IIM Ranchi – Indian Institute of Management Overview

IIM Ranchi Ranked 15th in the management category according to the July 15-released NIRF 2022 Rankings. IIM Ranchi is one of the baby IIMs established by the Indian Government in 2009. IIM Ranchi functions as autonomous public bschool. The college is designated with the status of “Institution of National importance” under the IIM Act 2017. IIM Ranchi offers MBA and IPM as its flagship courses. MBA Admission Process 2022 is over and CAP Final Calls are out now. Admission to IIM Ranchi IPM program is granted as per SAT/ IPMAT Score. IIM Ranchi has successfully concluded the final placements of the MBA and MBA HR batch of 2020-22, where the highest CTC was recorded at INR 32.21 LPA, and the average CTC stood at INR 16.17 LPA.

IIM Ranchi is one of the top bschools is ranked 21^st among the Nirf 2021 top 100 Management colleges in India. IIM Ranchi MBA admission criteria 2022 includes two stages, that is, shortlisting candidates based on CAT score and conducting WAT-PI rounds. In 2022 IIM Ranchi along with 8 Baby IIMs participated in CAP, coordinated by IIM Trichy for its admission shortlisting. Final admission offers are made on the basis of a consolidated Merit List (CML) prepared on the basis of CAT score, Academic Profile, PI and WAT as per corresponding weights assigned to students. Apart from MBA, IIM Ranchi also offers MBA in Human Resources, MBA In Business Analytics courses. IIM Ranchi IPM Program is offered to management aspirants after class 12. For IIM Ranchi IPM, the institute accepts SAT or IPMAT scores and for Executive MBA, IIM Ranchi conducts its own written test. PhD (FPM) and Executive PhD Admission is based on CAT/ GATE/ GRE/ GMAT/ NET-JRF (UGC/CSIR) scores. IIM Ranchi also offers a doctoral-level Fellow Program in Management (FPM) and a 24-month part-time Diploma in Management (PGEXP).

IIM Ranchi has released its 2022 Final Placement report. 253 MBA students & 72 MBA HR students got placed. The highest salary package offered was INR 32.21 LPA. The average salary stood at INR 16.17 LPA for the MBA students & INR 15.63 LPA for the MBA HR students. Recruiters came from various sectors. Among all the sectors, IT/ITES sector emerged as the top recruiting sector. Major recruiters of the 2022 placement drive included Accenture, Amazon, Axis Bank, EY, HCL, Cognizant, Flipkart, IBM & many more.

IIM Ranchi Highlights

• MoUs: AIIMS Deoghar and IIM Ranchi has recently entered into an MoU to start a collaborative venture for the advancement in the field of research. IIM Ranchi has set up a dedicated centre for tribal studies and signed a MoU with two noted non-governmental organizations working for the development of tribal people.
• Fees: IIM Ranchi fee for MBA in total is INR 17.20 Lakhs i.e. comparatively less than other IIM institutes. IIM Ranchi offers Government-sponsored scholarships on merit and needs basis.
• Ranking: IIM Ranch is at the 10th position among the top 30 MBA Institutes in Outlook ICARE 2021 survey.
• Placements: During the 2022 placement drive, the highest salary package of INR 32.21 LPA was received. 253 MBA students & 72 MBA HR students got placed.
• International Exchange Program: IIM Ranchi has also launched a certified Barefoot Manager program to promote entrepreneurship and to impart livelihood skills among the school dropouts and illiterates. The college is a part of the National Knowledge Network (NKN) – a pan-India network implemented by the National Informatics Centre (NIC). Moreover, the college signed a Memorandum of Understanding for multifarious exchange collaborations with OAC, Woosong University. IIM Ranchi also has International collaboration with The American Business School of Paris, Alberta School of Business, Alberta, Canada, EMLYON Business School, Cedex, France, Purdue University, USA and a few more.

The best thing about MBA course is that a student from any field, be it science, commerce or arts, can pursue this 2 year masters degree course.

IIM Ranchi Placements 2022

IIM Ranchi has recently released the final report of Placements 2022. The highest salary package increased by nearly 8.3% as compared to the last year. Reputed recruiters like Accenture, Flipkart, Amazon, Axis Bank, Capgemini, Cognizant, EY, HCL etc. visited the campus. The following table represents the course wise placements of IIM Ranchi:

IIM Ranchi Summer Placements 2023

IIM Ranchi Summer Internship Placements 2023 report has also been released. According to the report, the highest stipend stood at INR 3.50 Lakhs per month. Some of the major recruiters included DE Shaw, Samsung, Wipro, Tata Steel, Deloitte, Cognizant, Flipkart. Recruiters came from various sectors. Among those sectors, IT/ITES was the largest recruiting sector. The highlights are mentioned below: 

IIM Ranchi Ranking

IIM Ranchi Scholarships

IIM Ranchi offers numerous national level scholarships to deserving students based on their academic records and financial status. The details of all scholarships have been mentioned below:

Corporate Funded Scholarships:

• Aditya Birla Scholarship: It is a merit-based scholarship for 1st and 2nd students. The scholarship amount is INR 1.75 lakh per student.
• OPJEMS Scholarship: This scholarship is offered by OP Jindal Group to one student each of an academic year. The scholarship amount is INR 1.25 lakh per student.
• Siddhartha Padam Award: It is awarded to the meritious student who gets the remarkable marks in the Finance Area. It comes with a cash prize of 50,000, a medal and a certificate.

National Level Scholarships

Apart from these, there are various national level scholarship prescribed by govt. of India for such as National Fellowship and Scholarship for Higher Education of ST Students - Scholarship, Merit Cum Means Scholarship For Professional and Technical Courses, Central Sector Scheme Of Scholarships etc. Students can get the details of all the national level scholarships in the National Scholarship Portal of Government of India (www.scholarships.gov.in). Apart from this, this college has tie-ups with many banks which give loans at a low rate of interest.

IIM Ranchi Student Immersion Programme

IIM Ranchi MBA programmes are aimed at grooming students that would enable them to face global challenges of the real world. The International Relations Office (IRO) of IIM Ranchi initiates the mechanism for making up global relationship with various international institutes/ universities of high repute through collaborations.

The institute encourages its students to avail of the opportunity to study abroad to broaden the career prospects and deepen the personal insight. A single-term global exchange programme helps students to enhance their cognizance of different cultures, communities, and languages. To contribute to the cause, IIM Ranchi has got tie ups with manifold universities and colleges across the globe which have been mentioned below: 

List of Partner Institutes for Student Exchange Programme:

• Alba Graduate Business School, Greece
• The American Business School of Paris
• Asian Institute of Technology, Thailand
• Audencia Nantes School of Management, France
• 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 Notable Alumni

• Ms Pallavi Venkatesan (Working at Bharat Petroleum Corporation Limited)
• Mr Kanishka Poddar
• Mr Vinod Kumar (Citi Group)
• Mr Meghdoot Mukherjee (Willis Tower Watson)

IIM Ranchi FAQs

Q. How is the final merit list prepared for IIM Ranchi MBA Program?

Ans. After conducting PI rounds for the shortlisted candidates, IIM Ranchi charts the Consolidated Merit List (CML) to prepare the final shortlist. The CML is prepared based on 3 components by IIM Ranchi including CAT Score, PI Score and Profile score.

Q. Is health insurance now mandatory for the students at IIM Ranchi?

Ans. Yes, having valid health insurance is compulsory at IIM Ranchi. All incoming students are essentially required to have comprehensive health insurance coverage throughout the period of their stay at the campus.

Q. How are Hostels at IIM Ranchi?

Ans. Student Hostel Accommodation is made available at the Residential Blocks of the Sports Village a.k.a Khelgaon, which is located in the outskirts of Ranchi. The housing facility at our IIM Ranchi is at par with the best in the world. Each flat consists of three or four bedrooms, a common room and a kitchenette. All the rooms in the flats have single occupancy and are installed with intercom and voice and data ports for telephone, campus LAN and the Internet. Housekeeping services are also provided to us. Each block consists of a mess and a canteen which remain open for nearly 20 hours a day on average and a dispensary for medical concerns. Each floor of the block is installed with a common announcement system.

Q. What are the infrastructure facilities provided at the campus of IIM Ranchi?

Ans. The infrastructure of the IIM Ranchi is explained in details below:

• Hostel: There is a provision for separate accommodation for girls and boys. The hostel facilities include flats, common rooms, and a mess.
• Library: The library has a variety of books, journals, e-resources, and e-books. The students are allowed access to the e-resources and e-books even outside of the campus.
• Classrooms: There is a total of six classrooms which are equipped with all the modern facilities and technology. They are completely backed by a Wi-Fi connection.
• IT Infrastructure: The IT infrastructure includes facilities like 5 Rack Mounted Servers, 3 Blade server hosts, IIM Ranchi's Academic Information System (AIS), Anti-Virus Server and Academic Software. 

Q. What are the vents and clubs of IIM Ranchi?

Ans. IIM Ranchi has satisfactory campus life for the students. The campus life includes Khelgaon Sports Complex, College events like TEDxIIMRanchi, Radix- The Business Conclave. There are 9 student clubs, 7 committees and 2 independent student committees. Clubs are as follows:

1. Literary Club 
2. Marquess(Marketing Club)
3. Samarpan 
4. Sankriya
5. HiRe (HR Club)
6. Finopsis Club
7. E-Cell Club
8. Digitalytics Club
9. Conundrum – Consulting Club

Q. How are placements at IIM Ranchi?

Ans. In recent placement drive 2022, the highest salary stood at INR 32.21 LPA. The number of recruiters for MBA and MBA HR was 77 & 21. The prominent recruiters of the drive were JPMC, ICICI Bank, Muthoot Fincorp, HSBC and YES Bank & many more.

Q. How to reach IIM Ranchi?

Ans. The campus is located at 8Km distance from airport and 6-7 Km distance from railway station. Visitors can reach the campus within an hour by auto-rickshaws at resonance prices. One can get direct flights from Delhi, Mumbai and Kolkata. 

Q. What scholarships are available at IIM Ranchi?

Ans. IIM Ranchi offers scholarships sponsored by the government and some organisations for full time programs like MBA. 

Post-matric Scholarship for PWD students: Awardee gets upto INR 1.5 LPA for non-refundable fees.

Post Matric Scholarships Scheme for Minorities: Candidates from OBC category are eligible with family income not more than INR 1 LPA. 

National Fellowship and Scholarship for Higher Education: ST Students are eligible for a maximum scholarship amount of INR 2.5 LPA.

O.P. Jindal Engineering & Management Scholarships: This scholarship is offered to meritorious MBA students with INR 1.50 LPA per student.

Central Sector Scholarship Scheme of Top Class Education: This scheme is for meritorious ST students with family income not more than INR 8 LPA. This scheme offers one time assistance of INR 45000 per students.

Q. What are partner institutes for IIM Ranchi Students exchange program?

Ans. IIM Ranchi provides students exchange programs for MBA students. This include international institutes such as:

1. Alba Graduate Business School, Greece
2. The American Business School of Paris
3. Purdue University, USA
4. Ural Federal University, Russia
5. Woosong University, South Korea
6. National Chengchi University, College of Commerce, Taiwan
7. EMLYON Business School, France
8. Chittagong Independent University, Bangladesh
9. Asian Institute of Technology, Thailand
10. Audencia Nantes School of Management, France

Q. Does IIM Ranchi have its own campus?

Ans. The college operates from a temporary campus in Suchana Bhawan, behind the Governor House premises in the heart of Ranchi. The student hostels of IIM Ranchi are located at Khelgaon.