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

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.

How is IIM Ranchi MBA finance?

Since you are curious about finance only, I will try to answer your question based on the Finance domain only. To elaborate let’s consider the following merits and demerits Merits Placements: IIM Ranchi is a new IIM so you cannot get front-end IB roles right off the bat. Yet it offers many roles that can be your stepping stones into the finance world. It does not offer front roles in IB, PE, VC, and bulge bracket equity research. One cannot expect such roles in the near future. But the fact is all these roles are available at the top IIMs only to the cream students. So if your profile is the same, changing the institute won’t matter. Many reputed Investment Banks offer middle office roles like Private credit, Debt capital firms, and Outsourced financial research firms. These roles can kick start your career in finance if not grant you a high-paying job. Faculty: The finance faculty is just average here and only those who are really motivated and determined can survive. Some even quit finance in the second year due to the same reason. The teaching quality is diverse and some may find it not at par with their expectations. Crowd: Most of the students opt for Finance as one of their majors in the second year. Additionally, a team even won the CFA RC India competition and represented India in the Asia Pacific finals. So the crowd is diverse and of premium quality. CFA: The CFA Certification aims at enhancing finance knowledge and placements at large. The class lectures combined with the theoretical knowledge of CFA will make it very easy for you to understand Finance in depth. Demerits: Lack of major front-end role opportunities Tools like Bloomerang are not much common in the curriculum The relatively new courses in Finance like PE/VC, alternative investments, REITs, SPACs, IPO financing, and M&A are not given enough focus. The teaching faculty needs to be improved All in all I think IIM Ranchi is a decent choice for Finance and in the years to come will have improved a lot.

Is it worthwhile to pursue an MBA from IIT Bombay, IIM Trichy or IIM Ranchi?

My brother was in a similar dilemma as he wondered if spending high fees and 2 years of his life at a new IIM was even worth it. But eventually, he joined it and today he is glad he took the decision. Some major reasons for his satisfaction are The amazing exposure he could experience through Corporate Competitions, Live Projects, and Guest Lectures. Interacting with industry experts and top-notch visiting faculties from throughout the country. The innumerable student activities like Management fest, AGON & Sports and Cultural fest, and RUSH made it possible for the students to promote their talents at the National level. Some of the best Clubs and Committees that improve your organizational as well as extracurricular skills. So yes, joining IIM Ranchi for an MBA is worth every rupee and every second you spend.

Are New IIMs (Trichy, Udaipur, Ranchi, Rohtak, Raipur, Kashipur) good for MBA in Finance? If not suggest some B-schools. Really interested in investment banking.

Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult. Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is IIM Trichy > IIM Udaipur > IIM Ranchi There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.

After a B.Tech from an IIT, should one go for an MBA from IIT Bombay / Delhi or from newer IIMs like Kozhikode or Ranchi?

The answer to your question is objectively based solely on your inclinations. IITs might offer a better ROIthan IIMs. But had I been in your place I would have gone for the newer IIMs like Kozhikode or IIM Ranchi which is one of the fastest-growing IIMs. The reasons for taking this decision would have been Better opportunities in finance, marketing, and consulting domains. Better placement opportunities Better industry exposure The prestige of being a part of the IIM alumni network The IIM tag All these points make IIM a more tempting choice. Yet if you are tight on budget and just want to go for the Operations domain IIT will do fine for you.

Is it worth for IIM Ranchi MBA graduate with 3 year of previous work-ex in IT to join mu sigma as apprentice leader trainee?

No, I certainly will not suggest that you go for MU Sigma as an apprentice leader trainee. There are many better options like joining a structured, organized company with a decent work ambiance. These aspects are missing in MU Sigma which has a weird business model. The business model is based on the concept ‘Throw them in water, they will learn to swim”. That is if they are made to face hardships they will end up learning the skill to survive. In reality, this has caused relentless suffering to the professionals, the managers, and most importantly the clients. Everybody is clueless and no proper targets are allotted. So I am completely against you joining MU Sigma.

How do you rate getting an MBA from a new IIM like IIM Ranchi or IIM Trichy? Should one wait a year and try getting into better B schools instead?

IIM Ranchi's MBA placement drive for 2022 saw 77 companies visit the campus for recruitment. The highest and average packages offered during this placement drive were INR 42 LPA and INR 16.62 LPA, respectively. IIM Trichy's final placement report for 2022 showed that the institute attracted over 110 industry giants who offered a variety of job roles in Sales & Marketing, Finance, Consulting, IT & Analytics, Operations, and HR. The highest and average packages offered during this placement drive were INR 34 LPA and INR 17.01 LPA, respectively. There are several ways to compare the quality of MBA programs at new IIMs such as IIM Ranchi and IIM Trichy. One method is to look at student performance and perception as reflected in B-school surveys. You can also try finding information about the experiences of graduates from these institutes. Another way to gauge the quality of an MBA program is to look at the performance of students in competitions, such as recruitment challenges, quizzes, paper presentations, and management fests. While these events can provide insight into student abilities, they may not necessarily reflect the capabilities of the faculty at a given institute. To get a better understanding of the faculty of an MBA program, you may want to consider the learning approach of the program. A good MBA program will have faculty members who have both studied the subject area extensively and have practical experience in the field. You can also look at the clubs and events related to marketing at the institute, as well as any visiting faculty, guest lectures, workshops, or training that have been held in the last one to two years. A reputable institute should make this information publicly available.

Which one is better for an MBA consultancy with 6 years of IT experience: IIM Ranchi or IIM Trichy?

IIM Trichy is an institute that has demonstrated significant improvement in recent years and is focused on becoming one of the top 5 IIMs. It has a strong connection with industry, which is further strengthened by the presence of its Chennai Centre, which directly connects with industries across India. The institute also receives close mentorship from IIM Bangalore, allowing students to receive lectures from the best professors at both IIM Bangalore and IIM Calicut. In terms of placements, IIM Trichy has consistently performed well. The MBA (PGPM) 2020-2022 batch achieved 100% placement, with a 15% increase in the average salary, which rose to INR 17.01 LPA from INR 14.85 LPA the previous year. The final placement report for 2022 showed that over 110 industry giants offered a variety of job roles in fields such as sales and marketing, finance, consulting, IT and analytics, operations, and HR. The highest package offered during this placement drive was INR 34 LPA.

Is joining new IIMs (Ranchi, Trichy, Udaipur) worth it? How will be the career growth after an MBA from new ones?

The career growth offered by the new IIMs is difficult to analyze as they haven’t been established for long. One cannot infer their worth easily as its alumni are yet to establish themselves in the corporate world. It will take a few more years to determine the growth of CEO alums career-wise. If you are concerned about the general job prospects, try going through the placement reports of these IIMs. You will get a general idea of the packages and roles offered. To know if the new IIMs are worth going for, you need to check what you are expecting from these B Schools. If you are looking for basic learning and a small push to kickstart your career, the new IIMs will benefit you. But if you are on the lookout for high ROI, the new IIMs may or may not satisfy your expectations.

What is going to be a better option among the following B schools - VGSOM, new IIMs (Ranchi, Trichy, Raipur), or NMIMS?

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.

What are the facilities available at IIM Ranchi Hostels?

The facilities available at IIM Ranchi Hostels include stable Wi-Fi connection, mess and canteen facilities, common rooms, security embedded softwares at entrance and so on.

What are the fees structure for IIM Ranchi Hostels including mess?

The overall fees structure for IIM Ranchi Hostels is INR 1,20,000 to INR 2,46,000. The hostels charges include 20,000 per term i.e. INR 60,000 per year and mess charges include INR 63,000 per year.

Are there housekeeping staff facilities at IIM Ranchi Hostels?

Yes, a dedicated housekeeping staff is available at IIM Ranchi Hostels to help students in their daily routine like laundry and ironing, cleaning of rooms etc.

Are there separate hostels for boys and girls at IIM Ranchi?

Yes, there are separate hostels for girls and boys in IIM Ranchi Hostels. The hostels are equally equipped with the same set of facilities within.

How is the security system at IIM Ranchi Hostels?

IIM Ranchi Hostels are equipped with VIP security systems in support from the Government of Jharkhand. No one is allowed to hostel premises without credentials provided to authorized people in the institute.

How many hours is the Canteen working at IIM Ranchi Hostels?

The canteen at IIM Ranchi Hostels works on an average of 20 hours per day and provides consistent service to its students and faculty.

IIM Ranchi MBA : Fees 2026, Course Duration, Dates, Eligibility

Course Highlights	Details
duration	2 Years (Full Time)
course level	PG (Degree)
mode of study	On Campus
total fees	₹ 20.9 Lakhs
average package	₹ 19.29 Lakhs
eligibility	Graduation + CAT
entrance test	CAT

College	MBA Total Fees
IIM Ahmedabad	₹ 71.2 Lakhs
IIM Calcutta	₹ 27 Lakhs
IIM Mumbai	₹ 25.5 Lakhs
IIM Ranchi	₹ 19.2 Lakhs

Fee Type	Total Amount (INR)
tuition fee	₹17.8 Lakhs
caution fee*	₹20,000
other fee	₹2.9 Lakhs
total fee	₹20.9 Lakhs

Events	Dates
CAT results	Dec 24, 2025
Objection Management Window CAT 2025 [MBA/PGDM]	Dec 08, 2025 - Dec 10, 2025
CAT Exam Date	Nov 30, 2025

IIM Ranchi offers a comprehensive MBA program with a smooth admission process that includes a Group Discussion and Personal Interview. Candidates are shortlisted based on CAT scores, followed by a written test and interview. The college values diversity and has a renowned faculty that uses presentations and case studies for teaching. Guest faculty from the industry provide invaluable exposure. The fee structure is considered reasonable, with bank loans available to ease financial concerns.

Hostel accommodation is single-occupancy and valued for money. IIM Ranchi boasts a 100% placement record, with over 100 companies participating annually. For the 2018-2020 batch, 94 recruiters, including first-timers, offered roles in diverse fields like Consulting, Finance, and IT. Top recruiters include JP Morgan Chase and Amazon. The average CTC was 15.11 LPA, with the highest domestic package at 26 LPA and international at 59.36 LPA. The dedicated student placement team ensures a seamless process, backed by a strong alumni network and Entrepreneurship Cell.

The total cost for the MBA ranges from Rs. 16.3 lakh to Rs. 19 lakh, including hostel fees, with mess charges of Rs. 21,000-27,000 per trimester. Collaborations with banks like SBI and PNB provide education loans up to Rs. 40 lakh without collateral. Scholarships, including government schemes and the Merit-cum-Means scholarship, support minorities and top students. Despite a 6% annual fee increase, financial aid and robust placements make IIM Ranchi a top choice among new IIMs.

By Collegedunia’s Personal AI

Specialisation	Package	2025	2024	2023
General	Highest Package	₹50.39 Lakhs	-	-
Median Package	₹17.64 Lakhs	₹18.00 Lakhs	₹16.50 Lakhs
Average Package	₹19.29 Lakhs	-	-

Yearly Students Placed
Student Admitted	340	504	329
Students Placed	340	499	326

Why To Join IIM Ranchi - Reviews & Rating

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Shagnik Banerjee

3.9Helpful

MBA, General

Reviewed on Apr 21, 2025(Enrolled 2023)

MBA at IIM Ranchi

Fees and Financial Aid:

The fee paid per year was Rs 9,00,000. Hostel and Tuition fee were paid at once and mess fee (dependin on the vendor) on top of that. Total fees for the course amounts close to 20 lakhs. Merit-based scholarships are offerred, the details of which can be found on the college website easily. Education loans are easily available.

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College Ninja

4.9Helpful

IIM Ranchi Student Review

The total fees for the batch 2023-25 in IIM Ranchi was INR 17.2 lakh. Apart from this the total caution deposit was INR 20,000 and the Alumni fees was INR 10,000. The Hostel fees was included in the total fees and the mess fees was INR 27,000 per month. Merit cum means scholarship is also available for eligible students

Rahul Saha

4.7Helpful

Reviewed on May 25, 2024(Enrolled 2023)

IIM Ranchi | Honest Review

The college's fee structure is generally the same, with very minimal changes. The 2-year course fees are 17.5 Lakhs. The mess charges are 27000 per trimester with 5% GST. Hostel charges are included in the course fees. Merit-based scholarships are provided to students each year. The amount falls in the range of 7-10 Lakhs. There are tremendous opportunities in terms os summer internship and final placements with very good roles and in good organizations.

Sumit

Reviewed on Mar 11, 2024(Enrolled 2023)

IIM Ranchi - A campus with new perspective

Fee structure is as follows : - 1. Course fee is 17.5 Lakhs for 2 years (Including hostel fees) and addtional for food you have to pay. Total is around 20 lakhs. There are also some financial assistance for economical weaker sections of the society. In addition to that there are certain merit-cum-means scholarships available as well. There is mandatory Summer Internship program which everyone has to undergo. For final placements, the average package is around 20 lakhs.

Anonymous

Reviewed on Mar 10, 2024(Enrolled 2023)

IIM Ranchi - The life of a crow

Likes

I like the course as it offers multiple areas of development and courses.

Dislikes

I disliked the number of subjects in a term. It should be lessened out.

Generally, the fees of a college is proportional to the average package offered in placements. The fees of my college is around 19 lakhs including everything. The fees is at a moderate level I would say. There is also a Merit-cum-means scholarship policy in the college where the students are also eligible for a full refund of the fees incase they match the scholarship criteria of merit and means.

Kashsish Kapoor

4.6Helpful

Reviewed on Feb 29, 2024(Enrolled 2023)

IIM Ranchi, A place to be

the curriculum and students engagement programs makes sure no one day is same.

Our fee is1790000 which includes accomodation and academic fees. Although mess fee is 27000 per trimester which is to be paid separately. It might seem expensive at first but IIM Ranchi has a Memorandum of Understanding signed with various banks, which helps the students to avail collateral free loans at very subsidised rate of interest. Additionally, loans have a moratorium period of 1 year. In addition to that college also provides various scholarships which can be looked for on the official website of the institute. One of them is 'Means cum Merit scholarship' which acts as a fee waiver which altogether makes it quite affordable.

Aman Kumar

4.4Helpful

Reviewed on Feb 22, 2024(Enrolled 2023)

Trailblazing experience at IIM Ranchi

The tution fee for IIM Ranchi is 17,90,000 for 2 years, including hostel fees, academic fees and all other chargable components. Rupees 27000 per trimester are to be paid as mess fee. As soon as a candidate gets selected by the institute, the banking partners of the institute offer education loans to the students at very low interest rates and that too, without any collateral security, any third-party guarantee. The maximum loan amount is 40 lakhs which makes an MBA from such a prestigious institute, quite affordable. In addition to this, scholarships like Means cum Merit scholarship are provided by IIM Ranchi, waiving-off fee for the candidates who are awarded this scholarship.(Details for this and other scholarships can be checked out on the official website of the institute). The Institute provides amazing campus employment opportunities with renowned brands like Titan, JPMC, GSK, BMW, Morgan Stanley, etc visiting the campus with lucrative stipends and CTC.

4.5Helpful

Reviewed on Aug 3, 2023(Enrolled 2021)

IIM Ranchi - The Journey with the twist of life

Student Snaps:

The fee structure is similar to any 2nd gen IIM. I took a loan and my entire fees including mess food and everything was INR 1750000. There were quite a lot of opportunities for scholarships including SC/ST scholarships and IDFC bank scholarships based on need and even government-provided grants were also given. Moreover, I got into a 2-month summer internship program and earned 1 Lakh per month (The combined total for 2 months was 2 Lakh)

Reviewed on Jul 10, 2023(Enrolled 2023)

My MBA Journey

The fees are very comparable to other IIM and with the shifting to the permanent campus, it is very much worth it. The college also provides scholarships to the less fortunate thereby also making a positive impact on society.

Pintu Das

Reviewed on Apr 14, 2022(Enrolled 2021)

Review of IIM ranchi

For my MBA course, I am paying 15 lakhs approx for the whole 2 years. Fees hike is there yearly around 6% on all courses. The various Departments and Ministries of the Government of India offers many scholarship schemes for the benefit of students. The details of all the national-level scholarships are provided in the National Scholarship Portal of the Government of India under the website.