When it comes to comparing IIM Ranchi and MDI Murshidabad, there are a few key factors to consider. In terms of brand value among IIMs, IIM Ranchi may be considered better. However, it's worth noting that the fees at MDI Murshidabad are lower than those at IIM Ranchi.

One important consideration is the infrastructure of the two institutes. MDI Murshidabad has its own campus and hostel facilities onsite, while IIM Ranchi does not have a campus. This may be a factor for students who prefer on-campus housing. Additionally, while IIM Ranchi is known for its HRM program, MDI Murshidabad may be considered better for other specializations. Ultimately, the decision between these two institutes will depend on the individual student's priorities and needs.