If we talk about the brand value and worth of these two IIMs I don’t think there are many dissimilarities. The difference between the two is some personal level factors like
Campus: IIM Ranchi has no permanent campus and this is one of the major shortcomings of this institute. IIM Raipur on the other hand has a vast 200-acre campus. It is decked with world-class facilities and will give you the feeling of staying at a hotel.
Placements: IIM Raipur has better placements than IIM Ranchi and for many, this is a major deciding factor. The table below compares the placement statistics of the two IIMs.
|
Particulars |
IIM Raipur |
IIM Ranchi |
|
Highest CTC |
INR 42.15 LPA |
INR 32.21 LPA |
|
Average CTC |
INR 17.73 LPA |
INR 16.17 LPA |
|
Median CTC |
INR 16.95 LPA |
INR 15.50 LPA |
|
Top Recruiters |
Accenture, Airtel, IBM, Swiggy |
Deloitte, Aditya Birla Group, Infosys, EY, IBM |
Since the brand value of the 2 institutes is almost the same you can choose on the basis of the above factors.
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 |
When it comes to choosing a business school, the competition is fierce and the options can be overwhelming. Three institutes that are considered to be among the top in the country are the Vinod Gupta School of Management (VGSOM) at IIT Kharagpur, the Indian Institute of Management (IIM) Ranchi, and the Narsee Monjee Institute of Management Studies (NMIMS).
If you are interested in an operations profile, then VGSOM is a great choice. It is considered to be one of the best institutes in the country for operations specialization, after NITIE. Additionally, the return on investment (ROI) is high. IIM Ranchi, on the other hand, may have a lower average package compared to the other two institutes, but it has the prestige of the IIM tag and a decent profile. The hostels are also fabulous, with single rooms available for students.
NMIMS is considered to be more costly and the batch strength is over 500 students. The top 150-200 students get superb packages and roles that are at par with other top B-schools, however, the next lot of students may have a lot of start-ups, etc. If you want to play safe, VGSOM or IIM Ranchi might be the best option.
However, if you are willing to take a risk, NMIMS might be a good choice as the profiles there are really good. It's ultimately up to you to decide which institute aligns best with your career goals and objectives. Rest assured, whichever institute you choose, you will be choosing a great institution as all three are among the top institutes in the country.
IIM Udaipur and IIM Ranchi both offer solid MBA programs, but when it comes to fees and ROI, IIM Udaipur may not be the smartest financial choice. With a total fee of 22 lakhs and an average package of 19.5 lakhs, the return doesn’t seem great, especially considering the active social life that could lead to extra expenses. Scholarships at IIM Udaipur are mainly for reserved categories, making it tough for general candidates, while IIM Ranchi has been noted for better placement records and a more promising return on investment. If you’re looking for a stronger brand with potentially better placements and value for money, IIM Ranchi might be the way to go.
The facilities at IIM Ranchi for the Executive Post Graduate Programme (EPGP) are quite impressive. The campus is newly built with modern classrooms that are air-conditioned and equipped with the latest technology. The library is spacious, offering a vast collection of books and resources. Additionally, there are various clubs and committees that keep the student life vibrant. The hostel facilities are also good; we get single rooms and the mess provides decent food. Overall, the environment is conducive to both learning and personal development.
Joining IIM Ranchi for the MBA program was definitely worth it for me. The curriculum is designed to give you a solid foundation in various business aspects and is pretty industry-relevant. I found the faculty to be very supportive and knowledgeable, which made understanding complex concepts much easier. Plus, the placement opportunities are fantastic; I got a summer internship that paid me around 1 lakh per month. Overall, the experience has been enriching, and I feel confident about my career prospects after this course.
If you believe that trying again will get you into a better institute, then go for it. But if not, focus on making the most out of your time at IIM R. I'll leave you with some inspiring words from Ghalib. Go ahead and make your decision without wondering "What if." Best of luck!
A fresher needs to be dedicated and put in significant effort to secure a good placement at IIM Ranchi. The rigorous MBA program equips us with essential skills, but staying active in clubs and committees also enhances our profile. I remember that the placement committee provided us with regular updates and practice sessions before the companies came for recruitment. With leading firms like HSBC and Samsung visiting, it’s vital to prepare well for the interviews and group discussions. Overall, staying on top of things and being involved can significantly impact placement outcomes.
Before diving into this question, I want to mention that I'm currently a PGDM student at IIM Ranchi. I believe those of us who are actually experiencing life here are best suited to talk about its value.
When we discuss whether something is worth it, it's pretty subjective. What's valuable to one might not be the same for someone else.
Talking about IIM Ranchi, it's the 9th in the IIM family and is growing super fast among the newer ones. The courses and academic challenges are on par with the older IIMs. Our classmates are as talented as those in any top B-school in India. Many of our professors have taught in the older IIMs, so their experience is solid. There's a lot happening year-round with student-led activities, giving everyone a chance to explore interests beyond academics. We also have top-notch sports facilities at the National Games Sports Complex. While we don't have a permanent campus yet, our hostel facilities are fantastic. We've been consistently excelling in both corporate and B-school competitions.
IIM Ranchi provides everything a top B-school does, plus you get the lifelong IIM brand, which is significant since most of us might not pursue further degrees.
To support my views, look at how T.I.M.E and Career Launcher rank B-schools in India. IIM Ranchi is the only new IIM to earn an AAA+ from T.I.M.E, alongside older IIMs like IIM I, IIM K, and IIM S, among others. Plus, Career Launcher places us in Cluster 2 with some of the older IIMs like IIM L, IIM I, and IIM K.
IIM Ranchi is definitely worth considering. Join us, and you'll be part of a lifelong brand!
Hey there! Let me give you a quick glimpse into life at IIM Ranchi.
Hostel Life:
We stay at the National Sports Housing Complex, which was used for the 2011 National Games in Ranchi. The place is stunning! Each of us gets our own room, and most have an attached bathroom or a balcony. The bathrooms have geysers because we need them almost all year round, and the balconies offer a beautiful view of the greenery around us. We share flats with friends, making it feel like living in our own apartments, complete with cleaning services, laundry, and drinking water on various floors.
Sports Facilities:
Being IIM Ranchi students, we have access to the Khelgaon Sports Complex. It's just a couple of minutes from our hostels and is perfect for preparing for inter-college competitions or hosting our own events.
Food:
Getting food is easy. We can order from tuck shops on campus until midnight and from the Night Canteen after that.
College Events:
We don't have a permanent campus, so our events like Radix, the Business Conclave, and TEDxIIMRanchi take place at top hotels in the city. It's a bit more work but loads of fun. Our institute has partnerships with all the top hotels and restaurants in town for any event, whether for college, clubs, or personal occasions.
Classroom Facilities:
The college building is right in the city, so everything you need, like groceries or clothes, is within 3 km. If you're not into mess food, you can grab a quick meal at nearby restaurants during breaks. The hostels and college are in different places, but buses run whenever needed. The bus ride, about 30 minutes, is perfect for catching up on readings or case studies before classes.
Trips and Breaks:
Ranchi's location is great for weekend escapes after busy weeks. There are plenty of waterfalls and dams to explore, with easy transportation. Since the hostel isn't in the city center, buses run to the city on weekends for shopping and fun, so no need for cabs or bikes. We also use the Khelgaon Community Hall for weekend hangouts and parties.
Living without a permanent campus has its challenges, but we all work together to create amazing memories!