Introduction
IIM Ranchi is the ninth IIM to be established by the Government of India for satisfying the needs of higher education in the field of management for students in India. The institute was established in the year 2010, and has been doing reasonably well in terms of academics and placements. In this section, we shall see more in detail about the institute and its courses.
List of Contents
- Location
- Ranking
- Courses Offered
- Admission Procedure
- Fee Structure
- Campus
- Placement Statistics
- Useful Links
Location
Ranchi, popularly known as the city of waterfalls, is located in the state of Jharkhand and also serves as the capital of that state. It has quite good connectivity by air, railways, and road network from all parts of the country.
The campus is situated at a distance of 8 kms from the nearest airport (Birsa Munda Airport) and the travel time is approximately 30 minutes to reach the campus.
The closest railway station to the campus is the Ranchi Junction Railway station which is at a distance of 7.5 kms from campus and takes about 25 minutes to reach the campus.
Google map link to reach the campus: https://goo.gl/maps/bbAtUWkHixJxL2de6
Courses Offered:
The following are the various degree-granting courses offered in IIM Ranchi for a wide variety of aspirants ranging from freshers to executives. These programs are tabulated as under:
| S.No. | Program | Duration | Eligibility |
| 1 | Master of Business Administration (MBA) | Two Years full time | Bachelor’s Degree |
| 2 | Master of Business Administration in Human Resources (MBA-HR) | Two Years full time | Bachelor’s Degree |
| 3 | MBA – Business Analytics (MBA-BA) | Two Years full time | Bachelor’s Degree |
| 4 | Post-Graduate Executive Programme in Management (PGEXP) | Two years | Full-time work / professional / entrepreneurial experience of a Minimum of 5 years (AND) Graduates of any discipline/CAs/CSs/ICWAs/professionals |
| 5 | Integrated Programme in Management (IPM) | Five years | 10th standard / Secondary / SSC Examination (AND) 12th standard / Higher Secondary / HSC Examination (or equivalent) with 60% (55% for candidates from SC/ST/PwD) or more marks |
| 6 | Ph.D programme | Four years | i) Master’s degree or Post Graduate Diploma or its equivalent in any discipline with first class (OR) ii) B.Tech/ 4 Years Degree with 6.5 CGPA or equivalent (OR) iii) Any professional qualification such as CA/ ICWA/ CS with a B.Com/ Degree with minimum 55% aggregate marks or equivalent grade point average. In addition, the candidate must have secured a minimum of 55% marks (or equivalent) in all their public examinations starting with the secondary level |
| 7 | Executive Ph.D. | Three years part time | Master’s degree or Post Graduate Diploma or its equivalent in any discipline with first class. (OR) B.Tech/ 4 Years Degree with 6.5 CGPA or equivalent. (OR) Any professional qualification such as CA/ ICWA/ CS with a B.Com/ Degree with minimum 55% aggregate marks or equivalent grade point average. In addition, the candidate must have secured a minimum of 55% marks (or equivalent) in all their public examinations starting with the secondary level. (AND) Minimum 5 years of work experience |
| 8 | Post-Doctoral Fellowship in Management (PDFM) | Two years | Applicants must have a consistently good academic record and demonstrated research potential. (AND) Candidates with a Ph.D. Degree or who have submitted their thesis for Ph.D degree may also apply. The thesis must be in appropriate discipline. (AND) The age limit for applicants for the Post-Doctoral Fellowship will be a maximum of 40 years |
Ranking
IIM Ranchi has obtained 21st rank among all the B-schools in the NIRF Rankings 2021. The following are the other rankings obtained by the institute.
| Body | Ranking | Year |
| Outlook | 10th place | 2021 |
| T.I.M.E B-School Categorization | AAA Category | 2020 |
Admission Procedure
The admission process for the PGP program is similar to all other IIMs, and the students need to take a CAT exam and also should have either completed their Bachelor’s degree or be in their final year of their Bachelor’s degree while writing the CAT Exam.
Refer here for PGP admission procedures.
After taking the CAT exam, aspirants will have to appear for an interview based on shortlisting from various criteria like the performance in the 10th, and 12th exams, UG score, and gender diversity factor as well. The weightage for each of these factors varies every year depending upon the candidate pool available to the college.
For admission to the MBA-Business Analytics Program Refer here.
For admission to the MBA HR program refer here.
For admission to the Ph.D. program refer here.
For admission to the Executive Ph.D. program refer here.
For admission to the Post-Doctoral Fellowship in Management (PDFM) program refer here.
For admission to the Executive MBA (PGEXP) program refer here.
Selection Criteria for PGP admissions – Indian Institute of Management, Ranchi
There are two stages of selection:
- Shortlisting candidates based on their CAT Scores, 10th, and 12th board marks for PI.
- Final Selection on the basis of PI.
The first basis of shortlisting candidates is through their CAT Score, 10th and 12th board marks. Along with the overall CAT Score, section-wise scores are also considered while shortlisting candidates.
The Personal Interview process will be conducted via the CAP process and shall be common for those IIMs which participate in the CAP process (including IIM Ranchi).
Minimum CAT Score Requirement (CAT 2021) to be considered eligible for PI stage (In percentile):
| Category | Section 1 – VARC | Section 2 – DILR | Section 3 – QA | Aggregate |
| Open/General | 70 | 70 | 70 | 92 |
| Non-Creamy OBC | 45 | 45 | 45 | 74 |
| EWS | 40 | 40 | 40 | 70 |
| SC | 35 | 35 | 35 | 54 |
| ST | 25 | 25 | 32.5 | 40 |
| DAP | 25 | 25 | 32.5 | 40 |
Final Selection Criteria
For the final selection, the shortlisted candidates are required to take an interview through CAP, and during the interview, the candidate’s academic performance, knowledge of concepts in the bachelor’s degree, and prior work experience (if applicable) will be judged.
The final selection will be made on the following basis:
- Personal Interview (PI)
- CAT Score
- Profile of the candidate (divided into 4 components)
These components have the following weightage in the final selection procedure:
| Component | Weightage |
| Personal Interview (PI) | 30% |
| CAT Score | 40% |
| Academic Profile | 13% |
| Gender Diversity | 5% |
| Academic Diversity | 5% |
| Work experience | 13% |
| Total | 100 |
Fee Structure
The total fee for the flagship MBA program is INR 16,00,000 for the year 2021-23. The detailed fee structure is tabulated as follows:
| S.No. | Type of Fee | Term 1 | Term 2 | Term 3 | Term 4 | Term 5 | Term 6 |
| 1 | Admission Fee (One Time) | 1,00,000 | – | – | – | – | – |
| 2 | Tuition Fee | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 |
| 3 | Caution Deposit (One time refundable) | 20,000 | – | – | – | – | – |
| 4 | Alumni Fee (One time) | 10,000 | – | – | – | – | – |
| Term wise total | 3,80,000 | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 | |
| Total | 16,30,000 |
In addition to the tuition fee, the students need to pay a mess fee of INR 21,000 per term.
Campus
IIM Ranchi does not have a permanent campus yet, and the construction works for one such is currently under progress.
For the accommodation needs of the students, residential flats have been used by the institute in the residential blocks of the Sports Village in Khelgaon, which is situated in the outskirts of Ranchi. These flats have single occupancy rooms for each student, along with LAN and internet facilities. Common rooms are also present for informal meetings and there are a few other facilities like the conference room, two indoor game rooms, a fully equipped music room, and a fitness center.
Placement Statistics
IIM Ranchi has achieved 100% placements for the 2019-21 batch. The following are statistics for the 2019-21 batch on various fronts:
| No of students | 201 |
| Highest CTC | INR 26,50,000 |
| Average CTC | INR 14,69,000 |
| Median CTC | INR 14,95,000 |
| No of recruiters | 128 |
| New recruiters | 97 |
Domain wise offer break up:
| Domain | Highest CTC (in INR) | Average CTC (in INR) | Median CTC (in INR) |
| IT Analytics | 25,50,000 | 13,83,000 | 14,00,000 |
| Finance | 22,50,000 | 16,74,000 | 17,00,000 |
| Operations | 22,40,000 | 14,01,000 | 13,30,000 |
| Sales & Marketing | 26,50,000 | 14,24,000 | 14,95,000 |
| Strategy & Consulting | 22,40,000 | 15,51,000 | 15,50,000 |
Some of the key recruiters for this year’s batch are:
| Accenture | Aditya Birla Capital |
| Airtel | Asian Paints |
| Dell Technologies | Deloitte |
| EY | Flipkart |
| Godrej | Hero MotoCorp |
| HSBC | ICICI Bank |
| JP Morgan Chase & Co | Kotak Mahindra Bank |
| Loreal | Mahindra Rise |
| Mindtree | NPCI |
| Samsung | Tata Steel |
| Tech Mahindra | Titan |
| Vedanta | Yes Bank |
Useful links
| Official website | https://www.iimranchi.ac.in/ |
| Courses | https://www.iimranchi.ac.in/p/pgp |
| Placements | https://www.iimranchi.ac.in/p/placement-committee |
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