IIM Ranchi Completes 100% Placement 2021: Highest Salary of Rs.29.75 LPA for MBA-HR surpasses highest package for MBA; Accenture, Godrej, Deloitte, L&T EY among top Recruiters

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MBAUniverse.com News Desk |
July 26, 2021
IIM Ranchi has completed 100% placement 2021 for its large MBA and MBA-HR batch of 273 students. The MBA-HR student got higher package at Rs.29.75 LPA than the highest package of Rs.26.50 offered for flagship MBA programme. Average salary stood at Rs.14.69 LPA. 128 companies participated in the Placement process 2021. Accenture, Dell, Godrej, Deloitte, L&T, Cognizant, EY, KPMG, Aditya Birla, Gail, ONGC were among the top recruiters
IIM Ranchi Placement 2021

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 2021 with students getting high placement packages from 128 companies.

One of the key highlights in IIM Ranchi Placements 2021 is that the MBA-HR student got higher package at Rs.29.75 LPA as compared to highest package of Rs.26.50 LPA offered to the student of flagship MBA programme. However, the average package for MBA batch of 201 students was marginally higher at Rs.14.69 LPA as compared to MBA-HR batch of 72 students with average package of Rs.14.69 LPA. 

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IIM Ranchi: Placement 2021 Highlights
Below are the key Placement highlights for MBA and MBA-HR 2019-21 Batch

MBA 2019-21 Batch Placement: Highlights
128 companies visited the campus this year and extended offers to the students of the MBA batch of IIM Ranchi, with 97 being first time recruiters.

  • Highest Domestic Salary – Rs.26.50 LPA
  • Average Salary – Rs.14.69 LPA
  • Batch Size – 201 students
  • Total Recruiters – 128
  • First Time Recruiters – 97
  • Median Salary: Rs.14.95 LPA
  • Top 25 percent: Rs. 18.85 LPA
  • Top Recruiters: Accenture, Asian Paints, Airtel, Dell, Godrej, Deloitte, J P Morgan, L&T, Cognizant, EY, Flipkart, KPMG, HSBC, Aditya Birla, Tata Steel, Gail, DE Shaw, Capgemini, ONGC among others

MBA-HR 2019-21 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 2019-21 has performed well bagging offers from prestigious corporate houses. A total of 50 companies have extended offers to the students of MBA-HR batch with 22 being first-time recruiters.

  • Highest Domestic Salary – Rs.29.75 LPA
  • Average Salary – Rs.14.68 LPA
  • Median Salary – Rs.14 LPA
  • Top 25 Percent – Rs.21.48 LPA
  • Batch Size – 72 students
  • Total Recruiters – 50
  • First Time Recruiters – 22
  • Top Recruiters: Accenture, L&T, CK Birla Group, Cognizant, EY, Flipkart, KPMG, HSBC, Aditya Birla, Tata Steel, Gail, DE Shaw, Capgemini, ONGC, ICICI Bank  among others

For six years in a row, IIM Ranchi has maintained its successful trend in placements despite all the covid pandemic problems during last two years. Releasing the final placement 2021 report, Prof. Shailendra Singh Director, IIM Ranchi said, “We have been adding feathers to our cap and setting newer benchmarks with many prestigious global accreditations coming up our way, which is the testimony for rigorous academic and non-academic curriculum and the stringent quality of education offered. The industry orientation provided through the dynamic course curriculum at our institute is not only to cater to the needs of the industry for efficient managers but also to nurture the students to make them humble and responsible citizens who would be the torchbearers of the society”   

Key Placement trends
The 10th placement season at IIM Ranchi, the 9th Indian Institute of Management has seen a rise in number of recruiters, first time recruiters, diverse profiles offered at high salary packages despite a large batch size. 128 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.

Placement batches
Batch size
Number of recruiters
New Recruiters
MBA 2019-21
201
128
97
MBA 2018-20
181
94
71
MBA 2017-19
181
88
58
PGDM 2016-18
134
89
52
PGDM 2015-17
118
75
48
PGDM 2014-16
122
61
22
MBA HR 2019-21
 72
50
22
MBA HR 2018-20
 67
42
21
PGDHRM 2017-19
 63
39
24
PGDHRM 2016-18
 51
52
34
PGDHRM 2015-17
 47
39
22
PGDHRM 2014-16
 38
24
13

Placement 2021: Analysis of Salary Trends  
The highest domestic and the average salary in IIM Ranchi placement 2021 has gone up from last year despite all the pandemic situation. However, the average salary has slightly gone down in 2021 as copared to last year. Overall, the placement 2021 for the students at IIM Ranchi saw a successful season with good number of recruiters making 100% placement with high salary packages.

Highest & Average Salary for MBA at a glance
A comparative analysis of Placement packages for MBA over the last 6 years is detailed below:                          

Placement year
Highest salary (International) (Rs.in lakhs)
Highest Salary  (Domestic) (Rs.in lakhs)
Average salary domestic (Rs.in lakhs)
2021
--
26.50
14.69
2020
59.36
22.37
15.11
2019
58.10
26
15.02
2018
57
30
15.09
2017
57
26
14.86
2016
55.23
25.5
14.80

MBA-HR 2019-21
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 2019-21 witnessed a high salary packages. Students who participated in placement 2021 made their worth felt in the industry by bagging top offers from some of the biggest names in the country.

Highest & Average Salary for MBA-HR at a glance
A comparative analysis of Placement packages for MBA HR over the last 6 years is detailed below:                          

Placement year
Highest Salary (Rs.in lakhs)
Average salary (Rs.in lakhs)
2021
29.75
14.68
2020
26.50
14.55
2019
21
14.52
2018
21
14.67
2017
19
13.78
2016
20.2
13.49

Top recruiters in Placement 2021
IIM Ranchi placement 2021 witnessed the return of major brands and prominent associations like Accenture, Capgemini, Cognizant, GAIL, JP Morgan Chase, L&T, ONGC,Tata Steel, and many more.

There has also been a significant rise in the number of first-time associations participating in recruitment process.

Top Recruiters for MBA 2019-21 Batch

IIM Ranchi Top Recruiters for MBA 2019-21 Batch

Top Recruiters for MBA-HR 2019-21 Batch

IIM Ranchi Top Recruiters for MBA-HR 2019-21 Batch

Profiles Offered
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

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, Strategy, Operations and General Management.

IT/Analytics

  • Prominent Associations: Capgemini, Infosys, EPIKInDiFi, Dell Technologies, Tata Elxsi, Birlasoft and many more
  • Profiles Offered: Product Management, Business Analyst, Application Manager, Digital Consultant, Project Management
  • Highest CTC: Rs. 25.50LPA
  • Average CTC: Rs. 13.83LPA
  • Median CTC: Rs.14.00 LPA
  • Avg. CTC of Top 10%: Rs. 20.17LPA
  • Avg. CTC of Top 25%: Rs. 18.00LPA

Finance

  • Prominent Associations: ICICI Bank, Yes Bank, JPMC, HSBC, RBL Bank, TresVista, Oxane Partners and many more
  • Profiles Offered: Asset Management, Wealth Management. Corporate Banking, Investment Analyst, Retail Banking
  • Highest CTC: Rs. 22.50LPA
  • Average CTC: Rs. 16.74LPA
  • Median CTC: Rs. 17.00LPA
  • Avg. CTC of Top 10%: Rs. 21.00LPA
  • Avg. CTC of Top 25%: Rs. 19.47LPA

Operations

  • Prominent Associations: Tata Steel, Mahindra & Mahindra, Cummins, Ultratech, Vedanta, Adani Wilmar and many more
  • Profiles Offered: Supply Chain Management, Customer Success Manager, Project Management, Strategic Sourcing and Procurement, Operations Management
  • Highest CTC: Rs. 22.40LPA
  • Average CTC: Rs. 14.01LPA
  • Median CTC: Rs. 13.30LPA
  • Avg. CTC of Top 10%: Rs. 20.55LPA
  • Avg. CTC of Top 25%: Rs. 18.94LPA 

Sales & Marketing

  • Prominent Associations: Xiaomi, Godrej CPL, ICICI Lombard, Aditya Birla Capital, Loreal, TVS Motors, Kotak Mahindra Bank, Airtel, Asian Paints, WonderBotz and many more.
  • Profiles Offered: Campaign Manager, Territory Sales Manager, Agile Sales, Brand Manager, B2B Sales
  • Highest CTC: Rs. 26.50LPA
  • Average CTC: Rs. 14.24LPA
  • Median CTC: Rs. 14.95LPA
  • Avg. CTC of Top 10%: Rs. 20.94LPA
  • Avg. CTC of Top 25%: Rs. 18.41LPA

Strategy & Consulting

  • Prominent Associations: Deloitte, KPMG, o9 Solutions, Accenture, Cognizant, Samsung R&D and many more.
  • Profiles Offered: Business Strategist, Strategic Advisory, IT Consulting, Management Consultant, Account Management
  • Highest CTC: Rs. 22.40LPA
  • Average CTC: Rs. 15.51LPA
  • Median CTC: Rs. 15.50LPA
  • Avg. CTC of Top 10%: Rs. 20.45LPA
  • Avg. CTC of Top 25%: Rs. 18.68LPA

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 and 2 year fulltime MBA programme on Human Resources Management, 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