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

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.

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.

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%. 

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.