IIM Ranchi Admission 2023: High RoI B-School to Award 40% Weight to CAT Score in Final Selection; Check USPs, Eligibility, Criteria, Fees, Placement

IIM Ranchi, Ranked # 15 in NIRF Rankings 2022 among top MBA colleges in India, is a high RoI B-school. IIM Ranchi has registered 10% hike in average salary which has gone up at Rs.16.17 LPA in Placement 2022 for MBA 2020-22 batch while the 2 years program fees, despite its increase for 2022-24 batch, remains moderate at Rs.17.20 lakhs as against the fees of 20 to 25 lakhs for other IIMs and top B-schools. IIM Ranchi 2-year MBA Program is a full-time residential course and CAT 2022 is the mandatory exam for admission at IIM Ranchi. Besides, IIM Ranchi is the pioneer in offering the 2 years full time MBA in Human Resource Management as it was the first IIM to launch such program.  

 IIM Ranchi Admission criteria 2023 for all the three 2 years full time MBA programs will award 40% weight to the CAT 2022 percentile score in final selection and rest 60% weightage goes to other components like academics, diversity, work experience and performance in PI-WAT.

IIM Ranchi will participate in Common Admission Process (CAP) 2023 which is the common PI-WAT round for nine participating new and baby IIMs. Based on the performance in CAP round and other components like CAT 2022 score, academics, diversity, work experience, final merit list will be prepared by IIM Ranchi for MBA admission 2023.

IIM Ranchi admission application is now open through CAT 2022 and the last date to apply is September 14, 2022. Read below all about the IIM Ranchi admission criteria 2023, key USPs of IIM Ranchi, cut offs, programs offered, Fees, Placements and more

Table of Contents

1. IIM Ranchi Admission 2023-24: Key Changes
2. IIM Ranchi: Key Highlights and USPs
3. IIM Ranchi Leadership
4. IIM Ranchi Programs offered
5. IIM Ranchi Fees 
6. IIM Ranchi Intake
7. IIM Ranchi Placements 2022
8. IIM Ranchi Eligibility criteria 2023
9. IIM Ranchi Admission Application Process 2023: How to Apply?
10. IIM Ranchi Admission 2023: Important Dates
11. IIM Ranchi Cut off
12. IIM Ranchi Admission Criteria 2023: Exam Accepted, Selection Process
13. Role of IIM-CAP 2023 in IIM Ranchi Admission 2023 
14. IIM Ranchi MBA Admission 2023: Step by Step Process
15. IIM Ranchi Admission 2024

1. IIM Ranchi Admission 2023-24: Key Changes

• Overall CAT cut off reduced to 92 percentile in shortlisting
• Sectional Cut off is reduced to 70 percentile in shortlisting
• 40% Weightage to CAT score will be awarded in final selection 2023
• IIM Ranchi will continue to participate in Common Admission Process (CAP), comprising PI-WAT round and conducted for new IIMs for final selection
• Depending upon Covid pandemic situation, Writing Ability Test (WAT) may or may not be conducted in CAP round
• 30% Weight goes to Profile in generating final merit list for admission
• IIM Ranchi has kept its option open to change CAT cut off after the meeting of CAP participating IIMs’ Directors. 

1.1 IIM Ranchi Admission 2023 through IIM CAP 2023: Key Details
For MBA admission 2023 in following 9 new & baby IIMs, a Common Admission Process (CAP) will be conducted by one of the participating IIMs. All the IIMs will follow common criteria at first stage shortlisting for CAP 2023 

 1.2 List of IIMs Participating in CAP 2023
The CAP round is organized for the IIMs which started operation in 2010-11 and for the new generation IIMs that started operating in 2015-16.  It is the final selection round comprising common PI process for following 9 IIMs which are participating in CAP 2023:

• IIM Udaipur
• IIM Tiruchirappalli
• IIM Kashipur
• IIM Raipur
• IIM Ranchi
• IIM Bodh Gaya
• IIM Jammu
• IIM Sambalpur
• IIM Sirmaur

2. IIM Ranchi: Key Highlights and USPs
Indian Institute of Management (IIM) Ranchi is the second generation IIM set up in 2010 and has grown up to one of the top B-schools in India. The Key highlights and USPs of IIM Ranchi are:

• 2.1 Highly Ranked: IIM Ranchi is ranked # 15 in Govt. of India MHRD NIRF Ranking 2022 among top 125 Management Institutes in India. In MBAUniverse.com B-School Ranking 2022, IIM Ranchi is ranked #16 among top 100 MBA colleges in India.
• 2.2 Member of International Accreditation Bodies: IIM Ranchi is a member of prestigious International Accreditation bodies – AACSB and EFMD
• 2.3 Awards MBA Degree instead of PG Diploma: IIM Ranchi is now empowered with the legal authority to award MBA degree for its Post Graduate Programmes in Management instead of diploma 
• 2.3 IIM Ranchi Intake: MBA programmes at IIM Ranchi have an intake of 350+ students. IIM Ranchi seats are expected to increase further for 2023-25 batch  
• 2.4 IIM Ranchi Fees: IIM Ranchi Fees for MBA, MBA-HRM, MBA-BA programs is Rs.17.20 lakhs. The fee is lower than is charged by other top IIMs and many top B-schools
• 2.5 IIM Ranchi Placement 2022: IIM Ranchi Placement 2022 has registered 10% hike in Average salary which has gone up at Rs.16.17 LPA from Rs.14.69 LPA last year. Highest salary has gone us at Rs.32.21 LPA from Rs.26.50 LPA last year
• 2.6 Top Recruiters: IIM Ranchi is a favourite placement destination for top companies. Top recruiters in Placement 2022 included Accenture, Deloitte, Amazon, Dell, Godrej, J P Morgan, L&T, Cognizant, EY
• 2.7 Diverse MBA Programs: IIM Ranchi offers wide range of MBA programs including MBA (General), MBA-HR, MBA-BA, 5 year IPM among other management programs with diverse specializations.
• 2.8 International Exchange: IIM Ranchi has student exchange tie-ups with ten top business schools across the globe. The Partner B-schools are located in USA, France, Greece, South Korea, Russia, Taiwan, Thailand, Bangladesh.
• 2.9 Accomplished Faculty: IIM Ranchi has well-qualified internal faculty complemented by carefully selected adjunct faculty with considerable industry or domain expertise.

3. IIM Ranchi Leadership
IIM Ranchi is led by its newly appointed Director, Professor Deepak Kumar Srivastava. He took over charge as full time Director of IIM Ranchi August 18, 2022 from outgoing Director In-charge, Prof. Pradip Kumar Bala, who is also a full time Professor and Dean, Academic Affairs and Development at IIM, Ranchi.

Prior to joining IIM Ranchi, Prof Srivastava was Dean (Academics) and Professor in Strategy Area at IIM Tiruchirappalli. He has more than 20 years of academic experience. He has held various assignments at many foreign universities, including the Universidad Panamericana, Mexico; Coggin College of Business, University of North Florida, (USA); Turku University, Turku (Finland) among others. Prof Srivastava had served as a member on the Board of Governors (BoG) of IIM Ranchi. He regularly contributes to leading newspapers, where he writes about emerging public policy issues.

4. IIM Ranchi Programs offered
IIM Ranchi offers following Management programs

• Two Years full time Residential MBA
• Two Years full time Residential MBA-Human Resources
• Two Years full time Residential MBA-Business Analytics
• Five Year full time Residential IPM Programme offering BBA+MBA
• Two Years Hybrid Executive MBA with Online & Offline classes for Working Professionals
• Doctoral Programmes (PhD and Executive PhD) programmes

The programmes are offered for graduates from all disciplines who wish to choose a career in management subject to the candidates satisfying the eligibility criteria and other key requirements.

5. IIM Ranchi Fees: Rs.17.20 lakhs

• IIM Ranchi Fees payable by MBA, MBA-HR and MBA-BA students of Resident Indian Category is Rs 17,20,000/-.
• In addition, students have to pay Rs.20,000 as Caution Deposit; Rs.10,000 as Alumni Fee and Rs. 21,000 per term towards Mess expenses
• Laptop computer, text books, Insurance, personal expenses on travel, clothes and laundry are extra.

6. IIM Ranchi Intake: 350+ students
IIM Ranchi batch size is 350+ students. There are 70+ students in MBA HRM batch, 30 Students in MBA-Business Analytics and 260 in MBA programme. The batch size may further go up in 2023.

7. IIM Ranchi Placements 2022
IIM Ranchi has a consistent record of high placements. For five years in a row IIM Ranchi has maintained its upward trend in placements. IIM Ranchi placement 2022 report has shared that it completed its 100% final placement for the large batch of 325 students with  placement offers from 98 companies.

IIM Ranchi is consistently keeping its students industry ready to get high domestic as well as international placements. One of the key highlights in IIM Ranchi Placements 2022 is that the Sales & Marketing emerged as the most preferred functional area, closely followed by profiles in Strategy & Consulting, Operations, IT Analytics and Finance. The season saw lateral offers being extended by recruiters to students with prior work experience.

7.1 IIM Ranchi: Placement 2022 Highlights
Below are the key Placement highlights for MBA and MBA-HR 2020-22 Batch

MBA 2020-22 Batch Placement: Highlights

• 77 companies visited the campus this year and extended offers to students of the MBA batch of IIM Ranchi.
• Highest Salary in Placement 2022 goes up at Rs.32.21 LPA from Rs.26.50 LPA last year
• Average Salary has gone up by 10% at Rs.16.17 LPA from Rs.14.69 LPA last year
• 2020-22 Batch Size increased to 253 students from 201 students in 2019-21
• Median Salary in Placement 2022 goes up at Rs.15.50 LPA from Rs.14.95 LPA last year
• Average Salary for Top 25 percent goes up at Rs.22.02 LPA in Placement 2022 from Rs. 18.85 LPA last year
• Top Recruiters: Accenture, Deloitte, Amazon, Dell, Godrej, J P Morgan, L&T, Cognizant, EY among others
• Consulting was the top domain with 20.60% share in placement 2022

MBA-HR 2020-22 Batch Placement: Highlights
IIM Ranchi is the pioneering IIM to offer a 2-year course in Human Resource Management. The course structure has been designed by NHRDN and has a unique pedagogy taught by eminent faculty and industry experts. The MBA-HR batch of 2020-22 has performed well bagging offers from prestigious corporate houses. A total of 21 companies have extended offers to the students of MBA-HR batch.

• Highest Salary – Rs.32.21 LPA
• Average Salary – Rs.15.63 LPA
• Median Salary – Rs.15.40 LPA
• Top 25 Percent – Rs.22.17 LPA
• Batch Size – 72 students
• Total Recruiters – 21
• Top Recruiters: Accenture, Cognizant, EY, Flipkart, Aditya Birla, DE Shaw, Capgemini, ICICI Bank among others Read More 

8. IIM Ranchi Eligibility criteria 2023

• 8.1 IIM Ranchi Eligibility criteria require that the candidate must hold a bachelor's degree of minimum 3 years duration after class 12, with at least 50% marks or equivalent CGPA (in case of the candidate belonging to SC/ST/PwD category, the eligibility criterion is relaxed to 45%
• 8.2 One of the most important points in IIM Ranchi Admission Eligibility criteria is that apart from a recognized graduate degree, the candidate should appear in CAT 2022 exam and must score minimum prescribed sectional and overall score to be considered for shortlisting
• 8.3 If the candidate is awarded grades/CGPA instead of marks, the equivalence to determine PGP admission eligibility would be based on the equivalence certified by the institution/university from where the bachelor's degree is obtained. In case the institution/university does not have any scheme for converting the CGPA into equivalent marks, the equivalence would be established by IIM Ranchi by dividing the obtained CGPA by the maximum possible CGPA and multiplying the resultant by 100 to confirm the Admission eligibility of the candidate. 
• 8.4 A candidate appearing for the final year bachelor's degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results is also eligible to apply for IIM Ranchi Admission 2023. Such a candidate must produce a certificate from the principal/head of the department/ registrar/director of the institution/university certifying that the candidate is currently in the final year or is awaiting final results and has obtained at least 50% marks or equivalent (45% in case of the candidate belonging to SC/ST/PwD category) based on latest available grades/marks.
• 8.5 IIM Ranchi Eligibility further clarifies that such a candidate, if selected, will not be eligible for the IIM Ranchi admission unless he/she submits a certificate latest by June 30, 2023 from the principal/head of the department/registrar/director of the institution/university (issued on or before June 30, 2023) stating that they have completed all the requirements (the result may, however, be awaited) for obtaining the bachelor's degree/equivalent qualification on the date of issue of the certificate.
• 8.6 It is mandatory for a final year student, who is provisionally considered eligible by IIM Ranchi and offered admission, to submit the mark-sheet and degree certificate of the final year bachelor's degree examination held on or before June 30, 2023.  The deadline to submit the mark-sheet and the certificate is December 31, 2023. 

9. IIM Ranchi Admission Application Process 2023: How to Apply?
Submission of Application for IIM Ranchi Admission 2023 is a two step process. The first one is to apply for CAT 2022 based on which IIM Ranchi will consider you for next round of admission process and second is to register separately for IIM-CAP 2023 for IIM Ranchi admission 2023. Let us understand each step:

Step-1: CAT 2022 registration process has started from August 3, 2022. Candidates have to apply for CAT 2022 by the last date of September 14, 2022. Check below the key points in IIM Ranchi admission application process through CAT 2022:

• It is mandatory to register and apply for CAT 2022 for IIM Ranchi Admission 2023
• On the page 4 of CAT 2022 application form, you need to select IIM Ranchi MBA, MBA-HR, MBA-BA and select the interview city

Step-2:  In January 2023, after declaration of CAT 2022 exam result, registration for Common Admission Process (CAP) will open. You need to register for CAP round to participate in PI-WAT process at the official IIM CAP website. 

9.1 IIM Ranchi Application Fees
IIM Ranchi has not prescribed any separate application fee. The CAT 2022 registration & Application fee includes the IIM Ranchi application fees, as detailed below

10. IIM Ranchi Admission 2023: Important Dates
All the candidates who have registered and applied for CAT 2022, who have opted for admission in IIM Ranchi in the CAT 2022 application form, and score the required cut off percentile, will be considered for next stage of IIM Ranchi Admission criteria.  Important dates related to admission activities 2023 at IIM Ranchi are as below:

11. IIM Ranchi Cut off
IIM Ranchi Cut offs 2023 are liberalised for admission. Only the candidates above the minimum cut-offs in the CAT 2022 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2022 are considered for shortlisting.

The table below indicates the minimum performance expected from candidates to be shortlisted for the PI & WAT. However, achieving the cut-off percentile in CAT is a necessary but not sufficient condition for being shortlisted by IIM Ranchi.

The actual IIM Ranchi cut off percentiles for the 2023-25 batch may be higher. IIM Ranchi will decide the number of candidates to be called for the PI & WAT for each category, depending on which the cut off percentiles can also change. 

 Source: Based on IIM Ranchi Admission Policy 2022-24

11.1 IIM Ranchi CAT Cut off: Relaxation is Possible
Actual CAT 2022 score Cut-Off Criteria shall be decided later in the meeting of Directors of participating IIMs to be held in January 2023. It is possible that actual cut off may go up or come down.

Only the candidates meeting the cut-off criteria would be considered for shortlisting. The minimum requirement to be fulfilled by the candidates for being considered for shortlisting for WAT and PI is CAT 2022 cut off with 70 sectional and 92 overall percentile. These are the minimum prescribed cut offs which will be used for shortlisting purpose only and do not imply entitlement as the actual cut off may go higher or lower as per the decision of the admission committee.

The individual CAT 2022 sectional percentile and the overall percentile may be lowered/relaxed, if the actual number of shortlisted candidates are found to be less than the required number of candidates to be called for WAT and PI in one or more categories. The relaxation in the cut-off criteria is to ensure sufficient number of candidates for each of the categories for WAT and PI process.

12. IIM Ranchi Admission Criteria 2023: Exam Accepted, Selection Process
IIM Ranchi Admission 2023 is a five-stage process

• Stage 1: Shortlist Release for CAP 2023 Round after CAT Result declaration
• Stage-2: Conduct of PA Round comprising Personal Interview (PI) & Writing Ability Test (WAT). The PA process will be common to IIMs which are participating in the Common Admission Process (CAP) 2023
• Stage-3: The Final Selection List based on CAT score, CAP Score and other parameters
• Stage-4: Offer for Provisional Admission for the MBA 2023-25 batch
• Stage-5: Reporting for joining the MBA 2023-25 program

Stage-I:  IIM Ranchi Shortlisting Criteria 2023
IIM Ranchi will shortlist the candidates on the basis of CAT 2022 score, and other parameters for final selection round as under:

• The shortlisting for final selection round in IIM Ranchi Admission Criteria awards maximum weight to CAT 2022 score.
• The candidate must have scored minimum sectional percentile of 70 in each of the three sections of CAT 2022 – Quantitative Aptitude' (QA), ‘Data Interpretation & Logical Reasoning' (DILR) and ‘Verbal and Reading Comprehension' (VRC)
• A candidate must have scored minimum overall percentile of 92 in CAT 2022
• If the candidate does not score minimum prescribed percentile in CAT 2022, he/she will not be considered for shortlisting for final selection stage.
• IIM Ranchi Admission Committee decides the number of candidates who would be shortlisted for PA round on the basis of criteria prepared for each category
• All the Candidates shortlisted for PA process have to attend PI – WAT which is a common process for all the participating IIMs

Stage-2: IIM Ranchi Final Admission Selection Process: CAP Round

• All the shortlisted candidates should participate in Personal Appearance (PA) round for admission to IIM Ranchi
• Final Selection Round 2023 for IIM Ranchi Admission consists of Personal Interview (PI) & Writing Ability Test (WAT).
• The final selection PA round for IIM Ranchi Admission will be common for the IIMs who are participating in the Common Admission Process (CAP) 2023.

Stage-3: IIM Ranchi Final Selection List based on CAT score, CAP Score and other parameters
The scores obtained by the candidate in PA process of CAP 2023 would be considered for preparing the merit list

• The scores obtained by the candidate in WAT & PI of CAP 2023 would be considered for preparing the final merit list
• IIM Raipur admission criteria after final admission round award a weight of 40 per cent to CAT 2022 Score; 30% weight to Personal Interview(PI) and Writing Ability Test (WAT); 30% weight to Profile
• Minimum cut off may be applied to WAT & PI components. Candidates who do not obtain certain minimum scores in the WAT & PI will not be considered for the merit list. The minimum scores will be decided by IIM Ranchi at its discretion.

IIM Ranchi Final Selection Criteria Weights for Admission 
IIM Ranchi Final Admission offers would be made after the completion of the PI process based on a Consolidated Merit List (CML), which will be prepared on the basis of the following components and their corresponding weights:

Profile: Components & Weightage
The components included in profile with a weight of 30% in final selection round are as under:

Source: IIM Ranchi Admission Policy for 2022-24 batch

Stage-4: Offer for Provisional Admission for the MBA 2023-25 batch
IIM Ranchi will issue provisional admission offer on registered e-mail ID of the selected candidates after generating the final merit list in April last week/May first week 2023. You need to accept the admission offer online and should pay the admission fee by the stipulated date to avoid cancellation of candidature.

Stage-5: Reporting for joining the MBA 2023-25 program
IIM Ranchi will notify and will send the communication to report at the institute to complete the joining formalities. The academic session is likely to commence in the first week of July.

13. Role of IIM-CAP 2023 in IIM Ranchi Admission 2023
IIM Ranchi Admission criteria 2023 is based on Common Admission process (CAP) 2023. IIM Ranchi will have the same shortlisting criteria as that of all 9 participating IIMs for Common Admission Process (CAP) 2023 while CAT 2022 is the mandatory exam to be considered for shortlisting by IIM Ranchi.

13.1 CAP 2023: Key Points 
IIM Ranchi participates in Common Admission Process (CAP) which is the WAT and PI round, conducted for admission to new IIMs. Last year 9 IIMs participated in the process.  Admission to the MBA Programmes at IIM Ranchi for the year 2023-25 batch shall constitute the following parameters under Common Admission Process (CAP):

CAT 2022 Examination: Valid CAT score, as applicable

Common eligibility criteria for shortlisting to WAT and PI process: IIM Raipur shall have the same shortlisting criteria as that of all other participating IIMs for CAP-2023

Personal Appearance (PA): Written Ability Test (WAT) and Personal Interview, as per the shortlisting criteria

Announcement of the final selection/merit list on the basis of the composite score arrived at using weightages as per valid CAT-2022 score, WAT and PI score, academic profile, work experience and diversity (gender/academic disciplines)

It is mandatory for the candidates who wish to pursue MBA from IIM Ranchi to appear in the CAT  exam. A balanced score in all the three sections of CAT and good academic profile is the key to get admission in IIM Ranchi. The MBA at IIM Raipur is a Master’s level programme, leading to the grant of a degree of Master of Business Administration (MBA).

14. IIM Ranchi MBA Admission 2023: Step by Step Process
The IIM Raipur admission process for MBA 2023-25 batch is based on following steps. IIM Ranchi admission policy applies only to the 2 years full time MBA programs admission for 2023-25 batch. 

• Step 1: The candidate must have appeared and scored the minimum required sectional and overall percentile in CAT 2022 to be considered for Shortlisting process for admission at IIM Ranchi. Category wise short-lists of the candidates are prepared for Personal Interview (PI) and Written Ability Test (WAT) from among the candidates who have a valid CAT-2022 score, who have applied to the programme and who satisfy the eligibility criteria for the programme of IIM Ranchi.
• Step 2: Shortlisted Candidates have to attend Common Admission Process (CAP) 2023 for the participating IIMs. CAP 2023 will consist of both PI & WAT round in final selection process. Candidates not meeting the minimum performance in PI& WAT will not be considered for the final selection.
• Step 3: After the WAT & PI round, admission offers are made by IIM Ranchi to successful candidates. The final selection is based on a diverse set of attributes which include performance in CAT, performance in WAT & PI, academics, work experience, diversity among others. Category wise merit list will be generated based on weightages awarded to various components.
• Step 4: Final Admission Offer will be made to the candidates in the last week of April 2023 on the basis of Final Merit Score and will be available on IIM Ranchi website. 
• Step 5: A candidate receiving admission offer from IIM Ranchi and accepting the offer within the stipulated date needs to send Offer Acceptance Form along with Offer Acceptance Fee 

15. IIM Ranchi Admission 2024
There are many young students who wish to appear in CAT and apply for IIM Ranchi admission to pursue MBA but they are in the second year or third year of their bachelor’s degree course and are not eligible this year but can apply for IIM Ranchi admission 2024 through CAT 2023. For the last 2-3 years IIM Ranchi admission policy has remained on same lines and it is expected that the IIM Ranchi admission 2024 process will remain on similar lines as this year. You need to begin your CAT preparation and by the time you become eligible to appear in CAT 2023, you would have completed a large part of your CAT exam preparation which will help you score high in the exam and improve your chances for IIM Ranchi admission 2024. 

IIM Ranchi was established in 2010 and is the 9th in the IIM Family. It was the only IIM offering a specialized PGDHRM course. IIM Indore is the next IIM offering PGHRM now. IIM Ranchi currently offers diverse MBA degree programs including a 2 year MBA in General management; 2 year fulltime programme on Human Resources Management (MBA-HRM); MBA-Business Analytics (MBA-BA); 5 year full time Integrated Programme in Management (IPM) leading to award of BBA+MBA degree; Fellow Program in Management and 2 years Executive MBA for working professionals.  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.

Hope you found this article with all the information on IIM Ranchi quite useful to decide on MBA admission 2023. IIM Ranchi admission application process through CAT 2022 is open and you can apply now. Read More

Stay tuned to MBAUniverse.com for more updates on IIM Ranchi 

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