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How is the life at IIM Ranchi? Is it worth taking admission here?
I asked my friend about his campus life experience at IIM Ranchi. He shared with me his elaborate experience. Some aspects include
Placement: The placement scenarios at IIM Ranchi have been great for the past few years. It boasts of 100% placement percentage. The statistics are as follows
|
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 |
Infrastructure: The temporary campus does not restrict the students from availing world-class facilities. The hostels offer single-room occupancy and amazing views. The campus has 24/7 Wi-Fi facilities. Other amenities include a library, a computer room, a cafeteria, a tuck shop, and a medical room that is open 24/7.
Faculty: The professors are experienced, learned and humble. They adopt effective teaching methodologies that enhance our perspective of the course. In addition, the live projects and industrial surveys give a practical approach to theoretical knowledge. It makes them ready to face the industry and the real world.
Miscellaneous: Various annual events like Agon, Rush and Radix give the students ample opportunities to enhance their extracurricular skills.
So Yes, it is completely worth taking admission here.
What will be a good SAT score to get into IIM Ranchi with decent academics?
The admissions to the IPM Program are based on SAT / IPMAT Scores. The Expected Cutoff for IPM via IPMAT is 265 / 300. SAT Expected Cutoff for IPM Admission 2023 is as follows:
|
Category |
SAT Cutoff |
|
General |
1350 |
|
Other Backward Classes (OBC) |
1050 |
|
Emotionally Weaker Sections (EWS) |
1030 |
|
Scheduled Caste (SC) |
930 |
|
Scheduled Tribes (ST) |
930 |
|
Differently Abled (DAP) |
800 |
Is it worth choosing IIM Ranchi, Trichy for MBA in terms of placement and future scope?
Yes, you can easily choose IIM Ranchi or Trichy based on their placement statistics because the placement scenarios at both IIMs seem promising despite the lack of infrastructure and campus facilities. In many cases, Trichy and Ranchi have exchanged leads outside the ABC and LIK worlds. All can be overcome if you are taught by the best professors.
Elaborating further, IIM Trichy seems better than Ranchi or Rohtak to me. The reason being the superior teaching methods and its favorable location both for students as well as recruiters. Apart from Trichy, other IIMs are also doing fairly well compared to non-CAT MBA institutes. These are doing well with the help of sponsor IIMs which arrange faculty and placements. These in turn select their own Directors and invest in the infrastructure required in another 3–4 years as Trichy and Ranch have already done.
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 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.
Why is IIM Ranchi considered the best among all the new IIMs?
- Good faculty
- Better placements
- Strong alumni base
- Inflated CTCs
In fact all the new IIMs are developing and in a decade or two they might be at level with Kozhikode or Lucknow if not A B or C.
Now what sets IIM Ranchi apart from the other new IIMS is its HRM degree in addition to a PGP degree. This tactic has helped Ranchi gain alumni in the HR sector. These alumni prefer their own institutes for placements. Many other B Schools like XLRI and MDI have implemented this strategy to climb the ladder quicker than others.
Generally, IIM Trichy, IIM Udaipur, and IIM Ranchi are of the same level but this strategy has somewhat differentiated Ranchi from the newer IIMs.
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 percentile required to join IIM Ranchi?
The admission process for the flagship course of IIM Ranchi is done through CAP (Common Admission Process), which is conducted by IIM Rohtak for 9 IIMs.
IIM Ranchi has released the admission policy and selection criteria for its flagship MBA course. The qualifying CAT cut-off for the batch of 2022-24 is 93 percentile as per IIM CAP criteria. IIM Ranchi CAT Cutoff usually remains around the 92 Percentile. For the past 2 years the CAT Cutoff was 94 Percentile but this year it has been reduced.
However, the final shortlisting depends upon many parameters such as
- Your academic scores
- Work experience
- Personal Interview
- Written Ability Score.
If you are shortlisted and do well in WAT and PI, you can surely get admission in IIM Ranchi.
IIM Ranchi also has a PGDHRM course, for which it conducts its separate admission rounds, so you can apply for that as well.
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.
Which IIM should I prefer out of IIM Udaipur, IIM Trichy, and IIM Ranchi?
I think that Udaipur is one of the most underrated IIMs. To elaborate on this point let me enlighten you with some amazing facts about it
- IIM Udaipur is the youngest B-school in the world to rank in the top 100 FT(Financial Times) Masters in Management ranking globally.
- It ranks better than IIM Indore
- It is ranked along with IIM Indore in the 101+ category in the World QS Ranking
- IIM Udaipur is the youngest B-school in India to get AACSB Accreditation.
- IIM Udaipur is ranked 4th in Research in India in the research ranking by UT Dallas and has overtaken Calcutta which is in the 5th position
In reality IIM Udaipur is an IIM that has an extensive research culture. The rankings are a reflection of how quickly it has climbed the ladder. It is due to its high-quality research that many excellent permanent faculty has become a part of IIM Udaipur. This does not make it the best IIM but still, it is heading toward becoming the best.
Another major attraction of this institute is its impartial nature in every aspect be it placements or admissions. The students are not deceived at any point at all.
The placement statistics are seeing a gradual improvement over the past few years.
|
Particulars |
Placement Statistics |
|
Placement Percentage |
100% |
|
Batch size |
315 |
|
Number of Recruiters |
184 |
|
Highest CTC |
INR 35.96 LPA |
|
Average CTC |
INR 19.5 LPA |
|
Top Recruiters |
American Express, Asian Paints, PwC |
These figures are expected to rise in the coming years. All this makes IIM Udaipur a good choice.
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