IIM Ranchi Completes 100% Placement 2023: Registers 7% Hike in Average Salary at Rs.17.30 LPA; Marketing, IT, Consulting, Finance Top Hiring Domains

IIM Ranchi is consistently keeping its students industry ready to get high domestic as well as international placements. This year again, IIM Ranchi has completed 100% placement 2023 with students getting high placement packages from 178 companies. Sales & Marketing emerged as the most preferred functional area, closely followed by Strategy & Consulting, Operations, IT Analytics and Finance. The season saw lateral offers being extended by recruiters to students with prior work experience.

IIM Ranchi: Placement 2023 Highlights
Below are the key Placement highlights for MBA, MBA-HR and MBA-BA 2021-23 Batch

IIM Ranchi MBA 2021-23 Batch Placement: Highlights

• 124 prominent companies visited the campus this year and extended offers to students of the MBA 2021-23 batch of IIM Ranchi.
• Highest Domestic Salary in Placement 2023 goes up at Rs.35.50LPA from Rs.32.21 LPA last year
• Highest International Salary has gone up at Rs.67 LPA in placement 2023
• Average Salary has gone up by 7% at Rs.17.30 LPA from Rs.16.17 LPA last year
• PPOs offered: 76
• 2021-23 Batch Size increased to 399 students from 253 students in 2020-22
• Median Salary in Placement 2023 goes up at Rs.16.50 LPA from Rs.15.50 LPA last year
• Average Salary for Top 25 percent goes up at Rs.24 LPA in Placement 2023 from Rs.22.02 LPA last year
• Top Recruiters: Tata Steel, Wells Fargo, JP Morgan & Chase, Maruti Suzuki, American Express, State Street, Yes Bank, Tolaram Group, Nomura, Amazon, Accenture, McKinsey
• Top Recruiting domain: Sales & Marketing, Operations, Strategy & Consulting, IT, Analytics, Finance are the top recruiting domains

MBA-HR 2021-23 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 2021-23 has performed well bagging offers from prestigious corporate houses. A total of 29 companies have extended offers to the students of MBA-HR batch.

• Highest Salary: Rs.32.20 LPA
• Average Salary: Rs.16.30 LPA
• Median Salary: Rs.16.0 LPA
• Top 25 Percent: Rs.22.40 LPA
• Batch Size: 69 students
• Total Recruiters: 29
• PPOs Offered: 13
• Top Recruiters: GAIL, BPCL, Maruti Suzuki, Hindalco, Capgemini, EY, DS Group

MBA-BA 2021-23 Batch Placement: Highlights
IIM Ranchi has recently launched MBA Business Analytics, a two year full time MBA programme. The very first MBA BA Batch 2021-23 has completed placements with high salary packages. The MBA-BA batch of 2021-23 has performed well getting offers from prestigious corporate houses. A total of 25 companies have extended offers to the students of MBA-HR batch.

• Highest Salary: Rs.22.30 LPA
• Average Salary: Rs.16.40 LPA
• Median Salary: Rs.16.0 LPA
• Top 25 Percent: Rs.20.30 LPA
• Batch Size: 35 students
• Total Recruiters: 25
• PPOs Offered: 6
• Top Recruiters: American Express, Sony Pictures, EXL, ZX, Cognizant, DCM Shriram

For eight years in a row, IIM Ranchi has maintained its successful trend in placements despite all the covid pandemic problems during last two years. 

IIM Ranchi Placements: Key trends
The 12^th placement season at IIM Ranchi, the 9th Indian Institute of Management has seen a rise in average, highest and median salary packages despite a large batch size. Marquee companies have participated in placements, offering diverse roles in the functional areas of Sales & Marketing, Finance, Operations & General Management, IT & Analytics, Strategy & Consulting and Human Resource Management.

MBA

MBA-HR

MBA-BA (First Batch)

IIM Ranchi was the only IIM to offer a specialized 2-year course in Human Resource Management (PGDHRM) till IIM Indore started similar course. The course structure is designed by the NHRDN and is continuously updated with the help of top academicians and industry experts. The batch of 2021-23 witnessed high salary packages. Students who participated in placement 2023 made their worth felt in the industry by getting top offers from some of the biggest names in the country.

Top recruiters in Placement 2023
IIM Ranchi placement 2023 witnessed the return of major brands and prominent associations like Tata Steel, Wells Fargo, JP Morgan & Chase, Maruti Suzuki, American Express, State Street, Yes Bank, Tolaram Group, Nomura, Amazon, Accenture, McKinsey, GAIL, BPCL, Maruti Suzuki, Hindalco, Capgemini, EY, DS Group, American Express, Sony Pictures, EXL, ZX, Cognizant, DCM Shriram among others

For MBA programme, 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.

For MBA-HR programme profiles were offered in Compensation & Benefits, HR Analytics, HR Business Partner, HR Consultant, HR Operations, Industrial Relations, Learning & Development, Performance Management, Talent Acquisition

IIM Ranchi was established in 2010 and is the 9th in the IIM Family. The B school currently offers a 2 year MBA in General management, 2 year fulltime MBA programme on Human Resources Management, 2 Year MBA in Business Analytics, Fellow Program in Management and 18 month part time Diploma in Management (PGEXP). With effect from academic session 2021-22 IIM Ranchi has also launched 5year Integrated programme in management offering BBA+MBA to the class 12 pass students. A certified Barefoot Manager program to promote entrepreneurship and to impart livelihood skills among the school drop outs and illiterates also exists at IIM Ranchi

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