Remarks :
I applied for MBA via CAT (Common Admission Test) & got an interview option via the Common Admission Process (CAP). I applied for all the IITs (Indian Institute of Technology) which offered MBA & got selected for three of them: Madras, Jaipur & Dhanbad. I applied for MBA via the Economically Weaker Section (EWS) quota which is executed by the state government. If the annual family income is less than 8 lakh, one can apply for the same. The minimum percentile required was overall 90%ile & 75%ile each in all three sections. One interview is taken for all the nine new IIMs (all except Rohtak). I got selected in all NEW & BABY IIMs except Rohtak & Udaipur. In the end, I opted for Ranchi as my MBA college. The interview was taken online via ZOOM on a stipulated date. I was given a date & time for the same. I was given a date, time & link to appear for the same in formal dress & the interview happened online only. It was a generic interview but one needs to be prepared thoroughly for the same.
Course Curriculum Overview :
I chose MBA Core (Master of Business Administration in General Management) because it would give me a broader aspect of the industry. At the Indian Institute of Management Ranchi (IIM Ranchi), MBA is offered in three courses. MBA in Core, MBA in Human Resource Management (HRM), MBA in Business Analytics (BA). I got selected in all three courses but chose to select MBA in Core. The faculty to student Ratio at IIM Ranchi is approximately 1:20. Most of the teachers are PhD Scholars from various IIMs (Raipur, Kashipur, Calcutta etc.) & from IITs (Kharagpur, Roorkee, Ropar etc.) At IIM Ranchi, we follow a case study pedagogy where each and every subject is backed by some case study or the other. Whenever any new module is taught, it is backed up by a case study. Students are asked to do pre-reads about the topic & come prepared for discussion in the class. Mid-term exams were every 1.5 months and end-term exams are every three months. Exams are online proctored assessments.
Internships Opportunities :
The internship is a mandatory credit course at the Indian Institute of Management at the end of the first year & the start of the second year. Companies start visiting the college from the first month itself for recruiting students for their internship program with stipends ranging from Rs 15000/- to Rs. 45000/- per month. The internship program takes place from the month of April - June for two or three months (8-12 weeks) before the commencement of the second year of studies. Companies visiting the campus include Amul, Vodafone, Jio, Tata Elxsi, Dell, Yes Bank, JPMC, RBL, Airtel, Asian Paints, TVS Motors to name a few. The Placement Committee helps students get recruitment for their SIP (Summer Internship Program) & ensures that all the students get good offers for their SIP which may get converted into a PPI (Pre Placement Interview) or even a PPO (Pre Placement Offer) depending on internship performance. There are recruiters in the fields of Sales & Marketing, Finance, IT Analytics
Placement Experience :
The placement coordination is looked after by the students of the Indian Institute of Management Ranchi itself. We have a dedicated student body called Corporate Relations and Placement Committee which looks after the same. There are in total three batches for which placement takes place, namely Master of Business Administration Core, Master of Business Administration in Human Resource Management and Master of Business Administration in Business Analytics. The Summer Internship Placement takes place throughout the year for first-year students and throughout the year for the second year student students for Final Placements. The average Cost-to-Company is around 14.4 lakhs per annum & the median is approximately 14.3 lakhs per annum. Placement for MBA core mainly takes place in domains like Finance, Consulting, Marketing and IT Analytics. 100% placement is reached with companies like Bain, Capgemini, Tata Steel, Mahindra, KPMG, Deloitte, Adani Wilmar, Birlasoft, Aditya Birla visiting
Fees and Financial Aid :
The total cost of Master of Business Administration at Indian Institute of Management Ranchi is Rs. 17,60,000/- (Seventeen Lakh Sixty Thousand). Out of this, Rs. 21,000/- per term is for mess charges. Rs. 2,50,000/- is the tuition fees per term which include the hostel charges as well. Rs. 1,00,000/- (One lakh) is admission fees. There are merit-cum-needs based scholarships provided at IIM Ranchi for the students. Apart from that, there are opportunities to avail all kinds of regional, state-wise or national scholarships as well. Details related to any scholarship can be asked to the college administration and they will always be there to help the students out. Within the college, we have a scholarship called O P Jindal Scholarship which can be availed in both first-year & second-year. The top 5% of the batch is eligible for the same. In 1st year it is based on CAT & PI score combines, while in the second year it is based on the marks obtained in the first year
Campus Life :
The student life at the Indian Institute of Ranchi is beaming with activities and opportunities. The name of the annual fest is AGON-RUSH where multiple clubs and committees organize various events in huge numbers for students pan India. It is generally organized on weekends in February where it ought to get maximum participation. The college library is a storehouse of resources where all the books about every subject are available. The Indian Institute of Management Ranchi library has access to a huge number of online databases, research publication websites & training modules. Talking about the clubs & committees, we have in total 18 bodies completely run and controlled by the students. The official social media handles of the college are run by students and also the placement activities are taken up by students only. There are clubs for marketing, consulting, analytics, social work, finance, committees for sports, cultural, academic and others.
Interview Experience :
The exam one needs to attend for getting into INDIAN INSTITUTE OF MANAGEMENT, or rather any IIM for that matter is, Common Admission Test or CAT. It is a two or three hour-long exam conducted on computers all over India on a specific day where all questions are objective in nature. The exam has negative marking for wrong answers as well. It has three sections namely, Verbal Ability & Reading Comprehension (VARC), Logical Reasoning & Data Interpretation (LRDI) and Quantitative Ability (QA). All the sections have almost equal weightage & each has a cut-off that is required to be cleared. Generally 90&ile in each section & 95%ile overall is a good score to be eligible for any of the IIMs. After the exam, the shortlisted candidates is called for Personal Interview which is taking place in online mode due to pandemic for last two years. One needs to preparefor CAT from any of the institutes like Career Launcher, Triumphant Institute of Management Education (TIME) & IMS India to name a few.
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