IIM Ranchi: Fees Structure, Placements, Packages, Courses Offered

By Sharmistha Banerjee|Updated : November 4th, 2022

Indian Institute of Management Ranchi (IIM Ranchi) is the ninth IIM in India. It was established in the year 2009. IIM Ranchi provides multiple academic and executive programs in addition to its flagship PGP in Management. This institute has also established a certified Barefoot Manager course to encourage entrepreneurship and business skills among illiterates and school dropout students.

IIM Ranchi is one of the top B-schools in India. Like other IIMs, this is also an autonomous institution under the MHRD, Government of India. The administration of IIM Ranch is free to design its own curriculum and recruit faculty associates and research fellows. In this article, BYJU'S Exam Prep experts have mentioned all the details related to the Indian Institute of Management Ranchi placements, packages, fees, cutoffs, eligibility criteria, and many more.

IIM Ranchi MBA College

Indian Institute of Management Ranchi is committed to offering high-quality programs and, in recent years, introduced the Integrated Program in Management (IPM). Apart from the two-year full-time flagship course in General Management PGP (MBA), IIM Ranchi also offers a full-term 2-year course in Human Resource Management (PGP-HRM/MBA-HRM) and Business Analytics (PGP-BA/MBA-BA). IIM Ranchi holds the 10the position amongst the top 26 public MBA institutes in India. It also offers a fellow program in management (FPM), funded by the government, and a 24-month post-graduate degree program in management (PGEXP).

Note the table below to get basic highlights of IIM Ranchi.

Particulars

Statistics

Year of establishment

2009

Campus size (Permanent campus under construction)

90.14 acres

Institute type

Public

Type of courses

Postgraduate, Executive, and Doctoral

IIM Ranchi Selection Criteria

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

Mode of application

Online & Offline

IIM Ranchi Fees Structure

INR 16 LPA (Approx)

Highest IIM Ranchi Packages

Rs 26.50 LPA

Average IIM Ranchi Packages

Rs 14.69 LPA

IIM Ranchi Cut Off

94+ CAT Percentile

Official website

www.iimranchi.ac.in

IIM Ranchi Placements

The college administration of the Indian Institute of Management Ranchi concluded their final placements round for their MBA & MBA HR Batch of with a 100% placement record. IIM Ranchi witnessed the participation of top MNCs, and coveted roles were offered across multiple domains, including Sales & Marketing, Strategy & Consulting, Finance, Operations, etc. These top MNCs include Capgemini, Infosys, DELL Technologies, Mahindra & Mahindra, Vedanta, Accenture, Deloitte, etc.

Placements Process of Indian Institute of Management Ranchi

The Training and Placement Cell (TAP) at IIM Ranchi is responsible for arranging student placements.

  • Students and companies interact on campus through guest lectures, business conclaves, live projects, and corporate competitions.
  • The batch profiles are shared with the interested organizations by the TAP.
  • The organizations visit the campus to conduct pre-placement talks.
  • The resumes of the interested candidates are shared with the participating companies.
  • The IIM Ranchi selection process is conducted through campus visits or video conferencing by the companies during the placement season.

IIM Ranchi: Placements Trends and Reports

A detailed report on IIM Ranchi final placements has been given below:

MBA (PGDM)

Particulars

Statistics (2020)

Statistics (2021)

Total Students

181

201 ↑

Total number of recruiters

94

128 ↑

First-time recruiters

71

97 ↑

Highest CTC (Domestic)

Rs 22.37 LPA

Rs 26.50 LPA ↑

Highest CTC (International)

Rs 59.36 LPA

N/A

Median CTC

Rs 14.82 LPA

Rs 14.95 LPA ↑

Average CTC

Rs 15.11 LPA

Rs 14.69 LPA ↓

Average CTC of top 10%

Rs 19.79 LPA

Rs 20.71 LPA ↑

Average CTC of top 25%

Rs 18.54 LPA

Rs 18.85 LPA ↑

MBA HR (PGDHRM)

Particulars

Statistics (2020)

Statistics (2021)

Total Students

67

72 ↑

Total number of recruiters

42

50 ↑

First-time recruiters

21

22 ↑

Highest CTC (Domestic)

Rs 26.5 LPA

Rs 29.75 LPA ↑

Median CTC

Rs 13.85 LPA

Rs 14 LPA ↑

Average CTC

Rs 14.55 LPA

Rs 14.68 LPA ↑

Average CTC of top 10%

Rs 20.9 LPA

Rs 27.37 LPA ↑

Average CTC of top 25%

Rs 18.19 LPA

Rs 21.48 LPA ↑

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IIM Ranchi Sector-Wise placements

The following is the list of sectors in which students of the Indian Institute of Management Ranchi are placed.

Sector

Prominent Recruiters

IT / Analytics

Capgemini, Infosys, Dell Technologies

Consulting

Deloitte, KPMG, o9 Solutions, Accenture, Cognizant

BFSI

ICICI Bank, Yes Bank, JPMC

FMCG

Godrej, Loreal, Asian Paints

General Management / Others

Mahindra and Mahindra, Adani Wilmar, Aditya Birla (Ultratech)

IIM Ranchi Packages: Function-Wise Salary

The below table represents the function-wise salary statistics at IIM Ranchi:

Sector

CTC Type

CTC Amount (INR)

IT Analytics

Highest

25.50 LPA

Average (Top 10%)

20.17 LPA

Average (Top 25%)

18 LPA

Average

13.83 LPA

Median

14 LPA

Finance

Highest

22.50 LPA

Average (Top 10%)

21 LPA

Average (Top 25%)

19.47 LPA

Average

16,74 LPA

Median

17 LPA

Operation

Highest

22.40 LPA

Average (Top 10%)

20.55 LPA

Average (Top 25%)

18.94 LPA

Average

14.01 LPA

Median

13.30 LPA

Sales & Marketing

Highest

26.50 LPA

Average (Top 10%)

20.94 LPA

Average (Top 25%)

18.41 LPA

Average

14.24 LPA

Median

14.95 LPA

Strategy & Consulting

Highest

22.40 LPA

Average (Top 10%)

20.45 LPA

Average (Top 25%)

18.68 LPA

Average

15.51 LPA

Median

15.50 LPA

Top Recruiting Companies of Indian Institute of Management Ranchi

IIM Ranchi top recruiting companies were from the Finance, Consulting, and Sales & Marketing domains. It includes the below:

Top Recruiters

Infosys

Capgemini

ICICI Bank

JPMC

Tata Steel

Mahindra and Mahindra

Godrej CPL

Airtel

Asian Paints

Deloitte

Accenture

Samsung

IIM Ranchi MBA-HR Placements

Note the section below to get a list of top recruiters of IIM Ranchi for the MBA HR batch.

Top Recruiters

DE Shaw & Co

Flipkart

Cognizant

Accenture

Britannia

Aditya Birla Capital

Deloitte

ONGC

EY

Michael Page

DS Group

Vedanta

IIM Ranchi Cut Off

For admissions to the Indian Institute of Management Ranchi flagship program, candidates are required to meet the minimum eligibility criteria through CAT to be considered for the admission process.

Category

Verbal and Reading Comprehension Percentile Rank (VARC)

Data Interpretation and Logical Reasoning Percentile Rank (DILR)

Quantitative Aptitude Percentile Rank (QA)

Overall Percentile

General

80

80

80

94

EWS

60

60

60

75

NC-OBC

60

60

60

75

SC

45

45

45

55

ST

30

30

30

40

DAP

30

30

30

40

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IIM Ranchi Fee Structure

The fee structure of the Indian Institute of Management Ranchi includes the following expenses:

  • Admission Fee
  • Tuition Fee
  • Caution Deposit
  • Alumni Fee
  • Mess Expenses (excluding the fee structure)

Apart from fees, CAT toppers looking for admission to the top IIMs consider the number of seats. The approximate fee structure for various courses at IIM Ranchi is as follows:

Course

Fee Structure

PGP/MBA Courses

₹16.3 Lakhs (Total Fees)

PGEXP/Executive MBA

₹12.5 Lakhs (Total Fees)

PhD

NA

Executive Ph.D.

₹6.5 Lakhs (Total Fees)

Note the table below to get details data on IIM Ranchi fee structure for PGP, PGP-BA, and PGP HRM.

Particulars

Term 1

Term 2

Term 3

Term 4

Term 5

Term 6

Total

Admission fee

1,00,000

-

-

-

-

-

1,00,000

Tuition

2,50,000

2,50,000

2,50,000

2,50,000

150000

1,85,000

10,10,000

Alumni Fee

10,000

-

-

-

-

-

10,000

Caution deposit

20,000

-

-

-

-

-

10,000

Total

3,80,000

2,50,000

2,50,000

2,50,000

2,50,000

2,50,000

16,30,000

Course-Wise Eligibility of IIM Ranchi

Indian Institute of Management Ranchi offers postgraduate, executive, doctoral, and certificate-level programs such as PGP, PGP-BA, PGPHRM, PGEXP Ph.D., and E-Ph.D. The eligibility criteria of IIM Ranchi for some of the prominent programs are given below:

Course

Eligibility Criteria

Fee Structure

PGP-BA (MBA-BA)

Full-time undergraduate/post-graduate degree with a minimum of 60% marks or equivalent CGPA in

Engineering/technology/architecture

OR

Science with mathematics/statistics/operations research/computer science/physics/engineering physics/information technology/information science

OR

Computer application

INR 16.30 Lakhs

PGP-HRM (MBA-HRM)

Bachelor's Degree, with at least 50% marks or equivalent CGPA (45% in case of the SC/ST/DAP candidates)

INR 16.30 Lakhs

PGEXP

Graduates of any discipline can apply.

CAs/CSs/ICWAs/professionals, having graduate equivalent educational qualification.

Minimum five years of full-time work experience

INR 12.50 Lakhs

PhD

Master's degree or Post Graduate Diploma or its equivalent in any discipline with first class

OR

B.Tech or a 4 Years Degree with a 6.5 CGPA or equivalent

OR

Professional qualification such as CA/ ICWA/ CS with a B.Com/ Degree with minimum 55% aggregate marks or equivalent grade point average

Note: Further to the above, applicants must have secured a minimum of 55% marks in all public examinations starting from the secondary level

NA

Executive Ph.D.

Master's degree or Post Graduate Diploma or its equivalent in any discipline with first class

OR

B.Tech or 4 Year Degree with 6.5 CGPA or equivalent.

OR

Professional qualification such as CA/ ICWA/ CS with a B.Com/ Degree with minimum 55% aggregate marks or equivalent grade point average.

Note: Further to the above, applicants must have secured a minimum of 55% marks in all public examinations starting from the secondary level

INR 6.5 Lakhs

IIM Ranchi Courses

The list of courses offered according to the IIM Ranchi Courses and Programmes List accepted exams and the duration of courses is listed below.

Courses

Duration

Program Type

Exams

Total Fees

Median Salary

MBA/PGP Programs

2

Full-time

CAT

INR 16 LPA

INR 15 LPA

Ex-MBA

2

Part-time

-

INR 13 LPA

-

IPM

5

Full-time

IPMAT

INR 15.93 LPA

-

Ph.D.

4

Full-time

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

-

-

Ex-Ph.D

4

Part-time

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

INR 4 LPA

-

Scholarships offered by Indian Institute of Management Ranchi

The fee structure varies according to an applied course at IIM Ranchi. IIM Ranchi offers scholarships in Need-Based Financial Assistance (NBFA) to the PGP/ IPM students whose gross annual family income is less than Rs 4.5 lakh in that academic year. Certain relaxations are available to NC-OBC, SC, ST, EWS, and PwD students.

The fees do not include the cost of accommodation, so it is recommended to read the brochure and fee details for each course carefully at the time of taking admission. Also, it may vary for international students.

IIM Ranchi Selection Process

Here are the various steps involved in the Indian Institute of Management Ranchi MBA admission procedure.

  • Register for the qualifying CAT Exam
  • Meet the minimum sectional and overall CAT Cut Off to become eligible for the admission process.
  • Apply for the Common Admission Process (CAP)
  • Participate in the Personal Interview Round
  • Final selection basis merit list generated after the last round (PI)

First of all, the candidates need to clear CAT Cut Off, for both overall and sectional. Clearing the cut-off is the first and foremost step, and every candidate must clear it to shortlist the food final selection process.

All the candidates who qualify in Stage I are further eligible to appear for the CAP process consisting of the PI round. However, owing to the present pandemic situation, WAT is not being conducted, and the PI process is completed through an online medium.

After the conduction of the PI, a Consolidated Merit List (CML) is prepared based on the CAT score, PI Score, and Academic Profile Score, based on the overall academic performance at different levels.

A Consolidated Merit List (CML) is the following components and their corresponding weights:

Parameters

Weightage

CAT Score

40%

PI Score

30%

Profile

30%

The score assigned to Profile is distributed among the following:

  • Academic Profile: 13%
  • work Experience: 7%
  • Academic diversity: 5% (For non-Engineering Graduates)
  • Gender diversity: 5% (For female candidates)

The Academic Profile is based on SSC, HSC, and Graduation marks obtained as mentioned below:

Parameters

85% and above

80% - 85%

75 - 80%

70 - 75%

70 - 65%

Less than 65%

SSC

4

3

3

2

1

0

HSC

4

3

3

2

1

0

Graduation

5

4

3

2

2

0

The scoring for Work Experience is as follows:

Duration of Work Experience

Weightage(%)

Up to 6 Months

0

7-12 Months

2

13-18 Months

5

19-24 Months

6

25-30 Months

7

31-36 Months

4

37-42 Months

3

43-48 Months

2

Greater than 48 Months

1

Infrastructure and Facilities offered by Indian Institute of Management Ranchi

IIM Ranchi has a well-organized infrastructure and state-of-the-art facilities for its students. These include:

  • Library- Athenaeum, the library at IIM Ranchi (Khelgaon campus), is stacked with both print and electronic formats of books, journals, CDs/DVDs, databases, reports, e-journals, and so on. It provides both in-house and network-based services to the users.
  • Hostel- The hostel option available at IIM Ranchi is available at both Dhurwa, the permanent campus, and Khelgaon, the temporary campus. The hostel at Khelgaon has three-bedroom and four-bedroom flats, fully furnished and installed with 5-star facilities. There is a mess and a canteen for each block, which remains functional for almost 20 hours a day.
  • Other facilities- Apart from the above, IIM Ranchi Khelgaon campus offers a well-developed sports complex for its students, computer labs, cafeteria, gym, hospital, and medical facilities, a/c classrooms, an auditorium, free wi-fi on the campus, shuttle services, etc. The new (permanent) campus in Dhurwa is at present ready with 10 classrooms, the Director's chamber, the Administrative building, the dining hall, and faculty quarters. The campus is expected to complete construction soon.

IIM Ranchi Hostel

Indian Institute of Management Ranchi permanent campus is at the last stages of completion. The permanent campus at Dhurwa has opened its doors and can accommodate up to 400 students. The remaining students will be placed at the government-provided facility in Khelgaon. Students will attend classes at their respective campus locations as allocated by the administration. The Khelgao location has awesome residential facilities at the residential block of the sports complex, located on the outskirts of Ranchi. It has 3-bedroom and 4-bedroom shared flats, fully furnished, serviced, and installed with five-star amenities. There are separate blocks for girls and boys; each block has a mess and a canteen. There are common announcement systems for each floor of the block.

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FAQs on IIM Ranchi

  • Yes, IIM Ranchi provides separate off-campus hostel blocks/buildings to accommodate girls and boys.

  • In the IIM Ranchi selection process, the following parameters will be considered:

    • CAT Score
    • Performance in Class 10, 12, and Graduation
    • PI performance
    • Academic diversity
    • Gender diversity
    • Work experience
  • To get through to the MBA-2year program at IIM Ranchi, the candidate requires a minimum overall 94% percentile as their CAT cutoff.

  • Sales and Marketing, followed by IT & Analytics, are the top placements domains generated during the last IIM Ranchi placements.

  • The top recruiters for IIM Ranchi are Asian Paints, Dell Technologies, JP Morgan, Chase & Co, Mahindra, Titan, L&T, Yes Bank, Cognizant, KPMG, Accenture, etc.

  • Some eminent recruiters participating in the summer placement season for IIM Ranchi include Asian Paints, Godrej, Flipkart, Capgemini, Cognizant, Samsung, ICICI Bank, Tata Steel, Cipla Health, etc.

  • The application process for IIM Ranchi is purely online. The application remains incomplete unless the official test scores of SAT/IPMAT are uploaded and the application fees of Rs. 2000 are paid for the general category.

  • IIM Ranchi offers the following courses in the field of Management:

    • PGP in Accounting and Finance, Economics, and Information Systems
    • PGPHRM
    • Ph.D. in Accounting and Finance, Economics, Marketing Management

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