IIM Ranchi Placements 2024: Average Package: INR 18.69 LPA & Highest Package: INR 37.8 LPA

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IIM Ranchi Placements 2024: Average Package: INR 18.69 LPA & Highest Package: INR 37.8 LPA

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Written By Collegedunia Team 

IIM Ranchi Final Placements 2024 is concluded. According to the media reports, IIM Ranchi highest package increased by 56.56%, reaching INR 37.8 LPA, while the average package increased by 16.5%, recorded at INR 18.69 LPA. A total of 76 recruiters took part in the placement drive and offered 41 PPOs. Deloitte, Capgemini, Amazon, JP Morgan Chase & Co., Cognizant, Genpact, IBM were some of the top recruiters at IIM Ranchi placement drive. 

IIM Ranchi Summer Internship Placements 2025 final report was also released. IIM Ranchi highest stipend stood at INR 3 Lakhs per month whereas IIM Ranchi average stipend stood at INR 1.25 lakhs for the MBA batch, INR 1.49 lakhs for the MBA HR batch & INR 1.38 lakhs for the MBA BA batch. IIM Ranchi median stipend increased by 71.43%, reaching INR 1 lakhs for the batch of 2025.

IIM Ranchi Placements 2024

IIM Ranchi Placements 2024 Report

Particulars Placements Statistics (2024)
Number of Recruiters 76
Number of PPOs 41
Highest Package INR 37.8 LPA
Average Package INR 18.69 LPA
Top 10% Average Package INR 29.20 LPA
Top 25% Average Package INR 24.55 LPA
Top 80% Average Package INR 19.80 LPA
Median Package INR 18 LPA
Top Sector BFSI & Fintech
Top Recruiters Deloitte, Capgemini, Amazon, JP Morgan Chase & Co., Cognizant, Genpact, IBM

IIM Ranchi Placements Year Wise Comparison

Particulars Placements Statistics (2023) Placements Statistics (2022)
Number of Recruiters 124 77
Number of Students 399 253
Highest Package (International) INR 67 LPA -
Highest Package (Domestic) INR 35.5 LPA INR 32.21 LPA
Average Package INR 17.3 LPA INR 16.17 LPA
Median Package INR 16.5 LPA INR 15.50 LPA
Top 10% Average Salary INR 30 LPA INR 25.16 LPA
Top 25% Average Salary INR 24 LPA INR 22.02 LPA
Top Recruiters Microsoft, JP Morgan Chase & Co., Capgemini, Deloitte, Genpact, L&T Google, Dell, Deloitte, Amazon, Wipro, Cognizant, Capgemini

The below table shows the top IIMs Placement comparison:

IIMs Highest Package Average Package Median Package Number of Students
IIM Rohtak INR 48.25 LPA INR 19.27 LPA INR 17 LPA 226
IIM Trichy INR 41.61 LPA INR 20.55 LPA INR 19.50 LPA 246
IIM Raipur INR 67.60 LPA INR 21.04 LPA INR 20 LPA 255
IIM Kashipur INR 37 LPA INR 18.11 LPA INR 17.2 LPA 319
IIM Udaipur INR 46.77 LPA INR 20.09 LPA INR 18.53 LPA 301

IIM Ranchi Average Package 2024

During the 2024 placement drive, IIM Ranchi average package stood at INR 18.69 LPA. The below table shows the average package statistics of IIM Ranchi:

Placement Year Average Package
2024 INR 18.69 LPA
2023 INR 17.3 LPA
2022 INR 16.17 LPA
2021 INR 14.69 LPA
2020 INR 15.11 LPA

IIM Ranchi Highest Package 2024

The below table shows the year-wise highest packages of IIM Ranchi Placements:

Placement Year Highest Package
2024 INR 37.8 LPA
2023 INR 67 LPA
2022 INR 32.21 LPA
2021 INR 26.50 LPA
2020 INR 59.36 LPA

IIM Ranchi Placements 2023 Sector Wise Analysis

As per the information collected by Collegedunia, IIM Ranchi highest package of INR 67 LPA was offered by Tolaram Group. A total of 59 companies made offers in the placement drive of 2023 at IIM Ranchi: The following table represents the sector wise analysis for the batch 2023 at IIM Ranchi:

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

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IIM Ranchi BFSI Sector Placements 2023

The following table represents the BFSI Sector placements for the batch 2023 at IIM Ranchi:

Company CTC
American Express INR 22 LPA 
Angel One INR 18-20 LPA
Axis Bank INR 14-15 LPA
Bandhan Bank INR 14 LPA
Citibank INR 18 LPA
Crisil INR 13-15 LPA
EXL INR 28 LPA
HDFC Bank INR 13 LPA
HSBC INR 16 - 18 LPA
ICICI Prudential INR 14 LPA
JPMC INR 14 - 27 LPA
Juspay INR 22 LPA
Nomura INR 18 LPA
Oxane INR 17 LPA
State Street INR 20 LPA
Wells Fargo INR 24 LPA
Yes Bank INR 19-24 LPA

IIM Ranchi Consulting Sector Placements 2023 

The following table represents the consulting sector placements for the batch 2023 at IIM Ranchi:

Company CTC
Accenture INR 22 - 42 LPA
BCG INR 18 LPA
Capgemini INR 12 - 13 LPA 
Cognizant INR 13.25 - 18 LPA
Deloitte INR 13 - 14 LPA
EY INR 11 - 13 LPA
Genpact INR 12-15 LPA 
LEK INR 18 - 20 LPA
Mckinsey & Company INR 16 LPA
Positive Moves INR 15 - 17 LPA
ZS Associates INR 21 LPA

IIM Ranchi FMCG Sector Placements 2023 

The following table represents the FMCG Sector placements for the batch 2023 at IIM Ranchi:

Company CTC
Asian Paints INR 16 LPA
Bajaj Electricals Ltd INR 16 LPA
Carlsberg Group INR 18-20 LPA
DFM Foods Ltd INR 20 LPA
Emami INR 18 LPA
Godrej Consumer Products INR 17-20 LPA

IIM Ranchi Automobile Sector Placements 2023

The following table represent the automobile sector placements for the batch 2023 at IIM Ranchi:

Company CTC
BMW INR 18 LPA
Hero INR 10.5 LPA
Maruti Suzuki INR 14 - 16 LPA
TVS INR 15 LPA

IIM Ranchi IT Sector Placements 2023 

The following table represents the IT Sector placements for the batch 2023 at IIM Ranchi:

Company CTC
09 Solutions INR 15 LPA
Amazon INR 15 - 18 LPA
Comviva INR 13 - 16 LPA
Elasticrun INR 15 LPA
Falabella INR 17 - 32 LPA
HCL Tech INR 11-13 LPA 
Infosys INR 16 - 20 LPA
Latentview INR 18 LPA
Microsoft NA

IIM Ranchi General Management Placements 2023

The following table represents the General Management placements for the batch 2023 at IIM Ranchi:

Company CTC
Adani INR 21-23 LPA
Aditya Birla Group INR 15-18 LPA
Airtel INR 13 LPA
DCM Shriram INR 17 LPA
Tolaram INR 67 LPA

IIM Ranchi Other Sector Placements 2023

The following table represents the other sector placements for the batch 2023 at IIM Ranchi:

Company CTC
IHX INR 16 LPA
L&T INR 12-14 LPA
Sony Pictures INR 18 - 20 LPA
TATA Steel INR 20-21 LPA
The Times Group INR 15 LPA
Ultra Tech Cement INR 13-14 LPA 
Vedanta INR 20-21 LPA

IIM Ranchi Placements 2023 Normalized Statistics

IIM Ranchi have undertaken a recalculation of Statistics, which is normalization of batch size to 250. As per 250 students, the Salary Statistics as compared to other Institutes are tabulated below:

Particulars Placements Statistics (250 Students)
Highest Package INR 67 LPA
Average Package INR 19.4 LPA
Median Package INR 18 LPA
Top 10% Average Salary INR 33.6 LPA
Top 25% Average Salary INR 26.2 LPA

IIM Ranchi Placements 2024 Course - Wise

The Course - Wise details for IIM Ranchi Placements 2024 is tabulated below:

Particulars MBA MBA - HR MBA - BA
Number of Recruiters 76 33 28
Number of PPOs 41 16 6
Number of Students 207 63 43
Highest Package INR 37.80 LPA INR 33.97 LPA INR 34.91 LPA
Average Package INR 18.69 LPA INR 18.37 LPA INR 19.13 LPA
Median Package INR 18 LPA INR 18.22 LPA INR 16.88 LPA
Top 10% Average Salary INR 29.20 LPA INR 24.45 LPA INR 33 LPA
Top 25% Average Salary INR 24.55 LPA INR 22.72 LPA INR 27.77 LPA
Top 80% Average Package INR 19.80 LPA INR 19.71 LPA INR 20.33 LPA

IIM Ranchi Placements 2024 Sector - Wise

IIM Ranchi Placements 2024 for Sector - Wise is tabulated below:

IIM Ranchi MBA Placements 2024

Sector Students Placed
BFSI & Fintech 35.7%
Manufacturing 22.2%
FMCG 11.6%
IT / ITES 14.5%
Consulting & Professional Services 3.4%
E-Commerce & Ed-Tech 6.3%
Pharma & Healthcare 1.0%
Energy Oil & Gas 0.5%
Others 4.8%

IIM Ranchi MBA - HR Placements 2024

Sector Students Placed
Manufacturing 25.8%
BFSI & Fintech 22.6%
Consulting & Professional Services 19.4%
Energy Oil & Gas 9.7%
FMCG 6.5%
IT / ITES 6.5%
E-Commerce & Ed-Tech 1.6%
Pharma & Healthcare 1.6%
Others 6.5%

IIM Ranchi MBA - BA Placements 2024

Sector Students Placed
BFSI & Fintech 32.6%
IT / ITES 23.3%
E-Commerce & Ed-Tech 14%
Manufacturing 14%
Consulting & Professional Services 9.3%
Energy Oil & Gas 2.3%
FMCG 2.3%
Pharma & Healthcare 2.3%

IIM Ranchi Placements 2024 Domain - Wise

IIM Ranchi Placements 2024 Domain - wise highest, average and median package is given below:

Particulars Strategy & Consulting Finance IT & Analytics Operations Sales & Marketing
Highest Package INR 34.91 LPA INR 37.80 LPA INR 32.50 LPA INR 25.12 LPA INR 27 LPA
Average Package INR 22.97 LPA INR 19.12 LPA INR 19.10 LPA INR 17.90 LPA INR 17.07 LPA
Median Package INR 24 LPA INR 19.95 LPA INR 18 LPA INR 17.75 LPA INR 17 LPA
Top 10% Average Package INR 34.91 LPA INR 27.26 LPA INR 26.23 LPA INR 22.19 LPA INR 21.54 LPA
Top 25% Average Package INR 34.47 LPA INR 24.61 LPA INR 24.12 LPA INR 21.55 LPA INR 20.17 LPA
Top 80% Average Package INR 24.92 LPA INR 20.52 LPA INR 19.91 LPA INR 18.57 LPA INR 17.82 LPA

IIM Ranchi Placements 2024 Top Recruiters

Top Recruiters

IIM Ranchi Summer Internship Placements 2025 Report

Particulars Internship Statistics (2023-25) Internship Statistics (2022-24) Internship Statistics (2021-23)
Number of Recruiters 85 93 165
Number of Students 231 221 399
Highest Stipend INR 3 Lakhs INR 3 Lakhs INR 3.50 Lakhs
Average Stipend INR 1.25 Lakhs INR 1.15 Lakhs INR 1 Lakhs
Median Stipend INR 1 Lakhs INR 1 Lakh INR 80 K
Top 10% Average Stipend INR 2.91 Lakhs INR 2.19 Lakhs  INR 2.54 Lakhs
Top 25% Average Stipend INR 2.43 Lakhs INR 1.92 Lakhs INR 1.93 Lakhs

IIM Ranchi Summer Internship Placements 2025 Course - Wise

IIM Ranchi Summer Internship Placements 2025 Course - wise details is tabulated below:

Particulars MBA MBA - HR MBA - BA
Number of Recruiters 85 29 38
Number of Students 231 64 49
Highest Stipend INR 3 Lakhs INR 3 Lakhs INR 3 Lakhs
Average Stipend INR 1.25 Lakhs INR 1.49 Lakhs INR 1.38 Lakhs
Median Stipend INR 1 Lakhs INR 1.20 Lakhs INR 1.20 Lakhs
Top 10% Average Stipend INR 2.91 Lakhs INR 2.91 Lakhs INR 2.96 Lakhs
Top 25% Average Stipend INR 2.43 Lakhs INR 2.54 Lakhs INR 2.63 Lakhs
Top 80% Average Stipend INR 1.46 Lakhs INR 1.68 Lakhs INR 1.61 Lakhs

IIM Ranchi Summer Internship Placements 2025 Sector - Wise

IIM Ranchi Summer Internship Placements 2025 secured the most offers from the Manufacturing (20.3%) followed by BFSI & Fintech (19.9%). The details for Sector - Wise Summer Internship is tabulated below:

Sector MBA MBA HR MBA BA
Manufacturing 20.3% 29.7% 30.6%
BFSI & Fintech 19.9% 17.2% 18.4%
IT/ITES 17.3% 21.9% 12.2%
FMCG 9.5% 6.3% 10.3%
Pharma & Healthcare 8.2% 7.8% 10.2%
Consulting & Professional Services 5.2% 10.9% 2%
E-Commerce & Ed-Tech 4.8% 4.7% 4.1%
Logistics & Supply Chain 1.7% NA 2%
Media & Entertainment 1.7% NA 6.1%
Energy Oil & Gas NA 1.6% NA
Others 11.3% 2.9% 4.1%

IIM Ranchi Summer Internship Placements 2025 Domain - Wise

The below table represents the domain-wise statistics of IIM Ranchi MBA Summer Internship Placements 2025:

Particulars Strategy & Consulting Finance IT & Analytics Operations Sales & Marketing
Highest Stipend INR 2.50 Lakhs INR 2 Lakhs INR 3 Lakhs INR 3 Lakhs INR 3 Lakhs
Average Stipend INR 1.11 Lakhs INR 1.32 Lakhs INR 1.33 Lakhs INR 1.20 Lakhs INR 1.31 Lakhs
Median Stipend INR 1.20 Lakhs INR 1.25 Lakhs INR 1 Lakhs INR 1 Lakhs INR 90 K
Top 10% Average Stipend INR 1.63 Lakhs INR 2 Lakhs INR 2.75 Lakhs INR 2.53 Lakhs INR 3 Lakhs
Top 25% Average Stipend INR 1.40 Lakhs INR 1.93 Lakhs INR 2.67 Lakhs INR 2.29 Lakhs INR 2.80 Lakhs
Top 80% Average Stipend INR 1.23 Lakhs INR 1.48 Lakhs INR 1.53 Lakhs INR 1.37 Lakhs INR 1.54 Lakhs

IIM Ranchi Alumni Network

Company Name Number of Alumni
ICICI Bank 93
Accenture 72
Cognizant 72
Tata Steel 67
Deloitte 57
Amazon 55
Capgemini 45
EY 44
JP Morgan Chase & Co. 40
Tata Motors 28
Infosys Consulting 25
IBM 24
Axis Bank 23
Maruti Suzuki India Limited 17

IIM Ranchi Placements FAQs

Ques. How are IIM Ranchi MBA Placements?

Ans. IIM Ranchi recently concluded its 2024 MBA placement drive that saw a participation of 207 students & 76 recruiters. The highest package bagged by the MBA students stood at INR 37.8 LPA & the average package stood at INR 18.69 LPA. Major recruiters included Capgemini, JP Morgan Chase & Co., Capgemini, Deloitte & many more.

Ques. What was the highest package offered during IIM Ranchi Placements 2024?

Ans. The highest package of INR 37.8 LPA was offered during IIM Ranchi Placements 2024.

Ques. How are IIM Ranchi HR Placements?

Ans. IIM Ranchi recently concluded the placement drive for its MBA HR 2022-24 batch. There is participation of 63 students & 33 recruiters. The highest, average & median package stood at INR 33.97 LPA, INR 18.37 LPA & INR 18.22 LPA respectively.

Ques. What was the average salary received during IIM Ranchi Placements 2024?

Ans. MBA students received an average package of INR 18.69 LPA & MBA HR students received an average package of INR 18.37 LPA during IIM Ranchi Placements 2024.

Ques. How many recruiters visited the campus during IIM Ranchi Placements 2024?

Ans. A total of 76 recruiters visited the campus during IIM Ranchi Placements 2024.

Ques. Who are the prominent recruiters of IIM Ranchi Placements 2024?

Ans. Prominent recruiters of IIM Ranchi Placement 2024 included Deloitte, Capgemini, Amazon, JP Morgan Chase & Co., Cognizant, Genpact, IBM etc. 

Ques. What was the highest stipend offered during IIM Ranchi Summer Internship Placements 2025? 

Ans. The highest stipend of INR 3 Lakhs per month was received during IIM Ranchi Summer Internship Placements 2025.

Ques. What was the highest stipend for MBA BA students during IIM Ranchi Summer Internship Placements 2025? 

Ans. The highest stipend for MBA BA students during the Summer Internship 2025 was INR 3 Lakhs.

Ques. What was the Gender Diversity statistics during IIM Ranchi Placements 2024?

Ans. IIM Ranchi batch 2024 had 28% Female Students and 72% Male Students.

IIM Ranchi Highest and Average Package

Highest PackageAverage Package
37.80 L
18.69 L
07.6 Lakhs15.1 Lakhs22.7 Lakhs30.2 Lakhs37.8 Lakhs

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Why To Join IIM Ranchi - Reviews & Rating

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Placement Experience:

The placements in my college are extremely good with various good brands hiring from the college. In the 1st year, the students sit for the SIP placements for the internships and generally 40% of them grab the PPOs. Now coming to the final placements, the placement season starts from August 2nd year.

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Anonymous MBA, General (Enrolled 2023) Reviewed on Mar 10, 2024
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Placement Experience:

The placement is on a rolling basis, which gives enough time for the students to prepare well for the company visiting. The committee gives 2-3 days of notice on when the company will be visiting the campus. They make sure to have sessions by alums/students who have worked or interned in the company that will be visiting so that the students are well prepared for the GD and PI. As of now the college has close the placement season with 100% batch of both 2022-24 and 2023-25. The highest package that was offered for final placement was 43LPA for a product management role and the highest stipend offered for summer internship is 1.75LPM

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Kashsish Kapoor
Kashsish Kapoor MBA, General (Enrolled 2023) Reviewed on Feb 29, 2024
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Placement Experience:

Ample number of placement opportunities are provided at IIM Ranchi with all the renowned brands, including JP Morgan & Chase, Titan, Morgan Stanley, BMW, GSK, Britannia, MTR, TATA Motors, Raymond etc, visiting the campus for both summer internships and final placements.Industry standard stipends and packages are offered by the companies. Like any other top B-school, IIM Ranchi takes pride in securing 100% placements every year. Official placement reports are available on the official website, which can be checked for further details.

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Aman Kumar
Aman Kumar MBA, General (Enrolled 2023) Reviewed on Feb 22, 2024
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Placement Experience:

Placements are good at IIM Ranchi. placements are driven by a student body called CRPC (Corporate Relations and Placement Committee). There are 2 placement seasons (summer internship and final placement). Summer placements start during 2nd term and final placement starts in 4-5 term. The number of companies visited IIM Ranchi was 110 and they made offers to all the students. There was 100 percent placement in our college. The highest package offered was 67 LPA for international and 32 LPA for domestic. The average placement was around 18 LPA. I was selected by one of the leading consulting firms and I will be working for that company in the future.

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Anonymous MBA, General (Enrolled 2021) Reviewed on Aug 3, 2023
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Placement Experience:

The placements are excellent. All major big branded companies come to the campus for summer internships as well as for final placements. The average CTC is also increasing every year. 100 percent of the students are placed every year.

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Kuldeep Singh MBA, Human Resource (Enrolled 2022) Reviewed on Apr 28, 2023
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Placement Experience:

The placement season starts around October and continues till February on some occasions. The highest domestic package offered during my tenure was 26 lakhs p.a. and the median salary was around 11-12 lakhs p.a. 100% of placements take place every year.

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Siddharth Kumar MBA, Human Resource (Enrolled 2019) Reviewed on Oct 3, 2022
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Placement Experience:

From the 3rd semester, company start visiting. Previous year 98% of students were placed. The highest is 27lpa. The lowest is 8lpa. Avg 12lpa salary offered. Flipkart, Deloitte, ey, IBM were top recruiters . 100% got an internship for which top companies were Flipkart, Deloitte, ey, ola, and Wipro. The top roles were hr consulting, recruiting, learning and development, and hr business partner. I plan to startup and be the boss of my own company.

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Pintu Das MBA, General (Enrolled 2021) Reviewed on Apr 14, 2022
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Placement Experience:

There are a total of 6 semesters in this college in the two years and students are eligible for final campus placements after completing their 3rd semester and the mandatory summer internship. Around 120+ companies visit the campus for final placements and give an average CTC of around INR 15 lakhs. The number of offers is restricted to 1 per person unless he/she has got more than 1 offer due to a clash of two companies. This can happen sometimes due to the placement being a running placement. Otherwise, it is mostly 1:1. The highest CTC is in the region of INR 30 LPA. All the students are get placed eventually unless and until you have done some grave mistake or have very low grades that companies are unwilling to give you a chance despite the placement committee's best efforts.

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Deepti Ranjan Behera MBA, Marketing (Enrolled 2020) Reviewed on Feb 11, 2022
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Placement Experience:

Our college provides placement assistance to all students. Companies start visiting the campus for the final year placements & the summer internship placement for 1st-year students around their 5th & 2nd semester respectively. More than 100 companies come & visit for the campus placement including Bain & Company, American Express, Accenture, Infosys, Airtel, and many more for the profiles of consultant, data analyst, financial analyst, business analyst, marketing manager, etc. Official figures of the average & highest package are not yet revealed for this year, but as per previous year average package was around 15 lakhs, median around 14.5 lakhs, and the highest was around 30 lakhs for final year students. For summer internships, the average stipend was around Rs. 80,000-90,000 for 2 months. The placement record for IIM Ranchi is incredible with 100% placement.

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RACHIT MAHESHWARI MBA, Business Analytics (Enrolled 2021) Reviewed on Feb 7, 2022
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Placement Experience:

We have a dedicated placement body known as the Corporate Relations and Placement Committee that handles all the placement work. The average package goes around 23-24 lakhs and the highest is around 50+ lakhs. Organizations such as McKinsey, Accenture, Tata, Bain, Deloitte, etc provide roles in sales, research, banking finance, consulting, and IT analytics. 100% placements are achieved in IIM Ranchi.

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Akash Bhardwaj MBA, Marketing (Enrolled 2021) Reviewed on Jan 21, 2022
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IIM Ranchi: 10 Answered Questions

Are placement stats of IIM Ranchi fake?

Ridhima GroverStudied at Indian Institute of Management Ranchi (Graduated 2019)

The placement statistics released by IIM Ranchi are not particularly fake but yes very exaggerated. For example, the recruiters who just recruited 2-3 students a couple of years ago are still added to the list of recruiters. This tactic is employed to show off the brands of top companies.

The CTC is calculated wrongly and also exaggerated. The same role offered by the same company to students of other B Schools is shown at IIM Ranchi to offer a CTC higher to its own students. This reality is wrong and not what the company promised. This has now come into the notice of many and IIM Ranchi Is slowly losing its reputation. The students feel cheated because many students chose Ranchi over other IIMs despite calls from them just because of its placement statistics.

One way to clear the misconception is to check the NIRF placement report. You can see from it that Ranchi lies below Trichy and even Udaipur. So do your part of research before finally choosing IIM Ranchi.

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Is it worth choosing IIM Ranchi, Trichy for MBA in terms of placement and future scope?

Rohini Mishra
Shravan KumarPGDM from Indian Institute of Management, Tiruchirappalli, Tamil Nadu, India (Graduated 2018)

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.

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What is the placement scenario at VGSoM (IIT Kharagpur) when compared with new IIMs like Ranchi, Raipur, Kashipur, Trichy, Udaipur, and Rhotak?

SagardeepStudied Marketing at Indian Institute of Management, Tiruchirappalli, Tamil Nadu, India

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.

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How good are the placements in IIM Ranchi?

Harleen SethiStudent Mentor at Catking

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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Is MBA in HRM a good option in terms of academics and placements from the new IIMS? I have heard that only IIM Ranchi is good for HRM.

Shrishti AroraMBA aspirant

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.

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Are placements at IIM Ranchi at par with IIM Indore, IIM Kozhikode or IIM Shillong seeing the placement report which mention similar average salary?

Pranjal Singhal
Trisha DuttGrade 12 from Sri Chaitanya Educational Institutions (Graduated 2021)

IIM Ranchi has had strong placements in recent years, including for the 2022 batch. According to the placement report, MBA and MBA HR students at IIM Ranchi received an average salary of INR 16.17 lakhs per year and INR 15.63 lakhs per year, respectively. The highest salary offered was INR 32.21 lakhs per year, which is about 8.3% higher than the previous year. The placement drive attracted over 250 recruiters, including major companies such as Deloitte, Aditya Birla Group, Infosys, EY, and IBM. Students were offered various job roles including asset management, wealth management, corporate banking, and project management. 

It is worth noting that both IIM Kozhikode, IIM Shillong, and IIM Indore also have their own strengths and weaknesses. It is advisable to review their placement reports to make an informed decision.

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Who got the highest package from IIM Ranchi this year?

Harish BageshLives in Mumbai, Maharashtra, India (2000–present)

During MBA placements in 2022, IIM Ranchi saw a total of 77 companies visit the campus for recruitment. The highest and average packages offered during these placements were INR 42 LPA and INR 16.62 LPA, respectively. While there was a decrease of 39.84% in the number of total recruiters compared to the previous year, the highest package offered saw a growth of 58.49% and the average package saw a rise of 13.13%. 

Domains Highest Package Average Package Median Package Average Package of top 10% Average Package of top 25%
IT & Analytics INR 42 LPA INR 15.90 LPA INR 14.50 LPA INR 28.50 LPA INR 22.28 LPA
Finance INR 25 LPA INR 15.70 LPA INR 16 LPA INR 20.88 LPA INR 18.81 LPA
Operations INR 18 LPA INR 13.40 LPA INR 13.20 LPA INR 18 LPA INR 16.50 LPA
Sales & Marketing INR 26.12 LPA INR 16.60 LPA INR 15.61 LPA INR 24.42 LPA INR 21.66 LPA
Strategy & Consulting INR 32.21 LPA INR 17.10 LPA INR 15.50 LPA INR 26.04 LPA INR 24.56 LPA

For MBA HR placements in 2022, 21 recruiters visited the campus, and the highest and average packages offered were INR 32.21 LPA and INR 15.63 LPA, respectively.

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Why are IIM Ranchi and Raipur underrated compared to IIM Udaipur even after better placement records?

Ankita Rakshit
Swathi Kiran KumarPh.D. from Indian Institute of Management Raipur (2020)

I think the single most important reason why IIM Raipur and Ranchi are considered below IIM Udaipur is the lack of proper marketing. IIM Udaipur has managed to make its mark through enough marketing and promoting research culture. The IIMRs is also flawed in the sense that they are located in extremely poor economic states. This flaw overshadows all their features and the fact that they have better placement scenarios than IIM Udaipur.

Every IIM has set a certain goal and is gradually climbing the ladder to reach its level of excellence. The same is the case with IIMRs. In just a few years these two will be among the best IIMs in India.

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I converted both IIM Ranchi and IIM Udaipur. What are some honest opinions because both have almost comparable rankings and placement reports?

Sugandhi Sood
Ankit AvishekDirector at ReGraduate | MBA, FMS Delhi

The decision of choosing a college should be taken at an individual level. You can seek advice from others but not ask them to decide for you. Try to analyze what exactly you want from your MBA program. What is it you are seeking and how to achieve it? Once you are sure about that, college does not matter much. 

Honesty both the IIMs you mentioned give an edge to each other. Still if I would have to choose one, I would go for IIM Udaipur because of its recent success stories. IIM Udaipur has seen a rise in international rankings like QS and FT. Earlier these rankings included only the top IIMs A, B and C. IIM Udaipur has proven its worth by appearing on such international rankings. It is also the youngest B-school in the “world” to be featured in the FT MiM Rankings.

IIM Udaipur is heaven for a research enthusiast. Its premium research culture is the reason for its recent rise in rankings. As far as placement is concerned, both the colleges have similar statistics. The table below has drawn a comparison between the two.

Particulars 

IIM Udaipur 

IIM Ranchi

Placement Percentage 

100%

Batch Size

315

253

Number of students participating 

315

253

Number of recruiters 

184

77

Number of students placed

315

Highest CTC 

INR 35.96 LPA

INR 32.21 LPA

Average CTC 

INR 19.5 LPA

INR 16.17 LPA

Median CTC

INR 15.6 LPA

INR 25.16 LPA


 

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What was the Summer Internship data for IIM Ranchi?

Sapna Malik
Mansi Jain

IIM Ranchi is one of the Premier B-Schools in India. IIM Ranchi Summer Internship Placement for batch 2024 is concluded. IIM Ranchi highest stipend was recorded at INR 3 Lakhs for MBA and MBA HR and INR 2.80 Lakhs for MBA BA. The average stipend stood at INR 1.15 Lakhs for MBA, INR 1.23 Lakhs for MBA HR and INR 96.89 K for MBA BA program. The details are as follows:

Particulars Internship Statistics (2024)
MBA MBA HR MBA BA
Number of Recruiters 93 31 26
Number of Students 221 69 48
Highest Stipend INR 3,00,000 INR 3,00,000 INR 2,80,000
Average Stipend INR 1,15,662 INR 1,23,544 INR 96,895
Top 10% Average Stipend INR 2,19,665 INR 2,70,000 INR 2,25,000
Top 25% Average Stipend INR 1,92,500 INR 2,22,105 INR 1,71,615
Median Stipend INR 1,00,000 INR 1,00,000 INR 70,000
Top Domain Consulting Manufacturing BFSI
Top Recruiters Titan, JP Morgan, Deloitte, Capgemini, TresVista DE Shaw & Co., EY, Wipro, Samsung, Crisil, HSBC HDFC Bank, ICICI Bank, DCM Shriram, GATX
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IIM Ranchi Alumni Distribution by Sector

Business Development 15%
Operations 13%
Human Resources 11%
Education 11%
Sales 10%

Frequently Visited Companies

Companies
AmazonCognizantErnst & YoungFlipkart
IBMInfosysJP Morgan Chase & Co.Maruti Suzuki
Tata MotorsAccentureDeloitteGoogle
ONGCSamsungSiemensTata Steel
TVS MotorsBosch LtdCummins India LtdLatentView
KPMGCapgeminiVedantaBirlasoft

Compare Popular Colleges With IIM Ranchi

IIM Ranchi - Indian Institute of Management, Ranchi
Fees:₹1,720,000Per Yr
Anand
Institute of Rural Management - [IRMA], Anand
Fees:₹1,675,000Per Yr

IIM Ranchi Latest News


IIM Ranchi Important Dates

Written ByCollegedunia Teamon Jun 25, 2024
IIM Ranchi Important Dates


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Comments


1 Comment
H
himanshu yadav
Does IIM Ranchi have 100% placement?
S
Sweta Kumari

IIM Ranchi's 2023 placement season witnessed a 100% placement report. With 124 top recruiters participating. The highest package offered reached a remarkable INR 67 LPA (international), while the average package stood at INR 17.3 LPA. Sales & Marketing emerged as the most preferred sector , followed by Finance, IT Analytics, Strategy & Consulting, and Operations. The MBA-HR batch secured the highest package of INR 32.2 LPA. The MBA-BA batch received the highest average package of INR 22.3 LPA.IIM Ranchi Summer Internship Placements 2024 final report was also released. IIM Ranchi highest stipend stood at INR 3 Lakhs per month whereas IIM Ranchi average stipend stood at INR 1.15 lakhs for the MBA batch, INR 1.23 Lakhs for the MBA HR batch & INR 96.8K for the MBA BA batch. 


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