The Indian Institute of Management Ranchi (IIM Ranchi), established in 2010, has quickly become one of India’s most respected management institutions. Known for its innovative pedagogy, diverse courses, excellent placement records, and state-of-the-art facilities, IIM Ranchi attracts ambitious students across India and beyond. Here’s a detailed overview of IIM Ranchi’s offerings, fees, placements, and admissions for 2024.
- Courses Offered at IIM Ranchi
IIM Ranchi offers a variety of programs aimed at building leadership and management skills for students with different professional and academic backgrounds.
- Post Graduate Program in Management (PGPM)
Duration: 2 years
Focuses on core management subjects with a choice of specializations in Marketing, Finance, Operations, Human Resource Management, and IT.
- Post Graduate Program in Human Resource Management (PGPHRM)
Duration: 2 years
Designed for students aiming for HR-specific roles with a curriculum centered around organizational behavior, talent acquisition, and strategic HR.
- Executive Post Graduate Program (PGEXP)
Duration: 1-2 years (Part-time)
Tailored for working professionals, this program provides an intensive grounding in management concepts with weekend and online options.
- Doctoral Program in Management (Ph.D.)
Duration: Varies (Typically 3-5 years)
Research-focused program across various fields including Economics, Marketing, Finance, OB & HRM, and Operations.
- Integrated Program in Management (IPM)
Duration: 5 years
Targets students straight from high school and combines undergraduate and postgraduate studies in management.
- Fees Structure for 2024
The fees for IIM Ranchi’s courses vary depending on the program and are inclusive of tuition, accommodation, and study materials.
PGPM and PGPHRM: Approximately INR 18-20 lakhs for the entire two-year program.
PGEXP: Around INR 12-15 lakhs, depending on the format and duration.
Ph.D. Program: IIM Ranchi offers a stipend to doctoral candidates, thus no tuition fees.
IPM: Around INR 4-5 lakhs per annum for the first three years; the final two years have fees similar to the PGPM program.
These fees are subject to annual revisions, and students are advised to check the official IIM Ranchi website for the latest details.
- Placement Records
IIM Ranchi has an impressive placement track record, with top companies participating every year. Here’s a look at the 2023 placements for an idea of what to expect in 2024:
Highest CTC (Domestic): INR 35-40 LPA
Average CTC: INR 16-18 LPA
Top Recruiters: Deloitte, Amazon, PwC, KPMG, EY, Infosys, and more.
Graduates from IIM Ranchi have been successfully placed in sectors such as Consulting, Finance, E-commerce, IT, Manufacturing, and FMCG, with Consulting and E-commerce being the dominant sectors.
- Admission Process for 2024
The admission process for IIM Ranchi involves multiple steps to ensure candidates with the right aptitude, leadership potential, and academic ability are selected.
- Eligibility Criteria:
PGPM/PGPHRM: A Bachelor’s degree with at least 50% marks (45% for SC/ST candidates) and CAT score.
IPM: Completion of Class 12 with a minimum of 60% aggregate (50% for SC/ST candidates).
Ph.D.: A Master’s degree or equivalent in any discipline with at least 55% marks, or a CAT/GMAT/GRE/GATE/JRF score.
- Selection Process:
CAT Score: Candidates must appear for the CAT and achieve a qualifying percentile to be shortlisted.
Written Ability Test (WAT) and Personal Interview (PI): Shortlisted candidates are invited for the WAT-PI rounds, which assess their communication skills, knowledge, and overall fit for the program.
Final Selection: Based on CAT score, academic profile, WAT & PI performance, work experience, and diversity factor.
- IPM Admission via IPMAT: For the IPM program, candidates must clear the IPMAT conducted by IIM Indore, followed by a Personal Interview (PI).
- Scholarships and Financial Assistance
IIM Ranchi offers need-based financial assistance to deserving students. Scholarships are awarded based on financial need, academic merit, and socio-economic backgrounds. Many external scholarships, like the Ministry of Social Justice and Empowerment scholarships, are also available.
- Campus Facilities
IIM Ranchi provides a vibrant campus experience with modern amenities:
- Hostel: Comfortable accommodation for all students with individual rooms, common areas, and recreation facilities.
- Library: A well-stocked library with management, finance, and humanities resources.
- Technology-Integrated Classrooms: Smart classrooms for interactive learning.
- Sports and Recreation: Facilities for indoor and outdoor sports.
- Health Services: In-house medical services and health insurance for students.
- Career Services and Industry Partnerships
The Career Development Cell (CDC) at IIM Ranchi assists students in internships and final placements. It has partnerships with top-tier companies and arranges workshops, industry interactions, and seminars.
- Notable Achievements
IIM Ranchi’s alumni are now leaders in various sectors globally, contributing to the institute’s reputation. Some notable achievements include:
- International Student Exchange: Opportunities with global institutions.
- Academic and Industry Awards: Recognitions for academic excellence and industry partnerships.
- Research Publications: Faculty and Ph.D. scholars contribute regularly to high-impact research journals.
FAQs
Q1: What is the cutoff for CAT at IIM Ranchi?
The CAT cutoff typically ranges from 92-94 percentile for the general category. For reserved categories, the cutoff is lower.
Q2: Can I apply to both PGPM and PGPHRM with one CAT score?
Yes, you can apply to both programs using your CAT score, but you’ll need to submit separate applications.
Q3: Does IIM Ranchi offer an international exchange program?
Yes, IIM Ranchi has student exchange partnerships with international institutions, allowing students to gain global exposure.
Q4: Are there placement opportunities for IPM students?
IPM students are eligible for final placements in their fifth year, and past IPM graduates have secured excellent placements.
Q5: Is work experience mandatory for admission to PGPM or PGPHRM?
Work experience is not mandatory, but it can enhance your profile during the selection process.
Q6: Are there any financial aid options for students from economically weaker sections?
Yes, IIM Ranchi offers financial assistance to students from economically disadvantaged backgrounds, along with multiple external scholarships.
Q7: How competitive is the admission process?
Admission to IIM Ranchi is highly competitive, with CAT scores, WAT-PI performance, academic background, and other factors considered for final selection.
Q8: Is there a hostel facility for Ph.D. students?
Yes, hostel accommodation is provided for Ph.D. students on a shared basis.
Q9: How many students get shortlisted for the WAT-PI round?
The number varies, but approximately 2-3 times the final intake is typically shortlisted for WAT-PI.
Q10: Does IIM Ranchi accept GMAT for the PGPM program?
GMAT scores are considered only for international applicants. For Indian applicants, only CAT scores are accepted.
Q11: What is the average age of students in the PGPM program?
The average age is usually around 24-26 years, though it varies with each batch.
Q12: Does IIM Ranchi provide support for entrepreneurial aspirations?
Yes, the institute has an Entrepreneurship Cell and offers mentorship and resources for students interested in starting their ventures.
Conclusion
IIM Ranchi continues to excel as a top-tier management institution in India. With rigorous academics, diverse programs, and a strong placement record, it is a prime choice for management aspirants. The focus on research, innovation, and industry interaction equips students to succeed in a competitive global landscape. Whether you’re looking to specialize in HR, finance, or entrepreneurship, IIM Ranchi’s programs provide a solid foundation for a rewarding career.
