Indian Institute Of Management Ranchi, IIM Ranchi (IIMR)

College Name:	Indian Institute of Management Ranchi, IIM Ranchi (IIMR)
City:	Ranchi
Fees:	17.20 Lakhs
Courses Offered:
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Indian Institute of Management Ranchi (IIM Ranchi) is a prestigious public business school located in Ranchi, Jharkhand, India. Established on December 15, 2009, it became the ninth Indian Institute of Management in the country. The institute commenced classes on July 6, 2010, under the 11th Five Year Plan.

IIM Ranchi offers a range of academic programs including integrated, postgraduate, doctoral, and executive programs in management education, along with Management Development Programs (MDPs) covering various management streams. Admissions to the institute are primarily based on scores obtained in the Common Admission Test (CAT) followed by personal interviews and written tests. As with other IIMs, IIM Ranchi enjoys autonomy in curriculum design and faculty recruitment, operating under the Ministry of Human Resources Development, Government of India.

The campus of IIM Ranchi initially operated from a temporary location in Suchana Bhavan, behind the Governor House premises in Ranchi, with student hostels at Khelgaon. However, in 2021, the institute shifted to its permanent campus spanning 60 acres in Dhurwa.

Academically, IIM Ranchi offers master's degrees in management, including MBA, MBA-HRM, MBA-BA, and Executive MBA for working professionals. It also provides Doctor of Business Administration (DBA) fellowship programs, a part-time executive program (PGEXP), and the unique five-year Integrated Programme in Management (IPM).

One notable initiative of IIM Ranchi is the Young Changemakers Programme (YCP), introduced in May 2023, focusing on empowering high school students and fostering development in local villages under the Unnat Bharat Abhiyan. The YCP has gained international recognition, expanding to invite applicants from around the globe in its second edition in December 2023. The program features rigorous selection processes and initiatives to support participants, including financial aid and mentorship opportunities. Eminent guests have graced various ceremonies associated with the program, further enhancing its impact and reach.

IIM Ranchi continues to play a significant role in shaping future leaders and fostering innovation in management education, both nationally and internationally.

COURSE

DURATION

ELIGIBILITY

FEES (INR)

MBA

2 Years

Graduation + CAT

17,20,000/-

(Total Fees)

Specialisation:

Human Resource Management, Business Analytics, Economics, Information Systems & Business Analytics, Marketing, Operations Management, Organisational Behaviour & Human Resource Management, Strategy & Entrepreneurship, Liberal Arts & Sciences

EMBA

2 Years

Graduation + 3 years of Work Experience

12,50,000/-

(Total Fees)

Specialisation:

Operations Management, Economics, Marketing Management, Strategic Management, OB & HR, Accounting & Finance, Information Systems & Business Analytics

ADMISSION PROCESS

IIM Ranchi's MBA selection criteria for the MBA, MBA-HR, and MBA-BA programs are primarily based on the following components:

CAT 2023 Performance: The initial shortlisting of candidates for the Personal Interview (PI) process is primarily based on their performance in the Common Admission Test (CAT) 2023. The CAT score is a crucial factor in determining whether a candidate is eligible for further evaluation.
CAT Percentiles: Candidates' CAT percentiles are used to rank them in different categories. These percentiles help in categorizing candidates into various groups based on their performance relative to others who took the CAT exam.
Personal Interview (PI): Shortlisted candidates will be invited to appear for a Personal Interview (PI). The PI process is an essential component of the selection criteria, and it allows the institute to assess the candidates' communication skills, personality, and suitability for the MBA program.
Profiles: The candidates' profiles, which include their academic background, work experience (if any), extracurricular activities, and any other relevant information, may also play a role in the selection process. This aspect evaluates the holistic potential of candidates beyond just their CAT scores.
CAP 2024: It is mentioned that the PI process will be according to the Common Admission Process (CAP) 2024. CAP is a process followed by some of the Indian Institutes of Management (IIMs) to coordinate and conduct the PI and Writing Ability Test (WAT) rounds. It involves multiple IIMs, and candidates may have the opportunity to appear for interviews at more than one IIM.
Category-Wise Shortlisting: Shortlisting for the PI process is likely to be done separately for different categories of candidates, such as General, SC/ST, OBC, etc., based on their CAT percentiles.

Indian Institute of Management Ranchi (IIM Ranchi) holds commendable rankings and approvals, reflecting its esteemed position in the realm of management education in India:

NIRF (National Institutional Ranking Framework):

- In 2023, IIM Ranchi secured the 24th position out of 125 colleges offering MBA programs in India.
- In the previous year, 2022, IIM Ranchi was ranked 15th out of 125 colleges, showcasing consistent performance and recognition.

Outlook:

- According to Outlook's rankings in 2024, IIM Ranchi holds the 7th position out of 25 colleges offering MBA programs in India.
- Similarly, in 2023, IIM Ranchi maintained its 7th position out of 24 colleges, reaffirming its stature in management education.

IIRF (Indian Institutional Ranking Framework):

- In the IIRF rankings for 2024, IIM Ranchi secured the 15th position out of 46 colleges offering MBA programs in India.
- In the preceding year, 2023, IIM Ranchi held the 19th position out of 44 colleges, signifying its consistent recognition and excellence.

IIM Ranchi, established in 2009 as the 9th IIM and initially mentored by IIM Calcutta, has solidified its position as a premier management institution. Here are some key highlights:

Ranking: IIM Ranchi is ranked 24th by NIRF in 2023, reflecting its standing among management institutes in India.
Flagship MBA Program: The institute is renowned for its flagship MBA program, which is highly sought-after by aspiring management professionals. Admission to this program is through the CAT examination, with a cutoff of 94 percentile (overall).
Fees: The MBA fees at IIM Ranchi amount to INR 17.5 lakhs, offering value-driven education and resources to its students.
Placement Statistics: The institute boasts impressive placement statistics, with the average package for the 2023 batch standing at INR 17.3 LPA. Moreover, the highest package reached an impressive INR 67 LPA, indicative of the lucrative opportunities available to graduates.
Admission Process: For the 2023-25 batch, IIM Ranchi received significant interest, with 1,51,272 general category candidates selecting it as their preferred choice. Out of these, 9543 candidates were shortlisted for the WAT-PI (Written Ability Test and Personal Interview) rounds, showcasing the competitive nature of admissions.

Overall, IIM Ranchi continues to uphold its reputation for providing quality management education and fostering the development of future business leaders through its rigorous academic programs and robust placement opportunities.

IIM Ranchi Placements 2023: Empowering Futures

At IIM Ranchi, we take pride in nurturing exceptional talent and facilitating career pathways that lead to remarkable success stories. Our placements for the year 2023 stand as a testament to our commitment to excellence and student empowerment. Here's a comprehensive overview of the placement statistics:

Placement Overview (2021-23):

Number of Recruiters: Witnessing a significant surge, our institute attracted 124 esteemed recruiters in the placement season, reaffirming their trust in the quality of talent produced at IIM Ranchi.
Number of Students: With a growing cohort of bright minds, 399 students embarked on their professional journey, equipped with the knowledge and skills garnered during their time at IIM Ranchi.
Highest Package (International): Our students achieved remarkable milestones, with the highest international package soaring to an impressive INR 67 LPA, reflecting global recognition and opportunities.
Highest Package (Domestic): Domestically, the highest package reached INR 35.5 LPA, illustrating the lucrative prospects available in the Indian market for our graduates.
Average Package: The average package for our students stood strong at INR 17.3 LPA, showcasing the competitive edge and value proposition offered by an education at IIM Ranchi.
Median Package: With a median package of INR 16.5 LPA, our students continue to set benchmarks in the industry, underscoring their competency and readiness for corporate challenges.
Top 10% and 25% Average Salary: The top performers at IIM Ranchi commanded impressive salaries, with the top 10% averaging INR 30 LPA and the top 25% averaging INR 24 LPA, reflecting their exceptional caliber and potential.

Top Recruiters: Our esteemed recruiters include industry giants such as Microsoft, JP Morgan Chase & Co., Capgemini, Deloitte, Genpact, and L&T, who have recognized and valued the talent pool at IIM Ranchi. Their continued association with our institute speaks volumes about the quality of education and the caliber of students we produce.

Continued Excellence: As we continue to evolve and adapt to the dynamic needs of the industry, our commitment to nurturing future leaders remains unwavering. With a holistic approach to education and a focus on experiential learning, IIM Ranchi is poised to empower generations of professionals who will shape the future of the business landscape.