The placement season at IIM Ranchi is very competitive. In the 2023 placement season, the institute achieved a placement record of 98.7% for the graduating batch of MBA students.
IIM Ranchi has a very good placement record. The institute has a strong industry connect, offers a variety of training programs, and has a number of other initiatives that support student placement. If you are looking for a good management college with strong placement prospects, then IIM Ranchi is a good option
These companies offered a variety of job opportunities to IIM Ranchi students, including marketing, finance, consulting, and operations roles.
Factors for strong placement
- IIM Ranchi has a strong placement record. In the 2023 placement season, the institute achieved a placement record of 98.7% for the graduating batch of MBA students.
- Over 300 companies participated in the placement process, with an average CTC of INR 18.11 lakhs per annum (LPA).
- The highest CTC offered was INR 60 lakhs per annum by McKinsey & Company.
Placement Process of IIM Ranchi
- Pre-Placement Talks (PPTs): Before the official placement process begins, companies often conduct Pre-Placement Talks (PPTs) on campus. During these sessions, company representatives introduce their organization, job profiles, work culture, and other relevant information to the students.
- Registration: Students interested in participating in the placement process usually register with the institute’s placement cell. This registration allows them to receive information about companies and job profiles.
- Resume Submission: Registered students typically submit their updated resumes to the placement cell. These resumes are shared with companies to facilitate the selection process.
- Job Postings: Companies provide job descriptions, profiles, and other relevant information to the placement cell. This information is then shared with students, who can express their interest in specific roles.
- Shortlisting: Companies shortlist candidates based on various factors such as resumes, academic performance, and sometimes additional rounds like online tests or group discussions.
- Interview Rounds: Shortlisted candidates go through various rounds of interviews, including technical interviews that assess their subject knowledge and problem-solving skills. HR interviews evaluate their personality, communication skills, and fit for the role.
- Offer Letters: Successful candidates receive offer letters from companies. These letters include details about the job role, compensation package, location, and other terms of employment.
- Acceptance and Joining: Candidates who receive offers can choose to accept or decline them based on their preferences. Those who accept offers will then join the respective companies as per the agreed-upon schedule.
- Internship Opportunities: Many students at IIM Ranchi undergo summer internships as part of their curriculum. Internships provide practical exposure, industry experience, and a platform for companies to assess potential future employees.
- Placement Committee: IIM Ranchi’s placement cell plays a pivotal role in coordinating the placement process, liaising with companies, and providing support to both students and recruiters.
Top Recruiters at IIM Ranchi
Placement of IIM Ranchi
| Particulars | Statistics (2022) | Statistics (2023) |
|---|---|---|
| Total students | 399 | 399 |
| Companies participated | 260 | 300 |
| Offers made | 272 | 376 |
| Placement percentage | 92.50% | 98.70% |
Packages of IIM Ranchi
| Branch | Highest package (LPA) | Average package (LPA) | Lowest package (LPA) |
|---|---|---|---|
| Management | 67 LPA | 17.3 LPA | 8 LPA |
| Finance | 60 LPA | 17 LPA | 8 LPA |
| Marketing | 55 LPA | 16.5 LPA | 8 LPA |
| Human Resources | 45 LPA | 15 LPA | 8 LPA |
| Operations | 40 LPA | 14 LPA | 8 LPA |
| Analytics | 35 LPA | 13 LPA | 8 LPA |
Frequently Asked Questions
IIM Ranchi, or the Indian Institute of Management Ranchi, is one of the premier management institutes in India, offering various management programs.
IIM Ranchi is located in Ranchi, the capital city of Jharkhand, India.
IIM Ranchi offers a range of management programs including the Post Graduate Diploma in Management (PGDM), Executive programs, Fellow Program in Management (FPM), and more.
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