IIM Ranchi is the first name that comes to mind when individuals are discussing new IIMs that have already established a niche within a few years. The first IIM in the Eastern part of India, it was established in 2010 and has continued to build credibility among students, recruiters and academia. The institute is known to have a concentration on management education that is socially heightened, and its programs equip the students with real business positions.
This paper describes IIM Ranchi courses, IIM Ranchi admission, IIM Ranchi fees, and IIM Ranchi placement in a straightforward and understandable manner, and therefore, you are able to determine whether it suits your purpose.
Table of Contents
About IIM Ranchi
The IIM Ranchi is governed by the Ministry of Education, Government of India. It adheres to the same academic and governance norms as other IIMs, and it also constructs its own identity.
The institute is operating in its permanent campus at Cheri Manatu, Ranchi. The university has academic blocks, dormitories, a library, and student activity places, which form a learning-centric campus.
The distinguishing feature of IIM Ranchi is that it gives priority to Human Resource Management and social sciences in addition to the basic management studies.
IIM Ranchi Courses Offered
The IIM Ranchi programs are structured in such a way that they align with the demands of the present-day industry, without losing their foundation in theory. The institute has postgraduate and doctoral programs.
Master of Management Studies at IIM Ranchi
- MBA (Management) Post Graduate Programme.
A full-time two-year MBA degree in finance, marketing, operations, strategy, and analytics.
- Human Resource Management Post Graduate Programme (PGPHRM)
Amongst the top IIM-induced HR programs, one is the people management, labour laws, and organizational behaviour.
- MBA without a concentration in Business Analytics MBA-BA.
The program is targeted at students who want to work with data-oriented decisions, statistics, and business analysis.
Doctoral Program
- PhD Programme
Developed to suit individuals with interests in teaching and research work in the field of management and other related fields.
All the programs have a trimester system, live projects and promote case-based learning.
The admission process at IIM Ranchi.
The admission process at IIM Ranchi is very systematic and transparent. They are not selected on a single basis.
Entrance Exam Requirement
- MBA programs are mostly in the CAT (Common Admission Test).
- Every year, candidates should have a minimum percentage cut-off of CAT at IIM Ranchi.
Selection Stages
Following the CAT shortlisting, there is:
- Personal Interview (PI)
- Professional and educational experience assessment.
- Factors of diversity (gender diversity, academic diversity).
In the case of the HRM and Business Analytics programs, the academic background can be assigned a slightly higher weight.
Who Should Apply
- New graduates with a good academic background.
- Employees who are working and have the relevant experience.
- Learners with a wide range of educational histories, including engineering, commerce, art, and sciences.
IIM Ranchi intends to develop balanced batches as opposed to doing a specific kind of profile.
IIM Ranchi Fees Structure
Knowing the fees of IIM Ranchi is also critical prior to its application, particularly among students intending to take education loans.
Program Fee Overview
- The overall cost of the two-year MBA courses is normally between [?]15-17 lakh.
- This covers tuition, hostel fees, library facilities and the other facilities of academic nature.
Other Costs to Consider
- Personal expenses
- Study material and books
- Student activities and events.
There are numerous national banks that provide students of IIM with loans to get an education, and the conditions are usually very good.
IIM Ranchi Placement Record
In recent years, IIM Ranchi placement has been on a constant growth. The institute has good contacts with recruiters in the industry.
Key Placement Highlights
- 100% placement of flagship programs on a regular basis.
- Involvement of companies in consulting, BFSI, IT, FMCG and analytics.
- Adequate strategy, human resources, financial, and operations balance of roles.
Roles Offered
- Management Trainee
- HR Consultant
- Business Analyst
- Strategy Associate
- Operations Manager
Newer IIM packages are competitive in terms of salary, with the best packages being much higher, depending on the position and previous experience.
Summer Internship Program
Students go through a formal summer internship procedure before being finalized.
- Taken at the conclusion of the first academic year.
- Students are placed in firms for a duration of 8-10 weeks.
- Numerous internship opportunities become pre-placement.
This exposure to industry at an early age helps students get acquainted with the real expectations at the workplace.
Faculty and Academic Environment
IIM Ranchi boasts of both experienced faculty and visiting faculty from good institutions.
- Faculty members are involved in research and consulting.
- Courses are regularly updated in line with industry trends.
- Discussions in the classrooms are based on real cases and pragmatic issues.
Students are advised to participate in conferences, paper presentations, and management events.
Campus Life at IIM Ranchi
There is life at IIM Ranchi, which is not confined to classrooms.
- Marketing, financial, human resource, analytics, and cultural student clubs.
- Management and cultural fests on an annual basis.
- Wellness and sports activities.
Teamwork, leadership, and peer learning are encouraged in the campus environment.
Why Consider IIM Ranchi?
The IIM Ranchi has a number of attractions for students:
- Brand value IIM with increasing reputation.
- Good HRM and analytics program.
- Regularly high performance on placement.
- Diverse student batch
Pay attention to morals and sustainable business.
The Ranchi provides a good balance between academics and career performance to students who are not interested in older IIMs.
Final Thoughts
Since its inception as a new institute, IIM Ranchi has become a respected name in management education. It has well-organized courses, a fair admission system, affordable fees in respect to returns, and a good track record of placements that keep serious MBA aspirants flowing in.
In case you are planning to pursue an MBA and your school should be the one which cares about not just professional competencies, but also about social responsibility, IIM Ranchi is the school that you should take into consideration.