If you do not have work experience, you may want to reconsider applying to IIM Ranchi as there are very few freshers in the batch. Additionally, the cutoffs for admissions at the institute are unpredictable and can vary widely. Some applicants with very high percentile scores have been rejected, while others with lower scores have been accepted.
It is also worth noting that even applicants with strong work experience and percentile scores may not always be successful in receiving a call or being shortlisted. It is difficult to predict with certainty whether or not you will be accepted to the PGDHRM program.
Many of the old and new IIMs do not place as much emphasis on HR jobs or electives as XLRI and TISS. If you took a few HR electives and graduated from an old IIM, you may still be able to secure a decent HR job. However, attending XLRI or TISS would likely be a more practical choice for someone interested in a career in HR. New IIMs, including IIM Ranchi and IIM Indore, which now offer PGP HRM programs, tend to have fewer top general management or consulting roles available and almost no great HR roles.
An MBA in HRM is generally considered most useful from XLRI, TISS, SCMHRD, XIMB, and MDI. If you are considering an MBA in HR from IIM Raipur, Udaipur, Sambalpur, Jammu, Nagpur, Bodh Gaya, Trichy, or Vizag, it may not be the best decision.
IIMs in India provide excellent education and consistently grow and adapt to challenges, even during economic downturns. 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. IIM Trichy also had a successful placements season in 2022, with the highest package offered to be INR 34 LPA, an increase of 13% compared to the previous year. One unique aspect of IIM Trichy is that it offers a course on International Business Practice, which allows students to work on live projects for companies based in Singapore and other locations.
Both IIM Ranchi and IIM Trichy are good choices for students interested in sales and marketing careers. Ultimately, the decision of which institute to attend will depend on your personal priorities and preferences.
If you are considering studying finance, it is not recommended to do so solely for the purpose of earning a high salary. Students who have graduated from newer Indian Institute of Management (IIM) programs, including the one in Ranchi, have reportedly obtained jobs with salaries ranging from 9-20 lakhs per year, with a median of around 10 lakhs per year. However, it is important to genuinely enjoy the field of study rather than just being attracted to it for financial reasons.
It is also worth noting that as you progress in your career, you may eventually take on managerial responsibilities regardless of your field of study. If you are unsure about your interest in finance, you may want to try taking an introductory course on Coursera to see if it is something you truly enjoy.
Let’s discuss some major factors that make IIM Ranchi’s PGDM program a good one.
Hostel: IIM Ranchi has its hostel located in a very serene area. It provides single occupancy rooms to all its students with facilities like a geyser, laundry, library, and cafeteria.
Placements: The placement opportunities at IIM Ranchi are incredibly good. It boasts of 100% placement percentage. I will let the statistics do the talking
Particulars |
Statistics |
Number of Recruiters |
250+ |
Number of Students |
325 |
Highest Salary |
INR 32.21 LPA |
Average Salary |
INR 16.17 LPA |
Top Recruiters |
Deloitte, Aditya Birla Group, Infosys, EY, IBM |
Major Sectors |
IT/ITES, Consulting, BFSI |
Industry Exposure: The guest lectures conducted by industry experts offer great exposure to its students.
Academics: The curriculum and courses offered are spectacular and enhance your knowledge to a great extent.
National Stadium: The sports freaks can avail the state-of-the-art facilities at the National stadium, Khelgaon Sports Complex, which is a 2 minutes distance from the hostels.
So the PGDM program offered at IIM Ranchi is a pretty good one.
Without even elaborating I can confidently say that IIM Ranchi is a better option of the two. MBA requires more practical than theoretical knowledge. To let you choose your domain based on your Management skills, IIM Ranchi has more to offer than the relatively new IIFT K. You can explore domains like Finance and Accounting here with the surety of better placement opportunities. This will help you figure out what is good for you and what isn’t.
IIFT K is new and offers some great options like specialization in Banking which in turn can help you choose your dream company.
However, if you are looking for a foreign job then it’s IIM Ranchi that will help you reach your goal.
To decide between IIM Ranchi's PGDM HR program and the Great Lakes PGPM program, consider the following questions:
If your answer to the first question is "Yes" and your answer to the second question is "No," you should consider IIM Ranchi's PGDM HR program. If your answer to the first question is "No" and your answer to the second question is "Yes," you should consider Great Lakes PGPM.
If both answers are "Yes," you should reconsider whether you really want to change careers after 3 years of work experience. If you still want to pursue HR, IIM Ranchi's PGDM HR program would be a good option. If both answers are "No," you should consider Great Lakes PGPM, as it has a better return on investment due to its shorter duration.
Many of my students attend IIM programs in Shillong, Ranchi, and Raipur each year. While the placement outcomes at IIM Shillong and Ranchi are similar, the campus at IIM Shillong is more attractive and students at IIM Ranchi must spend an hour commuting to classes every day.
Additionally, the lack of a campus at IIM Ranchi may limit the ability to participate in a vibrant social scene. Therefore, IIM Shillong may be a better choice for those who value the campus learning experience.