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MBA at IIM Ranchi

Ranchi, JharkhandAutonomous University

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Master of Business Administration [MBA]

Course Fees

Course Duration

2 Years

Total Fees

17.20 Lakhs

Detailed Fees

general

Total Fees	₹ 17.2 Lakhs

Course Information

Course Description

Latest Update: IIM Ranchi MBA admission 2024 will start soon. Admit Card will be released on November 7, 2023, and the exam is scheduled for November 26, 2023

IIM Ranchi MBA (Master of Business Administration) is a 2-year, Full-time Flagship Program. Candidates with a Bachelor’s Degree and Valid Scores in CAT are eligible to apply for the Flagship Program.

IIM Ranchi MBA batch size for 2023 is approximately 250+. IIM Ranchi MBA fees is INR 17,50,000. IIM Ranchi MBA CAT cutoff is 92 Percentile (Overall) and 70 Percentile (Sectional).

Table of Content

IIM Ranchi MBA Important Dates 2024
IIM Ranchi MBA Selection Criteria
IIM Ranchi MBA Admission Process
IIM Ranchi MBA Placements 2023
IIM Ranchi MBA Rankings
IIM Ranchi Vs IIM Rohtak Vs SIBM Pune
IIM Ranchi MBA FAQs

IIM Ranchi MBA Important Dates 2024

MBA / MBA-HR / MBA-BA
CAT 2023 Registration Starts	August 02, 2023
CAT 2023 Registration Closes	September 20, 2023
CAT 2023 Admit Card Release	November 7, 2023
CAT 2023 Exam	November 26, 2023
Last date for CAP Application	January 22, 2024 (Tentative)
CAP PI Week 1	February 13 - 18, 2023 (Tentative)
CAP PI Week 2	February 20 - 25, 2024 (Tentative)
CAP PI Week 3	February 27 - March 4, 2024 (Tentative)
Submission of Confirmation of Interest	March, 2024
Final Admission Offer	May 10, 2024 (Tentative)
Session Commencement	July, 2024

IIM Ranchi MBA Selection Criteria

Bachelor’s Degree with a Minimum of 50% marks.
45% Marks for SC / ST / DAP Category.
Students in their Final Year of Graduation can also apply.
Valid CAT Scores.

IIM Ranchi MBA Admission Process

IIM Ranchi MBA Admission is based on Common Admission Process (CAP). The process consists of 2 steps, they are as follows:

Step 1: Initial Shortlisting for PI Process

Candidates are shortlisted based on their valid CAT Scores for PI Process under CAP.

Step 2: PI Process

Shortlisted Candidates are required to appear for Personal Interview (PI) under CAP for Final Selection.

After the completion of the PI process, admission offers would be made based on a Consolidated Merit List (CML), which will be prepared based on the following components and their weights:

Components	Weightage
CAT 2023 Score	40
Personal Interview Score	30
Profile	30
Total	100

Profile is calculated based on:

Components	Weightage (Out of 30 Marks)
Academic Profile	13
Work Experience	7
Academic Diversity	5
Gender Diversity	5

Academic Profile is calculated based on:

As per CAT / CAP Information	SSC	HSC	Graduation
>=85%	4	4	5
>=80% & < 85%	3	3	4
>=75% & < 80%	2	2	3
>=70% & <75%	1	1	2
>=65% & <70%	0	0	1
Less than 65%	0	0	0

Work Experience is calculated based on:

Months	Marks
Up to 12 Months	0
13 - 18 Months	5
19 - 24 Months	6
25 - 30 Months	7
31 - 36 Months	4
37 - 42 Months	3
43 - 48 Months	1
Greater than 48 Months	0

Academic Diversity is calculated based on:

Academic Diversity at Bachelor’s Degree Level	Marks
If Bachelor’s Degree is a Non-Engineering Bachelor’s Degree	5
Else	0

IIM Ranchi MBA Placements 2023

IIM Ranchi MBA Placements 2023 recorded the highest package of INR 67 LPA whereas IIM Ranchi average package stood at INR 17.3 LPA. A total of 124 recruiters participated in the placement drive. More highlights of IIM Ranchi MBA Placements 2023 are mentioned below:

Particulars	Placements Statistics (2021-23)
Number of Recruiters	124
Number of PPOs	76
Number of Students	399
Highest Package (International)	INR 67 LPA
Highest Package (Domestic)	INR 35.5 LPA
Average Package	INR 17.3 LPA
Median Package	INR 16.5 LPA
Top 10% Average Salary	INR 30 LPA
Top 25% Average Salary	INR 24 LPA
Top Recruiters	Microsoft, JP Morgan Chase & Co., Capgemini, Deloitte, Genpact, L&T

IIM Ranchi MBA Summer Internship Placements 2024

IIM Ranchi Summer Internship Placements 2023 Course - wise details is tabulated below:

Particulars	MBA	MBA - HR	MBA - BA
Number of Recruiters	93	31	26
Number of Students	221	69	48
Highest Stipend	INR 3 Lakhs	INR 3 Lakhs	INR 2.80 Lakhs
Average Stipend	INR 1.15 Lakhs	INR 1.23 Lakhs	INR 96.89 K
Median Stipend	INR 1 Lakh	INR 1 Lakh	INR 70 K
Top 10% Average Stipend	INR 2.19 Lakhs	INR 2.70 Lakhs	INR 2.25 Lakhs
Top 25% Average Stipend	INR 1.92 Lakhs	INR 2.22 Lakhs	INR 1.71 Lakhs

Check IIM Ranchi Placements

IIM Ranchi MBA Ranking

Ranking Bodies	Year	Category
National Institutional Ranking Framework (NIRF)	2023	24th in Management
Indian Institutional Ranking Framework (IIRF)	2023	19th in Management (Govt.)

IIM Ranchi Vs IIM Rohtak Vs SIBM Pune

Institute Name	IIM Ranchi	IIM Rohtak	SIBM Pune
Fees	INR 17,50,000	INR 17,90,000	INR 24,59,000
Highest CTC	INR 67 LPA	INR 36 LPA	INR 35.05 LPA
Average CTC	INR 17.3 LPA	INR 18.73 LPA	INR 26.77 LPA
NIRF Ranking 2023	24	12	17

IIM Ranchi MBA FAQs

Ques. What are the Specializations offered in the MBA Program at IIM Ranchi?

Ans. Marketing Management, Accounting & Finance, Economics, Information Systems, Operations Management, Organizational Behaviour & Human Resource Management and Strategic Management Specializations are offered in the MBA Program at IIM Ranchi.

Ques. How many Recruiters visited IIM Ranchi for MBA 2022?

Ans. A total of 124 Recruiters visited IIM Ranchi for the MBA Placement Drive of 2023.

Ques. What is the Expected CAT Cutoff for MBA Admission?

Ans. The Expected CAT Cutoff for MBA Admission is 92 for General Candidates. 70 for EWS, 74 for NC - OBC, and 54 for SC Candidates. The Expected Cutoff is 40 for ST & DAP Candidates.

Ques. Does IIM Ranchi provide Hostel Accommodation to MBA Students?

Ans. Yes, IIM Ranchi provides Hostel Accommodation to MBA Students. IIM Ranchi has Hostel Facilities for its Students with Separate Blocks for Girls & Boys.

Ques. How many Partner Institutions are there for the Student Exchange program at IIM Ranchi?

Ans. There are various Partner Institutions for the Student Exchange program at IIM Ranchi, they are:

Alba Graduate Business School, Greece
The American Business School of Paris
Asian Institute of Technology, Thailand
Audencia Nantes School of Management, France
EMLYON Business School, France
National Chengchi University, College of Commerce, Taiwan
Purdue University, USA
Turiba University, Latvia
Ural Federal University, Russia
Woosong University, South Korea
University of Vaasa, Finland
Athens University of Economics and Business, Greece

Ques. When does IIM Ranchi prepare its final shortlist for admission to its flagship MBA Program?

Ans. IIM Ranchi prepares Consolidated Merit List (CML) after the PI process is conducted for the shortlisted candidates. The final shortlist is prepared based on 3 components' weightage including CAT Score, PI score and Profile Score.

Ques. What is the weightage of PI and CAT scores in the IIM Ranchi MBA selection process?

Ans. In the IIM Ranchi Final MBA selection process, the Personal Interview holds 30% weightage and the CAT score holds 40% weightage in the overall composite score.

Ques. Will work experience improve my chances of getting selected for IIM Ranchi?

Ans. Yes, having good work experience can improve your chances of getting admission to the IIM Ranchi MBA course significantly. IIM Ranchi gives 30% of the overall weightage to a candidate's profile in the final composite score.

Ques. What is the Overall CAT cutoff for the IIM Ranchi MBA program?

Ans. A general category student must have scored a minimum overall 92 percentile and a sectional percentile of 70 in each section to be eligible to get shortlisted for the PI round.

Ques. How does IIM Ranchi calculate composite scores?

Ans. The composite score is calculated based on the academic profile, work experience, gender diversity, academic diversity and the scaled CAT score of a candidate.

Ques. How will I know that I have been selected for IIM Ranchi?

Ans. After the completion of the PI process, admission offers for IIM Ranchi would be made based on a Consolidated Merit List (CML) which will be prepared based on the CAT score, Profile and PI score. Candidates who will be selected for IIM Ranchi final. MBA Admission will receive an email from the institute. They will have to confirm their admission by sending an acceptance letter and offering an acceptance fee.

Course Details

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Placement

Highest Placement	₹ 67.0 Lakhs
Average Placement	₹ 17.3 Lakhs
Top Companies

College Ranking

Ranking of Indian Institute of Management - [IIMR]

Answered Questions

Indian Institute of Management - [IIMR]: 98 answered questions

Ques

Which one is better among them for a fresher without work experience: IIM Ranchi or IIM Trichy or IIM Raipur?

● Top Answer By Srishti Gupta on 20 Jul 22

Ans

IIM Trichy is the best option among these. It is especially good for Strategy, Finance, and Marketing specialization. The institute has an excellent placement record. IIM Trichy placement 2022 ended with an average CTC of INR 17.01 LPA, while the highest CTC offered this year was INR 34 LPA. It has a permanent campus and offers an enviable campus experience to students. If you want to specialize in HR, IIM Ranchi will be a better option.

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Ques

In today's time, which option would be the best- IIM Ranchi or IIM Udaipur?

● Top Answer By Rahul Chaudhary on 31 Jul 21

Ans

Having some friends studying in both the IIMs has given me some insight into the institutions. I can say that there is no significant difference between the two IIMs. They're both doing well. However, the impression is important, and Ranchi now has a stronger reputation than Udaipur, which may be due to its somewhat higher placement figures. Ranchi will win out over Udaipur. As a result, you make your decision depending on your criteria. You will not regret it if you join any of them. In the end, it should be a personal choice based on your research and priorities. Always be grateful for the fact that you got admission to an IIM. Categories IIM Ranchi IIM Udaipur Course Fee 9.75 lakhs 15.5 lakhs Highest CTC 27 LPA 22 LPA Average CTC 12 LPA 12 LPA Recruiting Companies Flipkart, Deloitte, IBM, DE Shaw, etc. Cisco, Pidilite, ICICI Bank, Goldman Sachs, etc. During this two-year journey, you will experience the highs and lows. But one thing is certain: you will cherish every last detail of it in the years to come.

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Ques

Which IIM should I prefer, Ranchi/ Rohtak/ Raipur/ Udaipur? And why?

● Top Answer By Arshdeep Sehra on 25 Jan 23

Ans

Out of the IIMs like IIM Rohtak, IIM Raipur, and IIM Udaipur, IIM Ranchi may be the best choice for several reasons. Firstly, despite being an IIM, IIM Ranchi is relatively new and is still working towards building a reputation for itself. On the other hand, IIM Ranchi is an established institution that has been around for longer and can be trusted for its campus, faculty, and placements. Additionally, as a newer institute, IIM Ranchi may be more focused on making a mark and establishing itself as a top business school, which could potentially lead to a more dedicated and driven faculty and student body. Overall, while all the IIMs are highly regarded institutes, IIM Ranchi may offer a unique and potentially more rewarding experience due to its status as a newer institute.

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Ques

Why should I choose HR program from IIM Ranchi over XLRI?

● Top Answer By Samarth Gaur on 25 Jan 23

Ans

XLRI, founded in 1958, was the first institute in India to offer a specialized program in Human Resources Management. It is consistently ranked as one of the top private business schools in India and is known for attracting top business organizations to recruit its students. XLRI has a strong legacy of producing successful business leaders and is a meeting place for some of the brightest minds from around the world. The campus at XLRI offers a unique atmosphere with a serene and green environment, high-quality fellow students, and a range of extracurricular activities that help to develop students' personalities and prepare them for the challenges of the business world. If you believe that IIM Ranchi can offer similar or better opportunities, then it may be worth considering as an alternative to XLRI.

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Ques

Which IIM is better, IIM Shillong, IIM Ranchi or IIM Rohtak? Why?

● Top Answer By Debopriyo Mukharjee on 28 Apr 22

Ans

Among these IIMs, IIM Shillong is the best option. Being an older institute it offers better course content, faculty, placements, extra-curricular and industry connections. It has a beautiful campus well-equipped with good facilities. The institute has a great placement record. For the 2022 batch, IIM Shillong placements had an average CTC of INR 23.10 LPA. While the median CTC was INR 22.28 LPA. Your preference order for these institutes should be IIM Shillong>IIM Ranchi>IIM Rohtak.

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Ques

Which would be a better choice of B school between New IIMs (Ranchi, Raipur, etc.), MDI, IIFT Kolkata, IIT-B (SJMSOM) with finance as a specialization?

● Top Answer By Ayush Jain on 04 Apr 22

Ans

Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA. You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI.

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Ques

Which is better, SCMHRD or IIM Ranchi PGDHRM?

● Top Answer By Sanskar Nigam on 25 Jan 23

Ans

If you are interested in pursuing a degree in human resources management from one of the top B schools in India, you may want to consider SCMHRD. This institute is known for its strong reputation in the field of HR and can provide you with the skills and knowledge necessary to succeed in this competitive industry. On the other hand, if you are primarily interested in obtaining an IIM degree, then IIM Ranchi may be a good option for you. While IIM Ranchi is considered to be one of the best among the newer IIMs, it may not have the same level of prestige or reputation as some of the more established institutes. If your primary goal is to increase your chances of being placed in a top company and obtaining a high salary package in the field of HR, then SCMHRD may be a more suitable choice. It is important to carefully consider your goals and priorities before making a decision on which business school to attend.

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Ques

Which is better: IIM Ranchi or MDI Gurgaon?

● Top Answer By Saloni Kaushik on 17 Aug 22

Ans

MDI Gurgaon is better than IIM Ranchi. In terms of placements and alumni base, there are significant differences between these two institutes. MDI is an older B-School with a well-developed alumni network. The brand name of MDI is widely reputed in the industry. It has a stellar placement record. Around 87 recruiters took part in MDI Gurgaon placements in 2022. The median CTC offered this year was INR 23.50 LPA. While the highest CTC offered was INR 1.14 CPA. Google, Adobe, HCL, and Microsoft were the major recruiters that took part in the placement drive.

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Ques

What are reviews of the PGDHRM program at IIM Ranchi?

● Top Answer By Gaurav Yadav on 25 Jan 23

Ans

There has been a lot of talk and misconceptions about whether the PGDHRM is as good as XLRI TISS or any other 'HR institute'. The PGDHRM stands out due to its unique curriculum and ideology. It is recognized that HR is not just about soft skills, and the course has been designed to be futuristic and not obsolete like some peer institutes. The PGDHRM has several courses in quantitative analytics and HR analytics, taught by industrialists and professors from IIM A. These courses include lectures on IBM cognitive intelligence, tableau, statistical tool R, and SPSS. One of the best parts of the PGDHRM is that it has visiting professors from top institutes such as IIM A, B, C, L, I, XLRI, TISS, and GIMS, as well as senior specialists from ILO and the former Economic Times’ chief editor. The PGDHRM also has a special alliance with the Tata Steel Adventure Foundation, which offers a unique leadership experience. As part of this program, students had the opportunity to meet the first woman to reach the summit of Mt. Everest, Bachendri Pal. Placement opportunities at the PGDHRM are reportedly higher than those at other institutes and are expected to increase in the coming years. However, the institute places a greater emphasis on instilling a curiosity to learn rather than acting as a placement shop. While the campus infrastructure may need some improvement, the hostels at the National Games Complex are reportedly very nice. Ultimately, it is students' actions and what they learn that define them, not the physical campus or facilities.

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Ques

What should be my preference between IIM Shillong & IIM Ranchi?

● Top Answer By Arshit Jain on 25 Jan 23

Ans

To compare two business schools objectively, it is important to consider more than just the numbers in placement reports. In addition to looking at the average CTC, it is also helpful to consider the median salary to get a better understanding of the context. It is possible that the average CTC may be significantly influenced by international offers or a small percentage of the batch securing high-paying jobs. When comparing the maximum and average packages offered, it is important to keep in mind that institutes often include international offers in these calculations. In addition to the number of roles offered, it is important to consider the quality of the recruiters and brands. It may be helpful to look at the LinkedIn profiles of alumni to get a better understanding of the roles and companies that have been recruited from the school. It is also important to note that the same companies may be listed in the placement reports of different schools, but that does not necessarily mean that the roles and packages offered are the same. Finally, it is important to remember that a business school education is about more than just placements, and what a student makes of their MBA experience is also important.

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