IIM Ranchi - Indian Institute of Management, Ranchi
About IIM Ranchi
IIM Ranchi was the 9th IIM established in 2009 initially mentored by IIM Calcutta and is ranked 24th by the NIRF 2023. IIM Ranchi is known for its flagship MBA program, which offers admission through CAT. IIM Ranchi also offers an IPM program through the IPMAT exam. The IIM Ranchi IPMAT cutoff is around 187, and the CAT cutoff is 94 percentile for general candidates.
IIM Ranchi MBA fees is INR 17.5 lakhs. The institute has concluded its placement drive for the batch of 2024. IIM Ranchi highest package stood at INR 37.8 LPA for the 2024 batch, while the average package remained at INR 18.69 LPA.
At IIM Ranchi, for the 2023-25 batch, a total of 1,51,272 general category candidates selected IIM Ranchi as their CAT preference, of which 9543 were shortlisted for WAT-PI.
Table of Content
IIM Ranchi Highlights
| Particulars | Statistics |
|---|---|
| Year of Establishment | 2009 |
| Campus Size | 60 acres |
| Students Intake | 338 - 400 |
| MBA Fees | INR 17,50,000 |
| NIRF Ranking 2023 | 24 |
| Number of Courses | 15 |
| Total Faculty | 62 |
| Highest Package (2024) | INR 37.8 LPA |
| Top Recruiting Sector | BFSI & Fintech |
| Top Recruiters | Deloitte, Capgemini, Amazon, Cognizant |
IIM Ranchi Important Dates 2025
| MBA/ MBA-HR/ MBA-BA | |
|---|---|
| Last date for CAP Application | January 31, 2025 (Tentative) |
| Personal Interview - Phase 1 for CAP 2025 | February 15 - 20, 2025 (Tentative) |
| Personal Interview - Phase 2 for CAP 2025 | February 22 - 27, 2025 (Tentative) |
| Personal Interview - Phase 3 for CAP 2025 | March 8 - 15, 2025 (Tentative) |
| Submission of Confirmation of Interest | March, 2025 |
| Final Admission Offer | May 10, 2025 (Tentative) |
| Session Commencement | July, 2025 |
| Read More | |
| IPM | |
|---|---|
| IPM Registration Last date | April 30, 2024 |
| IPMAT Registration | February 14, 2024 - April 01, 2024 |
| IPMAT Admit Card Available | First Week of May 2024 (Tentative) |
| IPMAT Exam 2024 | May 23, 2024 |
| IPMAT Exam 2024 Result | June 07, 2024 |
| IPM PI Shortlist | June 25, 2024 |
| IPM PI New Delhi | July 17, 2024 (Tentative) |
| IPM PI Hyderabad | July 19, 2024 (Tentative) |
| IPM PI Bangalore | July 21, 2024 (Tentative) |
| IPM PI Mumbai | July 23, 2024 (Tentative) |
| IPM PI Ranchi | July 25, 2024 (Tentative) |
| Read More | |
IIM Ranchi Fees
IIM Ranchi MBA fees is INR 17.5 Lakhs which is comparatively lower as compared to other IIMs and top B-Schools in the country.
| Courses | Fees |
|---|---|
| MBA/ MBA-HR/ MBA-BA | INR 17,50,000 (2-years) |
| EMBA | INR 12,50,000 (2-years) |
| IPM | INR 15,93,000 (for first 3 years) |
IIM Ranchi Courses
IIM Ranchi offers around 15+ courses in various areas of management. The details about the IIM Ranchi courses are mentioned below:
| Courses | Program Details |
|---|---|
| MBA/ MBA-HR/ MBA-BA | Eligibility: Bachelor’s Degree with 50% Marks Selection Criteria: CAT + Personal Interview through CAP |
| EMBA | Eligibility: Bachelor's Degree + 3 Years of Work Experience Selection Criteria: Personal Interview |
| IPM | Eligibility: 10+2 with 60% marks Selection Criteria: IPMAT + Personal Interview |
IIM Ranchi Admission 2025
Here's a step-by-step guide for the IIM Ranchi Admission process for MBA program the 2025-27 batch:
| Admission Stage | Description |
|---|---|
| Application Process | Interested candidates will have to fill out the CAT application form and apply to IIM Ranchi in the same form. |
| CAT Exam | The applicants will have to appear for the CAT Exam. |
| Shortlist for PI | The applicants will be shortlisted for PI based on the CAT cut-off. |
| PI Process through CAP | The personal interview would be conducted virtually through CAP. |
| Final Selection | The final selection of the candidates will be done based on the CAT score, PI score, and profile of the candidate. |
IIM Ranchi Results
The following data represents the admission stats for the MBA batch of 2023-25:
| Category | Students who selected IIM Ranchi in CAT Application | No. of Students Shortlisted for WAT PI | Composite Cutoff for Admission Offer |
|---|---|---|---|
| General | 151272 | 9543 | 75.14 |
| EWS | 9465 | 2393 | 71.95 |
| NC - OBC | 36967 | 6104 | 70.44 |
| SC | 18357 | 3946 | 61.64 |
| ST | 5162 | 1183 | 51.19 |
| PWDMN | 951 | 306 | NA |
IIM Ranchi Admission Stories
| Name | Graduation Score | Work Experience | CAT Percentile |
|---|---|---|---|
| IIM Ranchi Admission Story Pragati Verma | 80.5 | Fresher | 85.5% |
| IIM Ranchi Admission Story Kaushal Verma | 6.61 | Jagaran Microfin, 2 Years - Seeking Funds from Banks and FIs. | 90.17% |
IIM Ranchi Batch Profile 2022-24
- The batch of 2022-24 had 221 students in MBA, 69 students in MBA-HR, and 48 students in MBA-BA.
- There were around 28% of the female students.
- 52.8% of the batch had a prior work experience in reputer organizations in Accenture, Amazon, American Express, Bajal Auto, Deloitte, EY, Congnizant, etc.
IIM Ranchi Cut-off 2024
IIM Ranchi considers CAT cutoff for MBA admission and IPMAT cutoff for IPM admission. The cutoff for the both the courses are mentioned in the sections below.
IIM Ranchi IPM Cutoff 2024
The candidates are shortlisted for the IPM program based on their performance in the IPMAT. This year, the IPM shortlist criteria was 50% for Quants MCQ Marks + Quants Short Answer and 50% for Verbal Ability. The cutoff for the general category was 93 percentile. The cutoff of all the categorues are as follows:
| Category | IPMAT Cutoff |
|---|---|
| General | 93 |
| EWS | 77.5 |
| NC-OBC | 65 |
| SC | 49 |
| ST | 30 |
| DAP (PwD) | 11.5 |
IIM Ranchi MBA Cutoff 2024
IIM Ranchi Cut-off is 94 percentile overall and 73 percentile for sectional. IIM Ranchi shortlisted the candidates for the PI, solely based on the CAT performance. The CAT cut-off for IIM Ranchi for all the categories is mentioned below:
| Categories | Overall Percentile | QA Percentile | DILR Percentile | VARC Percentile |
|---|---|---|---|---|
| General | 94 | 73 | 73 | 73 |
| EWS | 77 | 50 | 50 | 50 |
| NC-OBC | 77 | 50 | 50 | 50 |
| SC | 60 | 44 | 44 | 44 |
| ST | 40 | 30 | 25 | 25 |
| DAP | 40 | 30 | 25 | 25 |
IIM Ranchi Placements 2024
IIM Ranchi placements 2024 is concluded. IIM Ranchi highest package offered was INR 37.8 LPA.
| Particulars | Placements Statistics (2024) |
|---|---|
| Number of Recruiters | 76 |
| Number of PPOs | 41 |
| Highest Package | INR 37.8 LPA |
| Average Package | INR 18.69 LPA |
| Median Package | INR 18 LPA |
| Top Sector | BFSI & Fintech |
| Top Recruiters | Deloitte, JP Morgan Chase & Co., Cognizant, Genpact, IBM |
IIM Ranchi placement package of the last four year are mentioned in the table below:
| Year | Highest Package | Average Package |
|---|---|---|
| 2023 | INR 67 LPA | INR 17.3 LPA |
| 2022 | INR 32.21 LPA | INR 16.17 LPA |
| 2021 | INR 26.50 LPA | INR 14.69 LPA |
| 2020 | INR 59.36 LPA | INR 15.11 LPA |
IIM Ranchi Recruitment
| Recruitment (Sector) | CTC Range |
|---|---|
| BFSI | INR 13 - 28 LPA |
| Consulting | INR 11 - 42 LPA |
| FMCG | INR 16 - 20 LPA |
| Automobile | INR 10.5 - 18 LPA |
| IT | INR 11 - 32 LPA |
| General Management | INR 13 - 67 LPA |
| Others | INR 12 - 21 LPA |
IIM Ranchi Ranking
IIM Ranchi has been ranked 24th by NIRF 2023 among the top management institutes in India. The following table represents the IIM Ranchi Ranking:
| Ranking Body | Year | Category | Rank |
|---|---|---|---|
| NIRF | 2023 | Management | 24 |
| IIRF | 2024 | Best Govt. B-School | 15 |
| IIRF | 2023 | Best Govt. B-School | 19 |
IIM Ranchi Vs IIM Rohtak Vs IIM Raipur
| Particulars | IIM Ranchi | IIM Rohtak | IIM Raipur |
|---|---|---|---|
| NIRF 2023 Ranking | 24 | 12 | 1 |
| Established Year | 2009 | 2009 | 2010 |
| Campus Area | 60 acres | 200 acres | 200 acres |
| MBA Batch Size | 250 | 350 | 328 |
| Admission Process | CAT + PI | CAT + PI | CAT + PI |
| CAT Cut-off | 94 percentile overall | 96 percentile overall | 94 percentile overall |
| MBA Fees | INR 17,50,000 | INR 17,90,000 | INR 18,00,000 |
| Curriculum | Minimum 110.5 credits and maximum 119.5 credits for two years | 22.25 credits in the first year and 50.25 credits in the second year. | - |
| Highest CTC | INR 37.8 LPA | INR 48.25 LPA | INR 67.60 LPA |
| Average CTC | INR 18.69 LPA | INR 19.27 LPA | INR 21.04 LPA |
Life at IIM Ranchi
Life at IIM Ranchi is busy and hectic with lectures, assignments, presentations, and projects. The IIM Ranchi new campus is located at Naya Sarai in a serene location. The campus is equipped with state-of-art infrastructure and includes 20 spacious classrooms, a 650-seat auditorium, video conferencing facilities and three hostels with accommodation for 1,000 students.
The hostel campus is situated away from the city in a peaceful location. The students are allotted individual rooms with attached bathrooms. The campus also has a cafeteria and snacks bar that stays open all night. IIM Ranchi hostel fees is around INR 2.46 Lakhs.
IIM Ranchi FAQs
Ques. What is the fee for IIM Ranchi
Ans. IIM Ranchi MBA fee is INR 17,50,000 for 2 years which includes all the charges like the tuition fees, hostel fees, acceptance fees, caution deposit, and alumni fees.
Ques. What percentile is required to get into IIM Ranchi?
Ans. IIM Ranchi CAT cut-off for admission into an MBA program is 94 percentile. The cut-off is the same for MBA-HR and MBA-BA.
Ques. How are the placements in IIM Ranchi?
Ans. In the 2024 placement drive, the highest package witnessed was INR 37.80 LPA. The average package for top 25 percentile was INR 24.55 LPA.
Ques. Is IIM Ranchi good for MBA HR?
Ans. IIM Ranchi had 33 recruiters for MBA in HR with the highest offer being 33.97 LPA, also IIM Ranchi is mostly known for its HR Course.
Ques. What are the courses taught at IIM Ranchi?
Ans. IIM Ranchi offers around 15+ courses that include MBA, Integrated MBA, Executive MBA, PhD, Executive PhD, and certificate courses.
Ques. How is the hostel life in IIM Ranchi?
Ans. The hostel campus is situated away from the city in a peaceful location. The students are allotted individual rooms with attached bathrooms. The campus has a cafeteria and snack bar that stay open all night. Students can enroll themselves in the Khelgaon sports complex, to use all the sports facilities.
Ques. What is the average salary after IIM Ranchi?
Ans. The average salary of IIM Ranchi in the 2024 placement drive was INR 18.69 LPA.
Ques. Can I join IIM Ranchi after 12th?
Ans. Yes, one can apply to IIM Ranchi for the IPM program after completion of class 12th. It is an integrated course in management that accepts students after completion of class 12th only.
Ques. Can I join IIM Ranchi without CAT?
Ans. No, IIM Ranchi requires CAT scores to select the students for MBA admissions. The CAT scores are used to prepare the first shortlist of candidates to invite them for personal interview.
Ques. What is the NIRF ranking for IIM Ranchi?
Ans. For MBA the NIRF 2023 ranking for IIM Ranchi is 24th in India out of 100 management institutes.
Ques. What was the highest offered at IIM Ranchi?
Ans. The highest salary offered last year in 2022 at IIM Ranchi was 32.21 LPA and in 2023 the highest international offer was INR 67 LPA. The highest salary offered to batch 2024 was INR 37.80 LPA.
Ques. How is IIM Ranchi for MBA?
Ans. IIM Ranchi is among the best for MBA. It holds a national rank of 24 on NIRF 2023 among 100 colleges.
Ques. Can I choose to live in private accommodation rather than institution-provided hostels?
Ans: No, it is compulsory for the students to stay in the accommodations provided by IIM Ranchi.
Ques. What are the eligibility criteria for getting into IIM Ranchi?
Ans. The eligibility criteria for IIM Ranchi is a bachelor’s degree in any field, with a minimum of 60% aggregate marks.
Ques. Does IIM Ranchi have an International Student Exchange program?
Ans. Yes, IIM Ranchi does have an International Exchange program. It has a tie-up with institutions like Ural Federal University(Russia), Woosong University(Korea), Alba Graduate Business School(Greece), and many others.
Ques. Does IIM Ranchi have doctoral programs?
Ans. Yes, IIM Ranchi does have doctoral programs, with specializations in:-
- Accounting & Finance
- Economics
- General Management -Business Law, Business Ethics, Regulatory Environment & Business Communication
- Information Systems & Business Analytics
- Marketing Management
- Organizational Behavior & Human Resource Management
- Operations Management
- Strategic Management
Ques. Does IIM Ranchi have an executive MBA program?
Ans. Yes, IIM Ranchi does have an executive MBA program for applicants having a minimum of 5 years of full-time work/professional/entrepreneurial experience.
Ques. What are the fees for an executive MBA at IIM Ranchi?
Ans. The fee for IIM Ranchi Executive MBA is INR 12,50,000 for 2 years.
Ques. Does IIM Ranchi offer an undergraduate program as well?
Ans. Yes, IIM Ranchi does offer an undergraduate program though it is a blended 5-year integrated MBA and at the end of the program the student will be awarded an MBA degree.
Ques. Does IIM Ranchi has clubs and committees?
Ans. Yes, there are many clubs in IIM Ranchi, some of them are
- E-Cell Club
- Ellipsis, the Literary club
- Conundrum, the consulting club
- DIGITALYTICS Club
- Finopsis Club
- HR Club
- Marquess Club
- Polynomics
- Samarpan Club
- Sankriya Club
Ques. What is the fee structure for IPM at IIM Ranchi?
Ans. The IPM program charges INR 15,93,000 for the first 3 years of the program and in the last two years, the students have to pay the MBA fees which are INR 17,50,000.
Ques. What are the reviews of the PGPHR Program at IIM Ranchi?
Ans. IIM Ranchi is one of the newer IIMs set up in the year 2009 and since then has continuously moved up in terms of ranking and placements. The PGDHRM program especially has gained immense popularity over the last few years. It ranks in the top 6 HR programs in India as per many ranking agencies like NIRF.
Ques. Can I get admission to IIM Ranchi if I clear the CAT cut-off?
Ans. No, meeting just the cutoff does not guarantee admission to IIM Ranchi. Aspirants must also clear the WAT and GD PI rounds for admission.
Ques. What is the cut-off for IIM Ranchi IPM?
Ans. IIM Ranchi has not released the minimum cutoff requirement for the IPM program. However, the expected cutoff for IPM admission via IPMAT is 265/300.
Ques. Is SAT necessary for admission into the IPM program at IIM Ranchi?
Ans. SAT was considered by IIM Ranchi for IPM admission, but from 2023 admissions the SAT scores won’t be considered. Only IPMAT scores will be considered for IPM admission.
Ques. What is the ROI of IIM Ranchi?
Ans. IIM Ranchi MBA fees is INR 17.5 Lakhs whereas the average package for the batch 2024 stood at INR 18.69 LPA. So the ROI is positive.
Ques. Do 10th and 12th marks matter for admission into IIM Ranchi?
Ans. Yes, 10th and 12th marks are necessary for getting shortlisted in IIM Ranchi. The 10th and 12th scores are considered to prepare the final merit list for MBA.
Ques. Does PhD students of IIM Ranchi receive stipend?
Ans. Yes, the PhD students at IIM Ranchi receive stipend of INR 35,000 for the first 2 years and INR 40,000 after qualifying the comprehensive examination at the end of the second year.
Ques. Is it easy to get into IIM Ranchi?
Ans. As per IIM Ranchi cutoff 2023, candidates belonging to the General category are needed to secure 94 overall percentile and for EWS and NC-OBC category, the overall IIM Ranchi cutoffs are 77. For the Scheduled caste category, the sectional cutoff is 44 percentile and overall is 60.
Ques. Who can apply to PhD program at IIM Ranchi?
Ans. Anyone who fulfill the following eligibility criteria are eligible to apply for PhD at IIM Ranchi:
- Master’s degree or Postgraduate diploma with first class
- 4-year Bachelor’s degree with 6.5 CGPA
- B.Com with CA/ ICWA/ CS certification with 55% marks
Ques. What financial support does IIM Ranchi provide to its PhD students?
Ans. IIM Ranchi provides financial assistance for 4 years, which includes the following:
- The tuition fee for the PhD students is waived off for the entire program.
- The accommodations are free at the campus.
- They get a stipend of INR 35,000 for first 2 years and the stipend increases to INR 40,000 after qualifying the comprehensive examination at the end of the second year.
- Then there is contingency allowance of INR 1,00,000 and INR 50,000 for purchase of computer and software.
- Conference Grant for first four years and Financial support in presenting papers in 4 Domestic and 1 International Conference.
Ques. What is CPGM Program at IIM Ranchi?
Ans. CPGM is a certificate course in General Management, that can be pursued by anyone who holds a bachelor’s degree and 2 years of work experience.
Ques, What is the fee structure of IIM ranchi MBA program?
Ans. The total fee for the MBA program is NR 17,50,000 which includes the following charges:
- Acceptance fee - INR 1,10,000
- Tution Fee - INR 14,90,000
- Hostel Charges - INR 1,20,000
- Caution Deposit - INR 20,000
- Alumni Fee - INR 10,000
Ques. Is IIM Ranchi Worth Joining?
Ans.Academics, Projects and Placements: It has a plethora of courses to offer to the students every year. The college offers live project opportunities to the students which provide them real-time experience and apply what they have learned to real-world scenarios and work within real constraints of resources, people factors and other organizational constraints.
Faculty: IIM Ranchi has a unique portfolio of faculty model that accommodates a mix of accomplished resident faculty and visiting faculty from top b-schools like IIM A, IIM C and FMS.
Ques. What are the hostel charges at IIM Ranchi?
Ans. Hostel charges of INR 1.2 Lakhs which is 20,000 per term is charged from students.
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IIM Ranchi Fees & Eligibility
| Course | Fees | Eligibility | Application Date | Action |
|---|---|---|---|---|
MBA 3 Courses | ₹17.2 Lakhs (Total Fees) | Graduation | 2 Aug - 23 Apr 2024 | |
Certification 3 Courses | ₹3 Lakhs - 4 Lakhs (Total Fees) | Graduation | - | |
| IPM | ₹32.83 Lakhs (Total Fees) | 10+2 | 2 Aug - 23 Apr 2024 | |
| EMBA | ₹12.7 Lakhs (Total Fees) | Graduation | - | |
| MDP | ₹37,000 (Total Fees) | Graduation | - |
| Course | Fees | Eligibility | Application Date | Action |
|---|---|---|---|---|
EMBA 1 Course | ₹80,000 (Total Fees) | Graduation | - | |
| Ph.D Executive | ₹3.5 Lakhs (1st Year Fees) | Post Graduation | 20 Mar 2024 |
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Courses Offered By IIM Ranchi 2024
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IIM Ranchi Upcoming Application Dates 2024
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
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IIM Ranchi Rankings 2024
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IIM Ranchi Scholarship 2024
Scholarship provided by the college.
IIM Ranchi has been recognised as the 9th IIM and among the best B-Schools in India. IIM Ranchi offers various scholarship programmes under various Departments and Ministries of Government of India.
Have a look at some of the financial assistance programmes applicable in IIM Ranchi offered by the Government of India.
IIM Ranchi Scholarships
| Name of Scholarship | Scholarship Amount (in INR) |
|---|---|
| National Fellowship and Scholarship for Higher Education of ST Students | 31,000 |
| Merit-cum means based Scholarship Scheme belonging to the Minority Communities | 20,000 |
| Central Sector Scholarship Scheme of Top Class Education for SC Students | N.A. |
| Scheme of Scholarship for Top Class Education for Students with Disabilities. | Up to 2 lakhs per year |
| Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education | 12,000 (Graduation Level) 20,000 (Post Graduation Level) |
For more details click here IIM Ranchi Courses and Fees
- National Fellowship and Scholarship for Higher Education of ST Students- Ministry of Tribal Affairs
- These scholarships provide financial support to ST students to pursue higher degree courses like MPhil, Ph.D or integrated M.Phil + Ph. D.
- A minimum aggregate of 55% marks at PG level from a recognised university is required to be eligible for National Fellowship Scholarships.
- Students eligible for IIM Ranchi Scholarships are selected on a merit-basis.
- There is no minimum Income criteria for students eligible under the National Fellowship Programmes.
- The maximum age should be 36 years, as on the first day of July of the relevant year of the award of scholarship.
- Scholarship Seats:- 750
Check for more details IIM Ranchi IPM
- National Fellowship- Amount of scholarship
| Course | Stream | Scholarship (in INR) | Contingency Annually (in INR) |
|---|---|---|---|
| M.Phil |
Humanities and Social Sciences | 31,000 /- | 10,000 /- |
| Science / Engineering Technology | 12,000 /- | ||
| Ph. D | Humanities and Social Sciences | Rs.31000/- for first two years and Rs.35000/- for remaining 3 years | 20,500 /- |
| Science / Engineering Technology | 25,000 /- | ||
| HRA for all the courses (monthly): Equal to UGC rates [8% or 16% or 24% based on city* | |||
| Escort Allowance for Divyanjan (monthly): INR 2000/- (at par with UGC rates)* | |||
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- Merit-cum means based scholarship scheme belonging to the Minority Communities
- The Merit-cum means based Scholarships assist financial support to the poor and meritorious students belonging to minority communities to pursue professional and technical courses.
- Students should possess an aggregate of more than 50% marks (or equivalent grade in the previous final examination).
- The annual income of a student’s parents/guardians from all sources should not exceed INR 2.50 lakhs.
- Students from minorities sections are eligible to apply for IIM Ranchi Scholarships under Minorities like Muslims, Sikhs, Christians, Buddhists, Jain and Zoroastrians (Parsis) under Section 2 (c) of the National Commission for Minorities Act, 1992.
- Scholarship Seats:- 60,000 “Fresh” + “Renewal” Scholarships.
- Merit Cum Means Scholarship- Reimbursement Amount
| Item | Existing Amount |
|---|---|
| Course Fee | INR 20,000/- per annum (for both Hosteller & Day-Scholar) |
| Maintenance Allowance | INR 1,000/-* per month (Hosteller) INR 500/-* per month(Day Scholar) |
* For 10 months in a year.
For more details click here IIM Ranchi Placements
- Central Sector Scholarship Scheme (CSSS) of Top Class Education for SC Students- Ministry of Social Justice and Empowerment
- CSS Scheme provides financial support to meritorious students from SC background willing to pursue degree programs.
- Students should have an annual family income up to INR 4.5 lakh per annum to be eligible for CSS Scholarship.
- As reimbursement, this scholarship covers major finances like tuition fees, non refundable charges, lodging & boarding charges, books & stationery charges and cost of IT equipment for the first year.
- Eligible students can apply through NSP Portal i.e. https://scholarships.gov.in when the scholarships are being activated.
For more details click here IIM Ranchi Cutoff
- Scheme of Scholarship for Top Class Education for Students with Disabilities
- Students with disabilities (SwD) pursuing a graduate/ postgraduate program in a recognised institute are eligible for this scholarship.
- Students with a gross family income less than INR 6,00,000/- per annum, are eligible to apply for the scholarship.
- Total scholarship seats available under the stated scheme is 300.
- Scholarship Amount
| Components of Scholarship | Rates per Awardee |
|---|---|
| Reimbursement of tuition fee and non-refundable charges | Up to INR 2.00 lakh - per annum |
| Maintenance Allowance | INR 3,000 /- per month for hostellers, INR 1,500/- per month for day-scho |
| Special Allowances (related to types of disabilities like reader allowance, escort allowance, helper allowance etc.) |
INR 2,000 per month |
| Books and Stationary | INR 5,000 /- per annum |
| Reimbursement of expenses- Purchase of a computer with accessories |
INR 30,000/- as a one-time grant for the entire course. |
| Reimbursement of expenses- Purchase of Aids and Assistive Devices including necessary software related to the particular disability |
INR 30,000/- as a one-time grant for the entire course. |
For more details click here IIM Ranchi Admissions 2024
- Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education
- A component scheme known as the Central Sector Scheme of Scholarships for College and University Students (PM-USP CSSS)
- Students with gross parental / family income up to Rs. 4.5 lakh per annum are eligible for scholarship under the scheme.
- Students scoring at least 50% marks in the Final Examination and maintaining at least 75% attendance shall be eligible for renewal of scholarship in their next year.
- Scholarship Amount:-
| Qualification | Scholarship Amount (in INR) |
|---|---|
| Graduation | 12,000 |
| Postgraduate | 20,000 |
| Integrated Courses (5 years) | 20,000 in 4th and 5th year |
- For more details of all National Level Scholarships students can go through the National Scholarship Portal by Government of India- www.scholarships.gov.in
For more details click here IIM Ranchi Reviews
IIM Ranchi Scholarships FAQs
Ques. What are the types of scholarships offered by IIM Ranchi ?
Ans. There are various scholarships offered by the Government of India available for students at IIM Ranchi under SC/ ST, SwD (Students with Disabilities) etc.
Ques. What is the scholarship amount for SwDs at IIM Ranchi Scholarships?
Ans. The Scheme of Scholarship for Top Class Education for Students with Disabilities offers up to INR 2 lakhs as course fee reimbursement. There are additional costs like maintenance (INR 3,000) and equipment costs, special allowances (INR 2,000) and so on.
Ques. How to apply for scholarships at IIM Ranchi?
Ans. Most of the scholarships offered by the Government of India at IIM Ranchi are available online and students can apply through the official NSP portal.
Ques. Are there any sort of Prime Minister’s Scholarship Scheme for students at IIM Ranchi?
Ans. The Government of India offers Pradhan Mantri Uchchatar Shiksha Protsahan Yojana i.e. PM- USP CSSS Scheme to students pursuing graduation or post graduation degree programs.
Ques. What is the minimum family income criteria to be eligible for IIM Ranchi Scholarships?
Ans. Scholarships like Central Sector Scholarship Scheme of Top Class Education and others require a family income not exceeding INR 4,50,000/- per year. Similarly Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education requires students to have family income less than INR 4.5 lakhs per annum to be eligible for these scholarships.
Ques. What are the benefits and best scholarships available at IIM Ranchi?
Ans. Scholarships are available for students to allow them uninterrupted learning and pursue degree programs with sufficient finance. Some scholarships popular at IIM Ranchi include Central Sector Scheme Scholarships for ST, Scholarships for students with disabilities, PM Uchchatar Shiksha Protsahan Yojana etc.
IIM Ranchi: 19 Answered Questions
Is IIM Ranchi worth joining?
Yes, IIM Ranchi is indeed worth risking your career for. It’s one of the best B-schools out there that has a plethora of facilities that most top institutes offer. My cousin decided to join IIM Ranchi because of the following features
Curriculum: IIM Ranchi offers a variety of electives in various fields. Moreover, the live project opportunities help the students gain practical experience. They are able to use the classroom concepts in the real world within real constraints of resources, people factors, and other organizational constraints.
Placements: IIM Ranchi has excellent placement opportunities. The statistics for this year are
|
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 |
Faculty: The faculty at IIM Ranchi is a rich blend of resident faculty and visiting faculty from top b-schools like IIM A, IIM C and FMS. They are very experienced, and humble and implement joint learning techniques, engage students in experiences, and emphasize higher-order cognitive activities in the classroom.
Research: The research culture at Ranchi is very prominent. In fact, certain courses aim solely at developing outstanding scholars for research careers at business schools/universities or careers in Government NGOs that require advanced analytical and research capabilities.
Location: Location-wise IIM Ranchi is superior owing to the Birsa Munda airport which is located at a distance of 11 km from the college.
Accommodation: IIM Ranchi provides single-occupancy rooms for accommodation. The hostel is located in National Sports Housing Complex. It has
- Attached bathrooms and balcony
- Drinking water
- Automatic washing machine
- A cafeteria as well as a restaurant
All these facilities make IIM Ranchi among the best of the new IIMs. T.I.M.E. has ranked it AAAA+ along with older IIMs like IIM I, IIMK, IIM S and a few other top B-schools in the country.
How much percentile is required to get a call from IIM Ranchi PGDHRM for a general category?
IIM Ranchi cutoff 2024 will be as per the CAP 2024. The CAP 2024 cutoff has increased from the previous year and this year the overall cutoff is 94 percentile and the sectional cutoff is 73 percentile for PI shortlisting.
IIM Ranchi cutoff 2024 for PGDHRM program for all the categories are as follows:
| Category | Overall | VARC | DILR | QA |
|---|---|---|---|---|
| GEN | 94 | 73 | 73 | 73 |
| EWS | 77 | 50 | 50 | 50 |
| NC-OBC | 77 | 50 | 50 | 50 |
| SC | 60 | 44 | 44 | 44 |
| ST | 40 | 25 | 25 | 25 |
| DAP | 40 | 25 | 25 | 25 |
Last year in 2023, the overall cutoff was 92 percentile. The cutoff data for last year is as follows:
| Category | Cutoff for WAT-PI Shortlist | Composite Score Cutoff for Admission Offer | Highest Composite Score for Admission Offer |
|---|---|---|---|
| GEN | 92 | 75.146 | 95.55 |
| EWS | 70 | 71.956 | 90.52 |
| NC-OBC | 74 | 70.446 | 89.78 |
| SC | 54 | 61.64 | 84.85 |
| ST | 40 | 51.196 | 81.14 |
| PwD | 40 | NA | 82.51 |
Does an IIM tag from a newer IIM (say IIM Ranchi) help in a person's career?
The question is too general. Yet I will share my own opinion.
Indeed, IIM Ranchi has the potential to help you clear the obstacles in your career and climb the success ladder. It’s the following aspects of IIM Ranchi that make it a good option to uplift your career
IIM Tag: In this era of tough competition, it’s the IIM tag that helps you avail the finest benefits after an MBA.
Growth: All the news IIMs focus on the general development of its students at large. Unlike older IIMs you can initiate committees and clubs that have never been established before. You can take the reins and enforce student culture at your college.
Long-term benefits: While joining a new institute one should definitely look at the bigger picture. After all, once even IIM Ahmedabad was a new IIM but today it has its own legacy. The same will happen with all the other new IIMs so you shouldn’t lose this opportunity just for short-term benefits.
Placements: We are quick to judge colleges based on its placement statistics. In reality, Management is a field in which lifetime value is considered not salary. Yet if you base your decision on placements this year's 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 |
These packages may seem lower than those offered at older IIMs but with excellent work, you can climb the ladder gradually.
Curriculum: The pedagogy is as good as any other top B School. You can gain a lot of knowledge just by attending the lectures conducted by the learned faculty alone.
Some points that might be important to consider against your decision to join IIM Ranchi are
- The infrastructure is not at par with other IIMs
- The distance between the campus and accommodation is very much.
- You will be offered lower packages as compared to older IIMs
However, I don’t think these points can overshadow the plethora of opportunities IIM Ranchi offers.
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.
How is IIM Ranchi MBA finance?
Since you are curious about finance only, I will try to answer your question based on the Finance domain only. To elaborate let’s consider the following merits and demerits
Merits
- Placements: IIM Ranchi is a new IIM so you cannot get front-end IB roles right off the bat. Yet it offers many roles that can be your stepping stones into the finance world. It does not offer front roles in IB, PE, VC, and bulge bracket equity research. One cannot expect such roles in the near future. But the fact is all these roles are available at the top IIMs only to the cream students. So if your profile is the same, changing the institute won’t matter. Many reputed Investment Banks offer middle office roles like Private credit, Debt capital firms, and Outsourced financial research firms. These roles can kick start your career in finance if not grant you a high-paying job.
- Faculty: The finance faculty is just average here and only those who are really motivated and determined can survive. Some even quit finance in the second year due to the same reason. The teaching quality is diverse and some may find it not at par with their expectations.
- Crowd: Most of the students opt for Finance as one of their majors in the second year. Additionally, a team even won the CFA RC India competition and represented India in the Asia Pacific finals. So the crowd is diverse and of premium quality.
- CFA: The CFA Certification aims at enhancing finance knowledge and placements at large. The class lectures combined with the theoretical knowledge of CFA will make it very easy for you to understand Finance in depth.
Demerits:
- Lack of major front-end role opportunities
- Tools like Bloomerang are not much common in the curriculum
- The relatively new courses in Finance like PE/VC, alternative investments, REITs, SPACs, IPO financing, and M&A are not given enough focus.
- The teaching faculty needs to be improved
All in all I think IIM Ranchi is a decent choice for Finance and in the years to come will have improved a lot.
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.
What are the CAT score cut odds for IIM Ranchi PGDHRM?
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.
How good is IIM Ranchi's PGDM programme?
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.
Is it worthwhile to pursue an MBA from IIT Bombay, IIM Trichy or IIM Ranchi?
My brother was in a similar dilemma as he wondered if spending high fees and 2 years of his life at a new IIM was even worth it. But eventually, he joined it and today he is glad he took the decision. Some major reasons for his satisfaction are
- The amazing exposure he could experience through Corporate Competitions, Live Projects, and Guest Lectures.
- Interacting with industry experts and top-notch visiting faculties from throughout the country.
- The innumerable student activities like Management fest, AGON & Sports and Cultural fest, and RUSH made it possible for the students to promote their talents at the National level.
- Some of the best Clubs and Committees that improve your organizational as well as extracurricular skills.
So yes, joining IIM Ranchi for an MBA is worth every rupee and every second you spend.
IIM Ranchi Facilities
You can check here to see what types of facilities IIM Ranchi provides.
IIM Ranchi Faculty
Basic Information about the Faculty of IIM Ranchi
IIM Ranchi College Details
Basic Information About the Colleges
Ranchi - 834008
Jharkhand, India
What’s Nearby
IIM Ranchi Latest News
IIM Ranchi Conducts Rush-A-Thon: A run for social causes
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