IIM Ranchi

Estd. Year : 2010
 Ranchi,Jharkhand
Affiliation : IIM
Type : Private
Accreditations : AACSB
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Established: 2009

Type of Institute: Government business school 

Courses Offered: 9 Management Courses

Accreditations & Approvals:

IIM Ranchi has garnered a distinguished array of accreditations and approvals, underscoring its commitment to delivering exceptional management education. 

These esteemed recognitions include:

  • A notable ranking of 24 by the National Institutional Ranking Framework (NIRF) in the 2023 management rankings, a testament to the institute's academic excellence.
  • Accreditation from World Education Services (WES), a renowned credential evaluation agency, affirming the institute's global standards.
  • Accreditation from the Association to Advance Collegiate Schools of Business (AACSB), a prestigious international accreditation body, recognizing the institute's dedication to quality management education.
  • Approval from the Ministry of Education, solidifying the institute's autonomous status under the Ministry of Human Resources Development, with the esteemed endorsement of the Union Cabinet.

These accolades collectively reinforce IIM Ranchi's reputation as a premier management institution, dedicated to fostering academic rigour, innovation, and excellence.

Ranking

IIM Ranchi has achieved a series of notable rankings, solidifying its position as a leading institution in the realm of management education. 

Some of its recent accolades include:

  • Ranked 17th under the 'Management' category in the National Institutional Ranking Framework (NIRF) 2024
  • Ranked 15th in the Best B-School in India category by the Indian Institutional Ranking Framework (IIRF) 2024
  • IIM Ranchi was ranked 24th in Management in 2023 by NIRF. It was also ranked 19th in Best B-Schools Government in 2023 by IIRF
  • Ranked 15th by National institute ranking framework (NIRF) and 21st by the Indian institute ranking framework in 2022
  • In 2021, IIM Ranchi was ranked 21st in Management by NIRF, 4th (Cluster Rank) by IIRF, 12th in Top Government MBA Colleges by Outlook ICARE

These rankings collectively underscore IIM Ranchi's dedication to fostering a world-class learning environment, innovative research, and exceptional leadership development, thereby cementing its position among the top-tier management institutions in India.

About IIM Ranchi 

Indian Institute of Management (IIM) Ranchi, established in 2010, is a premier management institute located in Ranchi, Jharkhand, India. As the ninth IIM to be set up, it offers a range of postgraduate and doctoral programs in management, with the Post Graduate Diploma in Management (PGDM) being its flagship program. In addition to the PGDM, the institute also offers a specialized PGDM-Human Resource Management (HRM) program and a Doctoral Program in Management.

IIM Ranchi boasts a faculty comprising highly qualified and experienced individuals with diverse backgrounds and expertise in various management domains. The institute is equipped with state-of-the-art infrastructure, including a well-stocked library, advanced computer center, spacious auditorium, and comfortable hostel facilities. 

The institute has collaborations with international B-schools, providing students with international exposure and exchange opportunities. IIM Ranchi has a strong industry interface, with partnerships for internships, live projects, and placements.

Overall, IIM Ranchi is a reputed management institute in India, offering quality management education and research, with a strong focus on industry interface.

Education at IIM Ranchi 

Education at IIM Ranchi provides a comprehensive learning experience, preparing students for successful management careers. 

Programs include:

  • Master's in Business Administration (MBA):  A two-year program developing managerial skills.
  • Master's in Business Administration in Human Resource Management (MBA-HRM): A two-year program specializing in HRM.
  • Doctoral Program in Management: A four-to-five-year program focusing on advanced management research.
  • Executive Programs: Short-term and long-term programs enhancing managerial skills for working professionals.

Education emphasizes:

  • Case-based learning
  • Interactive sessions
  • Group discussions
  • Live projects
  • Internships
  • Industry interface

Curriculum develops:

  • Analytical skills
  • Problem-solving skills
  • Leadership skills
  • Communication skills
  • Strategic thinking

Faculty members are experienced and qualified, providing mentorship and guidance. IIM Ranchi's education produces managers and leaders who can navigate complex business environments.

IIM Ranchi advantages 

  • Renowned Brand: IIM Ranchi is part of the esteemed IIM brand, recognized globally for management education excellence.
  • Prestigious Accreditation: Accredited by AACSB, a hallmark of quality management education.
  • Top Rankings: Consistently ranked among India's top management institutes by NIRF, Outlook, and Business Today.
  • Industry Respect: IIM Ranchi graduates are highly sought after by top companies, reflecting the institute's reputation.
  • Alumni Network: A growing network of accomplished alumni, providing connections and opportunities.
  • Global Recognition: IIM Ranchi's reputation extends beyond India, with international recognition and collaborations.
  • Government Support: A government-funded institute, ensuring high-quality education and resources.
  • Quality Faculty: Attracts top faculty talent, ensuring guidance from experienced professionals.
  • Strong Industry Connect: IIM Ranchi's reputation facilitates strong industry connections and opportunities.
  • Lifelong Value: The IIM Ranchi brand adds lifelong value to students' careers, opening doors to new opportunities.

Departments:

  • Finance and Accounting
  • Economics 
  • Marketing
  • Operations Management
  • Strategic Management
  • Economics and Public Policy
  • Organizational Behaviour (OB) and Human resource (HR)
  • Liberal arts and science 
  • Marketing 

Courses:

  • MBA
  • MBA-HRM 
  • MBA-BA
  • Doctoral programs
  • MBA Executive 
  • Integrated program in management (IPM)

Note: The courses and specialisations offered may be subject to change, and it's always best to check with the institute for the latest information.

 

Eligibility Criteria:

  • Hold a bachelor's degree with a minimum of 50% marks (45% for SC/ST/PwD) from a recognized university.
  • Possess a valid CAT score.
  • Work experience is not mandatory but is considered beneficial.

Admission Procedure:

  • CAT Exam: Take the CAT exam, administered by the Indian Institute of Management (IIM).
  • Registration: Register online for IIM Ranchi's admission process.
  • Shortlisting: Candidates shortlisted based on CAT score, academic performance, and work experience.
  • Personal Interview (PI): Participate in a PI round, assessing communication skills, leadership potential, and domain expertise.
  • Written Ability Test (WAT): Write an essay on a given topic, evaluating writing skills and thought process.
  • Final Selection: Merit list prepared based on CAT score, PI, WAT, academic performance, and work experience.

Note: The admission process and eligibility criteria may change, so it's essential to check the IIM Ranchi website for the latest updates.

Selection process:

Initial Screening (Stage 1):

  • CAT score (30% weightage)
  • Academic performance (20% weightage)
  • Work experience (10% weightage)

Shortlisting (Stage 2):

  • Candidates selected based on Stage 1 criteria
  • Shortlisted candidates invited for Personal Interview (PI) and Written Ability Test (WAT)

Personal Interview (PI) (Stage 3):

  • Assesses communication skills, leadership potential, and domain expertise
  • Weightage: 30%

Written Ability Test (WAT) (Stage 4):

  • Evaluates writing skills and thought process
  • Weightage: 10%

Final Selection (Stage 5):

  • Merit list prepared based on cumulative scores:
  • CAT score (30%)
  • Academic performance (20%)
  • Work experience (10%)
  • PI (30%)
  • WAT (10%)
  • Selected candidates offered admission to IIM Ranchi

Note: The selection process may vary, and weightages may change. 

Check the IIM Ranchi website for updates.

 

IIM Ranchi's fee structure :

Courses Fees
MBA/ MBA-HR/ MBA-BA

INR 17,50,000 

(2 years)
EMBA

INR 12,50,000

(2 years)
IPM INR 15,93,000 (For first three years)

IIM Ranchi scholarships:

Name of scholarship Amount (INR)
Central Sector Scholarship Scheme of Top Class Education for SC Students N. A.
National Fellowship and Scholarship for Higher Education of ST Students 31,000
Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education

12,000 (Graduation Level)

20,000 (Post Graduation Level)
Scheme of Scholarship for Top Class Education for Students with Disabilities Upto 2 lakhs per year
Merit-cum means based Scholarship Scheme belonging to the Minority Communities 20,000

 

At IIM Ranchi, they actively prepare students for and facilitate participation in corporate engagement activities throughout the year. Their Corporate Relations Team is crucial in creating various engagements with corporates, public sector undertakings, and international business firms. This team ensures a fruitful interface between students and the industry, paving the way for remarkable career prospects and growth. Throughout the year, they actively engage with recruiters to ensure successful Final Placements and Summer Internship opportunities for their students.

As a result of their collective efforts, they have consistently achieved a remarkable placement record through continuous enhancements in compensation packages and an expanding pool of recruiters. Over the years, IIM Ranchi has garnered immense respect from esteemed Indian corporates, evident from their notable association with leading business firms.
 

Placements highlights 

IIM Ranchi's 2024 placement season witnessed remarkable success, with:

  • A highest package of INR 37.8 LPA, showcasing top companies' willingness to offer lucrative salaries to talented individuals.
  • An average package of INR 18.69 LPA, demonstrating strong demand for skilled professionals across various industries.
  • 41 Pre-Placement Offers (PPOs), highlighting the institute's strong reputation and industry connections.
  • Participation from 76 recruiters, indicating a diverse range of industries and opportunities available to students.

Top recruiters included:

  • Amazon
  • American Express
  • Deloitte
  • Tata Steel
  • JP Morgan Chase & Co.
  • Redseer
  • Mphasis
  • Nomura

The highest packages were offered in the following domains:

  • Strategy & Consulting: INR 34.91 LPA
  • Finance: INR 37.8 LPA (highest package overall)
  • IT & Analytics: INR 32.5 LPA
  • Operations: INR 25.12 LPA
  • Sales & Marketing: INR 27 LPA

These highlights demonstrate the versatility of IIM Ranchi's curriculum and the adaptability of its students to various industries and roles.

Indian Institute of Management (IIM) Ranchi provides a dynamic and engaging campus environment that seamlessly blends rigorous academic pursuits with a wide array of extracurricular activities and transformative personal growth opportunities. This vibrant campus life is thoughtfully designed to foster a holistic learning experience, empowering students to explore their passions, develop new skills, and cultivate meaningful relationships with peers and faculty alike.

By integrating academic excellence with diverse extracurricular engagements, IIM Ranchi creates a unique and supportive ecosystem that encourages students to push their boundaries, challenge their assumptions, and unlock their full potential. This rich campus life experience not only shapes students' academic and professional trajectories but also prepares them to become responsible, empathetic, and visionary leaders in their chosen fields.
 

IIM Ranchi offers a comprehensive and modern residential experience, ensuring a seamless transition to campus life. The institute provides:

  • Gender-Specific Hostels: Spacious, well-furnished rooms with essential amenities, separate for boys and girls.
  • Flexible Room Options: Single and double occupancy rooms available, catering to individual preferences and availability.
  • Round-the-Clock Security: Unwavering commitment to safety, with 24/7 surveillance and security personnel.
  • Dining and Mess Facilities: Nutritious, hygienic meals with flexible timings, catering to diverse tastes and preferences.
  • Recreational Spaces: Common rooms, gym, and indoor games for relaxation, leisure, and socialisation.
  • High-Speed Internet: Seamless Wi-Fi connectivity for academic and personal pursuits.
  • Convenient Services: Laundry and housekeeping facilities, ensuring a hassle-free living experience.
  • Medical Care: On-campus medical centre with trained staff, providing prompt emergency services.

By offering a supportive and comfortable living environment, IIM Ranchi's accommodation facility enables students to focus on their academic excellence, personal growth, and holistic development.

 

Frequently Asked Questions

...

IIM Ranchi offers a range of programs, including PGDM, PGDHRM, and Executive Programs.

The PGDM program is a two-year, full-time residential program.

The PGDM program offers specialisations in Finance, Marketing, HR, Operations, and Strategy.

Please check the official website for the latest fee structure information.

Yes, IIM Ranchi offers scholarships based on merit and need.

IIM Ranchi has a strong placement record, with top companies recruiting students.

IIM Ranchi offers modern, comfortable accommodation facilities for students.

Admission is based on CAT scores, followed by group discussions and personal interviews.

Yes, IIM Ranchi has various clubs and committees for extracurricular activities.

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