IIM Ranchi Placement 2024: Only 2nd Generation IIM with 12% Rise in Average Salary for MBA Programs; BFSI, IT/ITES, Manufacturing Top Hiring Sectors

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 2024 with students getting high placement packages from 137 companies. The season also saw lateral offers being extended by recruiters to students with prior work experience. Among the second generation IIMs who have completed final placements 2024, IIM Ranchi is the only one to have registered 9 to 15 percent increase in its average salary for different MBA programmes in placement season 2024. IIM Rohtak has reported 3% increase in its average salary

IIM Placements 2024

IIM Ranchi: Placement 2024 Highlights
IIM Ranchi offers 2 years full time MBA, MBA-Business Analytics, MBA-Human Resource Management. Except MBA, the MBA BA and MBA HRM are recently launched programmes. Despite being comparative new programmes, these programs have registered substantial rise in average salary and highest salary in placement 2024. Below are the key Placement highlights for MBA, MBA-HR and MBA-BA 2022-24 Batch.  

IIM Ranchi MBA-BA Placement 2024: Highlights
IIM Ranchi has recently launched MBA Business Analytics, a two year full time MBA programme. The second batch of MBA BA Batch 2022-24 has completed placements with higher salary packages than last year. The MBA-BA batch of 2022-24 has performed well getting offers from prestigious corporate houses. A total of 28 companies have extended offers to the students of IIM Ranchi MBA Business Analytics 2022-24 batch of 43 students

• Highest Salary goes up by 56% at Rs.34.91 LPA in Placement 2024 from Rs.22.30 LPA last year

• Average Salary goes up by 16.6% at Rs.19.13 LPA in Placement 2024 from Rs.16.40 LPA last year
• Median Salary goes up by 5.5% at Rs.16.88 LPA in Placement 2024 from Rs.16 LPA last year
• Average Salary for Top 25 Percent goes us by 37% at Rs.27.77 LPA in Placement 2024 from Rs.20.30 LPA last year
• Batch Size increased to 43 students from 35 students
• Number of Total Recruiters goes up to 28 from 25 last year
• PPOs Offered: 6
• Top Recruiters: Accenture ATCI, Amazon, American Express, Axis Bank, Capgemini, Hero MotoCorp, Invesco, JP Morgan Chase & Co., L&T, RedSeer Consulting, Republic World, TATA Advanced Systems, Trident, TVS Motors among others
• Top Recruiting Sectors: BFSI & Fintech (33%), IT/ITES (23%), Manufacturing (14%), Ecommerce & Edtech (14%), Consulting (9%) are among the top recruiting sectors

IIM Ranchi MBA 2022-24 Batch Placement: Highlights

• 76 prominent companies visited the campus this year and extended offers to students of the MBA 2022-24 batch of IIM Ranchi.
• Highest Domestic Salary in Placement 2024 goes up by 6% at Rs.37.80 LPA from Rs.35.50LPA last year
• Average Salary has gone up by 8% at Rs.18.69 LPA in Placement 2024 from Rs.17.30 LPA last year
• PPOs offered: 41
• No. of Students in 2022-24 MBA Batch Participating in Placements 2024: 207
• Median Salary in Placement 2024 goes up at Rs.18 LPA from Rs.16.50 LPA last year
• Average Salary for Top 25 percent goes up at Rs.24.55 LPA in Placement 2024 from Rs.24 LPA last year
• Top Recruiters: Accenture, Aditya Birla Capital, Amazon, American Express, Asian Paints, Berger Paints, Cognizant, Cummins, DCM Shriram, DS Group, Emami, Flipkart, Havells, Hero MotoCorp, Hexaware, Hindware, HSBC, Invesco, JP Morgan Chase, Kotak Mahindra Bank, L&T, MG Motors, MTR, RedSeer Consulting, Synergy Consulting, TATA Motors, Titan, TresVista, TVS Motors, UltraTech Cement, Vedanta, Wells Fargo
• Top Recruiting Sectors: BFSI & Fintech (35%); Manufacturing (22%), IT/ITES (14%), FMCG (11%) are the top recruiting sectors

IIM Ranchi MBA HR 2022-24 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 2022-43 has performed well, getting offers from prestigious corporate houses. A total of 33 companies have extended offers to the students of MBA-HR batch.

• Highest Salary goes up by 5% at Rs.33.97 LPA in Placement 2024 from Rs.32.20 LPA last year
• Average Salary goes up by 12.7% at Rs.18.37 LPA in Placement 2024 from Rs.16.30 LPA last year
• Median Salary goes up by 14% at Rs.18.22 LPA in Placement 2024 from Rs.16.0 LPA last year
• Average salary for Top 25 Percent goes up at Rs.22.72 LPA from Rs.22.40 LPA last year
• Batch Size: 63 students
• Number of Total Recruiters goes up at 33 from 29 last year
• PPOs Offered increased at 16 in Placement 2024 from 13 last year
• Top Recruiters: Aditya Birla Fashion and Retail, Aditya Birla Capital, Birla Paints, D E Shaw, Deloitte USI, Dr. LalPath Labs, Ernst & Young, HPCL, Jio Financial Services, Mahindra Finance, Mercer, Samsung R&D, TATA Motors, Vedanta Limited
• Top Recruiting Sectors: Manufacturing (25.8%), BFSI & Fintech (22.6%); Consulting & Professional Services (19%), Energy, Oil & Gas (9%), IT/ITES (6.5%), FMCG (6.5%) are the top recruiting sectors

For Nine 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 13^th placement season at IIM Ranchi, the 9th Indian Institute of Management has seen a rise in average, highest and median salary packages despite slow down in economy. During the time when most of the IIMs have reported drop in their average salary, IIM Ranchi has come out with increased salary packages in its placement season 2024. 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 (Second 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 2022-24 witnessed high salary packages. Students who participated in placement 2024 made their worth felt in the industry by getting top offers from some of the biggest names in the country.

IIM Ranchi 5 Year IPM Placements
IIM Ranchi launched 5 year Integrated Programme in Management for class 12 pass students from the academic session 2021-22. The first batch of IIM Ranchi IPM will pass out in 2026 and its placement process will be conducted along with MBA placements. The Five Year Integrated Programme in Management (IPM) offered by IIM Ranchi, is a Dual Degree Programme for Young Students. IPM is a combination of 3 years undergraduate degree + 2 years MBA degree programme. The programme is meant for young students who have passed class 12 and have managerial and leadership aspirations. IPM carries the IIM Ranchi brand ensuring good career growth in management career. After 3 years of study schedule, the IPM students become the part of IIM Ranchi MBA batch leading to high placements.

Top recruiters in Placement 2024
IIM Ranchi placement 2024 witnessed the return of major brands and prominent associations like Tata Steel, Wells Fargo, JP Morgan & Chase, American Express, Amazon, Accenture, McKinsey, Capgemini, EY, Cognizant, DCM Shriram among others

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 5 year 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