IIM Ranchi Placement 2018: Student grabs International package of Rs.57 lakhs; Average salary up at Rs.16.07 lakhs

IIM Ranchi Placement 2018
Monday, April 09 2018, 04:46 PM
IIM Ranchi has concluded Placement 2018 with higher salary packages at the domestic as well as international level. Highest international salary has gone up at Rs.57 lakhs while the highest domestic salary is Rs.30 lakhs. The average salary has also gone up at Rs.16.07 lakhs
“The exceptional growth witnessed in placements this year stands as a testament to our focus on academic excellence and holistic learning” Prof. Shailendra Singh, Director IIM Ranchi

IIM Ranchi Placements are leaving behind its peers in grabbing high salary packages at the domestic as well as international level. International package at IIM Ranchi in placement 2018 has gone as high as Rs.57 lakhs for second consecutive year busting the myth of economic slowdown with a rising trend in highest, average and median salary packages in Placement 2018. 16 companies offered Pre-Placement Offers to 27 students.   

For three years in a row IIM Ranchi has maintained its upward trend in placements. Releasing the final placement 2018 report IIM Ranchi has shared that it has completed its final placement for the 2016-28 batch having 185 students. 102 companies that visited IIM Ranchi for campus Placement 2018 included 64 new recruiters.

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Key Placement trends
The 7th placement season at IIM Ranchi, the 9th Indian Institute of Management has seen a rise in number of recruiters, first time recruiters, highest salary and average salary despite a large batch size among new IIMs.

Largest Batch size
There were 185 students who participated in Placement 2018 as against 165 students participating in placement last year. Out of the 185 students, 134 are in PGDM 2016-18 batch and 51 students are in PGDHRM 2016-18 batch. The total batch size during last three years has increased from 156 students in 2016 to 165 in 2017 and it stands to 185 students in 2018. The batch size is expected to increase further for PGDM & PGDHRM 2018-20 batch.

Placement batches
Batch size
Number of recruiters
New Recruiters
PGDM 2016-18
134
89
52
PGDM 2015-17
118
75
48
PGDM 2014-16
122
61
22
PGDHRM 2016-18
 51
52
34
PGDHRM 2015-17
 47
39
22
PGDHRM 2014-16
 38
24
13

Highest and Average salary goes up

PGDM 2016-18 batch
An increase of 5.48% is recorded in average salary over last year in IIM Ranchi Placement 2018. There are 134 students in PGDM 2016-18 batch. 1 student opted out and 89 companies made 133 offers to the students with diversified roles in different domains.

Sales and Marketing continued to be the most preferred functional area, with the highest number of offers being made in this domain. Students were also offered profiles in domains like Consulting, Finance, Operations, IT & Analytics and General Management.

IIM Ranchi continued the rising trend in placements which was corroborated by an increase in the average compensation. The highest CTC offered was 57 LPA as international package. The average CTC for top 25% and 50% of the batch stands at 19.75 and 17.63 LPA respectively. Lateral offers were extended by recruiters to the students with higher work experience. The PGDM batch witnessed 89 companies including 52 new companies visiting the campus. 133 offers were made.

Beating the slowdown in placement offers, the placement season 2018 for PGDM students at IIM Ranchi saw an overall rise in highest and average salary over last year. Highest international salary has again gone to Rs.57 lakhs in Placement 2018 as was last year. Highest domestic salary has gone up to Rs. 30 lakhs from Rs. 26 lakhs last year.

Average salary in PGDM Placement 2018 at IIM Ranchi stood at Rs.16.07 lakhs while average salary domestic stood at Rs. 15.09 lakhs.

Highest & Average Salary for PGDM at a glance
A comparative analysis of Placement packages for PGDM over the last 3 years is detailed below:     

Placement year
Highest salary (International) (Rs.in lakhs)
Highest Salary (Domestic) (Rs.in lakhs)
Average salary (Rs.in lakhs)
Average salary domestic (Rs.in lakhs)
2018
57
30
16.07
15.09
2017
57
26
15.24
14.86
2016
55.23
25.5
15.14
14.80

PGDHRM 2016-18
IIM Ranchi is the only IIM to offer a specialized 2-year course in Human Resource Management (PGDHRM). The course structure is designed by the NHRDN and is continuously updated with the help of top academicians and industry experts.

The batch of 2016-18 witnessed a substantial rise in average salary in PGDHRM Placement 2018 at IIM Ranchi. PGDHRM 2016-18 batch of IIM Ranchi has 51 students as against 47 students last year. Students who participated in placement 2018 made their worth felt in the industry by bagging top offers from some of the biggest names in the country. 52 companies visited the campus to roll out offers to the HR students. Out of them there were 34 new recruiters who participated in the placement process.

Average salary for PGDHRM 2016-18 batch has increased to Rs. 14.67 lakhs from Rs. 13.78 lakhs last year. The highest salary stood at Rs. 21 lakhs as against Rs.19 lakhs last year.

Highest & Average Salary for PGDHRM at a glance
A comparative analysis of Placement packages for PGDHRM over the last 3 years is detailed below:

Placement year
Highest Salary (Rs.in lakhs)
Average salary (Rs.in lakhs)
2018
21
14.67
2017
19
13.78
2016
20.2
13.49

IIM Ranchi: 4 Years Placement Analysis
Following table shares key placement trends during the past 4 years at IIM Ranchi

Programme
PGDM
PGDHRM
Average Salary 2018 (Rs.in lakhs)
16.07
14.67
Average salary 2017 (Rs.in lakhs)
15.24
13.78
Average salary 2016 (Rs. In lakhs)
15.14
13.49
Average salary 2015 (Rs. In lakhs)
13.40
12.60
Batch size 2018
134
51
Batch size 2017
118
47
Batch size 2016
122
38
Batch size 2015
152
42
No.of recruiters 2018
 89
52
No. of  recruiters 2017
 75
39
No. of  recruiters 2016
 61
24
No. of recruiters 2015
106
30

Top recruiters in Placement 2018
Following are some of the top recruiters who participated in placement 2018 at IIM Ranchi

Accenture, Cognizant, GMR, IBM, RPG, Wipro, CCIL, Federal Bank, GAIL, ICICI Bank, JP Morgan Chase, Muthoot Fincorp, RBL Bank, Yes Bank, Bharat Forge, Cummins, DS Group, L&T, Bosch, TATA Steel, TATA Trusts, Tolaram Group, Vedanta, Berger Paints, Cadila, Emami, Google, Hindware, HP, ICICI Lombard, Maruti Suzuki, Samsung, Sony Pictures Network, Cognizant, Photon, Infotech among others.

Domain wise Placements
Sales and Marketing was most preferred functional area for IIM Ranchi graduates. Students had equal preferences for other domains like Consulting, Finance, IT & Analytics, Operations and General Management. The rising trend in placements was corroborated by the increase in the average compensation. This season saw Lateral offers to the people with higher prior work experience.

Sales & Marketing: 39% share in Placement 2018
Sales & Marketing emerged as the highest recruiting function in Placement 2018 with 39% of the batch getting placed in it. IT & Analytics contributed 17% followed by Finance, and Operations & General Management with 16% share each. Strategy and Consulting contributed 12% share in placement 2018.

Diverse offers
Diverse profile offers were made to the IIM Ranchi students during the placement 2018 by the recruiters. In Sales & marketing domain the offers were made for Campaign Manager Cluster Manager Digital Marketing Director-Agile Sales Marketing Manager Presales Consultant Product and Brand Manager Regional Sales Manager Sales Manager

In finance domain offers were made for Asset Management, Corporate Wealth Management, Finance Analyst, Group Investment Management, Regulatory Capital Management, Relationship Banking, Valuation

Consulting, Analytics and IT had offers for roles as Account Strategist Business Strategist Corporate Strategy IT Consulting Management Consulting.

In operations and General Management domain offers were made for Business Process Manager, Customer Success Manager, Delivery/Program Management Procurement and Strategic Sourcing Project Management Relationship Manager Supply Chain Management.

Offers were made to PGDHRM students on Compensation & Benefits, Employee Relations, HR Analytics, HR Business Partner, HR Consultant, HR Operations, Industrial Relations, Learning & Development, Performance Management, Talent Acquisition among others.

Sharing on the successful completion of Placement 2018 season, Prof. Shailendra Singh Director, IIM Ranchi said “The exceptional growth witnessed in placements this year stands as a testament to our focus on academic excellence and holistic learning. IIM Ranchi has consistently achieved stellar placements since its inception and the recently concluded final placement has been exemplary. The class of 2016-18 with a batch size of 185students has been placed in record time. This season witnessed the presence of major brands and prominent B-School recruiters who continued to exhibit faith in the skills and aptitude of our students.”

IIM Ranchi was established in 2010 and is the 9th in the IIM Family. It is the only IIM offering a specialized PGDHRM course. The B school currently offers a 2 year PGDM in General management and 2 year fulltime programme on Human Resources Management (PGDHRM), Fellow Program in Management and 18 month part time Diploma in Management (PGEXP). IIM Ranchi has also launched a certified Barefoot Manager program to promote entrepreneurship and to impart livelihood skills among the school drop outs and illiterates.

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