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.
Table of Content
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 |
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 |
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 |
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 |
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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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 |
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 |
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 |
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 |
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 |
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 |
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 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 |
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 for Sector - Wise is tabulated below:
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% |
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% |
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 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 |
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 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 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% |
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 |
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 |
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.
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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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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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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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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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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 |
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 |
Companies | |||
---|---|---|---|
Amazon | Cognizant | Ernst & Young | Flipkart |
IBM | Infosys | JP Morgan Chase & Co. | Maruti Suzuki |
Tata Motors | Accenture | Deloitte | |
ONGC | Samsung | Siemens | Tata Steel |
TVS Motors | Bosch Ltd | Cummins India Ltd | LatentView |
KPMG | Capgemini | Vedanta | Birlasoft |
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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.