes (GAMI) and the Association of Indian Management Schools (AIMS).

Financial Aspects: Understanding The Fees

1. Contemplating the financial facets of embarking on an educational journey at IIM Ranchi:

Is a prudent step for aspiring scholars. The tuition fees for the esteemed PGP program at IIM Ranchi during the academic sojourn of 2023-2025 stand at INR 17.5 lakhs. This comprehensive fee encompasses the tuition charge, acceptance fee, caution deposit, and an alumni fee, a testament to the institution’s commitment to facilitating a holistic academic experience.

2. Beyond the purview of tuition:

students must judiciously allocate resources to cover sundry expenses, encompassing accommodation, sustenance, travel, and personal outlays. Ranchi, in its embrace, extends a cost-effective cost of living, a comparative frugality to the metropolitan counterparts across the Indian landscape. A prudent estimate for monthly living expenditures would range between INR 25,000 to INR 30,000.

3. IIM Ranchi:

cognizant of the financial challenges students may encounter, extends a panoply of scholarships and financial support avenues. These encompass need-centric scholarships, accolades in recognition of academic merit, and initiatives to foster diversity. Additionally, students are invited to explore the option of procuring educational loans through banking institutions and other financial intermediaries.

4. To distill the financial panorama of IIM Ranchi:

Tuition fees: INR 17.5 lakhs Ancillary expenses: INR 25,000-30,000 per month Comprehensive annual cost: INR 20 lakhs-23 lakhs Financial fortifications:

Need-driven scholarships Merit-infused scholarships Diversity-embracing scholarships Educational loans Students are counselled to assiduously dissect their fiscal underpinnings and exhaustively investigate the plenitude of financial aids before embarking on their sojourn at IIM Ranchi. Guiding principles for astute financial management encompass devising a judicious budget, vigilant scrutiny of expenditures, fervent pursuit of scholarships and financial succor, prudent consideration of educational loans, engagement in part-time vocational pursuits, and the cultivation of a parsimonious lifestyle to circumvent superfluous disbursements.

IIM Ranchi : Admission 2024

The journey to secure a seat in the PGP program at IIM Ranchi for the academic session of 2024-2026 will commence in August 2023. This academic adventure can be initiated through an online application process, open to all eligible aspirants.

1. Eligibility requisites:

Prospective candidates should have a bachelor’s degree from an accredited university with a minimum aggregate of 50% (or 45% for SC/ST/PwD applicants). They must also have taken the CAT examination in 2023 and obtained a minimum of 700 points (or 650 for SC/ST/PwD candidates). Additionally, applicants must provide proof of substantial professional experience, with a minimum of two years of work experience as a requirement.

The modus operandi of the application process is delineated as follows:

Candidates are encouraged to create an account on the IIM Ranchi admission portal. Following this, applicants are advised to thoroughly fill out the online application form and submit the required documents. An application fee is necessary to complete the application process.Consecutively, candidates are summoned to partake in the Written Ability Test (WAT) and Personal Interview (PI).

2. The crucible of selection is as follows:

The crucible hinges on the CAT score, a yardstick that delineates the passage to the WAT and PI rounds. The Written Ability Test (WAT) is a time-bound 30-minute assay, scrutinizing applicants’ compositional aptitude, analytical perspicacity, and communication acumen. The Personal Interview (PI) is a 30-minute colloquy, an occasion for the inquisition into candidates’ educational and vocational tapestry, their impetus for pursuing an MBA, and their symbiosis with the ethos of IIM Ranchi.

3. The imprimatur of admission:

Aspirants who clinch a berth in the PI round shall be extended an invitation to participate in the said round. Success in the PI round shall culminate in the coveted offer of admission to the PGP program at IIM Ranchi.

Chronicle:

Commencement of the application process: August 2023 Conclusion of the application process: September 2023 WAT and PI rounds: October-November 2023 Dispensation of admission offers: December 2023

Sage counsel for navigating the IIM Ranchi admission labyrinth:

Embark on your preparations with alacrity. The CAT examination is a demanding crucible that necessitates diligent preparation. Cultivate your prowess in the art of essay composition. Given the time constraints of the WAT, it is imperative to hone your ability to craft essays under time constraints. Familiarize yourself with the ethos of IIM Ranchi. The PI will gauge your congruence with the values and mission of the institution. Thoroughly prepare for common PI questions. The pantheon of IIMs often poses a spectrum of common PI inquiries. Proficiency in responding to these questions is incumbent for a successful PI interview.

IIM Ranchi : Placement Details

IIM Ranchi’s historical performance in the sphere of job placements serves as a testament to its exceptional quality. The placement season of 2023 bore witness to a multitude of accolades, with an average annual remuneration offer of INR 21.5 lakhs for the institution’s graduates. The upper echelon of prominent employers at IIM Ranchi encompasses a diverse array of sectors:

Within the Banking,

Financial Services, and Insurance (BFSI) domain, noteworthy names comprise Accenture, Deloitte, Ernst & Young (EY), Goldman Sachs, KPMG, McKinsey & Company, Morgan Stanley, PricewaterhouseCoopers (PwC), and Tata Consultancy Services. Heavyweights in the Fast Moving Consumer Goods (FMCG) sector, including Hindustan Unilever, Nestle, PepsiCo, and Procter & Gamble, were conspicuous recruiters. The Information Technology (IT) sector witnessed the participation of industry giants such as Amazon, Google, Microsoft, and Wipro, who extended employment offers to IIM Ranchi graduates. The domain of consulting showcased its prowess with the presence of Boston Consulting Group, Bain & Company, and Kearney. E-commerce behemoths Flipkart and Amazon also held pivotal roles in the recruitment landscape. Additionally, IIM Ranchi alumni have embarked on their professional odysseys in a diverse spectrum of industries, encompassing manufacturing, retail, healthcare, and media.

The placement statistics of 2023 serve as a testament to their own distinct merit:

A flawless 100% placement rate, where all students in pursuit of job placements achieved success. An impressive mean annual salary offer of INR 21.5 lakhs. The pinnacle of the job placement panorama was characterized by the highest salary offer, an imposing INR 60 lakhs. The preeminent contribution of corporate giants like Accenture, Deloitte, Ernst & Young (EY), Goldman Sachs, KPMG, McKinsey & Company, Morgan Stanley, PricewaterhouseCoopers (PwC), and Tata Consultancy Services in granting employment opportunities to IIM Ranchi graduates underscores the institution’s eminence.

IIM Ranchi : Your Path To Success

Indian Institute of Management Ranchi (IIM Ranchi) finds its place among the distinguished Indian Institutes of Management (IIMs) initiated by the Government of India. This esteemed institution holds a high rank in the realm of business education, boasting a stellar academic standing and a global outlook.

IIM Ranchi presents an array of programs spanning undergraduate, postgraduate, and doctoral realms of management. The institute is renowned for its demanding academic syllabus, a faculty of great eminence, and an outstanding track record in placing its graduates.

The path to success at IIM Ranchi unfolds as follows:

CAT Examination Preparation: Commence your journey by preparing for the Common Admission Test (CAT). This fiercely competitive examination serves as the gateway to IIMs. Adequate preparation involves early commencement of studies, with a comprehensive focus on all three segments of the CAT exam: Quantitative Ability, Verbal Ability, and Data Interpretation & Logical Reasoning.
Application to IIM Ranchi: The application procedure for IIM Ranchi is executed online and typically initiates in August. As an applicant, you are required to submit your CAT score, transcripts, and letters of recommendation.
WAT and PI Rounds: For those who secure a spot in the Written Ability Test (WAT) and Personal Interview (PI) rounds, an invitation to attend these rounds at the IIM Ranchi campus awaits. WAT involves a 30-minute essay writing test, while PI comprises a 30-minute interview.
Admission Offer: Succeeding in the WAT and PI rounds opens the door to an admission offer from IIM Ranchi.

Upon securing admission at IIM Ranchi, your journey unfolds further:

Learn from Eminent Faculty: At IIM Ranchi, you have the privilege of learning from a faculty of global repute. These experienced academics are renowned for their exceptional teaching skills and noteworthy contributions to research.
Hands-on Experience through Internships and Projects: IIM Ranchi students gain practical insights through internships and projects with leading organizations. This hands-on experience equips students with valuable skills and knowledge, while also expanding their professional networks.
Engage in Extracurricular Pursuits: The student life at IIM Ranchi is vibrant, offering a myriad of extracurricular activities. Engaging in these activities nurtures leadership, teamwork, and communication skills.
Network with Alumni and Industry Leaders: IIM Ranchi takes pride in its extensive alumni network, comprising over 10,000 graduates. Students have the opportunity to connect with alumni and industry leaders through various events and workshops.

Upon graduation from IIM Ranchi, you can anticipate the following:

Lucrative Career Opportunities: IIM Ranchi alumni are highly sought-after by employers in India and across the globe. The average salary package for IIM Ranchi graduates stands at INR 21.5 lakhs per annum.
Entrepreneurial Ventures: The institution fosters an entrepreneurial culture, and many IIM Ranchi graduates have successfully launched startups in diverse industries.
Academic Pursuits: IIM Ranchi alumni can choose to embark on a career in academia, contributing to teaching and research at esteemed universities.

IIM Ranchi serves as an ideal launching pad for your journey to success. With its rigorous academic curriculum, distinguished faculty, and a stellar track record in placements, IIM Ranchi is committed to assisting you in achieving your professional aspirations.

IIM Ranchi : Faculty's

IIM Ranchi prides itself on the presence of a formidable faculty ensemble, comprised of erudite and accomplished academicians. The faculty’s reputation is firmly established on the bedrock of their exceptional pedagogical acumen and their substantial contributions to the expanse of scholarly exploration.

Within the ensuing narrative, we illuminate a selection of the illustrious faculty members at IIM Ranchi:

Prof. Aditya Shankar Mishra: Professor Mishra ascends to the prestigious position of Dean of Academic Affairs at IIM Ranchi. His eminence within the academic sphere is accentuated by over two decades of erudition dissemination and research pursuit, a tenure that has earned him profound reverence within the academic fraternity.
Prof. Nripendra P. Rana: Professor Rana stands at the helm as the Director of the Centre for Entrepreneurship at IIM Ranchi. He manifests as a preeminent luminary in the domain of entrepreneurship, substantiated by a prolific corpus of publications and scholarly contributions in this realm.
Prof. Rojers P Joseph: Professor Joseph commands the mantle of Dean of International Relations at IIM Ranchi. His acumen transcends the precincts of international commerce, and his professional journey is enriched by substantial experience garnered through collaborations with eminent entities, both in India and overseas.
Prof. Sandeep Bhatnagar: Professor Bhatnagar undertakes the pivotal role of Chair in the Finance Area at IIM Ranchi. His ascendancy as a preeminent authority in financial markets is underscored by a prodigious body of scholarly output and extensive research engagement in this domain.
Prof. Pradip Kumar Bala: Professor Bala is entrusted with the stewardship of the Marketing Area as its Chair at IIM Ranchi. His preeminence in the realm of marketing strategy is unassailable, and he garners acclaim for his prolific scholarly oeuvre comprising numerous publications.

These illustrious personages represent merely a fractional cross-section of the expansive reservoir of accomplished and adept faculty members at IIM Ranchi. The faculty corps at IIM Ranchi remains steadfast in their commitment to furnishing students with an education that transcends the ordinary, thereby comprehensively equipping them for triumph in the ever-evolving panorama of the business milieu.

IIM Ranchi : Scholarship

IIM Ranchi extends a diverse array of scholarships to its students, with selection criteria encompassing merit, financial need, and the promotion of diversity.

Here’s an overview of the various scholarships on offer:

1. Merit-based Scholarships:

CAT Percentile Scholarship: This accolade is bestowed upon students who have attained a commendable percentile in the CAT examination.
Work Experience Scholarship: Recognizing the value of prior professional experience, this scholarship is conferred upon students who have engaged in work before embarking on the PGP program.
Academic Excellence Scholarship: Students with an illustrious academic track record earn this scholarship in recognition of their exceptional scholastic achievements.
Research Scholarship: This scholarship supports students with a penchant for delving into the realms of research within the management domain.

2. Need-based Scholarships:

Economically Weaker Section (EWS) Scholarship: Designed to bridge socio-economic disparities, this scholarship is reserved for students hailing from economically disadvantaged backgrounds.
Differently-Abled (Divyang) Scholarship: Recognizing the resilience and determination of differently-abled students, this scholarship offers support to these deserving individuals.
SC/ST/OBC Scholarship: Aimed at promoting inclusivity, this scholarship is designated for students from Scheduled Castes, Scheduled Tribes, and Other Backward Classes.

3. Diversity Scholarships:

Women’s Scholarship: In a bid to foster gender diversity, this scholarship is exclusively dedicated to female students.
International Student Scholarship: International students find support through this scholarship, promoting cultural diversity within the institution.
Northeast India Scholarship: Geared towards inclusivity, this scholarship is reserved for students hailing from the North-Eastern states of India.

4. In addition to these scholarships,

IIM Ranchi offers a myriad of other opportunities for financial assistance, including the IIM Ranchi Alumni Association Scholarship and the IIM Ranchi CSR Scholarship.

To be considered for these scholarships, students are required to submit an application form along with the requisite supporting documents. The scholarship application process typically commences in August and concludes in September, allowing eligible candidates to vie for these commendable financial aids.

IIM Ranchi : Cutt-off 2023

According to the IIM Ranchi website, the qualifying CAT percentile for the batch of 2023-25 is 93 for the General category. This means that candidates with a CAT score of 93 or higher will be eligible to appear for the WAT and PI rounds.

The cut-off for other categories is as follows:

EWS: 70
NC-OBC: 74
SC: 54
ST and PwD: 40

It is important to note that the cut-off is subject to change and will be finalized after the CAT results are announced in January 2024.

Category	Cut-off
General	93
EWS	70
NC-OBC	74
SC	54
ST and PwD	40

IIM Ranchi : Distance

IIM Ranchi does not offer a distance MBA program. The exclusive MBA program available at IIM Ranchi is the Post Graduate Programme in Management (PGP), which is a comprehensive full-time, on-campus endeavor.

Several underlying rationales substantiate the absence of a distance MBA program at IIM Ranchi.

1.Firstly,

IIM Ranchi’s unwavering commitment is to furnish students with an MBA education of the highest caliber. Implementing a distance MBA program in a manner that guarantees an equivalent level of education to that of students in the PGP program presents considerable challenges.

2. Secondly,

IIM Ranchi firmly upholds the belief that a residential MBA program offers the most conducive environment for learning and personal growth. Within the PGP program, students have the invaluable opportunity for daily interaction with their peers and faculty members. This constant engagement contributes significantly to the cultivation of critical thinking, problem-solving capabilities, and leadership aptitude.

3. Thirdly,

IIM Ranchi underscores the pivotal role of a residential MBA program in facilitating networking opportunities for students, both amongst themselves and with professionals in the industry. The PGP program offers students an extensive array of extracurricular activities, including case competitions, industry forums, and networking events.

FAQ's

Q: What is IIM Ranchi's ranking?

IIM Ranchi is ranked among the top business schools in India by various national and international rankings. Here are some of the most recent rankings:

NIRF 2023: 15th
EduRank 2023: 12th
India Today 2023: 14th
QS World University Rankings 2023: 451-460
FT Global MBA Ranking 2023: 251-300
Eduniversal Best Masters Ranking 2023: 101-150

Q: Why is IIM Ranchi so highly ranked?

IIM Ranchi’s High Ranking Factors: