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How is the campus life at IIM Ranchi?
IIM Ranchi students experience a lavish campus life because of the serene location of their hostel and many world-class amenities. Some of them include
Hostels: The hostels are located in the National Sports Housing Complex, the venue for the 2011 National Games held in Ranchi. Some facilities provided by the hostel include
- Amazing view
- Single occupancy rooms
- Attached bathrooms with geysers
- Drinking and laundry facilities
Khelgaon Sports Complex: This is for all the sports lovers out there who want to pursue their passion along with academics. The students are permitted to use the Stadium which is a 2-minute walk from the campus.
Food: Food can be delivered from the in-campus tuck shops and the Night canteen to the hostels.
College Events: The college hosts its annual events at grand hotels in the city. Some major events include Radix – the Business Conclave and TEDxIIMRanchi.
Location: Located within the city, almost every faculty can be availed easily. Be it groceries or footwear everything is available at a quick distance from the campus. You can even run to a nearby cafe and give your taste buds a change of food between breaks and then come back for classes. The distance between the hostel and the campus is a 30-minute bus ride.
Travel: IIM Ranchi is the best for people who want to explore nature and relax after a week of tight schedules. The beautiful dams and waterfalls are picturesque and will take away all the stress. Bus facilities are available during weekends so that students can travel to the central area for shopping or other errands.
Khelgaon Community hall: The students of IIM Ranchi can access this hall for weekend get-togethers and college events like Batch Parties.
So without a permanent campus, IIM Ranchi does have its demerits, yet if you are diligent you can create many amazing memories even without it.
Is IIM Ranchi's IPM program worth it?
Yes, the IPM program of IIM Rohtak is actually worth it because it’s an IIM after all. Both Rohtak and Indore excel at their IPM programs. If you are not willing to sit for the CAT again and are not confident that you will get in despite trying this is the best option for you. But if you want to explore more opportunities and are confident of getting a better CAT percentile next year this program may not be for you.
IPM or Integrated Program in Management is a 5-year program of business studies from undergraduate to postgraduate level (Integrated BBA-MBA). Students will be awarded a Master of Business Administration (MBA) degree at the end of the program.
Curriculum: The foundation of this program is broad covering areas like humanities, social sciences, arts, and sciences. Other areas that are tackled by this program are management, marketing, accounting, finance, economics, information systems, data science, and strategic management. The pedagogy involves lectures, classroom discussions, experiential lessons, case analyses, simulations, group projects, internships, and mentorships that help in creating an active and student-favorable environment.
Fees: The total fee for the first three years of the program is INR 1,593,000. These fees do not include mess charges.
Eligibility: The eligibility criteria for the IPM program are as follows
- Candidates who have passed 10 + 2 with a minimum of 60% Marks.
- 55% Marks for SC / ST / PWD.
- Indian Nationals & PIO / OCI Card Holders are eligible to apply for the Program.
Admission process:
IIM Ranchi Admission Process for the IPM program consists of 4 Stages, which are as follows:
- IIM Ranchi Reviews Applications received for IPM Program.
- Candidates are Shortlisted based on their Valid SAT / IPMAT (Conducted by IIM Indore) scores.
- Shortlisted Candidates are called for Personal Interviews for Final Selection.
- IIM Ranchi Finalize Candidates based on their Overall Performance in Personal Interviews & their Overall Academic Scores
Overall I personally feel that the IPM program at IIM Rohtak is worth trying.
How do the new HR programs of IIM Ranchi, NMIMS, and XIMB measure up to the established ones of XLRI, TISS, MDI and SCMHRD?
The simple answer to your question is no, the new HR programs of IIM Ranchi, NMIMS, or XIMB are not at par with the established ones XLRI, TISS, MDI, and SCMHRD. The established programs especially that of XLRI are the epitome of HR programs. They cannot be compared to the new ones at any given level or parameter.
- Faculty: The professors of XLRI are renowned throughout the industry for their competency. They specialize in almost every domain one can think of be it Law, Competency Modeling, Compensation, or Performance Management.
- Peers: It’s the cream students who get the opportunity to get into a prestigious college like XLRI. You can see tough competition between the finest students at college. Every individual has a valuable opinion and stands to contradict others. Their thinking pattern is broad and given a case study, they look at all angles from accounting to finance to laws while proposing the solution. The situation at TISS is also quite similar.
Now one can say that the curriculum can be replicated and learned faculty can be sought to match the quality of the HR program at these institutes. But the truth is faculty and curriculum are the main but not the only factors that determine an institute's worth. Its own culture, ethics, and background have a lot to do with the programs it offers.
So one cannot match XLRIs programs no matter how much they try.
What is the placement scenario at VGSoM (IIT Kharagpur) when compared with new IIMs like Ranchi, Raipur, Kashipur, Trichy, Udaipur, and Rhotak?
In 2022, the VGSOM IIT Kharagpur business school achieved a 100% placement rate for its students. All 97 students who registered for the placement process were successfully placed in jobs. The highest salary package offered during the placement process was 31.98 LPA, while the average package was 19.36 LPA. These strong placement results demonstrate the success of VGSOM IIT Kharagpur in preparing its students for the job market and the value that employers place on its graduates.
Here is an individual's experience at IIT Roorkee, which was one in which he received admission to the institute in 2004 after having eight years of work experience. At that time, the management programs at IITs were relatively new and placements were not as strong as they are now. Despite this, he decided to attend IITR and focus on their studies and enjoying their MBA experience, rather than worrying about job prospects. As a result, he performed well academically and was able to secure an okay job in the IT industry. Through hard work and dedication, he was able to triple his salary within four years and work on projects in various countries. Ultimately, he retired in 2010 to travel and is still doing so seven years later. He believes that both IITs and new IIMs are good options for business education and that it ultimately depends on the individual's goals and priorities. He advises focusing on academics and enjoying the experience, as a job will eventually be obtained.
Which IIM should I prefer, Ranchi/ Rohtak/ Raipur/ Udaipur? And why?
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.
How is IIM Ranchi HRM?
As a fresher, you will find the curriculum quite hectic and unapproachable. Yet with proper motivation and enough time you will find yourself adapting to the rigor and it will become a part of your life. Some major highlights of the course are
- Induction program: IIM Ranchi conducts a unique induction process wherein students from all the programs work together. It helps to inculcate Teamwork, creativity, and leadership through various tasks. The Introduction To Business session gives you a broad idea of both HR and other domains like Marketing, Finance, Operations, etc.
- Curriculum: The curriculum at IIM Ranchi does not solely focus on HR subjects. Rather, it gives a strategic and integrative perspective from the very beginning. This aims at giving rise to future HR Leaders as Business Partners. The Foundation courses cover a broad spectrum like HR Scorecard, Job Evaluation, and Job Analysis.
- Specialization: Another major highlight of the course is the specialization opportunity offered to its students. Apart from General HR Management, the PGDHRM course lets you specialize in Industrial/Labour Relations as well as Organization Development. This is a book for people who want to work in PSUs or crack exams like UGC NET. This makes it the first IIM to offer specialization in HR as well as the first IIM to offer specialization within its HR course.
- SHRM guidelines: The content of its curriculum is based on the SHRM guidelines which is an International HR body to give the best to students in terms of knowledge.
- Placements: The placement statistics of HR program are as follows
|
Particulars |
Statistics |
|
Number of recruiters |
21 |
|
Number of students |
72 |
|
Highest salary |
INR 32.21 LPA |
|
Average salary |
INR 15.63 LPA |
|
Major Sectors |
IT/ITES, BFSI, Consulting |
|
Top recruiters |
Accenture, Aditya Birla Capital, AICL, Adian Paints, Capgemini, EY, Flipkart |
All these make the HR program a considerably decent option.
What is better, MDI for PGP-IM or IIM Ranchi?
Deciding which college to attend for an MBA can be a difficult decision due to the high cost of tuition and the potential impact on future career prospects. MDI PGP-IM is a specialized program, while IIM Ranchi's PGDM program is a general management program with the option to choose a specialization in the second year. This may limit the scope of the MDI program. Additionally, the PGP-IM program at MDI requires 3 years of work experience, while IIM Ranchi does not have this requirement. While MDI may have the advantage of a strong brand name and proximity to the business hub in Delhi NCR, it is important to consider how much value this adds to the PGP-IM program.
IIM Ranchi has its own set of limitations, such as a temporary campus, but the institute has a strong reputation and a history of good placements. The hostels at IIM Ranchi are also some of the best in the country, offering individual rooms rather than shared accommodations. It is worth noting that some students do transfer from MDI PGP-IM to IIM Ranchi, although it is less common for students to go in the opposite direction. Ultimately, the best college for you will depend on your individual preferences and priorities.
Why should I join IIM Ranchi over other 2nd generation IIMs?
You may be considering enrolling in IIM Ranchi or IIM Tiruchirappalli as a student. These are the top two IIMs among the second-generation IIMs, with IIM Ranchi being slightly better. However, there are several factors that you should consider when deciding which institution to attend.
One important factor to consider is the faculty size and background. It is not just the number of faculty members that matters, but also their qualifications and expertise. All IIMs are generally equal in this regard.
Another factor to consider is the knowledge infrastructure, which refers to the library and other learning resources available to students. This can be an important factor, as access to these resources is essential for student success. IIM Ranchi may lag in this area compared to other IIMs.
Physical infrastructure, such as the availability of a residential campus, is also important. Many students value the college life experience and may want to attend an IIM that has its own campus. IIM Ranchi is currently operating on a temporary campus.
Specialized courses are another factor to consider. With the constantly changing needs of industry and academia, it is important to ensure that the IIM you choose offers specialized courses that align with your interests and career goals. IIM Ranchi does offer a specialized HRM course.
The teaching and learning environment, location, and placement record are also important factors to consider. IIM Ranchi has an advantage in terms of location, as it is located near XLRI in Jharkhand, and has a strong placement record.
Ultimately, it is important to carefully research and consider all of these factors before deciding which IIM to attend.
In today's time, which option would be the best- IIM Ranchi or IIM Udaipur?
All the 3 baby IIMs namely IIM Udaipur, Ranchi, and Trichy are the top 3 among the new IIMs, so if you choose one over the other, it usually is a matter of personal preference. As far as I know, Udaipur fares better in terms of international rankings like QS, FT, and also NIRF in research, etc. This speaks highly of the future potential the institute has. In terms of placements, IIM Ranchi is a better choice. Here is a table with a comparative analysis of the 2 institutes.
|
Particulars |
IIM Ranchi |
IIM Udaipur |
|
Fees |
?8.95 Lakhs (1st Year Fees) |
10,00,000/Yr |
|
Ranking |
15 out of 125 NIRF |
22 out of 125 NIRF |
|
Highest CTC |
INR 65 LPA |
INR 36 LPA |
|
Average CTC |
- |
INR 20.3 LPA |
|
Top Recruiters |
Capgemini, Dell, Infosys, Asian Paints, Dell |
Goldman Sachs, HSBC, Accenture |
Overall, the final decision is yours to make based on personal inclinations and priorities.
How good are the placements in IIM Ranchi?
During the MBA placements season at IIM Ranchi in 2022, the highest and average packages offered were INR 42 LPA and INR 16.62 LPA, respectively. A total of 77 companies visited the campus for recruitment, with 21 specifically visiting for MBA HR placements. The highest and average packages offered during MBA HR placements were INR 32.21 LPA and INR 15.63 LPA, respectively.
Top recruiters included Amazon, Ernst & Young, JP Morgan Chase & Co, Thomson Reuters, KPMG, IBM, Deloitte, Flipkart, PeopleStrong, Sony Pictures, Samsung, Aditya Birla Group, L&T, GAIL, ONGC, Michael Page, Cadila Pharmaceuticals. The top sectors for recruitment were finance, operations, strategy and consulting, IT analytics, sales, and marketing.
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